News Archive for Defence News, Renewable News

Solar fuel: Concentrating sunlight into a reactor to split H2O and CO2 – A step toward making liquid fuels

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The increase in demand for power and energy has been phenomenal during the last decade. It is expected to continue to rise enormously during the next decade. Power and energy demand is on the rise due to rising population, industrialization and modernization across the globe. Majority of the power demand is supplied by utilizing fossil fuels such as coal, oil & gas. These are non-renewable energy sources and will get depleted sooner or later. Renewable energy is the need of the hour to guarantee sustainable energy supply. Solar energy is the most abundant source of renewable energy. Solar fuel is the perfect way to provide unlimited and sustainable energy and power across the globe. Solar fuel is produced from sunlight through artificial photosynthesis or a thermochemical reaction. Sunlight is the fuel source, which converts solar energy into chemical energy consisting of hydrogen, oxygen, carbon dioxide or methanol. Solar fuel can be stored and used later as per the requirements. The major solar fuels are hydrogen and products of carbon dioxide reduction.

The market for solar fuel is still at a nascent stage. Hydrogen fuel produced through solar energy has some applications in aerospace & aircraft industry and automobile industry. Europe and North America have been the main markets for solar fuels. Counties such as the U.S, Germany, Norway and Sweden have started using solar fuels. Countries such as Japan, South Korea and Australia are also leading adopters of solar fuel technology.

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The global solar fuel market can be segmented on the basis of types, technology and geography. Currently, solar fuels such as hydrogen fuel, diesel, methanol and methane are being produced. Technology used to convert solar energy into fuels consists of artificial photosynthesis and thermochemical reaction. North America and Asia Pacific including the U.S, Canada, Japan, South Korea, China and Australia have the highest share of solar fuel market. Europe including Germany, Sweden, Norway and Austria also have a huge market for solar fuels.

Some of the drivers for solar fuel market chiefly include the rising demand for energy across the globe. New technologies developments in solar fuels will further boost the market. Shifted focus on renewable energy sources, sustained power supply and environmental friendly power production will further boost the demand for solar fuels. In recent times, numerous research and development activities in the field of solar fuels have been carried out across the globe. It will further boost the solar fuel market. Although, present lack of technology and limited applications may pose a threat to solar fuel market. However, many national governments have given grants and funds for carrying out research in solar fuel technology. In many countries such as Japan, Germany, U.K, Netherlands and Sweden, governments have given subsidies for solar fuel powered cars and other applications of solar fuels. All these factors predict an excellent growth trajectory for the solar fuel market during the forecast period.

Some of the key players in the solar fuel market include BioCee Inc.,Climeworks LLC, HyperSolar Inc., Joule Unlimited Inc., Liquid Light Corporation, Lockheed Martin Corporation, Panasonic Corporation, Solar Fuel Corporation, Shell Global Solutionsand Toshiba Corporation among others.

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About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Semiconductor for alternative energy technology – global industry analysis 2020

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Growth in electricity demand across the world is expected to boost demand for semiconductors for alternative energy technology market. Fossil fuel holds the major portion of the electricity generation mix. However, as fossil fuels are growing contributor to greenhouse gases, the governments are increasing their focus on policies and legislation to improve their energy efficiency. Demand for energy efficiency is expected to create new growth opportunities in the semiconductors market. Moreover, increasing oil prices are likely to act as a growth catalyst for the global semiconductor for alternative energy technology market. Growing consumer awareness and incentive schemes by the governments are likely to augment growth in the global semiconductor for alternative energy technology market.

Semiconductors are the key components for optimized energy generation and connection to numerous renewable energy technologies including photovoltaic cells and wind-turbines. Technological advancement and development in high power semiconductors further boosts the global demand for semiconductors for alternative energy technologies. Improvements in the bipolar devices, with the introduction of Integrated Gate-Commuted Thyristor, are also anticipated to play a key role in growth of semiconductor for alternative energy technology market. The semiconductors are used for transmission of the power of the grid and conversion of the power in the plant.

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Better power electronics is likely to reduce global electricity consumption through efficient electronic control of the growing number of IT Systems, Light, and Motors. The global semiconductors for alternative energy technologies market can be segmented by product, technology and geography. On the basis of technologies, the global market for semiconductors for alternative energy technologies can be given by Microcontroller (MCU), Analog Circuits, Advanced Mixed Signals, Digital Signal Processing, Advanced Power Conversion ICs, Optoelectronics, and Advanced Insulated-gate Bipolar Transistor (IGBT). On the basis of products, the global market for semiconductors for alternative energy technologies can be classified as semiconductors used in inverters which include Discrete, Digital Signal Processing (DSP), Microcontrollers, Silicon Carbide semiconductor, and Metal-oxide-semiconductor field – effect transistor (MOSFET) and IGBTs. The market can also be classified on the basis of alternative energy technologies using semiconductors. The segmentation can be given as wind, solar, storage, fuel cells, nuclear, and geothermal.

The global semiconductor for alternative energy technology market is likely to grow at significant rates in the near future. Increasing demand for energy is expected to drive global demand for semiconductor for alternative energy technology. Furthermore, government support in the form of feed-in-tariffs and renewable portfolio standards are anticipated to propel growth in this market. Currently, Europe dominates the market owing to the growth in the renewable energy industry.

North America is a key player in the semiconductor for alternative energy technology market. The same geographical trend is likely to continue over the forecast period. Asia Pacific is likely to be an emerging growth market for semiconductor for alternative energy technology. Investments in alternative energy technologies coupled with technological development and advancement are likely to provide ample opportunities of growth in this market. Solar and wind energy technologies are the growing market for semiconductors. These technologies are likely to grow at the highest rates in the future.

Some of the key players in the global semiconductors for alternative energy technologies market include ABB Limited, Solar Semiconductor Ltd., Solantro Semiconductor Corporation, Hemlock Semiconductor Group, Udhaya Semiconductors Limited (USL), and Wind Semiconductor Inc.

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High installation cost to hamper growth of global natural refrigerants market, opportunities and forecasts 2023

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A new market research study by Transparency Market Research talks about the major growth drivers and barriers of the natural refrigerants market across the globe. The research study, titled “Natural Refrigerants Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” provides an in-depth analysis of the market, focusing on the product segmentation, current trends, major geographical segments, and vendor analysis.

By type, the global market for natural refrigerants has been classified into carbon dioxide, hydrocarbons, and ammonia. The carbon dioxide segment is projected to account for the largest share in the overall market, owing to its ease of handling. Nevertheless, several companies across the globe have been using ammonia along with carbon dioxide in industrial applications, thanks to the higher performance of the combination.

