Tuesday, 5 April 2016

Global Concentrated Solar Power Market to Gain Impetus from Rising Demand for Alternative Sources of Energy

As the demand for energy from alternative sources increases, the solar energy industry is expected to gain substantial impetus. Solar energy can be used to harness electricity in two distinct ways. One is by using photovoltaic systems and the other, by using solar concentrators. The basic approach of converting solar energy into serviceable electricity remains the same in both techniques. With several nations across the world going solar, having understood the importance of generating energy from renewable sources, an increasing number of homes and commercial buildings are likely to have solar panels installed in their roofs.
What Makes Concentrated Solar Power Unique?
Concentrated solar power (CSP) refers to the technology of harnessing the Sun’s energy and has the ability to provide electricity to hundreds of thousands of buildings, even when the sun is not shining. One of the most distinct characteristics of concentrated solar power is that once deployed with thermal energy storage, the technology produces electricity on demand. Furthermore, CSP, when deployed with thermal energy storage, allows the use of other renewable energy sources (such as solar photovoltaic and wind) to provide intermittent or variable electricity generation.
According to a report published by Transparency Market Research, the global concentrated solar power market, which in 2013 stood at US$2.5 bn, is expected to reach US$8.7 bn by the end of 2020. The ability of CSP technology to easily integrate with fossil-fuel-based energy sources in “hybrid” configurations significantly fuels the demand from the global market for concentrated solar power.
How does Concentrated Solar Power Work?
Concentrated solar power technology generates power from focused sunlight. Solar concentrators focus sunlight either in a photovoltaic or solar thermal system. The technology generally uses mirrors fitted with tracking systems to focus the dispersed sunlight onto a smaller area. A CSP plant can be classified into three sections, comprising the power block, thermal energy storage, and solar field. A solar field includes chains of parabolic fashioned mirrors. These mirrors are arranged in a distributed system in order to transfer the heating fluid from each dish into a central conversion station. The thermal energy system stores the generated energy for later use. The heating fluid is then transferred to the power block, where it is used for boiling water. The steam generated from the process is used by conventional steam generators to generate electricity.
Rising Awareness about Global Warming Fuels Demand for Concentrated Solar Power
The rising awareness regarding global warming, coupled with the heightened concerns pertaining to carbon emissions from power stations generating electricity from fossil fuels, has impelled industries and policy makers alike to focus on alternative sources of energy. Governments from various nations have also started adopting appropriate measures for reducing greenhouse gas emissions. Exploring alternative sources of power is touted as a major step taken towards reducing the overall carbon footprint. The rising government support has thus become a crucial factor bolstering the demand for concentrated solar power around the world.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Growth Of Offshore Wind Turbines Market 2015 - 2023

A new market research report by Transparency Market Research on the global offshore wind turbines market presents insights into the key factors affecting the growth of the market. The report, titled “Offshore Wind Turbines Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” offers an overview of the global offshore wind turbines market and projects the growth and valuation of the market during the period between 2015 and 2023. The report further studies the global offshore wind turbines market on the basis of foundation types and regions. Profiles of some of the key players operating in the market have been included in the report.
The depletion of fossil fuels, along with the negative impact of fossil fuels on environment and health has led governments and industries to look for energy alternatives. Countries such as China, India, Germany, France, the U.S., and the U.K. have invested significantly in the renewable energy market. Wind energy is an important constituent of the renewable energy mix and offshore wind turbines have emerged as the means to generate electricity from wind energy. The turbine blades are connected to a shaft, which turns a generator to produce electricity. Stronger wind speeds in offshore areas have the potential to produce a high amount of electricity. All these factors have fuelled the demand from the global offshore wind turbines market.
The increasing awareness about the renewable sources of energy is expected to largely contribute towards the growth of the global offshore wind turbines market. Favorable government regulations are anticipated to further augment the growth of the market. Though there is easy availability of space for the installation of offshore wind turbines over vast water bodies, the manufacturing and design of offshore wind turbines depend on a number of factors such as wave loading, geology of the seabed, and the depth of water. High construction costs of offshore wind turbines are expected to hamper the growth of the market during the forecast horizon. The overall market will be benefitted with the exploration of new offshore sites as well as technological advancements.
The report studies the global offshore wind turbines market across five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The report studies the growth of the market across each of the regions and takes into consideration the various micro- and macro-economic factors governing the growth of the regional offshore wind turbines markets.
Describing the competitive landscape, the report profiles some of the key players in the global offshore wind turbines market such as Vestas, Siemens AG, Suzlon Group, Goldwind Science & Technology Co. Ltd., General Electric, Gamesa, Sinovel Wind Group Co. Ltd, and Nordex SE.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr.Sudip.S
90 State Street, Suite 700
Albany, NY 12207
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Monday, 4 April 2016

