Energy

Oil Spill Management Market Product Estimates, Chain Value Analysis and Industry Demand Forecast To 2025

8 July 2019: The global Oil Spill Management Market is expected to cross a higher CAGR during the forecast period. Oil spill waste management results in generation and collection of huge quantities of oily waste. Gravel, emulsified oil, oiled sand, and accumulated debris could raise the waste volume to a greater extent of oil split originally. This waste typically surpasses the management of oily waste and response-relevant wastes can turn more time demanding and incur significant costs of an oil spill. Management of waste from a spill comprises setting up of logistical arrangement to allocate waste in a safe and efficient manner from the recovery point to disposal.

Oil Spill Management

Market driving factors for oil spill management industry include rise in oil & gas transportation coupled with stringent policies of government pertaining to safety. Rise in huge investments for R&D positively is likely to impact the market development in the near future. In addition, strategic alliances for expansion could also result in market growth for the estimated period.

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Technological segment for oil spill management market includes pre-oil spill and post-oil spill. Pre-oil spill and post-oil spill are further segmented into offshore and onshore. By response technique, the oil spill management industry includes chemical recovery, biological recovery and mechanical containment & recovery.

Geographical segment for oil spill management market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American market is expected to dominate the market in the forecast period owing to stringent policies and regulatory framework by government. Asia-Pacific’s market is anticipated to rise at a significant CAGR owing to increased oil and gas exploration activities and government support for tax benefits and financial assistance for R&D activities.

The key players in the oil spill management market include Skim Oil Inc, OMI Environmental Solutions, American Green Ventures Inc, Spill Response Services, Oil Spill Response Limited, Osprey Spill Control and Fender.

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Market Segment:

Technology Outlook (Revenue, USD Million, 2014 – 2025)
• Pre-oil spill
• Double-hull
• Pipeline leak detection
• Blow-out preventers
• Others
• Post-oil spill
• Mechanical
• Chemical
• Biological
• Others

Application Outlook (Revenue, USD Million, 2014 – 2025)
• Pre-oil spill
• Onshore
• Offshore
• Post-oil spill
• Onshore
• Offshore

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Energy

Artificial Lift Systems Market Research Till 2025: Scope, Applications and Market Region

4 July 2019: The global Artificial Lift Systems Market is expected to gain a moderate growth during the forecast period. Artificial lift systems are used to enhance fluid production and transportation from the reservoir to the endpoint. Based on the nature of use, the artificial lift systems are categorized on their operating principle, energy source and design. The primary aim of artificial lift systems is to lessen the weight of hydrostatic column by reducing the density of fluid column resulting into overall lessening of drawdown on reservoir ultimately, so that the formation can exhibit desired reservoir fluid.

Artificial Lift Systems

Artificial lift systems industry is driven by factors such as rising production of shale gas and oil production and increase in oil reserves and oil production capacities all across the globe. However, the market is less efficient in terms of investments since it lacks ease of technology, yet strategic alliances enable the mitigation of risk factors based on market predictor variables. Type segment for artificial lift systems market include rod lift, electrical submersible pumps, progressive cavity pumps and gas lift.

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By mechanism, the artificial lift systems industry is segmented as pump assisted and gas assisted. Application segment for the market include offshore and onshore. Onshore segment accounts for a greater CAGR during the forecast period. Factors such as rise in demand for artificial lift systems and increase in manufacture of innovative products.

Component segment for artificial lift systems market includes sucker rod, pump jack, cable and separator, controller and gas mandrels. Pump jack accounts for a larger market segment owing to rise in deployment in manufacture and construction sector across the globe.

Geographical segmentation for artificial lift systems industry includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America artificial lift systems market account for a significant share in the global market. Rise in use of rod installed enables a sustainable use in the industry allows the market to expand further.

