Wednesday, 14 August 2019

HVDC Cables Market Share – Industry Analysis, Key Players and Trends to 2025

HVDC Cables Market share is set to surpass USD 6 Billion by 2025. Increasing inclination toward security of supply and grid stability along with growing electricity demand will positively impact the product demand.
Introduction of stringent regulatory framework to limit carbon emissions favored by the consumer cognizance subject to the renewable energy projects will stimulate the high voltage direct current cables market growth. In addition, growing demand for the re-establishment of the existing grid network coupled with the power deficits on account of weather events, brownouts and grid inefficiencies will propel the industry growth.
Rising inclination pertaining to technological improvements of prevailing electrical infrastructure across developed nations in line with lack of effective power transmission & distribution systems will foster the HVDC cables market share. Government initiatives with subject to renewable power capacity additions along with aging & inadequate transmission infrastructure will further encourage the product penetration. Moreover, positive regulatory reforms toward sustainable energy assets accompanied by rising funding to develop viable power grids will strengthen the industry share.
Browse key industry insights spread across 530 pages with 1083 market data tables & 30 figures & charts from the report, “HVDC Cables Market Size By Voltage (High {35 kV to 110 kV, > 110 kV to 275 kV, > 275 kV to 475 kV}, Extra High, Ultra High), By Installation (Overhead, Submarine {Offshore Wind Power Generation, Inter Country & Island Connector, Offshore Oil & Gas}, Underground), By Application (Intra-regional {Interstate, Intrastate}, Cross border, Others) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, France, Italy, Germany, Greece, Norway, Denmark, Ireland, Belgium, China, Japan, South Korea, India, Australia, Indonesia, New Zealand, Malaysia, UAE, Saudi Arabia, Qatar, Kuwait, Oman, Turkey, South Africa, Egypt, Nigeria, Brazil, Peru, Chile, Argentina) Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
The EHV cables in 2025, is projected to exceed USD 4 billion. Limited utilization of conductors, effective long-route power transmission and no sagging losses are the few imperative parameters which will energize the industry growth. Revamping of small -scale industrial peripherals across developing economies coupled with large scale commercial development will augment the industry growth. Furthermore, growing dependency on industries including manufacturing and power generation facilities will foster the industry dynamics.
Europe HVDC cables market in 2025, is anticipated to surpass USD 3.6 billion. Ongoing advancements toward effective T&D network along with increasing cross-border energy trade will positively influence the business outlook. Growing share of sustainable energy sources accompanied by the stringent regulator norms will thrust the industry growth. The government authorities with an objective to establish an efficient energy infrastructure have been rapidly investing to serve their electricity generation and transmission & distribution networks.
Overhead installation is projected to surpass an annual installation of 10,800 km by 2025. Better controllability, minimal short-circuity current and efficient asynchronous interconnection are few of the key advantages which will boost the business growth. Reduced sagging losses across long-distance power transmission lines coupled with effective operational adaptability & improved life span will positively influence the industry landscape.
Submarine installation will gain an upsurge owing to various regulatory reforms including leveraging schemes, subsidies and incentives coupled with increasing investments to develop a sustainable energy environment. Easy installation & low material cost favored by rapidly budding island interconnections will complement the business outlook. In addition, industrial integration toward economical and efficient cable technology coupled with installation of offshore wind farms will encourage the product adoption.
Eminent industry players operating across the HVDC cables market comprises of LS Cable & System, ZMS Cable, NKT, ABB, Hengtong, Siemens, Sumitomo, Gupta Power, Alfanar, Toshiba, Mitsubishi, Ningbo Orient, TF Cables, Prysmian, GE, ZTT, Taihan, Hitachi and Nexans.

