Dye Sensitized Solar Cell Market is expected to reach USD 130.6 million by 2022

The global Dye Sensitized Solar Cell Market is expected to reach USD 130.6 million by 2022, according to a new report by Grand View Research, Inc. Growing concern regarding detrimental environmental impact associated with fossil fuel based power generation plants is expected to remain a key driving factor for global DSSC market. Governments across various countries have been promoting electricity generation through renewable energy sources. Favorable government initiatives to promote off-grid solar power installations particularly in developed economies of Europe and North America are also expected to have a positive influence on the market growth. 

European government has been providing incentives such as feed-in tariffs, cost subsidies and tax relief to promote renewable energy. High cost to performance ratio is another factor that is anticipated to positively impact DSSC market growth. Rising R&D in this field is expected to lead commercialization of on-grid DSSC modules. Currently, DSSC has high penetration in off-grid applications including portable charging and building integrated photovoltaics (BIPV). Presence of organic liquid electrolyte poses sealing and toxicity issues and is anticipated to hinder industry commercialization. 

Portable charging emerged as the largest DSSC application with global revenue exceeding USD 16 million in 2014. Third generation thin film PVs are increasing being used for portable battery charging solutions including solar chargers, solar bags and wireless keyboards owing to their ability to provide optimum wattage in these applications.

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/dye-sensitized-solar-cell-market

Further key findings from the study suggest:

• Global Dye Sensitized Solar Cell Market was worth USD 49.6 million in 2014 and is expected to reach USD 130 million by 2022, growing at a CAGR of 12.4% from 2015 to 2022
• BIPV/BAPV is anticipated to be the fastest growing application segment at an estimated CAGR of 13.0% from 2015 to 2022. DSSC ability to provide optimum power for these applications is anticipated to raise product demand over the forecast period.
• Europe was the leading consumer and accounted for over 35% of total revenue in 2014. Favorable government initiatives to promote off-grid solar power installations particularly in UK, France, Germany and Italy are anticipated to drive regional market over the forecast period. European Commission has been providing incentives in the form of feed-in tariffs, cost subsidies and tax relief to promote renewable energy implementation.
• Asia Pacific is anticipated to witness the highest growth of 13.6% from 2015 to 2022. Favorable government initiatives in countries such as India, China and Taiwan to supply electricity to remote locations have encouraged government towards deploying off-grid systems using renewable energy sources. Rapid urbanization coupled with surging product demand in portable electronic products such as smart phones, portable charging products is expected to drive DSSC penetration in the region.
• Major companies operating in global DSSC market include Konica Minolta Sensing Europe B.V., Dyesol, Fujikura Ltd., G24 Power Ltd., Exeger Sweden AB, 3GSolar Photovoltaics, and Merck KGaA.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/renewable-energy

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Artifical Lift Market is expected to reach USD 26.5 billion by 2025

The global artificial lift market is expected to reach USD 26.5 billion by 2025, according to a new report by Grand View Research, Inc. The industry is anticipated to gain traction owing to the increasing fossil fuel demand coupled with the rising number of mature reserves, which hold a high volume of crude oil. Furthermore, volatile oil prices are persuading oil companies to decrease the per barrel oil production cost, thereby driving the demand for EOR techniques, such as artificial lift systems, over the forecast period.

The robust demand for crude oil and natural gas has led to the depletion of onshore reserves. This has offered offshore deep-water opportunities for several companies, thus catapulting the artificial lift market size. Additionally, technological advancements have encouraged Exploration and Production (E&P) companies to increase the production of crude oil and natural gas in offshore reserves, which is anticipated to further propel demand over the coming years.

Lifting systems are used in offshore applications of deepwater gas lift wells and for subsea production to augment the productivity of wells. Thus, the rising deepwater oil production is anticipated to spur the market growth. Owing to rapid industrialization, conventional sources of oil & gas are depleting at the expense of future energy demands. This has forced companies to meet the end-user demand by focusing on unconventional gas resources. As such, unconventional gas production is considered to act as a key opportunity for players operating in the market.

The demand for energy is increasing globally. The escalating demand for primary energy in transportation, power generation, and household activities has led to increased oil & gas consumption in major economies across the globe. This has led the producers of oil & gas to dig deeper to meet the increasing energy demands, thus instigating the need for artificial lift. However, the fluctuating oil prices and impacted investments would affect market growth, owing to high equipment and capital costs.

