Escalating demand for hot water and steam across commercial and residential establishments will drive the U.S. Boiler Market outlook. The region has been witnessing growing investments toward modernization and replacement of the aged-out boilers owing to increasing carbon footprint. The new generation boilers are designed to follow the improving emissions standards which will create novel growth opportunities for the industry players in the coming years. For instance, Environmental Protection Agency has introduced National Emission Standards to reduce hazardous air pollutants emitted from the commercial and industrial facilities.
A boiler allows the utilization of a varied number of fuels such as natural gas, peat coke, coal, oil, and wood chips, thus providing high flexibility favoring the product adoption. The closed vessel design of the product eliminates the chances of water evaporation, assisting in achieving required pressure for steam generation on a larger scale. The hot water and steam are then carried out through separate pipelines to multiple household, commercial and industrial equipment for heating or any other required purposes.
Increasing efforts for curbing carbon emission given the rising environmental hazards will drive the U.S. boiler industry trends. The regional government is focusing on development of zero emission buildings for large facilities such as offices, educational institutes, and hospitals in order to cut down energy related emissions. Such advancements in reducing emissions at the root level will necessitate implementation of sustainable technologies.
Furthermore, the U.S government has launched National Action Plan to achieve energy optimization across multiple public & private sectors. Introduction of additional energy efficiency polices & regulations in the upcoming years will accelerate demand for low emission boilers further stimulating the U.S. boiler market trends.
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Considering the capacity spectrum, U.S. Boiler Market from 100-250 MMBtu/hr capacity segment is experiencing increasing demand from the refineries on account of the ongoing extension projects. For instance, in January 2019, Exxon Mobil declared the expansion of its refineries in Beaumont, Texas, US, which involves construction and installation of new pipes, and boilers in the refining facility.
The company aims to gradually increase the crude refining capacity by more than 65 percent to achieve 250,000 barrels per day. Ever-increasing demand for refined petroleum products will provide a positive outlook for the U.S boiler market growth.
Robust product deployment across food processing, textile industry, pulp & paper, and metal smelting industries for cleaning, heating, cooling, and humidification purposes will drive the application share. U.S is one of the top three paper producing countries of the world and also is the leading exporter. The U.S. paper industry accounted for 96.1 billion U.S. dollars in 2015, claims an estimate by Statista. Since the process of paper manufacturing deploys steam heated cylinders to form flat paper sheet, the U.S. boiler market will generate significant revenues from the pulp & paper application.
The food industry requires heat at every stage of the process. It can be either direct heat or heat from the hot water or steam which is extremely essential for food processing. Considering the beverage industry, steam is used for cooking, drying, and warming, and also for generalized cleaning purposes in the processing plants. Application of steam eliminates the microbiological risk in food which should augment the U.S. boiler market share from food processing application.
Owing to widespread product applications, the U.S boiler market will witness significant gains during the forecast timeframe. Moreover, the manufacturers in the region are heavily investing on technological upgradation of the heating technologies of the product aiming to improve operational performance, further propelling the industry size over the forecast timeline. According to the latest study by Global Market Insights, Inc., U.S. Boiler Market size will exceed USD 4.5 Billion by 2025.
Author Name : Amol Kothekar
Growing concerns over depleting fossil reserves coupled with the rising environmental impacts from burning conventional fuels will drive global biogas market growth. Increasing awareness about biogas technologies across the globe will encourage the deployment of these technologies.
Government initiatives to promote biogas across end-use industries along with enactment of stringent environmental laws curb GHG emissions will also positively influence the global biogas market trends throughout the forecast timeframe. As per the latest study by Global Market Insights, Inc., biogas market size will exceed USD 110 billion by 2025.
Increasing penetration of biofuels across the transportation sector will create favorable business scenario for the market. Growing initiatives toward the utilizing industrial and municipal waste for energy generation will complement the biogas demand. There have been rising efforts toward the deployment of sustainable energy technologies promoted by several incentives and subsidy schemes. Moreover, governments are bound to reduce the dependency on fossil fuel sources for power generation which will enhance the industry outlook.
