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The global power transformer market is touted to experience a stellar 8.64% CAGR during the assessment period, as per the analysis of MRFR. Power transformers are a reliable source of energy backup for power and utility sectors. It can contribute to the reduction of energy emissions in several sectors and handle energy loads to support the use of generators and grids.
Power transformers are devices for transferring electrical energy between electrical devices. These intermediate devices are used between distribution systems for handling fluctuations in voltages. The global Power Transformer Market report by Market Research Future (MRFR) takes a look at the various underlying drivers, challenges, opportunities, and restraints which can shape the industry during the period of 2018 to 2023 (forecast period). The COVID-19 pandemic and its impact on the industry has been explored at depth.
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Investments in the energy sector owing to infrastructural developments can be the gamechanger of the market. Development of nuclear power plants, integration of smart devices for measuring power, and use of safeguards to send alerts in case of critical emergencies can drive the market growth. Establishment of storage areas for capturing renewable energy and the staggering growth in the renewable energy sector due to policies outlined by developed nations to minimize emissions can be instrumental to the market demand in the coming years. Awareness of carbon emissions and launch of advanced products for replacement of legacy transformers in urban areas can fuel the market. High costs of power transformers can lead to hesitation among major leaders for investing in industrial sectors but the demand for electricity can drive the market demand.
The COVID-19 outbreak has affected the power transformer industry owing to the closure of factories, commercial complexes, and schools. Power companies would have to incur huge losses in 2020 due to this. China, in particular, has felt a decline of 12% in electricity consumption owing to shutdown of factories and units in the industrial sector.
Segmentation
The global Small Power Transformer Market is segmented by cooling type and power rating.
- By cooling type, the power transformer market is segmented into oil-cooled and power-cooled. Both of these mentioned transformers can transmit power over large distances.
- By power ratings, the market caters to small power, medium power, and large power. Among these, the small power segment possesses the capacity in the range of doling out 100-500 mega volt amps (MVA). Similarly, the medium range power transformers have a capacity between the ranges of 500-800 MVA and large range possesses above 800 MVA potential.
List of Tables
- TABLE 1 MARKET SYNOPSIS 13
- TABLE 2 LIST OF ASSUMPTIONS 15
- TABLE 3 GLOBAL POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016–2023 (USD MILLION) 32
- TABLE 4 GLOBAL POWER TRANSFORMER MARKET, BY POWER RATING, 2016–2023 (USD MILLION) 35
- TABLE 5 GLOBAL POWER TRANSFORMER MARKET, BY REGION, 2016-2023 (USD MILLION) 37
- TABLE 6 NORTH AMERICA: POWER TRANSFORMER MARKET, BY COUNTRY, 2016-2023 (USD MILLION) 38
- TABLE 7 NORTH AMERICA: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION) 39
- TABLE 8 NORTH AMERICA: POWER TRANSFORMER MARKET, BY POWER RATING, 2016-2023 (USD MILLION) 39
- TABLE 9 U.S.: POWER TRANSFORMER MARKET, BY COOLING TYPE, 2016-2023 (USD MILLION) 40
Regional Analysis
The segments and sub-segments covered in the report are analyzed with respect to four major regions – North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).
APAC is likely to lead in the market owing to the large population owing to efforts by developing nations for modernizing their energy infrastructure. China is expected to be one of the biggest users of electricity owing to being home to various industrial hubs and manufacturing centers.
Europe has assumed the second spot in the global power transformer market with Germany taking the lead. Favorable initiatives for refurbishment of energy grids and development of energy infrastructure owing to sustainable policies can drive the regional market growth.
Competitive Outlook
- SPX Transformer Solutions Inc.
- Hyosung Power & Industrial Solutions
- Siemens AG
- Bharat Heavy Electricals Limited
- Crompton Greaves Ltd.
- Hyundai Electric & Energy Systems Co.Ltd.
- Toshiba Corporation
- Schneider Electric
- ABB Ltd.
- SGB-SMIT Group
- Mitsubishi Electric Corporation
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Industry Insight
Power Rental Market is projected to be worth USD 18.11 billion by 2028, registering a CAGR of 8.2% during the forecast period (2021 - 2028)., The market was valued at USD 10.20 billion in 2021.
