Thursday, August 29, 2024

Generator Industry Segmentation, Analysis by Recent Trends, Development & Growth by Regions to 2030

 The global generator industry is projected to reach USD 34.5 billion by 2030 from an estimated USD 23.1  billion in 2023, at a CAGR of 5.9% during the forecast period. The growth of the generator sales market is driven by growing demand for constinuous power supply and evolving new technologies such as fuel cell generators.

Key market players:

  • Caterpillar (US),
  • Cummins (US),
  • Generac (US),
  • Rolls-Royce Holdings (UK).

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Increasing demand for uninterrupted and reliable power supply, rapid industrialization owing the demand for generators, and rise in the awareness of the benefits offered by fuel cell generators are expected to drive the demand for-backup power generation. The rapidly expanding manufacturing sector, especially in Asia Pacific, has fueled the demand for generators and power generation systems.

This research report categorizes the generator industry by fuel type, end user, power rating, application, design, sales channel, and region

On the basis of fuel type:

  • Diesel
  • Gas
  • LPG
  • Biofuel
  • Coal Gas
  • Producer Gas
  • Fuel Cell

On the basis of application:

  • Standby
  • Prime & Continuous
  • Peak Shaving

On the basis of end- user industry:

  • Industrial
    • Utilities/Power Generation
    • Oil & Gas
    • Chemicals & Petrochemicals
    • Mining & Metals
    • Manufacturing
    • Marine
    • Construction
    • Others (Agriculture, Transportation, and Aerospace & Defense)
  • Commercial
    • IT & Telecom
    •  Healthcare
    • Data Centers
    • Others (Hotels, Shopping Complexes, Malls, and Public Infrastructure)
  • Residential

On the basis of by power rating:

  • Up To 50 KW
    • Up To 10 KW
    • 11–20 KW
    • 21–30 KW
    • 31–40 KW
    • 41–50 KW
    • 51–280 KW
    • 281–500 KW
    • 501–2,000 KW
    • 2,001–3,500 KW
    • Above 3,500 KW

On the basis of by sales channel:

  • Direct
  • Indirect

On the basis of by sales channel:

  • Stationary
  • Portable

On the basis of region:

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

This report segments the generator industry based on the fuel type into diesel, gas, LPG, biofuel, coal gas, producer gas, gasoline. During the projected timeframe, the Diesel segment is anticipated to dominate the generator sales market, serving as the primary contributor. This dominance can be attributed to the escalating urbanization and industrialization in emerging economies.

The generator market, by power rating, has been broadly classified into 50 kW, 51–280 kW, 281–500 kW, 501–2,000 kW, 2,001–3,500 kW, and above 3,500 kW. The up to 50 kW is the second fastest growing segment. Generators within this power range typically operate at a consistent engine speed, typically between 1,500 and 3,600 rpm. In particular, generators with power ratings ranging from 5 to 50 kW are commonly employed for personal and residential purposes. Additionally, generators below 50 kW power rating find utility in delivering power backup solutions for small-scale commercial activities, including telecom, retail, and various other sectors.

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Asia Pacific is expected to account for the largest market size during the forecast period.

Asia Pacific is expected to be the largest and fastest-growing market due to the high demand for power products in China and India. The generator market in Asia Pacific is witnessing rapidly growing population, which drives the need for infrastructure development, industrial expansion, and increased power demand. Generators are essential for meeting the rising electricity needs in residential, commercial, and industrial sectors. Governments across the Asia Pacific region are investing heavily in infrastructure development, including energy, transportation, and telecommunications. These projects require reliable power sources, and generators are often used as temporary or backup power solutions during the construction phase and as standby power for critical infrastructure.

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MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:
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MarketsandMarkets Inc.
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Monday, August 26, 2024

Combined Heat and Power Industry: Current and Future Trends, Key Players Analysis, and Forecast to 2029

According to a latest research report, the global market for Combined Heat and Power Industry is projected to reach USD 39.2 billion by 2029 from an estimated USD 30.4 billion in 2024, at a CAGR of 5.2% during the forecast period. The market for Combined heat and power is propelled by factors such as increased demand for energy efficiency and environmental regulations, energy security, cost savings, and technological advancements. They offer advantages such as improved reliability, enhanced energy independence, and reduced environmental impact, further driving market growth.

