How will the commercialization landscape of FACTS market change with the rising demand for grid modernization and the surging adoption of renewable energy?
The revenue graph of flexible AC transmission systems market is slated to remain rather exponential in the years to come, on account of the rising need for high-quality power across numerous applications. The demand for high-quality AC transmission of electric energy can be attributed to the need to improve controllability and enhance power transfer capability of the network. There are also several benefits to using flexible AC transmission systems such as increased quality of supply, increased stability as well as financial benefits.
Flexible AC Transmission Systems Market Size, By Configuration, 2018 & 2025 (USD Million)
Given the increasing adoption of various electrical components, the adoption graph of FACTS industry will continue to proliferate in the years to come. Transmissions are required to accommodate large weather-dependent shifts in production within widely dispersed sites of renewable energy generation, which are mostly linked to the main transmission grid. The growing requirement for premium and reliable transmission systems will thus drive the FACTS market.
Global warming will dramatically impact the demands pertaining to transmission systems whose architecture is inherited from an era of fossil fuel dominance. The industry will be characterized by a massive need to upgrade existing grid networks, particularly due to the increasing adoption of clean energy sources. The primary goal behind revamping grids is the flexibility to adapt to new technologies in the grid.
Grid modernization has become a catch-all phrase to refer to changes required in the power grid. Grid modernization always implies the growing application of new technologies that are enhancing the intelligence of the grid. Furthermore, as humanity becomes more dependent on the seamless flow of electricity, the vulnerability of the grid grows by the day. Failure of the system for prolonged durations could have serious consequences. Therefore, increasing efforts and spending toward grid modernization will also contribute toward the enhancing FACTS market share in the coming years.
The rapid adoption of renewable sources for electricity generation serves as another driving factor for the global industry. FACTS devices play a vital role in shifting bulk generation of power to remote areas from the present grid structure to raise the concentration of load-centered generation. Systems dominated by renewable sources will also require new means to bolster and stabilize AC networks without coordinating help from rotating generators.
Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/3182
Recently, the New York Independent System Operator approved new transmission projects, in order to meet the state’s clean energy standard, and help make the overall system more affordable and reliable. The project is anticipated to benefit the state’s electric consumers by allowing the provision of environmentally desirable power necessary to meet state energy goals. Projects like these have encouraged installers to direct their focus on restructuring the present electrical infrastructure, which has led to an immense surge in the demand for flexible AC transmission systems. Hence, the rising adoption of renewable energy networks will favor the global FACTS industry outlook over the coming years.
The system’s ability to prevent unbalanced loads, voltage fluctuations as well as fluctuations in power will also help contribute substantially toward the industry expansion. Natural disasters often end up destroying poles, grids, transmission lines and transformers leaving millions of people without power. However, installations of FACTS safeguard the system and enhance the operational life of the entire electric network.
For example, in 2017, when hurricane Maria hit America’s territory in the Caribbean, it left millions without power for weeks. Given ongoing outages and the region’s deferred maintenance, the island is set to rebuild a new grid based on a resilient and cleaner model. Recently, the island also pledged to reach 100% renewable energy by 2050 and link new sources of clean energy and microgrids to the main power system. Expansion or upgradation of grid networks in a bid to safeguard the system and enhance the operational life of electric infrastructure will thus boost the global FACTS market share over the coming years.
The global flexible AC transmission systems industry is bound to receive considerable momentum from the paradigm shift observed in the power transmission industry. As per a research report by Global Market Insights, Inc., FACTS market size would exceed $2.5 billion by the end of 2025.
Author Name : Krithika Krishnan
Europe Biogas Market to witness major gains via commercial & industrial applications over 2017-2024, Germany to majorly contribute toward the regional growth
The shifting trends toward the anaerobic digestion of organic wastes and generation of energy from biogas are all set to impel biogas market in Europe. Having garnered a reputation of making substantial contributions toward the maintenance of green environment & energy conservation, biogas has found immense penetration across the food & beverages, waste-to-energy, power, and technology industries. Regional governments in Europe are encouraging the use of biogas across the region by providing tax benefits, feed-in-tariffs, and rebates to the end-users. Earlier this year, Germany has announced its goal of lowering carbon emissions by 40% till 2020 and by 95% up to 2050. It has been projected that renewable energy would account for 60% of the country’s overall energy consumption by 2050, thereby creating a favorable growth path for the country in Europe biogas market. Biogas power stations have also accounted for a major portion of Germany’s bio energy industry. The region possessed nearly 8900 of biogas power stations in 2015, which is another positive indicator that Europe biogas market would accrue lucrative gains in the ensuing years.