Global Thermal Energy Storage Market Hits its Stride with Emergent Applications

According to the U.S. Energy Information Administration (EIA), about 21% of all electricity generated across the world in 2011 was from renewable sources. The EIA reckons that this will rise to 25% by 2040. The increasing stress on scaling up the share of renewable energy in the power sector is also, in turn, resulting in a greater demand for efficiently storing that energy. This has turned the focus on alternative energy storage systems such as thermal energy storage, which adds a dash of reliability to the otherwise unpredictable supply of renewable energy sources such as wind and solar power.
Thermal energy storage technology has been in use since a decade now, but is now garnering more interest as it effectively helps shift the load from peak to off-peak hours. While growth has been steady in the market since the last few years, it is expected to gather pace in the next four years, says a report by Transparency Market Research. According to a report published by the market research firm, the global thermal energy storage market would have reached a valuation on US$1.8 bn by 2020. This is a massive leap from the market’s valuation of US$0.6 bn in 2013. The report further notes that the thermal energy storage market will have a compounded annual growth rate (CAGR) of 16.70% from 2014 through 2020.
Advantages of Thermal Energy Storage are Market’s Key Driver
The key advantage of thermal energy storage is the fact that it addresses the issue of intense strain on the grid, which again, occurs during the peak afternoon periods when cooling and air conditioning systems consume massive amounts of energy. It also allows for the intelligent use of nighttime power, which is less expensive than the power available during the peak period. This inherent advantage of thermal energy storage has led to its wider deployment. In California-based Wilson Creek Winery, for instance, the installation of thermal energy storage systems combined with efficient air conditioning led them to experience savings of US$27,000 a year. The thermal storage unit moved the cooling load from the peak period during the day to the off-peak period during the night.
Thermochemical and Latent Heat Storage Technologies Could Become as Popular as Sensible Heat Storage
Thus far, sensible heat storage has been the preferred type of thermal energy storage used across the world. It also contributes appreciable revenue to the global thermal energy storage market. This technology entails the storage of energy by heating the desired storage medium (typically water or rock). This stored heat is then converted into electricity that powers various devices when the need arises. Currently, sensible heat storage is among the most popular thermal energy storage techniques and is used in both commercial and industrial facilities.
That could change to some extent in the coming years because of the many advancements being made in thermochemical storage and latent heat storage technologies. Moreover, the latter also provide a higher density of energy storage than sensible heat storage.
However, a factor that could affect the growth of the global thermal energy storage market is the high upfront investment required for such systems and current problems concerning grid interconnection.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr.Sudip.S
90 State Street, Suite 700
Albany, NY 12207
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Tight Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