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Biogas market from sewage sludge substrate will witness significant gains on account of increasing shift toward utilizing domestic sewage for biogas production which can be further used for electricity generation. In addition, the local bodies have been planning for large scale development of sewage treatment facilities owing to growing environmental concerns from disposing the sewage in the water bodies. Huge availability of sewage from the urbanized areas should accelerate product deployment to sustain the growing electricity demand.
Electricity applications will continue to be a consistent driving factor for the global biogas market in the upcoming years, pertaining to growing awareness toward climate change and ever-increasing electricity prices. 500 kW – 3 MW biogas plants should witness increasing deployment over the study timeframe because of the favorable conditions created by intensifying regulations to minimize energy-related carbon emissions.
Rapid urbanization from the increased migrations from rural areas will surge the residential energy needs. In addition, the ongoing smart city trends should foster the business landscape over the forecast timeline. Furthermore, burgeoning energy demand from the manufacturing units due to proliferating industrialization will enhance the industry outlook.
Global biogas market from commercial application will showcase indispensable growth on account of space heating applications. Availability of abundant feedstock and high energy density makes it a viable option deployment in the commercial sector.
Pre-hydrolysis technology in the biogas industry is projected to account for significant growth owing to rising demand for sludge stabilization. The technology features prominent benefits including minimal production of biosolids, low costs of the process and enhanced energy recovery giving it an edge over other alternatives.
Biogas market size from anaerobic digestion process hit USD 45 billion in 2018 and is further anticipated to achieve a CAGR of over 6% through 2025. The process of anaerobic digestion extracts the energy in the form of biogas and leaving behind the biofertilizer. Growing need for replacing chemical fertilizers with the organic alternatives for improved soil health should drive the segmental growth, given the dual advantage of producing energy and fertilizers.
Asia Pacific biogas market will display commendable gains owing to rising adoption of renewable energy technology and increasing electricity demand. High count of electricity deprived remote location and ongoing modernization of grid infrastructure will fuel the installation of biogas systems in the region.
Increasing awareness toward conservation of agricultural land coupled with growing initiatives for improvement of local economies will foster the development of biogas plants across the emerging economies. Furthermore, high availability of cheap feedstock coupled with increasing carbon emissions will drive the industry growth.
Author Name : Amol Kothekar
Burgeoning demand for batteries across the automotive sector in tandem with the rising requirement of power backup systems in communication centers will stimulate lead market growth. Escalating efforts towards enhancing the efficiency of grids and the subsequent expansion of microgrid networks will also boost the industry landscape.
Additionally, the rising prevalence of blackouts across several regions with limited electricity availability alongside peak load demand compensation will foster elevated demand for the product.
As per Global Market Insights, Inc. estimates, the global lead market size is expected to exceed $27 billion by 2025.
Shifting focus towards lead recycling in Europe
The lead market in Europe is expected to witness appreciable gains during the forecast period as a result of abundant growth in the automotive industry in addition to the increasing number of data centers. Regulatory authorities as well as industry players including Ericsson, Deutsche Telekom and Telia Sonera among others are providing considerable investments towards internet connectivity improvement in Western Europe and the Nordic region.
The steady paradigm shift towards lead recycling and flourishing secondary production in the region will significantly bolster the Western Europe lead industry landscape. Likewise, the EU has several mandates in place for the production, utilization and reuse of batteries, in line with the EU Circular Economy, supported by a well-performing and reputable closed loop recycling system. This system includes the production of automotive batteries, 99% of which are collected at the end of their lifespan and recycled for further purposes.
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Rising demand for starter batteries from automotive sector
In 2018, the lead industry size from batteries recorded revenue of over $19 billion, owing to extensive lead demand across myriad sectors including the automotive and telecom sectors.
In motor vehicles, lead is the primary component of a starter batter while in electric vehicles traction batteries provide efficient emergency power backup in telecom and computer systems. Growing demand for electric vehicles due to strict legislative regulations and favorable policies pertaining to emissions and environmental impact will add impetus to the lead market growth. These shifting preferences towards environment-friendly vehicles and booming investments towards mining activities are key factors fueling industry expansion.
