Near-monopolistic Nature of Global Microturbine Systems Market Continues to Drive Growth; Market to Value US$440.8 mn by 2019

Favorable government regulations and policies, coupled by the growing number application areas have been driving the demand for global microturbine systems market, states Transparency Market Research in a report. The 74-page publication is titled “Microturbine Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” and is available for sale on the company’s website.

Microturbine systems are a combination of a high-speed generator and a small gas turbine and are used to generate energy ranging from 25kW to 1000kW. These systems are used during power outages to provide standby power to various industries, acting as a supplementary source of energy. Fueled by the growing consumption of electricity in most developing and developed countries, the market for microturbine systems is projected to expand at a 16.7% CAGR by value, rising from US$144.4 mn to US$440.8 mn during the forecast period. By installation, the market is anticipated to rise from 123.2 MW in 2012 to 447.4 MW by 2019 at a 19.8% CAGR therein.

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The microturbine systems market has been evaluated based on application, end use, and geography.On the basis of application, the market for microturbine systems has been bifurcated into standby power and CHP generation. The use of microturbine systems in CHP generation is the most common application and in 2012, this segment accounted for a share of over 67%.

Based on end use, the microturbine systems market has been categorized into commercial, industrial, and residential. Among these, the industrial sector held a 59.33% share in the overall market, emerging as the dominant end-use segment in 2012. The use of microturbine systems in the commercial sector is anticipated to rise during the forecast period owing to low power rating requirements. This segment is predicted to rise at a 20.2% CAGR from 2013 to 2019.

The main geographical segments forming the global microturbine systems market are Asia Pacific, North America, Europe, and Rest of the World. Accounting for a share of 42.82% in 2012, North America was the dominant regional segment of the global microturbine systems market. The U.S. formed the largest market in the region and is likely to retain its lead position throughout the forecast period. Favorable regulatory interventions and growing awareness regarding rising carbon footprint have tremendously driven the U.S. market for microturbine systems.

The microturbine systems market in Europe is anticipated to witness strong growth over the next few years owing to the support of the government. Changing policies by the European Union National Emission Ceilings are likely to contribute toward the expansion of the Europe microturbine systems market.

The Asia Pacific and RoW markets for microturbine systems hold immense potential, as highlighted by the report. The APAC microturbine systems market is projected to reach a value of US$61.1 mn by the end of the forecast period. The RoW market, on the other hand, is anticipated to register strong growth in the aforementioned duration, reporting a 19.6% CAGR therein.

The vendor landscape of the global microturbine systems market is immensely consolidated, almost bordering on being monopolistic. Capstone Turbine Corporation is the clear leader in the overall market and in 2012, held a whopping 78.3% share owing to various strategic alliances and acquisitions. Ingersoll-Rand Company, Elliot Company Inc., NewEnCo Ltd., Micro Turbine Technology BV, Global Microturbine LLC, and FlexEnergy Inc. are some of the other notable companies operating in the global microturbine systems market.

Microturbine Systems Market, by End Use

• Industrial
• Commercial
• Residential

Microturbine Systems Market, by Application

• CHP Generation
• Standby Power

Growing Demand from Oil and Gas Industry despite Fall in Oil Prices Driving Enhanced Fire Protection Market

Enhanced fire protection systems comprise several components used to detect or suppress fire. Fire protection is a requirement in several industries due to the widespread use of flammable fuels and the flammable nature of various systems. Industries such as the oil and gas industry and the chemicals industry face a particularly high risk of fires due to the volatile and combustible products being dealt with in the industry. As a result, enhanced fire protection systems have become common in these and other industries in recent years.

Due to the growing government support to mandatory use of enhanced fire protection systems, the demand for the same is likely to grow in the coming years. According to Transparency Market Research, the global enhanced fire protection systems market was valued at US$5.1 bn in 2014. Exhibiting a robust 6.48% CAGR from 2015 to 2023, the market’s valuation is expected to rise to US$8.9 bn.

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What are the primary drivers for the enhanced fire protection market?

The booming oil and gas industry is a leading contributor to the global enhanced fire protection market. Due to the flammability of practically every product of the oil and gas industry, the extraction, as well as refining, of petroleum products carries a significant fire risk. Due to the technological sophistication of most processes and systems used in modern oil extraction and refining units, fire can cause incalculable economic damage, in addition to the risk to the workers.

Despite the fall in oil prices in the last two years, the global oil and gas industry’s operations have flourished due to the falling levels in petroleum reservoirs and the increasing demand for fuels. The discovery of offshore reservoirs has given the global oil and gas industry a new direction, with different fire protection systems being required in onshore and offshore extraction points. The diversification and expansion of the petrochemicals industry has also driven the demand for enhanced fire protection systems. Similarly, the rising use of a variety of floating oil platforms also necessitates the use of enhanced fire protection systems.

Government regulations have also been crucial to the enhanced fire protection market. Due to the significant state funding to oil and gas exploration and refining operations, governments are naturally eager to safeguard their investment. The large labor force working in the oil and gas sector and the rising need to ensure a steady supply of petroleum fuels have also helped bring about a stringent regulatory framework mandating the adequate installation of enhanced fire protection systems.

Which are the leading regional segments of the global enhanced fire protection market?

North America is the leading contributor to the global enhanced fire protection systems market due to the extensive onshore, offshore, unconventional oil and gas projects being carried out by American petroleum companies. In the coming years, Asia Pacific is likely to become an important player in the global enhanced fire protection systems market due to the strong and sustained growth of the oil and gas sector in China and the increasing number of petroleum refining operations in the region.

