Radioactive Waste Management Market is expected to rise at a remarkable CAGR By 2023

Radioactive waste is any solid, liquid or gaseous waste containing radionuclides and is no longer needed at the plant that must be managed and disposed safely.. Radioactive waste is broadly classified into low level, intermediate and high level waste depending upon the amount of radiation it emits, form of radiation and time span for which it will continuously emit radiation. Low-level waste is produce from industry, hospitals and from the nuclear fuel cycle. It includes clothing, tools, filter, paper and many more which contains small amount of short lived radioactivity.

Intermediate level waste contains high radioactivity and requires shielding during transportation and treatment for some material. It includes chemical sludge, waste material from decommissioned reactors, resins and metal fuel cladding which makes 4% of radioactivity and 7% of volume from radioactive waste. High level waste is produced when uranium fuel is burned in a nuclear reactor and it requires shielding and cooling as it is highly radioactive and contains heat above 2KW/m3. High level waste produce more than 95% of radioactivity during electricity generation.

Radioactive materials are widely used in industries, medicine, sterilization and Environment. Radiopharmaceuticals contains radioactive material which helps in the diagnosis and treatment of many diseases and can be inhaled, injected or taken orally as medicine. In industry radioactive material are used in civil engineering, process control in manufacturing hub, material analysis, surveillance of oil and gas pipe for leakage, oil and gas exploration, and industrial radiography. In agriculture sector radioactive material are used for food preservation, insect control and to improve the quality and production of food. Radioactive material also find its application in measuring soil quality, moisture content, and erosion rate. Sterilization is one the best application of radiation and can be used for sterilization of syringes, surgical gloves, dressings and heart valves after packaging. Radiation can also be used in sterilization of powder and ointment where traditional methods such as heating cannot be used. Radioactive material are used to monitor the environmental process which includes monitoring of pollutant, moisture and silt. Radioactive materials are also used to measure the pollution and effluent discharge from different industries, and the movement of sand around river and bays.

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Radioactive waste management prime objective is to insulate the radioactive waste from environment and human being for the period waste remains hazardous. European countries determined to set up a European Repository Development Organization (ERDO) to work together on nuclear waste disposal. Environmentally Safe Disposal of Radioactive Materials is composed of the organizations responsible for radioactive waste management in eleven countries: Canada (Ontario Power Generation), Belgium (ONDRAF/NIRAS), Finland (POSIVA OY), Japan (NUMO), Sweden (SKB), France (ANDRA), Germany (BfS, DBE), Spain (ENRESA), Switzerland (NAGRA), the United Kingdom (Nirex), and the United States (OCRWM).

Nuclear power is the only technology which can produce large amount of energy and takes responsibility of waste generated during the process and includes its full cost into the project. The radioactive waste generated during the nuclear power generation is very low as compared to the fossil fuel electricity generation. Safe method to dispose the high radioactive material is technically proven which makes it viable and are key drivers for it. However lack of knowledge and poor handling and treatment practices act as a restraint.

Some of the major players in radioactive waste management are Andra Sites International, Areva, Augean PLC, BHI Energy, Perma Fix Environmental Services, Sogin, SKB-Swedish Nuclear Fuel and Waste Management Co. and many more.

Preventive Measures to Address Industrial Power Outages will Provide Abundant Opportunities for Power Rental Market,reports TMR

Companies in a fragmented global power rental market, such as Aggreko, Caterpillar, APR Energy, Cummins Power, and Hertz, have prioritized acquisitions to remain relevant and competitive. The market features numerous large, medium and small sized companies, with the local players competing fiercely with top players, observes Transparency Market Research.

“Strategic acquisitions is one of the key growth models that top players in the global power rental market are focused on,” says the author of the report. For example, in December 2012, Sunbelt Rentals acquired JMR Industries, the latter being an energy rental specialist.

Investments in cutting edge technologies to develop innovative products is also what key players in this market are contending for. With innovative products, players in this market are driven for gaining a competitive edge. Contract-based alliances for transnational services is also a major expansion criterion that leading players in the power rental market are adopting.

Public Sporting Events to Hand Out Fresh Opportunities to Power Rental Companies

“The ever-increasing electricity demand that remains unfulfilled due to the grid instability of conventional grids is the prime factor driving the global power rental market,” says TMR analyst. The increasing grid insecurity leads to power outages, which in turn, halts industrial processes and daily operations.

The rising number of alternating power spikes and an increasing number of events are augmenting the growth of this market. The use of power rented units act as an alternative during complete shutdown of a power grid to circumvent blackouts. Large public events such as the Football World Cup and Olympic Games rely on power rental products to prevent power supply disruptions. Moreover, an increasing awareness among consumers about curtailing energy demand during peak hours is also augmenting the growth of the power rental market.

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“Increasing environmental concerns and limited product differentiation are major impediments to the growth of this market,” says TMR. The Environmental Protection Agency (EPA) has laid out stringent regulations regarding diesel power generators. Government regulatory agencies in several countries such as the U.S. take strict action against violation of harmful emission levels. The increasing focus on renewable energy and payment issues pertaining to power rental units in developing and underdeveloped nations is further challenging the growth of the power rental market.

Asia Pacific Represents Significant Market for Power Rental Systems

The global power rental market is expected to reach a valuation of US$20.64 bn by 2019. Continuous power dominates the application segment of the global power rental market. However, peak shaving is expected to emerge as a significant application segment displaying a CAGR of 16.8% between 2013 and 2019. The Middle East and Africa (MEA) held more than 31% of the market in 2012. In the MEA, Saudi Arabia will emerge as a significant market for power rental due to the expanding infrastructure, increasing construction undertakings, and the need to fulfill energy needs in remote areas. Asia Pacific is expected to display a significant growth rate in the power rental market due to surging industrialization and urbanization in this region.

The information presented in this review is based on the report, “Power Rental Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2019.”

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

Wet Scrubber Market Advanced technologies & growth opportunities in global Industry by 2020.

