News Archive for Renewable News, Reports

(WTE) Waste to energy market size over $33bn by 2023: Global Market Insights Inc.

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(WTE) Waste to Energy Market size was 20.86 billion in 2015, as per the latest research report by Global Market Insights, Inc. Strong focus by regional government to adopt municipal solid waste (MSW) disposable techniques and treatments should drive global waste to energy market growth.

Thermal based waste to energy technology occupied a significant chunk of revenue, which may surpass USD 29 billion by 2023 with moderate gains. Incineration process based on thermal technology was widely employed across major WTE units. Alternative thermal technologies, pyrolysis, gasification and plasma arc gasification, are relatively new process for WTE application and have limited installations globally. These alternative thermal technologies can contribute towards lowering carbon emissions but attract high initial investments costs.

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Europe waste to energy market size, with major operating plants in Germany, France and UK, dominated the regional industry and occupied over 47% of the total revenue share in 2015. Modernization of WTE plants in order to replace ageing equipments may favor growth in Europe market.

Stringent standards by European government to curb GHG emissions from landfills may also favor waste to energy market size. Rise in power generation owing to rapid industrialization coupled with renewable energy targets set by regional government owing to curb GHG emissions may favor WTE market growth. The Renewable Energy Directive (RED) from EU has set a binding target to use 20% of energy derived from renewable sources by 2020. The U.S. DOE recognizes WTE as renewable source of energy and includes for progress tracking towards achieving Federal Government goal to derive power from renewable sources.

Browse key industry insights spread across 85  pages with 90 market data tables & 13 figures from the report, “ Waste to Energy (WTE) Market Size By Technology (Biological, Thermal), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Sweden, China, India, Japan, South Korea, South Africa, Qatar), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/waste-to-energy-wte-market

China, India, Indonesia and Brazil are expected to generate significant amount of MSW over the forecast period. Government of these regions are considering investments to improve MSW collection and treating techniques and are funding projects based on Public Private Partnerships (PPP). High capital investments for plant commissioning along with component installation may hinder waste to energy market size and restrict participation of new entrants. Lack of technology awareness to generate energy from waste may affect industry growth prospects.


Key insights from the report include:

  • Global waste to energy market size is forecast to gain at 6.1% CAGR up to 2023 and generate USD 33.46 billion.
  • North America, led by the U.S. waste to energy market share, may witness moderate gains at over 5.5% CAGR up to 2023. North America MSW collection industry is well developed with most of the MSW collected and sent for disposal, recycling or treatment.
  • APAC, led by Japan and China waste to energy market size, may grow at significant rates up to 2023 and register over USD 12 billion by 2023. China thermal based technology is set to grow at over 7.2% CAGR up to 2023. Rising investments to build WTE plants to minimize MSW generation may help to drive demand.
  • Europe biological technology may witness significant gains over the next several years. Biological technology in Germany may witness grow rates at over 5.8% CAGR and register above USD 625 million by 2023.
  • LATAM, led by Mexico and Brazil, is forecast to attain above average growth rates at over 6.3% CAGR up to 2023 owing to measures adopted by regional government for WTE plant commissioning for MSW management.
  • Global waste to energy market share is competitive. Key companies include Wheelabrator Technologies, Covanta, Hitachi Zosen and Keppel Seghers. Some companies present across value chain provide integrated MSW services right from waste collection to disposal or treatment.

 

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About Global Market Insights

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Source: Global Market Insights, Inc.

Growth of silicon metal market rides on large-scale installation of solar panels; latest industry insights 2016 – 2024

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The oligopolistic market for silicon metal might have to battle quite a few challenges in the coming years, including high entry barriers, high production cost, and market volatility, but it receives strong support in the form of government regulations and policies. Backed by this, there has been large-scale deployment of solar panels across various developed and developing countries, furthering the demand for silicon metal.

Registering a 5.2% CAGR from 2016 to 2024, the opportunity in the global silicon metals is projected to be worth US$3.4 bn by the end of the forecast period. Transparency Market Research predicts that the increasing economic growth of several emerging economies is sure to bring the silicon metal market steady demand over the years.

Favorable Properties of Silicon Metal Spurring Demand from Various End Uses

Silicon metals find application in silicones and silanes, solar panels, aluminum alloys, laboratory reagents, and stainless steel, among others. The use of silicon metal in aluminum alloys is the highest and this segment of the overall silicon metal market held a share of over 40% in 2015 in terms of volume. Introducing silicon in aluminum alloys improves the latter’s properties of thermal conductivity, machinability, castability, and corrosion resistance. The demand for silicon metals to be used in silanes/silicones has also been significant over the years. This can be attributed to the application of silicones in the manufacturing of various chemicals and materials used in personal care products, building and construction, electronics, plastics, and textiles.

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The use of silicon metal in semiconductors is projected to surge at the most rapid pace from 2016 to 2024. The favorable properties of silicon, such as low processing and extraction costs, reduced temperature susceptibility, easy doping, and low current leakage, make it the most preferred metal for the production of semiconductors.

Rapid Growth of Building and Construction Sector Boosts Silicon Metal Demand in APAC

The global market for silicon metal comprises North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific dominates the global market by volume and in 2015, the region held a share of over 40%. It will also be the fastest growing regional market for silicon metal, TMR predicts. The demand for silicon metal in the APAC region is anticipated to augment in the coming years owing to optimistic economic growth, the easy availability of raw materials, and cheap labor and power costs. In addition, there has been a surge in government policies directed at increasing the production of domestic energy by using solar panels. This factor also has the potential to spur the demand for silicon metal in Asia Pacific in the coming years. The rapid growth in the building and construction sector in countries such as India and China is also likely to translate into a high demand for silicon metal, further supporting the expansion of the APAC silicon metal market.

North America is anticipated to witness moderate growth in the coming years owing to the medium demand for silicon metal in aluminum alloys. Latin America, on the other hand, is projected to experience considerable growth over the next eight years thanks to the increasing demand for silicone-based defoamers in the food and beverages industry.

Modest Growth in Store by Value and Volume

The volume demand for silicon metal, as per TMR, is poised to surge at a 4.3% CAGR from 2016 to 2024. On the basis of revenue, however, the market is anticipated to register a slightly faster pace during the forecast period, at a 5.2% CAGR. The value of the silicon metal market is projected to rise from US$2.2 bn in 2015 to US$3.4 bn by 2024. Asia Pacific is the largest market for silicon metal and is forecast to account for a share of over 45% by 2024.

Silicon Metal Market – Application Analysis

  • Aluminum Alloys
  • Silicones/Silanes
  • Semiconductors
  • Solar Panels
  • Others (Including Stainless Steel, Laboratory Reagents, etc.)

Research Report: http://www.transparencymarketresearch.com/silicon-metal-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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Global power rental market – the art of bringing power to all; the market is expected to be worth US$20.64 billion by 2019

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The global power rental market is driven by the rising grid instability due to the aging of conventional grids. Furthermore, the alternating power spikes will also augment the market’s growth. The global power rental market will also benefit from the rising awareness about curtailing the energy demand during peak hours. Other factors that will fuel the global power rental market include the rising preference to renting power instead of buying it.

On the contrary, accelerating environmental concerns, along with limited product differentiation, will suppress the global power rental market. Moreover, the market will be challenged by the rising focus of nations on renewable energy and payment issues in developing and underdeveloped nations. Application-wise, the global power rental market is segmented into peak shaving, standby, and continuous power. The peak shaving market is expected to witness a CAGR of 16.8% during the forecasting horizon. According to end use, the global power rental market is divided into events, industrial, construction, oil, gas, and mining, and government and utilities.

The featured report from Transparency Market Research, titled “Power Rental Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019”, offers a 360-degree view of the market. According to this report, the global power rental market will soar at a 16.2% CAGR during the forecast period from 2013 to 2019. In 2012, the global power rental market was worth US$7.28 billion and by 2019, the market is expected to be worth US$20.64 billion.

