Research Report News: March 2023

Thursday, March 30, 2023

Advanced Lithium-Ion Batteries Market Size, Company Revenue Share, Key Drivers, and Trend Analysis, 2030

Advanced Lithium-Ion Batteries Market Highlights

Advanced Lithium-Ion Batteries Market is expected to grow at a CAGR of 26% during the forecast period.

Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.

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In the current scenario, industries engaged in manufacturing consumer devices and automobiles require advanced lithium ion batteries for ensuring improved durability and lower cost. These new generation batteries are technically sufficient to upgrade the life span of a device. Lithium-sulfur and lithium-air batteries are some of the types of batteries that are used in various industries.

The global advanced lithium ion batteries market has been segmented based on material, component, and end-use. Based on end-use, the global market is divided into consumer electronics, automotive, industrial, and others. The consumer electronics segment is expected to hold the largest share within the global market during the forecast period. Increasing concerns regarding global warming and environmental pollution may be well served with advances in lithium-ion batteries.

Scope Of Advanced Lithium-Ion Batteries Industry Ecosystems

Market Segmentation:

Material

Anode Materials
Cathode Materials

Component

Separators
Current Collectors
Blinders
Solvents
Solid-State Electrolytes

End Use

Consumer Electronics
Automotive
Industrial
Others

By Region

North America
Asia-Pacific
Europe
Middle East & Africa
South America

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Regional Analysis:

The advanced lithium ion batteries market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America.

North America is expected to hold the largest share of the market during the forecast period. The growing automobile sector is supporting the demand for advanced lithium ion batteries in the region as these batteries can be used for a variety of applications ranging from automobiles to power sources for mobile devices and personal computers.
Europe is expected to be the second-largest market for advanced lithium ion batteries owing to the increasing deployment of advanced batteries in automobiles, especially in electric vehicles.
In Asia-Pacific, countries such as China and India are significantly focusing on the automotive sector, which is expected to be one of the major end-users of advanced lithium-ion batteries in the upcoming years. The increasing number of electric vehicles is expected to offer a massive impetus for the advanced lithium-ion batteries market growth.
In the Middle East & Africa and South America, industries and automotive sectors are expected to invest in adopting advanced lithium-ion batteries to attain more efficiency.

Key Players

The key players operating in the global advanced lithium ion batteries market SiNode Systems, Broadbit Batteries, Unienergy Technology, NGK, 24M, Johnson Battery Technology, Nano Nouvelle, US Army Research Lab, Voltaiq, PARC, Energous and Tanktwo.

Technological Innovations and Product Development to Fuel Electronic Load Market

Electronic Load Market Highlights

Electronic Load Market size is projected to reach USD 6395.20 Million, with 6.8% CAGR between 2022 and 2030. Electronic load devices are devices that consume electrical energy in the form of current and converts it into heat and light.

In 2019, North America dominated the electronic load market in terms of share: MRFR

Global Electronic Load Market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. North America is expected to hold the largest share of the electronic load market during the forecast period. The demand for electronic load devices in this region is growing primarily due to aerospace, defence, government services, and automotive applications.

Device manufacturers use electronic loads to test various power devices in the US, making it one of the potential markets for electronic loads. In Asia-Pacific, China held the largest market share in 2019 due to extensive government support and increasing investment in the power industry. In Europe, Germany held the largest market share in 2018 and is expected to grow at the fastest rate during the forecast period, primarily due to the increase in spending in the aerospace & defence industry. In the Middle East & Africa, the UAE is expected to be one of the leading markets for electronic load devices.

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The global electronic load market has been segmented based on voltage, application, and current type. Based on voltage, the global market is divided into low and high. The low voltage segment is expected to hold the larger share of the global market and grow at the faster rate during the study period. Based on application, the global market is segmented into aerospace, defence, and government services, automotive, energy, wireless communication and infrastructure, and others.

The automotive segment is projected to grow at the fastest rate during the forecast period due to the increase in the development of electric and autonomous vehicles. Based on the current type, the global electronic load market has been divided into AC and DC. The DC segment is expected to hold a larger share within the global electronic load market.

Scope of the Report

This report provides an in-depth analysis of the global electronic load market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global electronic load market by voltage, application, current type, and region.

