Growth Trends

Defoamers market outlook: Heavy demand across pulp & paper sector to influence the industry growth over 2016-2024

Posted on Updated on

Defoamers market is expected to display a remarkable growth over the next few years, driven by its wide applications across pulp & paper, water treatment, food & beverages, and paints & coating sectors. Global pulp & paper sector, whose revenue was estimated at over USD 550 billion in 2015, is projected to observe a high growth over the next few years. As per Global Market Insights, Inc., reports “Defoamers industry size is forecast to reach a revenue margin of USD 4.3 billion by 2024.” In addition to this, wastewater treatment chemicals market size, which is escalating rapidly is also a chief growth factor for the defoamers industry share. Food sector, where application of defoamers is gaining high popularity, owing to its use as an additive to prevent formation of foam in ready-to-eat foods will not only drive the defoamers industry, but will also supplement the food additives market growth significantly.

Major products in the defoamers business space are classified as oil-based, water-based, and silicone-based products. Water-based defoamers market is likely to witness a rapid growth over the coming timeframe, having attained a revenue of over USD 550 million in 2015.  The growth can be attributed to the high environmental benefits provided by the product. High product demand across pulp & paper sector is expected to boost silicone-based defoamers industry growth over the coming seven years.

U.S. Defoamers Market size, by application, 2015 & 2024 (USD Million)

Pulp & Paper is a major application area, predicted to create lucrative growth opportunities for defoamers market over the next few years. As per the research study, pulp & paper application is likely to witness a significant surge over the period of 2016-2024, driven by the rising demand across end-user sectors such as stationery and packaging. Water treatment sector, which is estimated to grow at a rate of 4.5% over the period of 2016-2024, will drive defoamers industry growth in the near future. Rising concerns over the pollution of environment and water bodies are expected to encourage the growth.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/854

Below are the regional highlights pertaining to the defoamers industry over 2016-2024

  • Asia Pacific defoamers industry, which accounted for 35% of the overall revenue in 2015, is anticipated to witness the fastest growth over coming timeframe. Rapidly expanding agrochemicals and pulp & paper sectors are expected to drive the regional growth. Malaysia, China, Indonesia, and India are expected to be the key regional revenue contributors
  • North America defoamers market size is expected to witness a moderate growth over the coming seven years, surpassing USD 800 million by 2024
  • Europe defoamers market value estimated at USD 650 million in 2015, is expected to experience lucrative growth over the next few years, driven by emerging packaging sector in the region

Key industry participants include Evonik Industries, Bluestar Silicones, Wacker Chemie AG, Dow Corning Corporation, Ashland Incorporation, Air Products & Chemicals Incorporation, Clariant, and BASF SE.

Author NameDhananjay Punekar

Hydrogen peroxide market outlook: Escalating paper and pulp industry to stimulate the market growth: Trends & Forecast-2024

Posted on Updated on

Hydrogen Peroxide Market will exhibit an upward trend over the coming years, with the urge to maintain the environment sustainability and the rising pressure to minimize plastic wastes globally. Increasing awareness for eco-friendly packing process and recycled paper will stimulate the hydrogen peroxide market outlook notably. The packaging industry is focusing towards flexible packaging material than plastics to cater to the growing demand. Moreover, consumption of paper across the globe influencing the global paper & pulp industry has been a strong driving factor for the growth of the hydrogen peroxide market. According to Global Market Insights, Inc. “Hydrogen Peroxide Market size is estimated to witness a CAGR of 5% over the period of 2016-2024.”

Increasing adoption of (HPPO) hydrogen peroxide propylene oxide process will further fuel the demand for its key raw material i.e. hydrogen peroxide in the coming years. Companies such as Dow Chemicals, BASF SE, and Solvay have collaborated to use the HPPO technology. Furthermore, the use of electronic grade hydrogen peroxide in etching of semiconductors boards will have a dynamic impact on the hydrogen peroxide industry revenue trends. Companies such as Evonik and Solvay have commercialized the electronics grade variants and are investing intensively in the research and development.