Lubricants - Friction Theories, Applications and a Global Scenario

The surfaces of rolling or moving parts in all kinds of machines rub against each other. The mutual rubbing of various parts of a machine imparts resistance their movement. This resistive force is called friction.

Friction causes a significant wear and tear to the surfaces of moving parts of machines. To reduce this force of resistance, some substances are introduced between the moving surfaces. These are called lubricants. The main purpose of lubricants is to keep the moving surfaces away from each other, so the friction and the resulting damage to the moving parts can be reduced.

The process of reducing the force of resistance or friction between moving surfaces of machines by the introduction of a lubricant is called lubrication.

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What causes friction?

There are many theories that explain why friction occurs between moving parts of machines.

The welding theory suggests that all metal surfaces, irrespective of how finely they are finished, have a series of troughs and crests. So, when such surfaces are rubbed against one another, only the crests from both surfaces come in actual contact. When the surfaces are rubbed under load, the local pressure at the crests is sufficient to deform the peaks and create welding junctions between them.

The electrostatic attraction theory suggests that the stick-slip phenomenon between the moving parts results in the flow of electrons, which produce charges of opposite polarities at the interface. These charges keep holding the surfaces with each other by virtue of electrostatic attraction.

Another theory, the mechanical interlocking theory, states that when the moving surfaces come in contact with each other, the crests and troughs of both surfaces interlock with each other, thus restricting the movement of one surface over the other.

How Lubricants work?

Some lubricants are applied as thick fluid films between the moving surfaces. These films separate the moving surfaces from each other, avoiding the direct contact between surfaces which consequently results in reduced friction.

In cases where a continuous film of lubricants cannot persist between moving machine parts, a material is applied that can get adsorbed on both surfaces by virtue of either physical or chemical forces. This thin film of adsorbed substances help the moving surfaces remain away from each other, at least upto the height where crests are present on the surfaces.

In some cases characterized by very high pressure and speed between moving machine parts, either a thick or a thin film fails to stick to the surfaces. This happens as the high local temperature attained at the surfaces decomposes or even vaporizes the lubricant films. To meet these conditions, special additives are added to commonly used lubricants, making them more durable.

Global Scenario:

Lubricants are as necessary as the machines themselves in any industrial segment. If it was not for the use and introduction of lubricants, of a variety of forms in a variety of products, industrial machines would have to be either repaired or replaced within few years of their use.

The wide range of applications of lubricants in a variety of industrial segments has made this industry a billion dollar global market. This industry has huge scope of growth in the coming years as well, owing to the growth of industries such as automotives.

The automotives industry has huge growth prospects in the Asia pacific region, a region where every industry seems to flourish in the current market scenario due to rapid economic development, abundant raw materials and cheap labor. This indirectly would lead to the growth of the lubricants industry in the coming times.

Growth of Global Wave and Tidal Energy Market Spurred by Demand for Power from Remote Locations

Bolstered by the recent advances, wave and tidal energy technologies are just beginning to reach their capability as potential commercial power sources. While only a few projects currently exist, the technology is fast exhibiting a huge potential for generating power in remote locations where drawing grid connections will neither be cost-effective nor viable. Wave and tidal energy comprises methods of harnessing power from ocean to generate energy. Owing to the abundance of ocean surface and substantial potential of generating energy across many nations, governments are impelled to pursue wind and tidal energy as an important part of the future renewable energy mix.

What factors are responsible for global wave and tidal energy market’s exponential growth?

A recent analysis by Transparency Market Research has revealed the global wave and tidal energy market to surge at 23.2% CAGR between 2016 and 2024. The report has pegged the market to reach US$11.3 bn by 2024 from a valuation of US$497.7 mn in 2014.

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Around 200 companies worldwide are either partially or fully involved in the development of the renewable energy sector comprising wave and tidal energy. A majority of these companies are technology developers offering innovative energy converter devices. Since there is no dominant technology in the wave and tidal energy sector, both are considered to reap economies of scale thereby encouraging large-scale deployment of tidal stream power plants.

Currently, the cost of constructing wave and tidal energy power plants is exorbitant. However, vendors operating in the market are expecting major cost reductions in the future as the industry shifts its focus from prototype testing to a widespread deployment phase. Enterprises operating in the market are also expected to achieve economies of scale from the manufacture of energy converter devices and from the construction of on-shore grid connection infrastructure. Furthermore, the power plants will enjoy cost benefits from the sharing of fixed infrastructure. This will subsequently contribute towards the reduction of tariffs on electricity generation. These are the primary factors aiding the expansion of wave and tidal energy market.

What are the latest projects promising favorable prospects for global wave and tidal energy market?

Strong tidal currents have challenged sailors in the Pentland Firth, a strait that separates Northern Scotland from the Orkney Islands, for centuries. Some of this incredible marine energy is now being utilized through a project called MeyGen. In the summer of 2015, the Atlantic Group had begun the construction of submerged tidal turbines consisting of four three-bladed and seabed-mounted turbines. These turbines are expected to deliver 6 MW to grid by 2016 and power almost 3000 homes in Scotland. Furthermore, Atlantis intends to build 269 turbines capable of generating over 398 MWs of electricity in the firth by the early 2020s, thus providing power to roughly 200,000 homes.

Besides this, Oregon-based Northwest Energy Innovations has installed a wave energy conversion device off the coast of Hawaii in June 2015. The turbine has the capacity of extracting power from the horizontal and vertical motions of waves using high-pressure hydraulics. Furthermore, a 45-ton apparatus called Azura has been built in a test facility of the U.S. Navy located off the Kaneohe Bay on Oahu. This is a small experimental device exhibiting a capacity of only 50 KWs. Azura, however, is the first and the only grid-connected wave energy system in the U.S.