Germany Biogas Market Size, By Feedstock, 2016 & 2024 (USD Million)
Firms such as Geotech and Ansyco have firmly established their presence across Europe biogas market through the launch of novel gas analysis technologies. Recently, in a bid to expand their product portfolios, both the firms have collaborated to develop an innovative system referred as BIOGAS 3000 capable of effectively & constantly monitoring and analyzing of biogas production processes. In an important breakthrough witnessed across the biogas industry in Europe, DuPont and Bock UK Limited have also made a strategic pact that will help the latter depict DuPont’s new biogas enzyme technology referred as OPTIMASH® AD-100 for its commercial sale across the U.K, which would certainly augment Europe biogas market.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2070
Biogas is inherently deployed across the residential, industrial, and commercial arenas. The mounting demand for power supply, environmental awareness, and the rising preference for renewable energy sources have resulted in commendable demand & large-scale deployment of biogas manufacturing plants in Europe. As per estimates, biogas applications across the industrial sector in Europe will surpass an annual installation of 600 MW by 2024. The escalating requirement for low-power & cost-efficient technologies for treating biodegradable wastes is slated to impel Europe biogas market from commercial applications.
With the rising trend of using sustainable energy across the continent, Europe biogas industry is expected to have bright growth prospects in the ensuing years. Effective government measures such as providing tax concessions and rewards for the biogas applications are expected to impel the growth of this business sphere in Austria, which would considerably augment the revenue graph of Europe biogas market as well. Germany, on the other hand, is expected to surpass 300 MW by 2024, subject to the rising need for curbing carbon emissions and maintaining a green environment. The numerous efforts undertaken by member countries are certain to stimulate the growth of Europe biogas industry.
Rising economies of scale are expected to encourage companies to make heavy investments across Europe biogas industry. With the continent touted to be the hub for renewable energy in the future, it comes as no surprise to note that Europe biogas market has been forecast to surpass a revenue of USD 2 billion by 2024.
Author Name : Dhananjay Punekar
U.S. commercial boiler market to be strongly characterized by energy sustainability trends, annual installations to surpass 80,000 units by 2024
Shifting preference toward energy efficient boilers for carbon footprints abatement is providing a significant impetus to U.S. commercial boiler market outlook. Add to it, mandatory roll outs in the country for the reduction of the hazardous gas emissions is further encouraging the end use industries to rapidly deploy these energy efficient commercial boilers. EPA, for instance, has recently initiated NESHAP (National Emission Standards for Hazardous Air Pollutants) to govern carbon emissions across commercial and industrial sectors. In tandem with the regulatory framework, technological interference has also played a major role in influencing the overall U.S. commercial boiler market dynamics. Building automation systems, boiler to boiler communication, and remote diagnostics are some of the novel technologies that have immensely complemented the product landscape. Driven by such affluent advancement pipeline, the U.S. commercial boiler market stood at USD 3,000 million in 2017.
East South Central Commercial Boiler Market size, By Capacity, 2016 & 2024 (USD Million)
The remarkable expansion of U.S. commercial boiler market can be majorly credited to the country’s growing investment in healthcare and educational sectors. In 2016, U.S. registered a healthcare expenditure of USD 3 trillion, which was almost 17% of the nation’s GDP. The widening scope of potential healthcare applications ranging from space and water heating in hospitals to equipment sterilization indeed has increased the U.S. commercial boiler market demand. According to the Centers for Medicare & Medicaid Services (CMS), approximate healthcare spending in the U.S. in 2016 was USD 10,000 per person – a data bearing testimony to the strong stance the healthcare application holds in the regional landscape. The region further being swayed by cold climate further provides a slew of opportunities to the commercial boiler industry players. For the record, North Dakota, Minnesota, South Dakota, Alaska have been touted as the coldest regions in the U.S. with recorded average winter temperature of up to 12°F.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1564
Elaborating further on the application landscape, the commercial infrastructure development, particularly the office sector is significantly driving the commercial boiler market demand in the U.S. As per estimates, the U.S. commercial boiler industry share from office applications was recorded at USD 700 million in 2017. With the go-green notion encompassing the infrastructure domain, this application is set to garner lucrative proceeds in the ensuing years. Ohio stands as a major beneficiary of the growing trend of energy efficient buildings. From 2014-2015, Ohio’s construction sector witnessed a surge of 6%. The overall Ohio commercial boiler industry share is forecast to exceed USD 150 million by 2024.