The term wet scrubber describes a variety of devices that remove pollutants from a furnace flue gas or from other gas streams. In a wet scrubber, the polluted gas stream is brought into contact with the scrubbing liquid, by spraying it with the liquid, by forcing it through a pool of liquid, or by some other contact method, so as to remove the pollutants. The design of wet scrubbers depends on the industrial process conditions and the nature of the air pollutants involved. Inlet gas characteristics and dust properties are of primary importance. Scrubbers can be designed to collect particulate matter and/or gaseous pollutants. Wet scrubbers remove dust particles by capturing them in liquid droplets. The droplets are then collected with the liquid dissolving or absorbing the pollutant gases. The resultant scrubbing liquid must be treated prior to any ultimate discharge or being reused in the plant.

The uptrend in the wet scrubber market can be attributed to its many advantages. One benefit of installing wet scrubbers is that scrubbers reduce the temperature and volume of the unsaturated exhaust stream. Therefore, vessel sizes, including fans and ducts downstream, are smaller than those of other control devices. Smaller sizes result in lower capital costs and more flexibility in site location of the scrubber. In comparison to baghouses or Electro Static Precipitators (ESPs), wet scrubbers have no temperature limits or condensation problems and can handle high-humidity gas streams. Various dry dusts that are filtered through process plant chimneys can be flammable, the risk of which is eliminated by water spray. Moreover, wet scrubbers have the ability to collect both gases and particulate matter, and also ensure that they do not escape from hoppers or during transportation. In contrast, the market also faces a few challenges. Water and dissolved pollutants can form highly corrosive acid solutions, hence proper construction materials are very important. Also, wet-dry interface areas can result in corrosion.

Besides, high collection efficiencies for particulate matter are attainable, but only at high pressure drops, resulting in high operating costs. Furthermore, stringent government policies regarding disposal of waste-water, generated due to this process, requires plants to install sludge clarifiers or settling ponds to meet the regulations. Opportunities for this industry lie in the growing need to monitor air pollution, especially in the developing economies where industries are being set up and are thriving.

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Since wet scrubbers vary greatly in complexity and method of operation, devising categories into which all of them neatly fit is extremely difficult. Scrubbers for particle collection are usually categorized by the gas-side pressure drop of the system. Three broad categories are: low-energy scrubbers, medium-energy scrubbers and high-energy scrubbers. However, most scrubbers operate over a wide range of pressure drops, depending on their specific application, thereby making this type of categorization difficult. Another way to classify wet scrubbers is by their use - to primarily collect either particulates or gaseous pollutants. Again, this distinction is not always clear since scrubbers can often be used to remove both types of pollutants.

Regionally, the wet scrubber market is mainly concentrated in industry-oriented economies. The United States is the chief demanding country in the North American continent. The European section is being led by Germany, Norway, Turkey, Russia and the United Kingdom. The Asia Pacific expanse is dominated by demand from China, India, Japan, Malaysia, Australia and Indonesia. Countries from the Middle Eastern peninsula and Africa, along with Latin America represent the somewhat untapped segment of the industry.

Some of the major players in wet scrubber systems market are: KCH Services Inc., Croll Reynolds Company Inc., Met-Pro Environmental Air Solutions, Continental Blowers Inc., Fabritech Engineers, Severn Trent Services, Edlon Inc., Hamon Research Cottrell Inc. ,Beltran Technologies Inc. and others.

Emerging Nations Industrialization Proven a Solid Opportunity Energy Management Systems (EMS), Says TMR

According to Transparency Market Research (TMR), the key energy management systems players have a very strong grip on the global market. Siemens AG, Johnson Controls, Inc., and Schneider Electric SE are the top three players in this market and had collectively accounted for 50% of the revenue share in 2014. Emerson Process Management and Honeywell International operate on a global scale and hold wide energy management systems portfolios. Their products and services are a built to suit a wide array of end users.

Transparency Market Research suggests that players in the energy management systems can focus towards emerging economies such as China and India, where the rapid industrialization rates are generating a rich environment for the implementation of modern EMS services.

Energy management services are expected to receive a major boost over the coming years in the form of heavy investments by end users. Two core factors responsible for the high end user interest in energy management systems are the strengthening government regulatory efforts to impose EMS and reduce carbon footprints, and the ability of EMS to significantly reduce operations costs.

Another globally concurrent effort that will benefit energy management systems companies is the increasing focus on renewable energy sources. This factor is especially visible in Japan, China, Germany, and the U.S., where renewables are taking the foreground in terms of research, development and implementation.

Energy Management Systems Highly Sought for Operations Cost Reduction

“The cost of raw materials and cost of energy are the two largest expenses in a manufacturing plant, and are also the two most variable ones,” states a TMR analyst. For the majority of manufacturing industries, energy consumption is a leading expense that has to be managed. As energy supply dwindles, it is no longer feasible to simply hold a manufacturing process in full speed. There has to be a schedule for the processes and the use of modern equipment and systems that allow a company to cut back on the money spent on energy.

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“Take the iron and steel industry as an example,” continues the analyst, “From the total cost of the produced steel, nearly 20% to 25% arises from its consumption of energy. This can be reduced using EMS; in fact, the steel and iron manufacturers can achieve an energy consumption rate of up to 30%. In the long run, that can count for massive savings in power consumption and consequently, the cost of manufacturing.

A similar effect can be achieved on commercial structures. The annual energy consumption within the U.S. shows a 40% share taken up by commercial buildings. Currently, this amounts to about US$40 bn annually spent on energy alone. The energy management systems players need to provide optimal solutions to help reduce this energy consumption in order to gain a larger market share and demand.

Industrial Demand for EMS Will Continue to be the Largest

About 71% of the global energy management systems market was taken up by the industrial sector in 2014, based on applications. In that year, the global market was valued around US$9.8 bn. With a CAGR of 13.4% from 2015 to 2023, this market is expected to reach about US$36 bn by the end of 2024.

Although the industrial segment is expected to lose some of its share to the segments of home and buildings, it still leads the energy management systems market by a wide margin. Buildings and industries are expected to reach shares of about 25% and 9% each by 2024.