Top Influential Factors
The power rental market is in the line of emergence as the revenue earned either by renting a temporary power plant or generators. Power is generated by burning fossil fuels such as oil, coal, and gas to generate steam that drives large turbines to produce electricity. Power rental is defined as plant hire having flexible, reliable, speed, and cost-effectiveness as features that are supposed to drive the market. The global power rental market is likely to witness significant growth during the foretell period on the base of a rise in demand for power worldwide.
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In fact, the rise in the development of power infrastructure, power consumption, and increase in construction is anticipated to enhance the demand for power rental in the forecasted years. To add in this, the rise in demand for power from the oil & gas industry is yet another significant factor that boosts the market growth. MRFR, in its study, has also included that to boost the development of power supply, the Government of India created many corporations such as NTPC Limited, State Electricity Boards (SEB), and NHPC limited to cater piercing power supply demands. Additionally, a lot of more countries globally are looking to develop their infrastructure, for which massive investments have been made to boost infrastructural activities. This has also had a positive impact on the growth of the market in the last recent years.
On the contrary, the factor of enforcement of stringent regulations on emissions occurred by generators coupled with ascend in transmission and distribution expenditure could be the reason behind the hindrance of the market growth in the forecast period. However, the demand for power in emerging economies like India and China could show signs of relief to set up new growth opportunities for the global power rental market in the upcoming years.
Segmentation of Market: Power Rental
The report on the global power rental market covers segments such as application, fuel type, and end-user.
- In terms of fuel type segment, the market has included diesel and gas.
- In terms of the application segment, the market has included standby power, baseload, and peak shaving.
- In terms of the end-user segment, the market has included oil & gas, shipping, utilities, manufacturing, construction, and mining.
Regional Front
On the basis of regional assessment, the global power rental market studies among North America, Europe, Asia-Pacific, and RoW. Where, North America region leads the global power rental market, as it occupied the largest market share of 31.60% back in 2016, with a market value of USD 3,773.9 million. Aging grid infrastructure and natural calamities that cause frequent power outages and increasing demand industrial sector are the reasons behind the fuelling of the growth of the market in the North American region.
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Asia-Pacific was recorded to be the second-largest market in 2016, valued at USD 2,663.2 million in 2016. Now, it is projected to expand at a CAGR of 8.98% during the forecast period. The expansion of the power rental market in the Asia-Pacific region is majorly driven by factors such as the continued expansion of constructional and developmental activities and the rapid boost in the demand-supply gap of electric power in emerging economies of the region.
However, the Rest of the World is projected to expand at the highest CAGR of 10.98%.
Top Market Players
- Caterpillar Inc. (U.S.)
- Aggreko Plc. (U.K.)
- Herc Rentals Inc. (U.S.)
- Cummins Inc. (U.S.)
- Ashtead Group Plc. (U.K.)
- Speedy Hire Plc. (U.K.)
- APR Energy (U.S.)
- United Rentals Inc. (U.S.)
- L.M. Generating Power Co. Ltd. Ltd (Canada)
- Bredenoord Exploitatiemij B.V. (The Netherlands)
These players are also emerging as leaders in the post-COVID era and are taking the impact analysis seriously.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Market Highlights
Hydraulic Power Unit Market size is projected to reach USD 8.01 Billion by 2025, with 5.3% CAGR between 2019 and 2025.
The Hydraulic Power Unit Market Share is segmented into five regions, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America. Asia-Pacific holds the largest share in the hydraulic power unit market, owing to the increasing investments in the industrialization in countries such as India, Australia, and China.
In Europe, Germany is expected to be the largest and the fastest growing country in the hydraulic power unit market, owing to the increasing presence of hydraulic power unit manufacturers. The rising industrial processing, construction, and mining activities in the country’s minerals & metals industry contribute a considerable share to the country’s GDP. As a result, the hydraulic power unit market in Germany is estimated to register a significant CAGR during the forecast period.
