Power & Energy
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 key trend identified in the global hydrogen generation market is the growing investments in the research and development (R&D) of hydrogen production technologies. As per World Energy Outlook 2018 by the International Energy Agency (IEA), investments in water electrolyzers for the production of hydrogen have increased considerably in recent years. ...
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. ...
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 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. ...
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 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. ...
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. ...
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 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 virtual power plant (VPP) market was valued at $1,975.1 million in 2017, and it is expected to display a CAGR of 18.6% during the forecast period (2018–2023), reaching $5,510.2 million by 2023. ...
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. ...
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. ...
The global hydrogen storage market valued $477.7 million in 2016 and is projected to grow at a CAGR of 7.6% during the forecast period (2016–2026). The market growth is primarily being driven by the increasing focus of utility companies on producing energy from renewable sources, such as hydrogen and oxygen. ...
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 ...
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 in...
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. ...
In 2015. the global wind tower market was estimated at $26,140.5 million, and is expected to witness a CAGR of 7.4% during the forecast period (2017–2022). ...
In 2014, the global market of floating solar panels valued at $3.89 million, and is projected to witness a growth rate at a CAGR of 116.1%, during the forecast period. ...
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. ...