U.S Hydrogen Peroxide Market size, by end-user, 2015 & 2024 (USD Million)
 U.S Hydrogen Peroxide Market size, by end-user, 2015 & 2024 (USD Million)

Asia Pacific dominated with 50% of the global hydrogen market in 2015 with a revenue of over USD 2,000 million and is predicted to substantially acquire the market share in the coming timeframe. APAC hydrogen peroxide market growth, lead by China will exhibit a 6% CAGR over 2016-2024, driven by indulgent government norms and cheap workforce.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/851

Based on end-use, hydrogen peroxide industry finds extensive application across Paper & Pulp, Waste Water Treatment, Chemical, and Mining. Hydrogen peroxide market size in chemical sector is projected to surpass a revenue of USD 2,000 million by 2024. This sector will observe escalating gains over the coming years, owing to HPPO process and increase in usage of propylene oxide in commercial products like synthetic emollients, flame retardants, drilling chemicals for oil fields etc.

Paper and pulp industry, dominating the global market share by 40% in 2015, is expected to record a CAGR of 5% over the period of 2016-2024, owing to its increasing demand for stationery and recycled paper. This lucrative sector may consume hydrogen peroxide worth USD 2500 million in the coming seven years.

Another sector witnessing heavy gains in the hydrogen peroxide industry is the waste water treatment industry. This industry will observe escalating growth at a rate of 5.5% over the period of 2016-2024. Government regulations for waste water treatments in industry and environmental protection are the attributing factors for the industry growth.

North America and Europe hydrogen peroxide market report are expected to cross USD 1,000 million by 2024. However, strict regulations by REACH, EPA, FDA and OSHA will shift the focus of the manufacturers to Asia Pacific regions.

Notable hydrogen peroxide industry participants are AkzoNobel, Arkema, Gujarat Alkalies, Solvay S.A., Kemira Oyj, Mitsubishi Chemical Corporation, Gujarat Alkalies & Chemicals, and Evonik Industries.

Author NameOjaswita Kutepatil

Lactic Acid Market Outlook: Rising popularity of non-toxic, bio-degradable, and bio-based products to drive the industry growth

Posted on

Lactic Acid Market revenue is anticipated to observe a considerable growth over the coming seven years, driven by its extensive application in food & beverages, personal care, industrial, cosmetic, detergent, and pharmaceuticals sectors. Moreover, growing consumer preference for bio-based contents is expected to stimulate the market trends in the near future.  According to Global Market Insights, Inc., “Lactic acid industry size is expected to be worth USD 6.2 billion by 2024.

U.S. Polylactic Acid (PLA) Market size, by application, 2013-2024 (USD Million)
U.S. Polylactic Acid (PLA) Market size, by application, 2013-2024 (USD Million)

Polylactic Acid (PLA) market size is anticipated to witness a lucrative roadmap over the period of 2016-2024, owing to the rising consumer trend towards sustainable, recyclable, and green packaged products. Moreover, growing application of polylactic acid in the booming bioplastics industry along with government legislations favoring the use of bio-based products will further drive PLA industry size over the coming years. Furthermore, polylactic acid also finds wide applications in electronics, packaging, textiles, agriculture, and transport sectors. As per Global Market Insights, Inc., “Polylactic Acid (PLA) Industry size is projected to reach USD 4.3 billion by 2024.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/821

Taking into account the lactic acid application trends, lactic acid market size in the personal care sector is expected to grow at a significant rate over the timeframe, driven by its use in skin care, natural anti-aging, and anti-acne solutions. Its application in food & beverages sector will grow at a rate of 14% over the coming seven years. The growth can be credited to its emulsifying, antibacterial, acidulant, pH regulating, and flavoring characteristics.