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/artificial-lift-systems-market

Further key findings from the study suggest:

• The global artificial lift market exceeded USD 16 million in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to 2025, which is primarily attributed to the increasing oil & gas production coupled with improving production efficiencies at mature fields.
• Electrical submersible pumps are anticipated to emerge as the largest product segment over the forecast period owing to the rising demand for oil worldwide and exploration of newer onshore as well as offshore reserves.
• The ever-rising population in Asia Pacific, particularly India and China, is anticipated to fuel the demand for oil & gas, which is further expected to instigate the adoption of artificial lift systems in this region.
• Key players such as GE Oil & Gas, National Oilwell Varco, Weatherford Plc, Halliburton, Dover Corp., and Schlumberger Limited dominated the market in 2016 with their emphasis on expanding the market presence through mergers and acquisitions.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/conventional-energy

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Managed Pressure Drilling Services Market is expected to reach USD 5.06 billion by 2024

The global managed pressure drilling (MPD) services market is expected to reach USD 5.06 billion by 2024, according to a new report by Grand View Research, Inc. Factors such as rising hydrocarbon production cost coupled with depleting extraction rates in conventional onshore wells have led to increasing offshore exploration activities. This is likely to have a significant impact on the managed pressure drilling market. The success of these extraction techniques in areas which were previously considered to be uneconomical has stimulated the market growth. 

MPD techniques do not provide any surface return; this restricts the sampling sources for geologists. A significant amount of drill fluids required and variation in MPD techniques is likely to limit the market growth during the forecast period. Technological advancements along with coupling MPD techniques with horizontal drilling in tight formations is anticipated to create new avenues for industry participants in the near future. 

Constant bottom hole pressure (CBHP) emerged as the leading technology segment and accounted for 43.3% of the global revenue in 2015. This technique facilitates better safety of the sites by controlling the pressure and detecting early fluid losses. Mud cap drilling (MCD) technique is likely to lose share to CBHP and dual gradient drilling (DGD) technologies owing to the high cost associated with this technology.

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/managed-pressure-drilling-mpd-services-market

Further key findings from the study suggest:

• Onshore oilfields were the leading application segment and accounted for over 58% of the total industry revenue in 2015. Offshore operations are expected to witness the highest growth of 4.0% over the forecast period.
• The U.S. offshore MPD services industry is estimated to witness the fastest growth over the next eight years to reach a net worth of USD 585 million by 2024. Significant development of offshore oil & gas wells in the Gulf of Mexico along with extremely complicated formations in the region is anticipated to drive managed pressure drilling services demand.
• North America dominated the global demand accounting for 37.3% of total market revenue in 2015. Technological advancements along with deployment of advanced drilling techniques in complex formations such as tar sands, tight oil, etc. in the U.S. and Canada are key factors for high industry penetration in the region.
• Africa is estimated to grow at a CAGR of 4.9% from 2016 to 2024 on account of increasing offshore activities in regions of Angola, and Mozambique. Algeria MDP services industry is estimated to reach a net worth of USD 110 million by 2024, at a CAGR of 5.4%.
• Key market players include operating in the global managed pressure drilling services market include Archer Well services, Baker Hughes, Halliburton, Weatherford International, Schlumberger Limited.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/conventional-energy

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com

Key factors of Busbar Market will boost the growth of market size during the forecast period

Busbar consists of a strip of conductor made of aluminum or copper, supported by insulators that can connect the electrical loads and power supply in an integrated electrical network. It has a range of applications majorly in switchgears, distribution panels, switchboards, and any establishments that require the consumption of electric power.

The busbar conducts electricity within a switchboard, distribution board, substation, battery bank, or the other electrical apparatus. Busbars are used to carry substantial electric currents over relatively short distances. Their greater surface area reduces losses due to corona discharge. Busbars are not normally structural members. The material composition and cross sectional size of the busbar determines the maximum amount of current that can be safely carried.

Higher concerns regarding energy efficiency with preference for busbars over cables due to their low cost are the factors expected to drive the market size. Integration of wind power technology in global power generation mix coupled with emergence of smart & green cities are the key factors that will boost the growth of market size.

