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Market Highlights
Battery Storage Inverter Market is projected to be worth USD 45.27 billion by 2027, registering a CAGR of 11.45% during the forecast period (2021 - 2027)
A Battery Storage Inverter Market is designed to draw energy from a battery. It manages the battery charge via an onboard charger and exports excess energy to the utility grid. These inverters are capable of supplying AC energy to selected loads during a utility outage. Such inverters manage the charging and discharging of a battery bank.
GLOBAL BATTERY STORAGE INVERTER MARKET, 2019–2025
In 2018, Asia-Pacific dominated the global battery storage inverter market in terms of share: MRFR
The global battery storage inverter market has been segmented into five regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is expected to hold the largest share of the global battery storage inverter market and is expected to be the fastest-growing region during the forecast period.
The region is gradually becoming a hub for the battery storage inverter manufacturers as the demand for battery storage inverters from China, India, and Japan is gradually increasing. The electricity demand in China is on the rise due to the rapid population growth in the country. To fulfill the increasing demand from this population, the state-owned State Grid Corporation of China, the world’s largest utility, has deployed battery storage inverters to provide ancillary services throughout its grid, which drives the global battery storage inverter market during the forecast period.
The battery storage inverter market in North America is dominated by the US, owing to the increasing need for battery storage inverter market to support electrical grids, especially under highly stressed conditions and to avoid power blackouts in the country. For instance, in 2015, 221 MW of storage capacity was installed in the US. Such developments are expected to drive the battery storage inverter market in the US during the forecast period.
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The battery storage inverter market in Europe is expected to be dominated by Germany owing to the increase in storage requirements in data centers in the country.
The battery storage inverter market in South America is dominated by Brazil due to the rising demand for renewable energy, which has contributed to the growth of the battery storage inverter market in the last few years, and this growth is expected to continue over the forecast period.
The global battery storage inverter market has been segmented based on type, application, and region. Based on type, the global market is divided into single-phase electric power and three-phase electric power. The single-phase electric power segment is expected to dominate the global market and is likely to grow with the highest CAGR. Based on the application, the global market is segmented as utility-scale, commercial, and residential. The utility-scale segment is expected to grow with the highest CAGR during the forecast period.
The Global Battery Storage Inverter Market is expected to grow at 10.05% CAGR during the forecast period.
Scope of the Report
This report provides an in-depth analysis of the global Battery Storage Inverter Market Size, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global battery storage inverter market by type, application, and region.
- Type
- Single-Phase Electric Power
- Three-Phase Electric Power
- Application
- Utility Scale
- Commercial
- Residential
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Key Players
- SUNGROW (China)
- Zhicheng Champion (China)
- Robert Bosch GmbH (Germany)
- Parker-Hannifin Corporation (US)
- KACO (Germany)
- ABB (Switzerland)
- CLOU (China)
- TRIED (US)
- Dynapower (US)
- Princeton (US)
- SMA (Germany)
- Eaton (Ireland).
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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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+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
Market Analysis
Market Research Future (MRFR) expects the global waste to energy market to reach USD 24.71 billion at a CAGR of 5.41% from 2019 to 2026 (forecast period).
Conversion of waste to energy is a process in which waste from around houses, industries, and power plants is collected and separated in the form of degradable and non-degradable waste that is further boiled in a high-voltage furnace to generate electricity that can be further used in various sectors.
The waste to energy industry is on the verge of increasing due to increased levels of emissions and waste, which can lead to the extinction of degradable energy such as coal, mineral oil, fuel, etc. With increased consumer demand for energy efficiency and the huge accumulation of waste worldwide, the government has come up with effective solutions to turn waste into usable energy.
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With the current scenario of inadequate waste management facilities, it has become vital to use this waste somehow as it could impact the environment and contribute to less sustainable life forms, making the world a black place for living organisms. In collaboration with the private sector, the Government has come up with steps to cause a penalty to people who break waste disposal rules and adjourning stringent regulations for waste collectors to export them to industries that can turn this waste into usable and biodegradable energy.
COVID-19 Impact on the Global Waste to Energy Market
The COVID-19 pandemic has brought the world to a halt. By causing human loss, the COVID-19 virus has impacted the world in numerous ways, i.e., people's emotional loss, government economic loss, GDP loss for countries, and labor and financial loss for most industries. Industries and governments worldwide are taking preventive measures to sustain the loss and move forward, and maintain the ecological balance. Waste to energy market value rose in COVID-19 times as more healthcare waste was accumulated, which was sent to waste disposal plants where it was converted into usable energy. Like the industries benefited throughout the waste disposal but owing to heavy taxes imposed by the government on the energy generated, several countries faced a growth in price at per unit consumption of this energy. Prices are projected to fall in the coming years due to a rise in industrial waste and a tendency for people to use renewable forms of energy.
