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The report "Motor Control Centers Market by Type (Intelligent and Conventional), Voltage (Low and Medium), End-User (Industrial and Commercial), Standard (IEC and NEMA), Component, and Region - Global Forecast to 2024" The global motor control centers market is expected to grow from an estimated value of USD 5.3 billion in 2019 to USD 6.8 billion by 2024, at a CAGR of 5.0%, from 2019 to 2024. The global market is set to witness significant growth owing to the growing demand for industrial automation in developed regions and regulations promoting energy saving across major industries.
Browse 167 market data Tables and 38 Figures spread through 208 Pages and in-depth TOC on "Motor Control Centers Market - Global Forecast to 2024"
The low voltage segment is expected to hold the largest share of the motor control centers market, by voltage, during the forecast period
The low voltage segment includes up to 1 kV motor control centers. This segment is expected to hold the major share in 2019 owing to the widespread adoption of low voltage motors in various industries globally. Low voltage motor control centers are mainly used in the chemical & petrochemical, cement & manufacturing, food & beverage, oil & gas, and metals & mining. Asia Pacific is the largest low voltage motor control centers market because of rapid industrialization and urbanization in countries such as China and India. All these factors are expected to boost the low voltage motor control centers market.
Busbars are an alternative to traditional cabling and the largest motor control centers market, by component, during the forecast period
The busbars segment held the largest share of the motor control centers market in 2018. A busbar is the most important component of a motor control center as it acts as a common voltage point for all electrical equipment connected to the motor control center. The increase in the flexibility, efficiency, and reliability of busbars, and the elimination of the need for additional wires have led to the rising demand for busbars in the motor control centers market. Busbars are mainly used in utilities and industrial applications to deliver power to buildings and electrical loads, respectively.
The industrial segment is expected to be the fastest growing end-user of the motor control centers market
The industrial end-users of the motor control centers market is segmented into oil & gas, metals & mining, utilities, chemical & petrochemical, cement & manufacturing, and food & beverage industries. The industrial segment is expected to be the fastest growing motor control centers market from 2019 to 2024 owing to the inclination toward motorized automation worldwide. Moreover, increasing demand for electric motors in the aforementioned industries is also expected to drive the industrial segment of the motor control centers market.
Asia Pacific is expected to dominate the global motor control centers market
Asia Pacific is expected to dominate the global motor control centers market owing to the increasing industrialization and electricity demand in the region. China is expected to dominate the Asia Pacific motor control centers market. The motor control centers’ markets in countries such as China, India, and Japan are expected to grow at high rates. Increasing power generation capacity additions and industrialization projects in these countries are the main reasons spurring the growth of the motor control centers market.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the motor control centers market. These include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Siemens AG (Germany), Eaton Corporation, PLC (Ireland), and Rockwell Automation, Inc. (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.
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
According to the new market research report "Ring Main Unit Market by Type (Gas, Air, Oil, and Solid Dielectric), Installation (Outdoor, and Indoor), Application (Distribution Utilities, Industries, and Infrastructure & Transportation), Voltage Rating, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Ring Main Unit Market is expected to reach USD 2.5 billion by 2025 from an estimated value of USD 1.6 billion in 2020, at a CAGR of 9.3%. Capacity additions, increasing electricity demand, and industrialization projects in countries such as China, Japan, India, and South Korea are the main reasons spurring the growth of the Ring Main Unit Market. In India, factors such as rural electrification, adoption of smart grids, and substation automation projects are increasing the demand for ring main units. Due to the COVID-19 outbreak, the US has a negative growth rate of -2.45% in the manufacturing sector compared to -3.25% of China. India, Japan, and Europe registered a negative growth of -3.98%, 2.77%, and -2.89%, respectively, in their manufacturing sectors.
The distribution utilities segment is expected to be the largest Ring Main Unit Market, by application, during the forecast period
Increasing investments in power distribution networks due do the rise in urbanization in developing countries, along with the space constraints in densely populated areas, are expected to drive the market for ring main units in the distribution utilities segment. Global distribution utilities are facing various challenges such as aging workforce that cannot be replaced because of lack of skilled workforce. Also, COVID-19 has further exacerbated the situation because manual intervention in the field is still required. Because of the lockdown situation, utilities are at a standstill, which has led to losses for companies. This has had a negative impact on the Ring Main Unit Market.
