Diesel Genset Market Size Will Grow At 6.8% from 2015 to 2022: Grand View Research, Inc.

Global Diesel Genset Market is expected to reach USD 21.37 billion by 2022. The presence of a large electricity demand-supply gap owing to increase in demand from of mining, telecom, retail and oil & gas sector, is projected to drive diesel gensets industry.

The market for industrial use was valued at USD 3.93 billion in 2014. Industrial Diesel Genset is expected to grow substantially over the forecast period owing to the occurrence of frequent power failures resulting in high monetary losses. Furthermore, rapid industrialization in Asia Pacific and the Middle East & Africa is expected to fuel industry growth.

The market was dominated by low powered gensets in 2014, and this trend is projected to continue over the forecast period. Growing power shortage in countries including Singapore, China and India is expected to further fuel growth. Furthermore, rising occurrence of natural calamities such as floods and earthquakes is projected to bolster further demand for gensets, to supply interrupted electricity during a grid outage.

Germany Diesel Genset Market revenue by end-use, 2012 - 2022 (USD Million)

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According to The World Nuclear Association, the power requirement is expected to double than the current consumption by 2035. The U.S. Department of Energy has projected solar energy to be the most abundant energy source available giving rise to the development of solar powered gensets. This development is likely to pose a challenge to the overall growth of the industry over the forecast period.

Growing demand for the product in retail, hospitality and IT sectors globally is poised to propel the demand for high power diesel gensets. High power Diesel Genset market is expected to grow at a CAGR of more than 7% over the forecast period.

Asia Pacific is poised to witness substantial growth, growing at a CAGR of over 8.0% from 2015 to 2022. Increasing capacity expansion of manufacturing and telecom sectors particularly in countries such as China and India is expected to drive demand over the next seven years. In addition, government policies such as “Make in India” policy by the Indian government is expected to fuel growth.

The Middle East & Africa is expected to reach over USD 2.80 billion by 2022. Technological development coupled with growing purchasing parity in UAE and Saudi Arab is supposed to fuel market growth over the forecast period.

Some of the major players include Himoinsa S.L, Caterpillar Inc., Cummins Inc., F.G.Wilson Inc., Kirloskar Electric Co. Ltd. Companies continuously spend a considerable amount for R&D activities to develop and enhance their portfolio of the product. Himoinsa partnered with Yanmar in April 2015 to strengthen their product portfolio.

Grand View Research has segmented the global Diesel Genset Market on the basis of product, end-use and region:

For more information: http://www.grandviewresearch.com

Wind Turbine Operations and Maintenance Market Is Predicted To Reach USD 20.3 Billion By 2025: By Grand View Research, Inc.

The global wind turbine operations & maintenance market is expected to reach USD 20.3 billion by 2025, according to a new report by Grand View Research, Inc. Rising focus to minimize environmental impact in the power generation industry, has fueled the wind energy market. Exponential rise in wind turbine installation across the globe, especially in Asia Pacific, Europe, and North America is expected to have a positive impact on the industry over the forecast period.

Various components such as blades, gearbox, rotors, generator, yaw, and hydraulic pumps are susceptible to failure and require regular condition monitoring to avoid breakdown. Effective maintenance at regular interval helps to decrease failure rate and thus increases the operational efficiency by reducing downtime. Focus to establish cost effective operations & maintenance is expected to fuel industry growth over the next none years.

Onshore accounted for the largest share of the global market in 2016 and this trend is expected to continue over the forecast period. However, offshore installation is estimated to increase at an unmatched rate, owing to favorable governmental initiatives in China, UK, Germany, Netherlands, Denmark, Japan, and South Korea. This in turn, is predicted to drive the offshore market segment over the next nine years.

Europe held the largest share in 2016, owing to significant installation in countries such as Germany, France, Italy, Spain, Denmark, Netherlands, Belgium, and Sweden. Asia Pacific is expected to grow at a promising rate over the forecast period. The region is estimated to dominate the global market in 2025. Latin America and Middle East & Africa are predicted to create lucrative opportunities over the forecast period.

Global annual installation capacity, by region, 2006 - 2016 (MW)

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Further key findings from the report suggest:

• The global wind turbine operations & maintenance market was valued at USD 8.08 billion in 2016 and is expected to witness rapid growth from 2017 to 2025 owing to increasing capacity installation across the globe
• Supportive policies to boost the renewable energy sector was one of the key drivers for market growth over the past few years
• Global annual installed capacity increased from 39.06 GW in 2010 to 54.60 GW in 2016. China, the U.S., Germany, India, Brazil, France, Turkey, and the Netherlands were the major contributors for the growth in annual installation.
• Onshore wind turbine operations & maintenance market held an unassailable share of the overall industry revenues and is estimated to reach over USD 18 billion by 2025
• Offshore application segment of the market is expected to rise at a growth rate of 15.2% from 2017 to 2025, owing to the increasing demand as a result of higher energy output
• Asia Pacific is projected to witness significant growth over the forecast period and surpass Europe in terms of market share of the global market by 2025, owing to increasing capacity installations and rising demand from the rapidly-growing population
• Latin America and Middle East & Africa are projected to experience exceptional growth over the forecast period, owing to robust increase in capacity installations
• Key players include Siemens Wind Power GmbH, Suzlon Group, GE Wind Turbine, Enercon GmbH, and Gamesa Corporation. The companies are focusing on extending their services in remote location through implementation of advanced technology

