Busbar Trunking System Market Continues to Show Positive Growth

The busbar trunking system market is expected to grow at a CAGR of 6.88%, from 2017 to 2022, to reach a market size of USD 8.85 billion by 2022. Increased adoption of energy efficiency practices, various operational and technical advantages to the potential end-users, and growing demand for power are the major drivers of the busbar trunking system market.

The busbar trunking system market is dominated by a few major players that have a wide regional presence and are established brand names. Leading players in the busbar trunking system market, such as ABB, Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric (France), General Electric (U.S.), and Eaton Corporation, Plc (Ireland), have either acquired regional companies or made a joint venture with the ones operating in the busbar trunking system market to bolster their product portfolio and to enhance their global reach.

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With regard to the end-user segment, the industrial sector is expected to constitute the fastest growing market from 2017 to 2022. There are several key areas in the industrial sector where busbar trunking systems are installed. For instance, they are used to deliver consistent power supply to the production floor. It is used by manufacturers of motor drives, fork lift trucks, welding machines, power generators, and industrial testing machines among others.

The report segments the busbar trunking system market, based on conductor type, into copper and aluminum conductors. The copper conductor would account for the maximum share in the busbar trunking system market. The energy efficient and compact nature of copper busbar trunking system makes it more suitable for applications such as high-rise buildings, shopping complexes, IT parks, manufacturing, and process industries. The aluminum conductor on the other side is cost effective as compared to copper busbar trunking systems, which makes it suitable for small and medium enterprises.

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Asia-Pacific is estimated to be the fastest growing market for busbar trunking systems from 2017 to 2022. Escalating demand for electricity and increasing government mandates in countries such as Japan, Australia, China, South Korea, and India are driving the demand for busbar trunking systems in this region. The growing power sector in India is also expected to spur the growth of the market and represents a promising opportunity for major busbar trunking system providers. India is expected to grow at the fastest rate during the forecast period. Countries such as Japan and China are also expected to witness a significant growth during the same period.

Industrial Wastewater Treatment Service Market Growth by a CAGR of 6.1% CAGR to Cross $28.0 bn by 2024

According to the new market research report "Industrial Wastewater Treatment Service Market by Service Type (Design, Installation, Operations, Maintenance), Treatment Method (Filtration, Disinfection, Desalination), End User (Power, Oil & Gas, Pulp & Paper), Region - Global Forecast To 2024", published by MarketsandMarkets™, Industrial Wastewater Treatment Service Market is projected to reach USD 28.0 billion by 2024 from an estimated USD 20.8 billion in 2019, at a CAGR of 6.1% during the forecast period. This growth can be attributed to factors such as growth in water intensive industries such as pulp & paper and textile in the developing regions. The dyeing process in the textile industry is a major water intensive process, and it has a massive water requirement. Similarly, the requirement for treating the wastewater generated is expected to rise massively with the stringent environmental regulations across several nations.

The power generation segment is expected to be the largest Industrial Wastewater Treatment Service Market, by end-user, during the forecast period.

The power generation segment is estimated to dominate the Industrial Wastewater Treatment Service Market in 2019 and is projected to be the largest market during the forecast period. This is mainly because of a significant increase in the requirement of power generation, especially in developing regions such as Asia Pacific. For instance, countries such as China, India, Japan, and South Korea are ensuring that the power requirement of the people is addressed adequately through various schemes. The growing demand is causing an increase in the number of power generation units to cater to this demand, resulting in a rise in wastewater generation. Thus, there is a rising need for treating the wastewater generated from these power generation units.

Browse and in-depth TOC on “Industrial Wastewater Treatment Service Market”

46 - Tables

35 - Figures

168 - Pages

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The filtration segment is expected to be the fastest growing Industrial Wastewater Treatment Service Market, by treatment method, during the forecast period.