Tuesday, 13 August 2019

Heat Recovery Steam Generator Industry Forecast 2019-2025

Heat recovery steam generator market size has been expanding over the last decade, due to industrial growth & mounting demand for energy efficiency across the various manufacturing sectors that require wide application of steam generators.
Growth of heat recovery steam generators market can be cited through instances such as the recent bagging of a contract to deliver a power island for the new Yerevan 2 CCPP (Combined Cycle Power Plant) in Armenia by global technological company Siemens. The power island will include heat recovery steam generators. Siemens will ensure that the plant continues to produce electricity economically and reliably, for the long run.
Browse key industry insights spread across 300 pages with 444 market data tables & 37 figures & charts from the report, “Heat Recovery Steam Generator Market Size By Design (Horizontal Drum, Vertical Drum), By Rated Power ( 0-30 MW, >30-50 MW, >50-100 MW, >100-200 MW, >200 MW), By Mode of Operation (Cogeneration, Combined Cycle), By Application (Utilities, Chemical, Refineries, Pulp & Paper), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Finland, Russia, Germany, Denmark, Sweden, Italy, Netherlands, China, Japan, South Korea, India, Australia, Indonesia, Singapore, Malaysia, Philippines, UAE, Saudi Arabia, Qatar, Oman, Kuwait, Egypt, South Africa, Nigeria, Brazil, Argentina, Chile, Peru), Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
A paradigm shift towards reduced operational cost & sustainable energy sources is contributing to heat recovery steam generator market growth. Moreover, stringent regulatory norms for emission control will also augment the product penetration.
The power generation industry is one of the prominent industries that is successfully leveraging the benefits of heat recovery steam generators. The power generation industry is demonstrating an increased preference for combined cycles, which are in high demand due to high efficiency & minimal delivery time. The most important component in combined cycle and cogeneration power plants is the heat recovery steam generator, which uses gas turbine & steam turbine for power generation thus resulting in improved efficiency which is beneficial in reducing fuel expanse.
The oil & gas market has been expanding owing to higher-than-expected demand growth. As per an Oil & Gas survey, around 45% of contractors have increased investment spend in the UK Continental Shelf over the past one year. Volatile fossil fuel prices along with increased focus upon reducing dependence on the same are some of the major factors enhancing the demand for energy efficient systems. Vertical drum heat recovery stream generator is best suited for both gas and oil operations, especially for heavy fuel oil applications. The surge for cleaner & efficient modes of energy production will further increase the heat recovery steam generators market share.
The Asia-Pacific heat recovery stream generator market is anticipated to thrive due to the rise in population & living standards that has made electricity an important commodity for many countries in this region.
Emerging economies are not yet able to develop technologies that will make them fossil fuel independent. Instead they are still heavily dependent on fossil fuels which makes it imperative for these countries to establish a robust refineries industries. Considering that heat recovery steam generators find application in refineries, expansion of refineries will in turn lead to growth in heat recovery steam generators market.
As per Global Market Insights, Inc. estimates, HRSG market will exceed $1.8 billion by 2025.
Heat recovery steam generator systems has wide-ranging applications across refining, commercial, petrochemical industry, centralized heating & power generation. Increased magnitude of energy optimization across the manufacturing sector along with increasing infrastructure spending toward the refurbishment & development of various industries are expected to positively impact the heat recovery steam generator market share. Rapid technological advancements resulting in cost-effective & highly efficient heat recovery solutions will further supplement industry landscape.

