Electric Traction Motor Market to Witness A Phenomenal Growth by 2025

The electric traction motor market is expected to grow from an estimated market size of USD 14.2 billion in 2020 to USD 36.6 billion by 2025, at a CAGR of 20.9% during the forecast period. The market is set to witness growth, due to the increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector.

The AC segment is expected to hold the largest share of the electric traction motor market, by type, during the forecast period

The AC electric traction motor segment is expected to be the largest market for electric traction motors during the forecast period. The market is witnessing the replacement of DC electric traction motors with AC electric traction motors as a result of advantages such as higher reliability and efficiency and are expected to drive the AC electric traction motor segment of the electric traction motor market.

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Below 200 kW is expected to be the largest segment in the electric traction motor market, by power rating, in 2020

The below 200 kW segment dominated the electric traction motor market during the forecast period. The large share of this segment can mainly be attributed to the extensive use of below 200 kW power rated motors in electric vehicles and light rail transit vehicles, which is expected to grow at a faster pace in the coming years. The widespread installation of these motors in plug-in hybrid cars, hybrid cars, and battery-electric cars, which are all experiencing high sales growth in China, Norway, the UK, France, and Japan, is further driving the segment.

This research report categorizes the electric traction motor market by type, power rating, application, and region.

By Type

• AC
• DC

By Power Rating

• Below 200 kW
• 200-400 kW
• Above 400 kW

By Application

• Railways
• Electric Vehicle
• Others

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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Asia Pacific: Expected to be the leading market for electric traction motors during the forecast period

Asia Pacific is expected to dominate the global electric traction motor market from 2020 to 2025. Rising investments in electric vehicles and the growing metro rail network in the region are likely to drive the demand for electric traction motors in Asia Pacific.

To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the electric traction motor market. ABB (Switzerland), CG Power and Industrial Solutions (India), CRRC (China), GE (US), and Siemens (Germany) are some of the leading players in the electric traction motor market. They are trying to understand the markets in developing economies and are adopting various strategies to increase their market share. Other dominant players in this market include Toshiba, VEM Group, Nidec, Robert Bosch, Traktionssysteme, AMETEK, Škoda, Voith, American Traction Systems, Eaton, Hyundai Rotem, WEG, Mitsubishi, Kawasaki, Lynch, Johnson Electric, Wabtec, Prodrive, Hitachi, Magna.

The global Hydrogen Energy Storage Industry is Expected to Reach $18.2 billion by 2024

The global hydrogen energy storage market is projected to reach USD 18.2 billion by 2024 from an estimated USD 13.7 billion in 2019, at a CAGR of 5.8% during the forecast period. Increase in demand for hydrogen in the chemical industry and market for hydrogen in stationary and portable power are driving the growth of the global industry.

Gas segment is expected to lead the hydrogen energy storage market by state

The Gas segment is expected to lead the hydrogen energy storage market as there are multiple cost-effective methods available to store hydrogen as a gas via compression. The growth of gas segment is because of the easy available plans to produce and store hydrogen in the gaseous form.

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Compression segment is expected to capture the significant share of the hydrogen energy storage market by storage technology

Compressed hydrogen gas can be stored using various storage tanks such as low-pressure tanks, pressurized tanks, and underground storage. In the case of the underground room, hydrogen gas is injected and compressed in an underground salt cavern. Compressed hydrogen gas storage is the simplest solution because only compressor and a pressure vessel equipment is required to store it which is the reason for its increasing demand in the hydrogen energy storage market globally.

This research report categorizes the hydrogen energy storage market by state, storage technology, capacity, end-user, and region.

The hydrogen energy storage market, by state, has been segmented as follows:

• Liquid
• Gas
• Solid

The hydrogen energy storage market, by storage technology, has been segmented as follows:

• Compression
• Liquefaction
• Material Based

The hydrogen energy storage market, by end-user, has been segmented as follows:

• Industrial
• Commercial
• Utilities

The hydrogen energy storage market, by region, has been segmented as follows:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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Utilities are the leading end-users of hydrogen energy storagesand are expected to lead the market throughout the forecast period

Hydrogen energy storage market has been categorized, based on end-user into industrial, commercial, and utilities. Utilities are expected to be the fastest-growing as the demand for power generation increases,  using renewable energy sources is likely to generate the need for hydrogen energy storage in the utility segment.