Voltage

Low
High

Application

Aerospace, defence & government services
Automotive
Energy
Wireless communication and infrastructure
Others

Current type

By Region

North America
Asia-Pacific
Europe
Middle East & Africa
South America

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Key Players

The Key Players operating in the Global Electronic Load Market are Teledyne Technologies (US), Keysight Technologies (US), Ametek (US), National Instruments (US), Chroma ATE (Taiwan), B&K Precision Corporation (US), Tektronix (US), Good Will Instrument Co., Ltd. (Taiwan), NFcorp (Japan), Kikusui Electronics Corporation (Japan), Hocherl & Hackl GmbH (Germany), Matsusada Precision (Japan), Magna-Power Electronics (US), Beich Electronics (China) and Itech Electronic Co. Ltd. (Taiwan).

Investment Opportunities and Future Prospects in the CNG Compressor Market

CNG Compressor Market Scope:

CNG Compressor Market share is expected to surpass USD 5,072.6 Million by 2030, with a 5% CAGR during the forecast period, 2022-2030.

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However, experts remain hopeful as the CNG compressor market is set to perform decently in the coming years despite of the prevalent crisis worldwide. The mounting number of vehicles using CNG and the widespread demand for CNG transportation via pipelines is one of the chief growth inducers in the global market. The CNG compressor market also benefits from the increasing awareness regarding the multifold advantages of CNG’s use in fueling applications, including provision of cleaner combustion compared to diesel or petrol and its extraction at lower rates.

Apart from the OEMs like Ford, GM, Volvo, Fiat and Audi that offer light, medium, as well as heavy vehicles, the renowned players across the automotive industry such as Ford and GM also offer their customers with natural gas conversion systems that are easily installable without the voiding of the warranty. Apart from this, governments across the globe are pushing commercial fleet operators to extensively use natural gas vehicles to carry out a variety of operations. For instance, the government in China has carried out several initiatives that help promote and boost green transportation across 100 cities, which helps drive the demand for CNG and ultimately, for CNG compressors.

Market Segmentation

The CNG compressor industry has been considered for technology as well as application.

The types of technology included in the market review are positive displacement and dynamic.

The applications-dependent market segmentation comprises residential, transportation and industrial. The transportation sector can lead the CNG compressors market in the near future, and remain the top revenue generator throughout the appraisal timeline because of the rampant demand for fleet vehicles that run on CNG.

Regional Study

The regional study of the CNG compressor market comprises North America, Europe, Asia Pacific or APAC, and Rest of the World or RoW.

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Top Market Contenders

Top market contenders listed in the report are Atlas Copco (Sweden), Ariel Corporation (U.S.), Elliott Company (U.S.), Associated Compressor Engineers (U.K), C&B Pumps and Compressors, LLC. (U.S.), Gas Compressor Consultants Inc (U.S.), Bauer Compressors Inc. (U.S.), C&B Pumps and Compressors, CIMC Enric (China), GE Oil & Gas (U.S.), Kobelco Compressors America, Inc. (U.S.), J-W Energy Company (U.S.), P C Mc Kenzie C (U.S.), to mention a few.

Table Of Contents

1 Executive Summary

2 Market Introduction

3 Research Methodology

4 Market Landscape

5 Market Dynamics

North America and Europe to Remain Key Regions for Power Quality Equipment Market

Power Quality Equipment Market Scenario

It is estimated that by the year 2025 the Power Quality Equipment Market would reach USD 44.37 billion, growing at a CAGR of 6.26% over the forecast period of 2022 to 2030.

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Continuous upgrading of aging grid infrastructure and rapid urbanization and industrialization would create opportunities for growth in the global market for power quality equipment. This is because industrialization leads to an increase in demand in various utilities for power quality equipment to ensure regular, uninterrupted power supply.

Telecommunications companies take advantage of the sectoral boom and are re-imagining their core business systems to offer customers innovative offers. Mass digitisation in the telecommunications industry is emerging as an imperative for top success, and the new technological advances are being leveraged by telecom operators to come up with value added offers in a bid to expand their customer base and augment their market share. The high investment cost for installing power quality equipment, however, and lack of market awareness would impede market growth.

Segmental Assessment

The global market for power-quality equipment was segmented based on product , process, end-user, and region.

The global market was segmented on the basis of equipment into uninterruptable power supply, static var compensator, power quality meters and others. Projected to dominate the market is the uninterruptible power supply segment. The the need for primary security of critical equipment from tension disruption is driving the market for continuous power supply.

The global market for power quality equipment was divided into single-phase and three-phase equipment, based on phase. The market is expected to dominate the segment in three phases. This is because it is used to accommodate higher loads in commercial and industrial facilities, and delivers power at a steady & constant rate.

