Superconducting Wire Market 2019 Business Opportunities, Trends, Growth and Regional Forecast To 2023

Superconducting wire is composed of superconductors such as niobium-titanium. It displays zero electrical resistance when cooled below its transition temperature. Currently, high temperature superconductors such as yttrium barium copper oxide (YBCO) tend to offer greater advantages over copper and aluminum such as higher maximum current densities and zero power dissipation. Superconducting wires are also used in transformers, in power storage devices, smart grid as well as in electric motors. Superconducting wires are of two types, high-temperature superconducting wires and low-temperature superconducting wires, based on temperature at which the conductor needs to be cooled to make it a superconductor.

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The global Superconducting Wire market is projected to grow at a high rate during the forecast period, due to various activities going on in the field of superconductivity. There are several research projects based on superconductors, which are underway, in the universities such as University of Houston, and Massachusetts Institute of Technology in the US which have made several breakthroughs in superconductor technologies for medical, energy, and industrial applications.

Segmental Analysis

Global Superconducting Wire market has been segmented based on connectivity, type, application, and region. Based on type, the market is classified into high temperature superconductors and low & medium temperature superconductors. High temperature superconducting wire segment is expected to dominate the superconducting wire market owing to increased use of these types of wires in medical, industrial processing, research, and electronics.   

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Regional Outlook

Region wise, Europe held the largest market share of the global superconducting wire market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in automation and advancement in computer chip designing technology. Moreover, Superconducting wires can be used for various applications including high field magnet applications and nuclear magnetic resonance (NMR) & magnetic resonance imaging (MRI) magnets. Also, computer chip designing technology of which superconducting wire is an integral part is also witnessing some major technological advancement.

Key Players

The key players of global superconducting wire market are American Superconductor Corporation, Fujikura Ltd., Furukawa Electric Co., Ltd., Superconductor Technologies Inc., Bruker Corporation, Eaton, Sumitomo Electric Industries, Superox, Theva Dunnschichttechnik GmbH, Japan Superconductor, Phoenix Contact, and Fuji Electric, among others

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Gas Genset Market In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis by Key Players 2023

Gas genset consists of a gas engine and generator. The engine converts the chemical energy of a fuel to mechanical energy and this mechanical energy is used to spin the alternator rotor, thereby converting the mechanical energy to electrical energy. The alternator consists of two parts i.e. a rotor and stator. The various fuel includes natural gas, biogas, and others. The other components of genset are fuel day tank, basecamp, cooling system, and an enclosure, if needed. Gensets provide energy mostly in geographical areas which are not connected to power grid and in areas with frequent power outages. So, gensets can be used either as a main source of energy or as a supplementary source of power.  The gas gensets are environment friendly and produces lower carbon, sulfur, and nitrogen emissions.

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The growing demand for Gas Genset is attributed to increasing industrialization, especially in developing countries such as China and India. Generators are becoming popular in commercial and industrial applications as they provide uninterrupted power supply which is an important aspect of any manufacturing facility for uninterrupted production activities. Moreover, factors such as extreme weather conditions, stringent environmental norms, and infrastructural developments are likely to drive the gas genset market. Asia-Pacific and North America are expected to witness a strong growth for gas gensets as there is abundant natural gas available in these regions.

Key Players

The key players of the global Gas Genset market are Caterpillar, Cummins, Wartsila, Siemens AG, General Electric, ABB Ltd., Generac Power Systems, MTU Onsite Energy GmbH, PARAMAC, Sudhir Power, and Himoinsa, among others.  

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Segmental Overview

The market for Gas Genset is segmented based on fuel as natural gas, biogas, and others. The natural gas segment dominates the market. Natural gas industry in North America has transformed in the last decade due to shale gas exploration which has dramatically revitalized natural gas exploration and production. Moreover, natural gas is rapidly moving from being a commodity traded between certain regions towards the commodity traded globally on a much larger scale.

Regional Outlook

Region wise, North America held the largest market share of the global gas genset market in 2017 owing to huge availability of natural gas in the region. The global gas genset market in North America is dominated by US owing to growth of natural gas and decline in natural gas prices in the US. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising natural gas production in the region. The gas genset market would be mainly driven by the favorable government regulations against greenhouse gas emissions.

