Substation Monitoring Market Analysis 2020 Trends, COVID – 19 Impact Analysis and Business Methodologies till 2023

Substation Monitoring Market Research Report: Information by Component (Hardware & Software), Communication Technology (Wired & Wireless), Sector (Transmission & Distribution), Industry (Utility, Mining, Steel, Oil & Gas, and Transportation), and Region.

Substation Monitoring Market Research Report – Global Forecast till 2023

The global substation monitoring market is anticipated to garner a CAGR of 8.50% during the forecast period (2018-2023), Market Research Future (MRFR) unveils in a detailed report. Substation monitoring is considered a primary tool for utilities as it offers real-time based data with the help of integration of hardware and software component. It obtains data from substation assets like conductors, transformers, and circuit breaker.

The global substation monitoring market has witnessed a tectonic surge over the past few years, mainly due to the increased demand for reduction in transmission & distribution (T&D) losses and growing investments from governments. The enhanced IoT-based communication network, aging infrastructure, along with the development of IEC 61850 standards to enable interoperability among IEDs are further propelling the market growth. Substation monitoring offers several advantages while controlling, monitoring, and managing a substation. The benefits include low maintenance requirements, high efficiency and accuracy, and remote monitoring to prevent power loss and time. The entire system can also be shut down for reinstallations and quick repairs, which further augments the growth of the substation monitoring market.

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The global substation monitoring market is set to witness high growth owing to increasing population. The changing electricity consumption pattern in the region has led to T&D losses. So, to minimize the T&D losses has triggered the need for a proper system to mitigate the losses occurring due to complex electricity T&D network. However, the government of various Asian economies are actively participating in the energy efficiency in the T&D network.

Industry Segmentation

The global substation monitoring market is segmented on the basis of communication technology, component, industry, and sector.

By component, the substation monitoring market is segmented into hardware and software.

By communication technology, the substation monitoring market is segmented into wired communication technology and wireless communication technology.

By sector, the substation monitoring market is segmented into transmission and distribution. Among these, the distribution sector is likely to gain prominence due to the ever-increasing demand for electricity. This further propels the need to upgrade the aging infrastructure.

By industry, the market is segmented into steel, utility, oil & gas, mining, and transportation. Among these, the utility segment is likely to lead the market due to the rising implementation of substation monitoring systems to reduce T&D losses and aging infrastructure of electric substations.

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Regional Analysis

Region wise, Asia Pacific held the largest market share of the global substation monitoring market in 2017. The substation monitoring system market in emerging economies, such as China, India, and South Korea, is expected to grow at the highest CAGR because of the rising need for reduction in transmission and distribution losses in these countries.

Industry Updates

June 2019: With prices of land increasing at a rapid pace, Mescom has decided to install four compact substations of Gas Insulated Switchgear. The substations can be installed in a cellar with commercial complexes above the substations.

Competitive Dashboard

The top players operating in the global substation monitoring market include ABB Ltd., Siemens AG, General Electric, Schneider Electric, Emerson Electric, Cisco, Eaton, Honeywell, Crompton Greaves, Emerson Electric, Novatech, Schweitzer Engineering Laboratories, Sentient Energy, Igrid T&D, Tekvel, Cadillac Automation and Controls, and I-TOR.

Also Read: https://www.marketwatch.com/press-release/substation-monitoring-market-2019-worldwide-overview-key-growth-drivers-challenges-opportunities-demand-upcoming-trends-and-regional-forecast-to-2023-2019-03-20

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Oil Accumulator Market Growth 2020 COVID – 19 Impact Analysis, Top Key Players and Forecast to 2023

Oil Accumulator Market Research Report: Information by Type (Bladder, Piston, Diaphragm), Pressure Rating (Up to 6000 Psi and Above 6000 Psi), Application (BOP & Wellhead Control, Offshore Rig, Mud pumps), and Region – Global Forecast till 2023

According to the reports published in Market Research Future, the global oil accumulator market is set to achieve high position at a CAGR of 4.80% by the year 2023. An accumulator is a pressure storage tank, which is considered to be profound in supplying a specific amount of fluid in under pressure. The fluid further gets unconstrained to perform a specific operation in the hydraulic system. The fluid is then stored via an external source that can either be piston, spring, gas, and fluid.

