Energy Market Research Reports
Published Date: 2013-04-10
Solar Photovoltaic (PV) systems are used to generate electricity through the photovoltaic effect. Solar radiation is trapped and converted to electricity via solar PV panels. The solar PV systems generate electricity with negligible carbon emissions thereby cutting the carbon level in the environment. Solar energy is freely and abundantly available, eliminating the cost involved in fuel input. Solar energy is one of the best alternative renewable sources of energy with least maintenance and operation costs.
Published Date: 2013-04-03
Combined heat and power (CHP) systems, also known as cogeneration systems are used for the simultaneous generation of both electricity and heat energy. In CHP, the heat generated while generating electricity is captured and used for heating purposes. It ultimately increases the efficiency of the system by avoiding the heat losses. Rising energy prices and increasingly stringent regulations regarding energy consumption and emissions have resulted in a surge in demand for CHP systems.
Published Date: 2013-01-31
The global mining equipment market is primarily driven by factors such as the increase in mining activities and the rising demand for metal and mineral commodities. The mining market is witnessing substantial growth after the economic crisis in 2010. Some other factors such as the enhanced demand for technically advanced solutions especially in developing countries is bolstering the growth of the global mining equipment market. Asia Pacific region dominates the global mining equipment market owing to tremendous growth of mining activities in China.
Published Date: 2013-01-16
The fuel cell industry is emerging as one of the fastest growing markets owing to the collaborations of governments, businesses, and academic institutions, which is helping to produce fuel cells at a lower cost and improve their efficiency. The global fuel cell market is expected to grow at an estimated compounded annual growth rate of 16.6% during 2010 to 2014 owing to the decrease in fuel cell prices.
Published Date: 2012-10-23
Coal bed methane is used as an alternative for natural gas in a number of consumer and industrial applications. Some of the prominent applications include heating homes, propelling vehicles, feedstock in industry, and for generating electricity. The most common technology used for production of coal bed methane is multistage hydraulic fracturing combined with horizontal drilling. Combination of these technologies is playing a key role in increasing the production of CBM in North America.
Published Date: 2012-09-24
This report is an effort to identify factors, which will be the driving force behind the low voltage cables market in the major countries of Latin America in the next six years. The report provides extensive analysis of the low voltage cables industry, current market trends, industry drivers and challenges for better understanding of the low voltage cables market structure.
Published Date: 2012-06-05
This report analyzes the North American ground-mounted PV utility market. The major segments in this market consist of pole ground mounting system, pile-ground mounting system, and other ground mounting systems. The report also describes the key factors influencing the market. Annual estimates and forecasts are provided for the period 2011 through 2016.
Published Date: 2011-11-01
The report provides the status of global and geography wise installed as well as expected wind energy installations. The influencing factors for this market including drivers, restraints and opportunities have been discussed for probing the current and expected trends in future. The report focuses on the wind energy outlook across major countries such as U.S, China, India, Spain and Germany with market forecast till 2016.
Upcoming Market Research Reports in Energy
A fuel injection system is used in various automobile engines (gasoline engine & diesel engines) of light and heavy vehicles. The growth of global automotive industry is one of the major macro factors driving the market for fuel injection system. A fuel injection system is formed by assembling various components, and ensures proper flow of fuel into the engine.
Energy is one of the most important factors in each and every industry.. The per capita energy consumed in 2009 accounted to 1,790 kg as reported by the World Bank. The energy consumption market can be segmented into white goods, consumer electronics, and general illumination in residential and commercial premises. Innovations such as induction cooking and rising natural gas and oil prices are expanding the energy consumption market.
Geothermal energy is a type of heat energy that is produced in the earth’s core. This energy is utilized in a wide range of applications from power stations to simple pumping systems. Geothermal energy is considered as a renewable source of energy since the water which is captured in the form of heat while extracting geothermal energy is continuously replenished by rainfall and again the heat generated from it can be used.
