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Torquing Tools Market for the Offshore Industry Is Expected To Double Its Market Size In Upcoming Years

Increasing demand for the oil and gas coupled with growing exploration and production activities are the key factors of growth in the offshore industry.

In turn, this drives growth in the torquing tools market. Increase in number of offshore platforms coupled with depleting oil and gas reserves are expected to fuel an additional demand for the torquing tools in the offshore industry. Additional investment is required to balance between the depleting reserves and growing energy demand and further increase efficient extraction of the oil and gas. This factors support growth in the offshore industry.

Continuous technological advancements are observed in the oil and gas industry over the past few years and it has been estimated that torquing tools will be a growing product segment of this industry. Increasing deepwater and ultra-deepwater activities is also likely to propel growth in the torquing tools in the offshore industry. The market players in the oil and gas offshore industry are continually focusing on developing programs to increases productivity, reduce application cost, and improve safety standards for the labor force.

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The global torquing tools market for the offshore industry can be broadly classified into categories: equipments, application, end-user industry, and geography. On the basis of equipments, the torquing tools market can be segmented as electric torque wrenches, pneumatic torque wrenches, hydraulic torque wrenches, hydraulic torque pumps, wind turbine bolt tensioning, and hydraulic bolt tensioners among others. The market segmentation on the basis of application of torquing tools can be done by identifying the application areas of the torquing tools in the offshore industry. The application of torquing tools can include blowout preventer (BOP), pumps, heat exchangers, crackers, reactors, valve covers, pipe flanges, compressor stations, pipelines, wellheads, and mud pumps. On the basis of end-user industry, the torquing tools market for the offshore industry can be segmented as wind energy and oil and gas industry.

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The market for the torquing tools in the offshore industry is likely to grow at moderate rates in the future. The rising energy demand for oil and gas and wind energy sources is one of the strongest drivers of growth in the torquing tools market for the offshore industry. It has been expected that the market players will be investing in sustainable and innovative solutions over the forecast period. Support from universities and research institutes are also likely to impact overall growth of offshore industry in the future. Financial conditions and risks associated largely with offshore industry are likely to have negative impact on the growth of this market. For instance, in spite of its various advantages, wind energy is capital intensive in the investment phase and is dependent on stable conditions for financial supports and investments. This exposes risk to the investors in this technology. Political climate will have a decisive impact on the growth of offshore industry. However, political targets and climate can be one of the major growth drivers in the industry, if they are backed up by favorable conditions. Growth in the offshore industry will drive substantial growth in the adoption rate of the torquing tools. Plethora of growth opportunities exist in the global torquing tools market on account of growing energy demand.

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Regionally, market segmentation can be done by identifying the countries with greater prospects of growth in the future. It is expected that emerging countries will drive growth in the near future. Some of the key players in the torquing tools market for the offshore industry include Clover Tool Company, Forum Energy Technologies (FET), Hytorc Div Unex Corporation, Offshore Bolting LLC., TJ Tools, ITH Bolting Technology, and Underwater Engineering Services Ltd.

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Global Natural Refrigerants Market 2020 | Newest Industry Data, Future Trends and Forecasts to 2023

Natural refrigerants are synthesized through a biochemical processusing natural resources. Growing concern regarding global warming and other environmental issueshas increased the need for natural refrigerants. Natural refrigerants such as ammonia, carbon dioxide, and hydrocarbons are processed from natural resources and are more eco-friendly as compared to conventional refrigerants.On the basis of application, the natural refrigerants market can be segmented into industrial refrigeration, commercial refrigeration, domestic refrigeration, stationary air conditioning refrigerants, and mobile air conditioning refrigerants.The global natural refrigerants market can be bifurcated on the basis of type of product such as ammonia, carbon dioxide, and hydrocarbons.