Browse in-depth TOC on "Ring Main Unit Market" 110 – Tables 57 – Figures 169 – Pages
The outdoor segment is projected to account for a significant share of the ring main unit during the forecast period
The outdoor ring main unit segment is likely to dominate during the forecast period. Growing power consumption, ultimately leading to the expansion and upgradation of power grid, and increasing solar and wind energy installed capacity are expected to boost the demand for outdoor ring main units. COVID-19 has negatively impacted the power industry globally during the past two months. The demand curve for electricity has taken up new shapes, mainly in those countries where the impact of coronavirus is high. The decreasing demand for electricity is caused by lockdowns across countries to mitigate the spread of the virus. This will have a negative impact on the growth of the outdoor Ring Main Unit Market for a considerable period of time.
The gas insulated segment is projected to account for the largest share during the forecast period
The gas insulated segment is predicted to dominate the Ring Main Unit Market based on application. Growing demand from countries such as India, Japan, and China is the driving factor for the gas insulated Ring Main Unit Market. However, due to COVID-19, the market size for the gas insulated segment fell in 2020. Gas insulated ring main units require SF6 gas, and manufacturers of gas insulated ring main units are finding it hard to procure SF6 gas due to the ongoing lockdown restrictions.
Asia Pacific is projected to dominate the global Ring Main Unit Market during the forecast period
In this report, the Ring Main Unit Market has been analyzed concerning six regions, namely, Asia Pacific, North America, Europe, South America, Middle East, and Africa. Asia Pacific is expected to lead the market during the forecast period. Urbanization and industrialization, along with increasing rural electrification and electricity consumption in China, Japan, and India, are likely to drive the Ring Main Unit Market in the region.
To offer an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players such as ABB (Switzerland), Schneider Elecctric (France), Eaton (Ireland), Lucy Electric (UK), Larsen & Toubro (India), Siemens (Germany), C&S Electric (India), LS Electric (South Korea), Ormazabal (Spain), TIEPCO (Saudi Arabia), and ENTEC Electric & Electronic (South Korea).
Browse Related Reports: Microgrid Control System Market by Grid- Type (On-Grid and Off-grid), Component (Hardware and Software), Ownership (Private and Public), End-User (Utilities, Campuses and institutions, Commercial, and Industrial), and Region - Global Forecast to 2023
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: newlettter@marketsandmarkets.com
The report "Transmission Sales Market by Type (Reciprocating, Rotary, Centrifugal, Axial Flow), Application (Artificial lift, Gas Processing Station, LNG & FPS, Storage & Facilities), Compression Media, End Users, and Region - Global Forecasts to 2024" The transmission sales market is expected to grow from an estimated market size of USD 15.2 billion in 2019 to USD 18.7 billion by 2024, registering a CAGR of 4.2% from 2019 to 2024. The transmission sales market is witnessing significant growth, which is driven by the growing shale gas production activities. Transmission Sales MarketBrowse 70 market data Tables and 45 Figures spread through 135 Pages and in-depth TOC on "Transmission Sales Market - Global Forecasts to 2024"
Based on type, the reciprocating segment is expected to hold the largest share of the market
The reciprocating segment is expected to dominate the transmission sales market during the forecast period. Applications of a reciprocating compressor include oil refineries, gas pipelines, chemical plants, natural gas processing plants, and refrigeration plants. These compressors are used in the oil & gas industry for compressing the gas for the main transmission through gas pipelines. This has helped the reciprocating segment to acquire the largest share in the transmission sales market.
This research report categorizes the transmission sales market by type, compression media, application, end-user, and region
On the basis of type, the transmission sales market has been segmented as follows:
Reciprocating
Rotary
Centrifugal
Axial Flow
On the basis of application, the transmission sales market has been segmented as follows:
Artificial Lift
Gas Processing Station
LNG & FPS
Storage & Facilities
Others
On the basis of end-user, the transmission sales market has been segmented as follows:
Oil & Gas
Power Generation
Water & Wastewater Management
Others
On the basis of compression media, the transmission sales market has been segmented as follows:
Air Compressor
Gas Compressor
On the basis of region, the transmission sales market has been segmented as follows:
Power generation is expected to be the fastest segment of the transmission sales market during the forecast period
The transmission sales market in this report has been classified based on end-user into oil & gas, power generation, water & wastewater management, and others. Power generation plants require compressors for gas turbine power plants, ash conveying, and fly ash handling, ensuring highest efficiency and operating reliability. The rising demand for power is triggering the need for additional power generation. This, coupled with the need to replace and modernize existing power plants, has resulted in the extensive use of gas turbine power plants. Compressors are used to maintain pipeline pressure in the power generation sector. Moreover, retrofit and modernization projects in Europe and North America are likely to boost the power plant segment of the transmission sales market.
