Categories
Energy News

COVID-19 Impact on Offshore Decommissioning Market – Global Industry Analysis and Forecast 2025

The demand within the global offshore decommissioning market is expected to apex to new heights in the years to follow. Advancements in the marine industry are responsible for the growth of this market. Furthermore, the use of offshore decommissioning to maintain sustained and manageable marine traffic has also aided market growth. Ships and vessels become defunct beyond repair after a point in time, and it becomes necessary to replace them with new vessels. Hence, the domain of offshore decommissioning has emerged as a key area of growth within the marine industry. Furthermore, the seriousness shown by port operators to decommission defunct ships has also driven market demand.

  • Digitalisation of the marine industry has made it easier to understand the workability of ships and vessels. Hence, vessel operators are quick to decide on the need for offshore decommissioning. The total volume of revenues within the offshore decommissioning market is projected to increase alongside improvements in marine services. Companies such as Deloitte offer digital services to convert ports into smart docks.
  • Ships and vessels that start consuming increased amount of fuels need to be reconsidered for sailing. Hence, the need for offshore decommissioning has become an important component of the decision-making process in the marine industry. Several experts have extended their opinions on the ratio of decommissioning that should ideally be followed by vessel operators.

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Environmental concerns related to the use of excessive number of vessels has also driven market demand. Vessel operators are required to decommission functional ships when the number of ships exceeds the permitted figure. Therefore, the global offshore decommissioning market holds bright prospects for growth and investment in the years to follow. Regions with well-established ports are the largest consumers within the offshore decommissioning market.

Decommissioning is the last phase of any offshore oil and gas project. The process of decommissioning involves safe plugging of the wellbore in the earth’s surface and disposal of equipment used in offshore oil and gas production. In the Gulf of Mexico, decommissioning of offshore oil and gas platform has become mandatory for oil and gas operator companies. Decommissioning operation helps maintain safety and sanity of the offshore environment. An offshore decommissioning operation requires 10 steps to be followed for successful completion of the project. These 10 steps are project management; engineering; and planning; permitting and regulatory compliance; platform preparation; well plugging and abandonment; conductor removal; mobilization and demobilization of derrick barges; platform removal; pipeline and power cable decommissioning; materials disposal; and site clearance. Companies operating in the decommissioning market either specialize in one of the aspects or may provide complete services mentioned above.

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The offshore decommissioning market can be segmented into two broader areas: decommissioning services or activities; and application in shallow water, deep water, and ultra-deep water.

The major driver for decommissioning market is strengthen & mandatory legal guidelines for offshore oil and gas operations setup by the regulatory bodies of respective nations. Presence of the aging oil reserves and abandoned wells in matured offshore oil fields across the world is another factor driving the decommissioning market. Major potential risk of oil spill or leakage through these abandoned oil and gas wells may cause ocean water pollution, thereby threatening the marine ecosystem. This poses difficulty in cleaning and recovery of oil spill and then decommissioning the well after any such incident. The cost involved in decommissioning of such disturbed oil wells or platforms is high. Technically, this poses various challenges. Discovery and development of new oil reserves in offshore (mostly deep water) areas around the world is another factor boosting the global offshore decommissioning market. New discoveries of offshore oil deposits such as Liza field in Guyana, Offshore Kutch basin in India, and Tupi offshore oil field in Brazil indicate the future oil production opportunity in these offshore fields, which are likely to require decommissioning services after their abandonment.

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Recent downturn in prices of oil is expected to be a key restraint to not only exploration and development activities of oil and gas but also decommissioning operations. Decrease in oil prices has caused a continued decline in cash inflow and rise or hike in debt levels could challenge the future of oil and gas industry.

The global offshore decommissioning market is expected to expand in the near future. North America is anticipated to be a major region of this market, owing to the presence of the Gulf of Mexico offshore oil reserves in the region. Europe is also estimated to contribute significantly to the offshore decommissioning market, as its North Sea offshore oilfields are & aging. Latin America has significant undeveloped offshore oil reserves in countries such as Venezuela, Brazil, and Guyana. Thus, the region is likely to be an attractive market for offshore decommissioning in the near future. Middle East & Africa has large fossil fuel wealth; thus, the region is expected to be a major contributor to the decommissioning market. The decommissioning market in Asia Pacific is anticipated to expand at a steady pace during the forecast period.