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/busbar-market

Asia Pacific is expected to be the fastest growing market for busbar market. Increasing focus on energy efficiency and growing energy consumption due to urbanization and industrial growth in this region is high; which will drive the Asia Pacific Busbar market from 2014 to 2025.

The Asia Pacific region holds the largest market for busbar trucking system; driven by huge investments in smart cities, green constructions, high rise buildings, and transportation infrastructure; especially in the South East Asian region. The other major factors include increasing power demand industrialization and urbanization, and rapid development in the commercial sector in countries such as China, India, Japan, and South Korea.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/construction-and-utilities

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a 

range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com

Global Battery Recycling Market will witness impressive growth at a CAGR during the forecast period

Stringent government regulations coupled with a progressive environment to pursue factors related to reduction in emission of formidable greenhouse gases and compliance with environmental protection and conservation is proving to be a growing impetus for battery recycling market.

Spent batteries pose immense health hazards and impair the ecosystem significantly and coupled with government recognizing the need for implementing initiatives in order to recycle batteries are constructive drivers to the market.

Successful JV’s between profitable ventures and NGO’s in collaboration with leading automobile manufacturers has boosted the battery recycling market.

Battery recycles market still being in nascent stage and giving leverage to technological advancements comprising new entrants and small players descending on the market with high capital investments notwithstanding, market is surging forward thanks to growing incentives from government and environmental institutions.

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/battery-recycling-market

Mergers and Acquisitions (M and A) have also incremented sales forecasting impressive sales figures with concurrent business expansions leading to satisfied customers.

Restraints, owing to ignorance of discerning populace in relation to battery recycling and environmental constraints with regard to battery disposal exists, with the awareness level of industries continuing to be strong thanks to the application of recycled battery in electronics and automotive sectors.

Based on battery source, Battery recycling market is segmented into automotive, electronic appliance and others.

Based on chemistry, battery recycling market is segmented into lithium ion, lead acid and Nickel Cadmium (Ni-Cd).

Based on end-use, the classification comprises extraction of material, repackaging, reuse and second life, disposal.

Region-wise segmentation includes North America, Europe, Asia Pacific, MEA and Latin America.

The automotive sector in battery recycling market continues to enjoy wide popularity in the spent battery source segment during the forecast period and hence is a confirmed market leader in the battery recycling market.

A proportionately high figure of lead acid batteries conventionally employed in vehicles and displaying a pre-disposition towards the recycling industry has given rise to battery recycling market which has boosted the market.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/energy-and-power

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com

Automatic Power Factor Controller Market is projected to grow at the highest percentage during the forecast period

Power Factor Controllers supervise the reactive power of a plant and prevent overloads. Automatic Power Factor Controllers are completely automated in function and can accomplish preferred power factor under unstable load circumstances.

The factors that propel the growth of the global Automatic Power Factor Controller Market include implementation of Automatic Power Factor Controller in almost all the industries like enterprise, military, manufacturing, commercial, etc. There is also an increasing demand for power management devices in the industries; hence ultimately a need for Automatic Power Factor Controller. There are a number of essential characteristics that also drive the growth of the market such as management of power factor, decrease in electricity expenses, need for inhibiting electronic apparatus from destruction, and power saving.

On the other hand, there are also factors that hamper the growth of the global Automatic Power Factor Controller Market such as high cost of maintenance.

The global Automatic Power Factor Controller Market is classified on the basis of type, component, industry, and geography.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/automatic-power-factor-controller-market

On the basis of type, the global Automatic Power Factor Controller Market is classified as Active Automatic Power Factor Controller and Passive Automatic Power Factor Controller. The Active Automatic Power Factor Controller Market dominated the major share of the global Automatic Power Factor Controller Market in 2015 and is also projected to rise at the highest rate during the forecast period. The factors that attribute to the growth of this sector are adoption of Active Automatic Power Factor Controller by several industries like commercial, manufacturing, military, utility, etc. Additionally, the Active Automatic Power Factor Controller consists of active components like diodes and transistors that enable the engineers to attain high power factor as 0.99. Therefore, most industries select Active Automatic Power Factor Controller owing to high precision of power superiority.

On the basis of component, the global Automatic Power Factor Controller Market is classified as Relays, Capacitors, Displays, Microcontrollers, Switches, and Resistors.