Oil Accumulator Market Research Report – Global Forecast till 2023

More importantly, oil accumulators are used for different purposes such as noise reduction as well as pulse dampening. Such accumulators are available in different shapes as per the requirement and customization done for the various purposes. Opportunities in the oil accumulator market arise from mounting demand for oil & gas exploration and its production activities. There are now being many attempts to minimize environmental hazards by a large amount to exploration activities, which in turn, is positively impacting the growth of the oil accumulator market. Thus, oil accumulators are important component when environmental factors are taken into consideration.

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Global Oil Accumulator Market: Drivers and Trends

The global oil accumulator market is projected to grow at a high rate owing to many key factors which include mainly digital revolution in oil & gas industry, safety operations, increased productivity. Moreover, cost savings factor has been one of the most important benefits of digital transformation in oil accumulation market.

The current scenario portrays that oil & gas companies are largely investing in digital technologies to enhance the next-generation oil production, maintenance improvement and more. Furthermore, fast exhaustion of crude oil reserves has opened ways for the key players of the market to take up new exploration developments with increasing demands. Also, technical challenges in manufacturing to build accumulators for a purposeful application coupled with stringent environmental regulations may hamper the oil accumulator market growth.

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Key Players

The key players of global Oil Accumulator market are Eaton (Ireland), Parker Hannifin (US), Bosch (Germany), Hydac (Germany), Freudenberg (Germany), Technetics Group (US), Hannon Hydraulics (US), Rotec Hydraulics (UK), Roth Hydraulics (Germany), Hydroll (Finland), and others.

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Global Oil Accumulator Market Segmentation

In the reports of MFRF, the global oil accumulator market has been segmented by type, pressure rating, application, and region.

Based on type, the market is classified into bladder, piston and diaphragm. Of these, the bladder segment accounts to be the largest market share from 2018 to 2023. Key factors such as high investment in onshore and offshore industries are supporting the oil accumulator market with a positive brunch. Followed by it, the bladder accumulator can be used for a lot of offshore applications as it has high durability as compared to the others.

Based on rating, the market include segments as the pressure rating rises to 6000 psi and above it. This segment is estimated to register the highest growth rate in the years to come.

Regional Outlook

Region wise, North America accounts for the largest share of the global oil accumulator market in 2017. Whereas, Asia-Pacific is the fastest growing region mainly owing to the rising investment in oil & gas processes. The coming up of digital technologies such as machine learning, artificial intelligent, and data analytics in the countries of US and Canada have entirely supported the accumulator market in the oil & gas industry. Also, from the demand from the onshore & offshore fields in the Gulf of Mexico is also likely to positively impact the oil accumulator market during the forecast period.

Also Read: https://www.marketwatch.com/press-release/oil-accumulator-market-development-strategy-top-countries-data-opportunities-assessment-size-emerging-technologies-and-rapid-growth-by-forecast-to-2023-2019-06-27

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Superconductive Wire Market Segmentation, COVID – 19 Outbreak, Competitive Landscape and Industry Growth by 2023

Superconducting Wire Market Research Report: Information by Type (High Temperature, Low and Medium Temperature), Application (Energy, Medical, Industry, and Research), and Region – Global Forecast till 2023

Superconducting Wire Market Research Report – Global Forecast till 2023

Superconducting wires are made up superconductors such as niobium-titanium and are employed in application across various use cases. They are majorly used in transformers, power storage devices, smart grids, and electric motors owing to the advantages they offer such as zero power dissipation, and superconductivity and are deployed to reduce energy consumption. The global superconducting wire is anticipated to showcase noteworthy growth and register a CAGR of 9.80% over the forecast period of 2016-2023, affirms Market Research Future (MRFR) in its in-depth study.