Market developments in APAC and MEA sector display similar trends due to factors like rise in offshore & onshore oil production and improved conditions for requirements in saturated fields. Rise in subsea and coal-mining operations are expected to bolster the APAC market growth. The key players in the artificial lift system industry include Weatherford International plc, General Electric Company, Baker Hughes Inc and Halliburton Company.

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Market Segment:

Artificial Lift Product Outlook (Revenue, USD Million; 2014 – 2025)
• Rod Lifts
• Electrical Submersible Pumps
• Progressive Cavity Pumps
• Gas Lift
• Hydraulic Pumps
• Others

Artificial Lift Regional Outlook (Revenue, USD Million; 2014 – 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Russia
• Norway
• Asia Pacific
• China
• India
• Japan
• Indonesia
• Malaysia
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• UAE
• Kuwait
• Iran

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Energy

Microgrid Market Research Report 2014-2025: Size, Market Share, Market Trends and Industry Forecast

26 June 2019: Global Microgrid Market is anticipated to reach USD 17.51 billion by 2025. The Microgrid is a combination of generation, distribution, transmission, and electricity and used on a small scale as compared to the conventional Microgrid. Microgrids produce power, and in doing so, decrease necessity of long distance transmission lines and cut transmission damages.

Microgrid

The factors that propel the growth of the microgrid industry include increasing demand for reliable and secure power supply worldwide, government initiatives to reduce carbon footprint, and the compensations of clean and cheap energy storage. On the other hand, there are factors that may hamper the growth of the market including massive investment essential for integrating existing systems with microgrid, high primary cost of installation, solar PV installation in rural areas, and technical barriers. Microgrid Market is anticipated to grow at a significant CAGR of 17.0% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Microgrid industry may be explored by type, offering, consumption pattern, verticals, and geography. The market may be explored by type as Remote/Island/Off-Grid, and Grid Connected. The “Remote/Island-Grid” segment led the market in 2018 and is anticipated to maintain its dominance by 2025 due to forthcoming installation of new schemes in Russia, and Arctic circle.

The Microgrid Market could be explored based on offering as Services, Hardware, and Software. The “Software” segment led the market in 2018 and is anticipated to maintain its dominance by 2025 due to high acceptance of software across commercial and industrial sites, university campuses, utilities, and municipalities. The industry may be analyzed by consumption pattern as Semi-urban, Rural/Island, and Urban/Metropolitan.

Microgrid industry may be categorized by verticals as Healthcare, Educational Institutes, Military, Industrial, Government & Utilities may be subdivided into Rural Electrification and Urban Electrification, and Other verticals may comprise Data Centers, Telecom Infrastructure (Cellphone Towers), and Electric Vehicles. The “Healthcare” segment led the market in 2018 and is anticipated to maintain its dominance by 2025 owing to growing need for continuous power supply in the healthcare domain, and Next-generation microgrids offer healthcare services the ideal power source for sustaining operator involvement although enhancing energy consumption.

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North America accounted for the major share of the Microgrid Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes growing number of new solar PV microgrids for effectiveness in West and Northeast regions of the U.S. is anticipated to have an optimistic influence.

Some of the key players that fuel the growth of the microgrid industry comprise Exelon, GE, Lockheed Martin Corporation, Siemens AG, Lockheed Martin Corporation, Power Analytics, ABB Group, Schneider Electric, Honeywell International Inc, Toshiba Corporation, Echelon Corporation, and ZBB Energy Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Microgrid Product Outlook (Volume, MW; Revenue, USD Million; 2014 – 2025)
• Remote
• Grid connected
• Hybrid

Microgrid Application Outlook (Volume, MW; Revenue, USD Million; 2014 – 2025)
• Government
• Education
• Commercial
• Utility
• Defense
• Others

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Energy

Biodiesel Market Future Development, Competitive Insights and Scope by 2025

26 June 2019: Global Biodiesel Market is expected to reach USD 54.8 billion by 2025. Biodiesel is a renewable fuel made from biomass similar to conventional or fossil diesel. It may be produced from waste cooking oil, vegetable oil, tallow, and animal fats/oil. The process of converting these oils into biodiesel is termed as transesterification. The Biodiesel Market is estimated to grow at a significant CAGR of 7.3% over the forecast period as the scope and its applications are rising enormously across the globe. Biodiesel Market is segmented based on feedstock type, application, and region.