Key players operating in the decommissioning market are Petrofac Limited, Aker Solutions, TechnipFMC plc., Ramboll Group, Deepocean Group Holding B.V., Amec Foster Wheeler, PLC., AF Gruppen, Claxton Engineering Services, Ltd., DNV GL AS, and Allseas.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Energy News

Gas Detection Device Market To Touch US$337.6 Mn by 2025

The South East Asia gas detection device market features a highly consolidated vendor landscape, with the top five vendors collectively holding a massive 87.1% of the market in 2016, observes Transparency Market Research (TMR) in a recent report. These leading vendors, namely Honeywell International, Inc., Drägerwerk AG & Co. KGaA, Riken Keiki Co., Ltd., Mine Safety Appliances, and New Cosmos Electric Co., Ltd., have have been able to establish strong presence in South East Asian countries owing to their well-established distribution networks in the region.

The market is highly competitive and domestic and regional vendors run the benefit of close ties with government bodies. New entrants are expected to have least leeway in the market owing to the stringent regulations put in place by government and industrial bodies. The report also notes that the lack of product differentiation is one of the key challenges for companies operating in the South East Asia gas detection devices market. To make their way through this challenge, leading vendors are focused on the development of products with innovative features such as multiple channels and increased monitoring capacity. An instance is the BW Clip Real Time maintenance-free single gas detector launched by Honeywell International Inc. in March 2016. The device is said to operate continuously and provide real-time display of gas levels for gases such as hydrogen sulfide, carbon monoxide, oxygen, and sulfur dioxide.

Transparency Market Research estimates that the South East Asia gas detection device market will exhibit a promising CAGR of 9.2% during the period from 2017 to 2025, rising from a valuation of US$155.6 mn in 2016 to US$ 337.6 Mn by 2025.

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Thriving Petrochemicals Industry to Provide Massive Growth Opportunities

Of the key areas of application across a number of industries analyzed in the report, the South East Asia gas detection market is gain a large chunk of revenue from applications in the petrochemical industry in the next few years. The petrochemical industry in the region is expected to hold a 20.5% of the overall market in 2017 and continue strong growth over the forecast period as well, exhibiting a promising 8.4% CAGR from 2017 to 2025. However, the automotive and materials industries are expected to lead in terms of rate of growth over the forecast period, hinting towards the vast growth opportunities for players in the market.

In terms of geography, the market in Singapore accounted for a massive 51% of the overall market in 2016. The country continues to lead to strong demand for gas detection devices owing to the stringent workplace safety regulations in place. It is expected to account for a massive share of the South East Asia gas detection market over the forecast period as well.

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Stringent Workplace Safety Norms to Compel Installation of Gas Detection Devices in Industries

Some of the leading factors driving the South East Asia gas detection market are the rising demand for remote monitoring, increased focus on ways of reducing operational expenses, stringent policies and regulations put in place by government bodies to ensure worker safety at workplaces, and the rising demand for reducing facility downtime during turnaround operations. Workplace safety regulations and policies will remain the key driver of growth of the South East Asia gas detection market in the near future.

This analysis of the South East Asia gas detection market is based on a recent market research report by Transparency Market Research, titled “Gas Detection Device Market (Product Type – Fixed and Portable; Device – Detector, Transmitter, and Controller; Application – Mining, Steel Mill, Petro chemical, Construction, Automobile, Material (Fiber, Pulp, Rubber, Glass), Food and Beverage Making and Processing, Electronics, Marine, Utility Services, Government, Security, Medical, and Environment Detection) – South East Asia Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

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For the study, the market has been segmented as follows:

South East Asia Gas Detection Device Market, By Product Type

  • Fixed
  • Portable

South East Asia Gas Detection Device Market, By Device

  • Detector
  • Transmitter
  • Controller

South East Asia Gas Detection Device Market, By Application

  • Mining
    • Coal
    • Others
  • Steel Mill
  • Petro Chemical
    • Crude Oil
    • Oil Refinery
  • Construction
    • Tunnel
    • Subway
    • Others
  • Automobile
  • Material
  • Food & Beverage Processing & Making
  • Electronics
    • Semiconductor
    • Consumer Electronics
  • Marine
    • Ship Builder
    • Ship Owner
    • Ship Chandler
  • Utility Services
    • Electricity
    • Water
    • Gas
    • Tele-communication
  • Government
    • Fire Fighting
    • Police
    • Military
    • Border Control
  • Security
    • Building
    • Others
  • Medical
    • Hospitals and Clinics
    • Others
  • Environment Detection
    • Pollution
    • Others

