Energy and Power

Ozone Generation Market – Emerging Markets in Developing Countries

Posted on

The global ozone generation market was valued at $880 million in 2016, and is expected to reach at $1,486 million by 2023, registering a CAGR of 7.4% from 2017 to 2023. Asia-Pacific is expected to dominate the market and is expected to maintain this trend throughout the forecast period.

The improvements in ozone generation technologies have enabled industrial and municipal wastewater treatment frameworks to consider ozone treatment as a feasible and economic option. High ozone concentration and high gas pressure of modern ozone generators have made highly polluted water samples treatable at a lesser cost.

Ozone is a highly effectual and dynamic sterilizing agent with application in many industries, owing to collective awareness regarding environmental pollution. Wastewater reclamation, potable water conservation, sludge minimization, and sludge pretreatment are some of the prominent avenues of ozone generation application in industrial and municipal backdrops.

Ozone Generation Market

Rise in need for clean drinking water, increase in usage of ozone technologies, and rapid urbanization & demographic growth drive the market. However, high installation & operational cost of ozone generation systems and lack of awareness regarding ozone generators hamper the potential of the market for different applications.

The potable water treatment segment accounted for around one-third share of the global market in 2016, and is expected to maintain its dominance during the forecast period, owing to growth in population and urbanization. However, air treatment applications are also expected to grow with a moderate CAGR due to rise in demand for deodorizers and high ozone-level shock treatments.

In 2016, Asia-Pacific and North America collectively accounted for around two-thirds share of the global market, while Asia-Pacific is expected to grow at a higher rate during the forecast period. Furthermore, high demand from the emerging countries, such as Japan, India, and China, is estimated to drive the market growth.

The major companies profiled in the report include, Absolute Systems, Inc., Chemtronics Co., Ltd., DEL Ozone, EBARA Technologies, Inc., ESCO International Ltd., Fuji Electric Co., Ltd., International Ozone Technologies Group, Inc., Mitsubishi Electric Corp., Toshiba Infrastructure Systems & Solutions Corporation, and Suez SA.

Advertisements

Oil Shale Market – Industry Share, Growth and Regional Forecast

Posted on

Burgeoning demand for energy worldwide, depleting reserves of crude oil, and reduction in energy dependence after the advent of oil shale would propel the growth of the global oil shale market

The report offers an extensive analysis of the market size & share, key winning strategies, drivers, restraints, & opportunities, market landscape, and top investment pockets. According to the report, the oil shale market garnered $1.6 billion in 2017, and is estimated to reach $5.63 billion through 2025 in five current commercialized country markets across the globe, registering a CAGR of 16.7% from 2018 to 2025.

The factors aiding the growth of the global oil shale market include concerns about depleting crude oil reserves, surge in energy requirement globally, and benefits offered by oil shale such as reduction in energy dependence. However, high costs of equipment, mining, and processing technologies have resulted in increased cost of extracting oil from oil shale, which in turn is expected to hamper the growth of the industry. Conversely, developments in extraction techniques for obtaining kerogen from oil shale coupled with improvements in drilling techniques are expected to provide lucrative opportunities for the growth of the market in future.

The oil segment accounted for more than two-thirds of the total market share in 2017. It is expected to grow at the fastest CAGR of 16.9% from 2018 to 2025 on account of the large oil reserves present in oil shale. Moreover, the report analyzes several products such as gas, coke, and others.

The ex situ segment accounted for nearly three-fourths of the total market share in 2017. This segment would maintain its lead throughout 2025, as the oil shale industry uses surface mining to excavate oil shale.  However, the in-situ segment would grow at the fastest CAGR of 18.8% from 2018 to 2025 due to advancements in drilling technologies coupled with less pollution of ground water.

The electricity segment captured two-thirds of the total market share in 2017. It is expected to remain dominant through the study period, as majority of the oil shale is used to produce electricity in countries where resources such as coal and gas are unavailable. On the other hand, the cement segment would grow at the fastest CAGR of 17.6% during the forecast period, due to large-scale production of spent shale during extraction process, which is used as a raw material in cement production. The report analyzes additional applications, namely, fuel and others.

U.S. is projected to grow at the highest CAGR of 27.1% from 2018 to 2025, due to presence of abundant oil shale reserves in this region. On the other hand, Estonia contributed more than two-thirds of the total market share in 2017, and would maintain its dominance through the forecast period, as it has huge oil shale reserves that can be easily extracted for use in electricity production. The other commercialized regions discussed in the study include RussiaChina, and Brazil.

