Energy & Power: February 2020

Thursday 27 February 2020

Global Floating Solar Panels Market Size, Share, Sales, and Regional Analysis Report 2020

Global Floating Solar Panels Market Analysis:

Market Research Future (MRFR) in its latest report reveals that the global floating solar panels market is set to expand rapidly in the forthcoming years. Floating solar panels are witnessing a strong commercial interest. Solar energy is an alternative solution to rapidly depleting fossil fuel. Floating solar panel also referred to as floating photovoltaic (FPV) is a well-organised array of solar panel on water body on a lake or artificial basin.

The land base alternative in case of floating solar panel reduces that cost and maintenance efforts that makes it economical and beneficial renewable energy solution. The rapid depletion in fossil fuel today is creating an extensive market for alternative renewable energy resources in which the contribution of floating solar panel seems outstanding in future.

The floating solar panel has highly efficient silicon solar panels. This efficiency is maintained by the cooling effect of evaporating water on the silicon panels. The floating solar panels can be adjusted according to the position of the sun. The environmental benefit of floating solar panels is that it inhibits algae growth in water.

Investment in research and development by enterprises and tracking technology in a floating solar panel is leveraging the floating solar panels market.

Global Floating Solar Panels Market Segmentation

Segmentation of the Global Floating Solar Panels Market is based on product, location and region.

Based on the product, the floating solar panel market is segmented into the stationary floating solar panel and tracking floating solar panel.

Based on location, the floating solar panel market is segmented into onshore and offshore. The tax relaxation offered by the government is driving the growth of the onshore floating solar panel segment.

The offshore floating solar panel is responsible for renewable decentralized distribution of energy. This, in turn, is creating sustainable development in power generating systems. Hence an advantage to global floating solar panel market growth.

Based on region Market Research Future studied the floating solar panel market in North America, Europe, Asia Pacific and rest of the world (ROW). Increased demand for floating solar panel is observed in countries prone to drought and countries with massive water bodies.

The Prominent Companies

GEITS, Wuxi Suntech Power Co., Ltd., Yingli Solar, SPG Solar, Ciel & Terre, Kyocera Corporation, Japan Mega Solar Power Co., Suntech Power Holdings Co., Ltd., Solaris Synergy, Trina Solar Limited, and Sharp Corporation are the key companies operating in the floating solar panel market.

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https://uberant.com/article/700691-micro-turbine-market-in-depth-analysis-share-industry-size-forecast-2023/

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https://www.articletrunk.com/motor-control-centers-market-2020-gross-margin-analysis-global-overview-and-industry-expansion-strategies-2023/

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Industrial Gas Market 2020 Global Industry Size, Share, Trends and Segmentation by 2023

Industrial Gas Market - Overview

Industrial gases find application in a myriad of industrial and manufacturing processes owing to their reactivity, inertness, and various other superior physical properties. Market Research Future (MRFR) has recently published an in-depth report on the global industrial gases market, outlining the various trends and patterns that are likely to impact the market over the forecast period. MRFR has predicted a positive growth curve for the industrial gases market.

The Industrial Gas Market is expanding owing to heightened demand for industrial gases filed from industries such as metal fabrication and production, automotive, chemical & petrochemical, biotechnology, steel, and others. Increased industrial activities in the emerging economies have provided favorable grounds for the growth of the market while industrial production in developed regions such as the Americas and Europe has also been positive.

Industrial gases cater majorly to the oil & gas industry, which requires industrial gases in massive quantities to control various processes. additionally, the industry is challenged with regulatory pressures to lower sulfur content of refinery products, which generates huge demand for industrial gases in the desulfurization process of crude. This presents a massive opportunity for the industrial gases market. The advent of cryogenic technologies such as air separation and hydrogen reforming technologies have contributed significantly to the growth of the market.

On the other hand, industrial gases market growth might be inhibited by the capital-intensive nature of the market. Additionally, the manufacturing and utilization of industrial gases are strictly regulated by stringent regulations. Storage and transportation of industrial gases too involve significant cost as well as a challenge which might restrain the growth of the market. However, the emerging economies of the APAC region are likely to provide a host of opportunities to the market.

