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

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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

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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/

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

Distributed Energy Generation (DEG) Market: Reduce Greenhouse Gas Emissions is Anticipated to Propel Market

14-December-2018: According to a report by Grand View Research, Inc.; the global distributed energy generation (DEG) market is anticipated to reach USD 573.7 billion by 2025. Growing requirement for clean energy sources to reduce greenhouse gas emissions is anticipated to propel market over the forecast period (2014 to 2025). These systems offer electricity generated from distributed renewable systems at low operating and per unit electricity costs. Such systems can eliminate need for building transmission capacity to reduce line cost.

Growing awareness regarding environmental benefits of using DEG systems among consumers can fuel growth of market. Continual advancements such as floating solar photovoltaics (PV) can positively influence market expansion. Falling cost of solar PV modules can surge demand for DEG over the next few years. Favorable government policies such as net metering are likely to boost installations in rural and underdeveloped areas. This, in turn, can stimulate growth of market during the forecast period.

The worldwide distributed energy generation (DEG) market can be segregated on the basis of technology, application, and region. Based on technology, the market can be categorized into reciprocating engines, fuel cells, wind turbine, solar photovoltaic, gas and steam turbines. Wind turbine segment is likely to witness significant CAGR from 2017 to 2025 owing to rising environmental concerns.

In 2016, solar photovoltaic (PV) accounted for 21% of global market share and is anticipated to grow at CAGR of 16.8% over the forecast period. Gradual reduction in production cost of solar PV systems can fuel its demand over conventional energy generation systems.

In 2016, fuel cell accounted for market share equivalent to USD 59.61 billion. It is likely to emerge as the dominant application segment over the forecast period. Fuel cells can convert chemical energy into electrical energy and have low emission levels. This factor is anticipated to propel adoption of distributed energy generation in the forthcoming years.

Based on application, the market can be classified into residential and commercial and industrial. In 2016, commercial and industrial segment accounted for the largest market share. Growing adoption of solar PV modules for electricity generation attributed to their ability to provide clean and quality power can surge demand over the forecast period. In addition, continual advancements can lead to high capacity utilization factor. This, in turn, can fuel demand for solar PV installations in institutions and buildings.

Regional segmentation includes Europe, North America, Asia Pacific, Central and South America, and Middle East and Africa. In 2016, Asia Pacific dominated the market and accounted for the largest market share. It is likely to grow at similar pace until 2025. Lack of electricity in emerging economies such as India can positively influence market.

Europe is expected to witness significant CAGR over the forecast period Owing to introduction of attractive schemes introduced by local governments such as feed-in-tariff (FIT) and net metering. North America is predicted to grow well during the forecast period attributed to high demand for wind turbines and solar PV. High penetration of industrial facilities such as refining, chemical paper, metals, food processing, and commercial facilities is expected to further fuel regional demand for distributed energy generation.

Most Central and South American countries are in initial phase of development. Thus increasing requirement for energy in the region is anticipated to bode well for the DEG market. Pace of development in these economies largely depends on energy consumption. Hence, growing need for industrialization, lack of grid connectivity, and development are likely to create growth opportunity for the market over the forecast period.

Some of the leading companies in the distributed energy generation (DEG) market are Capstone Turbine Corporation, Caterpillar Power Plants, Rolls-Royce Power Systems AG, Doosan Fuel Cell America, and Suzlon Energy Limited. The market is competitive in nature owing to presence of a high number of market players. Companies are likely to invest in Research and Development (R&D) activities to develop innovative products and to gain traction among consumers.

In-Depth Research Report On Distributed Energy Generation (DEG) Market:

https://www.grandviewresearch.com/industry-analysis/distributed-energy-generation-industry

Increasing Deepwater Drilling Activities To Promote Development Of Cost-Effective Subsea Manifolds

The ability of subsea manifolds to conveniently suit to complex subsea reserves is driving their adoption across exploration and drilling sites worldwide. Subsea manifolds are mostly customizable according to type of soil in the sea bed and can withstand harsh conditions in deepwater. They can be connected to multiple beds simultaneously.

What are Subsea Manifolds?

Subsea manifolds are subsea flow structures containing pipework and valves that connect subsea trees to flowlines. These systems are used for directing fracturing fluids to wells and extracting produced fluids from wells into flow lines. They can be utilized for vertical or horizontal connections with resource beds in deepwater.

Aibel’s Cost-effective Subsea Systems

Companies are increasingly finding new ways to develop subsea technologies that can suit harsh working conditions. By installing advanced subsea manifolds, a substantial reduction in overall capital expenditure incurred during exploration and drilling activities can be achieved. Recently, Aibel developed cost-effective subsea manifold systems that can help in reducing required offshore hours. The company plans to develop modules that will enhance water injection capacity in addition to associated hookup.