 For more information: http://www.grandviewresearch.com

Carbon Capture & Storage Market To Witness Growth Based On The Increasing Adoption Of Gas Injection Techniques Till 2025:Grand View Research,inc.

The global carbon capture and storage (CCS) market value is anticipated to exceed USD 8.75 billion by 2025, according to a new report by Grand View Research, Inc. The rising global energy demand along with the growing awareness towards reducing carbon dioxide emissions in most of the industrial economies is anticipated to drive the CCS market.

Currently, meaningful industrial CO₂ capture is required particularly in the power sector.The increasing adoption of gas injection techniques for enhanced oil recovery (EOR) across several matured petroleum reserves globally is expected to be one of the key factors driving CCS demand.

Enhanced oil recovery (EOR) is expected to account for the highest demand with a net worth estimated to reach over 6.18 billion by 2025. Prevalence of factors such as depleting oil reserves globally coupled with heavy dependence on crude oil imports mainly in the Asia Pacific region is anticipated to be one of the major reasons driving the demand for EOR activities globally.

CCS requirement in high purity industrial applications such as natural gas processing, coal-to-liquid (CTL), ammonia, and hydrogen production facilities holds immense potential for project demonstration. The segment is estimated to witness the fastest growth in terms volume of CO₂ captured. Carbon capture and storage demand in the industrial sector is expected to grow at a CAGR of 6.2% from 2016 to 2025.

U.S. CCS market revenue by capture technology, 2014 - 2025 (USD Million)

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Further key findings from the report suggest:

• The global CCS demand exceeded 61 million tons in 2015 and is estimated to grow at a CAGR of 6% from 2016 to 2025
• Post-combustion capture technology is anticipated to grow at the highest CAGR of 15.6% from 2016 to 2025
• Pre-combustion capture technology demand in the U.S. is estimated to exceed a total volume of 80 million tons by 2025
• Stringent regulatory framework for cleaner environment coupled with increasing CO₂ injection EOR technique in most of the depleted hydrocarbon basins are expected to be the major factors driving demand in North America
• The Asia Pacific carbon capture and storage industry is expected to grow at the highest CAGR of 9.7% from 2016 to 2024.
• Key players include Shell CANSLV, AkerSolutions, Statoil, Linde Engineering, Mitsubishi Heavy Industries and Sulzer
• ACTL with North West Sturgeon Refinery CO2 Stream in Canada, Future Gen 2.0 Project in U.S.A, Preheat CCS & Don Valley Power Projects in UK are some of the upcoming projects over the next few years

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Battery Market Will Witness Growth Based On Increasing Automobile & Aircraft Production Till 2025:Grand View Research,inc.

The global battery market is expected to reach USD 132.55 billion by 2024, according to a new report by Grand View Research, Inc. Majorly consisting of primary and secondary batteries, the growth will be attributed to growing demand for secondary batteries that are rechargeable on account of rising demand for smart gadgets and electronics such as tablets, smartphone and other portable devices including the digital camera and laptop. 

Technological advancements in terms of cost reduction and enhanced efficiency are expected to open new avenues for the global market over the forecast period. Rising use in aircraft emergency systems in case of non-availability of APU’s for braking, ground operations and restarting the APU is expected to fuel high capacity battery demand. Low cost and high density of lead acid battery will encourage use in an emergency power supply and grid storage applications thus supplementing the market growth. 

Browse full research report on Battery Market: http://www.grandviewresearch.com/industry-analysis/battery-market

Further key findings from the report suggest:

• Li-ion based batteries are expected to emerge as the most dominant segment owing to the growing demand in the automotive industry coupled with portable devices and electric power trains. The auto industry is experiencing high growth in plug-in hybrid and electric vehicles segment which is expected to propel demand. In addition, successful commercialization and lucrative incentives have been encouraging OEMs to introduce new hybrid and electric models in the market.
• Ni–Cd batteries find applications in portables devices such as wireless & cordless telephones and emergency lighting, rising use for which will drive market demand. Growing application scope in railways for emergency braking, locomotive starting, air-conditioning, coach lighting and power for signaling will further propel growth.
• Industrial application accounted for over 30.0% of the global market in 2015. The industrial application includes wheelchairs, golf carts, aviation, satellites, grid storage, forklifts and power tools. Rising energy requirements have resulted in increased use of storage applications on grid and off grid which has directly impacted demand for battery storage systems. Rapid industrialization in emerging economies of Asia Pacific and Latin America will utilize batteries in UPS devices, material handling systems, and power tools thus fueling market demand.
• Asia Pacific dominated the global battery market with revenue over USD 23.00 billion in 2015 on account of the presence of a majority of manufacturers in Japan and South Korea. Budding consumer electronics industry in India, Malaysia, Singapore and Thailand is expected to result in high demand for lithium-ion batteries in the next eight years. Increasing automobile production in India and China is projected to propel demand for lead acid batteries in the near future. In addition, laxity for regulations in these countries regarding automotive emissions and fuel efficiency is expected to provide immense potential for market growth.
• The global industry includes major conglomerates such as Hitachi, Sony, LG, Panasonic and GS Yuasa. Companies are moving towards lithium ion battery manufacturing owing to high potential in consumer electronics and electric vehicle market. Key companies are engaged in manufacturing of batteries with varying capacities suitable for different applications. Automotive Energy Supply Corporation and Panasonic are major shareholders in the lithium-ion electric vehicle segment. In February 2016, Johnson Controls Inc. made investments in its facility in Germany to improve its production capacity.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/power-generation-and-storage   

Grand View Research has segmented the global battery market on the basis of product, application and region:

Battery Product Outlook (Revenue, USD Million, 2013 - 2024)

• Lead Acid
• Lithium ion
• Nickel Metal Hydride
• Nickel Cadmium
• Others

Battery Application Outlook (Revenue, USD Million, 2013 - 2024)

• Automobile
• Industrial
• Portable

Battery Regional Outlook (Revenue, USD Million, 22013 - 2024)

• North America     
• U.S.
• Europe     
• Germany
• UK
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• MEA

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-battery-market 

                         

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

Battery Management System Market Will Reach USD 11.17 Billion By 2025: Grand View Research, Inc.

The global battery management system (BMS) market size is anticipated to reach USD 11.17 billion by 2025, according to a new report by Grand View Research, Inc. The growing trend of renewable energy generation was driven by the increasing concerns of climate change across the globe. Additionally, the decreasing prices of solar photovoltaic cells, favorable government incentives, and the declining costs of batteries are likely to increase the renewable energy generation.

However, the energy generated via the wind and solar sources is affected by weather, location, and time. Batteries used at wind turbines and in solar panels smooth the variabilities and store energy for future use. The prevailing safety issues, the resistance from utilities, and regulatory barriers have restricted the integration of these batteries into mainstream power systems.

Electricity grids are undergoing modernization with the implementation of power flow measurement and controlling power production & distribution and are gathering information on electricity use. Storage is a major barrier to the adoption of renewable energy. Several battery technologies including lead-acid, lithium-ion, and sodium sulphate have been developed and tested for applications such as grid investment deferral and arbitrage.

Energy storage systems (ESS) aid in storing renewable energy sources for further commercial use. The increasing demand for ESS is expected to augment the market demand over the forecast period. Lead-acid batteries are the most commonly used battery types in ESS, owing to applications such as standalone battery systems used to handle output fluctuations from the wind and solar power.

Browse full research report on Battery Management System Market: http://www.grandviewresearch.com/industry-analysis/battery-management-system-bms-market

Further key findings from the report suggest:

• The growing penetration of UPS solution in businesses to counter data loss is expected to spur the demand for BMS
• Lithium-ion batteries are used in applications requiring high-energy density solutions
• The lithium-ion based battery type is anticipated to witness a significant growth with a CAGR of over 22% over the projected period
• Centralized topology is anticipated to dominate the market in terms of revenue over the forecast period, owing to the increasing applications such as industrial UPS, Electric Vehicles (EV), drones, and energy storage system
• The stringent regulations toward carbon emissions in the developed countries and the growing penetration of EVs in the emerging economies are expected to spur the automotive application demand
• The Asia Pacific region is anticipated to portray high growth rate over the forecast period
• The key players in the BMS market include Texas Instruments, Inc. (U.S.), NXP Semiconductor N.V. (Netherlands), Elithion, Inc. (U.S.), and Vecture, Inc. (U.S.)

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/power-generation-and-storage  

Grand View Research has segmented the battery management system market based on battery type, topology, application, and region:

BMS Battery Type Outlook (Revenue, USD Million, 2014 - 2025)

• Lithium-ion based
• Nickel based
• Lead-acid based
• Flow batteries

BMS Topology Outlook (Revenue, USD Million, 2014 - 2025)

• Centralized
• Distributed
• Modular

BMS Application Outlook (Revenue, USD Million, 2014 - 2025)

• Automotive
• Consumer electronics
• Energy
• Defense

BMS Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Netherlands
• Norway
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• Middle East and Africa (MEA)

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-battery-management-system-bms-market      

                    

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com