Power & Energy
The global thermal energy storage market was valued at $3,000.9 million in 2017 and is projected to reach $7,472.9 million by 2023, witnessing a CAGR of 15.9% during the forecast period. Growing installation rate of concentrated solar power (CSP) systems and increasing demand for energy storage solutions for heating, ventilating, and cooling (HVAC) applications are the major factors driving the market growth. ... Continue Reading
The global carbon capture and storage market is forecasted to grow at a significant rate owning to its increasing use in applications such as enhanced oil recovery, industrial, and agricultural. Generally, carbon capture and storage refer to the capturing of the carbon dioxide from the various application processes which emit carbon dioxide. ... Continue Reading
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. ... Continue Reading
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. ... Continue Reading
Offshore wind power is generated from wind farms constructed in the ocean on the continental shelf. These wind farms are installed in the ocean for energy harvesting purpose. Offshore medium offers greater wind speed as compared to offshore medium. As a result of greater wind speed, electricity generation capacity is higher for these farms as compared onshore setting. ... Continue Reading
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. ... Continue Reading
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. ... Continue Reading
The global digital oilfield technology market was valued at $26,570.4 million in 2017 and is projected to reach $34,871.6 million by 2023, witnessing a CAGR of 4.6% during the forecast period. The market growth is driven by cost reduction by oil and gas companies and growing involvement of software companies in digital oilfield. ... Continue Reading
The installed capacity of the global energy storage market was 6,275.4 megawatt (MW) in 2017 and is projected to reach 51,426.0 MW by 2023, witnessing a CAGR of 42.5% during the forecast period. The market growth is driven by rising energy cost and rising demand for unconventional sources of energy generation. ... Continue Reading
The global well cementing services market was valued at $7,293.7 million in 2017 and is projected to reach $8,862.0 million by 2023, witnessing a CAGR of 3.4% during the forecast period. The market growth is mainly driven by the increasing exploration and production (E&P) in unconventional reserves and large number of mature wells. ... Continue Reading
The global artificial lift market was valued at $8,010.8 million in 2017 and is projected to reach $10,883.1 million by 2023, witnessing a CAGR of 5.3% during the forecast period. The market growth is mainly driven by the increasing number of mature oil and gas fields and growing ultra-deepwater and deepwater activities, worldwide. ... Continue Reading
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. ... Continue Reading
The global charcoal market is estimated to value $5,813.2 million in 2017 and is projected to grow at a CAGR of 2.0% during the forecast period. The growing demand for charcoal as a metallurgical fuel in the metal and mining industries is driving the growth of the market. ... Continue Reading
The global virtual power plant market is estimated to account for $1,975.1 million in 2017, and is projected to witness a CAGR of 18.6% during the forecast period. Increasing capacity of renewable power projects across major countries of the globe is driving the growth of the market. ... Continue Reading
Solar encapsulant market is estimated to be valued at $1,036.0 million in 2017 and is projected to reach $4,555.4 million by 2023, witnessing a CAGR of 28.4% during the forecast period. The growing demand for rooftop photovoltaic (PV) modules and rising awareness about the advantages of the solar cell technology are some of the factors driving the market growth of solar encapsulants. Solar encapsulant is a thin-film sheet that protects a solar cell or module from external moisture, dust, and air. ... Continue Reading
The GCC facility management market is estimated to attain a size of $40,210.5 million in 2017 and is projected to witness a CAGR of 10.7% during 2018-2023. The growing application of facility management in commercial buildings, residential construction projects, infrastructure projects, and industrial projects is driving the growth of the market in GCC countries. ... Continue Reading
The Qatar facility management market is estimated to attain a size of $2,679.4 million in 2017 and is projected to reach $4,386.5 million in 2023, witnessing a CAGR of 8.7% during 2018-2023. The growing application of facility management in commercial buildings, residential construction projects, infrastructure projects, and industrial projects is driving the growth of the market in the country. ... Continue Reading
The Kuwait facility management market is estimated to attain a size of $1,736.7 million in 2017 and is projected to witness a CAGR of 8.5% during 2018-2023. The growing application of facility management in commercial buildings, residential construction projects, infrastructure projects, and industrial projects is driving the growth of the market in the country. ... Continue Reading
The Saudi Arabian facility management market is estimated to attain a size of $22,211.7 million in 2017 and is projected to witness a CAGR of 11.4% during 2018-2023. The growing application of facility management in commercial buildings, residential construction projects, infrastructure projects, and industrial projects is driving the growth of the market in the country. ... Continue Reading
The global power rental market is estimated to value $9,167.6 million in 2017 and is projected to witness a CAGR of 10.3% during the forecast period. Rising GDP and population of the world and increasing demand for power from emerging economies are some of the factors driving the market growth. ... Continue Reading
The U.A.E. facility management market is estimated to attain a size of $12,269.9 million in 2017 and is projected to witness a CAGR of 9.9% during 2018-2023. The growing application of facility management in commercial buildings, residential construction projects, infrastructure projects, and industrial projects is driving the growth of the facility management market in the country. ... Continue Reading
