STATCOM UPS Market: NextGen Technological Advancements, Professional Survey & Industry Trends - 2024

This research study analyzes the market for STATCOM UPS in India in terms of revenue (US$ Mn). The STATCOM UPS market has been segmented on the basis of product, application, and geography. The geographical segmentation includes four regions. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional level from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the STATCOM UPS business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the STATCOM UPS market in India.

These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the STATCOM UPS market in India with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the structure and profitability of the market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. The report also provides product differentiation for different STATCOM UPS technologies.

The high-level analysis in the report provides detailed insights into the STATCOM UPS business in India. There are currently numerous drivers of the market. The most prominent drivers include growing industrial sector coupled with increasing demand for power. Market attractiveness analysis was carried out for the STATCOM UPS market on the basis of end-use. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.

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The STATCOM UPS market was segmented on the basis of product type (insulated gate bipolar transistor (IGBT) based STATCOM UPS and gate turn off thyristors (GTO) based STATCOM UPS), application (long distance power transmission, power distribution, oil and gas offshore platforms, steel manufacturing, mining, and the automobile industry) and geography. The STATCOM UPS market in India was analyzed across four regions: East India, West India, North India, and South India. Key players in the STATCOM UPS market include Bharat Heavy Electricals Limited (BHEL), ABB India Limited, Crompton Greaves Limited, Schneider Electric India Pvt. Ltd., General Electric India Ltd., Mitsubishi Electric India Pvt. Ltd., Signotron India Pvt. Ltd., Power One Micro Systems Pvt. Ltd., Veeral Controls Pvt. Ltd., and NR Energy Solutions India Pvt. Ltd.

STATCOM UPS Market: By Product

• Gate Turn-Off Thyristors (GTO) STATCOM
• Insulated Gate Bipolar Transistors (IGBT) STATCOM

STATCOM UPS Market: By Application

• Long Distance Power Transmission
• Power Substations
• Oil & Gas
• Steel Manufacturing
• Mining
• Automobile Industry

Coal Bed Methane Market will reach US$15.3 Bn Expanding at a CAGR of 3.20% By 2018

According to the study, the global market for coal bed methane stood at US$13.9 bn in 2015. Expanding at a CAGR of 3.20% between 2010 and 2018, the market is likely to present an opportunity worth US$15.3 bn by the end of the forecast period. The industrial application segment recorded a higher demand for coal bed methane than other application segments in 2011 with a share of nearly 40%. The trend is likely to remain the same during the period of forecast, states the research report.

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With multinational companies, involved in the production of oil and gas by conventional means, entering into the global coal bed methane market , the competition within the market is increasing significantly, finds Transparency Market Research (TMR) in a recent study.

The market demonstrates a moderately concentrated structure. In 2011, the top three players, namely Queensland Gas, Arrow Energy, and Sydney Gas, accounted for a share of nearly 63% in the overall market. In order to expand their reach and minimize the competition, these players are aggressively focusing on mergers, acquisitions, and strategic alliances. Analysts at TMR expect the trend to continue over the next few years.

Asia Pacific to Register Higher Rate of Growth

The report also studies this market on the basis of its geographical reach. As per the study, the market is spread across North America, Europe, Asia Pacific, and the Rest of the World. Among these, North America emerged as the leading regional market for coal bed methane in 2011 with a share of nearly 80%.

With the abundant presence of coal bed methane reserves in the U.S. and Canada, North America is likely to remain dominant throughout the forecast period. The growing demand for sustainable fuel and the need for reducing the dependability on conventional sources of natural gas are also expected to increase the usage of coal bed methane in North America over the years to come.

Asia Pacific, however, is likely to register a higher rate of growth than other regional markets due to the presence of massive untapped natural gas reserves in China, India, Australia, and Indonesia. The rise in the usage of liquefied natural gas (LNG) is also projected to fuel the demand for coal bed methane in the region over the next few years, reports the study.

Increasing Trend of Clean Fuel Drives Demand for Coal Bed Methane

“The increasing focus on reducing dependability on conventional gas sources for fuel is driving the demand for coal bed methane,” states a TMR analyst. With the trend of clean fuel catching up steadily, natural gas has surfaced as the most preferred fuel for transportation and domestic purposes. However, the increased depletion of conventional sources of gas has created a severe challenge for energy companies.

In order to meet the growing demand for energy from various end users, these companies have shifted their focus towards unconventional sources of gas, coal bed methane being a highly preferred option. With a number of unexplored reserves, the market for coal bed methane is anticipated to continue expanding in the years to come, states the report.

