Solid Oxide Fuel Cell Market Research Analysis

The global solid oxide fuel cell market is projected to grow at a CAGR of 13.88%, by value from 2017 to 2025. The market in North America was the largest in 2016 and is projected to hold the largest share by 2025, followed by the markets in Asia Pacific and Europe. The growth of the solid oxide fuel cell market is mainly driven by government subsidies and fuel cell programs in countries, such as the US and Japan, increasing demand for efficient power generation and stringent emission norms in Europe and North America.

The solid oxide fuel cell market is dominated by a few global players. The key players in this market include Bloom Energy (US), Aisin Seiki (Japan), SOLIDpower (Italy), Sunfire (Germany), UnderSea Sensor Systems, (US), and Atrex Energy (US).

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The power generation segment is expected to hold the largest share of the solid oxide fuel cell market, by application, during the forecast period.
The power generation segment was the largest segment by market share for the solid oxide fuel cell market in 2016 and is projected to dominate the solid oxide fuel cell market during the forecast period. The growth of the power generation segment is primarily driven by the increasing demand for efficient power generation by the commercial and retail end-use segments as well as data centers and telecom towers. Solid oxide fuel cells have an efficiency of as high as 67% as compared to other technologies, such as reciprocating engines which have an efficiency of less than 30%. The government subsidies and incentives given for fuel cell installations in the US and Japan are also driving the growth of the power generation segment.

The planar segment is expected to hold the largest share of the solid oxide fuel cell market, by type, during the forecast period.
The planar segment held the largest market share in the solid oxide fuel cell market, by type in 2016 and is expected to dominate the market during the forecast period. The growth of the planar segment is mainly attributed to the applications of the planar SOFC type in the power generation segment and transportation APU end-use. The planar type is the most commonly used type of solid oxide fuel cell for sub-megawatt and megawatt-scale installations. Companies, such as Bloom Energy (US) and Sunfire (Germany) which dominate the power generation segment, offer planar type SOFC.

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North America: The leading market for solid oxide fuel cell
In this report, the solid oxide fuel cell market has been analyzed with respect to three regions, namely, North America, Europe, and Asia Pacific. The market in North America led the global solid oxide fuel cell market in 2016. Government subsidies and incentives provided for the installation of solid oxide fuel cells for power generation applications was the driving factor for the growth in this region. The market in North America is dominated by the power generation segment, with Bloom Energy being the market leader in the supply of solid oxide fuel cells. Several commercial and retail outlets, such as Walmart, Home Depot, and Ikea are investing in solid oxide fuel cells to power their retail outlets and offices for cost saving and emission reduction. Data centers are also adopting solid oxide fuel cells for energy cost saving and efficient power generation. The military segment is also witnessing a growing demand for solid oxide fuel cells for stationary and portable power generation solutions.

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Pneumatic Conveying Systems Market is Expected to Boom Worldwide by 2021

The global pneumatic conveying systems market was valued at USD 4.95 Billion in 2015 and is expected to grow at a CAGR of 6.4% from 2016 to 2021. Rapid industrialization in growing economies such as India, Saudi Arabia, UAE, South Africa, and Brazil, growing demand for advanced and energy efficient pneumatic conveying systems and thriving waste treatment industry are driving the pneumatic conveying systems market. 

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Positive pressure conveying systems to dominate the market during the forecast period
Positive pressure conveying systems are expected to hold a larger share of the market by technology in the pneumatic conveying systems market. Growing demand for high-efficiency systems is likely to be the major driving factor. The application of the system ranges from medium to high pressure. It’s used to transfer free flowing, granular, sticky or very fine material. The system is capable of transporting heavy materials over a longer distance. In vacuum conveying system, the material is transferred under low pressure and limited distances. When the material degradation is a concern, the vacuum or pressure dense phase system is mostly preferred over other modes of transportation. The market for the positive pressure conveying system is expected to grow at a promising rate during the forecast period due to their wide range of applications and high efficiency.

Food & beverage industry to hold the largest share in the pneumatic conveying systems market from 2016 to 2021
The food & beverage industry is the largest contributor to the pneumatic conveying systems market, and also acts as a key driver of the market. The rise in disposable income in emerging economies such as China, India, Brazil, Saudi Arabia, and Southeast Asia has led to high demand for food products. This has led to high growth of food industry in these economies, thereby leading to high demand for pneumatic conveying systems market. The pneumatic conveying systems market is driven by the rapid industrialization of emerging economies such as China, Saudi Arabia, India, South Africa, and other South Asian countries. Furthermore, the demand for advanced and energy efficient pneumatic system has boosted the demand for pneumatic conveying systems in several manufacturing industries.

