Energy And Power Industry Insight

Monday 8 July 2019

Wires and Cables Market Hit USD 232.6 Billion by 2025: Grand View Research, Inc.

9-July-2019: The global wires and cables market is expected to reach USD 232.6 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.9% during the forecast period. Increasing funds for upgrading infrastructure coupled with the demand for refined power transmission and distribution systems are expected to be the key factors driving the growth.

Increasing investments in smart grids and renewable energy generation are the other factors driving the overall market. Various types of cables are used for several applications based on their voltage, resistance and flexibility such as Poly Vinyl Chloride (PVC) cables are mostly used in food industry owing to their mechanical strength and resistance. Rising economic activity and rapid urbanization in emerging economies will lead to industrial growth. Sectors such as telecom and aerospace and defense are moving towards new infrastructure and construction, driving the demand for wires and cables used in construction activities. Technological upgrades require various services such as communication and internet access. Expansions and upgrades in these will directly boost the demand for communication cables, instrumentation cables, and Ethernet cables among others.

Government initiatives in rural electrification also play a vital role in the growth of the wires and cables market. Rural electrification involves major actions such as improved communication, setting electricity infrastructure, and providing connectivity to households. Rural electrification is expected to drive the product demand in the forthcoming years. For instance, according to the Ministry of Power—Government of India, 26.3 million homes below poverty line in the country have been electrified under the Rural Electrification section of Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY). Smart grids diminish the general cost incurred in traditional including operational cost incurred due to loss of power and it lowers the pressure on energy prices and total customer bills.

Indian government under the “Make in India” campaign has targeted installation of 130 million smart meters by 2021 under Smart City Initiatives. In addition, the installation will be done at the consumer base where the monthly consumption is above 200 units by 2019. There are various steps taken by the government in other countries such as U.S. to encourage the implementation of smart grid.

In depth research report on Wires and Cables Market

https://www.grandviewresearch.com/industry-analysis/wire-and-cable-market-analysis-market

Further key findings from the report suggest:

· Low voltage emerged as the fastest growing segment over the forecast period

· Overhead emerged as the largest segment in 2018 and is estimated to generate revenue of over USD 148.21 billion by 2025

· Asia Pacific held the largest share of the wires and cables market in 2018. Government initiatives such as Make in India, Smart Cities, and Sansad Adarsha Gram Yojana in the region are anticipated to drive the growth

· Key players include Prysmian S.p.A; Nexans; Belden Inc.; LS Cables & System Ltd.; Furukawa Electric Co., Ltd.; Fujikura Ltd.; Sumitomo Corporation; Leoni AG; and NKT A/S; among others accounted for the majority market share in 2018.

Grand View Research has segmented the global wires and cables market on the basis of voltage, installation, end use, and region:

Wires and Cables Voltage Outlook (Revenue, USD Billion, 2015 - 2025)

· Low Voltage

· Medium Voltage

· High Voltage

· Extra High Voltage

Wires and Cables Installation Outlook (Revenue, USD Billion, 2015 - 2025)

· Overhead

· Underground

Wires and Cables End Use Outlook (Revenue, USD Billion, 2015 - 2025)

· Aerospace & Defense

· Building & Construction

· Oil & Gas

· Energy & Power

· IT & Telecommunication

· Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/construction-and-utilities

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Wednesday 8 May 2019

Energy Storage Systems Market Shows Rapid Growth in Future

9-May-2019: The global energy storage systems market demand is expected to reach a total capacity of 210,803 MW By 2026, according to a new report by Grand View Research, Inc. Growing demand for efficient and competitive energy resources over the last decade has primarily driven the market. It is estimated to register a CAGR of 2.3% from 2018 to 2026.

Rising consumer awareness regarding efficient energy consumption coupled with demand for smart homes with effective load management is expected to play a major role in the development of energy storage system market. Ascending demand by electric utilities, on account of need for distributed energy integration with the main grid, is likely to fuel the growth over the forecast period.

Hybrid systems including start-stop systems, hybrid vehicles, and e-bikes are expected to present the strongest growth opportunity for lithium-ion battery manufacturers. Companies such as AES, GE Renewable, and Altairnano are investing huge capital in R&D of new technologies within the battery storage segment.

Pumped Hydro Storage (PHS) systems is expected to remain a dominant segment by 2026 due to ongoing investments to enhancing on-grid capacity and upgrading energy infrastructure in North America and Asia Pacific. The segment accounted for over 90% of the global energy storage systems capacity in 2017.

