It was estimated prior to this unanticipated outbreak that the Subsea Thermal Insulation Materials Market was expected to grow at a CAGR of 4.6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
July 26,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Shore Power Market.
Shore Power Market is likely to witness an impressive CAGR of 13.6% during the forecast period. The major drivers propelling the growth of the market are the increasing number of cruise liners in the shipping industry, the reduction of low-frequency noise and emissions at ports, and installation of retrofit shore power systems.
Shore Power is the delivery of electrical power to a shore-side ship when its engines are damaged and shutdown. It helps in saving consumption of fuels and eliminates air pollution caused due to fuel. This is a process in which electrical power is supplied from shore to a vessel at berth, enabling auxiliary engines to be turned off. Through this process the shore power removes the diesel emission and other air pollutants.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the component type, the market is segmented as transformer, switchgear, frequency converter, cables & accessories, and others. The frequency converter segment is estimated to account for the largest share of the market and is also likely to be the fastest-growing segment during the forecast period. Shore power frequency converter lets a ship to be powered by the port’s electrical grid, even though the vessel may have a different operating voltage. By the reduction of the consumption of diesel fuel, energy is conserved with the help of shore power frequency converters. Further, they also bring down air pollution caused by operating the engine unnecessarily while at the port. All these factors contribute to the growth of the segment in the coming five years.
Based on the connection type, the market is segmented as new installation and retrofit. The new installation segment is expected to account for the larger share of the market during the forecast period. The growth of the segment can be attributed to the fact that ships are required to be properly equipped so as to receive power from a local grid or an outside source. This facilitates the shore power to be effectively implemented. Prevalent ships usually need to be retrofitted with explicit electrical equipment, such as connectors, wiring, transformers, and switchgear, whereas many new ships are now being designed and built with this equipment as an integral part of their electrical system architecture. The new installation segment is expected to bolster the market during the forecast period as the process of retrofitting of shore power in prevalent vessels is far costlier against a new installation, eventually sometimes adding up to twice as much as incremental of the new-build investments.
In terms of regions, Asia-Pacific is estimated to account for the largest share of the shore power market during the forecast period and is expected to remain dominant during the same period. The region’s growth is driven by countries such as China, whose container capacity clocked around 250 million standards in 2020. Additionally, China is seen with a promising growth to be the seventh out of the ten largest ports during the forecast period. Other regions such as North America and Europe are also expected to mark their presence in the shore power market during the forecast period driven by increase in installation of retrofit and low-frequency noise reduction & emission at the port.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Shore Power Market analysis report discusses the following heads in great detail:
July 26,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ultrasonic Flow Meter Market.
Ultrasonic Flow Meter Market is likely to witness an impressive CAGR of 6.8% during the forecast period. Increasing investments in green fields in the regions such as China, surge in demand for advanced flow measuring technologies, and growth in shale gas exploration activities in the US. are the major governing factors fueling the growth of the market during the forecast period.
Ultrasonic flow meter is a volumetric device which helps in measuring the flow of fluids with the ultrasound to calculate volume flow. Ultrasonic flow meter can also be used for bidirectional flow and it offers higher accuracy of the order of +/-2% of full scale. It is expensive and has a complex structure which offers very good and dynamic response. It is generally used for wastewater application or any dirty liquid which is conductive or water based.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the implementation type, the ultrasonic flow meter market is segmented as clamps-on, inline, and others. The clamps-on segment led the market in 2020, and is expected to remain dominant during the forecast period. The segment helps in measuring the flow without interruption in the process. In addition, the flow rate under different challenging environment areas is expected to boost the market’s demand.
Based on the technology type, the market is segmented as transit-time, doppler, and hybrid. The transit-time segment captured the largest share of the market in 2020, and is expected to grow at the fastest pace during the forecasted period, owing to its bi-directional and precise flow measurement advantages. Further, the segment holds over 80% share of the total market.
Based on the end-user type, the market is segmented as oil & gas, power generation, water & wastewater, and others. The oil & gas segment leads the market and is likely to be the fastest-growing segment during the forecasted period due to the accurate flow measurement, which is required for custody transfer applications.
In terms of regions, Asia-Pacific is estimated to dominate the ultrasonic flow meter market during the forecast period as the region’s most players are operating in flow meters, that find their manufacturing plants in the Asia-Pacific region. The number of investments is increasing in water & wastewater, energy, power, refining, chemicals, in China and India, which is driving the growth of the market.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Ultrasonic Flow Meter Market analysis report discusses the following heads in great detail:
It was estimated prior to this unanticipated outbreak that the Squalene Market was expected to grow at a CAGR of 8.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
July 23,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aeroderivative Gas Turbine Market.
