Report Title
The gas engines market size stood at USD 4,692.1 million in 2022, and it is expected to witness a compound annual growth rate of 4.0% during 2023–2030, to reach USD 6,334.7 million by 2030.
The global residential energy storage market size was USD 815.2 million in 2022, and this number is expected to increase to USD 3,099.8 million by 2030, advancing at a CAGR of 18.2% during 2022–2030.
The value of the global thermal management technologies market was USD 10,412.8 million in 2022, which is predicted to reach USD 22,862.1 million by 2030, advancing at a CAGR of 10.3% during 2022–2030.
The oil spill management market size stood at USD 139.8 billion in 2022, and it is expected to exhibit a compound annual growth rate of 3.2% during 2022–2030, to reach USD 179.6 billion by 2030.
The shore power market size stood at USD 1,568 million in 2022, and it is expected to advance at a compound annual growth rate of 12.2% during 2022–2030, to reach USD 3,932 million by 2030.
The perforating gun market size stood at USD 1,112 million in 2022, and it is expected to grow at a CAGR of 5.70% during 2022–2030, to reach USD 1,733 million by 2030.
The global pressure vessel market was valued at USD 47.6 billion in 2022, and it is expected to reach USD 68.2 billion by 2030, advancing at a CAGR of 4.60% during 2022–2030.
The global advanced lead–acid battery market size stood at USD 24.2 billion in 2022, and it is expected to propel at a compound annual growth rate of 7.3% during 2022–2030, to reach USD 42.6 billion by 2030.
The distributed control system market size stood at USD 18,780 million in 2022, and it is expected to advance at a compound annual growth rate of 5.7% during 2022–2030, to reach USD 29,261 million by 2030.
The Saudi Arabian DG sets market size stood at USD 412.7 million in 2022, and it is predicted to reach USD 555.4 million by 2030, advancing at a CAGR of 3.8% during 2022–2030.
The global electric traction motor market was valued at USD 12,669 million in 2022, and it is projected to grow at a CAGR of 13.5% between 2022 and 2030.
The global environmental remediation market was valued at USD 110.67 billion in 2022, and the market size is expected to reach USD 198.11 billion by 2030, advancing at a CAGR of 7.5% during 2022–2030.
The solid oxide fuel cell market size stood at USD 470 million in 2022, and it is projected to advance at a compound annual growth rate of 34.4% during 2022–2030, to reach USD 5,005 million by 2030.
The electric motors market size stood at USD 123.76 billion in 2022, and it is expected to grow at a compound annual growth rate of 6.75% during 2022–2030, to reach USD 208.70 billion by 2030.
The global carbon credit trading platform market accounted for a size of USD 103 million in 2022, and it is set to touch USD 479 million by 2030, advancing at a compound annual growth rate of 21.20% during 2022–2030.
The wave energy converter market size stood at USD 21.08 million in 2022, and it is expected to grow at a CAGR of 4.70% during 2022–2030, to reach USD 30.44 million by 2030.
The blue hydrogen market size stood at USD 17,654 million in 2022, and it is expected to grow at a compound annual growth rate of 11.70% during 2022–2030, to reach USD 42,783 million by 2030.
The offshore pipeline market size stood at USD 13,571 million in 2022, and it is expected to grow at a compound annual growth rate of 4.10% during 2022–2030, to reach USD 18,716 million by 2030.
The energy as a service market size stood at USD 68.41 billion in 2022, and it is expected to witness a compound annual growth rate of 10.26% during 2022–2030, to reach USD 149.45 billion by 2030.
The biomass gasification market size stood at USD 107.7 billion in 2022, and it is expected to grow at a CAGR of 7.16% during 2022–2030, to reach USD 187.3 billion by 2030.
The fuel cell generator market size stood at USD 330 million in 2022, and it is expected to advance at a compound annual growth rate of 17.50% during 2022–2030, to reach USD 1,199 million by 2030.
The global power rental market size stood at USD 9,702 million in 2022, and it is expected to grow at a CAGR of 5.7% during 2022–2030, to reach USD 15,117 million by 2030.