Globally, the construction of power plants to capture wind and tidal energy has been increasing at a robust pace. Such rapid proliferation of wave and tidal energy projects will prove lucrative for the market’s future.

Smart Lighting is a Lucrative Investment Area for Players in Global Energy Efficient Lighting Market, reports TMR

The top three players in the global energy-efficient warehouse lighting market, namely Philips Lighting Holding B.V., Eaton, and General Electric Company, accounted for nearly 83% of the overall market in 2015, with Philips and Eaton holding an almost similar percentage of shares. Despite this, the presence of numerous small-sized local players, especially in China, has been giving large, international vendors stiff competition, Transparency Market Research (TMR) has found.

“Smart lighting technology has emerged as a leading opportunity for companies in the energy-efficient warehouse lighting market,” the author of the study states. Smart lighting has the ability to reduce overall energy consumption, which is making it an attractive investment for warehouse owners. As end users become informed about the benefits of automated smart lighting systems, together with modern CFL, LED, and OLED lamps, their sales are expected to rise.

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Increased R&D activities and partnerships for the development of advanced and energy-efficient lighting systems is also a key strategy adopted by several players. A case in point would be Philips. In February 2016, Koninklijke Philips N.V. separated its lighting business to establish Philips Lighting Holding B.V. This has allowed the company to sharpen its strategic focus toward its core competent business. Later in June 2016, this new business joined hands with Netherlands-based Dummen Orange to conduct R&D activities in the LED segment.

Government Mandates Support Use of Energy-efficient Warehouse Lighting

“The demand for energy-efficient warehouse lighting has received significant impetus from companies looking to reduce their energy consumption in warehouses,” a TMR analyst states. Compared to traditional incandescent lighting systems, advanced and smart lighting solutions such as LED and CFL help companies conserve energy and save on costs. The demand for energy-efficient warehouse lighting has risen with their growing usage in refrigeration, lighting, cooling and ventilation, material handling, and others applications in warehouses.

The energy-efficient warehouse lighting market has also been supported by favorable government regulations around the world. For instance, the U.S. government has banned the use of incandescent lighting in warehouse spaces. It has also provided vendors utility rebates, thereby boosting the use of energy-efficient lighting solutions. Several European countries have implemented Energy Performance Certificates, which require commercial spaces to adhere to energy-efficient processes and requirements.

In contrast, high initial investments and undefined technology issues discourage numerous companies from making the switch to energy-efficient warehouse lighting.

Demand for LFLs to Decline as LEDs Gain Prominence

“The global market for energy-efficient warehouse lighting will witness impressive growth in the coming years,” the TMR analyst predicts. Registering a strong CAGR of 13.4% from 2016 to 2024, the opportunity in the market is projected to be worth over US$15 bn by the end of the forecast period, rising from US$4.2 bn in 2014.

Asia Pacific has led the energy-efficient warehouse lighting market at the start of the forecast period and will continue its streak through 2024, accounting for a share of over 45% in terms of revenue. By lighting source, linear fluorescent lamps (LFLs) led the overall market in 2014. However, owing to the increasing popularity of and demand for light emitting diodes (LED), the dominance of LFLs is anticipated to be toppled by LEDs.

Energy Efficient Lighting Market: By Lighting Source

• High-intensity Discharge Lamps (HID)
• Linear Fluorescent Lamps (LFL)
• Light Emitting Diodes (LED)
• Other Lighting Sources

Nuclear Power Safety Backups Market Global Market Opportunity Assessment Study 2020.

Rapid rise in the global demand for nuclear power is expected to boost the demand for nuclear power industry and thus nuclear power safety backup market. New programs developed by governments worldwide are estimated to propel the demand for nuclear power industry. Post-Fukushima, several governments have recommended installation of backup generators for nuclear power plants to guard against floods and tsunami. Increasing number of countries worldwide is introducing energy generation from nuclear power plants as a part of their generation mix. This is expected to boost the demand for nuclear power safety backup devices for nuclear power plant in the future.

The market for the global nuclear power plant safety backups can be segmented on the basis of the safety measures and geography. The global market for nuclear power plant safety backups on the basis of safety measures can be segmented as: a robust containment to prevent the release of radioactivity, a combination of active and passive to remove heat from the core of the reactor, and shutdown systems and thus shutdown the reactor safely.

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The International Atomic Energy Agency (IAEA) safety standards are likely to fuel an additional demand for nuclear power plant safety backup worldwide. The safety standards establish fundamental safety measures, requirements and principles to control radiation exposure, to restrict the likelihood of events in the future. Moreover, the safety standards fundamental safety measures requirements and principles to control the release of radioactive material to the environment and to mitigate consequences of such events in the future is expected to boost the demand for nuclear power plant safety backups around the world.

The market for the nuclear power plant safety backup is rising and is expected to rise moderately in the future. The following underlying factors are the key drivers of growth in the global nuclear power plant safety backup market. The increasing share of nuclear power plants in the total power generation mix of the nations are the key drivers of growth in the global nuclear power plant safety backup market. Rapid rise in global demand for energy along with depleting fossil fuels is estimated to propel the demand for nuclear power plant safety backup measures and devices.

Increasing efforts by governments of both developing and developed nations to raise public awareness of safety tests and reassure them of the safety of both existing as well as proposed plants. Deteriorating support for nuclear in the countries (the U.S, Japan, France, Germany) could impede growth in the nuclear industry. However, IAEA’s safety standards are anticipated to boost the global demand for nuclear power plant safety backups.