Key Segments of the Global Energy Management Systems (EMS) Market

Energy Management Systems Market: By Component

• Hardware Component
• Software
• Communications Networks
• Control System
• Sensors and Equipment

Energy Management Systems Market: By Application

• Industrial
• Building
• Home

Increasing Power Demand makes BRICS Nations a Lucrative Market for Smart Grid Technology, finds TMR

The top three companies – Sensus, Silver Spring Networks, and Siemens - along with the five other key players, Aclara, Schneider Electric, Landis+Gyr, Itron, and Alstom, account for nearly 60% of the global smart grid market, reports Transparency Market Research in a new study. The lack of clear leader in this space is likely to take competition to a new high in the short term, TMR expects. However, capital-intensive investment and limited scope of product differentiation hamper the entry of new players in the smart grid market. “The high growth rate of global smart grid market can be very encouraging for the new entrants, but the various government incentives for the deployment of smart grid can potentially inhibit their entry,” the author of the study states.

Excellent Inherent Operational Efficiency Likely to Boost Deployment of Smart Grids

The three most promising advantages of the smart grid technology are likely to cater the various power related issues across the globe. First, the enhanced operational efficiency helps in resolving the excessive consumption of electricity. Emerging countries such as Brazil, Russia, India, China, and South Africa are anticipated to register a rapid rise in the demand for power. This calls for the development of such end-use appliances and infrastructure that can operate at lower power levels efficiently. Hence, the growing need for efficient devices coupled with increasing demand for power is estimated to bolster the growth of global smart grid market.

Heavy transmission and distribution losses are unaffordable with the increasing population and industrialization across the globe. The smart grid technology minimizes these losses by providing an uninterrupted supply of electricity, thereby eliminating wastage of power units. Moreover, deployment of smart grid can potentially eliminate the cases of electricity theft. Annually, the technology can reduce power transmission and distribution losses between 5% and 10%.

The third advantage of the smart grid is most applicable to countries such as India, where a large population is still not connected to the conventional grid. The deployment of smart grid in such areas can substantially increase the growth rate of global smart grid market.

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Government Regulations Help Smart Grid Market Grow in North America and Asia Pacific

The key reason for the impressive growth in the two regions is their government policies that facilitate the smart grid business. Incentives for smart grid are expected to increase efficiency in generation and licensee operations, enhance network security, manage electricity infrastructure effectively, improve customer and proactive consumer service level, integrate renewable and decentralized generation into the grid, and enhance network visibility and access.

Transmission Upgrades to Lose Share to Advanced Metering Infrastructure

“Smart grid technology is a step towards better communication infrastructure and advanced automated system,” states TMR analyst. The global revenue of smart grid market was US$ 37.68 bn in 2012 and is anticipated to rise to US$118.12 bn by the end of the year 2019. By technology, the market has been segmented into Advanced Metering Infrastructure (AMI), Distribution Automation (DA), Communication Technologies (CT), Cyber Security (CS), Transmission Upgrades (TU), and Software and Hardware (S&H). Transmission Upgrades, which was at US$27.66 bn in the year of 2015, is expected to rise to US$53.34 bn in terms of revenue by 2019. The segment will maintain its leadership throughout the period, however, the growing popularity of advanced metering infrastructure may result in reduced shares of the former.

In terms of geography, Asia Pacific leads the market and is expected to retain its leadership with 47% share in the global market by the end of 2019. North America stood second in terms of market share and is anticipated to account for 21% share by the end of 2019.

Global Smart Grid Market is segmented as follows:

Smart Grid Market: Technology Analysis

• Advanced Metering Infrastructure
• Distribution Automation
• Software and Hardware
• Communication Technologies
• Transmission Upgrades
• Cyber Security

Coriolis Meters Market Growth and Forecast 2015 - 2023

Coriolis meters have attained popularity worldwide in various liquid applications in the past two decades. New designs have remarkably improved lower pressure drop and low flow sensitivity and are immune to noise factors which enable their successful use in the fluid applications. With more than 20,000 units running on gas around the world, various groups such as API, AGA, Dutch NMi and German PTB are all involved in writing standards for this gas flow technology.

Coriolis is one of the rapid growing technologies and growth in gas phase applications is approximately four times faster as compared to liquid applications. Older designs are known to have some well justified limitations for use on gas. Generally, a high pressure drop is required to obtain a high accuracy flow reading and large meters did not work properly due to sensitivity towards noise and effects of process pressure. Since the market is rapidly growing, manufacturers are mostly focused on liquid applications.

New designs and advancements in technology since early 1990’s have transformed this, allowing an accurate gas flow measurement for even low pressure gases. Sensitivity has been dramatically improved and pressure drop has been lowered. Overall, it can be argued that coriolis technology solves large number of problems and offers more value for gases than for liquid measurements. This is because gases are compressible. With advancements in technologies parameters such as temperature, gas composition and process pressure are accurately measured and provides adequate flow conditioning for profile sensitive technologies.

Since Coriolis meters measures the flowing mass of gas and accuracy is independent of composition and profile, the meter is highly accurate under a wider range of operating conditions and is less costly to install and maintain.

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Coriolis meters are cost competitive with other metering technologies on an installed cost basis, in which installed cost includes: instrument purchase price, flow conditioning and straight runs, and temperature and pressure compensation.

Coriolis meter is composed majorly of two main components such as a sensor and a transmitter. Coriolis meters infer the gas mass flow rate by sensing the Coriolis force on a vibrating tube. Sensing coils are installed at the entrance and exit sections of the tube that move in proportion with the sinusoidal vibration. At the time of flow process, the vibrating tubes and gas flow join together owing to the Coriolis force, thereby generating a phase shift between the vibrating sensing coils. The phase shift is directly proportional to the mass flow rate.

Coriolis meters are majorly used for process control and a large number of worldwide approvals exist for fiscal transfer of liquids, which includes authoritative bodies such as USA NIST C.O.C., Dutch NMi, German PTB and USA API.

Rapid industrialization and increasing demand of energy are some of the major drivers of the coriolis meters market. However, high cost required for the maintenance of the meters can hamper the growth of the market. Ample opportunities are there for the coriolis meters market as it is easier to retrofit into existing applications than load cell systems.

Some of the key companies in the business of coriolis meters are FMC technologies, AW-Lake Company, Emerson Electric Co., Liquid Controls, Honeywell, Hoffer Flow Controls, Inc. and Burkert Fluid Control Systems among others.