Europe: the leading transmission sales market
In this report, the transmission sales market has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is expected to lead the Transmission sales market during the forecast period. The market in Europe is driven by the growth of the industrial sector and competitive growth in Eastern and Central Europe. This growth is influenced by increasing privatization and low-cost base. Compressors are used in manufacturing and processing sectors, which represent a major advancement in the adoption of newer technologies by customers. Its distinguishing features include high-quality compressed air, low energy consumption, reduced noise levels, and ease of maintenance. The major end-users driving the transmission sales market in the region are power generation, oil & gas, and water & wastewater management.
The report includes the profiles of some of the top players in the transmission sales market to enable an in-depth understanding of the competitive landscape. The key players in the transmission sales market include Caterpillar, Inc. (US), GE (US), Siemens (Germany), Gazprom (Russia), and Cummins (US). The leading players are adopting various strategies to increase their share in the transmission sales 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
The report "DC Circuit Breaker Market by Voltage (Medium Voltage and High Voltage), Type (Solid-State and Hybrid), Insulation (Vacuum and Gas), End-User (T&D utilities, Power generation, Renewables, and Railways) and Region - Global Forecast to 2024" The DC circuit breaker market is expected to grow from an estimated USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a CAGR of 6.54%. Increasing investments in the electrical networks, increasing demand for reliable and secure power supply worldwide, and growing adoption of renewable energy sources across the globe are likely to drive the DC circuit breaker market. Aging Power Infrastructure, rising electrification projects and adoption of the HVDC technology, can lead to opportunities in the DC circuit breaker market. Browse 67 market data Tables and 33 Figures spread through 151 Pages and in-depth TOC on "DC Circuit Breaker Market - Global Forecast to 2024 "
The medium voltage segment is expected to hold the largest share of theDC circuit breaker market, by voltage, during the forecast period.
The medium segment led the DC circuit breaker market in 2019 and is projected to have the largest market share during the forecast period. This growth can be attributed mainly to the growing demand to attain reliable and sustainable power supply mostly in rural areas of the Asia Pacific and the Middle East & Africa region. Increasing investments in aging electrical infrastructure in transmission and distribution networks and the rising need to protect electrical circuit equipment further drives the medium voltage DC circuit breaker market.
This research report categorizes the market based on voltage, type, insulation, and region.
On the basis of voltage, the DC Circuit Breaker market has been segmented as follows:
Medium voltage
High voltage
On the basis of type, the DC Circuit Breaker market has been segmented as follows:
Solid-State
Hybrid
On the basis of insulation, the DC Circuit Breaker market has been segmented as follows:
Vacuum
Gas
On the basis of end-user, the DC Circuit Breaker market has been segmented as follows:<
Transmission & Distribution utilities
Power Generation
Renewables
Railways
On the basis of region, the DC Circuit Breaker market has been segmented as follows:
Asia Pacific
Europe
North America
Middle East & Africa
South America
By insulation, the vacuum segment led the DC circuit breaker market, during the forecast period.
The vacuum segment led the DC circuit breaker market in 2019. High insulating strength, suitability for repeated operations, & low maintenance cost are expected to drive the vacuum DC circuit breaker market. Also, rising investments in electrification projects, in which vacuum technologies are highly deployed encourages players to invest in the DC circuit breaker. They are mainly used in medium voltage ranging from 11 kV to 33 kV. They have a long mechanical service life. They are fast in operation; hence are ideal for fault clearing. Further, they are also safe as they do not explode, have a noiseless operation, are eco-friendly, and have a very minimal maintenance cost. They mainly find application in switchgears, transformers, power conditioning systems, switching devices, and transformers.
Asia Pacific: The leading market for DC circuit breaker market
In this report, the DC circuit breaker market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific led the global DC circuit breaker market in 2018. The high growth rate in the Asia Pacific region can be attributed to increased investments in the electric grid development and growing reliance on renewable sources of power generation. China and India are the largest markets for DC circuit breaker market in the region. 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 DC circuit breaker market in the region during the forecast period. Rise in investments in smart grid technologies is another factor which is driving the DC circuit breaker market in Asia Pacific.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the DC circuit breaker market. The key players are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Toshiba (Japan), Larsen & Toubro (India), Mitsubishi (Japan), Powell (US), Rockwell Automation (US), Fuji Electric (Japan), CG Power (India), ENTEC Electric & Electronic (South Korea), BRUSH Group (UK). Contracts & agreements was one of the key strategies adopted by the players to strengthen their global presence and offerings.