Soybean field at harvest time

Animal fats, vegetable oils, and others are the feedstock types that could be explored in Biodiesel in the forecast period. Animal fats comprise poultry, lard, and tallow. Vegetable oils include palm, soybean, and rapeseed. On the other hand, other sector comprises of trap grease/brown grease. Vegetable oils sector accounted for the substantial market share of Biodiesel and is estimated to lead the overall market in the coming years. This may be because of its high demand across several industries as it is easy to process and have a low saturated fat. In addition, it is easily available and has a low manufacturing cost are another factors leading the sector.

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The market may be categorized based on applications like solvent and cement manufacturing, fuel, power generation, and others. Fuel sector accounted for the substantial market share of Biodiesel and is estimated to continue its dominance in the coming years. This may be because; the fuel reduces the wear and tear of the engine and guarantees complete fuel combustion.

Globally, Europe accounted for the substantial market share of Biodiesel and is estimated to lead the overall market in the coming years. Germany and France are the major consumers of Biodiesel in the region. Instead, North America and the Asia Pacific are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers of Biodiesel in this region.

The key players of Biodiesel Market are TerraVia Holdings Inc., Archer Daniels Midland Company, BIOX Corporation, Wilmar International Limited, Cargill Inc., Bunge Limited, Renewable Energy Group Inc., and Neste Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Market Segment:

Feedstock Outlook (Volume, Million Liters; Revenue, USD Million, 2014 – 2025)
• Vegetable Oils
• Canola oil
• Soybean oil
• Palm oil
• Corn oil
• Others
• Animal Fats
• Poultry
• Tallow
• White grease
• Others

Application Outlook (Volume, Million Liters; Revenue, USD Million, 2014 – 2025)
• Fuel
• Automotive
• Marine
• Agriculture
• Others
• Power Generation
• Others

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Energy

Distributed Energy Generation Market Size Worth of USD 573.7 billion Forecast by 2025

11 March 2019: The Distributed Energy Generation (DEG) Market global size is expected to value at USD 573.7 billion by 2025. The market is subject to witness a substantial growth due to numerous environmental advantages, and high efficiency in comparison with the conventional power generation systems. The distributed energy generation (DEG) diminishes the need for constructing a transmission capacity, allowing reduction in the line cost. Additionally, lower operational cost associated with the use of the distributed energy generation (DEG) in comparison with the traditional systems is propelling the growth of the distributed energy generation (DEG) industry in recent years.

Distributed Energy Generation

Similarly, with recent advancements in the distributed energy generation methodologies like that of floating solar photovoltaic are expected to positively influence the distributed energy generation (DEG) market. The reduction in the cost of solar photovoltaics due to numerous government initiatives and subsidies are spiraling the demand of distributed energy generation (DEG) systems. Globally, the distributed energy generation (DEG) market is predicted to grow at CAGR of 15.0% in forecast period, providing numerous opportunity for industry players to invest for research and development in the DEG industry.

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The generation of electricity with the help of distributed renewable systems offers lower initial cost, reduced operational and maintenance cost along with reduction in the per unit cost of electricity. Such advantages help consumers to adopt distributed energy generation (DEG) system over conventional energy system. The use of distributed energy generation (DEG) provide numerous environmental benefits in regards to the renewable energy generation. Furthermore, growing awareness regarding to the importance of clean energy resources is spurring growth of the industry in the forecast period.  Adoption of renewable energy reduces generation of greenhouse gas emissions. DEG systems are fairly inexpensive in comparison with the traditional electricity generation systems. These factors are playing a key role for the expansion of the distributed energy generation (DEG) industry over the forecast period.