Competitive Landscape

Praxair Inc., Airgas Inc., Messer Group GmbH, Bhuruka Gases Ltd., National Industrial Gas Plants - Mohammed Hamad Al Mana Group, Buzwair Industrial Gases Factory, Yateem Oxygen, Taiyo Nippon Sanso Corporation, Air Products and Chemicals Inc., Air Liquide S.A., Air Products, BASF, Dubai Industrial Gases, Tripti Gases Pvt. Limited, Asia Technical Gas Co (PTE) LTD (ATG), SICGIL India Limited, Ellenbarrie Industrial Gases Ltd.,Cryotech Anlagebau GmbH, India Glycols Ltd.,MATHESON Tri-Gas Inc., Ellenbarrie Industrial Gases Ltd., Gulf Cryo, Linde AG, The Southern Gas Ltd., Bristol Gases – Concorde Corodex Group, Goyal MG Gases Pvt. Ltd., Abdullah Hashim Industrial Gases & Equipment Co. Ltd., and Mohsin Haider Darwish LLC are the key players in the industrial gases market.

Industrial Gas Market Segmentation

The global industrial gas market has been segmented based on type and application.

By type, the industrial gases market has been segmented into oxygen, helium, nitrogen, hydrogen, carbon dioxide, acetylene, argon, and others.

By application, the industrial gases market has been segmented into healthcare, metal and metallurgy, chemicals, pharma and biotech, automotive and aerospace, electronics, pulp and paper, food and beverages, and others.

Regional Analysis

Region-wise, the industrial gases market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

High demand for industrial gases is witnessed in North America on account of augmented demand from the automotive and rapidly accelerating construction industry. The APAC industrial gases market is likely to showcase prolific growth over the forecast period. Fast-track industrialization in the region along with increasing use of necessary oxygen furnace technology by major metal and metallurgy companies is creating significant ways for the market to expand.

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Turboexpander Generator Market Growth, Opportunities, and Industry Forecast to 2023

Turboexpander Generator Market Analysis:

The global turboexpander market is poised to grow at 7.23% during 2018 to 2023 forecasts Market Research Future (MRFR). Turboexpanders find cryogenic application across different types of natural gas, and petrochemicals. They are also utilized in air separation industries. Over the years, turboexpanders have undergone several phases of technological transformation. Product innovation remains major focus area for manufacturers, which is making a positive impact on the market. Latest versions of turboexpanders are highly efficient and have high processing capacities. This makes turboexpanders a sought-after equipment in the oil and gas industry.

Turboexpanders find application in LNG reliquification, compression and cooling. In addition, they are also used for generating power from the excess gases in fertilization process. As global natural gas consumption rises further on account of rapid inclination towards low emission fuels, the turboexpander market finds attractive growth opportunities. LNG is witnessing a significant uptake in countries such as India, China, Russia, and the U.S. this is boosting the need for turboexpanders for processing natural gas. Such factors are supporting the market tremendously.

As the wold shifts its focus toward alternation fuels to tacking issues such as global warming and Co2 emission, market players will find attractive growth opportunities. Natural gases are touted as an efficient fossil fuel as they have negligible emission issues, indicating that most of the content in natural gas in utilized.

Global Turboexpander Market: Segmental Analysis

Segmental analysis of the Turboexpander Generator Market has been segmented into application, loading device type, end-use industry and region
On the basis of application, the market has been segmented into generation of energy from waste gases, air separation, hydrocarbon and others (pressure letdown and geothermal). The hydrocarbon segment is expected to retain its top position over 2023. The segment’s growth can be attributed to the increasing use of turboexpanders in NGL recovery, ethane recovery, dew point control, and LNG production.

On the basis of loading device type, the market has been segmented into oil break, generator, and compressor. The compressor segment is expected to remain highly attractive during the forecast period. This is mainly owing to widespread application compressors in LNG processing.

On the basis of end-use, the market has been segmented into manufacturing, power generation, and oil and gas. In terms of value, the oil and gas segment currently accounts for the lion’s share of the market and trend is likely to continue throughout the assessment period. The increased demand for LNG and LPG can be linked with the segment’s growth.

Regional Analysis

Asia Pacific tops the world ranking in terms of turboexpander demand. The rapid expansion of the oil and gas sector in region is providing an impetus to the APAC turboexpander market. Moreover, rising consumption of natural gases in countries such as India and China is creating growth avenues for the market. North America is one of the most valuable markets for turboexpander in the world. The region is the largest consumer of natural gas products and expected to retain its leading position during the forecast period. It remains a major investment destination for turboexpanders manufacturer. The U.S.’s prowess in the oil & gas sector is a major favouring the market growth in North America. Russia is the second largest consumer of natural gases, which puts its name on the higher echelons of the global turboexpander market.