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In North America, the US is expected to be the largest market owing to the growing agriculture sector, which is one of the largest sectors in the country. Additionally, the US is also expected to grow at the fastest rate. Such factors are likely to drive the growth of the hydraulic power unit market in North America during the forecast period.
In the Middle East & Africa, Saudi Arabia is projected to be the largest and the fastest growing country in the hydraulic power unit market owing to the increasing investments by local and international players in the country. These factors are expected to boost the demand for hydraulic power units as they help oil and gas companies reduce costs and improve efficiency.
In South America, Brazil is expected to be the largest and the fastest growing country in the hydraulic power unit market owing to the developing agriculture sector, which contributes almost 25% to the country’s GDP, thereby boosting demand for hydraulic power units in the country.
The global hydraulic power unit market is segmented based on operating pressure rating and application. By operating pressure rating, the global market is segmented into up to 750 PSI, 750–2000 PSI, 2000–3000 PSI, and above 3000 PSI. The 750–2000 PSI segment is projected to be the largest market share in the global hydraulic power unit market. By application, the global market is segmented into mobile, industrial, and others. The mobile segment is expected to hold the largest market share in the global hydraulic power unit market.
The Global Hydraulic Power Unit Market is expected to grow at 5.3% CAGR during the forecast period.
Scope of the Report
This report provides an in-depth analysis of the global Hydraulic Power Unit Market Size, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for South America, North America, the Middle East & Africa, Europe, and Asia-Pacific. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global hydraulic power unit market by operating pressure rating, application, and region.
- By Operating pressure rating
- Up to 750 PSI
- 750–2000 PSI
- 2000–3000 PSI
- Above 3000 PSI
- By Application
- Water & Wastewater Treatment
- Mobile
- Industrial
- Others
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Key Players
The players operating in the Global Hydraulic Power Unit Market are Bosch Rexroth AG (Germany), Brevini Fluid Power S.p.A (Italy), Parker Hannifin Corporation (US), Weber Hydraulik GmbH (Germany), Hydromega (Canada), Hydac International GmbH (Germany), Nachi-Fujikoshi Corporation (Japan), Bailey International LLC (US), Eaton Corporation (Ireland), Energy Manufacturing Company, Inc. (US), Hydro-tek Co Ltd. (South Korea), Branch Hydraulic Systems Ltd (UK), Related Fluid Power Ltd. (UK), and HCS Control Systems Ltd. (UK).
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Market Highlights
Gas genset market is expected to grow at ~5.00 % CAGR during the forecast period.
Genset refers to engine and alternator/generator. For instance, gas genset market consists of gas engine, alternator/generator, fuel day tank, basecamp, cooling system, and an enclosure. Engine converts the chemical energy into mechanical energy and this energy is used to power the rotor in order to convert mechanical energy into electrical energy. An alternator is made of two main parts; a rotor and stator. Spinning the alternator rotor through the magnetic field between the rotor and stator creates a voltage on the alternator stator through electromagnetic induction phenomenon. When the voltage on the stator is connected to a load, electrical current flows, and the generator produces power. Gensets finds application majorly in areas not connected to grids and in areas having frequent power outages. Natural gas gensets are cleaner, quieter, and more efficient as compared to diesel gensets.
Based on end-user, the gas genset market is segmented into industrial, commercial, and residential. Residential segment is estimated to dominate the market during the forecast period due to the increasing demand for energy resources in remote and rural areas. The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the power rating, the market is segmented as up to 100 KVA, 100-350 KVA, 350-1000 KVA, and Above 1000 KVA. Up to 100 KVA segment accounts for largest share in the gas genset market due to its rising installation in residential sector.
The global gas genset market is expected to grow at ~ 5.00% CAGR during the forecast period.
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Market Research Analysis
North America accounts for the largest market share in the Gas genset market
Region wise, North America held the largest market share of the global gas genset market in 2017 owing to huge availability of natural gas in the region. The global gas genset market in North America is dominated by US owing to growth of natural gas and decline in natural gas prices in the US. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising natural gas production in the region. The gas genset market would be mainly driven by the favorable government regulations against greenhouse gas emissions.