North America is expected to dominate the global hydrogen energy storage market

Increasing use of hydrogen gas in oil refineries and chemical industry as well as growing demand for hydrogen-powered fuel cells is likely to drive the hydrogen energy storage market in North America. Furthermore, the growth in this region is also attributed to the rise in fuel cell applications, tight regulations with regard to emission control, and the use of cleaner fuels. Policies are also being framed to research and encourage the usage of clean fuels such as hydrogen for various energy needs.

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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players, such as Hydrogenics(Canada), ITM Power(UK), Hexagon Composites(Norway), Worthington Industries(US), Linde(UK), Nel Hydrogen(Norway), Plug Power(US), Chart Industries(US), Air Liquide(France), Air Products and Chemicals(US) and Hydrogenious(Germany) along with other prominent manufacturers of hydrogen energy storage.

Combined Heat & Power Market 2018: key players, growth and demand drivers to 2023

​The global Combined Heat & Power Market is estimated to reach USD 20.69 Billion in 2018 and is projected to reach USD 27.01 Billion by 2023, at a CAGR of 5.48%, during the forecast period. The market is set to grow due to the increasing demand for energy efficiency and government incentives and programs to promote CHP.

The Above 300 MW segment is expected to hold the largest share of the combined heat & power market, by capacity, during the forecast period.

The Above 300 MW segment consists of large coal, nuclear, or natural gas fired power plants, with gas turbines and steam turbines as the prime movers. The segment caters mainly to the utilities, district heating & cooling end-users. The segment is expected to be driven by the rising adoption of natural gas fired power generation in the Asia Pacific region, particularly in China and South Korea. The phasing out of coal-based power generation has given rise to large-scale natural gas-fired cogeneration plants. The rapid demand for heat and steam in industries and requirement of municipal district heating & cooling is driving the growth in this segment. The shale gas boom in North America is another driving factor for growth in this segment, with utility-scale natural gas fired power plants being set up in the region.

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The utilities, district heating & cooling segment is expected to dominate the combined heat & power market, by end-user, in 2018.

The utilities, district heating & cooling segment refers to the supply of thermal energy generated at a central facility for applications such as space heating or water heating, steam provision throughout a city or district, and industrial complex or for cooling through trigeneration to provide chilled water. Utilities can use CHP systems to monetize heat generated as a by-product of electricity generation, combined with the savings from high operational efficiency of these systems to up to as much as 80% as compared with just 30% for non-CHP setup. The market for utilities, district heating & cooling segment will be driven by increasing energy efficiency regulations and compliance needs for utilities, the need to reduce carbon emissions and the cost savings offered by CHP systems, especially in regions of Europe and Asia Pacific.

Asia Pacific: Expected to be the leading market for CHP during the forecast period.

The Combined Heat & Power Market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. The market in Asia Pacific is expected to lead the Combined Heat & Power market, by region. The increase in natural gas in the energy mix and need for energy efficiency in countries such as China, South Korea, and India is driving the market for Combined Heat & Power in the region. Rise in distributed power generation and emerging technologies such as fuel cell based micro-CHP has opened new opportunities for growth in the region.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Combined Heat & Power market. These include GE (US), Siemens (Germany), 2G Energy (Germany), Wärtsilä (Finland), Mitsubishi Hitachi Power System (Japan), FuelCell Energy (US), and Clarke Energy (UK). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

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Recent Developments

• In April 2018, GE signed an agreement with GreenTech to supply 21 Jenbacher gas engines for CHP generation in Russian food and beverage, glass, agriculture and chemical processes industries. With a total capacity of 26 MW, the engines are expected to be delivered by the end of 2018.
• In February 2018, 2G Energy installed a 600 kW CHP plant at the KB Specialty Foods facility in Indiana, US. The plant was expected to utilize biogas produced from waste food in the plant and convert it into electrical and thermal power.
• In January 2018, Veolia installed a CHP plant for Seafield WWTP in Scotland, UK. The plant was expected to generate its own energy from 55% to about 85% in 2017, by boosting the renewable energy derived from a combination anaerobic digestion of sludge and biogas-fired CHP plants.
• In May 2017, Siemens received an order to build a new cogeneration plant in the Marzahn district of Berlin. This cogeneration facility was expected to produce electric power while simultaneously supplying the east side of the German capital with district heating. The plant has an electrical generating capacity of 260 MW and a thermal capacity of 230 MW.