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Sodium Sulfur Battery Market Development Status, Business Growth, Segments, Regional Analysis and Industry Growth by Forecast to 2023

Sodium sulfur battery is a type of molten-salt battery made from liquid sodium and sulfur. This type of battery possesses high energy density, high efficiency of charge or discharge and long-life cycle. This type of battery is fabricated from inexpensive materials. This type of battery is integrated in a sodium-sulfur battery system which is an energy storage system based on electrochemical charge/discharge reactions that occur between a positive electrode that is typically made of molten sulfur and a negative electrode that is made of molten sodium (Na).  The major component of sodium sulfur battery system is elementary cell composed of electrodes, modules, battery systems composed of large assembling of modules and of a control system, and power conversion system (PCS). The major application areas for this type of battery include peak shaving, time shifting, and stabilization of wind farms and solar generation plants.   

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The global sodium sulfur battery Market is set to witness strong growth due technological advancements and expanded deployment of sodium sulfur batteries in the off-grid. Moreover, there are various applications where these batteries are used which include wind power stabilization and energy time shift, solar power stabilization and energy time shift, frequency control and energy time shift, renewable power supply system at off-grid, and high efficiency operation of diesel generator.

Key Players:

The key players of the global Sodium Sulfur Battery Market are NGK Insulators Ltd., KEMET Electronics Corporation, GE Energy Storage, Eagle Picher Technologies LLC, Ceramatec Inc., Sieyuan Electric Co., Ltd., FIAMM Group, and POSCO, among others.

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Segmental Analysis

The Sodium Sulfur Battery Market has been segmented based on power rating into 10 MW, 11-25 MW, 26-50 MW, and above 50 MW. 26-50 MW segment is leading the market as these batteries are increasingly gaining interest from the electric utilities as a grid energy storage solution for renewable energy sources. Moreover, these types of batteries possess a higher current density, longer cycle life, and simplified manufacturing scheme in large scale applications. According to United Nations Industrial Development Organization, the total current installed capacity of sodium sulfur batteries in Europe and North America was 37 MW and 20 MW respectively in 2018. All these factors will drive the market for this particular power rating during the forecast period.

Regional Outlook

Region wise, Asia-Pacific held the largest market share of the global sodium sulfur battery Market in 2017. The growth of the market is attributed to the increasing demand for renewable energy storage system in the residential, commercial, and industrial end-use applications. Moreover, in 2016, Asia-Pacific contributed almost 47% in the global investments towards renewable energy. The increasing investments in the region are driven by many governments in the region who are ramping up their efforts to increase renewable energy in their overall energy mix.

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Industrial Gearbox Market 2019 Business Opportunities, Trends, Growth and Regional Forecast To 2023

Market Highlights

Industrial gearbox is a cylindrical part having cut teeth on its periphery, which mesh with another tooth part (gear) in order to transmit torque. There are different types of industrial gearboxes which are used for different type of purposes. The major gearboxes include helical gearboxes, coaxial helical inline, bevel helical gearbox, and skew bevel helical gearbox, among others. Every type of industrial gearbox has different design; hence the same industrial repair and renewable techniques would not work for all of them. Hence, industrial gearbox requires proper maintenance during its life span or operational life.  

Industrial gearbox is defined as the enclosed system which helps in transmitting mechanical energy to an output device. Industrial gearbox slowdown the rate of rotation in order to increase speed and torque. High reliability of industrial gearbox is demanded in some applications as its breakdown can cause serious implications. So, manufacturers of industrial gearbox are focusing on designing of industrial gearbox in order to match customer’s requirements. Industrial gearbox is used in high speed applications such as aerospace, automobile, and marine.    

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The global Industrial Gearbox market is set to witness significant growth due to rising use of industrial gearbox in manufacturing sector and in machine tools and material handling equipment. The demand for energy efficient gearbox is likely to boos the demand of industrial gearbox market. The renewable power generation is also expected to offer promising business opportunities to the industrial gearbox during the forecast period. According to IRENA (International Renewable Energy Association), renewable power generation is expected to hold 36% share in the total power generation capacity by 2030 from 18% in 2015. However, the features such as overheating, excessive noise, and oil leaks of industrial gearbox is likely to restraint the industrial gearbox market.   