In terms of the fuel prevalence across U.S. commercial boiler industry, natural gas-based boilers have garnered immense traction, primarily owing to their low emission rates and superior efficiency. As per reliable data, natural gas is touted as one of the chief fuels in the commercial sector with more than 3,177,099 million cubic feet recorded consumption in 2017. In terms of the profitability potential of these boilers, the gas fired U.S. commercial boiler industry is projected to surpass USD 3 billion by 2024. The demand for oil fired boilers is anticipated to be sluggish with a target CAGR of 2% over 2018-2024, on account of low efficiency and high emission rates.
Regionally, Florida, Virginia, Texas, and Delaware are the four major significant geographies that display a strong contendership in the U.S. commercial boiler market. Florida had a notable contribution toward the overall industry share in 2017 and is anticipated to surpass an annual installation of 1500 units by 2024. Robust development in the medical and tourism sectors is chiefly stimulating the regional growth. Texas commercial boiler market is also projected to generate a substantial momentum in the overall landscape, having procured 50% of the West South Central commercial boiler industry share in 2017.
All in all, the U.S. commercial boiler market has been undergoing a radical transformation over the recent years. With the resurgence of commercial sector and rising and unstoppable notion of go-green capturing the entire business fraternity, commercial boiler industry is set to emerge as one of the most affluent verticals of the energy cosmos. The fraternity is forecast to surpass a revenue of USD 3.5 billion by 2024.
Author Name :Satarupa De
APAC surface mining equipment market to witness the fastest growth to 2022, China to majorly drive the demand
Surface Mining Equipment Market is continuously evolving with the involvement of new technologies in the mining process which are making the operations more safe, efficient, and user-friendly. Over the past decade, the mining industry has seen innumerable changes addressing the need of cost mines with high production and low operating cost. Increasing proliferation of sophisticated equipment especially in emerging nations that offer precision as well as time efficiency in the mining process have augmented the overall market growth. As per a report by Global Market Insights, Inc., “Surface mining equipment industry is slated to exceed USD 28 billion by 2022, with 3.6% CAGR projection over the period of 2015-2022.”
U.S. surface mining equipment market size, by technique, 2012-2022 (USD Billion)
Considering the various techniques that are implemented in the mining process, open pit surface mining equipment market is gaining a huge popularity. The fact can be credited to the increasing demand for diamond, Sishen, and Palabora copper ore across the world. These metallic ores are mainly excavated by open pit mining. It accounted for almost 31% of the overall industry share in 2014 and is forecast to collect USD 9.31 billion by 2022. Surface mining equipment industry from strip mining is also expected to grow substantially at an annual rate of 3.5% over 2015-2022, with a revenue projection of USD 12 billion by 2022.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/125
Overall metallic ore excavation covered a major portion (45%) of the overall surface mining equipment market in 2014. With the rising demand for metal ores like gold silver, zinc, and chromium globally, this sector is projected to record a revenue of USD 13 billion by 2022. Non-metallic ore extraction based market will also chart a profitable growth trajectory. As per an estimation, this sector is anticipated to cover 30% of the overall surface mining equipment industry by 2022. Salt, lime, and phosphate are the three-main products, that are thriving the non-metallic ore extraction market share.
Asia Pacific surface mining equipment market is highly influenced by the growing metal and coal mining activities across the belt. Heavy demand for metallic ore extraction and high mineral consumption for domestic purposes are the two major factors that are allowing APAC to stand as one of the prominent players in the global market. With India and China at the growth forefront, APAC industry is set to register the highest growth at an annual rate of over 4% over the coming five years. North America dominated by U.S. surface mining market is also anticipated to cover a lucrative share of the overall industry, by accounting for a revenue of USD 7 billion by 2022.
