Global CNG Dispenser Market Growth Factors, Scope, Drivers and Regional Outlook To 2023

Global CNG Dispenser Market Highlights

The global CNG dispenser market is estimated to expand at 7.70% CAGR during the forecast period. The growing demand for CNG dispenser is attributed to the low running cost of natural gas vehicles. Moreover, stringent emission policies are also driving the market for CNG dispenser. One of the major restraints of the global CNG dispenser is easy availability and transition to biofuels which can hinder the market for CNG dispenser.

CNG dispenser is an alternative to conventional fuel dispenser. It shows the pressure and temperature going into a tank and then displays that how many gasoline gallon equivalants (GGEs) are going into a vehicle. In order to reduce the environmental footprint and decrease the fuel cost, the operators are moving towards natural gas.

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There are mainly two types of CNG dispenser, mainly, fast fill and time fill. Fast fill dispenser are suitable for light-duty vehicles such as cars and vans, whereas time fill dispensers are designed based on the requirement. All these factors influence the cost of installation of both the types.     

Competitive Landscape:

·       Bennett (US),

·       Censtar (China),

·       Dover (US),

·       FTI International (Canada),

·       Fortive (US),

·       Compac (US),

·       Kraus (US),

·       Lanfeng (China),

·       Sanki (China),

·       Parker (US),

·       Scheidt & Bachmann (US),

·       Tatsuno (Japan),

·       Tulsa Gas Technologies (India),

·       WEH (Germany).

Segmental Analysis

The global market for CNG Dispenser Market has been segmented on the basis of type, distribution, and flow rate.

The types of CNG dispensers available in the market are fast filling and time filling. The distribution method of CNG dispensers includes company-owned & company-run, company-owned & dealer-run, and dealer-owned & dealer-run. The company-owned & company-run segment is estimated to account for the largest share owing to the increased profitability.   

Based on the flow rate, the global CNG dispenser market has been segmented into up to 50 kg/min, up to 15 kg/min, and up to 100 kg/min. The up to 100 kg/min segment is predicted to lead the market share over the review period, and record the highest growth rate, owing to the requirement of light-duty vehicles for quick tank refills. Moreover, owing to the operational improvement program for light-duty vehicles has resulted in cost reduction, and complexity in line is expected to fuel the growth of the CNG dispenser market.

Regional Analysis

On the basis of region, the global CNG dispenser market has been segmented into the Europe, Asia Pacific, North America, ,and the rest of the world (RoW).

North America is one of the major regional markets in the global CNG dispenser markets across the globe and is likely to witness remarkable growth over the review period. This is attributed to the government measures being undertaken for curbing emission levels in the region, especially in developed countries such as Canada, and the U.S., which established automotive markets.

Asia Pacific is one of the most important regional markets for CNG dispensers is expected to record a significant market share during the forecast period. Extensive diversity of industry verticals, including manufacturing, mining, oil & gas, textiles, and automation in the region, is projected to drive the CNG dispenser market in the Asia Pacific region. Asia Pacific is presently the primary market for CNG dispensers, followed by Europe.

India is one of the significant country-wise contributors across the globe, for the global CNG vehicles market with nearly about 60,000-70,000 units of CNG vehicles, which turns to drive increasing demand for CNG dispenser. The government has taken initiatives in favor of the growth of the CNG dispensers market, by exempting CNG vehicles from the strict regulatory reforms to control pollution, resulting in the growing adoption of CNG fitted cars.

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DC Permanent Magnet Motor Market Report 2020 Global Industry Size, Share, Trends and Segmentation by 2023

The global permanent magnet motor market is expected to exhibit a strong 8.7% CAGR over the forecast period from 2017 to 2023 due to the growing demand for permanent magnet motors in electric vehicles, according to the latest research report from Market Research Future (MRFR).

Permanent magnet motors use permanent magnets rather than winding in the field. This gives them a number of advantages such as higher power density, higher power efficiency, and easier control. The absence of mechanical commutators and brushes also ensures a lack of friction, further increasing the efficiency of permanent magnet motors. The higher energy efficiency and density of permanent magnet motors has resulted in increased preference for these type of motors over conventional induction motors. The industrial sector has been a major consumer of permanent magnet motors over the last few years and is likely to retain a leading share in the market over the forecast period due to the growing demand for power-efficient electric motors in the sector.