The treatment method segment deals with the treatment methods and processes of the Industrial Wastewater Treatment Service Market. Filtration is usually needed before sanitation treatments, to remove particles that can distribute sediment, pathogens, and algae. The filtration segment is expected to hold the largest market share during the forecast period.  The major types of filtration processes include chlorine filtration, Ultraviolet (UV) filtration, and Ozone filtration. Among these processes, UV filtration is a hugely cost intensive process, followed by the Ozone filtration process. These processes’ overall cost is more than that of processes such as disinfection and desalination. Thus, the filtration process is expected to dominate this segment due to the aforementioned factors.

Asia Pacific: The leading Industrial Wastewater Treatment Service Market.

In this report, the Industrial Wastewater Treatment Service Market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global Industrial Wastewater Treatment Service Market in 2019, owing to the growth in the industrial, manufacturing, textile, pulp & paper, and power generation industries in countries such as China, India, and Japan. These are rigorous water intensive industries and simultaneously eject a lot of industrial wastewater. Thus, a major scope of industrial wastewater exists in these regions.

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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 Industrial Wastewater Treatment Service Market. Some of the key players are Veolia (France), SUEZ (France), Xylem (US), Thermax Group (India), Ecolab (US), Pentair (UK), Evoqua Water Technologies (US), WOG Group (US), SWA Water Holdings (Australia), Aries Chemical (US), Terrapure Environmental (Canada), and Golder Associates (Canada). The leading players are adopting various strategies to increase their share in the Industrial Wastewater Treatment Service Market.

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Micro Turbines Market 2022: Anticipating a CAGR of 9.46% Growing Adoption of Combined Heat and Power

The micro turbines market is expected to grow from an estimated USD 159.7 Million in 2017 to USD 251.0 Million by 2022, at a CAGR of 9.46%, during the forecast period. The market is set to grow due to increasing efforts to reduce global greenhouse gas emissions, growing adoption of combined heat and power (CHP), and increasing demand for clean energy worldwide.

Browse 70 Market Data Tables and 36 Figures spread through 132 Pages and in-depth TOC on "Micro Turbines Market”

The combined heat and power segment is expected to hold the largest share of the micro turbines market, by application, during the forecast period.

Micro turbines find application mainly in CHP plants. The global market, in terms of value, for micro turbines used in CHP-based applications was the highest and it accounted for a major share of the total market. Cogeneration or CHP is highly efficient and can achieve primary energy savings of nearly 40%. Moreover, they are installed close to the end-user, which helps in reducing T&D losses. They also have lower total emissions since the exhaust is utilized for other operational purposes. Thus, CHP application segment leads the micro turbines market.

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The 50–250 kW power rating segment is expected to be the largest segment of the micro turbines market in 2017

The report segments the micro turbines market, on the basis of rated capacity, into 12–50 kW, 50–250 kW, and 250–500 kW. The 50–250 kW micro turbines have been widely accepted in the past few years. Capstone Turbine, Ansaldo, and FlexEnergy are the major providers of these micro turbines in the global market. The market for the 50–250 kW rated micro turbines will be driven by the many upcoming CHP-based power plants in Asia Pacific and North America. The replacement of old coal-fired power generation capacity in the US with new large capacity gas-fired power plants will also boost the market.

North America: Expected to be the leading market for micro turbines during the forecast period.

In this report, the micro turbines market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The market in North America is expected to continue leading the market. Urbanization, industrialization, and fast economic growth have led to an increase in the demand for electric power.  To meet this growing demand aging infrastructure is being replaced with new power plants, especially gas-fired ones, which use micro turbines.

Objectives of the study:

·         To define, describe, and forecast the micro turbines market by power rating, application, end-user, and region

·         To provide detailed information regarding the major factors influencing the growth of the micro turbines market (drivers, restraints, opportunities, and industry-specific challenges)

·         To strategically analyze the micro turbines market with respect to individual growth trends, future prospects, and the contribution of each segment to the market

·         To track and analyze competitive developments, such as contracts & agreements, new product launches, expansions and investments, and partnerships and collaborations in the micro turbines market

·         To strategically profile the key players and comprehensively analyze their market shares and core competencies

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the micro turbines market. These include Capstone Turbine (US), FlexEnergy (US), Ansaldo Energia (Italy), MTT (Netherlands), and Toyota Turbine and Systems (Japan). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.