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.

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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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Heat Pump Water Heater Market by type (Air Source, Geothermal), Storage (Up to 500 L, 500–1000 L, Above 1000 L), Capacity (Up to 10 kW, above 10 kW), Refrigerant (R410A, R407C, R744), End-User (Residential, Commercial, Industrial), Region - Global Forecast to 2026

Commercial Water Heaters Market by Type (Electric, Gas, Oil, Heat Pump, Solar, Hybrid & Others), Liter(Below 500, 500-1,000, 1,000-3,000, 3,000-4,000 & more), Rated Capacity (Up to 10kW, 10-50kW, 50-150kW & more),and Region - Global Forecast to 2026

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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Fuel Cell Market Worth $9.1 Billion by 2027 – Emerging Trends and Opportunities Analysis

According to the new market research report "Fuel Cell Market by Type (PEMFC, SOFC, PAFC, MFC, DMFC, AFC), Application (Portable, Stationary, Vehicles (FCV)), Size (Small & Large), End User (Residential, C&l, Transportation, Data Center, Military & Defense, Utility), Region - Global Forecast to 2027", published by MarketsandMarkets™, the global Fuel Cell Market size is estimated to be USD 2.9 billion in 2022 and projected to reach USD 9.1 billion by 2027, at a CAGR of 26.0%. The emissions from vehicles account for more than 15% of the global greenhouse emissions. Hence, governments all over the world are finding alternative power sources for use in the transportation sector. The adoption of fuel cell vehicles (FCVs) in the sector is expected to increase in the near future, as there is zero owing to the absence of CO2 emissions during vehicle operation. Therefore, many automotive manufacturers are making considerable investments to incorporate fuel cell vehicles in their product offerings.

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A key factor driving the growth of the fuel cell industry is government policies and incentives provided for fuel cells. States such as California, Delaware, and Connecticut in the US lead in fuel cell research programs and offer incentives and subsidies for fuel cell installations, leading to the adoption of SOFC and other fuel cells in the US. Earlier, fuel cells installed till December 31, 2016, were eligible for a tax rebate of USD 3,000/kW or 30% of the cost of the project in the US which was one of the market drivers in North America.

Decarbonizing goals to make transportation emission free is expected to result in fuel cell vehicles application segment occupying majority of the Fuel Cell Market share 

The fuel cell vehicles are estimated to have the largest market share by value. Growth of this segment can be attributed to different decarbonization goals set by government to make transportation emission free.

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321 – Pages

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SOFC segment is expected to be the fastest growing market

The growth of this segment can be attributed to flexibility in fuel used by SOFCs and Increasing demand for energy efficient power generation by different end users. Solid oxide fuel cells with an operating temperature of up to 1,000°C are suitable for the extraction of process heat and thus for stationary usage in power stations and combined heat and power plants, as well as for heating systems in residential and commercial & industrial sectors.

Asia Pacific is likely to emerge as the largest Fuel Cell Market

Asia Pacific is estimated to be the largest market for fuel cell during the forecast period. The Asia Pacific market is principally driven by government regulations on energy and climate, strict laws on emission of GHG. The increasing production of vehicles in China, Japan, and South Korea and the growing demand for electric vehicles, especially in China and Japan, are also expected to drive the Fuel Cell Market in the region.

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Bloom Energy (US), Aisin Corporation (Japan), Doosan Fuel Cell Co., Ltd. (South Korea), KYOCERA Corporation (Japan), Plug Power Inc. (US), Ceres (UK), Ballard Power Systems (Canada), and Powercell Sweden AB (Sweden) are the key players in the global Fuel Cell Market.

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Hydrogen Generation Market by Application (Petroleum Refinery, Ammonia & Methanol production, Transportation, Power Generation), Generation & Delivery Mode (Captive, Merchant), Source (Blue, Green & Grey Hydrogen), Technology, and Region-Forecast to 2025

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

Power-to-gas Market by technology (Electrolysis and Methanation), Capacity (Less than 100 kW, 100–999kW, 1000 kW and Above), End-User (Commercial, Utilities, and Industrial), and Region (North America, Europe, Asia Pacific) - 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.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Email: newsletter@marketsandmarkets.com

Industrial Burner Market is Projected to Reach $7.9 Billion in 2027

 According to the new market research report "Industrial Burner Market by Type (Regenerative, High Thermal, Radiant, Direct-Fired), Fuel Type (Oil, Gas, Dual, Solid), End Use (F&B, Petrochemical, Power, Chemical, Metals & Mining), Operating Temperature, Automation, Region - Global Forecast to 2027", published by MarketsandMarkets™, the Industrial Burner Market is expected to grow at a CAGR of 6.1% during the forecast period, from an estimated USD 5.9 billion in 2022 to USD 7.9 billion in 2027. Increasing power generation worldwide coupled with the surging adoption of dual-fuel industrial burners to lower the imprint of depleting fossil fuels is fueling demand for industrial burners. The increasing use of biofuels, hazardous waste, and hydrogen-based industrial burners creates numerous opportunities for industrial burner manufacturers.

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The oil segment, by fuel type, is expected to be the most significant Industrial Burner Market during the forecast period

The oil segment has the largest share of the global Industrial Burner Market owing to the ease of availability of fuel and increasing urbanization and industrialization in the developing economies. Oil is the most efficient fuel type where natural gas is not easily available. Many developing countries lack a proper distribution network for natural gas. In addition, oil-fired industrial burners emit less CO2 in comparison with coal-fired industrial burners.

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53 – Figures 
239 – Pages

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The direct-fired burner segment is anticipated to be the fastest-growing Industrial Burner Market by burner type, during the forecast period

The direct-fired burner is expected to have the largest market share during the forecast period. A direct-fired burner can produce more heat compared to an indirect fired burner, resulting in a smaller equipment footprint. These burners are most commonly used in power plant boilers, which produce high-pressure steam in order to generate electricity. The increasing demand for boilers in the power generation sector and a variety of heating and combustion equipment are the main factors driving the demand for direct-fired burners in the Industrial Burner Market.

Asia Pacific is expected to dominate the global Industrial Burner Market during the forecast period

In this report, the Industrial Burner 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 Industrial Burner Market in Asia Pacific is witnessing significant developments in the power generation and manufacturing sector due to industrialization, which has supported the demand for industrial burners across countries of the region. The industrial sector in China contributes more than 50% of its GDP, and the growth of this sector has tremendously increased power production and consumption in the country. These factors have made China one of the most lucrative markets for the power industry. Moreover, the chemicals and petrochemical sectors are also well-established in the region and are expected to contribute to the growth of the Industrial Burner Market. New policy reforms in India to support the growth of industries have made the country a very lucrative market for OEM manufacturers. This is also likely to create a huge demand for industrial burners 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 Industrial Burner Market. These include including ANDRITZ Group (Austria), NIBE Group (Sweden), Honeywell International Inc.  (US), Ariston Group N.V. (Italy), Fives (France), and Riello S. p. A. (Italy). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.

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Steam Boiler System Market by Component (Boiler, Economizer, Superheater, Air Preheater, and Feed Pump), Type (Watertube Boiler, and Fire Tube Boiler), Fuel (Coal, Gas, Biomass, Oil, and Electric), End-user, 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: newsletter@marketsandmarkets.com