Typically, power generation plants require large area and centralized processing units. With the development of latest trend involving distributed systems, allows decentralization of energy generation system. In distributed energy generation (DEG) systems, various energy conversion units are located near energy consumers,as large units are replaced by small capacity units. A distributed energy generation system is ahighly efficient, dependable and environment-friendly. Applications of the distributed energy generation (DEG) systems are commonly found in small hydro power plants, biomass power plants solar PV systems, wind turbines, and geothermal power units. These systems play a key role in the electric power distribution as well. Distributed generation systems is commonly referred as multiple power sources feeding on the single loads at multiple locations, or standalone and isolated power units located at the point of use.

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Benefits associated with the use of the distributed energy generation (DEG) are reduction in the transmission and distribution losses due to convenient placement and enhanced loading capabilities. The adoption of distributed energy generation (DEG) systems allows generation of electricity from waste products or renewable resources such as bio-mass or bio-gas, which is considered as ideal replacement for fossil fuels. The distributed energy generation (DEG) does not require additional circuitry and uses existing single or three phase generation.

The distributed energy generation (DEG) industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise adoption of latest technologies and existence well-established infrastructure. Asia-Pacific region is predicted to hold major market share in the distributed energy generation (DEG) market with massive growth in forecast period.

Countries such as India and China leading the Asia-Pacific market with growing requirement of micro-grids and significant investment by leading industry players due to numerous potential opportunities in the region. The key players in the distributed energy generation (DEG) industry are Capstone Turbine Co., General Electric Inc., Vestas Wind Systems, Siemens Co., and Caterpillar Power Plants.

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Energy

Wave and Tidal Energy Market Estimated to Grow at a Significant CAGR of 42.5% over the future Period 2019-2025

Global Wave and Tidal Energy Market is expected to reach USD 3.9 billion by 2025 as the scope, product types and its applications are increasing across the globe. Wave energy implies to the energy of the ocean surface waves, which is captured for desalination, the pumping of water into reservoirs and electricity generation. It is considered to be the most promising green technologies, and Wave and Tidal Energy generate the most intense source of renewable energy. Oceans are an endless source of clean energy. Wave and tidal energy market is expected to grow at a CAGR of 42.5% in the upcoming period.

Wave and Tidal Energy

As such, connecting tidal and wave energy from the ocean surfaces is the most supportive source of energy. Economies across the globe are inclined toward usage of these forms of renewable energy as these offer a continuous and stable source of clean energy. Abundance of ocean surface and energy generation volume in numerous countries has helped governments to follow ocean energy generation as a significant source of renewable energy in years to come.

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Moreover, the wave and tidal energy is witnessing maximum demand due to rise in development of the initiatives across countries, which results in reduction of price with respect to electricity. Furthermore, increase in funds and new rules by local governments helps the skill inventors for fast commercialization of their energy converters. On the other hand, the factors such as environmental and socio-economic barriers and high cost are expected to hamper the growth of the market over the forthcoming period.

Wave and Tidal Energy Market may be explored by type, technology, end users, and geography. Wave and Tidal Energy may be explored by type as Wave Power plants, and Tidal Power Plants. The “Tidal Power Plants” of Wave and Tidal Energy is the dominant type of the market in 2016, The conversion of kinetic energy into electricity is mainly done with the help of “Tidal Stream”. As compared to Wave Power plants, the Tidal Power Plants may have higher R&D investments.

Wave and Tidal Energy may be explored by Technology as Pendulor Device, Tidal Stream Generator, Barrage, Oscillating Water Columns, and Others (Lagoon and Turbine). Wave and Tidal Energy may be explored by end users as Residential, Industrial, and Commercial. Asia-Pacific has been at the forefront with regards to wave and tidal energy industry and will continue to rule the roost in the years to come. The Asia Pacific accounted for the major share of 39% of the global volume in 2016. The region is estimated to continue to be the foremost user over the forthcoming period due to increase in the environmental rules, public funding programs, competition, and government policies are expected to facilitate the growth of market in this region.

