Energy & Natural Resources

New York, December 2023: According to a new research study by Global Insight Services (GIS), the Spent Nuclear Fuel Waste Management market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 6.8 billion by 2032.

Spent nuclear fuel waste management encompasses the systematic handling, storage, and ultimate disposition of used nuclear fuel generated in nuclear power plants. After the fuel has undergone fission reactions in the reactor, it becomes “spent” and contains highly radioactive isotopes. Initial management involves on-site storage in specially designed pools or dry casks to allow for radioactive decay and heat dissipation. Some countries pursue reprocessing, a method to extract useful materials and reduce waste volume, although this practice is not universally adopted due to proliferation concerns.

The long-term focus is on establishing secure geological repositories where the spent fuel can be safely isolated from the environment for thousands of years. Developing these repositories involves rigorous site selection, engineering barriers, and monitoring systems to ensure containment. Spent nuclear fuel waste management aims to mitigate environmental risks, prevent the release of radioactive substances, and address the long-term challenges associated with nuclear energy’s byproducts. Balancing technological, environmental, and societal considerations is essential in devising comprehensive strategies for the responsible management of nuclear waste.

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Spent Nuclear Fuel Waste Management Market: Key Drivers

The growing deployment of nuclear power plants significantly influences the expansion of the Spent Nuclear Fuel Waste Management Market. As countries increasingly turn to nuclear energy to meet their electricity needs, the accumulation of spent nuclear fuel becomes a critical consideration. This trend propels the demand for effective and secure waste management solutions.

Governments and industry stakeholders recognize the importance of developing robust strategies for handling and disposing of spent nuclear fuel responsibly. Investments in advanced technologies for on-site storage, reprocessing, and the establishment of secure repositories contribute to the growth of the market. The emphasis on nuclear energy as a low-carbon option further amplifies the need for comprehensive waste management solutions.

The market dynamics are shaped by ongoing research and development efforts to enhance storage methods, explore innovative disposal technologies, and address public concerns about nuclear waste. Overall, the increasing reliance on nuclear power globally serves as a catalyst for the continuous evolution and growth of the Spent Nuclear Fuel Waste Management Market.

Spent Nuclear Fuel Waste Management Market: Market Restraints and Challenges

Uncertainty and lack of clarity regarding the cost of spent nuclear fuel waste management pose challenges to the growth of the Spent Nuclear Fuel Waste Management Market. The complex nature of managing nuclear waste, including uncertainties associated with regulatory frameworks, technological advancements, and public perception, makes it difficult to accurately estimate and communicate the costs involved.

Investors, policymakers, and industry stakeholders may hesitate to commit resources without a clear understanding of the financial implications and potential future developments in waste management technologies. Additionally, evolving regulations and safety standards can contribute to uncertainties in cost projections.

Spent Nuclear Fuel Waste Management Market Report Findings

https://www.globalinsightservices.com/reports/spent-nuclear-fuel-waste-management-market/

The Pressurized Water Reactor segment is likely to hold the major share of the market in 2022

On the basis of Reactor Type, the Spent Nuclear Fuel Waste Management Market is segmented into Pressurized Water Reactor, Boiling Water Reactor, Gas Cooled Reactor, and Others. The Pressurized Water Reactor segment is expected to have the largest Spent Nuclear Fuel Waste Management market share in 2022. The growth of the Pressurized Water Reactor (PWR) segment in the Spent Nuclear Fuel Waste Management Market is influenced by the widespread use of PWR technology in nuclear power generation. PWRs are one of the most common types of nuclear reactors globally, known for their efficiency and safety features. As more countries invest in nuclear power and deploy PWRs for electricity generation, the volume of spent nuclear fuel from these reactors increases. This, in turn, drives the demand for effective waste management solutions tailored to the characteristics of PWR-generated nuclear waste. The PWR segment’s growth is also influenced by advancements in technologies specifically designed for PWR-derived spent fuel, including storage solutions, transportation methods, and potential reprocessing techniques. Tailoring waste management strategies to the unique characteristics of PWRs is essential for optimizing efficiency and safety in handling and disposing of nuclear waste. Therefore, the growth of the Pressurized Water Reactor segment reflects the broader expansion of nuclear energy and the need for specialized solutions to manage the associated spent nuclear fuel effectively.

The Near Surface Disposal segment is likely to hold the major share of the market in 2022

Based on Disposal Type, the Spent Nuclear Fuel Waste Management Market is classified into Near Surface Disposal and Deep Surface Disposal. The Near Surface Disposal segment is expected to have the largest Spent Nuclear Fuel Waste Management market share in 2022. The growth of the Near Surface Disposal segment in the Spent Nuclear Fuel Waste Management Market is influenced by its cost-effectiveness and suitability for certain types of low and intermediate-level nuclear waste. Near Surface Disposal involves placing radioactive waste in facilities located relatively close to the Earth’s surface, typically in engineered repositories. This approach is particularly applicable for waste with lower radioactivity levels and shorter half-lives, as it provides a viable and less complex alternative to deep geological repositories. The Near Surface Disposal segment’s growth is driven by its potential for accommodating specific types of spent nuclear fuel and radioactive waste, offering a practical solution for countries with regulatory approval for such facilities. Advancements in engineering and containment technologies contribute to the safety and efficacy of near surface disposal methods. The segment’s growth also reflects ongoing efforts to diversify waste management strategies, taking into account both the characteristics of the waste and the regulatory landscape. Hence, the Near Surface Disposal segment’s expansion is shaped by its cost-effectiveness and suitability for managing certain categories of radioactive waste, providing a pragmatic solution within the broader spectrum of spent nuclear fuel waste management.

The Europe region is likely to hold the major share of the market in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe region is expected to have the largest Spent Nuclear Fuel Waste Management market share in 2022. The growth of the Spent Nuclear Fuel Waste Management Market in Europe is driven by a combination of factors, including the region’s commitment to nuclear energy, evolving regulatory frameworks, and advancements in waste management technologies. Firstly, several European countries rely on nuclear power to meet a significant portion of their electricity needs. As these nations continue to operate and, in some cases, expand their nuclear power capacities, the management of spent nuclear fuel becomes a paramount concern, contributing to the growth of the market. Further, Europe has established rigorous regulatory standards for nuclear safety and waste management. This commitment to stringent regulations fosters the development and implementation of advanced and secure spent nuclear fuel management practices, creating opportunities for market growth. Moreover, the European region is known for investing in research and innovation. Ongoing efforts to improve waste management technologies, explore reprocessing options, and enhance storage solutions contribute to the growth and evolution of the market. Additionally, European countries often engage in collaborative efforts to address common challenges in the nuclear industry. Collaborative initiatives facilitate the exchange of knowledge and best practices, promoting effective and standardized approaches to spent nuclear fuel waste management.

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Competitive Landscape

The key players studied in the Spent Nuclear Fuel Waste Management market are Augean (UK), Perma-Fix (US), Svensk Kärnbränslehantering AB (Sweden), Ansaldo Energia S.p.A. (Italy), US Ecology, Inc. (US), Veolia Environnement SA (France), EnergySolutions (US), Bechtel Corporation (US), Orano Group (US), and Westinghouse Electric Company LLC (US).

Spent Nuclear Fuel Waste Management Market: Recent Developments

• August 2023, The Swedish Nuclear Fuel Management Company SKB’s methodology is being used in the construction of Finland’s ultimate deposit for spent nuclear fuel. It is anticipated that the repository would receive its first spent fuel in the mid-2020s, making it the world’s first of its sort. Leading the world in the search for a permanent solution to the growing amounts of spent nuclear fuel are Sweden and Finland. Building and running Finland’s ultimate repository is the responsibility of Posiva, using a technique created by Swedish Nuclear Fuel Management Company SKB. Posiva is building this plant and is now applying for a licence to run it. Thus, Finland will be the first nation in the world to offer a repository where radioactive waste may be kept secure for a minimum of 1,00,000 years.
• June 2023, The degree to which Sweden complies with international standards for the national framework for the management of radioactive waste and spent nuclear fuel has been subjected to a peer evaluation by an international team of specialists. The International Atomic Energy Agency has officially given the go-ahead for the release of the report that includes the expert team’s conclusions.
• February 2023, As France attempts to make safe the results of its expanding reliance on atomic power, robotic arms led by specialists behind a protective barrier manipulate a pipe that will transform radioactive substances into glass at a nuclear waste facility in Normandy. The government, according to state-owned Orano, which operates the fuel-cooling pools at La Hague, on the northwest corner of the country, needs to come up with a long-term plan to upgrade its old infrastructure by 2025, since the pools may fill up by the end of the decade.

Spent Nuclear Fuel Waste Management Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current Spent Nuclear Fuel Waste Management Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• The report also covers qualitative as well as quantitative analysis of Spent Nuclear Fuel Waste Management Market in terms of revenue ($Million).
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Spent Nuclear Fuel Waste Management industry.
• A thorough analysis of market trends and restraints is provided.
• By region as well as country market analysis is also presented in this report.
• Analytical depiction of the Spent Nuclear Fuel Waste Management Market along with the current trends and future estimations to depict imminent investment pockets. The overall Spent Nuclear Fuel Waste Management industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
• Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Spent Nuclear Fuel Waste Management Market are also analyzed.

Spent Nuclear Fuel Waste Management Market Segmentation

By Reactor Type

• Pressurized Water Reactor
• Boiling Water Reactor
• Gas Cooled Reactor
• Others

By Disposal Type

• Near Surface Disposal
• Deep Surface Disposal

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Netherlands
  • Sweden
  • Switzerland
  • Denmark
  • Finland
  • Russia
  • Rest of Europe
• The Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Indonesia
  • Taiwan
  • Malaysia
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Augean (UK)
• Perma-Fix (US)
• Svensk Kärnbränslehantering AB (Sweden)
• Ansaldo Energia S.p.A. (Italy)
• US Ecology, Inc. (US)
• Veolia Environnement SA (France)
• EnergySolutions (US)
• Bechtel Corporation (US)
• Orano Group (US)
• Westinghouse Electric Company LLC (US)

New York, December 2023: According to a new research study by Global Insight Services (GIS), the Wind Turbine Tower market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 35.1 billion by 2032.

A wind turbine tower is a vital component of a wind energy system, serving as the structural support for the turbine’s blades and nacelle. Typically made of steel or concrete, these towers stand tall to harness the kinetic energy of the wind at higher altitudes where wind speeds are more consistent. The tower’s height is crucial for maximizing energy capture, as wind velocity increases with altitude.

The tower connects the turbine’s rotor to the ground-based generator through a shaft in the nacelle. It plays a pivotal role in ensuring the turbine operates efficiently by elevating the rotor above obstacles that could disrupt wind flow. Different tower designs exist, including tubular steel and lattice structures, each tailored to specific site conditions and turbine sizes.

Modern wind turbine towers are engineered for strength and durability, supporting the transition to renewable energy. As technology advances, taller towers are being developed to access stronger winds, contributing to the overall effectiveness and sustainability of wind power systems in the pursuit of clean energy solutions.

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Wind Turbine Tower Market: Key Drivers

The proliferation of wind farms has been a key driver in the growth of the wind turbine tower market. As countries worldwide seek sustainable and clean energy sources, wind power has emerged as a prominent solution, leading to a surge in the establishment of wind farms. These farms consist of multiple wind turbines, each requiring a dedicated tower for structural support.

The increasing number of wind farms is directly correlated with a rising demand for wind turbine towers. This demand has stimulated innovation and competition within the market, fostering advancements in tower design and construction materials. Taller towers are now being developed to tap into higher altitude winds, enhancing the overall efficiency and power output of wind turbines.

Additionally, government initiatives, incentives, and global commitments to reduce carbon emissions have further propelled the growth of wind energy projects, thereby amplifying the demand for wind turbine towers. This trend not only signifies a shift towards sustainable energy but also underscores the economic viability of wind power, making the wind turbine tower market a pivotal player in the renewable energy landscape.

Wind Turbine Tower Market: Market Restraints and Challenges

The overdependence on Chinese wind turbine tower manufacturers has become a significant hindrance to the growth of the global wind turbine tower market. China has emerged as a dominant player in the manufacturing of wind energy components, including towers, due to its large-scale production capabilities and cost competitiveness. However, this concentration of production in one region poses several challenges.

Firstly, geopolitical tensions and trade uncertainties can disrupt the supply chain, leading to delays and supply shortages for wind projects globally. The reliance on a single manufacturing base also raises concerns about the resilience and stability of the supply chain, especially during times of economic or political turbulence.

Moreover, the overdependence on Chinese manufacturers limits diversity in the market, potentially stifling innovation and creating vulnerabilities in the face of unforeseen events. Diversifying the manufacturing base across multiple regions could enhance the industry’s resilience and promote healthy competition, encouraging advancements in technology and driving down costs.

Efforts to encourage the development of wind turbine tower manufacturing capabilities in other regions can help mitigate these risks, ensuring a more robust and sustainable global wind energy infrastructure.

Wind Turbine Tower Market Report Findings

https://www.globalinsightservices.com/reports/wind-turbine-tower-market/

The Tubular Steel Towers segment is likely to hold the major share of the market in 2022

On the basis of Tower Type, the Wind Turbine Tower Market is segmented into Tubular Steel Towers, Lattice Towers, and Hybrid Towers. The Tubular Steel Towers segment is expected to have the largest Wind Turbine Tower market share in 2022. The tubular steel towers segment is experiencing notable growth in the wind turbine tower market. Tubular steel towers are a popular choice for supporting wind turbines due to their structural efficiency, strength, and versatility. These towers are cylindrical in shape and can be easily transported and assembled, making them cost-effective and suitable for various wind farm locations. One key factor driving the growth of tubular steel towers is their adaptability to a wide range of wind turbine sizes, including both onshore and offshore installations. Advances in engineering and manufacturing techniques have allowed for the production of taller and more robust tubular steel towers, enabling access to higher wind speeds at elevated heights. This, in turn, enhances the overall energy output and efficiency of wind turbines. Furthermore, the demand for tubular steel towers is propelled by their durability and resistance to environmental factors. These towers are designed to withstand challenging weather conditions, contributing to the longevity and reliability of wind energy systems. As the wind energy sector continues to expand globally, the tubular steel towers segment is likely to maintain its growth trajectory, playing a pivotal role in supporting the development of sustainable and efficient wind power infrastructure.