In depth research report on Energy Storage Systems Market

https://www.grandviewresearch.com/industry-analysis/energy-storage-systems-market

Further key findings from the report suggest:

· Electrochemical storage capacity is projected to be the fastest growing segment with a CAGR of 12.6% from 2018 to 2026

· North America is estimated to expand at a CAGR of 4.0% over the forecast period

· Asia Pacific energy storage systems market holds the largest share globally with a cumulative capacity expected to exceed 102 GW by 2026

· Electromechanical storage capacity in Germany was estimated to be 688.2 MW in 2017 and is projected to register a CAGR of 3.9% over the forecast period

· Some of the prominent market players include The Furukawa Battery Co.; GE; Electrovaya; Active Power; Fluence; Saft; EnSync; Maxwell Technologies, Inc.; and AltairNano.

Grand View Research has segmented the global energy storage systems market on the basis of technology and region:

Energy Storage Systems Technology Outlook (Capacity, MW, 2014 - 2026)

· PHS

· Electrochemical

· Electromechanical

· Thermal

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/power-generation-and-storage

About Grand View Research

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Tuesday 30 April 2019

Bio-based Platform Chemicals: Replace Conventional Chemicals Used in Various end-use Industries

30-April-2019: The global bio-based platform chemicals market size is expected to reach USD 22.75 billion by 2025 expanding at a CAGR of 12.6%, according to a new report by Grand View Research, Inc. Growing polymer and bioplastics industry is projected to drive the product demand over the forecast period. Bio-based platform chemicals are gaining popularity over petroleum-based chemicals owing to rising environmental concerns. They are also likely to replace conventional chemicals used in various end-use industries, such as F&B, polymer, and pharmaceuticals.

Fluctuation in crude oil prices is also contributing to the product demand as it directly impacts the industrial production and costs incurred in such process. To avoid losses and the demand-supply conundrum of oil, market participants are shifting their preferences toward bio-based platform chemicals. Moreover, the advent of new fermentation techniques along with increasing production capacities is projected to fuel the product demand. Bio-derived organic acids, polymers, and alcohols are used in wide range of applications, such as surfactants, solvents, plasticizers, paints and coatings, lubricants, and binders.

Rising demand for these products and increasing usage of bio-based products are projected to foster the market growth further. Rapidly developing green chemistry market is expected to integrate the circular economy and bioeconomy in Europe, which is directed at improving the sustainability of resources. Increasing demand for green chemicals is anticipated to boost the bioeconomy of various regions through the generation of new jobs. However, supply chain issues coupled with price volatility of raw materials is expected to challenge the market growth.

In depth research report on Bio-based Platform Chemicals Market

https://www.grandviewresearch.com/industry-analysis/bio-based-platform-chemicals-market

Further key findings from the study suggest:

· Succinic acid is projected to witness high demand over the forecast period. The lactic acid segment is expected to register a CAGR of 15.2% over the forecast period

· Major companies in the global bio-based platform chemicals focus on joint ventures and partnerships for expanding product portfolio and manufacturing capacities

· For instance, the joint venture between BP and E. I. du Pont de Nemours and Company, intended for bio-butanol production

· Some of the key companies are Genomatica, Inc.; Gevo, Inc.; Rennovia, Inc.; DuPont Tate & Lyle Bio Products Company, LLC; Corbion N.V.; Amyris, Inc.; Avantium N.V.

Grand View Research has segmented the global bio-based platform chemicals market on the basis of product and region:

Bio-based Platform Chemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

· Lactic Acid

· Fumaric Acid

· Malic Acid

· 1,3-Propanediol (PDO)

· Dodecanedioic Acid (DDDA)

· Bio-based PE

· 1,5-Pentanediamine

· Polylactic Acid (PLA)

· Glycerol

· Aspartic Acid

· Itaconic Acid

· 2,5-Furandicarboxylic Acid

· 1,3-Butanediol

· 1,4-Butanediol

· 3-Hydroxypropionic Acid (3-HP)

· Polyhydroxyalkanoates (PHA)

· Succinic Acid

· Farnesene

· Isobutanol

· Glucaric Acid

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/renewable-energy

About Grand View Research

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Monday 15 April 2019

Coal to Liquid (CTL) Market Size is Expected to Reach USD 5.28 Billion by 2026: Grand View Research, Inc

15-April-2019: The global coal to liquid market size is expected to reach USD 5.28 billion by 2026, according to a new report by Grand View Research, Inc. It is estimated to witness a CAGR of 3.9% over the forecast period. CTL, as a solution for supplementing production of transportation fuels from crude oil seems to be a more prospective option for the development of this industry based on better environmental capabilities, higher flexibility, and a stronger supporting experience and infrastructure.