In addition, the report provides analysis of the South East Asia gas detection device market with respect to the following country segments:

  • Singapore
  • Malaysia
  • Indonesia
  • Thailand
  • Vietnam
  • Myanmar
  • Brunei
  • Philippines
  • Rest of South East Asia
Categories
Energy News

Wireless Power Transmission Market to Reach US$ 20,000 Mn by 2026

The global wireless power transmission market derives significant growth from the usage of wireless power transmission in energy management and efficient transfer of power. It also gains remarkably from the technological advancements and the rise in digitization. The rising awareness about the benefits of wireless power transmission, such as providing clutter-free charging without cable, is fueling its demand substantially. Consumer electronic devices that need charging have become its key end users. Since wireless chargers can determine the amount of power required by every electronic device, avoiding overcharging of batteries, their usage has increased manifolds. Furthermore, as there is no AT&C loss, the loss in electricity is much less in wireless power transmission in comparison with wired power transmission. This factor is likely to fuel the application of wireless power transmission further, boosting the worldwide wireless power transmission market in the years to come, reports the research study.

According to this research report, the opportunity in the global wireless power transmission market will expand at a CAGR of more than 15% over the period from 2018 to 2026. In 2017, the overall valuation of this market was US$4,000 mn. Increasing at this pace, it will reach US$20,000 mn by the end of the forecast period. All these facts and figures points towards a healthy future of the worldwide wireless power transmission markets. However, the infrastructural challenges, especially in developing countries, may limit the growth of the wireless power transmission market in the years to come. The absence of common standards and the high cost of technology may also hamper the growth of the global market, notes the market study.

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Asia Pacific to Emerge as Most Promising Regional Market

In terms of the region, Asia Pacific has been reporting its dominance on global wireless power transmission market. The constant rise in the wireless power transmission in many Asian countries has enabled consumers to have an easy access to electricity even in remote areas. This trend has turned into a catalyst for the shift from traditional power transmission to wireless one. In 2016, Asia Pacific accounted for a share of 40% in the global market. However, North America will overtake Asia Pacific in the near future and hold the most prominent market share. The increasing investments by leading players in the energy sector will drive this regional market over the next few years, reports the research study.

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Leading Players Focus on Developing Distribution Facilities

The global wireless power transmission market displays a highly fragmented and competitive vendor landscape. The competition between Murata Manufacturing Co. Ltd., LG Electronics Inc., Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., and Texas Instruments Inc. demonstrates the competitive scenario in this market. The market is undergoing an influx of new players, which is expected to intensify the competition within this market over the next few years. The key companies are planning to increase their investments for the development of their distribution channels to remain in the competition. Local and small-scale players, on the other hand, are projected to gain through forming strategic alliances with leading technology players across the world in the near future, stated the research report.

The review is based on a report by Transparency Market Research, titled “Wireless Power Transmission Market (Technology – Inductive Coupling, Resonant Inductive Coupling, Capacitive Coupling; Range – Near Field, Far Field; Application – Automobile, Industrial, Consumer Electronics, Health Care) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

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The Global Wireless Power Transmission Market is segmented into:

Technology

  • Inductive Coupling
  • Resonant Inductive Coupling
  • Capacitive Coupling

Range

  • Near Field
  • Far Field

Application

  • Automobile
  • Industrial
  • Consumer Electronics
  • Health Care
Categories
Energy News

Offshore AUV & ROV Market To Touch US$9117.01 Mn by 2025

The global offshore AUV and ROV market will likely reach an evaluation of US$9117.01 mn by 2025-end. The market stood at a merely US$2065.56 mn in 2016. However, promising infrastructure projects like underwater highway project in Norway will likely drive growth at a robust 18.2% CAGR in the near future. Moreover, the consolidate nature of the market also promises new opportunities for emerging players as technological innovation becomes key to new growth opportunities in the global offshore AUV and ROV market.