Bunker Fuel Market Segment Forecasts up to 2020, Research Reports:TMR

Fuel utilized by shipping companies for fueling their marine fleet is commonly referred to as bunker fuel. Currently, fuel oil is the most widely used bunker fuel. However, apart from fuel oil, other middle distillate fuels are also utilized as bunker fuels. Bunker fuel costs account for approximately 70% of the total voyage expenditure for a vessel and ship operators prefer purchasing bunker fuel from ports where the cost is lower. Some operators prefer purchasing a major portion of the total fuel requirement for the voyage from a single port which offers bunker fuel at economical prices. However, this is not an industry-wide scenario as other operators may spread the total fuel purchase over numerous ports. The stringent sulfur emission standards, especially in Emission Control Areas (ECA), have gradually led shipping companies to adopt clean fuel grades. The middle distillate and low sulfur fuels are now being traded in all major ports of the world. Though marine fuel is traded at almost all ports around the world, a major volume of the overall trading activities are concentrated among a select number of ports. Ports that are strategically located along major transit routes have emerged as prime bunkering destinations. The Port of Singapore and Fujairah are large bunkering ports, which account for a significant share of the overall bunker fuel traded in the global market.

Asia Pacific is the most prominent market for the bunker fuel industry. The major commodity consumption centers in the world currently lie in the Asia Pacific region. The Singapore Port in Asia Pacific is currently the largest port in the world in terms of volumes of bunker fuel traded. Europe is home to some of the busiest trading routes in the world and the region houses numerous choke points, which have evolved into major trading routes. As a result, large bunkering ports have developed around these choke points across the region. Busy ports such as the Port of Rotterdam and the Port of Gibraltar have developed as highly attractive bunkering destinations owing to their presence near these choke points.

In the bunker industry, there are two primary kinds of fuels currently being used; distillate fuel and residual fuel. Among the two, residual fuel accounted for around 75% of global bunker consumption in 2013. The residual fuel oil segment comprises intermediate fuel oils (IFOs), among which IFO 380 and IFO 180 are the most preferred fuel grades. The IFO 380 fuel grade is relatively inexpensive compared to other bunker fuel grades, which are freely traded in the market. With majority of ship engines capable of combusting IFO 380, it is currently the most popular fuel grade in the bunker market. The IFO 380 grade is likely to exhibit moderate growth rates in demand during the forecast period.

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Currently, bulk and general cargo vessels account for a significant share of the overall bunker consumption. Cargo vessels generally require more time and manpower to carry out loading and unloading activities as compared to container vessels. As a result, container vessels are gradually substituting general cargo vessels in the global trade scenario. Owing to this substitution effect, general cargo vessels are likely to moderately lose out on market share to container vessels with respect to bunker consumption globally. Container vessels are likely to be the most attractive market segment for bunker consumption during the forecast period. Owing to the simplified loading and unloading procedures applicable for these vessels, they are being increasingly preferred over cargo vessels in major ports across the world. Tanker vessels also account for significant market share globally in terms of bunker fuel consumption. Major crude oil consumption and production centers such as Asia Pacific and the Middle East are expected to register a continuous increase in tanker trade throughout the forecast period.

Currently, bunker fuel is supplied in the global market by three seller categories: major oil companies, large independent bunker suppliers, and small independent bunker suppliers. Companies such as Chemoil Energy Limited and World Fuel Services Corporation offer bunkering services in all major ports of the world. On the other hand, companies such as Gazpromneft Marine Bunker LLC and Lukoil-Bunker LLC operate only in restricted regions. Leading independent distributors that own physical assets such as storage terminals and blending facilities in major bunkering ports have additional advantage over small independent distributors. The financially stable large distributors are in a better position to acquire these physical assets in large ports as compared to smaller distributors. With increasing demand for bunker fuel from developing regions of Asia Pacific, bunker supplying companies are expected to expand operations in major ports of this region.

Global Natural Gas Liquids Market to Register 7.16% CAGR from 2016 to 2024, Thanks to Healthy Demand from Petrochemical Industry

Natural gas liquids are light hydrocarbons that are composed exclusively of hydrogen and carbon molecules. The chemical composition of natural gas liquids is similar to the molecular composition of crude oil and natural gas. Natural gas liquids are manufactured within a gas stream and find application in diverse industries. Several natural gas liquids can be extracted via an absorption procedure, which includes the passing of mixed gases across a pool of gas-absorbing oil. This process holds the heavier hydrocarbons but allows methane to move over. The growing demand for and rising investments in the production of natural gas liquids are expected to fuel the growth of the global market in the near future.

In 2015, the global natural gas liquids market stood at 7,982.63 kilo barrels/day and is estimated to be 14,806.59 kilo barrels/day by the end of 2024. The global natural gas liquids market is estimated to exhibit a 7.16% CAGR between 2016 and 2024.

Increased Use in Petrochemical Industry to benefit Global Natural Gas Liquids Market

The global market for natural gas liquids can be classified on the basis of type into ethane, normal butane, isobutane, propane, and pentanes plus. In 2015, the ethane segment dominated the overall market, holding a 45% share in the global natural gas liquids market. The rapid growth of this segment can be attributed to the growing application of natural gas liquids in the petrochemicals industry around the world. In the same year, the propane segment accounted for a 45% share in the overall natural gas liquids market owing to its increased use in households for cooking and heating purposes. Normal butane, pentanes plus, and isobutane are used as fuel for lighters, blended vehicle fuel, and several other applications in diverse industries.

The increasing use of shale gas resources and the mounting use of natural gas liquids in the petrochemical industry have encouraged the production of natural gas liquids globally. On the flip side, the growth of the global natural gas liquids market is restrained by the growing use of substitutes, including naphtha. However, the decreasing natural gas prices would offer a strong opportunity for the growth of the global market for natural gas liquids in the next few years.

