Flywheel Energy Storage System Industry Overview The global flywheel energy storage system market size is expected to reach USD 737.99 million, registering a CAGR of 9.8% during the forecast period from 2022 to 2030, according to a new report by Grand View Research, Inc. The rise in climate change issues and environmental concerns led various countries, around the world, to reduce their carbon footprint for power generation and transportation sector and to opt for cleaner and green energy technologies owing to the demand for flywheel energy storage is growing in its specific application segments. The data center is the highest penetration application segment in the flywheel energy storage market due to the growing demand for energy storage devices, in order to overcome the risk of interruptions at the main power supply. UPS, with the second-highest penetration, is one of the most important application areas of flywheel energy storage systems. The growing demand for uninterrupted power supply from industries across various sectors is driving the market for UPS. Flywheel Energy Storage System Market Segmentation Grand View Research has segmented the global Flywheel Energy Storage System Market report based on application and region: Based on the Application Insights, the market is segmented into UPS, data center, distributed energy generation, transport and others
Flywheel Energy Storage System Regional Outlook
Key Companies Profile & Market Share Insights Industry players are practicing several growth policies such as strategic partnerships with other local market players, to set up flywheel energy storage systems across various countries. Such policies enable companies to improve their foothold in the global market. Some of the major manufacturers are exploring other markets and expanding their presence in emerging economies. Thus the companies are keenly looking at certain ways to grow their existence in untapped countries to enhance their market share. Some of the prominent players in the global flywheel energy storage system market include:
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Liquefied Natural Gas Industry Overview The global liquefied natural gas market size is expected to reach USD 208.85 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.1% from 2022 to 2030. The growing demand for electric power through clean energy sources is likely to propel the market growth over the coming years. A growing focus on projects related to distributed power & utility is anticipated to bolster the market growth over the next eight years. The projected growth in natural gas in the power generation business is also likely to create more demand for liquefied natural gas (LNG) across various countries. Liquefied Natural Gas Market Segmentation Grand View Research has segmented the global liquefied natural gas market report based on application and region: Based on the Application Insights, the market is segmented into transportation fuel, power generation and others
Liquefied Natural Gas Regional Outlook
Key Companies Profile & Market Share Insights The market is characterized by the presence of several key players and a few media and small-scale regional players. Many of the companies have their sector that they focus on and have a very high penetration in that sector. Virtual pipeline systems deliver liquefied natural gas by road, rail, and waterways to areas not connected by physical pipelines. Some of the prominent players operating in the global liquefied natural gas market are:
Market Industry Development
Order a free sample PDF of the Liquefied Natural Gas Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Battery Market To Create Business Opportunities, Owing To High Demand For Portable Electronics7/20/2022 Battery Industry Overview The global battery market size is expected to reach USD 310.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.1% from 2020 to 2027. Technological advancements in terms of enhanced efficiency and cost reduction are likely to open new paths for the global market over the estimated period. Increasing use in aircraft emergency systems in case of non-availability of auxiliary power units (APUs) for ground operations, restarting, and braking the auxiliary power units is expected to propel high capacity battery demand. High density and low cost of the lead-acid battery will support use in grid storage and emergency power supply applications, thus augmenting the market growth. Battery Market Segmentation Grand View Research has segmented the global battery market report on the basis of product, application, and region: Based on the Product Insights, the market is segmented into lead acid, lithium ion, nickel metal hydride, nickel cadmium and others
Based on the Application Insights, the market is segmented into automotive batteries, industrial batteries and portable batteries
Battery Regional Outlook
Key Companies Profile & Market Share Insights The global market is characterized by intense competition due to the presence of major companies across the region. The market is categorized with forwarding integration, where key battery producers are also indulged in the usage and distribution of such batteries. Key participants depend on strategies such as JVs and M&A to strengthen their presence in the market. They also focus on increasing their market productivity and share through R&D activities and product innovations. Some of the prominent players in the battery market include:
Order a free sample PDF of the Battery Market Intelligence Study, published by Grand View Research. Carbon Capture And Storage Industry Overview The global carbon capture and storage market size was valued at USD 3.22 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.8 % from 2022 to 2030. Increasing concerns regarding the detrimental effect of carbon emissions on the environment have prompted the adoption of carbon capture and storage (CCS) technology. Various governments are encouraging the implementation of technology through pilot projects across various industries due to the ability of carbon capture & storage technology to serve as a large-scale solution for achieving the high CO2 emission reduction targets and climate control goals. Gather more insights about the market drivers, restrains and growth of the Global Carbon Capture And Storage Market As technology advances, offshore oil and gas exploration and production activities are projected to expand, resulting in a surge in the use of gas injection enhanced oil recovery (EOR) techniques. Carbon dioxide is used in the extraction of crude oil. The use of gas injection EOR techniques for both onshore and offshore wells will be fueled by maturing and declining oil reservoirs. As a result, the market for carbon capture and storage is likely to develop over the forecast period due to the growing need for CO2 for EOR activities in the oil and gas industry. In 2021, the U.S. generated USD 939.52 in terms of revenue. The region is anticipated to dominate the global market on account of the presence of several high-capacity CCS plants in this region, as well as the increasing usage of CO2 in enhanced oil recovery techniques. Due to large-scale development projects of carbon capture, utilization, and storage, the demand in the region is predicted to increase rapidly in contrast to other regions. According to the American Council, the FUTURE Act (Furthering Capital Carbon Capture, Utilization, Technology, Underground Storage, and Reduced Emissions) was introduced under the 45Q part of the bill to give incentives for capturing the carbon dioxide produced by industrial and power sources for use in enhanced oil recovery. With the development of shale gas technology and the new government's lack of interest in carbon capture, the market for CCUS is predicted to increase at a slow rate in the country, increasing North America's market share in the carbon capture and storage market. Browse through Grand View Research's Distribution & Utilities Industry Research Reports.
Carbon Capture And Storage Market Segmentation Grand View Research has segmented the carbon capture and storage market based on capture technology, application, and region: Carbon Capture And Storage Capture Technology Outlook (Revenue, USD Million; Volume, Kilo Tons, 2019 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global carbon capture and storage market include
Order a free sample PDF of the Carbon Capture And Storage Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Gas Turbine Industry Overview The global gas turbine market size was valued at USD 22.17 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2030. A gas turbine is an engine, which heats a mixture of fuel and outside air at a very high temperature to generate mechanical energy through the spinning of the turbine blades. The mechanical energy further drives a generator, which produces electrical energy. Rapid technological advancements in the energy industry, combined with a shift in focus toward distributed power production technologies, are propelling the worldwide market forward. This market is predicted to expand rapidly during the forecast period, owing to increased government backing for power production technologies that minimize carbon dioxide (CO2) emissions around the world. Gather more insights about the market drivers, restrains and growth of the Global Gas Turbine Market Gas turbines are primarily used for power generation. Operating a simple cycle turbine power plant for supplying electricity to the industry is much costlier than purchasing it from outside. Thus, mostly, combined cycle power plants are employed, which have better efficiency. CHP plant is an example of a combined cycle power plant, which can be employed for electricity production as well as for obtaining mechanical drive. The paradigm shift from coal-based power generation to gas-based power generation in developed and developing countries such as the United States, Japan, China, and India, as well as supportive government policies for the construction of gas-based power plants, are the major factors driving the market's growth. The U.S. market is anticipated to observe a protruding growth on account of growing government support for power generation technologies that aim to reduce carbon dioxide emissions. The major factors driving the shift from coal-based power generation to gas-based power generation are suitable economics & supporting policies for setting up gas-based power plants in the country. In addition, assured long-term fuel supply availability in the U.S. is also one of the factors supporting the market growth in the country. Gas turbines play an important role in reducing greenhouse gas emissions. As compared to other combustion-based electricity generation applications, gas turbines are very proficient and also result in decreasing carbon emissions. The execution of numerous climate change initiatives along with regulations to cut down GHGs emissions are expected to lead to a surge in the potential for gas turbines during the forecast period. Lockdowns in major cities and economies have caused most industries around the world to shut down, effectively halting production. As a result, demand for oil and gas has decreased over the world. Global natural gas consumption was reported to be 3,822.8 billion cubic meters in 2020, according to the bp statistical analysis of world energy 2021, a decrease of roughly 81.1 billion cubic meters from 2019. Furthermore, as a result of the global pandemic, electricity consumption from industrial and commercial end-users has decreased significantly. As a result, demand for gas turbines decreased during the pandemic. Browse through Grand View Research's Conventional Energy Industry Research Reports.