Apart from the commercialized markets, the report present a comprehensive analysis of the countries, such as AustraliaCanadaItalyMorocco, and others that includes Republic of Congo and Jordan, where presence of oil shale reserves has been identified.

The key market players operating in the global oil shale industry include American Resource Petroleum Corp., Chevron Shale Oil Company, Exxon Mobil Corp, American Shale Oil Corp. (AMSO), AFSK HOM TOV, and others. They have adopted various strategies such as business expansion, agreement, acquisitions, and joint venture to increase their market shares and expand their footprint.

 

Virtual Power Plant Market Till 2023 | Latest Trends, Growth & Forecast Analysis

Posted on

The global virtual power plant market was valued at $762 million in 2016, and is expected to reach at $4,587 million by 2023, registering a CAGR of 25.9% from 2017 to 2023. North America is expected to dominate the market and is expected to maintain this trend throughout the forecast period.

Virtual power plant is an aggregation of decentralized generators with the outline to integrate different distributed energy sources such as biomass plants, biogas block heating plants, wind turbines, and hydroelectric plants.

Virtual Power Plant Market

Rise in demand for renewable energy in power generation sector, changes in dynamic of power grids from centralized to distributed, and moderating costs and easy accessibility of energy storage drive the growth of the virtual power plant market. However, health concerns over high frequency human exposure of electromagnetic and radio waves hamper the potential of the market for different end users.

The industrial segment accounted for around half the share of global market in 2016, and is expected to maintain its dominance during the forecast period, owing to energy efficiency of VPPs. However, residential end users are also expected to grow with a high CAGR due to rise in demand for renewable energy.

According to Eswara Prasad, Team Lead, Energy & Power at Allied Market Research, “The improvements in energy storage technologies have enabled industrial and commercial frameworks to consider clean and renewable energy utility as a feasible and economic option.

In 2016, North America and Europe collectively accounted for more than four-fifths share of the global market, while Asia-Pacific is expected to grow at a higher rate during the forecast period. Furthermore, high demand from the emerging countries, such as ChinaAustralia, and South Korea, is estimated to drive the market growth.

The major companies profiled in the report include, ABB Ltd., AGL Energy, AutoGrid Systems, Inc., Comverge, Inc., Enbala Power Networks, EnerNOC, Inc., General Electric Company, Siemens AG, Schneider Electric SE, Limejump Ltd., and others.

Transformer Oil Market – Key Players and their Strategies

Posted on

Transformer oil market is projected to reach $3.4 billion by 2020, with the mineral oil-based transformer oil segment to maintain its dominance until 2020. Mineral oil-based transformer oil dominates the market while bio-based is projected to be the fastest growing segment. Bio-based transformer oil has emerged as an alternative for crude oil-based transformer oil, owing to its biodegradability, high dielectric strength, and low toxic risk & less carbon foot prints. Silicone transformer oil is the second fastest growing segment caused by its increasing demand as a fire safe and eco-friendly alternative to traditional transformer oil.

Transformer oils are electrical insulating oils stable at high temperature, which serves two important functions in a transformer, viz., suppression of arcing and dissipation of heat generated in the transformer. The ability of transformer oil to fulfil these functions are chiefly responsible for its adoption, and thus drives the market growth. Other important factors stimulating its growth include electrification of rural areas, expansion of power grids and increasing investment in the power sector. However, factors such as volatility in crude oil prices and increasing adoption of dry transformers are expected to hamper the market growth.

Transformer Oil Market

Mineral oil-based transformer oil dominates the market while bio-based is projected to be the fastest growing segment. Bio-based transformer oil has emerged as an alternative for crude oil-based transformer oil, owing to its biodegradability, high dielectric strength, and low toxic risk & less carbon foot prints. Silicone transformer oil is the second fastest growing segment caused by its increasing demand as a fire safe and eco-friendly alternative to traditional transformer oil.

Distribution transformers segment dominates the global transformer oil market, accounting for nearly half of the overall market, in terms of volume. The key factors responsible for this dominance is increase in energy usage coupled with increasing number of subtransmission lines to residential homes.

