Solar Water Heater Market In-Depth Analysis & Global Forecast to 2027
Market Highlights:
The global solar water heater market is expected to grow at ~ 8.50% CAGR during the forecast period.
Solar water heater is a device which provides hot water for industrial, commercial, and residential applications. A solar water heater comprises an array of collectors to collect and store solar energy. There are mainly three types of solar collectors that are used in residential applications such as flat-plate collector, evacuated tube collector, and unglazed water collector. Solar water heater is majorly used to save energy bills. Moreover, the domestic and commercial consumers are entitled to claim renewable heat incentive for generating heat energy.
Based on application, the market is segmented as residential, commercial, and industrial. Residential segment is estimated to dominate the market during the forecast period due to the increasing demand for energy efficient water heater and rising investment in construction activities. The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the type, the market is segmented as pumped and thermosyphon. Thermosyphon accounts for largest share in the solar water heater market due to affordable pricing and convenient usage.
Key Players:
The key players of the global solar water heater market are Rheem Manufacturing (US), A.O.Smith (US), SunTank (South Africa), Bradford White Corporation (US), Bosch (Germany), Honeywell Corporation (US), Racold (India), Alternate energy Technologies (US), Viessmann Manufacturing (US), and Wagner Solar (UK), among others.
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Market Research Analysis:
Asia Pacific accounts for the largest market share in the Solar Water Heater Market
Region wise, Asia Pacific held the largest market share of the global solar water heater market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in renewable energy sources and high demand for solar water heaters by the residential and commercial complexes. The solar water heater market would be mainly driven by the favorable government regulations against greenhouse gas emissions.
Scope of the Report
This report provides an in-depth analysis of the global solar water heater market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the solar water heater market by its type, collector type, application, and by region.
- By Type
- Pumped
- Thermosyphon
- By Collector Type
- Evacuated Tube Collector
- Flat Plate Collector
- Unglazed Water Collector
- By Application
- Residential
- Commercial
- Industrial
- By Regions
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South Africa
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About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
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Electric Traction Motor Market Set for Massive Progress in the Nearby Future
Market Overview
Electric traction motors are used for vehicles or systems which are electronically powered. They have high torques, which helps in providing the required propulsion when a system starts to move. As the demand for cleaner transportation increase, the demands for such motors is also increasing. The major industry using electric propulsion motors is the railways, due to high investments in structural expansions and demands for efficient alternates. Also, the rising environmental concerns regarding carbon emissions have provided an essential boost to this market and will keep it driving to longer durations.
Compared to alternates, these motors require less maintenance, which makes them efficient in terms of costs. After observing the features of electric traction motors, the authorities are now emphasizing the use of cleaner and efficient substitutes for which they are readily investing in advancing the railways and other public transportation. Also, the rise in crude oil prices and increasing pollution levels have provided an essential boost to this market.
Apart from the uses and features, the global electric traction market is facing challenges against the unstable raw material prices and high prices of the motor, which has restrained the market growth. This report will shed light on the competition, opportunities, drivers & restraints, and other factors affecting the local and global electric traction motor market. The global market is anticipated to register approximately a 19 % annual growth during this period.
Regional Classification
Electric traction motor has gained global adoption worldwide due to the rapid rise in pollution levels, an increase in government initiatives, and demands for better alternates. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global electric traction motor market. The Asia Pacific region is leading the market due to the vast population covers, demands for better alternatives, rapidly expanding automotive industry, expanding railway network, rise in per capita incomes, rapid urbanization, and other factors. The rapidly developing economies of this region, like China, India, and Japan, are among the major contributors to this market and will provide endless opportunities in the future.
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Industry News
The global electric traction motor market has become prominent recently as the demands for better alternates are increasing. The railways and 200 KW power rating segments will lead the market with the highest growth rates. The global market is led by the Asia Pacific region and will stay at the top with rapidly developing economies like China, India, and Japan among the major contributors.