GLOBAL GAS GENSET MARKET 2018-2023
Scope of the Report
This report provides an in-depth analysis of the global gas genset market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the gas genset market by its fuel, power rating, application, end-user, and region.
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- By Fuel
- Natural Gas
- Biogas
- Others
- By Power Rating
- Up to 100 KVA
- 100-350 KVA
- 350-1000 KVA
- Above 1000 KVA
- By Application
- Standby
- Peak Shaving
- Continuous
- By End-User
- Industrial
- Commercial
- Residential
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South Africa
Key Players
The key players of the global gas genset market are Caterpillar, Cummins, Wartsila, Siemens AG, GE, ABB, Genrac Power Systems, MTU Onsite Energy GmbH, PARAMAC, Himoinsa, and Sudhir Power. among others.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
Continued…
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
Industry Insight
In its latest study, Market Research Future summed neatly that the global heat exchanger system market 2020 could witness stability from the years 2018–2023. In these years, the market’s potentiality might rise at a rate of 9.5%, with a high market value. It could be the great achievement of the market to see the future amidst COVID 19 pandemic across the world.
Notable Developments
In the last decades, Heat Exchanger Market have gone through a rapid development phase known for offering quiet, efficient operation. High potential in the consumer market, simultaneous incessant investment in a large number of industries, as well as rising capital expenditure are the factors expected to augment the growth of the heat exchanger market in the coming years, mainly post COVID 19 pandemic.
Most of the foremost company in the world is looking to forward to investing in the Asia Pacific owing to its more substantial consumer base and profitable opportunities. The Asia Pacific is termed to be one of the fastest-increasing regions in the world with the incidence of emerging economies such as China, India, Japan, and more.
Factors such as the swell in industrial operations in the developing countries and the installation of new power plants are liable to motivate the market in the assessment period. In fact, due to benefits such as low prices, the heat exchangers market is being used extensively across various industry verticals. In this, the power generation industry is the principal end-use industries for global heat exchangers market. Power generation, automotive Industries are yet other significant end-users for the heat exchangers market, indicated MRFR.
On the contrary, a considerable surge in renewable energy, which rarely requires a heat exchanger, is likely to have a negative blow on the global heat exchange market for the assessment period.
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Segmentation of Market
The global heat exchanger market is segmented among the segments of type and application.
In terms of type segment, the market has included plate, shell & tube, regenerative, and air-cooled. Shell & tube heat exchanger segment might lead the market, mainly in support of higher operating temperatures and pressure, ease of fault detection, the massive potential of heat transfer, free from erosion, and less pressure drop across the tube cooler.
In terms of the application segment, the market has further classified into oil & gas, chemicals, HVACR, power generation, food & beverages, and others. Heat exchangers are used in chemical process industries such as petrochemicals, polymers and plastics, agrochemicals, and pharmaceutical companies. Hence, the chemical segment grabs the largest market share in the heat exchanger market. The oil & gas industry also holds the second largest market share owing to a boost in refineries and mining machinery coolers.
Regional Front
The Asia Pacific region is the primary Heat Exchangers Market in support of rising investments in chemical industries and escalating power generation capacity in countries such as Japan, China, and India. Hence, the growth of manufacturing, chemical, and construction industries in Asia-Pacific might lead the market growth during the assessment period. As per claims from World Nuclear Performance Report 2018, published by World Nuclear Association, projects that four reactor construction projects were commissioned by 2017 with a capacity of 4298 MW from countries such as India, Bangladesh, and South Korea. This signifies a considerable contribution from Asia-Pacific countries, which motivates the market demand for the heat exchange market. Hence, the global heat exchanger market generates a unique demand across verticals of industries for the application of heat exchanger, which brings the market development during the assessment period.
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Industry Players
- Kelvion Holdings Gmbh (Germany)
- Alfa Laval AB (Sweden)
- Danfoss A/S (Denmark)
- Southern Heat Exchanger (U.S.)
- Xylem Inc. (U.S.)
- SPX Corporation (U.S.)
