Demand for Liquefied Natural Gas on the Rise Due to Environmental Benefits, Ease of Handling

Natural gas causes half the amount of pollution as that of coal for power generation, which makes it an increasingly popular energy source. In the liquid state, natural gas can be stored and transported over long distances, which contributes to expanding the supply and enhance energy security in the long run. Liquefied natural gas accounts as the main alternative to piped gas for regions or countries that are not connected by pipelines.

The liquefied natural gas (LNG) industry though relatively new, now is an indispensable part of the global energy market, says a new report from Transparency Market Research. Liquefied natural gas trade has increased exponentially in the last two decades and is expected to double in the forthcoming years.

Q. How economical is the use of LNG in place of natural gas?

A. The use of LNG in place of piping natural gas has high-cost implications. This is mainly related to the special terminals required for the liquefaction and regasification processes. The construction of specialty infrastructure is very expensive, which is the reason for their limited number across the world. According to the International Gas Union, currently only 28 countries across the world have regasification terminals, although some more are under development.

Q. What is the demand scenario of LNG in Europe?

A. The LNG market in Europe is characterized by decline in the domestic consumption and an even more rapid decline in domestic production. Due to the recent economic slump, the region is largely dependent on imports, which is likely to increase in the near term and in the long term. Other than this, the recent drop in gas prices complemented with their abundant supply and a weak global economy has led to the diversion of LNG supplies to Europe. 

Research Report: http://www.transparencymarketresearch.com/liquefied-natural-gas-market.html

As per the estimates of the International Energy Agency and the European Commission, this trend is expected to continue in the forthcoming years. The emergence of new LNG suppliers and the increasing probability of U.S. shale gas being exported as LNG will further reshape the energy landscape in Europe.

Q. What are the advantages of LNG in the industrial sector?

A. The use of LNG as an operational fuel across a host of industries offers numerous advantages. Industrial processes require significantly large quantities of distillate fuels, thus the transition from conventional fuels to LNG can help in significant capital saving for industries. The use of LNG for various industrial equipment such as drilling equipment, mining equipment, and industrial boilers is cost-effective and is emission-free. In many parts of the world, governmental regulations mandate the use of LNG in the industrial sector to curb greenhouse gas emissions.

Q. How has the Panama Canal Expansion Program benefitted LNG trade?

A. In a significant industry development, the U.S. has shipped its first LNG cargo via the expanded Panama Canal. The use of this canal has reduced the distance between export plants located along the Gulf of Mexico and Asia from 16,000 miles to 9,000 miles. The Maran Gas Apollnia tanker of Royal Dutch Shell that was loaded at the Sabine Pass LNG export plant of Cheniere Energy located in Louisiana is scheduled to arrive at the Panama Canal on July 25, 2016. This opening of this trade route will add a new dimension to the LNG export capacity of the U.S.

IMO Regulations and Government Efforts to Encourage Usage of LNG as a Bunker Fuel across Shipping Industry

An Increasing number of ships and vessels are using liquefied natural gas or LNG as a clean fuel to comply with the regulations laid by the International Maritime Organization (IMO) across emission control areas. LNG as a ship fuel reduces the emission of sulphur dioxide by 90-95% compared to the conventional petroleum fuels. This factor has propelled the growth of the global LNG bunkering market. The market stood at 70 kilo tons in 2013 and is anticipated to expand phenomenally at a CAGR of 63.6% during the period between 2014 and 2025. The overall market is projected to reach 22,540 kilo tons by 2025.

What are the key factors hindering the expansion of the global LNG bunkering market?

The lack of LNG fuelling infrastructure across the major bunkering destinations is one of the primary factors impeding the growth of the LNG bunkering market worldwide. The high cost of building LNG fuel ships has slowed down their adoption among the shipping companies. Furthermore, the storage of LNG at low temperature of about -162 degree Celsius poses as a key challenge to its usage as a marine fuel. The necessary additional safety measures for the storage of LNG increases the cost of production and designing of LNG-fuelled vessels. As a result, a number of shipping companies are resorting to alternative approaches to meet the IMO regulations. 