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Geography-wise, the global power rental market is segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). In 2012, the Middle East and Africa (MEA) market collectively held more than 31% of the overall power rental market. Saudi Arabia in the MEA power rental market is expected to demonstrate high growth in the coming years. The expanding infrastructure, rising construction activities, and the high demand for electricity in remote areas are together driving the Saudi Arabia power rental market. Generators are either used for prime or standby purposes in Saudi Arabia and are completely dependent on grid connectivity. In the same year, the Asia Pacific power rental market held a share of 19% in the global market. The Asia Pacific power rental market is expected to grow at a CAGR of 16.8% during the forecasting horizon. The rising industrialization and urbanization in Asia Pacific is expected to drive the demand for power rental in this region.

Players in the global power rental market will benefit from the rising applications of power rental in off-grid areas. In addition to this, players will also benefit from the rising demand for power in the Middle East and Africa and the high growth potential of Asia Pacific countries. The key companies operating in the global power rental market are Caterpillar, APR Energy, Aggreko, Atlas Copco, Ashtead Group, Speedy Hire, Rental Power Solutions, Power Electronics, United Rentals, and Worldwide Power Products.

 

Key segments of the Global Power Rental Market

Power Rental Market: Application Analysis

  • Peak Shaving
  • Continuous Power
  • Standby

Power Rental Systems Market: End User Analysis

  • Government and Utilities
  • Oil, Gas and Mining
  • Construction
  • Industrial
  • Events

Power Rental Market: Regional Analysis

  • North America
  • Europe
  • Asia-Pacific
  • Rest of World (RoW)

Browse Research Report: http://www.transparencymarketresearch.com/power-rental-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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Air purification system market – global research report 2016 – 2023

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With increase in air pollution across the globe, people are becoming more concerned about the air they inhale. In order to purify the air present in the surrounding an air purifier is used. It is an appliance which is used to remove the dirt present in the air. Such type of devices are usually manufactured as they are helpful to people suffering from asthma and allergy. Air purifiers also helps in removing tobacco smoke present in the atmosphere. For commercial purposes, air purifiers are developed as large units or stand-alone units that can be easily attached with an HVAC unit or with air handler unit found in commercial and industrial sectors. They are also used in numerous industries to remove any type of impurities such as carbon dioxide from air before processing. Usually, pressure swing adsorption techniques are used to carry out filtration process.

Generally, air purification methods are used to improve the quality of indoor air in home, especially for people suffering from cardiopulmonary ailments. Cooking, candle lighting, and cleaning all contribute pollutants in home. Well-ventilated home has large number of pollutants as they enter with outdoor air. Hospitals also has high application of air purifiers, as air is easily prone to contagions and bacteria. Air purification methods generally rely on electronic ionizers or high efficiency particulate air (HEPA) filters. These filters allow negligible amount of particulates to pass through submicron glass fibers.

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Electronic ionizers removes contaminants from air by changing the polarity of ions from positive to negative. Majority of the negative ions are attracted to the pollutant particles that group together and fall on the ground owing to their increased mass thereby making the air clean and free from any impurities. Electronic ionizer’s works on the same phenomenon as that of outdoor air purification methods caused by waterfalls, ocean waves, lightning, and mountain climates. Ozone is produced as a byproduct in electronic ionizers and thus has a limited application. However, lamps and rock salt candles are a pure form for ionizing.

Ultraviolet germicidal irradiation (UVGI) is also one of the methods to purify air. UVGI is used to purify air that crosses UV lamps through forced air. These type of systems are generally freestanding units equipped with shielded UV lamps. Other type of systems are also installed in forced air systems so that the circulation of air moves micro-organisms through the lamps. Through this sterilization system, micro-organisms are easily removed from the surrounding air.

Generally, methods used for air purification in indoor environments are powerful.TiO2 air purification systems are approved by FDA to be used in hospitals, in order to reduce fungi and airborne bacteria. Air purification lamps coated with titanium irradiate air as it passes through the chamber. Some companies have been using this technology to create special type of TiO2 light bulbs that can be installed anywhere. These companies are promoting TiO2 lamps as an energy-efficient method for the complete removal of smoke, bacteria and airborne pathogens from the surrounding.

Some of the key drivers of the air purification system market are increasing awareness among people and large number of respiratory diseases arising from air pollution. High cost of the air purification systems can hamper the growth of the market. Advancements in technology brings new opportunities for the air purification systems market.

Some of the key companies in the business of air purification systems are CAMFIL INDIA, HealthWay Home Products, Inc., Good Life, Inc., Keller USA, Inc., IQAir North America, Inc., Philips Electronics N.V., Air Filtratation Systems, Ameripure Technologies, Abatement Technologies, Inc., Sentry Air Systems, Inc. and Electrocorp.

Browse Full Research Report: http://www.transparencymarketresearch.com/air-purification-system-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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Solar street lighting – latest industry research report PDF brochure 2016 – 2024

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Transparency Market Research has released a new market report titled “Solar Street Lighting Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2016 – 2024.” According to this report, the global solar street lighting market revenue stood at US$ 2.72 Bn in 2015 and is projected to reach US$ 17.78 Bn by 2024 at a CAGR of 23.23% from 2016 to 2024.

Solar street lighting is one of the best renewable energy based technologies to power street lights both in grid-based and off-grid systems. The component used for solar street light are solar pane, lighting fixture, controller, rechargeable battery, and pole. Due to their dependency on sunlight, the lighting unit needs to be installed in a shadow-free area or a place where direct sunlight is available throughout the day to sufficiently charge the batteries for one working cycle. The standalone solar photovoltaic street lighting system comprises of a re-chargeable lead acid battery for storage, PV (photovoltaic) modules for charging the battery, light source (Compact Fluorescent Lamps (CFL) and Light Emitting Diodes (LED), suitable electronics for the operation of the tamp and safe charging and discharging of the battery and mechanical hardware for fixing these sub systems.

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These lighting systems are available either with automatic dusk to dawn operation or with a pre-set timer. Tubular Batteries provided with the solar street lighting system require lower maintenance; have longer life and give better performance as compared to pasted plate batteries used earlier. The solar photovoltaic modules are reported to have a service life of 15-20 years.

The solar street lights are widely used in residential (car parking, residential buildings, garden lawns and others), commercial (highways, colonies, rural areas and others) and industrial

Current market scenarios have prompted street light manufacturers to look for alternatives that are efficient and provide off-grid power solutions. This gives way to certain drivers that boost the solar street lighting market. One of the most important fundamentals involved with SSL is the fact that they provide a viable solution to street lighting in any terrain, irrespective of whether there is grid connectivity to that location or not. Secondly, they reduce energy load on the economy leading to more fiscal savings for the government as well as the taxpayers. Solar street lights also give the benefit of having negligible maintenance cost, no wiring or transformer costs as well as reduction in carbon footprint.

The Solar street lighting market can be broadly segmented on the basis of types (Standalone and On Grid), applications (Residential, Commercial and Industrial) and lighting source (Compact Fluorescent Lamps (CFL) and Light Emitting Diodes (LED)

Asia Pacific was the largest market for Solar Street Lighting globally, accounting for 44% share in 2015. India was the leader in terms of revenue realization from Solar Street Lighting, followed by China, in 2015. Africa was the second-largest market for solar street lighting in 2015. Kenya, South Africa, Ghana, and Nigeria spearhead the solar street lighting market in Africa with need for clean and reliable source of off-grid electricity. Europe was the third-largest market for solar street lighting, in terms of market share, in 2015. Germany and U.K were the leading countries with highest revenue realization from solar street lighting in 2015. The market in Africa is expected to witness significant growth in the near future and would surpass the growth rate of Asia Pacific market by 2018. This expected growth is the result of numerous initiatives such as subsidies, campaigns, and different programs introduced by the World Bank and International Finance Corporation to promote solar street lighting products.

The market in Africa is expected to expand at the highest CAGR during the forecast period. Government policies, local manufacturing, and demand for clean fuel off grid electricity would drive the demand for solar street lighting in Africa.