The energy storage market size stood at 36,774 MW (Megawatts) in 2022, and it is expected to grow at a CAGR of 35.2% during 2022–2030, to reach 410,543 MW by 2030.
The global floating solar panels market is estimated to be USD 2,731 million in 2022, and the market size is predicted to reach USD 40,662 million by 2030, advancing at a CAGR of 40.2% during 2022–2030.
The global lubricants market is estimated to generate USD 139,175 million in 2022 and is expected to grow at a CAGR of 3.20% during the forecast period.
The lithium-ion battery market size was valued at $49.6 billion in 2022, and it is expected to grow at a CAGR of 16.3% during 2022–2030, to reach $165.6 billion by 2030.
The global hydrogen energy storage market size is estimated to generate $14,100 million in 2022, and it is expected to reach $304,108 million by 2030, advancing at a growth rate of 46.80% during 2022–2030.
The global diesel exhaust fluid market size stood at $34,763 million in 2022, and it is expected to advance at a compound annual growth rate of 7.60% during 2022–2030, to reach $62,462 million by 2030.
The global lithium-ion battery recycling market is estimated to generate $4,781 million in 2022, and it will advance at a compound annual growth rate of 20.45% during 2022–2030, to reach $21,184 million by 2030.
The global virtual power plant market was valued at $3,367.7 million in 2022, and it is expected to display a CAGR of 16.9% during the forecast period, reaching $12,273.3 million by 2030.
The Indian diesel genset market size estimated at $937.1 million in 2022, and it is expected to advance at a compound annual growth rate of 8.8% during 2022–2030, to reach $1,839.5 million by 2030.
The Saudi Arabian facility management market was estimated to generate $37,378.1 million in 2022, and it is expected to grow at a CAGR of 11.2% during 2022–2030, to reach $87,248.7 million by 2030.
The U.A.E. facility management market size stood at $15,768 million in 2021, and it is expected to advance at a compound annual growth rate of 9.8% during 2021–2030, to reach $36,575 million by 2030.
The global heat transfer fluids market size in 2021 was $3,628.1 million, and it is expected to advance at a CAGR of 9.6% during 2021–2030, to reach $8,247.1 million by 2030.
The global wind tower market was valued at $24,974.3 million in 2021, which is further expected to increase to $51,972.4 million by 2030, advancing at a CAGR of 8.5% during the forecast period.
The solid-state battery market size is projected to reach $775.2 million by 2030 from $61.3 million in 2021, at a 32.6% CAGR during 2021–2030.
The Indian non-solar high-capacity inverter market size stood at $391.3 million in 2021 and is projected to reach $760.1 million by 2030, advancing at a CAGR of 7.7% during 2021–2030.
The Democratic Republic of the Congo diesel generator set market size stood at $46.4 million in 2021, and it will grow at a CAGR of 3.3% during 2021–2030, to reach $62.1 million by 2030.
The India stabilizers market size was $676.2 million in 2021, and it is expected to generate $1,359.8 million by 2030, advancing with a CAGR of 8.1% during 2021–2030.
The Malaysian diesel generator set market size stood at around $82.6 million in 2021, and it will grow at a CAGR of 1.9% during 2021–2030, to reach $97.9 million by 2030.
The telecom power system market size was valued at $3,974.1 million in 2021, and it is expected to reach $7,360.2 million in 2030, propelling at a growth rate of 7.1% during 2021–2030.
The global carbon capture, utilization, and storage market size was valued at $2,037.0 million in 2021, and it is expected to advance at a CAGR of 27.3% during 2021–2030, to reach $17,835.6 million by 2030.
The Vietnam diesel generator set market size stood at around $109 million approx. in 2021, and it will grow at a CAGR of 3.6% during 2021–2030, to reach $150 million approx. by 2030.
The Japanese diesel generator set market size stood at $1,120 million approx. in 2021, and it will grow at a CAGR of 5.5% during 2021–2030, to reach $1,816 approx. million by 2030.
The global advanced distribution management system market size stood at an estimated $1,998.0 million in 2021, which is projected to advance at a CAGR of 19.7% during 2021–2030, to reach $10.097.9 million by 2030.