However, considering the current industry status, if this is supplemented with the development of new FT-based CTL facilities, it is anticipated that additional synergy for hydrocarbon liquefaction should rise in the next eight years. CTL facilities in Mb/d range are expected to be limited to the leading coal-producing nations including U.S., India, China, Australia, South Africa, and Russia. Even if large quantities of Mb/d could be derived using CTL, this would only account for a small fraction of the global oil production and would barely offset the decline in the current oil production figures.

Indirect Coal Liquefaction (ICL) is the most used liquefaction technology. This process offers high value and clean burning fuels. Synthetic fuel produced from coal using this technology can be used in conventional engines without any modification and adds to an improved combustion with lower emissions. However, these fuels have lower fuel economy.

In depth research report on Coal to Liquid (CTL) Market

https://www.grandviewresearch.com/industry-analysis/coal-to-liquid-ctl-market

Further key findings from the study suggest:

· Increasing costs of crude oil or natural gas processing is projected to augment the demand for CTL process over the coming years

· Technological advancements coupled with sustained growth in demand for liquid fuels for transportation are also driving the global Coal to Liquid (CTL) market

· Diesel was the dominant product segment and was valued at USD 2.28 billion. It is anticipated to expand further at the maximum CAGR during the forecast years

· Adverse impacts on the environment from large-scale CTL plants is a major restraining factor for the industry

· Some of the dominant industry participants include China Shenhua Energy Co. Ltd.; Sasol Ltd.; TransGas Development Systems, LLC; Altona Energy PLC; and Envidity Energy, Inc.

Grand View Research has segmented the global Coal to Liquid (CTL) market on the basis of product, technology, and region:

CTL Product Outlook (Revenue, USD Million, 2014 - 2026)

· Diesel

· Gasoline

· Others

CTL Technology Outlook (Revenue, USD Million, 2014 - 2026)

· Direct Coal Liquefaction (DCL)

· Indirect Coal Liquefaction (ICL)

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/conventional-energy

About Grand View Research

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Wednesday 9 January 2019

Solar PV: Reduce Dependency on Fossil Fuels

10-January-2019: According to a report by Grand View Research, Inc., global solar PV market is anticipated to reach 489.79 GW by 2020. Growing requirement for sustainable resources of energy attributed to stringent regulations to reduce dependency on fossil fuels is anticipated to propel demand for solar PV. These power generation systems are likely to offer reduction in carbon footprint, low cost energy generation, and contribution to sustainability.

Continual technological advancements in energy sector to develop secure, sustainable, and affordable energy systems can influence growth of market. Supportive government initiative to promote use of renewable sources of energy and reduce carbon footprint for healthy environment can spur market growth over next few years. Rising scarcity of fossil fuel resources coupled with high demand for durable energy sources can spur growth of market. Growing adoption of renewable resources attributed to rising consumer awareness regarding cost benefits of technology can influence market growth over the forecast period (2012 to 2020).

The solar PV market can be segregated on the basis of application and region. Based on application, the market can be categorized into non-residential/commercial, residential, and utilities. In 2016, utility segment dominated the market and accounted for 47.2% of overall demand. Continuous supply of energy coupled with low expenses as compared to conventional sources of energy are expected to surge demand for solar PV technology in utilities. This, in turn, can influence growth of market.

Similarly, residential segment is likely to expand at CAGR of 21% over the forecast period. Growing popularity of photovoltaic systems attributed to its employment in electricity generation to deliver heat for residential buildings at low cost can fuel growth of market during the forecast period.

In 2016, non-residential segment accounted for 26.3% of overall market share. High adoption of solar PV power generation systems in industrial applications for fulfilling heating requirements accounted for segment growth.

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and rest of the world. In North America, the market is expected to witness significant growth over the forecast period. Numerous projects initiated by Mexican government related to photovoltaic, solar, concentrated solar power (CSP) can fuel growth of market in the region. One of these projects is likely to be a photovoltaic project of 46.8 MW capacity in Puerto Libertad, Sonora. In addition, World Bank is expected to fund USD 50 million for combined cycle gas turbine plant of 14 MW capacity equipped with troughs to collect energy, located in Agua Prieta, Sonora. In addition, United States (U.S.) is likely to provide multi-year extension on tax credits for renewable energy plants such as concentrating solar plants (CSP). This, in turn, can fuel growth of market in the region.