​

Energy Efficient Motor Market is Booming – Gaining Revolution in Eyes of Global Exposure

According to the new market research report on the "Energy Efficient Motor Market by Efficiency Level (IE1, IE2, IE3, and IE4), Type, Application (HVAC, Fans, Pumps, Compressors, Refrigeration, Material Handling, and Material Processing), Vertical, and Geography - Global Forecast to 2023", the energy-efficient motor market is projected to reach USD 41.6 billion by 2023 from USD 30.3 billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The major factors driving the growth of the energy-efficient motor market are energy savings and the subsequent cost over traditional motors, increasing governmental support worldwide towards the adoption of energy-efficient motors, rising need to reduce the greenhouse effect, and growing adoption of energy-efficient motors in the industrial sector.

Browse 101 market data Tables and 38 Figures spread through 137 Pages and in-depth TOC on "Energy Efficient Motor Market - Global Forecast to 2023"

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Based on the efficiency level, the IE2 (high efficiency) motors segment is projected to lead the energy-efficient motor market, in terms of value, during the forecast period

IE2 motors have efficiency levels equivalent to the CEMEP EFF1 class and EPAct level. IE2 motors can be used with inverters as alternatives to IE3 motors. There has been a significant shift in demand from IE1 motors to IE2, as these offer higher efficiency than the EFF2 motors and produce less residual heat. Further, the installation of IE2 motors has been made a mandatory Minimum Energy Performance Standard (MEPS) in all regions. These factors are expected to lead to the growth of the energy-efficient motor market for the IE2 motors in the coming years too.

The energy-efficient electric motor market for the HVAC application projected to grow at the highest CAGR during the forecast period

Energy-efficient electric motors are implemented for heating, ventilation, and air conditioning (HVAC) solutions, especially in commercial buildings. HVAC systems operate based on the laws of thermodynamics, and principles of fluid mechanics and heat transfer. These motors are equipped in electromechanical products, such as pumps, fans, compressors, and refrigerators. The primary objective of HVAC systems is the maintenance of good indoor air quality, providing sufficient ventilation through air filtration, and thermal comfort. The growth of the HVAC application market is driven by government support, increasing industrialization and urbanization, development of advanced solutions, and growing demand for energy-efficient devices.

Industrial vertical accounted for the largest share of the overall energy-efficient motor market, in terms of value, in 2017

Energy-efficient motors are extensively used in various industries, including oil & gas, marine, power & energy, mining, and water & wastewater, to help reduce energy consumption as well as operational costs. Electric motors account for 60–70% of the total electricity consumed in the industrial sector. Hence, manufacturers of electric motors have undertaken efforts to improve the efficiency of motors. Energy consumption is one of the major economic and environmental issues of concern, leading to the growing need for, and an increase in the adoption of energy-efficient motors. The demand for energy-efficient motors in various industries is increasing to enable a reduction in electricity consumption and lower carbon dioxide (CO2) emissions.

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Energy-efficient motor market to grow at the highest CAGR in the Asia Pacific during the forecast period

The Asia Pacific is projected to be the fastest-growing regions in the energy-efficient motor market by 2018, and grow at the highest CAGR during the forecast period. According to the Asian Development Bank (ADB), the share of the region to global energy consumption is expected to increase from 34% in 2010 to 56% by 2035. ADB has undertaken investments worth USD 970 million in energy efficiency projects, which are expected to help the Asia Pacific countries meet their national targets for energy efficiency and the reduction of greenhouse gas emissions by 2020.