Also Read: https://www.marketwatch.com/press-release/permanent-magnet-motor-market-2020-robust-expansion-by-top-manufacturers-growth-drivers-competitive-landscape-regional-trends-share-size-scope-and-opportunity-assistance-by-2023-2020-07-06

The growing demand for electric vehicles is likely to be the major driver for the global permanent magnet motors market over the forecast period. Electric vehicle manufacturers are increasingly focusing on developing more efficient batteries providing longer operation times due to the need for ensuring a competitive mileage performance in comparison to traditional fossil fuel-powered automobiles. The rising need for electric vehicles that cater to the real world needs of consumers by providing high mileage figures is likely to be a major driver for the permanent motor magnet market over the forecast period.

Market Segmentation:

The global permanent magnet motor market is segmented on the basis of type, power rating, end use, and region.

By Type

• Permanent magnet AC
• Permanent magnet DC
• Brushless DC 

By Power Rating

• Up to 25 kW
• 25-100 kW
• 100-300 kW
• 300 kW & above

By End-User

• Industrial
• Commercial & Residential 

By Regions

• North America 
• Asia-Pacific 
• Europe
• Middle East & Africa
• South America

Regional Analysis:

Asia Pacific holds the largest share in the global permanent magnet motor market and is likely to retain the dominance over the forecast period due to the growing demand for permanent magnet motors in the industrial sector in countries such as China, India, Japan, South Korea, and Taiwan. The industrial sector in these and other APAC countries has become increasingly conscious about the power efficiency ratings of the equipment. With governments in the region set to back environmental regulations that mandate or incentivize the use of power efficient industrial equipment, the permanent magnet motor market is set to exhibit steady growth in Asia Pacific over the forecast period.

China is likely to remain the global leader in the global permanent magnet motor market over the forecast period due to the rapid growth of the industrial sector in the region in the last few years. The growing production of electric vehicles in China is also likely to add to the growth potential of the permanent magnet motors market in the country over the forecast period.

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Related Searches: https://www.marketwatch.com/press-release/permanent-magnet-motor-market-2019-development-strategy-sales-revenue-key-vendors-analysis-future-trends-demand-and-global-forecast-to-2023-2019-08-14

Boiler Controls Systems Market Growth Factors, Scope, Drivers and Regional Outlook To 2023

As per the latest report by Market Research Future (MRFR), the global l market is slated to attain a substantial valuation at a 6.01% CAGR over the assessment period.

Boilers are used to generate hot water and steam that is typically used in industrial processing plants and commercial complexes. These boilers require a control system to help in smooth functioning of the boiler by integrating control function of burner and maintain safety of the boiler with accurate fuel-air ratio. The boiler control system can be controlled in two ways, namely, modulating control and on/off control.

Competitive Landscape

The key players identified by MRFR in the global boiler control market include ABB (Switzerland), Burnham Commercial (US), Cleaver-Brooks (US), Emerson (US), HBX Control systems (Canada), Honeywell (US), Schneider (France), Siemens (Germany), Spirax Sarco (UK), and Yokogawa (Japan).

Also Read: http://www.marketwatch.com/story/boiler-control-market-2020-development-strategy-explosive-growth-opportunity-competitive-landscape-covid---19-outbreak-emerging-technologies-and-compressive-research-study-till-2023-2020-08-07

The growing demand for boiler control is attributed to the need for energy efficient equipment to save energy and achieve operational efficiency. Countries across the globe are focusing on investing in renewable power generation, natural gas fired power generation, and oil & gas sector to reduce carbon emission across the industries. One of the major restraints for the global boiler control market is upgrading cost of aging power plants.

Drivers and Trends

The growth of the global boiler control market is primarily driven by the growing need for energy-efficient equipment to control water and steam pressure. Moreover, the market growth is also influenced by the increasing investments towards energy efficiency across the globe, especially in smart cities, for improving energy security, energy cost savings, and reducing the greenhouse gas footprint caused by global industrialization.  These initiatives are expected to have a notable impact on the demand for boiler control systems over the review period. In addition to this, the growing demand from the power generation industry is also a driving factor for the market. The increasing global population has led to a significant rise in the need for electricity and power generation. Companies in the power generation sector are also focusing on renewable sources such as thermal, hydro nuclear, and others, which have a significant usage for boiler control systems. Thus, these factors are expected to contribute significantly towards the market growth over the review period.