Similarly in Asia Pacific, the market is estimated to grow well over the forecast period attributed to increase in annual PV grid capacity in China in 2016 as compared to 2015. It accounted for PV grid operational capacity of 34.5 GW owing to installations of solar thermal PV plants & power stations in the region. This, in turn, can fuel growth of market over next few years. Moreover in 2016, Asia Pacific accounted for 17.9% of overall market share attributed to supportive government regulations to install clean energy resources and reduce air pollution.

In Europe, the market is estimated to grow slow as compared to other regions owing to early adoption of technology in the region, which led to saturation of market.

Some of the leading companies offering solar PV are Kyocera Corporation, Yingli Green Energy, Suntech Power, First Solar, and Canadian Solar. The market is expected to be highly competitive in nature. Buyers and manufacturers are likely to get indulged in strategic partnerships. In addition, most companies can invest in R&D activities to develop advanced solar PV offering less impact on environment. Moreover, companies are also expected to come up with innovative systems that can offer long-term energy storage solutions to fulfill year-round need for power generation.

In-Depth Research Report On Solar PV Market:

https://www.grandviewresearch.com/industry-analysis/solar-pv-industry

Wednesday 2 January 2019

Nitrous Oxide Market Hit USD 1.47 billion by 2025: Grand View Research, Inc.

2-January-2019: According to a report published by Grand View Research, Inc.; the global nitrous oxide market is expected to reach a valuation of around USD 1.47 billion by 2025. Factors like high prevalence of chronic diseases and increasing geriatric population in major economies are anticipated propel the market over the forecast period (2014 to 2025).

Growing demand from various industries such as electronics, automotive, and food and beverages is projected to propel market growth. In medical industry, nitrous oxide is used in surgery and dentistry procedures as an anesthetic and analgesic. It is used as a dissociative anesthetic due to its outstanding euphoric effects on inhaling. Nitrous gas is a non-flammable gas and can be used in non-medical applications including food processing, semiconductor industry, and racing cars. The wide scope of application is anticipated to bode well for market expansion over the forecast period.

However, strict regulatory framework regarding transportation, possession, and use of nitrous oxide are anticipated to hinder market growth. The U.S. Food and Drug Administration (FDA) and Center for Drug Evaluation and Research (CDER) have provided guidelines regarding uses of medical gases and related equipment. Manufacturers are required to comply with the stern policies while manufacturing nitrous oxide. This factor is expected to restrain market growth to a certain extent.

The worldwide nitrous oxide market can be segmented on the basis of application and region. Based on application, the market can be categorized into medical, automotive, electronics, food and beverages, and others. In 2016, medical was estimated as the largest application segment. The segment is expected to expand at a CAGR of 7.2% between 2017 and 2025. Application of nitrous oxide as a single agent for partial sedation in dentistry, mainly in pediatric dental procedures. Therefore, rise in aging population across the globe coupled with prevalence of dental problems are expected to drive segment growth in the forthcoming years. Nearly 85 to 90% of nitrous oxide produced worldwide is utilized for medical applications.

The automotive segment is likely to display a healthy CAGR during the forecast period. Rising applications of nitrous oxide to boost engine power by augmenting oxygen content in fuel mixture to allow the engine to burn more fuel. These systems are majorly installed on motorcycles, trucks, cars, snowmobiles, and all-terrain vehicles (ATV). However, regulations regarding the use of this gas in road vehicles are different in different European countries.

In 2016, electronics held around 1.32% of overall market share in terms of revenue. The segment is likely to exhibit reasonable CAGR in the years to come.

Geographically, the market for nitrous oxide can be divided into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. In 2016, North America was the dominant segment in terms of revenue. This region is projected to create attractive business opportunities during the forecast period. High prevalence of obesity, type 2 diabetes, heart disease, stroke, arthritis, cancer, and other chronic diseases will impel regional market expansion. Extensive application of nitrous oxide as a carrier gas for general anesthesia will further boost demand.

The U.S. market was valued at USD 156.54 million in 2016. Rising medical, automotive, and food and beverage applications are anticipated to bode well for regional market growth in the years to come. Possession of nitrous oxide is legal in many states under the federal law. However, under the U.S. Federal Food, Drug and Cosmetics Act (FFDCA), sale and distribution of the product for human consumption are prohibited in the country. Such factors may hinder market growth in near future.

Europe is anticipated to be a prominent market for nitrous oxide. It is mainly driven by rising mortality and morbidity rates. Majority of aging populace in Europe suffers with chronic diseases. Also, inactive lifestyles and high disposable income are contributing to rise in chronic disease among young and middle-aged population in Europe. This factor is expected to drive the market in near future.