By application, the global market for natural refrigerants has been segmented into commercial refrigeration, stationary air conditioning refrigerants, industrial refrigeration, mobile air conditioning refrigerants, and domestic refrigeration. Natural refrigerants are commonly used in industrial refrigeration for cooling, condensing, and storage of reactive chemicals. Within the commercial refrigerants segment, natural refrigerants find application in high-end retail outlets and supermarkets for refrigeration of food and beverages, and other portable cold storage systems.

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The high initial cost required for the installation of these systems is one of the key factors that are estimated to curb the growth of the global market for natural refrigerants in the next few years. In addition, HVAC contractors face several other challenges such as flammability and toxicity limits owing to the use of highly concentrated ammonia in small systems.

By geography, the global market for natural refrigerants has been segregated into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, currently, the developing automotive industry and tremendous growth of the commercial sector are the major factors fuelling the growth of the market in North America and Europe. The Asia Pacific market for natural refrigerants is estimated to witness rapid growth throughout the forecast period, owing to the high disposable income and improved living standards of the population. Furthermore, the booming hospitality industry in the Middle East and Africa is anticipated to exhibit high demand for refrigerating systems and air conditioners, thus augmenting the growth of the market in the next few years.

Furthermore, the research study covers the competitive scenario and presents a detailed vendor analysis of the global market for natural refrigerants. Some of the major players operating in the market are A-Gas International, Hess Corporation, HyChill, General Utilities, Airgas, Inc., Puyang Zhongwei Fine Chemical Co.Ltd., Tazzetti SpA, Engas Australasia, The Linde Group, Shandong Yuan Chemical Co., Ltd., Deepfreeze Refrigerants Inc., and Sinochem. These players are spending a huge amount on research and development activities to introduce new substitutes for conventional refrigerants.

Research Report:http://www.transparencymarketresearch.com/natural-refrigerants-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Natural gas vehicles market to be driven by increasing utilization of eco-friendly vehicular fuels

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Transparency Market Research presents a research report on the global natural gas vehicles market for the 2015-2023 period. The report, titled “Natural Gas Vehicles Market – Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2015 – 2023,” analyzes the various facets of sustainability of natural gas vehicular fuels in the long run. The report presents development trends and technological advancements that will have a bearing on this market during the forecast period.

That dependence on fossil fuels and crude oil for energy needs is not environmentally sustainable is well recognized. As such, the need to use clean, inexpensive, and natural fuels available in abundance is the need of the times. Natural gas is a clean substitute for conventional fuels such as diesel or gasoline and is also eco-friendly and low in cost. Compressed natural gas (CNG) or liquefied natural gas (LNG) are produced from natural gas and offer several economic, environmental, and policy benefits over other fossil fuels.

Vehicles that run on natural gas fuels are environmentally and economically sustainable. Government incentives and unparalleled industry investments for natural gas vehicles have spurred the demand for natural gas and available services. This is because emissions from natural gas vehicles are less polluting as compared to those released from gasoline and diesel vehicles. For instance, the U.S. environmental protection agency (EPA) has recognized the Honda Civic to be the cleanest commercially available vehicle in terms of emissions.

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On the other hand, natural gas vehicles are more expensive than conventional-fuel-powered vehicles. These vehicles are equipped with high-pressure insulated fuel tanks that can store LNG or CNG, the high cost of the tanks are the reasons for the high price of these vehicles.

Nevertheless, fuel savings make for significant savings over the vehicle’s lifespan. In particular, this results in huge savings for heavy-duty and high-mileage fleets in as little as 1-1.5 years, owing to the large quantity of fuels that these vehicles consume. With the decreasing cost of natural gas fuel tanks, light-duty passenger natural gas vehicles will cost less and will also enjoy a shorter payback period.

Due to these benefits, the trend of converting a conventional fuel vehicle into a natural gas vehicle is on the rise; this provides a huge opportunity for cutting fuel costs and recompensing for the conversion in a relatively short time.

Top players in the global natural gas vehicles market are Honda Motor Company Ltd., AB Volvo, Volkswagen AG, Renault SA, General Motors Company, Isuzu Motors Ltd., Caterpillar Inc., Ford Motor Company, Suzuki Motor Corporation Ltd., and Toyota Motor Corporation, among others.

Research Report:http://www.transparencymarketresearch.com/natural-gas-vehicles-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Green packaging market to reach US$203.1 bn by 2021 owing to growing preference for biodegradable and healthy packaging

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Packaging is one of the most important promotional tools to attract customers. For consumers, packaging refers to safety convenience and comfort, and for manufacturers, packaging represents profit and survival. The toxic materials used in packaging are contributing to environmental issues such as water pollution, land fill and air pollution. One of the new additions to the environmental concern for packaging is green packaging or sustainable packaging. In broader sense, “green packaging” means the type of packaging that is eco-friendly.

Companies implementing green packaging are reducing their carbon footprints and are using recycled material for packaging. The global green packaging market is expected to experience a stable growth throughout the forecast period. The green packaging market is segmented on the basis of application, packaging type, and by geography. The various categories of the packaging type include recycled content packaging, degradable packaging and reusable packaging.

The recycled content packaging is further bifurcated into paper packaging, plastic packaging, glass packaging and metal packaging among others. The reusable packaging is further segmented into drums, plastic container and others. By application, the green packaging market has been segmented into food and beverage packaging, personal care packaging, health care packaging and others. The others segment includes not so common packaging. In addition, the report provides a cross-sectional analysis of all the above segments with respect to different geographical regions including North America, Europe, Asia Pacific and Rest of the World (ROW).

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This study focuses on current market trends and the forecast from 2015 to 2021. The current market scenario for global green packaging market and future trends that are expected have an impact on growth and demand of green packaging is provided in the report. This report provides the present market size and forecast till2021. The micro economic factor affecting the demand and growth of the market has also been provided in the report.

In the global green packaging market, among the application segment the food and beverage packaging held the largest market share in 2014 and is expected to grow fastest at a CAGR of 6.4% during the forecasted period, i.e. 2015-2021., Food and beverage industries are the largest consumer of green packaging. As the demand for ecofriendly packaging increases among consumers the manufacturers of food and beverage products have started adopting green packaging for their products. In addition, this segment is also predicted to be the fastest growing market during the forecast period. As green packaging are made up of nontoxic materials, it prevent the food products from getting spoilt due to contamination. Consequently, the demand for green packaging is predicted to increase exponentially by different food and beverage manufacturers across the globe.