Prominent Players:

The key players of the global Industrial gearbox market are Emerson Electric Co, Johnson Electric Holdings Limited, Siemens AG, Sumitomo Heavy Industries Ltd, Watt Drive Weg Group, Sew-Eurodrive, Schneider Electric, GKN Off-Highway Powertrain, ABB Ltd, Bauer Gear Motor, Bondioli & Pavesi, Dana Brevini, Bonfiglioli, Comer Industries, Elecon Engineering, and China High Speed Transmission Equipment Group Co., Ltd., among others.  

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Segmental Analysis:

The Industrial gearbox market has been segmented based on industry as wind power; cement & aggregates; chemicals, rubber & plastic; construction; food & beverage; marine; material handling; metals & mining; power generation; recreational vehicle; transportation industry; agriculture; automotive; and others. Wind power is expected to be the fastest growing segment in the industrial gearbox market during the forecast period due to increasing wind power installation globally.  

Regional Outlook:

Region wise, Asia-Pacific held the largest market share of the global industrial gearbox market in 2017 due to increasing use of industrial gearbox in many manufacturing industries. This growth will witness a positive outlook in the coming years owing to increasing automation in industries such as automobile, food processing, and agriculture machinery. Moreover, increasing investments in renewable power generation with a shift towards wind power is driving the industrial gearbox market.  

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Distributed Energy Resource Management Market 2019 Global Industry Competitive Landscape on Size, Share, Leading Players and Regional Trends 2023

Market Highlights

Distributed energy resource management is a system which takes care of the management of distributed energy resources (DERs) through the integration of hardware and software. In the current scenario, distributed energy resources (DERs) are highly in demand due to factors such as unexpected utility power outages, planned rolling blackouts, power quality issues, and increase power costs. Advancement in DERs have resulted into complexity of grid which is difficult to manage. For managing these DERs, electric utilities need to install proper management system such as DERMS for managing these DERs.   

Distributed energy resource management (DERMS) is the management of distribution grid which is integrated with distributed energy resources (DERs). In order to tackle the current challenges related to distribution grid, electric utilities need new set of tools to manage highly penetrated DERs. These tools are a combination of different hardware and software that are integrated together in order to manage these resources properly. DERMS is a module which manages the DERs and traditional distribution assets such as capacitor banks, voltage regulators, and tap changers. This management system increases the grid reliability and performance of the DERs by significantly reducing the voltage excursions and maintain higher network stability.

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Industry Highlights

The global Distributed Energy Resource management market is set to witness significant growth due to increasing share of renewable power generation as well as growing government mandates and updated policies. For instance, substantial amount of capital has been invested in solar, energy storage, and customer energy management by almost 42 electric utilities. By building a strong portfolio of DER companies, electric utilities are exploring the potential value of DERs and their ability to increase customer engagement. Moreover, the modern grid is facing lot of evolutionary changes with regards to the adoption of more and more distributed energy resources. Increasing dependence on renewable energy resources is resulting into increasing complexity in the grid network. In order to minimize this complexity, electric utility operators are focusing on adopting a foolproof system which would help to manage these Many major companies around the globe are focusing on updating their offering with adding DERMS.

Prominent Players:

The key players of the global Distributed Energy Resource management market are ABB Ltd, Autogrid Systems, Inc., Siemens AG, General Electric, Open Access Technology International, Inc., Spirae, Inc., Schneider Electric, Enbala Power Networks, Inc., Doosan Gridtech, Inc, Blue Pillar, Inc., and Enernoc, Inc., among others

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Segmental Analysis:

The Distributed Energy Resource management market has been segmented based on end-user as industrial, government & municipalities, Commercial, residential, and military. Among these end-users, industrial segment is the largest segment in the distributed energy resource management market due to increasing investments being made by major players in setting up the DERMS platform. For instance, General Electric has invested in Enbala through GE energy ventures has also been committed to offer DERMS with collaborating with DUKE Energy’s Coalition of the Willing and Nice Grid Project. All these factors are likely to drive the market for Distributed Energy Resource management.  