Among various applications, the AUVs are expected to register robust growth during 2016-2025. The rising demand for marine applications to navigate submerged terrains, and obstructions will drive growth. Moreover, marine applications to build sea-structures for clearing trade routes, construction of sea-structures to navigate rising sea levels, among others. Moreover, among private investment driven sectors, the growth of oil and gas industries and rising sea exploration activity will drive tremendous growth for the global offshore AUV and ROV market.

Among regions, Middle East & Africa promise new growth opportunities. The regional market reached US$ 658.14 mn in 2016. The market is home to large oil companies, and rising investment to explore new natural gas reserves as well as for oil will drive robust growth in the global offshore AUV and ROV market..

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Electric Propulsion Systems Promise New Opportunities for Growth

Based on propulsion system, the market is divided into electric systems, mechanical systems, and hybrid systems. Among these, the electric propulsion systems will witness highest growth during 2016-2025. Low emissions, low fuel usage, and low weight will drive robust growth for the segment. Additionally, the technological advancements in these systems have made way for smaller systems with more scope for improved imaging, while its reliability, and versality has also witnessed tremendous improvements.

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ROV Products Drive New Opportunities with Low Cost Development Options

Based on the produce, the global offshore AUV and SUV market has witnessed a bifurcation of competition with the AUV systems holding the lion’s share conventionally. However, these systems witness a challenge in growth due to their high costs while new applications like creating sea barriers and restoration of wetlands promise smaller opportunities. These new opportunities are likely to be lapped by innovations in ROVs, which are witnessing rising demand thanks to their portable, light weight capacities. The growth of oil and gas exploration will continue to provide new applications for AUV segment among others.

The review presented is based on the findings of a report by TMR, titled “Offshore AUV & ROV Market (Propulsion System – Electric System, Mechanical System, Mechanical System, and Hybrid System; Product – ROV(High Capacity Electric Vehicle, Small Vehicle, Heavy Work-class Vehicle, and Work-class Vehicle) and AUV (Man Portable, Light Weight Vehicle, Heavy Weight Vehicle, and Large Vehicle); Application – Oil & Gas, Commercial, Defense, and Scientific Research)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

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The global offshore AUV and ROV market is segmented as follows:

Offshore AUV & ROV Market: Propulsion System Analysis

  • Electric system
  • Mechanical System
  • Hybrid System
  • Others

Offshore AUV & ROV Market: Product Analysis

  • ROV
    • High Capacity Electric Vehicle
    • Small Vehicle
    • Heavy Work-Class Vehicle
    • Work-Class Vehicle
  • AUV
    • Man Portable
    • Light Weight Vehicle (LWV)
    • Heavy Weight Vehicle (HWV)
    • Large Vehicle

Offshore AUV & ROV Market: Application Analysis

  • Oil & Gas
  • Commercial
  • Defense
  • Scientific Research
  • Others
Categories
News

Covid-19 Impact on Bamboos Market – Global Industry Report, 2030

Bamboos Market: Snapshot

The global bamboos market is witnessing significant growth on account of the increasing number of infrastructural development activities worldwide. Increasing investments on sustainable building and construction sources and the growing awareness among consumers about the uses and benefits of bamboo are the key factors expected to boost the growth of the global bamboos market during the forecast period, 2020-2030.

This report offers a comprehensive analysis of the market with special emphasis on key factors such as drivers, restraints, challenges, and upcoming opportunities. Other factors discussed in the report include current trends, recent innovations, new product launches, and others. The report also discusses the table of segmentation in details and lists the names of leading segment with attributed factors. Furthermore, the report discusses the list of players functioning in the market and the prime strategies adopted by them to gain a competitive edge in the market competition.

The global bamboos market is categorized on the basis of application and region. In terms of application, the global market for bamboos is classified into furniture, shoots, industrial products, and raw materials.