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The Middle East Dominated Global Natural gas liquids Market in 2015

The global market for natural gas liquids can be divided on the basis of geography into North America, Latin America, Europe, the Middle East, Asia Pacific, and Europe. In 2015, the Middle East dominated by accounting for a 40% share in the global natural gas liquids market, followed by North America. In 2015, North America held a 30% share in the global market. The other regional segments including Europe, Latin America, Africa, and Asia Pacific collectively accounted for less than a 10% share in the global market for natural gas liquid.

The prominent players operating in the global market for natural gas liquids include SM Energy, Swift Energy Company, BP Plc, Linn Energy LLC, ConocoPhillips Company, ExxonMobil Corporation, Chesapeake Energy Corporation, Range Resources Corporation, Royal Dutch Shell Plc., and Statoil ASA.

Asia Pacific to Present Most Promising Opportunities for Development of Power Transmission Towers and Cables, says TMR

The increasingly dynamic operating environment with the integration of renewable and distributed power resources in conventional grid infrastructure will have a major impact on the future development of the global power transmission towers and cables market, states a recent report by Transparency Market Research (TMR). The vast number of companies operating in the highly fragmented marketplace will benefit from the rising demand for upgradation of old or technologically outdated grid infrastructures. Asia Pacific is home to some of the largest vendors in the power transmission towers and cables market, including Sumitomo Electric Industries Ltd., KEC International Ltd., ShanDong DingChang Tower Co. Ltd., Nanjing Daji Iron Tower Manufacturing Co. Ltd., Zhejiang Shengda Steel Tower Co. Ltd., and Kalpataru Power Transmission Ltd.

Mounting Demand for Electricity to Lead to Expansion of Grid Networks

Uninterrupted and high quality electricity supply being central to several developments in today’s increasingly digitized world, the vast rise in the global demand for electricity forms the backbone of the global power transmission towers and cables market. In addition to this factor, rapid industrialization and urbanization will be the major factors encouraging developments in the market in the next few years.

The need to adapt to the dynamically changing grid infrastructures, owing to the rising integration of renewable power sources in conventional grids, and dynamically changing load profiles will lead to technological advancements in the sector. The market will also witness significant development in response to the need for upgrading grid elements to technologically advanced ones, demand for which is driven by the increasing complexity of transmission networks and the constant rise in power flow.

However, the market will be hampered to a certain extent owing to the emergence of wireless power transmission technologies such as laser beaming and solar and magnetic resonant induction coupling in the next few years. Known to minimize electrical energy losses and grant increased convenience of energy transfer, these technologies will see increased adoption from utilities looking for ways of achieving increased power efficiency. Adoption of these technologies will, to an extent, limit the need for overhead cables and above-ground power transmission towers.

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Urgency for Grid Upgradation in Emerging Countries to be Key Enabler of Growth

The markets for power transmission towers and cables in developed regions will be driven majorly by the vast and rapid changes in power flows and operating environment associated with the rising inclusion of renewable and distributed power resources in grid infrastructure. Additionally, the aging of grid components in these regions will also be a major driver of the power transmission towers and cables market.

In developing regions such as Asia Pacific and Africa, limitations in existing grid infrastructure will lead to the increased demand for technologically advanced power transmission towers. Existing products in grid infrastructure in these regions, including circuit breakers, fixed shunt reactors, and conventional transformers, will not be able to deal with situations such as higher power and quality demands of modern digital devices, load variability, and increasingly complex and long interconnections. Thus, power transmission towers will be subjected to numerous changes in regards with design, control mechanism, and safety and security features in the near future, driving increased demand for tower maintenance and upgradation services.

Asia Pacific will account for the largest share in the global market for power transmission towers and cables in terms of both volume and revenue generation, with nearly 44% and 49%, respectively, in the global market by 2023.

Transparency Market Research projects that the global market for power transmission towers and cables will tread along a healthy growth path over the next few years. Expected to exhibit a CAGR of 7.15% over the period between 2015 and 2023, the market will rise from a valuation of US$7.62 bn in 2014 to US$13.90 bn by 2023.

For the study, the market is segmented as follows:

Global Power Transmission Towers and Cables Market: By Type

• Power Transmission Towers
• Power Transmission Cables

Global Biochar Market Share 2014 - 2020

A new Transparency Market Research report states that the global biochar market revenue stood at US$229.3 million in 2013 and is predicted to reach US$572.3 million by 2020, expanding at a 14.8% CAGR between 2013 and 2020. Additionally, global commercial biochar production is projected to rise from 100 kilo tons to 300 kilo tons in the same timeframe, expanding at a 20.1% CAGR. The title of the report is “Global Biochar Market - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2014 – 2020”.

The technological segmentation is in terms of the equipment and process. The key biochar production processes are slow, fast, and intermediate pyrolysis, microwave and gasification pyrolysis. The equipment utilized in biochar production includes batch pyrolysis kiln, continuous pyrolysis kiln, gasifier, cook stove, and others including microwave pyrolysis and rotary kiln. The key types of feedstock utilized in biochar are biomass plantation, forestry waste, animal manure, and agricultural waste. Furthermore, on the basis of geography, the global biochar market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW).

Though biochar is still a developing sector and is presently at a nascent stage, the global biochar market is anticipated to expand rapidly in the coming years because of its benefits to agriculture, such as high fertility and enhanced soil structure, along with other ecological advantages such as nutrient retention and stability. It also helps reduce greenhouse gas emissions. Biochar has a large number of uses in the procedure of soil amendment. Products based on biochar are helpful in the production of healthy humus utilized in the soil, biochar helps in maintaining the pH value of the soil. Some other advantages of biochar in soil amendment are raising the water retention capacity of soil, enhancing seed germination, and preventing insects and fungus from infecting the plants. Due to these benefits, the global market for biochar will develop expeditiously in the coming future.

Furthermore, the biochar industry can also provide employment opportunities, coupled with enhanced quality of food, thereby improving the overall health of consumers. Biochar certification and standards programs, namely IBI Biochar certification, IBI Biochar Standards, Biochar Risk Assessment Framework (BARF), and European Biochar Certificate, are becoming popular all around the globe, which will ensure the long-term future of the biochar market. Prominent factors driving the biochar market include availability of cheap feedstock, potential for waste management, and the eco-friendly nature of biochar. Additionally, the progressive activities of research and development initiated by numerous universities and institutes all around the globe is further predicted to help the market.

