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Market Scope
The global solid oxide fuel cell market is anticipated to touch USD 1,183.6 million by 2023, as per an insightful report by Market Research Future (MRFR). It is expected to expand at a 12.87% CAGR during the assessment period.
Solid oxide fuel cells (SOFCs) are fuel cells capable of generating power through electrochemical conversions. Zirconium and calcium are used to enhance its electrical efficiency. The global Solid Oxide Fuel Cells Market report by Market Research Future (MRFR) covers trends on its applications and the scope on investments during the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its effects on the production and value chain are explored in detail.
The market is set to accumulate huge revenues over the forecast period owing to pressure from nations globally for reducing carbon emission levels. Government funding and collaborations between private and public companies can drive the technology of SOFCs. Favorable policies coupled with implementation of fuel cell systems can augment the market size considerably. Awareness of alternative energy sources and establishment of micro combined heat and power applications can bode well for the market.
The high-cost for processing of SOFCs can limit the market growth.
Segmentation
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Regional Analysis
North America accounted for 46.5% market share in 2017. It is also expected to register the fastest CAGR during the forecast period. This can be credited to nations such as the U.S. and Canada’s massive investment in the industry. Natural Sciences and Engineering Research Council of Canada, a part of SOFC Canada, has committed to producing next-generation SOFC technologies. The U.S. has a wide-scale usage of SOFCs in sectors requiring large-scale auxiliary power, electric utilities, and distributed generation.
APAC followed North America in this regard due to South Korea and Japan contributing to the system the most. Japan is leading the market and expects to be the fastest growing country during the review period due to its heavy deployment of CHP and supporting schemes such as ENE-FARM.
Competitive Outlook
Bloom Energy and SK Engineering and Construction have recently won a contract for supply SOFCs to an industrial complex in South Korea in 2020. The contract will be used in powering a microgrid to be used in supplying power to various industrial organizations.
Tables Of Contents
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Solid Oxide Fuel Cell Market, By Reactor Type
5 Global Solid Oxide Fuel Cell Market, By Strategy
6 Global Solid Oxide Fuel Cell Market, By Capacity
7 Regional Market Analysis
8 Competitive Analysis
9 List of Tables
10 List of Figures
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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:
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Market Overview
Smart Meters Market is projected to be worth USD 43.31 Billion by 2027, registering a CAGR of 8.93% during the forecast period (2021 - 2027), The market was valued at USD 21.25 billion in 2020.
The Smart Meters Market Report by Market Research Future (MRFR), states different factors that can impact the market across the assessment period, along with the impact of COVID-19 on it. The rise of the Smart Meters Market Size and change in the Smart Meters Market Share in different regions are expected are elaborated in the report.
The increase in popularity of smart meters due to the growing awareness about its high accuracy meter readings and real time results can underpin the expansion of the world market in the years to come. The high real-time results in smart meters that are used send messages in wireless connections and automatically to provider can impel the expansion of the market through the review period.
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Segmental Analysis
The segment study of the world smart meters market are application, type, and technology.
The type based segments of the smart meter market are electric meters, water meters, and gas meters. The electric meters segment can rise at a high pace across the evaluation period. The electric smart meter type segment can rise at 55.6% CAGR and the gas meter market segment can rise at 9.56% CAGR in the forecast period.
The technology based segments of the smart meter market are automatic meter reading (AMR) and advanced metering infrastructure (AMI). The AMI segment of the market is likely to rise at 9.77% CAGR in the forecast period due to high utility of new technologies.
The application based segments of the smart meter market are commercial, residential, and industrial. The residential segment can thrive at 9.81% CAGR in the review period as passenger transportation rise.
Detailed Regional Analysis
The smart meter market in the Asia Pacific region can rise at a high pace due to increase in smart cities projects across economically powerful regions APAC, such as Thailand and India. The high need for energy by the expanding population and enhancements in the way of living of people the region can promote the expansion of APAC smart meter market in the years ahead.
The surge in T&D and demand levels across the market can promote the growth of the market. The smart meter market in Asia Pacific 9.91% CAGR in the assessment period. In North America, the smart meter market is likely to rise at high pace as power transmission & distribution holds the key to smart grid technology consumers.