The global functional safety market size in 2021 was $4,839.2 million, and it is expected to advance at a CAGR of 7.1% during the forecast period, to reach $8,990.6 million by 2030.
The global switchgear market size stood at $93,432.6 million in 2021, and it will grow at a CAGR of 5.9% during 2021–2030.
The Thailand DG set market size was $158.3 million in 2021, and it is expected to generate $236.9 million in 2030, progressing at a CAGR of 4.6% during 2021–2030.
The U.A.E. diesel generator set market was valued at $143.6 million in 2021, and it is expected to witness a CAGR of 4.0% during 2021–2030.
The data center UPS market size stood at $5,729.0 million in 2021, and it is expected to rise at a compound annual growth rate of 6.5% during 2021–2030.
The Zambian diesel genset market size stood at $13,762.1 thousand in 2021, and it is expected to demonstrate a CAGR of 4.9% during 2021–2030.
The Madagascar diesel genset market size generated an estimated $21,429.8 thousand revenue in 2021, and the market size will advance at a CAGR of 2.9% during 2021–2030.
The South African DG set market size generated an estimated revenue of $113,289.3 thousand in 2021, and the market size will advance at a CAGR of 3.9% during 2021–2030.
The U.S. diesel genset market size stood at $2,175.6 million in 2021, and it is expected to rise at a growth rate of 4.1% during 2021–2030.
The Ghana DG set market size stood at $54,572.6 thousand in 2021, and it is expected to demonstrate a CAGR of 2.3% during 2021–2030, to reach $67,032.6 thousand by 2030.
The data center power generators market size stood at $5,097.1 million in 2021, and it is expected to rise at a growth rate of 5.9% during 2021–2030.
The data center power market revenue stood at $19,555.1 million in 2021, and it is predicted to grow at a CAGR of 6.1% between 2021 and 2030, to reach $33,380.1 million by 2030.
The global fuel cell market size was about $1,799.9 million in 2021, and it is expected to advance at a CAGR of 33.2% during 2021–2030.
The Philippines diesel generator set market size stood at $152.9 million in 2021, which is expected to reach $245.2 million by 2030, at a CAGR of 5.4% during 2021–2030.
From an estimated $143.6 million in 2021, the Indian prime power diesel genset market value is projected to demonstrate a CAGR of 10.6% during 2021–2030.
The Indonesian diesel genset market generated an estimated revenue of $339.9 million in 2021, and it is expected to grow at a CAGR of 4.5% during 2021–2030, primarily due to the growth in the industrial and construction sectors, high incidence of power outages, and boom of the telecom sector.
The Kuwaiti facility management market is estimated to have generated $954.4 million revenue in 2021, and it is expected to grow at a CAGR of 8.5% during 2021–2030.
The Qatari facility management market generated revenue of $5,285.1 million in 2021, and it is expected to grow at a CAGR of 17.3% during 2021–2030.
The Nigerian diesel genset market generates $445.1 million revenue in 2021, and it is expected to grow at a CAGR of 6.8% during the forecast period (2021–2030).
The Nigerian gas genset market generates $259.8 million revenue in 2021, and it is expected to grow at a CAGR of 7.9% during the forecast period (2021–2030). The key factors responsible for the growth of the market include the booming industrial and commercial development amidst long-standing energy crisis.
The Indian residential diesel genset market generated $91.3 million revenue in 2020, and it is expected to grow at a CAGR of 7.1% during 2020–2030.
The French LPG market generated $7,691.2 million revenue in 2020, and it is expected to grow at a CAGR of 2.1% during 2020–2030. The key factors responsible for the growth of the market include the increasing government incentives and the low upfront cost and less storage space required by LPG boilers.
The global fuel additives market was valued at $5,032.7 million globally in 2020, and it is expected to grow at a CAGR of 4.9% during the forecasted period of 2021–2030.
The global flywheel energy storage market was valued around $300.0 million in 2020. This is driven by the increasing need for electricity in remote places, rising government policies related to the production of electricity, and surging need to change the traditional energy generation methods, which are currently expensive.
