Prasad Pande

  • Shape Memory Alloys Market Report Explored In Latest Research 2017 – 2025

    Shape memory alloys can be defined as alloys that get back to their original shape when deformed. These alloys are light weight and are alternatives to conventional actuators such as pneumatic, motor-based, hydraulic systems. Actuators can be defined as materials that can change stiffness, natural frequency, shape, position, and other mechanical properties in response to electromagnetic fields or temperature. The potential uses of shape memory alloys as actuators has broadened the spectrum of various scientific fields. First discovered in 1951, these alloys were publicized after the discovery of the nickel-titanium alloy in 1963. Nickel-titanium alloy or Nitinol is the most successful of all shape memory alloys. Other shape memory alloys include copper-zinc-aluminum, iron-manganese-silicon, and copper-aluminum-nickel alloys. Shape memory alloys have two stable phases: the high temperature phase called austenite, and low temperature phase called martensite. The former is symmetric, while the latter is less symmetric. Phase transformation occurs either mechanically or thermally.

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    Usage of these alloys in diverse applications has made them important and visible to the world. Shape memory alloys are employed in automotive, biomedical, robotics, and aerospace applications. They are also used in numerous other applications in bioengineering fields such as dental wires, reinforcements for arteries and veins, and bones reinforcement. Furthermore, shape memory alloys are employed in fire security and protection systems, anti-scalding protection, and manufacture of golf clubs, helicopter blades, eyeglass frames, tubes, wires, and ribbons. Based on application, the market for shape memory alloys can be segmented into automotive, robotics, aerospace, telecommunication, civil structures, medicine, and others. The medicine segment can be further divided into optometry, orthopedic surgery, dentistry, and others.

    The market for shape memory alloys is anticipated to witness significant growth during the forecast period owing to the large number of applications in various end-user industries. Application of these alloys in safety devices such as anti-scalding and fire sprinklers is expected to boost the market in the near future. Anti-scalding valves made from these alloys can be used in water faucets and shower heads, as they automatically shut off the water flow after a certain temperature. Delay in response time is the primary disadvantage of shape memory alloy based fire sprinklers. The aerospace application segment accounted for significant share of the shape memory alloys market in 2016. It is anticipated to continue its leading position during the forecast period. Shape memory alloys are employed in aerospace applications owing to their beneficial properties such as wear resistance, high mechanical strength, light weight, fatigue resistance, and high elasticity. However, certain factors are estimated to hamper the shape memory alloys market during the forecast period. High cost of these alloys and sensitivity of the material properties during fabrication are the restraining factors of the market.

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    Key players operating in the shape memory alloys market are Fort Wayne Metals, Allegheny Technologies Incorporated, EUROFLEX GmbH, Memry Corporation, and DYNALLOY, Inc.


  • Piezoelectric Energy Harvesting Market To Receive Overwhelming Hike In Revenues By 2023

    The wide ranging application of piezoelectric includes ultrafine focusing of optical assemblies, to drive an ultrasonic nozzle, microbalances, electronic frequency generation, generation of high voltages, production and detection of sound. The various piezoelectric material used to generate electricity from a mechanical stress includes quartz, polyvinylidene fluoride, aluminum nitride, zinc oxide, lead zirconate titanate, barium titanate, tourmaline, gallium orthophosphate, and berlinite among others.

    Piezoelectric energy harvesting is the process which converts mechanical energy to electrical energy, depending upon the amount of stress applied in deforming or compressing the material, the type and amount of deformation of the crystal of the material, and the frequency or speed of vibration or compression to the material.

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    Piezoelectric Energy Harvesting Market: Segmentation

    The market for piezoelectric energy harvesting can be fragmented on the basis of its application and geography to depict an overall market picture. On the basis of application, the market for piezoelectric energy harvesting can be segmented as aerospace, consumer electronics, electronic locks, healthcare, industrial switches, lighters and other electrical, military, pavements, roads, and railroads, pushbutton industrial sensors, remote controls, toys and gadgets, and vehicle sensors.

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    The market for the piezoelectric energy harvesting is expected to grow significantly on account of underlying factors. The primary drivers of growth in the piezoelectric energy harvesting market include the highest reliability, efficiency and power output by size and cost offered by the piezoelectric energy devices harvesters against the alternative energy harvesting technologies.

    Some of the key players in the piezoelectric energy harvesting market include Advanced Cerametrics, Boeing, Honeywell, ITT, Microstrain, Inc., Smart Material Corp., and Tokyo Institute of Technology.


  • High Mobility Semiconductor Materials Market Set For Rapid Growth And Trend, By 2026

    High mobility semiconductors materials possess high conductivity between metals and insulators and contains higher electron and hole mobility, as compared to regular semiconductor materials. High mobility semiconductor materials conductivity can be varied across a range, which makes them popular in electronic device applications such as transistors, solar cells, and light emitting diodes. Silicon is the most commonly used semiconductor material owing to its relatively low cost and easy availability for microelectronic applications.

    Graphene or grapheme-based materials are a highly popular type of high-mobility semiconductor materials due to their exceptional properties. Graphene is made of two equivalent sub-lattices of carbon atoms bonded together with sigma bonds. These materials provide high mobility to semiconductors.

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    High Mobility Semiconductor Materials Market: Trends and Development

    Key players operating in the high mobility semiconductor materials market are carrying out advanced research & development activities in areas such as intelligent memory and storage, power management, sensor and communication systems, distributed computing and networking, bio-Influenced computing and storage , advanced architectures and algorithms, environmental health and safety materials, and next-generation manufacturing paradigm.

    High Mobility Semiconductor Materials Market: Regional Outlook

    Robust expansion of the data processing industry in China, Japan, and South Korea has led to the significant demand for high mobility semiconductor materials market in Asia Pacific. India is also witnessing remarkable rise in data processing. Thus, the demand for high mobility semiconductor materials market in Asia Pacific is likely to increase at a rapid pace, as compared to other regions during the forecast period. North America is estimated to be the second-largest high mobility semiconductor materials market from 2018 to 2026.

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    High Mobility Semiconductor Materials Market: Key Players

    Prominent players operating in the global high mobility semiconductor materials market include KLA-Tencor, ASML Holding, Applied Materials, Lasertech, Hitachi High-Technologies, Nano metrics Incorporated, Rudolph Technologies, Nikon, JEOL, and FEI Company (U.S.).