The global market for nuclear power plant safety backup is expected to rise significantly in the future. North America and Europe are estimated to hold the considerable share of the nuclear power plant safety backup devices and equipments. Asia Pacific is one of the key players in the nuclear power plant backup market. The market is expected to register moderate to high growth in this region on account of increasing demand for nuclear power plants in China, India, and Japan among others.

Some of the key players in this industry segment include: Chubu Electric Power Company, Kansai Electric Power Company, Tohoku Electric Power Company, and Japan Atomic Power Company among others. The responsible agencies for the security of nuclear power plants include: International Atomic Energy Agency (IAEA), the Defense Nuclear Safety Regulator (DNSR), Australian Radiation Protection and Nuclear Safety Agency (ARPANSA), Office for Nuclear Regulation (ONR), and Atomic Energy Regulatory Board (India) among others.

Supercritical Boilers Market is expected to rise at a remarkable CAGR By 2020

The growing need to reduce carbon emissions as well as improve the operating efficiency of the power plant has led to the widespread adoption of supercritical boilers. This technology provides high steam temperature and improved pressure parameters to achieve the desired efficiency of the power plant. Low fuel consumption is a direct consequence of installing efficient systems such as supercritical boilers, which in turn leads to increased profitability margins and better utilization of resources. Despite of the environmental concerns the need for coal as a source of power generation is continuously increasing at a steady pace. The demand for high-efficiency pulverized coal supercritical boilers, which reduces carbon emissions, is increasing as a result of the environmental concerns. Current market conditions demand highly efficient systems which are designed for rapid response times. Supercritical boilers have the ability to respond and adjust to market conditions which makes these systems important. The rapid industrialization and government development programmes will accelerate the market growth of supercritical boilers in developing economies, in the future.

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Increasing environmental regulations and the need for efficient power generation systems are the primary drivers bolstering the market growth of supercritical boilers. The CDM (Clean Development Mechanism) benefits associated with the installation of these boilers are increasing investment in this market. The developed and developing economies are obligated to reduce carbon footprints; this drives power plant operators to invest in supercritical boilers. These boilers are highly efficient systems which increase the power generation capability of a power plant. Installation of these units improves the operating cycle efficiency of the power plant which leads to low fuel consumption. In developing economies large commercial power plants are being developed, which further enhances the requirement of upgraded systems such as supercritical boilers. The increased cost of installing the supercritical boilers and availability of more upgraded units such as ultra supercritical boilers may hamper the market growth of the market in the future.

The market for supercritical boilers can be segmented on the basis of the evaporator system implemented in the system. High mass flux spiral wall, medium mass flux vertical wall and low mass flux vertical wall are the major broad categories. These evaporator systems are used based on the heating requirements of the power plant operator. The type of heating tube used in these evaporating systems also varies with the requirement of the end user.

The mature markets of North America and Europe have already installed supercritical boilers, thus the market growth in these regions is expected to grow at a sluggish pace in the future. However the aging plants in these regions will require constant upgradation and replacement in the coming years, this provides an opportunity for the further growth of supercritical boiler market. The Asia Pacific region and a few developing countries of the Middle East represent the largest growing market. Increasing industrialization and vigorous economic development are the major factors driving the market growth of supercritical boilers in these regions. Countries such as China, India and Japan have started installing supercritical boilers in all their high capacity power plants.

Some of the major market players competing in this Supercritical Boilers market are Alstom, Larsen & Toubro Power, Mitsubishi Heavy Industries, Thermax Babcock & Wilcox Energy Solutions Private Limited, Siemens and Cethar Limited.

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

Increasing environmental concerns and the need for energy independence have led to the growth of the global biodiesel market. Biodiesel is derivative of the vegetable oils extracted by oil seeds, although waste from animal fats and cooking oil can also be used. The oil is formed by combining methanol or ethanol with fatty acid molecules. Chemically, biodiesel is a mono alkyl ester. Biodiesel can be used in pure form or blended with petroleum diesel at any concentration in most injection pump diesel engine. Biodiesel is commonly produced by the transesterification of the vegetable oil or animal fat feedstock. Biodiesel has excellent lubricating properties and cetane ratings compared to low sulfur diesel fuels.

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Global biodiesel market is segmented on the basis of feedstock, application and geography. Railway, aircraft, heating oil, cleaning and generators are division on the basis of application. On the basis of feedstock, global biodiesel market is divided into animal fat, waste vegetable oil, algae, Jatropha and others. North America, Asia Pacific, Europe and Rest of the world are classification on the basis of geography for global biodiesel market. Across the globe, several countries are involved in the growing production and usage of biodiesel as a substitute energy source to oil and fossil fuel. Governments have implemented laws and policies as incentives to reduce oil dependency consequently increasing the usage of renewable energies. Engine wear, engine performance and fuel viscosity are important factors in the global biodiesel market. Variations in biodiesel energy density are more dependent on the feedstock used than the production process.

The biodiesel market provides huge opportunities in countries such as China, U.K. and India because of huge number of diesel vehicles and high diesel prices. The global biodiesel market is anticipated to face a pattern shift with the growing switch from existing feedstock efficiency. The growth of algae as newer feedstock sources is expected for biodiesel in the upcoming years. Transportation fuels still make up the major share of the biodiesel market. The European Union is the greatest producer of biodiesel with Germany and France being the top producers.

The global biodiesel market is in a period of transitional and rapid growth creating opportunity in upcoming years. The biodiesel markets in Europe and the United States have reached remarkable biodiesel production capacity levels but remain restrained by feedstock availability. In India, Brazil and China, key government policies are creating new opportunities for feedstock development, biodiesel production, feedstock development and export. Governments continue to actively support the development of alternative, sustainable, lower-cost feedstock such as jatropha, algae, castor, vegetable oil, tallow and other sustainable feedstock. Biodiesel industries of Argentina are booming as a result of domestic demand along with strong exports for global biodiesel market.