Regional Outlook:

Region wise, North America held the largest market share of the global Distributed Energy Resource Management Market in 2017. Distributed energy resources are expected to grow significantly across the US over the next 5 years. As of 2017, five classes of behind-the-meter DERs such as distributed solar, small-scale combined heat and power systems, electric vehicles, and energy storage contributed almost 46.4 GW of impact on the US summer peak. By 2023, this figure is expected to be more than double to 104 GW of flexible capacity. Moreover, electric utilities are also engaging their customers on the DER front. More than 100 US utilities have set up at least a basic DER marketplace. All these factors are likely to boost the DERMS market in the region.  

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Dual Carbon Battery Market Trends, Share, Size, Trends, Factors, Analysis by Leading Companies with Sizing & Forecasts to 2023

The global Dual Carbon Battery market is estimated to expand at 5.50% CAGR during the forecast period. Dual carbon batteries are energy storage batteries that uses a form of carbon for both anode and the cathode. These batteries are 100% recyclable and are being developed to use carbon produced with organically grown cotton. These batteries can charge upto 20 times faster than lithium ion batteries. This charging can make electric vehicles more convenient for daily usage. For instance, Tesla S can be charged in 90 seconds with the help of these dual carbon batteries.    

Increasing developments in the electronic sector and growing use of electric vehicles are the driving factors behind the demand for dual carbon battery market during the forecast period. Electronics being the most important sector in Asia-Pacific will drive the market for dual battery which are an integral part of any electronics device. Moreover, according to the Ministry for Trade and Industry of Singapore, the country’s electronics manufacturing sector is expected to manufacture a total of 2,100 new jobs by 2020. This initiative would eventually lead to increased number of manufacturing devices, thereby driving the market for dual carbon battery, which is an important part of electronics sector.

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The growing demand for Dual Carbon Battery is attributed to increasing number of electric vehicles across the globe, especially the US and China. Moreover, according to the Ministry for Trade and Industry of Singapore, the country’s electronics manufacturing sector is expected to manufacture a total of 2,100 new jobs by 2020. This initiative would eventually lead to increased number of manufacturing devices, thereby driving the market for dual carbon battery, which is an important part of electronics sector.

Key Players:

The key players of the global Dual Carbon Battery market are JSR Corp, Loxus, Hitachi Chemical, Lishen Tianjin, BYD, Amperex Technologies, Panasonic, LG Chem, Samsung SDI, Johnson Controls.

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Industry Segmentation

The market for Dual Carbon Battery is segmented based on application as transportation, electronics, portable power, and others.

The transportation segment dominates the market Many major players are actively participating in introducing innovative products in this battery category. For instance, in 2014, Power Japan Plus planned to commercialize its dual carbon batteries. The company also claims that the dual carbon batteries would have more density than lithium and charge 20 times faster than lithium-ion batteries.  

Regional Outlook

Region wise, Asia Pacific held the largest market share of the global Dual Carbon Battery market in 2017. It is also estimated that Asia-Pacific region would also be the fastest growing market during the forecast period. Moreover, growing convergence of information, communication and entertainment is bringing a new era of consumer electronics in the region. Consumer electronics is one of the largest segments in the manufacturing industry and promises huge potential, particularly in emerging markets of Asia-Pacific. These developments in the Asia-Pacific region would drive the dual carbon battery market.

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Off-Grid Solar Market 2019 Global Size, Emerging Trends, Key Players Analysis, Opportunities, Growth Factors and Industry Expansion Strategies 2023

Off-grid solar is a system that allow the users to store their solar power batteries for use when the power grid goes down. The off-grid provide power to offset the grid power whenever the sun is visible and also send excess power to the grid for later use. The major end-users for the off-grid solar system are the households that lack access to electricity connection to the national or main grid. These households form a potential customer base for off-grid devices.   

The global off-grid solar market is estimated to expand at ~12.50% CAGR during the forecast period.

Global off-grid solar market is expected to witness substantial growth during the forecast period owing to minimization of carbon footprint and less electricity costs. Asia Pacific is expected to be the fastest-growing market, by region, during the forecast period. 

