Diesel Genset Market Will Grow at a Steady Rate of 6.8% CAGR 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.

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http://www.grandviewresearch.com/press-release/global-diesel-genset-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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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

Waste To Diesel Market Is Likely To Reach USD 942.78Million By 2025: Grand View Research, Inc.

The global waste to diesel market is expected to reach USD 942.78million by 2025, according to a new report by Grand View Research, Inc. Increasing technologies for the conversion of waste owing to stringent environmental regulations has been a major factor driving industrygrowth. Also, growing demand for biodiesel in industrial machinerysector has led to rising demand for market growth. 

Growing consumption of diesel as a fuel from the U.S., China, Japan, India, and Mexico owing to thesignificantrise in theautomotive industry in these countries is projected to propel the market over the forecast period. Increasing waste processing plants in various regions including Europe and North America and the rising technological advancements in regions, such as Asia-Pacific is anticipated to drive the market over the forecast period.

Rising R&D activities carried out by companies such as,Klean Industries, Covanta Energy Corporation, and Alphakat GmbH to expand the production capacity their facilitiesin the waste to diesel conversion is projected to propel the market over the next eight years. In June 2017, Statkraft, a producer of renewable energy, developed a process, which uses hydrothermal liquefaction technology using high temperatures and pressures to generate biofuel from wood chippings and other solid organic waste.

U.S. waste to diesel market revenue by technology, 2014 - 2025 (USD Million)

Browse full research report on Waste To Diesel Market: http://www.grandviewresearch.com/industry-analysis/waste-to-diesel-market

Further key findings from the report suggest:

• The global demand was worth USD 390million in 2016 and is expected to grow at a CAGR of 10.4% over the forecast period
• Municipal waste emerged as the largest source segment in 2016 and is estimated to generate revenue over USD 440 million by 2025
• Increasing plants for the processing of municipal solid waste is projected to propel the market growth.
• Gasification technology was projected to be the fastest growing segment and is anticipated to witness moderate share over the forecast period
• Europe is expected to observe the significant regional segment over the next eight years with an estimated CAGR in terms of revenue of around 10.1%.
• Growing manufacturers and suppliers of waste to diesel processing plants in this region is anticipated to spur the market growth.
• In March 2017, Diamond Green Diesel facility of Valero Energy Corporation and Darling Ingredients Inc. expanded its annual production capacity of renewable diesel by using Honeywell’s UOP ecofining technological process.
• Key players including Covanta Energy Corp., Klean Industries, Green Alliance dominated the global market accounting for significant share of the total volume in 2016

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

                                               

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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

Battery Management System Market Is Anticipated To Reach $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.

Netherlands BMS market, by battery type, 2014 - 2025 (USD Million)

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.)

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

                                         

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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

Emergency Trends In Renewable Energy Will Helping To Grow Concentrated Solar Power (CSP) Market Till 2025: Grand View Research, Inc.

The global concentrated solar power market is predicted to reach USD 8.92 billion by 2025, according to a new report by Grand View Research, Inc. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is further propelling the market growth.

Increasing clean energy adoption over non-renewable fuels is expected to drive the global concentrated solar power over the forecast timeframe. Favourable government regulations towards reduction of carbon footprint and greenhouse gas (GHG) emissions will further enhance the business growth.

Growing electricity demand along with rising investments to augment the efficiency index will provide an impetus to the concentrated solar power market growth. The Federal Government sponsored USD 9 million towards the research and development of six new CSP projects in the country, to reduce the total project costs though technological growth.

Substantial reduction in the component costs along with supportive government incentives like energy certificates, and carbon credits will expand the concentrated solar power market over the forecast period. Regulators around the world have been encouraging grid integration, making it an affordable alternative compared to non-renewable energy sources.

Concentrating Solar Power technology can store solar energy in the form of heat, even post sunset, which is perceived as the greatest advantage that it offers over all the other competing technologies. Reliable power supply coupled with flexibility in usage assist in bridging the demand supply deficit, currently faced by nations especially in the developing world. However, CSP technology is capital intensive as compared to other solar thermal technologies, as this may prove to be a restraint for the its adoption over the forecast period.

