Energy & Power blogs

  Market Scenario  According to MRFR, the Global  Subsea Manifold Market  2020 is expected to expand at 4.85% CAGR during the forecast period. Drivers and Restraints The function of manifolds is to merg the flow from the multi-well system and move the flow to the flow lines of production and to control the delivery of injected water , gas and chemicals. Any field under development process for producing oil from the subsea beds will provide the subsea manifolds market. Manifolds are among the largest cost-effective and operating efficient oil field development systems while reducing subsea pipeline and riser demand. The subsea collectors are designed to combine, distribute, control and monitor fluid flow from the wells. The subsea manifolds are either installed in deep sea beds by conventional methods involving cable installation and drilling risers, or by non-conventional methods including sheave installation method and pendulous installation method. Facts such as the increasing number

  Market Highlights The global market for  grid connected photovoltaic power systems  is expected to grow at a ~15% CAGR during the forecast period, 2020–2026. Grid connected PV systems are used to generate electricity by utilizing the solar energy and feeds the electricity back into the main electricity grid network. In 2019, Asia-Pacific dominated the global grid connected PV systems market in terms of share: MRFR The global grid connected PV systems market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia-Pacific is expected to hold the largest share of the market during the forecast period. The growing demand for on-grid solar energy sources and the government policies and schemes drive the growth of the grid connected PV systems market in the region.  Solar energy is identified as the best replacement to the conventional energy sources so as to decrease carbon footprint by meeting the electricit

  Cutting Pipe and Perforating Pipe Drilling Tools Market -Overview The global escalation in exploration & production activities is estimated to aid the  Cutting Pipe and Perforating Pipe Drilling Tools Market size  2020. The drilling, intervention and completion reports are produced by Market Research Future, which contains market alternatives for progress, progressive CAGR is forecasted for the market in the impending period. The development of unconventional hydrocarbon resources is estimated to create the outlook for expansion of the cutting pipe and perforating pipe drilling tools market in the coming period. The leading factor of technical advancements in drilling activities is estimated to create opportunities that are likely to be highly viable in the forecast period. However, the reduction of dependence on standard fuels is predicted to bolster the cutting pipe and perforating pipe drilling tools market in the upcoming period. Segmental Analysis  The segmental investigatio

  Market Highlights Downhole cables are used extensively in the oil & gas industry as their unique construction of downhole cables allows them to be used in harsh environments. These cables are used mainly for data transmission. Generally, these cables find applications in oil wells, pipelines, and underwater areas where they are used to drive centrifugal pumps. The increasing exploration & production of oil and gas and technical developments in drilling activities are expected to drive the market for downhole cables during the forecast period. According to the BP Statistical Review of World Energy 2019, the global oil production grew from 92,502 thousand barrel per day (TBPD) in 2017 to 94,718 TBPD in 2018; the global natural gas production grew from 3,677.7 billion cubic meter (BCM) in 2017 to 3,867.9 BCM in 2018. The growth in production of oil and gas can be attributed to the improving global economic conditions. There has been a dependence on natural gas for electricity ge

  Restriction of Long Voyages during COVID-19 Pandemic to Affect Global Marine Fuel Optimization Market Negatively Marine fuel is used on shipping vessels and motor ships for operational purposes. Marine fuel optimization system is a technology for measuring and monitoring the amount of fuel used for trips.  The cap on sulfur content in marine fuels can be a major catalyst in formulations and vessel engines. The global marine fuel optimization market report by Market Research Future (MRFR) addresses key trends and challenges for the period of 2018 to 2023 (forecast period). The COVID-19 pandemic and its impact on the industry have been taken into consideration for the report. Market Scope The global  Marine Fuel Optimization Market size  is expected to grow at a CAGR of 4.25% during the forecast period. Stringent government regulations for curbing carbon emission levels are likely to be the primary driver of the market. The enforcement of the use of low-sulfur oil in marine vessels in

  Global Energy Harvesting Trees Industry: Synopsis The detailed report published by Market Research Future (MRFR) projects that the global  Energy Harvesting Trees Industry  is marked to exhibit noteworthy expansion at a CAGR of 12.02 percent during the forecast period of 2017-2023. The global Energy Harvesting Trees Industry is also anticipated to reach the market valuation of USD 1,126 Mn by the end of the review period. Rapid adoption of green sources for electricity in order to fulfill the growing demand for energy, especially in the developing economies,  as a result of rapid industrialization, urbanization, and rise in population, increased demand for alternative energy solutions due to the growing awareness regarding the adverse effects caused on environment by depletion and combustion of fossil fuels, and increased investment for the installation of solar trees in the remote locations where electricity cannot be supplied through cables and wires are majorly propelling the grow

  Market Highlights Global Gel Battery Market is projected to reach USD 2.45 Billion by 2026, with 4.30% CAGR during the forecast period, 2020–2026. In the current scenario, industries engaged in automotive, energy storage, telecommunication, consumer electronics, and others require gel battery for ensuring improved durability and smooth power supply. These advanced batteries are technically sufficient to upgrade the life span of a device. Gel batteries use only one way valves in place of open vents. Gel battery is less tolerant of high heat and are charged at lower power. In 2019, North America dominated the  gel cell market  in terms of share: MRFR The gel battery market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia Pacific is expected to hold the largest share of the market during the forecast period. Factors such as large population base and presence of key gel battery manufacturers in China,

  The distribution feeder automation system market is growing at a rapid pace. These systems are rapidly adopted in commercial, industrial, and residential sectors to monitor the distribution system and its equipment remotely. The industry has significantly expanded in recent years, mainly due to the rising use of digital grids. The increasing demand from the power industry is a major factor substantiating the   size   of the market.  Besides, advances in technologies, such as e-mobility software, energy dashboard, feeder automation, and energy consulting & protection devices drive the market growth. Rapid industrialization in developing countries such as India has also created substantial market demand. Moreover, substantial investments in developing programmable logic controllers (PLCs), distributed control systems (DCSs), and microgrids boost the  distribution feeder automation system market size . According to Market Research Future (MRFR), the global distribution feeder automa

  Market Analysis  The  corrugated handle box market size  in 2018 was valued at USD 35 billion and is predicted to develop at a 4.2% CAGR between 2020 2027, reveals the latest Market Research Future (MRFR) report. Corrugated boxes are mostly used for proper handling as well as transportation of goods.  Various factors are fuelling the global corrugated handle box market growth. As per the recent MRFR market estimates, such factors include the booming e-commerce industry, rise in food franchise, growing inclination of the urban population towards takeaway food consumption, growing retail industry, increasing demand from food industry, increasing trend of food deliveries, demand for sustainable packaging solutions, increasing use during the COVID-19 pandemic, and the growing awareness about the advantages of corrugated handle box.  On the contrary, risk related to the damage of product owing to its contact with water and other liquid and rising production of biodegradable and recyclable