Some of the key manufacturers of solar street lighting are Philips Lighting Holding B.V., Omega Solar, Bridgelux, Inc., Dragons Breath Solar, SOKOYO Solar Group, Solektra International, Sunna Design, Urja Global Ltd., VerySol GmbH, Solar Street Lights USA and Sol, Inc

The Solar Street Lighting market has been segmented as follows:

Solar Street Lighting Market: By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America

Solar Street Lighting Market: By Type

  • Standalone
  • On Grid

Solar Street Lighting Market: By Application

  • Residential
  • Commercial
  • Industrial

Solar Street Lighting Market: By Lighting Source

  • Compact Fluorescent Lamps (CFL)
  • Light Emitting Diode (LED)

Browse Industry Research Report: http://www.transparencymarketresearch.com/solar-street-lighting-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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Run of river power market – sustainable power generation solution; global industry analysis by 2023

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A run of river power plant is a small hydro power plant harnessing energy from the river water. This hydropower being renewable in nature, small in size, and dependent upon the natural water flow, seems to be a suitable low-impact alternative to the existing large-scale plants.

A run of river plant produces hydropower from kinetic energy of the natural flow of a river. A small portion of the river is diverted and led to the power house through a channel or penstock. The flowing water rotates the turbine which in turn rotates the generator coupled to it. This plant can produce substantial power provided there is sufficient water flow and its kinetic energy. The kinetic energy of this flowing water can be increased by having a sufficient pitch. Hence a location having such geographical features is suitable for the power plant to operate efficiently.

There are many advantages of a run of river power plant. A dam is required only if the available head is not enough to produce the power demanded. Existing dams can also be used to meet the dam requirement. Since dam is not necessary for such power plant, flood risks are reduced. Thus negative impact on the environment is less. Flowing river water is source of energy which is converted to electricity. It is also environment friendly as it produces no pollution or any particulate matter. It is convenient for use by factories, residential areas and all those whose power requirement is not much. The run of river is an intermittent source of power. The power produced from such plant is suitable only to meet the peak power loads and not base load. Thus its operation and maintenance cost becomes high.

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The market for run of river plants has high prospects of development. In North America run of river projects are expected to perform well due to its high dependency on hydropower in renewable sector. Europe is expected to see gradual development of such market due to its high concern for the environment and less availability the most economically attractive sites. But it is also been seen as an important source of energy security among other energy sources to meet for Europe’s future energy requirement. So development but on limited levels are expected in the forecasted period. China in Asia Pacific is the largest producer of hydropower in the world. Other major countries expected to contribute to renewables through hydropower are India, Australia, Japan, Thailand, Indonesia, and the Philippines. Hence the run of power projects can be beneficial in Asia Pacific too. Brazil is the second largest hydropower producer in the world. Thus the rest of the world provides a high scope of run of river market development

Market segmentation in run off power projects is dependent upon the water- head availability in the river. A run of river with pondage is the one where low head is available throughout the year. A pondage is a storage facility to store the water and can be utilized during dry seasons when water head is very low. In meeting the peak power demands of consumers this stored water can be used. Another type of such power plant is a run of river without a pondage. Due to enough head availability of the water in the river throughout the year.  No storage is required as water availability is enough to produce the required power.

 

Some of the key players in the run off the power market are China Yangtze Power Co. Ltd., Duke Energy, Ontario Power Generation, and Stat Kraft AS.

Browse Research Report:http://www.transparencymarketresearch.com/run-of-river-power-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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Binary cycle to emerge as budding technology in geothermal power generation plants, predicts TMR

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The geothermal power generation market is fragmented with no single company holding a significant market share, finds a new analysis by Transparency Market Research. The key players are currently confined regionally, which is expected to change in the coming years, as they start acquiring the assets abroad and diversify globally. The leading players in the geothermal power generation market are Chevron, Enel Green Power, Ormat Technologies, Inc., and Calpine Corporation. Mannvit is an emerging company in the market, which has established itself as a turnkey solution provider for geothermal project developments.

The shares of state-owned or government companies will remain stagnant or decline in the future as many economies prefer investing in private sectors, suggests TMR. The market is expected to be consolidated in the future due to strategic alliances and mergers by smaller companies with bigger players. This will increase the asset base of the smaller companies, thus enabling them to pursue their desired investments in geothermal projects.

Environmental Benefits to Drive Demand for Geothermal Power Generation

Geothermal power generation plants emit negligible carbon dioxide as compared to conventional power systems driven by coal. The significantly lower greenhouse emissions, reduced emission of other air pollutants, and the minimal use of water makes geothermal power generation plants eco-friendly. Plants using binary cycle technology emit virtually no carbon dioxide and thus form an attractive option for power generation in terms of environmental compliance perspective.

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Geothermal power plants have much lesser land requirements as compared to other power plants, thus driving their demand. They have very high capacity utilization, which means increased power generation. This in turn translates into higher revenue generation, thus propelling the demand for geothermal power plants. Furthermore, geothermal plants have the capacity to operate 24 hours a day, which is another factor encouraging their demand.

Plant Set-up Restricted by Dependence on Areas Having High Underground Temperature

One of the primary restraints, which the global geothermal power plants market face, is the extreme dependence on particular types of locations for the plant set-up. As this form of energy makes use of the heat from the earth’s crust to produce steam, which runs the turbines, it is of utmost importance for the presence of heat resources in the setting up of these plants.

There are very limited areas in the world that have extremely high underground temperatures viable for the set-up of geothermal power generation plants. This makes the Pacific Rim one of the most favorable locations for harnessing geothermal energy. Any major developments in the geothermal power generation market is therefore expected in the regions surrounding the Pacific Rim. This is limiting the growth of the industry in most other regions and thus players need to invest carefully.

Another challenging factor that’s hampering the growth of the market is the risk of running out of steam over a period of time. This magnifies the resource availability constraints and limits the growth of the geothermal power generation market.

Binary Cycle Technology: A Feasible Way of Harnessing Geothermal Energy in Low Heat Content

As stated before, the availability of locations with extreme heat resources is one of the major problems in the harnessing of geothermal energy. The development of a technology that allows for the harnessing of energy even in low quality heat, thus becomes essential. Hence, binary cycle has emerged as a type of technology that can result in efficient energy generation even in low quality resources of heat. Plants making use of this technology, pass the water that gets heated by the earth’s surface through a heat exchanger. Thus, binary cycle plants enable the efficient use of geothermal resources and will open many new doors of opportunities in the market.

APAC Accounts for the Highest Installed Capacity of Geothermal Power Plants

The APAC region has the highest installed capacity in the world, followed by North America. The market in the APAC region is expected to grow at a 7.28% CAGR between 2013 and 2019. The market in the Rest of the World looks promising, states a TMR analyst, owing to capacity additions and likelihood of future investments. The availability of high temperature resources in these areas is also a reason why the market is expected boom in the coming years.

On the basis of technology, the global geothermal power generation market was led by the flash plants segment in 2012. “The flash plants segment will lose their leading position to binary cycle power plants in the coming years,” states the analysts.

The global geothermal power generation market is expected to expand at a stupendous CAGR of 23.58% from 2013 to 2019. The market which was valued at US$2.5 bn in 2013, is expected to be worth US$8.9 bn by 2019, as per TMR.

This information is based on the findings of a report published by Transparency Market Research titled “Geothermal Power Generation Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019.”

The global geothermal power generation market has been segmented as below:

Technology

  • Dry steam
  • Flash steam
  • Binary cycle

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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.

Contact

Transparency Market Research

+1-518-618-1030

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Attractive incentive structure to boost installation of geothermal heat pumps among commercial consumers, TMR says

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The global geothermal heat pumps market has a very moderate scope of realizing product differentiation. Thus, the market players need to compete by employing a cost leadership strategy. Competition in the geothermal heat pump market is currently at a medium level but the competition will become high during the coming years, suggests a new report by Transparency Market Research.

Competition is equally strong among geothermal heat pump manufacturers and the installers. However, large manufacturing companies have the advantage of having access to distribution channels. The key players operating in the market are GeoMaster LLC, WaterFurnace International, Danfoss Heat Pumps U.K., and Florida Heat Pump Manufacturing.