Monday, 12 August 2019

2019 HVDC Converters Market Growth | Trends Analysis Report 2025

HVDC Converters Market market is becoming an increasingly important domain across the energy landscape, which can be attributed to fast-paced digitalization, decarbonization and distributed generation efforts. HVDC systems offer the capability to efficiently transmit loads over long distances, which will result in product penetration across the global power infrastructure. Ongoing advancements in technology aimed to minimize transmission and distribution losses across the power supply network will stimulate HVDC Converters Market industry trends over the forecast timeframe.
Favorable government initiatives regarding the development of intra-regional and cross border transmission networks will offer considerable prospects for power component manufacturers worldwide. Modernization and revamping of the existing electric infrastructure across developed economies will stimulate the demand for reliable and more efficient AC to DC or DC to AC Converters Market.
HVDC Converters Market industry size is expected to witness remarkable growth owing to rising integration of renewable power generation technologies into the grid along with stringent norms to ensure energy efficiency. Reportedly, global power demand witnessed a 4% escalation in 2018, nearly twice as fast as overall energy demand.
Power generation from gas and coal-based power plants increased significantly over the past year, pushing up carbon emissions by 2.5%. Demand for air-conditioning during summer peeked in 2018, which was recorded as the fourth hottest year. Similarly, North America witnessed colder-than-average winters which resulted in the increased deployment of room-heating appliances. Globally surging power demand coupled with rising concerns towards CO2 emissions will be impactful factors driving HVDC Converters Market market outlook, as renewable production rises.
Browse key industry insights spread across 234 pages with 402 market data tables & 28 figures & charts from the report. “HVDC Converters Market Market Size By Voltage (<500 kV, 500-800 kV, 800-1,000 kV, >1,000 kV), By Power Rating (<3,000 MW, 3,000-6,000 MW, 6,000-10,000 MW, >10,000 MW), By Configuration (Monopolar, Bipolar, Back To Back, Others), By Converter (LCC, VSC, Others), Industry Analysis Report, Regional Analysis (U.S., Canada, China, India, South Korea, Australia, UK, Germany, France, Norway, Russia, Rest Of World), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019– 2025” in detail along with the table of contents:
The Ultranet project in Germany was aimed at establishing a 340-kilometer DC line between North Rhine-Westphalia and Baden-W├╝rttemberg to transmit over 2,000 megawatts of power. TransnetBW in collaboration with Amprion had designed the project to transform a completely point-to-point connection into a HVDC transmission with three grid connection points in Lower Saxony in the north, Baden-W├╝rttemberg in the south and North Rhine-Westphalia in the west. Increasing deployment of such systems in the future will escalate HVDC Converters Market industry share over the forecast timeline.
Korea Electric Power Corporation (KEPCO) has recently appointed ABB to build new HVDC converter stations to provide additional 200 megawatt of electricity to Jeju island, for powering over 500,000 houses. ABB will deploy its VSC technology driven HVDC Light for the project, owing to the fact that HVDC is the most cost-effective, environment friendly and efficient method for transmission of large amounts of power over long distances, with negligible power losses. Growing deployment of HVDC Converters Market along such mega projects globally will transform HVDC Converters Market market substantially.
Owing to rising deployment of renewable power generation projects and stringent emission control regulations, HVDC converter products are expected to witness tremendous adoption, in line with the escalating power consumption rate and ongoing advancement in electrical infrastructure. Reports estimate that global HVDC Converters Market market share will exceed USD 13 billion by 2025. ABB, C-EPRI, Toshiba, General Electric and Siemens are some of the key players outlining the industry’s competitive landscape.
Partial Table of Contents (ToC) of the report:
Chapter 6 HVDC Converters Market Market, By Configuration
6.1 HVDC Converters Market market share by configuration, 2018 & 2025
6.2 Monopolar
6.2.1 HVDC Converters Market from monopolar, 2014 – 2025
6.2.2 HVDC Converters Market from monopolar, by region, 2014 - 2025
6.3 Bipolar
6.3.1 HVDC Converters Market from bipolar, 2014 – 2025
6.3.2 HVDC Converters Market from bipolar, by region, 2014 - 2025
6.4 Back to back
6.4.1 HVDC Converters Market from back to back, 2014 – 2025
6.4.2 HVDC Converters Market from back to back, by region, 2014 - 2025
6.5 Others
6.5.1 HVDC Converters Market from others, 2014 – 2025
6.5.2 HVDC Converters Market from others, by region, 2014 - 2025