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Asia-Pacific pneumatic conveying systems market to witness the highest growth from 2016 to 2021
The report covers five major regions—namely, Asia-Pacific, Europe, the Middle East and Africa, North America, and South America. The Asia-Pacific region is expected to witness high growth in the power generation, pharmaceuticals, and food & beverages industries from 2016 to 2021. Moreover, new government environmental norms are likely to boost demand for pneumatic systems.

The report also provides an in-depth analysis of the competitive landscape, along with profiles of leading pneumatic conveying systems market players such as Hillenbrand Inc. (U.S.), Nilfisk Group (Germany), Schenck Process Holding GmbH (Germany), Zeppelin Systems GmbH (Germany), and KC Green Holdings. Key players are trying to penetrate emerging markets, and are adopting various strategies such as contracts and agreements, expansions, mergers & acquisitions, and new product launches to increase their market share.

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Distributed Energy Resource Management System Market Witness to Huge Growth till 2022

The global distributed energy resource management system market was valued at USD 261.7 Million in 2016 and is expected to grow at a CAGR of 15.70%, from 2017 to 2022. Increasing share of renewable power generation in energy generation mix, reduced costs of wind power, photovoltaic system and battery storage, and shift from centralized to de-centralized power generation are major drivers that would trigger the distributed energy resource management system market.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the distributed energy resource management system market. These players include Siemens AG (Germany), ABB, Ltd. (Switzerland), General Electric (U.S.), and Schneider Electric (France). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.

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The report segments the market, on the basis of technology, into solar PV, wind, energy storage, CHP, and others. The growth of this segment is primarily driven by increasing deployment of increasing solar PV installation in the household sector, as well as commercial buildings in North America and other parts of the world. Moreover, Europe and some countries of Asia-Pacific such as Australia, Japan, and South Korea also present opportunities as power de-centralization is on rise in these regions.

The market has been segmented, based on software, into analytics, management and control, and VPP. The analytics sub-segment, within the software segment, led the DERMS market in 2016, and is projected to dominate the market during the forecast period. The analytics segment is expected to grow at the fastest rate during the forecast period.

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The analytics software sub-segment is expected to hold the largest share of the distributed energy resource management system market during the forecast period.
The analytics sub-segment, within the software segment, led the distributed energy resource management system market in 2016, and is projected to dominate the market during the forecast period. However, the management and control segment is expected to grow at the fastest rate during the forecast period.

The analytics software system is used to maximize the value of DERs. It also keeps the track of how a particular DER operates. As far as management and control is concerned, it is the intelligence system that provides the maximum value to the operators. Countries such as the U.S. and Germany are expected to drive the market demand, mostly because of the ongoing investment in renewable energy resources.

Target Audience:

·         Demand Response Aggregators

·         Distributed Energy Generation Solution Providers

·         Distribution Grid Operators

·         Electric Utilities

·         Energy Storage Device/Equipment Manufacturers and Integrators

·         Government Agencies

·         Investors and Financial Community Professionals

·         Market Research and Consulting Firms

·         Micro grid Developers

·         Renewable Power Generation and Equipment Manufacturing Companies

·         State and National Regulatory Authorities

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Low Voltage DC Circuit Breaker Market Set to Deliver Major Revenue Shares during the Forecast Period

The global Low Voltage DC Circuit Breaker Market is projected to reach a size of USD 1.5 billion by 2024, at a CAGR of 5.68%, from an estimated USD 1.2 billion in 2019. This growth can be attributed to factors such as upgradation & modernization of aging infrastructure for safe and secure electrical distribution systems, expansion in transmission & distribution networks, increasing rate of industrialization & urbanization, and increased focus on renewable energy generation techniques such as solar as well as increased emphasis on battery systems for microgrids and for eliminating the peaks or surges in the grid, because of varying generating capability from the renewable sources.

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The data center end user is expected to be the fastest growing market from 2019 to 2024.”
The data center end user is estimated to be the largest and the fastest growing segment during the forecast period, as it is the main component utilized in the cloud storage applications which are an essential part of the digitalized operations of every task including smart grid and smart transport. With most of the existing operations related to almost all the fields to undergo digitalization in the near future for the sake of ease of operations and reliability, data centers will be coming up in large numbers around the globe to support the same, where DC is essentially needed, ultimately increasing the demand for low voltage DC circuit breakers.

The others segment, by application, is expected to be the largest market from 2019 to 2024.
The others segment is expected to hold the largest market share and to be the fastest growing segment during the forecast period because of the introduction of numerous new technologies in this sector such as Artificial Intelligence and Internet of Things that require a network of sensors and automation devices. The segment is also supported by the ever-increasing number of electronic devices needed for the ease of lifestyle, which is expected to drive the market during the forecast period.

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Asia Pacific: The leading market for low voltage DC circuit breaker.
The Asia Pacific region is expected to be the largest market for low voltage DC Circuit breakers, by 2024. Countries such as China, Japan, and South Korea are among the major countries which are considered as the main manufacturing hubs for low voltage DC circuit breakers. Over the past few years, this region has witnessed rapid economic development. Also, the growth of the solar power generation and strengthening of the transmission and distribution sectors in this region resulting in an increase in the low voltage dc circuit breaker market.