- Gunter AG & Co. KG (Germany)
- API Heat Transfer Inc. (U.S)
- Hamon & Cie International SA (Belgium)
- Sierra S.p.A (Italy)
- Hughes Anderson Heat Exchangers (U.S.)
- Koch Heat Transfer Company (U.S.).
Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
Continued…
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future
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+1 628 258 0071(US)
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The global market for diesel generators is expected to register a steady growth rate until the end of 2025 owing to a rise in demand for continuous power supply and the cost efficiency of diesel generators. A continuous power supply is the baseload electricity required to run a predefined set of electrical equipment.
A diesel generator is a compact and robust machine, which is used for converting mechanical energy to electrical energy. It uses diesel as fuel for combustion, which is injected into the combustion chamber under high pressure. This helps the generator start and rotate the shaft, producing electricity. It is used for supplying the electrical power during power cuts, blackouts, or any other interruption to the main power supply, mostly in the industrial and commercial sectors. The agriculture sector has also emerged as a major end user of diesel generators market over the last few years, as electricity supply in rural areas where agriculture is practiced may be intermittent and unreliable.
The baseload electricity supply has to be maintained at all times and is the minimum amount of electricity an end user’s facility will need to successfully operate the equipment and systems at the facility. Many end-user facilities generate their baseload power supply through diesel generators due to various factors such as the inaccessible grid electricity and the intermittent nature of grid-connected electricity. For instance, end-users who use diesel generators for oil & gas and mining applications mostly operate in remote areas and generate their baseload electricity through these generators.
As per the BP Statistical Review of World Energy 2019, global oil production grew from 92,502 thousand barrel per day (TBPD) in 2017 to 94,718 TBPD in 2018, and the global natural gas production grew from 3,677.7 billion cubic meters (BCM) in 2017 to 3,867.9 BCM in 2018.
The growth in production can be attributed to the improving global economic conditions and the simultaneous increase in demand for energy. The sites for oil and gas exploration and production are mostly located in remote areas and are dependent on diesel generators to provide continuous electric power supply for powering critical equipment, such as pumps, motors, well control equipment, and lighting systems, at the drilling site.
After the oil price slump in 2014, the market has been growing at a steady rate since 2016 and is expected to continue growing during the forecast period. Thus, the growth in the global operational rig count is expected to increase the demand for diesel generators, globally, during the forecast period.
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Competitive Leaderboard:
Leading players in the global diesel generator market include
- Cummins Inc.
- Caterpillar
- Wartsila
- Rolls-Royce plc
- Mitsubishi Heavy Industries Ltd.
- Ashok Leyland
- Greaves Cotton Limited
- Denyo Co. Ltd.
- Kirloskar Electric Company.
Segmentation:
The global diesel generator market is segmented on the basis of power rating, portability, end use, and region.
- On the basis of power rating, the global diesel generator market is segmented into 375-1000 KVA and more than 1000 KVA.
- By portability, the global diesel generator market is segmented into stationary and portable. The portable segment of the market has been growing at a steady growth rate over the last few years and is likely to be a major segment of the global diesel generator market over the forecast period.
- By end use, the global diesel generator market is segmented into industrial, commercial, and agriculture. The industrial segment holds the largest share in the global diesel generator market. Driven by the growing demand for diesel generator in the oil and gas industry, the industrial segment is likely to be the major consumer of diesel generators over the forecast period.
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List of Tables
- TABLE 1 PRIMARY INTERVIEWS 25
- TABLE 2 LIST OF ASSUMPTIONS 29
- TABLE 3 GLOBAL DIESEL GENERATOR MARKET: MARKET ESTIMATES & FORECAST, BY POWER RATING, 2017–2025 (USD MILLION) 42
- TABLE 4 GLOBAL DIESEL GENERATOR MARKET: MARKET ESTIMATES & FORECAST, BY PORTABILITY, 2017–2025 (USD MILLION) 44
- TABLE 5 GLOBAL DIESEL GENERATOR MARKET: MARKET ESTIMATES & FORECAST, BY END USE, 2017–2025 (USD MILLION) 46
- TABLE 6 GLOBAL DIESEL GENERATOR MARKET: MARKET ESTIMATES & FORECAST, BY INDUSTRIAL, 2017–2025 (USD MILLION) 47
- TABLE 7 GLOBAL DIESEL GENERATOR MARKET, BY REGION, 2017–2025 (USD MILLION) 50
Regional Analysis:
Asia Pacific is a prominent regional segment of the global diesel generator market, due to the growing oil and gas activities in the region. The growing agriculture sector in the region is also likely to be a major driver for the diesel generator market in the region.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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AC Drives Market is projected to be worth USD 32.51 billion by 2027, registering a CAGR of 5.97% during the forecast period (2021 - 2027), The market was valued at USD 19.15 billion in 2020.