Increasing Prices of Electricity Compel Consumers to Shift to Renewable Heating Solutions

Electricity is largely consumed by residential as well as commercial sectors. LPG is the other most commonly used fuels in homes. The rising prices of electricity and LPG, have thus become a cause of concern. Additionally, the increased greenhouse gas emissions from these energy sources are becoming a global issue. Thus, a rising number of consumers are shifting to renewable heating solutions such as geothermal heat pumps.  The durability of geothermal heat pumps and their stable cost are also driving their adoption.

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Geothermal heat pumps are robust in nature and require negligible maintenance. These systems eliminate the risk of combustion of fuels leading to fumes, unpleasant odors, and flames. The fact that they have moving parts make them all the more resilient and reliable. These benefits of geothermal heat pumps are likely to attract consumers and boost their installments.

Incorrect Estimation of Heat Pump Size and Faulty Installations Can Negate Cost Savings of Consumers

Any error or mismatch in the size of the heat pump installed for a particular sized house can jeopardize the sustainability of the heat pump system and incur huge expenses to the consumer. When the pump installed is incorrectly sized, it is unable to handle the entire load and thus rely on the immersion heater to supply the actual energy load. The high cost thus incurred will negate the savings of the customer, and is expected to be one of the biggest challenges hampering the installation of geothermal heat pumps. Moreover, even an incorrect estimation of insulation of a particular house may lead to various problems, thus making the installation a very sophisticated process, requiring extreme precision.

“The high installation costs of geothermal heat pumps will restrict small residential owners from installing the system,” state a TMR analyst. The actual price of the pump is only a part of the overall expenditure; surveying, siting, installation of ground loops, and various other groundwork activities increase the expenses associated with the pump. Customers, therefore find it an expensive technology and refrain from its adoption.

Commercial Sector to Emerge as Rapidly Growing Market

While many residential owners may hesitate from installing geothermal heat pumps due to high cost of installation, the same is not true for commercial consumers. The commercial sector is most likely to be the fastest growing market for geothermal heat pump market in the coming years, states TMR. This is because, commercial customers are more focused and attracted to the huge accumulated savings that they benefit from, over the years. Further, commercial consumers are eligible for tax benefits. This results in significant savings over the years, making geothermal heat pumps an attractive option for commercial consumers.

Closed Loop Geothermal Heat Pump Systems to Gain Preference

Based on technology, the global geothermal heat pump market is segmented into open and closed loop geothermal heat pumps. Of these, the closed loop technology segment accounted for 85.68% of the market in 2013. The shares for this segment is expected to rise to 87.99% for by the end of 2020.

By end user, the global geothermal heat pump market is segmented into commercial, residential, and others. Of these, the residential sector accounted for 58.07% of the market in 2013. The residential sector is expected to lead in the market, despite a slight drop in the shares, which is expected by 2020.

By region, Europe accounted for the largest share of 54.9% in the market in 2013, which is expected to increase further to 59.2% by 2020.

According to the report, the global market opportunity in geothermal heat pumps will rise from US$55.3 bn in 2014 to US$130.5 bn by 2020, expanding at a 13.10% CAGR between 2014 and 2020.

This information is based on the findings of a report published by Transparency Market Research titled “Geothermal Heat Pumps Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020.”

The global geothermal heat pumps market is segmented as follows:

Technology 

  • Open Loop Systems
  • Closed Loop Systems
  • Vertical Loops
  • Horizontal Loops
  • Pond/Lake Systems

End-User

Residential

  • New Building Systems
  • Retrofit Systems

Commercial

  • New Building Systems
  • Retrofit Systems

Region

  • North America
  • Europe
  • Asia Pacific

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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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Efficient dye-sensitized solar cells: Third generation solar technologies & market growth opportunities by 2024

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The global dye sensitized solar cells (DSSCs) market is gaining from the growing awareness among consumers about the adverse environmental impacts of fossil fuels, coupled with the increasing demand for energy from renewable sources. Dye sensitized solar cells, along with photovoltaic cells, represent the third generation of solar technologies, which are expected to offer added functionality at lower cost.

Dye sensitized solar cells are thin film solar cells that are available at a low cost. A DSSC has numerous attractive features: It is semi-transparent and semi-flexible and offers various uses but none applicable to glass-based systems. DSSCs are made using conventional roll-printing techniques and the majority of materials used in it are available at a pocket-friendly price.

The introduction of new advances in the next few years will help outperform the emerging solar cell platforms, both in terms of economies of scale and performance. Hence, enterprises operating in the DSSC market will need to focus on niche segments that will allow them to achieve growth in the near future. As with other emerging technologies, cost benefits may not be immediately obvious owing to low volume of production. Nevertheless, it is of interest to technology developers, material providers, as well as adopters to closely follow the DSSC market and understand its impact on the market for sustainable energy.

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The report presents a comprehensive overview of the global dye sensitized solar cells market. It studies the growth trajectory exhibited by the market between 2016 and 2023. The factors influencing the demand for DSSCs are studied in detail. The report also presents an in-depth analysis of the prevailing competitive landscape.

Dye Sensitized Solar Cell Market: Key Opportunities and Threats

The rising demand for solar energy is the key factor boosting the global dye sensitized solar cell market. The market is also gaining from the recent technological advancements that have resulted in the lowered cost of production. Manufacturers of dye-sensitized solar cells are presently concentrating on indoor or portable applications; they are thus expected to explore opportunities in major application segments such as electronics, outdoor advertising, automotive, bus shelters, and steel roofing.

The increasing environmental concerns due to the rising carbon emissions are also expected to fuel demand from the global dye-sensitized solar cells market over the forecast period. Furthermore, the market is also expected to gain impetus from the increasing demand for building integrated photovoltaic system (BIPV).

Despite witnessing favorable growth opportunities worldwide, the growth exhibited by the global DSSCs market will be inhibited by issues pertaining to their performance limitations. There is a marked difference between the best performances reported by DSSCs when compared to technologies that have been under development for a longer period of time. The emerging technologies are seen to exhibit better efficiency levels. It is thus considered important for the enterprises operating in the market to identify suitable initial applications for DSSCs in order to achieve faster commercialization.

Dye Sensitized Solar Cell Market: Region-wise Outlook

Regionally, the global dye sensitized solar cell market is led by Europe. The European Commission’s aim of reducing the reliance on fossil-based fuel and encouraging clean energy projects is expected to boost the DSSCs market in the region. Additionally, the introduction of the latest technologies and the high rate of implementation in BIPV and portable electronics applications is further expected to steer the demand for dye sensitized solar cells in the near future.

During the forecast period, Asia Pacific is expected to report the highest CAGR among all regional markets.

Dye Sensitized Solar Cell Market: Competitive Insight

To study the prevailing competitiveness in the market the report profiles companies such as Fujikura Ltd., Konica Minolta Sensing Europe B.V., and 3GSolar Photovoltaics.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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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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Resource circulation equipment market to reach US$17.6 bn by 2019; fueled by surge in recycling activities

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The global economic recession of 2008-09 resulted in a significant decline in demand for resource circulation equipment. However, an upturn in end user markets since 2010 has enabled the global resource circulation equipment market to witness a steady rise in demand, states Transparency Market Research in its latest report. Titled “Resource Circulation Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 – 2019”, the report indicates that developing at a steady CAGR of 7.50% from 2013 to 2019, the global resource circulation equipment market is estimated to grow from a value of US$10.7 bn in 2012 to US$17.6 bn by 2019.

The report identifies the key factors driving and restraining the resource circulation equipment market. Significant growth in construction and industrial waste, government incentives and funding, shrinking available area for landfill, upcoming recycling facilities, and escalating need for solutions to reduce the industrial carbon footprint have all contributed towards the development of the resource circulation equipment market. In contrast, high initial investment cost and high market prices of recycled products threaten to hamper the growth of the resource circulation equipment market.