Market Division
The global electric traction motor market is segmented into classes as follows:
The global electric traction motor market is segmented by alternating current (AC) and direct current (DC) based on the battery types.
The global electric traction motor market is characterized by 200 KW, 200 KW to 400 KW, and more than 400 KW based on battery power rating.
Based on applications, the global electric traction motor market is segmented among railways, elevators, machinery, electric vehicles (EVs), and others.
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About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
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Digital Oilfield Market Set for Massive Progress in the Nearby Future
Market Overview
In this digitally sound world, the demands for technologically advanced techniques are increasing the lightning speeds. Similarly, the oil & gas industries are also upgrading their systems, which boost the digital oilfield market. This market includes advanced software powered systems that are helpful in effective data analysis and storage. Digitally empowered systems are capable of increasing productivity, efficiency, and profit for the market players. With the increasing digitalization, data production has also increased, which has surged the demand for better data processing units to separate the data from big data.
This technology is a combination of artificial intelligence (AI) and sensors, which helps monitor and real-time assistance of several conditions. One of the primary factors empowering this market is the rising needs for remote management, as the large transmission lines require real-time surveillance to ensure safety from any unexpected disaster. The digitalization of oilfields has helped decrease the expenditures, as it requires a limited workforce and potential dangers from human-related errors.
Apart from the uses and features, the global digital oilfield market is vulnerable to cyber-attacks as it is a software-powered system, which is hindering the global market with the rising breach incidents. This report will shed light on the competition, opportunities, drivers & restraints, and other factors affecting the local and global digital oilfield market. The global market is expected to register nearly a 06 % annual growth rate during the survey.
Industry News
The global digital oilfield market has gained pace recently due to increasing demands for effective monitoring activities in supplies and drilling activities. This market has helped the oil & gas industry increase profits and save them from any untimely accidents. The global market is led by the North American region and will stay at the top during this period. The production sector will be the leading segment in this market.
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Regional Classification
The digital oilfield has gained global adoption due to the rapid increase in offshore resource exploration activities and demands for effective surveillance systems. The Asia Pacific, North America, Europe, and the rest of the world are the major market studied for the global digital oilfield market. The North American region is leading the market due to the rapidly expanding oil & gas industry, increasing research & development activities, presence of key market players, vast population, rising awareness, demands for advanced alternatives, increasing exports, and other factors. The Asia Pacific region follows this region due to the expanding automotive industry, vast population covers, rise in disposable incomes, rapid urbanization, and other factors with rapidly developing regions like India and China among the major stakeholders.
Market division
The global digital oilfield market is segmented into classes as follows:
The global digital oilfield market is segmented into hardware, software, services, and storage based on types of solutions.
The global digital oilfield market is segmented into production optimization, reservoir optimization, drilling optimization, and others based on types of process.
Based on applications, the global digital oilfield market is segmented into offshore and onshore activities.
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About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
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Transformer Market Opportunities, Comprehensive Analysis
Market Scenario
Market Research Future (MRFR), in its latest transformer market 2020, reveals different governing factors of the market. An in-depth study of the impact of COVID 19 on the transformer market is supplemented with the report. As per MRFR study, the expansion of the transformer market can thrive at 7.43% CAGR across the forecast period. The increase in the transformer market value from USD 39,316.8 Million to USD 64,514.9 Million from 2017 to 2023 is observed. The rise in application of transformer in diverse subject area can bolster the rise of the market across the analysis period. The increase in need for distribution transformer and power transformer can promote the expansion of the transformer market across the analysis period. The increase in the application of transformer in renewable and non-renewable energy market can support the expansion of the market across the analysis period. In recent years, the rise in the need for effective distribution of electricity power via reduction of current ampere and surge in voltage can impel the expansion of the market in the years ahead. The increase in the power supply to end-user can also impel the rise of the market across the study period.