Market Highlights
AC drives are used to control the speed of an electric motor that are used in electrical products. The speed of the motor is controlled by changing the frequency of the electricity passing through the motor. The AC drives are commonly used in industries, such as oil & gas, power generation, food & beverage, metals & mining, and others. The major advantages of AC drives include energy saving, reverse operation, and elimination of mechanical components in order to reduce maintenance cost.
On the basis end-use, the AC Drives Market is segmented as oil & gas, power generation, and water & wastewater, among others. Power generation segment is estimated to dominate the market during the forecast period due to rising investment in renewable energy, across the globe. Further, AC drives are widely used in manufacturing industries to regulate and control equipment, such as fans, conveyors, machine spindles, and pumps to improve the efficiency of equipment and reduce energy consumption by 35-40%. These factors will help increase the growth of AC drives market within the power generation sector.
Market Research Analysis
Asia-Pacific accounts for the largest market share and the fastest growing region as well.
Region wise, Asia-Pacific held the largest share of the global AC drives market in 2017. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the industrialization and urbanization. Moreover, the increased demand for energy efficient equipment and supportive government plans are expected to drive the market for AC drives in Asia-Pacific.
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GLOBAL AC DRIVES MARKET 2018-2023
Scope of the Report
This report provides an in-depth analysis of the global Global AC Drives Market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East, Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the AC drives market by its voltage, power rating, application, end-user, and by region.
By Voltage
- Low
- Medium
By Power Rating (kW)
- Low power
- Medium power
- High Power
By Application
- Pumps
- Fans
- Extruders
- Conveyors
- Compressors
By End-Use
- Oil & Gas
- Power Generation
- F&B
- Metals & Mining
- Water & Wastewater
- Chemicals & Pharmaceuticals
- Others
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Key Players
The key players of global AC drives market are ABB (Switzerland), Siemens (Germany), Danfoss Group (Denmark), Schneider Electric (France), Rockwell Automation, Inc. (US), Mitsubishi Electric Corporation (Japan), Yaskawa Electric Corporation (Japan), WEG (Brazil), Toshiba International Corporation (Japan), Hiconics Drive Technology Co. Ltd (China), Hitachi Ltd (Japan), Parker Hannifin Co (US), Delta Electronics, Inc. (Taiwan), and others.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
Continued…
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Growing Demand for Renewable Energy to Drive Utility Drones Market
The global utility drones market is expected to exhibit a stellar 35.42% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global utility drones market is expected to reach a valuation of more than USD 630 million by 2025.
The report presents a complete overview of the global utility drones market’s major drivers and restraints. The impact of the COVID-19 pandemic on the global utility drones market is also assessed in detail in the report. The report also presents a comprehensive overview of the utility drones market’s competitive landscape by profiling the major players in the global market.
Utility drones are used to monitor power generation and distribution infrastructure. They are equipped with high-resolution infrared cameras that can take highly detailed images of power generation and distribution infrastructure. This is a very important process for protecting the equipment from vandalism and natural accidents that may harm the equipment and knock out the power generation capacity. The increasing investment in power generation and distribution infrastructure from governments around the world is likely to be a major driver for the global utility drones market over the forecast period. Utility drones equipped with infrared cameras can also take pictures of overheating equipment, as the thermal signature would get registered in the infrared cameras. This makes utility drones doubly useful for power generation and distribution projects.