The report profiles the key players in this market, such as ABB (Switzerland), Siemens (Germany), WEG (Brazil), GE (US), Schneider Electric (France), Nidec (Japan), Rockwell (US), CG (India), Bosch Rexroth (Germany), and Kirloskar Electric (India).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Smart Water Metering Market Forecast to 2024: Opportunities in Adoption of the Internet of Things in the water industry

According to the new market research report "Smart Water Metering Market by Meter Type (Electromagnetic, Ultrasonic, Mechanical), Technology (AMI, AMR), Component (Meters & Accessories, IT Solutions, Communications), Application (Water Utilities, Industries), and Region - Global Forecast to 2024",

The global smart water metering market is projected to reach USD 9.6 billion by 2024 from an estimated USD 5.9 billion in 2019, at a CAGR of 10.3% during the forecast period. The growing concern toward managing the supply of water is a driving factor for the market. Moreover, the adoption of the Internet of Things in the water industry is bringing opportunities for the market.

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The ultrasonic meter segment is expected to be the fastest growing smart water metering market, by meter type, during the forecast period

The ultrasonic meter segment of the smart water metering market, by meter type, is expected to grow at the fastest rate during the forecast period. This is mainly because ultrasonic meters deliver highly accurate data outputs than mechanical and electromagnetic meters. These meters are equipped with sensors that can measure the water velocity and then convert it into the water flow rate. Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

This research report categorizes the smart water metering market on the basis of type, component, meter type, end-user, and region.

On the basis of Technology, the market has been segmented as follows:

• AMI
• AMR

On the basis of Component, the market has been segmented as follows:

• IT Solutions
• Communications
• Meters & Accessories

On the basis of Meter Type, the market has been segmented as follows:

• Ultrasonic Meter
• Electromagnetic Meter
• Mechanical Meter

On the basis of Application, the market has been segmented as follows:

• Water Utilities
• Industries

On the basis of Region, the market has been segmented as follows:

• North America
• South America
• Asia Pacific
• Europe
• Middle East & Africa
  

The AMR segment is expected to dominate the smart water metering market, by technology, during the forecast period

AMR is a key driver of proficiency for water utilities. It helps in lowering operational costs by optimizing maintenance and reducing human intervention in the measurement operation. AMR is a system and process used to remotely collect water meter data without the physical presence of personnel at the reading point. North America and Europe are the regions mostly implementing this technology. Other regions have also started implementing this metering infrastructure to reduce nonrevenue water.

North America: The largest smart water metering market

In this report, the smart water metering market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. The dominance of the region is mainly due to high installation rate of smart water meters by the North American water utilities. Also, the region is the highest consumer of water in the world. Smart water meter suppliers are focusing on expanding their offerings in the North American region to help customers reduce the water bills as the smart water meters detect water leakages and turn off the supply in case of water losses. Ultrasonic meters are gaining more preference by the water utilities in North America due to higher efficiency and more accurate rates.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the smart water metering market.

Some of the key players are Arad Group (Israel), Badger Meter (US), Itron (US), Kamstrup (Denmark), and Diehl (Germany). The leading players are adopting various strategies to increase their share in the smart water metering market. Contracts & agreements has been a widely adopted strategy by the major players in the smart water metering market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Valve Remote Control System Market : Comprehensive Analysis of the Development Factors in the Industry

The valve remote control system market is expected to grow from an estimated USD 6.4 billion in 2018 to USD 8.0 billion by 2023, at a CAGR of 4.73%. An increased need for industrial valves from oil & gas production is likely to drive the valve remote control system market. 

On the basis of type, the pneumatic segment is expected to hold the largest share of the market.

The pneumatic segment is projected to grow at the highest CAGR during the forecast period. The pneumatic segment is primarily driven by cranes and hoists, palletizers and de-palletizers, conveyors, automated storage, and retrieval systems. The valve remote control system plays a vital role to divert compressed air to individual pneumatic actuators, and thus drive the connected valve to open/close in the system. Increase in demand for valves & actuators for the oil & gas production is likely to boost the Middle East & Africa pneumatic valve remote control system market due to the largest petroleum reserves holding countries in the region.  