Some of the advantages of biodiesel over other alternative fuels are the infrastructure of the petroleum economy and ability to work in existing engines among others. Some of the restraint in global biodiesel market is availability of raw material and sudden drop in oil prices. US market is expected to provide significant growth potential for Malaysian biodiesel exports in upcoming years.

Some of the global players in global biodiesel market are Green Earth Fuels of Houston, LLC, ACCIONA Energy, American Energy Producer, China Biodiesel International Holding, Crimson Renewable Energy, Deerfield Energy, Imperium Renewables, Delta American Fuel and Western Dubuque Biodiesel among others.

Global Onshore Wind Energy Market: Cost-effectiveness and Large-scale Production of Wind Energy Augur Well for Global Onshore Wind Energy Market, Reports TMR

The global onshore wind energy market has a fairly consolidated vendor landscape, with the top ten companies holding about 73.5% of the market in 2013. Among these, the top five players currently leading the market are Vestas Wind System A/S, Goldwind Science & Technology Co., Ltd., Siemens Wind Power, Enercon GmbH, and Suzlon Group.

Nevertheless, TMR forecasts the global onshore wind energy market to reach US$898 bn by the end of 2020, from a valuation of US$189.4 bn in 2014. The market is thus likely to exhibit a robust CAGR of 29.6% between 2014 and 2020. Regionally, Asia Pacific dominated the market with a share of 38.1% in 2014.

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For companies operating in China, the year 2013 has proven exceptionally good in terms of added capacity, which catapulted the China-based OEM companies to a better position in the global ranking. Goldwind for instance was able to capitalize on the country’s favorable environmental policies and reach to a higher installed capacity in 2013. However, a contraction in the western markets, primarily the US, pushed many turbine manufacturers down in the ranking list. Spurred by these factors, several industrial giants were compelled to cancel their expansion plans.

With Improved Cost-effectiveness, Onshore Wind Energy Market Emerging as Lucrative Business

In the last couple of years, the wind industry has improved its cost-effectiveness and has become a lucrative business. This, combined with the decreasing cost due to the large-scale production of wind equipment and the advent of innovative generator and turbine technologies will steer growth of the onshore wind energy market in the forthcoming years.

Meanwhile, as governments worldwide decide on aggressive renewable capacity addition targets for wind energy, the onshore wind energy market is likely to report simultaneous growth. Mandatory renewable energy targets are enforced on power utilities to enable governments purchase specific proportions of their energy sales from non-conventional sources within a specific time period. With nations increasing their wind energy targets, numerous organizations are prompted to accelerate their investment in the technology.

The aforementioned factors, compounded with low risk of technology failure, are boosting investors’ confidence on onshore wind energy.

Need for Sprawling Areas Creates Difficulties in Getting Construction Clearance, Thus Hinders Market’s Trajectory

“Low tolerance for noise and visual impact of wind turbines are inhibiting the market’s trajectory to an extent,” said a lead TMR analyst. Onshore wind energy firms are not built in a densely populated areas unlike other renewable energy plants. People living in close proximity of onshore wind firms often complain about noise pollution created by turbines. Furthermore, because of being spread across sprawling areas, developers often have to struggle with getting construction clearance compared to other renewable technologies such as biomass or solar energy. This poses significant challenge to the key players in the market.

Design Innovation Using Alternative Material Could Fuel Installation of Onshore Wind Energy Towers

As manufacturers explore alternative materials for producing vital components of wind technology, they are expected to improve efficiency of onshore wind turbines, besides ascertaining cost-effectiveness. If built using alternative materials, such as concrete, it could be possible to install towers more than 100-meter in height, enabling them take advantage of steadier and stronger wind, and finally boosting overall output.

The report segments the global onshore wind energy market as:

Global Onshore Wind Energy Market, By Geography:

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

Global Smart Mining Market: Rising Concerns Regarding Mining Operations Optimization to Pave Way for Growth, says TMR

The leading companies in the global smart mining market are constantly focusing on strengthening their market presence through extended service portfolio and mergers and acquisitions, finds Transparency Market Research (TMR) in a new study. Some of the key players in the market are ABB Ltd., Alcatel-Lucent, Atlas Copco, Caterpillar Inc., Cisco Systems Inc., Hitachi Construction Machinery Co. Ltd., Komatsu Ltd., and Rockwell Automation Inc. “These players are making sizeable investments in research and development to launch cutting-edge products and services in the market,” says TMR’s lead analyst.

The global smart mining market is poised to expand at a CAGR of 14.7% between 2016 and 2024, rising from a value of US$5.98 bn in 2014 to US$22.28 bn by 2024. On the basis of software solutions, the data and operation management software segment dominated the market in 2014 in terms of revenue. With the rise in the amount of data to be handled, the need to install, manage, and maintain various operations is also escalating. Moreover, the popularity and demand for data analytics in mining vertical is growing rapidly. Owing to these factors, the demand for data and operation management software is likely to remain high throughout the forecast period.

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Increasing Use of Cost-effective Equipment to Fuel Growth of Middle East and Africa

Geographically, Asia Pacific was the leading revenue contributor in 2014. The growth of the smart mining market in the Asia Pacific region is primarily driven by countries such as India, China, Japan, and Australia. The rising penetration of IoT in several industries and increasing adoption of innovative technologies are fuelling the growth of the region. On the other hand, the Middle East and Africa region is anticipated to experience significant growth during the same period. The growth of the region can be attributed to the improving economic conditions, rising use of cost-effective equipment, and increasing mining activities in many African countries.