On a global scale, natural refrigerants are largely consumed for refrigeration and airconditioning purpose.Currently, natural refrigerants available in the market include ammonia, carbon dioxide, and hydrocarbons. Among hydrocarbons, the commonly used refrigerants include iso-butane, propane, and propylene. Natural refrigerants are chieflyemployed in industrial, commercial, and domestic refrigeration systems. Apart from these, natural refrigerants are consumed in mobile air conditioning and stationary air conditioning. In industrial applications, ammonia holds major share among other natural refrigerants due to its higher coefficient of performance (CoP), zero ozone depletion potential (ODP), lower cost,and leakage rate. Major factor restricting growth of the natural refrigerants market is the initial high cost of installation of refrigeration systems.Other challenges faced by HVAC contractors are toxicity and flammability limits that occurdue to use of highly concentrated ammonia in smaller refrigeration systems.

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Carbon dioxide is expected to hold the largest share of the global natural refrigerants market in commercial applications due to ease of handling. Recently, companies have started using ammonia along with carbon dioxide as a refrigerant in industrial applications due to its high performance. Natural refrigerants have low operating cost and are more effective than conventional refrigerants. HVAC manufacturers can focus more on employing these natural refrigerants for improving output performance of the system.

Natural refrigerants are widely used in industrial refrigeration systems for condensing, cooling, and storage of reactive chemicals. In commercial application, natural refrigerants are used insupermarkets and high-end retail outlets for refrigeration of food and beverages, household refrigerators, and other portable cold storage systems. Furthermore, natural refrigerants are employed in domestic split air conditioners and air conditioners in vehicles.

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Growth in the commercial sector and flourishing automotive industry is driving growth of the natural refrigerants market in Europe and North America. Improved standards of living and high disposable income in Asia Pacific are primarily fueling growth of the natural refrigerants market. The hospitality industry is flourishing in the Middle East. This, in turn, is anticipated to boost demand for air conditioners and refrigerating systems.

Some of  the Key players in the global natural refrigerants market includeAirgas, Inc.,The Linde Group, A-Gas International, Hess Corporation, Sinochem, General Utilities, Puyang Zhongwei Fine Chemical Co.Ltd., HyChill, Engas Australasia, Tazzetti SpA, Deepfreeze Refrigerants Inc., and Shandong Yuan Chemical Co., Ltd. Global companies are investing more in R&D activities to develop new substitutes for conventional refrigerants.

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DSP Motor Control market Research Report: Probable Key Development To Be Observed Market States And Outlook Across By 2023

Majority of the successful industrial operations are integral to robust performance of the motors. Particularly AC (alternating current) induction motors are preferred in running several industrial equipments due to their high reliability, robustness, efficiency, and low pricing. However, the controllability of such traditional motors is an issue owing to the deviated performance of the aging components. Thus, a digital signal processing (DSP) unit comes into picture to combat such difficulties in while operating the industrial equipments and enhance their performances.

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The inexpensive analogous components were used to design the usual motor controls. However high temperature conditions and rubbing of the components against each other cause their aging and resulting into hampered performance of the overall motor. Furthermore analog components raise tolerance problems and up gradation of the hardwired. A DSP unit offers an improvement over such analog designs by enabling digital control of the functions performed. Additionally, the digital signal processors offer high speed, regular adjustment of the motor control components, high resolution and sensor-less algorithms to have a precise control on the motors. An accurate control over such equipment allows better output and minimized electromagnetic radiation from the motor.

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The advantages of a DSP motor control are expected to result in its market development in future. An efficient DSP allows accurate control in varying speed range by implying right dimensioning of the power appliance circuits. The DSPs employ enhanced algorithms that reduce harmonics and also the use of filters. Sensor-less algorithms implementation does not require use of speed or position sensors. The inbuilt calculation software in DSPs decreases the number of look-up tables resulting in minimizing the amount of memory use. The reduction in implementation of various components such as position sensors, speed sensors, filters among others minimizes the system cost. The factor intervening with DSP motor control market development is the tough competition from the Field Programmable Gate Array (FPGA) motor control market owing to the increased flexibility offered by FGPA devices.