  • Subsea Valves Market to Witness Steady Growth During the Forecast Period 2016-2024

    The global subsea valves market is primarily fuelled by the rising demand for energy and the soaring count of offshore oil and gas projects. In addition, the increasing demand for subsea valves from the manufacturing and process industry owing to less operating cost and enhanced safety will positively impact the growth of the market for subsea valves. There are a number of efforts taken to enhance water infrastructures in emerging nations. These efforts will also prove favorable for the global subsea valves market.

    This study presents an analysis and forecast for the subsea valves market by covering a number of dynamics such as growth opportunities, trends, challenges, and drivers. The report also employs Porter’s five forces model which presents the competition intensity in the market. The market attractiveness evaluation also forms an integral part of this report within which the application segments have been benchmarked in terms of their general attractiveness, growth rate, and market size.

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    Subsea Valves Market: Trends and Opportunities

    The reduction in onshore reserves and the rising demand for energy globally have pushed the companies dominant in the oil and gas exploration activities to heavily invest in offshore reserves, thus stimulating the subsea valves’ demand globally. In forthcoming years, the rising investment in ultra-deep and deep reserves for meeting the increasing energy demand and for lowering the reliance on onshore reserves will drive the growth of the offshore oil and gas market. The development of the offshore oil and gas market is further poised to bolster the global subsea systems market, indirectly augmenting the market for subsea valves in the coming years. In addition, the introduction of breakthrough technologies in the subsea valves market will stimulate the market development.

    Furthermore, the extensive untapped ultra-deep and deep water reserves are predicted to present key opportunities in the market in the coming years. On the other hand, the soaring cost of subsea valves and the rising stringent policies and rules related with the functioning of subsea systems may impede the growth of the market for subsea valves. In addition, the volatile prices of crude oil makes some of the projects economically impractical, hence posing a negative impact on the development of the overall subsea valves market.

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    Key players Mentioned in the Report are:

    The leading players in the global subsea valves market are Oliver Valves Ltd., BuTech, PetrolValves, DAFRAM S.p.A., Flowserve Corporation, Perar S.p.A, Cameron, Cortec LLC, and L.B. Bentley Ltd., among others.


  • Global Static and Rotating Equipment (Oil and Gas) Market Will Be Worth US$35.8 Billion by 2022

    The global static and rotating equipment market is expected to witness a swift growth on account of the advancements in infrastructure in the oil and gas midstream sector. Moreover, new refineries are being constructed and existing ones are revamped, thus pushing the demand for these equipment further. According to the expert panel of analysts at Transparency Market Research (TMR), the global static and rotating equipment market which stood at US$26.5 bn in 2013, is predicted to scale up to US$35.8 bn by 2022, exhibiting a 3.7% CAGR from 2014 to 2022. The production of oil from unconventional sources is expected to be one of the key factors behind the growth of this market during the forecast period.

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    U.S. Market to Benefit from Shale Gas Boom

    The upstream, downstream, and midstream activities in the oil and gas industry are heavily dependent on the quality and reliability of static and rotating equipment. This is expected to ensure an assured growth of the market. This market’s growth is directly linked to the development of the oil and gas sector. As such, the recent shale gas boom has greatly benefited the static and rotating equipment market in the U.S.

    In addition to the U.S., developing nations such as Argentina and China are also expected to take advantage of the shale gas boom. Moreover, the rapid development of LNG infrastructure in the Middle East and Asia Pacific will create a heightened demand for these equipment. There has been considerable increase of investments in the refining sector of Asia Pacific and the Middle East, which is encouraging the growth of the static and rotating market in these regions.

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    Oil and Gas Static Equipment to Lead in Market

    On the basis of product, the global static and rotating equipment market is broadly classified into oil and gas static equipment and oil and gas rotating equipment. Static oil and gas equipment, which comprise boilers, heat exchangers, air cooled, valves, and shell and tube, is the leading segment, and accounted for 53.79% of the market in 2013. Valves are predicted to have the highest demand within the static equipment segment. Turbines, compressors, and pumps fall under the rotating equipment category.

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    Manufacturers to Aim at Cost Cutting Measures

    The sluggish demand for static and rotating equipment has resulted in pricing pressures for manufacturers. Manufacturers are now focusing on controlling costs by adopting lean management strategies. Manufacturers are also curtailing their expenses on E&P activities. Many manufacturers are instead focusing on building up product quality and differentiating their products through strong brand identification strategies.


  • Connected Mining Market to receive overwhelming hike in Revenues by 2023

    Key segmentations in the global connected mining market are made on the basis of services, solutions provided, and regions. Each segment is described in terms of market statistics and latest user trends and demand values. Consulting, maintenance and support, and systems integration are the key segments in the global connected mining market as per services offered.

    The report offers a high level of comprehensive analytics performed on the latest statistics on the global connected mining market. These analytics are used to gain valuable insights into the market’s future in terms of segment dynamics and predicted opportunities and restraints. The key projections in the global connected mining market have been generated through logical assumptions and proven research methodologies.

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    Overview of the Global Connected Mining Market

    The introduction of advanced technologies and the Internet of Things have drastically improved the scope of functionalities in the global connected mining market. Their inculcation has allowed a large number of smaller businesses to enter the market with relative ease. It has significantly improved the cost-efficiency quotient of connected mining technologies on a global scale. The global connected mining market has thus been able to gain grounds at a rapid rate in terms of demand and implementation.

    Worker safety and efficiency can be maintained at a high level in mining through the use of secure IP networks and multi-service networks. They help ensure optimal operational efficiency in terms of regular operations and can also be maintained at that efficiency for longer durations.

    The incorporation of predictive maintenance in the global connected mining market further adds to the system’s reliability while also keeping maintenance resource costs at a minimum. Onsite costs can be improved by using digital tail monitoring controls while also adding to the safety solutions provided through in-ground sensors and carrying out multiple functions on single screens.

    The global connected mining market is, however, held back by the lack of skilled labor available for operating and managing the advanced equipment. This is more prominent in emerging nations. Despite similar restraining factors, the global connected mining market is expected to show massive growth rates in the U.K., Australia, and the U.S, owing to their strong mining industry infrastructure and the ability to add new technologies with ease.

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    Companies mentioned in the research report

    The leading players in the global connected mining market currently are SAP SE, Hexagon AB, Cisco Systems Inc., Rockwell Automation, Trimble Navigation Ltd., ABB Group, Symbioticware Inc. and IntelleSense.io.