Geographically, North America held the second largest market for green packaging in 2014. The green packing market of North America is majorly driven by U.S. owing to extensive use of ecofriendly packaged products. Asia-Pacific region especially India and China offers the fastest growing market for green packaging because of huge concentration of food and beverage industries which is the major consumer of green packaging products. The developed countries like Canada and Japan offers one of the largest market but growth rate is slow since the market penetration of green packaging market is already at the highest point in those places. Consequently, new customers cannot be further attracted without new product development. Europe is one of the major marketsfor green packaging and is expected to have a healthy growth in the forecast period.

The major players operating in the green packaging market includes Crown holding, Tetra Laval, Amcor,E. I. Du Pont de Nemours, Ball Corp.,Biopack Environmental Solutions,Constar International Inc. EnviroPAK and Bemis Company among others.

Research Report:http://www.transparencymarketresearch.com/green-packaging-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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TECDOS Omega Drive for Maritime Horizontal & Vertical Drive Applications:

TECDOS conveyor & drive solutions for maritime applications have been designed to meet the increasing demand for drive solutions based on round steel link chains across the offshore industry. RUD’s TECDOS components and modules offer solutions for a wide variety of maritime applications for moving, pulling, lifting, telescoping, pivoting and swiveling.

One of the latest developments is the TECDOS Omega drive, a tough drive used across a variety of offshore environments for horizontal and vertical drive applications. The drive is used to pull, push, pivot, swivel structures, beams or cranes.

TECDOS Omega drives are easy to install, tolerates misalignment and heat elongation and does not produce reaction forces. It is less prone to damage when used on ice, sand, heat or other challenging environments. The Omega drive has been used across the offshore industry for projects such as moving ship cranes, traversing a machine or tracking solar panels to the sun to name a few.

TECDOS drives are increasing popular across the offshore industry due to RUD’s highly wear resistant round steel chains that are used in the drives. They are extremely robust, offer three-dimensional mobility and provide a high resistance to corrosion due to the vigorous surface coating that is applied to the chain.

For the wind power and the offshore wind industry in particular, TECDOS chain solutions are used in applications such as wind blade production and wind blade installation. TECDOS has also been used for projects such as wind tower installations and maintenance.

RUD offer standard and bespoke solutions to meet even the most demanding project requirements.

For more information please call 01227 276 611 Email: Katie.crane@rud.co.uk or visit www.rud.co.uk

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Global carbon capture and storage consumption 2016 industry report: Global QY Research

The recently published report titled Global Carbon Capture and Storage Consumption Industry 2016 Market Research Report is an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of Global Carbon Capture and Storage Consumption market considering all the major industry trends, market dynamics and competitive scenario.

The Global Carbon Capture and Storage Consumption Industry Report 2016 is an in depth study analyzing the current state of the Global Carbon Capture and Storage Consumption market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Global Carbon Capture and Storage Consumption market provides analysis of China market covering the industry trends, recent developments in the market and competitive landscape. Competitive analysis includes competitive information of leading players in China market, their company profiles, product portfolio, capacity, production, and company financials. In addition, report also provides upstream raw material analysis and downstream demand analysis along with the key development trends and sales channel analysis. Research study on Global Carbon Capture and Storage Consumption market also discusses the opportunity areas for investors.

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With153 tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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Table of Contents
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Wind turbine casting – review 2015/2016 & outlook to 2020

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A new market research report by Transparency Market Research, titled “Wind Turbine Casting Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 – 2020,” includes a comprehensive evaluation of the market and includes the definition, applications, classifications, and industry chain structure of wind turbine casting. The report also provides highlights on the development of the major regions, development trends, and the competitive landscape of the market.

The key technological advancements bound to take place in the wind turbine casting market and their impact on the growth of the market have also been outlined. Data about the production, product price, capacity, demand, supply, industry growth rate, and capacity utilization within the major regional markets for wind turbine casting has also been included under this research study.

As stated in the report, the rising utilization of renewable energy and the expanding wind energy industry are majorly fuelling the growth of the wind turbine casting market. In addition, the increasing technological innovation in wind turbines across the world is also propelling the growth of the market. The increasing number of measures taken for energy security and the rising focus on green energy have encouraged nations to implement wind energy technology. The rising potential of wind energy for power generation due to its easy availability is poised to further augment the demand for wind energy.

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Wind turbines are easily installed in comparison to other renewable modes of power generation. Thus, the expanding presence of developing nations in the wind power generation mix will fuel the development of the market for wind turbine casting. Furthermore, the reduction in the costs of wind turbines has also resulted in an increased demand for wind turbines, driving the growth of the market for wind turbine casting. On the other hand, as per the report, the inadequate supply chain is poised to impede the growth of the market for wind turbine casting in the coming years. In order to overcome this problem, a number of industry players are continuously innovating and developing new products.

In terms of geography, the report segments the market into Asia Pacific, North America, Europe, and Rest of the World (RoW). Amongst these, the Asia Pacific wind turbine casting market is expected to play a major role in the development of the global wind turbine casting market. China stands as a global leader, with the highest count of installations of wind turbines. The increasing investments in wind power technologies in nations such as India, the U.S., the UK, France, Spain, Germany, and China, among others, are predicted to boost the overall growth of the market for wind turbine casting.

According to the report, the major players operating in the market are Patel Alloys, Ningbo Riyue Seforge, Wuxi Qiaolin, and Vestas, among others.

Research Report: http://www.transparencymarketresearch.com/wind-turbine-casting-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Research and development of novel photovoltaic materials to open new growth avenues for solar cell films market

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The global market for solar cell films, the market covering the variety of photovoltaic materials that trap sunlight and thus form the heart of a photovoltaic cell, had a valuation of US$9,393.78 mn in 2014, according to a recent market intelligence report by Transparency Market Research. The report states that the market will expand at a favorable 9.4% CAGR from 2015 to 2023, and rise to US$20,995.66 mn by 2023.

The favorable growth prospects of the market are attributed to the rising awareness of the benefits of solar power to mankind and the environment, the rapid reduction in prices of solar cells – a factor that has made consumers in developing parts of the globe more receptive about solar power generation technologies – and the rising intervention of government bodies through funds and incentives for research and product development efforts.

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An Ample Array of Solar Cell Films at Market’s Disposal Already; Many New Promising Innovations Developing Fast

Though solar cells have been around for a long time, it is in the recent past that this field of power generation has received an increased focus and a tremendous rise in research and development efforts aimed at improving the overall efficiency of solar cells. Being the core component of any solar cell, it is no surprise that most of the research efforts are focused on the development of novel and more efficient photovoltaic materials. It is owing to these efforts that the solar power industry can now boast of some excellent photovoltaic materials that are in regular use.

