Power Plant Boiler Market To Witness Growth Rapidly Due To Increasing Power Requirements Till 2025: Grand View Research, Inc.

The global power plant boiler market is expected to reach USD 28.0 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for electricity is expected to propel the sector growth. The global population is increasing at a robust pace and likely to reach 2.2 billion by 2050. Moreover, the increase in population has led to rapid urbanization, especially in the developing countries. As per the United Nations World Urbanization Prospects, it is estimated that the urban population, which was 30% of the global population in 1950, is projected to reach 66% by 2050.

The growing urbanization has led to a rise in power consumption. To cope up with the rising power demand, governments across the world are on the lookout for various alternatives to boost power generation capacity. For instance, the government of India is offering power generation subsidiaries to operators to generate power through biogas. The government offers nearly USD 30 thousand per MW. The subsidy is valid only for the boiler manufacturers and steam turbine producers. Such initiatives are likely to produce modest demand for boilers over the forecast period.

Netherlands-based BDR Thermea acquired ECR International in 2016 to expand the company’s existing product portfolio in the North America market via the latter’s distribution network. Key vendors analyzedin the report are Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries, Ltd.; and General Electric (GE). Mergers and acquisitions continue to form an integral part of the market growth.

Browse full research report on Power Plant Boiler Market: http://www.grandviewresearch.com/industry-analysis/power-plant-boiler-market

Further key findings from the report suggest:

• The global demand for power plant boiler market was USD 19.8 billion in 2016 and likely to reach USD 28.0 billion by 2025, at a predicted CAGR of 3.9% from 2017 to 2025
• Subcritical technology was the largest segment in the market, accounting for over 73% of the total revenue in 2016
• Pulverized fuel combustion was the largest process segment, in terms of revenue, in 2016. The segment is likely to be valued at USD 15 billion by 2025, indicating a CAGR of 3.9%.
• In terms of revenue, APAC is expected to be the largest regional market at a projected CAGR of 4.7% over the forecast period

• The industry is dominated by a few multinational corporations such Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries Ltd., and General Electric (GE)

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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

Drilling Waste Management Market Is Projected To Grow Quickly Due To Growing Construction Sites For Residential & Commercial Spaces Till 2025: Grand View Research, Inc.

The global drilling waste management market is expected to reach USD 7.13 billion by 2025, according to a new report by Grand View Research, Inc. Growing ecological awareness towards effective treatment and disposal of drilling wastes coupled with strict regulations to enforce the laws will boost the market growth.

Increasing drilling activity for natural gas exploration along with growing construction sites for residential and commercial spaces is predicted to drive the global drilling waste management market over the forecast timeframe. Applications of the market include onshore and offshore drilling wastes. Onshore application segment is the dominant sub-segment of the market, while the offshore application is predicted to witness significant growth by 2025. North America leads the onshore application segment owing to the unprecedented domestic production levels crude oil, largely due to the wide adoption of innovative technologies including hydraulic fracturing and horizontal drilling, signalling the onset of a shale revolution.

The drilling waste management market is also segmented based on services, including treatment & disposal, containment & handling, and solids control. In 2016, Treatment & disposal accounted for 39.2% of the market share, largely owing to onsite burial sites including landfills and pits, land-spreading, land-farming, incineration & thermal treatment, slurry injection and bioremediation. Treatment & disposal services are chiefly dominant in Europe and North America owing to increasingly strict regulations including zero-discharge standards that direct drilling companies to effectively treat and reuse all drilling waste generated, and forbid any dumping, especially in water bodies like rivers or seas.

U.S. drilling waste management market revenue, by service, 2014 - 2025 (USD Billion)

Browse full research report on Drilling Waste Management Market: http://www.grandviewresearch.com/industry-analysis/drilling-waste-management-market

Further Key Findings From the Study Suggest:

• The U.S. drilling waste management market will witness growth of 3.79% CAGR over the forecast period. The slowdown in the oil and gas market has deeply impacted the drilling markets in the country, with some estimates suggesting 60% decrease in rig drilling. High break-even costs and longer gestation periods in shale exploration and production have further impacted industry growth.
• In 2025, UK drilling waste management market is predicted to be valued at USD 0.39 billion. The country has large scale onshore and offshore drilling activities and is among the first nations in the world to introduce stringent waste management legislation.
• China drilling waste management market is expected to grow at 12.09% CAGR. The country is expected to undertake large scale offshore exploration projects to discover natural gas reserves.