Emergence of Advanced Technologies to Influence Growth of Smart Mining Market Positively

Declining mining reserves and deteriorating ore grade due to increasing mining activities have created a dire need for optimizing mining operations. Owing to the rising concerns regarding mining operations optimization, the global smart mining market is likely to tread along a healthy growth track.

“Smart mining systems offer benefits such as enhanced productivity and efficiency, improved environment and worker safety, and high cost-effectiveness,” says a TMR analyst. The increasing awareness regarding these benefits is fuelling the growth of the market. Moreover, the emergence of technologies such as the internet of things (IoT) and data analytics are ensuring compliance with the regulatory environment. This, in turn, is working in the favor of market’s growth.

Lack of Skilled Workforce Coupled with High Training Cost to Hamper Growth Prospects

The substantial capital investment required for the deployment of smart technologies is impeding the growth of the market. Furthermore, the lack of skilled labor and standardized rules required to successfully run such smart technologies are influencing the market’s growth negatively. Although training can mitigate the issue of shortage of skilled workforce, the hefty training costs coupled with prevailing volatile global economic conditions will continue to restraint the growth of the market. However, the increasing adoption of remote monitoring systems and rising investment in simulation technology are likely to open new avenues for the companies in the global smart mining market.

Smart Mining Market: By Automated Equipment

• Excavators
• Load Haul Dump
• Drillers & Brakers
• Robotic Truck
• Other Automated Equipment

Smart Mining Market: By Hardware Component

• Sensors
• RFID Tags
• Intelligent Systems
• Others

Smart Mining Market: By Software Solutions

• Logistics Software
• Data and Operation Management Software
• Safety and Security Systems
• Connectivity Solutions
• Analytics Solutions
• Remote management Solutions
• Asset management Solutions

Smart Mining Market: By Services

• Support and Maintenance
• System Integration and Implementation services
• Product Training Services
• Consulting Services

Global Wind Turbine Operations and Maintenance Market: Demand from Offshore Projects to Report Strong Growth, Says TMR

With the presence of a large pool of companies, such as GE Wind Turbine, Suzlon Group, Siemens Wind Power GmbH, Upwind Solutions Inc., and Guodian United Power Technology Co. Ltd., the global wind turbine operations and maintenance market demonstrates a fragmented and a highly competitive landscape, finds a study by Transparency Market Research (TMR).

Hitherto, a majority of players in this market were operating within a specified geography. However, in a bid to increase their visibility in the global market, many of them have begun to venture into other geographies via mergers, acquisitions, and strategic collaborations. This, as a result, is likely to intensify the competition within this market significantly in the forthcoming years.

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Supported by the increased investments by wind farm owners, the opportunity in the global market for wind turbine operation and maintenance is likely to expand at a CAGR of 8.80% during the period from 2015 to 2023, increasing from US$10.4 bn to US$20.6 by the end of the forecast period, states the research report. The demand for onshore wind turbine operation and maintenance services has been higher than offshore services. Although the scenario is expected to remain same, offshore wind turbine operations and maintenance services are projected to witness a significant surge over the next few years.

Increasing Investments in Renewable Energy Sector to Ensure Europe’s Dominance

The report also presents a study of the worldwide market for wind turbine operations and maintenance on the basis of geography. According to the study, the global market is spread across Asia Pacific, North America, Europe, and the Rest of the World. With a share of more than 40% in 2014, Europe has emerged as the leading contributor to this market and it is anticipated to remain so throughout the forecast period. This rise can be attributed to the increase in investments from Italy, Spain, Germany, and The U.K. in the European renewable energy sector, notes the study.

Asia Pacific has also been a prominent market for wind turbine operations and maintenance across the world. It held a share of nearly 37% in 2014. Thanks to the expanded role of financial investors as wind farm owners, analysts expect this regional market to witness a strong rise in the demand for wind turbine operations and maintenance services over the forecast period.

Increasing Number of Aging Wind Turbines to Boost Demand for Operations and Maintenance Services

Of late, a significant rise has been noticed in the average age of installed wind turbines across the world. “With wind turbines getting older, the need for their repair and maintenance has increased considerably in order to make them operate efficiently and maintain utilization factors. The need for operations and maintenance services, together with the demand for automated remote monitoring systems, has increased substantially due to the rising reports of equipment failure in aging wind turbines,” says an analyst at TMR.

The increasing cases of generator assembly and gearbox failure are also expected to fuel the demand for wind turbine operations and maintenance services over the forthcoming years, reports the research study.

Rising Cost of Logistics to Limit Adoption of Wind Turbine Operations and Maintenance Service

Although the worldwide market for wind turbine operations and maintenance looks flourishing currently, the rise in the cost of logistics may limit the adoption of these services to some extent during the forecast period

Apart from this, the dearth of skilled workforce around the world is also projected to hamper the growth of this market considerably in the years to come, states the research report.

The global wind turbine operation and maintenance market is segmented into:

By Application

• Onshore
• Offshore

By Region

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

Global Biogas Upgrading Market: Mushrooming Need to Lower Greenhouse Emissions to Support Market Development

A new market research report by Transparency Market Research, titled “Biogas Upgrading Market - Global Industry Size, Share, Trends, Analysis and Forecasts 2016 - 2024,” provides an extensive analysis, targeting the potential opportunities present in the market. It also throws light on the present trends in the market and the main dynamics predicted to determine the development of the market in the coming years. Presentation of the forecast statistics and past performance of the biogas upgrading market also forms a key part of this report. The study also helps in the identification of the top technology, main product, and geographical segments in the market for biogas upgrading. The regulatory scenario in the market has also been highlighted by providing the impact of the same.

