Energy & Power blogs

  Overview The global gas turbine industry is projected to grow at a CAGR of 4.80% during the forecast period. As per the gas turbine industry research report, the global market for gas turbine is projected to grow swiftly. According to analysts, availability of natural gas in large quantities as well as global electricity demand will drive the market growth during the forecast period. The gas turbine industry research report offers a comprehensive analysis of the global gas turbine industry and its application, region, technology, and capacity segments. The high cost along with need for physical space are the elements that could influence the gas turbine industry advancement throughout the forecast period. The  gas turbine manufacturing  research report by expert analysts is developed to assist organizations in the gas turbine industry. Market Segmentation The global gas turbine industry has been segmented based on application, region, technology, and capacity. On the basis of applica

  Market Highlights: The  global solar water heater market  is expected to grow at ~ 8.50% CAGR during the forecast period. Solar water heater is a device which provides hot water for industrial, commercial, and residential applications. A solar water heater comprises of an array of collectors to collect and store solar energy. There are mainly three types of solar collectors that are used in residential applications such as flat-plate collector, evacuated tube collector, and unglazed water collector. Solar water heater is majorly used to save energy bills. Moreover, the domestic and commercial consumers are entitled to claim renewable heat incentive for generating heat energy.       Based on application, the market is segmented as residential, commercial, and industrial. Residential segment is estimated to dominate the market during the forecast period due to the increasing demand for energy efficient water heater and rising investment in construction activities. The installation is m

  Market Scenario The  global low voltage switchgear market  is slated to rise at a CAGR of approximately 9% during the forecast period 2017-2023. The market is also expected to witness a successful growth trajectory and reach USD 20 billion by 2023. Drivers and Restraints The major factors driving the low-voltage switchgear market 's growth are supportive policy regulation toward incorporating renewable energy services through residential and commercial establishments. Net metering, feed in tariff, subsidies, and tax rebates are some of the main changes that will fuel demand for the drug. In addition , the rapid expansion of micro grid networks will further complement the business outlook by supplying the growing demand for off-grid energy across the emerging markets. The increased demand for electricity in the coming years is expected to propel the market on an upward trajectory. The rapid transition to renewable energy is likely to catalyze the development of the global low-volt

  The   Power Generator Rental Market   is garnering huge traction globally. Rental power equipment provides highly specialized electricity generation machineries on rental basis.  Besides, frequent power outages cause severe damages to industrial equipment & devices and disturb the production processes. Resultantly, industries increasingly adopt rental power equipment to obtain sustainable energy supply and hence immediately start the production and profitability again. Convenience is the major growth driver, increasing the preference of power rental services worldwide, allowing the market to substantiate further. According to Market Research Future (MRFR), the global power rental market valuation is expected to reach USD 21,765.1 MN by 2023, registering 9.06% CAGR during the review period (2017 – 2023). The spurring rise in end-user industries, including oil & gas, utilities, shipping, manufacturing, mining, construction, and others, increases the market size.  Recent discove

  Market Overview Market Research Future (MRFR) projects that the distributed control system (DCS) market 2020 can expand at a rate of 5.30% over the forecast period, which is between 2018 and 2023. We will provide covid-19 impact analysis with the report. The COVID-19 research of the  distributed control system market  offers an in-depth analysis post the coronavirus disease outbreak. Top Boosters and Key Deterrents The impact analysis on COVID-19 has been carried out by MRFR, which reveals that the energy and power industry can be profoundly affected by the plummeting demand and the crashing prices of power across regions. Keeping in mind the long-term impact of COVID-19, most of the leading companies are presently working on bringing down the costs of protecting their assets, and are also putting in efforts to ensure uninterrupted operations to control the revenue loss. While various countries are striving to find a COVID-19 breakthrough, the lockdown situation has managed to restra

Overview The  renewable energy market  is anticipated to grow by US$2,900 billion  by 2027 rapidly growing at a CAGR of 8.53% during the forecast period 2019-2027. The global renewable energy market is driven by growing concerns about the environmental effects of fossil fuel combustion as well as growing energy consumption worldwide. These factors have helped shape the renewable energy market and are expected to boost the growth. Companies in the renewable energy market could also face challenges such as stalled projects in some countries due to weak government policies as well as lack of awareness about renewable energy. The details covered in the renewable energy market report cover all the aspects of the industry. renewable energy market analysts have also shared growth projections in the report and have suggested renewable energy market players to plan growth strategies accordingly. Market Segmentation The global renewable energy market has been segmented based on type and end-user