Monday, September 12, 2022

AC Power Sources Market worth $1.7 billion by 2027 - Exclusive Report by MarketsandMarkets™

AC Power Sources Market is projected to grow from USD 1.5 billion in 2022 to USD 1.7 billion by 2027, at a CAGR of 2.2%, according to a new report by MarketsandMarkets™. An AC power source is a programmable device, which provides controlled AC power for equipment testing and measurement purposes. It can be programmed to vary the voltage, phase, and frequency of the current supplied to a receiving device or system for simulating real-world AC power conditions. AC power sources are also referred to as AC power supplies and regenerative grid simulators. Globally, the increasing rate of urbanization is compelling governments for implementing the smart city concept. This concept is likely to fuel innovations in the automotive, energy, consumer electronics, and wireless communication & infrastructure sectors. Thus, the implementation of the smart city concept creates lucrative opportunities for AC power sources.

Browse in-depth TOC on "AC Power Sources Market"

99 – Tables
48 – Figures
186 – Pages

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The Energy Application, by Application, is expected to be the most significant AC Power Sources Market during the forecast period.

Energy applications have the largest share of the AC Power Sources Market. Due to the rising utilization of renewable energy sources, such as solar energy, the demand for devices such as PV inverters and batteries, has grown significantly. Government and various institutions across countries have established regulations to ensure the safety and efficiency of grid-connected devices. Energy-efficient power sources integrated with renewable energy sources are expected to drive the growth of the AC Power Sources Market during the forecast period

By modulation type, the PWM is expected to grow at the highest CAGR during the forecast period

By modulation type, the AC Power Sources Market has been segmented into the PWM and linear segments. The PWM AC power sources are comparatively smaller in size and more efficient than linear AC power sources. In the PWM technique, low-frequency signals are generated from high-frequency pulses. This technique cuts AC waveforms into various pieces and changes them to the required voltage level with a smaller transformer. Such competencies of PWM AC power sources over linear AC power sources drive the demand for PWM sources during the forecast period

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North America is expected to be the second-largest region in the AC Power Sources Market

North America is expected to be the second-largest in the AC Power Sources Market during the forecast period. North America is a major center for technological innovations as the majority of global companies such as Boeing, Airbus, General Motors, Ford, Intel, Apple Inc., and Valero Energy have their R&D and manufacturing facilities established in this region. The North American AC Power Sources Market is driven by advances in consumer electronics, aerospace & defense, and electric vehicles. Major automotive companies such as Ford and General Motors are focused on manufacturing electric vehicles. These factors further boost the demand for AC power sources for testing the components used in electric vehicles.

Some of the major players in the AC Power Sources Market are Keysight Technologies (US), Chroma ATE (Taiwan), AMETEK Inc. (US), Pacific Power Source (US), Matsusada Precision (Japan), Kikusui Electronics Corporation (Japan), Good Will Instrument (Taiwan). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.

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

Related Reports:

Industrial Power Supply Market by Type (AC-DC and DC-DC Converter), Output Power (up to 500W, 500-1000W, 1000W-10kW, 10-75kW, 75-150kW), Vertical (Medical & Healthcare, Transportation, Military & Aerospace, Automobile), Region – Global Forecast to 2027

Power Distribution Unit Market by Type (Basic, Metered, Switched, Monitored, ATS, Hot Swap, Dual Circuit), Phase (Single & Three), Power Rating (Up to 120 V, 120–240 V, 240–400 V, above 400 V), End User and Region – Global Forecast to 2027

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

Tuesday, September 6, 2022

Small Marine Engines Market Anticipated to Reach $10.3 billion by 2027

According to a research report "Small Marine Engines Market by Model (Gasoline, Diesel, Electric), Placement (Outboard, Inboard), Application (Recreational Boats, Support Vessels, Coastal Boats, Fishing Boats), Displacement (Up to 2 L, 2-4 L, 4-6 L) and Region - Global Forecast to 2027" published by MarketsandMarkets, The small marine engines market size is estimated to be USD 10.3 billion by 2027 (forecast year) from USD 7.8 billion in 2022 (estimated year), at a CAGR of 5.5% during the forecast period. The global small marine engines market is expected to witness significant growth during the forecast period, owing to the surge in fishing activities and the resultant increase in demand for commercial vessels. However, stringent environmental regulations for decarbonization worldwide, and the lack of infrastructure in developing economies are likely to hamper the growth of the small marine engines market.