With increased industrialization activities worldwide, the DSP motor control market is expected to prosper in the forecast period. The North America and Asia Pacific are likely to lead such market emergence in the years to come. The ongoing shale gas production activity in the U.S is going to require motors in their equipment functioning. Hence the DSP motor control market progress is highly assumed in the U.S. In Asia Pacific region, China and India are projected to support such market enhancement. The strengthening manufacturing bases of China and India along with thrust from the governments to ensure energy conservation are likely to be the contributing factors in such market improvement in the coming years. The oil and gas sectors in Middle East and Africa are undergoing transformation owing to the increased oil and gas exploration activities. Thus, the DSP motor control market development is expected to be high in such nations. The DSP motor control market growth in Europe is expected due to the upcoming infrastructure projects in various countries like Turkey and Portuguese.

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The DSP motor control market can be segmented on the basis of DSP type. Fixed point DSPs and floating point DSPs are designed for high performance achievement of the motors. The difference between the two DSPs is of the numeric formats. A fixed DSP uses a minimum of 16 bits to store each value. A floating DSP represents each number with a minimum of 32 bits. Such DSPs can also handle fixed point numbers.

Some of the key players in the DSP motor control market are TECHNOSOFT SA, Data Device Corporation, Moog Aspen Motion Technologies, and Jameco.

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Key Industry Trends Shaping The Smart Grid Communication Node Market In The Coming Years

Smart grid is a modern concept encompassing integration of electricity grid with renewable and non-renewable energy resource, automated control and communication networks. Smart grid aim to improve the efficiency, safety and reliability of the electrical grid. Communication is vital in smart grid infrastructure as most of the operations in smart grid are carried out in real time.

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Communication nodes in smart grids are the redistribution points for communication within the smart grid network. Smart grid communications systems are directly dependent on smart grid networks. For the development of better smart grid infrastructures, a strongand robust communication system is needed. The type and technology for smart grid communication needs to be carefully studied for optimal performance output. Primarily, communication in terms of data, numbers and voice takes place in a smart grid. Communication nodes are installed in smart home appliances, sensors, smart meters, and utility data centers.

The adoption of smart grid communication nodes is increasing rapidly worldwide.The market for smart grid communication nodes has expanded colossally since its inception. North America and Europe have matured smart grid communication nodes markets. Asia Pacific has a huge potential market for smart grid communication nodes and is growing significantly.

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The global smart grid communication nodes market is commonly segmented on the basis of technology and geography. There are primarily two main modes of smart grid communication nodes including wireless and wired (fixed) communication nodes. Wireless communication nodes are more practical and feasible over wired communication nodes. Wired communication nodes needs more infrastructure and thus cover a smaller area as compared to wireless communication nodes. Europe and North America are the matured markets of the smart grid communication nodes. Countries such as the U.S, U.K, Germany and France have the major chunk of the global market share. Asia Pacific is likely to pose one of the lucrative markets for smart grid communication nodes. Japan, South Korea and China are some of the major players in Asia Pacific. Countries such as China and India are likely to witness substantial demand in the foreseeable years and are expanding constantly.

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The rising demand for uninterrupted power supply and streamlining communications between power suppliers and consumers have equally bolstered the demand for smart grid communication nodes.Smart grid communication nodes assist in the reduction of technical and commercial losses. They also abet in the real-time monitoring of systems and communicating the feedback. All these factors have attributed to the overall demand of the smart grid communication nodes market. Operational errors are also reduced due to the usage of communication nodes.

However, high installation costs could impede the growth of smart grid communication nodes market. New technological advancements such as RF mesh, point-to-multipoint,Worldwide Interoperability for Microwave Access (WiMAX), and LTE will further boost the smart grid communication nodes market. Long term profits will also bring new opportunities to the smart grid communication nodes market.