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Bamboos Market: Competitive Landscape

There is an intense competition among players functioning in the global market for bamboos. The key objective is to widen the brand presence and engage in collaborative agreements with paper and pulp industry so as to work together and attract high revenues together. The presence of all size players such as small, medium, and large has resulted in a fragmented nature of market competition. Some of the players functioning in the global bamboo market include Shanghai Tenbro Bamboo Textile Co. Ltd., Moso International B.V., China Bambro Textile Company, Bamboos Australia, Shanghai Tenbro Bamboos Textile, Southern Bamboos, Teragren, EcoPlanet Bamboos, Dasso International Group. Yongyu, Higuera Hardwoods, Anji Tianzhen Bamboos Flooring and Smith & Fong, Bamboos Village Company, Jiangxi Feiyu Industry, Kerala State Bamboos Corporation, Kanger International Berhad, Longtai Bamboos, Dasso Industrial Group, Fujian Juyi, and others.

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Bamboos Market: Recent Developments

Bamboos and rattan are additionally utilized as shoots essentially for restorative purposes. Bamboo shoots offer medical advantages that guide in processing, otherworldly recuperating, advance mental sharpness, and can be utilized to treat wretchedness and respiratory illnesses, among others. Rattan likewise has against malignant growth and mitigating properties.

Bamboos and rattan give a few ecological, monetary, and social advantages to society. Bamboo is a manageable asset that can develop under a scope of climatic conditions, however ideally a heat and humidity. It gives roughly 35% more oxygen and assimilates 40% more carbon dioxide when contrasted with trees, which brings about a significant improvement noticeable all around quality. Further, development of bamboos offer carbon obsession, controls soil disintegration, and cleanses the climate.

Bamboos and rattan are progressively turning into a favored decision over wood as they are simpler to reap, transport, and are generally moderate. They are water-safe commonly and offer high solidness. These advantages bring about the maintainable utilization of bamboos and rattan in applications, for example, furniture, asylum, and workmanship items. Bamboo and rattan are likewise used to deliver flooring, charcoal, mats/screens, and woven items. In this way, a tremendous scope of business applications is foreseen to support the deals of bamboos items and accordingly, drive the market development over the figure time frame.

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Bamboos Market: Regional Insights                     

Bamboos grow mostly in regions with heavy rainfall such as the tropical rainforests. Regionally, the global bamboo market is expected to witness the dominance of Asia Pacific on account of major contributions from Japan, India, China. The Middle East and Africa regions are also in close competition owing to high production of bamboo and rattan from nations such as Cameroon, Nigeria, Ghana, and others. Bamboo cultivation in these under developed nations of Africa provides a means of economic stability and supports the livelihood of the locals, apart from aiding to the regional expansion of the market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Categories
Energy News

Needle Coke Market to reach US$ 5.18 Bn by 2026

According to the new research report by Transparency Market Research, the vendor landscape of the global needle coke market is a highly fragmented one. Because of the presence several leading players operating in the market, the fragmentation of the vendor landscape is high. Some of the leading competitors in the global needle coke market are Indian Oil Corporation Ltd., Baotailong New Material Co. Ltd., Mitsubishi Chemical Corporation, JXTG Holdings Inc., and Phillips 66 among others.

The research report states that the global needle coke market will exhibit a steady CAGR of 4% for the given projection period of 2018 to 2026. With this rate of growth, the market is expected reach the mark of US$5.18 bn by the end of 2026. In addition to this, the coke needle market will attain a valuation of 1.43 million tons in terms of volume sale by the end of the forecast period.

In terms of type of product, the segment of petroleum-based needle coke is projected to emerge as the biggest one. The segment will continue to be the leading contributor in the global market throughout the forecast period. On the other hand, in terms of product grade, the segment of super-premium needle coke will dominate the global market in the near future.

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Increasing Demand from Steel Industry to Propel Market Growth

There are numerous reasons behind the recent growth of the global needle coke market. One of the biggest driving factors for market growth is its extensive use across the manufacturing sector. The demand for needle coke for the production of graphite electrodes is immense. Graphite electrodes are mainly used in steel industries. With the current development rate of the steel market across the globe, it is natural that the needle coke market will benefit from it. In addition to this, there are several other benefits of using needle coke and thus its demand is high from the manufacturing sector. Such factors are thus expected to drive the overall growth of the global market in coming years.