As per the research study, PLA applications in the packaging sector, estimated at USD 300 million in 2015, are expected to grow noticeably over the coming seven years due to its use in jars, containers, bioplastic packaging, and food packaging. Furthermore, textile is yet another prominent application area, predicted to generate high growth opportunities for polylactic acid industry over the coming years. As per the research study, textile application is likely to grow at a rate of 19% over the timeframe, driven by the use of PLA in textile dyeing for biodegradable polymer production.

Geographically, Germany lactic acid industry is expected to generate high sales over the next few years, driven by the rise in number of manufacturing plants coupled with increasing emphasis on sustainability. Growing application of lactic acid to treat dry skin along with its use in metal formulations is expected to boost U.S. lactic acid industry growth in the pharmaceutical sector over the coming years. China personal care industry is expected to contribute significantly towards the market share over the coming timeframe. Lactic acid application as vital ingredient in the personal care products & antimicrobial cleaning along with growing consumer awareness towards the personal care item is expected to drive the regional growth.

France PLA market will experience a considerable surge over the period of 2016-2024, driven by favorable legislations coupled with penetration of bio-based products in the packaging sector. Increase in production capacity, abundant feedstock, and growing customer awareness is expected to drive Japan market revenue over the next few years. UK PLA market size in agriculture sector is expected to register significant gains at 15% over the coming seven years, owing to its ability to reduce soil compaction and improve moisture control.

Key industry players in lactic acid market include BioAmber Inc., DuPont, and Genomatica. Major market players in PLA industry include Pyramid Bioplastics, Danimer Scientific LLC, Synbra Technology BV, BASF, Futerro, Galactic, NatureWorks, and Musashino Chemical Laboratory.

Author NameDhananjay Punekar

Global hydrogen generation market outlook: Rising demand for desulfurization and strict emission control norms to drive the industry growth

Posted on Updated on

Rising popularity of petroleum products in emerging economies is expected to stimulate Hydrogen Generation Market Size over the next few years. Hydrogen is primarily used in refining process such as hydro desulfurization to remove sulfur from refined petroleum products such as petrol, diesel, jet fuels, etc. and make them more usable. Strict norms to reduce sulfur dioxide emissions from aircraft, ships, automobiles, industrial furnaces, and railroad locomotives will drive hydrogen generation industry growth in the near future. As per Global Market Insights, Inc., “Hydrogen generation industry size is projected to surpass USD 180 billion by 2024.

Hydrogen is generated from two processes known as electrolysis and steam reforming process. Global hydrogen generation market revenue from electrolysis process is expected to grow at a rate of 5% over 2016-2024. Hydrogen generation industry size from steam reforming process is forecast to witness a high growth over the coming seven years, owing to lower natural gas costs along with its easy availability.

Germany Hydrogen Generation Market size, by application 2013-2024 (USD Billion)
Germany Hydrogen Generation Market size, by application 2013-2024 (USD Billion)

Hydrogen generator finds varied applications across metal, construction, petroleum refinery, glass, propellant fuel, chemical, automobile, and semiconductor sectors. Chemical sector, which accounted for over half of hydrogen generation market share in 2015, will grow significantly over the coming timeframe. The growth can be credited to rising demand for ammonia from agricultural sector as well as its rampant use in urea production.

Hydrogen generation industry revenue in the petroleum refinery sector will grow substantially over the coming years as a result of its wide use in the hydrocracking process along with high preference for petroleum products such as diesel, gasoline, etc.

Taking into consideration the global outlook, APAC hydrogen generation industry revenue will witness a substantial growth over the coming seven years. The growth can be attributed to heavy demand for petroleum products from refineries. India and China are expected to be the key regional revenue contributors.

Europe hydrogen generation market is projected to observe a substantial growth over the next few years. Rising use of chemicals in construction and food & beverages sector will positively impact the regional growth. Germany is expected to contribute significantly towards the regional revenue share.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/1107

North America hydrogen generation industry will grow considerably over the coming seven years, owing to heavy demand for ammonia. In addition to this, rising preference for renewable sources of energy to curb the greenhouse emissions is expected to contribute substantially towards the regional growth over the coming years. U.S. is predicted to dominate the regional share.