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Some of the key players in the global smart fault detection system for electricity transmission market include ABB Ltd.,ETap Inc., Metrycom Communication Ltd., Osisoft LLC, Southern States LLC, Sensus, Viola Systems, Tropos Networks Inc. and Trilliant Inc.

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Sales Channel In The Electronic Pressure Transmitters and Transducers Market Is Likely To Perform Well Throughout The Forecast

With advancement in industrial and consumer appliances, the markets for electronic pressure transmitters and transducers have grown in last decade. The innovative electronic and mechanical equipment being used in industries are expensive and need high maintenance. In order to prolong the lives of the industrial equipment involving fluid flow, pressure controlling and monitoring of such fluids is of high importance. This factors have acted as driver for the pressure transmitters and transducers’ market.

Pressure is one of the important factors of the fluid-power circuits. A pressure transducer is a device that senses and converts fluid pressures into electric signals. Due to the sensing ability of the device, a pressure transducer is also termed as a pressure sensor. A pressure transducer in connected to a preferred electrical source and exposed to a pressure source. The sensory component of a constant area within the transducer measures the pressure by responding to force applied by the fluid on its area. The applied force deflects the diaphragm used in the transducer. Such deflections, stress, and strains are converted into an output electric signal through various transduction methods. When the resulted signals are transmitted over long distances, they get grossly distorted. Thus, an electronic pressure transmitter is used that prevents such losses or electrical noises to intervene with the output electrical signals. Such device amplifies such output electrical signal by using an electric amplifier. Amplification of the signals compensates for any losses incurred during transmission over long distances.

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Electronic pressure transmitters and transducers’ market can be segmented on the basis of end user industry such as the oil & gas, automotive, semiconductor, aerospace, power, alternative energy, water, HVAC, pneumatics/hydraulics and the process industries. In oil and gas sector, these products are being installed in onshore, offshore, and subsea environments. Pressure equipment are used for hydraulic drilling pressure downhole, rig safety, flow line pressure, additive metering pumps, subsea injection valves, well clean outs, pipeline monitoring, as well as in product such as gas compressor and storage tanks. Well service companies are using pressure equipment for hydraulic fracturing, nitrogen pumping, steam injection and coiled tubing, among others. Power generation is another major sector where these products are being used in gas flow measurements, turbine balancing, steam pressure measurements, and micro-turbines for standby power. The flexibility and technological edge provided by the pressure instruments have made them suitable to be used in industries such as wind, hydrogen, solar, methane, and bio-fuels industry. As the application areas of pressure transmitters and transducers are numerous, the demand in this market is expected to increase in the forecasted period.  However, huge investments are incurred in research and development required to make them at par with the advancing technology used in industries. This act as a major restraint for such electronic equipment’s market.

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The markets for electronic pressure transmitters and transducers are expected to benefit significantly from the matured industrial and commercial markets of North America. The pressure transducers form a key component of the engine of an automobile as it monitors and regulates the oil and coolant pressures during acceleration of the car. Such process helps in achieving suitable speeds when accelerator or brake is pressed. The enhancing automotive sector of Mexico is expected to result in development of the markets for electronic pressure transmitters and transducers. Furthermore the superior technologies of the computer device and mobile phones with touch screen displays also use such pressure transmitters and transducers. The pressure transducer senses and converts the applied pressure by fingers and accordingly produces electrical signals that inform the processor. The U.S is one of the largest markets for such devices. In Asia Pacific region, such markets are projected a high growth in the years to come. The strong manufacturing bases, huge capacity additions, and the increased oil and gas exploration activities of China and India are assumed to demand for pressure transducers and transmitters to guarantee improved performances of such appliances. Thus, the increasing demand for such products tends to push their market evolvement in these nations. The growing offshore production activities in Brazil and Africa are also estimated to demand for the electronic pressure transmitters and transducers. Especially the requirement for the pressure transducers is likely to grow as they help in the estimation of the ocean depth and other marine conditions to make certain that the operating electronic devices are safe.