Segmental Analysis

The global boiler control market have been segmented on the basis of type, component, control type, and end-user.

Types of boilers available in the market are fire-tube and water-tube boilers. Among these, the water-tube boiler holds a relatively more significant market share, owing to their applications in industries including chemical, metal and mining, power generation, and oil and gas, to produce steam on a large scale.

Based on the control type, the market has been segmented into modular and on/off. The modular segment is estimated to dominate the market share over the review period, driven by its broad adoption in large power plants coupled with low energy losses.

The end-users present in the global boiler control market are industrial and commercial. The industrial segment is assessed as the most significant and fastest-growing segment during the forecast period. This growth is attributed to the broad scope of applications of boiler control systems in the industrial sector, along with the increasing efforts being taken towards the expansion and improvement of the industrial sector in developing countries.

Regional Analysis

Based on the region, the global boiler control market is segmented into North America, the Asia Pacific, Europe, and the rest of the world.

The North American market for boiler control systems is expected to register the largest market share, owing to the increasing need for power generation in the region. Moreover, the governments of the developed countries in the region, such as the US and Canada, are investing extensively towards energy efficiency, and the emphasis on renewable energy sources. The presence of established industries for energy and power, mining, among others, also contribute towards the demand for boiler control systems in the region. These factors offer favorable conditions for the growth of the North American boiler control market over the assessment period.

The Asia Pacific is one of the significant regions in the global boiler control market and is predicted to witness the highest growth over the review period. This is primarily attributed to the increasing government investments towards power generation, in developing countries with population growth such as India, China, Japan, among others. Additionally, the growing industrialization, electrification, and adoption of the Industrial Internet of Things (IIoT) are expected to impact the demand for boiler control systems and consequently fuel the market growth.

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Digital Fault Recorder Market Forecast 2020: Gross Margin Analysis, Global Overview, Emerging Trends and Industry Outlook 2023

Digital Fault Recorder Market Scenario

The global digital fault recorder market is estimated to expand at 4.75% CAGR during the forecast period. Digital fault recorder stores the critical information within the substation and archives this data in a remote enterprise network location for permanent storage and analysis.

Digital fault recorder is a recording device used to monitor and access the low, medium, and high-voltage networks in power plants and transformer substations. This system uses communications to retrieve fault, disturbance, and sequence of event records that are captured by protection relays. Digital fault recorder is an integral component of energy sector which provides monitoring of power grids and ensure the reliability of electrical supply.

Also Read: https://www.abnewswire.com/pressreleases/digital-fault-recorder-market-2020-global-industry-segmented-by-installation-voltage-station-type-application-future-scope-dynamics-trends-and-demand-by-forecast-to-2023_466488.html

The growing demand for digital fault recorder market is attributed to the growing need for digital substations and need for reliable power supply system. Moreover, increasing investments in power T&D infrastructure globally is also driving the market for digital fault recorder. One of the major restraints of the global digital fault recorder market is high initial investment.

Industry Segmentation

The market for digital fault recorder market is segmented based on station as automated and non-automated. Automated digital fault recorder segment dominates the market as these digital fault recorders enable remote monitoring, controlling, and coordinating the transmission and distribution component installed in the substation. Asia-Pacific is expected to hold the largest share for automated digital fault recorder which is mainly driven by an increase in demand for retrofitting the conventional substations in order to upgrade the ageing infrastructure. 

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Asia-Pacific accounts for the largest market share and is the fastest growing region.

Region wise, Asia-Pacific held the largest market share of the global digital fault recorder market in 2017. It is estimated that Asia-Pacific region will continue to dominate the market during the forecast period, due to rising government investment, especially in China where the Chinese government is expected to invest USD 317 billion to improve power grid infrastructure by 2020.

According to IEA World Energy Outlook 2017, China is planning to invest around USD 27.5 billion towards the development of its transmission network. Such investment is likely to drive the market for digital fault recorder. Hence, the demand for digital fault recorder in Asia Pacific will be increased in order to cater the increasing electricity demand. Similarly, North America being the second largest region is also focusing towards immediate need for reliable power supply system, driving the demand for digital fault recorder

Leading Players

The key players of the global Digital fault recorder market are GE (US), Elspec (Israel), Siemens AG (Germany), Qualitrol (US), Logiclab (Italy), Ducati Energia (Italy), Ametek (US), E-Max Instruments (US), Kocos (Germany), and Procom Systems (Ontario).