Marine Gensets Market 2019 Regional Trend | Growth Projections to 2025

Global marine gensets market forecast is anticipated to be significantly positive over the coming years owing to ongoing technological advancements in the industry in terms of engine modification, to achieve improved performance as well as effective reduction in engine noise.
Consistent advances in technology have also transformed shipping into an extremely quick and efficient method of transportation. Increasing investments in shipbuilding coupled with the growth of seaborne transport, which is fueled by rising interregional trade practices, will propel marine generators industry outlook over the projected timeline.
Pages: 380
Tables: 581
Charts / Figures: 27
Companies covered: 13
Countries covered: 27
Mounting concerns over the effects of marine sulfur emissions on health as well as the environment along with increasing R&D activities focused on fuel efficiency will boost product penetration. Over the last century, the shipping industry has witnessed tremendous surge in total trade volume driven by rapid industrialization. Rising inclination of shipowners towards the adoption of eco-friendly fuels to minimize the emission of harmful gases and reduce their carbon footprint is further expected to stimulate marine gensets industry growth over the analysis period.
Developing economies, mainly in the Asia-Pacific (APAC) belt, have been the key for the growth of seaborne trade worldwide. According to a report by the United Nations Conference on Trade and Development (UNCTAD), the share of emerging economies in seaborne trade imports & exports had climbed rapidly over the past decade, touching almost 63% in 2017. Rise in sea trade activities across the world will certainly transform global marine gensets market landscape.
Browse key industry insights spread across 380 pages with 581 market data tables & 27 figures & charts from the report, “Global Marine Gensets Market Size By Fuel (MDO, MGO, LNG, Hybrid) Power Rating (<1,000 kW, 1,000 kW-5,000 kW, 5,000 kW-10,000 kW, 10,000 kW-20,000 kW, >20,000 kW), By Application (Commercial {Container Vessels, Tankers, Bulk Carriers, RO-RO}, Offshore {AHTS, PSV, FSV, MPSV}, Recreational {Cruise-Ships, Ferries, Yachts}, Navy), Industry Analysis Report, Regional Analysis (U.S., Canada, Germany, UK, Italy, Norway, France, Russia, Denmark, The Netherlands, China, Japan, India, South Korea, Australia, Vietnam, Singapore, Saudi Arabia, UAE, Iran, Angola, Egypt, South Africa, Brazil, Argentina, Mexico), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
According to the International Council on Clean Transportation (ICCT), ships are considered to be an efficient means of transport and carry over more than 80% trade by volume. But these vessels have also increasingly become a source for both air as well as climatic pollution. Most marine fuels have sulfur content of about 25,000 parts per million (ppm) compared to 10-15 ppm for on-road petrol and diesel in Europe and North America. It has become extremely important to cut down shipping emissions, which will effectively alter marine gensets market scope in terms of power generation technology.
LNG-based marine gensets can be anticipated to experience rapid adoption as it is a cleaner fuel option and worldwide, the production of LNG has escalated significantly over the past few years. Various companies have developed new purpose systems for a variety of ships to replace existing diesel-fueled systems, as well as those effectively made for dual use. Increased deployment of LNG-fueled marine gensets in key locations around the world has encouraged vessel operators to reconsider the viability of LNG as a marine fuel.
Partial Table of Contents (ToC) of the report:
Chapter 4 Global Marine Gensets Market, By Fuel
4.1 Global marine gensets market share by fuel, 2018 & 2025
4.2 MDO
4.2.1 Global market from MDO, 2014 – 2025
4.2.2 Global market from MDO, by region, 2014 - 2025
4.3 MGO
4.3.1 Global market from MGO, 2014 – 2025
4.3.2 Global market from MGO, by region, 2014 - 2025
4.4 LNG
4.4.1 Global market from LNG, 2014 – 2025
4.4.2 Global market from LNG, by region, 2014 - 2025
4.5 Hybrid
4.5.1 Global market from hybrid, 2014 – 2025
4.5.2 Global market from hybrid, by region, 2014 - 2025
4.6 Others
4.6.1 Global market from others, 2014 – 2025
4.6.2 Global market from others, by region, 2014 - 2025
Chapter 5 Global Marine Gensets Market, By Power Rating
5.1 Global marine gensets market share by power rating, 2018 & 2025
5.2 <1,000 kW
5.2.1 Global market from <1,000 kW, 2014 – 2025
5.2.2 Global market from <1,000 kW, by region, 2014 - 2025
5.3 1,000-5,000 kW
5.3.1 Global market from 1,000-5,000 kW, 2014 – 2025
5.3.2 Global market from 1,000-5,000 kW, by region, 2014 - 2025
5.4 5,000-10,000 kW
5.4.1 Global market from 5,000-10,000 kW, 2014 – 2025
5.4.2 Global market from 5,000-10,000 kW, by region, 2014 - 2025
5.5 10,000-20,000 kW
5.5.1 Global market from 10,000-20,000 kW, 2014 – 2025
5.5.2 Global market from 10,000-20,000 kW, by region, 2014 - 2025
5.6 >20,000 kW
5.6.1 Global market from >20,000 kW, 2014 – 2025
5.6.2 Global market from >20,000 kW, by region, 2014 - 2025