The Onshore segment is likely to hold the major share of the market in 2022

Based on Deployment Type, the Wind Turbine Tower Market is classified into Onshore and Offshore. The Onshore segment is expected to have the largest Wind Turbine Tower market share in 2022. The onshore segment is experiencing significant growth in the wind turbine tower market. Onshore wind farms, where turbines are installed on land, continue to be a dominant and expanding source of renewable energy. Several factors contribute to the growth of onshore deployment in this market. Firstly, onshore wind projects generally have a lower initial investment compared to offshore alternatives, making them more economically attractive for many regions. This cost-effectiveness has led to increased adoption and investment in onshore wind farms. Secondly, technological advancements in onshore wind turbine design and manufacturing have improved efficiency and energy output. Innovations in taller tower designs allow turbines to access higher wind speeds, further enhancing the performance of onshore wind farms. Additionally, the availability of vast onshore areas with suitable wind conditions contributes to the growth of this segment. Many countries can harness wind energy resources from their existing landscapes, promoting the development of onshore wind projects as a viable and sustainable option for clean energy generation.

The Asia Pacific region is likely to hold the major share of the market in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is expected to have the largest Wind Turbine Tower market share in 2022. The Asia Pacific region is witnessing substantial growth in the wind turbine tower market, fueled by various factors contributing to the expansion of the renewable energy sector. Firstly, the region’s increasing energy demands, driven by rapid industrialization and urbanization, have led countries in Asia Pacific to explore sustainable and reliable energy sources. Wind power, facilitated by the growth in the wind turbine tower market, plays a significant role in meeting these demands. Further, many countries in the Asia Pacific region have implemented supportive policies and incentives to promote renewable energy, including wind power. Government initiatives encourage the development of wind farms, fostering a conducive environment for the growth of the wind turbine tower market. Moreover, ongoing advancements in wind turbine technology, including taller towers and more efficient designs, have made wind energy more competitive and attractive. This technological progress contributes to the increasing deployment of wind turbines in the Asia Pacific region. In addition, the region benefits from the cost competitiveness of wind energy, making it a viable option for addressing power needs. As the wind turbine tower market expands, economies of scale and increased competition among manufacturers contribute to further cost reductions. Furthermore, many countries in the Asia Pacific have set ambitious renewable energy targets to reduce carbon emissions and combat climate change. Wind power, supported by a growing market for wind turbine towers, becomes instrumental in achieving these targets. Hence, the Asia Pacific region’s growth in the wind turbine tower market reflects a broader commitment to sustainable energy and the recognition of wind power as a crucial component in the region’s energy mix.

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Competitive Landscape

The key players studied in the Wind Turbine Tower market are Anyang Machinery Co., Ltd (part of China National Building Material Group) (China), Arcosa Wind Towers, Inc. (US), CS WIND CORPORATION (South Korea), Cubuilt Engineers Pvt Ltd. (India), GRI Renewable Industries (Spain), Keystone Tower Systems (US), KGW Schweriner Maschinen- und Anlagenbau GmbH (Germany), Marmen inc. (Canada), Modvion (Sweden), and United Energy Qazaqstan LLP (Republic of Kazakhstan).

Wind Turbine Tower Market: Recent Developments

• August 2023, For its Wind of Change initiative, the Swedish wood technology company Modvion is constructing the highest wooden wind turbine tower in the world. The tower will stand 105 meters tall, and the entire construction will be 150 meters tall when the turbine blades are added. Laminated veneer timber is the type of wood used to construct the wooden modules that comprise the tower. In order to ensure that the towers are waterproof, they are painted thickly with waterproof sealant. This creates a regulated air volume inside the solid-wood tower, which aids in stabilization and the battle against humidity.
• April 2023, The GreenerTower, a wind turbine tower composed of more sustainably produced steel, was unveiled by Siemens Gamesa. About 80% of a tower’s material is made of steel plates. When compared to traditional steel, the tower steel plates made of the new GreenerTower will guarantee a minimum 63% decrease in CO2. With the same steel characteristics and quality, Siemens Gamesa’s new rigorous qualifying method will confirm that emissions of CO2 equivalents can only be released in excess of 0.7 tons per ton of steel.
• June 2021, A deal was reached for the sale of Vestas Wind Systems AS, a Danish wind turbine manufacturer, to CS Wind Corp., a South Korean tower builder, at its Pueblo, Colorado, tower facility.

Wind Turbine Tower Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current Wind Turbine Tower Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• The report also covers qualitative as well as quantitative analysis of Wind Turbine Tower Market in terms of revenue ($Million).
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Wind Turbine Tower industry.
• A thorough analysis of market trends and restraints is provided.
• By region as well as country market analysis is also presented in this report.
• Analytical depiction of the Wind Turbine Tower Market along with the current trends and future estimations to depict imminent investment pockets. The overall Wind Turbine Tower industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
• Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Wind Turbine Tower Market are also analyzed.

Wind Turbine Tower Market Segmentation

By Tower Type

• Tubular Steel Towers
• Lattice Towers
• Hybrid Towers

By Deployment Type

• Onshore
• Offshore

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Netherlands
  • Sweden
  • Switzerland
  • Denmark
  • Finland
  • Russia
  • Rest of Europe
• The Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Indonesia
  • Taiwan
  • Malaysia
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Anyang Machinery Co., Ltd (part of China National Building Material Group) (China)
• Arcosa Wind Towers, Inc. (US)
• CS WIND CORPORATION (South Korea)
• Cubuilt Engineers Pvt Ltd. (India)
• GRI Renewable Industries (Spain)
• Keystone Tower Systems (US)
• KGW Schweriner Maschinen- und Anlagenbau GmbH (Germany)
• Marmen inc. (Canada)
• Modvion (Sweden)
• United Energy Qazaqstan LLP (Republic of Kazakhstan)

New York, November 2023: According to a new research study by Global Insight Services (GIS), the Solar Collector Tube Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 9.1 billion by 2032.

Solar collector tubes are vacuum tubes that capture and store solar heat. They are used in solar thermal collectors to convert solar energy into heat energy that may be utilized for water heating, space heating, process heat, solar cooling, and power generation. Because of the greater insulation provided by the evacuated tube design, the tubes may attain high temperatures even in cold conditions. Solar collector tubes provide several advantages, including high efficiency, reduced heat loss, and the ability to perform under diffuse light circumstances.

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Global Solar Collector Tube Market: Market Drivers and Trends

Government policies and incentives encouraging renewable energy: Governments throughout the world are enacting policies, rules, and incentives to encourage the use of renewable energy sources such as solar thermal technology. Renewable heat subsidies, zero/low-interest financing, tax breaks, and renewable energy objectives all encourage the installation of collector tube-based solar water heating and space heating systems. The EU Renewable Energy Directive, for example, has a binding objective of 20% final energy consumption from renewable sources by 2020. Solar water heaters are eligible for a 30% federal tax credit in the United States. Such policies are intended to stimulate the solar collector sector.

Furthermore, Technological improvements that result in greater efficiency and cheaper costs: Continuous developments in materials, coatings, heat transfer mechanisms, and manufacturing methods improve solar collector tube efficiency while lowering prices. The development of selective surface coatings with strong solar absorptivity and low thermal emissivity, for example, has increased collector efficiency. Manufacturers are concentrating on optimizing the vacuum in evacuated tubes to reduce convection and conduction heat losses. These technological advancements are driving market expansion by boosting the cost-competitiveness and performance of solar collector tubes.

Global Solar Collector Tube Market: Market Restraints and Challenges

Expensive upfront system and installation costs: Despite advances, the upfront system and installation costs of solar collector tube systems remain expensive, discouraging many potential consumers. Tubes, headers, heat exchangers, and storage all contribute to the expense. Complex designs significantly increase the cost of installation. The market requires increased efforts to build easier plug-and-play systems and lower production/logistics costs through technological advancements and economies of scale.

Infrastructure issues in underdeveloped nations: In many developing countries, solar collector adoption is hampered by a lack of infrastructure. The lack of specialists for O&M services, a lack of specialized enterprises providing collector system design/installation, and insufficient spare parts distribution channels all impede market expansion. Improving the solar infrastructure ecosystem in terms of trained workers, approved system integrators, and supply chains can help emerging nations embrace collector tube systems.

Global Solar Collector Tube Market Report Findings

https://www.globalinsightservices.com/reports/solar-collector-tube-market/

The u-shaped segment is likely to hold the major share of the market in 2022

Based on type, the Solar Collector Tube Market is segmented into U-shaped, heat pipe, evacuated tubes, flat plate, air collectors, and others. The u-shaped segment is expected to dominate the market during the forecast period.

The residential segment is likely to hold the major share of the market in 2022

By end user, the market is classified into residential, commercial, industrial, and others. The residential segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period.

The system type segment is likely to hold the major share of the market in 2022

Based on system type, the Solar Collector Tube Market is segmented into thermosiphon, pumped, passive, tracking, ICS, and evacuated tube collectors. In 2022, the thermosiphon segment dominated the market in terms of revenue and is expected to be the same during the upcoming years.

The North America region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America has the biggest market share in terms of Solar Collector Tube Market value followed by Europe. The market in North America is expanding because of favorable government regulations, increased usage of solar thermal technology, and increased investments in renewable energy. The European market for Solar Collector Tubes is predicted to be the second largest. The European market is expanding due to strong pollution control rules and ambitions to increase the use of renewable energy. During the projected period, the Asia Pacific market is likely to be the fastest-growing market for the Solar Collector Tube Market. Rapid urbanization, expanding infrastructural development, and falling solar collector tube costs are driving market expansion in the Asia Pacific.

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Competitive Landscape

The key players studied in the global Solar Collector Tube Market are Schott AG, Yulong Dingtajian New Energy, Apex Solar, Sinosun Energy Technology, Neo Solar Power Corporation, Solimpeks Solar Energy, Sunrain, Hubei Fullhonor Solar Energy Technology, Solar Wind Technologies, and Sunmaxx among others.

Global Solar Collector Tube Market: Recent Developments

• In October 2022, Kingspan Group has purchased a controlling position in Solmogeneracion, a Spanish solar thermal firm that specializes in big industrial process heat systems. The acquisition broadens Kingspan’s solar thermal capabilities.
• In September 2022, Apricus Solar Co. introduced Etros, a revolutionary evacuated tube solar collector with enhanced coatings for increased efficiency. The new collector is intended for use in household and commercial heating systems.
• In January 2021, Linuo Paradigma introduced The RTT solar tube, a high-efficiency all-glass evacuated tube solar collector developed for hot water and heating applications. The enhanced heat transmission and decreased thermal losses of the new model.
• In December 2020, Viessmann Group purchased a share in Arcon-Sunmark, a major Danish manufacturer of solar thermal collectors. The collaboration intends to boost Viessmann’s solar heating business and product development.
• In November 2020, Solimpeks debuted their Solytech solar tube collector for generating heat in industrial processes. The system is suitable for food processing, chemical production, and other manufacturing applications and can attain temperatures of up to 400°C.

Global Solar Collector Tube Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Solar Collector Tube Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global Solar Collector Tube Market potential from 2022 to 2032 in terms of revenue ($ Million), and Volume (Units).
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Solar Collector Tube Market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Solar Collector Tube Market industry.

Global Solar Collector Tube Market Segmentation

By Type

• U-shaped
• Heat Pipe
• Evacuated Tubes
• Flat Plate
• Air Collectors
• Others

By End User

• Residential
• Commercial
• Industrial
• Others

By System Type

• Thermosiphon
• Pumped
• Passive
• Tracking
• ICS
• Evacuated Tube Collectors

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Schott AG
• Yulong Dingtajian New Energy
• Apex Solar
• Sinosun Energy Technology
• Neo Solar Power Corporation
• Solimpeks Solar Energy
• Sunrain
• Hubei Fullhonor Solar Energy Technology
• Solar Wind Technologies
• Sunmaxx

New York, October 2023: According to a new research study by Global Insight Services (GIS), the Small Internal Combustion Engine (ICE) Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 6.1 billion by 2032.

Internal combustion engines are a sort of power-generating source for various cars in which petroleum or natural gas is burned to create heat, which results in the creation of power, which is then utilized for the mobility of the automobiles in which they are placed. This construction contains a chamber where the combustion process takes place with the help of an oxidizer.

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Global Small Internal Combustion Engine (ICE) Market: Market Drivers and Trends

The increase in demand for diesel engines will propel the growth of the market expansion. The increased preference for diesel engines over petrol engines due to their greater fuel efficiency, durability, and dependability, along with an advantageous fuel tax position, has further influenced the market. Furthermore, the rise of the automobile sector, higher investment, and increasing disposable income all benefit the internal combustion engine (ICE) market.

Additionally, one of the key factors driving the expansion of the internal combustion engine (ICE) industry is the increase in government measures to reduce emissions. Increased expenditure by manufacturers to satisfy regulatory criteria benefits the market. These drivers may expect to fuel the growth of the market.

Global Small Internal Combustion Engine (ICE) Market: Market Restraints and Challenges

The presence of strong regulatory intervention in the market for ICE due to environmental effects assaults, as well as the rising adoption rate of EVs (electric vehicles), are projected to impede industry growth. Furthermore, a rising scarcity of fossil fuel reserves, resulting in increased petroleum product prices, is expected to pose a threat to the internal combustion engine (ICE) industry throughout the projection period.

Global Small Internal Combustion Engine (ICE) Market Report Findings

https://www.globalinsightservices.com/reports/small-internal-combustion-engine-ice-market-2/

The gasoline segment is likely to hold the major share of the market in 2022

Based on fuel type, it is segmented into gasoline, diesel, and gas. The gasoline segment had the highest revenue share in 2022 and is expected to continue to dominate the market over the period. The gasoline fuel-based IC engines create power by using a spark ignition mechanism to burn a volatile liquid fuel. It is further subdivided into fuel management, ignition, and application categories. In the automobile business, gasoline IC engines are used in cars, trucks, and other vehicles. Furthermore, it has been widely used in the aircraft, power equipment, and industrial machinery industries.

The 1 segment is likely to hold the major share of the market in 2022

Based on cylinders, it is bifurcated into 1, 2, 3, and 4. The 4 segment has dominated the market in 2022 and expected to expand the fastest due to Small 1-cylinder IC engines have a basic structure and a compact dimension, and they provide improved operational performance. They ensure quick and cost-effective procedures with redundant and dependable outcomes. Furthermore, 1-cylinder IC engines need a simple cooling mechanism, such as air-cooling, which minimizes engine weight. These engines provide the most power while being economically constructed. The 1-cylinder tiny IC engines are used in original equipment manufacture (OEM), the oil and gasoline sector, transportation, and other industries. Unchecked consumption of fossil fuels and rising fuel price uncertainty have resulted in the development of single-cylinder engine systems to decrease carbon emissions, which eventually drives the tiny ICE Market.

The transportation segment is likely to hold the major share of the market in 2022

Based on end-use, it is segmented into power generation, manufacturing, oil and gas, transportation, and others. The transportation segment is expected to be the largest segment in the Small Internal Combustion Engine (ICE) Market in 2022.