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global digital fault recorders market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Automatic Battery Monitoring System Market Growth Factors, Scope, Drivers and Regional Outlook To 2023

Global Battery Monitoring System Market Analysis

Battery monitoring systems are gaining momentum on account of the increasing adoption of renewable energy that needs effective storage. Battery monitoring systems find a wide range of application in different industries. They are key a tool that helps is avoiding costly downtime due to unexpected battery failure. Technological advancements have led to introduction of more efficient systems that offer real time monitoring and subsequently help in improving battery life and reducing replacement cost and maintenance cost.

The growing demand for battery monitoring is attributed to the rising demand of electric vehicles. Moreover, preventing operational efficiency of batteries is also driving the market for battery monitoring system. One of the major restraints of the global battery monitoring system is high cost of battery monitoring systems, especially for large battery solutions.

Also Read: http://www.marketwatch.com/story/battery-monitoring-system-market-2020-robust-expansion-by-top-manufacturers-growth-insights-emerging-technologies-covid-19-outbreak-scope-and-business-boosting-strategies-till-2023-2020-07-29

Battery monitoring system is an integral part of the entire battery management system. It ensures the optimal usage of energy inside the battery which is providing power to an equipment. The main functions of battery monitoring system include providing real-time monitoring, preventing costly downtime, maximizing battery life, reducing maintenance & replacement cost, and enhancing safety and security of the critical battery backup system.  

Moreover, stricter safety regulations and importance of managing battery backup system is influencing the adoption rate. The growing industrial application of battery monitoring remains a positive indication for market player. The automotive sector, especially the electric and hybrid segment also presents attractive market opportunities. Such factors are expected to propel the market during the projection period.

Competition Analysis:

·       NDSL (India),

·       HBL (India),

·       ABB (Switzerland),

·       Eagle Eye (US),

·       Embitel (India),

·       Schneider Electric (France),

·       Texas Instruments (US),

·       Canara (US),

·       SBS (US),

·       Batterydaq (US),

·       Powershield (New Zealand),

·       Curtis (US) and

·       Btech (US).

Global Battery Monitoring System Market: Segmental Analysis

The segmental analysis of the Battery Monitoring System Market has been conducted on the basis of component, battery type, type, and end-user.

On the basis of type, the market has been segmented into wireless battery monitoring system and wired battery monitoring system. The wired segment is expected to remain highly lucrative during the assessment period. Most of the existing battery monitoring systems are used wired components. Nevertheless, the wireless battery monitoring systems are likely to gain traction in the forthcoming years. Wireless variants come with the convenience of remote monitoring of all operations.

On the basis of battery type, the market has been segmented into lithium-ion and lead-acid. The former will continue to outperform the later throughout the assessment period. Lithium-ion batteries have become the preferred option in many end-use segments including power tools, backup power and hybrid & electric vehicles.

On the basis of component, the market has been segmented into software & service and hardware. The hardware segment covers data recorders, controllers, sensors, and communication networks among others. The hardware segment currently represents the larger share of the market in terms of value. The segment is likely to retain its leading position over 2023. Battery monitoring hardware components have undergone tremendous technological advancements across various fronts include installation, high-resolution data recoding capabilities, wiring etc.

On the basis of end-use, the market has been segmented into telecommunications, energy and others.

Regional Analysis

North America is expected to remain an important market for battery monitoring systems over the next couple of years. The market growth in the region is supported by growing number data centres and adoption of renewable power generation systems. The growth of hybrid electric vehicle industries is also propelling the market forward. Opportunities are arising from increased adoption in end use sectors in countries such as the U.S. and Canada.  The data released by CBRE reveals that in North America, nearly USD 20 Bn was invested towards development of data centres in 2017. The countries that are mentioned above are highly active in investments towards end use market. The government in Canada has committed nearly 1.5 Bn in wind energy projects.  Such investments have augured well for market players operating in the region. The application scope has continued to grow in the region over time.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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