Power Monitoring Market To Observe Exponential Growth By 2019-2024

 The global power monitoring market is projected to reach USD 5.2 billion by 2024 from an estimated USD 3.8 billion in 2019, at a CAGR of 6.1% during the forecast period. Increasing focus on efficient utilization of power resources is driving the demand for the power monitoring market.

Hardware segment is expected to lead the power monitoring market by technology

Increasing deployment of smart meters, rise in investments for smart grid technology, and increasing focus on reducing energy cost by effective utilization of power resources is expected to drive the hardware segment, by component during the forecast period. Asia Pacific is expected to be the fastest growing market for this segment.

Hardware components of a power monitoring system include physical components, such as metering and communication and measurement devices. The basic function of metering devices is to measure, record, and monitor the quantity of power flowing through any part of the electric system. It is expected to be the largest market during the forecast period.

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This research report categorizes the power monitoring market by technology, capacity, end-user, and region.

The power monitoring market, by Component, has been segmented as follows:

• Hardware
  • Metering & Communication Devices
  • Measurement Devices
• Software
• Services

The power monitoring market, by End-user, has been segmented as follows:

• Manufacturing & Process Industry
• Datacenters
• Public Infrastructure
• Utilities & Renewables
• Electric Vehicle Charging Station

The power monitoring market, by Region, has been segmented as follows:

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

Manufacturing & Process Industry segment is expected to capture the significant share of the power monitoring market by end-user

Manufacturing &  Process Industry segment, by end-user, is expected to be the largest market for power monitoring. The growth of this segment is majorly driven by increasing demand for efficient utilization of power resources in cement, semiconductor, water & wastewater, food & beverages, and other industries. The demand for power monitoring in the manufacturing & process segment is driven by factors such as energy efficiency, power surges, and uninterrupted power supply. Furthermore, manufacturing & process industries are adopting & implementing energy efficiency measures and deploying equipment for delivering reliable power supply to reduce the overall operating cost and increase the plant uptime.

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North America is expected to dominate the global power monitoring market

North America is expected to dominate the power monitoring market during the forecast period. The US, Canada, and Mexico are the major countries in this region. The governments of these countries in North America are currently focusing on upgrading and replacing their aging infrastructure, improving grid reliability, and enabling smarter power networks which is majorly driving the demand for power monitoring system. In addition to this, the US and Canadian utilities are expected to invest USD 880 billion and USD 100 billion, respectively, in power networks for a period of next 20 years. This investment would include sectors such as smart grids, digitization, power monitoring, and energy management among others. The countries in North America are also prone to natural disasters, hence, there is a demand for quick fault location and speedy restoration of electricity. All these factors would help in the growth of the power monitoring market in the region.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players, such as Schneider Electric  (France), ABB (Switzerland), Eaton (Ireland), Siemens (Germany), General Electric (US), Emerson (US), Rockwell Automation  (US), Mitsubishi Electric (Japan), Omron (Japan), Yokogawa (Japan) along with other prominent providers of power monitoring technology.

Enhanced Oil Recovery Market is Projected to Reach $59.4 Billion by 2025; at a CAGR of 6.5% during the forecast period

 According to the new market research report "Enhanced Oil Recovery Market by Technology (Thermal (In-Situ Combustion, Steam, Others), Chemical (Polymer, Surfactant, Alkaline Surfactant Polymer), Gas (CO2, Other Gas), Other EOR), Application (Onshore, Offshore), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Enhanced Oil Recovery Market size will grow to USD 59.4 billion by 2025 (forecast year) from USD 43.3 billion in 2020 (estimated year), at a CAGR of 6.5% during the forecast period. The rising number of mature fields in North America and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the Enhanced Oil Recovery Market, globally. Technological developments in advancements in shale oil & gas reserve development, production from oil sand, and deep-water drilling have led oil & gas production across regions, which creates opportunities for growth of the market.

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The thermal EOR segment is expected to dominate the Enhanced Oil Recovery Market, by technology, during the forecast period.

In thermal EOR, steam is injected to lower the viscosity and improve the mobility of oil through the reservoir. Itis mainly used in heavy oil reservoirs to recover several billion barrels of heavy crude oil. Thermal EOR technology has been deployed in various countries such as the US, Canada, Venezuela, Oman, China, and Indonesia, with major projects in operation for many years. The thermal EOR is further categorized further based on the type as in-situ combustion, steam, and others. The steam segment is expected to grow at a faster CAGR. Owing to increasing activities in shale and the development of mature oilfields in the Gulf of Mexico are likely to drive the steam market.

