The LNG Bunkering Market is estimated to be valued at US$ 1084.62 Mn in 2023 and is expected to exhibit a CAGR of 11.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
LNG bunkering refers to the provision of LNG as a fuel to ships for the operation of engines and power generation systems. LNG provides numerous advantages as a bunker fuel compared to traditional ... Read more
The offshore decommissioning market is estimated to be valued at US$ 7.07 Bn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The offshore decommissioning market consists of removal and disposal of offshore oil and gas infrastructure on production facilities, pipelines and other subsea structures located in offshore ... Read more
The nuclear power market is estimated to be valued at US$ 399.09 GW in 2023 and is expected to exhibit a CAGR of 1.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Nuclear power plants generate electricity by harnessing the energy released via nuclear fission or fusion. Nuclear power offers clean, safe and reliable base-load electricity without carbon or other ... Read more
The Pumped Hydro Storage Market is estimated to be valued at US$ 348.25 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The Pumped Hydro Storage Market is expanding owing to rapid industrialization and urbanization coupled with growing need for reliable grid infrastructure. Pumped hydro storage plays a vital role in maintaining grid ... Read more
Hydropower generation refers to generating electricity from hydropower or water power which involves converting kinetic energy of flowing or falling water into electric power. Hydroelectric power plants use the energy from flowing water to spin turbines which are connected to generators that produce electricity. Hydropower is a renewable and reliable source of energy which produces zero direct emissions. It can generate large-scale power for industry and communities and is available across ... Read more
The captive power plant market provides continuous and cost-effective power supply for industrial and commercial needs. Captive power plants are installed within factories and industrial complexes to fulfill the power requirements of manufacturing processes and ensure consistency in operations. They alleviate dependency on utility providers and shield industries from price volatility and supply disruptions in the grid. Rising industrialization and commercialization across developing regions ... Read more
In the last few decades, utility communication technologies have undergone a remarkable evolution, revolutionizing the way energy is managed, distributed, and consumed. Here's a closer look at this fascinating journey:
The utility communication market is estimated to be valued at USD 23.09 Bn in 2024 and is expected to reach USD 33.86 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Combined heat and power (CHP), also known as cogeneration, is the concurrent production of electricity or mechanical power and useful thermal energy from a single source of energy. CHP provides improved energy efficiency over the traditional separate production of these energy services. One of the key benefits of CHP systems is that they generate electricity as well as capture heat that would otherwise be wasted in the conventional separate heat and power generation. This captured heat can ... Read more
Almost all oil and gas production facilities route gases separated during processing to flare systems for safe disposal. While flaring is necessary for operational safety, it also results in the loss of potentially valuable gases. To recover more of these flared gases, operators install flare gas recovery (FGR) systems. This article discusses the key components and functioning of such FGR setups.
Separator and Compressor Systems
The starting point for any FGR system ... Read more
The wave energy converter market consists of technologies that harness energy from ocean surface waves to generate electricity. Wave energy converters utilize the kinetic energy of ocean waves to power generators for producing electric power. Key types of technologies deployed in wave energy converters include oscillating water columns, overtopping devices, oscillating body converters, and others. Wave energy converters offer advantages such as zero carbon emissions, reliable generation as ... Read more
Current Status of Gas Turbines in the Power Sector
Gas turbines play a vital role in providing reliable power to both industrial and utility customers. According to recent studies, gas turbines currently account for over 20% of total global power generation. Their flexibility to ramp up and down quickly makes them well-suited for variable renewable integration and meeting peak demand. Over 300,000 MW of gas turbine capacity has been installed worldwide over the past ... Read more
Absorbent glass mat (AGM) batteries are maintenance-free lead-acid batteries that use absorbed glass mat technology. AGM batteries are used as starting, lighting and ignition batteries in automobiles and for deep cycle and standby power applications. One of the key advantages of AGM batteries is their enhanced charge acceptance and cycle life as compared to other lead-acid batteries. The need for reliable backup power solutions across industries coupled with growing demand for renewable ... Read more