  • Advanced TECH & growth opportunities in Global Hazardous Waste Treatment Market by 2025

    Growth in instances of detection of toxic chemicals in polar ice caps, drinking water supplies, and groundwater sources have shifted the focus of the public and environmental regulatory authorities around the globe on the health and environmental risks from inappropriate disposal methods of hazardous waste into the environment. Accumulation of large quantities of hazardous wastes around the globe is attributed to the rise in hospital waste generation and rapid urbanization in developing countries. Major industries responsible for the production of hazardous wastes globally include pharmaceuticals, petrochemicals, fertilizers, paints & dyes, pesticides, petroleum, asbestos, and inorganic chemicals. Most common toxic materials found in hazardous wastes are cyanides, heavy metals, complex aromatic compounds, pesticides, and others with high toxicity, flammability, reactivity, and corrosiveness. Discharge of hazardous waste in open without treatment results in acidic and alkaline chemical seepage into potable water aquifers and fertile soils. This degrades the quality of the soil and makes fresh water aquifers unusable.

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    Treatment of hazardous wastes can be carried out by converting the harmful waste material into low toxic substrates, which can be further treated through physical, biological, chemical, and thermal processes. This is followed by the dispersal or disposal of the produced residue under manageable and controlled conditions. Technologies used for the treatment of hazardous wastes include filtration, neutralization, chemical precipitation, oxidation & reduction, biological treatment, thermal treatment, and chemical fixation and solidification. The type of technology to be used for treating a particular type of hazardous waste depends on the nature of waste stream, process effectiveness, economics, job flexibility, public exposure, and health & safety practices. The type of hazardous waste is also segregated according to ignitibility, corrosiveness, reactivity, and toxicity of the waste material. Filtration technology for the treatment of hazardous waste comprises the usage of porous medium subjected to a specific pressure gradient to filter out particulates from the waste material. Reverse osmosis and urethane filtration methods can also be employed.

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    Hazardous waste treatment helps lower harmful chemical and biological pollutants from entering into the environment. Additionally, hazardous waste treatment also helps in reducing environmental pollution and also helps in reducing land utilization for dumping of wastes. It also enables to prevent the spreading of diseases. This, in turn, is expected to drive the hazardous waste treatment market. Growth in urban population, increase in industrial waste production, inadequate waste collection measures, and stringent waste management policies are some of the drivers of the hazardous waste treatment market. North America, Europe, and Asia Pacific are the prominent regions of the global hazardous waste treatment market. Asia Pacific is a rapidly growing region of the hazardous waste treatment market owing to the rise in urban population, increase in environmental pollution, rapid industrialisation rate, and implementation of stringent rules for disposal of hazardous waste in the environment in China and India. Currently, North America is the major region of the hazardous waste treatment due to the strict policy implementation, superiority in waste segregation, robust waste collection network, and technological superiority in hazardous waste treatment.

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    Key players operating in the Hazardous waste treatment market are Daniels Sharpsmart Inc., Clean Harbors Inc., Republic Services Inc., Suez Environment SA., and Stericycle Inc.

    About Us

    Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

    Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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  • New Report Shares Details about Global Wind Power Market

    According to Global Wind Energy Council, worldwide wind energy installations were 34-35 GW in 2013. This will be the first time in the decade where global demand for wind power shrinked, mainly because of china and the U.S. In Europe, the U.K. and Germany are likely to propel the market, with growth from countries such as Finland Denmark and Sweden along with eastern European countries such as Turkey and Poland.
    After the two dominating markets such as the U.K. and Germany for offshore wind, China is in the race to quickly wrap up its huge offshore wind farms projects of hundreds of MW in the near future. Although fixed tariff for offshore wind farms is yet to be decided. Offshore market in China is expected to accelerate owing to the rapid growth, once it is done with all the overlapping jurisdictions and regulatory issues.
    The offshore wind market in the U.S. is still testing the frequency of offshore water. In the U.S., Cape Wind project in Massachusetts and the Deep water Block Island project received all the certifications to start both the projects as early as possible. Majorly, the promising offshore wind market is in Japan that has huge potential to tap wind energy. First floating offshore wind farm and floating offshore substation are in the Fukushima region. These projects achieved approval in less than two years from the concerned authorities. It is expected that this year will see more progress owing to the usage of high capacity semisubmersible and floating spars. Commissioning for such projects is planned for next year. Domestic offshore wind operations and Maintenance capabilities along with the strong supply chain network are the key drivers of the Japan’s wind energy market.
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    Strong regulatory support and active participation from financers are important to increase the share of renewable energy investments in developing economies such as India and China. Also, ensuring that the solar and wind industries are taking important lessons from each other experience can help both the markets to grow at a healthy rate in the coming future. By forming a joint venture with financial institutions to develop strong and effective financing policies and mechanisms, government and stakeholders can provide a needed alteration in the wind energy market that can easily provide power in future and can help mitigate worst impacts of climate.
    Financing in wind energy sector is mainly balance sheet financing as credit period from private investors has been extended to the wind power projects on the basis of the balance sheet strength from the developer rather than the creditworthiness of the project. However, with the rise of the new financial policies, financial institutions have started considering non-recourse financing.
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    Some of the key companies in the business of wind power are AWS Truepower, LLC, DNV GL, Blue Sky Energy, Inc., Enercon India Pvt limited, Wind World India limited, GE Wind Energy Limited, Orient Green Power Limited, Indowind Energy Limited, Aban Loyd Chiles Offshore Ltd, Newam Power Company Ltd. and Suzlon Energy among others.

    About Us

    Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

    Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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  • Global Microturbines Market Estimated to Reach US$ 125 Mn by 2025

    The global microturbines market was valued around US$ 60 Mn in 2016 and is anticipated to expand at a CAGR of over 8% from 2017 to 2025, according to a new report by Transparency Market Research (TMR) titled ‘Microturbines Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.’  Microturbines are generally small scale power generators that burn either gaseous or liquid fuel to produce electrical power. The burning of fuel creates high speed rotation of the turbine, which, in turn, rotates an electrical generator for power generation. These turbines are an essential part of distributed generation technology and are primarily used for on-site generation i.e. where the power generation and consumption happens mostly in the same place. These turbines also have great potential for CHP application, which increases their overall efficiency and provides numerous benefits to end-users.

