Energy & Power blogs

  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

  Market Highlights Global  Battery Recycling Market growth  is projected to be valued at USD 23.5 Billion by 2026, with 6.20% CAGR during the forecast period, 2020–2026. Battery recycling refers to recycling activity to reduce the batteries being disposed of as solid waste. These batteries contain heavy metals that raise concerns over environmental contamination.      In 2019, Asia-Pacific dominated the battery recycling market in terms of share: MRFR The battery recycling 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. This is primarily because countries in the region are extensively focused on battery recycling to reduce soil contamination and water pollution. In Asia-Pacific, China held the largest market share in 2018 due to the growing demand for electric vehicles. While the battery recycling market

  Market Highlights Global Market for UPS Battery is expected to grow at 10% CAGR during the forecast period, 2020–2026. UPS batteries are used to provide the power backup power to the UPS system to ensure the proper functioning of computers and other related electrical equipment in a safe working condition. In 2019, Asia-Pacific dominated the Global UPS Battery Market in terms of share: MRFR The global  UPS 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. The rising adoption of modular UPS systems, growing demand for colocation facilities, and the growing demand for UPS in BFSI and IT infrastructure drive the growth of the UPS battery market in the region.  In October 2017, CYRUSONE (US) along with the partnership with GDS Holdings Limited (China) invested USD 100 million for the development of d

  Market Highlights The global  grid connected PV systems market  is expected to grow at ~ 15% CAGR during the forecast period. The global market for grid connected PV 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 th

  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. 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  gel battery market share  during the forecast period. Factors such as large population base and presence of key gel battery manufacturers in China, India, and Southeast Asian countries are driving the growth of these ba

  Market Highlights Global Clean Coal Technology Market is projected to be valued at, with 3.7% CAGR during the forecast period, 2020–2026. Coal is one of the major sources for energy in the developing countries in Asia-Pacific and South America, which is expected to present significant opportunities for the  Clean Coal Technology Market growth  of the clean coal technology market. Key Players The key players operating in the global clean coal technology market are Clean Coal Technologies Inc. (US), Royal Dutch Shell PLC (Netherlands), General Electric Company (US), Siemens AG. (Germany), ExxonMobil (US), LanzaTech (New Zealand), Shell (Netherlands), JES Energy (US), InTherSoft (Poland), Alstom Power (France), GreatPoint Energy (US), E3 Clean Technologies (South Africa), Accelergy (US), Hygen (Sweden), Cortus AB (Sweden), Gasliner (Latvia), and Ciris Energy (US). In 2019, Asia-Pacific dominated the global clean coal technology market in terms of share: MRFR The global clean coal techno

  Overview The  oil well cement market  is anticipated to grow rapidly at a CAGR of 6.02% during the forecast period. The global oil well cement market is driven by growing E&P of unconventional reserves. These factors have helped shape the oil well cement market and are expected to boost the growth. Companies in the oil well cement market could also face challenges such as high cost and lack of investment. The details covered in the oil well cement market report cover all the aspects of the industry. Analysts studying the oil well cement market have also shared growth projections in the report and have suggested oil well cement market players to plan business strategies accordingly. Regional Overview Companies in the oil well cement market are spread across the world. The oil well cement market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American oil well cement market has many compani