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Nonetheless, the present technological unpredictability, absence of consumer awareness, monetary constraints, and strict regulations posed by several governments are some of the restraints impeding the growth of the global biochar market. LLC, Biochar Products, Inc., Agri-Tech Producers, Cool Planet Energy Systems Inc, Diacarbon Energy Inc., Blackcarbon, and Genesis Industries are amongst the major players in the global biochar market.

The global biochar market has been segmented as follows:

Biochar Market: Geographical Analysis

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

Biochar Market: Feedstock Analysis

• Forestry Waste
• Biomass Plantation
• Agriculture Waste
• Animal Manure

Biochar Market: Equipment/Technology Analysis

• Continuous Pyrolysis Kiln
• Gasifier & cookstove
• Microwave Pyrolysis
• Batch Pyrolysis Kiln

Biochar Market: Manufacturing Process Analysis

• Fast & Intermediate Pyrolysis
• Slow Pyrolysis
• Gasification
• Microwave Pyrolysis

Energy Efficiency Benefits to Drive Green Building Materials Market Globally

Green building materials are substances used to bring about sustainability of green buildings from design of the structure to demolition. These materials are the preferred choice owing to their energy efficiency. For these reasons, the demand for green building materials has increased significantly in recent years. The aim of green buildings is to develop ecologically sustainable and efficient structures that don’t significantly harm the environment. Some green building materials used for construction are fiberglass, cellulose, cotton, and mineral wool; these are known to be eco-friendly, less toxic than conventional materials, and have insulating properties that help reduce energy consumption within the structure.

Increasing Health Awareness to Drive the Demand for Green Building Materials

The green building materials market is driven by growing government initiatives for green buildings that are good for human health and consequently growing demand from the construction industry. The green building materials market was valued at US$106.32 billion in 2012 and is anticipated to reach US$234.77 billion by 2019, growing at a CAGR of 12.5% in the period.

The global green building materials market is segmented by three perspectives, namely application, end user, and geography. Based on application, the green building materials market is classified into interior finishing, framing, roofing, exterior siding, insulation, and others. The insulation application segment held a 21% share of the global green building materials market in 2012. The growing demand for fiberglass, cellulose, mineral wool, and cotton is anticipated to drive this segment of the market.

The growing demand for eco-friendly substances from green roof manufacturers is anticipated to drive the roofing application segment in coming years. The interior finishing application segment is expected to be driven by rising demand for glue and paints that are free of volatile organic compounds (VOCs) and carpet tiles that constitute recycled material. The framing application segment of the green building materials market is expected to be driven by demand for nonconventional materials such as engineered lumber, steel constituted with recycled material, autoclaved aerated concrete, and structural insulated panels.

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Residential and Commercial Expansion to Drive Green Building Materials Market in Asia Pacific

By end-use industry, the green building materials market is segmented into healthcare, R&D centers, public facilities, industrial and commercial, education, and residential. In the end use segmentation, public facilities accounted for the largest market share due to growing regulation supporting green buildings.

The growing urbanization in Asia Pacific and Rest of the World (RoW) has led to the expansion of public facilities and hence contributed to the growth of this end use segment. Additionally, industrial expansion and growing number of R&D centers will propel the regional markets for green building materials.

Geographically, the green building materials market is segregated into North America, Asia Pacific, Europe, and Rest of the World (RoW). North America leads the green building materials market globally, accounting for 40% of total consumption. Europe adheres to strict regulations pertaining to green technology and hence implements green technology for renovation and retrofitting projects. Europe accounted for 32% of the green building materials market in 2012 and is anticipated to grow further in coming years. The Asia Pacific and RoW regional markets are anticipated to experience increased demand for green materials owing to government initiatives and unfavorable climatic conditions. These regions are expected to be the most attractive for green building materials in the coming years.

Some of the major players listed in the green building materials market are E.l. du Pont de Nemours Company, Certain Teed Corporation, BASF SE, Owens Corning, Kingspan Group plc., Alumasc Group Plc, Binderholz Gmbh, Redbuilt LLC, Forbo International SA, Amvik Systems, Reward Wall Systems, and Structurlam Products Ltd.

Nuclear Fuel Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2016 - 2024

Nuclear Fuel Market for Marine Propulsion Systems: Overview

Marine industry is anticipated to grow during the forecast period as it is one of the largest means of transportation. This will increase the consumption of marine fuels. Combustible fuel is the primary means of powering a shop across the globe. However, harmful effects of unburnt fuel and air pollution are concerning factors for maritime. This is expected to increase the demand for nuclear fuel for marine propulsion systems.

Maritime transport accounts for approximately 3% of global greenhouse gas (GHG) emissions and this is a major contributor to contamination close to ports and coastal areas, many researching organizations have been conducting research on alternative fuel for ships. Nuclear propulsion is proved to be a more efficient compared to other alternative fuels to combat the reliance on combustible fuel.

Nuclear Fuel Market for Marine Propulsion Systems: Key Growth Enablers

Nuclear fuel for marine propulsion systems is becoming increasingly popular due to its negligible emission through nuclear propulsion. Factors such as installation, maintenance, safety concerns for the crew and disposal cost were obstructing the use of nuclear as a fuel for marine propulsion system, however these hurdles are slowly being overshadowed, as more funds are being invested by many countries for marine industry worldwide. The nuclear reactor produces heat on the ship, which is used to generate steam that is used to power turbines.

Nuclear fuel can be used in two ways for propulsion such as in combination with conventional marine fuels and an only fuel on the tanker. The percentage of conventional fuel substituted with nuclear fuel will have a direct impact on the vessel’s emissions including greenhouse gases. For marine propulsion nuclear fuel can be of different type depending on the fusion capability such as thorium, uranium and plutonium.