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Developments in drone technology are also likely to be a major driver for the global utility drones market over the forecast period. Drone technology has really come along in the last few years due to growing investment from major players. The multifaceted applicability of drones has led to major investments from key players in drone technology in the last few years. As the usage of drones has grown, technological advancements have kept pace with it, delivering advanced and sophisticated versions of drones to users. This is likely to be a major driver for the global utility drones market over the forecast period.
The increasing investment in renewable energy generation is likely to be a major driver for the global utility drones market. Renewable energy farms need more protection than conventional energy generation plants, as the energy generating equipment, i.e. solar panels or wind turbines, are usually exposed to the elements, as opposed to conventional energy generation procedures, where the equipment is housed in a building of some kind. This necessitates the use of sophisticated monitoring solutions such as utility drones.
Competitive Leaderboard:
- DJI
- YUNEEC
- Hemav
- Asset Drone
- Aerodyne Group
- ULC Robotics
- ABJ Drones
- Terra Drone
- Sky Futures
- Sharper Shape Inc.
- Measure
- SkyScape Industries
- Delair
- PrecisionHawk
- Cyberhawk Innovations Limited.
In May 2018, Delair signed an agreement with Sphere Drones in Australia to deliver Delair UX11 products.
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Segmentation:
The global utility drones market is segmented on the basis of service, type, end use, and region.
- By service, the global utility drones market is segmented into end to end solutions and point solutions. The end to end solutions segment dominates the global utility drones market due to the convenience of end to end solutions for the client. Once purchased, end to end solution providers take care of all complications for the client, making the purchase fruitful for the client.
- By type, the global utility drones market is segmented into multi-rotor and fixed-wing. The multi-rotor segment is expected to exhibit the highest growth rate over the forecast period due to the fact that multi-rotor drones are cheaper and easily available.
- By end use, the global utility drones market is segmented into conventional and renewable. The renewable segment is expected to dominate the global utility drones market over the forecast period.
Regional Analysis:
North America is the largest regional market for utility drones and is likely to retain its dominance over the forecast period.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
Continued…
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
Market Synopsis
The data experts at Market Research Future Reports (MRFR) have conducted a thorough analysis of the global hydropower market. The analysis has revealed that the global hydropower market is estimated to grow at a CAGR of 3% during the review period.
The increasing inclination towards adopting renewable energy is estimated to be the major factor driving the global Hydropower Market 2020. The increasing demand for sustainable energy source is augmenting the demand for hydropower at a global level. Besides, the alarming situation of the environment has provoked the governments of various nations to implement rigid rules to protect the environment. Moreover, the surging demand for electricity is projected to play an important role in augmenting the hydropower market. In addition, the growing industrialization and urbanization are estimated to give an appropriate environment to hydropower market to bloom.
However, the outbreak of COVID-19 has resulted in a pause in the daily operational activities of the global hydropower market. The departments have been temporarily shut to restrain the spread of coronavirus. Precise research is being conducted on the aftermath of coronavirus on the global hydropower market. We will provide an impact analysis report on COVID-19.
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Market Segmentation
The global hydropower market can be segregated on the basis of capacity and region.
- On the basis of capacity, the global hydropower market can be segmented into large hydropower, mini-hydro power, micro and pico hydropower, and small hydropower.
- On the basis of region, the global hydropower market can be segmented into Asia Pacific, North America, Europe and Rest of the World.
Regional Analysis
The data experts at MRFR thoroughly studied the global hydropower market on the basis of region. Asia Pacific, North America, Europe and Rest of the World (RoW), has been evaluated. The hydropower market is at a growing stage due to the increasing demand for power and the initiatives taken to use renewable resources. As per the analysis, the APAC region is estimated to dominate the global market. The second and third position is attained by Europe and North America, respectively. The research states that robust urbanization and industrialization are one of the most significant factors leading to market growth. Besides, the region has been experiencing an increase in demand for electricity which has a direct impact on the expansion of hydropower market.