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The electronic pressure transmitters and transducers markets can be segmented on the basis of the type of pressure measurement done. Absolute pressure sensing and transmitting involves measuring of pressure with respect to the vacuum. The differential pressure transduction and transmission involves pressure measuring and comparing at two different points. Gauge pressure measurement is done by comparing the pressure at a point with the existing atmospheric pressure.

Some of the key players in the electronic pressure transmitters and transducers markets are ABB, SensorONE Ltd., WIKA, Sensata Technologies, Inc., Emerson Electric Co., Yokogawa Electric Corporation, Honeywell International Inc., and Endress+Hauser Consult AG, among others.

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Global Green Technologies Market Regional Analysis, Emerging Trends, Outlook, Growth, Insights And Forecasts to 2023

The report on the global green technologies market provides a descriptive outlook on all the solutions that can be utilized in salvaging the current structure of technologies and move towards more eco-friendly means. It helps visualize a market trajectory intended to create feasible means for market players to follow.

The global green technologies market tackles the growing global concern over the reduction of carbon emission rates and the rise in the world’s temperature. This can be achieved through the introduction of the concepts green buildings, green energy efficiency, green manufacturing, green nanotechnology, clean fuels, efficient recycling, and fuel efficient transportation. The market is expected to play a critical role in balancing the environment.

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The report creates a complete map of the global green technologies market in terms of the key players, providing the competitive landscape in order to guide a user in making the most successful business strategy. The report incorporates macro and micro factors in order to complete this visualization of the global green technologies market. Porter’s Five Force analysis and the SWOT analysis are two of the proven analytical methods conducted by the analysts of the report to provide existing players as well as new entrants the details of the global green technologies market’s value chain.

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Overview of the Global Green Technologies Market

The global green technologies market follows a certain set of goals, mostly oriented with the creation of sustainable tech that does the least harm to the environment. These goals are based on source reduction, which helps create changes in manufacturing as well as consumption patterns to cut back on the generation of waste and pollutants. Another major goal is sustainability, which allows companies to achieve their production goals without compromising on overuse of resources. Other goals include the incorporation of: “cradle to grave” design, which means products created can be used, reused, and reclaimed, innovation. This helps in the development of alternatives to conventional tech that can damage the environment, and viability, which helps manufacturers in product development that supports resource-conservative and eco-friendly means.

Wind and solar energy are at the top of the global green technologies market. Both energy sectors have already made large investments in R&D and have already initiated sustainable ventures in energy generation. In 2014, the global green technologies market witnessed a 14% increase in investments. China played a major role in the global green technologies market in terms of investments, followed by Japan and the U.S.

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Companies mentioned in the research report 

Key players of the global green technologies market are General Electric, Siemens, Nissan, Aleo Solar, Panasonic, Clean Power Investor, Suzlon, Gamesa, Sharp solar, and First Solar. The market has been witnessing an increase in activities in recent times. For instance, Shell Canada, in collaboration with Canadian Geographic, is planning to grant more than US$36,000 each to seven Canadian climate entrepreneurs as a part of the Quest Climate Grant. The grant will be given to the seven candidates with the best green technology concepts.

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Double Hulling of Ships Market Trends, Key Players, Overview, Competitive Breakdown and Regional Forecast by 2023

Double hulling of ships was accepted by all the continents after some major oil spill incidents occurred that took many life and huge investment in corrective measures. The U.S. is one of the major exporters of crude products to many countries in Europe and Asia Pacific. This import-export of crude oil and refined product is only possible by tankers to countries in Asia Pacific region as pipeline transportation is not feasible and this is the longest route globally. Therefore, ships with appropriate construction designs are required for the safe and pollution free transportation. China and Japan are the largest manufacturer of the ships with double hulling design globally.