Research Report: http://www.transparencymarketresearch.com/lng-bunker-fuel-market.html

How is the LNG bunkering market across Asia Pacific evolving?

In Asia Pacific, South Korea and China are among the key countries that are investing significantly on LNG as a bunker fuel. Countries such as Singapore are fast adopting LNG as a sustainable alternative source of fuel in the maritime industry. The Maritime and Port Authority of Singapore has recently announced the extension of the Green Ship Programme (GSP) incentives to ships that are using LNG as fuel. The Singapore government is taking efforts to cut down the emission of sulphur and carbon dioxide. The GSP has been started to encourage the domestic maritime industry to contribute towards the conservation of environment.

Under this programme, Singapore-flagged ships are entitled to reduction in initial registration fees and tax rebate on annual tonnage. With this effort, over 50% of the ships qualified for the programme have exceeded the present Energy Efficiency Design Index set up by the IMO.

On the other hand, the Indian government is trying to reduce carbon emissions without extra operating costs. The Ministry of Shipping has announced that Petronet LNG Ltd. will be working with the Inland Waterways Authority of India to develop the operation of LNG barges on the river Ganga by December 2018. All these recent developments are expected to immensely support the adoption of LNG as a bunker fuel in Asia Pacific.

Offshore Wind Energy Installed Capacity to Reach 52,120.9 MW by 2022 owing to Favourable Regulatory Environment across Europe

The growing focus on renewable energy and the advantages offered by offshore wind energy over its onshore counterpart have led to greater installations of offshore wind energy. Favourable regulatory framework, incentives, and investments by key market players have further supported the market’s growth. The global installed capacity in the offshore wind energy market is anticipated to expand at a CAGR of 25% during the period between 2014 and 2022 to reach 52,120.9 MW by 2022.

How is the offshore wind energy market in Europe shaping up?

In Europe, countries such as the U.K., France, Germany, Netherlands, and Denmark are the pioneers in the offshore wind energy market and hence, Europe is the largest market for offshore wind energy. In 2013, the region reported 1,567 MW of new capacity additions in the offshore wind energy market. Germany holds about 30% of the consented offshore wind farms in Europe and has emerged as one of the leading offshore wind energy markets.

Due to the new Energy Act of 2013 and Electricity Market Reform Package, the U.K. has been the prominent market for offshore wind energy. Changes in subsidy and uncertainty over Britain’s vote to leave the European Union have spelled long shadows over the growth of the domestic offshore wind industry. Investors are worried regarding future incentives and export duties that would impact the growth of the offshore wind market in the country. 

Research Report: http://www.transparencymarketresearch.com/offshore-wind-energy-market.html

According to the Renewable UK, Britain’s renewable energy industry body, the offshore wind market in Britain is expected to reach a valuation of US$27 bn during the period between 2010 and 2020. Currently, Britain has a capacity of over 5 GW whereas Germany has 3.4 GW of installed capacity. However, in the aftermath of the recent events, offshore wind energy projects in Britain are being delayed. For example, Siemens is reconsidering plans to expand its manufacturing plant in the port of Hull across northeast of England.

Why are the key players in global offshore wind energy market focussing on Asia Pacific?

Some of the major players in the global offshore wind energy market are Nordex, Suzlon, China Ming Yang Wind Power, Dong Energy, Sinovel Win, Gamesa, Vestas, GE Wind Energy, and Siemens. Though Europe is the leading region in the market, the key players are channelizing their efforts in expanding their business across Asia Pacific. The developing countries in Asia Pacific are registering an ever increasing demand for electricity and the offshore wind energy market has immense potential to grow across the region.

Presently, China is the only country with separate target allotment regarding offshore wind energy installations. The country has over 18,000 sea miles of coastline and hence, offers broad development opportunities for offshore wind projects. Companies are establishing joint ventures to tap on the opportunities in the China offshore wind energy market. For example, Singapore-based Ezion Holdings Ltd. has partnered with Sinotrans & CSC Holdings Co. Ltd. to support offshore wind power installation projects in China.

