Energy and Power Latest Reports

  Thermal Energy Storage Market -Overview The easy availability of thermal energy sources is predicted to push the thermal energy storage market 2020. The energy & power industry reports are produced by Market Research Future, which highlights market options for expansion. Te revenue of USD 7.70 billion by 2025 can be accomplished with a 10.25% CAGR in the upcoming period. The emphasis on renewable energy generation is anticipated to foster the development of the  thermal energy storage market .  The support of government initiatives is predicted to motivate the thermal energy storage market share in the impending period. The upsurge in demand for HVAC facilities is predicted to boost the thermal energy storage market size in the coming years. Segmental Analysis The segmental insight of the thermal energy storage market has been conducted based on storage material, technology, region, and end-use. On the basis of technology, the thermal energy storage market consists ...

  Market Scope Submarine power cable market 2020 can expect to advance at a rate of 11.06% between 2016 and 2025 (assessment period), confirms Market Research Future (MRFR). Top Boosters and Key Challenges The  Submarine Power Cable Market  can maintain decent growth in the following years, since the demand in the offshore wind power sector and in island and inter-country power connections is intensifying with each passing year. The increasingly broadening offshore oil and gas platforms combined with the increasing use of offshore wind farms also benefit the submarine power cable market. High funding from private companies as well as the government along with the surge in strict regulations facilitating an energy efficient environment can lead to industry growth. The growing inter country transmission network that supplies power underwater also paves way for a favorable market scenario. Rampant peak load demand around the world gives way to mounting concerns with regard t...

  Global Gas Insulated Substation Market Report According to the market report, the Gas insulated substation Market Size is expected to grow at a rate of USD 29.5 billion by 2025, at a CAGR of 9.27%, from an estimated USD 18.9 billion in 2020.  Market Overview The  gas-insulated substation market  is a high voltage substation with hexafluoride gas as the insulating medium. It is a compact structure and is in high demand as there is less availability of land, and the power demands are increasing at lightning speeds. The features like efficiency, low maintenance, flexibility, and others make it suitable for usage at maximum facilities and are gaining adoption from around the world.  Gas Insulated Substation Market  have loftier dielectric properties compared to traditional air-insulated mechanisms, which has boosted the demands and replaced them. As smart city projects are boosting, the demands for such smart alternates are also rising. Also, the increas...

 OCTG Market is projected to rise with  CAGR of 7.09%  through 2027.  Oil country tubular goods (OCTG) market  are components used in the production of oil and gas from wells. Proper use of OTCGs may help to reduce the probability of mishaps, hazards, and risks that eventually reduce the cost of production of a company. OCTGs are tubular products used in the production and exploration activities on offshore and onshore reserves. OCTGs are a group of seamless rolled products consisting of drill pipes, casings, and tubing, which are subject to loading conditions in accordance with their particular applications. These products are some of the critical tools used in the oil and gas exploration process. Market Research Future (MRFR) report on the global oil country tubular goods market is a detailed assessment that provides a holistic overview of the industry. The report examines the COVID-19 overview of the  global Oil Country Tubular Goods Market  and off...

  Market Scenario The global  digital fault recorder market  2020, according to MRFR, is projected to grow at a moderate 4.75% CAGR during the forecast period, as this technology is still in its emerging stage.  Market Highlights The major drivers of growth on the  global digital fault recorder market  are an increase in the need for reliable power supply systems and increased digital substation-related demand. As a result, growing demand for digital substations has become the key factor for the global digital fault recorder market to expand. In addition , increased government spending in power grid technology is expected to push the remote fault recorder industry in order to improve the efficiency of power networks. Such investments would help to improve the efficiency of the power grid. Including growing concern of protecting the environment, Various energy efficiency targets need to be achieved and digital fault recorder devices can be of assistance in t...

  Temporary Power Global Market – Overview The global  Temporary Power Market  is a very dynamic market and is expected to witness high growth over the forecast period. The increased application of temporary power across various sectors is majorly influenced by the growing demand for uninterrupted & reliable power supply. Also, the increasing number of power outages and power failure in the developing and underdeveloped countries across the world is creating a huge demand for power backup devices, which is catered through temporary power devices. As per the study conducted by Market Research Future, the global market for temporary power is likely to grow at the CAGR of around 10%. Electricity has become a vital prerequisite for augmenting economic activity and improving quality of life. The growing demand for uninterrupted and reliable power supply has become a necessity in today’s world. So as to support this growing need, a reliable source of power generation is req...

 Scrubber system market can rise by 10% CAGR during the forecast period (2018-2023), reveals Market Research Future (MRFR). The report further shares a possibility for the  scrubber system market  to scale a valuation from USD 1.12 billion in 2017 to USD 1.7 billion by 2027. The scrubber system can be regarded as an essential component in the regulation of air pollution. Maintaining a safe level of emissions in the industry has become the utmost important, considering the concerns posed by the authorities about environmental damage. As a result, in the scrubber system market, many companies are now incorporating scrubber systems into their manufacturing process. Scrubber systems protect the exhaust streams of factories and vessels from any gases or particulate. This lessens the amount of pollution in the air. The scrubber system operates by injecting liquid agents to wash unwanted pollutants out of the gas stream or by using dry reagents to flush out acid gases. It can al...