Competition Analysis

Some of the leading companies discussed in MRFR’s report include Baker Huges a GE company (US), Air Products & Chemicals.Inc (US), Honeywell (US), Siemens (Germany), Elliot Group (US), Turbogaz (Ukraine), Atlas Corpo (Sweden), Man Energy Solutions (Germany), L.A. Turbine (US), R&D Dynamics Corporation (US), ACD LLC (Switzerland) and Cyrostar (France).

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FSRU Market 2020 Global Size, Share, Growth Analysis and Segmentation by 2023

FSRU Market Overview

The floating storage and regasification unit market is anticipated to upscale at a fast pace during the forecast period. One of the most primary reasons behind the ascension of the global floating storage and regasification unit market includes the booming growth noted in the liquified natural gas market. This is likely to act as a catalyst for the economic growth of various countries across the world, as it is environment-friendly for adoption and viable for a shorter period of time to reduce the carbon emissions. Recent discoveries in offshore regions are also made which focus on the fulfilment of the demand for various end-user industrial sectors such as power generation, transportation, as feedstock for petrochemical manufacturers, and other end-users. FSRU Market is expected to ascend at 13.88% CAGR during the forecast period, as per the most recent analysis launched by Market Research Future (MRFR).

Floating storage and regasification unit market is also expected to help in getting natural gas on time and make it available readily in the local markets. Diversification in the market is highly visible, fulfilling the demands for liquified natural gas and natural gas on a global level, which in turn, is expected to promote the growth of the FRSU market over the forecast period. Apart from that, FRSU businesses are also witnessing exponential growth due to the growing demand for green fuel all over the globe.

Key Players:

Some noteworthy players in the global floating storage and regasification unit market include L.P. (Bermuda), Teekay Lng Partners, Bumi Armada (Malaysia), Mitsui O.S.K. Lines (Japan), Offshore LNG Toscana SpA (Italy), Maran Gas Maritime Inc. (Greece), Exmar (Belgium), Gazprom FLEX LNG (U.K), BW gas (Norway), Golar LNG (Bermuda), Hoegh LNG (Bermuda) and Excelerate Energy (U.S).

FSRU Market Segmental Analysis

The global FSRU market is segmented by construction, storage, application, and region. Based on construction, the global floating storage and regasification unit market is segmented into newly build and converted. The newly built FSRU is expected to hold the maximum share of the global FSRU market during the forecast period. This can be owed to the low storage capacity limitation of the converted FSRU.

Based on storage, the global FSRU market is segmented into small, medium, and large. Among these segments, the large sized FSRU are likely to witness a considerable rise and is also expected to witness fast-paced ascension over the forecast period.

Based on applications, the global floating storage and regasification unit market is segmented into industrial and power generation. The power generation segment is expected to boast the dominant stance in the market.

FSRU Market - Regional Analysis

The global FSRU market is studied for the regional segments of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Among these, Asia Pacific is estimated to dominate the global FSRU market during the review period. This can be owed to the region’s rising demand for LNG. Further, an increasing need for gas and power conversion units, especially in countries within the APAC is also expected to propel the growth in the regional FSRU market.

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Subsea Well Access Market Size, Share, Sales, and Regional Analysis Report 2020

Subsea Well Access Market - Overview

The subsea well access system is an advanced offshore technology that plays an integral role in solutions for oil well drilling and wellhead systems. The system is gaining precedence regarding the implementation of strict regulations to maintain safety in the oil exploration activities. Such factors are expected to trigger the Subsea Well Access Market and help in garnering 4.9% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) claimed that the possibility for an impressive valuation after the end of 2023 is quite high.

Increasing offshore activities in the Gulf of Mexico is expected to take the subsea well access system market forward in the coming years. Countries like China, India, and Thailand are also going to promote the regional market. The intake of the system has grown over the years in sync with the incorporation of the safety measures implemented to abide by government regulations. At the same time, its ability to withstand harsh climatic condition is giving the subsea well access system market an edge while creating an impact.