Thursday, 8 August 2019

2019 Gas Insulated Power Equipment Market Growth | Trends Analysis Report 2025

The size of Gas Insulated Power Equipment Market was anticipated as 17 billion in the year 2018 and is predicted to touch 30 billion till 2025, as per the research done by Global Market Insights, Inc.
the Gas Insulated Power Equipment market has been analyzed concerning four regions, namely,
· North America
· Europe
· Asia Pacific
· Rest of World
The global gas insulated power equipment market is poised to experience steady expansion over the ensuing years, owing to the increased demand for compact substations for decreasing the overall maintenance requirements, project space, and cost. The demand for gas insulated power units will be primarily led by factors like burgeoning energy demand, adoption of renewable energy sources, and increasing expenditure on electrification among others.
Browse key industry insights spread across 562 pages with 1261 market data tables & 35 figures & charts from the report, “Gas Insulated Power Equipment Market Size By Product (Switchgear (GIS) [Voltage {Medium, High}, Installation {Underground, Tunnels & Troughs, Above Ground}, Application {HVAC, HVDC}], Lines (GIL) [Voltage {Medium, High}, Installation {Underground, Tunnels & Troughs, Above Ground}, Application {HVAC, HVDC}]), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, Italy, France, Russia, Spain, China, India, Japan, South Korea, Indonesia, Malaysia, Singapore, Thailand, Taiwan, Philippines, Australia, New Zealand, Saudi Arabia, UAE, South Africa, Bahrain, Qatar, Oman, Kuwait, Egypt, Turkey, Brazil, Argentina, Peru), Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Powered by population increase, the worldwide demand for energy is surging, while developed nations continue to consume massive amounts of energy, the demand across developing nations is escalating at rapid pace. Numbers released by the UN DESA report suggest that the global population would reach 8.5 billion by 2030 and 9.7 billion by 2050. Growth will mainly be observed in developing nations, where the increasing standard of living will generate a higher demand for energy resources. Additionally, technological advancement boosts the availability of energy-consuming products. The integration of conventional power infrastructure to meet the growing power demand from emerging nations will propel the gas insulated power equipment industry.
The paradigm shift in electrification to reduce emissions and embrace alternative energy sources will spike the need for sustainable electric infrastructure in the coming years. Increasing investment to integrate robust grid infrastructure, enhance power transmission capacity, and to modernize existing electrical infrastructure will drive the gas insulated power equipment industry. For instance, electric cars can significantly reduce emissions, and countries like Denmark are investing immensely to expand and upgrade their present electricity grid infrastructure to become an all-electric vehicle nation in the foreseeable years. In this backdrop, it can be assumed that increasing electrification initiatives will surge the demand for gas insulated transmission lines and GIS apparatus, thereby proliferating the gas insulated power equipment market in the following years.
Climate change and global carbon emission from power generation are two of the major challenges witnessed by the current generation, but amidst these issues lies a huge opportunity for the gas insulated power equipment market growth. To prevent emission, several nations have already adopted energy generation from renewable sources, which could potentially result in a massive demand for advanced and compatible electrical infrastructure.
According to estimates by the International Renewable Energy Agency, the share of renewable in the overall energy mix throughout all nations is estimated to surpass 40 percent and, in some nations, the share is likely to surge up to 60 percent by the year 2050. The use of clean energy will require the integration of compatible renewable grid networks and substations, which in return will boost product demand in the near future.
All in all, gas insulated power equipment are essential tools for the operational efficiency of the energy sector. Provided that there is a considerable increase in the electric power consumption and the demand is anticipated to grow on account of numerous electrification projects, the gas insulated power equipment industry will continue to experience substantial momentum. A report by Global Market Insights, Inc. projects the global gas insulated power equipment market to be worth more than $30 billion by 2025.