MEA hydrogen generation industry will witness a high surge over the period of 2016-2024 due to growing demand for fertilizers. LATAM market is expected to observe a noticeable growth over the next few years, owing to remodeling of current deployments and large-scale expansion of refineries.

Key industry players include Messer Group GmbH, The Linde Group, Nuvera Fuel Cells Inc., Iwatani Corporation, Taiyo Nippon Sanso Corporation, Hydrogenics, Showa Denko K.K., Caloric Anlagenbau GmbH, Xebec Adsorption Inc., Praxair Technology Inc., and Air Liquide.

Read Our Press Release @ https://www.gminsights.com/pressrelease/hydrogen-generation-market

Author NameDhananjay Punekar

Global automotive filters market to generate heavy revenue via APAC automobile industry

Posted on Updated on

Rapid technological advancements along with supportive government regulations have significantly stimulated automotive filters market growth over the recent years. In addition to this, accumulation of dirt and debris in vehicles tend to consume more amount of fuel which will drive the necessity of filter installations, in turn favoring automotive filter industry trends. According to Global Market Insights, Inc., “Global automotive filters market share is expected to register a CAGR of 8.4% over the period of 2016-2023”. Rising concern over pollution control of vehicles will further drive the automotive filter market revenue over the coming timeframe.With the expansion of the automotive industry, there has been a rapid surge in the environmental pollution. Therefore, the government worldwide is actively encouraging the use of automotive filters to curb the environmental hazards from the vehicles. Moreover, these filters prevent the vehicles from drivability issues by ensuring proper air flow to the engine, maintaining the air-fuel mixture, and facilitating the emission control systems. Huge adoption of the filters by the automobile manufacturers to ensure prolonged engine life of the vehicles will further enhance automotive filters industry growth over the coming years.

China Automotive Filters Market size, by product, 2012-2023 (USD Million)

China Automotive Filters Market size, by product, 2012-2023 (USD Million)

Automotive filters are being adopted heavily across the various automobile segments such as passenger cars, two-wheelers, and light and heavy commercial vehicles. In 2015, passenger cars dominated the automotive filters application landscape by accounting for over 50% of the overall market share. As per the study, automotive filters market size in passenger cars application is predicted to register a CAGR of 8.9% over the coming seven years. Expanding passenger cars industry due to high disposable income of the consumers along with rising health concerns due to automotive fuel emissions will boost the automotive filters industry size across passenger cars.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/497

Two-wheeler applications are another lucrative sector influencing the global automotive filters industry share. Heavy demand for two-wheelers, particularly from emerging countries such as India, China, etc. along with aftermarket for these vehicles in BRICS nations will augment the automotive filters market demand in two-wheelers. Automotive filters application in two-wheelers is anticipated to register a CAGR of 8.5% over 2016-2023.

Automotive filters product mainly comprises air, fuel, and oil filters. Automotive air filters market dominated the automotive filters product landscape and is forecast to exhibit an annual growth rate of 7.8% over the coming six years. Fuel filters market will witness a CAGR of 10.5% over 2016 to 2023, driven by its rising demand across two-wheeler and passenger cars applications. Oil filters market are poised to witness significant growth trends over the coming years, owing to its heavy adoption to ensure prolonged vehicle life.

Automotive filters market will also attain noticeable surge, driven by the revenue generated from end-use segments such as aftermarket and OEMs. Aftermarket automotive filters industry was worth USD 3.71 billion in 2015 and is predicted to contribute towards 70% of the global share by 2023. Growing trend of replacing the outdated filters will support the industry growth over the coming years.

Considering the global trends, Asia Pacific automotive filter market is projected to record a CAGR of 9% over the period of 2016-2023, having had 45% share in 2015. The growth can be credited to the rapid expansion of the automotive industry, mainly across India, China, and Japan.