Technological interventions in the surface mining equipment market have resulted in maximum exploitation of mines and have also catered selective mining processes which enables high-quality extraction. The ability of these hi-tech equipment to improve the surface stability by involving less vibration, noise, and dust in the process is making the market demand high. However, lack of skilled professionals along with health hazards associated with the process is expected to negatively affect the growth curve of the industry. Nonetheless, increasing global demand for gold, diamond, iron ore, coal will drive the surface mining equipment industry share in the years ahead.
Key players of surface mining equipment market include Vale S.A, BHP Billiton, Rio Tinto, Anglo American, Barrick Gold, Freeport-McMoran, and Goldcorp.
Author Name :Satarupa De
A regional synopsis of industrial gas turbine market: U.S. to emerge as a highly viable regional contender
The rising demand for electricity coupled with the shift of preference toward gas fired technologies will expedite industrial gas turbine market over the coming years. These turbines are inherently internal combustion engines which fire an air & fuel mixture to generate hot gases, that are used heavily across the power generation, manufacturing, and O&G sectors. Governmental concerns with regards to the harmful GHG emission effects from coal fired plants is also forecast to propel the expansion of industrial gas turbine market.
U.S. Industrial Gas Turbine Market Size, By Capacity (USD Million)
Of late, regional governments have been striving to make noteworthy financial contributions toward the manufacturing of new gas-fired generation facilities that will propel industrial gas turbine industry trends. For instance, in 2017, the U.S. regulatory bodies approved a plan by Xcel Energy for replacing its 680 MW coal fired plant with a 786 MW gas fired power station. Such consistent efforts by government entities and other regulatory organizations is likely to positively impact global industrial gas turbine market.
Unveiling China industrial gas turbine market trends
Reduction in GHG emissions is one of the principal factors that would expedite industrial gas turbine market across major geographies across the globe. China specifically, is one of the most profitable growth grounds for the expansion of this industry. In 2016, the nation of China introduced a new set of action plans aimed at reducing GHG emission levels to 18% by 2020. In fact, the supportive regulatory landscape of the country has been instrumental in aiding the growth of the regional industrial gas turbine market. The nation’s government has been striving toward the development of huge, lucrative gas fired power projects as well as clean energy integration.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/272
Prominent global manufacturers have lately been shifting their focus toward expansion across China, primarily owing to the surge in demand and a supportive statutory regime. The renowned Siemens for example, in 2018, obtained supply orders for two of its H-class gas turbines for the CHD Guangzhou Zengcheng project.
How the United States has emerged as a pivotal avenue for industrial gas turbine market
The U.S. is another avenue that would expedite the industrial gas turbine market across the globe. The U.S. Federal Government apparently has plans to reduce GHG emission levels to 28% by 2025. Furthermore, the region is a powerhouse of research & development programs that demand a slew of investments from the government. Additionally, the deployment of combined cycle generation systems has been gaining precedence, which would further impact the product demand in the nation. According to the ICF International, turbines manufactured by the U.S. companies in the year 2016, contributed to more than 70% of the working natural gas-fired combined cycle projects in the country. Driven by a supportive regulatory framework and the plethora of R&D programs in gas turbine technology, U.S. industrial gas turbine market is expected to exceed an annual installation of 3 GW by 2024.
Major players in global industrial gas turbine market include Man Diesel & Turbo, Mitsubishi Hitachi Power Systems, Kawasaki Heavy Industries, Ansaldo Energia, Bharat Heavy Electricals Limited, General Electric, Zorya-Mashproekt, NPO Saturn, Vericor Power Systems, Siemens, Cryostar, Capstone Turbine, Harbin Electric, and Opra Turbines.
Major industry players have been working to expand their presence across the globe. Pricing still remains a major factor considering business expansion, on account of which huge corporations tend to adopt myriad inorganic strategies to consolidate their position in the market.
Private bodies and government entities have also been making major investments in order to replace traditional systems with high-grade systems, owing to the latter’s improved power to weight ratio, high power rating, and compact size. Also rising number of investments toward shale gas exploration activities will impel industrial gas turbine market size, which will surpass 20 GW By 2024.