The global market, based on end-users, is segmented into industrial & manufacturing, commercial , residential, transport, and utilities. In the forecast period the commercial segment is expected to rise at the fastest pace. The initiative Industry 4.0 applies to vehicles and electrical machinery to facilitate remote diagnosis, remote maintenance and remote data capture. Such initiatives have made data centers, servers and communication systems more necessary. With the growing use of electronic equipment there has been an rising demand for safety systems for these essential equipment. This drives the market for quality power equipment in the commercial segment.

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Regional Overview

The global demand for power quality equipment was segmented by area into Asia-Pacific, North America, Europe , the Middle East & Africa , and South America.

Over the forecast period North America is expected to dominate the market for power quality equipment. The Region has a very old infrastructure for transmission and distribution, which creates a need for installing power quality equipment. The region 's government focuses mainly on upgrading the system to address the power loss problem during transmission and distribution.

During the forecast era, Asia Pacific is projected to account for large share of the demand for power quality equipment. The global market for power quality equipment is driven by increased requirements for electronic device protection systems, uniform power quality and continuous supply, and global quality standardization in power quality measurements.

Key Players

The key players operating in the global power quality equipment market are General Electric Company (US), ABB, Ltd. (Switzerland), Schneider Electric (France), Emerson Electric Company (US), Siemens AG (Germany), Eaton Corporation, Plc (Ireland), MTE Corporation (US), Smiths Group plc. (UK), Active Power, Inc. (US), and Toshiba Corporation (Japan).

Competitive Landscape Analysis: Key Players Emphasize Innovation and Strategic Partnerships

Industrial Air Compressor Market Analysis

Market Research Future (MRFR) projects the global Industrial Air Compressor Market to reach USD 63.9 Billion by 2030 at a CAGR of 7.02% from 2022 to 2030 (forecast period).

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Industrial Air Compressor Market Segmentation

The global industrial air compressor market has been divided based on the seal, pressure, type, and end-user.

Based on the seal, the global industrial air compressor market has been divided based on the seal into oil-free seal and oil-lubricated seal.

Based on the pressure, the global industrial air compressor market has been divided based on the pressure into up to 20 bar, 20 – 100 bar, and above 100 bar.

Based on the type, the global industrial air compressor market has been divided based on the type into the dynamic type and positive displacement.

Based on the end-users, the global industrial air compressor market has been divided into the manufacturing industry, chemicals, and petrochemical industry, oil and gas industry, and many others.

Regional Analysis

APAC to Rule the Global Market

The Asia Pacific region has the biggest market share due to the increasing growth of liquefaction and regasification combined with industrialization, particularly in China, and the Asia Pacific region dominates the global market.

Multiple Factors to Augment Market Growth

The need for industrial air compressors is expanding in the global market as a result of rising energy consumption, development of liquefaction facilities, and rising demand for energy-efficient compressors all over the world. The usage of compressed air in material handling, machine tools, separation equipment, spray painting, and other applications to ensure ease and safety drives market demand. Furthermore, the demand for the industrial air compressor global market is fast expanding in the global industry, providing numerous potential prospects during the forecast period. The market's use in high-explosive and fire-hazard zones gives a variety of potential prospects. Furthermore, technological advancements, combined with a growing emphasis on energy conservation, give market growth potential.

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Industrial Air Compressor Market Key Players

Atlas Copco (Sweden), Danfoss (Denmark), Ingersoll-Rand plc (Ireland), GE Oil & Gas (US), Hitachi Ltd (Japan), Sullair LLC (US), Gardner Denver (US), Elloitt Group Ltd. (US), Kirloskar Pneumatics Co. Ltd. (India), Sulzer AG (Switzerland), Kobe Steel Ltd. (Japan), Howden Group Ltd. (UK), and Mitsubishi Heavy Industries, Ltd. (Japan).

Challenges and Risks in Oil and Gas Pipeline Projects

Oil and Gas Pipeline Market Overview:

Oil and Gas Pipeline Market is projected to register a CAGR of 5.40% during the forecast period (2022 - 2030).

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Global O&G Pipeline Market - Segmentation

The O&G pipeline market forecast is segmented into types, applications, sectors, and regions. The type segment is sub-segmented into crude oil and natural gas. The application segment is sub-segmented into offshore and onshore. Of these, the offshore segment accounts for the largest share, witnessing developments in offshore oilfields. The sector segment is sub-segmented into upstream, midstream, and downstream. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the rest-of-the-world.

Global Oil and Gas Pipeline Market - Regional Analysis

North America leads the global oil and gas pipeline market. The region accounts for the largest producers and consumers of oil & gas, hosting the increasing numbers of O&G pipelines than other regions. Besides, the largest market share attributes to high usages of natural gas and increased investments.