The North America region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, the North America region Small Internal Combustion Engine (ICE) Market had the highest revenue share, The United States is the most developed country in North America. Because the United States is a technology early adopter, the adoption rate of lawn and gardening machines, gensets, industrial machinery, diesel pumps, and other power equipment is greater in the United States than in other North American nations. This reason motivates tiny internal combustion engine manufacturers to focus more on producing small IC engines for a variety of applications. Market participants are also increasing their footprint in the region in order to serve the greatest number of clients and strengthen their worldwide presence. For example, DEUTZ Corporation teamed with Kukje Machinery in December 2019 to enhance their reach in North America for engines with power output ranges less than 19 kW.

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Competitive Landscape

The key players studied in the global Small Internal Combustion Engine (ICE) Market are AGCO Corporation, Ashok Leyland , Hino Motors, Ltd., Bosch Limited, Caterpillar, Cummins Inc. , Ford Motor Company , Kirloskar Oil Engines Ltd. , General Motors , and Mahindra & Mahindra Ltd. among others.Global Small Internal Combustion Engine (ICE) Market: Recent Developments

• In 2021, Ford Motor Company has committed to a spending plan of $11 billion in hybrid engine research through 2022.
• In 2019, DEUTZ Corporation collaborated with Kukje Machinery to enhance their presence in North America for engines with power outputs less than 19 kW.
• In 2019, Yanmar Holdings Co., Ltd has announced the development of the 3TNV80FT Industrial Engine, which will be powered by the 2G Eco Governor turbocharging technology.

Global Small Internal Combustion Engine (ICE) Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Small Internal Combustion Engine (ICE) Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global Small Internal Combustion Engine (ICE) Market potential from 2022 to 2032 in terms of revenue($ Million), and Volume(Units).
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Small Internal Combustion Engine (ICE) Market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Security Robots industry.

Global Small Internal Combustion Engine (ICE) Market Segmentation

By Fuel Type

• Gasoline
• Diesel
• Gas

By Cylinders

• 1
• 2
• 3
• 4

By End-Use

• Power Generation
• Manufacturing
• Oil and Gas
• Transportation
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• AGCO Corporation
• Ashok Leyland
• Hino Motors, Ltd.
• Bosch Limited
• Caterpillar
• Cummins Inc.
• Ford Motor Company
• Kirloskar Oil Engines Ltd.
• General Motors
• Mahindra & Mahindra Ltd.

New York, October 2023: According to a new research study by Global Insight Services (GIS), the Lithium-ion Battery Energy Storage Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 18.4 billion by 2032.

An electrochemical device that charges or absorbs energy from the grid or a power plant and then releases that energy to deliver electricity or other grid services when needed. Battery storage is a critical technology that may improve power system flexibility while also allowing for significant levels of renewable energy integration. Modern lithium-ion battery energy storage systems typically contain an inverter and computerized control systems, making them simple to install, generally maintenance-free, and requiring little human effort or knowledge. End customers of battery energy storage devices include both business and residential entities. Peak shaving, load shifting, emergency backup, and different grid services are examples of commercial end users. Self-consumption, off-grid houses, and emergency backup are examples of residential end-users.

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Global Lithium-ion Battery Energy Storage Market: Market Drivers and Trends

One of the key factors driving the growth of the worldwide Lithium-ion Battery Energy Storage Market is the wind farms continue to enhance the environmental effect and safety of energy storage systems by increasing their quality, quantity, and dependability. Because of increasing demand for renewable energy and carbon reduction, battery storage systems are becoming more popular. Batteries have the potential to greatly increase power users’ desire for clean energy by balancing the irregular nature of renewable energy sources.

Global Lithium-ion Battery Energy Storage Market: Market Restraints and Challenges

Overheating, excessive voltage sensitivity, and potential fire dangers are all issues with lithium-ion batteries. These problems might be difficult to manage since they need adequate safety devices to regulate internal pressures and voltage. As a result, safety precautions frequently add to the weight and reduce the effectiveness of lithium-ion batteries. When these batteries are damaged, they still carry energy that must be dissipated before touching or interacting with impacted cells. Furthermore, the substantial initial investment necessary to construct lithium-ion battery energy storage systems may stifle industry expansion.

Global Lithium-ion Battery Energy Storage Market Report Findings

https://www.globalinsightservices.com/reports/lithium-ion-battery-energy-storage-market/

The industrial segment is likely to hold the major share of the market in 2022

Based on application, the Lithium-ion Battery Energy Storage Market is segmented into commercial, industrial, and residential. The industrial segment is expected to dominate the market during the forecast period. Furthermore, the growing trend towards a low-carbon, less-fossil-fuel-based economy, as well as the ongoing renewable energy revolution, are predicted to fuel the expansion of the lithium-ion battery energy storage system business. On the contrary, factors such as the rapid increase in the number of rural electrification projects worldwide, the increased need for continuous power supply, particularly for the growing number of data centers, and the decline in lithium-ion battery prices are expected to create massive opportunities for the widespread use of lithium-ion battery energy storage systems in the near future.

The on-grid segment is likely to hold the major share of the market in 2022

By connection type, the market is classified into on grid, and off grid. The on-grid segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. The lithium-ion battery energy storage system market is predicted to develop significantly during the forecast period, owing to increased demand for grid energy storage systems for ongoing grid modernization and fast penetration of lithium-ion batteries in the renewable energy sector.

The Asia-Pacific region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific has the biggest market share in terms of Lithium-ion Battery Energy Storage Market value followed by Europe. This is Due to new product advancements and considerable increases in investment by key companies and government institutions, China is likely to emerge as a prominent market for the lithium-ion battery energy storage system sector. The Asia-Pacific region’s well-established electronics sector and the adoption of innovative technologies have provided the region’s organizations with a competitive advantage in the market.

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Competitive Landscape

The key players studied in the global Lithium-ion Battery Energy Storage Market are ABB Ltd. , Toshiba Corporation, LG Electronics Inc. , Siemens AG , Panasonic Corporation, Hitachi Ltd., Parker Hannifin Corporation, Samsung Electronics Co Ltd, Honeywell International Inc. , and Jakson Group among others.

Global Lithium-ion Battery Energy Storage Market: Recent Developments

• In 2023, The US Defence Advanced Research Projects Agency’s (DARPA) Materials with Novel Transport Properties (MINT) program awarded GE Research two projects. The programs intend to investigate the feasibility of creating perpetually lasting metal materials and batteries. The discovery might lead to self-healing metals that are corrosion-resistant and nondegradable. The research is being funded by DARPA in order to fulfill its aim of prolonging the life of essential infrastructure and systems. GE Research’s participation in the program is part of the company’s continuous efforts to create new technologies and materials with major significance for a variety of sectors.
• In February 2022, to extend its Energy Storage System (ESS) business offerings, LG Energy Solution purchased NEC Energy Solutions, a grid battery integrator located in the United States. The battery maker has entirely bought NEC Energy Solutions from its parent company, NEC Corporation, based in Japan. With the agreement, LGES will form a new firm called LG Energy Solution Vertech. Inc. .
• In January 2022, CATL has engaged in a strategic partnership with TES Sustainable Battery Solutions, a developer of energy storage solutions. The firms’ Overseas Strategic Agreement (OSA) will allow TES to provide its services to CATL energy storage system consumers throughout Asia Pacific, the Middle East Africa, and Europe. The partnership between the companies will spread the after-sales services of both companies due to enhanced services, which will increase the organizations’ client base in the next years.
• In November 2021, Hitachi Energy introduced upgraded and enhanced versions of its power store battery energy storage system (BESS) products, as well as other new and updated grid edge solutions products and services.
• In October 2021, to fulfill the demand for sustainable energy storage, Honeywell introduced a novel flow battery technology that works with renewable power sources such as wind and solar. The novel flow battery employs a non-flammable electrolyte that transfers chemical energy to electricity to store energy for later use while achieving utilities’ environmental, lifespan, and safety goals.
• In January 2021, Toshiba Corporation introduced the G9400 Series of uninterruptible power supplies for big data centers throughout the world. The product is equipped with superior insulated-gate bipolar transistor (IGBT) technology and comes in a variety of variants. This product introduction will assist the organization in expanding its consumer base.

Global Lithium-ion Battery Energy Storage Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Lithium-ion Battery Energy Storage Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global Lithium-ion Battery Energy Storage Market potential from 2022 to 2032 in terms of revenue ($ Million), and Volume (Units).
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Lithium-ion Battery Energy Storage Market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Lithium-ion Battery Energy Storage Market industry.

Global Lithium-ion Battery Energy Storage Market Segmentation

By Application

• Industrial
• Residential
• Commercial

By Connection Type

• On-Grid
• Off-Grid

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• ABB Ltd.
• Toshiba Corporation
• LG Electronics Inc.
• Siemens AG
• Panasonic Corporation
• Hitachi Ltd.
• Parker Hannifin Corporation
• Samsung Electronics Co Ltd
• Honeywell International Inc.
• Jakson Group

New York, October 2023: According to a new research study by Global Insight Services (GIS), the 0.5-1.5 MW Generator Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 13.7 billion by 2032.

The 0.5-1.5 MW Generator Market encompasses the market segment that includes generators with power generating capacities ranging from 0.5 to 1.5 megawatts (MW). Generators in this category are classified as medium-sized power generation equipment and are employed in a variety of sectors. The 0.5-1.5 MW Generator Market includes a wide range of generators, such as diesel generators, natural gas generators, and other power production technologies. These generators can be fixed or transportable, depending on the needs of the application.

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Global 0.5-1.5 MW Generator Market: Market Drivers and Trends

Even the most basic generators now include a control panel that allows the user to monitor the generator’s health while running. Furthermore, intelligent elements are added to the control panel to offer information about the output, remaining fuel, and other aspects. Some smart generators also assist in monitoring performance and status via a mobile phone app. In addition, some generators provide phone notifications when anything needs to be checked. This allows operators to monitor the health of their generators even when they are not there. In addition, 0.5-1.5 MW generators are increasingly adopting technology like as IoT to make them smarter. For example, in March 2021, Trinetra announced a collaboration with Diesel Generator Manufacturer to digitally increase generator activities using IIoT. The generator’s centralized solution is supplemented by GPS, which can help manage or track remote assets 24 hours a day, seven days a week. In addition, an IIoT solution was deployed by the organization in order to streamline its process and decrease manual involvement. As a result of the increasing use of new technologies to improve the efficiency of generator operation and maintenance, the production of smart generators will expand, bolstering the expansion of the 0.5-1.5 MW Generator Market during the forecast period. These drivers are likely to propel market expansion.

Global 0.5-1.5 MW Generator Market: Market Restraints and Challenges

Government regulations and diesel generators are the primary challenges to the market growth. As Diesel generators are utilized for a variety of purposes, however, they generate hazardous compounds such as nitrogen oxides, carbon monoxide, and particulate matter. Also, grid-connected micro grids have not scaled up due to an absence of scalable prototypes and performance indicators. Hence these aforementioned factors are likely to hinder the growth.

Global 0.5-1.5 MW Generator Market Report Findings

https://www.globalinsightservices.com/reports/0-5-1-5-mw-generator-market/

The diesel segment is likely to hold the major share of the market in 2022

Based on fuel type, the 0.5-1.5 MW Generator Market is segmented into diesel, natural gas, hydrogen, and dual. The diesel segment is expected to dominate the market during the forecast period.

The oil & gas segment is likely to hold the major share of the market in 2022

By industry, the market is classified into oil & gas, IT & telecom, power & utility, and others. The oil & gas segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. The majority of oil and gas exploration activity is done in distant regions with harsh circumstances. Because these locations are remote from power networks, there is a considerable need for 0.5-1.5 MW generators. As a result, the rising need for 0.5-1.5 MW generators in the oil and gas sector to offer electricity at any location and at any time is supporting the growth of the 0.5-1.5 MW Generator Market.

The Asia-Pacific region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific has the biggest market share in terms of 0.5-1.5 MW Generator Market value followed by Europe. The 0.5-1.5 MW Generator in India’s market is expanding rapidly as a result of increasing urbanization, economic expansion, and a burgeoning manufacturing industry. Pre-pandemic, the Indian manufacturing industry produced 16-17% of India’s GDP and is expected to be one of the most rapidly expanding sectors. With the implementation of numerous regulations, India is increasingly emphasizing domestic production and consumption in the manufacturing business. The Government of India’s National Manufacturing Policy intends to grow manufacturing’s proportion of GDP to 25% by 2025. The Government of India’s “Make in India” strategy aims to stimulate demand for and consumption of machinery and equipment by the domestic manufacturing industry. Power interruptions in manufacturing operations reduce productivity.

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Competitive Landscape

The key players studied in the global 0.5-1.5 MW Generator Market are Caterpillar Inc., Cummins Inc., Rolls-Royce plc , INNIO Jenbacher GmbH & Co OG , Mitsubishi Heavy Industries Ltd., Generac Power Systems Inc., Yanmar, Atlas Copco AB, ABB Ltd , and Siemens AG others.

Global 0.5-1.5 MW Generator Market: Recent Developments

• In December 2022 Caterpillar Inc. established a partnership with Luck Stone, the country’s biggest family-owned and operated manufacturer of crushed stone, sand, and gravel, to install Caterpillar’s autonomous solution at Luck Stone’s Bull Run Plant in Chantilly, Virginia.
• In January 2022, Caterpillar Inc. announced the effective demonstration of its first battery-electric 793 big mining vehicle, as well as a substantial investment to turn its Arizona-based proving ground into a future-proof testing and validation center.

Global 0.5-1.5 MW Generator Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global 0.5-1.5 MW Generator Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global 0.5-1.5 MW Generator Market potential from 2022 to 2032 in terms of revenue ($ Million), and Volume (Units).
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global 0.5-1.5 MW Generator Market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global 0.5-1.5 MW Generator Market industry.

Global 0.5-1.5 MW Generator Market Segmentation

By Fuel Type

• Diesel
• Natural Gas
• Hydrogen
• Dual

By Industry

• Oil & Gas
• IT & Telecom
• Power & Utility
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Caterpillar Inc.
• Cummins Inc.
• Rolls-Royce plc
• INNIO Jenbacher GmbH & Co OG
• Mitsubishi Heavy Industries Ltd.
• Generac Power Systems Inc.
• Yanmar
• Atlas Copco AB
• ABB Ltd
• Siemens AG

New York, October 2023: According to a new research study by Global Insight Services (GIS), the Solid Fuel Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 481.3 billion by 2032.