Author Name :Saipriya Iyer
Global geothermal heat pump market players to tap growth opportunities in Europe and North America, closed loop products to gain precedence over 2018-2024
Increasing demand for renewable and cost effective energy solutions is providing geothermal heat pump market a strong business ground to expand in the coming years. Fluctuating crude oil prices have resulted in a shift in consumer trend toward stable energy solutions such as geothermal heat pumps. The regional governments have played the role of a catalyzer in the growth chart of the industry over the past few years. Initiatives which include financial supports, federal income tax credits, rebates, subsidies, renewable heat incentives have encouraged the adoption of non-conventional energy sources, which otherwise catered geothermal heat pump industry share.
Sweden GHP Market Size, By Product, 2017 & 2024 (USD Million)
Cost effectivity, seasonal flexibility, eco-friendliness, and minimal maintenance cost are some of the attributes that make geothermal heat pump market one of the fastest growing renewable energy based industries. Unique ability to use underground temperature as a heat exchanging medium for both heating and cooling purposes is expected to boost the industry growth in the years ahead. However, expensive installation of these heat pumps is somewhat acting as a deterrent in the growth curve. In order to mitigate this issue, key players of the market are heavily investing in research activities to minimize the manufacturing cost of geothermal heat pumps.
Closed loop products are expected to gain massive traction in the overall geothermal heat pump industry. These systems can be installed either vertically or horizontally depending on the size of the plot. Minimal maintenance and operational cost, superior reliability, higher efficiency, and flexibility make it the most suitable choice for the investors. Vertical installation gains a popularity over horizontal one due to its less space requirement. As per the estimates, closed loop geothermal heat pump industry is slated to carve an appreciable growth chart over 2018-2024. On the other hand, low installation cost and comparatively less heat transfer make the market demand high for open loop installation.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/370
Geographically, North America and Europe have a strong foothold in the global geothermal heat pump market. Several beneficial initiatives taken by the U.S Government and European Union to promote the adoption of renewable energy resources for daily usage, is chalking a profitable road map for these geothermal heat pump markets. For instance, in 2030 climate and energy framework, EU underlined a target of reducing greenhouse gas emissions up to 47% within a period of 13 years. It also projected that by 2030, renewable energy utilization will cover 27% of the total consumption.
Germany has been touted to be one of the major revenue contributors for the Europe geothermal market. Indeed, the nation announced to invest over USD 250 billion in the country’s geothermal heat pump infrastructure. The U.S. geothermal heat pump market which accounts for a major portion of the North America industry, is projected to accumulate hefty proceeds by the end of 2024. This can essentially be attributed to the ever-increasing expenditure in the construction of single house buildings across the regions of the Northeast and Midwest U.S. In addition, the availability of consistent shallow ground temperature will also help expedite the U.S. geothermal heat pump market share.
Furthermore, the North America geothermal heat pump market is also expected to be supported by the government measures that are being undertaken to increase the adoption of renewable energy sources and reduce the carbon footprints across the continent. Indeed, the regional governments have been proactive enough to introduce tax credits and rebates in order to encourage the penetration of geothermal energy heat pumps.
The global geothermal heat pump market is fragmented with players pacing toward moves such as strategic collaborations and regional expansion to sustain the competition. Prominent geothermal heat pump industry participants include Kensa Heat Pumps, NIBE, Robert Bosch, Finn Geotherm, Glen Dimplex, and Stiebel Eltron.
Author Name :Saipriya Iyer
Europe industrial emission control systems market to register significant gains over 2016-2024, Germany to the key revenue contributor
Rising efforts by global regulatory bodies to implement pollution control technologies will expedite Industrial Emission Control Systems Market size over the next few years. Of late, the world has witnessed a tremendous rise in pollution levels and carbon emissions, subject to which the governments of various countries have enforced numerous regulations that need to be followed by power plants, manufacturing firms, and other industries. These companies are now installing emission control technologies to reduce pollution and contribute to saving the environment, which will significantly propel industrial emission control systems industry.
The rapid surge of industrialization across regions such as APAC and MEA will lead to an increase in the demand for emission control systems, pertaining to the large presence of power plants and chemical factories. This requirement will help fuel industrial emission control systems market across these regions. These systems help control the emissions of harmful pollutants such as nitrogen oxide compounds, Sulphur oxide compounds, and volatile organic compounds, and find huge applications across the chemical & petrochemical, metal, cement, manufacturing, and power generation sectors.