The rise in renewable energy installations reported by International Renewable Energy Agency (IRENA) contributes to the regional market growth. Moreover, increased government regulations for pipeline assessment and increased focus on remote management of O&G pipelines for process optimization and automation drive the regional market growth.

The oil and gas pipeline market in Europe stands second globally. Market growth is fostered by the strong presence of notable players integrating robotics in OnG oilfields. Moreover, increasing drilling activities increase the uptake of pipelines in the oilfields. Additionally, the increasing demand for fossil fuels in the region substantiates market growth.

The Asia Pacific oil and gas pipeline market is growing rapidly. Factors such as the burgeoning O&G sector and R&D increasing investments due to rapid economic growth substantiate the market growth in the region. Rapidly developing APAC countries, such as India and China, account for sizable shares in the regional market heading with the improving drilling technologies and robotics in oilfields.

Global Oil and Gas Pipeline Market - Competitive Analysis

Highly competitive, the O&G pipeline market appears fragmented, with several well-established players forming a competitive landscape. Mergers & acquisitions, expansion, collaboration, and product/ technology launch are key strategic initiatives of these players to gain a larger competitive advantage. They also focus on product development and geographical expansion.

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Industry/ Innovation/ Related News

May 17, 2021 ----- The Oman government announced plans to extend its gas pipeline network to Iran and Yemen. Oman would like to revive plans to import Iranian gas via pipeline and consider extending its pipeline network to Yemen. There are many opportunities to make good use of that project from Oman's point of view.

Major Players:

Players leading the global oil and gas pipeline market include China National Petroleum Corporation, Gazprom, Chevron Corporation, Tenaris S.A., ConocoPhillips, TMK, National Oilwell Varco, General Electric, Maharashtra Seamless Ltd, Saipem S.p.A, TechnipFMC, Subsea 7 S.A, EVRAZ North America, Chelpipe, Welspun Corp Ltd., Europipe, Royal Dutch Shell p.l.c., and Eni S.p.A.

Asia Pacific Emerges as Lucrative Market for Air Operated Double Diaphragm Pumps Manufacturers

Air Operated Double Diaphragm Pumps Market Overview

The research provides an overview of the Air Operated Double Diaphragm Pumps Market niche, including the application, industrial framework, market scope definition, and classifications. It includes a thorough examination of recent market trends as well as market dynamics. The report's goal is to provide a complete market overview that includes each participant. The current and historical status of the AIR OPERATED DOUBLE DIAPHRAGM PUMPS market, as well as market trends and predicted market size have been emphasized, coupled with complicated data analysis written in simple language. The report also illuminates every industry component, as well as a complete analysis of leading players, which includes followers, global market leaders, and new entrants.

Scope Of Air Operated Double Diaphragm Pumps Industry Ecosystems:

Revenue Growth Rate (CAGR) by 2030	5.3%
Market Growth Forecast	2023 - 2030
Emerging Market Segments	by Valve(Ball Valve, and Flap Valve), Material(Aluminum, Cast Iron, Stainless Steel, and Others), Pressure (Up to 5 Bar, 5 Bar–10 Bar and Above 10 Bar), Size (Up to 1”, 1” to 2”, and Above 2”),Industry (Chemical, Water & Wastewater, Oil & Gas, Pharmaceutical, Marine, Paper & Pulp, Food & Beverage, Electronics, and Others)
Market Survey Data	Recession Impact, Pricing Analysis, Patent Analysis, Value Chain Analysis, Policy and Regulations, Disruptions And Trends, Supply And Demand Trends, International Competition and others.
Market Opportunity & Predictions in	Asia Pacific
Product Mapping by Regions	Rest of America, US, Canada, Mexico, Brazil, Argentina, Germany, UK, Russia, Italy, Rest Of Europe, China, Japan, India, South Korea, Rest Of Asia-Pacific, Saudi Arabia, UAE, Iran, Qatar, Rest Of The Middle East, South Africa, Nigeria, Rest Of Africa, ROW

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AIR OPERATED DOUBLE DIAPHRAGM PUMPS Market Outlook By Segmentation

By Valve

Ball Valve

Flap Valve

By Material

Aluminum

Cast Iron

Stainless Steel

Others

By Pressure

Up to 5 Bar

5 Bar–10 Bar

Above 10 Bar

By Size

Up to 1”

1” to 2”

Above 2”

By Industry

Chemical

Water & Wastewater

Oil & Gas

Pharmaceutical

Marine

Paper & Pulp

Food & Beverage

Electronics

Others

AIR OPERATED DOUBLE DIAPHRAGM PUMPS Industry Regional Insights

Geographically, the global market opportunity has been divided into the following regions: Latin America, Europe, Asia Pacific (APAC), the Middle East and Africa, and North America. To develop the report, extensive research was conducted, followed by Countries detailed study. Several elements, including technological, micro-economic, environmental, and social status, have been considered. The report focuses on a comprehensive examination of AIR OPERATED DOUBLE DIAPHRAGM PUMPS leading manufacturers, key influencing factors, and the estimated revenue and output of each area.