Gas Turbine Market Segmentation Grand View Research has segmented the gas turbine market based on technology, capacity, end-use, and region : Gas Turbine Technology Outlook (Volume, MW; Revenue, USD Million, 2019 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global gas turbine market include
Order a free sample PDF of the Gas Turbine Market Intelligence Study, published by Grand View Research. China Stationary Lead Acid Battery Industry Overview
The China stationary lead-acid battery market size was valued at USD 2.4 billion in 2015. The product will witness significant demand from various end-use industries including oil & gas, nuclear power, electricity generation, construction, hospitality, banking, manufacturing, mining, transport infrastructure, and off-grid renewable. An easy manufacturing process coupled with the requirement of low-cost equipment will drive the demand over the forecast period. Increasing demand for lead-acid batteries as they provide high surge currents and energy densities will spur industry growth. Moreover, its advantages such as durability, dependability, low maintenance costs, and high discharge rate are expected to increase its preference over Li-ion and NiCd batteries. Gather more insights about the market drivers, restrains and growth of the China Stationary Lead Acid Battery Market Increasing investment by battery manufacturers coupled with the growing number of off-grid renewable projects, manufacturing facilities, and commercial buildings in China is likely to stimulate industry growth. The increasing demand for stationary lead-acid batteries in off-grid renewable energy generation for storing energy is expected to augment industry expansion. Rising product usage in renewable energy systems will open new market avenues over the forecast period. The presence of big telecom players such as China Telecom, China Unicom, and China Mobile coupled with the growing population will augment the demand for the product over the next eight years. Increasing consumption of UPS systems in buildings such as hospitals, banks, offices, data centers, and educational institutions for power backup & storage will promote industry growth over the next eight years. In addition, their ability to provide an uninterrupted power supply is a crucial factor for the development of the market. High adoption of lead-acid batteries in Energy Storage Systems (ESS) including stand-alone systems with PV, emergency power supply systems, and battery systems for mitigation of output fluctuations from the wind and solar energy will augment demand over the forecast period. Growing usage of Li-ion batteries in solar power and railway industries is also expected to impact the demand over the forecast period adversely. Moreover, volatile raw material prices will hinder industry expansion over the upcoming years. Various manufacturers are focusing on R&D for the development of environment-friendly products that are economical and offer better efficiency which in turn will open new market avenues over the forecast period. Ease of recyclability along with less operational expenses will further increase market size over the upcoming years. Moreover, offshore platforms' sub-sea exploration and on-shore production operations require versatile, maintenance-free, efficient, and lightweight batteries, therefore Li-ion batteries are preferred over lead-acid batteries. However, distribution infrastructure and refineries utilize lead-acid batteries in light of their low cost which is expected to fuel the market growth over the forecast period. China has planned to continue increasing its natural gas supply to replace coal consumption over the upcoming years. Furthermore, China government’s shale gas policy “First Shale Gas Industrial Policy” intended for rapid promotion of rapid development of the shale gas industry is expected to open new market opportunities. The presence of key oil and gas companies including CNOOC, Geo-Jade Petroleum, China National Petroleum Corporation, Sinopec, CITIC Resources, Shaanxi Yanchang Petroleum, and Sinochem Group is likely to drive market growth. Browse through Grand View Research's Power Generation & Storage Industry Research Reports.