Aeroderivative Gas Turbine Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the aeroderivative gas turbine market are increasing investment towards power & heat generation facilities and government supports in terms of rebates, incentives, and subsidies.
Aeroderivative gas turbines are lightweight configurations of gas turbines designed in such a way that fuel and air are mixed and ignited in one system to achieve desired output such as heat, electrical and mechanical energy. In this report, the market is segmented on the basis of capacity type into (<50 kW, 50 kW to 500 kW, >500 kW to 1 MW, >1 MW to 30 MW, >30 MW to 70 MW, and >70 MW. On the basis of technology type into open cycle and combine cycle. And based on the application type into Power Plants, Oil & Gas, Process Plants, Aviation, Marine, and Others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the capacity type, the market is segmented as < 50 KW, 50 kW to 500 KW, 500 KW to 1 MW, 1 MW to 30 MW, 30 MW to 70 MW, > 70 MW. The >70 MW segment dominated the market in 2019, and is expected to maintain its position during the forecast period. Growing demand for energy from wide array of sectors is likely to drive the growth of the market.
Based on the application type, the market is segmented as power plants, oil & gas, process plants, aviation, marine, and others. The aviation segment held the largest share of the market and is also expected to witness a healthy growth during the forecast period. Huge aircraft fleet size along with continuous increase in demand for new aircraft to meet rising passenger traffic is the major factor behind the dominance of the aviation segment.
In terms of regions, Europe is estimated to be the largest market for aeroderivative gas turbines during the forecast period. Huge aircraft fleet size, significant demand from power plants and processing plants, expanding oil & gas and marine industries are the major factors behind the dominance of the region. North America and Asia-Pacific are also expected to witness a healthy demand for aeroderivative gas turbine during the forecast period.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Aeroderivative Gas Turbine Market analysis report discusses the following heads in great detail:
July 23,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Waste Heat to Power Market.
Waste Heat to Power Market is likely to witness an impressive CAGR of 12.1% during the forecast period. Major factors such as growth in the robust industrial sector and surge in energy demand are bolstering the product adoption across developing economies. Further, stringent government mandates along with increasing focus to curb emissions has aligned industrial inclination toward integration of effective energy conservation measures, which is likely to drive the market during forecast period.
Waste heat to power is the capturing of heat discarded from an industrial process which could be further used to generate electricity. The waste heat streams are generated from turbines, engines, furnaces, ovens, etc. across the industrial sector. Also, landfills, mining sites, and compressor stations generate waste heat to power, which is predominantly applied in industrial sectors where the characteristics of waste heat stream are favorable.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the product type, the waste heat to power market is segmented as steam rankine cycle, organic rankine cycle, and kalina cycle. The steam rankine cycle segment is estimated to grow with the highest CAGR during the forecast period. The segment is preferred due to its ease of operation and low maintenance cost.
Based on the application type, the waste heat to power market is segmented as petroleum refining, cement industry, heavy metal production, chemical industry, pulp & paper, food & beverage, glass industry, and others. The cement industry segment is expected to remain the largest segment by application type over the forecast period. Growing prominence of ORC-based systems and huge potential for heat recovery offered by cement industry are driving the waste heat to power market for cement industry applications.
In terms of regions, Europe is estimated to be the largest market for waste heat to power during the forecast period. Technological innovations, supportive government policies and efforts to reduce GHG emissions are the factors responsible for the growth of the waste to heat market in this region. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Waste Heat to Power Market analysis report discusses the following heads in great detail:
It was estimated prior to this unanticipated outbreak that the Titanium Dioxide Market was expected to grow at a CAGR of 7.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
July 22,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Light Towers Market.
Light Towers Market is likely to witness a CAGR of 5.7% during the forecast period. The major factor driving the light towers market is the increasing investment towards light towers operation in end-use industries such as construction, oil & gas, mining, and events & sports.
Light Tower is a permanent or stationary source of flood flight, which is ideal for use in a wide array of industries. Light tower can be categorized based on light type into metal halide and LED. These towers are powered through diesel, solar/hybrid, and direct power. They are widely used in industries such as oil & gas, mining, construction, events & sports, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the market type, the market is segmented as sales and rental. The rental segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Strong demand from North America and Asia-Pacific along with the need for lower capital investment is the major factor driving the rental segment.
Based on the light type, the light towers market is segmented as metal halide and LED. The metal halide segment dominated the market in 2019, owing to increased demand from oil & gas and mining industries. On the other hand, the LED segment is expected to witness a higher growth, during the forecast period, owing to the increasing demand for energy efficient lighting systems.