Comprehensive Analysis on Key Players of AIR OPERATED DOUBLE DIAPHRAGM PUMPS Market

The AIR OPERATED DOUBLE DIAPHRAGM PUMPS market research concludes with a comprehensive competitive landscape covering market global performance as well as market share to shed light on the top contenders listed in the market as well as the various strategies employed by these players to remain at the forefront.

Major global Market Companies Listed Below:

Depa (Germany), PSG Dover group (US), IDEX Corporation (US), Graco Inc. (US), TapFlo (Sweden), Murzan (US), Debem (Italy), Verder International BV (Netherlands), Aro Inc. (US), DellMeco (Germany) and Yamada (US).

Method of Research

This double diaphragm air pump business report was created using a variety of sources, both primary and secondary. This market study was created using the Porter's Five Forces model, as well as bottom-up, top-down, and SWOT analysis. External and internal elements that may have a detrimental or positive impact on the firm have been examined, shedding insight on the AIR OPERATED DOUBLE DIAPHRAGM PUMPS market future outlook, particularly for decision-makers. Bottom-up approaches aid in counter-validating market estimates, whilst top-down methodologies aid in determining precise market statistics for each product. The business profiles of the prominent players have been highlighted using numerous research approaches such as shares, splits, and breakdowns, among others, to provide precise market size assessment. Every potential market parameter has been thoroughly covered, minutely confirmed, and thoroughly investigated with the use of primary research and evaluated to present the ultimate quantitative and qualitative data. This is reinforced once more with a full overview. In addition, contributions have been emphasized.

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Some of the Key Evaluation Pointers of Air Operated Double Diaphragm Pumps Market Report Data 2023:

Emerging Markets
Developed Markets
Market Growth Forecast
Market Entry Strategies
Emerging Markets Outlook
Market Survey Data
Vendor Share Research
Global Vendor Strategies
Vendor Assessment
Market Share By Company
Country-wise business Footprint
Market Regional Statistics
Market Share Data
Market Share By Region
Market Regional Expansion
Market Regional Assessment
Export, Import Data, And Market Share
Volume/Value, Future Growth Potential
Long Term (~10 Years) Price Outlook
Future Business Outlook and many more.

Growing Popularity of IoT-Enabled Devices Drives Demand for Smart Meters

Smart Meters Market Overview:

Smart Meters Market is projected to be worth USD 39,442.3 Million by 2030, registering a CAGR of 8.2% during the forecast period (2022 - 2030).

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Increasing Government Investments to Boost Market Growth

The increasing government investments for supporting smart meter installation in end use sectors like commercial, residential, and industrial are likely to boost the smart meters market revenue over the forecast period.

Opportunities

Communication Network Infrastructure Development to offer Robust Opportunities

The continuous and ongoing communication network infrastructure development contributes towards the manufacturing of advanced and innovative level of smart meters. Besides, the availability of network infrastructure like 4G, 5G, radio frequency, and others propels the development of smart meters. Manufacturers are constantly engaged in the production of advanced level of smart meters as per the growing network infrastructure which is likely to offer robust market opportunities in the forecast period.

Restraints

High Installation & Maintenance Cost to act as Market Restraint

The high installation & maintenance cost of smart meters is likely to act as key market restraints over the forecast period. Besides, the device’s compatibility issue is another cause of restraint that may impede market growth.

Challenges

Lack of Awareness to act as Key Market Challenge

The absence of awareness regarding the benefits of smart meters coupled with demand for mobilization may act as a key market challenge over the forecast period.

Market Segmentation

By Type

By type, the water meters segment will lead the market over the forecast period for the increasing demand to monitor and optimize water consumption, increase need for accurate billing, increase in investment interest in digitalization of electrical systems, efforts to expand grid infrastructures, and increasing demand for electricity from residential and commercial sectors.

By Technology

By technology, the automatic metering infrastructure segment will dominate the market over the forecast period as this is the most rapidly rising technology.