As stated in the report, the global biogas upgrading market is expected to touch US$338.5 mn by 2016 end. The increasing requirement to lower the greenhouse gas emissions globally is amongst the main factors bolstering the growth of the global biogas upgrading market. In addition, the stringent regulations posed by governments globally regarding the emissions will stimulate the demand for biogas upgrading. Furthermore, the increasing awareness amongst individuals about the advantages of utilizing biogas and the increasing environmental concerns globally will provide impetus to the development of the global biogas upgrading market.

The report segments the market in terms of technology and geography. On the basis of technology, the report segments the market into pressure swing adsorption systems, chemical absorption units, water scrubbers, units based on cryogenic technology, membrane systems, and physical absorption.

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Geographically, the report segments the biogas upgrading market into North America, Asia Pacific, Europe, and Rest of the World (RoW). Amongst these, the Europe biogas upgrading market is expected to touch US$250.5 mn by 2016 end and will emerge as a significant region in the development of the overall market. Contrariwise, Asia Pacific leads the market on the basis of count of biogas plants and is predicted to touch US$83.9 mn by 2016 due to the increasing renewable energy demand in this region. However, majority of these plants are small-scale and can only serve a single house or a community.

The primary players in the market are targeting on introducing cutting-edge technologies in order to maintain their position in the market. The prominent players in the global biogas upgrading market are Dreyer & Bosse Kraftwerke GmbH, MT Energie, Malmberg Water, Air Liquide, Kohler and Ziegler, DMT Environmental Technology, Ros Roca Envirotec, DGE GmbH, Prometheus Energy, Carbotech, Acrona Systems, Van Der Wiel Stortgas, Cirmac, and Greenlane Biogas, among others.

Alarming Rise in Sludge Being Produced from Industries to Bolster Deployment of Sludge Dewatering Equipment

The demand for sludge dewatering equipment is increasing at a significant rate across the world due to the alarming rise in the amount of sludge being produced. As a result of this, regulatory authorities and government bodies of several countries are focusing on reforming their regulations and guidelines on effective sludge disposal and treatment. Government bodies of countries in the Asia Pacific and the European Union are specially focusing on imposing strict regulations regarding the dewatering of sludge and regular treatment of wastes in industries.

According to a research report published by Transparency Market Research (TMR), the global sludge dewatering equipment market is expected to expand at a 5.5% CAGR between 2015 and 2023. The market was worth US$3.3 bn in 2016 and is likely to touch a valuation of US$4.83 bn by the end of 2023.

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Which technology is expected to generate the maximum revenue for the sludge dewatering equipment market?

With the implementation of stringent regulations by government bodies and the rising concerns regarding environment protection, the deployment of sludge dewatering equipment is also expected to gain momentum over the forthcoming years. However, many industries are still concerned regarding the high initial costs associated with the adoption of sludge dewatering systems. Owing to this, many consumers are preferring the use of belt filter sludge dewatering technology as this type of sludge treatment system is less expensive and consumes less power as compared to other systems.

How deep will the impact of high costs be on the growth of the global sludge dewatering equipment market?

According to a report by TMR, the average cost of sludge dewatering system is comparatively higher than the total cost of manufacturing. Furthermore, the mounting costs of maintaining and operating sludge dewatering equipment is also expected to negatively impact the growth of the market as consumers are shifting towards alternative methods for sludge treatment.

However, companies operating in the global market are now focusing on combating this problem. Numerous manufacturers of sludge dewatering equipment are stressing on reducing their manufacturing as well as operational costs by improving production units and methods of production. For instance, recently a leading manufacturer of sludge dewatering equipment, MSE Hiller, announced the manufacturing of off-site sludge dewatering systems. It is expected that this will help further in reducing the risks of health hazards, site commissioning times, decrease the cost of safety standards implementation, and enable quick installation as well.

Which region is anticipated to provide lucrative growth opportunities to manufacturers?

As concerns regarding the effect of sludge produced by industries on the environment are rising, the implementation of sludge control standards is also increasing. Many countries have already initiated the deployment of sludge dewatering equipment across several industries. Countries under the European Union are taking noteworthy steps towards reducing sludge production. Moreover, manufacturers of sludge dewatering equipment in Europe are likely to benefit from the mounting demand for such equipment across the region. As a result of this, Europe is expected to account for a share of 39.88% in the global sludge dewatering equipment market by 2023.

Global Digital Oil Field Technology Market: Presence of Several Key Players Enables Developed Economies Hold Dominance, Says TMR

The digital oil field technology enables improvements in terms of resource management, power savings, production process optimization, and data management in existing crude production and exploration. In a report, titled “Digital Oil Field Technology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast, 2013 – 2019,” Transparency Market Research (TMR) provides an in-depth analysis of the various opportunities that the market is expected to witness in the forthcoming years. It also presents insights into the growth drivers and restrains have implications on the global digital oil field technology market.

The digital oil field technology involves the use of IT tech, automation, and instrumentation concepts to enhance the production and exploration of crude in utility within the oil sector. The technology also provides integration support to the software used at various levels to make associated processes easier and quicker.

The global market for the digital oil field technology has been exhibiting robust growth since the past few years. Several factors that have helped in improving production and exploration efficiency across crude extraction industries, have been aiding the expansion of the market. On the flip side, the market is facing challenge from the depleting resources that have caused companies to explore deeper for crude. This calls for significant advancements in the production process, thus driving developments in the global digital oil field technology market.

Based on process, the digital oil field technology market can be classified into reservoir optimization, production optimization, drilling, well completion, and others. In terms of instrumentation systems, the market comprises modern safety systems, smart wells, SCADA, and PLC. The various tech and services included in the market are IT, instrumentation, and fields of automation.