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Market Segmentation
The global waste to energy market has been segmented into technology and vertical.
By technology, the global waste to energy market has been segmented into biochemical and thermal energy.
By vertical, the global waste to energy market has been segmented into public and private sectors.
Regional Analysis
Region-wise, the global Global Waste to Energy Market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
The Asia Pacific is the most heavily active global market sector that decomposes waste and transforms it into useful energy. America has the largest demand for building industries for power generation through waste material making field for renewable energy sources. Europe and other EMEA areas, such as Japan and Australia, have also developed a number of market opportunities for industries involved in waste conversion. Canada, on the other hand, aims to turn 90% of its waste into reusable energy by 2026 by encouraging greenhouse, thermal and biochemical energy for everyday use.
Key Players
- Waste Management, Inc. (US)
- Axpo Holding AG(Switzerland)
- A2A S.p.A. (Italy)
- Veolia (France)
- Hitachi Zosen Inova AG (Japan)
- Keppel Seghers (Qatar)
- Ramboll Group A/S (Denmark)
- BABCOCK & WILCOX VØLUND A/S (Denmark)
- Wheelabrator Technologies Inc. (US)
- BTA International GmbH (Germany)
- Covanta Holding Corporation (US)
- BlueFire Renewables (US).
Summary
The global waste to energy market is predicted to reach USD 24.71 billion at a CAGR of 5.41% from 2019 to 2026 (forecast period). The waste to energy industry is on the verge of changing the world of usable energy. With increased public disposable waste and industrial waste, it has become a worldwide issue to have disposable furnaces separate the waste and accumulate it to areas so that it does not create havoc for the environment. More people are now inclined to use an effective source of energy, thereby increasing the demand for waste to energy (WTE) methods that can generate heat and electricity with the methods of pyrolysis, incineration, biochemical treatment, and gasification.
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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
MCCB market is estimated to witness a USD 7.56 Billion and CAGR of 5.93% during the forecast period.
Molded Case Circuit Breaker (MCCB) is an essential component in an electrical circuit as it prevents electricity overloading, damage to electrical wiring and devices, and electrical fire outbreak. MCCB commonly works based on two elements, namely thermal element for overcurrent and a magnetic element for short circuit release. The MCCB market is primarily driven by the rising electricity consumption and continued reform in electricity infrastructure. Global demand for electricity is increasing at an alarming rate. According to the International Energy Agency (IEA), worldwide electricity consumption is expected to hit 30,000 terawatt hours (TWh) by 2030. This would produce considerable opportunities for the associated markets, such as electrical equipment and protection devices. Consequently, with the continuous rise in electricity production and consumption, the demand for MCCBs would continue to rise in the following years. Additionally, high growth in the construction sector across the globe is fuelling the growth of the market. However, factors such as fluctuating working characteristics of the breaker depending on the ambient temperature may restrict the demand for molded case circuit breaker devices.
Geographically, the Asia Pacific region is the dominating as well as the fastest growing region for the MCCB market. The Middle East & Africa region is expected to contribute significantly in the global market during the forecast period. The Middle East countries are expanding their cross-border electricity trade and integrating wind and other renewable energies, increasing the load flow on aging networks. For instance, GE signed a contract with the government of Egypt to deliver 2,683 GW of electricity. Additionally, higher focus on efficient and reliable power transmission, along with the installation of new energy infrastructure in emerging economies, is expected to boost the Middle East MCCB market.
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Drivers
Source: MRFR Analysis
Market Research Analysis
For the purpose of this study, the global MCCB market has been divided into two segments, namely rated current and end-user. On the basis of end-user, the market has been segmented into transmission & distribution, manufacturing & process industry, residential & commercial, power generation, and others. In 2017, transmission & distribution industry dominates the end-user segment of the market mainly due to the renovation of aging infrastructure in countries such as the U.S. and the U.K. Furthermore, increasing construction activities in emerging regions as well as increasing number of smart cities projects across the globe is expected to boost the growth of the global molded case circuit breakers market during the forecast period.
On the basis of rated Current, the market has been segmented into up to 20A, 21A–75A, 76A–250A, 251A–800A, and above 800A. In 2016, 76A–250A dominated the rated current segment of the MCCB market.
Scope of the Report
This study provides an overview of the global molded case circuit breakers (MCCB) market, tracking two market segments across four geographic regions. The report studies key players, providing a five-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 six years for each region. The scope of the study segments the global MCCB market by its rating current, end-user, and region.