In Europe, the expansion of the smart meters market can underline the regional growth. The expansion of Europe smart meter market can be attributed to increase in the demand for electricity across major towns in the region. The escalation of population level and changes in lifestyle can push the growth of the regional market through the assessment period. The regional smart meters market can rise at 9.91% CAGR in forecast period.
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Key Players
The report mentions several forces that along with influence of COVID-19 pandemic on smart meters market across the globe. Business strategies of key players are elaborated in the report.
Tables Of Contents
1 Executive Summary
2 Introduction
2.1 Definition 15
2.2 Scope Of The Study 15
2.3 Assumptions 15
2.4 Market Structure 16
3 Research Methodology
3.1 Research Process 17
3.2 Primary Research 18
3.3 Secondary Research 18
3.4 Market Size Estimation 18
3.5 Forecast Model 20
Continued…
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List Of Tables
TABLE 1 MARKETSSS SYNOPSIS 14
TABLE 2 GLOBAL SMART METERS MARKET, BY TYPE, 2020-2027 (USD MILLION) 32
TABLE 3 GLOBAL SMART METERS MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 36
TABLE 4 GLOBAL SMART METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 39
TABLE 5 GLOBAL SMART METERS MARKET, BY REGION, 2020-2027 (USD MILLION) 43
TABLE 6 NORTH AMERICA: SMART METERS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 44
TABLE 7 NORTH AMERICA: SMART METERS MARKET, BY TYPE, 2020-2027 (USD MILLION) 45
TABLE 8 NORTH AMERICA: SMART METERS MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 46
TABLE 9 NORTH AMERICA: SMART METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 46
TABLE 10 U.S.: SMART METERS MARKET, BY TYPE, 2020-2027 (USD MILLION) 47
TABLE 11 U.S.: SMART METERS MARKET SIZE, BY TECHNOLOGY, 2020-2027 (USD MILLION) 48
TABLE 12 U.S.: SMART METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 48
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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:
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+1 628 258 0071(US)
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Global Smart Gas Meter Market - Overview
Smart Gas Meter Market size is projected to be worth USD 3.55 Billion by 2027, registering a CAGR of 5.24% during the forecast period (2021 - 2027), The market was valued at USD 2.12 billion in 2020.
Smart Gas Meters allow its end users to control gas usages displaying the accurate real time data and advanced data analytics of gas usages of each day. They automatically send the collected data to the supplier using wireless meter reading network allowing them to read meter remotely by wireless meter reading software or hand held unit thus saving time and energy for the users. The collected data also consist of the information on gas consumption, valve status, and battery status etc. Smart Gas Meter Market can close valve and stop gas supply on the command of close valve from the wireless software or hand held unit therefore eradicating chances of probable accidents in cases like gas leakages etc. Similarly, the open valve command will restart the gas supply. Owing to the numerous advantages such as energy efficient consumption control etc., Smart Gas Meters are increasingly replacing the traditional meters and its market is witnessing a significant growth in recent times.
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Factors driving the growth of the global Smart Gas Meter Market include; rising government initiatives and mandates to implement smart gas meters in households and commercial application in recent times by spreading awareness regarding smart and efficient usages of these meters. Major players such as Itron, Landis+Gyr, and Sensus are playing a significant role in the development of significant infrastructure required for the implementation of smart grids at ground level.
However, there is a problem of compatibility hindering the adoption of smart gas meters. Most of the smart gas meters are effectively made compatible with their suppliers only meaning these supposedly smart meters installed in the households are not adaptable to the other/ rival supplier’s connections. Switching suppliers would result in the meter being no longer “Smart”, but would revert to a dumb mode which is no different from the traditional meters of decades old. Advancement is technology is already underway eradicating this issue introducing a new centralized communications network.
Global Smart Gas Meter Market - Competitive Analysis
The global smart gas meter manufacturers appears to be highly competitive and diversified with the presence of many well established players having regional and global presence.Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the smart camera market.
Smart Gas Meter Global Market - Segments
For the convenience of the report and enhanced understanding; MRFR Analysis is been segmented in to 3 key dynamics;
Smart Gas Meter Global Market Size - Regional Analysis
Both North America and Europe are estimated to hold a dominating share within the smart gas meter market. U.S. is another major market for Smart Gas Meters. Government policy mandates and fiscal incentives have been the primary drivers for the demand for Smart Gas Meters. Also, the region is the hub of major manufacturers which has the positive influence on the growth of the market. During the forecast period Government policy mandates and fiscal incentives have been the primary drivers for the demand for Smart Gas Meters. European region is expected to have the fastest growth in next half a decade. However, Asia-Pacific region is also projected to register a considerably high growth rate during the forecast period. Increasing investments on account of government initiatives and roll-outs is expected to be a major driving factor for the growth of the European market.
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Tables Of Contents
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Smart Gas Meter Market, By Reactor Type
5 Global Smart Gas Meter Market, By Strategy
6 Global Smart Gas Meter Market, By Capacity
7 Regional Market Analysis
8 Competitive Analysis
9 List of Tables
10 List of Figures
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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The global ring main unit market is progressing rapidly. Ring main unit (RMU) is used in a secondary distribution system to obtain an uninterrupted power supply. The market growth primarily attributes to the increase in demand for electricity across the globe. Besides, the rising demand for energy fuels per year, increasing industrialization, and concerns related to energy distribution drive the growth of the market.
The growing globalization and rising economic growth escalate market growth. In its latest industry report, Market Research Future (MRFR) asserts that the global ring main unit market valuation is poised to reach USD 2.65 BN by 2023, growing at 8.4% CAGR during the assessment period (2017-2023). The oil & gas industry worldwide is witnessing rapid expansion.
Also, there is a constant increase in distribution utilities, distribution services, and transmission. These factors cumulatively influence market growth. Additionally, the rising demand for renewable energy fuel the sales of ring main units. On the other hand, the higher cost of ring main units than conventional switchgear is a major factor projected to impede the market growth.
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Nevertheless, heavy investments in the developments and integration of automated technologies would support market growth throughout the assessment period. Also, high expansion activities by well-established companies in grid upgrade activities and global energy demand would propel the market's growth. Additionally, continuous developments in ring main units substantiate the market growth, reducing costs, and enhancing efficiency & security in grids and distribution systems.
Global Ring Main Unit Market - Segments
The report is segmented into four dynamics;
Ring Main Unit Market - Regional Analysis
The Asia Pacific region dominates the global ring main unit market. The region is a key consumer of energy, which leads to substantiated exploration and production in the area. Besides, the largest market share attributes to rapid expansions in industrialization as well as the growing renewable sector in this region. Moreover, the augmenting demand for energy and increasing investment in power grids and distribution utilities boost market growth.
India and China account for major shares in the regional market due to the significant growth in the gas insulated and product segment. Also, continually increasing investments in the burgeoning oil & gas sector propel the regional market's growth. Furthermore, the rapid economic growth in the region and the demand for the advanced automation technology for distribution applications foster the market's growth.
Europe stands second in the global ring main unit market. The market is driven by the upgrading activities in existing grid and distribution infrastructures in the region. Additionally, the presence of major market players and well-developed grid infrastructures drives the regional market's growth. The increasing demand for fossil fuels substantiates the market growth in the region.
Most of the European countries have initiated transmission regulations towards the usage of robotics in oilfield applications, fostering the growth of the market. Furthermore, increasing R&D investments for the modifications in distribution utilities act as major tailwinds for the market's growth.
The North American ring main unit market is proliferating. The region is the major consumer of oil & gas and energy. Resultantly, factors such as the rising numbers of offshore drilling activities and huge advances in grid technologies in the region boost market growth. Moreover, the rising uptake of automation in oilfields and high investments in exploration & production (E&P) accelerate the market demand.
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Global Ring Main Unit Market - Competitive Analysis
Highly competitive, the ring main unit market appears fragmented due to the strong presence of industry players. To gain a larger competitive share, these players incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and product & technology launch. Players also focus on new product development and geographical expansion initiatives. They make substantial R&D investments to drive relentless innovations and new product developments.
Major Players:
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 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:
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+1 628 258 0071(US)
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Email: [email protected]
Website: https://www.marketresearchfuture.com
Global Produced Water Treatment Market - Overview
As published in the Market Research Future Report on Global Produced Water Treatment Market Research Report - Forecast to 2027, the sector is expected to earn an outstanding level of CAGR. Whenever oil and gas are pumped out, water is isolated and pumped back once again into the reservoir to maintain the right amount of pressure in the well. Sometimes water is also released into the ocean or sewerage. The produced water properties i.e. their physical and chemical properties are not consistent. The properties have found to differ with difference in factors such as geographical location, reservoir geology, water injection history, and hydrocarbon composition, which is why produced water has to be decontaminated before reuse or disposal.
Following the trends from the booming market for oil and gas, companies in this sector have spurred into action and are increasing their exploration or production levels. When oil or gas wells are made, water is also often discovered along with them as a byproduct to the process. The water that is thus discovered should be treated or re-injected back into the source from where it was discovered. This type of water that is discovered is called as produced water. The level of produced water tends to be higher in oil wells as compared to gas wells which produce the water in smaller proportion.
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The produced water treatment market globally is showing positive cues for growth. One of the primary factors is the increase in the exploration rate of on-shore and off-shore oil and gas resources. The frequency of extraction procedures have also been increased in terms of volume, with further growth in demand expected soon. The demand for the global produced water treatment market is thus directly proportional to the oil production levels. With the development of new technology, the constantly reducing supply of usable water in developing countries can increase the demand for better water treatment solutions. However, the market could find itself restrained by high costs for operation and installation along with the scalability level that can be expected out of water treatment processes in connection with rising oil production levels. The maintenance costs of large scale equipment can also cause impediments to the growth process.
Global Produced Water Treatment Market - Competitive Analysis
With the entry of new industry players in global produced water treatment market, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced technique types in the segment. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Effective planning is essential in terms of R&D which will enable to continue the upward growth trend.
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Some of the key players in the Produced Water Treatment market are Siemens AG, Aker Solutions, Alderley plc. Some of the other noteworthy market players are Schlumberger Limited, CETCO Energy Services.
Global Produced Water Treatment Market – Segments
The Produced Water Treatment market has been segmented into the following categories:
On The Basis Of Well Type: Land and Offshore.
On The Basis Of Treatment: Chemical, Physical and Membrane.
Global Produced Water Treatment Market – Regional Analysis
With the increase in the onshore and offshore exploration activities the North American region is expected to dominate the market for Produced Water Treatment. Asia-Pacific region is also expected to register high growth mainly due to the shortage of fresh water in these regions.
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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 Highlights
Global Portable Power Station Market is projected to be valued at USD 482 Million by 2026, with 7.60% CAGR during the forecast period, 2020–2026. Portable power stations are rechargeable battery-powered generators that are equipped with USB charging ports that can help to charge all the devices, including smartphones, tablets, laptops, electric blankets, and others.
The global portable power station market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. North America is expected to hold the largest share of the market during the forecast period. This is primarily due to the increasing focus of key players in the US on developing new battery power stations for various applications due to the increasing use of smart devices. In Asia-Pacific, China held the largest share of the regional market in 2018 due to the extensive use of portable power stations in the automotive sector and for smartphones. In Europe, Germany held the largest market share in 2018 and is expected to grow at the fastest rate during the forecast period, primarily due to the increase in the demand for solar installations. In the Middle East & Africa, the UAE is expected to be one of the leading markets for portable power stations. In South America, Brazil is expected to be leading the market due to the use of portable power stations majorly for emergency power supply and off-grid power applications.
Key Players
The key players operating in the global portable power station market are Lion Energy (US), Goal Zero (US), Suaoki (Japan), Jackery (US), Ecoflow (US), Duracell (US), Li Power (Shenzhen) Technology (China), ChargeTech (US), Midland (US), Drow Enterprise (China), Scott Electric (US), and Milwaukee Electric Tool (US).
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The global portable power station market has been segmented based on operation type, capacity type, application, and technology type. Based on operation type, the global market is divided into direct power and solar power. The direct power segment is expected to hold a larger share of the market due to less charging time as compared to the solar power operation type. Based on application, the global market is segmented into emergency power, off-grid power, and automotive. The off-grid segment is estimated to register the fastest growth rate during the forecast period due to the increasing demand for smart electronic devices such as laptops and smartphones. Countries such as Indonesia, Nigeria, South Africa, the US, and India are entering into agreements to use portable power stations for camping trips and power outages. Based on technology type, the global portable power station market has been divided into lithium-ion and sealed lead-acid. The lithium-ion segment is expected to hold a larger share within the global portable power station market. The capacity type segment is divided into less than 500 WH, 500 to 999 WH, 1000 WH to 1499 WH, and 1500 WH and above. 500 to 999 WH segment is expected to hold the largest share during the forecast period due to its application in various applications, including off-grid power.
Global Portable Power Station Market is expected to grow at 7.60% CAGR during the forecast period.
Scope of the Report
This report provides an in-depth analysis of the global portable power station market, 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 share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. 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 portable power station market by operation type, capacity type, technology type, application, and region.
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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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List Of Tables
Table 1 Global Portable Power Station Market, By Region, 2020–2026 (USD Million)
Table 2 North America Portable Power Station Market, By Country, 2020–2026 (USD Million)
Table 3 Europe Portable Power Station Market, By Country, 2020–2026 (USD Million)
Table 4 Asia-Pacific Portable Power Station Market, By Country, 2020–2026 (USD Million)
Table 5 Middle East & Africa Portable Power Station Market, By Country, 2020–2026 (USD Million)
Table 6 South America Portable Power Station Market, By Country, 2020–2026 (USD Million)
Table 7 Global Portable Power Station Market, By Operation Type, 2020–2026 (USD Million)
Table 8 North America Portable Power Station Market, By Operation Type, 2020–2026 (USD Million)
Table 9 Europe Portable Power Station Market, By Operation Type, 2020–2026 (USD Million)
Table 10 Asia-Pacific Portable Power Station Market, By Operation Type, 2020–2026 (USD Million)
Table 11 Middle East & Africa Portable Power Station Market, By Operation Type, 2020–2026 (USD Million)
Table 12 South America Portable Power Station Market, By Operation Type, 2020–2026 (USD Million)
Table 13 Global Portable Power Station Market, By Application, 2020–2026 (USD Million)
Continued…
List Of Tables
Table 1 Global Portable Power Station Market, By Region, 2020–2027 (USD Million)
Table 2 North America Portable Power Station Market, By Country, 2020–2027 (USD Million)
Table 3 Europe Portable Power Station Market, By Country, 2020–2027 (USD Million)
Table 4 Asia-Pacific Portable Power Station Market, By Country, 2020–2027 (USD Million)
Table 5 Middle East & Africa Portable Power Station Market, By Country, 2020–2027 (USD Million)
Table 6 South America Portable Power Station Market, By Country, 2020–2027 (USD Million)
Table 7 Global Portable Power Station Market, By Operation Type, 2020–2027 (USD Million)
Table 8 North America Portable Power Station Market, By Operation Type, 2020–2027 (USD Million)
Table 9 Europe Portable Power Station Market, By Operation Type, 2020–2027 (USD Million)
Table 10 Asia-Pacific Portable Power Station Market, By Operation Type, 2020–2027 (USD Million)
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 Overview
In its research report, Market Research Future (MRFR), emphasizes that the pad-mounted switchgear market is anticipated to grow exponentially, securing a substantial market valuation of USD 7.13 Billion by 2025, and a healthy 5.23% CAGR over the review period.
Drivers and Restraints
Growing advances in the transmission & distribution network and higher reliability of the underground distribution network are key factors driving the global pad-mounted switchgear market rise. Additionally, power network automation is also anticipated to push the use of Pad-Mounted Switchgear Market. In the Netherlands for example, the country's government is focusing on modernizing the distribution network to incorporate electric vehicle charging facilities throughout the country. Moreover, the Netherlands has a 100% underground electricity distribution network within the country. This will consequently would increase the demand for pad-mounted switchgear in the global pad-mounted switchgear market.
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Segmental Analysis
The Global Pad-Mounted Switchgear Market has been analyzed based on Voltage, Type, Application, and Standard.
Regional Analysis
The geographical overview of the global Pad-Mounted Switchgear Market Size has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.
In North America, the US is anticipated to be the largest market owing to the rising development in the transmission and distribution network. Additionally, the US is anticipated to grow at the highest growth during the review period. Such factors are predicted to fuel the growth of the pad-mounted switchgear market in North America during the review period.
In Asia-Pacific, China is anticipated to be the largest market owing to the rising demand for the automation of the power infrastructure and the increasing developments in the distribution sector in the country. Such factors are estimated to fuel the growth of the pad-mounted switchgear market in Asia-Pacific during the review period
Competitive Analysis
The major market players operating in the global pad-mounted switchgear market as identified by MRFR are
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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OCTG Market is projected to rise with CAGR of 7.09% through 2027.
Oil country tubular goods (OCTG) market are components used in the production of oil and gas from wells. Proper use of OTCGs may help to reduce the probability of mishaps, hazards, and risks that eventually reduce the cost of production of a company. OCTGs are tubular products used in the production and exploration activities on offshore and onshore reserves. OCTGs are a group of seamless rolled products consisting of drill pipes, casings, and tubing, which are subject to loading conditions in accordance with their particular applications. These products are some of the critical tools used in the oil and gas exploration process.
Market Research Future (MRFR) report on the global oil country tubular goods market is a detailed assessment that provides a holistic overview of the industry. The report examines the COVID-19 overview of the global Oil Country Tubular Goods Market and offers a detailed summary of market segments, recent developments, growth forecasts, and market challenges from 2018 to 2026 (forecast period) to identify business opportunities.
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Market Dynamics
Increased exploration & production (E&P) activities and increased production of sour crude are factors propelling the growth of the OCTG market. North America and the Middle East and Africa are the regions with the world's highest oil production. Moreover, the majority of the oil produced in these regions is sour crude. Oil production in these regions has increased steadily over the last few years due to the improvement of the global economy.
In addition, the sour crude prices are lower than the sweet crude prices due to the high refining costs of the latter. This is a crucial factor driving the increasing production of sour crude during the forecast period. As stated by the BP Statistical Review of World Energy in 2019, crude oil production in North America rose from 20,157 TBPD in 2017 to 22,587 TBPD in 2018. This figure is projected to increase further during the forecast period. In addition, the demand for diesel is increasing due to the rise in electricity generation and motor vehicle production. Sour crude is extremely corrosive, and high-quality OCTGs are used to mitigate the possibility of leakage into the surroundings. Owing to the highly corrosive nature, premium grade products that will be operable for a longer period in the oil well are mostly used to produce sour crude.
Market Segmentation
The global Oil Country Tubular Goods Market Size has been segmented based on the manufacturing process and grade.
Regional Analysis
Region-wise, the global oil country tubular goods market has been segmented into five major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
North America is projected to retain a large market share during the forecast period due to increased well-drilling, increased exploration, and production activities in the oil and gas industry, and increased sour crude production.
Key Players
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Tables Of Contents
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Oil Country Tubular Goods Market, By Reactor Type
5 Global Oil Country Tubular Goods Market, By Strategy
6 Global Oil Country Tubular Goods Market, By Capacity
7 Regional Market Analysis
8 Competitive Analysis
9 List of Tables
10 List of Figures
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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.
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 Scope
The off-grid solar market size is anticipated to grow at 12.50 % CAGR during the forecast period. It is expected to witness substantial growth during the forecast period owing to efforts to minimization of carbon footprint and low electricity costs. The transition towards clean energy is expected to drive the installation of solar panels and establishment of solar power plants. Efforts by governments to lower carbon dioxide levels as evident by the government of India encouraging solar systems for major businesses to lower the load on utilities can be a plus for the market.
Off-Grid Solar Market operate away from the grid but store solar energy inside batteries. The self-sustaining systems can allocate power to loads in case of an energy crunch. The global off-grid solar market report by Market Research Future (MRFR) underscores the various growth enablers, challenges, opportunities, and trends and other facets of the industry for the period of 2018 to 2023 (forecast period). The COVID-19 outbreak and its impact on the industry are explored in the report as well.