The Oilfield equipment market is vast, mainly providing services in the form of replacement parts, brakes rims and drums, rods and pipes, wear plates, and valves to name a few. Since the demand for oil is inelastic in nature, the oilfield equipment market continues to have a positive growth. Majority of the market is occupied by the Middle Eastern region which enjoys the largest share in terms of oil availability, followed by Europe which has invested heavily in imports.
Gas reservoirs are mainly classified into conventional or unconventional. An unconventional gas reservoir is one which is situated in rocks with low permeability, thereby making the gas inaccessible unlike in conventional gas deposits. The cost of finding, developing, and managing these resources is much higher than conventional resources.
Lighting equipment could be mundanely understood as the equipment responsible for the production of light energy. With an ever increasing rise in the global population, and the rising awareness amongst us to protect our mother earth, lighting equipment market is experiencing a healthy growth rate.
The growing demand for portable electronics has led the growth of this market. Earlier, batteries were used for conventional products such as flashlights, watches, calculators etc. Now-a-days the scenario has totally changed and the introduction of portable devices has increased in the areas of communications, entertainment, computing, and photography, thus pushing the market growth.
A diesel engine is an internal combustion engine that is used to initiate ignition to burn the fuel. They are available as two strokes and four strokes diesel engines. Diesel engines are used in submarines, ships, locomotives, trucks, buses, heavy equipments and in passenger cars. The demand of diesel engines has been growing globally due to its versatile usage in various areas.
Energy efficient motors are more effective and 2% to 8% more efficient than standard motors. These motors have to meet the standard efficiency levels as listed in the National Electric Manufacturers Associations (NEMA’s) MG-1 1993 published report. The motors that are sold after October 1997 are expected to meet the NEMA definition.
Waste treatment refers to activities that are carried out in order to ensure proper disposal of waste materials. The rapid industrialization in developing economies across the world is one of the major factors for the growth of the waste treatment and disposal services market. The continuous growth of economies, industrialization, and environmental regulations are expected to drive the growth of the market in the upcoming years.
A solar cell is a device that captures solar energy and converts the light energy into electricity using organic electronics. This is done due to the photovoltaic characteristics of the solar cell that helps in converting the light energy into electricity. Organic solar cell use is one of the recent developments in this field. It holds the potential to reduce the overall cost involved in manufacturing and installing of silicon solar cells.
Catalyst regeneration is the process used for producing aromatic hydrocarbons which are used as motor fuel. This process is mostly used by petroleum and petrochemical industries to convert paraffins and naphthenes into aromatics. With the increasing need for sulfur free clean fuel, regenerated catalyst usage is increasing. Global consumption of regenerated catalyst has reached around 1,200 kilo tons per year.
In the present environment of ever-increasing oil prices and crises of inflation, especially in developing countries, petroleum fuel optimization technology acts as a boon. Many countries are promoting and developing such technology due to its commercial capabilities. Hence, this market is expected to increase in the coming years.
Natural gas compressed to a pressure of 200-250 bars which results in 200-250 folds reduction in volume, is referred to as compressed natural gas. It is a colourless, odourless, highly flammable, and non-corrosive gaseous hydrocarbon. Natural gas is primarily composed of methane and ethane. It is stored and distributed in hard containers which are usually cylindrical or spherical in shape. CNG has emerged as an abundant, clean, and safe alternative fuel and produces 28% less CO2 and other greenhouse gases compared to petrol and other fuels.
Enhanced oil recovery (EOR) is a term for the techniques used for boosting oil recovery by injecting chemicals, gas, or steam to force more oil from an aged field. EOR is also called tertiary recovery or improved oil recovery. On an average, 70% to 75 % of the oil remains trapped in reservoirs because it is too difficult to extract, so by using EOR, about 30 to 60 % of the reservoir's original oil can be extracted. EOR has the capability to increase oil recovery up to 75%, although it is expensive to use in an oil field.
Hydrogen gas is a major energy source and is widely used in various industrial sectors such as petroleum refineries, chemical processing, automotive fuel, fuel cells, aerospace and many more. Commercially, hydrogen gas is produced by steam reformation of natural gas or by partial oxidation of petroleum oil.