On the basis of application, the resource circulation equipment market is segmented into construction, paper, metal, agriculture, automotive, electrical and electronics, plastic and polymer, oil and gas, medical, and others. Accounting for a share of more than 20.0% in 2012, the electrical and electronics segment dominated the resource circulation equipment market in terms of revenue. This segment is driven by the growing trend of recycling in the electrical and electronics industry.

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On the basis of geography, the global resource circulation equipment market is divided into Asia Pacific, Europe, North America, and Rest of the World. North America and Europe are both leading markets for resource circulation equipment owing to stringent government and environmental regulations. In 2012, North America dominated the overall market with a 39.0% share in terms of revenue. Stringent government regulations and increasing electronic and industrial waste fuels the resource circulation equipment market in North America. The Asia Pacific market, on the other hand, is driven by the increasing focus on recycling activities.

The research report identifies key players within the resource circulation equipment market and assesses their performance to give clients a 360-degree perspective of the competitive landscape. The leading companies featured in the global resource circulation equipment market report are ECO Green Equipment, Alfagy, Metso, Zhejiang Feida, Foster Wheeler, ShowaDenko, Clean Burn Inc., VTT, ThermoSelect SA, Kawasaki Heavy Industries Ltd., Vecoplan AG, We Care Organics, JFE Engineering Corporation, Komptech GmBH, Wolf Material Handling Systems, and Lurgi AG. These players are profiled based on attributes such as company overview, business strategy, product portfolio, recent developments, financial overview, and SWOT analysis.

Resource Circulation Equipment Market – Application Segment Analysis

  • Automotive
  • Construction
  • Electrical and electronics
  • Paper
  • Plastic and Polymer
  • Metal
  • Oil and Gas
  • Others (Including agriculture and medical)

Resource Circulation Equipment Market – Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Research Report http://www.transparencymarketresearch.com/resource-circulation-equipment.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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Amylases biofuel enzymes market – new technologies driving big market growth

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Increasing demand for renewable energy source is expected to drive the demand for amylases biofuel enzymes market within the forecast period. Additionally, rising cost of fossil fuels is anticipated to augment the demand for amylases biofuels enzymes market. However, the machinery required to farm the plants for producing biofuels emit high level of carbon emissions. Thus, stringent regulations against carbon emissions are expected to hamper the demand for amylases biofuels enzymes. Development of new low cost enzymes may yield better for biofuels in the near future. Owing to the growing demand for renewable energy source, research and development coupled with increasing competition, the demand for biofuel enzymes is expected to rise exponentially. In addition, patent expiries and new technologies would fuel the demand further.

Amylase is an enzyme that catalyses the hydrolysis of starch into sugars. The pancreas and salivary gland makes amylase to hydrolyse dietary starch into dissacharide and trisaccharides to supply body with energy. In addition, plants and some other bacteria produce amylase. Most biofuels are based on sugars. The sugars are fermented into alcohol such as ethanol or butanol after extraction and thus can be used as fuels. Amylases biofuel enzymes decrease our dependency on nonrenewable carbon based fuels such as gasoline. Ethanol is a common amylase biofuel enzyme in the market. In addition, biodiesel is another form of biofuel that has a high potential to meet more than half of the world demand for transportation. Furthermore, they are used in other applications such as giving stonewashed jeans their characteristic appearance.

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There are various types of amylase biofuels. Cellulosic ethanol which is one of the examples of amylase biofuels is becoming increasingly popular. However, cellulosic ethanol requires chemical reactions for its production. Cellubiase is an amylase biofuel enzyme that helps to convert cellulose to glucose. This glucose can then be converted to fuel.

Scientists have discovered a new plant enzyme called Caffeoyl shikimate esterase which is expected to be a breakthrough in the production of cellulosic bio-based fuels which is mainly made from crop wastes and plastics and chemicals. It controls the formation of lignin. In this case, by downregulating the function of Caffeoyl shikimate esterase genes, reducing 36% lignin per gram of stem material is possible which in turn boosts the sugar levels up to four times. The development of this enzyme is expected to be a revolution in the amylases biofuel enzymes market.

Brazil dominated the ethanol-based fuel market in the past and the trend is expected to continue in the near future. In the U.S., ethanol is the most common biofuel additive. With the combined production of 80% of the market, biofuels’ leading enzyme manufacturers are Novozymes and Danisco-Genencor. In addition, Codexis has entered into an agreement with Shell to produce enzymes for second-generation biofuel generation. These companies intend to focus on new product development. The amylase biofuel enzymes market is still in its infancy stage. This is a consolidated market. Novozymes is developing of producing ethanol from biomass. Furthermore, it is planning to develop a range of potential feedstocks and thus scale up their processes.

 

Some other players profiled in the amylases biofuel enzymes market research report are Enzyme Development Corporation, Enzyme Solutions Inc., Enzyme Supplies Ltd., Jiangsu Boli Bioproducts Co. Ltd, Montana Microbial Products, Noor Creations, Novozymes A/S, Royal Dsm Nv, Schaumann Bioenergy, Specialty Enzymes & Biotechnologies Co. and Verenium Corporation among others.

Research Report:http://www.transparencymarketresearch.com/amylases-biofuel-enzymes.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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Smart grid meter data management (MDM) system – renewable industry’s IT revolution

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Rapid growth in the global smart grid market is expected to propel growth in the global meter data management (MDM) system market. The increasing deployment of smart meters and advanced metering infrastructure technologies are likely to act as a catalyst to the market’s growth. A meter data management system allows easy information and technology integration of advanced metering infrastructure. It performs long term data storage and captures metering data from advanced metering infrastructure (AMI) head end systems and creates a complete system of record for the metering data. Furthermore, meter data management systems also facilitate the distribution of the meter data across the utilities.

The meter data management strategies are influenced by the vision, goals and objectives of smart grid. The meter data management system edits and validates the received data, then normalize, aggregate, and make the data available to IT applications. An MDM system often interfaces to application such as fraud prevention, billing, or outage management. A meter data management platform provides a platform for building service-oriented architectures (SOA) for rapid deployment and low-cost integration of new capabilities.

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As meter data management systems are the central collection point for the smart meter data several utilities across the globe prefer installation of a single meter data management system. The meter data management system solution includes meter and network asset monitoring and management, smart meter deployment planning and management, automated smart meter provisioning and billing reduction, workforce management system, asset management, meter-to-cash system and other systems.

The global market for meter data management system is rising and is expected to rise at a significant rate in the future. The market’s growth in the meter data management market is primarily driven by the accelerate deployment of smart meters and advanced metering infrastructure technologies. Additionally, an increased demand for reliable, quality, and safe power further accelerates growth in the global meter data management systems market. The meter data management system further creates an opportunity for distribution utilities to build intelligent applications across the enterprise. Moreover, incentives and efforts from government across the globe are likely to further act a catalyst to the market’s growth.

Thus, the market is expected to rise at a significant rate in the future on account of factors mentioned above. However, identifying the role of technology and their value to utilities coupled with lack of robust standards for functionality and communication may hamper growth in the market. Furthermore, incomplete or immature service-oriented architectures at utilities rolling out the smart meters and advanced metering infrastructure may act as a barrier to the growth in the global meter data management systems market.

The global meter data management market is expected to register a significant growth in the future. Presently, North America driven by the on-going rapid deployment of smart metering technologies holds the largest market for meter data management system. Europe is a key region facilitating growth in the global meter data management market. The market growth in these regions is driven by support from government in the form of research and development of advanced metering infrastructure and other smart grid technologies. European Countries such as the UK and Germany are expected to drive the growth of this market. Ample growth opportunities exist in the meter data management market with a significant rise in the deployment of smart meters and other smart grid technologies.