China Stationary Lead Acid Battery Market Segmentation Grand View Research has segmented the China stationary lead acid battery market on the basis of application: China Stationary Lead Acid Battery Market Application Outlook (USD Million, 2013 - 2024)
Market Share Insights
Key Companies profiled: Some prominent players in the china stationary lead acid battery market include
Order a free sample PDF of the China Stationary Lead Acid Battery Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Nuclear Decommissioning Services Industry Overview The global nuclear decommissioning services market size was valued at USD 6.05 billion in 2021 and is projected to register a CAGR of 5.1% during the forecast period. The worldwide shutdown of older nuclear reactors owing to aging and the transitioning trend toward renewable sources of energy due to minimal environmental impact is likely to be the major forces driving the growth of the market in the coming years. Due to the Covid-19, the nuclear sector faced a few challenges such as unavailability of the workers, restrictions on the number of on-site workers, and disruption in supply chains. Travel restrictions and government guidelines had an adverse impact on the progress of some nuclear decommissioning projects, owing to the limited availability of staff and experts. The end dates of project completion faced the risk of extension. Gather more insights about the market drivers, restrains and growth of the Global Nuclear Decommissioning Services Market The demand for nuclear decommissioning has observed a tremendous surge due to the growing support from the governments of various countries post-nuclear accidents. Pressure from the public as well as governments are building up due to which nuclear phase-out has become the need of the hour. Increasing safety concerns, especially in regions such as Europe and North America, are anticipated to positively impact market growth. Nuclear dismantling can take several years as radioactive waste degrades over a long period of time. In general, the lifespan of a reactor is expected to be around 40 to 60 years, beyond which, it becomes difficult to operate them. Therefore, at the end of their lifespan, power plants need to be decommissioned or demolished so that the site can be made available for other uses. The process of decommissioning includes the entire clean-up of radioactivity when the plant wears out or the operating license expires. Different methods of decommissioning the nuclear facilities are available with industry operators. These include immediate dismantling, deferred dismantling, and entombment. The majority of the materials can be reused and as the collective dose is relatively low, deferred dismantling is preferred. Some of the major players in the industry are constantly striving for the technological advancements to deliver better services with increased efficiency. Decommissioning the nuclear facilities involve extensive research and development to build up efficient dismantling techniques. Such technological advancements to deliver effective decommissioning of the plants escalate cost and make the entire process expensive. Therefore, the high cost of dismantling reactors is expected to threaten market growth. Furthermore, service providers are required to conform to the numerous standards and regulations established by authorities in different regions, posing a challenge. Browse through Grand View Research's Conventional Energy Industry Research Reports.
Nuclear Decommissioning Services Market Segmentation Grand View Research has segmented the global nuclear decommissioning services market based on the reactor type, strategy, and region: Nuclear Decommissioning Services Reactor Type Outlook (Revenue, USD Million, 2019 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global nuclear decommissioning services market include
Order a free sample PDF of the Nuclear Decommissioning Services Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Enhanced Oil Recovery Industry Overview The global enhanced oil recovery market size was valued at USD 38.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2022 to 2030. An increasing number of aged wells, along with decreasing production from existing oilfields, is expected to drive the market demand over the forecast period. Enhanced oil recovery (EOR) technology enhances oil production from mature and aged oil fields, by almost 10 to 20 percent when compared to conventional oil extraction methods. Mature wells are those oil reserves where production has reached its peak and has started to decline owing to poor permeability or exhibiting heavy oil. Technically, EOR increases the permeability of the reservoir so that hydrocarbons can flow through the pathways easily and into the targeting producing well. Gather more insights about the market drivers, restrains and growth of the Global Enhanced Oil Recovery Market The U.S. market is anticipated to witness significant growth on account of the growing exploration of unconventional oil and gas resources. Furthermore, government funding aimed at commercializing the EOR technology is anticipated to positively influence the industry landscape. For instance, the U.S. Department of Energy (DoE) provides funding to private companies and universities in order to carry out research for advancements in EOR technologies. Further, a number of CO2 injection-based EOR projects started from 2017 to 2020 in the U.S., which resulted in the dominating share of CO2 injection technology over other available technologies in the country. For instance, the oil production in the Permian Basin has shown a significant rise in oil production by the use of CO2-EOR technology. These market developments are expected to boost the growth of the market in the U.S. in the forecast period. Falling crude oil prices are expected to have a negative impact on the oil and gas industry and may restrain the market growth over the forecast period. The COVID-19 pandemic led to a drastic drop in oil prices in 2020. This resulted in reductions in planned capital expenditure and the implementation of cost-cutting actions by oil players across the globe, which is expected to hinder the growth of the market. However, a rise in environmental concerns regarding carbon emissions has resulted in enhancing the demand for carbon capture and storage (CCS), which has emerged as a viable solution to limit carbon emissions. These factors are expected to positively impact the market growth as captured carbon in CCS projects is usually utilized by oil and gas companies for CO2 injection EOR technology. Browse through Grand View Research's Conventional Energy Industry Research Reports.