However, escalating incidents of lead poisoning due to consumption across numerous applications are likely to impede industry expansion. For example, the Consumer Products Containing Lead Regulations (CPCLCMR), has restricted lead usage in several consumer products in Canada, with the intention of curtailing direct lead exposure. Additionally, lead use has been cut down in the production of solders, pigments & compounds, electrical equipment and cable sheathing, which may hamper the lead market share.
Dearth of reliable electricity sources in the MEA region
Increased funding for metal and mining activities in the Middle East & Africa regions, in conjunction with higher emphasis on obtaining private investments will impel the lead market outlook. As a matter of fact, the MEA lead market size is expected to register gains of over 5% through 2025.
Unstable electricity access across many African nations has led to a considerable surge in demand for efficient power backup systems, which will in turn drive the demand for lead acid batteries. As of 2019, according to World Bank reports, more than 573 million people living in the sub-Saharan African region are facing a shortage of electricity.
Author Name : Saloni Walimbe
The EV charging infrastructure market share is expected to witness considerable momentum from the budding alliances amid major companies such as Nissan and BMW. In addition, burgeoning demand for electrically-fueled, low emission and energy efficient transportation systems will augment EV charging infrastructure industry trends.
Stringent regulatory policies and mandates pertaining to environmental wellbeing and the rampant penetration of electricity-based clean-energy vehicles gaining widespread popularity are also expected to expedite market growth to a great extent.
Likewise, persistent R&D efforts, technical innovations, and growing financial interest in infrastructure development will further bolster EV charging infrastructure industry outlook.
As emissions from on-road diesel-based vehicles continue to surge, several regulatory mandates have been initiated in order to encourage the implementation of alternate-fuel based vehicles, which will in turn augment EV charging infrastructure market demand. Furthermore, the advent of numerous state and federal purchase incentives has mitigated up-front costs for these vehicles thereby bridging cost-gaps with gas driven vehicles.
The transition towards zero-emission transport is bolstered by escalating taxes on carbon-intensive oils alongside location and distance-specific charges, thereby propelling industry expansion.
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Shifting preferences towards sustainable and energy-efficient transportation systems in Germany
The Germany EV charging infrastructure market trends are expected to proliferate immensely owing to the stringent regulations regarding the influence of GHG emissions on environmental and human well-being.
Proliferation of fuel costs and the subsequent rise in adoption of electric vehicles are likely to foster market development. For instance, the IEA (International Energy Agency) estimates that EV installations will grow twofold from 60 million to approximately 125 million by 2030, asserting a positive impact on infrastructure advancement.
The industry landscape will be further enhanced due to emission reduction and efficient, peaceful transit as a result of the shift from diesel buses to their electric counterparts.
Rising demand for better EV charging infrastructure in the Netherlands region
Technological evolution geared towards the adoption of efficient EV charging stations with significant cost-savings is likely to impel market dynamics. In fact, the Netherlands region is expected to witness a surge in installation exceeding 200 thousand units by 2025.
Installations of EV equipment in the region will also be accelerated owing to rampant progressions in machineries for speedy charging processes and better energy production, storage and management. Myriad financial incentives such as rebates and tax credits for vehicle and charging points are also likely to stimulate electric vehicle charging infrastructure market growth.
Prolific advantages of DC charging towards higher ecological sustainability
DC charging is projected to increase owing to pivotal characteristics including energy storage, grid connection and the ability to send and receive signals of utility pricing. Advantageous regulatory norms & initiatives along with subsidy & grant support and tax rebates will boost charging equipment demand for electric vehicles.
In addition, the rising need for fast & ultrafast DC station installations, including, CCS, Tesla Superchargers and CHAdeMO, will augment the industry growth. Industrial development, heightened awareness of environmental conservation characterized by elevated demand for energy-efficient systems will further stimulate electric vehicle charging infrastructure market share.
Based on Global Market Insights, Inc. estimates, the EV charging infrastructure market size is set to exceed $46 billion by 2025.