Breakthrough developments have also been seen in the research world, and though the new materials developed are yet to prove their mettle in actual use, efforts to use them in commercial products are developing fast and shall hit the market soon. Until then, the highly-flourishing solar power industry will continue to use the materials that it has at its disposal, some of the most prominent of which are:

  • Crystalline Silicon (c-Si): Crystalline silicon is currently the most commonly used photovoltaic material in solar cells, primarily because it is stable, delivers solar-power-to-electricity conversion efficiency of 15-25%, and it has proven to be highly reliable over the course of its usage in solar PV cells. However, as the material is a poor absorber of light, its film in a solar PV cell needs to be fairly rigid and thick.
  • Amorphous Silicon (a-Si): Silicon in its amorphous form was used in the first thin-film solar cells that were ever made in the market. The material helps in making solar PV cells cheaper, light-weight, and flexible for a variety of applications. However, it ends up lowering efficiency levels and increases production costs.
  • Copper Indium Gallium Deselenide (CIS or CIGS): CIGS is another prominent material used in thin-film solar cells. Although the material is not as efficient as silicon, the relatively cheaper core materials and ability to be applied to flexible substrates has made CIGS a hit in the thin-film solar PV market.
  • Cadmium Telluride (CdTe): One of the most commonly used materials in thin-film solar cells, cadmium telluride demonstrates longer life span and higher efficiency, but has issues such as the highly toxic nature of cadmium and the limited availability of tellurium. Cadmium telluride solar cell films are currently used in solar cells encapsulated in glass, which seals the cadmium in the case of a fire.

Other than these, the global solar cell films market has also witnessed the emergence of photovoltaic materials such as perovskite which essentially refers to a particular mineral crystal structure, a variety of photosensitive dyes, and several other novel materials that are still in the developmental stages, but will soon see practical uses in a number of products in the near future.

Research Report:http://www.transparencymarketresearch.com/solar-cell-films-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Home energy management systems (HEMS) market to grow at exponential CAGR of 25% till 2019 due to rising demand for energy conservation

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Still in the initial stage of development, the global home energy management systems market is making great efforts to match the soaring demand for better management of home energy on account of the rising cost of electricity. The variable pricing schemes offered for electricity distribution are promoting customers to manage the consumption of electricity by reducing the utilization of electricity during peak hours, thereby compelling them to install home energy management systems at their places. However, the complexity and high cost associated with the installation is limiting the growth of the global home energy management systems market. The lack of awareness regarding home energy management systems is also negatively impacting the growth of the market.

Control Devices and Wi-Fi Losing Ground to Enabling Technology and ZigBee

By functionality, the global home energy management systems market is classified into user interface, control devices, and enabling technologies. In 2012, the market for control devices, including power strips, home lighting systems, thermostats, and home automation systems held the biggest home energy management systems market among all the functionality-based segments.

On the contrary, analysts at Transparency market Research expect the market for enabling technologies, consisting of sensory technologies, home area network technologies, and others that provide better connectivity and energy management, to supersede the control devices market at a CAGR of 26.3% between 2013 and 2019 and become the dominant segment of the global market by 2019.

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Based on technology, ZigBee, WI-Fi, Z-Wave, HomePlug, and others such as insteon, enocean, wavenis, and ethernet are the major segments of the global market for home energy management systems. Wi-Fi technology was the dominant segment in 2012, occupying around 25.1% of the global home energy management systems market.

On the other hand, ZigBee is expected to report the fastest growth rate in the near future. It is also estimated to become the biggest technology provider in the home energy management systems market, surpassing Wi-Fi technology by 2019. The rising demand for ZigBee-based home energy management systems from the U.S. and Europe coupled with interference tolerance, scalability, and high compatibility with various home area network devices of this technology is the basis of the growth of the ZigBee market.

Home Energy Management Systems Market in Europe to Report Fastest Growth

The global market for home energy management systems is largely distributed among the regional markets in North America, Europe, Asia Pacific, and the Rest of the World. North America accounted for the largest share in the global home energy management systems market in 2012. It was followed by the markets in Europe and Asia Pacific.

The European home energy management systems market is reported to be the fastest growing market, developing at a CAGR of 26.2% between 2013 and 2019. The projected installation of smart meters by 2019, together with supportive government regulations encouraging maximum usage of home energy management systems are the key factors fueling this regional market. However, in Asia Pacific and the Rest of the World, the energy generated is heavily subsidized, owing to which the residents are not much interested in investing in home energy management systems. Hence, the scope for growth of the home energy management systems market in these regions is very low.

The global home energy management systems market is highly competitive with major players such as Panasonic Corp., Cisco Systems Inc., Sharp Corp., General Electric Co., Honeywell International, Inc., Intel Corp., Schneider Electric SA, AlertMe.Com Ltd., Freescale Semiconductor Inc., and Vivint Inc. taking up significant shares.

On the whole, the global home energy management systems market is expected to show a healthy growth at a CAGR of 25.0% during the period from 2013 to 2019 to reach an estimated value of US$1,909.4 million by 2019.

Research Report: http://www.transparencymarketresearch.com/home-energy-management-systems.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

sales@transparencymarketresearch.com

http://www.transparencymarketresearch.com/

Alarming pace of climate change driving global carbon capturing and storage technology market

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Carbon capturing and storage technology – or carbon capture sequestration as it is commonly called – is a physical process that includes the capturing of manmade carbon dioxide at its source and storing it in an efficient manner before it is released into the atmosphere. The carbon dioxide captured is converted into a concentrated steam for easy storage and transportation.

Some of the key factors driving the carbon capturing and storage technology market are growing climatic concerns, implementation of strict government policies, the availability of advanced technologies for proper storage, and the rise in investments for environmental conservation. In contrast, economic and operational challenges threaten to hamper the growth of the global market.

Transparency Market Research in a report, titled “Carbon Capturing & Storage Technology Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” states that the global market for carbon capturing and storage technology is poised to witness strong growth in the coming years, single-handedly driven by the excessive carbon emissions present in the atmosphere.

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On the basis of technology, the market for carbon capturing and storage technology is categorized into carbon capture, carbon storage, and carbon transportation. The segment of carbon capture is further broken down to pre-combustion capture, oxyfuel combustion, and post-combustion capture.