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Increasing governmental regulations of maritime transportation is the main driving factor for double hulling of ships market. The need of improvements in ship designs for safer transportation of high value products at sea can augment the growth of this market in the forecast period. Increasing pipeline network can pose as a restraint for this market for shorter routes such as transportation from Middle East to India, the U.S. to European countries and others. However, there is no other substitute for ships in longer routes, therefore double hulling of ships market is expected to grow in future with the modest rate.

In the past, crude oil and oil products in cargo tankers were separated from seawater only by a bottom and a side plate that is known as single hulling of ships. This design of ships was not safe for transporting black gold and led shipping and oil & gas industry to disastrous incidents. An effective way to avoid the risk of spilling is to enfold the oil tankers with a second internal plate which is at nearly 1.5 – 2 meters distance from the outer plate. Due to Exxon Valdez disaster in the U.S., oil pollution act of 1990 was passed to reduce the oil spill accidents and reduce the impact of potential future spills. According to this act, the tankers operating in the U.S. water must follow the double hulling in vessel construction design and all single hulling, double sides and double bottom hulling designed ships should be discarded. After the Erika oil spill off, the coast of France, international convention for prevention of pollution from maritime transportation, the International Maritime Organization (IMO) also followed the same double hulled ship design. Double hulling of ships is regarded as the solutions for the problems of transportation of oil without pollution and potential accidents at sea. Double hulled vessels provide more safety than single hulled vessels at sea, provided maintained and operated adequately.

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Double hulling of ships market can be segmented on the basis of types of the tankers carrying crude oil and refined product. These tankers range from coastal tankers to mammoth tankers as ultra large crude carrier (ULCC), very large crude carriers (VLCC), long range crude vessels, Afra-max and Pana-max crude and product vessel. ULCC ranges from 320 – 550 thousands dead-weight (DWT), VLCC ranges from 160 – 320 thousands DWT, and others ranges from less than 160 thousands DWT. Single hulled ships can be converted into double hulled ships with some change in design. This is a complex process, however due to increasing governmental and maritime regulations many shipping companies have adopted this conversion.

Some of the major players in double hulling of ships market are Mitsubishi Heavy Industries Ltd., Samsung Heavy Industries Co., Ltd., Hyundai Heavy Industries Co., Ltd., Imabari Shipbuilding Co., Ltd and Shanghai Waigaoqiao International Trade Co., Ltd.

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Microgrid Market Estimated to Reach US$ 118.8 Bn by 2026

With the constantly rising global population, the need for electrical energy has augmented substantially. End users are increasingly depending on utility grids to manage their power needs. According to a research report by Transparency Market Research (TMR), the existing macrogrids are unable to meet the increasing demand for affordable and consistent power caused by swift urbanization and industrialization. However, microgrids and distributed generation technologies can easily match up to these requirements. Along with this, constant advancements in renewable energy and the surging preference for clean source of energy among consumers are adding greatly to the demand for microgrids.

As per the research report, the opportunity in the global microgrid market, which stood at US$46.92 bn in 2017, will rise at an impressive CAGR of 11.07% during the period of 2018-2026. The total valuation of this market will reach US$118.8 bn by the end of the forecast period. The ecological, technical, economic, and social benefits, that microgrids offer, will continue to aid this market over the next few years. However, operational challenges, added with high initial cost, may restrict the market from growing smoothly in the near future. Nonetheless, the instability of macrogrids in severe climatic conditions offers a plethora of opportunities for microgrid operators across the world, which will balance out the impact of restraints in the long term, notes the market study.

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Demand for Off-Grid Connectivity to Increase

The report assesses the worldwide microgrid market on two main parameters: connectivity and application. Based on the connectivity, this market is classified into grid tied (grid connected) and off grid.

  • Among the two, the grid-tied segment led the global microgrid market in 2017 with an overall share of more than 55%.
  • The demand for off grid connectivity, however, is increasing in developing countries, thanks to its efficiency is bringing power to remote areas as well.
  • With continued advancements in technology, the off-grid connectivity segment will surpass the former in the years to come.

