Waste To Energy Market Is Predicted To Grow Swiftly Due To Increasing Demand For Renewable Sources Till 2024: Grand View Research, Inc.

The global waste to energy (WTE) market is expected to reach USD 43.96 billion by 2024, according to a new report by Grand View Research, Inc. Stringent waste management regulations particularly in Europe and in the U.S. coupled with the rise in concern to improve the waste management systems is expected to remain a key driving factor for global waste to energy market. The shift in focus towards energy generation through alternative routes is also expected to shape the industry structure. 

Emerging economies such as India and China has been witnessing a sharp increase in energy demand on account of rapid industrialization and urbanization which has prompted energy producers to look for alternative energy sources. Since these countries generate a lot of industrial waste, they have become high potential markets for WTE technologies and are expected to provide ample opportunities to companies involved. 

Companies such as China Everbright International Ltd. and Babcock & Wilcox Enterprises, Inc.have adopted acquisition strategies to enhance their waste management services. Most of the companies have tie-ups with local municipal solid waste providers for the distribution of waste sources.

Browse full research report On Waste To Energy (WTE) Market: http://www.grandviewresearch.com/industry-analysis/waste-to-energy-technology-industry                           

Further key findings from the report suggest:

• Thermal segment dominated the waste to energy technology in 2015 and accounted for over 80% of the total market revenue
• Processing of non-recyclable materials to produce electricity, heat, and fuel on account of less environmental impact is expected to boost the thermal technology market
• Thermal technologies including incineration, gasification, and pyrolysis are expected to lower the carbon emissions which in turn would lead to increase in the implementation of these WTE technology
• Biological segment is expected to grow at a significant rate of 9.4% over the forecast period
• Rising investment in waste to energy plant facilities, development and R&D of technologies is expected to propel the market over the coming years
• Major companies identified in the WTE market include Waste Management Inc., Covanta Energy Corporation, C&G Environmental Protection Holdings Ltd., and China Everbright International Ltd. among others.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/renewable-energy  

                       

Grand View Research has segmented the waste to energy (WTE) market on the basis of technology and region:

Global WTE Market Technology Outlook (Revenue, USD Million, 2014 - 2024)

• Thermal
• Incineration
• Pyrolysis
• Gasification
• Biological

Global WTE Market Regional Outlook (Revenue, USD Million, 2014 - 2024)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• RoE
• Asia Pacific
• China
• Japan
• India
• RoAPAC
• Central& South America (CSA)
• Middle East & Africa (MEA)

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

Microgrid Market Will Grow at a Steady Rate of 17.0% CAGR from 2014 to 2025: Grand View Research, Inc.

The global microgrid market is expected to reach USD 17.51 billion by 2025,growing at a CAGR of 17.0%, according to a new report by Grand View Research, Inc. The improvement in manufacturing sectors of emerging markets including Mexico, China and India as a result of favorable government policies to attract investments is expected to promote market growth.

Microgrid differs from conventional electrical distribution system as it acts a close proximity medium between the power generation and power consumption sources which results in increasing efficiency and reducing transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations.

Rising importance of captive electricity generation as a key alternative to the regulated power supply by municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact. Furthermore, rising production output of unconventional sources including shale gas in the U.S. and Canada as a result of high utilization of fracking technology is expected to ensure access of natural gas as a power source over the next eight years.

U.S. microgrid market, by power source, 2014 - 2025 (USD Million)

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

                        

Further key findings from the report suggest:

• The global microgrid demand was stood at 1.48 GW in 2016 and is projected to reach 6.54 GW by the end of 2025, expanding at a CAGR of 16.3% from 2017 to 2025.
• Remote microgrid market demand was 568.2 MW in 2016. The segment is expected to foresee tremendous gains owing to the upcoming installation of new projects in Arctic circle, Russia
• Natural gas is expected to witness revenue growth at a CAGR of 18.1% from 2017 to 2025. The governments of Russia and Syria signed Russia-Syria Offshore Gas Deal which is aimed for exploration and production of natural gas in Syrian Coast. The abovementioned favorable trends in natural gas industry of Russia is expected to open new markets.
• Utility is projected to account for 9.6% of global volume share by the end of 2025 as a result of increasing power demand amid the inclusion of new HVAC and heavy load machinery in manufacturing sector
• North America is expected to account for 71.4% of global revenue by the end of 2025. The increasing number of new solar PV microgrids for utility in Northeast and West regions of the U.S. is expected to have a positive impact.
• Key vendors include Siemens AG, Exelon, GE, Lockheed Martin Corporation, Lockheed Martin Corporation, ABB Group, Power Analytics, Toshiba Corporation, Honeywell International Inc, ZBB Energy Corporation, Echelon Corporation and Schneider Electric. In November 2016, Exelon launched five new microgrids at USD 250 million through the assistance with Anarbic. This launch is anticipated to play a crucial role in increasing the market share of Exelon in global industry over the next eight years.