Membranes are the barriers which separate two phases and restrict transport of various chemicals in a selective manner. Based on the type of the operation, membranes can be segmented into reverse osmosis, ultrafiltration, mircofiltration, electrodialysis, and gas separation.
Energy is one of the basic requirements in almost all fields and sectors. The rising global requirement for energy is triggering research and development teams across the globe to develop new systems that can provide better and adequate amount of energy. The utility-scale energy storage technologies market is expected to excel effectively from 2013 to 2018 due to the wide applications that require a large amount of energy.
A home energy management system is responsible for monitoring the usage of electricity. The monitoring of electricity usage helps consumers in knowing the amount of electricity wasted and thereby helps in saving money by reducing such wastage.
Many companies that deal in a wide variety of industries are using power rentals to fulfill their temporary power requirements. These companies hire a wide range of power equipment and power services from rental companies to fulfill their power needs without investing huge amounts for such equipment and services. This helps these companies in reducing their overall cost of initial investment and saves them from making long term investments.
Fuel additives are chemicals which are added to various fuels such as gasoline, diesel, jet fuel, kerosene etc. in order to enhance their performance. Fuel additives are also responsible for reducing the corrosion effects caused by fuels and improving the combustion properties of fuels.
The change in the rate of a chemical reaction is called catalysis and the substance that causes it is called the catalyst. Catalysts may be solid, liquid, or gaseous and may function in a single phase or multi phase. Catalysts are usually not consumed by the chemical reaction but rather destroyed, deactivated, or inhibited by other processes. Catalysts that speed up the reaction are called positive catalysts while those that slow the reaction are called inhibitors.
The rising demand for energy and limited/inefficient storage systems are proving inadequate to satisfy the demand for industrial energy requirements. Researchers are aggressively and continuously working in order to develop and manufacture effective and efficient systems that will store and distribute the required amount of energy globally. Energy retrofits are the adjustment or addition to the existing energy consuming equipment that are utilized in commercial outlets and in buildings.
Noble gas includes helium, argon, xenon, radon, krypton and neon which have similar properties under standard conditions. Noble gases are all tasteless, odorless, colorless, and non flammable gases. Helium is obtained from natural gas whereas argon, krypton, neon, and xenon are separated from the air by using the process of fractional distillation and liquefaction of gases. Noble gases play an important role in industries such as space exploration, lighting, and welding.
The global market for components of proton exchange membranes (PEM) and membrane electrode assemblies (MEA) used in PEM Fuel cells (PEMFC) is witnessing a trend of rising demand. The market is expected to record a compounded growth of approximately 21.1% from 2012 to 2018. The key factors influencing the market growth are growing environmental problems and depleting conventional fuel resources
Wind energy storage devices consist of devices used to store wind energy. The wind energy storage devices market can be classified based on the modes of storage of wind energy such as pumped hydro storage, compressed air storage, and flywheels. The pumped hydro storage method uses wind turbines to pump water from a low reservoir to a high reservoir, which is then dropped onto a turbine to generate electricity.
Ultraviolet light is used for water, air and soil treatment which diminishes pathogens present in them, and the germ count as well. The ultraviolet light market is expected to cross USD 2 billion by 2018 at a CAGR of 12.5%. Ultraviolet light is more economical and eco-friendly compared to chemical substances used in water treatment which is the primary reason for this growth.
The adsorption process involves the adhesion of atoms, molecules, or ions of substances that are in gaseous or liquid form onto a solid substrate surface. This surface is called the adsorbent and the other substance adhering to the surface is called the adsorbate. Inorganic nanoporous adsorbents have a pore size smaller than 50 nm while micro porous adsorbents are the ones which have a pore size greater than 50 nm. These materials are effectively used in the separation of various chemicals in chromatographical procedures. The adsorption characteristics of these materials help in separating the impurities and required chemicals from the original solution.
