Inverter Market Report Global Industry Statistics & Regional Outlook to 2027

The report "Inverter Market by Type (Solar Inverters, Vehicle Inverter, others), Output Power Rating (Upto 10 kW, 10-50 kW, 51-100 kW, above 100 kW), End User (PV Plants, Residential, Automotive), Connection, Voltage, Sales Channel & Region - Global Forecast to 2027", is expected to grow at a CAGR of 15.7% during the forecast period, from an estimated USD 16.3 billion in 2022 to USD 33.8 billion in 2027. Increasing adoption of inverters worldwide in case of power back-ups, rise in the investments and technological developments in PV systems to generate clean power is fueling demand for inverters. The rise in the roof top installations, and developments in the smart grid infrastructure are creating numerous opportunities for inverter manufacturers.

Browse 174 market data Tables and 59 Figures spread through 223 Pages and in-depth TOC on "Inverter Market - Global Forecast to 2027"

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The 100–300 V, by output voltage, is expected to be the largest and fastest inverter market during the forecast period

The 100–300 V holds the largest share of the global inverter market. The increase in the urbanization has increased the electricity demand in the various sectors. One such sector is residential sector where there is increased electricity demand. The AC voltage that is operated in this sector generally lies in between 100–300 V. Due to rise in the number of roof-top solar installations and as well as the power backup systems in households. This is fuelling the demand for inverters which are in connection with the PV systems and power backup systems in the range of 100–300 V in the market.

Above 100 kW segment is anticipated to be the fastest-growing inverter market by output power rating, during the forecast period

Above 100 kW segment is expected to have the largest market share during the forecast period. Government initiatives in increasing the renewable energy mix in their countries contributed to the rise in the developments of PV plants is fuelling the demand for above 100 kW output power rating inverters. The expanding automotive industry towards manufacturing electric vehicles is also contributing to the growth of the segment.

Asia Pacific is expected to dominate the global inverter market during the forecast period

In this report, the inverter market has been analyzed for 5 regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Asia Pacific is expected to lead the market during the forecast period.

The inverter market in Asia Pacific is witnessing significant developments in the renewable energy generation due to climate change actions taken by various countries in the region, which has supported the demand for inverters across countries of the region. China is among the fastest growing economies in the world and the increase automation in the country has tremendously increased power generation and consumption. These factors have made China one of the most lucrative markets for the power industry. Moreover, the government policies and schemes supporting solar energy generation in the country is expected to contribute to the growth of the inverter market in Asia Pacific. Policies like feed-in-tariff, and net metering have also been designed to support the growth of roof top solar installations. These factors are likely to create a huge demand for inverters in the region.

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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 inverter market. These include Huawei Technologies (China), Sungrow Power Supply (China), SMA Solar Technology (Germany), Power Electronics (Spain), FIMER (Italy). 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.

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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Switchgear Market to Witness A Phenomenal Growth by 2027

 According to the new market research report "Switchgear Market by Insulation (Gas-insulated Switchgears, Air-insulated Switchgears), Installation (Indoor, Outdoor), Current (AC, DC), Voltage (Low (up to 1 kV), Medium (2–36 kV), High (Above 36 kV), End User and Region - Global Forecast to 2027", published by MarketsandMarkets™, the Switchgear Market size is estimated to be USD 120.1 billion by 2027 (forecast year) from USD 90.9 billion in 2022 (estimated year), at a CAGR of 5.7% during the forecast period. The Switchgear Market, is expected to witness significant growth during the forecast period, owing to the strengthening of power distribution infrastructure, increase in renewable energy capacity addition, and increased investment in industrial production. However, emerging smart technologies and digitalization along with the growing usage of high-voltage direct systems will also drive the market for switchgear.

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Air-insulated switchgears is expected to occupy majority of the Switchgear Market share

Air-insulated switchgears segment, by insulation, is projected to hold the highest market share during the forecast period owing to the rising demand from the expanding distribution networks, industries, and commercial and residential sectors. AIS is a common type of low and medium-voltage switchgears. They are relatively cost-effective, pollution-free, and have simple construction compared to gas-insulated switchgears.