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

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

Artificial Lift Systems Market Is Increasing Due To Rising Demand Of Energy Across The World Till 2025: Grand View Research, Inc.

The global artificial lift market is expected to reach USD 26.5 billion by 2025, according to a new report by Grand View Research, Inc. The industry is anticipated to gain traction owing to the increasing fossil fuel demand coupled with the rising number of mature reserves, which hold a high volume of crude oil. Furthermore, volatile oil prices are persuading oil companies to decrease the per barrel oil production cost, thereby driving the demand for EOR techniques, such as artificial lift systems, over the forecast period.

The robust demand for crude oil and natural gas has led to the depletion of onshore reserves. This has offered offshore deep-water opportunities for several companies, thus catapulting the artificial lift market size. Additionally, technological advancements have encouraged Exploration and Production (E&P) companies to increase the production of crude oil and natural gas in offshore reserves, which is anticipated to further propel demand over the coming years.

Lifting systems are used in offshore applications of deepwater gas lift wells and for subsea production to augment the productivity of wells. Thus, the rising deepwater oil production is anticipated to spur the market growth. Owing to rapid industrialization, conventional sources of oil & gas are depleting at the expense of future energy demands. This has forced companies to meet the end-user demand by focusing on unconventional gas resources. As such, unconventional gas production is considered to act as a key opportunity for players operating in the market.

The demand for energy is increasing globally. The escalating demand for primary energy in transportation, power generation, and household activities has led to increased oil & gas consumption in major economies across the globe. This has led the producers of oil & gas to dig deeper to meet the increasing energy demands, thus instigating the need for artificial lift. However, the fluctuating oil prices and impacted investments would affect market growth, owing to high equipment and capital costs. 

U.S. artificial lift systems market by product, 2014 - 2025 (USD Million)

Browse full research report on Artificial Lift Systems Market: http://www.grandviewresearch.com/industry-analysis/artificial-lift-systems-market 

                       

Further key findings from the report suggest:

• The global artificial lift market exceeded USD 16 million in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to 2025, which is primarily attributed to the increasing oil & gas production coupled with improving production efficiencies at mature fields.
• Electrical submersible pumps are anticipated to emerge as the largest product segment over the forecast period owing to the rising demand for oil worldwide and exploration of newer onshore as well as offshore reserves.
• The ever-rising population in Asia Pacific, particularly India and China, is anticipated to fuel the demand for oil & gas, which is further expected to instigate the adoption of artificial lift systems in this region.
• Key players such as GE Oil & Gas, National Oilwell Varco, Weatherford Plc, Halliburton, Dover Corp., and Schlumberger Limited dominated the market in 2016 with their emphasis on expanding the market presence through mergers and acquisitions.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/conventional-energy      

      

Grand View Research has segmented the global artificial lift market based on products and regions:

Artificial Lift Product Outlook (Revenue, USD Million; 2014 - 2025)

• Rod Lifts
• Electrical Submersible Pumps
• Progressive Cavity Pumps
• Gas Lift
• Hydraulic Pumps
• Others

Artificial Lift Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Russia
• Norway
• Asia Pacific
• China
• India
• Japan
• Indonesia
• Malaysia
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• UAE
• Kuwait
• Iran

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-artificial-lift-systems-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

Gas Turbine Market Is Predicted To Grow Swiftly Due To Increasing Availability Of Natural Gas For Power Generation Till 2025: Grand View Research, Inc.

The global gas turbine market size is expected to reach USD 30.08 billion by 2025, according to a new report by Grand View Research, Inc. The increasing availability of natural gas for power generation, expanding oil & gas industry, awareness regarding flexible resources for energy production based on renewable energy sources are some of the key factors expected to play a significant role in propelling the global demand.

Even though the demand for natural gas as a fuel for new capacity additions is fast catching up, its limited availability is expected to pose a significant challenge. Geopolitical issues are another major factor, which is likely to affect the natural gas supply.

Turbines with capacity ≤200 MW are likely to maintain the highest market share due to rising demand for flexible power generating units and rapidly growing oil & gas industry. Easily available financing prospects for small power plants are another factor supporting the growth of low capacity turbines.

The market is consolidated with top five market players accounting for over 65% market share. Being a mature market, market participants focus on post-sales services to remain competitive. Mergers and acquisition is a key strategy implemented. One such example is the acquisition of Alstom’s power and grid business by GE.