Key Market Players:

  • GE (US),
  • Siemens Energy (Germany),
  • Veolia (France),
  • Wartsila (Finland),
  • 2G Energy (Germany).

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Asia Pacific is expected to be the fastest growing region in the combined heat and power market between 2024–2029, followed by Europe. The CHP market is poised for growth in countries like China and India, fueled by infrastructure expansions, ongoing power projects, and technological advancements. For instance, the Zhaoqing Dinghu CHP project will leverage Siemens Energy's advanced gas turbine technology. Investment in large new gas-fired cogeneration and coal-fired plants, coupled with increasing electricity demand, is expected to propel the Asia Pacific CHP market in the next five years. With China and India leading in power generation and energy consumption, the region's rapid economic growth and transition from coal to gas-fired generation offer significant potential for CHP adoption.

This research report categorizes the combined heat and power market by capacity, prime mover, fuel, end user, and region.

On the basis of capacity:

  • Up to 10 MW
  • 10-150 MW
  • 151-300 MW
  • Above 300 MW

On the basis of prime mover:

  • Gas Turbine
  • Steam Turbine
  • Reciprocating Engine
  • Fuel Cell
  • Microturbine
  • Others

On the basis of end-userl:

  • Industrial
  • Residential
  • Commercial
  • Utilities

On the basis of fuel:

  • Coal
  • Natural Gas
  • Biogas/biomass
  • Nuclear
  • Diesel
  • Others

On the basis of region:

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

This report segments the combined heat and power market based on prime mover into six types: gas turbine, steam turbine, reciprocating engine, fuel cell, microturbine and others. The reciprocating engine segment is expected to be the largest segment during the forecast period. The reciprocating engine segment is growing due to increasing demand for distributed power generation, reciprocating engines, primarily gas-powered, are widely utilized in CHP solutions offered by companies like Wartsila, Clarke Energy, and 2G Energy. Their flexibility, ranging from 10 kW to 10 MW, and compatibility with natural gas contribute to their growing popularity in the market.

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This report segments the Combined heat and power market based on capacity into four segments: upto 10 MW, 10-150 MW, 150-300 MW, and above 300 MW. The upto 10 MW segment is anticipated to have the largest growth rate during the forecast period due to various factors, this segment is experiencing growth in combined heat and power (CHP) plants. Demand for diesel power engines arises from utility-scale plants, industrial facilities, and independent power producers (IPPs). Gas and steam turbine-based CHP plants are favored for applications like solar thermal and geothermal plants, while energy-intensive industries install on-site CHP plants for power, heat, and steam needs, driving market expansion.

The combined heat and power market is experiencing robust growth in the combined heat and power market is fueled by government programs and incentives to promote CHP, rise in use of natural gas for power generation and significant benefits of CHP systems in wastewater treatment facilities. Advancements such as higher efficiency gas turbines, improved heat recovery systems, and integration with renewable energy sources contribute to expanding the capabilities and appeal of CHP systems.

Browse Related Reports:

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Micro Combined Heat and Power Market by Technology (IC Engine, PEMFC, Rankine Cycle Engine, Stirling Engine, SOFC), Type (Engine, Fuel Cell), Application (Residential, Commercial), Capacity (<5kW, 5–10kW, 10–50kW) and Region - Global Forecast to 2029

Distributed Energy Resource Management System Market by Application (Solar PV, Wind, Energy Storage, CHP, EV Charging), Software (Analytics, Management & Control, VPP), End User (Industrial, Commercial, Residential), and Region - Global Forecast to 2026

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
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Friday, August 23, 2024

Sustainable Fuel Industry Major Developments and Competition Landscape by 2029

 According to a new market research report, the sustainable fuel industry is expected to reach USD 299.9 billion by 2029, up from an anticipated USD 193.8 billion in 2024, at a CAGR of 9.1% over the forecast period. Governments throughout the world are enacting stronger environmental restrictions and policies to encourage the use of renewable energy. The fluctuating costs of traditional fossil fuels provide an economic incentive to invest in more stable and predictable sustainable fuel alternatives. Companies are increasingly adopting sustainable fuels as customer knowledge and demand for ecologically friendly products rise.  Many businesses are establishing aggressive sustainability goals, such as using renewable fuels to satisfy their environmental obligations are few of the major drivers anticipated to propel the growth of the market.