Browse 266 market data Tables and 63 Figures spread through 271 Pages and in-depth TOC on "Small Marine Engines Market  - Global Forecast to 2027"
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4-6 L segment by displacement are expected to occupy majority of the small marine engines market share

Small marine engines market has been segmented based upon type into up to 2 L, 2-4 L, and 4-6 L. The displacement range of about 6 L and below is used for small marine engines that are installed in recreational boats, support vessels, coastal boats, etc. The 4-6 L segment is projected to hold the highest market share during the forecast period because engines of 4–6 L feature common-rail fuel injection, double overhead camshafts, and turbo. They offer high reliability, exceptional fuel efficiency, and low maintenance cost.

Recreational boats by application is expected to dominate the market

Recreational boats include yachts, cruiser boats, and others (sailboats and catamaran). The recreational boating sector focusing on reducing the carbon emissions with the related practices for disposing boats once they reach their end of operating life. Europe and North America are expected to generate high demand for recreational boats during the forecast period because the commercial adoption of boats has increased significantly in these regions. Other countries such as Belgium and Croatia have observed a significant growth in the recreational boat market.

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North America likely to emerge as the largest small marine engines market

The recreational boating industry especially in the US is mostly focused on the coastal areas. Government investments in recreational boating activities and infrastructural activities for economic recovery are likely to drive the small marine engines market in North America. The recreational boat market in North America is expected to be the largest market across the world due to high demand for leisure boating and water-sports in the region.

Yamaha Motor Co., Ltd. (Japan), Yanmar Co. Ltd. (Japan), Brunswick Corporation (US), Suzuki Motor Corporation (Japan), Honda Motor Co., Ltd. (Japan) are the key players in the global small marine engines 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.

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    

Friday, August 26, 2022

Small Modular Reactor Market Size, Share, Trends and Future Growth Predictions till 2030

According to a research report "Small Modular Reactor Market by Reactor (HWR, LWR, HTR, FNR, MSR), Deployment (Single, Multi), Connectivity (Grid, Off-grid), Location (Land, Marine), Application (Power Generation, Desalination, Industrial), Coolant and Region - Global Forecast to 2030" published by MarketsandMarkets, the small modular reactor market size will grow to USD 7.0 billion by 2030 (forecasted year) from USD 5.7 billion in 2022 (estimated year), at a CAGR of 2.7% during the forecast period.

The small modular reactor market has promising growth potential due to the low cost of SMRs due to modularization and factory construction. The global small modular reactor market is driven by the growing need for clean, reliable, and flexible power generation and helps in integration with variable renewable energy.

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The light-water reactor segment is expected to dominate the small modular reactor market, by reactor type, during the forecast period.

The light-water reactor segment holds the largest share of the small modular reactor market. Light-water reactor segment is also expected to be the fastest growing and this dominance of the segment can be attributed to the is the most commonly adopted SMR technology owing to factors such as low technological risks and ease of licensing, as regulators and developers are familiar with this technology.

The land segment is expected to be the largest small modular reactor market, by location, during the forecast period.

The small modular reactor market, by location, is divided into land and marine, wherein the land segment accounts for a largest share. The potential for the underground deployment of land reactors, enhanced protection from natural hazards, improved seismic capability, and higher thermal efficiencies are a few of the major growth drivers for the land segment. These SMRs also have simpler licensing processes compared with marine SMRs.

The Asia Pacific likely to emerge as the fastest growing small modular reactor market

In this report, the small modular reactor market has been analyzed for four regions, namely, Americas, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is a significant contributor to the small modular reactor market in the current scenario owing to a large number of SMR projects in China. For instance, various SMRs projects, such as the CAP200, the ACP100, the ACPR50S, and the HTR-PM, are being developed, in China. Furthermore, The region has witnessed a rapid growth in electricity demand in recent years due to the growing population, increasing per capita income, and a growing number of petrochemical refineries, coupled with urbanization. These factors are further expected to boost the adoption rate of SMR technologies.

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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 small modular reactor market.

Some of the key players are GE Hitachi Nuclear Energy (US), Moltex Energy (Canada), NuScale Power, LLC. (US), Terrestrial Energy Inc. (Canada) and Westinghouse Electric Corporation (US). The leading players are adopting various strategies to increase their share in the small modular reactor market.

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