Time Consuming Exploration Process to Negatively Influence Production of Coal Bed Methane

In spite of forward-looking trends, the market may face challenges from the time consuming as well as capital intensive process of exploring, developing, and extracting coal bed methane from reserves. “The number of drill holes required for exploring coal bed methane is ten times more than that needed for natural gas, which makes the whole process extremely lengthy and exorbitant,” says an analyst.

The global market for coal bed methane is segmented into:

By Application

• Industrial
• Power Generation
• Residential
• Commercial
• Transportation

Coal Bed Methane Market will reach US$15.3 Bn Expanding at a CAGR of 3.20% By 2018

According to the study, the global market for coal bed methane stood at US$13.9 bn in 2015. Expanding at a CAGR of 3.20% between 2010 and 2018, the market is likely to present an opportunity worth US$15.3 bn by the end of the forecast period. The industrial application segment recorded a higher demand for coal bed methane than other application segments in 2011 with a share of nearly 40%. The trend is likely to remain the same during the period of forecast, states the research report.

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With multinational companies, involved in the production of oil and gas by conventional means, entering into the global coal bed methane market , the competition within the market is increasing significantly, finds Transparency Market Research (TMR) in a recent study.

The market demonstrates a moderately concentrated structure. In 2011, the top three players, namely Queensland Gas, Arrow Energy, and Sydney Gas, accounted for a share of nearly 63% in the overall market. In order to expand their reach and minimize the competition, these players are aggressively focusing on mergers, acquisitions, and strategic alliances. Analysts at TMR expect the trend to continue over the next few years.

Asia Pacific to Register Higher Rate of Growth

The report also studies this market on the basis of its geographical reach. As per the study, the market is spread across North America, Europe, Asia Pacific, and the Rest of the World. Among these, North America emerged as the leading regional market for coal bed methane in 2011 with a share of nearly 80%.

With the abundant presence of coal bed methane reserves in the U.S. and Canada, North America is likely to remain dominant throughout the forecast period. The growing demand for sustainable fuel and the need for reducing the dependability on conventional sources of natural gas are also expected to increase the usage of coal bed methane in North America over the years to come.

Asia Pacific, however, is likely to register a higher rate of growth than other regional markets due to the presence of massive untapped natural gas reserves in China, India, Australia, and Indonesia. The rise in the usage of liquefied natural gas (LNG) is also projected to fuel the demand for coal bed methane in the region over the next few years, reports the study.

Increasing Trend of Clean Fuel Drives Demand for Coal Bed Methane

“The increasing focus on reducing dependability on conventional gas sources for fuel is driving the demand for coal bed methane,” states a TMR analyst. With the trend of clean fuel catching up steadily, natural gas has surfaced as the most preferred fuel for transportation and domestic purposes. However, the increased depletion of conventional sources of gas has created a severe challenge for energy companies.

In order to meet the growing demand for energy from various end users, these companies have shifted their focus towards unconventional sources of gas, coal bed methane being a highly preferred option. With a number of unexplored reserves, the market for coal bed methane is anticipated to continue expanding in the years to come, states the report.

Time Consuming Exploration Process to Negatively Influence Production of Coal Bed Methane

In spite of forward-looking trends, the market may face challenges from the time consuming as well as capital intensive process of exploring, developing, and extracting coal bed methane from reserves. “The number of drill holes required for exploring coal bed methane is ten times more than that needed for natural gas, which makes the whole process extremely lengthy and exorbitant,” says an analyst.

The global market for coal bed methane is segmented into:

By Application

• Industrial
• Power Generation
• Residential
• Commercial
• Transportation

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

Global Wind Energy Storage Devices Market: Description

Despite being around for the past several years, the concept of energy storage has been in limited use. However, recent technological advancements have created new opportunities for the global wind energy storage devices market. At a larger scale, the growing focus on smart cities and smart infrastructure has been fuelling the demand for wind energy storage devices as a key solution enabling the aforementioned advances.

Based on mode of storage, the wind energy storage devices market can be classified as compressed air storage, flywheels, and pumped hydro storage. Regionally, the market has been segmented into Europe, North America, Asia Pacific, and Rest of the World. The future of the wind energy storage devices market seems quite promising as governments around the world accelerate their spending on harnessing energy from renewable sources such as wind, water, and solar.

In the forthcoming years, the global wind energy storage devices market will witness significant opportunity for growth. Transparency Market Research’s report on the global market provides an in-depth industry analysis to help enterprises grow. The study offers insights into opportunities in established and emerging markets alike. It also offers thorough knowledge about the dynamic regulatory environment worldwide.

The key factors that the report focuses on include drivers boosting the market, factors restraining its growth, opportunities for growth, and vendor landscape. The strengths and weaknesses of the leading players in the global wind energy storage devices market are also analyzed using industry-leading analytical tools.