The global bioethanol market stood around $38.0 billion in 2020, and is expected to grow at a significant rate during the forecast period. The major factors responsible for the growth of the market are the increasing need for sustainable alternative fuels, depletion of natural resources, surging energy consumption, and excessive greenhouse gas production.
The global biodiesel market generated revenue of around $39.0 billion in 2020. The major factors responsible for the growth of the market are the increasing demand for biodiesel to replace crude oil, surging research and development (R&D) activities on it, and different government initiatives and mandatory regulations for its adoption.
The North American charcoal market is expected to reach $466.6 million by 2030. This is primarily attributed to the increasing consumption of barbecued food and significant usage of charcoal in recreational cooking.
The U.A.E. mechanical, electrical, and plumbing (MEP) services market stood at $3,025.9 million in 2020, and it is expected to grow at a CAGR of 15.7% during the forecast period (2021–2030).
Increasing urbanization and industrialization across the globe is propelling the demand for facility management services. Furthermore, the growing number of corporate offices, shopping malls, and retail stores has led to an increase in the demand for these services.
The global distributed solar power generation market is projected to showcase a strong growth during the forecast period (2021–2030), on account of increasing installation of solar panels.
The Gulf Cooperation Council (GCC) facility management market valued $53,804.3 million in 2019, and it is projected to witness a CAGR of 10.1% during the forecast period (2020–2030).
The hydrogen market revenue stood at $136,185.0 million in 2019, and it is expected to witness a CAGR of 4.3% during 2020–2030.
The global diesel genset market stood $13,773.0 million in 2019, which is set to witness a CAGR of 6.0% during the forecast period (2020–2030). This growth is majorly attributed to the rising demand for emergency and stationary power backup across various end-use industries, namely marine, oil & gas, manufacturing, healthcare, construction, telecom, and automotive.
The Iranian diesel generator set market is expected to witness a strong growth during the forecast period, owing to the increasing demand for diesel generator (DG) sets from the industrial sector of the country. In recent years, the country has received investments for the setup of new manufacturing facilities, along with the growth in the construction sector.
A key trend observed in the Kuwaiti diesel generator set market is the steady-increasing usage of diesel generator (DG) sets in the commercial sector. The government of the country is taking initiatives for diversifying the economy from the oil sector. Additionally, it is focusing on providing adequate infrastructure to meet the growing needs of the citizens.
A key trend being observed in the Singapore diesel generator set market is the demand for such equipment from data centers and the infrastructure sector of the country.
The Russian diesel generator set market is poised to witness strong growth on account of the increasing investments in the development of public infrastructure, such as hospitals, educational institutes, and shopping complexes.
In recent times, increasing usage of diesel generator sets in the mining sector of Australia is boosting the Australian diesel generator set market growth. Since mining sites in the country are at remote locations, wherein there is no grid connectivity, diesel gensets serve as a solution for power generation required for mining purpose.
In recent years, the Qatar diesel generator set market has witnessed a rise in demand from the mining and metalworking sector. Since the mines in the country are in remote locations where there is no access to the grid, DG sets play a vital role in supplying power for continuous operations.
The South African charcoal briquettes market stood at $136.0 million in 2019, and it is expected to reach $286.7 million by 2030, demonstrating a CAGR of 8.8% during the forecast period (2020–2030).
The India gensets market size stood at $554.5 million in 2019, and it is set to grow at a CAGR of 6.8% during the forecast period (2020–2030). This is mainly attributed to the rising demand for medium- and high-power gensets from the commercial sector and growing construction and manufacturing industries.
The Asian charcoal briquettes market stood at $952.5 million in 2019, and the market size is expected to showcase a CAGR of 6.2% during the forecast period (2020–2024).
The offshore wind turbine market size was $24,683.3 million in 2019. This market thrives on factors such as the implementation of favorable government policies in several countries, huge investments being made in renewable energy sources, and constant technological advancements in offshore plants.