Worldwide market for solid oxide fuel cells (SOFC) is forecasted to reach $530 million at the compounded annual growth rate of 6.9% from 2011 to 2016. This growth in solid oxide fuel cells industry is expected as a result of its better efficiency and cost effective nature. These types of fuel cells are mainly used in stationary, mobile, and portable applications. Development in technology is also helping in growth of this industry. Solid oxide fuel cells play vital part in securing energy security for the country, improving environment, reducing urban pollution, and creating jobs in manufacturing industry.
Waste derived biogas market is projected to reach $217 billion by the year 2016 owing to the factors like price instability, supply anxieties, and environmental awareness towards the use of fossil fuels. Biogas is a clean fuel mainly obtained from waste materials and is a significant substitute for conventional fossil fuels. Renewable, sustainable energy generation will be the fastest growing energy sector over two decades due to increasing awareness towards environmental protection, and growing concerns towards overuse of fossil fuels. Energy generation techniques from renewable resources are in increasing demand, particularly energy generation from biogas. Biogas is generated through the process of anaerobic digestion.
Growing need of alternative energy sources due to rapidly depleting non-renewable energy sources is driving the market for photovoltaics. The global photovoltaic market is expected to reach 55,621 megawatts value by the year 2015 with the compounded annual growth rate of 38%. Continuous developments in this market and growing support from government of most countries are some of the major factors contributing to the growth of this market. Improvements in manufacturing techniques and efficiencies will reduce the actual material quantity used in solar cells. Value of photovoltaic material is projected to grow by 12.3% by the year 2015 and reach $47 million.
Portable power fuel cell market is witnessing significant growth since past few years due to its use in number of applications. With advancement in science and technology, there emerged a need for portable electrical energy source which has given rise to development of portable power fuel cells. Fuel cells are more energy efficient and it is believed that traditional batteries will not provide required energy for the modern age electronic devices. Hence, such portable power fuel cells are best alternative for batteries.
Increasing demands for electrical power systems, electricity shortages, rising electricity prices, power quality problem, and rolling blackouts have caused many customers to look for alternative power sources to meet their power demands. Distributed energy resources provide best alternative for enhancement of traditional electric power grid.
Metrology is the science that deals with the measurement of any parameter which includes both experimental and theoretical aspects of measurements determined at any level of uncertainty. Now days, consumers are adopting the conservative approach towards investing in capital equipments. Despite correctness and accuracy in manufacturing processes, rising cost of dimensional metrology equipments is of great concern which has enabled the outsourcing of metrology services. Keeping in mind the complexity of manufacturing processes in industries, it is important to have the measuring equipments that are highly accurate and precise. Multiple technologies are implemented to ensure the appropriate 3D measurements.
Global energy market is witnessing a shift toward waste to energy technologies as a result of the increasing energy demand worldwide, depletion of conventional energy sources, and growing concerns of environmental pollution from conventional energy sources. Governments across the globe and social organizations are offering financial schemes for encouraging generation of energy from agricultural and industrial waste. The waste to energy market is expected to reach a market size of USD 29.98 billion by 2015 at a CAGR of 5.5%. This growth is expected because of the increasing influence of WTE for generation of electricity and heat required for various applications.
The global biogas upgrading market is expected to reach $338.5 million by the year 2016 at the compounded annual growth rate of 22%. Europe is the largest contributor to the growth of this market and it is expected to hold the market value of $250.5 million in 2016 with CAGR of 22%. Asia Pacific market is projected to reach $83.9 million at a CAGR of 22.8% by the year 2016. Renewable energy is expected to be one of the fastest growing energy sources in the near future. The market for biogas generation is estimated to grow significantly due to its use in number of residential and industrial applications. Biogas offers better efficiency as compared to other renewable energy resources and it is even more cost effective.
Cryogenic equipments are designed to keep liquefied gases in liquid state as these gases are required to be stored at a temperature below -150°C, commonly referred as cryogenic temperature. Some of the major factors driving this market are the increasing consumption and demand of energy and power from the growing population and industrialization. With the growth in global economy, especially china the demand for cryogenic equipments is set to rise. Cryogenic equipments are widely used in industries such as chemical, electronic, metals, energy, and power among others. Among all the major geographies APAC is leading the market with a market share of more than 35% followed by Europe and North America. Cryogenic equipments are mostly used in the form of tanks, vaporizers, pumps and valves. Out of all these types, tank is the most popular and growing segment closely followed by valves and others.