Author Name : Saloni Walimbe
Solar district heating market forecast is expected to depict a major rise owing to increased urbanization along with population growth and continuously increasing heating demand across the world. District heating is one of the most vital concepts that helps in improving the overall energy efficiency of a community and allows incorporating a higher proportion of renewable heat. With the constantly rising energy prices and increasing expectations of comfort and indoor climate control, solar district heating industry outlook is poised to witness robust growth over the next few years.
It has been observed that buildings consume a vast amount of conventional energy and substantially contribute towards fossil fuels emissions, coercing many countries to plan for introducing policies for minimizing the consumption, by transitioning buildings into more energy efficient structures. Governments are playing a major role by implementing stringent regulations to focus on integrating renewables into existing energy systems. Enumerated below are certain trends outlining the prospects for global solar district heating industry share.
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Consumption behavior in the commercial and residential sectors
The use of solar energy has been critically important for commercial buildings such as malls, big-box stores, and office complexes. Natural gas and conventionally generated electricity have become the most common sources used in commercial spaces for cooling and heating purposes. Utilities are gradually shifting their preferences towards renewable energy sources for district heating and cooling that help in meeting rising urban energy needs and providing cost-effective option to commercial and residential buildings.
Prominent reports suggest that global residential solar district heating market is likely to reach a valuation of USD 3 billion by 2025. In August 2019, Savosolar has reportedly signed an agreement with a French based company Kyotherm Solar to deliver a solar heating system in Issoudun France. Savosolar will provide the largest part of the solar thermal plant and the construction and system delivery will begin during autumn 2019, with handover projected to start around spring 2020. Similar developments and increasing R&D activities help in utilizing solar energy more efficiently, propelling solar district heating market size.
Rising renewable energy expenditure in Asia Pacific region
Asia is one of the fastest growing regions in the world in terms of energy demand to fuel its increasing pace of economic expansion. Emerging economies like India, China, and Japan are adopting advanced methods for renewable energy deployment and placing them at the forefront of the energy transition. Countries like Japan have numerous district heating and cooling operators presently working across the country to meet varying consumption trends.
The government of Japan is accelerating efforts by massively spending on green innovations and promoting private and public partnerships to make the public aware about environmental preservation and economic development, augmenting opportunities for solar district heating industry. In 2018, Daiwa House in Japan had commenced its first energy self sufficient office, the first in Japan to use renewable energy and conduct verification testing and experiments for energy efficiency. Introduction of similar commercial buildings will foster possibilities for renewable-based heating and cooling.
Expansion of renewable energy infrastructure globally
Energy intensive industries like chemical, refinery, and paper sectors represent over 80% of the total global electric combined heat and power (CHP) capacities. Additionally, industries are directing rigorous efforts towards increasing the deployment of renewable energy technologies and providing local manufacturers a large scope of making efficient use of resources through favorable cost reductions.
In August 2019, Statkraft, a Norwegian state-owned hydropower company had acquired Airvolution Clean Energy, an onshore wind developer, for holding a 1.2GW renewables portfolio in the UK by 2025. The agreement has been made with the aim of deploying 600MW of solar power and onshore wind in the UK. With the initiation of these strategic agreements along with various government aided schemes, district heating and cooling systems can enjoy reliable sources of energy.
With the majority of technological advancements and investments in the developing smart and energy-efficiency cities, the demand for district heating and cooling systems will rise considerably. Investment in renewable energy is rapidly expanding across the world to tackling global warming. Favorable government policies along with strategic mergers and acquisitions to expand production capacities will be profitable for utilities looking to accelerate solar power adoption. According to Global Market Insights, Inc., solar district heating market size is expected to surpass USD 7 Billion by 2025.
Author Name : Deeksha Pant
Growing preferences for clean energy generation owing to the depleting fossil fuel reserves is anticipated to drive offshore wind cable market growth. As per GWEC, the global offshore wind installed capacity raised by 0.5% during 2017-2018. The fiscal term witnessed an increase of 5 GW up surging the total installed capacity to 23 GW.
Additionally, the declining component prices from government subsidies to promote clean offshore energy generation will enhance the industry outlook. The offshore wind cable market is slated to grow exponentially pertaining to some the key influencers stated underneath.