Browse in-depth TOC on "Switchgear Market"
152 – Tables
62 – Figures  
250 – Pages

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Medium voltage segment by voltage is expected to grow at the highest CAGR from 2022 to 2027

Based on the voltage, the medium (2–36 kV) voltage segment is estimated to be the fastest-growing market from 2020 to 2027. They are generally used in all end-user segments, particularly in the manufacturing and process industries and T&D utilities. They protect industrial equipment, such as generators, motors and compressors, HVAC & air conditioning, heating & lighting equipment, overload current protection, and T&D sub-stations. Diesel-electric locomotives are rapidly being replaced by electric or battery-electric locomotives to reduce emissions in the railways sector which is expected to drive the growth of the medium (2–36 kV) voltage Switchgear Market.

Asia Pacific likely to emerge as the largest Switchgear Market

Asia Pacific accounted for the largest share in the global Switchgear Market during the forecast period. The rapid industrial growth is expected to drive the market of switchgear in the region. Also, the growth of population in the region will expand the housing infrastructure. Major economies such as China, Japan, and India have set ambitious natural gas and solar & wind-based renewable power generation targets to diversify their energy mix in the coming years. Therefore, efforts are being taken across these countries to upgrade aging infrastructure to ease the integration of renewables in the national grid. Electrification is also being carried out rapidly in this region, especially in remote parts. This could be a driving factor for the growth of the switchgear in Asia Pacific.

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Schneider Electric (France), ABB (Switzerland), General Electric (US), and Eaton (Ireland), and Siemens (Germany), and are the key players in the global Switchgear 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 pain points 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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Mr. Aashish Mehra 
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Cryogenic Pump Market Worth $1.5 Billion by 2027

 According to the new market research report "Cryogenic Pump Market by Orientation, Design (Submersible, Non-Submersible), Type, Cryogen (Nitrogen, Argon, Oxygen, LNG, Helium, Hydrogen), End User (Energy & Power, Chemicals, Metallurgy, Healthcare & Pharmaceuticals) & Region - Global forecast to 2027", published by MarketsandMarkets™, the Cryogenic Pump Market  is projected to reach USD 1.5 billion by 2027 from an estimated market size of USD 1.2 billion in 2022, at a CAGR of 4.6% during the forecast period. The rise in demand for cryogenic pumps from the energy & power industry, especially the oil & gas sector, is the primary driver of market growth. On the contrary, the volatility in raw material prices and interference from gray market players restrain the growth of the market.

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Nitrogen: The largest segment of the Cryogenic Pump Market, by equipment

The Cryogenic Pump Market, by cryogen, is segmented into nitrogen, argon, oxygen, LNG, helium, hydrogen, and other cryogens. Other cryogens include nitrous oxide, ethylene, and carbon dioxide. The nitrogen segment is expected to hold the largest size of the market for Cryogenic Pump Market. The high market share of the nitrogen segment can be attributed to the high demand for liquified nitrogen from the energy & power and electronics industries.

Browse in-depth TOC on "Cryogenic Pump Market"

248 – Tables
54 – Figures
264 – Pages

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The energy & power segment is expected to be the most significant Cryogenic Pump Market, by end user

The Cryogenic Pump Market, by cryogen, is segmented metallurgy, energy & power, chemicals, electronics, healthcare & pharmaceuticals and others. Others include food & beverage, shipping and infrastructure industries. The enhanced demand from the energy & power industry, especially from the oil & gas sector is expected to drive the growth of the segment.

Asia Pacific is expected to dominate the global Cryogenic Pump Market

The Asia Pacific region is estimated to be the largest market for the Cryogenic Pump Market, followed by North America. The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The growth of the Asia Pacific Cryogenic Pump Market is expected to be primarily driven by the development of energy & power and metallurgy industries in the emerging economies such as India and China.