Asia-Pacific is expected to maintain its dominance through 2020, due to increasing demand for electricity in densely populated countries such as India and China, expansion of grid infrastructure and increasing investments in the power sector. China dominates the Asia-Pacific transformer oil market followed by India owing to the high demand for transformer oil in power transmission infrastructure. Russia and Germany are the largest consumers of transformer oil in the European market. Increasing consumption of electricity and development of new power plants are expected to provide stellar growth opportunities for the Russian transformer oil market. The Middle Eastern transformer oil market is projected to exhibit the highest CAGR during the analysis period, both in terms of volume and revenue. This is attributed to factors such as increase in power grids, heavy investment, and expansion of electricity network.

The prominent players profiled in this report, include Nynas AB, Ergon, Inc., PetroChina Company Limited, Apar Industries Limited, Calumet Specialty Products Partners, L.P., Sinopec Corporation, Hydrodec Group Plc, Cargill Incorporated, Engen Petroleum Limited, Valvoline, San Joaquin Refining Co., Inc., and Gandhar Oil Refinery India Limited.

Cables and Connectors Market to Upsurge with Significant Growth

Posted on Updated on

Cables and Connectors Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $125.3 billion by 2022, registering a CAGR of 11.1% during the forecast period 2016-2022. In the year 2015, Asia-Pacific dominated the cable and connectors market owing to the huge investment in infrastructure, energy, and technology development. Moreover, Asia-Pacific is expected to exhibit the highest growth over the forecast period.

Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/967

Increasing investments by government to improve connectivity within regions, rising demand for higher bandwidth, heavy investments in military and submarine sectors are expected to drive the growth in global cables and connectors market. Large number of developments have been undertaken by numerous government organizations of various countries including India, China, and Brazil to improve the network infrastructure of their regions. Such initiatives are increasing the demand for high speed data transmission cables and connectors. Further, growing number of data centers and government investments to increase rural connectivity are anticipated to provide potentially huge market for cables and connectors. However, complex fault detection and troubleshooting process and diversion of investments in wireless communication infrastructure are expected to limit the market growth.

cablesand connectors01

External cables and connectors segment accounted for about 70% of the overall cables and connectors market revenue in 2015, owing to their higher adoption in electronic devices. These cables and connectors include USB cables and connectors, headphone jack, fiber optic cables, VGA cables, Ethernet cables, and data cables which are used to connect internal cables and connectors. This segment is anticipated to grow at the CAGR 10.4% during the forecast period. Based on regions, Asia-Pacific market dominated the external cables and connectors market in 2015 and is expected to continue its dominance throughout the forecast period, exhibiting the highest CAGR 12.1%. This is due to increasing adoption of external cables and connectors in data centers huge investments in infrastructure, energy and technology development in Asia-Pacific region.

CAT5/CAT6 segment of cables and connectors based on product type, is expected to maintain its lead in revenue generation during the forecast period. This segment accounted for the maximum revenue share in 2015 and is expected to grow at a CAGR 10.9% during 2016-2022. This boost in the CAT5/CAT6 segment is due to changing customer preferences, increasing data production rate and higher adoption of CAT6 wires in data transfer. However, USB segment is anticipated to grow at the fastest CAGR 13.3% during the forecast period, owing to increased demand for digital data storage, constant enhancement in memory capacity and emergence of USB 3.0 & 3.1 standards for high speed data transfer.

Among the different industry verticals, commercial industry which includes sectors such as IT & telecom, electronics, and healthcare industries consumes a major share of this market. This segment contributed around 38% of total revenue in 2015 and is expected to dominate the market throughout the forecast period at a CAGR 10.6%. The market is driven by the growth of IT and increased dependence of businesses and institutions on high-performing transmission systems. With the increasing penetration of technologies such as cloud and Internet of Things (IoT), the demand for reliable, high performance and secure data connectivity and transmission has increased. From a growth perspective, oil & gas vertical is expected to grow at the highest CAGR during the forecast period. The oil & gas industry is a sensitive market and decreasing oil and gas reserves have propelled the demand for oil & gas exploration in newer geographies.

Asia-Pacific is the largest and fastest growing region and is expected to maintain its dominance throughout the forecast period. Asia-Pacific region is emerging with opportunism for the cables and connectors market on account of huge investments in infrastructure development in countries like India and China, focus on energy management and strengthening technological advancements. The region is expected to grow at a CAGR 13.0% during the forecast period. North America ranked second in terms of market share, accounting for around 28.0% of the global market revenue of cables & connectors in 2015.