Increase in the demand for electricity along with a thought of curbing pollutants emitted by burning of fossil fuels for power generation has made way for the renewable energy to come into picture. The total investment in the renewable generation, globally, was approximately USD 333.50 billion in 2017. Amongst renewables, solar energy has seen one of the most significant developments in the region. This is because countries such as China and India invested heavily in the solar technology and have ambitious targets of 680 GW and 227 GW, respectively, until 2022, to achieve, followed by the North American region.

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String Inverter Market Development Scope, Growth Opportunities and Key Companies Analysis Till 2021

The string inverter market was valued at USD 2.44 Billion in 2015, and is expected to grow at a CAGR of 8.29% from 2016 to 2021. Decrease balance of system cost, remote systems monitoring capabilities, and easy installation & customization are the major factors driving the string inverter market.

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On-grid segment is expected to hold the largest share of the string inverter market, by system type, during the forecast period
The on-grid segment led the overall string inverter market in 2015. On-grid systems are applied mostly in small-to-medium scale commercial & industrial, and large utility-scale solar applications. This is driving the market of three-phase string inverters, which are being commercialized at a huge scale in Asia-Pacific and Europe.

Utilities are expected to hold the largest market share of the string inverter market, by end-users, during the forecast period
The utilities segment is expected to hold the largest share the string inverter market during the forecast period. Utility-scale large projects are improving given regulations for renewable integration, while accelerating the growth of the string inverter market for the utility segment. On islands, string inverter in utility-based solar systems, integrated with energy storage systems, is expected to grab areas with high level of penetration of renewable energy.

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Asia-Pacific is the largest market for string inverter
In this report, the string inverter market has been analyzed with respect to four regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is estimated to be the largest market for string inverter till 2021. Government targets, policy support (tax incentives and RPOs), incentives such as feed-in tariffs and tenders, and competitive bidding in the region will drive the Asia-Pacific sting inverter market from 2016 to 2021.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the string inverter market. These players include KACO New Energy GmbH (Germany), Delta Energy Systems GmbH (Germany), ABB Limited (Switzerland), Chint Power Systems Co., Ltd. (China), Ningbo Ginlong Technologies (China), Samil Power Co., Ltd. (China), Fronius International GmbH (Austria), SMA Solar Technology AG (Germany), and Huawei Technologies Co. Ltd. (China), among others. Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

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Turbocompressor Market Analyzed for the Projected Period of 2016-2021

The report "Turbocompressor Market by Type (Centrifugal & Axial), Application (Oil & Gas, Chemical, and Power Generation), Stage (Single & Multi), Output Pressure (0–20, 21–100, Above 100 Bar), and by Region - Global Trends & Forecasts to 2021", The turbocompressors market is projected to grow from an estimated USD 12.15 Billion in 2016 to USD 15.81 Billion by 2021, at a CAGR of 5.4%. Increasing LNG trade between nations, the growing demand for energy, and investments in sectors other than oil & gas are expected to drive the market for turbocompressors.

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Oil & gas sector to dominate the turbocompressors market during the forecast period
The turbocompressors market has been segmented according to application into oil & gas, power generation, chemical, and others. The oil & gas sector accounted for approximately 50% of the market share in 2015. The growing number of LNG projects will likely increase the demand for turbocompressors. This is expected to drive the market for turbocompressors in the oil & gas sector.

Axial turbocompressors to hold the largest share of the turbocompressors market, by type, during the forecast period
The turbocompressors market has been segmented on the basis of type into axial and centrifugal turbocompressors. Centrifugal turbocompressors are estimated to dominate the market. Axial turbocompressors are used as compressors in gas turbines and in the steel and chemical industries. These turbocompressors are primarily used for applications that require a high intake volume of flow, and are more efficient than centrifugal turbocompressors. Most axial turbocompressors produce pressures higher than 100 psi, at intake volumes between 23,500 acfm to 588,500 acfm. The market for axial turbocompressors is expected to grow at the highest CAGR during the forecast period.

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Objectives of the report:

·         To define, describe, and forecast the global turbocompressor market on the basis of application, output pressure, stage, type, and region

·         To provide detailed information regarding major factors influencing the growth of the market, including drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues

·         To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market

·         To analyze market opportunities for stakeholders and provide details of a competitive landscape for market leaders

·         To strategically profile key players and comprehensively analyze their market shares and core competencies

·         To track and analyze competitive developments such as agreements, mergers & acquisitions, and expansions in the turbocompressors market

North American turbocompressors market to witness the highest growth during the forecast period
The report covers six regions, namely, North America, Asia-Pacific, Europe, the Middle East, South America, and Africa. The turbocompressors market in North America is expected to witness the highest growth from 2016 to 2021, owing to the growing manufacturing sector in the region. The increase in the LNG trade between nations would drive the North American turbocompressors market, as turbocompressors are used for gas transportation and storage.