Market Insights

As per a report by Grand View Research, Inc., the global subsea manifolds market is poised to reach a valuation of USD 5.08 billion by 2025. Soaring deepwater drilling activities are anticipated to be among the primary growth stimulants of the market. Moreover, revision in offshore regulations can work in favor of the market. Increasing shift of oil and gas manufacturers from traditional onshore reserves to complex subsea reserves is likely to escalate demand for subsea manifolds.

Advancements and innovations in the field of subsea technologies are also expected to play a vital role in the development of the market. Furthermore, robust growth of the oil and gas industry is positively impacting market growth. On the flip side, the market can be hampered by turbulent prices of crude oil.

Some of the prominent companies operating in the market are Halliburton Company; Weatherford International Inc.; Schlumberger Limited; Baker Hughes Incorporated; and Trendsetter Engineering. Majority of key companies are focusing on expanding their geographical reach. For instance, in August 2016, Larsen & Turbo (L&T) and GE partnered to manufacture subsea manifolds for deepwater projects in the Krishna-Godavari basin in India.

In-Depth research report on Subsea Manifolds Market:

http://www.grandviewresearch.com/industry-analysis/subsea-manifolds-market

Distributed Energy Generation Market : Worth USD 113.53 Billion In 2013 : Grand View Research, Inc.

In 2013, the global distributed energy generation (DEG) market was worth USD 113.53 billion. Increasing awareness to curb global warming by reducing greenhouse gas emissions is likely to drive growth. Moreover, reduction of water, air and soil pollution, and minimizing expenditure incurred by large power plants are other key drivers of the market.

Ability of DEG to produce electricity from both conventional and non-conventional resources have made them an environment friendly route for energy generation through wind, solar and tidal energy. Increasing output of tight and shale gas in North America, particularly the U.S., along with innovative hydraulic fracturing techniques are few of the other factors augmenting demand over the next few years. The industry is estimated to be valued at USD 179.65 billion by 2020.

In depth research report on Distributed Energy Generation Market

http://www.grandviewresearch.com/industry-analysis/distributed-energy-generation-industry

In 2013, solar photovoltaic (PV) and wind turbine together accounted for more than 50% of the total capacity. Government initiatives for the development of solar PV and wind generation in Japan, China and Germany are expected to augment solar photovoltaic (PV) and wind turbine demand.

Competent prices of DEGs over conventional generators is anticipated to generate a high demand for the technology is anticipated to bolster growth. The market which was 102.97 GW in 2013 is anticipated to reach 227.63 GW by 2020,increasing at 12.0% CAGR over the projected period.

Eco-friendliness and increasing expense on R&D of fuel cells is likely to augment growth, in terms of capacity, at a 19.4 % CAGR over the forecast period. Ability of combined heat and power (CHP) technology to produce electricity or power with low greenhouse emissions has been one of the reasons for its dominance capturing over 40% capacity in the overall market in 2013.

Economically viable installation cost and easy accessibility of on-grid systems to the utility sector has resulted in their dominance in 2013 within the global industry accounting for 90% capacity. Introduction and implementation of numerous government policies to provide electricity in remote rural areas, especially in Asia Pacific, is projected to result in substantial gains for off-grid DEG. Moreover, the ability of off-grid systems to reserve generated energy using a battery is likely to result in generating revenues exceeding USD 6.5 billion by 2020.

Recycling and reusability of industrial waste and heat energy have resulted in high penetration of DEGin commercial & industrial applications, where in 2013 the segment accountedfor more than 70% capacity. Upcoming commercial & industrial spaces, particularly in China and India, is likely to lead to a significant growth of the market in these sectors.

Building & institution is anticipated to witness substantial capacity gains at a 13.5% CAGR over the next six years. Expansion of cities is anticipated to be one of the key factors fuelling growth.

Residential applications accounted for less than 10% of the global market in 2013. However, rising adoption of the technology owing to its price competence is anticipated to accelerate market demand with an above average growth rate.

Europe DEG industry exceeded 30% capacity of the global share in 2013. Government policies in to reduce greenhouse emissions and global warming are anticipated to augment demand. Regulatory norms to carry out power generation in North America using the “green energy” concept has led to a significant growth of the industry, which was valued at USD 27.56billion in 2013.

Infrastructure development and innovative regulatory moves by numerous governmentsin Asia Pacific DEG market will witness fastest growth, driving the global business, at a 12.7% CAGR from 2014 to 2020. Key players include General Electric Energy, Suntech Power Holding Co. Ltd, Yingli Green Energy, UTC Power LLC, First Solar, Sharp Corporation,Siemens AG and JA Solar Holding Co.Ltd.

Browse more research reports of this category:

http://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/