Solid fuels are employed as an energy source in a variety of sectors, including iron and steel. Petcoke, anthracite, metallurgical coke, coal, and flexicoke are a few examples of solid fuels. Coal is the most abundant energy source. It is used to generate energy and for various industrial uses like metal refining. Another coal-based fuel with a high carbon content and minimal impurities is coke. It is produced by destructive distillation of low-ash, low-sulfur bituminous coal. Coal-based colas are greyish, hard, and porous. Petcoke is a form of coke produced by oil refineries or other cracking operations. It comes in two varieties that may be utilized for various reasons. Green pet coke is used as fuel, whereas calcined pet coke is utilised as a raw material in coatings, paints, and coloring goods. Metallurgical coal, also known as met coke, is a kind of coal that is commonly used to manufacture high-quality coke. It is used to reduce iron ore and other materials containing iron. It is commonly utilized in steel production operations. Anthracite, a metamorphosed coal, has a high carbon content and produces smokeless flames when burned. It is regarded as environmentally beneficial coal.

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Global Solid Fuel Market: Market Drivers and Trends

The solid fuel industry is being driven by the increased usage of coal as a result of the building of refineries. Current refineries, as well as mixtures of refinery byproducts and coal, are used to create a variety of end products such as petrol, carbon anodes, jet fuel, and heating oil. With the rising number of refineries, the need for coal as an energy source has grown. The United States, China, Russia, and India possess the most oil refinery capacity. The Asia Pacific region has the most functioning petroleum refineries. In the region, there were around 316 functioning petroleum refineries. China National Petroleum Corp, China Petrochemical Corp, Saudi Arabian Oil Co, Valero Energy Corp, and Exxon Mobil Corp were the top five oil refining businesses in the world in terms of capacity. The presence of several refineries stimulates demand for solid fuels, hence increasing the size of the solid fuel industry.

Furthermore, rising demand for solid fuel in the power generating and transportation fuel industries is driving the market growth. Electricity is utilized for a variety of home, commercial, and industrial applications. Electricity use has risen over time. According to statistics from the United States Energy Information Administration that were released in May 2022, overall power consumption in the United States in 2021 was 3.93 trillion kWh, which was 13 times larger than electricity usage in 1950. As a result, the growing usage of electricity is supporting the rise of the solid fuel industry. These drivers are likely to propel market expansion.

Global Solid Fuel Market: Market Restraints and Challenges

Coal is one of the most significant sources of CO2 emissions. According to an International Energy Agency (IEA) study released in November 2022, the IEA’s Net Zero Emissions by 2050 goal is to limit the use of coal and seek out innovative technologies. Furthermore, the region is embracing hydroelectric electricity generation since it is a clean source of energy and is widely utilized for power system flexibility and resilience. According to data from the US Department of Energy, hydropower capacity expanded by a net of 431 MW in prior years. Capacity was added through existing facilities, new facilities, and powering non-powered dams (NPDs), resulting in a net gain of 1,688 MW in recent years. As a result, the widespread use of hydropower will limit the expansion of the solid fuel industry in the next years.

Global Solid Fuel Market Report Findings

https://www.globalinsightservices.com/reports/solid-fuel-market/

The metallurigical segment is likely to hold the major share of the market in 2022

Based on fuel type, the Solid Fuel Market is segmented into petcoke/flexicoke, anthracite, metallurgical coke, and coal. The metallurigical segment is expected to dominate the market during the forecast period. Metallurgical coke is often referred as coking coal or metallurgical coke is solely utilized in the production of steel. The coal is “baked” in a coke oven, which extracts impurities to produce coke. Metallurgical coke is a fissured, porous, silver-black solid that is also an important element of the ironmaking process after steel because it provides the carbon and heat required to chemically decrease the iron load in the blast furnace for the production of hot metal. Metallurgical coal is mostly imported from Australia, the United States, and Canada, with Australia shipping more than 55% of seaborne commerce, the majority of which is destined for China.

The Asia-Pacific region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe has the biggest market share in terms of Solid Fuel Market value followed by Asia-Pacific. The steel industry in Europe is robust. Steel production in Europe is expanding to satisfy increased demand from the automobile, construction, electronics, and other end-use sectors. According to figures from the European Steel Association AISBL (EUROFER), Europe produces around 153 million tonnes of finished steel each year on average. Across 22 European Union (EU) member states, the area boasts 500 steel-producing locations. Thus, Europe’s robust steel sector contributes to the region’s need for pet coke. According to Coalmint, India and Europe agreed in April 2022 to transport 50,000 MT of metallurgical coke from India to the European steel sector. Europe has made consistent attempts to strengthen its steel sector, which has increased demand for pet coke and metallurgical coke throughout the area.

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Competitive Landscape

The key players studied in the global Solid Fuel Market are Indian Oil Corp Ltd , Elinoil Hellenic Petroleum Company SA, RESORBENT Sro , JH Carbon Pty Ltd , Hargreaves (UK) Services Ltd, Essar Global Fund Ltd, BP Plc, Lukoil Oil Co, Valero Energy Corp , and Philips 66 others.

Global Solid Fuel Market: Recent Developments

• In 2023, At its Castell refinery, BP Plc created the Valencia region’s green hydrogen cluster (HyVal). This public-private collaboration program, led by BP Plc, is expected to be based on the gradual construction of up to 2GW of electrolysis capacity for creating green hydrogen at BP Plc’s refinery by 2030.
• In 2022, BP Plc paid $26 per Archaea Class A and Class B share in cash for Archaea Energy Inc., a renewable natural gas (RNG) firm, for a total enterprise value of roughly $4.1 billion, including approximately $800 million in net debt.
• In 2022, With major expenditures, Elin is altering the company’s energy profile, allowing it to play an active role in the new energy market. With the “electricon” and “aerion” trademarks, Elin entered the electricity and natural gas markets. And converted the fuel station network into an integrated energy station by purchasing compressed and liquefied natural gas.
• In 2022, The Indian government presented the Plenary Session at the 7th Petrochemical Conclave in New Delhi, which seeks to improve the sustainability and Aatmanirbharta of the Indian Petrochemical Industry. Aatma Nirbhar Bharat is a vision that includes economic development goals to make the country self-sufficient.

Global Solid Fuel Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Solid Fuel Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global Solid Fuel Market potential from 2022 to 2032 in terms of revenue ($ Million), and Volume (Units).
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Solid Fuel Market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Solid Fuel Market industry.

Global Solid Fuel Market Segmentation

By Component

• Petcoke/Flexicoke
• Anthracite
• Metallurgical Coke
• Coal

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Indian Oil Corp Ltd
• Elinoil Hellenic Petroleum Company SA
• RESORBENT Sro
• JH Carbon Pty Ltd
• Hargreaves (UK) Services Ltd
• Essar Global Fund Ltd
• BP Plc
• Lukoil Oil Co
• Valero Energy Corp
• Philips 66

New York, October 2023: According to a new research study by Global Insight Services (GIS), the Wind Turbine Components Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 481.3 billion by 2032.

Wind turbines are machines that transform the kinetic energy produced by the wind into energy. The wind energy is captured by the turbines and turned into electricity by the generator in the nacelle. The tower has electrical conduits that bolster the nacelle and allow maintenance and repairs. The whole support structure for the turbine is composed of concrete and steel.

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Global Wind Turbine Components Market: Market Drivers and Trends

One of the key factors driving the growth of the worldwide wind turbine components market is the rising concern for the environment. The combustion of fossil fuels for electricity generation emits carbon dioxide, which contributes to global warming. At the moment, the energy sector accounts for around 40% of total CO2 emissions. As a result, a number of governments promote the use of renewable energy sources for electricity generation.

Furthermore, A critical wind turbine components market trend is the continually dropping cost of wind electricity. Technological advancements have resulted in construction of more efficient turbines, making wind power more cost-effective in many places. To improve the performance and reliability of wind power facilities, the System Management of Atmospheric Resource via Technology (SMART) approach focuses on improvements in physics modeling, real-time monitoring, rotor technology, and grid communication. Government incentives for renewable energy projects include the federal wind Production Tax Credit (PTC) and the commercial energy Investment Tax Credit (ITC). Competitive bidding has also resulted in cheaper wind power tariffs. While falling wind power costs may impact vendor profit margins, the industry is likely to flourish. These drivers are likely to propel market expansion.

Global Wind Turbine Components Market: Market Restraints and Challenges

Material, management, and storage complications are a key business problem for wind turbine components. Renewable energy sources, such as wind and solar power, vary by geography, providing a difficulty similar to fossil fuels. Market consolidation takes place when suppliers pursue inorganic expansion techniques, resulting in a more concentrated market. Because of greater efficiency, the offshore wind industry is developing faster than the onshore sector, but costly infrastructure for storage and transmission is necessary. Rising transmission and distribution (T&D) costs, along with lowering wind power prices, may have an influence on wind power plant owners’ profit margins. These material, control, and storage difficulties are complicating the expansion of the worldwide wind turbine components market.

Global Wind Turbine Components Market Report Findings

https://www.globalinsightservices.com/reports/wind-turbine-components-market/

The rotator blade segment is likely to hold the major share of the market in 2022

Based on component, the Wind Turbine Components Market is segmented into rotator blade, generator, gear box, nacelle, and others. The rotator blade segment is expected to dominate the market during the forecast period. Because of characteristics such as its rotational motion when the blades rotate, it creates aerodynamic torque from the wind. The design and material of the blades may be optimized to spin faster and collect wind at lower velocities, increasing turbine efficiency. It is the most significant component of the turbine in terms of wind power system performance and cost. The geometry of the rotor blades has a direct influence on performance since it determines the conversion of wind kinetic energy to mechanical energy.

The onshore segment is likely to hold the major share of the market in 2022

By installation type, the market is classified into onshore, and offshore. The onshore segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. The factors connected with the expansion of these sectors are the facilities that it gives to the market, such as the fact that it is a type of turbine that is positioned on land rather than over water, that it is installed in low-populated regions, and that it has a low conservation value. Onshore wind power generation climbed by 15%, according to the International Energy Association. After a period of stagnation, capacity increases increased by 12%. The basic features of this category also assist in its expansion, since it is less expensive than offshore, installs quickly, and has a low environmental effect.

The Asia-Pacific region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific has the biggest market share in terms of Wind Turbine Components Market value followed by Europe. This is due to a variety of causes, including a huge consumer base and a quick increase in demand for renewable energy, and the nations in this area contribute more to growth by exporting more. According to OEC statistics, China ($164M), Japan ($104M), and Indonesia ($54.9M) will be the top global exporters of wind turbine components. The primary significant competitors in this region are also boosting their income, such as China-based Shannon Entropy, which generated $650M and is predicted to rise by 20% in the forecasted time. Wind turbine component markets in Asia-Pacific nations such as India have enormous development potential. Wind energy may be used in huge quantities in India’s coastal regions to satisfy electricity needs.

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Competitive Landscape

The key players studied in the global Wind Turbine Components Market are Emerson GmbH , Gamesa, General Electric , Goldwind , China High Speed Transmission Equipment Group Co. Ltd., Dongfang Electric Corp, Emergya Wind Technologies BV, Enercon GmbH, Envision Group , and Flender GmbH among others.

Global Wind Turbine Components Market: Recent Developments

• In September 2021, Siemens Gamesa has introduced a recyclable wind turbine blade that can be recycled after its commercial usage. With this launch, the firm moves closer to its ambitious objective of making turbines completely recyclable by 2040.
• In February 2021, Greenboats and Sicomin reported the creation of an offshore wind turbine nacelle built of natural fibers. The 7.3-meter-long structure has a surface area of about 100 sq.m and was intended to meet all DNV-GL load scenarios required for an offshore turbine nacelle.
• In 2021, Siemens Gamesa expanded its highly successful offshore wind turbine nacelle manufacturing in Taichung, Taiwan. The event symbolized the company’s long-term commitment to developing Taiwan as its offshore wind power center for the entire rapidly rising Asia Pacific region.
• In 2021, LM Wind Power, a GE Renewable Energy company, announced the opening of its second 107-meter wind turbine blade mold at its France plant to meet the industry’s demand for offshore wind turbine blades.

Global Wind Turbine Components Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Wind Turbine Components Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global Wind Turbine Components Market potential from 2022 to 2032 in terms of revenue ($ Million), and Volume (Units).
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Wind Turbine Components Market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Wind Turbine Components Market industry.

Global Wind Turbine Components Market Segmentation

By Component

• Rotator Blade
• Generator
• Gear Box
• Nacelle
• Others

By Installation Type

• Offshore
• Onshore

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Emerson GmbH
• Gamesa
• General Electric
• Goldwind
• China High Speed Transmission Equipment Group Co. Ltd.
• Dongfang Electric Corp
• Emergya Wind Technologies BV
• Enercon GmbH
• Envision Group
• Flender GmbH

New York, October 2023: According to a new research study by Global Insight Services (GIS), the Virtual Pipeline Systems Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 2.2 billion by 2032.

Virtual pipeline systems organize the transfer of gas from one location to another in the absence of pipeline networks. It can be transported by road or rail in containers, or by sea in coastal or ocean-going tankers and barges. These virtual pipeline networks are mostly used to distribute natural gas to companies that are geographically difficult to verify and make investments in pipeline structure or tiny industries for typical LNG large-scale carriers. Virtual pipeline systems are used to provide natural gas to companies, commercial and residential clients, and power plants in almost any place that is accessible by road or sea.

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Global Virtual Pipeline Systems Market: Market Drivers and Trends

The increase in energy demand is one of the key drivers for the Virtual Pipeline Systems industry. Natural gas has recently acquired popularity since it burns cleaner than traditional fossil fuels such as coal, petrol, and diesel. Global warming is having major consequences for the planet, pushing a shift towards cleaner energy sources including natural gas. Virtual pipelines enable natural gas firms to increase their footprint by extending their reach outside their local market. Virtual pipelines are intended for the land transit of gas cargoes in containers through rail or road; however, they may also be delivered on the sea via coastal tankers and river ships. These systems can be used to provide natural gas to power stations and private consumers who, due to geological limits, are unable to engage in pipeline expansion.

Furthermore, increasing operations at remote locations is driving the market growth. The usage of a virtual-based pipeline should not be viewed as a permanent and permanent replacement, but rather as a rapid solution to send natural gas to regions where traditional channels are neither technically nor economically feasible. With natural gas, business is able to process and manufacture products and services utilizing energy sources, and it fails to keep up with emerging technologies that may be more cost-effective, have lower emissions, have greater quality, and be more dependable. Natural gas, a cleaner energy source than oil byproducts, may be used in the local market of any location by generating more competitive goods and services for internal and foreign rivals, boosting their penetration into new markets. These drivers are likely to propel market expansion.