Global Integrated Waste Management for Offshore Industry Gains Significant Impetus from Favorable Government Policies

The rapidly increasing volume of solid and hazardous waste resulting from persistent economic growth, industrialization, and urbanization has emerged as a burgeoning problem demanding effective solutions from both national and local governments. Sustainable waste management solutions are therefore considered imperative to ensure the well-being of the population. Integrated waste management is a systematic approach designed to manage industrial, community, and institutional waste streams. Integrated waste management (IWM) includes developing systems to ensure resource recovery, positioning of facilities, and implementation of policies and practices aimed at waste reduction.

Emerging nations in particular are faced with an uphill challenge of properly managing waste. These nations are mainly focusing their efforts on generating sufficient funds for waste management. Experts suggest that if the majority of waste generated in these countries is diverted for resource and material recovery, a substantial reduction in final volumes of waste seems possible. Furthermore, recovered materials could be used for generating revenue to fund their waste management endeavors.

Q: How is the market benefiting from its regional segments?

A: Regionally, the global integrated waste management market for offshore industry is spread across Europe, Asia Pacific, North America, and Rest of the World. Some of the most lucrative markets for integrated waste management include Mexico and the U.S. The rising offshore operations in the Gulf of Mexico have significantly spurred the demand for integrated waste management in the U.S. and Mexico. 

Research Report: http://www.transparencymarketresearch.com/integrated-waste-management.html

In the European region, the U.K., Russia, and Norway have emerged as the most attractive markets for integrated waste management. The huge oil and gas reserves in the North Sea has stimulated exploration and production activities in Norway and the U.K. in Europe. This has translated into an increased demand for efficient integrated waste management. Furthermore, the Europe market is also gaining impetus from the implementation of stringent regulations by governments on the disposal of drilling fluids.

The market is also expected to considerably gain from the increasing offshore drilling activities in the emerging economies of Asia Pacific such as China and Indonesia. Besides this, developing nations in Latin America and the Middle East such as Venezuela, Brazil, and Iran also exhibit lucrative opportunities for the integrated waste management market.

Q: How are developed and developing nations trying to curtail waste disposal by industries?

A: The governments of developing nations are leaving no stone unturned to tackle the mounting concern of waste management. For instance, the government of India has recently launched a web-based application to help industries dealing with hazardous waste to seek online permission for the export and import of certain categories of waste used for recycling.

Abu Dhabi (EAD) in association with the Center of Waste Management had recently organized an introductory session on integrated waste management legislative framework for the emirate. During this session EAD has formally announced its five-year plan to enforce policies and integrated regulatory framework to promote waste recycling, reduction, and recovery apart from enforcement management.

However in developed countries such as the U.S., the government does not specifically dictate waste disposal. Nevertheless, various requirements guide the disposal options selected by industries. Furthermore, discharging oil-based drilling fluids in the sea is prohibited in the country.

Apart from these, governments are also offering various incentives to industries in order to encourage them to participate in different stages of integrated waste management. This is intended to help the industrial community gain better awareness about the importance of waste management.

Growth of Global Wave and Tidal Energy Market Spurred by Demand for Power from Remote Locations

Bolstered by the recent advances, wave and tidal energy technologies are just beginning to reach their capability as potential commercial power sources. While only a few projects currently exist, the technology is fast exhibiting a huge potential for generating power in remote locations where drawing grid connections will neither be cost-effective nor viable. Wave and tidal energy comprises methods of harnessing power from ocean to generate energy. Owing to the abundance of ocean surface and substantial potential of generating energy across many nations, governments are impelled to pursue wind and tidal energy as an important part of the future renewable energy mix.

What factors are responsible for global wave and tidal energy market’s exponential growth?

A recent analysis by Transparency Market Research has revealed the global wave and tidal energy market to surge at 23.2% CAGR between 2016 and 2024. The report has pegged the market to reach US$11.3 bn by 2024 from a valuation of US$497.7 mn in 2014.