Subsea Well Access Market Segmentation:

Technology type, location type, and products type are segments that have been included in the MRFR’s study of the global subsea well access systems market. These segments have detailed analysis of the market on the basis of figures and facts received from the analysts.

Based on the technology type, the global subsea well access systems market can be segmented into rig-less and rig-based. The rig-based segment can further be segmented into completion workover and landing string.

Based on the location type, the subsea well access systems market includes shallow water, deep water, and ultra-deep water. The deep-water exploration is gaining much precedence at present such as in the case of explorations in the Gulf of Mexico.

Based on the products type, the subsea well access systems market can be segmented into blowout preventers, RAM blowout preventers, and annular blowout preventers. The blowout preventers segment is used to control the flow of formation liquids.

Regional Analysis:

North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are regions that have been included in the region-specific study of the subsea well access systems market. MRFR’s analysis has special focus on pockets that can produce substantial revenue and trigger a huge growth for the market in the coming years.

Europe and North America are expected to show substantial growth. North America is showing this growth by basing its revenue on the income of the Gulf of Mexico. On the other hand, Europe is landing more profits, on the basis of the earnings of North Sea. The regional supremacy is banking on the technological superiority of the sector and high investment capacity. At the same time, huge traction projected by several industries are driving the growth for these two regions.

The APAC region is banking on the developments made by China and India in their respective exploration activities. Thailand’s contribution is also commendable in this aspect.

Competitive Landscape:

Influential companies are taking the lead in shaping the future of the subsea well access systems market. In their attempt, they are focusing primarily on taking the lead while implementing their strategic moves but, in the process, they are also increasing the scope for the market to expand. These companies are GE Baker Hughes (U.S.), National Oil Varco (U.S), Subsea 7 (U.K.), TechnipFmc Technologies Inc. (U.K.), Helix (U.K.). Riverstone holdings (Singapore), Halliburton Corporation (U.S.), GMC Deepwater (U.K.), Weatherford International (U.S.), Schlumberger Ltd. (U.S.), Aker solutions (Norway), Tenaris (U.S.), and others. MRFR has enlisted these companies and profiled them for better predictive analysis.

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HVDC Transmission Systems Market Segments, Current Trends and Regional Overview By Key Companies till 2023

HVDC Transmission Systems Market

With the growing technological advancements in the global power sector, power management and power distribution are becoming more efficient. As the conversion of high voltage current to alternate current results in losses from transmission lines, an upgrade regarding the transmission of power called High Voltage Direct Current (HVDC) transmission system is coming into play. HVDC is feasible over conventional High Voltage Alternate Current transmission system. Market Research Future (MRFR) has published a research report about the HVDC Transmission Systems Market that gauges greater gains for this market at 6.5% CAGR between 2018 and 2023.

The most important market drivers for the global HVDC transmission market growth include surging demand for power from renewable sources of energy and increasing demand for international grid connectivity. Other major market drivers include the demand for better power distribution system and low-cost electricity.

Key Players:

Major players in the global HVDC transmission market include ABB (Switzerland), Adani (India), Alstom (France), DATC (USA), C-EPRI Electric Power Engineering Co. Ltd (China), General Electric (USA), Hitachi (Japan), Mitsubishi (Japan), Nexans (France), NKT Holdings (Denmark), Prysmian Group (Italy), Schneider Electric (France), Seimens AG (Germany), and Toshiba (Japan).

HVDC Transmission Systems Market Segmentation

The global HVDC transmission market segmentation covers application type, configuration, technology type, and voltage rating. MRFR is exploring these features on a segment-wise level to understand market trends.

As per the segmentation based on application, this market covers type, asynchronous grid, underground cables, and offshore cables. The power generated from offshore renewable sources can be connected to onshore grid connection using HVDC cables. During the forecast period, offshore cables are expected to dominate the market.

The configuration-based segmentation of the market lists mono-polar configuration, bi-polar configuration, back-to-back configuration, and multi-terminal links. During the forecast period, the multi-terminal configuration is expected to dominate the market.

By technology type, the HVDC transmission systems market has been segmented into Low Commuted Converter (LCC) and Voltage Sourced Converter (VSC). Semiconductors used by LCC HVDC systems can withstand voltage in either polarity. VSC HVDC systems use semiconductors that can pass the current in any direction. During the forecast period, the LCC systems segment is expected to dominate the market.