Some of the key market players in Smart Grid Meter Data Management (MDM) Systems market are Aclara, Hansen Technologies, Oracle, Ecologic Analytics, eMeter, OSIsoft, MDUS, and SAP MDUS among others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

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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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Green packaging market – top level sustainable option for packaging industry; research report 2016

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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 playersoperating 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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Increased drilling in sub-sea sector expected to push demand for floating production systems, says TMR

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The floating production system (FPS) market is oligopolistic in nature. The market requires supreme expertise and thus has only a few players. The leading players are focused on research and development activities, enabling them to extract larger quantities of natural gas and crude oil by making use of floating production system technology. The leading players in the market are Mitsubishi Heavy Industries Limited, Worley Parsons Limited, Technip S.A, and Hyundai Heavy Industries Corporation Limited. Competition among the players is expected to rise, suggests a new report by Transparency Market Research.

The lower number of suppliers and the high costs of FPS components are increasing the bargaining power of suppliers. This is expected to change in the course of time as advanced manufacturing technologies will help reduce the production cost of these FPS components. “The bargaining power of suppliers is thus expected to become moderate over the coming years,” states a TMR analyst.

Increasing Demand for Crude Oil Induces Exploration and Production Companies to Drill in Offshore Regions

There has been a huge demand for crude oil in countries such as China, India, and Brazil owing to rapid industrialization. This has propelled the exploration and production (E&P) companies to extensively carry out drilling activities in the offshore regions. Drilling in offshore regions, necessitates for companies to have advanced technologies and strong capital support. This has accelerated the demand for floating production systems, which help the E&P companies to drill the wells in shallow, deep, and even ultra-deep water, with ease.

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While currently only 9% of the total crude oil comes from the subsea sector, this is expected to change in the coming years, and by 2020, the subsea sector is expected to account for around 20% of the total crude oil production. This will further increase the demand for FPS and benefit the market.

Problems Relating to Complexity and High Cost Need Attention of Market Players

FPS projects have expanded in terms of complexity. Moreover, it is not uncommon for FPS projects to become billion-dollar projects, as deep water drilling projects are challenging and require large floating production systems. The procurement of large FPS systems needs huge capital, which in turn increases the cost of the project. Further, there are challenges such as inability to deliver FPS on time, or prolonged delays in the sanctioning of the project.

However, the untapped reserves of crude oil and natural gas will open doors of growth opportunities in the floating productions systems market. The recent discovery of offshore reserves in the French Guiana is one such a growth opportunity, which is expected to fuel the demand for FPS.

Demand for FPSO to Rise owing to Multiple Tasks Performance Ability

According to TMR, floating production storage and offloading (FPSO) was the leading product segment in 2012, accounting for 64.7% of the global FPS market. The FPSO segment is expected to retain its leading position in the coming years. The high demand for FPSO in offshore drilling activities is majorly due to the multiple tasks it can perform such as floating, production, storage, and offloading. High demand for FPSO from major petroleum companies will also drive this segment to its leading position.

In terms of geography, the global floating production systems market is expected to be led by the Rest of the World. It is expected that over 100 new offshore projects will spring up in the Rest of the World, thus driving the demand for FPS.

According to the report, the global market opportunity in FPS will rise from US$12,616 mn in 2012 to US$38,752.7 mn by 2019, expanding at a 17.20% CAGR from 2013 to 2019.

The information is based on the findings of a report published by Transparency Market Research titled “Floating Production Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”

The global floating production systems market is segmented into:

End Users

  • FPSO
  • TLP
  • SPAR
  • FSO

Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Research Report:http://www.transparencymarketresearch.com/floating-production-system-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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Bioremediation technologies and services – market to be driven by increasing awareness for environmental safety and protection

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Bioremediation is a scientific waste management process that uses various, fungi, microorganisms, green plants and their enzymes to reinstate the environment to its original state after removing pollutants from a contaminated site. Bioremediation of water and soil, which is polluted by oil and other industrial waste; is performed by a variety of microorganisms that survive on hydrocarbons. Degradation of pollutants by bacterial microorganisms breaks down the hazardous substances into less toxic biodegradable substances. However, not all pollutants and contaminants are treated by bioremediation using microorganisms. For example, metals such as lead and cadmium are not easily captured or absorbed by microorganisms.

Some of the bioremediation technologies usually used for reinstating and de-contamination the environment are as follows:

  • Bio stimulation
  • Bio augmentation
  • Air Sparging
  • Bioventing
  • Bio slurping
  • Fungal Remediation
  • Phytoremediation
  • Nitro aromatics

Various bioremediation services used for restoring our environment are as follows:

  • Sample collection and analysis
  • Manufacture of site-specific bioremediation products
  • Design of optimized bioremediation program
  • Characterization and spill evaluation of environmental parameters
  • Report results
  • Field services

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In the geographical analysis, North America closely followed by Europe is the largest market for bioremediation technologies and services owing to the stringent environmental protection policies and regulations as well as oil spill accidents. For instance, a recent oil spill accident happened in the city of Los Angeles witnessed an oil spill of nearly 50,000 gallons which had ultimately contaminated the soil. These industrial hazards, which occur frequently across the globe, are expected to propel the sales of bioremediation technologies and services in these regions. Moreover, strict orders and policies from environmental protection agencies and groups are also compelling various industrial units to treat their waste products before releasing it in the environment. However, other regions such as South East Asia, Latin America and Middle East are expected to be the potential markets in the near future. Due to the increase in industrial plants and stringent environment safety concerns, these regions are expected to be the potential markets in the near future

The overall bioremediation technologies and services market is expected to witness an admirable growth due to the increasing awareness for environmental safety and protection. Moreover, stringent government regulations and policies for environmental restoration initiatives is further fueling the popularity of biotechnology based bioremediation technologies and services globally. Furthermore, novel bioremediation technologies such as bio augmentation and bio stimulation are gaining wide acceptance and interest due to their enhanced environmental restoration capabilities. These technologies use nutrient additives and external microbial agents for remediation of huge amounts of hydrocarbon-contaminated liquids and soil. Additionally, potential technological breakthroughs will generate abundant opportunities for bioremediation technologies and services.

Other factors such as frequent oil spills in oceans from oil tankers are compelling oil and gas companies to adopt bioremediation technologies as well as services to restore the environment to its original state. However, high development cost and low adoption rate among population are some of the market-restraining factors that might hinder the growth of the overall bioremediation technologies and services market.

At present, the bioremediation technologies and services market is highly fragmented owing to the involvement of many established and emerging players in this industry. However, the key players involved with the development of bioremediation technologies and services are ABB Environmental Services, Inc., Altogen Labs, Bioremediation Service, Inc., Dow Chemical Company, EG&G, Inc., E. I. du Pont de Nemours and Company, Envirogen Technologies, General Electric and Sevenson Environmental Services, Inc.

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Artificial lift systems market size worth $31.88 bn by 2023

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Artificial lift systems market size is forecast to reach USD 31.88 billion by 2023; as per the latest research report by Global Market Insights, Inc.

Rising demand for energy across the globe is expected to propel global artificial lift systems market growth over the forecast timeframe. Rapid industrialization as well as infrastructure development in emerging economies such as India and China is expected to fuel energy demand. Factors such as growing population and improved standard of living will also favorably impact revenue.

The industrial sector accounts for significant share in distributed energy consumption. The need to meet growing energy demand has instigated high usage of renewable energy sources. However, the world may still depend on considerable percentage of fossil fuels to satiate the ever growing energy needs.

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Increase in requirement for energy efficient products allowing manufacturers to invest in R&D to provide advanced solutions. Presently, artificial lift systems have the lowest penetration across Middle East & Africa; however, escalating drilling activities and oil & natural gas production provide huge growth opportunities.

The U.S. Energy Information Administration (EIA) mentioned that the production of shale gas has reached a highest level in 2013, which is also expected to increase over the forecast timeframe. The U.S. economy which is an oil importer has been dramatically affected by increasing oil prices. U.S. has increased oil & gas production with the aim of minimizing oil imports. Increasing shale gas production would help to meet rising natural gas demand in the country.

Artificial lift systems market manufacturers distribute their machinery directly to their end-users, including oil & natural gas companies. Companies maintain their relation with dealers through standard sales and service agreements. Several customers enter into long-term, fixed pricing contracts with manufacturers.

