Competitive Analysis And Report

Asia Pacific to emerge as a lucrative ground for marine propulsion engine market over 2016-2024

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Growing demand for operationally consistent and fuel efficient ships is expected to increase global marine propulsion engine market size over the coming years. Increasing use of renewable sources of energy such as wind energy, solar energy etc., for enhancing efficiency and reducing carbon emissions is projected to promote industry growth in near future. According to Global Market Insights, Inc., “Marine Propulsion Engine market size worth USD 9 billion in 2015, is anticipated to reach USD 13.3 billion by 2024, registering a CAGR of 4.3% over 2016-2024.” High emphasis on improving diesel engine capacity of the ships with large cargo carrying capability is predicted to boost the industry trends over the next few years. Today, shipping industry is largely focusing on developing new type of electric motors which will improve fuel efficiency and reduce environmental pollution.

Europe Marine Propulsion Engine Market size, by product, 2013-2024 (USD Million)

Europe Marine Propulsion Engine Market size, by product, 2013-2024 (USD Million)

Major marine propulsion engine products include natural gas, diesel, fuel cell, steam turbine, wind & solar, and gas turbine engines. Wind & solar marine propulsion engine market, which contributed over 3.5 % of the overall revenue in 2015, is expected to grow at a rate of 5.9% over 2016-2024. The growth can be credited to favorable government policies supporting the product applications in shipping industry due to its eco-friendly nature. Diesel propulsion engine market price worth USD 6 billion in 2015, is expected to register a CAGR of 4.2% over the coming eight years.

The growth can be attributed to rapid advancements in various technologies such as fuel injection technology, firing pressures, brake mean effective pressure, and turbo charging efficiency. Gas turbine propulsion market share worth USD 900 million in 2015, is anticipated to witness a high surge over 2016-2024 due to accelerated sprint operation mode provided by these turbines. They also find extensive applications in naval and defense sectors.  Fuel cell propulsion market is predicted to witness a substantial growth over the coming years as the product offers high growth potential for ship impulsion and can boost the performance of low-powered auxiliary impulsion machinery. Furthermore, high demand for electric transmission is predicted to increase the use of fuel cells over the next few years.

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Asia Pacific marine propulsion market size worth USD 4.5 billion in 2015, is predicted to record substantial gains of 4.8% over 2016-2024 owing to heavy investments by private players as well as the government.  South Korea and China are predicted to make significant contributions to the regional share over the coming years.

North America market is expected to witness a significant growth over the coming eight years owing to the large use of LNG as a marine or ship fuel. U.S. is predicted to be a key revenue contributor of the region.

Rapid innovation in the market is expected to lead to the development of more strong and energy efficient products. Leading market players are constantly spending on R& D activities to increase their product portfolio and enhance ship capacity & handling needs. They will try to enhance their reputation and brand visibility by developing eco-friendly, sustainable, cost-effective, efficient, and viable solutions. Key industry participants include Yamaha Motor Company, Rolls-Royce, Exxon Mobil Corporation, Wärtsilä, Cummins Corporation, Shell Global, Idemitsu Kosan Company, MAN Diesel & Turbo, Mitsubishi Motors, Volvo Penta Company, Hydraulic Marine Systems Inc, Caterpillar Inc., Sinopec Company, and Hydrosta BV Company.

Author NameDhananjay Punekar

New software program can enhance utility of small hydropower in growing economies

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Researchers at Oregon State University have developed a new software program that users anywhere across the globe can use to check the small hydropower potential of a river stream. This can prove to be the best alternative for generating electricity that can help to resolve the power supply problem of developing nations.

This program is user-friendly and does not need data inaccessible in remote places. It can consider small hydropower potential in future owing to predicted climatic shifts and overflow of river streams. According to Oregon State University experts, organizations interested in the production of small hydropower can measure small hydropower potential and perfectly estimate its capability of fulfilling its present and future power requirements.

These kinds of small hydropower developments on running river streams have a great significance for remote places as well as hilly areas where the power supply is either unavailable or insufficient. There are few regions in the northern region of Pakistan where half of rural homes do not get the power supply. Cost-effective software programs as these can help the authorities to check small hydropower potential in order to generate power. The main strength of the software program is that it is user-friendly and accurate even though it operates with limited information.

This innovative software program was tested at 5MW small hydropower facility constructed in the early eighties on Falls Creek in the main Cascade Range of Oregon. At this location, it anticipated that future weather shifts will change its maximum power production from spring season to winter season and the yearly hydropower potential would diminish to certain extent owing to the climatic conditions prevailing during the period of 1980 to 2010.

According to researchers, small hydropower is popular as it can be produced by using elementary and inexpensive technology and does not need large reservoirs or dams to operate. Although all kinds of power have few ecological effects, small hydropower has a low impact on stream ecosystems and fisheries industry than key hydroelectric dams. It is also renewable and does not add to the greenhouse effect.

The technology is influenced by the seasonal fluctuation of flow of the river stream and the height from which the water drops down. If proper regulations are implemented to maintain minimal river-stream flow, it can help minimize ecological impacts.

As per Oregon researchers, most of the previous software programs used to evaluate or check particular locations for their small hydropower potential were unable to measure the effects of future atmospheric changes and relied more on the information not available in emerging economies.

This new free open source software program will help scientists, engineers and policy makers all across the globe to take correct decisions related to small hydropower growth and investments. All these factors are predicted to boost the demand and growth of the global small hydropower market.