In terms of technology, the parabolic trough technology held over 75% of the global concentrated solar power market share in 2016. Matured technology coupled with affordable costs as compared to other forms of available systems will positively influence the growth of the concentrating solar power market over the forecast period. Power tower technology was valued over USD 955.5 million by 2025. Enhanced heat storage ability, higher efficiency, and favourable capacity factor will augment the business growth.

U.S. concentrating solar power market, by technology, 2014 - 2025 (USD Billion)

Browse full research report on Concentrated Solar Power (CSP) Market: http://www.grandviewresearch.com/industry-analysis/concentrated-solar-power-csp-market

Further key findings from the report suggest:

• The U.S. concentrated solar power market, in terms of value, will witness growth of over 18.9% over the forecast period. Favourable government initiatives like tax credits, installation cost subsidies among other benefits will augment the business growth.
• In Morocco, climatic conditions are favourable to the growth of CSP technology adoption, in tandem with the existing pipeline projects. Morocco concentrating solar power market is expected to exceed USD 852.2 million over the forecast period.
• Spain concentrated solar power market size is set to exceed USD 1.22 billion by 2025. Spain is the market leader with the maximum installed capacity in the world as of year 2017.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-concentrated-solar-power-csp-market     

                           

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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

Liquefied Natural Gas (LNG) Market Is Predicted To Grow Swiftly Due To Growing Demand For Natural Gas From Downstream Sectors Till 2025: Grand View Research, Inc.

The global liquid natural gas (LNG) market is expected to reach USD 20.6 billion by 2025, growing at a CAGR of 12.7%, according to a new report by Grand View Research, Inc. Rising focus on development and expanding gas pipeline infrastructure and growing demand for natural gas from downstream sectors is a crucial driving factor for the industry.

Decreasing LNG prices along with execution of favorable government rules and regulations, which are attracting FDIs & tax schemes are also conducive to industry growth. Cumulative emphasis of adequate support infrastructure in numerous economies is anticipated to enhance product demand in the construction sector, since the product is used in building equipment.

On the contrary, insufficient channel infrastructure is supplementing demand for small scale projects to source natural gas for key consumers in remote areas, specifically in the power generation and industrial manufacturing verticals. Rapid urbanization, industrialization and increasing projects supporting power, gas & petrochemical distribution are projected to positively provide stimulus to the industry.

Power generation accounted for 46% of the volume share in 2016, and is anticipated to grow at over 6.9% CAGR from 2017 to 2025. Power generation plants are gradually shifting from naphtha-based feedstock towards LNG in order to provide cost-competitiveness and enhanced delivery times while also receiving support in the form of favorable regulations encouraging these trends.

U.S. LNG market revenue, by application, 2014 - 2025 (USD Million)

Browse full research report on Liquefied Natural Gas (LNG) Market: http://www.grandviewresearch.com/industry-analysis/liquefied-natural-gas-lng-market

Further key findings from the report suggest:

• The global LNG market demand exceeded 265 million tons in 2016 and is expected to grow at a CAGR of 6.5% from 2017 to 2025
• Transportation is emerged as the largest application in 2016 and is estimated to generate revenue over USD 3.6m billion by 2025 owing to widespread adoption of sustainable resources in place of conventional fuels

• Prices in North America are expected to be dependent upon the Henry Hub model, while demand in South Africa is likely to continue being unpredictable on account of civil unrest and fluctuating supply dynamics
• Europe is likely to witness moderate progress with rising competition from Russia and Norwegian piped natural gas (PNG). Africa is expected to remain a rapidly developed market with new production strategies in the Cameroon and development anticipated in Mozambique.

• Asia Pacific consumption patterns are projected to remain exponentially high over the next decade owing to various developments across emerging economies, especially in the power generation and transportation market. The region is expected to grow at a CAGR of 6.5% from 2016 to 2025
• Key players including Chevron, Exxon Mobil, PetroChina, Total SA, Stat oil, Eni S.p.A., BP plc, Royal Dutch Shell, Conoco Philips and CPCC dominated the sector accounting for over 60% of the total volume in 2016

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-liquefied-natural-gas-lng-market    

                           

About Grand View Research, Inc:

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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