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    Paradigm Shift toward On-Site Energy Generation likely to drive the Market for Microturbines

    Aging power infrastructure and poor grid connectivity in several parts of the world are estimated to increase the need for on-site power generation around the globe. Moreover, the rise in energy prices, increasing oil insecurity, imminent stringent regulations, and the rise in concerns regarding energy consumption and emissions are expected to boost demand for on-site power generation and therefore, the microturbines market. However, high initial capital investment and low fuel-to-electric efficiency are major restraints of the global microturbines market. Microturbines have a lower fuel-to-electric efficiency than substitutes such as reciprocating engines and other types of turbines. Moreover, they consume nearly 35% more fuel per kWh energy produced. An un-recuperated turbine has a fuel-to-electric efficiency of around 15%, while recuperated turbines have slightly higher efficiencies in the range of 25%–30%.

    The advent of new technologies and innovations can further improve the efficiency and cost effectiveness of microturbines. Development of microturbines in remote areas can further mitigate the high cost of grid connection and power transmission network costs, which can lead to much more economical power generation in off-grid areas. Microturbines, in combination with energy storage devices, can help meet demand for power from end-users during peak hours.

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    Above 250 KW and CHP Segments Expected to Lead the Global Microturbines Market during the Forecast Period

    The microturbines market can be segmented based on power rating, application, and end-user. In terms of power rating, the microturbines market can be classified into 12 KW–50 KW, 51 KW–250 KW, and above 250 KW. The above 250 KW segment was a dominant segment, accounting for over 55% market share in 2016 in terms of value. In terms of application, the microturbines market can be divided into CHP and standby power applications. The CHP segment was a prominent segment in 2016, and it is expected to continue its dominance during the forecast period.

    Improvement in Oil & Gas Industry Projected to Fuel the Expansion of the Industrial End-user Segment

    Based on end-user, the Microturbines market can be classified into residential, commercial, and industrial. The industrial end-user segment dominated the global microturbines market with more than 50% market share in 2016, and the trend is expected to continue during the forecast period. Moreover, the segment is anticipated to expand at a significant pace in the near future, primarily due to the recovery in the oil & gas industry, which forms a major component of the industrial end-users using microturbines across the globe. The commercial segment followed the lead of industrial end-user segment during the forecast period.

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    Rise in Demand from Industrial and Commercial End-user Segments in Asia Pacific is anticipated to drive the Microturbines Market in the Region

    In terms of region, the microturbine market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America held a leading share of more than 40% of the global microturbines market in 2016. This can be attributed to the government support and incentives along with stringent environmental regulations for power generation emissions in the region. However, the market in Asia Pacific is expected to expand at a significant pace during the forecast period, primarily due to the rise in power demand in the region, along with the poor grid connectivity. Moreover, bio gas production capacity in the region has increased, which is likely to drive the microturbines market as microturbines can easily operate on fuel gases with a methane content as low as 30%.

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    Monopolistic Microturbines Market with Only One Major Player Dictating Pace of the Market

    The global microturbines market is an organized market. Key players covered in this report are Capstone Turbine Corporation, Bowman, Ansaldo Energia, Flexenergy, Bladon Jets, Brayton Energy, Icrtec, 247solar, TurboTech Precision Engineering Pvt. Ltd., and Aurelia Turbines Oy. The microturbines market has been experiencing continuous product and technology developments by market players. The global microturbines market was dominated primarily by Capstone Turbine Corporation, which held a major market share. The company is focused on providing low-cost energy solutions to its customers and developing new products for CHP and CCHP applications. It also strives to provide the best aftermarket service to its customers.

    About Us

    Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

    Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

     

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  • Global Lubricant Additive Manufacturers Opportunity Assessment Study 2020

    The automotive market has been in top gear in emerging economies, which is driving ancillary markets including that of lubricant additives, reports Transparency Market Research. Moreover, the increasing pressure on developed regions to bring down their carbon footprint has resulted in increasing research and development of efficient cars. This requirement has also percolated to the lubricants markets, encouraging manufacturers to produce lubricants that reduce not only friction but also emissions. This, in turn, has had a positive impact on the lubricants additives market in recent years. Additives such as friction modifiers, viscosity index (VI) improvers, pour point depressants (PPD), corrosion inhibitors (CI), and antioxidants are typically used for the effective functioning of the machines.

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    Analysts predict that the global consumption of lubricant additives will rise to 4,934.61 kilo tons by 2020 from 4,334.54 kilo tons in 2015, as the market expands at a steady CAGR of 2.66% from 2015 to 2020. The rising disposable income of consumers, which is translating into increased spending on passenger vehicles, is expected to boost the demand for lubricant additives in the coming years. Furthermore, initiatives taken by the governments to reduce the fuel consumption quantity of vehicles is also expected to accelerate the demand for high quality of lubricant additives as they enhance the quality of the engine, thereby reducing fuel consumption.

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    Booming Automotive Sector Boosts Demand for Lubricant Additives in Asia Pacific

    The report states that lubricants additives market in North America has plateaued; however, the trend of using quality lubricants to maintain the machinery standards will continue to keep the market going at a steady pace. The Asia Pacific lubricant additives market will witness a rise due to growing disposable incomes that have led increasing automobile purchases. The Asia Pacific lubricants additives market is expected to grow at the fastest CAGR of 3.91% between 2014 and 2020.

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    Some of the key players in the global lubricants additives market are BASF SE, NewMarket Corp., Rhein Chemie Rheinau GmbH, The Lubrizol Corp., Infineum International Ltd., Chevron Oronite Company LLC, Evonik Industries AG, and Chemtura Corp. Companies will focus on product innovation through dedicated research and development in the coming years to build a significant brand equity.


  • Organic Solar Cell Market Predicted to Rise at a Lucrative CAGR throughout 2014 to 2021

    The organic photovoltaic industry is witnessing commercial gains as demand for eco-friendly photovoltaic technology is on the rise. Organic solar cells are advantageous over their conventional counterparts as they can be transformed into different shapes and colors. This makes them the preferred choice for applications that focus on design and flexibility over efficiency. Furthermore, subsidies and tax benefits provided by various governments for the use of renewable energy is augmenting the growth of organic solar cells market. On the other hand, smaller lifespan and low efficiency of organic solar cells are two major factors restraining the growth of this market. In addition, the nascent phase of the photovoltaic industry involves high capital investment for the research and development of new products.

    However, research organizations and companies are striving to develop organic solar cells that have the same attributes as conventional solar cells in terms of efficiency. This is expected to translate into growth opportunities for this market.