By Application

By application, the residential segment will spearhead the market over the forecast period for increasing power consumption, economic and technological advances, and growing government support for mandatory smart meter rollout projects.

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Regional Analysis

APAC to Have Lions Share in Smart Meters Market

The Asia Pacific region will have the lions share in the market over the forecast period. Growing demand in economically powerful countries like Thailand and India, increasing adoption in China, growing emphasis to reduce carbon emissions from utility operations, effective integration of DER like wind and solar power for improved power sector operations, the high adoption of smart technology in power grid infrastructure, increasing challenges like aging T&D infrastructure, growing smart city projects in Thailand, India, and China, the growing need for energy owing to improvements in lifestyles and escalating population level, and increase in investment in T&D are adding to the global smart meters market growth in the region. The region will grow at a 9.91% CAGR.

Key Players

Eminent players profiled in the global smart meters industry report include Siemens AG. (Germany), Landis+Gyr (Switzerland), Schneider Electric (France), Aclara Technologies LLC (U.S.), Zenner (Germany), Xylem, Inc. (U.S.), Honeywell International Inc. (U.S.). Itron Inc. (U.S.), EDMI (Singapore), Apator Group (Poland), Badger Meter, Inc. (U.S.), DIEHL Metering (Germany), and Kamstrup A/S (Denmark) among others.

Competitive Landscape Analysis of the Cryogenic Equipment Market Players

Cryogenic Equipment Market Analysis:

Cryogenic Equipment Market is projected to be worth USD 37.18 billion by 2030, registering a CAGR of 7.29% during the forecast period (2022 - 2030).

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Segmentation:

The global cryogenic equipment market is segmented on the basis of product type, cryogen type, end use, and region.

By product type, the global cryogenic equipment market is segmented into valves, tanks, vaporizers, pumps, and others.
By cryogen type, the global cryogenic equipment market is segmented into oxygen, nitrogen, LNG, argon, and others.
By end use, the global cryogenic equipment market is segmented into energy and power, chemical, electronics, shipping, metallurgical, and others.

Regional Analysis:

Asia Pacific is likely to emerge as an important regional market for cryogenic equipment over the forecast period due to the growing oil and gas industry in the region.

The global cryogenic equipment market is projected to grow at a significant growth rate during the forecast period owing to the increase in demand for cryogenic equipment across multiple end-use industries such as power generation, healthcare, electronics, and others. Increasing LNG production and demand for medical gases in the healthcare sector would give impetus to the use of cryogenic equipment. The growth in the demand for medical gases for diagnosis and treatment of various respiratory diseases such as asthma, cardiovascular, and others could lead to the demand for medical gases, which is likely to boost the cryogenic equipment market.

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Competitive Leaderboard:

Leading players in the global cryogenic equipment market include Beijing Tianhai Industry Co. Ltd., Cryofab Inc., Emerson, Graham Partners, Herose GmbH, Linde Group AG, VRV SpA, Air Liquide, Chart Industries Inc., Cryoquip LLC, Flowserve Corporation, Parker Hannifin, and INOX India Ltd.

Oil and Gas Industry to Offer Lucrative Opportunities for Submersible Pump Manufacturers

Submersible Pumps Market Overview:

Submersible Pumps Market is projected to be worth USD 24.80 billion by 2030, registering a CAGR of 7.22% during the forecast period (2022 - 2030), as per the findings of Market Research Future (MRFR). The anti-corrosive and anti-resistant nature of submersible pumps can be used in handling foreign liquids and solids. Its reliable nature and ability to function in harsh environments can drive the market demand over the forecast period.

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Market Scope

Rise in mining and renewal of licenses in certain regions can drive the market demand significantly. Reliance on rare earth metals such as cerium, neodymium, and lanthanum and coal by consumer electronic manufacturers can compel its demand by mining companies to ensure a steady supply of raw materials. Advantages over jet pumps and efficiency of submersible pumps in extracting fluids from cavities can favor the market till 2023.

Segmentation

By well type, the market is segmented into open well and bore well. The bore well segment is expected to gain a large share of the market till the end of the assessment period.
By operation, the market is segmented into single-stage and multi-stage. Multi-stage operations are likely to dominate the market in the coming years owing to heavy demand for rare elements.
By power rating, the submersible pumps market is segmented into low power, medium power, and high power. The high power segment is expected to lead in the market till the end of the forecast period.
By end use, the market is segmented into water and wastewater, agriculture and irrigation, construction, mining, oil and gas, and others. The oil and gas sector is expected to gain a major market share owing to submersible pumps being effective in lifting large volumes of fluids from wells. In addition, the ability of the pumps to work quietly in an environment can lead to heavy demand from the market.