  Market Highlights Global  Smart Transformers Market  is expected to expand at ~ 11.5% CAGR during the forecast period. Smart transformers are transformers that incorporates a general transformer’s features with communication technology and monitoring software. Smart transformer operates autonomously to regulate voltage, maintain contact with smart grid to allow remote access, as well as it facilitates feedback in a power supply system. The remote access delivered by the smart transformers save time and resources of users. An instinctive monitoring function of smart transformers improves the reliability by keeping a guard on critical constituents, such as core, winding, and tap changer. Smart transformers safeguard electrical equipment from power variations, diminish energy consumption, and greenhouse emissions, and improve electrical appliance efficiency. It is eco-friendly and enables users to save money by utilizing energy efficiently. The smart transformers market is...

  Market Highlights Global  enhanced oil recovery market  is projected to witness ~ 15.7% CAGR during the forecast period. In the last decade, the oil and gas industry witnessed a decline in new due to a sharp drop in oil prices and the preference of energy shifting from oil to renewable sources of energy. To overcome the cost associated with new oil discoveries and reduce existing operational overhead costs, oilfield operators are looking for new techniques to boost oil production from existing wells. Moreover, 70% of the existing oil fields are nearing their operational lifetime or maturing, where oil extraction through primary and secondary methods will yield lesser oil than before. Enhanced oil recovery methods are expected to play a crucial role as they can enable oil extraction from mature oilfields. The global oil and gas industry is investing a lot in enhanced oil recovery methods as they are expected to play a key role in meeting the energy demands of the world. ...

  Market Highlights High speed motor market was valued at  11,658.4 with CAGR  of  4.25  from 2017 to 2023. The global   High-speed motor market  is expected to experience immense opportunities over the forecast period with the use of variable frequency drive. The motor system are responsible for more than 65% of energy consumption. To minimize power consumption, the motor control system must be installed with variable frequency drives, which reduces the energy consumption. The High-speed motor with variable frequency drive will result in lower energy consumption. Many manufacturers are adopting the use of variable frequency drive to optimize the cost of production. If the variable frequency drive is not installed with High-speed motor, then the speed control is quite difficult. To optimize the cost and control the speed of motor, High-speed motor with VFDs is expected to boost the market in future. Market Research Analysis Based on types of product, t...

 The  motor control centers market  witnesses increasing traction across the globe. The market growth attributes to the rising need for reliable electric supply and maximum safety in transmission & distribution networks. Besides, increasing investments into the replacement of matured electric grid structures with modern upgraded ones drive the growth of the market.   Moreover, subsequent investments in transmission & distribution networks, grid expansion, and developing safe electrical infrastructure escalate the market demand. According to Market Research Future (MRFR), the global motor control centers market is poised to grow at around 5.95% CAGR during the review period (2018-2023). Industrial usages of control centers currently hold a large market share in terms of volume.  The spurring rise in the industrial sector across the globe and rising small and medium voltage motor control centers in industries for safe operations boost the market ...

  Market Synopsis As per the analysis by Market Research Future Reports (MRFR), the  global small scale LNG market  is estimated to expand at a CAGR of 2.5 during the forecast period. The small-scale LNG market is estimated to have several developments during the forecast period. Lately, the small scale LNG projects have increased the demand for LNG and emerging markets as net exporters and importers. The market is expected to expand due to liquefaction providers providing plug-and-play concepts with a lessened operating cost, price tag, and deployment time. Besides, expansion initiatives taken by well-established and multinationals are also likely to boom the market. The increasing global demand for sustainable fuel sources is propelling market growth. The energy industry is facing restrictions due to the implementation of stringent rules against climate change, growing concern to avail cleaner and sustainable sources of energy, which restricts the market. The source fac...

  Market Synopsis As per the analysis by Market Research Future Reports (MRFR), the global artificial lift market is estimated to expand at a CAGR of 5.63% during the review period. The global artificial market 2020 is expanding because of the rise in shale oil and gas production and a decline in oil reservoirs. The rising inclination towards optimization and an increasing number of mature oil fields are estimated to be key factors of expansion. Besides, the decline in the price of oil is also likely to increase the demand for production-based services such as  Artificial Lift Market , pressure pumping, and better oil recovery in comparison to drilling services. Moreover, re-development of mature oilfields and growing offshore oil and gas discoveries are other factors that are estimated to present business opportunities to the global artificial lift market. However, lack of expertise and stagnant cost of oil are the factors that may restrict the expansion of the market. The su...

  Market Highlights The global market for grid connected PV systems is expected to grow at a ~15% CAGR during the forecast period, 2020–2026.  Grid connected PV systems market  are used to generate electricity by utilizing the solar energy and feeds the electricity back into the main electricity grid network. Global Grid connected PV systems Market, 2020–2026 In 2019, Asia-Pacific dominated the global grid connected PV systems market in terms of share: MRFR Request a Free Sample @  https://www.marketresearchfuture.com/sample_request/10457 The global grid connected PV systems market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia-Pacific is expected to hold the largest share of the market during the forecast period. The growing demand for on-grid solar energy sources and the government policies and schemes drive the growth of the grid connected PV systems market in the region....