On the basis of industry, the global Automatic Power Factor Controller Market is classified as Manufacturing, Utility, Commercial, Enterprise, and Military. The Utility Industry dominated the largest share of the global Automatic Power Factor Controller Market in 2015 and is also anticipated to grow at the highest rate during the forecast period. The factors that attribute to the growth of this sector are reduction in power loss in distribution system, superiority of reactive power, and safeguarding the electronic devices from destruction. Moreover, the Utility Industry also is also determined to enhance the power factor.

See More Reports of This Category:
http://www.grandviewresearch.com/industry/energy-and-power

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com

Solar PV Glass Market is expected to reach USD 3.38 billion by 2024

The global solar PV glass market is expected to reach USD 3.38 billion by 2024, according to a new report by Grand View Research, Inc. Increasing solar PV installations across the globe is expected to remain a key driving factor for global solar PV glass market over the forecast period.

Favorable regulatory norms across the globe are expected to promote usage of solar PV panels. These regulations are expected to have a direct impact on the solar PV glass market. According to the Kyoto Protocol Act, several countries is obliged to reduce carbon emissions. This protocol is anticipated to create ample opportunities for the green energy development and further create new avenues for market participants.

Increased solar PV installation capacities across countries such as Mexico, India, Pakistan, Italy, Spain, the UK, and South East Asia is also expected to have a positive impact on the overall market.

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/solar-pv-glass-market

Further key findings from the study suggest:

• The global solar PV glass market demand was 139.9 million square meters in 2015 and is expected to reach 856.3 million square meters by 2024, growing at a CAGR of 22.6% from 2016 to 2024
• Utility emerged as the leading application segment and accounted for over 50% of total market volume in 2015. The segment is also expected to witness the highest growth of 23.9% over the forecast period. The huge market share of utility segment can be attributed to the various advantages offered, such as a contribution to sustainability, enhancement of branding and public relations effort, and reduction of the carbon footprint of facilities.
• Europe was the leading regional market with demand share 51.4% in 2015. The region mainly benefitted from the favorable regulations prevailing particularly in Italy, Spain and Belgium.
• Asia Pacific is expected to witness the highest growth of 22.7% over the forecast period. More than 45% of the manufacturers for solar PV glass are situated in China and Japan, which is expected to remain a key advantage for the regional market over the forecast period. Lower prices and favorable climatic conditions are also expected to benefit the regional market.
• The global solar PV glass market is fragmented in nature with major players trying to gain a strong foothold in the market. The key industry participants comprise of Asahi Glass Co. Ltd., Saint-Gobain S.A., Trina Solar Ltd., Xinyi Solar Holding Ltd., Nippon Sheet Glass Co. Ltd., and Guardian Industries.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/renewable-energy

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com

Micro Turbine Market is expected to reach USD 339.7 million by 2024

The global micro turbine market is expected to reach USD 339.7 million by 2024, according to a new report by Grand View Research, Inc. Micro turbines have been gaining advantage globally on account of their compact size and high-efficiency levels.

The technology is an ideal solution for generating clean energy in the environment. Cost effectiveness coupled with waste fuel utilization have been the major factors driving the global Micro Turbine Market. 

Changing grid operations are anticipated to establish as key industry opportunity for the product development. Increasing potential for greener energy solution is also expected to further augment industry revenue in over the forecast period. Growing investment initiatives to develop new generating capacity coupled with stringent environmental regulatory framework is anticipated to further enhance overall market growth in near future. 

Combined heat & power was the leading application segment and accounted for over 55% of total market revenue in 2015. Increasing initiatives to reduce global warming levels and installation of CHP is expected to drive this segment over the forecast period.

