Brian Miller
String Inverter Market. The global string inverter market was valued at $ 3.8 billion in 2020 and is expected to reach $ 6.7 billion by 2025, with a CAGR of 8.3% from 2020 to 2025.
Inverter is a system that converts direct current into alternating current. The utilities segment is expected to experience significant growth during the forecast period, due to the increase in solar energy projects in various countries around the world to develop a sustainable and affordable source of energy. With targets to reduce greenhouse gas (GHG) emissions in the coming years, countries around the world are adopting various targets to mitigate climate change. Increasing demand for electricity coupled with GHG emission targets is expected to drive the rise of renewable energy installations such as solar PV, which is likely to create an opportunity for string inverter companies to expand their activities in upcoming future.
Global String Inverter Recent Developments in industry: Global String Inverter Market Drivers: Size, Trends, Forecast. The global solar pumps market was valued at $ 2.01 billion in 2020 and is anticipated to reach $ 4.05 billion in 2025, registering a CAGR of 7.2% from 2020 to 2025.Developing countries provide opportunities for the growth of the solar pumps market, as there has been significant adoption of solar pumps in Asia-Pacific, especially India, China and Japan.
This is mainly attributed to the boom in agricultural activities and increased demand for electricity from renewable sources of production. India has set a goal of deploying more than 100,000 solar pumps by 2020, and Bangladesh is targeting 50,000 by 2025. Africa and the Middle East are two other different core markets for the solar water pump, where an accelerated demand for water for irrigation has been observed. Kenya, Morocco, Namibia and Nigeria are expected to provide a growth opportunity in the solar pump market. Global Solar Pump Recent Developments In Industry: Submarine Power Cable market Size, growth, Trends, Forecast. The global submarine power cable market is expected to grow from USD 15.5 billion in 2018 to USD 27 billion in 2025, with a CAGR of 15.32%.
The subsea power cable market is influenced by factors such as new capacity additions in the offshore wind industry and the increasing demand for connections between countries and islands. Increasing demand from the offshore oil and gas sector is expected to drive demand for submarine power cables. The growing demand for HVDC connections presents a great opportunity for the submarine power cable market due to the large investments made in it.A submarine power cable is an electricity transmission line that is used to transport energy below the surface of the water.
They are usually placed under salt water, but sometimes under fresh water. Submarine Power Cable recent Developments and Trends: Submarine Power cable Market Drivers: Restraints: Alternative Marine Power Market. Alternative marine power is an anti-pollution measure that assists in the decrease in air pollution generated by diesel generators.
It uses electrical power at the dock as a substitute. Tire Derived Fuel Market. The global tire derived fuels market was worth $ 124.62 million in 2020 and is predicted to reach $ 175.51 million in 2025, with a CAGR of 4.5% over the foreseen period.
Tire derived fuel is a fuel extracted from all types of employed tires such as whole tires or tires made in uniform flowable parts that meet end-user specifications. Employed tires are an exceptional source of fuel due to their high calorific value. Tire derived fuel (TDF) is a fuel derived from all types of waste tires. This can include whole tires or tires made in uniform flowable parts that meet end-user specifications. Mined Anthracite Coal Market. The global mined anthracite coal market was worth $ 59.72 billion in 2020 and is predicted to reach $ 78.48 billion by 2025, with a CAGR of 3.9% over the foreseen period.
Anthracite coal is often subjected to immense heat and pressure, which makes it one of the most hardest and compressed coals across the globe. Hard coal has the highest potential for thermal energy production than geologically newer coals which are comparatively soft. Anthracite charcoal is the newest and cleanest form of charcoal. It is created when bituminous coal is put under high pressure in folded rock.
Mined Anthracite Coal Market. Flue Gas Desulfurization Market. The global flue gas desulfurization market is predicted to raise from $ 17.7 billion in the year 2020 to $ 23.1 billion in 2025, with a current CAGR of 5.5 % throughout the foreseen period.