China Offshore Wind Cable Market, By Technology, 2018 & 2025 (USD Million)
Land availability and favorable climatic factors:
The land availability for onshore wind projects is less as compared to offshore wind projects. In addition, human intervention across onshore wind farms is also more that has been favoring growth of offshore wind projects. Limitations of land availability and increasing human interventions across onshore wind farm across the globe are expected to support offshore wind cable business scenario over forecast timeframe.
Moreover, the offshore wind farms provide numerous advantages over onshore sites. Wind speeds greatly influence the power generation process, even a slight increase in wind speed significantly amplifies the power generation. For instance, a wind turbine spun by 15 mph wind can yield almost double the energy produced from a turbine operating at 12 mph wind speed. The wind speeds at offshore locations are much higher and more constant as compared to the wind speeds of the onshore locations. These climatic factors are expected to lead toward increasing deployment of offshore winds farms, further boosting the offshore wind cable industry outlook.
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On-going offshore wind infrastructure investments across Europe:
Europe offshore wind cable market will observe significant gains on account of the enormous existence of offshore wind farms in the region. Government approaches to utilize the total offshore potential along with strict environmental codes to limit carbon footprint will significantly boost the regional offshore wind cable market size. Currently, Europe has 105 offshore wind farms having a total capacity of 18.5 GW spread across 11 countries of the region.
Europe is expected to lead offshore wind cable market growth on account of the increasing number of offshore wind farms and intercountry power transmissions to ensure security of the power supply. According to a report published by the Wind Europe, in 2018, Europe’s offshore wind capacity sharply increasing by 18% owing to a new installations of 2.6 GW offshore wind energy capacity. UK and Germany shared an about 85% of the new capacity of 1.3 GW and 969 MW respectively. The region witnessed about 15 new offshore wind farms that commenced energy production in the year.
The UK alone hosts a massive offshore energy generating capacity of 8 gigawatts. The offshore wind farms lining the British coastlines complements UK’s growing energy needs. The strategic government-industry collaborations are likely to fulfil 30% of electricity needs in UK from offshore wind energy projects by 2030. The new offshore Sector Deal laid foundations to provide this huge boost to offshore wind capacity of the country.
Furthermore, UK recently announced the world’s biggest offshore wind farm project Hornsea-One, spread across a huge area of approximately 407 square kilometers located off the Yorkshire coastline.
The project is currently partially operational with 50 of its 174 turbines spinning. Once the deployment is over by 2020, Hornsea-One will have a generating capacity of 1.2 gigawatt breaking all records of any existing offshore wind farm.
Growing GHGs emission concerns:
The rapidly increasing energy demand has been resulting in high growth in energy-related greenhouse gas emissions. According to IEA, in 2018, CO2from energy-related project increased by 1.7% owing to the increased energy demand across the globe. The power sector accounted for almost two-thirds of emissions growth pertaining to the fossil fuels used in energy generation. Particularly, the increasing energy demand from major countries including China, India, and the United States accounted for 85% of the net increase in emissions.
The alarming levels of greenhouse gases will necessitate to discover new offshore wind potential sites. New York State Energy Research and Development Authority has proposed an offshore wind farm of 880MW capacity to Sunrise Wind that is expected to power more than 500,000 homes. The project will be a joint development of Ørsted, a Danish power company and US-based energy provider, Eversource.
Development of the Sunrise project will commence from 2022 and the operations are scheduled to begin in 2024. Reportedly, New York State Governor aims of producing 9,000MW of offshore wind power by 2035 owing to the goal of generating 50% of the state’s electricity from renewable sources by 2030.
Limited land availability owing to the regional land disputes along with the wind obstructions caused increased urbanization will necessitate expansion of offshore wind energy generation projects. Hence the increasing deployment of offshore wind farms will augment offshore wind cable industry trends during the forecast period.
Furthermore, increasing inclinations toward renewable energy generation due to the rise in energy-related greenhouse gas emissions will also support industry outlook. According to a research report by Global Market Insights, Inc., offshore wind cable market share is anticipated to surpass USD 2 billion by 2025.