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The global off-grid solar market is set to witness significant growth due to Rising population in the countries such as India and China are mainly driving the off-grid solar market. The implementation of off-grid devices in the region is also driven by increased availability and affordability of small solar devices such as solar lights and lighting kits. Moreover, the major issue of electrification in the region is being tackled through various solar products with tailored solutions. For instance, stand-alone solar products in the region involves catering to various applications such as solar home systems, and community lighting solutions, among others.

Key Players:

The key players of the global off-grid solar market are Schneider Electric, SMA Solar Technology, Canadaian Solar, Yingli Solar, Su-Kam Power Systems, Backwoods Solar, HelioPower, Solar Power Rocks, Greenlight Planet, and Off Grid By Design.

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Segmental Analysis:

Based on application, the off-grid solar market is segmented into residential, commercial, and industrial. Residential segment is estimated to dominate the market during the forecast period due to the increasing demand for energy efficient resources and rising renewable projects in remote areas. The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the product, the market is segmented as up to 10 W, 11-50 W, 51-100 W, and above 100 W. Up to 10 W segment accounts for largest share in the off-grid solar market due to its rising installation in residential sector.  

Asia Pacific accounts for the largest market share in the Off-Grid Solar Market

Region wise, Asia Pacific held the largest market share of the global off-grid solar market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in renewable energy sources and high demand for off-grid solar systems by the residential sector. The off-grid solar market would be mainly driven by the favorable government regulations against greenhouse gas emissions.

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Nuclear Waste Management Market Trends, Revenue Status, Size, Global Trend Analysis by Forecast 2023

Nuclear waste management refers to storage of hazardous waste far away from public in disposal facilities. This nuclear waste is a radioactive and toxic by-product of nuclear weapon manufacturing, nuclear medicine, and nuclear power plants. Nuclear waste management helps the end-users to reduce the volume of waste and costs related to waste management of nuclear power plants by optimizing the entire process beginning from waste collection to final disposal. The companies in nuclear waste management offers solutions related to new builds, nuclear power plants under decommissioning, and operating nuclear power plants. The global nuclear waste management market is estimated to expand at ~9.00% CAGR during the forecast period.

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Industry Highlights:

The global nuclear waste management market is set to witness significant growth due to increasing energy demand in developing countries and rising population in China. According to International Energy Agency’s (IEA) World Energy Outlook 2018, the energy demand is expected to grow by more than 25% between 2017 and 2040. Also, the nuclear power is expected to hold share of 15% in the total power generation by 2040. All these factors are expected to drive the nuclear waste management market. However, rising renewable power generation is one of the major restraints for the global nuclear waste management market. However, the increasing focus on nuclear power generation in the Middle East is likely to offer lucrative business opportunities in the nuclear waste management market. Middle East is adopting nuclear power generation in order to meet the rising electricity demand in the region due to rising population and economic growth.      

Key Players:

The key players of global Nuclear waste management market are Enercon Services, Inc., Veolia Environment SA, Studsvik AB, Posiva Oy, Magnox Technologies Pvt. Ltd, Perma-Fix Environmental Services, Chase Environmental Group, Bechtel Group Inc., Fluor, and BHI Energy, among others. 

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Industry Segmentation:

The nuclear waste management market has been segmented based on application industrial, utilities, and others.

Among these applications, utility segment is the largest segment in the nuclear waste management market due to nuclear waste generated by nuclear power plant. In Middle East, there are new nuclear plants coming up in order to cater to increasing energy demand.

Regional Outlook:

Region wise, Middle East & Africa held the largest market share of the global Nuclear Waste Management Market in 2017. there are activities going on in various regions related to implementation of nuclear power plants. For instance, China has been witnessing a huge investment amounting to USD 390 billion majorly going towards nuclear power. Also, the US has been generating over 90,000 metric tons of nuclear water that needs disposal. The commercial sector in the US, alone has generated waste more than any other country in the world. Moreover, the US government’s nuclear weapon program has generated nuclear fuel as well as high-level radioactive waste that accounts for about 14,000 metric tons. All these factors are driving the nuclear waste management market in order to manage the waste.

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