The turbocompressor market is projected to grow from an estimated USD 12.15 Billion in 2016 to USD 15.81 Billion by 2021, at a CAGR of 5.4%. Increasing LNG trade between nations, the growing demand for energy, and investments in sectors other than oil & gas are expected to drive the market for turbocompressor.
Oil & gas sector to dominate the turbocompressor market during the forecast period
The turbocompressor market has been segmented ... Read more
An insightful study, titled “Small-Scale LNG Terminals Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. ... Read more
The synchronous condensers market is projected to grow from an estimated USD 515.3 Million in 2016 to USD 572.9 Million by 2021. The growth is attributed to increasing renewable power generation, long service life, and rising need for power factor correction. Existing and planned upgradation and expansion of High-Voltage Direct Current (HVDC) network across the globe in various regions is expected to increase demand for power factor correction equipment such as synchronous condenser. ... Read more
The global concentrating solar power market is witnessing significant growth due to rising environmental concerns over carbon emissions and efforts to reduce air pollution, policy support from governments to enable adoption of renewable technologies.
The concentrating solar power market is expected to grow from an estimated USD 6.7 Billion in 2016 to USD 10.96 Billion by 2021, registering a CAGR of 10.3% from 2016 to 2021.
The offshore wind market has been rapidly growing, especially in Europe as it contributed the European Union (EU) to meet its renewable energy targets for 2020. The market in Europe was estimated to be the largest market for offshore wind, followed by Asia-Pacific in 2016. This trend is expected to continue till 2022. The growth of the offshore wind market is driven by increasing share of renewable energy in power generation, energy efficiency mandates demanding carbon emission reduction ... Read more
Usage of liquefied natural gas (LNG) as a ship fuel reduces sulfur oxide (SOx) emissions by 90% to 95% compared to conventional petroleum fuels. Due to strict sulfur emission mandates in place executed via Annexure VI of the International Maritime Organization (IMO), an increasing number of shipping companies and vessel operators are switching to LNG as a bunker fuel.
The smart meters market is projected to reach USD 19.98 billion by 2022, at a CAGR of 9.34% from 2017 to 2022. The North American market is estimated to be the largest market for smart meters, followed by Asia-Pacific in 2017. This trend is expected to continue till 2022. Smart meters are used in the industrial, commercial, and residential sector, measuring energy consumption of the consumers. Factors such as ... Read more
According to the new market research report "Well Casing & Cementing Market by Type (Casing, Cementing), Service (Casing pipe, equipment & services, Cementing equipment & services), Operation (Primary, Remedial), Application (Onshore, Offshore), Well, and Region – Global Forecast to 2024", published by ... Read more
The global offshore decommissioning market is projected to grow at a CAGR of 5.05%, from 2017 to 2025, to reach a market size of USD 8.76 billion by 2022. Offshore decommissioning is plugging the oil and gas wells which are matured and are non-productive. Maturing oil and gas fields and aging infrastructure in the North Sea and Gulf of Mexico are driving the offshore decommissioning ... Read more
Orion Market Research (OMR) recently published a market research report on Global Concentrated Solar Power Market. According to OMR analysis, the concentrated solar power market is expected to grow significantly during the ... Read more
Orion Market Research (OMR) recently published a market research report on Global Aluminium Based Battery Market. According to OMR analysis, the Aluminium-Based Battery Market is expected to grow at a moderate CAGR during ... Read more
The global grid-scale battery market was valued at USD 0.87 Billion in 2017 and is expected to reach USD 5.82 Billion by 2023, at a CAGR of 33.52% between 2018 and 2023. Major factors driving the growth of the market include the increasing investments in renewable energy, reducing costs of grid-scale battery owing to technological advancements and expanded deployment.