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Asia-Pacific is looked upon as the most attractive and major market for Wave and Tidal Energy all over the world. Significant development of the accessibility of incomes, awareness amongst the population, economy, and growth in open test places are estimated to drive the market throughout the upcoming period. Asia-Pacific is followed by the North America.

Some of the key players that fuel the growth of the wave and tidal energy market include S.D.E. Energy Ltd. (WERPO Wave Energy), Carnegie Wave Energy Ltd., Tenax Energy, Ocean Power Technologies, Inc., Atlantis Resources Ltd., AquaGen Technologies, Pelamis Wave Power Ltd., Ocean Renewable Power Company LLC, Aquamarine Power Ltd, and Marine Current Turbines Ltd. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Wave and Tidal Energy Type Outlook (Installed Capacity, Megawatt; Revenue, USD Million, 2014 – 2025)
• Wave
• Tidal

Wave and Tidal Energy Regional Outlook (Installed Capacity, Megawatt; Revenue, USD Million, 2014 – 2025)
• North America
• Canada
• Europe
• U.K.
• France
• Asia Pacific
• China
• South Korea

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Energy

Battery Recycling Market Specification, Overview, Drivers, Outlook and Forecast 2025

30 January 2019: The global Battery Recycling Market size was valued at USD 8.74 billion in 2016 and is anticipated to reach USD 21.04 billion by 2025, with a CAGR of 10.4%. Stringent government regulations coupled with a progressive environment to pursue factors related to reduction in emission of formidable greenhouse gases and compliance with environmental protection and conservation is proving to be a growing impetus for battery recycling market. Spent batteries pose immense health hazards and impair the ecosystem significantly and coupled with government recognizing the need for implementing initiatives in order to recycle batteries are constructive drivers to the market.

Battery recycling concept. Green energy, Background from battari

Successful JV’s between profitable ventures and NGO’s in collaboration with leading automobile manufacturers has boosted the battery recycling market. Battery recycles market still being in nascent stage and giving leverage to technological advancements comprising new entrants and small players descending on the market with high capital investments notwithstanding, market is surging forward thanks to growing incentives from government and environmental institutions.

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Mergers and Acquisitions (M and A) have also incremented sales forecasting impressive sales figures with concurrent business expansions leading to satisfied customers. Restraints, owing to ignorance of discerning populace in relation to battery recycling and environmental constraints with regard to battery disposal exists, with the awareness level of industries continuing to be strong thanks to the application of recycled battery in electronics and automotive sectors.

Based on battery source, Battery recycling market is segmented into automotive, electronic appliance and others. Based on chemistry, battery recycling market is segmented into lithium ion, lead acid and Nickel Cadmium (Ni-Cd). Based on end-use, the classification comprises extraction of material, repackaging, reuse and second life, disposal.

Region-wise segmentation includes North America, Europe, Asia Pacific, MEA and Latin America. The automotive sector in battery recycling market continues to enjoy wide popularity in the spent battery source segment during the forecast period and hence is a confirmed market leader in the battery recycling market. A proportionately high figure of lead acid batteries conventionally employed in vehicles and displaying a pre-disposition towards the recycling industry has given rise to battery recycling market which has boosted the market.

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As a news article dated Jul 2016 puts, a record 7.3 million pounds worth of single use and rechargeable batteries have been recycled in 2016. This corresponds to an excess of 115 million batteries being diverted from Canadian and U.S landfills and being put to recycle over the past 20 years. As news article dated Mar 2016 puts in print, the actual amount of waste batteries collected in 2015 exceeded 14,879 tons and a significant drop is observed in last quarter of the year totaling 4,022 tons. The amount noticed was in a ratio of 2507 tons for lead acid batteries to 125 tons with Ni-Cd batteries.