From $17,592.6 million in 2019, the global genset market is expected to reach $27,863.8 million by 2030, witnessing a CAGR of 5.8% during 2020–2030.
The global ultra-thin solar cells market valued $30.0 million in 2019, and it is expected to grow at a CAGR of 56.9% during the forecast period (2020–2030). The declining prices of such photovoltaic (PV) panel components and rising demand for renewable energy are the key factors driving the advance of the industry around the world.
Energy efficiency and digitization are two prominent trends identified in the global pad-mounted transformer market. Boosting output is one way to achieve power targets. Energy efficiency is another means of augmenting the overall power capacity via less wastage and more efficient, lower consumption and also aids in meeting lower carbon emission targets under the United Nation Sustainable Development Goals (UN SDG).
Increasing demand for energy storage, microgrid and artificial intelligence (AI) technologies, and digitization, and falling costs of installation of renewable energy solutions are some of the key trends observed in the global renewable energy market.
A prominent trend observed in the global mechanical energy storage market is the utility application of energy storage and associated grid technologies. As utility-scale solar technology maintains and gains popularity, utility asset owners are now looking to store energy to smooth peak demand curves and provide back-up power.
The major trend identified in the global solar tracker market is the development of the solar trackers for non-standard sites, such as capped landfills. Traditionally, solar trackers are mounted on posts that are driven directly into the ground or less frequently on posts that use concrete foundations or ballast.
The major trend identified in the global smart battery charger market is rapid development in the electric vehicle smart charging management system. Traditional charger are not connected to the cloud, but with smart battery charger, one can monitor, manage, and restrict the use of one’s device remotely to optimize energy consumption. Further, in order to create a more sustainable energy system based on renewable energy sources, electric vehicle chargers and charging systems need to be smart.
The key trend identified in the global compressed air energy storage market is growing demand for efficient energy storage systems that result in declining the usage of diabatic energy storage system, due to its low efficiency as compared to other storage systems.
In the global smart solar market, the increasing demand for energy from residential and industrial end users and depleting natural resources have resulted in the need to control the energy consumption and switch to more efficient and cleaner energy generation source.
The major trend identified in the power tool batteries market is the growing consumer preference toward cordless power tools, owing to an increase in the demand for more-mobile and easy-to-carry equipment.
The perovskite solar cell (PSC) market holds a high potential for growth during the forecast period, due to the increasing research and development activities for PSCs, along with the increasing awareness on the advantages offered by these over silicon photovoltaic (PV) devices. A PSC is a solar cell with a perovskite-structured compound, which offers superconductivity and magnetoresistance.
A solar pump or a solar-powered pump is a system, which operates on electricity generated by photovoltaic panels, in order to pump water. It is a suitable alternative to traditional generators that run on fossil fuels for pumping water, since it generates electricity using sunlight.
The Philippines charcoal market is forecasted to account for a value size of $688.2 million by 2030, from its value of $500.0 million in 2019, with the market demonstrating a CAGR of 2.9% during the 2020–2030 period.
Valued at $5,882.8 million in 2018, the global charcoal market is projected to surpass $6,566.5 million by 2024, witnessing a CAGR of 1.9% between 2019 and 2024.
One of the major trends identified in the global combined heat and power (CHP) installation market is technological innovation in the designing of micro CHP systems to reduce cost and improve efficiency, along with the availability of fuel variants.
Factors trending in the global lighting contactor market include the introduction of regulations by governments across the world for promoting energy-efficient lighting systems and the increasing rate of automation for power monitoring in commercial complexes, residential buildings, and government premises.
Rising expenditure for oil production across the world to meet the soaring energy demand and tightening government regulations with respect to the management of drilling waste to avoid its hazardous environmental impact are the major trends identified in the drilling waste management market.
Estimated at $7,577.6 million in 2018, the global well cementing market is expected to reach $10,065.4 million by 2024, demonstrating a CAGR of 4.7% during the forecast period.
Shift of exploration projects from conventional oil and gas to shale oil and gas across several regions in the world, involving hydraulic fracking process, which needs a large volume of water to extract oil and gas from shale well. In order to inject water with high pressure into shale well, exploration and production (E&P) companies require high-pressure pumps.