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Aversion to grid sourced power can drive the off-grid solar market growth. The establishment of special economic zones, subsidies for small and medium enterprises, and investment opportunities provided to large corporations can bode well for the market. A viable backup solution for regions with frequent power cuts can benefit from the installation of off-grid solar systems which store and distribute energy accordingly. The huge demand for renewable energy can work as force majeure for the market. This can be attributed to the large share of solar energy and installation of plants in remote regions. The access to reliable and sustainable energy as part of the Sustainable Development Goal (SDG7) by 2030 through various financing options can provide the market a boost till 2023.
But the high installation costs of off-grid solar systems can threaten its growth.
Segmentation
The global Off Grid Solar System Market has been segmented based on product and application.
Tables Of Contents
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Off-Grid Solar Market, By Reactor Type
5 Global Off-Grid Solar Market, By Strategy
6 Global Off-Grid Solar Market, By Capacity
7 Regional Market Analysis
8 Competitive Analysis
9 List of Tables
10 List of Figures
Regional Analysis
Asia Pacific is expected to be the fastest-growing market, by region, during the forecast period. This is due to the significant investments in solar power in China, Japan, India, and other Southeast Asian countries in the region. For instance, the various countries in the region are introducing extensive changes to their energy policies and shifting their dependence from fossil fuels to renewable fuels in order to reduce pollution and maintain ecological balance. The fall in solar PV panels and implementation of these systems in residential and industrial setups can drive the market growth exponentially.
Competitive Outlook
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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 Research Future
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Marine hybrid propulsion system market is expected to grow at USD 5.91 Billion, 9.26% CAGR during the forecast period.
The strict emission standards in the ocean are expected to spur the progress of the Marine Hybrid Propulsion System Market. The mounting ship owner predilection for high fuel-efficient benefits is projected to encourage the marine hybrid propulsion system market size.
Segmental Analysis
The segmental insight in the marine hybrid propulsion system market has been segmented on the basis of deadweight, type, application, ship type, and region. The type basis of segmenting the marine hybrid propulsion system market has been segmented into gas-electric, diesel-electric, and others. On the basis of the deadweight, the marine hybrid propulsion system market has been segmented into 5K-10K DWT, Less Than 5K DWT, and More Than 10K DWT. The segmentation based on the ship type, the marine hybrid propulsion system market has been segmented into platform supply vessel (PSV), yachts, motor ferry, cruise liner, small cargo ships, Anchor Handling Tug Supply (AHTS) vessel, naval ships, and submarines. The application basis of segmenting the marine hybrid propulsion system market is segmented into logistics, offshore drilling, commercial, naval, and others. By region, the marine hybrid propulsion system market consists of APAC, Europe, and North America, among other global regions.
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Detailed Regional Analysis
The regional review of the marine hybrid propulsion system market includes regions such as APAC, Europe, and North America, among other global regions. The expansion of the market is owed to the extensive strengthening in the use of a hybrid marine propulsion system in the recently built ships along with the augmentation in the overall marine activity. The development of the market is primarily accredited to the rigorous regulations for emissions at sea level, has advanced the marine hybrid propulsion system market in a range of nations, which is expected to carry on for the duration of the forecast years. Also, the European region is responsible for the most significant share of the marine hybrid propulsion system market in the year 2016, and the prominent shipbuilding countries have contributed, for the most part, to the market development. However, the Asia Pacific region is liable to become known as one of the well-known markets for this technology owing to the existing use of superior marine hybrid propulsion systems in the recently built ships.
Competitive Analysis
The enrichment of the sources of supply is allowing the market players to create products that can be successful in the market effectively. The collaboration of competitors in this market is expected to give way to new developments and novel product launches. The availability of favorable policies and regulations by trade bodies and governments is expected to hasten the development of the Hybrid Marine Propulsion System Market in the forecast period. The improved economic state of the companies is likely to lead to better research and development trials and activities in the impending period. The development of the market is contingent on the delicate balance of the forces of demand and supply. The consumers in the market are well aware of their requirements and how the market can meet them. The upgradation in production capacity is estimated to accelerate market expansion in the upcoming period further.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
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)
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Email: [email protected]
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