It will also encourage more research in the field of small hydropower technology and will help in addressing power supply problems of the developing nations. As per Global Market Insights report, the global industry is predicted to record a CAGR of more than 2.6% during by end of 2024.

Author NameDhananjay Punekar

New substance to transform waterproofing industry

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Researchers at Australian National University have created a new spray on substance with a great ability to repel water. The new protective coating surface can be utilized to waterproof mobiles, protect boat hulls from rusting and prevent ice formation on airplanes.The surface is a nanoparticle layer that slides off the water as if it is a hot barbecue. The research team developed a much stronger coating layer than former materials by blending two plastics, one flexible and another strong. It is just like two intertwined fishing nets which are made up of diverse materials.

This superhydrophobic coating which repels water is also transparent and ultraviolet radiation resistant. According to leading researcher Antonio Tricoli, this new substance can change our way of interacting with liquids. The main breakthrough in this transparent coating layer is that it has the ability to steady very delicate nanomaterials leading to ultra -robust Nano textures with many real world uses.

The team of researchers created two methods of developing the substance, both of them are cost effective and easy to produce than established methods of production. One technique makes use of a flame to produce nanoparticle ingredients of the substance. For low-temperature applications, the research team liquefied two parts in a sprayable form.

According to Mr. Wong, a Ph.D. student from nanotechnology research lab of Australian National University, in addition to waterproofing property, the surface possesses the ability to regulate substance properties and can be applied to broad range of various other coatings.

Today, many of functional coatings are not so strong but the principles applied to develop this coating surface can be applied to robust coatings to make them oil-repellent, anti-corrosive and self-cleaning.

All these factors will promote more such research in this field. This, in turn, will lead to the growth of waterproofing membrane market. As per the Global Market Insights report, the global waterproofing membrane market is projected to record a CAGR of 6.7% and touch 3.24 billion square meters by end of 2022.

Author NameDhananjay Punekar

Australian aboriginal community life transformed due to diesel generators replacement with solar panels

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In spite of possessing 170 square kilometers of land in the east of Tennant creek in Australia and a large amount of money in bank account, it was not affordable for Munungurra Aboriginal Corporation members to live in their country of birth and origin. The cost of providing power to a remote place prevented them to build an economy for their community.The corporation had no water and power supply as they were not on the grid and so they had to pay for two diesel generators to provide power supply to two tiny communities named as the aboriginal community and the Torres strait islanders community.

According to Mr. Graeme Smith, chief executive of Corporation, though these two generators provided people with reliable power supply, one generator was mostly occupied or utilized by two houses from among eight houses and the corporation had to pay $601 to $701 for the diesel.

As the people of the community had no employment, they could not afford to pay for diesel. So they lived in the town, looked after their children at school, got homes in the town and just went on the dole. So the corporation decided to lease a solar power system at a price higher than $200,001 from a government funded organization named indigenous business Australia that protects & promotes the economic interests of the aboriginal community as well as Torres Strait islander community.

Within 3 months of replacing diesel generator with solar power system brought huge financial and social benefits for the community. Its expenses were reduced by more than 50% and population increased from 3 to 40. Furthermore, local jobs increased and a school was established in the region.

Mr. McInnes from Indigenous Business Australia (IBA) organization had never thought of solar power provider as an alternative for diesel generator before Mr. Smith suggested him. He then found a suitable solar energy provider named as Allgrid Energy, a solar power firm located at Queensland in Australia. Its Chief executive, Mr. Pratt suggested a battery system and a solar panel for the community.

According to Mr. Pratt sun rays hit the solar panel during daytime and generate power. The community can utilize this power during daytime and rest of the unutilized power can be stored in batteries which can be utilized by the community at night.

IBA purchased the solar system from Allgrid Energy and rented it to Munungurra Aboriginal Corporation. Inexpensive power supply due to the solar system has helped the corporation make huge capital withdrawals. It has also helped in transforming and improving the lifestyle of the community as well as increased the community size and produced new jobs.

Corporation has now got two government contracts – the first contract is to provide home repairing and maintenance services, while another contract is to manage work of dole programs & activities.

This has encouraged Mr. McInnes of IBA to replicate this experience and provide similar  facilities to more such remote communities that depend on diesel generators for power supply. This could help in reducing their expenditure on power & energy supply to a large extent

This demonstrates as to how solar power can be useful and work wonders for even remote communities like aboriginal and torees. Solar power also helps to reduce their expenditure and contributes largely towards green environment maintenance. All these factors are predicted to promote the demand for solar power in Australia and enhance the growth of Australia solar power market.

Today, there is a rampant use of coal, LPG, CNG and diesel as sources of power but tomorrow the world would be dominated by solar power which is a natural source of energy and can be abundantly derived or availed naturally.

Use of solar energy prevents exhaustion of natural resources like coal & diesel extracted from below the earth’s crust. It thus prevents natural disequilibrium caused due to exhaustion of natural resources like coal resulting in natural calamities like earthquakes, tremors and floods.

As per Global Market Insights report, the global Solar tracker market size is forecast to reach USD 7.54 billion by 2023, with growth expectation of 12% CAGR from 2016 to 2023.

Related Article:
https://gminsights.wordpress.com/2016/09/09/australia-solar-energy-generation/

Author NameDhananjay Punekar