Based on the fuel type, the market is segmented as diesel, solar/hybrid, and direct power. The diesel segment held the largest share of the market in 2019, owing to the fact that these light towers are operated in remote off-grid locations where access to grid power is non-existent. Further, diesel fuel is comparatively economical than other fuel sources.
In terms of regions, North America is estimated to be the largest light towers market during the forecast period. Strong investment towards infrastructure development and increasing oil & gas activities are the major factors driving the North American market. Asia-Pacific is expected to be the fastest-growing market, with China, Singapore, South Korea, Japan, and India being the major countries with lucrative growth opportunities.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Light Towers Market analysis report discusses the following heads in great detail:
July 22,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Volt/VAr Management Market.
Volt/VAr Management Market is likely to witness an impressive CAGR of 6.0% during the forecast period. The growing demand for high voltage application and reduction in power is driving the market during forecast period.
Volt/VAr management reduces energy loss by reducing reactive power flows, keeping voltages within the limits and also limiting peak power by reducing voltage. The fault awareness of medium voltage and low voltage grid is the first step towards updated grid automation. It helps in increasing network hosting capacity and provides better voltage control.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the application type, the market is segmented as distribution, generation, and transmission. The transmission segment leads the market driven by increase in number of smart grid projects and rise in electricity demand from the residential sector and also reduction in power outages and fault in distribution feeders.
Based on the component type, the market is segregated as hardware and software & services. The hardware segment held the larger share of the market in 2020, and is expected to maintain its dominance during the forecast period. Countries such as the UK, the US, France, Ireland, Norway, India, and China are coming up with new power generation projects in the renewable and non- renewable power and transmission & distribution which is expected to drive the market during the forecast period. The rise in numbers of substation automation projects in such regions is boosting the market’s growth.
Based on the end-user type, the market is segmented as electric utility and industrial. The electric utility segment is estimated to be the larger segment of the market and is projected to capture the major share during the forecast period. The segment is driven by rising investment in power generation for renewable sources.
In terms of regions, North America is expected to dominate the volt/var management market during the forecast period. The region's growth is attributed to the increasing investment in volt/VAr and renewable energy projects in the utility sector and reduction in power loss. Countries such as the US and Canada are expected to grow at the fastest rate during the forecast period.
Key Players:
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Volt/VAr Management Market analysis report discusses the following heads in great detail:
July 21,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Industrial Gas Turbine Market.
Industrial Gas Turbine Market is likely to witness a CAGR of 1.8% during the forecast period. Shifting inclination toward energy optimization, renewable energy integration, and restructuring of electrical infrastructure are some of the key factors fueling the growth of the market over the forecast period.
Industrial gas turbine is basically the combustion of the engine, normally used for generating mechanichal energy which helps the generator in producing electrical energy.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the capacity type, the market is segmented as ≤70 MW, 70-300 MW, and ≥300 MW. The ≤70 MW segment is estimated to account for the major share of the market during the forecast period on account of its wide range of applications across power generating stations, mechanical drive coupled with oil & gas and other industrial processes. Similarly, 70-300 MW capacity is also estimated to witness significant growth in the market owing to the extensive applications across small-scale generating plants and process industries, fueling the segment’s growth during the forecast period.
Based on the product type, the market is segmented as aeroderivative and heavy duty. The aeroderivative product type is estimated to account for the major share of the market on account of the availability of highly flexible and mobile technologies. Moreover, the heavy duty segment is also estimated to witness significant growth in the market owing to the growing number of manufacturing plants along with the integration of large-scale economic zones across the emerging economies.
Based on the technology type, the market is segmented as open cycle and combined cycle. The open cycle segment is estimated to be the leading technology type in the market during the forecast period on account of its various beneficial features, such as compact size, lower warm up time, lightweight, operational versatility, and less dependency on cooling water.
Based on the application type, the market is segmented as power generation, oil & gas, and other manufacturing. Power generation is estimated to be the dominating segment of the market on account of increasing focus toward the refurbishment of traditional steam and coal-fired power stations with natural gas or any other renewable energy power generating stations, fueling the overall industry growth over the forecast period.
In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period owing to its operational flexibility offered by gas fired plants as compared to coal-fired plants and modernization of infrastructure by investing in gas fired distributed energy. Further, North America is also estimated to witness significant growth in the market owing to increased focus on combined cycle gas turbine power plant capacity additions, fueling the regional market growth over the forecast period.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Industrial Gas Turbine Market analysis report discusses the following heads in great detail: