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Market Scope
Submarine power cable market 2020 can expect to advance at a rate of 11.06% between 2016 and 2025 (assessment period), confirms Market Research Future (MRFR).
Top Boosters and Key Challenges
The Submarine Power Cable Market can maintain decent growth in the following years, since the demand in the offshore wind power sector and in island and inter-country power connections is intensifying with each passing year.
The increasingly broadening offshore oil and gas platforms combined with the increasing use of offshore wind farms also benefit the submarine power cable market. High funding from private companies as well as the government along with the surge in strict regulations facilitating an energy efficient environment can lead to industry growth. The growing inter country transmission network that supplies power underwater also paves way for a favorable market scenario.
Rampant peak load demand around the world gives way to mounting concerns with regard to security of supply and grid stability. Consistent fund flow going into the development of a sustainable electrical network and infrastructure in conjunction with the supportive reforms for integration of grids with renewable systems can complement the global market in the near future. Escalating demand for high-capacity communication systems among over the top or OTT vendors can be attractive opportunities in the submarine communication cable market.
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Market Segmentation
- The submarine power cable industry has been considered for type, insulation type, voltage, conductor material and end use.
- The types of submarine power cable are single core as well as multi-core.
- The insulation types covered are ethylene propylene rubber (EPR) and cross-linked polyethylene (XLPE).
Voltage ranges outlined in the study are up to 66 KV, 66 KV –220 KV, and above 220 KB.
- The conductor materials include aluminum as well as copper.
- The segments, depending on end use, comprise offshore oil & gas, offshore wind power generation, wave and tidal power generation and island connection.
Regional Outlook
The main markets for Submarine Power Cable Market Size are the Middle East & Africa, South America Asia Pacific or APAC, North America and Europe.
There is a high chance of Europe taking over the lead in the global market, on account of the widespread demand for continuous power supply, soaring number of offshore wind farms, and the widespread demand in the oil and gas sector.
In APAC, the constantly rising demand for electricity and the rapid surge in offshore exploration and production of gas and oil fuel the growth of the submarine power cables industry. A number of companies in the energy and power sector are focused on boosting oil and gas production and drilling, which pushes the demand for submarine power cables. In 2019, the Ministry of Energy and Minerals in Indonesia permitted the development scheme for the offshore Mako Gas field in the country. Increasing internet use and the consequent hike in the demand for higher bandwidth inspires the market growth for submarine power cables in the region.
The market growth in North America can be largely attributed to the heavy investments by OTT companies like Facebook, Google, Amazon and Microsoft in the use of high-capacity communication systems. The market growth is also the result of the heightened demand for higher bandwidth and the intense efforts given by the OTT players to cater to the surging demand for more advanced submarine systems. More and more content providers in the region are moving from capacity purchasers to the cable providers to meet with the needs of complex infrastructures.
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Prominent Contenders
- Hengtong Group Co. Ltd. (China)
- LS Cable & System Ltd. (South Korea)
- Qingdao Hanhe Cable Co. Ltd. (China)
- Nexans (France)
- Prysmian Group (Italy)
- ZTT (China)
- Furukawa electric co.ltd. (Japan)
- NKT A/S (Denmark)
- Sumitomo Electric Industries Ltd. (Japan)
Tables Of Contents
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Submarine Power Cable Market, By Reactor Type
5 Global Submarine Power Cable Market, By Strategy
6 Global Submarine Power Cable 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:
+1 628 258 0071(US)
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Solar Street Lighting Market is projected to be worth USD 48.31 Billion by 2027, registering a CAGR of 21.93% during the forecast period (2021 - 2027), The market was valued at USD 12.15 billion in 2020.
Street lighting is the main component of urban and rural infrastructure. Lighting helps to create a safe environment for both pedestrians and drivers. Many streetlights worldwide are now being updated to LED lighting, which uses less energy and is more efficient than conventional sodium lamps, significantly reducing the cost of Solar Street Lighting Market. Solar power is gradually being used for street lighting around the world. Long-term power savings, the protection of valuable natural resources, and the reduction of the need for additional power generation contribute to the rapid adoption of solar street lighting around the world. Solar street lights are capable of providing efficient, high-quality lighting both in developing and developed countries, thereby minimizing light poverty and the economic and environmental costs of outdoor electric lighting. Rapid technical innovation and drastic price reductions in the LEDs, PV modules, and battery components that have occurred in recent years will boost the penetration of solar street lights around the world.
Market Dynamics
Solar power is gaining popularity as a reliable source of street lighting all over the world. Some of the advantages of solar street lighting include decreased reliance on conventional energy, energy efficiency, and less reliance on the national grid. In warm countries with ample sunlight, solar lights are the perfect way to illuminate the streets, gardens, parks, and other public spaces. Concerns about the fossil fuel deficit are rising. As a result, rising oil prices, global warming, environment and ecosystem damage, promising incentives to develop high-efficiency, and low-emission alternative energy options are of great importance. Among renewable energy resources, the impact of photovoltaic energy (PV) can be considered the most important and prerequisite sustainable resource due to the abundance and sustainability of solar radiant energy.
The rising demand for clean and renewable energy, ease of installation, and low maintenance costs during operation are critical drivers for the growth of the solar street lighting market. Solar energy plays a vital role in reducing environmental pollution and has a strong prospect of application. Solar resources are limitless, and the government is trying to use solar panels as an energy source in rural and sub-urban areas for street lighting, but the battery used to store electricity is affected by overcharging and discharges.
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The key driver of the global market for solar street lighting is the growing assertion of the adverse effects of traditional sources of energy from conventional fuel types and the degrading levels of fossil fuels in natural reservoirs worldwide. As a result, governments around the world are encouraging and facilitating the production and usage of electricity by renewable energy sources. In areas where grid electricity cannot be supplied, off-grid energy has played a significant role, driving the demand for solar street lighting to growth.
As many developed economies have already experienced a massive deployment of solar lighting and have achieved a significant position in the global market, emerging economies such as the Asia Pacific are expected to present lucrative growth opportunities for manufacturers with increasing demand for solar street lighting.
The industry has been developing more quickly in the US and Europe. However, some suppliers also solar-powered LED lighting products to third world countries or developing countries like India and the Middle East.
Market Segmentation
The global Solar Street Lighting Market Size has been segmented into product type, type, and application.
- By product type, the global solar street lighting market has been segmented into LED and CFL.
- By type, the global solar street lighting market has been segmented into standalone and on-grid.
- By application, the global solar street lighting market has been segmented into residential, commercial, and industrial.
Regional Analysis
Geographically, the global market for solar street lighting is divided into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa.
The Asia Pacific dominated the global market for solar street lighting. The extensive growth of the Asia Pacific economy can mainly be attributed to India and China's increasing urbanization. Growth in the GDP of emerging economies in the region and rising high-end innovations from developed regions also contribute to development. Areas with a shortage of public infrastructure have a correspondingly higher number of solar products.
Key Players
- VerySol Inc. (U.S.)
- Urja Global Ltd. (India)
- Solar Street Lights USA (U.S.)
- Dragons Breath Solar (U.K.)
- Solektra International LLC (U.S.)
- Sol Inc.(U.S.)
- Bridgelux Inc. (U.S.)
- Sunna Design (France)
- SOKOYO Solar Group (China)
- Philips Lighting Holding B.V.( the Netherlands)
- Omega Solar (India
Prominent players in the global market for solar street lighting are concentrating on expanding their production units across many regions over the coming years in order to gain a competitive advantage over other players.
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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
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.
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Hydraulic equipment market is projected to reach USD 54.6 billion by 2024 and is expected to grow at 4.02% CAGR during the period, 2019 to 2024.
The global market for Hydraulic Equipment Market is expected to get tailwinds from the rising investment in the construction sector of the developing regions, demand for advanced technologies, easy incorporation of advanced tools, investment in research and development projects, growing demand for such machines in the mining sector, booming water & wastewater infrastructure, and others.
However, these tools are often costly, owing to which companies hesitate to invest in acquiring such machines.
Regional Analysis:
Asia Pacific has the chance to dominate the global market as the regional market is benefiting from the support of China. In Europe, this market will profit from Germany’s investment.
Segmentation:
The global Hydraulic Equipment Market Size can be studied on the basis of segmentation that includes component and application. This segmentation provides better opportunities regarding insights as data in these segments were mined expert analysts who back it further with scientific methods and parameters.
- By component, the understanding of the global hydraulic equipment market includes segments like motors, pumps, cylinders, valves, and accessories. The valves segment has the upper hand in the hydraulic equipment market and it will remain so during the forecast period.
- By application, the report on the hydraulic equipment market includes a study of industrial and mobile. The mobile sub-segment has the chance to generate maximum revenue in the coming years.
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Competitive Landscape:
- Eaton Corporation Plc (Ireland)
- Parker Hannifin (US)
- Fluitronics GmbH (Germany)
- Kawasaki (Japan)
- HAWE (Germany)
- Bosch Rexroth (Germany)
- Moog Inc. (US)
- Hydac (Germany)
- Concentric (Sweden)
- Bucker Hydraulics (Germany)
- Daikin (Japan)
- Nachi-Fujikoshi (Japan)
- Dantal Hydraulics (India)
- Casappa (Italy)
- Linde Hydraulics (Germany)
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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…
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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Overview:
The global market report containing the microbial enhanced oil recovery market has predicted rise by 20% during the forecast period of 2027. Market Research Future (MRFR), in its attempt to understand the market, revealed various factors and dynamics that can trigger market growth.
Rising offshore exploration activities, growing demand for fuel, demand for cost-effective measures, the enhanced oil recovery process, and others are expected to make sure the market stays on its growth track in the coming years. Its features like removing the obstacles posed by the rocks and reservoirs' impermeability, the high viscosity of petroleum, and high capillary forces are also expected to trigger growth.
However, the rising adoption of alternative methods can disturb the growth process of the global Microbial Enhanced Oil Recovery Market Growth.
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Segmentation:
The global study of the microbial enhanced oil recovery market has included segments like application, bacteria injection, and well type. These segments help in getting data on dynamics that can help in forming strategies and influence the profit margin.
- By bacteria injection, the global study of the microbial enhanced oil recovery market includes segments like microbial flooding, cyclic or huff & puff, and feeding existing bacteria. The microbial flooding segment has the chance to dominate the global market as its technological superiority is expected to create grounds for better proliferation across end user industries. The method also allows operations without any pause.
- By application, the study of the global microbial enhanced oil recovery market includes segments like emulsification and de-emulsification, selective plugging, interfacial tension reduction, gas production, wettability alteration, and biodegradation. The interfacial tension reduction segment has the maximum market coverage. The market is getting more traction from this segment as both oil and water have high interfacial tension. This technology can be used to reduce that tension. It further acts in a positive way to reduce the viscosity of the oil.
- By well types, the discussion on the microbial enhanced oil recovery market includes segments like onshore and offshore wells. The onshore well segment has a better share as it incurs a lower cost for research and tests in onshore than in offshore.
Regional Analysis:
The global market for Microbial Enhanced Oil Recovery Industry is witnessing growth all across the world. In North America, Canada and the US are providing a strong premise for the market to grow. In Asia Pacific, China, India, and others are doing the same.
Competitive Analysis:
- Weatherford International (U.S.)
- RAM Biochemicals (U.S.)
- Synthetic Genomics (U.S.)
- Occidental Petroleum (U.S.)
- Titan Oil Recovery (U.S.)
- National Oilwell Varco Inc. (U.S.)
- BP (UK)
- Wintershall (Germany)
- Halliburton (U.S.)
- Glori Energy Inc. (U.S.)
- Genome Prairie (Canada)
- Chemiphase (UK)
These companies have employed diverse strategic mechanisms to make sure the outcome comes in favor of them and influence the market in positive ways. MRFR traced these mechanisms like merger, acquisition, innovation, branding, investment in marketing and research, and others to get a comprehensive idea about trends that are setting the market on a positive track.
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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 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued…
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
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Market Highlights
Hybrid Switchgear Market is projected to be worth USD 37.53 billion by 2027, registering a CAGR of 16.89% CAGR during the forecast period (2021 - 2027)
A Hybrid Switchgear Market is a combination of components including circuit breaker, earthing switches, and other auxiliary devices that are located in a common gas tank. Some hybrid switchgears are well suited for heavily polluted environments and are highly preferred in areas prone to seismic activity. Its compact design, with low center of gravity, is ideal for withstanding seismic acceleration, as proven by shaking table tests and finite elements method simulations. These unique features of hybrid switchgears will help in the growth of the hybrid switchgear industry.
GLOBAL HYBRID SWITCHGEAR MARKET, 2019-–2024
Asia-Pacific held the largest share of the global hybrid switchgear market in 2018.
The global hybrid switchgear market has been segmented into regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
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The market in Asia-Pacific held the largest share of the global hybrid switchgear market in 2018, mainly due to increasing investments in transmission and distribution, rising energy demand, and limitations of space. The market in the region is also expected to be the fastest-growing during the forecast period. Moreover, factors such as increased power consumption, government mandates on energy efficiency, rising influx of renewable resources in the energy mix, and upgradation of aging hydropower plants are driving the market growth. Within Asia-Pacific, China is likely to hold the largest share during the forecast period owing to increasing expenditure on transmission and distribution networks and increasing manufacturing facilities in the region. The market in North America is expected to be the second-largest owing to increasing demand for energy and modernization of infrastructure. The US will dominate the North American market during the forecast period.
The market in Europe is also expected to grow at a significant rate owing to many advanced technologies being introduced by some key players in Europe. Germany is expected to dominate the European market due to the introduction of new hybrid switchgear projects, especially designed for railway transmission system.
Similarly, Saudi Arabia and Brazil are the two economies which are expected to dominate the markets in the Middle East & Africa and South America, respectively.
In addition to regions, the global hybrid switchgear market has been segmented based on voltage, application, and installation.
Based on voltage, the market has been divided into into up to 72.5 kV, 72.5–245 kV, and 245–550 kV. In 2018, the 72.5–245 kV segment dominated the market owing to the increasing use of these hybrid switchgears in applications such as integration of renewable power to the grid, facilitating remote mining connections, and substation extensions. These modular hybrid switchgears enable customizable solutions in a short manufacturing time.
On the basis of application, the hybrid switchgear market has been classified as infrastructure, transportation, industrial, and others. The industrial segment is expected to dominate the market during the forecast period.
By installation, the market has been segmented into onshore and offshore. The onshore segment is expected to dominate the market during the forecast period.
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Key Players
The key players in the global hybrid switchgear market are ABB (Switzerland), GE (US), Mitsubishi Electric (Japan), Siemens (Germany), Toshiba Corporation (Japan), Skipperseil (NA), TGOOD (Colombia), Schneider Electric (France), Hitachi (Japan), CG (India), L&T (India), Chint (China), Hyosung (South Korea), Taikai Power Engineering (China), and Capchem Electricals Pvt. Ltd (India).
Drivers
Scope of the Report
This report provides an in-depth analysis of the global Hybrid Switchgear Market Growth, 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, Asia-Pacific, Europe, the Middle East & Africa, and South America. 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 hybrid switchgear market by voltage, installation, application, and region.
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- By Voltage
- Up to 72.5 KV
- 5–245 KV
- 245–550 KV
- By Installation
- Onshore
- Offshor
- By Application
- Infrastructure
- Transportation
- Industrial
- Others
- By Region
- Asia-Pacific
- North America
- Europe
- Middle East & Africa
- South Americ
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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According to Market Research Future (MRFR), the global excitation system market size is projected to reach USD 3.30 billion, with a 3.24% CAGR between 2019 and 2025 (forecast period).
The study report summarizes the impact of COVID-19 on current/future market situations. The report outlines some of the crucial market factors that will influence the growth of this sector, such as market share, main region, and key players.
An excitation system is used to produce the flux by passing the current in the windings, thus supplying field current to the rotor winding of a synchronous machine. These systems provide stability and reliability in the operation of synchronous machines. In addition, the amount of excitation needed for synchronous machines depends on the load power factor, the load current, and the speed of the machine.
Market Dynamics
Significant factors pushing the growth of the global market for excitation systems include increasing demand for synchronous machines and the capability to provide reliable operation of synchronous machines. In addition, the increasing need for synchronous machines in renewable energy generates opportunities for the global excitation system industry. For example, in November 2019, Reivax (Canada) and General Electric (US) signed a contract with Seattle City Light (US) to supply static excitation systems for boundary dam power stations. These factors are expected to provide an opportunity for the global market for excitation systems during the forecast period.
The global excitation system market is likely to see high growth during the forecast period due to the ability to ensure long-term, stable operation for synchronous machines and increasing global demand for synchronous machines.
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Market Segmentation
The global market for excitation system has been segmented based on type, controller type, and end-use.
- By type, the global excitation system market has been segmented into DC excitation system, AC excitation system, and static excitation system. AC excitation system is further divided into rotating thyristors excitation system and brushless excitation system. The AC excitation System segment is anticipated to hold a larger share due to its numerous benefits like low maintenance cost of rotor excitation system compared to other types of excitation systems and low contact resistance.
- On the basis of the controller type, the global excitation system market has been segmented into analog and digital. The digital segment is projected to grow with the highest CAGR during the projected period as it improves the transient and dynamic stability, thereby enhances the performance of the generator.
- On the basis of application, the global excitation system market has been segmented into synchronous generators and synchronous motors. The synchronous generators segment is projected to hold the largest share within the global excitation system market due to the increasing demand for synchronous generators in hydropower generating stations.
Regional Analysis
By region, the global excitation system market has been segmented into Asia Pacific, North America, Europe, South America, and the Middle East & Africa.
The Asia Pacific is set to be the largest and fastest-growing region in the global excitation system market due to the rising share of renewable energy that will boost the excitation system in the region during the assessment period.
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Key Players
- General Electric (US)
- Amtech Power Ltd (India)
- KONČAR (Croatia)
- Nidec (Japan)
- Voith (Germany)
- Siemens (Germany)
- Basler Electric (US)
- Tenel
- s.r.o. (Czech Republic)
- Andritz (Austria)
- Reivax (Canada)
- VEO (Finland)
- Automation Electronics (India)
- ABB (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…
List Of Tables
Table 1 Global Excitation Systems Market, By Region, 2019-2025 (USD Million)
Table 2 North America Excitation Systems Market, By Country, 2019-2025 (USD Million)
Table 3 Europe Excitation Systems Market, By Country, 2019-2025 (USD Million)
Table 4 Asia-Pacific Excitation Systems Market, By Country, 2019-2025 (USD Million)
Table 5 Middle East & Africa Excitation Systems Market, By Country, 2019-2025 (USD Million)
Table 6 South America Excitation System Market, By Country, 2019-2025 (USD Million)
Table 7 Global Excitation Systems Market, By Type, 2019-2025 (USD Million)
Table 8 North America Excitation Systems Market, By Type, 2019-2025 (USD Million)
Table 9 Europe Excitation Systems Market, By Type, 2019-2025 (USD Million)
Table 10 Asia-Pacific Excitation Systems Market, By Type, 2019-2025 (USD Million)
Table 11 Middle East & Africa Excitation Systems Market, By Type, 2019-2025 (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.
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Market Research Future
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The global commercial HVAC market is expected to exhibit a strong 6.86% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR).
The global Commercial HVAC market is expected to reach a valuation of USD 130.25 billion by 2024, rising upon the market’s 2018 valuation of USD 93.5 billion. The report presents a comprehensive overview of the global commercial HVAC market’s historical growth trajectory and current statistics. Based on this databank, studied projections are made for the market’s future growth over the forecast period. The major drivers and restraints affecting the market are profiled in detail in the report. The major players operating in the global commercial HVAC market are also profiled in detail in the report. The report also looks at the impact of the COVID-19 pandemic on the global commercial HVAC market.
Commercial HVAC units are used to manage the air conditioning needs of commercial spaces. These units are usually larger than residential HVAC units, as they need to handle a larger volume of HVAC operations than in residential applications. A commercial HVAC system comprises components such as thermostats, compressors, dampers, evaporators, condenser fans, and blowers. There are three major categories of commercial HVAC systems: Single split systems, multi split systems, and VRF and VRV systems. Smaller commercial spaces are usually serviced by single split systems, as they are affordable and appropriate for small spaces. Larger commercial spaces may employ multi split or VRF and VRV systems in order to accommodate the larger volume of air conditioning required in larger commercial spaces.
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Growing construction of office spaces and other commercial construction projects in emerging regions such as Asia Pacific and the Middle East is the major driver for the global commercial HVAC market over the forecast period. As urbanization has continued in developing countries such as China, India, South Korea, the UAE, and Mexico, the number of office spaces in urban conglomerations has grown rapidly over the last few years. Growing urbanization in these and other developing countries is likely to create a need for more office spaces in the coming years, as more and more urban jobs are created to accommodate the growing urban population. This is likely to be a major driver for the global commercial HVAC market over the forecast period. The growing food service industry is also a major driver for the global commercial HVAC market, as this is likely to manifest in increasing numbers of restaurants in developing areas over the forecast period. This is likely to lead to a growing demand for effective commercial HVAC units over the forecast period, driving the market at a stable growth rate.
Competitive Leaderboard:
- Danfoss
- Hitachi Ltd.
- Panasonic
- AAON
- Rheem Manufacturing Company
- Lennox International Inc.
- Edison Heating and Cooling
- Farina Corporation
- Johnson Controls
- Ingersoll Rand
- Haier Electronics Group Co. Ltd.
- Daikin Industries Ltd.
- Samsung Electronics Co. Ltd.
- Mitsubishi Corporation
- United Technologies Corporation.
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Segmentation:
The Commercial HVAC Market Size is segmented on the basis of heating equipment, ventilation equipment, cooling equipment, implementation type, application, and region.
- By heating equipment, the global commercial HVAC market is segmented into heat pump, furnaces, boilers, and unitary heaters.
- By ventilation equipment, the global commercial HVAC market is segmented into humidifiers, dehumidifiers, air purifiers, air filters, ventilation fans, and air handling units.
- By cooling equipment, the global commercial HVAC market is segmented into room air conditioners, unitary air conditioners, chillers, coolers, cooling towers, and VRF systems.
- By implementation type, the global commercial HVAC market is segmented into new construction and retrofit.
- By application, the global commercial HVAC market is segmented into large and small offices, hospitals, shopping malls, restaurants, and others.
Regional Analysis:
Asia Pacific holds the largest share in the global commercial HVAC market due to the growing commercial construction in developing APAC countries such as China, India, South Korea, Indonesia, and Thailand, among others.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
Continued…
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Centrifugal Pump Market Size To Expand at a Notable CAGR Of 4.01% During 2020 - 2027.
A centrifugal pump market is a mechanical device designed to move liquid by the transfer of rotational energy through the impeller. These types of pumps are primarily used for pumping water in industrial and residential areas. They are also commonly used in the agriculture sector, municipal water, wastewater plants, power generation plants, petroleum, and chemical industries. The benefits of the centrifugal pump include a continuous delivery, easy to operate, horizontally or vertically mountable, and moves at high speeds with minimal maintenance.
Market Dynamics
Factors such as increased urbanization and a high emphasis on water conservation and wastewater management will increase the demand for centrifugal pumps. In addition, growing infrastructure development will also promote the use of centrifugal pumps, especially in industrial areas. For example, as per the India Brand Equity Foundation (IBEF), India will require an investment of USD 777.53 billion in infrastructure by 2022 to ensure sustainable development. This would boost the market for centrifugal pumps.
The global market for centrifugal pump is expected to rise at a high rate during the forecast period, mainly due to growing concerns regarding wastewater treatment and desalination, for example, in December 2018, The US Department of Energy (DOE) announced plans to invest USD 100 million in energy-water desalination. Furthermore, the manufacturing sector uses a significant amount of water and, due to the depletion of groundwater reserves, the re-use of water has become imperative.
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Governments worldwide are concentrating on the development of strict regulatory policies to build sustainable water systems, such as the development of centralized systems for the proper distribution and design of water treatment models. Under the 13th Five-Year Plan (2016-2020), China plans to invest about RMB 559 billion or 0.75% of its GDP in its water treatment industry.
The global market for centrifugal pumps is expected to see significant growth during the forecast period due to rising investments in infrastructure and water and wastewater treatment plants worldwide. As per the governor of New York, the US invested USD 27 million to upgrade the Niagara Falls Wastewater treatment plant in December 2018. This investment would improve primary treatment systems and equipment and improve the dewatering system requiring centrifugal pumps to pump water. Similarly, according to the Minister for Energy, Development and Environmental Protection, Germany spent EUR 2.5 million in 2013. Such investments in Europe, the US, and other countries worldwide will push the demand for centrifugal pumps in the water and wastewater treatment industry.
Market Segmentation
The global centrifugal pump market has been segmented based on type, stage, and end-user.
- Based on type, the global centrifugal pump market has been classified into overhung impeller, vertically suspended, and between-bearing. Vertically suspended is anticipated to be one of the leading markets during the assessment period due to advantages like, it used 75% less floor space than horizontal pumps with electric motor drives. Thus, an increase in the demand for multistage pumps in commercial buildings, petroleum, oil & gas, and industrial process services is the primary factor driving the market for vertically suspended centrifugal pumps.
- Based on stage, the global centrifugal pump market has been segmented into single-stage and multistage.
- Based on end-user, the global centrifugal pump market has been segmented into water & wastewater, oil & gas, chemical, power, and others. The water and wastewater segment of the global centrifugal pump market is estimated to register the highest growth rate during the forecast period.
Regional Analysis
Regionally,the global Centrifugal Pump Market Report has been segmented into North America, Asia Pacific, South America, Europe, and the Middle East & Africa.
The Asia Pacific is projected to dominate the global market for centrifugal pumps due to increased investment in water and wastewater infrastructure in South East Asia and rapid industrialization in the region. In addition, the rising demand for water supply in the area, with its growing population, is supporting the demand for centrifugal pumps.
Key Players
- Xylem (US)
- Grundfos (Denmark)
- ITT Corporation (US)
- Flowserve (US)
- KSB (Germany)
- Circor International (US)
- Sulzer (Switzerland)
- Wilo (Germany)
- Ebara Corporation (Japan)
- Someflu (France)
- Baker Hughes
- A GE Company (US)
- Pentair (US)
- Weir (UK).
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Market Synopsis
As per the analysis by Market Research Future Reports (MRFR), the global artificial lift market is estimated to expand at a CAGR of 5.63% during the review period.
The global artificial market 2020 is expanding because of the rise in shale oil and gas production and a decline in oil reservoirs. The rising inclination towards optimization and an increasing number of mature oil fields are estimated to be key factors of expansion. Besides, the decline in the price of oil is also likely to increase the demand for production-based services such as Artificial Lift Market, pressure pumping, and better oil recovery in comparison to drilling services. Moreover, re-development of mature oilfields and growing offshore oil and gas discoveries are other factors that are estimated to present business opportunities to the global artificial lift market. However, lack of expertise and stagnant cost of oil are the factors that may restrict the expansion of the market.
The sudden outbreak of COVID-19 has brought a significant change in market dynamics. We will provide COVID-19 impact analysis with report.
Market Segmentation
The global artificial lift market can be segregated on the basis of application, type, mechanism, and region.
- On the basis of application, the global artificial lift market can be segregated into offshore and onshore. The onshore government is estimated to lead the global artificial lift market.
- On the basis of type, the global artificial lift market can be segregated into ESP, gas lift, PCP, rod lift, and others.
- On the basis of mechanism, the global artificial lift market can be segregated into gas-assisted and pump assisted. Pump assisted segment is likely to acquire the largest share.
- On the basis region, the global artificial lift market can be segregated into North America, Asia-Pacific, Europe, the Middle East & Africa, and South America.
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Regional Analysis
The geographical analysis of North America, Asia-Pacific, Europe, the Middle East & Africa, and South America has been conducted. As per the analysis, North America is estimated to acquire the largest market share during the forecast period. The market in the region is propelling due to the increasing number of mature oilfields and the rising shale gas production in the region. In the North American market, the U.S. plays a key role in regional expansion. The production of oil in the U.S is supplying crude oil to more than 10% of the world. In North America, rod lift is estimated to lead the artificial lift market.
On the other hand, the Middle East & Africa is estimated to expand at the fastest rate during the review period. The region is propelling due to the presence of a large number is reservoirs in the Middle East & Africa region. Additionally, there is also the presence of mature fields that are likely to influence the expansion of the Artificial Lift Market Growth in the Middle East & Africa.
Key Players
- Schlumberger (U.S.)
- Halliburton (U.S.)
- Weatherford (U.S.)
- National Oilwell VarcoInc. (U.S.)
- G.E. Oil & Gas (U.S.)
- Borets International Limited (UAE)
- Flotek IndustriesInc. (U.S.)
- Dover Corporation (U.S.)
- J.J. Tech (U.S.)
- AccessESP (U.S.)
- John Crane Group (U.S.)
- OILSERV (UAE)
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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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Market Research Future published a raw research report on the global UPS battery market that contains the information from 2020–2026. The global UPS battery market is expected to grow at~10% CAGR during the forecast period, 2020–2026.
Taste the market data and market information presented through more than 83 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global UPS Battery Market Information from 2020 to 2026."
UPS battery market size is projected to grow at ~11% CAGR between 2020 and 2027.
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Industry News
- In April2019, Vertiv introduced the HPL lithium-ion battery cabinet for larger capacity uninterruptible power supply (UPS) systems.
- In March 2019, Eaton launchedthenew5P rackmount lithium-ion battery technology. This product development extended the battery life and allow remote management capabilities for IT and edge computing environments.
In 2019, the Li-ion segment held the largest market share: MRFR
Based on battery type, the global UPS battery market has been divided into lead acid, nickel cadmium, Li-ion, and others. The Li-ion segment held the largest market share in 2019 and is expected to grow at the faster rate during the forecast period as it has higher energy density, lower self-discharge rate, low maintenance, better load characteristics, and higher stability as compared to other type of batteries. All these factors result in the Li-ion segment holding the higher share of the global market.
Based on organization size, the global UPS battery market has been divided into small and medium enterprises (SMEs) and large enterprises. The small and medium enterprises (SMEs) segment hold the largest market share in 2019. The small and medium enterprises (SMEs) segment is expected to grow at the fastest rate during the forecast period.
The global UPS battery has been divided, based on application, into residential, commercial, data centers, and industrial. The industrial segment is expected to hold the largest market share of the global UPS battery market in 2019 and is expected to grow at the fastest rate during the forecast period, due to the growing focus on the developments of BFSI, IT & Telecommunication, and Manufacturing sectors in the region.
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The key players operating in the global UPS battery areEast Penn Manufacturing (US), Vertiv (US), CSB Energy Technology Co., Ltd. (Taiwan), EnerSys (US), Socomec (France), Eaton (Ireland), GS Yuasa Corporation (Japan), Schneider Electric (France), Active Power (US), Toshiba Corporation (Japan), FIAMM Energy Technology S.p.A. (Italy), Saft Batteries (France), Leoch International Technology Limited (Hong Kong), Kehua Data Co., Ltd. (China), Kokam Co., Ltd (South Korea), and Exide Industries Ltd. (India).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging andhigh-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global UPS battery market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing andcost analysis.
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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.
Contact:
Market Research Future
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
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