Innovative technologies such as web-based monitoring services and multiphase gas-handling pumps are expected to drive global artificial lift systems market growth from 2016 to 2023. Web-based monitoring services minimize the intervention cost and optimize production. Multiphase gas-handling pumps are mainly deployed to condense free gas into homogenous fluid.

High capital as well as maintenance cost associated with the industry adds up to overall operational cost. Increasing raw material prices such steel and copper prices has led to high artificial lift systems market price trend.
Key insights from the report include:

  • Electrical submersible pumps industry was valued at over USD 8.5 billion in 2015, and is expected to surpass USD 17 billion by 2023. This product offers higher efficiency, low maintenance and low space requirements.
  • Rod lifts accounted for more than 20% of the artificial lift systems market share in 2015. It provides optimization controls, reduced corrosion concerns and high efficiency. Manufacturers are offering advanced rod lift systems in less complex designs together with increased extraction rate of hydrocarbons.
  • North America artificial lift systems market size was worth over USD 6 billion in 2015. This high growth is due to rising production of shale gas across the region.
  • Asia Pacific industry revenue is forecast to continue occupying more than 22% of the overall share by 2023. This can be attributed to high demand and consumption of oil & gas in countries such as India, China, and Japan. Saudi Arabia is also increasing drilling activities to meet the increasing energy demand.
  • Key players include Baker Hughes, Schlumberger, General Electric, Weatherford International and Cameron International. Manufacturers emphasize on achieving product differentiation on the basis of quality. For instance, Baker Hughes introduced VisiTrak geospatial navigation to improve drilling efficiency in 2015.

 

 

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Global Market Insights has segmented the artificial lift systems industry on the basis of product and region:

  • Global Artificial Lift Systems Product Analysis (Revenue, USD Million, 2012 – 2023)
    • Rod Lift
    • ESP
    • PCP
    • Gas Lift
    • Hydraulic Pumps
  • Global Artificial Lift Systems Regional Analysis (Revenue, USD Million, 2012 – 2023)
    • North America
    • Europe
    • Asia Pacific
    • South America
    • MEA

 

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About Global Market Insights

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Source: Global Market Insights, Inc.

Continuing exploration of alternative energy sources due to increasing demand will drive hydrogen generator market growth

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Hydrogen Generator Market size was valued over USD 735 million in 2015 and with estimated gains over 5.3% CAGR by 2023. Continuing exploration of alternative energy sources due to increasing demand coupled with depleting fossil fuels will drive industry growth. Stringent regulatory norms for cleaner fuels such as hydrogen by electrolysis of water using renewable energy source such as wind, solar, & water and desulfurize petroleum products and is likely to propel demand from 2016 to 2023.

Global hydrogen generator market is broadly categorized on basis of process, product, application, and capacity. Easy abundant availability of low cost natural gas feedstock coupled with high percentage purity hydrogen is anticipated to be key propelling factor for industry growth. In addition, hydrogen is used in food & beverage sector to remove harmful viruses and bacteria, which may positively impact on product demand.

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Chemical processing application was dominant and accounted more than 55% of global share in 2015. However, fuel cell technology is likely to be fastest rising market due to increase in demand from automotive sector for abiding pollution free standards. In addition, this technology is expensive compared to internal combustion engine, which may restrict its application across commercial vehicles segment. Hydrogen transportation requires high safety as it is a highly flammable fuel. Furthermore, improper distribution channels increases overall costs which may impose restrain for hydrogen generator market.

However, industry has witnessed huge investments to restrict cost related with production transportation, and distribution due to rapid industrialization coupled with rising green fuel energy solution across military, residential, and commercial which may positively impact on hydrogen generator market size growth. This will reduce dependency on conventional energy source such as fossil fuel which is comparatively economic but hazardous.

Refining application segment was another significant market share contributor in 2015. Refining industry comprises production of lubricating & fuel oils, kerosene, propane, gasoline, diesel, jet fuel, and liquefied petroleum gas (LPG) products. Increasing spending on refining and downstream application coupled with exploration of shale gas reserves in the U.S is likely to drive hydrogen generator market during the forecast period

 

Hydrogen generator market is segregated in terms of product (On site and Portable). On site product was largest market share contributor in 2015 and comprised more than 70% volume globally. Portable product produces temporary electricity, which may find applications across remote construction site to power tools and lights.

Hydrogen generator market is further segmented by its process type (steam reformer, electrolysis). Steam reformer process segment was dominant with over 80% share in 2015. Although, electrolysis process based hydrogen generators are preferred solution for ample scale hydrogen production over steam reformers. They are favorable and convenient product system which achieves desired traits for hydrogen production owing to less energy consumption, and minimal installation and operation costs.

North America dominated the hydrogen generator market in 2015, and would continue to grow during the forecast period. Increasing demand for hydrogen in the U.S and Canada across power generation plants and refueling stations (for FCEV) will stimulate hydrogen generator market demand. Europe was prominent market accounting above 35.6% of global industry share in 2015. This region is likely to grow owing to presence of major industry players. However, the region is forecast to witness moderate growth rate over the forecast timeframe.

Asia Pacific was significant regional market; the region is likely to drive industry due to rising demand for petroleum products from refineries with low sulfur. Increasing hydrogen generator application across refineries due to expanding demand for petroleum products in India and China coupled with rigid norms in the region is likely to propel growth.

Global hydrogen generator market is fairly competitive, with key industry participants deploying penetration via strategic initiatives such as agreements and contracts in order to expand their market presence. Major industry participants comprise Linde AG, Air Liquide SA, and Air Products & Chemicals Inc. Other significant participants include Praxair Inc., Airgas Inc., and Hydrogenics Corporation, ParkarBalston, Idroenergy, McPhy Energy, and Idroenergy.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Source: Global Market Insights, Inc.

Fuel cell market expected to grow at 22% CAGR during 2016 – 2024: Global Market Insights Inc.

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Fuel Cell Market size was over 230 MW in capacity for 2015 is estimated to touch over 1,000 MW in 2024 with gains at above 22% CAGR from 2016 to 2024. Government assistance to develop hydrogen power stations is considered key reason to drive market over the forecast period.

Global fuel cell technology market was valued over USD 2.9 billion in 2015 and is estimated to surpass USD 8 billion in 2024 with gains at above 14% CAGR.  Product shipments are witnessing enormous gains with 49% CAGR.

North America fuel cell market was dominant terms of installed capacity accounting for over 42% in 2015. Asia Pacific was the leading consumer in terms of shipment units and comprised over 37% in the same year. However, North America may takeover APAC in the forecast period to become largest fuel cell market in terms of installed capacity and shipment units by 2024.

In the present scenario, Asia Pacific, led mainly by China, Japan, Korea, & India, has massive market for stationary power due to increase in household applications. Residential product system sales in Japan crossed 0.1 million units in 2015.

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African countries have immense potential for portable fuel cell market because of extensive off grid applications. This region is currently focusing on solar off grid applications. However, this industry can offer desirable alternatives.

Europe witnessed growth in power-to-gas (P2G) and energy storage. It involves conversion of electricity into energy carriers such as methane & hydrogen which may positively impact on fuel cell market share.

In terms of application, market is segregated in stationary power, transportation, and portable. Stationary power application segment is dominant in terms of capacity and is estimated to reach USD 6.5 billion in 2024 with around 15% CAGR. However, portable application accounted for 71% of total shipments in 2015.

Transportation application comprises of motive power for buses, cars, and fuel cell electric vehicles (FCEVs), material handling equipment (MHE), auxiliary power units (APUs), off-road vehicles, and specialty vehicles. Rising fuel prices may drift customer focus towards electric vehicles owing to boost fuel cell market share. FCEV attained focus of automakers for new market penetration strategies. Toyota announced funds for hydrogen fuelling stations in the U.S.

Portable power application includes portable energy sources which are not permanently installed. Also, global product market segment includes SOFC, MCFC, DMFC, phosphoric acid PAFC PEMFC, and AFC.