Regional Analysis

By region, the global submersible pumps market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

APAC is likely to be the leading contributor to the global submersible pumps market over the forecast period due to the growing offshore exploration and production activities. The growing water and wastewater treatment industry in the region and efforts to reduce pollution levels of the water in rivers are likely to drive market demand. The region accounted for 42% market share in 2017.

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Competitive Outlook

Flowserve Corporation, The Gorman-Rupp Company, Sulzer Ltd., EBARA CORPORATION, The Weir Group PLC, Grundfos, Tsurumi Manufacturing Co. Ltd., Xylem, KSB Group, and Atlas Copco AB are key players of the global submersible pumps market.

Recently, Upwing Energy and Mitsubishi Heavy Industries were awarded by DeepStar, an offshore research and development group, for conducting a successful trial of an electric submersible pump. This can be used in subsea and deepwater offshore applications. The magnetic drive system integrated in its design can improve production and lower expenses considerably.

Asia Pacific to Dominate the Vacuum Circuit Breaker Market with High Demand from Emerging Economies

Vacuum Circuit Breaker Market Overview:

Vacuum Circuit Breaker Market is expected to reach valuation of USD 7,550.0 Million with 6% CAGR during the forecast period 2022-2030.

The mounting automation levels are estimated to bolster the vacuum circuit breakers market 2020. The power generation, transmission and distribution reports are produced by Market Research Future, which contains market alternatives for progress.

The soaring development due to the devolution of the power sector and augmented demand for electricity is estimated to create opportunities for the vacuum circuit breakers market. The emphasis on achieving a dependable, competent infrastructure and equipment is estimated to guide the course of development undertaken by the market.

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Segmental Analysis

The segmental insight into the vacuum circuit breakers market has been conducted on the basis of end-user, voltage rating, type, and region.

On the basis of type, the vacuum circuit breakers market is segmented into the outdoor vacuum circuit breaker and indoor vacuum circuit breaker.
On the basis of end-use, the vacuum circuit breakers market are classified as building & construction, chemicals & petrochemicals, energy utilities, foods & beverages, metal & mining, and others.
Based on the voltages, the vacuum circuit breakers market are medium and high.
On the basis of regions, the vacuum circuit breakers market is segmented into North America, Europe, Asia Pacific and other regions.

Detailed Regional Analysis

The regional appraisal of the vacuum circuit breaker market consists of North America, Europe, Asia Pacific and other regions.

The Asia Pacific region is controlling the majority market portion in vacuum circuit breakers. The mounting nations such as South Korea, China, India, and Japan are the fastest mounting countries in the region and require more power every year. The intensifying electricity production from irregular sources from renewable sources sustaining the grid, the occasions for smart grids expansion are enormous at supply and transmission level. This is motivating the vacuum circuit breaker market in the region.

The European region is expected to trail the vacuum circuit breaker market share because of the collective renewable energy demand from the region and intensifying demand for linking renewable energy competently to the smart grids. In the year 2017, the nation of Germany was responsible for the principal wind power fixed capacity in the European region.

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Competitive Analysis

The significant contenders in the vacuum circuit breakers market are ABB Ltd. (Switzerland), Xian XD (China), Hyosung (China), Alstom SA (France), Siemens AG (Germany), Mitsubishi Electric Corporation (Japan), Toshiba (Japan), Eaton (Ireland), Larsen & Turbo (India), Hyundai Heavy Industries (South Korea), Bharat Heavy Electric Ltd. (India), Schneider Electric SE (France), Hitachi (Japan), Fuji Electric (Japan), Nissin Electric (Japan), and Meidensha (Japan) are among others.

Grid Optimization and Demand Response Management Driving Virtual Power Plant Market Growth

Virtual Power Plant Market Analysis

Virtual Power Plant Market is expecting total revenue of USD 1.5 billion by 2030, with a high CAGR of approximately 29.6% by the end of 2030.

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Drivers –

Growing demand for power through a reliable power source

Opportunities

Growing government mandates and initiatives for customer engagement, and incentives programs.

Key Companies Profiled

ABB Ltd. (Switzerland)
Autogrid Systems, Inc. (U.S.)
Blue Pillar, Inc. (U.S.)
Cisco Systems, Inc. (U.S.)
Comverge (U.S.)
Cpower Energy Management (U.S.)
Enbala Power Networks, Inc. (Canada)
Enernoc, Inc. (U.S.)
Flexitricity Limited (U.K.)
General Electric Company (U.S.)
Hitachi, Ltd. (Japan)
International Business Machines Corporation (U.S.)
Robert Bosch GmbH (Germany)
Schneider Electric SE (France)
Siemens AG (Germany)

Market Segmentation

The global virtual power plant market is bifurcated based on end user and technology.