Ni-Cd Battery Market by Application (Consumer Electronics, Industrial, Health Care, Automotive), by Type (D-Battery, C Battery, A Battery, AA Battery ... Read more
NiMH Battery Market by Application (Consumer Electronics, Industrial, Automotive, Others), by Category (Eneloop, Nickel Metal Hydride, Nickel Metal Hydride) – Global Trends, Market ... Read more
The global Gas Engine Market is estimated to be USD 3.54 Billion in 2017 and is projected to grow USD 4.76 Billion by 2022, at a CAGR of 6.12%, from 2017 to 2022. Europe is estimated to be the largest gas engine market, by region, followed by North America. This trend is expected to continue during the forecast period. The growth of the gas engine market is driven globally by the rising demand for ... Read more
The arc flash protection market is projected to grow from an estimated USD 1.85 Billion in 2017 to USD 2.41 Billion by 2022, at a CAGR of 5.38% from 2017 to 2022. The market in North America is estimated to be the largest markets for arc flash protection system and equipment, followed by the market in Europe. This trend is expected to continue till 2022. The growth of the arc flash ... Read more
The offshore wind market is expected to grow from an estimated USD 27,019.1 million in 2017 to USD 55,109.6 million by 2022, registering a CAGR of 15.32% from 2017 to 2022. The global market is witnessing significant growth due to rising energy demand coupled with increasing share of renewables in the power generation mix, regulations on energy efficiency, growing trend of industrialization and ... Read more
The advanced energy storage systems market is expected to grow from an estimated USD 12.73 Billion in 2017 to USD 19.04 Billion by 2022, registering a CAGR of 8.38% from 2017 to 2022. The market in Asia Pacific is estimated to be the largest for advanced energy storage systems, followed by the market in North America in 2017. This trend is expected to continue till 2022. The growth ... Read more
North America and Europe is likely to be the largest market for seismic survey. The Seismic survey market is mainly driven demand of seismic technology in brownfield projects and shale gas exploration. The multi client’s surveys will provide the opportunity to oil and gas companies to share the costs of exploration projects. The seismic survey market is expected to grow from an estimated USD 7 ... Read more
The global turboexpander market is expected to reach a market size of USD 390.8 million by 2023, growing at a CAGR of 6.11%. In 2018, the market in North America is estimated to be the largest (by value) for turboexpanders, followed by the market in Asia Pacific. The trend is expected to change, with Asia Pacific leading the turboexpander market in 2023. Factors such as increasing share of ... Read more
The electric motor sales market is projected to grow from an estimated USD 94.23 Billion in 2016 to USD 127.63 Billion by 2021, at a CAGR of 6.26% from 2016 to 2021. Increased use of motors across major industries, growing agricultural sector, and transition toward energy-efficient motors are the major factors driving the electric motor sales market across the globe. ... Read more
According to OMR analysis, the Global Lead-Acid Battery Market is estimated to grow with a high CAGR during the forecast period (2018-2023). The Lead-Acid Battery is a rechargeable battery. Despite having low energy to volume ratio, its ability to supply high surge currents means that the cells have a relatively large power to weight ratio. The major factor that augment the global lead-acid battery market is increasing demand of lead acid battery in the automobile sector, ... Read more
The lithium-ion battery is a rechargeable battery used to power various applications such as electric vehicles, toys, drones, and so on. According to OMR analysis, the global lithium-ion battery market is estimated to grow with a high CAGR during the forecast period (2018-2023) due to increasing demand for consumer electronics such as cameras, laptop, game player, toys, and others. In addition, the increasing market of the electric vehicle further augments the growth of ... Read more
The global battery monitoring system market is estimated to grow at a CAGR of 18.23%, from 2017 to 2022, to reach a market size of USD 5.47 billion by 2022. North America is estimated to be the largest market for battery monitoring systems, followed by Asia Pacific and Europe. The growth of the battery monitoring system market is mainly driven by a booming demand for global ... Read more
The Utility Drones Market is projected to reach USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Drones that are mainly used for utilities inspection, survey, and asset management are called utility drones. In 2017, North America was the largest market for utility drones, followed by Asia Pacific and Europe. Growing demand for minimizing outages related to transmission and ... Read more
According to the new market research report "Shore Power Market by Installation (Shoreside, Shipside (Vessel Type)), Connection (New Installation, Retrofit), Component (Transformer, Switchgear, Frequency Converter, Cables & Accessories), and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global Shore Power Market is ... Read more
The Global Coal Handling Equipment Market has been driven by increasing mining activities across the globe. Coal handling equipment is used to unload in boiler furnace and transport coal at the plant. Coal handling equipment is used during numerous preparation and storage stages. These stages require certain equipment to handle the coal in power plants along with an efficient and smooth quality and material flow system. Coal is still considered as a dominant fuel in the ... Read more
The blockchain in energy market is expected to grow from an estimated USD 394.3 million in 2018 to USD 7,110.1 million by 2023, at a CAGR of 78.32% from 2018 to 2023. In 2018, the market in Europe is estimated to be the largest, followed the Asia Pacific. Factors such as increasing popularity of the blockchain technology in the energy sector, rising security concerns across the globe, and ... Read more