Asia Pacific is projected to showcase significant CAGR during the forecast period. Increasing occurrence of chronic diseases in emerging countries such as India, China, and Japan is anticipated to bode well for regional market growth in the years to come.

Key companies operating in the nitrous oxide market include Matheson Tri-Gas, Inc.; Airgas, Inc.; Praxair Technology, Inc.; The Linde Group; and Ellenbarrie Industrial Gases Ltd. Countries such as the U.S., France, Germany, China, India, and Japan are the major destinations for market players.

In-Depth Research Report On Nitrous Oxide Market:

https://www.grandviewresearch.com/industry-analysis/nitrous-oxide-market

Wednesday 26 December 2018

Lithium-Ion Battery: Light-Weight Energy Storage Solutions

27-December-2018: According to a report by Grand View Research, Inc.; the global lithium-ion battery market is anticipated to attain USD 93.1 billion by 2025. Growing requirement for cost-effective and light-weight energy storage solutions is anticipated to propel market growth over the forecast period (2018 to 2025). This battery can offer high safety level and energy density as compared to conventional batteries. This factor is anticipated to fuel demand in near future.

Increasing number of photovoltaic (PV) installations and nuclear power plants attributed to commencement of new wind energy projects can positively influence market growth. Rising adoption of lithium-ion batteries in medical equipment can stimulate market over the next few years. Rising use in portable electronics, electric vehicles, and grid storage systems attributed to high safety level and energy density can spur market growth during the forecast period.

The worldwide lithium-ion battery market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), lithium Nickel Cobalt Aluminum oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), and Lithium Nickel Manganese Cobalt (NMC). In 2016, NMC dominated the market and accounted for around 26% of market share. Growing adoption in e-bikes, powder tools, and other electronic powertrains on account of its higher energy density, longer lifecycle, and lower cost can fuel demand over the forecast period. In addition, NMC can offer high capacity, high power, high performance, and excels on specific energy.

Similarly, the LFP segment is likely to expand at a CAGR of 17.5% from 2017 to 2025. LFP batteries can offer advanced safety and long life span to product. There is a high demand from stationary and portable applications due to requirement for high load currents and endurance. This, in turn, can positively influence market growth over the forecast period. In addition, continual R&D activities by manufacturing companies for development of high-quality and effective products can augment market expansion. Moreover, favorable government regulations coupled with provision of subsidiaries for Electric Vehicles (EVs) can fuel product sales.

Based on application, the market can be classified into automotive, energy storage systems, consumer electronics, and industrial. In 2016 consumer electronics dominated the market and accounted for largest market share equivalent to USD 11.92 billion. Reliability and high durability of these batteries in consumer appliances such as smartphones and laptops can influence market growth over next few years. In addition, expanding electronics sector in countries like Japan, Taiwan, China, and South Korea can fuel demand for lithium-ion batteries during the forecast period.

Similarly, energy storage systems segment is expected to expand at CAGR of 21% from 2017 to 2025 attributed to increasing off-grid installations. Favorable government initiatives coupled with growing number of solar PV installations in China, United States, and Germany can augment market growth. Moreover, rising concern for air pollution, carbon emissions, and greenhouse gases can fuel adoption of solar power during the forecast period.

Regional segmentation includes Europe, North America, Asia Pacific, Central and South America, and Middle East and Africa. Asia Pacific is expected to expand at CAGR of 17.7% from 2017 to 2025. Growing demand for tablets and mobiles in China, Japan, India, and Thailand among other countries can propel regional market. Rising lithium-ion battery production capacity in China by numerous market players including Panasonic, LG, and Contemporary Amperex Technology Ltd. (CATL) can further fuel expansion. Moreover, rising government subsidies for electric vehicles is likely to create immense market potential over the forecast period. Wind capacity output can cross 200GW by 2020 and can drive demand for energy storage systems in the country. This, in turn, can influence market growth over next few years.

In North America, the market is anticipated to witness substantial growth during the forecast period. This expansion can be attributed to increasing sale of consumer electronics and electric vehicles sales in countries including Mexico and United States. Rising demand for lithium-ion batteries in smartphones owing to their ability ty offer extended shelf life and enhanced efficiency can augment demand in the forthcoming years.

Some of the leading companies operating in the global lithium-ion battery market are BYD Co., Ltd, LG Chem, Panasonic, Samsung, and GS Yuasa Corporation.

In-Depth Research Report On Lithium-Ion Battery Market:

https://www.grandviewresearch.com/industry-analysis/lithium-ion-battery-market