In terms of the application, defence and military, campus and institution, commercial and industrial, community and utility, and remote island have surfaced as the main application categories of microgrids.

  • With more than 38%, remote islands became the most prominent revenue contributor to the global microgrid market in 2017. However, it will lose ground to community and utility in the near future.
  • The governments and businesses in various countries are investing heavily in the grid infrastructure to attain grid stability by the means of microgrids and distributed energy generation. This will increase the stake of the community and utility segment in the global microgrid market.

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Asia Pacific to Remain Seated at Top Position

The report also presents a detailed analysis of the regional distribution of the global microgrid market. It considers North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa as key regional microgrid markets.

  • In 2017, Asia Pacific surfaced as the leading regional microgrid market with a share of more than 40%, globally.
  • The soaring demand for electricity, together with low grid connectivity and electrification rate, especially in rural areas, is boosting the Asia Pacific microgrid market significantly.
  • Going forward,his this regional market will be expanding at a substantial pace over the forecast period, retaining its dominant position.

Key players in this market are General Electric, Siemens AG, S&C Electric Co., Schneider Electric SE, and ABB Group.

The review is based on a report by Transparency Market Research, titled “Microgrid Market (Connectivity – Grid tied (Grid connected), Off grid; Application – Campus and Institution, Community and Utility, Commercial and Industrial, Defense and Military, Remote Island) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

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The global microgrid market has been segmented as follows:

Connectivity  

  • Grid-tied (Grid-connected)
  • Off-grid

Application

  • Campus & Institution
  • Community & Utility
  • Commercial & Industrial
  • Defense & Military
  • Remote Island
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Solar Microinverter and Power Optimizer Market Key Players and Growth Analysis with Forecast | 2024

Global Solar Microinverter and Power Optimizer Market: Overview 

Microinverters and power optimizers, collectively called module-level power electronics (MLPEs), are currently one of the fastest growing market segments in the global solar power generation market. Although centralized or string inverters are still by far the most preferred and deployed choice of technology for rooftop solar panel systems worldwide, the promise of optimal performance and comparatively more power output (an estimated 25% more than conventional PV systems), especially when the PV systems are installed in unevenly shaded or complex regions (e.g. having two or more orientations), are increasing the popularity of MLPEs on a global front. Interestingly, over half of all the residential rooftop solar PV installations in the U.S. had some form of MPLE in 2014.

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Solar microinverters and power optimizers offer similar benefits to solar PV systems but operate in different ways. Both systems are mounted inside solar panels and allow the PV cells to perform optimally when one or more panels in the PV system are shaded. The primary difference between the two is that microinverters directly convert the DC current produced by the solar panels into the AC current that can be utilized by household appliances, while power optimizers are used to tune the performance of the solar panel through maximum power point tracking (MPPT), which essentially is a way to condition the DC current generated by the PV cells before sending it to a central inverter.

Global Solar Microinverter and Power Optimizer Market: Key Trends and Opportunities 

The substantial reduction in costs of microinverters and power optimizers and the continuous research and development efforts of manufacturers aimed at refining the technologies, are some of the key factors that will help the already flourishing market gain momentum over the report’s forecast period.

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Meanwhile, the regulatory scenario pertaining to the safety of solar panel systems is shaping in a way that could change consumer’s perception of microinverters and power optimizers. The National Electric Code (NEC), the preeminent electrical installation code in the United States, has made it mandatory for solar panel arrays to have a rapid shutdown feature, with a switch to the feature near the solar PV setup, in its 2014 version.

Some analysts speculate that the Code will eventually make it mandatory for solar systems to include functionality of shutting off individual panels remotely with the help of a central switch. Some of the largest players in the microinverters and power optimizer industry have already started to monetize this opportunity by incorporating rapid shutdown features in their new product lines.