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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

Specialty Fuel Additives Market Is Projected To Grow Rapidly Due To Enhanced Demand In Automotive & Manufacturing Sector Till 2024: Grand View Research, Inc.

The global specialty fuel additives market is projected to reach a value of USD 11.31 billion by 2024, according to a new report by Grand View Research, Inc. Implementation of strict environmental regulations and demand for fuel efficiency is projected to boost the market growth. 

Increasing focus on emission control and energy efficient fuel in the automotive and manufacturing sector is expected to boost market growth from 2016 to 2024. The steady development of the auto industry, especially in the Asia Pacific region, coupled with increasing consumer awareness regarding the fuel additives is expected to trigger the market growth over the forecast period.

Rapid industrialization in Asia Pacific is projected to increase the demand for specialty fuel additives in the manufacturing and processing industries. Implementation of stringent emission control regulations and high demand for fuel efficient vehicles is anticipated to drive the specialty fuel additives market over the coming years.

U.S. specialty fuel additives market revenue by product, 2014 - 2024 (USD Million)

Browse full research report on Specialty Fuel Additives Market: http://www.grandviewresearch.com/industry-analysis/specialty-fuel-additives-industry

Further Key Findings from the Study Suggest:

The global specialty fuel additives demand was 1,542.7 kilo tons in 2015 and is expected to grow at an estimated CAGR of 6.3% over the forecast period

Deposit control additives dominated the market with a market share of 40% in 2015. Increasing demand for fuel economy vehicles is expected to drive the deposit control additives segment over the forecast period.

Gasoline segment dominated the global market capturing more than 46% of total overall demand in 2015

Preference for gasoline powered vehicles in North Americas, the significant price difference between gasoline and diesel powered car in the major markets such as India are responsible for the higher penetration.

Diesel is projected to exceed petrol market to arise as a leading application for the product by 2024, on account of the rising demand for ultra-low-sulfur diesel

In 2015, Asia Pacific dominated the fuel additives market & recorded a market share of above 28%, in terms of volume. Implementation of stringent environment control regulations in China, India and Japan, rapid industrialization, and increasing use of automobiles is projected to boost market growth.

Some of the leading companies in the market include NewMarket, BASF, Innospec, Infineum, Albemarle, Baker Hughes, Chemtura, Dow Chemical, Chevron Oronite, Lubrizol, Total Additives and Special Fuels, Evonik Industries, Dorf Ketal, Clariant, Eurenco, & NALCO Champion.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-specialty-fuel-additives-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

Thermal Energy Storage Market Is Likely To Reach USD 12.50 Billion By 2025: Grand View Research, Inc.

The global thermal energy storage market is expected to reach USD 12.50 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for access to efficient and cost competitive energy sources is expected to favor market growth. 

Thermal energy storage is considered to be the primary renewable option for electricity generation. Heat stored by short term and seasonal thermal energy storage systems are extremely helpful in balancing the variations in renewable electricity production & distribution, in a cost effective manner. It causes no adverse impact on the environment and is a sustainable source of energy.

The renewable energy demand has increased from various countries including, the U.S., South Africa, Saudi Arabia, Brazil, China, and India. The governments of these countries are trying to derive solutions & technologies to store the generated energy from renewable sources such as tides, wind, biomass, and sun. The rising demand from these regions coupled with the novel product development by industry participants is expected to drive market growth over the forecast period.

A large number of energy storage equipment manufacturers & service providers are involved in the adoption of various strategies such as new product developments, partnerships, agreements, collaborations, and joint ventures in order to increase market penetration and cater to the changing technological requirements of different end-use applications in the region.