Around 200 companies worldwide are either partially or fully involved in the development of the renewable energy sector comprising wave and tidal energy. A majority of these companies are technology developers offering innovative energy converter devices. Since there is no dominant technology in the wave and tidal energy sector, both are considered to reap economies of scale thereby encouraging large-scale deployment of tidal stream power plants.

Currently, the cost of constructing wave and tidal energy power plants is exorbitant. However, vendors operating in the market are expecting major cost reductions in the future as the industry shifts its focus from prototype testing to a widespread deployment phase. Enterprises operating in the market are also expected to achieve economies of scale from the manufacture of energy converter devices and from the construction of on-shore grid connection infrastructure. Furthermore, the power plants will enjoy cost benefits from the sharing of fixed infrastructure. This will subsequently contribute towards the reduction of tariffs on electricity generation. These are the primary factors aiding the expansion of wave and tidal energy market.

What are the latest projects promising favorable prospects for global wave and tidal energy market?

Strong tidal currents have challenged sailors in the Pentland Firth, a strait that separates Northern Scotland from the Orkney Islands, for centuries. Some of this incredible marine energy is now being utilized through a project called MeyGen. In the summer of 2015, the Atlantic Group had begun the construction of submerged tidal turbines consisting of four three-bladed and seabed-mounted turbines. These turbines are expected to deliver 6 MW to grid by 2016 and power almost 3000 homes in Scotland. Furthermore, Atlantis intends to build 269 turbines capable of generating  over 398 MWs of electricity in the firth by the early 2020s, thus providing power to roughly 200,000 homes. 

Research Press Release: http://www.transparencymarketresearch.com/pressrelease/wave-tidal-energy-market.htm

Besides this, Oregon-based Northwest Energy Innovations has installed a wave energy conversion device off the coast of Hawaii in June 2015. The turbine has the capacity of extracting power from the horizontal and vertical motions of waves using high-pressure hydraulics. Furthermore, a 45-ton apparatus called Azura has been built in a test facility of the U.S. Navy located off the Kaneohe Bay on Oahu. This is a small experimental device exhibiting a capacity of only 50 KWs. Azura, however, is the first and the only grid-connected wave energy system in the U.S.

Globally, the construction of power plants to capture wind and tidal energy has been increasing at a robust pace. Such rapid proliferation of wave and tidal energy projects will prove lucrative for the market’s future.

Global Dye Sensitized Solar Cell Market: Perovskite Solar Cells Emerge as Next- generation Solar Cells

The growing demand for clean and renewable energy has boosted the demand from the global dye sensitized solar cell market. Solar energy is the most abundant, cost effective clean form of energy available and can be utilized for the generation of electricity. Dye sensitized solar cells, coupled with photovoltaic cells, is considered the third generation of solar technologies. The dye sensitized solar cell market has a significant scope of growth and hence, a number of players in the market are focusing on the development of advanced and cost effective technologies to tap the solar energy.

What are the recent developments in the global dye sensitized solar cell market?

The global dye sensitized solar cell market is witnessing extensive research and development activities by the key players. Recently, the development of perovskite solar cells has revolutionized the market. Researchers at the ÉcolePolytechniqueFédéralede Lausanne, Switzerland, are working on stretching the limits of perovskite solar cell performance and increasing their efficiency by 20%. The research team lead by Michael Graetzel has found that by briefly reducing the pressure during the fabrication of perovskite crystals, the performance of perovskite solar cells can be enhanced. Graetzel is already known for the development of transparent dye sensitized solar cells. This latest development holds significant potential for the global dye sensitized solar cell market. In fact, perovskite solar cells are being termed as the next-generation counterparts of dye sensitized solar cells. However, the safety issues regarding the lead content of perovskite solar cells need to be addressed.

Research Report: http://www.transparencymarketresearch.com/dye-sensitized-solar-cell-market.html

What are the key factors impeding the growth of the global dye sensitized solar cell market?

Issues pertaining to the performance limitations of dye sensitized solar cells have hindered the growth of this market. There is a marked difference between the best performances reported by dye sensitized solar cells;hence, the usage of dye sensitized solar cells for major outdoor applications is far-fetched.

