Scrubber System Market predicted to grow $6.7 billion by 2027

According to a research report "Scrubber System Market by Type (Wet, Dry), End-User (Marine, Oil & Gas, Petrochemicals & Chemicals, Pharmaceutical), Application (Particulate Cleaning, Gaseous/Chemical Cleaning), Orientation (Horizontal, Vertical) - Global Forecast to 2027" published by MarketsandMarkets, the global scrubber system market is projected to grow from USD 5.0 billion in 2022 to USD 6.7 billion by 2027, at a CAGR of 6.1%, from 2022 to 2027. Rising concerns regarding emissions and the formulation of various environmental protection laws and mandates to reduce the same on a global level have increased the need to undertake measures on air pollution control, which is likely to increase the usage of scrubbers in sectors the marine, oil & gas, metal & mining, power generation, chemical & petrochemical, food, beverage, & agriculture, glass, pharmaceutical, water & wastewater treatment industries.

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The particulate cleaning by application, is expected to be the second largest scrubber system market during the forecast period

By application, the scrubber system market has been segmented into gaseous/chemical cleaning, and particulate cleaning. Particulate is expected to be the second largest segment during the forecast period. Most particles in the atmosphere are a result of complex reactions of chemicals such as sulfur dioxide and nitrogen oxides, which are emitted from power plants and industries. The need to remove these particulates released from various industries is expected to drive the demand for scrubbers.

Chemical & petrochemical segment, by end-user industry, is expected to third largest segment during forecast period

By end user industry, the scrubber system market has been segmented into marine, oil & gas, metal & mining, power generation, chemical & petrochemical, food, beverage, & agriculture, glass, pharmaceutical, water & wastewater treatment, and others. Chemical & petrochemical is expected to be the third largest segment during the forecast period. A strong global demand for oil and gas shifting towards petrochemicals, in the upcoming years, away from motor fuels gasoline and diesel is expected to the drive the market for scrubber systems.

Europe is expected be the second fastest growing segment in the scrubber system market during the forecast period

In this report, the scrubber system market has been analyzed for five regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Europe is expected to be the second fastest growing segment during the forecast period. The developments in the chemical industry in the region are supporting the demand for scrubber systems due to the need to control pollution caused by toxic gases, particulates, and chemicals produced as a by-product of manufacturing.

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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 scrubber system market. These include Alfa Laval (Sweden), Wartsila (Finland), GEA (Germany), Babcock & Wilcox (US), and Valmet (Finland). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions to increase their respective market shares. Scrubber

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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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Recloser Market Size, Share, Trends and Future Growth Predictions till 2027

According to a research report "Recloser Market by Phase Type (Three Phase, Single Phase, and Triple-single Phase), Control Type (Electronic and Hydraulic), Voltage Rating (Up to 15 kV, 16-27 kV, and 28-38 kV), Insulation Medium (Oil, Air, and Epoxy) and Region - Global Forecast to 2027" The global recloser market is expected to reach USD 1.3 billion by 2027 from an estimated USD 1.0 billion in 2022, at a CAGR of 5.4% from 2022 to 2027. The recloser market is expected to witness significant growth during the forecast period, owing to the power distribution infrastructure, which is expected to strengthen in the upcoming years with the rise in demand for electricity. Also, the increase in renewable energy capacity addition and increased investment in industrial production will enable the demand for reclosers. With the growing usage of high-voltage direct systems, the market for reclosers is expected to be driven at a faster rate.

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Three phase segment, by Phase Type, to occupy the majority of recloser market share

The three-phase segment, by Phase Type, is projected to hold the largest market share during the forecast period. Three-phase reclosers provide reliable, self-contained distribution-circuit overcurrent protection at a low initial cost and require minimal service. Because most line faults are temporary, they will clear after only momentary circuit interruption; therefore, permanent outages usually are prevented. These types of reclosers are mainly used in heavy industrial applications due to their sizeable power-carrying capacity and suitability for the operation of heavier electrical equipment.

Up to 15 kV voltage segment, by voltage rating, to be the largest market

Based on the voltage, the Upto 15 kV segment is estimated to be the largest market from 2020 to 2027. The demand for substation equipment safety is boosting the development of advanced protection devices such as automatic circuit reclosers. The up to 15 kV segment is expected to grow at the highest rate due to the increase in the residential power distribution capacity to cater to the increasing demand for electricity in residential areas.

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Asia Pacific followed by North America emerged as the largest recloser market
Asia Pacific accounted for the largest global recloser market share during the forecast period owing to the increasing investments in transmission and distribution line expansion projects. Also, the rising industrial and commercial sectors and the increasing investments in smart grid infrastructure in China, India, South Korea, and Australia are expected to drive the market. Also, the increasing demand for continuous and reliable power supply, along with the replacement of the aging distribution network, is likely to fuel the market further in Asia Pacific region.

ABB (Switzerland), NOJA Power (Australia), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland) are the key players in the global recloser 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.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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newsletter@marketsandmarkets.com

Residential Energy Storage Market 2022 New Report Size, Trends, Share, Growth Forecast By 2027

According to a research report "Residential Energy Storage Market by Power Rating (3-6 kW, 6-10 kW, 10-20 kW), Connectivity (On-Grid, Off-Grid), Technology (Lead-Acid, Lithium-Ion), Ownership (Customer, Utility, Third-Party), Operation (Standalone, Solar), Region - Forecast to 2027" published by MarketsandMarkets, the global residential energy storage market is estimated to be valued at USD 719 million in 2022 (Estimate Year) and is projected to reach USD 1,828 million by 2027 (Forecast Year) growing at a CAGR of 20.5% during the forecast period.

The residential energy storage market has promising growth potential due to the rising production of electric vehicles, initiatives by government, growing R & D investment in lithium-ion batteries.

Browse 297 market data Tables and 58 Figures spread through 271 Pages and in-depth TOC on "Residential Energy Storage Market - Forecast to 2027"

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The on-grid segment is expected to dominate the residential energy storage market, by connectivity type, during the forecast period.

The on-grid segment holds the largest share of the residential energy storage market. The high market share can be attributed to its lower upfront costs than the off-grid connectivity. Sometimes, energy storage systems also serve additional applications such as Transmission & Delivery (T&D) deferral, power quality assurance, voltage regulation, spinning reserve, and increased system reliability

The solar and storage is expected to be the fastest growing residential energy storage market, by operation type, during the forecast period.

The residential energy storage market, by operation, is divided into standalone systems and solar and storage systems, wherein the solar and storage accounts for the largest share. The solar and storage is also expected to grow the fastest during the forecast period, owing to increasing awareness and demand for energy self-sufficiency.

The Asia Pacific region is the fastest growing residential energy storage market

In this report, the residential energy storage market has been analyzed for five regions, namely, North America, Europe, Asia Pacific, Middle east & Africa and South America. Europe is a significant contributor to the residential energy storage market in the current scenario owing to the rapid increasing cost-competitiveness of solar-plus-storage solutions which enables residential consumers to have access to the clean energy power and enable opportunities to decrease their energy bill.

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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 residential energy storage market.

Some of the key players include Tesla (US), VARTA AG (Germany), Enphase Energy (US), BYD Company Ltd (China), Sonnen GmbH (Germany), LG Energy Solution (South Korea). The leading players are adopting various strategies to increase their share in the residential energy storage 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