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Nuclear Fuel Market for Marine Propulsion Systems: Segmentation

The global nuclear fuel market for marine propulsion systems can be segmented on the basis of different types of propulsion used on ships and vessels that need to be self supporting for extended periods without refueling such as ultra large crude carriers (ULCC) and very large crude carriers (VLCC). The U.S. was the pioneers of nuclear fuel as marine propulsion in 1940 and after the success of the research; first nuclear-powered submarine USS Nautilus began its voyage in 1955. Later on this technology was similarly implemented for cargo and other vessels. Britain, France and Germany in Europe are spending on R&D to use nuclear fuel for marine propulsion systems. China has also initiated research on the use of nuclear energy for marine propulsion. The Russian fleet known as ice-breaker is one example, where nuclear power is fully adapted operating in the northern sea route.

Environmental concerns, stringent emission norms, availability of fossil fuels, cost of conventional fuels and energy security are some of the factors driving the global nuclear fuel market for marine propulsion systems. Some of the regions that are likely to provide lucrative opportunity for nuclear fuel for marine propulsion systems includes North Sea, the Baltic, Sea of Marmara, Hong Kong, parts of the coastline of Guangdong in China and a zone extending 200 nautical miles from the coastline of North America due to stringent emission norms.

Some of the key players for nuclear propulsion retrofitting and new installation are China Ocean Shipping Company (COSCO), Bechtel Marine Propulsion Corporation, Westinghouse Electric Corporation, General Electric and Babcock International Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

Wind Energy Foundation Market Advanced technologies & growth opportunities in global Industry by 2024.

Wind Energy Foundation Market: Overview

As reforms and policies stressing on adaptation of renewable energy are increasing, wind energy is expected to occupy a major market share of global power production in coming years. Demand for clean energy as well as depletion of conventional reserves have promoted use of renewable energy resources. Wind energy structures can be segmented on basis of location as offshore and onshore projects. Offshore wind turbines are now being installed in deep water also. These structures are extremely huge and heavy. The tower constructed for wind turbines carry weight of blades and also absorb static loads caused by fluctuations in wind power. Along with tower, foundation also carries weight of these structures. Hence to guarantee stability of wind energy project, the foundation should be strong enough to handle pressure exerted by slender structure above it.

Foundation refers to support structure or geotechnical component for wind turbines situated between tower and seabed. In case of onshore wind energy project, foundation is constructed on different types of terrains under challenging soil and environmental conditions. For onshore construction, foundations can be segmented as raft, pile, and well foundations, among others. Raft footing is among frequently used structures and comes in different shapes depending upon various factors such as wind class, type of tower, and turbine capacity. The foundation designs varies according to the project, ground conditions, and the local rules and regulations.

Wind Energy Foundation Market: Segment-wise Insight

For offshore wind energy projects, foundation structures can be classified as mono-pile, jacket-pile, gravity-type, tripod and suction caissons. Mono-pile comprises of steel pile that is situated at around 30-60 ft. into the seabed. Mono pile is among the most used types of foundations especially in Europe. However, they are not considered well-suited for large turbines, which are among latest trends of wind industry. Gravity-pile foundation are made of precast concrete and are ballasted with sand, gravel or stones. In these type of foundations turbines depend upon gravity to stand erect.

Tripod foundations use the principle used in the oil and gas industry and are used for deeper depths. In this type, the foundation consists of three piles which are driven 32-46 ft. into the seabed. Jacket is another popular technology used for deep waters. It is made of steel beams welded together to form a jacket or cover. A floating offshore wind foundation is not used on a large scale. The deep water offshore wind structures are preferred as winds are stronger here as compared to the shores.

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However, the cost of offshore wind foundations is a major restraint for this market. The University of Dundee estimated in 2014 that foundations and installations can represent about 25% of the total wind turbine capital investment. Construction of foundations is critical as it depends upon many factors and requires extensive research. Apart from load that forms a major factor, motion caused by coupling of translational and rotational platforms and turbines are also considered. The foundation design also depends upon mooring lines for floating systems. Corrosion is another serious threat and requires extensive monitoring. As foundation contributes to major part of wind energy investment, these factors are critically analyzed.

Mono-pile projects are most used form of foundations in Europe. Seabed structures and ongoing projects for sustainable energy promotions in Europe have helped in creating huge market opportunity for mono-pile foundation. The foundation’s market also depends upon the suppliers for materials. The suppliers for different types of foundation are not uniformly distributed globally. This is another reason for mono-pile being used extensively in Europe and jacket foundations is preferred in the U.S. Jacket foundation are light weighted as compared to other types and hence are easier to install. Mono-piles structures’ transportation is challenging as they are quite heavy. This may act as a restraint for mono-pile market in coming years.

Wind Energy Foundation Market: Competitive Overview

Major players in this market are Suzlon Group, Ramboll Group, Owec Tower AS, Offshore Wind Power Systems of Texas LLC, Blue H Engineering BV, SWAY AS, Marine Innovation & Technology, Statoil, Principle Power, Inc., DONG Energy Burbo Extension (UK) Ltd., Bladt Industries A/S, TAG Energy Solutions, MT Højgaard, Fugro Renewable Services, and Dillinger Hütte.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

Base Oil Market Segment Forecasts up to 2020, Research Reports:TMR

Base oils are lubricant grade oils produced either through crude oil refining (mineral base oil) or chemical synthesis processes (synthetic base oil). Depending upon their chemical structure, base oils may be classified as either paraffinic or naphthenic. Base oils are generally obtained from secondary processing units of refineries. Currently, base oils are obtained using two processes: refining of crude oil and synthesis of relatively pure compounds. They are primarily utilized in the manufacture of lubricants. The base oils utilized for the formulation of lubricants are mineral, synthetic, or vegetable-based. The American Petroleum Institute (API) has developed a base oil classification system, which segments the base oils into five major groups (Group I, II, III, IV, and V). These groups are classified on the basis of the percentage of saturates, sulfur content, and viscosity index.

The automotive industry is one of the key end-users of lubricants. The automotive industry preferably uses naphthenic oils as lubricating oils, greases, or as cutting fluids during metalworking activities. Rapid growth of the automotive sector globally is expected to increase the demand for base oils and lubricants. Rapid population growth and urbanization are leading to the continuous rise in vehicle production volumes globally. The speedy rise in automobile demand is likely to increase the demand for finished lubricants and base oils during the forecast period. Furthermore, the shift towards stricter emission norms and better fuel economy would entail the use of better quality lubricants. However, dwindling supply of sweet crude, particularly in regions such as North America and Europe coupled with less impurity and lower prices of sour crude is forcing refiners to change their preference of crude oil to sour crude. This shift in preference from sweet crude to sour crude by refiners is expected to decrease the overall base oils yield from crude oil. This is likely to negatively impact the growth of the base oils market and the impact of this restraint is likely to alleviate during the forecast period.

