Power & Energy
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. ... 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 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
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. ... 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 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
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. ... 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
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 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. ... 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
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 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. ... 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
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
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
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
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 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
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
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
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