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As the regulatory framework in other regional markets becomes more wary of the level of safety of solar power systems, similar regulations are projected to be instituted and proactive vendors will benefit from this changing regulatory environment.

Apart from these two opportunities, vendors can also benefit from the rising affordability of energy storage devices for solar power systems. Home batteries running on solar power have the potential of becoming the face of mainstream energy storage systems of the near future.

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Global Solar Microinverter and Power Optimizer Market: Region-wise Outlook 

Of the key regional markets for solar microinverters and power optimizers examined in the report, North America leads the global market, with a dominant share attributed to residential solar PV installations. However, the market may soon witness expansion in other regional markets such as Asia Pacific, as the dropping costs of microinverters and power optimizers seek to lure cost-sensitive regions with untapped growth opportunities.

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Global Solar Microinverter and Power Optimizer Market: Competitive Outlook 

The market is presently dominated by companies such as SolarEdge and Enphase. However, the market’s competitive landscape is rapidly changing, with a rising number of solar PV manufacturers now developing products readily incorporated with microinverters and power optimizers. The market has also begun to see a favorable rise in investments from capital ventures and the entry of well-funded startups. This is rapidly changing the competitive landscape of the global solar microinverters and power optimizers market. a

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Run Of River Power Market Global Briefing

Run of River Power Market – Overview

A run of river power plant is a small hydro power plant harnessing energy from the river water. This hydropower being renewable in nature, small in size, and dependent upon the natural water flow, seems to be a suitable low-impact alternative to the existing large-scale plants.

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A run of river power plant produces hydropower from kinetic energy of the natural flow of a river. A small portion of the river is diverted and led to the power house through a channel or penstock. The flowing water rotates the turbine which in turn rotates the generator coupled to it. This plant can produce substantial power provided there is sufficient water flow and its kinetic energy. The kinetic energy of this flowing water can be increased by having a sufficient pitch. Hence a location having such geographical features is suitable for the power plant to operate efficiently.

There are many advantages of a run of river power plant. A dam is required only if the available head is not enough to produce the power demanded. Existing dams can also be used to meet the dam requirement. Since dam is not necessary for such power plant, flood risks are reduced. Thus negative impact on the environment is less. Flowing river water is source of energy which is converted to electricity.

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It is also environment friendly as it produces no pollution or any particulate matter. It is convenient for use by factories, residential areas and all those whose power requirement is not much. The run of river power is an intermittent source of power. The power produced from such plant is suitable only to meet the peak power loads and not base load. Thus its operation and maintenance cost becomes high.

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The run of river power market has high prospects of development. In North America run of river power projects are expected to perform well due to its high dependency on hydropower in renewable sector. Europe is expected to see gradual development of such run of river power market due to its high concern for the environment and less availability the most economically attractive sites.

But it is also been seen as an important source of energy security among other energy sources to meet for Europe’s future energy requirement. So development but on limited levels are expected in the forecasted period. China in Asia Pacific is the largest producer of hydropower in the world.

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Other major countries expected to contribute to renewables through hydropower are India, Australia, Japan, Thailand, Indonesia, and the Philippines. Hence the run of river power projects can be beneficial in Asia Pacific too. Brazil is the second largest hydropower producer in the world. Thus the rest of the world provides a high scope of run of river power market development

Run of River Power Market: Key Segments 

Market segmentation in run of river power market is dependent upon the water- head availability in the river. A run of river power with pondage is the one where low head is available throughout the year. A pondage is a storage facility to store the water and can be utilized during dry seasons when water head is very low. In meeting the peak power demands of consumers this stored water can be used. Another type of such power plant is a run of river power without a pondage. Due to enough head availability of the water in the river throughout the year.  No storage is required as water availability is enough to produce the required power.

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Run of River Power Market: Key Players

Some of the key players in the run of river power market are China Yangtze Power Co. Ltd., Duke Energy, Ontario Power Generation, and Stat Kraft AS.