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/microturbines-market

Further key findings from the study suggest:

• 50 kW-250 kW emerged as the leading power rating sector and is anticipated to witness high demand in hybrid electric vehicle manufacturing. The segment accounted for 38.3% of total market revenue in 2015. It is also expected to witness the highest growth of 11.1% over the forecast period.
• Industrial was the leading end-user and accounted for over 50% of total market revenue in 2015. Micro turbines find application in construction, oil & gas, mining, waste water treatment and pharmaceutical industries. Expanding product application in waste water treatment is expected to establish as growth opportunity for this segment.
• North America was the leading regional market and accounted for 37.7% of global revenue in 2015. Shale gas boom in the region is expected to significantly contribute towards industry enhancement in the near future. Nuclear plants decommission coupled with strict environmental regulations are anticipated to augment European market over the forecast period.
• Major companies include Bladon Jets, Capstone Turbine Corporation, Microturbine Technology BV, Calnetix Technologies LLC., ICR Turbine Engine Corporation, Eneftech Innovation SA, Brayton Energy LLC, Toyota Motor Corporation, Flexenergy, Inc, Ansaldo Energia S.P.A., NewEnCo. and Wilson Solarpower Corporation.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/power-generation-and-storage

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com

Hydraulic Fracturing Market is expected to reach USD 81.10 billion by 2024

The global hydraulic fracturing market is expected to reach USD 81.10 billion by 2024, according to a new report by Grand View Research, Inc. Growing E&P companies’ concern towards declining production rates in conventional hydrocarbon reserves along with shifting focus towards developing unconventional oil & gas blocks globally is anticipated to drive the market growth.

Favorable initiatives by the U.S. and Chinese government in the form of financial aids, tax incentives and easy provision of FDI in the hydrocarbon sector are estimated to steer the industry expansion over the next few years. Several bans, moratoriums and pubic concerns regarding environmental impacts of the technology particularly in counties including France, Tunisia, Bulgaria, Romania, and South Africa are expected to remain key challenges for the industry participants over the forecast period.

Plug & perf technology dominated the global hydraulic fracturing market accounting for over 80% of the total revenue in 2015. The technique enables multistage fracking in cased holes and is widely used in tight oil and shale completions particularly in the U.S.

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/hydraulic-fracturing-market

Further key findings from the study suggest:

• Proppants emerged as the largest fracturing materials with net revenue expected to exceed USD 14.0 billion by 2024. Ceramic proppants are anticipated to grow at an estimated CAGR of 7.6% from 2016 to 2024.
• Shale gas dominated the global demand and accounted for 30.2% of the total hydraulic fracturing revenue in 2015. The emergence of the shale boom in the U.S. along with increasing acreage of shale basins globally particularly in China and Canada is expected to drive market growth in the segment. The U.S. hydraulic fracturing demand in tight gas formations was valued at USD 6.01 billion in 2015 and is expected to grow at a CAGR of 8.7% from 2016 to 2024.
• North America hydrofracking industry dominated the global demand and is anticipated to remain the largest regional market over the forecast period. The regional market is anticipated to witness moderate growth over the next eight years to exceed a net worth of USD 65.0 billion by 2024.
• Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to large available technically recoverable unconventional oil & gas reserves and increasing FDI flow in the hydrocarbon sector in China, India, and Australia. The region accounted for 6.6% of the global revenue in 2015 and is expected to grow at a CAGR of 12.1% over the next eight years.
• The global hydraulic fracturing market was dominated by major oilfield services companies including Baker Hughes, Schlumberger, Halliburton, Weatherford, Calfrac Well Services, Cudd Energy and FTS International.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/conventional-energy

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com

Battery Market is expected to reach USD 132.55 billion by 2024

The global battery market is expected to reach USD 132.55 billion by 2024, according to a new report by Grand View Research, Inc. Majorly consisting of primary and secondary batteries, the growth will be attributed to growing demand for secondary batteries that are rechargeable on account of rising demand for smart gadgets and electronics such as tablets, smartphone and other portable devices including the digital camera and laptop. 

Technological advancements in terms of cost reduction and enhanced efficiency are expected to open new avenues for the global market over the forecast period. Rising use in aircraft emergency systems in case of non-availability of APU’s for braking, ground operations and restarting the APU is expected to fuel high capacity battery demand. Low cost and high density of lead acid battery will encourage use in an emergency power supply and grid storage applications thus supplementing the market growth.