Naphtha is basically used as the primary component in the production of gasoline and fuels. It is used as feedstock for production of olefin and aromatic petrochemical products. The increasing use of naphtha in different applications is driving the naphtha market. Chemical applications of naphtha include its usage as feedstock for steam cracking to produce petrochemicals. Naphtha is also used for producing reformate for gasoline blending stock.
Increasing concerns about the use of conventional thermal energy sources, developed economies are largely dependent on nuclear energy for power generation in order to satisfy their power demands. Nuclear power is used for the generation of electricity across the world due to its power efficiency and sufficient availability. Nuclear disasters in the past few years have questioned the safety of using nuclear power. This industry has been experiencing tremendous growth in the past few years. Significant technological development in reactor technology, safety measures, and zero carbon emissions from nuclear power plants are some important factors driving the growth of this market. Impact of nuclear disaster remains foreseen in the coming years, but there are many countries adopting this technology to meet their energy demands.
Worldwide increasing prices of crude oil and growing demand for fuel operated machinery is encouraging the need for alternative fuels. Currently, natural gas, ethanol, methanol, biodiesel, propane and others are some of the best alternatives available. With the advent of new technology, these fuels are used in number of vehicle applications. Use of these alternative fuels in vehicles can reduce emission of harmful pollutants. Alternative fuels market has not only revolutionized transportation industry, but it has also created new boundary for expansion of emerging energy players.
Demand for power generation has grown immensely with tremendous growth in the world population and the consequent need to fulfill the ever-increasing demands. Fossil fuels are proving insufficient in meeting the increasing demand for energy and hence there is a need to look out for substitute energy resources. Natural gas is the best alternative that can be used for generation of electricity. The natural gas-fired electricity generation market is growing rapidly as it offers a number of advantages over other fossil fuels.
Thin film photovoltaics are solar cells manufactured by placing one or more thin layers of photovoltaic material on a substrate. The thickness of such a layer varies widely ranging from few nanometers to a few micrometers. There are two leading manufactured solar photovoltaic (PV) technologies in commercial use today; crystalline silicon PV and thin-film PV. Photovoltaic (PV) technology transforms solar energy from the sun released in the form of photons into electricity. Current PV technologies use semiconductor materials also found in computers and other electronic equipment. Semiconductors release electrons from their atomic bonds producing electrical current.
Energy harvesting is basically is power harvesting or energy scavenging. It includes photovoltaics, piezoelectrics, thermovoltaics and electrodynamics. With increasing environmental concerns and escalating demand for green, Energy harvesting is paving its way into variety of applications, especially small electronic devices.
The technology used for producing/generating electricity by burning coal is known as coal fired power generation. Globally it is one of the oldest and an efficient way for generating electricity. Its value can be understood as its ability of supplying power during both peak-demand and non-peak demand. The main driver which is pushing the coal fired generation market is the fact that it costs less than other sources of energy and since it’s an old concept it is reliable in terms of its technology. The factors that are hampering this market are the environmental concerns related to burning coal. An opportunity lies in looking for some technological advancement which can negate the effect of coal on the environment.
Natural gas obtained from coal, gas shale, and gas hydrates are generally referred to as unconventional natural gases. There has been a rapid growth in the exploration and production of unconventional natural gas due to the need for power generation. Technological improvements in the extraction methods like drilling and hydraulic fracturing and benefits of natural gas over other fuels for power generation are some important reasons driving this market. Widespread availability of unconventional natural gas resources is also adding to their increasing use in the number of applications, thus leading to market growth.
The global heat pump market is growing fast as governments of developed economies are promoting renewable energy and emphasizing on the development of energy-efficient buildings. A large number of corporate and government organizations are coming forward for the development of this industry, and financial support from such organizations is continuing to be the main driver of this market. The growth of the heat pump industry resulted in the slow development of conventional heating products like boilers. The ground-to-water heat pump segment dominates this industry accounting for the overall maximum growth rate. Air-to-water type heat pump holds the largest shares in countries like Japan, France, Switzerland, and Norway. Although, the ground-to-water segment holds the largest share, the growth of this industry is mainly driven by the air-to-water segment.