The global market for carbon capturing and storage technology is geographically segmented into Europe, Asia Pacific, North America, and Rest of the World. Europe is anticipated to be the largest market for carbon capturing and storage technology by the end of the forecast period owing to the strict emission standards and the various energy portfolio strategies adopted by different countries in the European Union. Substantial investments by countries such as the UK, Norway, and the Netherlands in carbon capturing and storage technologies is another factor driving the Europe market. North America is also anticipated to emerge as a strong contender in the global carbon capturing and storage technology market by 2023 thanks to several planned investments for the large scale deployment of this technology. Asia Pacific is a lucrative market for carbon capturing and storage technology and players in this region are projected to make significant investments in this field.

One of the most interesting features of the report on the global carbon capturing and storage technology market is its assessment of its vendor landscape. The prominent players are identified and profiled in the report based on aspects such as company overview, business strategies, financial status, and recent developments. Fluor, Hitachi, Shell Cansolv, Vattenfall AB, Schlumberger, Linde AG, Alstom, Aker Clean Carbon AS, Mitsubishi Heavy Industries, Siemens, and Honeywell’s Uop are some of the leading companies operating in the carbon capturing and storage technology market. A SWOT analysis of these players reveals their strengths, weaknesses, opportunities, and threats.

Research Report:http://www.transparencymarketresearch.com/carbon-capturing-storage-technology-market-report.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

sales@transparencymarketresearch.com

http://www.transparencymarketresearch.com/

Need for alternative sources of energy drives global advanced materials and devices for renewable energy market

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Transparency Market Research offers a detailed analysis of the global advanced materials and devices for renewable energy market in a new research report. The research report, titled “Advanced Materials and Devices for Renewable Energy Market – Global Industry Size, Share, Trends, Analysis and Forecasts 2018,” ascertains the threat of substitute products or services, the threat of new entrants, the intensity of competitive rivalry, the bargaining power of suppliers, and the bargaining power of customers with the help of Porter’s five forces analysis. Additionally, it also uses SWOT analysis to identify the strengths, weaknesses, opportunities, and threats influencing the segments of the global advanced materials and devices for renewable energy market.

The global advanced materials and devices for renewable energy market has been segmented into solar photovoltaic, solar thermal collectors, small hydropower, wind energy, geothermal energy, and ocean energy. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.

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In the present market scenario, solar photovoltaic materials and devices hold the largest share in the North America regional market. However, analysts predict that wind energy will emerge as the leading segment of the overall advanced materials and devices for renewable energy market due to its improved efficiency and cost-effectiveness. As the pressure of climate change builds, initiatives are being taken to use alternative sources of energy for producing electricity, thereby propelling the solar cell materials and devices market.

Research indicates that adoption of solar cells has gone up rapidly in the past few years, making them the fastest growing segment of this market. The wind energy segment is also picking up pace as countries are looking at it as a viable source of electricity. Furthermore, the declining costs of advanced materials and devices used for renewable energy generation due to technological advancements will also propel this market.

Some of the important players in the global advanced materials and devices for renewable energy market are Conergy AG Daystar Technologies Inc., Antec Solar Energy Ag, The Boeing Company, BP Solar International LLC, Dow Corning Corp., Evergreen Solar, First Solar LLC, G24 Innovations Ltd., Konarka Technologies Inc., JX Crystals, Marine Current Turbines Ltd., Kyocera Solar Inc., Nanosolar Inc., and Panasonic Electric Works Ltd. The research report offers an objective outlook of the competitive landscape of the global advanced materials and devices for renewable energy market. Furthermore, the report also explains the financial overview, research and development activities, investment outlook, business and marketing strategies, expansion plans, and joint ventures of these top players in the near future.

Research Report:http://www.transparencymarketresearch.com/advanced-materials-devices-renewable-energy-market.html

 

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

sales@transparencymarketresearch.com

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Advanced Insulation awarded Queens Award for International Trade

Advanced Insulation staff are today celebrating a Queen’s Award for International Trade, presented on Her Majesty the Queen’s 90th birthday.

The Queen’s Award for Enterprise for International Trade was in recognition of achieving a significant rise in turnover from £20m in 2013 to over £54m in 2015. The growth of the company has been aided by the establishment of manufacturing units in Korea, Kazakhstan, United Arab Emirates and expansion into Brazil and Angola as well as acquiring additional manufacturing facilities in the UK at Plymouth and Nottingham to add to the existing Gloucester headquarters and Leeds production site. The company growth has benefited local economies through investment in facilities and increasing the level of employment.  A strong network of worldwide representation enables Advanced Insulation to solve both company and industry local engineering challenges and enables new product development to meet specific regional project needs.

Commenting for Advanced Insulation, Managing Director Andrew Bennion says: “Winning a Queen’s Award for Enterprise for the third time in four years is a huge honour for Advanced Insulation. We are extremely proud of the award and pleased that the company as a whole is recognised in such a way. A real tribute to the hard work and dedication of all of our staff around the World.”

The Awards were inaugurated in 1966 as The Queen’s Award to Industry. It has since been renamed as The Queen’s Awards for Enterprise and divided into three categories: International Trade, Innovation and Sustainable Development. In 2012 Advanced Insulation was awarded the award for International Trade and in 2013, the award for Innovation. Now as part of Her Majesty The Queen’s 90th birthday celebrations, Advanced Insulation is delighted to be awarded the 2015 Queen’s Award for International Trade

For more information please visit: http://www.aisplc.com

 

Smart solar industry – emergence of advanced technologies & latest insights 2016 – 2023

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Growing energy demand of developed as well as developing regions is a serious cause of concern worldwide. The conventional energy sources such as oil, natural gas and petroleum products will deplete sooner or later. This has led to initiatives of conservation of energy resources and discovery of new alternate energy sources. The near future will witness more and more adoption of renewable and alternate sources of energy. Various alternate energy sources such as wind, tidal, solar and nuclear have been applied in recent years. Solar energy is one the most abundant energy source available on earth. Various energy needs can be fulfilled with applications of solar power and solar energy systems. Smart Solar technology is a result of similar kind of innovation and research. Smart solar technology is built upon existing solar power systems and it functions in sync with the current system. This technology helps to insert ‘smartness’ in existing solar energy systems.

Smart grids improve operational activities of individual devices and solar installations. Smart solar systems assist in reduction of maintenance costs, stability of grid supply, optimization of performance and appropriate computing of distribution system. There is high demand for energy management and demand driven smart solutions as it prevents wastage and makes optimum use of available energy in a smart manner. This demand for smart solar power solutions is prevalent across all verticals and industries. The smart solar industry is constantly expanding vertically and horizontally. There have been ground breaking innovations in components, solutions, services and applications across all the verticals of smart solar system.