Moreover, the abundance of water resources, accompanied by geographical conditions, the APAC region is likely to augment the Global Hydropower Market. On the other hand, North America is estimated to expand owing to the plenty of unexploited reserves with the increasing steps towards reliable and clean electricity is likely to propel the market in the region. The European region is estimated to expand the hydropower market due to the increasing concern towards climatic change. Besides, the participation of government is estimated to augment the market.
However, market dynamics are likely to change due to the spread of coronavirus.
Key Players
- Tata Power Corporation (India)
- ANDRITZ HYDRO GmbH (Austria)
- Voith GmbH (Germany)
- General Electric Company (U.S)
- Alfa Laval (Sweden)
- China Three Gorges Corporation (China)
- Metso Corporation (Sweden)
- ABB Ltd (Switzerland)
- Hydro-Québec (Canada)
- Engie (France)
Table Of Contents
1... Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
Continued…
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
Market Scenario
As per the recent assessment by Market Research Future Reports (MRFR), the hydrogen generator market is anticipated to flourish at a CAGR of 5% during the assessment period. Encouraging the usage of fossil fuel for power generation is the most substantial element augmenting the global hydrogen generator market 2020.
The demand for a constant power supply is increasing due to the sudden rise in the worldwide population and the expeditious industrialization across the world. Moreover, there has been a rise in adopting cleaner fuel sources, strict rules and regulations to monitor the carbon emissions and the excessive exhaustion of fossil fuels. Hydrogen Generator Market provide low-cost operations which play an essential role in expanding the market. Also, they act as a trustworthy source for refineries, oil and gas sector, and the chemical sector and the fiscal operations and lessened carbon radiation. In addition, it also regulates the safety issues by eradicating cylinder handling, hydrogen storage, and routine hydrogen delivery. These factors are likely to augment the market size. However, elements such as instability in prices, and the concerns regarding the continuous hydrogen supply is likely to act as a constraint in the growth of the global hydrogen generator market.
The assessment carried out by MRFR displays the effect of the COVID-19 pandemic. Also, an in-depth analysis of factors amplifying and thwarting the market in the post-COVID-19 environment has been evaluated. We will provide COVID-19 impact analysis with the report.
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Market Segmentation
The worldwide hydrogen generator market can be classified on the basis of capacity, process, product, application, and regions.
- Based on capacity, the worldwide hydrogen generator market can be segmented into <100 Nm3/h, 100-2,000 Nm3/h, and >2,000 Nm3/h.
- Based on process, the worldwide hydrogen generator market can be segmented into Steam Reformer, Continuous power, and Electrolysis.
- Based on the product, the worldwide hydrogen generator market can be divided into On-Site and Portable.
- Based on application, the worldwide hydrogen generator market can be segmented into Chemical Processing, Fuel Cells, Petroleum Recovery, and Refinery.
- Based on regions, the worldwide hydrogen generator market can be segregated into North America, Asia Pacific, Europe, and the Rest of the World (RoW).
Geographical Analysis
The geographical assessment of North America, Asia Pacific, Europe, and the Rest of the World (RoW) has been carried. According to the study, North America is projected to expand at the highest rate. It is likely to seize the maximum market share in the global Hydrogen Generation Market Size. The expansion of oil & gas and refineries and chemical industries in the area and exploration of shale gas is likely to drive the market in the region in the forthcoming period. Moreover, the increasing conversion of conventional coal-fired power plants into cleaner fuel power plants like hydrogen is additionally estimated to propel the market.
The APAC region is likely to expand significantly during the forecast period. Due to the existence of various emerging economies, the region is estimated to expand considerably in the forthcoming period.
The outbreak of COVID-19 is likely to change the market mechanism of various regions. Various markets have been influenced significantly due to the observation of nationwide lockdown in various countries.
Key Players
- Air Products and Chemicals Inc. (the U.S)
- Air Liquide S.A. (France)
- Hydrogenics-Corporation (Canada)
- LNI Swissgas SA (Switzerland)
- Epoch Energy Technology Corporation (Taiwan)
- Idroenergy S.R.L. (Italy)
- McPhy Energy S.A. (France)
- Linde AG (Germany)
- Proton OnSite ( the U.S)
- Praxair Inc. (the U.S)
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Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
Continued…
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