    The global market for organic solar cells was valued at US$25.5 mn in 2013 and is estimated to reach a valuation of US$97.4 mn by the end of 2020 expanding at a phenomenal CAGR of 21.20% between 2014 and 2020.

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    Building Integrated Photovoltaic Segment to Register High Demand

    In terms of application, the global market for organic solar cells is segmented into mobile applications, defense or military-based applications, building integrated photovoltaic, and conventional solar applications. Of these, building integrated photovoltaic presently accounts as the leading application segment in the organic solar cells market. The mobile applications of organic solar cells include portable devices such as laptops, solar bags, tablets, and mobiles among others. They are also installed in vehicles to provide power to smaller electrical systems such as music systems. The defense applications of organic solar cells involve their use over the surface of small military equipment.

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    Presence of Key Manufacturers Accounts for Europe’s Lead Position

    In terms of geography, the organic solar cell market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Of these, Europe is the leading regional market for organic solar cells as it is home to some of the top manufacturers of organic solar cells. For instance, companies such as BASF SE and Heliatek GmbH present in Germany are performing exceptionally well in the development or organic solar cells. Additionally, tax subsidies and tax benefits provided by European governments for both manufacturers and consumers of solar power devices are benefitting the growth of this regional market.

    In Asia Pacific, on the other hand, the organic solar cell market is growing to the presence of several key manufacturers of organic solar cells in Japan.

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    Some of the key market participants involved in the manufacture of organic solar cells include Heliatek GmbH, BELECTRIC OPV GmbH, Disa Solar, Mitsubishi Chemical Corporation, Solarmer Energy Inc., Sumitomo Chemical Co. Ltd., and New Energy Technologies Inc.


  • Global Turbines Market to Reach US$191.8 bn by 2020

    The global turbine market was valued at USD 135.68 billion in 2013 and is expected to reach USD 191.87 billion by 2020 at a CAGR of 4.89% from 2014 to 2020. Volumetrically, this accounts to 5,792.97 Gigawatts (GW) in terms of installed turbine capacity in 2013, which may amount to approximately 7,468.84 GW by 2020. Asia Pacific alone accounted for 40.4% of the overall market share in 2013, valued at USD 42.89 billion (2,341.19 GW). The region is expected to reach market capitalization to the tune of USD 68.57 billion (3,499.14 GW), growing at a rate of 5.81% from 2014 to 2020. With a large number of infrastructure and oil field development projects planned across the globe, the demand for steam turbines in the market is anticipated to be dominant till 2020. The demand for turbines is likely to increase significantly owing to the rapidly developing hydrocarbons sector along with various upcoming mega power projects.

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    Generating power is the prime reason behind an increased demand for turbines. A turbine is a piece of equipment designed and built for efficient power generation using a viable source, such as coal and natural gas in fossil sources, and wind and water in renewable ones. The source feed is ignited and the resulting pressure is directed through nozzles to drive the turbine blades, in case of impulse turbines. For reaction turbines, the feed material e.g. air in case of wind turbines and rivers or dams in case of hydropower ones, goes ‘through’ the blades to drive the turbine.

    Currently, governments of nations facing persistent power shortages are taking measures to constantly upgrade their power generation capacity in order to meet the demand from industries and households. Many new power plants that are primarily powered by steam and gas turbines are under the process of being commissioned, while construction of few is currently ongoing. There is also the renewable energy sector, which has gained rapid momentum over the last few years. The world has expressed significant interest in diversifying its energy portfolio and adopting renewable energy technologies in the near future. Presently, the market for turbines includes reputed companies such as Alstom S.A., General Electric Energy, Siemens Energy, Ballard Power Systems Inc., Doosan Fuel Cell America, Inc., Vestas Wind Systems A/S, Sinovel Wind Group Co., Ltd., Goldwind Science & Technology Co., Ltd., and Kirloskar Brothers Limited. Most of these players operate through dealers and distributors (many of which are exclusive to a single company). Product range generally comprises steam, gas, hydro or wind turbines.

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    For a considerable duration of time, steam turbines were the major source of power generation. Over the years as government bodies and the consumers discovered the imperative effects of carbon emissions and global warming, efforts were made to reduce current levels as well as monitor future emission intensity. This led to a global shift in the power generation industry. Power producers alternated coal for natural gas or renewable energy sources, such as solar, wind or hydropower. Even though coal constitutes a major part of the emerging economies’ energy mix, it is expected that coal will slowly fade out over the years.


  • Global Biogas Market to Reach 39,846 KTOE by 2023

    Biogas is a combination of various gases that are generated through anaerobic digestion, fermentation, or other processes. It is primarily generated using waste products from the agricultural industry, sewage or edible waste, plant and industrial waste, and municipal garbage collection. Biogas commonly holds valuable applications as a fuel source intended for space heating, powering vehicles, cooking, and heat and electricity production.

    The popularity ratings of biogas among environment conscious consumers has soared over the years owing to it being a renewable source of energy with only a minor carbon footprint. The overall value and share of the global biogas market within renewable energies is forecast to increase significantly owing to improvements in production technologies as well as possibilities of newer generation techniques that would eventually enable the players to generate biogas at a more efficient level and on a broader regional scale. Currently however, the global biogas market suffers from the lack of sophisticated and efficient technologies and shows high potential for incorporating upgrades.

    The global biogas market is scheduled to expand at a considerable CAGR of 6.56% in terms of volume, within a forecast period from 2015 to 2023. The market recorded 22,488.0 kilo ton of oil equivalent in 2014, which is likely rise up to 39,845.58 KTOE by the end of 2023.

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    Electricity and Heat Considered Foremost Biogas Applications

    The global biogas market so far has its leading applications in the segment of electricity and heat. This collective segment took up over 50% of the in 2014 in terms of value. It is also forecast to show a healthy growth rate in the upcoming years on account of a rising demand for clean energy globally. This includes the introduction of favorable regulatory policies towards greener fuels while reducing the overall global dependence on fossil fuels. Additional factors leading to the growth of the global biogas market and the applications of biogas in electricity and heat generation is the currently volatile nature of pricing and availability of crude oil. In the near future, the number of natural gas vehicles plying on the roads would likely increase, thereby boosting the segment’s market share.

