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Market Analysis
Modular Substation Market size is projected to be worth USD 26.85 Billion by 2027, registering a CAGR of 9.05% during the forecast period (2021 - 2027), The market was valued at USD 16.12 billion in 2020.
Various factors are propelling the Modular Substation Market. According to the recent MRFR report, such factors include the growing modernization of electric substations, growing industrialization, and urbanization, cost-effective & compact, ample commercial and technical benefits, ready to install, reduce spatial need, and growing power generation capacity plan worldwide. Additional factors adding market growth include the burgeoning need for refurbishing/replacing of aging substation infrastructure, increasing electricity demand in India & China, booming infrastructural and industrial development activities, lower installation time, space saving, and enhances aesthetics and safety.
However, a slow implementation of various electrification projects worldwide as well as soaring cost related to modular substation, and the on-going COVID-19 impact are factors that may impede the global modular substation market growth over the forecast period.
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Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global modular substation market based on application, insulation type, type, and voltage.
- By voltage, the global modular substation market is segmented into above 400kV, 33k-400kV, and 11kV-33kV. Of these, the 33kV-400kV segment will have a major share in the market over the forecast period.
- By types, the global modular substation market is segmented into fixed and skid/trailer mounted. Of these, the skid/trailer mounted segment will dominate the market over the forecast period.
- By insulation type, the global modular substation market is segmented into gas and air.
- By application, the global modular substation market is segmented into industrial, power utilities, and commercial. Of these, power utilities will lead the market over the forecast period.
Regional Analysis
Based on the region, the global Modular Substation Market Size report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa (MEA). Of these, the global modular substation market in the APAC region is predicted to spearhead the market over the forecast period. The presence of aging power infrastructure, growing industrialization and urbanization, rising demand for power solutions for investments in power generation capacity additions, and growing energy generation needs are adding to the global modular substation market growth in the region.
The global modular substation market in North America is predicted to have sound growth over the forecast period. The refurbishment of the existing power infrastructure is adding to the global modular substation market growth in the region.
The global modular substation market in Europe is predicted to have steady growth over the forecast period. Growing adoption of the modular substation, renovation and retrofitting of old technology, increasing investments in power utility, the launch of new products, more-intense competition, and rising expenditure on industrial fields are adding to the global modular substation market growth in the region.
The global modular substation market in the MEA is predicted to have healthy growth over the forecast period. Growing infrastructural developments is adding to the global modular substation market growth in the region.
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Key Players
Leading contenders profiled in the global modular substation market report include
- American Modular Power Solutions Inc. (US)
- Enerset Power Solutions (US)
- ModPower Solutions (Mexico)
- Skema S.P.A. (Italy)
- SPX Transformer Solutions Inc. (US)
- Bharat Heavy Electricals Limited (India)
- Crompton Greaves Ltd (India)
- General Electric (US)
- Siemens AG (Germany)
- Eaton Corporation Plc (Ireland)
- ABB Ltd. (Switzerland)
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:
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According to Market Research Future (MRFR), the global lighting contactor market is estimated to grow at 8.25% CAGR from 2018 to 2023 (forecast period). The study presents the strengths, opportunities, challenges, and future business risks and provides a systematic analysis of the global market climate with the effects of COVID-19.
The lighting contactor is electrically as well as the mechanically operated device used for switching an electrical power circuit. Lighting Contactor Market can be classified into three broad groups: type 2, type 3, and 4-pole lighting contactors rated at 2,250 amperes. These contactors control large blocks of load with low-voltage control for individual branch circuits or lighting control. It is also projected that there will be a substantial increase in the global lighting contactor market, primarily due to the developed economies.
Market Dynamics
Energy efficiency has been the key driver of the development of the global market for lighting contactors. In addition, governments across the globe are developing policies to promote the use of energy-efficient devices because of their advantages, including reduced energy usage and cost savings. According to the International Energy Efficiency (IEA), global energy demand increased by 1.9% in 2017, driven by strong economic growth, ultimately driving energy efficiency.
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The indoor segment is becoming increasingly popular with users as there is a growing need for proper lighting control systems in commercial, residential, and industrial applications. Outdoor installation is typically preferred in open areas primarily available in developing countries. The key benefit of the outdoor lighting contactor is its simple design and construction with a controller. Outdoor lighting contactors are relatively low-cost outdoor lighting solutions. The space restriction is a big drawback of the outdoor lighting contactor. In most developed economies, space can be a significant hindrance, forcing end-users to turn to indoor lighting.
The global market for lighting contactors is expected to develop at a high rate during the forecast period, mainly due to the increasing demand for energy efficiency and the adoption of IoT in the lighting control system. Governments around the world have created attractive incentives, rewarding the use of energy-efficient equipment that further drives the development of the global market for lighting contactors worldwide.
Market Segmentation
The Lighting Contactor Market Size has been segmented based on type, installation, and end-user.
- Based on the installation, the global lighting contactor market has been classified into indoor and outdoor. The indoor segment is leading the market and has the largest market share, mainly due to the increasing need for the proper lighting control system in commercial, residential, and industrial applications.
- Based on type, the global lighting contactor market has been segmented into electrically and mechanically held. The electrically held segment dominates the market as these contactors operate quietly and consume less energy.
- Based on end-user, the global lighting contactor market has been segmented into residential, industrial, commercial, and other segments. Commercial and industrial segments of the global lighting contactor market are estimated to register the highest market share during the forecast period.
Regional Analysis
The global lighting contactor market has been segmented into the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The European region had a target to save 20% of energy by 2020. North America is the second-largest market, with the lighting contactor system accounting for a significant share of the entire lighting control system, especially in the US. It has been projected that the Asia Pacific region will rise at the highest rate during the forecast period.
Key Players
- Siemens AG (Germany)
- Legrand (France)
- Rockwell Automation (US)
- ABB Ltd (Switzerland)
- Schneider Electric SE (France)
- Hager (Germany)
- Eaton (Ireland)
- Acuity (US)
- Sprecher Schuh (US)
- Federal Electric (US).
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
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…
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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
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According to Market Research Future (MRFR), the global hydraulic fracturing market is estimated to expand at a 14% CAGR from 2018 to 2023 (forecast period). The study addresses and examines the effect of the outbreak of COVID-19 on the global hydraulic fracturing market, including potential opportunities and challenges, drivers, and risks.
The energy sector has seen the transition from conventional crude oil and natural gas to shale oil & gas and gas hydrates. With the rising demand for fuel from growing nations, large-scale production of shale oil has begun globally. Most shale rocks are semi-permeable, and hence the oil produced is called tight oil. Conventional drilling techniques, as well as drilling fluids used for the production of normal crude oil or gas, are inefficient to extract oil from these rocks. Hydraulic fracturing technology benefits from rising shale production and increased demand for energy fuels. Fracturing helps to form cracks in tight rocks and thus to reach out to oil.
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Hydraulic fracturing is an advanced technology in which fluids are pumped into oil wells at an injection rate so high that the oil reservoir formation breaks down. Traditionally, the fluids injected into the reservoirs contain water, sand, and chemicals. With advances in technology, drilling companies have recently introduced hydraulic fracturing and horizontal drilling to allow several wells to be drilled from the same spot. In the current oil and gas production scenario, the hydraulic fracturing process is used globally to optimize the production of oil and gas from reservoirs. According to the United States of America Department of Energy, up to 95% of new wells currently being drilled or recently drilled are fractured hydraulically. This constitutes approximately 75% of the total production of natural gas and nearly 50% of the total production of crude oil from the U.S.
Market Dynamics
Driving factors for the hydraulic fracturing market include increased oil & gas shale revolution, increased demand for oil & gas, and increasing concern for the depletion of natural resources. Until 2015, only four countries were commercially developing shale oil and gas, including the United States, China, Canada, and Argentina. Other nations, such as Algeria, Mexico, Russia, Australia, and Colombia, have also begun to engage in shale production with the rising shale revolution. This has positively influenced the demand for hydraulic fracturing. In addition, numerous oil fields are being depleted since they have been producing for more than 100 years. For example, the Permian Basin of the U.S. and Safaniya oil fields in the Persian Gulf have been extracting oil since the beginning of the 20th century. They've reached their peak life, and they're depleting at a quick pace. Hydraulic fracturing allows the flow rate of the damaged oil fields to be increased.
However, the damage caused by the technological process of hydraulic fracturing causes the market to be restricted.
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The hydraulic fracturing industry is expected to have a significant number of advances over the forecast period due to continuous improvements in the end-use industry coupled with rising demand for exploration and production expenditures in the oil industry. The market is also expected to have a high degree of expansion by multinationals and well-established firms.
The global market for hydraulic fracturing is expected to grow at a phenomenal pace during the forecast period due to a rise in the shale oil & gas revolution, growing demand for oil, and increasing concern for the depletion of natural resources.
Market Segmentation
The global hydraulic fracturing market has been segmented into well type, technology, and application.
- By technology, the global hydraulic fracturing market has been segmented into plug-and-perforation, sliding sleeve, and others. Amongst these, the plug-and- perforation segment leads the global market due to the advantage of having a substantial number of individually fractured stages in the wellbore.
- By well type, the global hydraulic fracturing market has been segmented into horizontal and vertical. The horizontal hydraulic fracture technology is significant in the market, owing to its advantage of fracturing multiple oil wells from the same point.
- By application, the global hydraulic fracturing market has been segmented into crude oil, shale gas, tight oil, and others. The tight oil segment dominates the global market with increasing demand for oil from non-conventional sources, and shale rocks have low permeability.
Regional Analysis
Region-wise, the global hydraulic fracturing market has been segmented into North America, Europe, Asia Pacific, and the Middle East & Africa.
North America is projected to dominate the market share of the hydraulic fracturing market as a result of an annual rise in the production of shale oil and gas from the United States and Canada. According to the U.S. EIA, in 2017, the total tight oil output in the U.S. amounted to around 4.67 million barrels per day, accounting for up to 50% of the country's total crude oil production.
Key Players
- Baker Hughes GE (U.S.)
- Schlumberger (U.S.)
- Halliburton (U.S.)
- National Oilwell Varco Inc. (U.S.)
- Nuverra (U.S.)
- Patterson-UTI Energy (U.S.)
- FracChem LLC. (U.S.)
- U.S. Silica Holdings (U.S.)
- FTS International (U.S.)
- US Well Services (U.S.)
- TechnipFMC (UK)
- Franklin Well Service LLC (U.S.)
- EOG Resources (U.S.).
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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 Type Of Buyers
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 Analysis
The industrial air compressor market will grow at a healthy 5.63% CAGR between the forecast period 2017- 2023, states the recent Market Research Future (MRFR) analysis.
An air compressor market, simply put, is a device which converts power by using electric motors, gasoline or diesel engine and others into potential energy that is stored as pressurized air. Various factors are propelling the industrial air compressor industry growth. According to the recent MRFR report, such factors include ease of maintenance and energy efficiency, increasing industrialization, growing demand for energy-efficient compressors, rising energy consumption, expanding liquefaction facilities, advancements in compressor technology, focus on energy savings, growing investments to improve cross-border oil and gas transportation network, demand for processed food, need for an efficient and advanced air compressor, and growth of various industries such as food and beverage, pulp and paper, power generation, manufacturing, pharmaceuticals, chemicals and petrochemicals.
On the contrary, high maintenance cost, availability of rental services, strict government legislation related to greenhouse gas emissions and noise pollution, and the current COVID-19 pandemic are factors that may impede the global air compressor market growth over the forecast period.
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global industrial air compressor market based on end use, pressure, seal, and type.
- By type, the industrial air compressor market is segmented into positive displacement and dynamic displacement. Of these, the positive displacement segment will lead the market over the forecast period for the rise in demand for high output pressure compressors.
- By seal, the global industrial air compressor market is segmented into oil-free and oil-lubricated. Of these, the oil-free segment will dominate the market over the forecast period as these compressors are cost-effective, lightweight, and produce maximum pressure and air flow.
- By pressure, the global industrial air compressor market is segmented into above 100 bar, 20-100, and up to 20 bar. Of these, the up to 20 bar segment will spearhead the market over the forecast period.
- By end use, the global industrial air compressor market is segmented into manufacturing, chemicals and petrochemicals, oil and gas, & others. Among these, the oil & gas segment will stay at the forefront in the market over the forecast period for growing investments in the construction of gas liquefaction.
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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
Continued…
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List Of Tables
Table 1 Global Industrial Air Compressor Market, By Region, 2016-2023 (USD Million)
Table 2 North America Industrial Air Compressor Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Industrial Air Compressor Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Industrial Air Compressor Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Industrial Air Compressor Market, By Country, 2016-2023 (USD Million)
Table 6 South America Industrial Air Compressor Market, By Country, 2016-2023 (USD Million)
Table 7 Global Industrial Air Compressor Market, By Type, 2016-2023 (USD Million)
Table 8 North America Industrial Air Compressor Market, By Type, 2016-2023 (USD Million)
Table 9 Europe Industrial Air Compressor Market, By Type, 2016-2023 (USD Million)
Table 10 Asia-Pacific Industrial Air Compressor Market, By Type, 2016-2023 (USD Million)
Regional Analysis
By region, the industrial air compressor market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), South America, and the Middle East and Africa (MEA). Of these, the APAC region will lead the market over the forecast period. Rising industrialization, expansion of liquefaction and re-gasification plants, expansion of re-gasification facilities, positive displacement, booming pharmaceuticals, food and beverage, and power generation sectors, and proactive & new policy reforms to support the manufacturing sector in China and India are adding to the global industrial air compressor market growth in the region.
In North America, the industrial air compressor market is predicted to have healthy growth over the forecast period and in Europe is predicted to have sound growth over the forecast period.
In South America and the MEA, the industrial air compressor market is predicted to have steady growth during the forecast period for the huge number of reservoirs coupled with the growing demand for air compressors in different manufacturing industries.
Key Players
- Mitsubishi Heavy Industries Ltd. (Japan)
- Howden Group Ltd. (UK)
- Kobe Steel Ltd. (Japan)
- Sulzer AG (Switzerland)
- Kirloskar Pneumatics Co. Ltd. (India)
- Elloitt Group Ltd. (US)
- Gardner Denver (US)
- Sullair LLC (US)
- Hitachi Ltd (Japan)
- GE Oil & Gas (US)
- Ingersoll-Rand plc (Ireland)
- Danfoss (Denmark)
- Atlas Copco (Sweden).
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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
Global Grid-Scale Battery Market Report
Grid scale battery market is projected to have significant growth by 2023 with a CAGR of more than 32% during the forecast period.
Market Overview
The growing demands for energy-efficient equipment and energy storage have boosted the grid-scale battery market. It is primarily used for electricity storage on large scales. As the environmental concerns increase, the investments in power generation from renewable resources are increasing, which has increased the demand for better storage alternatives. Hence, the demand for grid scales battery is increasing and will register impressive growths in the future.
The companies are working towards improving their production and supply chains to meet the increasing demands, which has resulted in a decrease in overall costs, resulting in increased adoption. The companies are investing in research & development programs to increase the reliability of large batteries, which has resulted in the introduction of enhanced batteries with improved features like enhanced safety and others. Another factor contributing to this market is the rise in population and energy demands, influencing the global market.
Apart from the uses and enhanced features, the global grid-scale battery market struggles against the requirement of high investments, degraded life cycles and several adverse environmental concerns, which has hindered the global market structure. This report will shed light on the competition, opportunities, drivers & restraints, and other factors affecting the local and global grid-scale battery market.
Major Players
LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), GS Yuasa (Japan), BYD Company (China), S&C Electric (US), ABB (Switzerland), GE (US), Toshiba (Japan), Saft (France), and NGK Insulators (Japan).
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Market division
The global grid-scale battery market is segmented into classes as follows:
- The global grid-scale battery market is segmented into flow batteries. Lithium-ion batteries, sodium-based batteries, and others based on types of batteries.
- The global grid-scale battery market is segmented into energy capacity and power capacity based on power generation.
- Based on uses, the global grid-scale battery market is segmented into load shifting, peak shaving, and others.
Regional Classification
Grid-scale battery has gained global adoption due to the rapid acceptance of plastics and global expansion of the packaging and food & beverage industry. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global grid-scale battery market. The North American region is leading the market due to rapidly expanding renewable power generation activities, increasing research & development activities, vast population, rising awareness, and other factors. On the other hand, the Asia Pacific region will register the fastest growth due to surging power demands, increase in renewable power generation facilities, increasing awareness, vast population covers, growing government initiatives & investments for establishing renewable power generation facilities and other factors, with china as the major stakeholder.
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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
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…
List Of Tables
Table 1 Global Grid Scale Battery Market: By Region, 2020-2027
Table 2 North America Grid Scale Battery Market: By Country, 2020-2027
Table 3 Europe Grid Scale Battery Market: By Country, 2020-2027
Table 4 Asia-Pacific Grid Scale Battery Market: By Country, 2020-2027
Table 5 RoW Grid Scale Battery Market: By Country, 2020-2027
Table 6 Global Grid Scale Battery Market By Applications Market: By Regions, 2020-2027
Table 7 North America Grid Scale Battery Market By Applications: By Country, 2020-2027
Table 8 Europe Grid Scale Battery Market By Applications: By Country, 2020-2027
Table 9 Asia-Pacific Grid Scale Battery Market By Applications: By Country, 2020-2027
Table 10 RoW Grid Scale Battery Market By Applications: By Country, 2020-2027
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 Highlights
High speed motor market was valued at 11,658.4 with CAGR of 4.25 from 2017 to 2023.
The global High-speed motor market is expected to experience immense opportunities over the forecast period with the use of variable frequency drive. The motor system are responsible for more than 65% of energy consumption. To minimize power consumption, the motor control system must be installed with variable frequency drives, which reduces the energy consumption. The High-speed motor with variable frequency drive will result in lower energy consumption. Many manufacturers are adopting the use of variable frequency drive to optimize the cost of production. If the variable frequency drive is not installed with High-speed motor, then the speed control is quite difficult. To optimize the cost and control the speed of motor, High-speed motor with VFDs is expected to boost the market in future.
Market Research Analysis
Based on types of product, the market has been segmented as induction motor, permanent magnet motor and others. Amongst this, the induction motor segment is expected to dominate the growth of the market. The induction motor has two parts namely, a stator and a rotor. The rotor produces the final torque or output of the machine and the stator has electrical windings, which have an alternating current (AC) supplied to it. The high-speed induction motors are used extensively for applications that require the utilization of grinding and milling machines. One of the major concerns is the efficiency of high-speed induction motors. The efficiency of low-speed electric motors is generally higher. Therefore, making a more efficient high-speed motor is necessary to compete in the market.
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By application, the market has been segmented as machine tools, power generation, compressor, bearings and other. The power generation segment is expected to dominate the market. The induction generators use the principles of induction motors for producing power. These generators function by turning their rotors faster than synchronous speed. Asynchronous motor is also being used as a generator, without any internal modifications. Induction generators can recover energy with relatively simple controls and are therefore useful in applications such as mini-hydropower plants, wind turbines, or in reducing high-pressure gas streams to lower pressure.
Scope of the Report
This study provides an overview of the High-Speed Motor Market Size, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). 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 global High-speed motor market by product, power range, application and regions.
By Product
- Induction Motor
- Permanent Magnet Motor
- Others
By Power Range
- High Voltage
- Low Voltage
By Application
- Machine Tools
- Power Generation
- Compressor
- Bearings
- Other
By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
Key Players
- LTI motion (Germany)
- Turbo power systems (U.K.)
- Regal Beloit (U.S.)
- SKF magnetic mechatronics (Sweden)
- Danfoss Turbocor Compressors Inc. (U.S.). Fuji Electric Co. Ltd. (Japan)
- Synchrony (U.S.)
- Toshiba Corporation (Japan)
- Nidec Motor Corporation (U.S.) and Meidensha Corporation (Japan)
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Table Of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 List Of Assumptions 17
2.4 Market Structure 17
2.5 Key Takeaways 18
2.6 Key Buying Criteria 18
3 Research Methodology
3.1 Research Process 20
3.2 Primary Research 20
3.3 Secondary Research 20
3.4 Market Size Estimation 20
3.5 Forecast Model 22
Continued…
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Market Research Future published a half-cooked research report on global Gear Motors market. The Gear Motors market is expected to expand at ~ 5.80% CAGR during the period 2018 to 2023.
Market Highlights
Gear Motor Market is a motor assembled with a set of speed gears. An electric motor and reduction gear are integrated into a single unit, which further can be collectively installed with motor shaft better compactness. These kinds of motors can be operated in various directions such as horizontal, vertical, or tilted position. Larger torque can be achieved by using a higher gear ratio. These motors also comprise of mechanical gears to control the speed of the motor depending upon the type of application and requirements.
Based on industry, the market is segmented as Material Handing, Food & Beverage, Metals & Mining, Automotive, Power Generation (Excluding Wind Power), Marine, Wind Power, Cement & Aggregates, Construction, Chemicals, Rubber, and Plastics, and Others. The wind power and material handling are two most dominating segments within gear motor market. The growth in wind power segment is driven by increasing investment in wind power installations in Asia-Pacific, North America, and Europe.
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Market Research Analysis
Asia-Pacific is estimated to dominate the market for Gear Motors
Region wise, Asia-Pacific held the largest market share of the global gear motors market in 2017. The countries contributing to the largest market share of the region include India, and China, among major Southeast Asian countries. Moreover, India and China are also expected to be the fastest growing countries due to development of existing infrastructure.
GLOBAL GEAR MOTORS MARKET 2018-2023
Scope of the Report
This report provides an in-depth analysis of the global Gear Reduction Motor Market, tracking five 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 Gear Motors market by its gear type, product type, rated power (kW), Torque (Nm), industry, and region.
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By Gear Type- Planetary Gear Motors
- Helical Gear Motors
- Helical-Bevel Gear Motors
- Worm Gear Motors
- Other Motors
- Gearbox
- Integrated Gear Motor Unit
- Up to 7.5 kW
- 5 to 75 kW
- Above 75 kW
- Up to 10,000 Nm
- Above 10,000 Nm
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Key Players
- Eaton Corporation PLC.
- Siemens AG
- Baldor Electric Company
- Sew-Eurodrive GmbH & Co. Kg
- Winergy
- Watt Drive Antriebstechnik GmbH
- Bauer Gear Motor GmbH
- Sumitomo Heavy Industries Ltd
- Johnson Electric Holdings Limited
- Emerson Electric Co
- Elecon Engineering Company Ltd
- China High Speed Transmission Equipment Group Co. Ltd
- Brevini Power Transmission S.P.A.
- Bonfiglioli Riduttori S.P.A
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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 Overview
Market Research Future (MRFR)’s latest study indicates that the ductless HVAC system market 2021 can progress at an approx. rate of 9.45% between 2018 and 2024 (appraisal period). We will provide covid-19 impact analysis with the report. The COVID-19 impact on the ductless HVAC system market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.
COVID-19 Analysis
The impact analysis on COVID-19 by MRFR suggests that the energy and power sector can be massively affected by the falling demand coupled with the crashing prices of power around the world. Considering the long-term impact of COVID-19, a majority of the renowned vendors are currently trying to bring down the costs of protecting their assets, and are also putting in efforts to ensure uninterrupted operations to control the revenue loss. While various countries are striving to find a COVID-19 breakthrough, the lockdown situation has managed to restrain the movement of materials across energy and power plants. The short term impact has resulted in a considerable downfall in the investment capacity along with a drop in power prices in the face of political turbulence, confirms the COVID-19 analysis by MRFR.
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Primary Drivers and Key Barriers
Despite the deep impact of the SARS-CoV-2 outbreak, the ductless HVAC system market is expected to perform well during the appraisal period. The market size continues to expand in view of the fact that consumers are more aware of the ductless HVAC systems’ benefits, such as easy to install and consumption of low energy, as they do not require duct for the cooling process. The high traction of the market has been as a result of their features like variable fan speeds, multiple heating and cooling stages. The surging environmental temperature along with the increase in disposable income of people in developing regions also drives the sale of ductless HVAC systems.
The market also benefit from the increase in government incentives in the form of tax credit programs, the rising trend of smart homes and the mounting demand for energy-efficient solutions. On account of the surging temperature and the fluctuating climatic conditions worldwide, customers are now opting for ductless HVAC systems, considering these as a long-term investment. In addition to this, the growing preference for comfort among consumers also leads to higher growth of the ductless HVAC systems market.
Latest technologies such as remote control access with Internet of Things (IoT) and automated control systems have disrupted the ductless HVAC system industry to a large extent. IoT-based ductless HVAC system works using the internet and provides real-time information to the users and manufacturers about the condition of the systems, helping in detecting any issues and also cut down the maintenance costs.
Market Segmentation
The ductless HVAC system market has been considered for equipment type, implementation type, as well as application.
The equipment types considered in the market study are heating, ventilation and cooling. The heating equipment generates the highest demand in the market, as the equipment heats the buildings to a certain temperature. A common practice in colder areas that observe frequent climate change, the demand for heating equipment is quite high here. Also, the soaring demand for renewable energy sources along with the solid backing from governments in the form of subsidiaries also induces growth of the heating equipment market.
The implementation types include retrofit as well as new construction.
The application-dependent market categories include commercial, residential and industrial. Ductless HVAC systems find extensive deployment in residential buildings for heating and cooling the air inside. Since these systems utilize lower energy compared to ducted ones and are easy to install, their demand in residential buildings has surged tremendously over the years. As a result, the ductless HVAC system market is anticipated to note the strongest growth in the residential building section in the following years.
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Regional Insight
The main markets for ductless HVAC system identified in the report are Asia Pacific (APAC), North America, Europe and the Rest of the World (RoW).
APAC is the most profitable market for ductless HVAC systems and can maintain its position throughout the evaluation period. Rapidly emerging countries with their thriving construction sectors and expanding population, steady economic growth and rapid urbanization are instrumental in the market growth across the region. Mini split ductless HVAC systems have become quite popular across India and China, with a majority of the demand generated from the residential sector. Surge in collaborations among market experts and regulatory bodies to promote star-labeled HVAC units combined with the rising number of government initiatives in favor of high quality energy-efficient units in old as well as new buildings can also boost the profits of the regional market in the ensuing period.
Europe, representing the developed portion of the world, has clinched a substantial share in the overall market. The key growth-boosters in the market are the existence of a well-developed real estate and tourism sectors. The robust growth of commercial ductless HVAC units, government imposing stringent norms and policies, rise in construction activities, and a flourishing industrial base has laid down a solid groundwork for the business in Europe.
Top Participants
Top participants in the market are LG Electronics, Daikin Industries Ltd., Johnson Controls, Hitachi, Ltd., Trane, Samsung Electronics Co. Ltd., Electrolux, United Technologies Corporation, Whirlpool Corporation, Mitsubishi Electric Corporation, to mention a few.
Recent News
1 June 2020
Ductless ACTwinCities.com has launched its new website for the promotions of ductless air conditioning in Saint Paul and Minneapolis. Keeping in mind the oncoming summer, the new website will guide local residents in buying efficient ACs for their homes.
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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 Scenario
According to Market Research Future (MRFR), in its latest “Distribution Automation Market” reports discusses factors that can impact the distribution automation industry. As per MRFR, The rise in distribution automation market size can be attribute to the high utility of the product in different industries.
Distribution Automation Market size is projected to reach USD 19.24 Billion by 2027, with 7.14% CAGR between 2020 and 2027.
The distribution automation solutions comprises hardware and software devices that can utilize analyze, collect, automate, and optimize data, which can improve the operational efficiency of distribution automation system. This can prompt the expansion of the distribution automation solutions market growth.
The rise in the adoption of processors, sensors, information & communication network, and devices can prompt the expansion of the market. The growing need to provide proper supervision, control, and monitoring of electrical loads on power distribution systems can underpin the expansion of the distribution automation market. The rise of critical functions of distribution automation due to high demand for optimization, asset optimization, distribution control analysis, and distribution optimization can be given credit for the exponential growth of the distribution automation market.
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Segmental Analysis
The distribution automation global market study is based on utility, component, and type.
The component-based segments of the distribution automation global market are software & services, field devices, and communication technology. The field device segment is likely to secure the grand share of the world distribution automation market. The uniform distribution of these devices within the distribution network can ensure the timely transmission of data and prompt system integrity. The utility type based segments of the distribution automation global market are private and public. The public segment is likely to rise with the highest CAGR through 2019 to 2025 as government utilities of distribution automation and rise in grants by the government can spur the expansion of the market.
Detailed Regional Study
North America Distribution Automation Market Size can rise across the forecast period due to rise in need for upgradation of existing distribution infrastructure and rise in renewable power generation can underpin the expansion of the market in North America.
The rise in unconventional resources from Canada and the US can cause North America to dominate the world distribution automation. The growing tangibility of smart grid market can impel the expansion of the market. The rise of distribution automation smart-grid technology in the US electricity industry can generate about USD 46 Bn revenue across 2019 and 2030. The hefty investment made in smart grid technology can drive the distribution automation market in the region. In Asia Pacific, factors that can surge the distribution automation market are modification in aging power distribution infrastructure, increased generation of renewable power, rise in energy efficiency solution requirements, immediate fault detection feature, and high demand for electricity can cause APAC distribution automation market to prompt in the forecast period.
Key Players
MRFR sorted some reputed players in the global distribution automation market based on origin, regional branches, industrial expertise, key innovations, and financial status.
- Siemens (Germany)
- ABB (Switzerland)
- Xylem (Sensus) (US)
- Eaton (Ireland)
- S&C Electric (US)
- Schneider Electric (France)
- G&W Electric (US)
- Schweitzer Engineering Laboratories (US)
- Cisco (US)
- GE (US)
- Landis+Gyr (Switzerland)
- Power System Engineering (US)
- Trilliant Holdings Inc. (US).
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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Market Highlights
Distribution Feeder Automation Systems Market size is projected to reach USD 5.21 Billion by 2025, with 7.01% CAGR between 2019 and 2025.
Distribution feeder automation systems integrate automation in distribution feeder systems which enhances the functioning of such systems used by utilities. The distribution feeder automation systems provide real-time data for continuous monitoring, which allows operators to enhance service quality and reduce downtimes.
Global Distribution Feeder Automation Systems Market, 2019–2025
In 2018, North America dominated the global distribution feeder automation systems market in terms of share: MRFR
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The global market is segmented as Asia-Pacific, Middle East & Africa, Europe, North America, and South America. North America is poised to hold the largest market share in the global distribution feeder automation systems market during the forecast period. Automation integration in North America is growing at a tremendous pace, as it increases the reliability and performance of the utility. Further, the increasing installations of renewable energy sources for power generation is also expected to drive the installation of distribution feeder automation systems during the forecast period. The US market held the largest market share in North America in 2018 and is poised to witness the highest CAGR during the forecast period primarily due to the increasing adoption of automation systems in the country.
In Europe, the UK is expected to grow with the fastest rate during the forecast period due to increasing adoption of automation systems in the country. Further, Russia held the largest market share of the market in 2018, due to the extensive network of utility in the country and the increasing adoption of renewable energy sources. In Asia-Pacific, China held the largest market share in 2018 due to the increasing demand for electricity. While, India is expected to grow at the fastest rate during the forecast period due to the increasing industrialization in the country, leading to the higher adoption of automation systems. In the Middle East & Africa, Saudi Arabia held the largest market share in 2018 and is expected to grow with the highest growth rate during the forecast period primarily due to the increasing adoption of renewable energy sources, which increase the demand for automation in utilities. In South America, Brazil held the largest market share in 2018 due to the extensive network of utilities in the country. However, Argentina is expected to grow at the fastest rate in the region during the forecast period primarily due to the growing integration of automation in the utility sector in the country.
The global market for distribution feeder automation systems has been segmented based on product and application. By product, the global market includes hardware, software, and services. The software segment is expected to hold a larger share and grow at the fastest rate during the forecast period. By application, the global market is segmented into residential, commercial, and industrial. The industrial segment is expected to grow with the highest CAGR during the forecast period as industrialization is growing at a tremendous rate, primarily in developing countries.
The Global Market for Distribution Feeder Automation Systems is expected to grow at 7.01% CAGR during the forecast period.
Drivers
Scope of the Report
This report provides an in-depth analysis of the global distribution feeder automation systems market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and shares 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 distribution feeder automation systems market by product, application, and region.
- Product
- Hardware
- Software
- Services
- Application
- Residential
- Commercial
- Industrial
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
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Key Players
The Key Players operating in the Global Distribution Feeder Automation Systems Market are G&W Electric (US), ABB (Switzerland), Cisco (US), Schneider Electric (France), General Electric (US), Schweitzer Engineering Laboratories Inc (US), Crompton Greaves Ltd (India), Advanced Control Systems Inc (US), Moxa Inc (Taiwan), Eaton (Ireland), and Siemens (Germany),.
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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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