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Global Wind Energy Storage Devices Market: Overview

As per TMR, during the course of the forecast period between 2012 and 2018, the global wind energy storage devices market is expected to rise at a CAGR of 25.4%. Over the last few years, wind energy utilization has been witnessing tremendous growth. Several factors have aided this, the primary being the existing demand-and-supply gap, which can be only mitigated using advanced storage solutions.

Besides this, the dwindling of fossil fuels, which results in high fluctuation of petroleum prices, and the increasing need for pollution-free energy have been crucial drivers for the global wind energy storage devices market. These devices are designed to store the wind energy generated during peak times and use them during times of need. This storage system is based on the actual wind energy generation of a given plant because wind power is basically a variable form of energy.

However, in order to function efficiently, these storage devices require certain specific geographic conditions. For instance, location is a major criterion to be taken care of for installing these devices. Hence, demand for wind energy storage devices is concentrated in locations fit for their usage.

TMR forecasts the global wind energy storage devices market to grow at a positive pace as the demand for energy derived from renewable sources increases in the near future. With the investment in the wind energy market increasing, efficient energy storage solutions will play a pivotal role in ensuring uninterrupted supply of energy.

Companies Mentioned in Report

To present an exhaustive analysis on the prevailing competitive landscape, the report also profiles some of the leading players operating in the market. Duke Power, Beacon Power, Dresser-Rand, Extreme Power, and Ballard Power are among the prominent companies operating in the market.

Utility-Scale Energy Storage Technologies Market Global Market Opportunity Assessment Study 2024.

The growing demand for energy is likely to stimulate the application of utility-scale energy storage technologies globally in the coming years. The usability of these technologies in increasing the efficiency of energy storage systems is expected to fuel their adoption significantly across the world over the next few years. The increasing need to reduce carbon footprint is also expected to drive the growth of this market in the near future.

The global market for utility-scale energy storage technologies has been broadly assessed on the basis of technology and geography. Based on technology, the market has been segmented into pumped hydro-power, compressed air energy storage, thermal energy storage, flywheels, and solid state batteries. Based on geography, the market has been categorized into North America, Europe, Asia Pacific, and the Rest of the World.

This research study has been prepared after extensive research of the worldwide utility-scale energy storage technologies market and provides a complete overview of this market considering its current as well as historical performance. Key trends, growth drivers, limitations, opportunities, and market potential have also been discussed at length in this report.

Overview of Utility-Scale Energy Storage Technologies Market

The rising urbanization across the world has led to a significant surge in the need for energy, causing a massive energy load on grids. Energy storages are required to be integrated with power grids in order to take that load off. This factor has created a significant requirement for utility-scale energy storage technologies across the world.

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Among the technologies, the demand for pumped hydro-power is higher than others. Apart from this, solid state batteries and compressed air energy storage are also witnessing healthy growth in their demand.

On the geographical front, North America is leading the global market. With the deployment of nearly 15 utility-scale technologies for energy storage, the region is likely to remain dominant over the forecast period. Europe and Asia Pacific are also projected to report a significant rise over the next few years.

Despite the bright future, the market may be hampered by stringent government regulations associated with energy storage in the years to come. However, the rising investment in research and development activities in this field is projected to create lucrative growth opportunities for the companies functioning in the global utility-scale energy storage technologies market in the near future.

Companies mentioned in the research report

Alstom, AES Corp., ABB Ltd., General Electric, Eos Energy Storage, Convergent Energy + Power, S&C Electric Co., Hawaiian Electric Co. Inc., and SEEO Inc. are some of the leading players in the global market for utility-scale energy storage technologies.

Direct Methanol Fuel Cell Market is expected to rise at a remarkable CAGR By 2024

Global Direct Methanol Fuel Cell Market: Description

Significant rise in research and development efforts in the past few decades has enabled excellent progress in the field of fuel cells, the electrochemical devices that convert the energy of a chemical reaction directly to electrical energy, with virtually no pollution. In this sector, direct methanol fuel cells (DMFC) have emerged as a viable candidate capable of replacing many fuel cell technologies across a vast number of applications.

The DMFC technology is considered a breakthrough invention for portable energy delivery, which can be effectively used in portable mobile devices such as smartphones and tablets. Longer working durations and higher energy densities of DFMCs as compared to conventional batteries and the mounting use of mobile devices are some factors that are expected to help fuel the demand for DMFCs globally. Looking at the ongoing development in the DMFC industry, direct methanol fuel cells are expected to witness decline in costs and become competitive with thin film batteries in the next few years.