Power generation in any industry it requires combustion of fuels, of which coal and oil are crucial parts. Combustion gases are composed of nitrogen and sulfur oxides and particles that cause air pollution and environmental degradation in the form of acid rain. By one estimate, about 95% of sulfur is converted to sulfur dioxide under standard temperature conditions. Therefore, there is a constant need to reduce sulfur emissions by regulating industrial emissions, which requires different flue gas desulfurization technologies.
Flue gas desulfurization (FGD) is primarily employed to remove hazardous sulfur dioxide emissions from flue gases. Zero Liquid Discharge (ZLD) Market. Zero Liquid Discharge (ZLD) Market overview: The zero liquid discharge systems industry was close to USD 5.1 billion in the year 2020 and is predicted to reach to USD 8.5 billion by the end of year 2025, with a CAGR of 8.4% from 2020 to 2025.
The Increase in market value can be attributed to the limited availability of freshwater and the implementation of strict environmental regulations and water scarcity throughout the world. Zero Liquid Discharge (or ZLD) is a type of technique employed for wastewater treatment, in which the wastewater is first recycled and then purified for later use. The process helps eliminate water leaks throughout the process, without wasting water. Zero liquid discharge systems are employed in various industries, such as semiconductors, pharmaceuticals, textiles, food and beverages, chemicals, and petrochemicals, among others. Over the past decade, the availability of fresh water has drastically declined around the world. Land Incineration Plants Market. The global land incineration plants market is predicted to grow at a CAGR of 7.5% over the foreseen period.
Land incineration plants are recognized throughout the world for their ability to reduce the volume of municipal solid waste by almost 90% and the mass by 80%, depending on the composition of the waste and the degree of recovery of the materials. after. incineration. Governments and local organizations in various countries around the world are fostering the development of these factories by introducing various financing programs, like prudential loans, waste management infrastructure (WI) credits, and capital grants. Incineration plants on land burn the waste and the generated heat is transferred to a waste-to-energy plant, which is then employed to generate electricity. Size, Trends, Forecast. The global AC drive market was worth USD 14.51 billion in 2020 and is predicted to raise at a current CAGR of 7.6% throughout the foreseen period.
AC drives are electronic devices that alternate with voltage, frequency, and magnetic flux to regulate the speed and torque of an electric motor. In an energy intensive industry, the optimal use of energy and the efficient use of its consumption are important to manage the overall operating costs of this industry. Frequency converters can optimize energy consumption while helping reduce operating costs by monitoring the speed and torque of electric motors. AC Drives is an electronic device that is employed to regulate the speed of an electric motor by varying the frequency, magnetic flux and voltage in a motor circuit.
Laminated Busbar Market. The laminated busbar market is predicted to rise at a CAGR of 6.9% in the foreseen period, reaching a market size of $ 1,182.9 million by 2025 from $ 860.9 million in 2020. Profitability and performance are predicted to be the operational advantages of laminated busbars. The call for safety and security of electrical distribution systems, and the focus on renewable energy drive the laminated busbar market during the foreseen period. Rolled busbars are widely employed in power electronics and silicon carbide applications. The growing adoption of electric vehicles, hybrid electric vehicles, and motor powerplants is driving a growing call for electric batteries. These factors are predicted to drive the end-user sector of the rolled busbar industry throughout the foreseen period. Laminated Busbar Market. Global Flare Monitoring Market. The flare monitoring market was valued at USD 760.4 million in 2020 and is predicted to reach USD 1251.1 million in 2025, with a CAGR of 8.74% between 2020 and 2025.
The requirement for monitoring systems Flare tracking is primarily driven by stringent environmental regulations, the benefits of direct flare monitoring systems, and a continued expansion of the oil and gas and petrochemical industries. The flare monitoring system is the ability of the system to detect the level of thermal radiation and the size of the flares generated by the industry. There is always a need to reliably monitor outbreaks to minimize the risks associated with large outbreaks.