Global butadiene demand was estimated to be around 10.5 million tons in 2011. In terms of revenues, the market was estimated to be worth over USD 40 billion for the same year. Also the global automotive tires market is expected to reach at a historical mark of around USD180 billion by 2017, which makes butadiene market more attractive for the investors.
Liquefied petroleum gas commonly termed as LPG is a form of energy which is co produced during crude oil and natural gas production; it is a portable, clean and versatile form of energy which is used in more than 1,000 different applications. It is also non hazardous in nature as it emits 50% less CO2 than coal and 20% less CO2 than heating oil, making it efficient for cooking purpose. The world is moving towards LPG for the above mentioned reasons creating more demand for LPG across the globe. The global market (in terms of volume) of LPG in the year 2010 was estimated to be around 250 million tons which has increased to 270 million tons in 2012 which grew at the rate of around 2.7%. Global demand for LPG in the year 2012 was estimated to be around 267 million tons, which is expected to exceed 300 million tons by the year 2015 owing to growing demand worldwide.
The global market for liquefied natural gas is rising due to various advantages offered by it such as cost effectiveness, lesser pollution, comparatively safe, and flexibility of trade. Major areas of application of liquefied natural gas include generation of electric power and heat. Natural gas is inefficient to store and transport over distances.
Hydraulic fracturing is the process of creating fractures in the rocks by injecting a mixture of sand and water to take out the oil and gas. This process allows the wellbore to crack underground and helps it to open further to flow out petroleum and natural gas. Hydraulic fracturing is used in mining industry. Government support helps it to increase its operations. The driving factors for hydraulic fracturing include the growing use of natural gas, technological advancements, increasing number of reservoirs, huge investments, mergers and acquisitions and so on. The hydraulic fracturing market is restrained by water availability, stringent government regulations and opposition by the public due to its hazardous environmental impact.
Natural resources are depleting rapidly and there is increasing demand from growing population for use of these resources. Necessity has provoked the need to look for alternative energy resources or renewable energy resources for fulfilling the ever increasing demands of this growing population. Governments of many countries are encouraging the use of renewable energy resources for various purposes. Renewable energy industry continues to grow in America owing to the regulations set up by the Government for mandatory use of renewable energy and active participation of corporations to offset their environmental impact by adopting eco-friendly methods for power consumption.
Oil shale generally refers to any sedimentary rock that contains solid bituminous materials that are released as petroleum-like liquids after heating by chemical process of pyrolysis. Oil shale is formed by deposition of organic debris and silt on lake beds and sea bottoms. Over a long period of time, this material is transformed into sedimentary rock by heat and pressure. Oil shales are rich in oil content and can be burned without any additional processing. With depletion in natural resources, the oil shale market is growing in demand due to large availability of deposits in the world, mainly found in America. Increasing oil prices, energy security, and economic benefits are some important factors driving the growth of the oil shale industry.
Increasing demand for refined petroleum products and the high price difference between heavy and light crude oil are leading to an increase in demand for heavy crude. Availability of crude as well as the increase in production rates is driving the petroleum coke market. Petroleum coke is taking over markets like cement and power industry and has also started giving strong competition to coal. Petroleum coke is an excellent and inexpensive product to blend with coal in traditional coal fired boilers. Associated production cost is minimal as it is a by-product of the refining process and its price is determined by competitive steam coal prices.
Limited availability of natural resources is proving insufficient to meet the increasing energy demands of the growing population. Continuous growth in demand for alternative energy resources with improved efficiency have taken the technologies and products of this market to a new level called the third generation. Increasing demand for alternative energy sources is driving the energy market to a great extent.