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Regionally, the global digital oil field technology market has been segmented into Asia Pacific, North America, Europe, and Rest of the World. Of these, the developed economies across Europe and North America have been exhibiting lucrative opportunities for the market. The presence of several key players in the region and availability of crude reserves are among the primary drivers of the digital oil field technology market in these regions.

Some of the leading players operating in the global digital oil field technology market are TIBCO Software Inc., Redline Communications Group Inc., ABB Group, Schlumberger Ltd., Microsoft Corporation, Paradigm Ltd., Honeywell International Inc., Emerson Electric Company, Halliburton Company, Merrick System Inc., Tata Consultancy Services, Microseismic Inc., and Baker Hughes Inc. These companies have been focusing technological advancements alongside other strategies to gain a competitive advantage in the market.

Global Offshore Wind Turbines Market: Growing Awareness Regarding Preservation of Natural Resources to Create Demand, says TMR

With more countries utilizing offshore wind potential, the global offshore wind turbines market is expected to grow at a significant pace, states a report by Transparency Market Research (TMR). The study is titled, “Offshore Wind Turbines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” The report covers key drivers, restraints, trends, and opportunities in the market. It discusses important segments and sub-segments of the global offshore wind turbines market and mentions the leading and declining segments. The report also assesses the competitive landscape of the market and includes recent developments by key players in the market, strategies adopted by them, and their business and financial overview.

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Offshore wind is now expected to become one of the largest renewable power market segments by 2023 and this is driving the offshore wind turbines market. It is expected that the UK, China, and Germany will contribute significantly towards the growth of the market, owing to the growing number of projects that are currently in the planning or building phases. As fossil fuels are depleting, it has become inadvertent for governments and industries to look for alternative sources of energy. This has spurred the adoption of offshore wind energy as energy source by many countries, thus aiding the growth of the market.

Another reason behind the shift from conventional fuels to offshore wind is the fact that conventional or fossil fuels have adverse effects on the environment and human health. Thus, government and environmental regulations are in favor of investing in renewable energy. This is another important factor driving the global offshore wind turbines market. Government support has thus enabled countries such as India, France, the U.S., Germany, and the U.K. to invest heavily on wind energy, subsequently boosting the demand for offshore wind turbines. In addition to this, an overall rise in the demand for electricity especially in developing nations of Asia Pacific will drive the market in the future. Rapid industrialization and infrastructure development spur the need for electricity and will in turn create a heightened demand for alternative source of energy.

The report segments the global offshore wind turbines market on the basis of foundation type into tripod piled, steel jacket, tripod suction caisson, monopole, floating wind turbines, and gravity base foundation. Some of the key players operating in the offshore wind turbines market are Gamesa, Vestas, Siemens AG, Goldwind Science & Technology Co., Ltd., Sinovel Wind Group Co.,Ltd, General Electric, Suzlon Group, and Nordex SE. The report includes key information regarding the mergers, collaborations, partnerships, and acquisitions among players.

Government Funding and Anti-dumping Regulations to Boost Land Incineration Plants Market

Incineration of waste has become one of the fastest methods of eliminating waste while still generating benefits from it. This is because the resulting heat from burning the waste is fed directly into a unit, which converts it into electricity. Moreover, the ash produced in a land incineration plant can be used as an additive for the production of cement. According to a report published by Transparency Market Research, the global land incineration plants market is expected to rise from US$43.93 bn in 2014 to US$68.71 bn by 2023 expanding at a CAGR of 5.5% from 2015 to 2023.

TMR analysts shed light on three important questions that companies operating in the land incineration plants market have:

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Q. What are factors driving the global land incineration plants market?

Owing to the large quantities of waste generated on a daily basis, conventional methods of waste management such as landfills are becoming inconvenient. Therefore, incineration is emerging as a key mode for waste management in various countries, driving the market. As compared to other methods such as recycling and gasification, land incineration plants are increasingly being adopted owing to the rate at which it can eliminate waste.

The global land incineration plants market is further bolstered by the amount of attention it is receiving from government as well as other organizations. These organizations and government bodies are regularly funding and promoting the use of land incinerator plants for the elimination of waste. At the same time, the global land incineration plants market is also bolstered by the increase in landfill tax levied by countries such as New Zealand and the U.K.

Q. Which geographical area is expected to lead in the coming years?

In 2014, Europe led in the global land incineration plants market. Europe was followed by Asia Pacific and North America. Technological advancements and an in Europe and North America are fueling the adoption of land incineration plants. However, it is estimated that the Rest of the World will witness significant growth in the coming years owing to evolving anti-landfill and anti-dumping regulations. Growing demand for energy is another factor boosting the adoption of these plants.

Q. What are some of the recent developments reported by players in the market?

Keppel Seghers, a company based in Singapore, has signed a US$26.7 mn contract to provide technology and services to the Baoan waste-to-energy plant in Shenzhen, Guangdong Province, China. Once the project is completed by 2018, and Keppel Seghers' proprietary technology is employed across China, over 10 mn tons of municipal waste per year will be processed, generated by over 20 mn citizens. This waste will be converted into 12,000 MWh of renewable energy per day and this will help reduce CO2 emissions by six million tons per year.

Hitachi Zosen Inova AG, the Swiss clean-tech company, has signed a contract with SSE Plc on June 2016 to construct the Ferrybridge Multifuel 2 (FM2), which uses a thermal EfW process and is expected to annually handle 570,000 tons of waste derived from commercial, industrial, and municipal sectors. The plant will produce energy that can reportedly power 170,000 homes.

The success of such projects is expected to increase the popularity of land incineration plants and ensure significant growth of the market in the future.