Prominent trend identified in the global distributed energy generation systems market is increasing investment for micro grids due to lack of proper macro grid connectivity in several countries. In November 2016, International Energy Agency (IEA), estimated that 1.2 billion people, around 17% of the world’s population have no or a very limited access to electricity with the majority of this population located in Sub-Saharan Africa and East Asia.
Prominent trends identified in the global smart grid technology market are growing investments in research and development (R&D) of smart technology software such as wide area monitoring and controlling, renewable energy integration, and advanced metering infrastructure. Also, several governments are looking for efficient methodologies to manage distribution of energy sources and reduce carbon emissions released by conventional energy resources.
Prominent market trends identified in the global biogas market include mergers and acquisitions between market players, and technology transfer by major companies to sustain or strengthen their market share. A number of these activities are supported by governments in order to reduce dependency on conventional energy sources and to reduce the threat from global warming and harmful effects of greenhouse gases.
According to Global Energy Statistical Handbook (2018), there has been an increase in worldwide energy production and consumption during 2009–2017. The developing countries like India, China, and Indonesia have contributed to much of it.
Growing adoption of rooftop solar photovoltaics (PV) panels in residential and commercial installations for generation of power using solar energy and increased investment by major players in the solar energy industry for the development of rooftop solar PV panels are the key trends witnessed in the global rooftop solar PV market.
Major trend being witnessed in the global wave and tidal energy market is the increased investment in the development of power projects associated with wave and tidal energy. Owing to the limited availability of conventional fuels such as oil, gas, and coal along with associated pollution released by the consumption of these fuel sources, a large number of countries are investing in cleaner energy sources, including wave and tidal energy.
The major trend being observed in the global enhanced oil recovery market is increased investments by companies to boost the production of oil and gas. Owing to the large-scale consumption of oil and gas, many market players are focusing on expanding their production capacity, mainly through the upgradation of existing wells, exploration of new wells, and expansion in new geographies.
Major trend being witnessed in the global green energy market is increased investment in the development of power projects associated with clean and green energy. Owing to the limited availability of the conventional fuels such as oil, gas, and coal along with associated pollution released by consumption of these fuel sources, a large number of countries are investing in clean energy sources including solar energy, hydropower, wind energy, biofuels, and geothermal energy.
Growing adoption of liquefied natural gas (LNG) as a bunker fuel and technological advancements in ship-to-ship LNG bunkering are the key trends witnessed in the LNG bunkering market. LNG produces lower sulfur content and greenhouse gas emissions than traditionally used maritime fuels, such as heavy fuel oil, marine diesel fuel, and marine gas fuel.
The major trend being witnessed in the global wireline services market is increased investments for boosting the production of wireline service products. Owing to the large-scale application of these products in the oil and gas industry, most of the market players are focusing on expanding their production capacity.
The recent trend in the global LPG market is related to demand-supply dynamics of LPG. This includes shift of over-dependency of supply of the cooking gas from the Middle-East region to a more decentralized worldwide production of these gases.
The major trend identified in the global high voltage cables market is the growth in energy infrastructure, coherent integration of energy efficient systems, and projects for centralization and decentralization of grids. This is likely to offer traction to the market.
The growing utilization of gas (by residential and commercial installations) over conventional sources of energy, such as oil and fossil fuels, is identified as a major trend in the gas meters market. This shift is likely to open new areas of application for these meters as well as growth opportunities in related services, such as support and logistics, and data management.
Increasing environmental awareness among customers, provision of government incentives and tax rebates to install solar panels, and significantly reducing prices of key components to make solar cells/modules, such as silver and polysilicon, are the key factors driving the growth of solar panel market. Cost-effective renewable forms of energy are gaining wide acceptance over conventional sources of energy.
The global dye-sensitized solar cells market was valued at $28,451.4 thousand in 2017 and is projected to reach $60,589.4 thousand by 2023, witnessing a CAGR of 13.2% during the forecast period.