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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 Cryogenic Pump Market. These players include Atlas Copco AB (Sweden), EBARA CORPORATION (Japan), SHI Cryogenics Group (Japan), Nikkiso Co., Ltd. (Japan) and Fives Group (France).

Browse Related Reports:

Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-User (Energy, Chemicals, Metallurgy, Transportation), System Type (Storage, Handling, Supply) & Region - Global forecast to 2027

Cryogenic Tanks Market by Raw Material (Steel, Nickel Alloy), Cryogenic Liquid (Liquid Nitrogen, LNG), Application (Storage, Transportation), End-use Industry (Metal Processing, Energy Generation, Electronics), and Region - Global Forecast to 2024

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.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Northbrook, IL 60062
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Email: newsletter@marketsandmarkets.com

Waste Management Market to Garner Brimming Revenues by 2026 | Waste Management, Veolia, SUEZ

Waste Management Market New Revenue Pockets:

The global waste management market size is projected to reach USD 542.7 billion by 2026 from an estimated value of USD 423.4 billion in 2021, growing at a CAGR of 5.1%. Stringent regulations of governments worldwide for better management of waste and initiate environmental protection; strong focus of several governments to conduct awareness programs showcasing importance of waste segregation and waste management; technological advances and shortened life cycle of electronic products help in increasing e-waste are the key factors driving the waste management market.

The waste management market is dominated by major players that are established brand names with an extensive regional presence, along with many local and regional players in emerging economies. The key players in the waste management market include companies such Waste Management (US), Veolia (France), Republic Services (US), SUEZ (France), and Waste Connections (US).

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The e-waste segment by waste type is estimated to be the largest market for waste management, from 2021 to 2026. The growth of the wired segment is driven by the rapid urbanization, transforming urban mobility, and increased need to reduce carbon emissions. The market for the e-waste segment in Asia Pacific is expected to grow at the highest CAGR during the forecast period. E-waste includes electrically powered component waste. They include appliances such as computers, consumer electronics, and refrigerators. E-waste is a mixture of useful and hazardous materials that demand careful handling and recycling of materials. Thus, e-waste management has gained importance globally to secure the environment from the adverse effects of the materials such as lead and plastics.

Based on service type, the recycling segment is expected to grow at the fastest CAGR from 2021 to 2026. The growth of this segment is driven owing to high essentiality to reduce greenhouse gas emission. Recycling, recovery, and reprocessing of waste materials are useful to produce new products. The basic phases in recycling are the collection of waste materials, their processing into new products, and purchasing of those products, which may then themselves be recycled. Typical materials that can be recycled are iron and steel scraps, aluminum cans, glass bottles, paper, wood, and plastics. The materials reused in recycling serve as substitutes for raw materials obtained from such increasingly scarce natural resources as petroleum, natural gas, coal, mineral ores, and trees. Recycling can help reduce the quantities of solid waste deposited in landfills, which has become increasingly expensive. Recycling also reduces the pollution of air, water, and land, resulting from waste disposal. Recycling helps reduce energy usage, decrease the amount of new/fresh raw materials, and minimize greenhouse gas emissions.

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The residential segment is estimated to account for the largest share of the waste management market in 2020, and this trend is expected to continue during the forecast period. Ever-increasing population and significant solid waste generation to drive demand for waste management services from residential segment. Waste generated from residential end users can be used for generating energy through waste-to-energy plants by burning solid waste to produce steam in a boiler and can also be is used to generate electricity.

The waste management market has been segmented, by region, into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The Asia Pacific region is projected to grow at the fastest rate, from 2021 to 2026, followed by Europe. The region has been segmented, by country, into China, Japan, India, Australia, South Korea, and Rest of Asia Pacific. Rest of Asia Pacific mainly includes Singapore, Malaysia, Thailand, and Indonesia. The population growth in the region, the high disposable income of the people, and the increased demand for packaged food products are among a few major factors that drive the growth of waste management in the region. Asia Pacific is also a key contributor to marine plastic pollution. The materials involved include plastic bottles, plastic bags, single-use plastic items, and plastic packaging, among others. Key countries responsible for this kind of pollution include China, Indonesia, and Thailand.

