Market Industry Trends

Monday, October 1, 2018

Solid Oxide Fuel Cell Market Driven by Increasing Demand for Efficient Power Generation are the Major Drivers That Would Trigger the Growth in the Market.

The solid oxide fuel cell market is expected to grow at a CAGR of 13.88% from 2017 to 2025, to reach a market size of USD 1,140.6 million by 2025. Government subsidies and fuel cell programs, increasing demand for efficient power generation, and stringent emission norms in the US and Europe are the major factors driving the growth of solid oxide fuel cell market.

The solid oxide fuel cell market is dominated by a few global players that are established brand names with a wide regional presence. The key players in this market include Bloom Energy (US), Aisin Seiki (Japan), SOLIDpower (Italy), Sunfire (Germany), UnderSea Sensor Systems (US), and Atrex Energy (US).

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Based on application, the Combined Heat and Power (CHP) segment is expected to be the fastest growing segment from 2017 to 2025. This segment is expected to witness growth mainly due to government initiatives and programs for installation of fuel cells. The Japanese ene-farm program for residential and commercial CHP installations is driving the market for this segment due to subsidies provided by the government for fuel cell-based CHP installations. The German government’s Callux program and European Union’s ene-field project are the driving factors for the growth of this segment in Europe.

Based on end-use, data centers is the fastest growing segment for the power generation application for the solid oxide fuel cell market. Data centers currently consume 2% of electricity in the US, and the stringent emission norms as along with the demand for cost-effective power generation, in addition to government incentives, is driving the market for this segment especially in the US.

Full Research Report on Global Solid Oxide Fuel Cell Market Analysis: https://www.marketsandmarkets.com/Market-Reports/solid-oxide-fuel-cell-market-39365796.html

Target Audience:

· The target audience of this report includes:
Solid oxide fuel cell manufacturers, dealers, and suppliers
· Government and research organizations
· Transmission and distribution utilities
· State and national regulatory authorities
· Consulting companies in the energy and power sector
· Environmental research institutes
· Investment firms

Scope of the Report:

By Type

· Planar
· Tubular

By Application

· Power Generation
· Combined Heat & Power
· Military

By End-Use

· Data Centers
· Commercial & Retail
· Portable & Unmanned Systems
· Telecom Towers
· Residential
· Auxiliary Power Unit

By Region

· North America
· Asia Pacific
· Europe

Based on region, Asia Pacific is expected to be the fastest growing region for the solid oxide fuel cell market from 2017 to 2025. The market in this region is mainly driven by the Japanese government’s policy of phasing out nuclear energy from its energy mix and replacing it with a natural gas-based power generation. The Japanese government’s initiatives, such as the ene-farm project for residential CHP installations as well as subsidies for fuel cell-based distributed power generation are further driving the solid oxide fuel cell market.

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Thursday, September 27, 2018

Global Switchgear Market Leads with Comprehensive Gross Margin by 2022: Leading Companies ABB Ltd., General Electric Company, Siemens AG, EATON CORPORATION plc, Hitachi Ltd., Schneider Electric SE, Mitsubishi Electric Corporation

The switchgear market is expected to grow at a CAGR of 7.12%, from 2017 to 2022, to reach a market size of USD 125.10 billion by 2022. Continuous growth of construction and development activities, increasing access to electricity in developing countries, and growth in renewable power generation projects are the major factors driving the market.

Browse 80 Market Data Tables and 65 Figures spread through 199 Pages and in-depth TOC on "Switchgear Market by Voltage (< 1 KV, 1–36 KV, 3 6–72.5 KV, > 72.5 KV), End-User (Transmission & Distribution Utilities and Manufacturing & Process Industries), Equipment (Gas Insulated, Air Insulated, and Circuit Breakers) - Global Forecast to 2022"

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1162268

The switchgear market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the switchgear market include ABB Ltd. (Switzerland), General Electric Company (US), Siemens AG (Germany), EATON CORPORATION plc (Ireland), Alstom SA (France), Hitachi Ltd. (Japan), Schneider Electric SE (France), and Mitsubishi Electric Corporation (Japan) among others.

Based on voltage, 36–72.5 kV voltage segment is estimated to be the fastest growing segment of the switchgear market from 2017 to 2022. This segment is expected to witness growth because of the rapid industrialization and urbanization. Aging power infrastructure leading to modernization and upgradation of the existing electrical grid and power plants are also a key factor driving the growth of 36–72.5 kV voltage segment of the switchgear market.