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 ... Continue Reading
The global pump jack market size stood at $2,712.8 million in 2016, it will grow at a CAGR of 5.0% during 2017 - 2023. The growing number of mature oilfields in North America has been the major factor driving the growth of the pump jack market. ... Continue Reading
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. ... Continue Reading
According to the U.S. Department of Energy, hydrogen storage can be described as a key enabling technology for the advancement of hydrogen and fuel cell technologies in applications such as stationary power, portable power and transportation. Hydrogen can be stored either in solid, liquid or gaseous form. For storing hydrogen in gaseous form, high-pressure tanks having 350–700 bar tank pressure is required; whereas for liquid form, storage of ... Continue Reading
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... Continue Reading
Planar solid oxide fuel cell (SOFC) is a flat, thin ceramic plate that converts the chemical energy of a fuel into electricity with minimum emissions. Planar solid oxide fuel cell is a sub-type of SOFC operating at 1000°C and offers the highest energy efficiency, unlike other fuel cell types. They offer efficiencies more than 60% when converting fuel to electricity. ... Continue Reading
The global high-voltage cables market has witnessed significant growth during 2012 - 2015, due to growth in renewable energy infrastructures, projects for grid interconnections and installation of efficient transmission systems. Industries are continuously investing in the development and enhancement of the infrastructure to meet power transmission requirements. Additionally, high voltage cables are being used for underground and underwater applications ... Continue Reading
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 ... Continue Reading
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 ... Continue Reading
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 ... Continue Reading
The global dye-sensitized solar cells market is forecasted to grow at a robust pace during the forecast period (2016 – 2022) due to the increasing consumer awareness toward adverse environmental impact associated with fossil fuel-based power plants, rising adoption of renewable energy sources and technological advancements resulting in lower cost of production. The increasing focus on reducing carbon emission levels and growing demand for ... Continue Reading
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 ... Continue Reading
The global gas engines market is likely to witness considerable growth during the forecast period (2016 - 2022). This growth can be owed to significantly rising electricity demand, drop in natural gas prices, increasing environmental alarms and growing requirement to diminish CO2 emissions. Gas engines are widely used in utilities, oil and gas, manufacturing, hospitals and commercial complexes. Additionally, companies are focusing on utilizing gas engines ... Continue Reading
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 in... Continue Reading
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 ... Continue Reading
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 ... Continue Reading
The global smart grid technology market has witnessed significant growth over the past few years, due to increasing adoption of smart meters, regional government initiatives for funding smart grid projects, electric vehicles and increasing number of advanced infrastructure projects across the globe. Additionally, the efficient way of managing distributed energy resources and growing concern about reduction in carbon footprints are the factors driving the ... Continue Reading
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 o... Continue Reading
AC drives are used in applications such as oil and gas, water and wastewater, power generation, building automation, food and beverage, metals and mining and chemicals and petrochemicals. Oil and gas sector was the largest end user of AC drives in the global market, in 2015. The industry is expected to drive the global AC drives market, during the forecast period (2016-2022), on account of their widespread use to control the speed of pumps and ... Continue Reading
The global combined heat & power installation market is expected to grow at a significant rate over the forecast period (2016-2022), due to rising demand for electricity from commercial and industrial sectors, coupled with increasing shift toward generating energy from single fuel by replacing conventional separate heat and power system (SHP). Key factors such as growing awareness about the benefits of energy efficient technologies, low fuel pricing and ... Continue Reading
The global hydrogen generation market is witnessing significant growth on account of regulations set by various legislations across the globe leading to desulfurization of fuel used in transportation. Key drivers of such growth in the hydrogen generation market include growth in transportation fuels, and decline in crude quality that requires enhanced processing of hydrogen. Fuel cells are a viable option for various industries that require reliable and clean ... Continue Reading
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 ... Continue Reading
The growth in the global high pressure pumps market is being driven by the growth in the manufacturing sector in South Asian countries and increasing investments in sectors other than oil and gas in Middle East and Africa (MEA). The manufacturing industries segment is expected to grow at a significant rate, during the forecast period (2016 - 2022). The growth of these sectors is attributed to growth in the food processing and automotive industries. Growth in the manufacturing industry is expected to create opportunities i... Continue Reading
Solar Micro Inverters refer to devices that convert direct current (DC) to alternating current (AC) used in all electrical devices. Micro Inverters allow power conversion at individual module or panel level, also known as panel-level conversion. As a result, the performance of solar PV cells is not jeopardized when one or more panels are shaded. Micro inverters monitor the performance of each solar panel individually while string inverters also exhibits the ... Continue Reading