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Global smart solar market can be segmented on the basis of smart solar solutions, smart solar services, smart solar components, smart solar applications and geographic location of smart solar system installations. The major components of smart solar system consist of smart metering devices, smart grids, supervisory control and data acquisition (SCADA) systems, radio frequency identification (RFID) and some others. These components assist in the processes of automated meter reading, energy monitoring as well as managing and analyzing energy production and consumption. Smart solar application is used for heating, cooling, producing steam, electricity and various other industrial, commercial and residential purposes.

Various sectors such as healthcare, construction, transportation, agriculture, public utilities and many others have applied smart solar technology. The application of smart solar technology has also extended to various new verticals such as utility, government and public affairs, water treatment, education, logistics and distribution. Services such as consulting, construction, installation and management are offered for smart solar systems. Smart solar technology is widely adopted in regions such as North America, South and Central America, Europe, Middle East, Africa and Asia Pacific. The U.S.A, Spain, South Africa, Egypt, Iran, India and China are some of the nations which have largest initiatives for solar energy technology and smart solar systems. Asia Pacific and North America regions have a high potential growth for smart solar market.

Today’s global smart solar market is worth more than USD 7 billion and expected to grow around USD 16 billion till 2018. The introduction of improved technology is increasing the adoption of smart solar components, solutions and services across various verticals. There is a common objective of energy preservation, green energy adoption and pollution control on a global scale. These common intentions and concerns are increasing usage of smart solar technology as well as a shift to traditional solar energy systems as a whole. Rising electricity bills, positive social implications and environmental concerns coupled with latest technology and innovations are the driving factors for the fast adoption of smart solar systems on a global scale. In addition, cost controlling and investments by solar industry members are expected to boost global smart solar market growth in future. Although, high initial capital cost, product instability, inefficiency and lack of awareness could pose a threat to smart solar industry. The solar sector has been developing in recent years. Even the economies of nations are increasing rapidly which could offer new opportunities for smart solar industry. The smart solar global industry outlook is looking positive for upcoming years.

Some of the major players operating in smart solar industry are involved in smart solar products, solutions as well as consulting and management services. Some of the important players are ABB Schweiz AG, BPL Global Ltd., Echelon Inc., HCL Technologies Ltd., Itron Inc., Schneider Electric Inc., and SunPower Inc. Some other prominent players in smart solar industry are Silver Spring Networks Inc., Trilliant Holdings, Inc. and Urban Green Energy Inc.

Research Report:http://www.transparencymarketresearch.com/smart-solar-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

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http://www.transparencymarketresearch.com/

Onshore wind energy industry to expand at 29.6% CAGR by 2020, driven by rising demand for clean energy sources

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A recent market research report recently published by Transparency Market Research (TMR) presents a detailed overview of the global onshore wind energy market. As the issue of global warming and the environmental degradation owing to the escalating emissions by the conventional power generation industry becomes increasingly critical, the demand for cleaner energy sources and production methods is anticipated to rise on the global front. Wind energy, one of the most popular and most widely adopted forms of clean energy sources currently harnessed by the mankind, is acquiring an increasingly larger share in the global energy mix.

For ease of analysis, the global market has been segmented into five regions and 36 countries. On the basis of regions, the market is segmented into Asia Pacific, North America, South & Central America, Europe, and the Middle East & Africa. Onshore wind energy installations across 36 countries in these five regions are also closely examined so as to give readers a better idea of the market on a much finer level of segmentation.

Regionally, Asia Pacific is currently the leading investor in the global market, with India and China emerging as the market leaders in the past few years. Governments are encouraging the use of wind energy through subsidies and financial incentives for installation. They also have set ambitious renewable energy installation targets. These are the key factors that are currently driving the increased adoption of onshore wind energy in Asia Pacific. China is the global leader in terms of wind energy market, with installation of over 16030 MW in 2013.

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The report published by TMR states that the global onshore wind energy market will expand at an impressive 29.6% CAGR over the period between 2014 and 2020. At this pace, the market, which had a valuation of US$89.3 bn in 2013, will rise to US$898.0 bn by 2020.The report is titled “Onshore Wind Energy Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”

The report also presents a detailed analysis of the competitive landscape of the global onshore wind energy market. The report presents detailed business profiles of some of the key companies in the market, a detailed SWOT analysis of each of these companies, details regarding financial and business strategies adopted by  these businesses in the past years, and recent developments in the market.

The report places a primary focus on the developers of wind turbines in the competitive landscape as they form a crucial part of the onshore wind energy market’s value chain. Forecasts and projections about turbine costs are also given in the report and have been considered for calculating revenue figures. Details about share of these manufacturers in the overall market have also been included in the report, which have been gathered with respect to turbine capacities supplied by these manufacturers in the global market in 2013.

Some of the key companies in the global onshore wind energy market are Goldwind Science and Technology Co., Ltd., Nordex SE, Sinovel Wind Group Co., Ltd., Gamesa Corporacion Tecnologica SA, Vestas Wind Systems A/S, China Ming Yang Wind Power Group Limited, Enercon GmbH, Dongfang Electric Corporation Limited, GE Wind Energy, and Siemens Wind Power.

Research Report:http://www.transparencymarketresearch.com/wind-energy-wind-turbine-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Transparency Market Research

Mr. Sudip S, +1-518-618-1030

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Wind turbine maintenance – industry survey and new business opportunities 2023

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In the recent years wind farms have become one of the key sources of power generation globally due to growing awareness and stringent governmental regulations. Wind turbines are the vital components of wind farms that aids in power generation thereby converting kinetic energy of wind to electrical energy. Therefore, the reliability of wind turbine system is one of the major factors playing a crucial role in the success of wind energy projects. Poor reliability of turbines can affect directly to project’s revenue and can reduce the availability to generate power due to turbine downtime. Poor reliability can also lead to increased operational and maintenance cost of the project. Therefore, wind turbine maintenance is an essential tool to increase the profitability and life time of the project. Globally, huge investments are taking place in the renewable energy projects, for both onshore and offshore, this is turning out to be one of the major factors fuelling the demand for wind turbine maintenance service sector. Maintenance cost of wind turbines accounts for approximately 20% of total project’s cost that holds the interest of major service industries into this sector.

