Market Industry Trends

Tuesday, September 3, 2019

Combined Heat & Power Market, 2023 - Major Manufacturers are GE, Siemens, 2G Energy, Wärtsilä, Mitsubishi Hitachi Power System, FuelCell Energy, and Clarke Energy

According to the market report published by MarketsandMarkets™, "Combined Heat & Power Market by Capacity (>10 MW, 10-150 MW, 151-300 MW, >300 MW), Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell), End-User (District Energy, Residential, On-Site Industrial & Commercial) - Global Forecast to 2023", The global Combined Heat & Power Market is estimated to reach USD 20.69 Billion in 2018 and is projected to reach USD 27.01 Billion by 2023, at a CAGR of 5.48%, during the forecast period. The market is set to grow due to the increasing demand for energy efficiency and government incentives and programs to promote Combined Heat & Power.

https://www.marketsandmarkets.com/Market-Reports/combined-heat-power-market-26572447.html

The Above 300 MW segment is expected to hold the largest share of the combined heat & power market, by capacity, during the forecast period.

The Above 300 MW segment consists of large coal, nuclear, or natural gas fired power plants, with gas turbines and steam turbines as the prime movers. The segment caters mainly to the utilities, district heating & cooling end-users. The segment is expected to be driven by the rising adoption of natural gas fired power generation in the Asia Pacific region, particularly in China and South Korea. The phasing out of coal-based power generation has given rise to large-scale natural gas-fired cogeneration plants. The rapid demand for heat and steam in industries and requirement of municipal district heating & cooling is driving the growth in this segment. The shale gas boom in North America is another driving factor for growth in this segment, with utility-scale natural gas fired power plants being set up in the region.

Browse and in-depth TOC on “Combined Heat & Power Market”

77 - Tables

35 - Figures

138 - Pages

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The utilities, district heating & cooling segment is expected to dominate the combined heat & power market, by end-user, in 2018.

The utilities, district heating & cooling segment refers to the supply of thermal energy generated at a central facility for applications such as space heating or water heating, steam provision throughout a city or district, and industrial complex or for cooling through trigeneration to provide chilled water. Utilities can use CHP systems to monetize heat generated as a by-product of electricity generation, combined with the savings from high operational efficiency of these systems to up to as much as 80% as compared with just 30% for non-CHP setup. The market for utilities, district heating & cooling segment will be driven by increasing energy efficiency regulations and compliance needs for utilities, the need to reduce carbon emissions and the cost savings offered by CHP systems, especially in regions of Europe and Asia Pacific.

Asia Pacific: Expected to be the leading market for Combined Heat & Power during the forecast period.

The Combined Heat & Power Market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. The market in Asia Pacific is expected to lead the Combined Heat & Power market, by region. The increase in natural gas in the energy mix and need for energy efficiency in countries such as China, South Korea, and India is driving the market for Combined Heat & Power in the region. Rise in distributed power generation and emerging technologies such as fuel cell based micro-CHP has opened new opportunities for growth in the region.

Scope of the Report:

By Capacity

Up to 10 MW
10–150 MW
150–300 MW
Above 300 MW

By Prime Mover

Gas Turbine
Steam Turbine
Reciprocating Engine
Fuel Cell
Microturbine

By Fuel

Coal
Natural Gas
Biogas/Biomass
Nuclear
Diesel
Others (Biodiesel and Geothermal)

· Up to 10 MW

· 10–150 MW

· 150–300 MW

· Above 300 MW

By Prime Mover

· Gas Turbine

· Steam Turbine

· Reciprocating Engine

· Fuel Cell

· Microturbine

By Fuel

· Coal

· Natural Gas

· Biogas/Biomass

· Nuclear

· Diesel

· Others (Biodiesel and Geothermal)

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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 Combined Heat & Power market. These include GE (US), Siemens (Germany), 2G Energy (Germany), Wärtsilä (Finland), Mitsubishi Hitachi Power System (Japan), FuelCell Energy (US), and Clarke Energy (UK). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

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Monday, September 2, 2019

Smart Transformers Market: Worldwide Market Forecast, 2017-2022 with ABB, Siemens, Schneider Electric, Eaton, and General Electric Leading the Competition

The global smart transformers market is projected to grow at a CAGR of 10.54%, from 2017 to 2022. The market in Asia Pacific is estimated to be the largest market for smart transformers, followed by the North American market in 2017. This trend is expected to continue till 2022. The growth of the smart transformers market is driven by aging infrastructure, increasing emphasis on alternative energy production across the globe, improving and evolving technologies, digitalization of power utilities, and huge investments in smart grids and energy systems.

The smart transformers market is dominated by a few major players that have a wide regional presence and are established brand names. The leading integrated solution providers in the smart transformers market include ABB, GE, Siemens, Schneider Electric, and Eaton.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=15362928

The major strategies adopted by the players include contracts & agreements, new product launches, expansions and investments, mergers & acquisitions, and joint ventures and collaborations. Contracts & agreements was the most commonly adopted strategy from January 2014 to July 2017. Industry players also adopted new product developments, which was the second most widely followed strategy, during the same period. A few key integrated solution providers have been highlighted in the section below.

ABB is a power and automation technology company that offers a wide range of products, services, and systems. The company has a strong regional footprint with its presence in more than 100 countries. With an installed base of more than 70,000 control systems connecting 70 million devices, ABB is one of the fastest growing companies in the digitally connected and enabled industrial equipment. It adopts inorganic growth strategies as its key business strategy to expand its business in untapped markets. The

ABB power grid business segment provides smart transformers that caters to various end-use industries, such as utilities, industry, and transport and infrastructure globally. In March 2017, ABB launched its first digital transformer, TXper. The transformer will provide the integrated sensing and monitoring technology in intelligence to maximize reliability, optimize operating and maintenance costs, and manage the asset more efficiently. This latest innovation uses cloud computing and connected devices to generate actionable data for a broad range of customers.

Browse Full Report With TOC@ https://www.marketsandmarkets.com/Market-Reports/smart-transformers-market-15362928.html

GE is one of the leading technology and financial services company that manufactures products for generation, transmission and distribution, control, and utilization of electricity. It is a transforming industry with software-defined machines and solutions. Since its inception, the company has adopted inorganic growth strategies to broaden its business and improve the scope of activities. It has its presence in approximately 180 countries, with 206 manufacturing plants located in 40 states in the US and Puerto Rico, and 295 manufacturing plants located in 39 other countries. The company provides smart transformers through its power business segment serving several end-use industries, such as, power generation, industrial, government, and other customers worldwide. In October 2014, GE received a contract from Georgia Power (US) to deliver a complete transformer monitoring solution for its electrical grid infrastructure.