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- By Rated Current
- Up to 20A
- 21A–75A
- 76A–250A
- 251A–800A
- Above 800A
- End-User
- Manufacturing & Process Industry
- Residential & Commercial
- Power Generation
- Others
- By Region
- North America
- Asia Pacific
- Europe
- Rest of the World
Key Players
The prominent players in the molded case circuit breakers (MCCB) market include Siemens AG (Germany), Schneider Electric (France), General Electric (U.S.), Eaton Corporation Plc. (Ireland), Rockwell Automation, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Hitachi Industrial Equipment Systems (Japan), Legrand SA (France), Fuji Electric Co., Ltd. (Japan), Havells India Ltd. (India), Huayi Electric Co., Ltd (China), Toshiba Corporation (Japan), Noark Electric (USA) Inc. (U.S.), Chint Group (China), and Maxguard (Malaysia).
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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
The global landfill gas market is expected to register a ~5.01% CAGR from 2020 to 2027.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 150 numbers of pages of the project report. Avail of the in-depth table of content & market synopsis on the “Global Landfill Gas MarketInformation from 2020 to 2027.
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Landfill gas produces electricity from chemical energy that is contained in organic matter landfill gas is obtained as a natural byproduct of microbial decomposition of organic matter in landfills. `
There has been a rise in the demand for landfill gas in Asia-Pacific, and it is one of the largest markets for landfill gasin the world. Countries in the region are developing rapidly in terms of manufacturing output and services offered. However, the growth has also increased the emission rates, and countries such as China and India are among the highest carbondioxide producers in the world. Some of the major factors expected to drive the growth of the combined heat and power (CHP) market in the region include the growing demand for reduced carbon emissions and the increasing need for clean energy generation. Such factors are expected to drive the growth of the landfill gas market in Asia-Pacific during the forecast period.
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The global landfill gas market is estimated to witness ~5.01% CAGR during the period from 2020 to 2027: MRFR
The global market for landfill gas is segmented based on application and region.
By technology, the global market has been segmented into anaerobic digestion, combustion, gasification, and co-firing. The combustion segment held the largest share of the market in 2019. Combined heat and power (CHP) is the technology used for the conversion of biomass into power. In this technology segment, there is the simultaneous generation of multiple forms of renewable energy (usually mechanical and thermal) from biomass resources in a single, integrated system. About 90% of the energy potential contained in the fuel is converted on average into electricity through CHP systems as it employs both electricity and heat for the generation of power.
By end use, the global market has been segmented intodirect use and upgraded. Theupgraded segment is expected to hold the larger share during the forecast period. The landfill gasis upgraded to renewable natural gas (RNG), a high-Btu gas, using treatment processes such as increasing the methane content in landfill gas and conversely reducing its CO2, nitrogen, and oxygen contents. Renewable natural gas can be used in place of natural gas derived from fossil fuels and as pipeline-quality gas or liquefied natural gas (LNG). The resultant upgraded gas can be used asa renewable energy source to power commercial buildings, such as office spaces, showrooms, movie theatres, and food courts. Large multinational companies such as Google LLC and Apple Inc. are now looking to completely rely on renewable energy sources for powering most of their electrical systems and electronics commercial buildings. Thus, the commercial segment is expected to witness significant growth during the forecast period. For instance, on 31st March 2021, Apple Inc. announced that 110 of its manufacturing suppliers, including those in India, would be moving to “100 percent renewable energy" to produce Apple’s products. The company also stated that its partners have nearly 8 gigawatts of planned clean energy set to come online by 2030.
By region, the landfill gas market is segmented into Europe, Asia-Pacific, North America, the Middle East & Africa, and South America. Asia-Pacific dominates the landfill gasmarket.Countries in the region are developing rapidly in terms of manufacturing output and services offered. However, the growth has also increased the emission rates, and countries such as China and India are among the highest carbondioxide producer in the world. Some of the major factors expected to drive the demand forlandfill gas in the region include the growing demand for reduced carbon emissions and the increasing need for energy efficiency. Such factors are expected to drive the growth of the landfill gas market in Asia-Pacific during the forecast period.
The important players operating in the global landfill gas market are Waste Management, Inc (US), Covanta Holding Corporation (US), Veolia Environment S.A. (France), Pennon Group Plc (UK), SUEZ SA(France), Kohler Co., Inc. (US), Aria Energy Corp (US), AFCO Energy Inc. (US), Granite Acquisition, Inc. (US), Landfill Systems Ltd., (UK), Vectren Corporation (US), and Shanghai Chengtou Holding Co., Ltd. (China).
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 and high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global landfill gas market, including high-growth regions and/or countries and political and economic environments. The project report further provides both historical market values and pricing & cost analysis.