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In addition, the rise in well-being and prosperity of urban residents is linked closely to increased consumption and production patterns with consequences for waste streams. Increased municipal solid waste is particularly noticeable in low- and middle-income countries. In these countries, the rate of waste generation has risen quickly and is expected to accelerate over the next decade and beyond. According to the United Nations’ Economic and Social Commission for Asia and the Pacific (UNESCAP), between 50% and 65% of municipal solid waste in low- and middle-income countries is organic and can be turned into high-quality compost for use in agriculture, gardening, or landscaping or converted to biogas to produce heat and electricity. There are also significant opportunities for recycling inorganic materials, such as glass, plastic, and metal. Moreover, the manufacturing of new glass‐based materials also has an ultimate opportunity for open‐loop recycling and has more environmental benefits than that of landfilling. Between 25 and 35% of municipal solid waste is recyclable inorganic waste; this proportion will increase over the coming decades with further development of countries, leading to rising demand for waste management.

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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.

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MarketsandMarkets™ INC.
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Power Quality Equipment Market 2021: key players, growth and demand drivers to 2026

Global Power Quality Equipment Market Overview:

The power quality equipment market is projected to reach USD 46.1 billion by 2026 from an estimated USD 32.4 billion in 2021, at a CAGR of 7.3% during the forecast period. Reducing overall carbon footprint from electrical devices by improving power quality and maximizing financial costs and energy savings are the key factors driving the growth of the power quality equipment market. The worldwide increase in adoption of smart grid technologies and the integration variable renewable energy with power grids are expected to offer profitable opportunities for the power quality equipment market during the forecast period.   

Key Market Players:

Some of the key players are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), and General Electric (US).  The leading players are adopting various strategies to increase their share in the power quality equipment market.

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The power quality equipment market in Asia Pacific is projected to be the fastest growing market at during the forecast period. The market in this region has been studied for China, Japan, India, and the Rest of Asia Pacific (South Korea, Australia, Thailand, Vietnam, and Malaysia). The power quality equipment market in Asia Pacific is dominated by China and India. The surging demand for electricity and the growing requirement to increase renewable power generation capacity encourage utilities in these countries to invest in transmission and distribution infrastructures. Asia Pacific is expected to invest USD 9.8 billion in developing smart grid infrastructures from 2018 to 2027. In addition, the development of smart grids in countries such as China, Japan, South Korea, and India is supported by regulations that either encourage or mandate their development. The growth of the market in this country is driven by the increasing investments in transmission and distribution infrastructures and the growing adoption of renewable energy in China.

The power quality equipment market, by phase, is segmented into single phase and three phase. The three phase segment is projected to lead the power quality equipment market from 2020 to 2026. Three-phase power quality equipment are used in utilities, along with industrial and transportation sectors since three phase is commonly used by consumers globally.

Based on equipment, the power quality equipment has been segmented into surge arresters, surge protection devices, harmonic filters, power conditioning units, power distribution units, uninterruptable power supplies, synchronous condensers, voltage regulators, digital static transfer switches, static VAR compensators, solid oxide fuel cells, isolation transformers, and power quality meters. The uninterruptable power supplies segment accounted for the largest share of power quality equipment market in 2020. These supplies provide stable and reliable power to critical safety-related loads such as emergency lights and medical equipment, reduce or avoid production losses, minimize or eliminate production damage, avoid product or facility damages, and reduce or avoid electricity-using equipment damages.