Enhanced Oil Recovery Market Segmentation Grand View Research has segmented the global enhanced oil recovery market report on the basis of technology, application, and region:
Market Share Insights
Key Companies profiled: Some prominent players in the global enhanced oil recovery market include:
Order a free sample PDF of the Enhanced Oil Recovery Market Intelligence Study, published by Grand View Research. Carbon Dioxide Industry Overview
The global carbon dioxide market size was valued at USD 7.80 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028. The rise in utilization of carbon dioxide (CO2) in the oil & gas sector for Enhanced Oil Recovery (EOR) technology has been one of the key drivers for the market in countries that are working to enhance production efficiency from oil wells. The CO2 gas has been used for medical applications in form of an insufflation component for several surgical procedures including laparoscopy, endoscopy, and arthroscopy. A shift in focus of governments towards improvement in healthcare facilities owing to the ongoing global COVID-19 pandemic will also support the market growth. Gather more insights about the market drivers, restrains and growth of the Global Carbon Dioxide Market CO2 is used in numerous applications, such as inert gas in firefighting, enhanced Oil recovery (EOR), carbonation of beverages, and freezing & cooling food products. Increased investments in R&D for advanced technologies in EOR and Carbon Capture & Storage (CCS) have led to an increase in the demand for CO2. The harmful impact of carbon dioxide on the environment has resulted in the formulation of various government regulations globally. The rising concerns regarding the harmful impact of carbon emissions have encouraged carbon-pricing initiatives in several countries of the world. These regulations help limit the emissions into the atmosphere. A rise in carbon emissions has led some countries to opt for CCS to limit their carbon footprint. However, the high cost of CCS technology is among the key restraint for the market. The COVID-19 pandemic has resulted in a dip in the supply of carbon dioxide, which is made from ethyl alcohol manufacturing. According to Renewable Fuels Association, in 2020, ethyl alcohol plants in the U.S. had curbed production due to falling demand for ethanol due to strict lockdown in the country. Browse through Grand View Research's Conventional Energy Industry Research Reports.
Carbon Dioxide Market Segmentation Grand View Research has segmented the global carbon dioxide market report on the basis of source, application, and region:
Market Share Insights
Key Companies profiled: Some of the prominent players in the global carbon dioxide market include:
Order a free sample PDF of the Carbon Dioxide Market Intelligence Study, published by Grand View Research. Global Demand Response Management Systems Market is expected to reach USD 35.9 billion by 2025. Demand Response Management System is also termed, as DRMS is a software that allows aggregators, utilities, and retailers to manage demand response (DR) programs through an open-standards, single, or unified-based system. The demand response management system market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
Rising acceptance of cloud based services, growing distribution of smart grid networks and technology, and growth in adoption of enhanced metering systems are documented as major factors of demand response management systems market that are estimated to enhance the growth in the years to come. However, lack of awareness and high initial cost in emerging countries are the factors that may restrain overall market growth in the coming years. Demand response management systems market is segmented based on solutions, services, verticals, and region. Request a Free Sample Copy of Demand Response Management Systems Market Report @ https://www.millioninsights.com/industry-reports/demand-response-management-systems-drms-market/request-sample Residential DRMS, commercial DRMS, and industrial DRMS are the solutions that could be explored in demand response management system in the forecast period. Support & maintenance, curtailment services, managed services, and system integration & consulting services are the services that could be explored in the forecast period. The market may be categorized based on verticals like agriculture manufacturing, energy & power, office & commercial buildings, and municipal, university, school, & hospital systems (MUSH) may be explored in the forecast period. Globally, North America accounted for the substantial market share of demand response management system in terms of revenue and is estimated to lead the overall market in the coming years. The United States is a major consumer of demand response management system in the region. The reason behind the overall market growth could be vast electricity network and growth in smart grid investments under the SGIG program to improve infrastructure and smart grid technologies. Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe 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 key players of demand response management systems industry are Schneider Electric, Honeywell, EnerNOC, GE, Johnson Controls, Siemens, and ABB. 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. The report “Demand Response Management Systems Market” is available now at https://www.millioninsights.com/industry-reports/demand-response-management-systems-drms-market Market Segment: DRMS Technology Outlook (Revenue, USD Million; 2014 - 2025) • Conventional demand response • Automated demand response DRMS Component Outlook (Revenue, USD Million; 2014 - 2025) • Hardware • Software DRMS Application Outlook (Revenue, USD Million; 2014 - 2025) • Residential • Industrial • Commercial DRMS Regional Outlook (Revenue, USD Million; 2014 - 2025) • North America • U.S. • Canada • Europe • UK • Germany • Asia Pacific • China • India • Japan • Latin America • Brazil • Mexico • Middle East & Africa To read more reports of this category, Visit our blog: https://energymarketreporters.blogspot.com |