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Industrial Air Compressor Market Growth Opportunities & Global Analysis 2021

The report "Industrial Air Compressor Market by Type (Positive Displacement & Dynamic), Maximum Pressure (0–20 bar, 20–100 bar & above), Output Power (0–50 kW, 50–250 kW, 250–500 kW & above), Seal (Oil immersed & Oil free), End-Use - Global Forecast to 2021", The industrial air compressor market is projected to grow from an estimated USD 25.71 Billion in 2016 to USD 34.87 Billion by 2021, at a CAGR of 6.3%. Expansion of liquefaction and regasification facilities across globe, rising demand for energy efficient compressors, and rapid industrialization in emerging economies are the key driving factors for industrial air compressors.

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Objectives of the Study

·         To define, describe, and forecast the global industrial air compressor market by product type, maximum pressure, output power, seal type, end-user, and region

·         To provide detailed information regarding major factors influencing the growth of the industrial air compressor market (drivers, restraints, opportunities, industry-specific challenges related to the market)

·         To strategically analyze the industrial air compressor market with respect to individual growth trends, future prospects, and contribution of each segment to the market

·         To strategically profile key players and comprehensively analyze their market shares and core competencies

·         To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the industrial air compressor market

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The industrial air compressors are used to increase pressure by converting power into potential energy, which is stored as pressurized air. This pressurized air is used to power pneumatic tools, to compress gas for transport, cutting & welding, packaging, cooling and freezing, among other applications. This has led to the increasing installation of air compressors across industries.

The positive displacement air compressor segment is estimated to dominate the industrial air compressor market, by product type. The demand for positive displacement air compressors is fueled by its wide range of application and the growing demand for air and gas compression across industries. Significant investments are being made across the world to improve cross border oil & gas transportation network, rapid industrialization in emerging economies, and high demand for processed food are also likely to be among the major driving factors.

Asia-Pacific industrial air compressor market to witness the highest growth from 2016 to 2021
The report covers five major regions namely, Asia-Pacific, Europe, the Middle East and Africa, North America, and South America. The Asia-Pacific region is expected to witness high growth in the power generation, manufacturing, and food & beverages industries from 2016 to 2021. Moreover, new policies for improved product quality by ISO (International Standardization Organization) are likely to boost demand for air compressors.

High Pressure Pump Market Past, Present and Future Scenario

The report "High Pressure Pumps Market by Type (Dynamic and Positive Displacement), Pressure (30 Bar–100 Bar, 101–500 Bar, And Above 500 Bar), End-User (Oil & Gas, Power Generation, Chemical & Pharmaceuticals, and Manufacturing Industries) - Global Forecast to 2021", is expected to grow from an estimated USD 2.34 Billion in 2016 to USD 2.76 Billion by 2021, registering a CAGR of 3.2% from 2016 to 2021. The global market is set to witness significant growth, due to the focus on the water & wastewater treatment sector, the growth of the manufacturing sector in South Asian countries, and the growing green chemical industry in the U.S.

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The manufacturing industries segment is expected to hold the largest share of the high pressure pumps market, by end-user, during the forecast period
The manufacturing industries segment led the high pressure pumps market in 2015, and is projected to dominate the market during the forecast period. The segment is expected to grow at the fastest rate during the forecast period. This segment is primarily driven by the growth of the automobile, food processing, and textile industries, and is expected to create new revenue pockets for the high pressure pumps market during the forecast period.

Dynamic to be the fastest growing segment in the high pressure pumps market
With regard to the type segment, dynamic high pressure pumps are expected to constitute the fastest growing market from 2016 to 2021. These pumps are used in the oil & gas sector for cleaning heat exchanger, rust and paint removal from metal structures, and tube dechoking. In the water & wastewater treatment sector, it is used for processing drinking water, reverse osmosis process, and machine tool lubrication.

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Asia-Pacific: The leading market for high pressure pumps
In this report, the high pressure pumps market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected to dominate the global high pressure pumps market, given an increase in the number of manufacturing and development activities in countries such as India and China.To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the high pressure pumps market. These players include Andritz (Austria), GEA Group (Germany), Grundfos (Denmark), Sulzer Ltd. (Switzerland), and The Weir Group Plc. (U.K.). Leading players are trying to penetrate the markets in developing economies, and are adopting various strategies to increase their market share.

Scope of the report
This study estimates the global market for high pressure pumps, in terms of USD, till 2021. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market. These include an analysis of the supply chain, a competitive landscape, market dynamics, market estimates in terms of value, and future trends in the high pressure pumps market.

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