Furthermore, the recent slump in crude oil prices has also negatively affected the base oil market. Base oil prices in most of the regions, particularly Asia Pacific, are expected to remain stable-to-soft in the first quarter of 2015. Group II is expected to register a steep decline in base oil prices in the near future. The spot prices of Group II would reflect a drop of about 15%-17% in 2015, globally. Rapid industrialization in emerging economies, especially Brazil, Russia, India, and China (BRIC) is likely to stimulate the demand for base oils in the near future. Moreover, technological advances such as Gas-To-Liquid (GTL) technology would be one of the key opportunity areas for registering growth in the market. The lubricant base stocks produced from the GTL refining process are commonly referred to as ISO Paraffin. These have currently emerged as viable alternatives for the conventional Group III and Group IV lubricants used for manufacturing high efficiency lubricants.

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The key base oil products considered are Group I, Group II, Group III, and others. Group I base oils accounted for a major market share in 2014 and are expected to remain dominant throughout the forecast period. It is estimated that Group I base oils would witness a downward trend in terms of their consumption in both North America and Europe. Substitution of Group I by higher quality Group II and Group III base oils is expected to be the primary reason for the reduction in demand for Group I base oils in the years to come. However, certain important grades of Group I such as Bright Stock are likely to retain their popularity in the market. This grade of base oils is likely to grow in regions such as Asia Pacific, the Middle East, and South America. Increasing preference for Group II and Group III base oils in both the automotive and industrial oil segments would drive growth of these segments in the near future.

Automotive oils accounted for the major application share in the global base oils market in 2014. This segment is anticipated to remain dominant throughout the forecast period. The global automotive lubricants sector has been witnessing a change in preference with respect to the base oils used in blending plants. The sector has been gradually migrating towards high performance base oils (Group II and Group III). Currently, Group III base oils are emerging as the most preferred base stock in the manufacture of finished lubricants for the automotive sector across the globe. With tightening emission standards, the demand for high quality lubricants is likely to grow by several times over during the forecast period. In order to cater to this increasing demand, there is likely to be a rise in the consumption of Group II and Group III base oils in the near future.

Key players in the market include Exxon Mobile Corporation, Royal Dutch Shell plc, SK Lubricants Co. Ltd., and Chevron Corporation. Other market players profiled in this research report include British Petroleum plc, Sinopec Group, GS Caltex Corporation, MOGoil GmbH, PetroChina Company Limited, Phillips 66 Company, and S-Oil Corporation.

Global Biocides Market: Need for Water Treatment in Various Sectors Driving Demand

Biocides help prevent, control, or render harmless the effect of any organism that may prove to be harmful to human or animal health, via various chemical or biological processes. The global biocides market for has gained significance in recent years owing to the dire need of treated water for numerous uses.

Biocides Market to Register Under-5% CAGR

Biocides are being used for a variety of purposes and this is likely to drive the market over the coming years. Transparency Market Research, in its report, states that the market for biocides was valued at US$6.99 billion in 2011 and is anticipated to grow to a value of US$9.62 billion by 2018. The calculated CAGR for the biocides market stands at 4.7% from 2012 to 2018.

North America Dominates Regional Segmentation of Global Biocides Market

Of the four key geographical markets for biocides, namely North America, Europe, Asia Pacific, and Rest of the World, North America emerged as the clear leader, occupying 43% of the total worldwide demand for biocides in 2011. Currently the market is driven by the presence of stringent regulations in the region and analysts predict that the biocide market in North America is bound to grow owing to demand from emerging sectors such as plastics, food processing, paper and pulp, and personal care. However, with the imminent saturation of the biocides market, North America is likely to lose market share in the coming years.

Moderate Growth in Europe, Highest CAGR in Asia Pacific

Asia Pacific is presently the second-largest regional market for biocides and industry experts believe that this region is likely to be the fastest-growing market till 2018. Due to being expected to register the highest CAGR of 5.8% from 2012 to 2018, manufacturers have been investing majorly in the Asia Pacific biocides market. Europe followed Asia Pacific and held a 20% share of the global biocides market. However, compared to other regions, the growth in Europe is estimated to be low.

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Demand for Halogen Compounds Strongest

The global biocides market has multiple product types: metal compounds, halogen compounds, organic acids, nitrogen, phenolic compounds, organosulfurs, and others.Of these, halogen compounds led the biocides market, holding a 28.4% share in 2011. While its growth can be attributed to the constant rise in demand for water supply, this segment is estimated to lose market share in the next few years owing to environmental concerns associated with its use.

Chlorine and bromine compounds are toxic in nature and their prolonged use has attracted the attention of developed countries. Metal compounds hold the second-largest share of the biocides market, accounting for 19% of the total demand in 2011. Thanks to rising demand from the healthcare and homecare sectors, phenolic compounds are projected to be the fastest growing product segment between 2012 and 2018, registering a CAGR of 6.8%. Nitrogen-based biocides also show immense potential for growth over the next three years.

Biocides Most Widely Used in Water Treatment

The global biocide market is segmented on the basis of application into personal care, water treatment, wood preservation, paints and coatings, food and beverages, and others. In terms of demand, the use of biocides in water treatment was the largest application segment, accounting for over 20% of the total demand in 2011. The urgent need for water treatment in various sectors such as household, industrial, and commercial has led to the growing demand for biocides. Developing at a compound annual growth rate of 5.9% from 2012 to 2018, the use of biocide for water treatment is estimated to be the fastest growing application segment.

Food and beverages and paints and coatings jointly held over 29% of the biocides market and these segments are projected to gain momentum in the future. The growing demand for paints and coatings from the automobile and construction industries is a key factor driving the biocides market. As far as demand is concerned, textiles, wood preservation, and other applications jointly held 33.8% share of the biocides market in 2011.