The shale gas market is playing a significant role in the global natural gas industry as countries around the world are continuing to seek lower carbon fuels, ensuring energy security and financial development. Demand for shale gas is expected to increase in the coming future, accounting for about 24% of the global energy supplies in 2020. While the global demand for gas is increasing, there is a significant decrease in the supplies from conventional sources.
Direct methanol fuel cells provide extended run times with quick refill of charging liquid. These cells are expected to equal the cost with thin film batteries by the end of the forecasted period. Increasing demand for portable electricity with increasing use of broadband cell phones, laptops, and tablet PCs is mainly driving the DMFC market.
Air travel industry is emerging greatly owing to the implication of new technology every day and is expected to undergo significant growth. Although air traveling is faster and safe as compared to other means of travelling, it is quite costly. One of the major challenges faced by this industry is tremendous hike in air fares in recent years, mainly because of the increasing prices of jet fuel. Major airline companies and jet fuel consumers are looking for alternatives to limit fluctuation in jet fuel costs and return to profitability.
Gasoline-naphtha-crude-MTBE market is expected to witness an increase in MTBE consumption in the coming years in the Asian market. MTBE (methyl tertiary butyl ether) is a flammable, volatile, and colorless liquid sparingly soluble in water and has minty odor of diethyl ether that adds unpleasant taste. MTBE is a gasoline additive that is used as oxygenate to raise octane number. It is most exclusively used as fuel component in fuel for gasoline engines to raise the oxygen content of gasoline.
Increasing fuel costs and economic recession have encouraged demand for more efficient power cogeneration equipments that can improve profitability. Technological trends in the cogeneration equipment market emphasize on increasing efficiency, portability, and quality of these equipments. Product innovations and sustained research and developments in this field are some important factors contributing to the growth of cogeneration equipment market. One of the major challenges faced by this market is its inconsistency in orders.
Some of the major factors driving the growth of gas market are growing populations, increasing urbanization, rapidly growing automobile sector, increasing need for power generation, and growth in petrochemical industry. For decades, gas has been delivered to businesses and homes throughout the world and it has become the most dependable energy source.
The global fuel oil market is rising owing to the growth in petrochemicals, transportation, and building materials industry segments. Demand for better quality fuel oil is on a rise as it enhances engine life and maximizes productivity. However, the high prices of crude oil are affecting the market by slowing down its growth rate. Volatility in crude oil prices and scarcity of the crude oil has forced various R&D centers across the globe to find out an alternative source of fuel oil to satisfy the growing demand.
The shipping industry is facing challenges due to strong regulations against the use of bunker oil for large ships. Bunker oil is a waste product of traditional fuel oil that is too thick for vehicles and small ships to burn efficiently. Its high sulfur content and difficulty for use in road vehicles makes it a cheaper power source for large ships and power plants.
This research report on the crude oil market analyzes different market segments and major regions. It is a complete study providing detailed information about trend analysis, market growth drivers, factors affecting industry growth, and market projections for the coming years.
Coal plays an important role in power generation all over the world and is one of the main power sources for generation of electricity today and it is expected to remain so for the next 30 years. Demand for coking coal in iron and steel production as well as consumption of steam coal is set to increase in the coming years.
The limited availability of petroleum products and their swelling prices have led to the development of alternative fuels like biodiesel, biogas, and bioethanol. These alternative fuels have a number of advantages over conventional fuels. Biodiesel enhances engine life and unlike petrol, it does not pollute the air. With growing environmental concerns and increasing prices of petroleum, the biodiesel market is set to witness double digit growth in the near future.
The relative low cost and its abundance is prompting many countries to take advantage of coal as the major source for power generation in the coming years.
The growing concern over the increasing carbon emissions has forced global automobile industry to develop advance and better vehicles running on alternative fuels. The factors such as Volatile Oil Prices, Shrinking of Fuel Reserves, Government Support and European Emission Standards are some of the factors driving the hybrid cars market. The report anticipates global hybrid automobile industry will witness a CAGR of more than 20 % over the period of 2012-2018.
As the demand for renewable energy is driving the growth of the wind energy industry globally, avenues such as the offshore market provide an enormous potential for new developments.