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    The leading players in the global biogas market so far, have included Cryonorm BV, Vanzetti Engineering S.r.l., Swedish Biogas, Air Liquide Advanced Business & Technologies, Scandinavian Biogas Fuels, EnviTec Biogas AG, Wärtsilä Corp., Cryostar SAS, Gasrec Ltd., and Biofrigas Sweden AB.


  • Global Flue Gas Desulphurization Market to be worth US$22.2 bn by 2019

    FGD systems are utilized to extract harmful sulfur dioxide emissions from the flue gas. Flue gas desulfurization assists in lowering SO2 and greenhouse gas emissions. Wet FGD and dry FGD systems are key technologies in the market. Wet FGD systems are high priced as compared to dry FGD systems but have low maintenance and operating cost. Rising stringent environmental regulations and growing global energy demand is expected to drive the market over the coming years. High installation and waste disposal costs are few key challenges faced by the FGD manufacturers. Emergent markets including China, India, and Brazil are some of the key regions that are paving the way for the market growth. The rising regulatory stiffness in these regions is expected to open new market opportunities for the market players in the region.
    Wet and dry FGD systems are two types of FGD systems installed worldwide. Wet FGD systems find applications in coal-fired plants with capacity larger than 300 MW while dry FGD systems perform efficiently in plant lower than 300 MW. Wet FGD systems capture the majority of the market and expected to maintain its dominance in coming years.
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    Chinese FGD market is expected to grow due to rising thermal power generation that is likely to fuel the FGD systems demand in Asia Pacific region. The market comprises of key application segments including new systems and replacement and reagents market. With the increasing number of FGD systems, the demand for reagents to run FGD systems has increased. The market for FGD equipment and components has also increased significantly for replacing old FGD components.
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    Asia Pacific dominated the market in 2012 and accounted for over 55% of the global annual revenue. The inception of FGD technology began in North America and Europe back in the 1960’s hence the market for replacement and reagents application is expected to grow in the region. Asia Pacific is confronted with implementation of impending regulations continuously over the past couple of years; hence several manufacturers (especially coal fired industries) are opting for the retrofitted FGD systems. The U.S. is estimated to dominate the FGD market in North America due to the enactment of numerous regulations including U.S. ARP (Acid Rain Program). Canada is estimated to be the second dominant region in North America. Implementation of EU NEC (European Union National Emission Ceilings) in Europe helped in reducing the SO2 levels in the atmosphere. EU NEC recently in 2011 revised the ceiling level for sulfur dioxide with a view to reducing harmful emissions and assist in reducing global warming.
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    The FGD systems market is mainly concentrated, with few leading players holding majority of the market share. Some of the leading players such as Alstom, Mitsubishi Heavy Industries (MHI), Babcock and Wilcox have sustained their positions by expanding globally and providing turnkey integrated solutions to their consumers. Alstom was the largest manufacturer in 2012 and accounted for over 20% of the market share by annual revenue and installed capacity. MHI and Babcock and Wilcox were the next largest companies in the market, together, accounting for over 30% of the market share in 2012. The other key players in the FGD market include Thermax, Hamon, Siemens, and China BoQi. MHI is one of the renowned companies that continuously focuses on new product development strategy. As a result new advanced FGD system is one of the outcomes of their continuous innovations over the years. AFGD system has an increased efficiency of 99.5%.

  • Global Flue Gas Desulphurization Market to be worth US$22.2 bn by 2019

    FGD systems are utilized to extract harmful sulfur dioxide emissions from the flue gas. Flue gas desulfurization assists in lowering SO2 and greenhouse gas emissions. Wet FGD and dry FGD systems are key technologies in the market. Wet FGD systems are high priced as compared to dry FGD systems but have low maintenance and operating cost. Rising stringent environmental regulations and growing global energy demand is expected to drive the market over the coming years. High installation and waste disposal costs are few key challenges faced by the FGD manufacturers. Emergent markets including China, India, and Brazil are some of the key regions that are paving the way for the market growth. The rising regulatory stiffness in these regions is expected to open new market opportunities for the market players in the region.
    Wet and dry FGD systems are two types of FGD systems installed worldwide. Wet FGD systems find applications in coal-fired plants with capacity larger than 300 MW while dry FGD systems perform efficiently in plant lower than 300 MW. Wet FGD systems capture the majority of the market and expected to maintain its dominance in coming years.
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    Chinese FGD market is expected to grow due to rising thermal power generation that is likely to fuel the FGD systems demand in Asia Pacific region. The market comprises of key application segments including new systems and replacement and reagents market. With the increasing number of FGD systems, the demand for reagents to run FGD systems has increased. The market for FGD equipment and components has also increased significantly for replacing old FGD components.
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    Asia Pacific dominated the market in 2012 and accounted for over 55% of the global annual revenue. The inception of FGD technology began in North America and Europe back in the 1960’s hence the market for replacement and reagents application is expected to grow in the region. Asia Pacific is confronted with implementation of impending regulations continuously over the past couple of years; hence several manufacturers (especially coal fired industries) are opting for the retrofitted FGD systems. The U.S. is estimated to dominate the FGD market in North America due to the enactment of numerous regulations including U.S. ARP (Acid Rain Program). Canada is estimated to be the second dominant region in North America. Implementation of EU NEC (European Union National Emission Ceilings) in Europe helped in reducing the SO2 levels in the atmosphere. EU NEC recently in 2011 revised the ceiling level for sulfur dioxide with a view to reducing harmful emissions and assist in reducing global warming.
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    The FGD systems market is mainly concentrated, with few leading players holding majority of the market share. Some of the leading players such as Alstom, Mitsubishi Heavy Industries (MHI), Babcock and Wilcox have sustained their positions by expanding globally and providing turnkey integrated solutions to their consumers. Alstom was the largest manufacturer in 2012 and accounted for over 20% of the market share by annual revenue and installed capacity. MHI and Babcock and Wilcox were the next largest companies in the market, together, accounting for over 30% of the market share in 2012. The other key players in the FGD market include Thermax, Hamon, Siemens, and China BoQi. MHI is one of the renowned companies that continuously focuses on new product development strategy. As a result new advanced FGD system is one of the outcomes of their continuous innovations over the years. AFGD system has an increased efficiency of 99.5%.