Regional Analysis
The transformer market trends are studied across Americas, EU, APAC, and MEA. In America, the robust economies can rise support the rise of the regional market. The presence of high generating capacity via high investments in resources of renewable energy can spur the expansion of the market in the years ahead. In EU, the rise of the transformer market is attributed to the presence of numerous scope in the electrical sector. The growing grid expansion, along with expansion of electrical lines, cross-border can drive the rise of the market in the years to come. In Asia Pacific, the rise of modernization and improvement in the existing distribution infrastructure can promote the rise of the transformer market across the years to come, states MRFR analysis.
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Key Players
Crompton Greaves Ltd. (India), Mitsubishi Electric Corporation (Japan), Eaton Corporation plc (Ireland), ABB Ltd., (Switzerland), Schneider Electric (France), Siemens AG (Germany), Toshiba Corporation (Japan), Hyosung Power & Industrial Solutions (South Korea), Bharat Heavy Electricals Limited (India), and SPX Transformer Solutions, Inc. (U.S.) are some notable players in the transformer global market as profiled by MRFR.
Segment Study
The segment evaluation of transformer global market is based on power rating, cooling type, end-user, and type, insulation.
The cooling type based segments of the transformer market are Oil-Cooled Transformer and air cooled transformer. The oil cooled transformer segment can garner USD 22,493.1 million revenue at 7.68% CAGR in the forecast period.
The power rating based segments of the transformer market are small, medium, and large. The Small Power segment can generate about USD 17,881.3 million at 7.57% CAGR across the forecast period.
The type based segments of the transformer market are distribution transformer and power transformer. The power transformation segment can rise at 8.55% CAGR in the forecast period and value at USD 19,540.5 million in the years to come.
The insulation based segment of the transformer market are dry typed and liquid immersed. The Liquid-Immersed segment can thrive at 7.61% CAGR through the analysis period. The segment can value at USD 23,039.7 Mn by the end of the review analysis.
The End-User based segments of the transformer market are industrial, residential, utility, and industrial. The utility segment can expand at 7.79% CAGR in the study period. The utility segment can generate USD 16,938.5 million in the review period.
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About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
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Solar PV Tracker Market In-Depth Analysis & Global Forecast to 2027
Market Scenario
The report published on the solar PV tracker market by Market Research Future (MRFR), sheds light on the influence of coronavirus on the market and other factors that impact the market dynamics. As per MRFR study, the world solar PV system market can rise at 18% CAGR in the study period (2017 to 2023). The rise of the solar PV tracker market can be credited to the rise in the installation of solar power systems in different regions.
The growing desirability of solar PV trackers to meet the rise in energy requirement can promote the adoption of the solar PV tracker market across the globe. Advantages offered by solar PV tracker, such as improved feed-in-tariff rates and cost cutting can promote the expansion of the market. The rapid replacement of conventional power generation sources by solar PV tracker system can impel the expansion of the market. Solar PV tracker offers extra efficiency of about 15% to 30% in operations. This can improve the impetus of the world solar PV tracker market.
On the downside, the high installation price and maintenance expense can limit the expansion of the market. In recent times, the growing preference for effective solutions over considering the expense criteria while making purchase decision can counter the market slow-down in the years to come.
Key Players
MRFR recognized some reputed solar PV tracker marketers. They are; Arctech Solar (India), Convert Italia (Italy), Exosun (U.S.), First Solar (U.S.), SunLink (U.S.), Ideematec (Germany), NClave (Spain), Grupo Clavijo (Spain), PV Hardware (U.S.), Mahindra Susten (India), Solar Steel(Spain), NEXTracker (U.S.), Sun Action Trackers (U.S.), Scorpius Trackers (India), Soltec(U.S.), STi Norland (Spain), and SunPower (U.S.).
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Segmental Outline
The segment study of the solar PV tracker market is based on power generation type, tracking control systems type, end-use industries, and tracking system type.