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

Browse full research report on Gas Turbine Market: http://www.grandviewresearch.com/industry-analysis/gas-turbine-market 

                     

Further key findings from the report suggest:

• The global gas turbine market demand was over 60,000MW in 2015 and is expected to grow at an estimated CAGR of 4.3% from 2016 to 2025
• Power generation was the largest application segment in 2015 and is likely to continue the trend during the forecast period
• Due to Fukushima nuclear disaster, Japanese government is now focusing on R&D for combined cycle power plant
• Iraq government tied up with General Electric to set up 3,000MW gas power plant
• Asia Pacific is expected to grow at a CAGR of 5.4% in terms of revenue over the forecast period and is expected to be the fastest growing region
• Europe is expected to grow at an estimated CAGR of 4.9% in terms of revenue from 2016 to 2025
• Major players operating in the global gas turbine market include General Electric Company, Siemens AG, Kawasaki Heavy Industries, Ltd., Ansaldo Energia S.P.A., Bharat Heavy Electricals Limited, Opra Turbines B.V., Solar Turbines Incorporated, etc.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/conventional-energy       

  

Grand View Research has segmented the global gas turbine market on the basis of capacity, technology, application and region:

Capacity Outlook (Capacity, Mega Watts; Revenue, USD Million, 2014 - 2025)

• ≤200 MW
• >200 MW

Technology Outlook (Capacity, Mega Watts; Revenue, USD Million, 2014 - 2025)

• Open Cycle
• Combined Cycle

Application Outlook (Capacity, Mega Watts; Revenue, USD Million, 2014 - 2025)

• Power Generation
• Industrial
• Aviation

Regional Outlook (Capacity, Mega Watts; Revenue, USD Million, 2014 - 2025)

• North America
• U.S
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Middle East and Africa
• Saudi Arabia
• Central & South America
• Brazil

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

Hybrid Power Solutions Market Is Predicted To Grow Swiftly Due To The Increasing Awareness Regarding Global Warming Till 2025: Grand View Research, Inc.

The global hybrid power solutions market is expected to be valued at USD 1.35 billion by 2025, according to a new report by Grand View Research, Inc. Hybrid power solutions are increasingly used owing to advantages such as less fuel consumption and low electrification rates. 

Hybrid power solution systems incorporate more than one type of power source and designed for the generation of centralized electricity grid. They are used to provide energy to many remote areas in developing countries such as India. In addition, the system possesses an ability to offset disadvantages such as fuel flexibility, CO₂ emissions, and reliability. The systems are manufactured to achieve desired attributes at lower cost and maximum efficiency, which in turn is expected to fuel the market growth over the forecast period.

Solar-diesel system type was the largest segment in 2016 and valued at USD 216.1 million. The solar energy and diesel hybrid systems provide energy by using solar irradiance, which is both free & abundant. These systems can be used in various industrial applications such as road lighting and fishing boats. In comparison to gensets systems, solar-diesel provide numerous advantages as they have the capability to minimize CO2 emissions and also reduce the risks associated with increasing fuel prices.

Several companies in the U.S., such as Bergey Wind Power Company (BWC); Integrated Power Corporation (IPC); and New World Power Corporation (NWPC), are investing heavily in the product and market development activities, which includes the development of equipment necessary for providing electricity to remote areas. In a bid to lure more customers, companies are focusing on novel product development.

U.S. hybrid power solutions market revenue, by system type, 2014 - 2025 (USD Million)

Browse full research report on Hybrid Power Solutions Market: http://www.grandviewresearch.com/industry-analysis/hybrid-power-solutions-market

 Further key findings from the study suggest:

• The global hybrid power solutions market was valued at USD 1,352.4 million by 2025 and is estimated to denote a CAGR of 9.5% from 2017 to 2025
• The global demand for wind-diesel system type was valued at USD 180.4 million in 2016. The segment is anticipated to record steady growth over the next 8 years.
• Commercial sector is anticipated to be the fastest-growing segment, by end use, ascending at a CAGR of 9.9% over the next 8 years
• The Middle East and Africa is anticipated to progress at a CAGR of 9.6% over the forecast period. Growing government initiatives toward power generation through renewable sources are expected to boost the demand for solutions in the coming years.
• Key players of the market include Siemens AG; SMA Solar Technologies AG; Danvest Energy A/S; Alpha Power Solutions; and PFISTERER Holding AG. These players often engage in the research & development activities in order to expand their product portfolios and gain larger market shares.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-hybrid-power-solutions-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