As the demand for renewable energy is driving the growth of the wind energy industry globally, driving the demand for wind turbine gearbox’s market. Gearbox is used in a wind turbine with an aim to increase rotational speed from a low-speed rotor to a higher speed electrical generator.
Demand for clean energy has increased multi folds over the years. Governments and environment conscious corporations are driving this sector by increasing solar energy related investments and regulations.
Emission control product demand in the world is expected to increase at a CAGR of 9.1% from 2011 to US$33.2 billion in 2016. Growth will be driven by increase in the production of durable goods (motor vehicles) that consumes emission control products. An improvement in economy will result in manufacturers of emission control products to increase their investments in more advanced emission control technologies to meet regulatory standards of respective country
According to a new report published by Transparency Market Research " Global Direct Drive wind turbines Market (2011-2016): Key trends and opportunities, new Installations and product developments and lower-maintenance requirements Will Drive Market Growth", the global direct drive wind turbine market is estimated to reach US$24.7 billion in 2016 at a CAGR of 15.1 percent from 2011 to 2016.
The report contains an elaborative description of the Global Carbon Capture and Storage technology market. The report casts various developments and plans in respective field across the geographies along with the influential factors for this market. It provides the current market scenario and future market forecasts for major markets.
Building integrated photovoltaics (BIPV) market makes up an important part of current world Photovoltaics market. The global market for BIPV is expected to reach the capacity of 11,392 megawatts by the year 2015 at the compounded annual growth rate of 56%. Among the various segments of this market, BIPV roofing is the largest segments accounting for 3,197 megawatts by year 2015 with the CAGR of 51%. Increase in the demand for energy and rapidly depleting energy sources are creating the need for alternative energy sources.
The petroleum refining catalysts market could be segmented into three major categories: on the basis of types into: isomer forming catalysts, fluid catalytic cracking catalysts, hydrogen producing catalysts, alkyl catalysts, hydrodesulphurization catalysts, H.P.C (hydroprocesssing) catalysts and other catalysts, on the basis of components into: chemicals, zeloites and metals, and on the basis of end users into: chemical industry, refining catalyst industry, petrol refineries, metal industry and others. The market could also be segmented on the basis of geography into: North America, Europe, Asia Pacific and the rest of the world regions.
Different forms of energies are conserved in order to use them at a later stage with the help of devices or some physical media. Major energy storage technologies include lithium ion, flywheel, lead acid, super capacitor, NiCD and NiMH technologies. Among all the geographies Asia is leading followed by North America and Europe. These technologies prevent the collapse of power systems from fluctuations, line changes and fault clearance by acting as a support power system.
Hydro Power accounts for more than 20% of the global electric supply and is one of the largest sources of power generation. Hydro power as an alternate source of energy is gaining popularity globally due to its ability to respond to varying electricity demand, flood control and water management. The major factors driving hydro power market include the increasing demand of energy and overall environmental security.
Lubricants market is set gain traction globally due to its application in various industry segments, such as vehicles, engines, gear boxes, hydraulic systems among others. Among all the regions Asia- Pacific will lead the market followed by Middle East and Africa. The rise in global automobile sector is one of the major factors driving lubricants market.
The world energy market is broadly classified as follows:
1. Non-renewable energy sources such as oil, gas, and coal
2. Renewable energy sources such as wind, solar, ocean, geothermal, biofuels, and biomass
3. Alternate energy resources such as shale gas, nuclear energy, and LED lighting
The energy market has witnessed many challenges in the recent years due to high demand and rise in cost of energy. There is increasing awareness among the developed and developing countries to optimally use the existing energy resources and develop alternate energy sources which can sustain for long. The governments of countries across the globe are providing heavy subsidies, low tariff rates, and schemes to build capacity to store the energy and promote the use of solar and wind-based energy.
Technology has a huge role to play in reducing the cost of alternate energy production and distribution, which is vital for the mankind.
Transparency Market Research provides in-depth analysis of the sector covering global biodiesel market, emerging biofuels market, opportunities in geothermal power, distribution network for the energy, supply–demand analysis, etc.