The news also lets out that recycling target can be attached to only portable batteries and UK has significantly raised the portability bar to 4Kg and in accordance with this stipulation, waste batteries weighing more than 4Kg cannot be termed as portable. The key industry players include battery Solutions LLC, Call2Recycle, Inc., EastPenn Manufacturing Co, EnerSys, Exide Technologies, G and P Batteries, Gravita India Ltd., Johnson Controls, Inc., Retriev Technologies, Inc., and UmiCore N.V.

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Energy

Thin Film Photovoltaics Market Size Estimation, Company Overview and Segmentation Analysis Forecast 2022

11 January 2019: Global Thin Film Photovoltaics (PV) Market is expected to grow significantly over the forecast period owing to the speedy advancements in thin film technology. The most common types of PV cells used worldwide are thin film PV cells and crystalline silicon. Formerly, market was ruled by crystalline silicon PV cells. However, thin film has gained popularity in the recent past. Thin film PV primarily consists of copper-indium diselenide (CIS), amorphous silicon (a-Si), cadmium telluride (CdTe) and copper indium gallium diselenide (CIGS).

thin film photovoltaics

Photovoltaics are also known as solar cells. They are electronic devices which directly converts sunlight into electricity. Thin film photovoltaics are made by putting one or more thin layers of photovoltaic (PV) material on a substrate such as plastic, metal or glass. Thickness of the film can range from few nanometers to micrometers. This is relatively thinner than its competitor’s crystalline silicon solar cells technology which uses wafers up to 200 micrometers. This permits thin film cells to be lower in weight, flexible and have less friction or drag. It can be used as a semi-transparent photovoltaic glazing material that can be plastic-coated on the windows.

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Photovoltaics incur relatively less operating costs and are reliable, safe and can be easily installed. The quest for economical technology for generating electricity attracted major investors and corporations towards thin film PV – advanced technologies industry. The industry witnessed over 100 companies entering into the market.

There was a growing need for thin film PV advanced technologies to constantly increase its productivity. This led to high energy production and lower system costs. Manufacturing costs must also be pulled down to attain competitive pricing. The growth of global thin film photovoltaics – advanced technologies market is driven by optimal efficiency and low manufacturing costs of PV cells.

There has been an increased alarm about change in climate and alternative sources of energy, which is expected to augment the demand for thin film PV – advanced technologies. Higher yields of thin film photovoltaic for shadow, weak lighting conditions and installation options that are visually attractive are expected to drive the industry. Market is poised for growth owing to the incentives and funding provided by the government for adopting solar energy so as to generate electricity. Factors such as low consumption of silicon, building mounted systems, initiatives by the government and the ground emergence may favorably impact the market growth. The year 2015 saw installations of around 52 gigawatts (GW) of new capacities all over the world.

However, multi junction PV cells and low conversion efficiency are anticipated to restrain market growth. Few other factors such as high costs of capital, poor maintenance and poor installation are expected to create major hindrance for thin film PV – advanced technologies demand in the market. Global thin film PV – advanced technologies market is segmented based on its type which includes organic and inorganic photovoltaics. Based on its application, thin film PV market is segmented into utility, military, consumer, residential and non-residential sectors. Furthermore, the utility sector is sub-characterized into power plant application, industrial applications, military and defense applications. Power supply connected to the line grid is anticipated to be the market leader of thin film PV over the forecast period.

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The European region has been leading the market of thin film photovoltaics over the past few years. Countries such as Italy, Spain and Germany majorly witnessed an increased demand of solar energy making Europe the market leader. North America and Europe have been projected to witness a very high growth rate over the forecast period owing to early adoption of advancements in the technology. Asia Pacific is also expected to follow North America and Europe as there has been an increased adoption of semiconductors by the electronics industry. Emerging economies such as India, China, Africa and Brazil are projected to show their presence in the market over the next seven years.