The overview section of the global methanol fuel cell market examines details such as market drivers, restraints, competitive landscape, opportunities, and key trends of the present as well as the past years. Porter’s five forces model has been used to explain the competitive landscape of the market and study the feasibility of new projects. Detailed business profiles of some of the key vendors operating in the market are included, with thorough details regarding their recent activities, product portfolios, contact details, revenues, and other essential details.

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Global Direct Methanol Fuel Cell Market: Overview

The global market for direct methanol fuel cells holds excellent promise of growth in the next few years. Volume-wise, the market is projected to reach 92,000 units by 2016. Growth in the market will be driven chiefly by the vast rise in the consumer base of portable electronics devices and the increasing demand for longer-lasting power supplies. Stringent environment sustenance-related regulations that require a reduction in emissions of harmful gases from manufacturing industries and automobiles are also expected to drive the global consumption of direct methanol fuel cell and increase the number of applications where these cells are used.

The report examines the market for direct methanol fuel cells across geographies such as North America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific is presently the leading regional market, accounting for a share of 38% of the global market, trailed by North America, which commands a share of over 35% of the market.

Some of the key applications of direct methanol fuel cells examined in the report are across portable electronic devices, transport, and stationary applications such as power storage. In the next few years, transportation is expected to emerge as a key application sector of direct methanol fuel cells.

Global Direct Methanol Fuel Cell Market: Key Players

Some of the key vendors operating in the global direct methanol fuel cell market are Antig Technology Co. Ltd., Viaspace Inc., Neah Power Systems Inc., Cmr Fuel Cells Plc, Polyfuel Inc., Oorja Protonics Inc., Samsung Sdi Co. Ltd., Toshiba Corp., Dupont Fuel Cell, Idatech Llc, Fujikura Ltd., Ultracell Corp., Panasonic Corp., and Mti Micro Fuel Cells Inc.

Lighting Equipment Market is expected to witness substantial growth during Forecast by 2024

The lighting equipment market is in a state of flux as the conventional incandescent bulbs are increasingly being replaced by the more efficient lighting such as LEDs and CFLs. The lighting equipment market is under much scrutiny of late, owing to the high potential for CO2 abetment and because of the many new entrants making their way in the industry. The rising awareness among an expanding segment of the urban society regarding environmental conservation is contributing to the growth of the market. The growing population is also aiding the growth of the market.

By end user, the market is segmented into industrial, commercial, and others. The lighting equipment industry depends heavily upon the commercial and residential construction, as the demand from these segments makes up a significant share of the industry revenue. On the basis of application, the market is segmented into general purpose lighting, vehicle/automobile lighting, backlighting, and others.

The report is holistic, providing a complete view across all key sectors, geographies, applications, light-source technologies, and different stages of the value chain. The study covers key industry parameters such as market definition, classification, specification, and application. It discusses the growth prospects and upcoming trends in the global lighting equipment market. Factors hindering the growth of the market have also been discussed in detail. The impact of regulatory policies and predominant economic trends on the overall market has been studied in the report.

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Overview of the Lighting Equipment Market

Rising urbanization is encouraging the market to grow. Newer innovations and developments of products such as LED, which support green initiatives, are other factors driving the growth of the global lighting equipment market. Lighting equipment is used across homes, workplaces, shops, hospitals, roads, airports, and sports stadiums. Manufacturing firms also use lighting equipment in products such as household appliances and other electronic gadgets. All these factors will ensure the market’s growth over the coming years.

The high competition in the market owing to the presence of a number of players is one of the factors restraining the growth of the market. The high cost of the technologically advanced lighting equipment becomes a problem for price sensitive consumers.

The developing countries in Asia Pacific are expected to be lucrative markets for lighting equipment. The low labor costs in Asian countries have enabled foreign producers to sell competing products at much lower prices.

On the basis of technology, the global lighting equipment market is segmented into conventional lighting/non-eco-friendly lighting, eco-friendly lighting, solid state lighting (SSL), light emitting diodes (LED), organic light emitting diodes (OLED), and polymer light emitting diodes (PLED).

Key Players in the Global Lighting Equipment Market

The report profiles key vendors operating in the market such as Philips, GE, Panasonic, MIC Electronics, Osram, Zumtobel, and others. The key strategies adopted by companies and their business and financial overview have also been analyzed in the report. The challenges faced by companies and their recent developments are discussed.

Key segments of the lighting equipment market

Based on Application

• General Purpose Lighting
• Vehicle/Automobile Lighting
• Backlighting
• Others

Based on Technology

• Conventional Lighting/Non-Environment Friendly Lighting
• Environment Friendly Lighting
• SSL (Solid State Lighting)
• LED (Light Emitting Diodes)
• OLED (Organic Light Emitting Diodes)
• PLED (Polymer Light Emitting Diodes)