U.S. Industrial Emission Control Systems Market Size, By Device 2013-2024 (USD Billion)
Undoubtedly, power plants are a major source of pollutant emissions – harmful gases, solid toxic particulates, acidic streams, and vapors emitted from these plants have harmed the global environment to no end. Subject to the restrictions mandated by the government regarding pollutant emissions, these plants are increasingly deploying emission control systems at their worksites. Industrial emission control systems industry size from power plant applications was worth more than USD 5 billion in 2015 and is anticipated to grow at a CAGR of 6% over 2016-2024.
In a bid to meet the growing demands for electricity, China has established numerous power plants across the country, subject to which the demand for emission control systems in the region is significantly high, especially from power generation companies. China industrial emission control systems market size from power plants may cross USD 1 billion by 2024, pertaining to the rapid industrialization and growing requirement for electricity.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/846
Electrostatic precipitators, one of most prominent devices of industrial emission control systems industry, are used to thoroughly remove solid pollutant particulates. They are widely deployed across the power generation, chemical, and steel sectors, owing to which Electrostatic Precipitator Market is anticipated to earn a significant revenue over the next few years, subject to their superior properties. Industrial emission control systems industry size from electrostatic precipitators will observe a CAGR of 6% over 2016-2024. These devices are heavily implemented in Germany, especially across the growing manufacturing sector of the country, to absorb pollutants and control carbon emissions. Subject to this factor, Germany industrial emission control systems market size from electrostatic precipitators was worth USD 242.88 million in 2015, and is projected to grow at a rate of 7% over 2016-2024.
Germany will be a key contributor toward Europe industrial emission control systems industry share, and will register a notable CAGR of 8% over 2016 to 2024. France industrial emission control systems market will also contribute significantly toward the regional growth, and will register a CAGR of more than 9% over 2016-2024, owing to the vast number of power projects and high economic growth of the region. Spain and Italy are touted to be other regional contributors.
Having held a share of more than 15% of the overall industrial emission control systems industry, absorbers are used to remove heavily toxic gases. These devices are heavily deployed across chemical factories, which will impel industrial emission control systems market share from chemical & petrochemical applications. Companies have been striving to integrate these devices with high grade technology to reduce its cost and improve its efficiency. Subject to this factor, industrial emission control systems industry from absorbers will surpass a revenue of more than USD 4 billion by 2024, growing at an annual growth rate of more than 8% over 2016-2024.
Absorbers are deployed across the cement sector as well, subject to their superior toxic pollutant removal properties. Industrial emission control systems market size from cement applications was worth more than USD 1.5 billion in 2015 and is projected to observe a heavy growth, owing to the rapidly developing construction sector across the globe. Additionally, these systems are particularly in demand across China, subject to the development of the construction sector in the region and favorable norms regarding emissions, which will impel China industrial emission control systems industry from cement applications.
Scrubbers help wash away the toxic Sulphur oxide compounds from wet & dry flue gas desulfurization plants. Having held more than 15% of the overall industrial emission control systems market share in 2015, scrubbers will be in high demand across the MEA region. Bearing testimony to this fact are the following statistics – Saudi Arabia industrial emission control systems industry share from scrubbers was USD 44.01 million in 2015, and it is expected to grow at a CAGR of 5.3% over 2016-2024. Similarly, Belarus industrial emission control systems market size from scrubbers is expected to cross USD 40 million by 2024, with a y-o-y growth rate of 11% over 2016-2024. The rapid expansion of the industrial sector coupled with the increasing number of power plants will expedite the growth in these regions.
Catalytic systems, another critical product of industrial emission control systems industry find applications across the oil & gas sectors and are predicted to cross revenue of more than USD 6 billion by 2024. High demand from oil refineries and petrochemical factories will also foster the growth of Stationary Catalytic Systems Market, anticipated to grow at a CAGR of 6% over 2016-2024.
Industrial emission control systems industry size from metal applications was worth more than USD 1 billion in 2015 and will observe gains of more than 8% over 2016-2024, subject to the product’s widespread usage for absorbing metal fumes and toxic gases.