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Based on end user, the power quality equipment market has been segmented into industrial and manufacturing, commercial, utilities, transportation, and residential. The industrial and manufacturing segment is projected to hold the largest market size of the power quality equipment market from 2021 to 2026. The growth of this segment is driven by rise in demand for uninterrupted power supply to machines used in manufacturing and process industries as any interruption or breakdown can result in significant losses due to the loss of production time. Utilities are the key consumer of power quality equipment owing to the fact that the sheer size of electrical networks operated by utilities is larger than the industrial and transportation electric infrastructures.

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Solid Oxide Fuel Cell Market by Type (Planar & Tubular), Application (Portable, Stationary, & Transport), End User (Commercial & Industrial, Data Centers, Military & Defense, and Residential ) and Region - Global Forecasts to 2027

https://www.marketsandmarkets.com/Market-Reports/solid-oxide-fuel-cell-market-39365796.html 

Surge Protection Devices Market by Type (Hard-Wired, Plug-In, and Line Cord), Discharge Current (Below 10 kA, 10 kA–25 kA, and above 25 kA), End-User (Industrial, Commercial, and Residential), and Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/surge-protection-device-market-89236426.html 

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Smart Ports Market 2026 Expected to Rise at A Higher CAGR Value, Driving Factors, Sales and Revenue

The smart port market is projected to reach USD 5.1 billion by 2026 from an estimated USD 1.7 billion in 2021, at a CAGR of 23.9% during the forecast period. Increase in dependency on real-time data to increase port efficiency and the growing adoption of digital technologies by seaports are key factors driving the growth of the smart port market. Upgradation and expansion of existing ports to smart ports and adoption of IoT, Artificial Intelligence and Blockchain, are expected to offer profitable opportunities for the smart port market during the forecast period.  

The smart port market in Asia Pacific is projected to be the fastest-growing market during the forecast period. The market in this region has been studied for China, Japan, India, and the Rest of Asia Pacific (South Korea, Australia, Thailand, Vietnam, and Malaysia). The smart port market in Asia Pacific is dominated by China. The growing trade volumes and need to reduce the carbon emission from maritime activities are to attract investment in smart port infrastructure development projects in this region. In terms of port development, the ports in the region have grown in tandem with the economic development of most countries and cities, reflecting the region’s recent rapid economic growth. Asia Pacific is one of the fastest-growing economies in the world due to numerous factors such as international divisional manufacturing, global supply chains, low production cost and each country’s export-led development policies. This has translated into the increasing volume of cargo moving from this region. As major cargo transportation happens through sea routes, owing to which the number of ports in Asia is increasing every year, and the existing ports are witnessing expansion. Automation, informatization, streamlined work processes, implementation of new equipment, and staff training are all part of the plan to increase the efficiency of existing port facilities in the region.

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The smart port market, by technology, is segmented into process automation, IoT, artificial intelligence (AI), and blockchain. The process automation segment is expected to have the largest share as it is a basic technological need to increase efficiency and convert port operations into smart ones. Process automation includes the use of robotics & computers for automating port operations. It also includes the integration of sensors, networks, standards, augmented intelligence, and augmented behavior into the process. This helps in reducing the labor cost and improving the overall process efficiency in port operations. Currently, many ports have autonomous vehicles that carry containers without human intervention.

Based on element smart port market has been segmented into terminal automation & cargo handling, port community system (PCS), traffic management system (TMS), smart port infrastructure, and smart safety & security. The smart port infrastructure segment is projected to lead the smart ports market from 2021 to 2026. It is the most intensive aspect of developing any port into a smart port. With the rise in global trade, it has been observed that the size of vessel and cargo volumes have increased, which has impacted the seaports in terms of managing the operations. Ports are therefore increasing the adoption of smart solutions that will help optimize operations, promote efficiency, and reduce logistics costs without requiring major investment in new infrastructure and equipment. Hence, increasing trade via ports around the world has created a need for investments in the modernization of port infrastructure.