Europe automotive filters industry share is predicted to surpass USD 2 billion by 2023, primarily driven by stringent government regulations and high demand for OEM products across the European region.

Over the coming years, key growth strategies adopted by the market participants will revolve around mergers & acquisitions and strategic alliances to strengthen their position in the automotive filters industry. Key industry players include Cummins, Mann+Hummel, Mahle GmbH, Denso, Lydall, Inc., and Ahlstrom. Few other prominent industry players include Parker Hannifin Corporation, Toyota Boshoku Corporation, and K&N Engineering.

Author NameSunil Hebbalkar

Cars to get safer: Automotive Radar market to witness double-digit growth rate over 2016-2024

Posted on Updated on

Increasing technology penetration in the automobile industry will dynamically impact Automotive Radar Market size over the coming years. Rising concerns over passenger and vehicle safety will build huge growth opportunities for the automotive radar industry. As per Association for Safety International Road Travel (ASIRT), on an annual basis approximately 1.3 million people die as a result of road accidents. To reduce these fatal accidents, cars are featured with collision prevention systems, which in turn will fuel global industry growth trends. According to Global Market Insights, Inc., “Automotive radar market size is anticipated to register an annual growth rate of 18.7% over the period of 2016-2024.” As per the Insurance Institute for Highway Safety, one of the three fatal accidents can be dodged if collision avoidance systems are incorporated into the vehicles. This will in turn generate heavy surge in the automotive radar business space over the coming years.

Favorable government norms towards preventing fatal accidents will play a vital role in influencing the automotive radar industry trends. For example, the U.S. National Highway Traffic Safety Administration announced the deployment of Automatic Emergency Braking Systems (AEBS) in cars with model year 2018, to prevent road crashes. Moreover, shifting consumer preferences towards safer and technically sound vehicles has led the manufacturers to launch automobiles featured with safety equipment. In addition to this, the growing trend of IOT, which is poised to revolutionize the automotive space will further fuel the technology deployment in vehicles. Automotive electronics market will be another business space gaining heavy momentum over the coming years.

Germany Automotive Radar Market size, by application, 2013-2024 (USD Million)

Germany Automotive Radar Market size, by application, 2013-2024 (USD Million)

Automotive radar finds applications across a broad spectrum of automobile systems such as Adaptive Cruise Control (ACC), Lane Departure Warning System (LDWS), Blind Spot Detection (BSD), Forward Collision Warning System (FCWS), and Parking Assistance (PA) system. Automotive radar market size in adaptive cruise control (ACC) application is projected to grow at a CAGR of 17.7% over the forecast period, driven by its ability to monitor the specified gap between vehicles.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/768

Blind spot detection (BSD) is another lucrative application area of automotive radar market. Automotive radar industry share in BSD industry is anticipated to grow at a rate of 19.1% over the coming seven years, owing to the collision sensing capability of this system, in case some other vehicle enters the blind spot. Automotive radar market size is also witnessing a favorable growth in forward collision warning system (FCWS), owing to the rising norms pertaining to the vehicle safety.

Asia Pacific automotive radar industry will attain significant growth over the estimated period, driven by the rapid expansion of the automotive industry across this region. China is likely to be the major revenue pocket for APAC, having accounted for 45% of the overall revenue in 2015. Europe market share is anticipated to record a CAGR of 17.5% over the forecast timeframe.

The automotive radar industry will witness innovative technological developments and strategic collaborations & partnerships over the coming years. Market players will focus towards improving their product and solution portfolios with respect to the cost features, to sustain the competitive business scenario. Key automotive radar industry participants include Valeo, ZF TRW Automotive, Hella, Fujitsu, Delphi Automotive LLP, Texas Instruments, Robert Bosch GmbH.