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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
According to Market Research Future (MRFR), the global industrial gases market valuation is expected to rise at a high CAGR of 6.23% during the assessment period (2017-2027). Increasing consumption of industrial gases in the healthcare, metal & metallurgy, and pharma & biotech sectors creates a substantial demand in the market. The rise in industries such as chemicals, pulp & paper, and food & beverages; define the growth landscape of industrial gases across the world.
The global industrial gases market is growing at a rapid pace. The market growth attributes to the rising demand and industrialization worldwide. Besides, the increasing consumption of various specialty gases across the end-user industries drives the development of the market. Moreover, the spurting rise in sectors such as automotive & aerospace and electronics escalate the market demand.
Additionally, the increasing consumption of industrial gases in many applications across diverse industries influences the demand in the market. Surging demand for industrial gases from the energy and oil & gas industry substantiate the growth of the market. The industrial gas business is capital intensive and requires enormous investments, which is estimated to act as significant headwinds for the development of the market. Nevertheless, stringent environmental norms to minimize sulfur content of refinery products would support the market growth throughout the review period.
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Global Industrial Gases Market – Segments
The report is segmented into three dynamics;
By Gas Type : Oxygen, Helium, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, and others.
By Application : Healthcare, Metal & Metallurgy, Pharma & Biotech, Chemicals, Automotive & Aerospace, Electronics, Pulp & Paper, Food & Beverages, and others.
By Regions : Americas, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Global Industrial Gases Market – Regional Analysis
North America dominates the global Industrial Gases Market Analysis. The largest market share attributes to the high demand for industrial gases in rapidly developing automotive and construction industries. Besides, the large petroleum industry and growing telecom infrastructure in the region drive the growth of the market. Moreover, vast industrialization substantiates the market demand, consuming enormous amounts of various specialty gases.
Also, substantial developments in the automotive industries and renewable energy sectors foster the market demand considerably. The North American industrial gases market is expected to retain its dominance over the global market throughout the assessment period.
Asia Pacific is another lucrative market for industrial gases globally. The market growth is driven by the increased production activities for the export of industrial gases. Additionally, the increasing use of basic oxygen furnace technology by major metal and metallurgy companies boost the regional market growth, increasing the consumption of industrial gases. Furthermore, the massive consumption of specialty gases in major end-use applications pushes the development of the regional market.
Besides, the presence of key market players and end-user industries in the region influence market growth. Moreover, booming electronics sectors in China and India, foster regional market growth. Also, the rising production in the automotive and pharmaceutical industries boosts market growth, creating a huge market demand in the region. The APAC industrial gases market is expected to witness a significant growth rate during the assessment period.
The industrial gases market in Europe is growing substantially. Factors such as the presence of well-established automotive and metal & metallurgy industries propel the regional market growth. Moreover, spurting growth in already burgeoning automotive sectors in the region, acts as a key growth driver for the development of the market. Besides, rising production capacities in various end-use industries such as chemicals, metals, food & beverages, and healthcare & construction create substantial market demand.
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Global Industrial Gases Market – Competitive Landscape
Highly competitive, the industrial gases market appears fragmented due to the presence of numerous big and small players. Strategies such as mergers & acquisitions, collaboration, and product/technology launch remain key trends for the leading players to gain a larger competitive share.
Industry players invest substantially to develop new specialty gas lines to be used in countless applications, ranging from life-saving oxygen for hospitals to electronics manufacturing, clean fuels, and much more. They strive to deliver state-of-the-art gas processing solutions to support customer expansion, efficiency improvements, and emissions reductions.
Major Players:
- Technical Gas Co PTE Ltd. (ATG)
- Air Liquide S.A.
- Taiyo Nippon Sanso Corporation
- Dubai Industrial Gases
- Linde AG
- MATHESON Tri-Gas Inc.
- -National Industrial Gas Plants
- Tripti Gases Pvt. Limited
- Gulf Cryo
- Ellenbarrie Industrial Gases Ltd.
- Bhuruka Gases Ltd.
- Messer Group GmbH
- Goyal MG Gases Pvt. Ltd
- Bristol Gases
- Airgas Inc.
- BASF
- Cryotech Anlagebau GmbH
- Air Products and Chemicals Inc.
- India Glycols Ltd.
- The Southern Gas Ltd.
- Praxair Inc.
- SICGIL India Limited
- Yateem Oxygen
- Air Products
- Buzwair Industrial Gases Factory
- Abdullah Hashim Industrial Gases & Equipment Co. Ltd.
- Ellenbarrie Industrial Gases Ltd.
- Mohsin Haider Darwish LLC
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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