Author Name : Amol Kothekar
Servo drive market share is anticipated to witness an exponential growth owing to advent of industrial automation, coupled with the product’s adoption across various industry verticals such as consumer electronics, automotive, semiconductor, food & beverage and others. Growing industrial activity, primarily in the emerging economies across the world is projected to positively impact servo drive industry outlook over 2019-2025.
Germany Servo Drive Market Size, By Category, 2018 & 2025 (USD Million)
Servomechanisms are automated control systems used in robotics, CNC machines, and factory automation. Servo systems offer greater reliability and precision, as they use position feedback to account for system disturbances and errors, unlike open loop systems.
A servo amplifier or servo drive is responsible for powering the servo motor in servo system. The servo drive is an important component in determining the performance of the servo system. Servo drives offer a variety of advantages for automatic machining systems, such as superior positioning, motion control and speed.
Rise in industrial automation to add impetus to servo drive industry growth
Industrial automation heavily relies on servo drives and industrial AC drives. Servo drives provide fully digital control over torque, velocity position synchronous, linear or torque and asynchronous servo motors. Servo drives are flexible and can fit with a variety of machine designs, with key features including thermal management for operation in demanding industrial environments, optimized performance, high dynamics and reliability.
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Servo drive translates low power command signals from the controller into high power current and voltage to the motor. Depending on the application, the servo drive regulates and coordinate the motor’s desired speed, position, torque, etc.
Industries are implementing automation to reduce costs related to employees along with other expenses, while increasing precision and flexibility. With increasing advancement in control mechanisms, industries operate 24 hours a day. Productivity has increased, and errors are reduced. Common industrial automation applications include packaging, food, logistics systems, tool machines, robotics, etc. Rising investments toward the development of industrial automation will influence servo drive market trends over the forecast period.
Extensive usage of servo drives in motion controllers in F&B industry
The food and beverage industry for the most part makes its money on high volume production, and it is not surprising to find that OEMs are increasingly adding motion control to beverage machines ranging from cappers and fillers to cartoners, as well as to case packers. Utilizing servo drives, servo motors provide responsiveness, speed, reliability and flexibility, that brings machine builders and end users a competitive edge and fast return on investment.
Cartoning line is the weakest spot in product handling and loading. In the beverage industry, processes can run at up to 2000 cans/bottles per minute. In traditional machine, jamming conditions are painstaking, as the operator has to manually resynchronize and restart the process that can take much longer. This can lead to heavy financial losses, due to disruption in production. With automated shafting & synchronization, frequency of jams drops. If a problem arises, the operator just has to remove the jam and restart the machine and the motion picks up right where it left off at full production speed.
Servo drives with processing capability help simplifying maintenance and have intelligence to monitor hundreds of parameters. These drives can send an alert to maintenance when they need to be replaced. Replacement can be as simple as switching off the machine, removing the failed device, installing new smart cards and powering back up. Enhanced adoption of high-end technology drives to explore the untapped potential in F&B industry is estimated to expand the servo drive market over the forecast timespan.
Growing application in military and aerospace sector to increase servo drive industry share
Aerospace and military equipment need to be reliable and responsive when in the line of duty. Servo drives offer the defense industry far more flexibility in control, allowing for high-power capabilities in their devices and advanced precision, that results in high performance under extreme conditions.
Utilization of automated technology in military combat has dramatically increased over the last few decades, like installing 360 degree electro-optical sensors on vehicle systems for reliable and consistent motion on gun turrets. Defense and aerospace industries heavily rely on motion control applications.
Servo drives are being employed for other military applications, including remote operated vehicles, designed to disarm mines and perform dangerous exploration missions, so as to keep humans out of harm. Requirement of top-of-the-line servo drives in military sector for high responsiveness, reliability & performance will propel servo drives market outlook over the forecast period.
Servo motors are becoming indispensable in the modern industrial ecosystem where automation is the key to high volume production. Servo motors provide precise positioning and control besides offering unique advantages in the applications where they are utilized. Compared to their size, servo motors offer high output, increased torque-to-inertia ratios and high levels of efficiency. They are also gaining precedence of application due to cooler temperatures and quitter operations. Due to their wide-ranging applications, Global Market Insights estimates servo market size to surpass $10 billion by 2025.
Author Name : Aakriti Kakkar