For purchase enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/967

Asia-Pacific is anticipated to dominate the global cables and connectors market during forecast period as governments of emerging markets are taking initiatives towards connectivity within countries; and due to rising demand for high speed cables and connectors in various end user industries. LAMEA is also projected to be one of lucrative markets, exhibiting the second highest CAGR after Asia-Pacific. In this region, external cables and connectors segment accounted for around 70% of total market revenue in 2015. The Middle East region generated the highest revenue in LAMEA cables and connectors market in 2015; and is expected to dominate the market throughout the analysis period.

Key Findings of Cables and Connectors Market:

  • Commercial industry vertical which includes sub segments such as IT, telecom & networking, healthcare, business/office and electronics, is estimated to consume major market over the analysis period.
  • In 2015, external cables and connectors segment led the overall cables and connectors market revenue, and is projected to grow at a CAGR 10.4% during the forecast period.
  • CAT5/CAT6 cables segment is expected to consume largest share of cables and connectors market due to evolving networking types and demands for high speed and safe connectivity.
  • Asia-Pacific would lead the market, accounting for over 40% of the market revenue by 2022.

The report outlines the competitive scenario of the global cables & connectors market, providing a comprehensive study of the key strategies adopted by major companies. Key market players profiled in the report are Amphenol Corporation, Molex Inc., Fujitsu Ltd., TE Connectivity Limited, Prysmian S.P.A., 3M Company, Nexans, Huawei Technologies Co. Ltd., Alcatel-Lucent (Nokia Corporation), and Axon Cable S.A.S.

Micro Inverter Market is Observed to make Increasing Revenue Growth

Posted on

Global Micro Inverter Market would reach $2.7 billion by 2022. In 2014, North America dominated the market and contributed about 45% share of the overall market revenue, followed by Europe, according to a new report published by Allied Market Research.The presence of key market players in the U.S. and rising micro inverter installation activities, primarily in residential sector, have fueled the market growth.

Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/1702

Swift rise in demand for greater efficiency of solar energy systems and increased application of micro inverters in residential sector, as it is more cost-effective and space efficient, as compared to central and string inverters drives the market growth. However, high initial investment and tough maintenance could restrict the market growth. Moreover, it is anticipated that the rise in electricity demand coupled with increase in government spending & tariffs on photovoltaic technology would spur the global market growth.

Microinverter

The residential segment accounted for about 77% of the overall micro inverter market in 2014. Highest installation of micro inverters in residential photovoltaic systems led this segment to dominate the overall micro inverter market. However, commercial end user segment would grow significantly and is expected to register a CAGR of 30.3% during the forecast period. This is due to the increase in installation of micro inverters in commercial PV systems worldwide as many renowned companies are launching advanced technology products. Moreover, North America has contributed significantly in the residential sector.

Among various geographical regions, North America has contributed the maximum revenue share in 2014 and is expected to maintain its leading position throughout the forecast period. This could be attributed to varied factors including increase in the electricity demand due to rising population, and increased government initiatives. Moreover, improvement in renewable energy expenditure has boosted the installation of residential micro inverters in Asian countries, particularly in China, Japan, and India.

MLPE technologies such as micro inverters are swiftly gaining acceptance and market share as their costs have come down. In spite of the global dominance of string inverters, over half of all residential solar systems installed in the U.S. currently using micro inverters. In addition, increased power output of micro inverters, cost-effectiveness and enhanced safety features would fuel the micro inverter market growth in both residential and commercial sector globally. Japan, representing a significant residential market potential, is expected to provide lucrative growth opportunities for top global micro inverter manufacturers in Asia-Pacific market, states Rakesh Singh, Manager, Research, Semiconductor & Electronics at AMR.

Get purchase enquiry details @ https://www.alliedmarketresearch.com/purchase-enquiry/1702

However, Asia-Pacific is projected to be the fastest growing region throughout the analysis period. Since, Japan has the highest demand for residential sector power plant PV installation due to government incentives and limited supply of micro inverters in Japan. Moreover, enhancement in solar plant installation capacity and increase in expenditures in the emerging markets (such as China and India) to satisfy the exponentially growing electricity needs in these countries have strengthened the market growth. Technological advancements for cost-effective inverter technologies in these nations offer a lucrative opportunity for the micro inverter market growth.