Brazil, one of the key emerging economies, has been observing surge in its oil & gas exploration and mining activities. Subject to this fact, Brazil industrial emission control systems market will grow remarkably at a CAGR of 8% over the years ahead. Chile, another prominent region of South America industrial emission control systems industry, will also cross a valuation of USD 200 million by 2024.
The United States will witness a huge demand for all the products of industrial emission control systems market, owing to the fact that the region has observed a consistent growth across the power, cement, metal, and chemicals sectors. In addition, the presence of a vast number of market players and their efforts to innovate new technologies to reduce emissions will boost U.S. industrial emission control systems industry share, which is anticipated to cross a valuation of more than USD 2 billion by 2024.
Subject to the rising construction sector in the region, the cement factories here heavily demand the deployment of absorbers. Pertaining to this factor, U.S. industrial emission control systems market share from absorbers was more than USD 250 million in 2015, and is expected to grow at a rate of 7% over 2016-2024.
Major companies have been engaging in growth strategies to research and develop highly advanced, technologically innovative, and extremely efficient emission control systems. Key participants operating in global industrial emission control systems industry include Mitsubishi Hitachi Power Systems, Fujian Longking Co., Ducon Technologies, Babcock & Wilcox Enterprises, Thermax Ltd., BASF, Auburn Systems, General Electric Company, Johnson Matthey, Hamon Corporation, CECO Environmental Corp., Amec Foster Wheeler, APC Technologies, and Air Clean LLC.
Author Name :Saipriya Iyer
Europe district heating market to observe substantial gains over 2018-2024, stringent energy sustainability protocols to drive the regional demand
Touted as offering one of the most reliable and eco-friendly heat delivery methods, the district heating market allows the flexibility to tap into multiple sources for generating heat, including renewable energy, and supply it to residences as well as commercial spaces. Government mandates across all the regions are indicative of the efforts to reduce the use of energy sources which emanate high ratios of green house gases and adopt alternatives with low CO2 emissions. The district heating industry segment has evolved to supply heating that is more efficient as compared to traditional systems and more pocket-friendly than having individual boilers. Further, the worldwide upsurge in energy demand alongside the massive urbanization and industrial development being observed will stimulate the expansion of district heating market.
Denmark District Heating Market Size, By Source, 2017 & 2024 (USD Billion)
With the potential to achieve considerable reduction in energy wastage and bills for consumers, the district heating market reached an estimated valuation of over USD 180 billion in 2017. The facility to incorporate diverse energy sources into a centralized heat generation and distribution network has presented vast opportunities for governments to decarbonize heat sources in the long run. Such a network can be supplied with surplus energy from power plants, industrial processes, waste management facilities, geothermal sources and gas-based or biogas fueled CHP units. Consequently, a large quantity of valuable energy will not be lost without cause and can be used to generate heat for utilization in homes and businesses. Even unused energy obtained from sustainable sources like wind or solar installations can now be routed to a district heating facility. In addition, not being dependent on a solitary heat source will ensure substantial reliability and service continuity, a key factor in the impulsion of the district heating market.
To outline the present scenario of the district heating industry, U.K. is a prominent region having a magnitude of facilities set up to supply cost-effective, environment-friendly and quick heating services. As per records, there are more than 17,000 heat networks in the U.K., with approx. 91% located in England and 6% in Scotland. Governments in the U.K. are ramping up efforts to encourage the district heating market, with a latest example being the Glenrothes Energy Network in the Glenrothes town of Scotland.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1401
Providing further details regarding the Glenrothes Energy Network project, it is a GBP 24 million (USD 31.72 million) community heating scheme being developed with the collaboration of Fife council, RWE and the Scottish government. The Fife Council had revealed its target to reduce carbon emissions by 42% by 2020, and the new heat network will help in attaining that mark. The energy center will be using heat sourced from RWE’s biomass CHP plant in Markinch, for supplying low-carbon heating to commercial establishments and households in the area. It is slated to lower utility bills, avoid fuel poverty and contribute towards climate change. The plant is fueled by wood waste and generates up to 53MW electricity along with heat. The Glenrothes Energy Network represents the lucrative prospects of CHP based district heating market, which is expected to grow with a rate of over 4% over 2018-2024.