  • Membrane Bioreactor (MBR) Systems Market Driven by Demand for Clean and Fresh Water

    Membrane bioreactor (MBR) systems are abundantly used in the treatment of various wastewaters. These systems have replaced conventional activated sludge (CAS) processes and gained wide popularity for biological forms of wastewater treatments, where the quality of effluents is of utmost significance. The rising concern of reducing freshwater quality world over and the demand for removing harmful organic contaminants in wastewater are the key trends have increasingly boosting the membrane bioreactor systems market. Technology advancements have improved configurations and hydraulics of MBR systems and enhanced their overall capability. The growing adoption of automated technologies is a notable development favorably impacting the market. In recent years, the use of MBR systems in municipal wastewater has gained prominence in several countries. Developments in membrane filtration technology are further expected to bode well for the MBR systems market.

    Expanding at a CAGR of 14.5% from 2013 to 2019, the market global membrane bioreactor systems market is anticipated to reach a value of US$2,506.1 million by the end of the forecast period.

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    On the basis of configuration of MBR systems, the market is segmented into side stream and submerged. Of these, submerged MBRs are expected to witness impressive growth as they are efficient in treating polymeric industrial wastewater. Based on application, the membrane bioreactor systems market is segmented into municipal wastewater and industrial wastewater. MBR systems are witnessing robust uptake in the treatment of municipal wastewater owing to their low footprint and enhanced capabilities in treating wastewater for large populations. In terms of volume, the municipal wastewater treatment application segment is expected to rise at a CAGR of 21.7% during the forecast period.

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    Based on geography, the membrane bioreactor systems market is segmented into Asia Pacific, Europe, North America, and RoW (Rest of the World). Among these, Asia Pacific dominates the global market and accounted for a major global revenue in 2016. The growth of this regional market is fueled by the extensive demand for municipal wastewater treatments in countries such as China. The government of China is making substantial investments in urban sewage treatment plants considered a crucial part of its national environmental protection plans. This has spurred the demand for MBR systems in China, thereby accentuating the regional market growth. The swift pace on industrialization in China and other emerging nations in Asia Pacific is expected to further boost the regional market.

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    The Asia Pacific market for MBR systems is expected to be followed by the Europe and North America markets. The growth of these regional markets will be mainly driven by the increasing demand for replacement of filters and membranes in MBR systems. Mexico, once a niche regional market, has now emerged as the country with substantial demand for MBR systems. Numerous regulatory interventions and significant subsidy by the government is likely to propel the demand for MBR systems through the forecast period.


  • Global Propane Market Projected to Rise to US$145.82 bn by 2022

    Propane is a gas that is extracted from crude oil through stabilization process using fractional distillation. It is used by the residential, commercial, transportation, industrial, and chemical & refinery sectors. Propane is also one of the green fuels as it burns clearly and efficiently without any harmful emissions. Growing energy demand of a country is fulfilled through propane imports.

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    The propane market is segmented on the basis of application and geography. In terms of application, propane can be further classified into residential, commercial, industrial, agricultural, chemical & refinery, and transportation segments. The residential segment is expected to dominate the overall propane market between 2014 and 2022. The residential sector chiefly comprises housing societies, multi-family housing, and planned communities. Propane has a higher market share in residential applications as compared to commercial and industrial sectors. The commercial sector mainly involves educational institutions, restaurants and showrooms. Industrial applications involve welding and space heating. The commercial sector is one of the diverse markets with a wide range of end-users and customer types than others sectors. Demand for propane for space heating in commercial applications is seasonal and fluctuates with rise and fall in the temperature in various regions. The utility of propane is also rising in schools and fast-food restaurants, etc. Furthermore, propane is used to generate power in commercial buildings.

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    The global market for propane has been segmented into five regions: North America, Latin America, Asia Pacific, Europe, and Middle East and Africa. North America has been further sub-segmented into the U.S., Mexico and Canada. A similar approach has been taken for Asia Pacific, wherein the region has been sub-segmented into China, India, Japan and the Rest of Asia Pacific. The industrial and chemical & refinery segments are expected to drive the demand for propane in Asia Pacific. As the economies in Western Europe emerge from the downturn, improved growth is expected in the region’s automotive industry. The transportation and power generation sectors are expected to contribute significantly to the growing demand for propane in North America in the near future. The petrochemical industry alternatively switches over to other commodities, when the price of propane is too high. Propane demand commonly exhibits seasonal patterns ‒ rising during the summer, when its price is low, and falling during the winter, when its price is high. Petrochemical demand is also regional due to the high concentration of petrochemical plants in the Gulf Coast of the U.S. and Asia Pacific.

    Some of the drivers of the propane market include stringent environment regulations, usage in marine industry as clean fuel, and focus on decreasing reliance on conventional gas sources. Emerging economies such as China and India with increased industrialization and lucrative petrochemical industry is anticipated to boost the propane market in the next few years. Limited awareness of benefits of propane as a clean fuel is expected to restrain the overall market growth. Usage of propane in power plants is likely to provide opportunities for the market in the near future.

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    Some of the global players in the propane market include Ferrellgas Partners, L.P., Lykins Energy Solutions, Marsh LP Gas Company Inc., Suburban Propane Partners, L.P., ThompsonGas and Sparlingss Propane Co. Ltd.


  • Hydrogen Generator Market Revenue is anticipated to reach US$ 1,255.76 Mn by 2024

    Hydrogen generators are majorly divided into two segments by product type: on-site generation and portable hydrogen generators. An on-site hydrogen generator is a unit installed directly at a consumer site to produce hydrogen. Technology pertaining to on-site hydrogen generator varies with the choice of feedstock. Portable hydrogen generators are small-sized hydrogen generators widely used to charge electronic devices and as a power backup system. Hydrogen is generated at 13.8 bar/200 psi pressure without a compressor with a purity of 99.9995% constantly and without operator intervention. Hydrogen generators provide reliable and low-cost hydrogen and increase security and safety by eliminating cylinder handling, hydrogen storage, and routine hydrogen delivery.

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    Steam reformer and electrolysis are some of the major process type used to produce hydrogen. Additionally, steam reformer is one of the most dominant technology employed in large-scale hydrogen production using natural gas, naphtha, kerosene, or LPG as a feedstock. Hydrogen generators are used majorly in the residential, commercial, military, industrial, and other sectors. Due to cost-effectiveness of these generation units, customers prefer purchasing on-site hydrogen generator over purchasing hydrogen.

    Growth in the hydrogen generator market is driven by the need for adoption of cleaner fuel sources, high electricity demand, excess depletion of fossil fuels and stringent regulatory norms to minimize carbon emissions. Rapid rise in the industrial application of hydrogen gas is expected to boost the demand for hydrogen generators globally. However, distribution and transportation challenges associated with hydrogen coupled with the high cost of hydrogen as against fossil fuels may restrain growth of the hydrogen generator market.