Burning can occur in the petrochemical, oil and gas, or other manufacturing industries due to equipment testing, unit failure, or unfortunate circumstances. The burning of gas contributes to climate change and also has an impact on the environment through the emission of CO2, black carbon and other harmful pollutants. Restraints: Wireline Logging Services Market. The global wireline logging services market is predicted to reach $ 25.46 billion in 2019, with a CAGR of 10.3% between 2020 and 2025. Countries in the Asia Pacific and Africa have a call for the latest and greatest logging services for open and closed wells.
Therefore, these regions are predicted to experience the highest expansion in the next five years. The outlook for fixed line logging services in the oil and gas industry is surprising given the increase in productive activity in the industry. Fixed line services continue to increase in the oil field due to the escalating cabling needs of oil and gas hydraulic fracturing firms. Packaged Substation Market. The global packaged substation market is predicted to be valued at USD 6.28 million by the end of 2020. It is likely to garner a CAGR of 10.73% during the foreseen period. A one-piece substation system is a combination of a ring main unit, a transformer, and a low-voltage panel. These substations are customized according to customer requirements.
The integrated substation is widely employed for the distribution of electrical power in medium voltage to low voltage systems. It is suitable for buildings, infrastructure and other industrial applications. Size, Trends, Forecast. The global HVAC motors market is foreseen to arrive at USD 19.5 billion in 2025 from USD 13.1 billion in 2020. Manufacturers introduce the printed circuit board stator in HVAC motors for motors to provide a superior durability and performance, improved performance in IoT deployments, R&D to transform the size and weight of HVAC motors is escalating.
With the automotive industry predicted to dominate the HVAC motor market, in terms of value and volume, start-ups are gaining experience in reducing the complexity and size of electric powertrains. HVAC (heating, ventilation and air conditioning) is the technology for controlling and monitoring indoor environments and vehicles. Wellhead Equipment Market. The global wellhead equipment market is predicted to reach USD 7.42 billion by 2025, with a CAGR of 3.48%. Wellhead equipment provides pressure joints and a suspension point for the carcass strings.
Size, Trends, Forecast. The global marine VFD market is predicted to reach USD 1,038.5 million by 2025 from an estimated USD 771.9 million in 2020, at a CAGR of 6.51% during the foreseen period. This expansion can be attributed to factors such as lower energy costs, longer equipment life and lower maintenance, as well as the expansion of the shipbuilding industry. LNG Bunkering Market. Switchgear Monitoring Market. Hydropower Turbine Market. Downhole Cables Market. Downhole cables are different types of cables employed in oil and gas production activities, designed to withstand extreme temperatures and pressures that are designed according to customer needs. pressure measurement, among other things, within a drilled well. Cables are employed to record data such as downhole pressure and temperature, to provide torque and power to downhole equipment such as drilling and motor, transmit drilling information such as rate of penetration (ROP), mud weight, ring pressure, and other information.
Downhole cables are widely employed in the oil and gas industry because their unique construction of downhole cables allows them to be employed in harsh environments. Solar Hybrid Inverter Market. The global solar hybrid inverter industry size is predicted to reach USD 12,827.5 million by the end of 2025, from a predicted value of USD 7,632.1 million, with a CAGR of 9.82% in the foreseen period.
Micro Battery Market. Fault Current Limiter Market. The global fault current limiters market is predicted to grow from around USD 3.6 billion in 2020 to USD 5.8 billion in 2025, with a compound annual rate of 9.5%. Water Cut Monitors Market. The global water cut monitors market size is expected to reach $ 241 million by 2025, from about $ 188.9 million in 2020, with a CAGR of 5.1% during the foreseen period.
Growing call for real-time monitoring devices, escalated investments in developing additional refining capacity, and escalating import and export business are factors that are driving the market for Power Cut off Monitors water. Submarine Battery Market. Power Monitoring System Market. Digital Water Solutions Market. Pneumatic Components Market. Hydraulic Components Market. Clean Coal Technology Market. Wind Turbine Brakes Market. Residential Solar Energy Storage Market size , growth -2020. Portable Power Station Market.
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