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
According to the new market research "Water Cut Monitors Market by Sector (Upstream, Midstream, Downstream) Location (Onshore, Offshore) Application (Well Testing, Separation Vessel, LACT, Tank Farm & Pipeline, MPFM Applications, Refinery), Region - Global Forecast to 2024" The Water Cut Monitors market is expected to grow from an estimated USD 188 million in 2019 to USD 241 million by 2024, at a CAGR of 5.0%, during the forecast period. The growth of the Water Cut Monitors market can be attributed to the rising demand for advanced and precise real-time monitoring instruments from the oil & gas sector, especially for upstream applications.
Browse 64 Market Data Tables and 44 Figures spread through 126 Pages and in-depth TOC on "Water Cut Monitors Market - Global Forecast to 2024"
The onshore segment is expected to hold the largest share of the water cut monitors market, by location, during the forecast period.
The onshore segment led the water cut monitors market in 2018 and is expected to grow at a considerable pace during the forecast period. The onshore oilfield service providers are focused on improving services for enhancing the production from mature fields and thus are coming up with advanced drilling procedures. Therefore, enhancement in digitalization increases the demand for water cut meters. With the adoption of water cut monitors, oil & gas operators can monitor water cut at upstream, midstream, and downstream applications. During drilling, accurate water cut measurement is crucial, as the oil operator wants to supply oil with minimum impurities at all stages of the supply chain to get maximum returns in terms of revenue. Thus, rising demand for real-time measurement instruments from oil operators in regions such as North America and Europe to manage production, reduce downtime, and incur lower human risk is a key factor driving the growth of the water cut monitors market.
This research report categorizes the water cut monitors market-based on sector, location, application, and region.
Based on the sector:
Upstream
Midstream
Downstream
Based on the location:
Onshore
Offshore
Based on the application:
Well Testing
Separation Vessels
Lease Automatic Custody Transfer (LACT)
Tank Farm and Pipelines
MPFM Application
Refinery
Others (fiscal quality measurement, well monitoring, pump protection, crude sampling)
Based on the region:
Asia Pacific
Europe
North America
South America
Middle East & Africa
The upstream sector segment is expected to be the largest segment of the Water Cut Monitors market.
The upstream segment is expected to be the largest segment of the water cut monitors market, by sector, in 2018. Water cut monitors in the upstream sector are primarily used in well testing, separation vessel, and MPFM applications. The upstream sector is experiencing rapid digitalization by transforming traditional operating models into smarter operations, which reduces nonproductive time. Additionally, there has been a considerable increase in drilling activities globally. For instance, the total numbers of new wells drilled globally were approximately 71,000 in 2018, of which, about 4,000 were offshore and the remaining 67,000 onshore. The new well drilling activity witnessed a y-o-y growth of 7% from 2017. Thus, rising drilling activities and increasing adoption of real-time monitoring systems are major factors expected to drive the demand for water cut monitors in the upstream sector.
Asia Pacific: the leading Water Cut Monitors market
In this report, the Water Cut Monitors market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific market is expected to lead the Water Cut Monitors market by region. The growth of the Water Cut Monitors market in the Asia Pacific region can be attributed to rising imports from Middle East countries, development, and expansion of refineries, and increasing investment in the development of pipeline networks.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Water Cut Monitors market. They are Weatherford (Switzerland), Emerson (US), Phase Dynamics (US), and Ametek Inc. (US). The leading players are trying to enter the market of developing economies and are adopting various strategies to increase their market shares.
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
According to new market report "AC Power Sources Market by Phase Type (Single, Three) Modulation Type (PWM, Linear) Application (Aerospace, Defence & Government Services, Energy, Wireless Communication &Infrastructure, Consumer Electronics & Appliances, Others) Region - Global Forecast to 2024" The AC power sources market is expected to grow from an estimated USD 1.0 billion in 2019 to USD 1.1 billion by 2024, at a CAGR of 2.4%, during the forecast period. The growth of the AC power sources market can be attributed to the increasing manufacturing of equipment used in renewable power generation, avionics and electric vehicles, implementation of smart cities, and growing focus on energy-efficient business operations.
Browse 104 market data Tables and 38 Figures spread through 148 Pages and in-depth TOC on "AC Power Sources Market - Global Forecast to 2024 "
The PWM segment is expected to hold the largest share of the AC power sources market, by modulation type, during the forecast period.
The PWM segment led the AC power sources market in 2018 and is also projected to dominate the AC power sources market during the forecast period. PWM AC power sources cater to applications such as LED light production line, AC motors, medical equipment testing, home appliances, and avionics & marine equipment testing. The PWM AC power sources are comparatively smaller in size and more efficient than linear AC power sources. The efficiencies of PWM AC power sources exceed 90%, and hence, incur negligible power loss. Such advantages of PWM AC power sources are expected to drive the growth of the PWM AC power source during the forecast period.
This research report categorizes the AC power sources market based on fuel type, power output, application, end-user, and region.