Different types of cost constituted in wind turbine maintenance market are insurance cost, regular maintenance cost, repair cost, spare part cost and administration cost. Some of these cost components can be approximated relatively at ease. For regular maintenance and insurance cost, it is possible for a company to obtain a contract covering all considerable share of total lifetime of wind turbines. Whereas, it is difficult to estimate the spare part and repairing cost of the wind turbines. The wind turbine maintenance is one of the key requirements for the successful implementation of wind power generation project. Reduction of maintenance cost can lead a project towards profitability that is possible by some planning such as development of logistics plan, identification of opportunity for redundancy, improvement in training and maintainability and implementation of condition monitoring (SCADA).

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China is the one of the world’s largest market for wind power generation with the capacity of 100 GW of wind energy that has nearly 65,000 wind turbines installed. China has planned for enhancing the power generation capacity by adding approximately 30 more wind turbines by 2017. Therefore, this is expected to bolster the demand of wind turbine maintenance services in China. Additionally, India, Australia and Japan are few countries that are expected to be one of the lucrative opportunities owing to new projects in the coming four to five years. Wind turbine maintenance market is probable to grow rapidly over the forecast period. Regionally, Europe is the key region in wind power generation that includes Germany, Spain and the U.K. as prominent with significant opportunities and strong government supportive schemes. Denmark, France, Italy, Portugal and Sweden are the countries with potential aspirations in wind power generation that is substantiated by increased demand for wind turbine maintenance services. South America, Middle East and Africa are lagging in wind energy projects due to the adequate availability of other resources for power generation; however, Brazil is expected to witness probable demand owing to the growing demand for electricity in the region. The U.S. leads North American wind power generation and is one of the largest wind turbine maintenance service providers.

The growth in the number of wind farms for power generation is a prominent driving factor for wind turbine maintenance market. Increasing governmental regulation for environmental benefit is anticipated to augment the development of new wind farms that is expected to flourish wind turbine maintenance market in strategic locations. Turbine maintenance adds some cost to the total wind power generation project expenses that leads to the negligence of maintenance process sometimes. However, increasing awareness of the complete process requirement, many companies are investing in the maintenance of the wind turbines. Some new projects coming up in the strategic locations shall turn out to be potential opportunities for wind turbine maintenance market.

Some of the major service provider companies are DNV GL AS., Upwind Solutions, Aeronautica WindPower, EcoEnergy LLC, Baywinds, Invenergy and Orion International Consulting Group, LLC.

Research Report: http://www.transparencymarketresearch.com/wind-turbine-maintenance-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

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http://www.transparencymarketresearch.com/

Renewable energy certificates – what their role in companies of renewable energy sector?

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Renewable energy certificates (REC), are used in international trade of renewable energy for stimulating development in renewable energy sector. REC are also known by other name such as green certificates, renewable certificates, green tags, and tradable renewable certificates. These certificates are traded in the international market. The basic aim behind these certificates is to promote development of renewable energy sources and thus enabling the market creation for renewable energy. As soon as the electricity provider has fed electricity into the grid, they get a renewable energy certificate that can be sold in international market as a tradable commodity. This certificate is an evidence that 1 megawatt-hour of power was generated from a renewable energy source.

Production of green energy or renewable energy costs more and these energy certificates provides an additional income to the energy providers. An equivalent numbers of REC’s is produced for every unit of electricity generated. These certificates helps to replace fossil fuel based power generation in places where renewable electricity generator is located. Purchase of renewable certificates offsets conventional energy generation and the buyer receives a separate electricity bill for the utility.

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Renewable energy creates electricity that is delivered through vast network of transmission wires. These transmission wires or grid is segmented into regional power pools and many times they are not properly inter connected. For the sale of renewable electricity a system or body was created which separates renewable electricity generation into two parts mainly the electricity produced by renewable energy and renewable attributes of that electricity generation. These attributes are sold as REC’s in the international market. No certificates would be granted for the electricity part of the split as it no longer considered renewable or green energy. Several environmental organizations claims that there is no ecological benefits by the certification method currently used as the demand for certificates does not exceed the overall supply of renewable electricity. International drivers for REC’s are global warming issues related to burning of fossil fuels.

Renewable energy certificates are categorized on the types of renewable energy produced like solar energy, biomass energy, wind energy, hydroelectric energy, geothermal energy and the certificate marketers worldwide. Various tax benefits and rebates are provided for renewable energy based power generation.

Developing economies such as Asia and Africa has huge requirements for electricity due to rapid industrialization and population growth. Various infrastructure development activities requires power as a basic need and these certificates can minimize the gap through the use of green energy sources. China is the leader in renewable energy investments followed by U.S. Denmark and UK is deriving its major power requirements through wing energy. Renewable energy is the biggest contributor to Germany’s electricity supply. Scotland and Ireland is also focusing on green energy electricity generation. Developed economies are favoring green energy to minimize carbon footprints and global warming issues. Asia and Africa is the biggest market to trade REC’s for their massive power requirements.

List of marketers involved in renewable energy certificates such as 3Degrees, 3 Phases Renewables, Arcadia Power, Carbon Solutions Group, Community Energy, NuPath Energy, Santee Cooper, Sky Energy, Inc., EDP Renewables, Mass Energy Consumers Alliance, Renewable Choice Energy, Bonneville Environmental Foundation, REpowerNow, North American Power, GP Renewables & Trading LLC, Windcurrent and others.

Research Report:http://www.transparencymarketresearch.com/renewable-energy-certificates-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Transparency Market Research

Mr. Sudip S, +1-518-618-1030

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Green and bio-based solvents market driven by increasing awareness of environmental benefits of biological substances

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Green and bio-based solvents are biological substances manufactured using corn, beet root, sugars, and others. Due to their bio-based composition, these products are safe and effective replacements of solvents made from crude oil. Bio-based solvents exhibit favorable properties, such as low toxicity, higher boiling point, low miscibility, less odor, and easy recyclability, that petroleum-based solvents do not possess. Petroleum-based solvents also release high amounts of volatile organic compounds (VOC) during their manufacturing, which has environmental implications.

Downstream Industrial Applications Exhibit Rising Demand for Bio-based Solvents

The growth of the green and bio-based solvents market is fueled by several factors, such as the increasing demand for bio-based solvents in various downstream industries, predominantly in developed regions. Green and bio-based solvents are utilized in several applications such as paints and coatings, commercial and domestic cleaning, printing inks, pharmaceuticals, cosmetics, and adhesives and sealants.

However, high feedstock prices and the complex manufacturing process of these solvents are slowing the growth of the green and bio-based solvents market. Nevertheless, the increasing demand for green and bio-based solvents in pharmaceuticals, cosmetics, and adhesives and sealants due to the environmental implications of their synthetic counterparts will proffer opportunities to this market in the years to come.