Global Virtual Pipeline Systems Market: Market Restraints and Challenges

The rising adoption of renewable energy sources and volatility in gas prices is likely to hinder the market growth. The growing need for clean energy has resulted in the remarkable growth of solar, wind, and other kinds of energy throughout the world. The European continent, in particular, is increasing its renewable energy capacity. As a result, investments in the crude oil business and infrastructure development have decreased. This is projected to slow the growth of the virtual pipeline industry. Large corporations, according to the International Monetary Fund (IMF), have reduced their investments in oil infrastructure. Because of the rapid depletion of oil reserves, there has been a drop in oil reserve replacement and investment since 2014. Moreover, the volatility of natural gas prices is impeding the widespread adoption of natural gas throughout the world, which is projected to restrict the market in the forecast year. As a result, natural gas is exceedingly combustible and must be handled and transported with considerable caution, which is likely to stymie industry expansion. The shift in normal temperature may affect natural gas qualities that require specific care and insulation, raising total maintenance expenses. As a result, market expansion may be hampered. Hence, these aforementioned factors are likely hinder the market growth.

Global Virtual Pipeline Systems Market Report Findings

https://www.globalinsightservices.com/reports/virtual-pipeline-systems-market/

The standard trailer segment is likely to hold the major share of the market in 2022

Based on type, the Virtual Pipeline Systems is segmented into standard trailer, and towable trailer. The standard trailer segment is expected to dominate the market during the forecast period.

The CNG segment is likely to hold the major share of the market in 2022

By gas, the market is classified into CNG, hydrogen, and others. The CNG segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period.

The 3001 to 5000 Psi segment is likely to hold the major share of the market in 2022

Based on pressure rating, the Virtual Pipeline Systems is segmented into less than 3000 Psi, 3001 Psi to 5000 Psi, and more than 5000 Psi. In 2022, the 3001 to 5000 psi segment dominated the market in terms of revenue and is expected to be the same during the upcoming years.

The transportation segment is likely to hold the major share of the market in 2022

Based on application, the Virtual Pipeline Systems is segmented into residential, commercial, transportation, and industrial. The transportation segment is expected to dominate the market during the forecast period.

The North America region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America has the biggest market share in terms of Virtual Pipeline Systems value followed by Asia-Pacific. Major market participants such as CERTARUS Ltd, Xpress Natural Gas, CNG Services, and Edge Energy provide virtual pipeline services in the United States, Canada, and Mexico, resulting in a dominant market share in North America and development in Latin America.

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Competitive Landscape

The key players studied in the global Virtual Pipeline Systems Market are Bayotech, Inc., CNG Services Ltd, Petroliam Nasional Berhad (PETRONAS) , RAG Austria AG , Quantum Fuel Systems LLC , Galileo Technologies S.A., Chart Industries, Inc., Shijiazhuang Enric Gas Equipment co., ltd, Fiba Technologies Inc. , and Hexagon Agility among others.

Global Virtual Pipeline Systems Market: Recent Developments

• In August 2022, Kinder Morgan paid USD 135 million for North American Natural Resources, Inc. and its subsidiaries, North American Biofuels LLC and North American-Central LLC. The transaction involves seven amounts of landfill gas to power plants in Michigan and Kentucky, in the aggregate purchase amount plus related contract fees. Kinder Morgan takes the Final Investment Decision (FID) through this acquisition to convert four of the seven gas-to-power facilities to renewable natural gas plants for a capital investment of about USD 175 million.
• In June 2022, AVR investigated the possibility of handling its hazardous gas and cleaning wastes locally by collaborating with HaloSep AB, a Swedish firm. The HaloSep process is a patented method for converting hazardous trash into safe and usable fractions. By using HaloSep’s solution, AVR will be enhanced into a circular by recovering material resources and lowering the plant’s environmental impact.
• In December 2021, Tennessee Gas Pipeline (TGP), a subsidiary of Kinder Morgan, Inc., has submitted a proposal to the Federal Energy Regulatory Commission (FERC) for the implementation of a sustainably sourced natural gas (RSG) supply assembling regathering service at various sites along the Tennessee Gas Pipeline system. The proposed service will enable TGP providers and consumers to purchase and sell RSG supplies at abstract trading facilities, therefore servicing end-users, utilities, power plants, and LNG facilities connected to the TGP system.
• In October 2021, Gas Malaysia and Malakoff Corporation Berhad created Malakoff – Gas Malaysia Cogen O&M Sdn Bhd. The alliance is a strategic cooperation between two utility firms within the MMC Group of firms that brings together the experience and resources of both parties to begin operations and maintenance (O&M) services for the cogeneration facility in Malaysia.
• In September 2020, Petronas has implemented the Virtual Pipeline System (VPS) technology at the Pengerang Regasification Terminal (RGT) in Johor. The company’s customer-driven products, in part, encourage the expansion of sustainable energy consumption in Peninsular Malaysia. The VPS solution was developed by Petronas Gas and New Energy’s business sector and is now being marketed by PETRONAS Dagangan Berhad to supply Liquefied Natural Gas (LNG) primarily to off-grid consumers using trucks fitted with cryogenic tanks.

Global Virtual Pipeline Systems Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Virtual Pipeline Systems Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global Virtual Pipeline Systems Market potential from 2022 to 2032 in terms of revenue ($ Million), and Volume (Units).
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global Virtual Pipeline Systems Market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Virtual Pipeline Systems Market industry.

Global Virtual Pipeline Systems Market Segmentation

By Type

• Standard Trailer
• Towable Trailer

By Gas

• CNG
• Hydrogen
• Others

By Pressure Rating

• Less than 3000 Psi
• 3001 to 5000 Psi
• More than 5000 Psi

By Application

• Industrial
• Transportation
• Commercial
• Residential

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Bayotech, Inc.
• CNG Services Ltd
• Petroliam Nasional Berhad (PETRONAS)
• RAG Austria AG
• Quantum Fuel Systems LLC
• Galileo Technologies S.A.
• Chart Industries, Inc.
• Shijiazhuang Enric Gas Equipment co., ltd
• Fiba Technologies Inc.
• Hexagon Agility

New York, September 2023: According to a new research study by Global Insight Services (GIS), the Landfill Gas Market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 3.2 billion by 2032.

Landfill gas is a type of biogas, which is produced by the decomposition of organic matter in landfills. The gas is comprised of approximately 50-60% methane, 30-40% carbon dioxide, and trace amounts of other gases such as nitrogen, oxygen, and hydrogen sulfide. Methane is the primary component of natural gas and is a potent greenhouse gas. Landfill gas can be used as a renewable energy source. When the gas is captured and burned, it produces electricity and heat. The methane in the gas can also be converted into other useful products such as transportation fuels. Landfill gas can be a significant source of air pollution if it is not properly managed. Methane is a potent greenhouse gas that contributes to climate change, and the other gases in the gas can be harmful to human health.

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Global Landfill Gas Market: Market Drivers and Trends

Rising environmental awareness is driving the market expansion globally. Hazardous gases in the environment can contribute to greenhouse gas emissions entering the atmosphere. LFG safeguards the environment from these detrimental effects while also providing natural and cost-effective energy sources. Growing environmental consciousness has resulted in greater investment from both the public and private sectors in the construction of such power facilities. For example, Pittsburg-based RNG LLC initiated LFG projects in Missouri and Virginia in 2021.

Additionally, an increase in the usage landfill gas as vehicle fuel is going to boost the market growth in the coming years. The rising expense of petrol and diesel presents a big potential for renewable and compressed natural gas substitutes. These gases can be converted to renewable natural gas by treatment techniques that increase methane content while decreasing carbon dioxide, oxygen, and nitrogen concentration. Renewable natural gas (RNG) can replace conventional natural gas, compressed natural gas, or liquefied natural gas. These gases can also be utilised in compressed natural gas cars without requiring any engine or fuel system changes. These drivers are likely to propel market expansion.

Global Landfill Gas Market: Market Restraints and Challenges

The large initial investment required to maintain the optimal moisture level for organic waste breakdown is projected to stymie industry expansion. A decrease in moisture level has a substantial impact on the biological processes involved in the creation of the gas mixture. On the contrary, the increased usage of landfill gas and the quantity of solid waste are likely to provide profitable prospects for the market’s leading participants. Furthermore, landfill gas may contaminate soil and water, and methane gas created during decomposition can cause a variety of difficulties. The issues listed above are among those limiting the expansion of the landfill gas industry.

Global Landfill Gas Market Report Findings

https://www.globalinsightservices.com/reports/landfill-gas-market/

The electricity segment is likely to hold the major share of the market in 2022

Based on application, the Landfill Gas Market is segmented into electricity, direct use, combined heat and power, alternate fuels, and others. The electricity segment is expected to dominate the market during the forecast period. This is due to rising need for reliable power supply and greater use of renewable energy for power generation within emerging economies. The growing popularity of the energy generating segment is being driven by the construction of transmission and distribution networks as a result of the spike in power demand.

The combustion engine segment is likely to hold the major share of the market in 2022

Based on technology, the market is classified into combustion engines, turbines, and others. The combustion engine segment is expected to dominate the market in the coming years.

The Europe region is accounted for the majority of market share in 2022

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe has the biggest market share in terms of Landfill Gas Market value followed by North America. Europe will lead the LFG market over the projected period due to the region’s shifting preference for renewable energy resources. Germany leads the market and has one of the largest LFG industries in the world. Because of the region’s leading firms’ and government organizations’ highly established manufacturing infrastructure and effective waste management solutions. Highly effective solutions for packaging trash, waste paper, and bio-waste aid in gas management in Germany.

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Competitive Landscape

The key players studied in the global Landfill Gas Market are Pennon Group Plc., Vectren Corporation, Archaea Energy, Veolia Environment S.A., Covanta Holding Corporation, Ameresco, EDL, Suez SA, Waste Management SA, and Kohler Co. Inc.

Global Landfill Gas Market: Recent Developments

• In October 2021, In India, Ramky Enviro established new landfill gas to compressed biogas facilities at the Hyderabad Integrated Municipal Solid Waste (HiMSW) site. According to reports, it is one of the world’s first and largest plants to manufacture compressed biogas from landfill gas for use as car fuel.
• In October 2020, Veolia and Waga Energy S.A. are building WagaBox, a unit to collect biomethane from landfill garbage. It was erected in the Claye-Soluily dump in France to provide renewable gas to 20,000 residences in Paris.

Landfill Gas Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current Landfill Gas Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• The report also covers qualitative as well as quantitative analysis of Landfill Gas Market in terms of revenue ($Million).
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Landfill Gas industry.
• A thorough analysis of market trends and restraints is provided.
• By region as well as country market analysis is also presented in this report.
• Analytical depiction of the Landfill Gas Market along with the current trends and future estimations to depict imminent investment pockets. The overall Landfill Gas industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
• Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Landfill Gas Market are also analyzed.

Global Landfill Gas Market Segmentation

By Application

• Electricity
• Direct Use
• Combined Heat & Power
• Alternate Fuels
• Others

By Technology

• Combustion Engine
• Turbines
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Netherlands
  • Sweden
  • Switzerland
  • Denmark
  • Finland
  • Russia
  • Rest of Europe
• The Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Indonesia
  • Taiwan
  • Malaysia
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Pennon Group Plc.
• Vectren Corporation
• Archaea Energy
• Veolia Environment S.A.
• Covanta Holding Corporation
• Ameresco
• EDL
• Suez SA
• Waste Management SA
• Kohler Co. Inc.

Hydrogen Electrolyzer Infrastructure Market are driven by Clean Energy, the Declining Cost of Electrolyzers, and the Increasing Government Support for Hydrogen Fuel Cell Technology: Global Insight Services

New York, May 2023: According to a new research study by Global Insight Services (GIS), the hydrogen electrolyzer infrastructure market is expected to grow rapidly over the next 10 years by 2032.

An electrolyzer consists of a conductive electrode stack separated by a membrane to which a high voltage and current is applied. This causes an electric current in the water which causes it to break down into its components: hydrogen and oxygen. The complete system also includes pumps, power electronics, gas separator and other auxiliary components such as storage tanks. The oxygen generated in parallel is released into the atmosphere or can be stored for later use as a medical or industrial gas in some cases.

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Hydrogen Electrolyzer Infrastructure Market: Key Drivers and Trends

The key drivers of the hydrogen electrolyzer infrastructure market are the growing demand for clean energy, the declining cost of electrolyzers, and the increasing government support for hydrogen fuel cell technology.

• The demand for clean energy is increasing as the world becomes more aware of the impact of greenhouse gas emissions on the environment. Hydrogen is a clean energy source that can be used to power fuel cells, which produce no emissions.
• Government support for hydrogen fuel cell technology has been increasing in recent years as countries recognize the potential of this clean energy source. Incentives and subsidies are being offered to encourage the development and use of hydrogen fuel cells.
• The cost of electrolyzers has been declining as the technology has become more efficient. The cost of hydrogen fuel cells has also been declining, making them more attractive as an alternative to traditional fossil fuel-powered vehicles. In addition, the green hydrogen cost development by technology is declining year-on-year. This is further expected to lead to the demand for hydrogen electrolyzer market.

Hydrogen Electrolyzer Infrastructure Market: Market Restraints and Challenges

The key restraints and challenges in the hydrogen electrolyzer infrastructure market are as follows:

• High cost of electrolyzers: The high cost of electrolyzers is one of the key restraints in the hydrogen electrolyzer market. The cost of electrolyzers can range from $500/kW to $3,000/kW, depending on the type and size of the electrolyzer.
• Lack of infrastructure: The lack of infrastructure is another key challenge in the hydrogen electrolyzer market. There is a lack of hydrogen refueling stations and pipelines, which makes it difficult to transport hydrogen.
• Limited storage capacity: The limited storage capacity of hydrogen is another challenge in the hydrogen electrolyzer market. Hydrogen can only be stored in pressurized tanks or pipelines, which limits its storage capacity.
• Fluctuating demand: The demand for hydrogen is highly fluctuating, which makes it difficult to maintain a stable supply. The demand for hydrogen depends on the availability of renewable energy, which can fluctuate due to weather conditions.

Hydrogen Electrolyzer Infrastructure Market Report Findings

https://www.globalinsightservices.com/reports/hydrogen-electrolyzer-infrastructure-market/

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Competitive Landscape

The key players studied in the hydrogen electrolyzer infrastructure market are Nel Hydrogen, Siemens AG, McPhy Energy, ITM Power Plc, Gaztransport & Technigaz, GreenHydrogen Systems, iGas Energy GmbH, Next Hydrogen., Asahi Kasei, thyssenkrupp nucera, Hydrogenics (Cummins), Toshiba Corporation, Plug Power, John Cockerill, H2Greem, Sunfire GmbH, and Bloom Energy.

Hydrogen Electrolyzer Infrastructure Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current hydrogen electrolyzer infrastructure market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future hydrogen electrolyzer infrastructure market potential from 2022 to 2032 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the hydrogen electrolyzer infrastructure market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the hydrogen electrolyzer infrastructure industry.