Browse 287 market data Tables and 83 Figures spread through 341 Pages and in-depth TOC on "Sustainable Fuel Market"

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This report segments the sustainable fuel market based on the End user- Road transportation, Marine and Aviation. Based on State – Gas and Liquid. Based on type – Low carbon fossil fuels and renewable fuels and based on fuel type – Biofuel, Biomethane, Hydrogen, CNG and e-fuels.

Sustainable Fuel Market Size

Based on Fuel type, the sustainable fuel market is segmented into five types of fuels: Biofuels, Biomethane, Hydrogen, Compressed Natural Gas (CNG) and e-fuels. Among them, the Biofuels will be the largest segment. Biofuels are viewed as a greener alternative to fossil fuels, as they reduce GHG emissions significantly and contribute to climate change mitigation. This environmental benefit is a major driver of their expansion. Furthermore, biofuels help to reduce dependency on imported fossil fuels, so improving national energy security. Countries may mitigate the risks of oil price volatility and geopolitical crises by diversifying their energy sources. Furthermore, growing prices for traditional jet fuels encourage the aviation industry to look for more cost-effective and sustainable options, driving demand for aviation biofuel.

Key Stakeholders

  • Energy Regulators
  • Renewable fuel producers
  • Low carbon fuel producers
  • Consulting companies in the energy and power sector
  • Institutional investors/shareholders
  • Governments and research organizations

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This report segments the sustainable fuel market based on state into 2 categories: Gas and Liquid. The gas segment is expected to be the fastest-growing segment in the sustainable fuel market. To reduce greenhouse gas emissions, governments throughout the world are implementing stricter environmental restrictions. This legislative drive promotes the use of cleaner alternatives such as biomethane, CNG, and hydrogen, which benefits the gas category in the sustainable fuel market. Furthermore, advances in gas generation, storage, and distribution technologies have considerably enhanced the efficiency and viability of renewable gases such as biomethane and hydrogen. alternative developments cut prices while increasing the usefulness of alternative fuels. Furthermore, sustainable gasses improve energy security by lowering reliance on imported fossil fuels. Diversifying the energy mix with local and renewable gas sources helps to stabilize energy supply and costs, which encourages their use.

Based on End Users, the sustainable fuel market is segmented into 3 categories: Road transportation, Marine, and Aviation. The Road transportation segment is anticipated to grow as the largest segment in the sustainable fuel market. To combat climate change and reduce carbon emissions, nations are enacting strict environmental regulations. This supports the use of cleaner fuels in road transportation, such as biofuels, biomethane, CNG, hydrogen, and e-fuels, to meet emission targets. Furthermore, continual developments in fuel technology, such as improved hydrogen fuel cells and more efficient biofuel manufacturing processes, increase the viability and performance of sustainable fuels in road transportation. These advancements reduce costs and improve fuel efficiency, making them more appealing to both consumers and businesses.

Asia Pacific: Fastest-growing region during the forecast period.

Governments in the Asia Pacific are enacting legislation and regulations to promote the use of sustainable aviation fuels (SAF). These policies include incentives, subsidies, and requirements to use SAF, all of which encourage market growth.  Consumers and companies are becoming more conscious of traditional aviation fuels' environmental effects. This knowledge pushes stakeholders to seek sustainable alternatives, resulting in the rapid rise of the SAF industry. Collaboration among governments, industrial businesses, research institutes, and other stakeholders promotes innovation and market expansion. These ties facilitate information sharing, technology transfer, and collaborative efforts to address challenges to SAF implementation. Investments in infrastructure for sustainable fuel production, delivery, and consumption are important for Asia Pacific's SAF market expansion. Developing good infrastructure makes SAF more accessible and inexpensive, encouraging greater usage.

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Key Players

Some of the major players in the sustainable fuel market are ADM (US), Shell plc (UK), Siemens Energy AG (Germany), Saudi Arabian Oil Co. (Saudi Arabia), and Chevron Corporation (US) among others. The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, joint ventures, collaborations, investments, and expansions.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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

Global Wind Turbine Protection Market Expected to See Significant Growth by 2029

  The wind turbine protection market is forecast to reach USD 2.8 billion by 2029 from an estimated USD 1.7 billion in 2024, at a CAGR of 1...