The global green and bio-based solvents market stood at US$4.3 bn in 2014. Expanding at a CAGR of 7.2% from 2015 to 2023, this market will reach a valuation of more than US$8 bn by 2023.

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Commercialization of Bio-based Solvents Benefits Green and Bio-based Solvents Market

 

Product-wise, in 2014, bio-based ethanol was the largest product segment of the green and bio-based solvents market; this segment held a volume share of more than 45% in the global market. This is mainly due to the substantial commercialization and widespread applications of bio-based ethanol. However, the product segment of methyl soyate will register the fastest growth in the coming years due to rising commercialization and large-scale demand in end-use industries.

By application, paints and coatings dominated the green and bio-based solvents market in 2014, accounting for a share of more than 40% in the global market. Commercial and domestic cleaning will emerge as a significant application segment of this market in the future. In the 2015-2023 period, adhesives and sealants are expected to be the fastest-growing application segment due to the consistently increasing demand for these solvents in automotive and other downstream industries.

Geographically, developed regions will dominate the green and bio-based solvents market in the coming years. Easy availability of raw materials and significant manufacturing expertise in the field of bio-based solvents is the reason for this. In the coming years, North America will dominate the green and bio-based solvents market, followed by Europe. Asia Pacific will also exhibit a substantial demand for green and bio-based solvents in the forthcoming years. Environmental degradation and inconsistent availability of crude-oil-based feedstock due to fluctuating prices are leading to high use of green solvents in Asia Pacific.

Some key players that have a significant presence in the global green and bio-based solvents market are Cargill Inc., BioAmber Inc., Corbion nv, Archer Daniels Midland Company, Elevance Renewable Sciences Inc., Vertec Biosolvents Inc., BioMCN, Galactic, Florida Chemical Company, and Cobalt Technologies.

Research Report:http://www.transparencymarketresearch.com/green-biobased-solvents-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

sales@transparencymarketresearch.com

http://www.transparencymarketresearch.com/

Global environmental health & safety (EHS) market to reach US$8.31 bn by 2024, growing EHS regulations and standards facilitating EHS market’s growth

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According to a new market report published by Transparency Market Research (www.transparencymarketresearch.com) entitled “Environmental Health & Safety (EHS) Market (Software Type: Quality and Risk Assessment Software, Data Analytics Software, Cost Management Software, Environmental Compliance Software, Energy and Carbon Management Software, and Others; Services Type: Consulting, Project Management, Analytics, Training, Implementation, Auditing, Certification) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2024,” the environmental health & safety (EHS) market was worth US$3.0 bn in 2015 and is expected to reach US$8.31 bn by 2024, expanding at a CAGR of 12.0% from 2016 to 2024. North America was the largest market for EHS in 2015. The growth in this region is being driven by the implementation of EHS across a large number of major industry verticals, such as chemicals, oil & gas, construction, and mining.

Geographically, North America is the largest market for EHS and the region is anticipated to dominate the global EHS services and software demand over the forecast period. In 2015, North America held approximately 32% of the global EHS market’s revenue. This dominance can be attributed to the large scale set-up of industrial infrastructure and the growing tendency of companies to invest more and more toward EHS IT software platforms.

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The European region held the second-largest position in the global EHS market in terms of market share. Countries such as the U.K., Finland, the Netherlands, and Belgium have implemented strict regulations to protect the environment, align business operations with public health, and ensure workers’ safety. Due to the implementation of stringent laws and amendments, European countries have witnessed wide-scale EHS deployment in the past few years and the region is expected to maintain its position over the forecast period.

Countries across Asia Pacific are yet to achieve EHS implementation as compared to the U.S., the U.K., and others. Hence, the Asia Pacific EHS market holds the third position in terms of market share, followed by Middle East and Africa and Latin America. However, Asia Pacific is anticipated to be the second-fastest-growing EHS market globally.

Major factors hindering market growth in Latin America and the Middle East and Africa are lack of awareness related to growing environmental concerns and the near-absence of federal agencies operating in the regions to support EHS implementation.

The global EHS market is segmented as follows.

Environmental Health & Safety Market, by Cloud Deployment Type

  • Software as a Service (SaaS)
  • Platform as a Service (PaaS)
  • Infrastructure as a Service (IaaS)

Environmental Health & Safety Market, by Components

  • Software
  • Quality & Risk Assessment
  • Data Analytics
  • Cost Management
  • Environmental Compliance
  • Energy & Carbon Management
  • Others
  • Services
  • Consulting
  • Project Management
  • Analytics
  • Training
  • Implementation
  • Auditing
  • Certification

Environmental Health & Safety Market, by End-use Industry

  • Chemical & Petrochemical
  • Energy & Mining
  • Construction
  • Agriculture
  • Transportation
  • Manufacturing
  • Government & Public Sector
  • Retail
  • Healthcare
  • Others

 

Research Report:http://www.transparencymarketresearch.com/environmental-health-safety-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

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SWOT analysis of North America solar cells and modules industry 2016: Global QY Research

The recently published report titled North America Solar Cells and Modules Industry 2016 Market Research Report is an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of North America Solar Cells and Modules market considering all the major industry trends, market dynamics and competitive scenario.

The North America Solar Cells and Modules Industry Report 2016 is an in depth study analyzing the current state of the North America Solar Cells and Modules market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on North America Solar Cells and Modules market provides analysis of market covering the industry trends, recent developments in the market and competitive landscape. Competitive analysis includes competitive information of leading players in market, their company profiles, product portfolio, capacity, production, and company financials. In addition, report also provides upstream raw material analysis and downstream demand analysis along with the key development trends and sales channel analysis. Research study on North America Solar Cells and Modules market also discusses the opportunity areas for investors.

View Report at http://globalqyresearch.com/north-america-solar-cells-and-modules-industry-2016

With 153 tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Reasons to Buy this Report

The research report will enrich your decision-making capability by helping you to –
Design and improve your product development and sales strategies and enhancing your marketing activities
Develop business strategies by understanding the market dynamics and developments driving the North America Solar Cells and Modules market
Develop market-entry strategies and effective ways to sustain competition
Create merger and acquisition opportunities by identifying the market players with the most innovative pipelines
Identify the regional market potential which would further help in designing regional market strategies
Understand the competitive scenario in the North America Solar Cells and Modules market
Take more informed business decisions by relying on the insightful opinions from industry experts

Download Sample Copy of this Report at http://globalqyresearch.com/download-sample/44830

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