The thermal energy storage market revenue stood at $3,000.9 million in 2017, and it is expected to reach $7,472.9 million by 2023, advancing at a CAGR of 15.9% during 2018–2023.
World over, the focus on adoption of cleaner energy has resulted in increased development of renewable power projects. However, these projects being intermittent in nature have resulted in development of battery storage solutions that can effectively coordinate with grid operations. Grid scale battery are the energy storage solutions meant for storing electricity on a large scale mainly in an electrical power grid.
With the onset of renewable energy projects and rising sales of electric vehicles, the demand for highly efficient batteries has increased considerably. Lithium Air batteries are one such energy storage solutions which have high capacity to store power. These batteries are different from the traditional Lithium-ion batteries which utilizes intercalated lithium-based compound as lithium air batteries mainly use Lithium and air for facilitating the flow of energy.
In the oil and gas industry, drill bit is used as component to produce cylindrical hole in earth's crust for the discovery and extraction of crude oil and natural gas. This type of tool is mainly used IN rotary drilling method to produce hole in oil and gas field. Prime objective for using this type of tool is to maximize the rate of penetration of the formation and ensuring longer service life of the formation produced through drilling.
Advanced biofuel are the fuels, which can be produced from various types of non-food biomass such as agricultural waste streams, lignocellulose, woody crops, and others. This type of biofuel is known as second-generation biofuel.
The global digital oilfield technology market was valued at $26,570.4 million in 2017, and it is predicted to surpass $34,871.6 million by 2023, witnessing a CAGR of 4.6% during 2018–2023 (forecast period).
The global artificial lift market was valued at $8,010.8 million in 2017, and it is expected to reach $10,883.1 million by 2023, registering a CAGR of 5.3% during the forecast period (2018–2023).
The global solar panel recycling market is estimated to be valued at $80.7 million in 2017 and is projected to reach $269.8 million by 2023, witnessing a CAGR of 22.0% during the forecast period. Increasing adoption of solar power as a source of energy and favorable government regulations supporting sustainable development are the key factors driving the market growth.
The global solar encapsulant market was valued at $1,036.0 million in 2017, and is expected to surpass $4,555.4 million by 2023 with a CAGR of 28.4% between 2018 and 2023.
Thermally driven heat pumps are gaining huge popularity with the growing emphasis on being eco-friendly. Some of the major factors driving the thermally driven heat pumps market include soaring demand for renewable energy, rising oil and electricity prices and growing measures to reduce carbon footprints, globally. However, the lack of customer awareness and higher cost of initial set-up are hampering
The global pump jack market generated $2,712.8 million in 2016, and it is further projected to reach $3,800.0 million by 2023, exhibiting a CAGR of 5.0% during the forecast period (2017-2023).
Solar photovoltaic (PV) glass is a technology that incorporates transparent semiconductor-based photovoltaic cells, known as solar cells, enabling the conversion of sunlight into electricity. These solar cells are embedded between two glass panes and are used for PV applications in either crystalline silicon or thin film form. For crystalline silicon solar cells, solar PV cells use ultra-clear figured glass as cover, while for thin film solar cells, super clear float glass is used.
Critical power and cooling solutions include uninterrupted power supply (UPS), generators, converters, inverters, transfer switches, power transfer switching, breaker transfer pairs, generator paralleling breakers, switch transfer pairs, air conditioning, chilling units, cooling towers, liquid cooling solutions, economizer systems, control systems, pumping units, humidifiers, and air coolers. Critical power and cooling solutions provide protection against data loss, hardware damage and downtime. Additionally, critical pow
The global planar solid oxide fuel cell (SOFC) market stood at $379.9 million in 2015, and it is expected to reach $804.9 million by 2022, demonstrating a CAGR of 11.4% during the forecast period (2016–2022).