Micro Inverter Market Key findings of the study:

  • In 2014, single phase micro inverter type led the overall micro inverter market revenue, but it is projected to grow at a CAGR of 26.2% during the forecast period
  • Residential segment is expected to exhibit rapid growth, owing to the rising government tariffs and incentives
  • Presently, North America leads the world micro inverter market and it is expected to continue this trend throughout the forecast period owing to the swift rise in electricity demand from countries such as U.S., Canada, and Mexico
  • Japan leads the overall Asia-Pacific micro inverter market with about one-third of the market shares in the region

The key players in the micro inverter market are dedicated to expand their business operations in the emerging countries with acquisition and product launch as a preferred strategy. The major players profiled in this report include Enphase Energy, Inc., ABB Group, SunPower Corporation, SMA Solar Technology AG, Delta Energy Systems GmbH, SolarEdge Technologies, Inc., ReneSola, Siemens AG, P&P Energy Technology Co., Ltd., and Involar.

Power Electronics Market to Accelerate with Lucrative Growth

Posted on

Power Electronics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $25 billion by 2022, registering a CAGR of 8.9% during the period 2016-2022. Asia-Pacific dominates the global market in terms of revenue, accounting for more than 50% share of the global market, followed by Europe.

Insulated gate bipolar transistor (IGBT) is the most widely used device in the industry. Presently, rise in demand for higher efficiency, faster switching, and minimal power loss are some of the key driving factors of the market. Moreover, aggrandized need for power management devices is expected to provide lucrative opportunities to market players. IGBT device is the leading segment in the global power electronics market, and is expected to maintain this trend throughout the forecast period. However, metal oxide semiconductor field-effect transistor (MOSFET) segment is expected to witness significant growth in the future, as this transistor is compact and cost-effective.

Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/1785

The power module segment is projected to maintain its lead in the global power electronics market, as these modules are used for power transmission in high-voltage applications with minimum current loss. Moreover, Asia-Pacific region is the major revenue contributor in the power module segment due to increase in demand for electric vehicles utilizing power devices for energy transaction. China, India, and Japan are the prime consumers of power modules, which is expected to fuel overall growth of the market.

powerelectronics02

Among applications, energy & power segment dominated the global market in 2014, accounting for about 23% share. Proactive government initiative to establish smart grids and growing need for high voltage direct current (HVDC) have fueled the market growth. However, automotive segment is expected to grow at the highest CAGR of 10.5% during the forecast period due to increase in demand for power management in electric vehicles. Moreover, Asia-Pacific was the leading revenue contributor in the global electric vehicle market in 2014.

Asia-Pacific region was the major revenue contributor in 2014, and is expected to maintain its dominance throughout the forecast period. This is attributed to the increase in number of electric vehicles and industry systems utilizing power electronics. Moreover, advancements in consumer electronics, inverters, and UPS would boost the growth of the power electronics market, especially in Asian countries such as China, Japan, South Korea, and India.

Asia-Pacific is projected to be the fastest growing region during the analysis period, owing to increase in power transmission, upsurge in use of renewable energy, and rise in adoption of power electronics in electric vehicles. Furthermore, increase in power management devices across several countries including China, Japan, India, and South Korea to cater to the end user needs, such as consumer electronics and industrial systems, have fueled the market growth. Moreover, technological advancements to overcome power loss issues in extreme conditions would offer lucrative opportunities for market players in the near future.

For purchase enquiry,  visit @ https://www.alliedmarketresearch.com/purchase-enquiry/1785

Key findings of the study:

  • In 2014, IGBT segment dominated the global power electronics market in terms of revenue, and is projected to grow at a CAGR of 10.5% during the forecast period.
  • Power IC segment is projected to grow at a CAGR of 10.4% during the analysis period.
  • Automotive segment is expected to exhibit the fastest growth during the forecast period, owing to increase in applications of power management devices in e-bikes and e-cars.
  • China is the major shareholder in the Asia-Pacific power electronics market, accounting for about 34% share.

The key players operating in the power electronics market have adopted new product launch as their preferred strategy to expand their market foothold. The major players profiled in this report include Infineon Technologies AG, Mitsubishi Electric Corp., Toshiba Corporation, ABB Group, STMicroelectronics, Fuji Electric Co. Ltd., Rockwell Automation, Inc., Renesas Electronics Corporation, Microsemi Corporation, and Texas Instruments.