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/battery-market

Further key findings from the study suggest:

• Li-ion based batteries are expected to emerge as the most dominant segment owing to the growing demand in the automotive industry coupled with portable devices and electric power trains. The auto industry is experiencing high growth in plug-in hybrid and electric vehicles segment which is expected to propel demand. In addition, successful commercialization and lucrative incentives have been encouraging OEMs to introduce new hybrid and electric models in the market.
• Ni–Cd batteries find applications in portables devices such as wireless & cordless telephones and emergency lighting, rising use for which will drive market demand. Growing application scope in railways for emergency braking, locomotive starting, air-conditioning, coach lighting and power for signaling will further propel growth.
• Industrial application accounted for over 30.0% of the global market in 2015. The industrial application includes wheelchairs, golf carts, aviation, satellites, grid storage, forklifts and power tools. Rising energy requirements have resulted in increased use of storage applications on grid and off grid which has directly impacted demand for battery storage systems. Rapid industrialization in emerging economies of Asia Pacific and Latin America will utilize batteries in UPS devices, material handling systems, and power tools thus fueling market demand.
• Asia Pacific dominated the global battery market with revenue over USD 23.00 billion in 2015 on account of the presence of a majority of manufacturers in Japan and South Korea. Budding consumer electronics industry in India, Malaysia, Singapore and Thailand is expected to result in high demand for lithium-ion batteries in the next eight years. Increasing automobile production in India and China is projected to propel demand for lead acid batteries in the near future. In addition, laxity for regulations in these countries regarding automotive emissions and fuel efficiency is expected to provide immense potential for market growth.
• The global industry includes major conglomerates such as Hitachi, Sony, LG, Panasonic and GS Yuasa. Companies are moving towards lithium ion battery manufacturing owing to high potential in consumer electronics and electric vehicle market. Key companies are engaged in manufacturing of batteries with varying capacities suitable for different applications. Automotive Energy Supply Corporation and Panasonic are major shareholders in the lithium-ion electric vehicle segment. In February 2016, Johnson Controls Inc. made investments in its facility in Germany to improve its production capacity.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/power-generation-and-storage

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com

Solar Pumps Market is expected to reach USD 3639 million by 2022

The Global Solar Pumps Market is expected to reach USD 3,639.0 million by 2022, according to a new study by Grand View Research, Inc.  Strong shift in trend towards replacing diesel and electric pumps in order to reduce reliance on conventional energy is expected to drive the global solar pumps market. Increasing government support in the form of subsidies and tax benefits particularly in emerging markets of Asia Pacific and Africa is also expected to have a positive influence on the market growth over the forecast period. However, higher upfront investment cost compared to its conventional counterparts is expected to remain a barrier for market participants.

DC surface suction pump was the largest product segment and accounted for 83.4% of the total market volume in 2014. Increasing micro-irrigation activities coupled with continuous & clean drinking water supply in remote places with irregular electric supply is expected to drive this segment over the forecast period. AC submersible pump is expected to witness the highest growth of 40.7% from 2015 to 2022. Increasing adoption of AC submersible pumps particularly in high growth markets such as India and Bangladesh is expected to drive this segment over the next seven years.

To request a sample copy or view summary of this report, click the link below:

http://www.grandviewresearch.com/industry-analysis/solar-pumps-market

Further key findings from the study suggest:

• Global solar pumps market was 120,786 units in 2014 and is expected to reach 1,571,028 units by 2022, growing at a CAGR of 38.1% from 2015 to 2022.
• Agriculture was the largest application segment and accounted for 62.9% of total market volume in 2014. Agriculture is also expected to witness the fastest growth of 38.5% from 2015 to 2022. Increasing agricultural activities in emerging markets such as India, China, Bangladesh, Morocco and South Africa is expected to drive this segment over the forecast period.  
• Asia Pacific emerged as the largest regional market and accounted for 33.0% of total market volume in 2014. Asia Pacific is also expected to be the fastest growing regional market for solar pumps. The region is expected to grow at a CAGR of 43.4% from 2015 to 2022. Government support to the farmers in the form of subsidies particularly in China, India and Bangladesh is expected to drive the regional market over the forecast period. Middle East & African solar pumps market is expected to exceed USD 600 million by 2022.  
• Global solar pumps market is characterized by a mix of both large MNCs and small regional companies. Some major companies operating in the global market include Lorentz, TATA Power Solar Systems Ltd, SunEdison, CRI Group, Bright Solar, USL and Shakti Solar Pumping System.

See More Reports of This Category:

http://www.grandviewresearch.com/industry/renewable-energy

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: www.grandviewresearch.com