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The offshore voltage segment is expected to be the fastest growing valve remote control system market, by application type, during the forecast period.

The offshore valve remote control system is expected to grow at the highest CAGR from 2018 to 2023. The market is primarily driven by the increased need for industrial valves from oil & gas production. The growing production of oil sands and shale gas fuels increased the demand for valve remote control systems in North America. Moreover, the increased investments in natural gas exploration and refineries are likely to boost the offshore valve remote control system market. Also, the increased drilling activities in countries such as Saudi Arabia, the UAE, and Algeria would positively impact the offshore market during the forecast period.

This research report categorizes the valve remote control system market based on type, application, valve type, and region.

On the basis of type, the market has been segmented as follows:

• Hydraulic
• Pneumatic
• Electric
• Electro Hydraulic

On the basis of application, the market has been segmented as follows:

• Marine
• Offshore
• Others (Power, Petrochemical, and Chemical)

On the basis of valve type, the market has been segmented as follows:

• Ball Valve
• Globe Valve
• Butterfly Valve
• Gate Valve
• Diaphragm Valve
• Plug Valve
• Check Valve
• Safety Valve

On the basis of region, the market has been segmented as follows:

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• South America

 

Middle East & Africa is expected to be the leading valve remote control system market, by region, during the forecast period.

In this report, the valve remote control system market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, South America, Europe, and the Middle East & Africa. The Middle East & Africa led the global valve remote control system market in 2018. Saudi Arabia, UAE, and Oman are the largest valve remote control system markets in the region. These countries are investing in their grid expansion projects to increase distribution grid reliability. Saudi Arabia accounted for the largest share of the Middle East & Africa valve remote control system market in 2017 and is estimated to have the highest installed valve remote control systems during the forecast period. Almost all the countries in the region are augmenting their oil & production capacity. UAE, Saudi Arabia, and Oman are investing heavily in their offshore projects. Algeria, Nigeria, and Angola are also emphasizing on the oil & production to meet their increasing energy demand. This has led to a rise in investments in the offshore sector to drive the growth of the Middle East & Africa valve remote control system market. 

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the valve remote control system market. The key players include Emerson (US), Rotork (UK), Wartsila (Finland), KSB (Germany), and Nordic (Singapore). The leading players are adopting various strategies to increase their share in the valve remote control system market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Light Towers Market Revenue to Hit $5.7 Billion by 2025

According to the new market research report "Light Towers Market by Market Type (Sales and Rental), Light Type (Metal Halide and LED), Fuel Type (Diesel, Solar/Hybrid and Direct Power), End-User (Oil & Gas, Mining, Construction, and Events & Sports) and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Light Towers Market size is expected to grow from an estimated revenue of USD 4.3 billion in 2020 to USD 5.7 billion by 2025, at a CAGR of 5.7%. Increasing investments in oil & gas exploration and construction infrastructure development across regions such as North America, Europe, and Asia Pacific is driving the demand for light towers. The market is segmented by end-user, market type, light type, fuel type, and region.

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Construction: The largest end-user segment of the light towers industry

The market is segmented, by end-user, into construction, oil & gas, mining, events and sports, and others. The construction segment accounted for the largest Light Towers Market share in 2019. The construction sector is driven by the increased infrastructure development activities in residential, commercial, and industrial spaces. In addition, transport infrastructure improvements and maintenance activities require light towers for safe and efficient operations at night. This is expected to drive the construction sector demand across regions such as North America, Europe, and Asia Pacific.

Browse in-depth TOC on "Light Towers Market"

251 – Tables
41 – Figures
211 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/light-tower-market-227191154.html 

The LED segment is estimated to have the highest growth rate in the Light Towers Market, by light type

The market is segmented, by light type, into metal halides and LED type light towers. The metal halide segment is estimated to lead the market in terms of market size; however, the LED segment is expected to be the fastest-growing market. The growth of the segment is mainly because of its rising demand for clean and efficient operations using light towers and the need to reduce carbon footprint.