Key industry participants are coming up with innovative techniques to cater to the existing hindrances in the market. Major industry participants in the thin film PV – advanced technologies market include Kaneka Corporation, Unisolar, First Solar, Bosh Solar, Kyocera Corporation, Mitsubishi Electric Corporation, Panasonic Corporation ReneSola Co. Ltd., Jinko Solar, Yingli Green Treena Solar, Kaneka corporation, Sharp Corporation, JA Solar Co. Ltd. and Suntech Power Holdings Co. Ltd. In due course, global thin film photovoltaics –advanced technologies market is expected to outshine the dominating conventional solar photovoltaic technology. This will enable the long coveted objective of grid parity.

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Energy

Fuel Cell Technology Market Drivers, Production Status and Investment Feasibility Forecast Till 2025

Fuel cell helps to generate electrical energy from chemical energy through electrochemical process, the chemical is not burned therefore it is a source of clean fuel. The fuel cell technology industry is expected to witness significant growth on account of rising need for alternative energy sources and zero emission energy. Increase in demand of clean energy and large investments related to hydrogen storage infrastructure development are fuelling the growth of this industry. To promote use of clean and green energy government has invested heavily on exploration of this technology and has made strict government regulation to protect the environment which has propelled the demand.

Fuel Cell Technology

Conventional battery cannot store more energy and need continuous replacement. The energy density of non-conventional cell is more than the conventional battery; this makes it a better environment friendly option. Growing need to derive energy from renewable source to save the conventional resources and increasing concern for environment protection is expected to propel the demand for the forecast period. Platinum and Ruthenium Alloy are catalyst used to convert the chemical energy to electrical energy through electrochemical reaction. These catalysts are costly which increases the installation cost making the installation costly and to store more energy more cells are required which is a challenge for this industry.

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This technology for vehicle is gaining importance globally due to its uniqueness and environment-friendly nature. The technology has the ability to generate all vehicle types such as heavy duty, power forklifts, passenger, and airport tugs. Decrease in oil consumption by the vehicles is need of the hour and this technology is the solution which makes it a golden market to explore. Major automobile companies are launching new cars which work on this technology such Toyota has launched Mira, Honda has launched Clarity, Mercedes is doing research on cars powered by these non-conventional batteries. Advancement in hydrogen storage know-how is another opportunity that is yet to be explored; it is expected to increase the stationary power, portable power, and transportation of power.

The global fuel cell technology industry is segmented on the basis of applications such as transportation, portable, and stationary applications. Furthermore, it is segmented on the basis of technology such as Direct Methanol, Polymer/Proton Exchange Membrane (PEM), Molten Carbonate, Phosphoric Acid, and Solid Oxide. The technology is growing rapidly with multiple benefits such as it has portable applications such as non-conventional battery can be used for devices such as laptop, mobiles and camera as a rechargeable battery. Portable fuel cells are expected to augment or replace battery technology and use either DMFC, or PEM.

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Proton Exchange Membrane Fuel Cell (PEMFC) these are extensively used across the globe, its power to area ratio (absorbs more power per unit area) is higher which makes it ideal to produce more energy when compared to others. North America and Europe are the key contributor in this market owing to awareness to protect the environment and encouragement from government to use and harness clean energy. Asia-Pacific is expected to have significant growth for the forecast period owing to the largest value generating region for these cells, with Japan and South Korea being the major countries driving the market. In Middle East and African region, the market is growing at a slower rate due to lesser awareness, although Middle East and African regions comprise the future markets for this technology, these markets are considered as major emerging markets.

Key players in this industry are Aisin Seiki Co. Ltd., AFC Energy, Bloom Energy, Ballard Power Systems Inc., Ceres Power Holdings PLC, Ceramic Fuel Cells Limited, Fuelcell Energy, Doosan Corporation, Kyocera, Hydrogenics Corporation, and Plug Power Inc. In January 2016, Fuelcell Energy a leader in manufacturing, designing, operation, and service of clean energy has announced to install a plant of 5.6-megawatt power generation plant for Pfizer Inc. world’s largest biopharmaceutical company to provide reliable and low carbon electricity. This power plant will be built by using this knowledge to produce clean and green energy.