Based on throughput capacity, the smart ports market has been segmented into extensively busy ports, moderately busy ports, and scarcely busy ports. The extensively busy ports segment accounted for the largest share of smart ports market in 2020. Extensively busy ports handle a capacity of more than 18 million TEU per year. Some of the extensively busy ports are in China, Singapore, and South Korea, as they act as a major corridor for trade. These ports comprise smart infrastructure, with high investments in port elements such as terminal automation, cargo handling, port community systems, energy efficiency, environment concerns & waste management, and safety & security.

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Based on port type, the smart ports market has been segmented into seaport and inland ports. The seaport segment is expected to dominate the smart ports market during the forecast period. A seaport is an important interface in the supply chain between sea and land transportation and a component of freight distribution as it acts as the entry point for various products and passengers to a country, as well as the exit door to all the exports to the international markets. Smart technologies are deployed at seaports to support the necessary seaport infrastructure. For instance, smart sensors help port authorities and terminal operators track, operate, and maintain the physical infrastructure and facilities. Smart sensors also help to monitor the condition of vital infrastructure, assisting operators in scheduling predictive maintenance and reducing the need for annual inspections. The data collected from sensors is used by port operators for cargo handling, as well as to ensure fewer emissions.

 

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
sales@marketsandmarkets.com

 

Large-scale Natural Refrigerant Heat Pump Market to Reach $9.1 Billion by 2027

According to the new market research report "Large-scale Natural Refrigerant Heat Pump Market by Refrigerants (Ammonia (R717), Carbon Dioxide (R744), Hydrocarbons), Capacity (20-200 kW, 200-500 kW, 500-1,000 kW, Above 1,000 kW), End Use (Commercial, Industrial), Region - Global Forecast to 2027", published by MarketsandMarkets™, the Large-scale Natural Refrigerant Heat Pump Market is projected to reach USD 9.1 billion by 2027 from an estimated market size of USD 5.8 billion in 2022, at a CAGR of 9.4% during the forecast period. The factors driving the growth for Large-scale Natural Refrigerant Heat Pump Market is increasing visibility of contribution of large-scale natural refrigerant heat pump technology in reducing the carbon footprint.

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Carbon dioxide (R-744) natural refrigerant is estimated to be the largest and the fastest growing in the natural refrigerants segment.

The Large-scale Natural Refrigerant Heat Pump Market, by natural refrigerant, is segmented into Ammonia (R717), Carbon Dioxide (R744), Hydrocarbons, and other refrigerants such air, water. The Carbon Dioxide (R744) natural refrigerant is estimated to have the largest market share and is expected to grow at the highest rate during the forecast period. The higher growth rate of this segment is due to high heat carrying capacity and non toxic chemical property.

Browse in-depth TOC on "Large-scale Natural Refrigerant Heat Pump Market" 
152 – Tables 
45 – Figures 
180– Pages

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The Industrial segment is expected to be the most significant Large-scale Natural Refrigerant Heat Pump Market, by end use

The Large-scale Natural Refrigerant Heat Pump Market, by end use, is segmented into commercial, and industrial. The industrial segment accounted for the largest share of 56.2% of the Large-scale Natural Refrigerant Heat Pump Market in 2021. Increasing Government initiatives to enhance energy efficiency in the industrial sector is expected to drive the industrial segment during the forecast period.

North America is expected to dominate the global Large-scale Natural Refrigerant Heat Pump Market

The North America region is estimated to be the largest market for the Large-scale Natural Refrigerant Heat Pump Market, followed by Asia Pacific. The North America region is projected to be the fastest-growing market during the forecast period. The growth of the North American Large-scale Natural Refrigerant Heat Pump Market is expected to be driven by government-led initiatives to reduce air pollution caused by the conventional sources of energy used for heating in the commercial, and industrial sectors.

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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 Large-scale Natural Refrigerant Heat Pump Market. These players include Siemens Energy (Germany), Johnson Controls (Ireland), Emerson Electric Co. (US), GEA Group Aktiengesellschaft (Germany), and Mitsubishi Electric Corporation (Japan).

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