Wednesday, 7 August 2019

Home Standby Gensets Market Share – Industry Analysis, Key Players and Trends to 2025

The U.S. home standby gensets market is anticipated to surpass USD 1 billion by 2025. Growing intensity and frequency of severe weather conditions driven by climate change will accelerate the deployment of these gensets. For instance, in 2017, a Category 4 storm Hurricane Maria, vandalized over 80% of the power transmission lines in Puerto Rico, while leaving nearly 1.5 million electricity consumers without power. These occurrences are increasing the region's dependence on standby backup power units as a preparedness measure toward future extreme weather conditions.
Single phase home standby generator sets market is set to witness robust growth on account of unreliable grid infrastructure along with rising consumer awareness toward emergency backup power. These gensets are primarily suitable for small and medium sized residential applications on account of their relatively lower maintenance and operational suitability for lower power ranges. Furthermore, economic feasibility of these units to cater to low internal loads will accelerate its deployment.
Browse key industry insights spread across 422 pages with 823 market data tables & 29 figures & charts from the report, “Global Home Standby Gensets Market Size By Power Rating (<10 kVA, 10 - 50 kVA, 50 – 100 kVA, >100 kVA), By Fuel (Gas, Diesel, Others), By Phase (Single Phase, Three Phase, By Product (Air Cooled, Liquid Cooled) Industry Analysis Report, Regional Analysis (U.S., Canada, Russia, UK, Germany, France, Spain, Austria, Italy, China, India, Australia, Japan, South Korea, Indonesia, Thailand, Philippines, Malaysia, Vietnam, Saudi Arabia, UAE, Qatar, Turkey, Iran, Oman, Egypt, Nigeria, Algeria, South Africa, Angola, Kenya, Mozambique, Mexico, Chile, Argentina, Brazil), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019– 2025” in detail along with the table of contents:
Global Home Standby Gensets Market is set to exceed USD 5 billion by 2025. Growing severity of weather-related power outages owing to deteriorating environmental conditions coupled with growing awareness toward emergency preparedness measures amongst consumers is set to drive the global home standby gensets market. Furthermore, increasing inadequacy of the existing energy grid to cater to the escalating power demand will create positive prospects toward the deployment for these units, primarily across the power deficit regions.
Europe home standby generator sets market is anticipated to grow over 5% by 2025. Rapid expansion in the residential sector owing to sizeable investments in real estate will influence the demand for these gensets. Additionally, growing focus of investors toward urban regions offering opportunities to secure new assets will further generate demand potential for these units. Moreover, growth in consumer spending and rising awareness toward emergency power backup solutions will boost the regional industry.
Rising disposable income resulting into growing residential investments is set to boost the home standby gensets market growth. Growing dependency on electricity for the operation of essential circuits, including those connected to the kitchen appliances, furnace, water heater, security system, well pump, lights, garage-door opener, etc. will continue to impact the demand for these gensets to avoid disruption in the daily activities.
Nigeria home standby generator sets market is predicted to grow over 10% by 2025. Inadequate Transmission & Distribution (T&D) network, rapid population growth and high electricity costs, are driving a robust demand for these units across the region. These gensets are being progressively deployed across households to provide and a cost-effective and a reliable back-up power source.
Major companies participating actively in the home standby gensets industry include Kohler SDMO, Generac, Briggs & Stratton, Cummins, Mahindra Powerol, Himoinsa, Kirloskar Oil Engines Limited (KOEL), Caterpillar, Eaton, Siemens and MTU Onsite amongst others.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Tuesday, 6 August 2019