The dive system based segments of solar PV tracker market are active and passive. The power generation type based solar PV tracker market segments are concentrated solar thermal, solar PV, and CSP. The CSP segment can gain high traction for the market. The CSP segments are dish or engine type, linear Fresnel, and power towers. Concentrated solar thermal systems are observed to experience high desirability due to its efficacy in settling domestic water heating and in the generation of steam requirements. The tracking systems type based, solar PV tracker market segments are dual axis tracking systems, single axis, and fixed tilt. The dual axis tracking systems segment can dominate the market in the assessment period, as applications of dual axis tracking systems rise. The large scale installation of active tracking systems can propel the solar PV tracker market.
Regional Analysis
The flourishing energy industry in the Asia Pacific is expected to generate numerous growth opportunities for the solar PV tracker market. The decline in natural energy resources, such as oil and coal, and other fossil fuel is generating tremendous growth scope, as the need for alternative source of energy increases. The increase in solar PV systems demand in the APAC region can support the expansion of the market here. In the North America region, the solar PV market is likely to experience a fast-pace expansion in the years to come. Technological advances in this region are likely to back the rise of the solar PV tracker market in North America. The high installations of solar PV systems can promote the expansion of the market in the region. In Europe, the expansion of the solar PV tracker can be attribute to the presence of robust energy supporting infrastructure in the region.
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About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
Contact Us:
Market Research Future
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Blockchain in Energy Market In-Depth Analysis & Global Forecast to 2027
Market Insights
Market Research Future said a surge in the digitization of systems in prime regions has helped global blockchain in the energy market is pushing net profit from USD 180.3 Mn in 2017 to more than USD 5,000 Mn by 2023 with the higher growth rate. The entire study has been conducted amidst Coronavirus that has shut down the world economy. Like other industries, the global blockchain in the energy market has also been impacted due to deadly virus outspread. Yet, with some prevalent factors, the market is foreseeing a fruitful future, which is calculated to be from 2016-2023.
Segment Review
The blockchain in energy market assessment based on technology type covers closed blockchain, open blockchain, hybrid blockchain and consortium blockchain.
By the segment of platform type, market analysis has included hyper ledger, ethereum, interbit and tender mint.
By the segment of implementation type, key segments included are development platforms, service & solution, and industry-specific.
End-use industries segment in the market included renewable energy, power & utilities, and oil & gas.
By application segment, the market covers energy trading, grid management, payment schemes, control & security, logistics and supply chain.
Regional Framework
The U.S. blockchain in the energy market is probable to observe the growth of over USD 400 million by 2025. The potential to transform the fundamental structure of the energy industry and microgrids to assist peer in peering energy trading in an immutable and secure way will persuade the product installation. In the case of point, the Brooklyn Microgrid was introduced in 2016 that aimed towards enabling residents to buy and sell power straight through maintaining a secure ledger of energy asset possession.
The market in Germany is likely to expand at a fast pace owing to the rising complication in power and shifting focus toward the adoption of smart grids. As per the European Commission, currently, 308 smart grid projects are holding an investment of USD 2.43 billion. Moreover, rising investment from energy start-up companies, along with upward funding activities, will strengthen the industry landscape. In fact, Government incentives toward the adoption of renewable power generation accompanied by favourable regulatory policies to promote the technology adoption are also set to augment the product installation.
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Vendors Landscape
Global Blockchain in the energy market and its vendors’ list contains the names of WePower UAB, Power Ledger Pty Ltd, Grid +, LO3 Energy, Inc, The Sun Exchange (Pty) Ltd, BTL Group Ltd., Enosi Foundation and Electron (Chaddenwych Services Limited) and Conjoule GmbH.
Blockchain in Energy Growth & Drivers
Positive outlook toward digitization of systems with the rising fixing of smart meters in regions is set to encourage the blockchain in the energy market. Decentralized energy systems, besides widespread adoption of smart management & control systems to execute advanced communication are also probable to complement the industry outlook in the future.