U.S. thermal energy storage market revenue by type, 2014 - 2025 (USD Billion)

Browse full research report on Thermal Energy Storage Market: http://www.grandviewresearch.com/industry-analysis/thermal-energy-storage-market

Further Key Findings From the Study Suggest:

• In terms of technology, molten salt technology is expected to follow an anticipated CAGR of 16.4% over the next eight years
• Molten salt technology is utilized to store the heat collected by means of solar troughs and solar towers. The growing awareness regarding the technology is expected to benefit the segment demand
• Asia Pacific is expected to witness the highest growth over the forecast period. Rising demand from countries such as China and India and government initiatives are expected to benefit the demand in the region
• The global thermal energy storage demand in power generation application was USD 0.57 billion in 2016 and is anticipated to witness the fastest growth over the next eight years
• The U.S. market was valued at USD 0.52 billion and is estimated to reach USD 2.32 billion by 2025
• The Middle East & Africa region is anticipated to witness high growth at a CAGR of 15.7% by 2025. The MEA region has a number of concentrating solar power (CSP) projects which include thermal energy storage installed in countries such as United Arab Emirates (UAE), Saudi Arabia and Morocco
• Key players of the industry include Chicago Bridge & Iron Company N.V. (CB&I), Abengoa Solar S.A., Ice Energy, Evapco, Inc., and Dunham-Bush Holding Bhd. These major players are investing in R&D activities to enhance their product portfolio and thus increase their geographical presence

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-thermal-energy-storage-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

Bio-butanol Market To Witness Growth Rapidly Due To Enhanced Application Scope In Acrylates, Acetates, Glycol Ethers, Solvents & Plasticizers Till 2022: Grand View Research, Inc.

The global bio-butanol market is expected to reach USD 17.78 billion by 2022, according to a new report by Grand View Research, Inc. Bio-butanol market is expected to witness significant growth in the next seven years owing to rising need for bio-based chemicals in place of petroleum based chemicals owing to their similar material characteristics, in addition to lower carbon footprints.

Tight raw material supply on account of food consumption being primary focus of corn and sugarcane is expected to be a major concern over the forecast period.  Bio-butanol can be used as a drop-in replacement to petroleum-based butanol in all its applications. Depleting petroleum resources coupled with volatile oil prices has contributed towards the increasing need for bio-butanol.

Glycol ethers are expected to grow at a CAGR of 10.9% from 2015 to 2022, in terms of revenue. Rising demand for glycol ethers on account of their various applications including solvents in liquid soaps, cosmetics, cleaning compounds, resins, paints, perfume and inks is expected to fuel growth in the next seven years. 

North America bio-butanol market by application, 2012-2022, (Kilo Tons)

Browse full research report on bio-butanol market: http://www.grandviewresearch.com/industry-analysis/bio-butanol-industry

Further Key Findings From the Study Suggest:

• Prevalence of favorable government support for use of bio-based products coupled with stringent environment regulations on synthetically derived products is expected to augment growth in North America and Europe over the forecast period. Growing demand for greener paints and coatings in Asia Pacific has resulted in stimulating demand over the last few years. Low manufacturing cost and ease of refining is driving demand from various end use industries.
• Bio-butanol demand in acetates exceeded 780 kilo tons in 2014. Growing demand from the textile industry is expected to stimulate growth over the next seven years. They are increasingly being used in detergents, cleaners and polishes which has augmented growth.
• Europe bio-butanol market accounted for over 25.0% of the global market volume share in 2014. Government initiatives and stringent environment regulations has resulted in driving demand over the past few years and the trend is expected to continue over the forecast period. Presence of numerous manufacturers in Western Europe has been a major factor propelling growth.
• Green Biologics, Solvay, Butamax, Cobalt Technologies and Gevo dominated the global industry in 2014. These companies are integrated across various stages of the value chain. Integration across numerous stages of the value chain results in continuous raw material supply as well as low manufacturing cost.
• Advancement in fermentation and cellulosic extraction technology over the last few years has been a major reason for shifting trend towards bio-butanol. Joint ventures and alliances among various manufacturers and suppliers is a key feature of this market.

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