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Asia Pacific to Emerge as Leading Regional Segment

From a geographical perspective, the global needle coke market is divided into five main regional segments viz. Middle East and Africa, Europe, Latin America, Asia Pacific, and North America. The regional segment of Asia Pacific is projected to be the biggest contributor for the development of the global market. Countries such as India and China are experiencing high growth in their respective manufacturing and industrial sectors. This is in turn work in favor of the development of the global needle coke market.

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Market Segmentation is as follows:

Type 

  • Petroleum Derived
  • Coal Tar Pitch Derived

Grade 

  • Intermediate
  • Premium
  • Super Premium

Application 

  • Graphite Electrode
  • Lithium Ion Batteries
  • Others
Categories
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Water Infrastructure Repair Technologies Market Size, Global Trends, Comprehensive Research Study, Development Status and Opportunities Forecasts to 2023

Water Infrastructure Repair Technologies Market: Overview

The world’s water infrastructure is aging and it is in constant need of repair and renovation. This brings companies offering water infrastructure repair technologies into the picture. Utilities grappling with the massive costs of maintaining expansive water networks are constantly seeking technologies that can optimize their pipe networks. Moreover, shrinking freshwater reserves have led to a greater need for better monitoring and repair technologies. These factors are expected to keep up a steady demand for water infrastructure repair technologies in the years ahead.

Water infrastructure repair technologies are composed of products and solutions to help inspect water pipelines, find faults and optimization opportunities, and address them. As utilities across the world move toward smarter ways of managing water supply and billing, water infrastructure repair technologies have had to keep pace. There are several lucrative opportunities that can be tapped in this market. The report notes that some of the most lucrative opportunities in the water infrastructure repair technologies market lie in monitoring and renovation solutions.

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The report offers an extensive overview of the water infrastructure repair technologies market. Relevant market data from 2016 through 2023 is included in the report. The report identifies the key factors influencing the future growth trajectory of the market, its economic drivers, the regulatory scenario, gaps that can be converted into opportunities, and the latest technologies. For a deeper analysis of the factors at play in the global water infrastructure repair technologies market, the report segments the market into smaller segments based on key criteria.

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Water Infrastructure Repair Technologies Market: Key Segments and Trends

The report on the water infrastructure repair technologies market studies the changing demand for different types of products and solutions. The demand for pipe repair and monitoring technologies is seen to be the highest in the market. Spot assessment and repair are the other key technological solutions in demand in the market.

The key product types that comprise the water infrastructure repair technologies market are pipes and connectors, fittings, couplings, valves, adaptors, and flanges. The key challenge faced by vendors of these products is the low level of product differentiation. Despite this challenge, certain global players have successfully established their presence in the market by offering high-quality products that last longer. In recent years, the trend of smart meters and smart water networks has given companies in the water infrastructure repair technologies market an opportunity to differentiate their offerings.

Likewise, the key regional markets studied in the report are North America, Europe, Asia Pacific, and the Rest of the World. The water infrastructure is spread over a wide area in countries such as the U.S. but is in need of repair because it is aging. In the nontraditional markets of Asia Pacific, the Middle East, and Latin America, the need for advanced water infrastructure technologies is higher, as these regions are still dependent on conventional repair techniques.

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Water Infrastructure Repair Technologies Market: Future Opportunities

The advent of smart meters will have a deep impact on the future of the global water infrastructure repair technologies market. However, the digitization of water-related data could also expose it to cybersecurity threats, leading to highly responsive water infrastructure pipeline repair and maintenance services.

Likewise, the demand for water infrastructure repair technologies could also stem from other external events, such as civil unrest and war scenarios. A number of public–private water infrastructure projects are planned in developing countries, where there is a pressing need to supply clean drinking water to the rural population. Companies in the market can potentially benefit from such projects.

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Distribution Voltage Regulator Market Share Forecast To Witness Considerable Growth From 2019 To 2023

A distribution voltage regulator is a step-voltage regulator which is generally used to control the voltage either on the main feeder coming out of the substation or on the laterals of the main feeder. The distribution voltage regulators receive an incoming voltage, which might vary depending on load conditions, and provides a constant output voltage. Distribution voltage regulators are generally of three types- ferroresonant, tap-switching and electronic. Ferroresonant regulators are the earliest form of regulators. They operates in the saturation region of the transformer design for regulating voltage. Ferroresonant regulators are generally used under single phase conditions, primarily for their cost effectiveness and overall high level of protection.