MRFR also finds that rapid development in the Renewable Energy Sources (RES) owing to the privatization of the energy sector together with government initiatives for electricity conservation is actively augmenting the product installation at a faster rate. In the case of point, in the year 2018, RES contributed 40% of the total electricity production in Germany that boosted the blockchain in the energy market to a great extent.
To add further, the increasing focus toward energy utilities in exploring hidden benefits of the technology for low-carbon transition and sustainability is also reported to stimulate the blockchain in the energy market. Reducing dependency on fossil fuels coupled with rising independence of local grid from outside energy sources in the long term, is probable to motivate the industry scenario. In fact, stupendous investment in numerous innovative projects ranging from solar systems for electric vehicles charging & e-mobility has been outstandingly boosting the adoption of blockchain in the energy market.
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About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
Contact Us:
Market Research Future
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Pune - 411028
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Combined Heat And Power Market Segmentation, Market Players, Trends and Forecast 2027
Overview
The combined heat and power (CHP) market is anticipated to grow rapidly growing at a CAGR of 6.94% during the forecast period 2017 to 2023. The global combined heat and power (CHP) market is driven by increasing deployment of combined heat and power (CHP) technologies and positive indications from governments. These factors have helped shape the combined heat and power (CHP) market and are expected to boost the growth. Companies in the combined heat and power market could also face challenges such as need for both hot water and electricity at production sites. The details covered in the combined heat and power (CHP) market report cover all the aspects of the industry. Analysts studying the combined heat and power (CHP) market have also shared growth projections in the report and have suggested combined heat and power (CHP) market players to plan business strategies accordingly.
Market Segmentation
The global combined heat and power (CHP) market has been segmented based on fuel, technology, application, and type. On the basis of fuel, the market for combined heat and power (CHP) is segmented based on natural gas, coal, biomass and others. Additionally, the market on the basis of technology, is segmented into combined cycle, steam turbine, gas turbine and others. The global market for combined heat and power (CHP) is also covered based on the application segment which is further split into large scale and small scale. On the basis of type, the market for combined heat and power (CHP) is segmented based on residential, commercial and industrial.
Factors like growing awareness about CHP as well as need for energy efficiency support the combined heat and power (CHP) market growth. The performance of the combined heat and power (CHP) market has also been studied for the past and current years. Additionally, the combined heat and power (CHP) market report provides analysis of these segments. The combined heat and power (CHP) market segmental analysis provided in the report offers major details about the combined heat and power (CHP) market based on the data and forecasts till 2023.
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Competitive Landscape
The combined heat and power (CHP) market is supported by government incentives to promote cogeneration. The population growth around the world and increasing demand of combined heat and power (CHP) market based services and products also support the market growth. However, the combined heat and power (CHP) market growth can be affected due to restricted production process. The report covers all such details which will help companies in the combined heat and power (CHP) market to strengthen their business plan and improve their product portfolio. The combined heat and power (CHP) market research report also provides company profiles of major companies. The company profiles of many organizations operating in the combined heat and power (CHP) market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the combined heat and power (CHP) market. New companies and established businesses can plan their strategies based on this data provided in the combined heat and power (CHP) market research report.
Regional Overview
Companies in the combined heat and power (CHP) market are spread across the world. The combined heat and power (CHP) market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American combined heat and power (CHP) market has many companies across the United States, Canada, and Mexico. The combined heat and power (CHP) market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the combined heat and power (CHP) market can be found in the market research report. Europe has companies in the combined heat and power (CHP) market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the combined heat and power (CHP) market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Industry News
New Fortress Energy (NFE) has signed a consent solicitation to acquire Hygo Energy Transformation (Golar Power) and Golar LNG Partners (GMLP) as Brazil's largest gas-to-energy group. Hygo is estimated at US$3.1 billion in corporate capital and US$2.18 billion in equity, while Golar LNG is valued at US$1.9 billion in corporate value and US$251 billion in common equity.
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About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
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Pune - 411028
Maharashtra, India
+1 646 845 9312