Moving to the district heating industry in Europe, Denmark is a leading contributor to renewable energy development and district heating processes. The country had introduced the Heating Supply Act under which substitution of traditional heating systems with new district heating systems was made obligatory for upcoming buildings. It was reported that over 63% residential population used district heating in 2017. Elaborating Denmark’s accomplishments in the field, the Smørum Kraftvarme power plant in Smørum gave a contract to Aalborg CSP in 2017, to build an 8MW solar field spanning an area of 11,312m2 and capable of producing 5,568MWh of heat annually. The solar plant will undercut carbon emissions by at least 1,100 tons per year and give a significant boost to the district heating capabilities of Denmark, which already has multiple heat networks across its kingdom. Several government aided schemes to propagate the importance of a centralized heating system in other parts of Europe are certain to bolster the Europe district heating market share in the coming years.
To summarize, the characteristics that give the district heating industry a distinctive advantage are economies of scale, harness of waste energy, low cost operations and the capacity to reach a large number of consumers. The competitive landscape of the district heating market consists of eminent players like RWE AG, Fortum, NRG Energy, Dong energy, Hafslund, among others that offer comprehensive heating solutions for communities and businesses.
Author Name : Pankaj Singh
U.S. power and control cable market to generate a sizable revenue by 2024, high demand from industrial applications to stimulate the regional growth
Power and control cable market is anticipated to generate profitable gains over the years ahead, owing to the high product demand to create an efficient electric grid and communication network. To reduce the dependency on non-renewable energy sources, the world is treading toward the adoption of renewable and sustainable energy. Favorable government support and initiations taken by countries across the globe to replace old transmission systems will influence power and control cable industry size significantly. According to Global Market Insights, Inc., “Power and Control Cable Market collected a revenue of USD 80 billion in 2016 and will register an annual growth rate of more than 9% over the coming years of 2017 to 2024.”
Russia Power And Control Cable Market, By Voltage, 2016 (USD Billion)
Taking into account the product landscape, power and control cable market primarily comprises control cables and power cables. Power cable dominated the product segment by covering more than 80% of the total revenue share in 2016 and will exhibit noticeable growth rate over the coming seven years. The increasing usage of this product for various grid integration and infrastructure projects will generate noticeable revenue.
Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1502
The industrial and utility sectors are the prominent applications of power and control cable market. Industrial application segment is anticipated to record a CAGR of more than 8% over the years ahead. Growing industrialization along with the surging requirement for electricity will augment the industry growth. The utility application will surpass a revenue collection of USD 90 billion by 2024, owing to the surging installation of low voltage distribution substation to fulfill the energy requirement.
Based on the voltage, power and control cable market is mainly divided into low voltage (LV), medium voltage (MV), and high voltage (HV). Low voltage power and control cable market is slated to register an annual growth rate of more than 9% over the period of 2017 to 2024. The prominent usage of this product across the small-scale manufacturing units and the residential sector will fuel the demand for the product notably. Shifting trends toward the adoption of renewable energy to fulfill the huge requirement of electricity will also impact power and control cable market size significantly.
Considering the regional landscape, China power and control cable market covered more than 40% of the revenue share of APAC region in 2016 and will register a noticeable growth rate over the coming seven years. China is investing heavily to expand its electric grid capacity. The State Grid Corporation of China planned to invest USD 350 billion in the expansion and upgradation of their grid infrastructure. In addition to this, the surging requirement of sustainable energy will also influence the regional power and control cable industry share significantly.
MEA power and control cable market will exhibit an annual growth rate of more than 7% over the period of 2017 to 2024. The growth can be attributed to the escalating investments in the renovation activities across the war affected regions such as Syria.
U.S. power and control cable industry size is predicted to record a CAGR of more than 6% over the coming years of 2017 to 2024. High investments in UHV and EHV network development will stimulate the product demand considerably. Moreover, implementation of regulations regarding the replacement of old electric boards and systems along with the development of micro-grids will propel power and control cable market size.
The noteworthy business players in power and control cable market are Nexans, LS Cable & System, The Furukawa Electric Co., Ltd., Prysmian Group, General Cable, Polycab, Sumitomo Electric Industries, Havells, Southwire, and CMI Limited.
Author Name :Sunil Hebbalkar