The global market for tight oil has been examined in a detailed and professional market research report by Transparency Market Research. The report is titled “Tight Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”
The report states that the major factors driving an increased demand for tight oil in the global market include the continuously expanding array of applications, rapidly depleting reserves of conventional oil and gas, rising demand for electricity, and technological advancements in the fields of exploration and production.
However, certain factors such as a substantial dearth of modern technologies in exploration and processing facilities in developing countries, requirement of high capital investment, and the concern of negative impact on the environment of unconventional oil and gas exploration activities are limiting the growth of the market to a certain extent.
As the global reserves of crude oil and natural gas continue to deplete and the demand continues to rise at a staggeringly high rate on a global front, the demand for tight oil, which is also referred to as shale oil and is a reliable substitute to crude oil, has seen an upward trend in the past few years. The trend is projected to govern the global market over the report’s forecast period as well, allowing the market for tight oil sufficient growth opportunities across several regional markets.
The global market for tight oil can be segmented on the basis of application, technology, location of reserves, and geography.
Major reserves of tight oil are found in countries such as the U.S., Mexico, and Canada in North America, Russia in Europe, Pakistan, China, Indonesia, and Australia in Asia Pacific, Libya in Africa, and Venezuela and Argentina in the Rest of the World. Of these, the U.S., Russia, and Canada are the major tight oil producing countries on a global front.
The report presents a comprehensive overview of the major segments of the market, analyzing them from a global as well as regional standpoint. A detailed analysis of the major factors that can have a significant impact on the overall development of the global tight oil market is also included in the report. Factors such as key demand drivers, challenges, and major trends are elucidated with the help of qualitative and quantitative market data.
Detailed insight into the competitive landscape of the market is also included in the report and business profiles of major vendors in the market, including Chevron Corporation, Total S.A, British Petroleum Plc., and Royal Dutch Shell Plc., are thoroughly examined.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
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Hydraulic Fracturing Market to Register Healthy CAGR of 6.12% from 2014 to 2022 despite Environmental Roadblocks

Transparency Market Research (TMR) has published a new market study based on the global hydraulic fracturing market. With an increase in the number of successful discoveries of shale gas and tight gas reserves, hydraulic fracturing (fracking) techniques are adopted extensively to extract large quantities of hydrocarbons. The global hydraulic fracturing market valued at US$38.32 bn in 2014 and is expected to reach US$66.06 bn by 2022, expanding at a CAGR of 6.12% in the period from 2014 to 2022. The report is titled “Hydraulic Fracturing Market, - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2014 - 2022.”
The report states that the hydraulic fracturing market which stood at 21.34 MHHP in 2013, is expected to expand at a CAGR of 5.30% from 2014 to 2022, to reach 33.97 MHHP by 2022 in terms of volume. The report contains an executive summary comprising a snapshot of the hydraulic fracturing market, containing detailed information on the various segments, as well as the market dynamics such as growth drivers and restraining factors. It also analyzes the impact of these dynamics on the market during the forecast period 2014 to 2022.
Hydraulic fracturing techniques are primarily implemented on unconventional reservoirs such as tight oil, tight gas, shale gas, shale oil, and coal bed methane. Over time, hydraulic fracturing has begun to gain preference in conventional gas and oil fields on abandoned wells which were deemed uneconomical in the past. With the implementation of the hydraulic fracturing technique, the production of natural gas and crude oil has become possible from matured fields. Currently, 70% of the overall production of hydrocarbons is from matured fields.
The application of hydraulic fracturing techniques results in significant cost and time savings, which is one of the reasons for an increase in the adoption of this technique. The adoption of hydraulic fracturing by several countries such as Saudi Arabia, Oman, and the U.S. for both conventional and unconventional gas and oil fields has propelled the global hydraulic fracturing market. Moreover, according to the U.S. Energy Information Administration (EIA), large quantities of shale gas and shale oil reserves are available for extraction in North America, which will further drive the hydraulic fracturing market. These discoveries in North America have helped the region to transform from an energy importing nation to an energy exporting nation. It has also helped the region to create huge employment opportunities and increase energy security. According to the report, North America would be the largest exporter of natural gas and crude oil in the future, indicating many emergent opportunities in the fracking market in North America.
The global hydraulic fracturing market is segmented on the basis of technology, application, and region. Major regions studied are Europe, North America, Asia Pacific, and RoW. Out of these, North America dominates the market, owing to large shale reserves present in the region. On the basis of application, the market is segmented into conventional, shale gas, and others.
Key players in the hydraulic fracturing market include: Calfrac Well Services Ltd., Baker Hughes Inc., FTS International, Inc., Nabors Industries Ltd., RPC, Inc., Halliburton Company, Schlumberger Limited, Trican Well Services Limited, Weatherford International Ltd, and United Oilfield Services, Inc.
The global hydraulic fracturing market has been segmented as follows:
Technology
  • Plug and Perf
  • Sliding Sleeves
Application
  • Conventional
  • Shale gas
  • Others
Regional
North America
  • U.S.
  • Canada
  • Mexico
Europe
  • Germany
  • Spain
  • Italy
  • France
  • U.K.
  • Rest of Europe
Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
Rest of the World (RoW)
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
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Global Demand for Bio-based Lubricants to Touch 785 Kilo Tons by 2018 Driven by Strong Regulatory Support