Author NameOjaswita Kutepatil

APAC automotive relay market to witness remarkable progression over 2017-2024, powertrain systems to drive the application landscape

Posted on Updated on

Littelfuse’s yesteryear acquisition of TE Connectivity’s circuit protection business is an apt instance of automotive relay marketplace depicting signs of consolidation in the competitive landscape. Elaborating further on the aforementioned deal, the Chicago based automotive electronics manufacturer has reportedly closed a deal with TE Connectivity in an all cash transaction of USD 350 million in 2016, in a bid to strengthen its position in the automotive relay business space. TE’s circuit protection business witnesses a strong portfolio in polymer based resettable circuit protection devices, which in consequence of the acquisition has come under the veil of the Littelfuse. If reports are to be believed, this deal has allowed Littelfuse to reinforce its core circuit protection business both in existing as well as emerging markets.

U.S. Automotive Relay Market Size, By Application, 2016 & 2024 (USD Million)
U.S. Automotive Relay Market Size, By Application, 2016 & 2024 (USD Million)

The profitability quotient of automotive relay industry is claimed to be heavily influenced by the changing trend of automotive electronics business space, the former being an integral vertical of the latter. Statistics affirming the declaration- global automotive electronics industry in the year 2016, was valued more than USD 206 billion, and is slated to exceed a commercialization of USD 395 billion by 2024. The humongous figure, itself, is proof enough to document that the growth prospect of automotive relay market in the coming years is positively high.

For the uninitiated, relays are mainly deployed in safety & security systems, convenience systems, powertrains, and body electronics and ADAS systems to enhance their efficiency. Convenience systems, in fact, are specifically expected to mark a footprint in automotive relay industry over the coming seven years. As per estimates, in 2016, convenience systems procured almost 34% of the overall automotive relay market in terms of shipments.  Driven by the surging demand for space saving, large switching capacity, electronic power steering, high level of compatibility, sunroof control, and infotainment, it has been forecast that convenience system would continue to be a major revenue pocket for automotive relay industry in the coming years.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/619

Speaking of the application portfolio, powertrain system is profoundly one of the prominent business spheres where automotive relay industry penetration has been incredible. Today, these systems have been increasingly deploying plug-in-relays, subject to some of its excellent beneficiary features such as susceptibility to voltage fluctuations, elevated temperatures, and to extreme vibratory conditions. Estimates claim that powertrain systems application would procure more than 23% of the overall automotive relay market by 2024.

With the emergence of smart tech, of late, it has been observed that automotive giants are increasingly concentrating on forging strong alliances to bring innovations in their vehicle model with regards to lightweight materials, power trains, active safety & assisted driving, and connectivity. Citing an instance, Magna International has recently teamed up with China based Huayu Automotive Systems, in a bid to strengthen its footprint in China market. Reportedly, the deal comes of the heels of their planning to produce electric drive powertrain systems for a renowned German automaker. Needless to say, with increasing automotive players’ focus on integrating powertrain technology in the designing of the vehicle, automotive relay market from this particular vertical is sure to gain remarkable proceeds in the ensuing years.

The superfluity of prominent automotive market giants in APAC belt is expected to position the region as one of the most lucrative growth avenues for automotive relay market. This is on account of the fact, that these automakers have been increasingly focusing on bringing tailor made features in the vehicle designs that has substantially led to increased product demand. In addition, favorable initiatives undertaken by the regional government with regards to emission control and product improvement would also complement the business proliferation. Estimates claim, with China at the growth front, APAC automotive relay industry is slated to witness a CAGR 4.5% over 2017-2024.

Some of the prominent biggies involved in automotive relay industry include American Zettler Inc, Denso Corporation, ABB Ltd., Panasonic, NEC Corporation, Nippon Aleph corporation, and Eaton Corporation. Leading companies are focusing on honing their distribution channel to ensure a stronger presence in the strategic landscape. For instance, Microsemi Corporation has introduced a new distribution sales channel, Microsemi Direct, to provide highest level of sales support to North American customers. Moreover, M&A, strategic partnership, and product portfolio expansion will continue to be the focus areas of automotive relay market investors over the forthcoming years.

Author Name : Satarupa De

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

Posted on Updated on

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.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/791

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

Posted on Updated on

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