Multifarious application of superconducting wires across various industry verticals is promoting the growth of the market. Superconducting wires are largely used in the power industry owing to their desirable feature of energy transmission without any loss, as compared to copper or aluminum wires. For the same reason, they find massive application in power storage devices. The emerging technology of high-temperature superconductors stores massive potential to improve the capacity of underground and overhead power T&D systems, motors, generators, and power plants. Growing energy crisis and energy conservation goals are likely to bolster the application of superconducting wires, thereby boosting the market growth.

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Superconducting wires find significant use in the medical industry too. Superconducting wires are capable of producing large-volume, stable, and high-intensity magnetic fields required for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR). This presents massive growth opportunities to the superconducting wire market. Furthermore, growing smart city projects in the developed countries of the world provide growth opportunities to the superconducting wire market.

On the other hand, superconducting wires are expensive and are accompanied by the cost of refrigeration which limits their application. The performance of superconducting wires is limited by magnetic flux density or field, the current density, and the operating temperature. Moreover, the high manufacturing cost of superconducting wire also remains a major challenge to market growth. However, the introduction of high-temperature superconducting wires which address the challenges of superconducting wires is likely to provide growth opportunities to the market.

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Segmentation

The superconducting wire market has been segmented based on type and application.

By type, the superconducting wire market has been segmented into high-temperature superconductors and low & medium temperature superconductors. The high-temperature superconducting wire segment is leading the market on account of heightened use of these types of wires in medical, research, industrial processing, and electronics.   

By application, the superconducting wire market has been segmented into energy, medical, industry, and research.

Regional Analysis

By region, the superconducting wire market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

Europe seized the largest share of the market in 2017 and is anticipated to exhibit substantial growth over the forecast period. High awareness regarding energy conservation coupled with energy efficiency initiatives by the European Union is fueling the growth of the Europe market.

North America superconducting wire market is driven by various smart city projects undertaken in the region along with a greater focus on energy conservation. The expanding electrical industry in APAC is supporting the growth of the superconducting wire market.

Competitive Landscape

Theva Dunnschichttechnik GmbH, Phoenix Contact, Fuji Electric, Furukawa Electric Co., Ltd., Japan Superconductor, Fujikura Ltd., American Superconductor Corporation, Sumitomo Electric Industries, Bruker Corporation, Eaton, Superconductor Technologies Inc., and Superox are the distinguished players in the superconducting wire market.

Also Read: https://www.marketwatch.com/press-release/superconducting-wire-market-2019-size-growth-opportunities-trends-future-scope-segmentation-leading-players-demand-and-regional-forecast-to-2023-2019-10-14

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Global Gas Genset Market 2020: Business Revenue, COVID – 19 Outbreak, Growth Prospective till 2023

Gas Genset Market Research Report: Information by Fuel (Natural Gas, Biogas, Others), Power Rating (Up to 100 KVA, 100-350 KVA, 350-1000 KVA, Above 1000 KVA), Application (Standby, Peak Shaving, Continuous), End-User and Region – Global Forecast till 2023 

Gas Genset Market Research Report – Global Forecast till 2023

Market Research Future (MRFR), an eminent research firm, asserts that the global gas genset market will garner exponential growth by 2023, registering a CAGR of over 5% throughout the forecast period (2018 to 2023). A significant shift towards gas generators due to the increased usages in the rental power is a prevailing trend propelling the growth in the market.

Rising demand for power and the unstable power supply situations in most of the developing countries are aiding the growth in the gas gensets market. Additionally, stringent regulations against CO2 emissions that affect internal combustion engines are augmenting the demand for the gas gensets. 

The gas genset market is growing continually, primarily due to the increasing demand for energy.  Frequent outages, caused by various reasons, including natural calamities that can interrupt operations in industries, emergency services, homes, and commercial establishments, drive the market growth. Moreover, the growing demand for cost-effective and reliable power supply escalates the market on the global platform.

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The gas gensets are environment-friendly and produce lower carbon, sulfur, and nitrogen emissions. Rising carbon emissions, low operational cost, and more efficiency of gas genset compared to diesel genset are some of the prominent driving forces behind the growth of the global gas genset market.

Global Gas Genset Market – Segmentations

For a better scope of understanding, the report has been segmented into five key dynamics:

Based on end-user, the gas genset market is segmented into industrial, commercial, and residential. Residential segment is estimated to dominate the market during the forecast period due to the increasing demand for energy resources in remote and rural areas.