Transparency Market Research, in a report, titled “Synthetic & Bio-Based Lubricants Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth And Forecast, 2012 - 2018,” states that the global synthetic and bio-based lubricants market is fueled by the reduction in crude-oil dependence, the surging demand for automobiles, and the support from several regulatory bodies. In 2011, the demand for bio-based lubricants was pegged at 505.6 kilo tons and this is projected to rise to 785.0 kilo tons by 2018 at a 6.60% CAGR from 2013 to 2018. The demand for synthetic lubricants, on the other hand, stood at 35.1 million tons in 2011 and this is forecast to touch 41.5 million tons by 2018 at a 2.48% CAGR from 2013 to 2018.
The global synthetic lubricants market has been segmented based on product type into commercial automotive, industrial, and consumer automotive. Industrial lubricants held the largest share in the overall market with a 38.60% share in 2011. The demand for synthetic lubricants from consumer automotive applications is anticipated to reach 11.86 mn tons by 2018, expanding at a 2.58% CAGR from 2013 to 2018.
Bio-based lubricants, though more expensive than synthetic lubricants, have been gaining prominence in recent years owing to their increased lubricity, the monetary savings they enable, and their requirement for decreased energy input. Bio-based lubricants are preferred over conventional synthetic lubricants because of their physical properties of biodegradability, renewability, and high flash points.
By raw material, the bio-based lubricants market is bifurcated into animal oils and vegetable oils. The demand for vegetable oil-based lubricants is much greater and held a share of 87.50% in the overall bio-based lubricants market in 2011.
On the basis of application, the bio-based lubricants market is categorized into hydraulic oils, automotive oils, demolding oils, process oils, chainsaw oils, lubricating grease, turbine oils, compressor oils, metal working oils, and industrial gear oils. The automotive sector forms the largest application segment and in 2011 accounted for a share of 25.70% in the overall bio-based lubricants market. Hydraulic oils form the most rapidly developing application segment and are anticipated to expand at a 6.80% CAGR from 2013 to 2018.
Based on end use, the bio-based lubricants market is divided into commercial transportation lubricants, industrial lubricants, and consumer automotive lubricants. In 2011, automotive end uses, both consumer and commercial together held a 61.40% share in the bio-based lubricants market.
By geography, the synthetic and bio-based lubricants market is segmented into Europe, North America, Asia Pacific, and Rest of the World. Asia Pacific and Latin America are major markets for synthetic lubricants given the rapid growth of the automotive and industrial sectors in these regions. Europe is a strong contender in the bio-based lubricants market owing to the support from the government and agencies such as REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals).
British Petroleum plc, Exxon Mobil Corp., Fuchs Lubricants (India) Pvt. Ltd., Sinopec Corp., Total S.A., Binol Biolubricants, PANOLIN International Inc., PETRONAS Lubricants International, Royal Dutch Shell Plc, Statoil Lubricants, Indian Oil Corporation Limited, Petrobras, Cargill, Inc., ConocoPhillips Co., Renewable Lubricants, Inc., PetroChina Company Limited, Chevron Corporation, Valvoline International, Inc., and Millers Oils Ltd. are the players featured in the synthetic and bio-based lubricants market report.
Global Synthetic Lubricants Market, by Product Type
Industrial
  • Process Oils
  • General Industrial Oils
  • Metal Working Fluids
  • Industrial Engine Oils
Commercial Automotive
  • Heavy-Duty Engine Oil
  • Hydraulic and Transmission Fluid
  • Gear Oil
  • Grease
Consumer Automotive
  • Passenger Vehicle Engine & Motor Oil
  • Automatic Transmission Fluid
  • Gear Oil
  • Grease
Global Bio-based Lubricants Market, by Raw Material
  • Vegetable Oils
  • Animal Oils
Global Bio-based Lubricants Market, by Application
  • Automotive Oils
  • Hydraulic Oils
  • Process Oils
  • Demolding Oils
  • Lubricating Grease
  • Chainsaw Oils
  • Compressor Oils
  • Turbine Oils
  • Industrial Gear Oils
  • Metal Working Oils
Global Bio-based Lubricants Market, by End Use
  • Industrial Lubricants
  • Commercial Transportation Lubricants
  • Consumer Automotive Lubricants
Global Synthetic and Bio-based Lubricants Market, by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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Friday, 1 April 2016