Hydrogen Electrolyzer Infrastructure Market Segmentation

By Electrolyzer Component

• Pumps
• Power Electronics
• Storage Tanks
• Electrolyzer Cell Stacks
• Bipolar Plates
• Catalyst Coated Membrane
• Others

By Electrolyzer Capacity

• Below 100 MW
• Between 100 MW – 500 MW
• Above 500 MW

By Electrolyzer Type

• Proton Exchange Membrane Electrolyzer
• Alkaline Electrolyzer
• Solid Oxide Electrolyzer

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Netherlands
  • Russia
  • Switzerland
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Indonesia
  • Taiwan
  • Rest of Asia Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Nel Hydrogen
• Siemens AG
• McPhy Energy
• ITM Power Plc
• Gaztransport & Technigaz
• GreenHydrogen Systems
•  iGas Energy GmbH
• Next Hydrogen
• Asahi Kasei
• thyssenkrupp nucera
• Hydrogenics (Cummins)
• Toshiba Corporation
• Plug Power
• John Cockerill
• H2Greem
• Sunfire GmbH
• Bloom Energy

Heat Pump Market to Reach USD 191.0 Billion by 2032, driven by the growth in investment in infrastructure across the globe: Global Insight Services

New York, March 2023: According to a new research study by Global Insight Services (GIS), the global Heat Pump market is expected to grow rapidly over the next 10 years to reach a value of more than USD 191.0 billion by 2032.

A heat pump is a mechanical-compression cycle device that uses refrigerant as a working fluid to transfer heat from a low-temperature heat source to a high-temperature heat sink. By reversing the direction of the refrigerant flow, the heat pump can also be used to transfer heat from a high-temperature heat source to a low-temperature heat sink.

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Heat Pump Market: Key Trends and Drivers

The key drivers of the heat pump market can be divided into two main categories: technological advancements and increasing awareness.

Technological advancements have led to more efficient and effective heat pumps, which has made them more popular and affordable. This has been driven by advances in compressor technology, improved heat exchangers and better control systems. In addition, the miniaturization of heat pump components has made them more compact and easier to install.

Increasing awareness of the benefits of heat pumps has also driven market growth. Heat pumps can offer significant cost savings compared to traditional heating and cooling systems, and they are more environmentally friendly. This has made them attractive to a growing number of consumers and businesses.

Heat Pump Market: Restraints and Challenges

The key restraints and challenges in Heat Pump market are:

1. High initial investment cost: Heat pumps require a high initial investment as compared to other heating systems. This high cost can be a barrier for many consumers, especially in developing countries.

2. Limited efficiency: The efficiency of heat pumps is limited by the laws of thermodynamics. This means that heat pumps are not able to generate as much heat as other heating systems such as furnaces.

3. Susceptible to weather conditions: Heat pumps are susceptible to weather conditions such as cold winters and hot summers. This can impact the performance of the heat pump and lead to higher energy bills.

4. Requires regular maintenance: Heat pumps require regular maintenance in order to keep them running smoothly. This can be an additional cost for consumers.

Heat Pump Market Report Findings

https://www.globalinsightservices.com/reports/heat-pump-market/

The air-to-air segment is anticipated to dominate the market during the forecast period

Based on type, it is segmented into air-to-air, water source, geothermal, and others. The air-to-air segment is anticipated to dominate the market during the forecast period. Similarly, water source segment is anticipated to witness the fastest growth during the forecast period.

The HFC segment is anticipated to dominate the market during the forecast period

Based on refrigerants, it is segmented into HFC, CO2, ammonia, and others. The HFC segment is anticipated to dominate the market during the forecast period. Similarly, the CO2 segment is anticipated to witness the fastest growth during the forecast period.

The residential segment is anticipated to dominate the market during the forecast period

Based on end users, it is segmented into residential, commercial, and industrial. The residential segment is anticipated to dominate the market during the forecast period. Similarly, the commercial segment is anticipated to witness the fastest growth during the forecast period.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.

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Competitive Landscape

The key players studied in the report are Stiebel Eltron, Vaillant Group, NIBE Industrier AB, Daikin Industries, Ltd., Glen Dimplex Group, Ingersoll Rand, Plc., Danfoss A/S, Carrier, Rheem, and Midea Group among others.

Heat Pump Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Heat Pump market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Heat Pump market potential from 2022 to 2032 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Heat Pump market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Heat Pump industry.

Global Heat Pump Market Segmentation

By Type

• Air-to-Air
• Water Source
• Geothermal
• Others

By Refrigerants

• HFC
• CO2
• Ammonia
• Others

By End Users

• Residential
• Commercial
• Industrial

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Stiebel Eltron,
• Vaillant Group,
• NIBE Industrier AB,
• Daikin Industries, Ltd.,
• Glen Dimplex Group,
• Ingersoll Rand, Plc.,
• Danfoss A/S,
• Carrier,
• Rheem
• Midea Group

Solar Photovoltaic Panel Market to Reach USD 880.2 Billion by 2032, driven by the growth in investment in infrastructure across the globe: Global Insight Services

New York, February 2023: According to a new research study by Global Insight Services (GIS), the global Solar Photovoltaic Panel market is expected to grow rapidly over the next 10 years to reach a value of more than USD 880.2 billion by 2032.

Solar photovoltaic (PV) panels are a type of solar panel that converts sunlight into electricity. PV panels are made up of a number of solar cells, which are connected together to form a panel. Solar cells are made of semiconductor materials, such as silicon, that absorb sunlight and convert it into electricity.

PV panels are used in a variety of applications, including solar power plants, residential solar systems, and portable solar devices. Solar PV panels have a number of advantages over other types of energy generation, such as fossil fuels. Solar PV panels are clean, renewable, and efficient. They do not produce greenhouse gases or other pollutants, and they require no water for operation. Solar PV panels are also relatively easy and inexpensive to install and maintain.

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Solar Photovoltaic Panel Market: Key Trends and Drivers

The key drivers of the Solar Photovoltaic Panels market are the declining cost of solar photovoltaic (PV) technology, the increasing availability of financing, and the supportive policy environment.

The cost of solar PV technology has declined sharply in recent years, making it more economically attractive. The cost of solar PV panels has declined by more than 70% since 2010, making them increasingly competitive with other forms of energy generation.

The availability of financing has also increased, making it easier for companies and households to invest in solar PV. A number of banks and other financial institutions now offer solar PV financing products, and the market for solar PV project financing is growing.

The policy environment is also supportive of solar PV. A number of countries have introduced policies and incentives to promote solar PV, including feed-in tariffs, net metering, and renewable energy targets. These policies have helped to drive the growth of the solar PV market.

Solar Photovoltaic Panel Market: Restraints and Challenges

The key restraints and challenges in Solar Photovoltaic Panels market are the high cost of solar photovoltaic panels and the lack of awareness about the benefits of solar photovoltaic technology.

Solar photovoltaic panels are still relatively new and expensive compared to other energy sources such as coal and natural gas.

This high cost is a major barrier to the widespread adoption of solar photovoltaic technology.

In addition, many people are still unaware of the benefits of solar photovoltaic technology. Solar photovoltaic technology offers a clean and renewable source of energy that can help to reduce greenhouse gas emissions and dependence on fossil fuels.

Solar Photovoltaic Panel Market Report Findings

https://www.globalinsightservices.com/reports/solar-photovoltaic-panels-market/

The on-grid segment is anticipated to dominate the market during the forecast period

Based on type, it is segmented into on-grid, and off-grid. The on-grid segment is anticipated to dominate the market during the forecast period. Similarly, the off-grid segment is anticipated to witness the fastest growth during the forecast period.

The crystalline silicon segment is anticipated to dominate the market during the forecast period

Based on technology, it is segmented into crystalline silicon, thin film, and others. The crystalline silicon segment is anticipated to dominate the market during the forecast period. Similarly, the thin film segment is anticipated to witness the fastest growth during the forecast period.

The residential segment is anticipated to dominate the market during the forecast period

Based on end user, it is segmented into residential, commercial, industrial, and utility. The residential segment is anticipated to dominate the market during the forecast period. Similarly, the commercial segment is anticipated to witness the fastest growth during the forecast period.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period.

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Competitive Landscape

The key players studied in the market are Jinko Solar, JA Solar, Trina Solar, Longi Solar, Canadian Solar, SunPower Corporation, First Solar, Hanwha Q-Cells, Risen Energy, Talesun, and others.

Solar Photovoltaic Panel Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Solar Photovoltaic Panel market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Solar Photovoltaic Panel market potential from 2022 to 2032 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Solar Photovoltaic Panel market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Solar Photovoltaic Panel industry.

Global Solar Photovoltaic Panel Market Segmentation

By Type

• On-Grid
• Off-Grid

By Technology

• Crystalline Silicon
• Thin Film
• Others

By End User

• Residential
• Commercial
• Industrial
• Utility

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Jinko Solar, 
• JA Solar, 
• Trina Solar, 
• Longi Solar, 
• Canadian Solar, 
• SunPower Corporation, 
• First Solar, 
• Hanwha Q-Cells, 
• Risen Energy, 
• Talesun,

Internal Combustion Engine Market to Reach US$ 54.2 Bn by 2032, driven by rise in demand for passenger and commercial vehicles in developed and emerging countries: Global Insight Services

New York, January 2023: According to a new research study by Global Insight Services (GIS), the global Internal Combustion Engine Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 54.2 Billion by 2032.

Internal Combustion Engine is the practice of traveling to and staying in space for leisure purposes. The term generally refers to space travel for private individuals, rather than professional astronauts or trained cosmonauts. Internal Combustion Engine is a relatively new concept, and it is still in the early stages of development. There are a limited number of companies offering Internal Combustion Engine services, and the industry is still working to develop the infrastructure and technology needed to make space travel more accessible and safe for the general public.

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Internal Combustion Engine Market: Key Trends and Drivers

Technological advancements bring evolution to the internal combustion engine, allowing them to provide more power while using less fuel. Meanwhile, engines will continue to play an essential role in the automotive industry’s evolution. Also, they have the potential to improve in areas like thermal efficiency, emissions, and electrification. The introduction of the new concept of Low-temperature combustion (LTC) is a cutting-edge combustion idea for internal combustion engines that has recently gotten a lot of attention. LTC technology has significant advantages in decreasing nitrogen oxides (NOx) and particulate matter (PM) and reducing specific fuel usage. However, controlling ignition time and heat release rate (HRR) are major obstacles to overcome before LTC technology can be widely adopted in vehicle engines. Internal combustion engines are no longer the only choice for vehicle power trains due to the development of alternative energy and hybrid vehicle technologies. Also, the rising adoption rate of EVs (electric vehicles) and the increasing shortage of fossil fuel reserves resulting in higher petroleum product costs are among the major factors restraining market growth.

Internal Combustion Engine Market: Restraints & Challenges

The key restraints and challenges in Internal Combustion Engine Market are as follows: strict regulatory presence in the market for ICE due to their environmental impact attacks, and rising adoption rate of EV (electronic vehicles) are expected to obstruct market growth. Also, increasing lack of fossil fuel reserves resulting in higher costs of petroleum products are projected to challenge the internal combustion engine (ICE) market in the forecast period.

Internal Combustion Engine Market Report Findings: https://www.globalinsightservices.com/reports/small-internal-combustion-engine-ice-market/

The petroleum segment is likely to hold a dominant Internal Combustion Engine Market share and grow at a substantial CAGR during the forecast period.

Based on fuel type, the ICE market is segmented into petroleum and natural gas. The petroleum segment dominates the market with the highest market share in 2022, due to the advantages offered by the petroleum internal combustion engine, such as less vibration and noise. Moreover, technological advancement in the automotive industry is expected to increase revenue flow for the segment. This growth can be attributed to the benefits offered by gasoline engines, such as they are efficient, cheaper, lightweight, and reducing emissions. Although abundant availability and cost advantages, the natural gas segment has a lower market share. In comparison to petroleum, the fuel type will take years to gain broad adoption because diesel and gasoline are used in the majority of cars. Meanwhile, natural gas is expected to rise steadily in the foreseeable future as the gas is the cleanest burning-hydrocarbons that produce less emission, helping in reducing carbon emission. Additionally, LNG is used as an alternative to diesel and heavy fuel oil in transport due to its low carbon emission levels.

The automotive segment is anticipated to hold a majority of the Internal Combustion Engine Market size throughout the study period.

Based on end-use type, the ICE market is segmented into automotive, marine, and aircraft. The automotive segment held the highest market share in 2022. This expansion is linked to rising consumer disposable income, which has resulted in increased car usage throughout the world. The automotive manufacturers are focused on developing efficient internal combustion engines which provide high returns on the manufacturing investments. Furthermore, technological advancements that increase IC engine fuel economy, emissions, and performance are expected to propel the market’s growth during the forecast period.

The aircraft segment is expected to witness a moderate CAGR throughout the forecast period. This segment is primarily driven by the commercial aviation industry’s favorable market dynamics. The application of ICE in aircraft used for tourism, logistics, and defense requires high-performing ICE, which has higher torque. This internal combustion engine application in various industries is expected to encourage market growth. Furthermore, technical developments like multi-fuel capability, which increases fuel mileage, will boost demand for the segment.

The Asia – Pacific region is estimated to exhibit the highest growth rate during the Internal Combustion Engine Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, Asia- Pacific market is anticipated to account for a significant revenue share in the global internal combustion engine market. The presence of several automotive manufacturers, as well as increased demand for the passenger automobiles in some of the region’s major countries, such as India and China, are the primary factors driving growth of the market. Furthermore, the lack of electric vehicle charging infrastructure and the expensive cost of electric motors support market growth. The use of natural gas in ICE due to low emission is also aimed at making ICE an alternative to EV. The aviation industry in the Asia Pacific is also booming, giving the aviation engines segment opportunities to expand during the forecast period.

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Competitive Landscape

The key players in the market are Caterpillar Inc., Kawasaki Heavy Industries, Ltd, MITSUBISHI HEAVY INDUSTRIES, LTD, Liebherr, YANMAR HOLDINGS CO., LTD, Cummins, Inc., Fairbanks Morse, INNIO, Wärtsilä Corporation and Rolls-Royce Holdings plc.

Recent Developments in the Internal Combustion Engine Market:

• In October 2022, HPCL entered into Bhopal Retail Market with Launch of its 1st HaPpyShop & PAANI@CLUBHP
• In July 2021, the Ministry of Petroleum and Natural Gas has granted seven authorisations to companies for selling auto fuels in the country.