The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the power rating, the market is segmented as up to 100 KVA, 100-350 KVA, 350-1000 KVA, and Above 1000 KVA. Up to 100 KVA segment accounts for largest share in the gas genset market due to its rising installation in residential sector.  

Major Players:

Players leading the global gas genset market include Cummins, Caterpillar, Wartsila, General Electricals, Siemens AG, Genrac Power Systems, ABB, MTU Onsite Energy GmbH, Himoinsa, PARAMAC, and Sudhir Power, among others.

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Geographical Analysis

The North American region would continue with its dominance over the global gas genset market throughout the forecast period. Factors that are substantiating the market growth in the region include rising production of natural gas and shale gas in the region and aging grid infrastructure and natural calamities that cause frequent power outages.

Augmenting demand from events alongside, the upsurge in the construction industry due to the infrastructure development projects is fostering the growth in the regional market. The US, backed by declining prices of natural gas and carbon emission reduction targets, would dominate the gas genset market in North America.

The gas genset market in the Asia Pacific region has emerged as another lucrative market, globally. Massive availability of natural gas in the region due to the rising natural gas production, foster the growth of the regional market. 

Moreover, favorable government regulations against greenhouse gas emissions are positively impacting the growth in the regional market. Owing to the rapid growth in the manufacturing sector, in recent years, the region is expected to demonstrate huge growth prospects during the forecast period. India and China, backed by the rapid industrial development and commercial activities, contribute to the gas genset market in the region, majorly.

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Centrifugal Pump Market Report 2020 Current Industry Status, COVID – 19 Outbreak and Business Methodologies till 2023

Centrifugal Pump Market Report by Type (Overhung Impeller, Vertically Suspended, Between Bearing), Stage (Single and Multistage), End-User (Water & Wastewater, Oil & Gas, Chemical, Power), and Region – Global Forecast till 2023

Centrifugal Pump Market Research Report – Global Forecast till 2023

Centrifugal Pump is a type of pump that uses impeller to move water or other fluids. These pumps are used to induce flow by increasing the pressure of the fluid. The centrifugal pump is commonly used in industries such as water & wastewater, power, chemical, oil & gas, and others. Advantages of centrifugal pump includes easy to handle, compact in size, and can be used to lift highly viscous liquid such as paper pulp, muddy and sewage water, sugar molasses, and oil.

The global centrifugal pumps market began to expand its worth and valuation since 2017, after some instability which was witnessed in the past few years due to the downturn in the oil & gas upstream sector mainly. However, continuous increase in expenditure in the market resulted to be positive on account of increasing crude oil price and an increase in activity, especially in North America.

By this development, the long-term outlook of the centrifugal pumps market is predicted to remain positive with the market value on the track to register at a CAGR of 4.01% by the year 2022. Market Research Future delivers key insights and presents a revised forecast of the global centrifugal pump market in its latest report.

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Global Centrifugal Pumps Market Segmental Analysis

In the reports of MRFR, the market for centrifugal pumps market includes some important segmentation. These segmentations have been done by type, by stage, by end-user, and by region.

By mode of type, the market is classified into overhung impeller, vertically suspended, and between bearing. Of these, vertically suspended is expected to be the leader in the market flow during the forecasted year. The leading factors owes to advantages driven by vertically suspended segment is as it is used in 75% less floor space compared to horizontal pumps with electric motor drives. Therefore, there has an increase in the demand for multistage pumps in commercial buildings, petroleum, oil & gas, and industrial process services, which are increasing the value of the market for vertically suspended centrifugal pumps.

By the mode of end-user, the market includes segments of water & wastewater, oil & gas, chemical, power, and others. The water & wastewater segment is estimated to capture the highest growth rate in the market drawn in the years to come.

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Key Players

The key players of global centrifugal pump market are Xylem (US), Grundfos (Denmark), Flowserve (US), KSB (Germany), Circor International (US), Sulzer (Switzerland), ITT Corporation (US), Wilo (Germany), Ebara Corporation (Japan), Pentair (US), Someflu (France), Baker Hughes, A GE Company (US), and Weir (UK).