Tap-switching regulators automatically switch taps on the isolation transformer for regulating line voltage. Tap-switching regulators have fast correction time and high efficiency rating. Additionally, they can accommodate higher KVA rated systems into small enclosures. Electronic regulators are often conjointly used with a power transformer as a shield for all types of power problems except power outages. It offers the most stringent regulation among the three types of regulators. In addition, delivers more efficient fault clearing current to breakers further downstream. Electronic regulators are best utilized in industrial setups having motor loads and high inrush devices.

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The increasing demand for power has been the main factor which attributed to the growth of the distribution voltage regulator’s market. Governments across the globe, especially in emerging markets such as India and China among others, are in constant pursuit of upgrading their domestic power networks and developing smart grid infrastructure to meet the increasing demand for electricity. In order to install and upgrade new and existing transmission and distribution (T&D) networks, governments of both developed and developing countries have planned to invest huge amount during the forecast period. Such investments are boosting the global distribution voltage regulator market since voltage fluctuations are required to be stabilized for providing uninterrupted electricity supply. The growth in utility and industrial infrastructure investment has also positively impacted the market. Utility companies are utilizing distribution voltage regulators to increase power demand during off-peak periods apart from meeting the demand for power requirement during peak periods.

However, the requirement of high initial investment for installing distribution voltage regulator is a major restraining factor of this market. Increasing prices of raw materials are also leading to the increase in the price of these equipments. Additionally, lack of uniform standards of distribution voltage regulators is negatively impacting this market. Advancement in regulator technology and also production process can help to overcome the challenges mentioned above. Deploying greater technological advancements can be considered as opportunity for distribution voltage regulator market. By deploying technological advancements, efficiency of distribution voltage regulators in terms of T&D loss reduction can be increased.

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The global distribution voltage regulator market can be segmented, by type, into ferroresonant, tap-switching and electronic. The distribution voltage regulator market can be further segmented, based on end user, into industrial, commercial and residential. Furthermore, the distribution voltage regulator market can be geographically segmented into four broad regions such as North America, Europe, Asia-Pacific (APAC) and the rest of the world.

Some of the key companies leading the distribution voltage regulator market are ABB Ltd. (Switzerland), Belotti Variatori SRL (Italy), Daihen Corporation (Japan), Eaton Corporation Plc. (Ireland), General Electric Co. (US), Howard Industries Inc. (US), J.Schneider Elektrotechnik Gmbh (Germany), Siemens AG (Germany), Toshiba Corporation (Japan) and Utility Systems Technologies (South Africa) among others.

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Impact of COVID-19 on Solar Wind Hybrid System Market to Record Significant Revenue Growth During the Forecast Period 2020-2023

Global Solar Wind Hybrid System Market: Overview

There is no foreseen future without energy. In fact, the dependency on energy is escalating with each new addition to world’s population and urbanization. In this scenario, it becomes imperative to develop and encourage the use of renewable sources of energy and in the recent past, several new technology have emerged that promise to revolutionize the concept of renewable energy. Wind and solar are two of the basic sources of renewable energy production and a hybrid system combining these two is quickly gaining adoption across the world. Not only reliability is enhanced via solar and wind hybrid system, the size of battery storage can be significantly reduced which makes logistics more feasible.

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Based on an analysis of all the factors that may have a say on the global solar wind hybrid system market, this report projects it to expand robustly during the forecast period of 2016 to 2023. The report has been prepared to serve as a credible business document for stakeholders such as solar and wind hybrid module manufacturers, institutional investors, research institutes and companies, national and local governments, and environment research institute. Several companies currently active in the global solar wind hybrid system market have also been profiled in the report, aiming to represent a clear picture of the competitive landscape and latest developments.

Product-wise, the global solar wind hybrid system market can be segmented into grid connected and standalone, while the end-use categories of the market can be residential, industrial, or commercial. Geographically, the report evaluates the potential of the hybrid solar and wind system in several regions including Asia Pacific, Europe, North America, and the Middle East and Africa.