The global wind energy foundation market is projected to grow at a significant level, during the forecast period, on account of increasing demand for clean energy resources and rising number of installations in the wind power sector. Wind energy is expected to be the largest application in terms of value in the global power production during the forecast period (2016 - 2022), due to increasing government reforms and policies focusing on adaptation of renewable
The global air core drilling market is poised to grow at a robust pace during the forecast period (2016 - 2022) on account of increasing requirement for effective techniques for extraction in applications such as mines and oil and gas wells. Additionally, factors such as increasing energy demands, rising investments in exploration and production (E&P) activities and advancement in air core drilling technology are further expected to drive the market for air
The global dry-type transformer market is expected to showcase considerable growth during the forecast period (2016 - 2022) on account of growing energy demands, reduction in fire hazards and increasing requirement for adopting safe methods to distribute electricity for residential and commercial applications. The safety advantages and the environment-friendly nature of dry-type transformers over oil-filled transformers are expected to further spur the
According to the U.S. Department of Energy (DOE), CSP is a technology that generates solar power by using mirrors to reflect and concentrate sunlight onto receivers. The technology is gaining traction in the global concentrating solar power market. CSP technologies could collect solar energy, convert it into thermal energy for power generation and stored to produce electricity as and when required. This would in turn, enable CSP systems to be used as a
The global string inverter market is expected to grow at a robust pace, during the forecast period (2016-2022). Several characteristic features such as easy installation and customization, decline in system cost and removal of efforts in system monitoring are expected to support overall growth in the market; however, the higher heat loss due to the large size and no panel level monitoring are expected to hinder the growth of global string inverter market. String inverters are used in residential sectors, commercial and indus
Transformer monitoring systems could be used to monitor and diagnose the health of transformers and these systems help the end users to detect and identify failures in transformers that is expected to reduce the repairing costs. Increasing energy demand from developing nations and growing incidences of power outages in developed and developing countries is expected to augment the demand for transformer monitoring systems across the globe, during
The global busbar market has been witnessing considerable growth due to increasing application of busbars in the power infrastructure sector, which includes substations, switchgear, transformers and other transformation and distribution (T&D) equipment. With the rise in power generation, transmission and distribution projects, the global demand for busbars is expected to witness a substantial increase during the forecast period. Further, emerging
The global temporary power market is driven by various factors including growth of construction and infrastructural activities, lack of electricity supply and an increase in the number of planned events. The temporary power market has a large end-user base, including events, construction, manufacturing, mining, telecom, utilities, oil and gas and residential. The utilities and oil and gas segments are among the largest segments driving the temporary power market across the globe. The growth can be attributed to the lack of e
The global motor control system market is showcasing significant growth due to increasing level of industrial automation. The industrial segment is the largest end-user for motor control centers, due to large-scale application in various industries. The industrial segment has been further sub segmented into oil and gas, chemicals, mining and metals, cement and utilities. The oil and gas and mining and metals segments are the largest end-users in the industrial
The global solar micro inverters market generated the revenue of $431.6 million in 2015, and is projected to reach $1,968.7 million by 2026, registering a CAGR of 15.3% during the forecast period (2016–2026).
The global geothermal power market is projected to advance at a CAGR of 11.6% during the forecast period (2016–2022) and reach $6,518.9 million by 2022.
Some of the major factors driving the growth of the global completion equipment market are increasing demand of completion equipment, and increasing energy demands. Different players are investing huge capital for the exploration and production of oil sites; which is again fuelling the growth of the global completion equipment market. In addition, the increasing developments for
The global drilling fluids market is developing exponentially because of the rising worldwide vitality request, the shale blast, and deepwater drilling exercises. Attributable to exhausting coastal reserves the market is moving its center towards growing offshore areas. This expands the general cost and prompts the utilization of all the more drilling fluids which thusly creates higher income
The subsea production and processing systems market is growing due to high-investment and in producing regions such as Africa, Latin America and Middle East. Offshore operations on a large scale in regions such as Golden Triangle and Arctic consisting of offshore Brazil, Gulf of Mexico and offshore West Africa are acting as the opportunities for the subsea production
The petroleum coke market is growing at a significant rate due to emerging economies in the Asia-Pacific region. As the largest importer of petroleum gas, Asia-Pacific dominates the petroleum coke market in terms of demand. In China, most of the petroleum coke is used in power plants for generating electricity, whereas in India most of the petroleum coke is used in cement kilns owing