By technology, the demand response segment will lead the market over the forecast period.
By end user, the residential segment will dominate the market over the forecast period.

Regional Analysis

North America to Hold Lions Share in Virtual Power Plant Market

North America will hold the lions share in the virtual power plant market over the forecast period. Increasing adoption of such solutions in commercial and industrial sectors, the presence of strict government regulations about greenhouse gas emissions, the growing popularity of green energy, increasing investments by key players, and technological advances are adding to the global virtual power plant market growth in the region.

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The global virtual power plant market is both fragmented and also competitive due to the presence of several international as well as domestic industry players. These players have utilized innumerable innovative strategies for staying at the vanguard and also sufficing to the surging need of the customers including contracts, partnerships, collaborations, contracts, new product launches, joint ventures, geographic expansions, and more. Further, they are also investing in numerous research and development activities.

Hydrogen Energy Storage Emerges as a Key Solution for Renewable Energy Integration

Hydrogen Energy Storage Market Overview:

Hydrogen Energy Storage Market share is projected to be worth USD 27.18 billion, registering a CAGR of 8.50% during the forecast period (2023 - 2030).

Additionally, the penetration of light-duty vehicles and increasing product development boost the growth of the market. The rising applications of hydrogen storages in material-handling equipment and portable power banks influence market growth. Moreover, growing R&D investments and the development of fuel cell technology increase the market size, presenting the opportunity for industry expansion.

The market proliferation of hydrogen fuel-powered vehicles due to their zero-emission quality accelerates the development of the market. Government initiatives to promote clean energy and the rising focus on hydrogen fuel cell technology push the growth of the market. Substantial investments in developing green energy sources create vast market demand. Various countries and government have reformed their energy policy to fulfill the growing demand for power due to the ever-increasing population.

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Global Hydrogen Energy Storage Market - Segments

The report is segmented into three dynamics;

By Technology : Liquid Hydrogen, Metal Hydrides, Carbon Absorption, Underground Salt Caverns, and others.

By End-User : Power Generation, Transportation, Chemicals, Metal Working, and others.

By Regions : North America, Europe, APAC, and Rest-of-the-World.

Hydrogen Energy Storage Market - Geographical Analysis

North America dominates the global hydrogen energy storage market. The largest market share attributes to the presence of notable industry players in the region. Besides, well-established infrastructure in the region supports the development and faster implementation of advanced storage technologies. Moreover, increased renewable energy activities drive market growth, meeting the energy demand in the region. The North American hydrogen energy storage market is projected to retain its dominance throughout the estimated period.

The Asia Pacific region stands second in the global hydrogen energy storage market. The market growth is fostered by the growing population and rising disposable income of demographics. Additionally, the increasing demand to reduce carbon emissions pushes the regional market growth, encouraging the usages of renewables to efficiently meet electricity needs.

Government initiatives to control the rising carbon footprints due to fossil fuel energy sources boost the growth of the regional market. Rapidly growing economies, such as India, China, Japan, and South Korea, account for leading shares in the regional market. The Asia Pacific hydrogen energy storage market is expected to create a substantial revenue pocket during the forecast period.

Europe owns a sizable share in the global hydrogen energy storage market. The European Strategic Energy Technology (SET) Plan influences the market growth, denoting hydrogen technologies crucial for meeting the integrated European energy and climate policy goals for 2020 and beyond. The EU2020 is a strategy proposed by the European SET to improve the infrastructure and decrease the fuel cell cost. The European hydrogen energy storage market is anticipated to grow at an impressive CAGR during the forecast period.

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Hydrogen Energy Storage Market – Competitive Landscape

Highly competitive, the global hydrogen Energy Storage market appears fragmented due to the presence of several well-established players. To gain a larger competitive share in the market, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and technology launch. Some other strategies adopted by these market players include greater commercialization of their products and promotion initiatives through trade exhibitions. Manufacturers strive to improve the performance and design of their cells.

Major Players

Players leading the global hydrogen energy storage market include Hbank Technologies Inc., VRV S.P.A, Inoxcva, Luxfer Holdings PLC, Mcphy Energy S.A, Worthington Industries Inc., Linde AG., Praxair Inc, and Air Liquide, among others.

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