Browse in-depth TOC on "Enhanced Oil Recovery Market"

118 – Tables
59 – Figures
181 – Pages

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The onshore segment is expected to be the fastest-growing Enhanced Oil Recovery Market, by application, during the forecast period.

The onshore segment, by application, the Enhanced Oil Recovery Market is estimated to grow at the fastest rate during the forecast period. This is mainly because of the increasing demand for production activities from new shale development activities in North America. Moreover, maturing shallow oilfields in the Gulf of Mexico and the North Sea, as well as increasing investments in offshore EOR projects. Such factors propel the growth of the Enhanced Oil Recovery Market.

North America likely to emerge as the largest Enhanced Oil Recovery Market

In this report, the Enhanced Oil Recovery Market has been analyzed for six regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. The US is the top explorer and producer of shale oil and gas. Moreover, the rising production of tight oil and increasing oil sand formations in Alberta propel Enhanced Oil Recovery Market growth. Thus, North America dominated the Enhanced Oil Recovery Market during the forecasted period.

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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 Enhanced Oil Recovery Market.

Some of the key players are Schlumberger (US), Halliburton (US), Baker Hughes Company (US), Royal Dutch Shell Plc (Netherlands), BP Plc(UK). The leading players are adopting various strategies to increase their share in the Enhanced Oil Recovery 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, "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.

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Industrial Wastewater Treatment Service Market Segmentation, Application, Technology, Analysis Research Report and Forecast to 2023

The report "Industrial Wastewater Treatment Service Market by Service Type (Design, Installation, Operations, Maintenance), Treatment Method (Filtration, Disinfection, Desalination), End User (Power, Oil & Gas, Pulp & Paper), Region - Global Forecast to 2024", The global industrial wastewater treatment service market is projected to reach USD 28.0 billion by 2024 from an estimated USD 20.8 billion in 2019, at a CAGR of 6.1% during the forecast period. This growth can be attributed to factors such as growth in water intensive industries such as pulp & paper and textile in the developing regions. The dyeing process in the textile industry is a major water intensive process, and it has a massive water requirement. Similarly, the requirement for treating the wastewater generated is expected to rise massively with the stringent environmental regulations across several nations.

Browse 68 market data Tables and 27 Figures spread through 158 Pages and in-depth TOC on "Industrial Wastewater Treatment Service Market - Global Forecast to 2024"

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The power generation segment is expected to be the largest industrial wastewater treatment service market, by end-user, during the forecast period.

The power generation segment is estimated to dominate the industrial wastewater treatment service market in 2019 and is projected to be the largest market during the forecast period. This is mainly because of a significant increase in the requirement of power generation, especially in developing regions such as Asia Pacific. For instance, countries such as China, India, Japan, and South Korea are ensuring that the power requirement of the people is addressed adequately through various schemes. The growing demand is causing an increase in the number of power generation units to cater to this demand, resulting in a rise in wastewater generation. Thus, there is a rising need for treating the wastewater generated from these power generation units.

The filtration segment is expected to be the fastest growing industrial wastewater treatment service market, by treatment method, during the forecast period.

The treatment method segment deals with the treatment methods and processes of the industrial wastewater treatment service market. Filtration is usually needed before sanitation treatments, to remove particles that can distribute sediment, pathogens, and algae. The filtration segment is expected to hold the largest market share during the forecast period.  The major types of filtration processes include chlorine filtration, Ultraviolet (UV) filtration, and Ozone filtration. Among these processes, UV filtration is a hugely cost intensive process, followed by the Ozone filtration process. These processes’ overall cost is more than that of processes such as disinfection and desalination. Thus, the filtration process is expected to dominate this segment due to the aforementioned factors. 

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Asia Pacific: The leading industrial wastewater treatment service market.

In this report, the industrial wastewater treatment service market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global industrial wastewater treatment service market in 2019, owing to the growth in the industrial, manufacturing, textile, pulp & paper, and power generation industries in countries such as China, India, and Japan. These are rigorous water intensive industries and simultaneously eject a lot of industrial wastewater. Thus, a major scope of industrial wastewater exists in these regions.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the industrial wastewater treatment service market. Some of the key players are Veolia (France), SUEZ (France), Xylem (US), Thermax Group (India), Ecolab (US), Pentair (UK), Evoqua Water Technologies (US), WOG Group (US), SWA Water Holdings (Australia), Aries Chemical (US), Terrapure Environmental (Canada), and Golder Associates (Canada). The leading players are adopting various strategies to increase their share in the industrial wastewater treatment service market.

Don’t miss out on business opportunities in Industrial Wastewater Treatment Service Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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, "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.

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