The sources of green and renewable energy are increasingly discussed, planned and developed, as nations are considering the threat of global warming and harmful effects of greenhouse gases. Due to this, biogas has become priority in the energy generation mix for most of the countries in Europe, followed by North America and Asia-Pacific, in order to reduce their dependency on the conventional energy sources. Greenhouse gases and its destructive effect on environment, are contributing to the growth of the biogas market. Th... Continue Reading
The rapid depletion of fossil fuels and global warming are creating abundant opportunities for the growth of the market. However, the high initial cost of installation of geothermal power plants is hampering the growth of the global market. The installation of geothermal power plant requires huge one-time investment to retrieve heat from deep within the earth. There are several steps involved in the installation of geothermal power plants including exploration, drilling, plant design and construction, and manufacturing of... Continue Reading
The global wind tower market was valued at $26,140.5 million in 2015, and it is expected to witness a CAGR of 7.4% during the forecast period. The increasing wind power capacity installations across the globe and increased government support for wind projects are driving the growth of the global wind tower market. Asia-Pacific accounted for the largest share in the global wind ... Continue Reading
The solar photovoltaic (PV) panels are used, as eco-friendly and renewal energy based power generation technologies around the world. These solar panels are installed upon free land and roof tops. However, solar PV systems have a major drawback of occupying large land areas. Several countries around the world do not have large free-land areas, and hence could not ... Continue Reading
The global liquefied natural gas (LNG) bunkering market is growing significantly, due to high environmental concerns across the globe and increased bunkering of LNG as marine fuel. The International Maritime Organization (IMO) is the United Nations specialized agency, which is involved in setting the standards for safety and security of international shipping and prevention of ... Continue Reading
The global rooftop solar photovoltaic (PV) market is growing significantly, due to the stringent environmental regulations across the globe, and increased awareness for the usage of solar energy around the world. Some of the other factors driving the growth of the global rooftop solar PV market are increasing energy demands, high concern for environment, and increased focus for the ... Continue Reading
Some of the drivers behind the growing demand of global LPG market include increasing consumption of autogas, and large semi-urban and rural populations in Africa, Latin America and Asia-Pacific, using cheap and easily available LPG as a cooking fuel. However, volatility in crude oil prices leading to LPG price uncertainty is expected to hamper the growth of global LPG ... Continue Reading
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 ... Continue Reading
The growing need for energy conservation has resulted in the increased installation of gas meters globally. Smart gas meters are able to provide precise consumption percentage or volume of gas, which facilitates the end users to plan their consumption and save money. This has also increased the demand of smart meters in industrial, ... Continue Reading
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 ... Continue Reading
The distributed energy generation system market is growing with a considerable rate due to increasing awareness among consumers about reducing carbon footprint, standard shift in generation of energy to green technology, and government incentive schemes. The adoption of distributed energy generation systems technology in emerging markets and development ... Continue Reading
The wave and tidal energy market is expected to grow at a significant rate in the coming years due to substantial cost reduction opportunities through capacity up-scaling and technological innovations. As wave and tidal energy are renewable forms of energy, almost all countries around the world are trying to develop wave and tidal energy because they provide a constant and ... Continue Reading
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 ... Continue Reading
The global biodiesel market is slated for a huge growth in the next few years, not only because of the growing environmental concerns, but also because of the surging prices for non-renewable sources of energy, such as petroleum. Governments are enhancing the use of biodiesel across the globe and many countries have initiated merging of conventional diesel with a percentage of biodiesel. ... Continue Reading
The green energy market is growing due to different factors in different regions. Climate changes, energy security and environment are major factors for growth of the green energy market in Europe. In the U.S. and Japan, energy security is driving the green energy market to some extent. Higher demand for energy access and economic development are some of the major ... Continue Reading
The enhanced oil recovery market is expected to grow in Asia-Pacific due to the factors such as high sustained oil prices and increase in imports. Developing countries such as Brazil, India, and Canada have major operational chemical enhanced oil recovery projects. Countries such as Canada and Romania have some ongoing projects using in-situ combustion process. ... Continue Reading
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 ... Continue Reading
North America had the highest wireline services market owing to the reason that numerous top oil field service companies like Baker Hughes, Halliburton, SchlumIn simplest form, wireline consist a single filament of metal wire with diameter in the range of 0.105” and 0.130”. Wireline services are a cabling technology used by gas wells and oil operators for lowering the measurement ... Continue Reading