In January 2016, Bloom Energy announced the first ever high rise project for producing clean and green energy at Morgan Stanley global head quarter. This project will operate using this technology and expected to produce 750 KW. In October 2015, Doosan Corporation Fuel Cell has inked deal to manufacture 70 Power Plants for South Korean utility. This will provide clean power for 71000 South Korean homes. In August 2015, Ballard Power Systems provides clean energy products at low cost and helps customers in solving challenges related to fuel cell, acquired Protonex Technology Corporation a leading designer and manufacturer of advanced power management products. This acquisition will help in increasing the product offering by adding power management product and portable devices using these cells.

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Energy

Zero Emission Buildings Market Business Overview, Consumption and Opportunities Forecast Till 2025

27 December 2018: Zero emission building (ZEB) is a residential or commercial building with significantly reduced energy needs through efficiency gains such that the balance of energy needs can be offered with renewable forms. On the basis of grid connectivity, the global zero emission buildings market is segmented into off grid and on grid zero emission buildings. Grid connected buildings revert surplus energy to the grid whereas off grid buildings preserve the surplus energy.

Zero Emission Buildings

Buildings possess a significant effect on energy use and environment which sum up to more than 50% of energy usage by commercial and residential buildings. Energy consumed by construction sector continues to grow mainly because of new buildings are erected faster than the old ones. Conceptually, zero emission buildings points towards sustainable energy development with certain goals. The laid goals and the way they are defined stand crucial to the design process.

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At heart, a zero emission building is an illustration that enables the buildings to meet energy requirements from low-cost, locally available, non-polluting and renewable sources. At a certain level, zero emission buildings generate ample of renewable energy on site to equal or exceed its annual energy use. A grid connection enables necessary energy balances typically using traditional energy source such as electric and natural gas utilities when on-site generation does not meet the loads. Thus, achieving a zero emission building without a grid is impossible since the current generation of storage technologies stands limited.

Commercially, the construction of zero emission buildings yields modern technology and right use of energy. With lots of consumer awareness for environment and strict norms for government, the global zero emission buildings market is anticipated to grow at a higher CAGR during the forecast period.

The key driving factors responsible for the zero emission buildings market includes stringent government regulations to minimize fossil fuel dependency. Also, the governments now encourage the deployment of greenhouse gas capture and storage option. Additionally, inception of several schemes inclusive of financial assistance schemes, tax benefit schemes and subsidies to endorse renewable energy source which is anticipated to fuel the market growth during the forecast period.

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On the basis of application, the global zero emission buildings market is segmented into commercial, residential and industrial zero emission buildings. Industrial segment is anticipated to grow during the forecast period owing to rise in infrastructure costs. On the basis of energy production technique, the global zero emission buildings industry is segmented into photovaltics and hybrid zero emission buildings.

On the basis of geographic segmentation, the global zero emission buildings market spans North America, Latin America, Europe, Middle-East, Asia-Pacific and Africa. APAC regions are anticipated to drive the market growth during the forecast period owing to rise in electricity demand along with rapid industrialization. Regions such as China, India, Singapore, Indonesia and Japan are the biggest spenders on infrastructure.

North American market dominates the global market owing to stringent regulation on carbon emission. Middle-East regions are expected to rise at a higher CAGR during the forecast period owing to modern technology and rapid growth in economy. African regions are anticipated to grow at a moderate CAGR owing to rising infrastructural developments and ongoing technological developments in urban parts of Africa. The key players in the global zero emission buildings market include Integrated Environmental Solutions (IES), Johnson Controls, SageGlass, Solatube, Integral Group, Kingspan, Lendlease and The Rockwool Group, Schneider Electric, Siemens AG, ABB, Honeywell, and Pacific Controls.

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