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Global Solar Wind Hybrid Market: Drivers and Restraints

Escalating electricity demand globally is the primary driver of this market, which is also gaining traction from favorable government initiatives in various countries, developed or developing alike. In addition to that, increasing demand for off-grid electricity facilities and growing popularity of clean energy on the back of escalating pollution are two of the other key factors that are expected to keep the global solar wind hybrid market in good stead. On the other hand, heavy initial investment and considerable duration for proper return of investment (ROI) are some of the prominent factors that are challenging the market for these hybrid system from attaining its full potential. Lack of awareness among the developing nations is another hindrance over the global solar and wind hybrid system market.

Product-wise, the segment of standalone hybrid wind solar currently serves the maximum demand, as it is cost-effective. Residential end-use application segment is currently leading over commercial and industrial, owing to the development of smart cities and smart buildings in several emerging economies and the Middle East.

Global Solar Wind Hybrid System Market: Regional Outlook

North America is currently the most profitable region for the players venturing in the hybrid system market, with the U.S. delivering the maximum demand owing to increasing emphasis on renewable energy, supportive government policies, and steps taken to conserve energy. India is expected to drive the demand for solar wind hybrid system from Asia Pacific.

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Companies mentioned in the research report

UNITRON Energy System Pvt. Ltd, ReGen Powertech, Alternate Energy Company, Blue Pacific Solar Product, Inc., Polar Power, Inc, Zenith Solar System, Alpha Windmills, Gamesa, Supernova Technologies Private Limited, and Grupo Dragon are some of the key companies operating in the global solar wind hybrid system market.

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Global Battery Alloys Market (2020-2023) Insights About Factors Affecting The Market Growth

The global battery market worth is worth USD 100 billion and is growing at a rapid pace owing to increasing application of batteries in various industries. Alloy used in batteries are one of the most important components, which sustain the battery functionality. Different kinds of battery require different varieties of battery alloy as per the requirement of the respective applications. Batteries can be broadly classified into primary batteries and secondary batteries. The most common types of battery alloys contain metals such as lead, selenium, calcium, antimony and tin. Alloys are generally used in the battery anodes.

The battery alloys market has been propelled by the growth of battery market across the world. New applications of battery are developed every other day and the technological advancement and reach among the masses have augured well for the battery market and subsequently the battery alloy market.

Battery alloys find most of its demand from the automotive industry. The growth of automotive market in Asia Pacific and the reviving market in North America has fuelled the growth of battery alloy market. Moreover the gradual transformation of petroleum driven car into battery operated vehicles and hybrid vehicles have boosted the battery alloy market. Industrial usage of batteries is the second largest market for battery alloys. Manufacturing industries require extensive battery service for power backup and storage. The grids in these high power batteries are made of alloys such as lead antimony, lead calcium and lead selenium. The high growth of manufacturing sector and the growth of transportation infrastructure are the leading causes for the growth of battery alloy market.

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There is very little threat to the battery alloy market since it is indispensible to the batteries. However some alloys are preferred over the others owing to environmental concerns as well as functionality. Although lead alloys display extremely good characteristics, the use of lead in battery alloys are increasingly discouraged. Lead calcium battery alloy is again preferred over lead antimony due to its higher longevity and performance dynamics.

The major opportunity of the battery alloy market lies in the electric vehicles application. Matured economies of North America and Europe have shifted focus towards electric vehicles in a bid to achieve a sustainable future free of petroleum requirements. According to research about 40% of all cars on road in 2035 will be electrically powered in North America which is one of the largest market for automotives. Asia Pacific region has also initiated the process of promoting hybrid vehicles which is expected to provide tremendous stimulus to the battery alloy market.

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The battery alloy market is dominated by Asia Pacific region. More than 90 % of the market for battery alloys is derived from this region as Asia Pacific acts as the battery supplier to the world. Japan and South Korea used to be the main countries manufacturing batteries. However China has surged ahead in recent times and is the highest growing country in the world in terms of demand and production of battery alloys. North America and Europe account for high demand of batteries which are mostly imported from Asia. The battery alloy market is expected to be dominated by Asia Pacific in the near future as well.

Som of the major companies operating in this market are Mitsubishi Corporation and Furukawa Co.Ltd among many others.

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