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    The hydrogen generator market has been segmented in terms of product type, process type, application, capacity, and geography. By product type, the hydrogen generator market has been segmented into on-site generation and portable. By process type, the market has been segmented into steam reformer, electrolysis, and others. By application, the market has been segmented into chemical processing, fuel cells, petroleum recovery, refining, and others. By capacity the market has been segmented into 1-100 W, 100-300 W, 300-700W, 700W-1 KW, 1-3KW, and 3KW and above. On-site generation product type held the largest share (72.86%) in 2015. By process type, steam reformer held the largest share i.e. (89.53% and 89.24%) for on-site and portable hydrogen generators respectively in 2015. By application, chemical processing held the largest market share (57.81%) in 2015, whereas, by capacity, 3KW and above held the largest market share (38.69%) in 2015. In terms of geography, the hydrogen generator market has been segmented into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America, held the largest market share (38.67%) followed by Europe (36.12%) in 2015.

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    Hydrogen production through steam reformer, which employs natural gas as a feedstock is the most cost-effective method for delivering hydrogen to consumers. Requirement of increased productivity of hydrogen and demand for higher quality hydrogen generators are some of the factors that are driving the hydrogen generator market. Furthermore, these factors are expected to boost the preference for on-site generation over hydrogen cylinders or hydrogen plants. Key players in the on-site hydrogen generator market include Air Liquide S.A., Air Products and Chemicals, Inc., Epoch Energy Technology Corporation, Hy9 Corporation, Hydrogenics Corporation, Idroenergy S.R.L., Linde AG, McPhy Energy S.A., Proton OnSite, Inc., and Praxair Technology, Inc


  • MEA Solar Tracker Market to Register Remarkable 31.9% CAGR by 2019

     

    The growing use of renewable sources of energy as a means of generating power is one of the primary reasons behind the growth of the solar tracker market in the Middle East and Africa (MEA), states Transparency Market Research in its report, titled “Solar Tracker – Middle East and Africa (MEA) Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2019”.According to the report, the MEA solar tracker market is forecast to grow from US$58.7 million in 2012 to a whopping US$308.7 million by 2019, registering an impressive CAGR of 31.9% from 2013 to 2019.The MEA solar tracker market is driven by a surge in demand for energy, fluctuating prices of fuel oil, demand for high-efficiency solar cells, and favorable government feed-in-tariffs, energy programs, and incentive schemes. On the flip side, harsh weather conditions in some regions and capital-intensity of the technology have worked against the solar tracker market in MEA.The research report segments the overall solar tracker market in MEA on the basis of four parameters: Product, application, technology, and geography. Insights into each of these segments, along with market size and forecasts, have been provided in the report.

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    On the basis of product, the solar tracker market in MEA is bifurcated into single axis solar trackers and dual axis solar trackers. Lower cost and simplicity have not only allowed single axis solar trackers to sustain themselves as the dominating product segment all these years, but market analysts predict that this segment will continue its leading streak through 2019. High maintenance cost of dual axis solar trackers has restricted its demand. Solar trackers have two main applications: utility and non-utility, of which the utility segment holds the largest share. By technology, the MEA solar tracker market is divided into solar photovoltaics (PV), concentrated photovoltaics (CVP), and concentrating solar power (CSP). While solar PV dominated the overall solar tracker market in 2012, CSP is likely to overtake this segment by the end of 2019.

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    The MEA solar tracker market covers three chief countries – the UAE, Saudi Arabia, and South Africa. Accounting for a share of over 80% of the MEA solar tracker market, the UAE was the largest revenue generator in 2012. South Africa has been identified as a lucrative market for solar trackers, given the unrealized potential the country possesses in terms of renewable energy sources. However, the growth in this region might be restricted due to lack of research and development activities and adequate investments.Saudi Arabia, though still an emerging market, is expected to pick up pace over the next few years thanks to several renewable programs from the government. Increasing competition across the value chain has resulted in the declining cost of solar PV. This, backed by growing popularity of solar trackers across the MEA, is anticipated to fuel demand by 2019.Soitec SA, Amonix Inc., Mecasolar, BrightSource Energy Inc., SunEdison, SunPower Corporation, First Solar, and Yingli Solar are some of the prominent players competing for the top spot in the MEA solar tracker market.

    About Us

    Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

    Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

     

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  • Global FPSO Market to Exhibit 16.20% CAGR 2015-2021

    According to the report, the global floating, production, storage, and offloading (FPSO) market is expected to expand at an impressive CAGR of 16.20% from 2015 to 2021, rising from a valuation of US$15.8 bn in 2014 to US$43.3 bn by 2021.

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    The vast rise in offshore exploration activities, especially across mature oil and gas reserves across regions such as North America and Europe have led to promising growth avenues for companies operating in the global floating, production, storage, and offloading (FPSO) market in the recent years. The rising set of growth opportunities has brought in several players in the market, making it competitive, observes Transparency Market Research in a recent report. Some of the leading companies in the market are Bumi Armada Berhad, SBM Offshore N.V. Bluewater Energy Services B.V., Teekay Corporation, and Hyundai Heavy Industries Co., Ltd.

    Americas to Witness Robust Growth in Coming Years

    In 2015, the combined America market (North America and Latin America) dominated the worldwide FPSO market and is anticipated to maintain the lead through 2021, fueled by the development of new oilfields in the region and the surge in investments in the exploration of offshore oilfields in Brazil. Africa is projected to witness strong growth over the next five years thanks to the rising demand for the installation of floating, production, storage, and offloading units in the fields of Ghana, Angola, Guinea, and Nigeria. On the basis of type, the segment of converted FPSO held the dominant share in the overall market in 2014.

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    Owing to its capital intensive nature, the global FPSO market is constantly in need for vast financing and high initial investments for the construction of new FPSO units. However, the cost of the conversion of a surplus aging hull or oil tanker can turn out to be a mere half of the estimated cost required for setting up a new FPSO unit. The total investment in a FPSO unit also includes costs related to deployment, testing, and operation.

    About Us

    Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

    Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

     

    Contact

    Transparency Market Research

    90 State Street, Suite 700

    Albany, NY 12207

    Tel: +1-518-618-1030

    USA - Canada Toll Free: 866-552-3453

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