North America is expected to dominate the global Light Towers Market

North America was the largest light towers industry in 2019, driven mainly by activities in the US and Canada. Increasing investment for oil & gas exploration activities and CAPEX spending is the key market driver, where US has a favorable supportive policy for the growth of the sector. This further drives the demand for light towers and creates growth opportunities for all major light tower rental and manufacturers in the region. Europe is the second-largest market, following North America closely, with several construction infrastructure investments and developments taking place. 

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top manufacturers in the Light Towers Market. These players include Generac Holding (US), Terex Corporation (US), Doosan Portable Power (US), Wacker Neuson (Germany), Atlas Copco (Sweden), and United Rental (US).

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About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com

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Solid Oxide Fuel Cell Market to Reach $2,881 Million by 2025 | Bloom Energy, Ceres Power, Mitsubishi Power, Aisin Seiki Co, Hitachi Zosen

 According to the new market research report "Solid Oxide Fuel Cell Market by Type (Planar & Tubular), Application (Portable, Stationary, & Transport), End User (Power Generation, Hydrogen Generation, Automotive, and Others), and Region - Global Forecasts to 2025", published by MarketsandMarkets™, the global Solid Oxide Fuel Cell Market size is expected to grow from estimated revenue of USD 772 million in 2020 to USD 2,881 million by 2025, at a CAGR of 30.1%. The key drivers for the Solid Oxide Fuel Cell Market include government subsidies and increased R&D on fuel cell programs; fuel flexibility and increasing demand for energy-efficient power generation and stringent emission norms in Europe & North America leading to demand for clean energy sources. The market is segmented by type, application, end user, and region.

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The planar segment is estimated to have the largest contribution in the Solid Oxide Fuel Cell Market, by type

The market is segmented, by type, into planar and tubular type solid oxide fuel cell. The planar segment is estimated to lead the market in terms of market size; however, the tubular segment is expected to be the fastest-growing market. The growth of the planar segment is mainly because of its the simple geometry and relatively easier construction process.

Browse in-depth TOC on "Solid Oxide Fuel Cell Market"

64 – Tables

46 – Figures

165 – Pages

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The stationary segment is estimated to have the largest contribution in the Solid Oxide Fuel Cell Market, by application

The market is segmented, by application, into portable, stationary and transport application solid oxide fuel cell. The stationary segment is estimated to lead the market in terms of market size and is even expected to be the fastest-growing market. The growth of the stationary segment is driven by the increasing focus on hydrogen-powered fuel cells for back-up power.

Power generation: The largest end user segment of the Solid Oxide Fuel Cell Market

The market is segmented, by end-user, into power generation, automotive, hydrogen generation, and others. The power generation segment accounted for the largest Solid Oxide Fuel Cell Market share in 2019. Increased demand for clean energy generation is expected to drive the market. Power generation refers to distributed power generation solutions and remote and backup power solutions for residential, commercial, and industrial uses such as residential complexes, retail outlets, commercial offices, data centers, and telecom towers. The reason for the large market share of this segment is the dominance of Bloom Energy in the SOFC market, where it provides distributed power generation solutions primarily in the US, as well as other countries, such as South Korea, Japan, and India.

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North America is expected to dominate the global Solid Oxide Fuel Cell Market

North America was the largest solid oxide fuel cell industry in 2019, driven mainly by activities in the US and Canada. The growth in the US country can be attributed to the high demand for fuel cell power generation, as well as increasing research and development for hydrogen generation. In addition, government policies and subsidies, including the Department of Energy's (DoE's) Solid State Energy Conversion Alliance (SECA) Program, are the prime driving factors for growth in the US market. Asia Pacific is the second-largest market, following North America closely.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top manufacturers in the Solid Oxide Fuel Cell Market. These players include Bloom Energy (US), Ceres Power (UK), Mitsubishi Power (Japan), Aisin Seiki Co (Japan), and Hitachi Zosen (Japan).

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

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Fuel Cells Market by Type (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, Alkaline Fuel Cell, Microbial Fuel Cell), Application (Transport, Stationary, Portable), End-User, Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/fuel-cell-market-348.html 

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