Low Voltage Drives Market 2019 Regional Trend | Growth Projections to 2025

Escalating demand for optimized energy use fueled by rapid industrialization is set to expand low voltage drives market size, in conjunction with the upsurge in electricity prices and introduction of energy efficiency standards. Technological adoption across small and medium businesses coupled with rising number of retrofitting initiatives across industrial, residential and commercial establishments will boost product demand. Implementation of stringent government regulations pertaining to environmental sustainability will further stimulate the consumption of low voltage frequency drives over the projected timeframe.
Low voltage drives industry share is estimated to exhibit considerable growth owing to rising deployment of renewable power generation technologies into the grid, along with tightening regulations to ensure energy efficiency. Favorable government norms regarding the development of intra-regional and cross border transmission networks will complement the industry outlook. Moreover, modernization and refurbishing of the existing industrial equipment across developed countries will generate substantial demand for reliable low voltage infrastructure.
Asia Pacific (APAC) processed food segment has witnessed significant growth in recent years on account of rapid urbanization, rising household income levels, changing lifestyle, growing population and the expansion of multinational companies in the region. Increasing population and a subsequent rise in processed food demand globally will boost APAC low voltage drives market growth over the forecast period, as these products find wide applications in the processed food manufacturing sector. Growing dependence of people from all age groups towards processed food will push product consumption across the region.
Browse key industry insights spread across 830 pages with 1,687 market data tables & 34 figures & charts from the report, “Low Voltage Drives Market Size By Power Range (Micro, Low), By Capacity (<2.2 kW, 2.2-7.4 kW, 7.5-22 kW, 23-75 kW, 76-110 kW, 111-500 kW, >500 kW), By Drive (AC { By Efficiency [IE1, IE2, IE3, IE4,]}, DC, Servo), By Technology (Standard, Regenerative), By System (Open Loop, Closed Loop), By Application (Pump, Fan, Conveyor, Compressor, Extruder), By End Use (Oil & Gas, Power Generation, Food Processing, Automotive, Mining & Metals, Pulp & Paper, Textile, Marine) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Norway, Sweden, Poland, Netherlands, Belgium, Denmark, China, Japan, India, Australia, South Korea, Thailand, Singapore, Malaysia, Philippines, Vietnam, Indonesia, Saudi Arabia, UAE, Qatar, Jordan, Iran, South Africa, Nigeria, Egypt, Algeria), Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/low-voltage-drives-market
Over the last century, the shipping industry has witnessed considerable surge in total trade volume due to rapid industrialization. Consistent advances in technology have also transformed shipping into an extremely quick and efficient method of transportation. According to a report by the United Nations Conference on Trade and Development (UNCTAD), share of emerging economies in seaborne trade imports & exports has climbed rapidly over the past decade, touching almost 63% in 2017. Rise in seaborne trade activities across the world will generate added revenues for low voltage drives industry.
U.S. and China are two of the world’s largest electric power consumers, accounting for almost 70% of demand growth in 2018 globally. China experienced a surge in power demand by 8.5%, whereas the U.S. saw a jump of nearly 4% due to a colder-than-average winter and a hotter summer. Power demand in India increased, attributed to a majority of its rural areas being powered in the past 2 years. Low voltage drives are extensively used in the power & utility segment and the unpredictable climatic conditions, along with global rise in power demand, is anticipated to bolster low voltage drives market outlook.
Low voltage drives are extensively used as fixed speed controllers, valves and substitute for dampers on account of high reliability, enhanced energy efficiency and low maintenance costs. The U.S. low voltage drives industry is expected to expand considerably owing to shifting consumer focus toward the adoption of variable frequency systems for centrifugal and reciprocating equipment. Moreover, hiking energy prices driven by concerns over environmental impact and power availability has diverted consumer focus toward energy efficient solutions.
Key industry manufacturers in low voltage drives market comprises of Honeywell, Johnson Controls, ABB, Schneider, Siemens, CG Power, Fuji Electric, Yaskawa, WEG Electric, Hiconics, Hitachi, Danfoss, Mitsubishi, Rockwell Automation, Eaton, and Emerson.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.