The energy segment, by application, is expected to be the largest segment of the AC power sources market.
The energy segment is expected to be the largest segment of the AC power sources market, by application, during the forecast period. The AC power sources are used for testing batteries, inverters, UPS, solar panels, and other grid-tied devices. There is a rapid increase in the number of renewable energy projects which in turn boost the demand for testing and manufacturing equipment used for renewable power generation. The demand for AC power sources is driven by an increasing need for testing and manufacturing equipment used in renewable power generation and government initiatives for clean and efficient power generation.
Asia Pacific: the leading AC power sources market
In this report, the AC power sources market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific market is expected to lead the AC power sources market by region. The growth of the AC power sources market in the Asia Pacific region can be attributed to increased testing of consumer electronics & appliances, equipment used in renewable power generation, and development of smart cities infrastructure.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the AC power sources market. They are AMETEK Inc (US), Chroma ATE (Taiwan), Keysight Technologies (US), Kikusui Electronics Corporation (Japan), Pacific Power Source (US), and Matsusada Precision (Japan). The leading players are trying to enter the market of developing economies and are adopting various strategies to increase their market shares.
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
According to the new market research "Asia Pacific Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (<100kVA, 100-350kVA, 350-1000-2500kVA, 2500-5000kVA, >5000kVA), Application (Standby, Continuous, Peak Shaving), End-User, Country - Forecast to 2025", published by MarketsandMarkets™, size is projected to reach USD 8.8 billion by 2025 from an estimated USD 6.8 billion in 2020, at a CAGR of 5.1% during the forecast period. Increasing demand for uninterrupted and reliable power supply in several industries is driving the growth of the market. Moreover, the electrification of rural areas in developing countries is likely to provide opportunities for Asia Pacific generator sales industry. The industrial end-user segment is expected to grow at the highest CAGR from 2020 to 2025.
Industrial generators ensure a continuous supply of power in the event of power failure from the grid system. Thus, such generators guarantee an efficient performance of the equipment, in case there are breaks on the electric supply. Moreover, mining industries raise the demand for diesel generators as they provide over 70% of all the power needed in mining operations by heavy-duty equipment, such as excavating machinery, drillers, conveyor belts, and cranes. Developing countries, such as China, India, and Thailand, are witnessing rapid industrialization and have introduced several policies to support industrial growth, including adequate power supply. Thus, industries keep generators for peak shaving time to continue their operations irrespective of power outages in remote locations. These factors drive the growth of the industrial generator sales market.
The 2,500–5,000 kVA power rating segment is expected to grow at the highest CAGR in the Asia Pacific generator sales industry during the forecast period.
Generators with a capacity of 2,500–5,000 kVA are mostly used in large manufacturing facilities, power generation, and commercial sectors—the end-users select generator capacity based on their requirements. For instance, in 2018, GE Renewable Energy and GE Power provided 270 MW of wind energy capacity to Wind Energy Holding for the Theparak Wind Farm in Central Thailand. Such developments drive the demand for electric generators as electromechanical generators in power plants generate power. Therefore, high demand in the power generation sector is expected to emerge as key revenue pockets for the 2,500–5,000 kVA generators in the Asia Pacific Generator Sales Market.
The standby segment is expected to grow at the highest CAGR during the forecast period.
Standby power generators are used in applications requiring a regular power supply to carry out operations. Their primary function is to supply emergency power for a limited duration during a power outage. Moreover, commercial buildings, such as the telecom industry, hospitals, data centers, and office buildings, require emergency power. Hospitals and data centers consume a large amount of energy and require generator sets that are reliable and ensure continuous power supply in the event of grid failure and power outages. Also, in the Asia Pacific region, the use of standby diesel generators is high due to the availability of fuel and as it offers continuous power supply during peak hours. Further, standby gensets are witnessing increasing demand due to the increased demand from hospitals and data centers for uninterrupted and reliable power supply in the Asia Pacific region.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Asia Pacific Generator Sales Market. The major players in the Asia Pacific generator sales industry are Caterpillar (US), Cummins (US), Generac (US), Wärtsilä (Finland), Mitsubishi Heavy Industries (Japan), Rolls-Royce Holdings (UK), Yanmar (Japan), Siemens (Germany), Weichai Group (China), and Sterling & Wilson (India). These players are adopting various strategies to increase their share in the Asia Pacific Generator Sales Market. Contracts & agreements, and new product launches have been a widely adopted strategy by the major players in the generator sales industry.
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Browse 167 market data Tables and 38 Figures spread through 208 Pages and in-depth TOC on "Motor Control Centers Market - Global Forecast to 2024"