Marine Composites Market to Exhibit 7.0% CAGR Helped by a Growing Boat Building Industry Globally

Transparency Market Research has released a new market study report on marine composites, titled "Marine Composites Market for Powerboats, Sailboats, Cruise Liners and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019." The report states that the global marine composites market, which valued at US$954.6 mn in 2012, is expected to reach a valuation of US$1,549.6 mn by 2019, expanding at a CAGR of 7.0% from 2013 to 2019.
Marine composites are used to provide the perfect balance of strength, stiffness, and lightweight properties to boats and vessels. Marine composites bring about a significant reduction in the overall weight of a watercraft, which leads to reduced operating costs, reduced greenhouse gas emissions, and greater fuel efficiency. Marine composites also help architects of boats to enjoy greater freedom in terms of design, thus enabling the manufacturing of boats and parts with complex design. Moreover, marine composites have inherent corrosion resistance and durability, making them highly useful for the marine industry.
The global marine composites market is driven by an increase in the manufacture of leisure boats. Technological advancements in the marine composites market are also encouraging the growth of the market. There have been many new developments in boat building industries in oceanic countries such as South Korea, China, and others, which has increased the demand for marine composites substantially, thus boosting the market.
The growth of the marine composites industry is restricted by strict environmental regulations in Europe, especially those relating to concentration of styrene. However, the significant expansion of the prepegs market is expected to provide a huge opportunity for the marine composites market to capitalize on. Additionally, the rise in demand for bioplastics-based boats will create new opportunities for the marine composites market.
For a better understanding of the market, the report segments the marine composites market on the basis of products, applications, end user, and geography. By geography, the market is segmented into Europe, Asia Pacific, North America, and Rest of the World. In 2012, North America dominated the market, followed by Europe. The growth was attributed to increased demand for small boats and personal watercrafts. However, due to the development of boat building industries in China, the Asia Pacific market is expected to expand considerably between 2013 and 2019. Countries in the Rest of the Word will continue to exhibit steady demand for marine composites in the forecast period.
On the basis of product, the market is categorized into carbon fiber reinforced plastics, glass fiber reinforced plastics, foam core materials, and others. Due to the affordable price and lightness of weight, glass fiber reinforced plastics registered the highest demand and contributed maximum revenue to the global marine composites market in 2012. Foam core material was the second largest product segment and is expected to account for the largest share in the forthcoming years. The other marine composite products segment including out-of-autoclave prepegs and metal composites will emerge as dominant segments in the years to come.
Key market players profiled in the report are: 3A Composites GmbH, Taijin Ltd., Toray Industries Inc., Cytec Industries Inc., Hexcel Corporation, E.I. du Pont de Nemours, Koninklijke Ten Cate nv, Zoltek Companies Inc., and Gurit Holding AG.
The market has been segmented as below:
Product
  • Carbon fiber reinforced plastics (CFRPs)
  • Glass fiber reinforced plastics (GFRPs)
  • Foam core materials
  • Others (including metal composites, etc.)
End-user Analysis
  • Powerboats
  • Sailboats
  • Cruise liner
  • Others (including personal watercraft, jet boats, etc.)
Marine Composites Market: Regional Analysis
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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