Internal Combustion Engine Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Internal Combustion Engine Market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Internal Combustion Engine Market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Internal Combustion Engine Market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Internal Combustion Engine Market Segmentation

By Fuel

• Petroleum
• Natural Gas

By End-use

• Automotive
• Marine
• Aircraft

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

Bolt Heaters Market to Reach USD 298.2 million by 2032, driven by the growth in investment in infrastructure across the globe: Global Insight Services

New York, January 2023: According to a new research study by Global Insight Services (GIS), the global Bolt Heaters market is expected to grow rapidly over the next 10 years to reach a value of more than USD 298.2 million by 2032.

When a high concentration of heat is necessary for bolt expansion, massive hollow bolts are tightened with the aid of bolt heaters. It is put into the hollow bolt and heated to cause it to expand, allowing the bolt or stud to be tightened even more. It is typically used to tighten big bolts and studs in massive machinery and apparatus. Large bolts can be heated by the bolt heaters to full expansion in 15 to 30 minutes. Additionally, bolt heaters are frequently utilised in pressure tanks, cylinders, die blocks, turbines, engine heads, and big compressors.

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Bolt Heaters Market: Key Trends and Drivers

The market is expanding as a result of the accelerated urbanisation and industrialization of emerging nations, as well as the rising use of heavy construction equipment. The need for bolt heaters is being driven up by the usage of these devices in the installation and maintenance of various pieces of industrial equipment in places like shipyards, thermal power plants, and metallurgy. Additionally, since equipment tends to wear down over time as it is utilised, rising production and equipment utilisation create a demand for maintenance and repair (M&R) services. Therefore, during the course of the projected period, these market drivers are anticipated to fuel market expansion.

Bolt Heaters Market: Restraints and Challenges

The key factor hindering the growth of the market is decline in manufacturing output and post-ponding of construction projects due to covid.

Bolt Heaters Market Report Findings

https://www.globalinsightservices.com/reports/bolt-heaters-market/

The gas bolt heaters segment is anticipated to dominate the market during the forecast period

Based on the type, it is segmented into gas bolt heaters, electric bolt heaters, and flexible bolt heaters. The gas bolt heaters segment is anticipated to dominate the market during the forecast period. Similarly, flexible bolt heaters segment is anticipated to witness the fastest growth during the forecast period.

The oil & gas segment is anticipated to dominate the market during the forecast period

Based on the end use, it is segmented into oil & gas, marine, power generation, food & plastic packaging, and others. The oil & gas segment is anticipated to dominate the market during the forecast period. Similarly, food & plastic segment is anticipated to witness the fastest growth during the forecast period.

The North American region is anticipated to dominate the market during the forecast period

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Europe region is anticipated to witness the fastest growth during the forecast period.

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Competitive Landscape

The key players studied in the report are Indeeco, Hotco, Vulcan, Ivaldi, Big Chief, ProTherm, CETAL, HEATCO, ASPEQ, and Thermon Heating Systems among others.

Bolt Heaters Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Bolt Heaters market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future Bolt Heaters market potential from 2022 to 2032 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Bolt Heaters market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global Bolt Heaters industry.

Global Bolt Heaters Market Segmentation

By Type

• Gas Bolt Heaters
• Electric Bolt Heaters
• Flexible Bolt Heaters

By End Use

• Oil & Gas
• Marine
• Power Generation
• Food & Plastic Packaging
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• The Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • The Middle East
  • Africa

Key Players

• Indeeco
• Hotco
• Vulcan
• Ivaldi
• Big Chief
• ProTherm
• CETAL
• HEATCO
• ASPEQ
• Thermon Heating Systems

Global Power-to-Gas Market to Reach US$ 84.4 BN by 2031, driven by Several Benefits of Power-to-Gas Technology: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the power-to-gas market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 84.4 billion by 2031.

Power-to-gas is a technology that converts electrical energy into methane or hydrogen syngas (synthetic gas). The hydrogen turning out in the power-to-gas industry is then utilized as a chemical in industries or fuel. The power-to-gas systems reserve excessive energy from renewable resources such as wind and solar energy and utilize it for several operations. These systems are stored for transportation, heat supply, and industrial purposes. The work of the power-to-gas industry is a constructive step in combining renewable resources with power generation sources. Further, the converted hydrogen and methane can be converted back into electricity, as they can be used as a backup power source.

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Global Power-to-Gas Market: Key Drivers

The power-to-gas technology offers several benefits over current energy storage technologies, including longer discharge times and higher power storage capacity. Hydrogen can also be injected directly into natural gas grids. However, due to safety and technical concerns, hydrogen injection is subject to regulations and varies from country to country.

Secondly, due to the falling costs of renewable energy technologies, including solar and wind, energy storage technologies such as power-to-gas technology are becoming increasingly attractive. The installed capacity of commercial electrolyzer systems has been increasing steadily over the past few years. There are only a few commercially viable water electrolysis technologies, and the two most widely used technologies are alkaline water electrolysis and proton exchange membrane electrolysis.

Thus, due to several benefits of power-to-gas technology boosts the market growth.

Global Power-to-Gas Market: Market Restraints and Challenges

The energy resulting from power-to-gas technology is of a high value. Synthetic gas can store energy over long periods and transport well. At the same time, synthetic fuels have significant disadvantages. Many energy is lost during electrolysis, methanation, and storage, meaning producing them requires large amounts of renewable energy. After electrolysis, only about 67% to 81% of the energy remains, and after the additional step of methanation, only about 54% to 65% is left, according to the article published by Clean Energy Wire in June 2018. Synthetic fuels are laborious and will always be more costly and less efficient than direct electricity use. In addition, The high cost of power-to-gas technology means it’s not expected to compete with fossil gas without government support and regulation, such as quotas for the share of synthetic gas in the national energy mix or a higher price on CO₂ (carbon dioxide) emissions. Therefore, power-to-gas technology’s low efficiency and energy loss, regardless of all its major benefits, might act as a restraining factor for the power-to-gas market.

Global Power-to-Gas Market Report Findings

https://www.globalinsightservices.com/reports/power-to-gas-market/

The electrolysis segment is likely to hold the major share of the market in 2021

Based on technology, it is bifurcated into electrolysis and methanation. The electrolysis segment is expected to have the largest power-to-gas market share in 2021 due to its dynamic operations and the ability to effectively integrate electricity from fluctuating renewable energy sources such as wind and solar. The increase in awareness among the people regarding greenhouse gases and increasing demand for energy and fossil fuels have driven the growth of the electrolysis process in the power to gas market. Due to multiple benefits, the electrolysis segment is expected to receive the main market attraction resulting in market growth.

The 1000 kW and above segment is likely to dominate the market during the forecast period

Based on capacity, it is segmented into less than 100 kW, 100–999 kW, and 1000 kW and above. The 1000 kW and above segment is expected to dominate the market during the forecast period because of the growing commercialization and implementation of several MW-size projects of power to gas technologies and demand from utilities and industrial applications. Above 1000KW capacity of power to gas, technology is used in large-scale utilities or industries, which are heavy electricity consumers. The need for power for manufacturing in various chemical and automotive industries has led to the search for an efficient alternative to providing a clean energy source for sustainability. Due to the abovementioned factors, the 1000 kW and above segment are expected to dominate the market during the forecast period.

The utility segment is likely to hold the major share of the market in 2021

Based on application, it is segmented into residential, commercial, and utility. The utility is expected to be the largest segment in the power-to-gas market in 2021. The utility segment is growing as power and gas utilities are looking to effectively produce hydrogen by integrating intermittent renewable power sources and have the flexibility of power system operations. Thus, the utility segment will likely hold a major market share in 2021.

The Europe region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe market is expected to hold the majority of the market share in 2021. This is because power-to-gas technology is expected to significantly stabilize the region’s energy supply and offset fluctuating power generation from renewable energy sources. A country such as Germany has seen a rising demand for power-to-gas technology, with the growing need for hydrogen from chemical, industrial and fuel cell transportation demand in the country. This, in turn, boosts the demand for power-to-gas in the Europe region.

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Competitive Landscape

The key players studied in the global power-to-gas market are Electrochaea GmbH (Germany), ENTSOG (Belgium), EXYTRON GmbH (Germany), ITM Power PLC (UK), MAN Energy Solutions (Germany), McPhy Energy S.A. (France), Nel ASA (Norway), Siemens AG (Germany), thyssenkrupp AG (Germany), and Uniper SE (Germany).

Global Power-to-Gas Market: Recent Developments

• January 2022, Energie 360°has partnered with Electrochaea GmbH to step up the development of the power-to-gas technology concept. Power-to-gas is a versatile technology that makes it possible to store surplus power from wind and solar parks in the natural gas network. This innovative technology makes an important contribution to solving the energy storage problem. The partnership will solidify Energie 360°’s position as a leading partner in environmentally sustainable energy solutions.
• December 2021, Air Products had awarded thyssenkrupp a contract to supply a more than two-gigawatt electrolysis plant for the green hydrogen projects at NEOM in Saudi Arabia. Under this contract, thyssenkrupp will engineer, procure and fabricate the plant based on their large-scale 20-megawatt alkaline water electrolysis module. Upon commissioning, the project partners, NEOM, ACWA Power, and Air Products (NEOM Green Hydrogen Company), will operate the facility to produce hydrogen to be synthesized into carbon-free ammonia for export exclusively by Air Products to global markets.
• June 2021, Baker Hughes had invested in Electrochaea. Through its investment, Baker Hughes enhanced its broader carbon capture and utilization portfolio and provided an integrated solution for customers across the carbon dioxide (CO₂) value chain to enable the production of low carbon synthetic natural gas from captured CO₂ and green hydrogen, helping meet the demand for cleaner fuels to advance the energy transition.

Global Power-to-Gas Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global power-to-gas market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global power-to-gas market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global power-to-gas market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global power-to-gas industry.

Global Power-to-Gas Market Segmentation

By Technology

• Electrolysis
• Methanation

By Capacity

• Less than 100 kW
• 100–999 kW
• 1000 kW and Above

By Application

• Residential
• Commercial
• Utility

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Electrochaea GmbH (Germany)
• ENTSOG (Belgium)
• EXYTRON GmbH (Germany)
• ITM Power PLC (UK)
• MAN Energy Solutions (Germany)
• McPhy Energy S.A. (France)
• Nel ASA (Norway)
• Siemens AG (Germany)
• thyssenkrupp AG (Germany)
• Uniper SE (Germany)

Global Dolomite Mining Market to Reach US$ 2.7 BN by 2031, driven by the Surge in the Construction Industry: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the dolomite mining market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 2.7 billion by 2031.

Dolomite is an anhydrous and transparent carbonate mineral rich in magnesium and calcium. It also includes some levels of iron. Also, dolomite rock (also known as dolostone) is crushed and sized before it is used as an aggregate for the construction and maintenance of roads. Dolomite mining is a non-metallic mineral used to create ceramics, glass, composites, and refractory materials. It is also utilized in environment preservation, chemical manufacturing, and energy conservation. The dolomite mineral finds its application in mining, manufacturing, and refining.

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Global Dolomite Mining Market: Key Drivers

A surge in the construction industry is acting as one of the major factors significantly influencing the application of dolomite in producing cement, paints, steel, varnishes, and flooring tiles. It is also used to suppress coal mining dust and manufacture pipes, rubbers, boiler coverings, papers, potteries, leathers, and high-magnesium limes. Moreover, the growing consumption of agricultural products and increasing concerns about food security promote dolomite application as a soil conditioner to neutralize acidity. Due to the rising environmental concerns, several governments are introducing stringent regulations that mandate water recycling in the industrial sector, which, in turn, is contributing to market growth. As dolomite is also used to optimize the pH of distilled water, filtrate potable water, reverse osmosis water, and add natural minerals to the purified, dolomite mining is anticipated to rise in the coming years.

Global Dolomite Mining Market: Market Restraints and Challenges

Dolomite mining has also created numerous environmental problems such as destruction of landscape, damage to natural drainage, pollution, and destruction of natural habitats. These mining activities have disturbed the natural habitat of many species. Further, dolomite is possibly unsafe for most adults when taken by mouth. Some dolomite products might contaminate heavy metals such as aluminum, arsenic, lead, mercury, and nickel. Because of this concern, choosing a safer calcium or magnesium supplement might be wise. Also, dolomite might cause stomach irritation, constipation, nausea, vomiting, and diarrhea. Hence, these dolomite adverse effects might act as a restraining factor for the dolomite mining market.

Global Dolomite Mining Market Report Findings

https://www.globalinsightservices.com/reports/dolomite-mining-market/

The calcined dolomite segment is likely to hold the major share of the market in 2021

Based on mineral type, it is bifurcated into calcined dolomite and sintered dolomite. The calcined dolomite segment is expected to be the largest segment in the dolomite mining market in 2021 is due to increased demand for calcined dolomite from construction industry. Calcined Dolomite is used in the iron and steel industry, specifically in refractory lining protectors, in agriculture as a soil conditioner and in the environmental sector in water treatment. Due to these factors mentioned above, the calcined dolomite segment is expected to hold a major market share in 2021.

The construction segment is likely to hold the major share of the market in 2021

Based on application, it is segmented into construction, agriculture, animal feed, ceramics and glass, iron and steel, and others. The construction segment is expected to be the largest segment in the dolomite mining market in 2021. This is due to increased demand for construction products such as cement and putty. Further, dolomite is used as a filler in concrete and asphalt mix in the form of crushed stone in construction aggregate to construct roads, parking lots, highways, sidewalks, pavements, residential streets, and airport runways. Thus, the construction segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021 due to increasing road construction activities in the region. Rapid industrialization in the region has caused an upsurge in investments in transport infrastructure, which is likely to spur market growth. This, in turn, boosts the demand for dolomite mining in the Asia Pacific region.

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Competitive Landscape

The key players studied in the global dolomite mining market are Arihant Min Chem (India), Calcinor (Spain), E. Dillon & Company (US), Essel Mining & Industries Limited (India), Imerys S.A. (France), JFE MINERAL & Alloy Co., LTD (Japan), Lhoist Group (Belgium), Nittetsu Mining Co.,Ltd. (Japan), Nordkalk Corporation (Finland), and Omya AG (Switzerland).

Global Dolomite Mining Market: Recent Developments

• September 2021, Integrated steel player Jindal Steel and Power Limited (JSPL) mentioned it had bagged Kasia iron ore block in Odisha. The mine with 278 million tonne (MT) reserves is strategically located about 17 kilometers from the company’s pellet plant in Barbil in the state. The e-auction for Kasia iron and dolomite mineral block was earlier owned and operated by Essel Mining and Industries.
• November 2020, Lhoist North America proceeded with a new distribution facility for dolomitic quicklime to service the steel industry. The new terminal is in Memphis, Tennessee. The new facility has a primary supply from the new kiln in Marble Falls, TX. Still, it is serviced by three major railroads allowing shipments from multiple dolomitic production sites across the Southern US.