Regional Outlook

Region wise, North America held the largest market share of the global Centrifugal Pump 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 infrastructure development. Moreover, he increased demand from the water and wastewater sector, moderate demand from constructions sector, rising urbanization, and supportive government plans are expected to drive the market for centrifugal pumps in Asia Pacific region. The pumps market would be mainly driven by the growing need for water conservation in the countries such as US and Canada.

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Global Sodium Sulfur Battery Market: 2020 Global Industry Share, Size, COVID – 19 Analysis and Segmentation by 2023

Sodium Sulfur Battery Market Research Report: Information by Power Rating (Upto 100 MW, 11-25 MW, 26-50 MW), Application (Grid and Standalone Systems, Space, and Transport & Heavy Machinery), and Region – Global Forecast till 2023

Sodium Sulfur Battery Market Research Report – Global Forecast till 2023

The global sodium sulfur battery market is expected to exhibit a robust 15.5% CAGR over the forecast period from 2018 to 2023, according to the latest research report released by Market Research Future (MRFR). The global sodium sulfur market is mainly driven by the growing demand from the utilities sector and is likely to be driven over the forecast period by the increasing government efforts being directed at full electrification and maintenance of a stable electric grid nationwide.

The growing demand for renewable energy is likely to be a major driver for the global sodium sulfur battery market. The sodium sulfur battery market benefits from the growth of the renewable energy sector due to the growing use of sodium sulfur batteries as an energy storage system in renewable energy mechanisms. Due to their peculiar characteristics, sodium sulfur batteries represent the perfect option for utilities looking to link up the electricity distribution between renewable and mainline electric grids. This is likely to drive the global sodium sulfur battery market over the forecast period.

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Sodium sulfur batteries are made from molten sodium and sulfur and possess high energy density and discharge times. The major components of sodium sulfur batteries include elementary cells composed of electrodes, modules, battery systems composed of large assembling of modules and a control system, and a power conversion system (PCS). The global demand for sodium sulfur batteries has mainly grown due to the growing demand for energy storage devices that can store energy for a long period of time and can discharge it as needed.

The growing demand for standalone energy generation projects in remote areas of the world is also likely to drive the global sodium sulfur battery market. In standalone energy generation projects, the main concern is the lack of an effective energy storage device that can reliably store the energy generated in the project and distribute it when required. The high utility of sodium sulfur batteries in this application is likely to drive the market at a stable growth rate over the forecast period.

Competitive Analysis:

Leading players in the global sodium sulfur battery market include POSCO, FIAMM Group, Sieyuan Electric Co. Ltd., Ceramatec Inc., Eagle Picher Technologies LLC, GE Energy Storage, KEMET Electronics Corporation, and NGK Insulators Ltd.

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Segmentation:

The global sodium sulfur battery market is segmented on the basis of power rating, application, and region.

By power rating, the global sodium sulfur battery market is segmented into up to 10 MW, 11-25 MW, 26-50 MW, and above 50 MW. The 26-50 MW batteries segment is expected to be the dominant revenue generator over the forecast period, as utilities have shown a clear preference for the segment.

By application, the global sodium sulfur batteries market is segmented into grids and standalone systems, space applications, and transportation and heavy machinery.

Regional Analysis:

Asia Pacific accounted for the largest share in the global sodium sulfur battery market in 2017 and is likely to remain the leading regional market over the forecast period due to the increasing investment in the renewable energy sector in countries such as China and India. Rural electrification efforts are likely to pick up speed in Asia Pacific over the forecast period, as governments in the region have shown a clear preference for completing rural electrification projects in the next few years. The lower costs of sodium sulfur batteries in comparison to conventional energy storage systems is also likely to be a major driver for the sodium sulfur battery market in Asia Pacific over the forecast period.

Also Read: https://www.marketwatch.com/press-release/sodium-sulfur-battery-market-share-size-2019-global-trends-competitive-analysis-growth-opportunities-segmentation-and-industry-expansion-strategies-till-2023-2019-10-17

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