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(PEMFC) Proton exchange membrane fuel cell market size was dominant and comprised of 88% of total volume shipped in 2015. It offers accessibility across different watts, high electric efficiency, and significant power to area ratio which makes it desirable in applications. However, (MCFC) Molten carbon fuel cell is estimated to witness significant gains throughout the forecast period.

Supporting regulatory norms owing to drift focus towards renewable energy source may positively impact fuel cell market size. However, lack of infrastructure facilities coupled with high investment in switching production techniques may affect fuel cell market price trend.

It electrochemically combines oxygen and hydrogen to generate heat, water, and electricity. Similar to batteries they have capability to produce electricity when source of fuel is provided. It is generally quiet process as it does not involve fuel burning which makes it pollution free and is two or three times efficient than combustion. Accepting zero emission source of energy may positively impact in wide acceptance of products globally.

Global fuel cell market share is highly consolidated. Key operating participants accounts for over 70% of global demand which includes Clearedge, Ballard, and Toshiba. Other notable industry participants are Hydrogenics Corporation, Doosan, Plug Power, Horizon, and Panasonic.

Industry participants are focusing on growth strategies which include joint ventures, mergers & acquisitions, collaborations, and contracts & agreements in order to expand their geographic presence. Under these strategies companies are tapping the white space which includes region such as South America and Africa. Moreover, rising demand for clean energy products & solutions has boosted company to introduce integrated and innovative products and solutions.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Source: Global Market Insights, Inc.

Second generation biofuels industry – An overview of sustainable production of advanced biofuels; forecast 2015/2016 – 2023

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Second generation biofuels or advanced biofuels are the way forward from the first generation biofuels, which is made from vegetable oils and sugar. The only differentiating factor between first generation biofuels and second generation biofuels is the feedstock. Second generation biofuels are manufactured from various types of biomass. Biomass is mainly derived from plant sources. However, second generation biofuels can also be manufactured from animal derived biomass. First generation biofuels were dependent on food crops and production of adequate bio fuel was a challenge, as it competed with food supply. Moreover, greenhouse emissions of first generation biofuels were nominally less than that of fossil fuels.

Dependence on food crops also rendered it a costly alternative to conventional petroleum leading to limited acceptance. Second generation biofuels are capable of overcoming these handicaps and produce significantly higher quantities of biofuels with higher environmental benefits and lower cost. The different thermo-chemical technologies currently in use or under development are gasification, pyrolysis and Torre faction.

The market for second generation bio fuel is driven by the need to produce clean and sustainable energy, with minimal environmental impact. Second generation bio fuel manufacturing technology enables production of commercially acceptable fuel from inedible biomass and avoid the “food vs fuel” dilemma. The main feedstocks used for second generation biofuels are agricultural and nonfood crop residues, wastes procured from forestry industry, energy crops, jatropha and algae. Feedstock cost accounts for over 50% of the product cost, and cheap availability of the feedstocks lead to cheaper product.

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Second generation biofuels are yet to achieve large scale commercialization and is expected to become cheaper over time with the development of technology. Some types of second generation biofuels are in production as of today. However, large scale commercialization is not expected to come in force until 2020, without government support. Second generation biofuels have tremendous future opportunities as automotive and aviation fuel. In recent years, biofuels have established their importance among various other fuels. With rising oil prices and mounting concerns over energy security, focus has shifted to renewable sources of energy. Biofuels, with ability to fuel transport sector with low carbon emission as compared to conventional fuels, have attracted investments from various large market players. Production of second generation biofuels is attractive for countries with no petroleum reserves as it helps to reduce foreign exchange spending towards import of petroleum.

There are no apparent restraints to the market apart from technology development and feedstock procurement. However, the highly volatile crude oil prices in the global market might reduce the market attractiveness for the second generation biofuels market. With crude oil prices plunging by more than 50% in a year, cost competitiveness is a factor for the market.

North America is the largest producer of second generation biofuels, with high investments in research and development. Europe is the second most attractive market in terms of demand for biofuels. However, Asia Pacific with its enormous resource is gradually catching up with a few Chinese companies investing in the futuristic market. Global laws regarding recution of greenhouse gasses and production of clean energy is expected to drive the market with governments in North America and Europe providing incentive to the second generation biofuels manufacturers.

Some of the major companies producing second generation biofuels are Blue Marble Biomaterials LLC, Algenol, Chemrec, DuPont Danisco Cellulosic Ethanol LLC, Fujian Zhongde Energy Co., Ltd, Gevo,Inc., Gushan Environmental Energy Ltd., PetroSun, Inc., Sapphire Energy and Solazyme, Inc.

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Distributed energy generation systems market (DEG) will reach USD 155.86 Billion in 2018: TMR

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Over the past couple of decades, the demand for energy has rose significantly. Technological evolution has led to production of electrical appliances catering to several human needs. This in turn has fuelled energy demand. DEG systems are gaining popularity owing to its beneficial properties. They play a crucial role in catering the rising energy demand. The DEG systems are more economical, safer and ecofriendly compared to conventional energy generation systems. Insufficient power supplied by centralized power systems coupled with their rising prices are expected to lay groundwork for the DEG systems market.

Insufficient centralized electricity supply, paradigm shift in energy generation towards green technology, increased awareness towards carbon footprint reduction coupled with revised FIT (Feed in Tariff) rates are expected to spur the market growth. Furthermore, the high cost of the raw materials act as a major barrier to the market. However, price decline in coming years is expected to overcome the restraint. Depleting fossil fuel coupled with their rising prices impacts the cost of energy generation.

This market was valued at USD 99.68 billion in 2011 and is expected to reach USD 155.86 billion in 2018, growing at a CAGR of 6.7% from 2012 to 2018. Also, the annual DEG installation capacity was 81,875.7 MW in 2011 and is expected to reach 180,093.6 MW in 2018, growing at a CAGR of 11.9% from 2012 to 2018.

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CHP (Combined Heat and Power) and solar PV technology segments are major contributors to the DEG systems market which is followed by wind turbines, microturbines and fuel cell segments. Today’s renewable systems are cost competitive and the most economic option for off-grid electrification. Low prices are likely to open new opportunities for the market which has helped reach grid parity quickly in this high priced electricity markets. The 2004/8/EC directive was developed by the European Commission (EC) in 2004 to trim down emissions (greenhouse gases) and support cogeneration systems. This promotes DEG systems market that contributes positively to the security of energy supply.

Currently DEG systems are widely preferred over the conventional power generating systems due to substantial loss of energy over transmission lines. The grid connected systems dominated the market in 2011 while the off grid systems are rapidly growing segments due to growing energy demand in areas without grid connection network.

Europe dominated the market owing to the glut of investments made by manufacturers and financial support provided by government. Europe acquired maximum market share which was followed by Asia Pacific and North America. Europe and Asia Pacific are the prominent centers for DEG. Asia Pacific market is expected to grow significantly chiefly due to the availability of cheap labor and financial incentive schemes minimizing the production cost. Capstone has a strong presence in Asia Pacific supplying microturbines. The abundance of solar radiation and wind power is expected to spur the market growth in Europe and MEA (Middle East and Africa).

The DEG market is dominated by large multinationals worldwide. GE Energy dominated the market in 2012. GE Energy dominated the market on account of its strong brand value and strong distribution network worldwide. Technological evolution affected the market scenario and participants equally. Research and development keeps the manufacturers on their toes which encourages them to formulate new business strategy. Heliatek adopted product differentiation strategy by developing organic solar cells. Mitsubishi Power Systems and Vestas Wind Systems had a global presence coupled with effective distribution network.

Capstone Turbine corporation supplies DEG systems to Asia Pacific region marking its strong presence. GE Energy operates under three verticals, GE Energy Management, GE Oil & Gas and GE Power & Water. GE Energy offers wind turbines and solar technology as part of its renewable energy portfolio and sells steam turbines and generators to the electric utility industry. The company is focusing on both organic and inorganic growth. Organic growth is through innovative technological development whereas inorganic growth is through acquisition. GE’s WindBOOST service technology can be considered as organic growth.

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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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