Global Dolomite Mining Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global dolomite mining market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global dolomite mining market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global dolomite mining market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global dolomite mining industry.

Global Dolomite Mining Market Segmentation

By Mineral Type

• Calcined Dolomite
• Sintered Dolomite

By Application

• Construction
• Agriculture
• Animal Feed
• Ceramics and Glass
• Iron and Steel
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Arihant Min Chem (India)
• Calcinor (Spain)
• E. Dillon & Company (US)
• Essel Mining & Industries Limited (India)
• Imerys S.A. (France)
• JFE MINERAL & Alloy Co., LTD (Japan)
• Lhoist Group (Belgium)
• Nittetsu Mining Co.,Ltd. (Japan)
• Nordkalk Corporation (Finland)
• Omya AG (Switzerland)

Global Data Center Substation Market to Reach US$ 15.6 BN by 2031, driven by Increasing Need of Data Centers Globally: Global Insight Services

New York, August 2022: According to a new research study by Global Insight Services (GIS), the data center substation market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 15.6 billion by 2031.

A data center substation is a structure in the power network where transmission routes and distribution feeders are connected through circuit breakers/switches by busbars. This helps control the power flow across the network and general switching procedures for maintenance purposes. These enclosed zones mainly step up or down the voltage in transmission lines to a particular level suitable for the distribution system. Further, with the surge in the volume of structured and unstructured data, along with the increasing demand for cloud computing, is subsequently driving the demand for efficient and reliable substations.

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Global Data Center Substation Market: Key Drivers

Data centers have become an essential component of the modern economy, from the servers operating in SMEs to the organization data centers supporting large businesses and the plantations running cloud computing services hosted by several technology giants, including Google, Amazon, Netflix, and Facebook. Moreover, different end users have emerged to distinguish themselves with varying data center requirements in this digital economy, which is challenged continually with staying ahead of customers’ IT roadmaps. Therefore, the requirement for data storage is also surging due to the rising demand for big data analytics and cloud-based services, including online content comprising movies, apps, videos, and social media. Thus, the growing need of data centers boosts the requirement for data center substations to get sufficient power supplies, which drives the demand for the data center substations.

Global Data Center Substation Market: Market Restraints and Challenges

On one side, the increasing demand for data center substations for technology giants is helping them in several ways. However, there are several disadvantages to owning own substation, which might create several challenges for substation owners. Firstly, when any user owns the substation, the user needs to operate and maintain it. Secondly, the user may need to install a remote operating system, combining it with their data center, to monitor and control their own substation. While it adds an additional system to their center, it also adds power assurance. Thirdly, if their substation goes down, the user and their maintenance subcontractor are responsible for running the data center again, so users need to establish monitoring and emergency procedures surrounding the substation and the data center itself. Thus, there are several disadvantages to owning own substation, which might create several challenges for substation owners.

Global Data Center Substation Market Report Findings

https://www.globalinsightservices.com/reports/data-center-substation-market/

The switchgears segment is likely to hold the major share of the market in 2021

Based on component, it is segmented into transformers, switchgears, relays, and others. The switchgears segment is expected to be the largest segment in the data center substation market in 2021. Switchgear is an essential substation component and is essentially used to withstand fluctuating operating voltage in extremely volatile environmental situations. Developing new industrial and commercial facilities, including data centers for safe and reliable operations, is also estimated to drive the segment growth. Due to these factors mentioned above, the switchgears segment is expected to hold a major market share in 2021.

The above 500KV segment is likely to hold the major share of the market in 2021

Based on voltage type, it is segmented into 33KV-110KV, 111KV-220KV, 221KV-500KV, and above 500KV. The above 500KV segment is expected to be the largest segment in the data center substation market in 2021. Demand for high voltage substations played a major role in the market growth. Substations with high voltage (above 500KV) are designed to handle the high-power demands of mission-critical facilities such as data centers to provide reliable and quality power supply to server buildings. Substations with high voltage rating play a vital role in providing optimal power transmission and distribution for mission-critical facilities, such as data centers. Thus, the above 500KV segment will likely hold a major market share in 2021.

The North America region is accounted for the majority of market share in 2021

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The growth is mainly due to the region’s continuous growth in data center construction activities. Moreover, North America boosts the largest cloud computing market, creating a lucrative opportunity for data centers. This, in turn, offers avenues for energy transmission and distribution solutions such as data center substations. Further, data center colocation providers in North America are focused on making significant investments in constructing additional data center facilities. This, in turn, boosts the demand for data center substations in the North American region.

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Competitive Landscape

The key players studied in the global data center substation market are Acciona, S.A. (Spain), Eaton Corporation plc (Ireland), Hitachi Energy Ltd (Switzerland), Hyosung Heavy Industries (South Korea), NEI Electric Power Engineering, Inc. (US), S&C Electric Company (US), Schneider Electric (France), Siemens Energy (Germany), TE Connectivity Corporation (US), and Tesco Automation Inc. (US).

Global Data Center Substation Market: Recent Developments

• January 2022, Hitachi Energy delivered a state-of-the-art 150-kilovolt digital substation, helping Indonesian utility PT Perusahaan Listrik Negara (PLN Persero) ensure reliable power and better support economic development in East Java, as well as contribute to broader long-term sustainability goals.
• October 2021, Schneider Electric announced that it expanded its micro data center solutions portfolio by introducing the easy micro data center series for standard IT and commercial environments.
• March 2021, Eaton had launched an industry-first data center solution, EnergyAware UPS using UPS-as-a-reserve (UPSaaR) in India. The solution will enable data centers to contribute to renewable energy and also earn from their UPS investments.

Global Data Center Substation Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global data center substation market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
• A thorough analysis of market trends and restraints is provided.
• Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
• The forecasts in this report are made by examining the recent trends along with future global data center substation market potential from 2021 to 2031 in terms of revenue.
• Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the global data center substation market are also analyzed.
• Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global data center substation industry.

Global Data Center Substation Market Segmentation

By Component

• Transformers
• Switchgears
• Relays
• Others

By Voltage Type

• 33KV-110KV
• 111KV-220KV
• 221KV-500KV
• Above 500KV

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle East
  • Africa

Key Players

• Acciona, S.A. (Spain)
• Eaton Corporation plc (Ireland)
• Hitachi Energy Ltd (Switzerland)
• Hyosung Heavy Industries (South Korea)
• NEI Electric Power Engineering, Inc. (US)
• S&C Electric Company (US)
• Schneider Electric (France)
• Siemens Energy (Germany)
• TE Connectivity Corporation (US)
• Tesco Automation Inc. (US)

New York, July 2022: According to a new research study by Global Insight Services (GIS), the smart mining market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 29.5 billion by 2031.

Smart mining is a process that uses autonomy, information, and technology to obtain reduce operational costs, improve safety, and gain better productivity for a mine site. Mining corporations emphasize enhancing productivity by providing state-of-the-art software & solutions. It also comprises remote-controlled robotic equipment for mineral & metal extraction, known as telerobotic mining, and decreases the danger for miners. Further, smart mining equipment is applied in underground and surface mining, also known as open pit or open cast mining operations. However, the integration of smart mining in underground mining has improved the working conditions on-site and increased the productivity of underground mines.

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Global Smart Mining Market: Key Drivers

Rapid advancement in technology will continue to influence mining operations. In the mining industry, internet-of-things (IoT) is increasingly being adopted in mining equipment and vehicles. Furthermore, IoT in scheduling and predicting maintenance and repair tasks is expected to play a key role in its widespread adoption across the mining industry. Moreover, to reduce downtime and increase operational efficiency, miners also use advanced predictive maintenance tools. Secondly, simulation technology is gaining popularity among miners due to its proven benefits in responding to emergencies. The simulation technology is poised to witness widespread adoption in the long run. Thus, robust adoption of IoT and the gaining popularity of simulation technology are anticipated to aid the growth of the smart mining market in the forecast period.

Report Findings

The surface mining segment is likely to dominate the market during the forecast period

Based on type, the surface mining segment market is growing at a faster rate because Surface mines offer several advantages it is cheaper, can recover more of the resource (usually up to 100% within the mining excavation), is safer, and can use larger-scale mining equipment offering higher production rates. Thus, several advantages of the surface mining segment boost the market’s growth.

The automated equipment segment is likely to hold the major share of the market

On the basis of category, the automated equipment segment is expected to have the highest smart mining market share in 2021. The automated equipment segment generated high revenues in 2021, due to high adoption of autonomous mining equipment and recognition of advantages offered by the implementation of these equipment. For instance, automated equipment in smart mining allows workers to do their jobs remotely, away from the dangers of unstable areas within the mine.

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Competitive Landscape

The key players studied in the global smart mining market are ABB Ltd (Switzerland), Caterpillar Inc. (US), Cisco Systems, Inc. (US), Hexagon AB (Sweden), Hitachi, Ltd. (Japan), Komatsu (Japan), Robert Bosch GmbH (Germany), Rockwell Automation, Inc. (US), Sandvik AB (Sweden), and Trimble, Inc. (US).

Global Smart Mining Market Segmentation

By Type

• Underground Mining
• Surface Mining

By Category

• Automated Equipment
  • • Excavator
    • Robotic Truck
    • Driller & Breaker
    • Load Haul Dump
    • Other Automated Equipment
• Component
• Hardware
• Software
• Services

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

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Global Smart Mining Market: Recent Developments

• September 2021, Hexagon launched the Power of One (a unified technology platform), which connects all parts of the mine together. It connects all sensors and software with an intelligent monitoring system through its platform.
• September 2021, Komatsu exhibited at MINExpo 2021 regarding sustainable and autonomous mining technology. The products offered by the company include WE1850 Gen 3 surface wheel loader with proven switched reluctance (SR) hybrid drive technology, battery hauler for underground mining powered by lithium-ion battery technology, ZR122 surface blast hole drill with automated features, and battery-tram powered ZJ32Bi jumbo drill for underground hard rock mining and underground hard rock drilling & bolting retrofits.
• June 2021, Rockwell Automation signed an agreement to acquire Plex Systems (a cloud-native smart manufacturing platform) for US$ 2.22 billion in cash. Plex Systems provides the only single-instance, multi-tenant software as a service (SaaS) manufacturing platform that operates at scale, including advanced manufacturing execution systems, quality, and supply chain management capabilities. This acquisition enables Rockwell to scale up its cloud offerings for mining and related industries.

New York, July 2022: According to a new research study by Global Insight Services (GIS), the solar inverters market is expected to grow rapidly over the next 10 years to reach a value of more than US$ 18.2 billion by 2031.

Solar inverters are an essential part of the whole solar system. These inverters convert the direct current (DC) electricity to the alternate current (AC), hence determining the efficiency of the whole solar system. Besides the conversion, solar inverters track voltage, allow grid connecting communication, and shut down during emergencies. On-grid solar inverters produce a pure sine wave of AC electricity than off-grid inverters, hence, increased use of on-grid solar inverters ensures the better efficiency and safety of home appliances. Moreover, solar inverters are commonly used in residential & utility applications and nowadays are increasingly used in commercial & industrial projects across the globe.

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Global Solar Inverters Market: Key Drivers

Installation of home rooftop solar panels can be observed in both developed and developing economies. Solar energy has appeared as a promising and extensively accepted renewable energy source. Also, residential solar solutions provide free, uninterrupted electricity for years while contributing to a greener environment.

According to the Solar Energy Industries Association, in June 2022, the US-installed 3.9 gigawatts (GW) of solar photovoltaic (PV) capacity in first quarter (Q1) 2022 to reach above 126 GW of total installed capacity, enough to power 22 million American homes. The solar segment accounted for fifty percent of all new electricity-generating capacity added in the US in Q1. Residential solar had its largest quarter in history with 1.2 GW installed, a 30% increase year-over-year (Y-o-Y). Further, the Indian government has a target of installing nearly 40 GW by 2022 for rooftop solar installations across the country, per the article published by Mercom India in August 2021. Rooftop solar inverters account for around 13% of cumulative solar installation in India. Moreover, companies realize the environmental and financial advantages of using solar inverters, and the COVID-19 pandemic has increased its adoption.

Therefore, with all the factors mentioned above, growing residential solar rooftop installations globally support the solar inverters market growth.

Report Findings

The central segment is likely to dominate the market during the forecast period

The market growth of this segment is increasing at a faster rate because central inverters are highly reliable with timely maintenance and are housed in a protected location for their installation. The central inverters are integrated with large arrays installed on field installations, industrial facilities, and buildings, taking DC power from all the solar panels and converting it into AC power, becoming a single point for power distribution. Thus, numerous benefits of the central segment are boosting the growth of the market.

The on-grid segment is likely to hold the major share of the market

The on-grid segment holds the largest share because of the rise in investment in the direct supply of electricity rather than storing it in batteries. In addition, advantages of being used as on-grid solar inverters include easy feeding of energy, easy installation, cost-efficiency, and managing high electricity demand, boosting the market’s growth.

The utility segment is likely to dominate the market during the forecast period

The rising investment in utility-scale solar power plants, solar parks, and other solar structures is primarily boosting the market’s growth. Moreover, the rise in construction projects such as decentralized solar power plants, rural electrification projects, solar power plants on the water body & rooftops, and commercial buildings drive the growth of the solar inverter market for the utility segment across the globe.

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Competitive Landscape

The key players studied in the global solar inverters market are ABB Ltd (Switzerland), Delta Electronics, Inc. (Taiwan), Enertechups (India), GoodWe Technologies Co., Ltd. (China), Power Electronics S.L. (US), Power-One Micro Systems Pvt. Ltd. (India), Sineng Electric (China), SMA Solar Technology AG (Germany), Solaredge Technologies Inc. (Israel), and Hitachi Hi-Rel Power Electronics Pvt Ltd. (India).

Global Solar Inverters Market Segmentation

By Type

• Central
• String
• Micro

By System Type

• On-Grid
• Off-Grid

By End User

• Residential
• Commercial
• Utility

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Rest of World
  • Latin America
  • Middle East
  • Africa

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Global Solar Inverters Market: Recent Developments

• April 2022, Delta Electronics, Inc. had launched the first bi-directional inverter integrating solar power, power storage, and electric vehicle (EV) charging.
• April 2022, Power Electronics S.L. had exhibited at Intersolar the new generation of the HEMK solar inverters, the most powerful modular solution on the market with 4.4MVA.
• July 2019, ABB Ltd and FIMER S.p.A had announced that they have signed an agreement for FIMER to acquire ABB’s solar inverter business. The transaction will enhance the future prospects of the solar inverter business and will enable ABB Ltd to focus its business portfolio on other growth markets.