Regarding voltage rating, the market has been segmented into less than 350 kilovolts (kV), 350-640 kV, 640-800 kV, and more than 800 kV.

Regional Segmentation

The regional segmentation of the global HVDC transmission market covers Asia Pacific, Europe, North America, Middle East & Africa (MEA), and Rest of the World (RoW).

During the forecast period, the Asia Pacific region can be the largest regional market due to the high density of population, growing urbanization, rapid industrialization, advancing infrastructure, rising power consumption, increasing power connections in the developing countries such as India, China, & Japan, and lastly, more demand for power.

As North America has established infrastructure and advanced technology, it is not a growing market but rather a strong and stable market. USA and Canada have the most advanced technology, as well as, infrastructure and hence, they are the topmost country-specific markets in this region.

In Europe, the market is strong due to reasons that are primarily the same as in North America. However, as the population of Europe is larger than North America even though it lags behind North America in terms of technological advancement, Europe still holds the potential of remaining a powerful regional market during the forecast period.

In the MEA region, the market growth is slow due to limited availability of technology, lack of infrastructure, and lack of skilled professionals.

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Global Recloser Market Growth Opportunities, Top Key Players, Target Audience and Forecast to 2023

Global Recloser Market - Overview

The Global Recloser Market is estimated to upscale at a strong CAGR of 6% during the forecast period, as per the analysis published by Market Research Future (MRFR). Reclosers refer to power equipment that are high-voltage, automated electric switches. Reclosers are capable of detecting trouble in the electric line, automatically and remove the fault in the electric line. The recloser resets the temporary problem automatically and restores the electric power. If there is trouble of recurrence of more than three times, the recloser shuts off the power for preventing the line from any accident. The global power value chain industry is bound to witness an exponential growth owing to the rising power demand from consumers all over the globe. This rising demand for uninterrupted supply of power can be accredited to the increase in urbanization and industrialization from various developing economies. The power sector is expected to move majorly towards the private sector with less state control. With more and more players entering the power market, many technologies are introduced in the power generation, transmission, and distribution sector for coming up with unique products and technological advancements.

However, one of the major setbacks that the power industry is witnessing is the outdated infrastructure and the scarce distribution network around various countries. At the end of 2016, only 86% of the total global population was observed to have access to electricity. Apart from this, the poor reliability of infrastructure that is the basic reason for electrical hazards is posing as another downsizing for the power downstream sector.

The global recloser circuit demand is expected to proliferate owing to the fact that it is capable of cutting the maintenance costs of existing circuits and the implementation of the internet of things in the power distribution sector. The global power distribution electronic equipment industry is investing in the research and development for better recloser which can handle faults at high voltage levels.

Global Recloser Market Segmentation

The global recloser market is segmented by phase recloser type, insulation type, voltage rating type, control type, and region.

Based on phase recloser type, the global recloser market is segmented into two-phase recloser, single-phase recloser, and triple-phase recloser.

The three phase recloser is expected to gain more profit owing to the technological advantage over single-phase recloser.

Based on insulation type, the global recloser market is segmented into gas-insulated recloser, oil-insulated recloser, and epoxy-insulated recloser. Since epoxy-insulated reclosers are flexible on a permanent basis, have hydrophobic prevention, these are used highly in major installations.

Based on voltage rating type, the global recloser market is segmented into low voltage recloser, medium voltage recloser, and high voltage recloser. High voltage recloser is expected to fulfil the purpose of handling trouble at 38 kV and are used in substations, as well as, convertor stations.

The recloser market is also segmented into electrical control, hydraulic control and micro-processor control-based technology, based on control type.

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https://www.agreatertown.com/united_states_minor_outlying_islands_un/busbar_trunking_system_market_2020_global_industry_size_analysis_emerging_opportunities_and_industry_expansion_strategies_2023_0007504546

https://vjbxuq.prnews.io/173356-Busbar-Trunking-System-Market-Research-Growth-Latest-Innovations-Revenue-Price-and-Gross-Margin-Study-with-Forecasts-to-2023.html

https://sites.google.com/view/busbartrunkingsystemmarket/home

https://user.younews.in/news/busbar-trunking-system-market-analysis-share-size-trends-industry-growth-and-segment-forecasts-to-2023/

https://www.firmenpresse.de/pressrelease607250.html

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