Based on end-user, the transmission and distribution utilities are estimated to grow at the fastest rate during the forecast period. Increasing investments in sub-station automation, modernization of electric grid, and smart utilities are the major factors driving the growth of the transmission and distribution utilities segment of the switchgear market. Switchgear enhance protection by decreasing energy losses, due to poor operational efficiency of traditional equipment.

Based on region, the switchgear market in Asia-Pacific is projected to grow by the fastest rate during the forecast period. Increasing grid investments and plans for electrification in remote areas in countries, such as Vietnam, Indonesia, and the Philippines is likely to drive the growth of the switchgear market in the region during the forecast period. Rise in investments in smart grid technologies is also driving the switchgear market in Asia-Pacific.

For More Detailed Information regarding Companies, Types and Applications visit @ https://www.marketsandmarkets.com/Market-Reports/switchgear-market-1162268.html

Aging power infrastructure, High Voltage Direct Current (HVDC) transmission networks, and upcoming smart cities are expected to create new opportunities for the switchgear companies. Moreover, governments in most of the countries are investing in renewable energy-based power generation to match up with the growing energy demand. All these factors is likely to drive the switchgear market during the forecast period.

Wednesday, September 26, 2018

Global Air Insulated Switchgear Market - ABB Ltd., Siemens AG, Schneider Electric SE, General Electric Company, Eaton Corporation PLC

The air insulated switchgear market is expected to grow at a CAGR of 4.68% from 2017 to 2022, to reach a market size of USD 8.41 billion by 2022. Increasing investments in transmission & distribution sector is a major factor driving the air insulated switchgear market.

The air insulated switchgear market is dominated by a few major players that have a wide regional presence and are established brand names. Leading players in the air insulated switchgear industry include ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company (U.S.), and Eaton Corporation PLC (Ireland). ABB Ltd. (Switzerland) and Siemens AG (Germany) has adopted contracts & agreements as a key strategy to enhance their presence in air insulated switchgear market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=79980057

Asia-Pacific is estimated to be the fastest growing market for air insulated switchgear from 2017 to 2022. This growth is attributed to the increasing T&D investments and rising power generation capacity in the region. The presence of manufacturing facilities is also driving the growth of air insulated switchgear in the region. The Chinese market for air insulated switchgear is expected to grow at the fastest rate during the forecast period. India and Southeast Asian countries are also expected to witness significant growth during the same period.

Based on voltage range of air insulated switchgear, the 3 kV–36 kV segment is expected to account for the largest market share in 2016. These air insulated switchgear are commonly used for power distribution, industrial, and infrastructure applications. So, rising infrastructural developments along with increasing T&D expenditure is expected to create new revenue pockets for 3 kV–36 kV segment. The >36 kV air insulated switchgear finds application primarily in power transmission over long distances. AIS are used at transmission substations and power generation substations. So, the demand for >36 kV air insulated switchgear is driven by sub-transmission and transmission sectors.

The indoor segment is estimated to be the largest market for air insulated switchgear in 2016 based on installation segment. The medium voltage air insulated switchgear is majorly installed indoor. So, the increasing installation of medium voltage switchgear is likely to drive the air insulated switchgear market in indoor segment. Renewable sector also supports the growth of indoor air insulated switchgear, with many solar and wind power plant projects deploying indoor air insulated switchgear as an integral part of their power generation and distribution network. This is expected to create new revenue pockets in the air insulated switchgear market during the forecast period.

To know more Insightful information, click here @ https://www.marketsandmarkets.com/Market-Reports/air-insulated-switchgear-market-79980057.html

The report segments the air insulated switchgear market based on end-user into transmission & distribution, manufacturing and processing, infrastructure and transportation, and others. The others segment includes oil & gas, mining, and marine. The transmission & distribution segment is estimated to be the fastest growing market for air insulated switchgear in 2016. The rising renewable power generation and increasing T&D investments is likely to drive the demand of air insulated switchgear in transmission & distribution application segment. This is expected to create new revenue pockets in air insulated switchgear market, during the forecast period. Also, the increasing investments in electro-intensive industries such as chemicals, steel, and cement are expected to drive the air insulated switchgear market in manufacturing and processing segment.