A dye sensitized solar cell uses liquid electrolyte and this is another drawback of the design of this cell. At low temperatures, the liquid electrolyte could freeze and stop power production and cause physical damage. At high temperatures, the electrolyte will expand, leading to problems while sealing the panels. Furthermore, the liquid electrolyte contains volatile organic solvents and the leakage of the electrolyte during outdoor applications of the cell might prove hazardous.

Why Europe holds significant potential for the growth of the global dye sensitized solar cell market?

The global dye sensitized solar cell market has been dominated by Europe. The European Commission’s aim to reduce the reliance on fossil fuels has encouraged clean energy projects. Countries such as Denmark, Switzerland, Portugal and the U.K. are some of the pioneering countries in the field of clean energy. Furthermore, the introduction of the latest technologies and the extensive applications of portable electronics and building-integrated photovoltaic (BIPV) are anticipated to boost the market for dye sensitized solar cells in the coming days.

Global 3D Printing Gases Market: Rising Application Scope of 3D Printing Propels Market

In rapid prototyping and metal component production, a reliable and efficient production process is all-important. Additive manufacturing, commonly known as 3D printing, requires careful selection of industrial gases to ensure the quality of the final product. 3D printing requires high tolerance standards for which argon and nitrogen are commonly used to provide the inert atmosphere.

Q. What are the requisites of additive manufacturing processes?

A. Additive manufacturing gives the best results if the external environment is perfectly favorable. In metal additive manufacturing, the build-up of components in a controlled environment and minimizing the infiltration of impurities into the materials is of utmost importance. For example, the use of industrial gases such as argon and nitrogen creates an environment which is best suited for building metal parts use in the automotive and aerospace industries.

Q. Is the selection of gas important for 3D printing? Which gas best serves the need?

A. Yes, enormously. The selection of high-purity atmospheric gases is critically important for carrying out additive manufacturing. 3D printing involves the localized heating of metals; it thus requires a gas that can prevent oxidation of the metal and limit the impact of stresses during the reaction.

Argon provides the most inert atmosphere for the majority of 3D printing processes. In the manufacture of specialty metal powders employing gas atomization techniques, argon provides the highest degree of inertness possible in the atmosphere. Several 3D printing processes employ high temperatures, wherein oxygen and nitrogen react with advanced materials to form compounds that are detrimental to health. The inclusion of these detrimental oxides and nitrides could result in defects in the final product. 

Research Report: http://www.transparencymarketresearch.com/3d-printing-gases-market.html

Argon prevents oxidation of the metal and other reactions that can take place, thereby limiting the impact of stress during the process. Not only this, argon can be mixed with gases to form specialty blends as required.

Q. How is argon suitable for specialty 3D printing processes?

A. In specialty 3D processes such as selective laser melting (SLM), the effect of inert gas flow in the heating chamber creates a huge impact on the reproducibility of key attributes of the final product. For instance, in the construction of porous titanium components, the effect of gas flow impacts the porosity and compression strength of the metal powder. Hence, the flow of the gas in the chamber is related to characteristics of the manufactured parts.

The use of argon gas creates the perfect environment to carry out selective laser melting. The use of argon keeps a tight control on the atmosphere, which is free of oxygen. Using this process with considerably high amounts of argon, however, requires an oxygen monitor as a safety measure.

Q. What are the growth prospects of the 3D printing gases market in the future?

A. The use of 3D printing technologies across a host of applications holds promise for the 3D printing gases market. The medical sector is viewed as one of the early adopters of 3D printing with other industry sectors such as aerospace, automotive, architecture, and fashion expected to follow suit.

Environmental Sustainability of Industrial Biomass Boilers to Drive Global Industrial Biomass Boiler Market

Industrial biomass boilers are usually fired on wood pellets and wood chips instead of coal, oil, and gas to produce power and heat. These boilers are gaining popularity across a number of sectors due to the growing demand for bioenergy. The global industrial biomass boiler market is anticipated to expand robustly at a CAGR of 11.1% during the period between 2016 and 2025. The overall market was worth US$68.2 bn in 2015 and is projected to reach a valuation of US$193.1 bn by 2025. 

• What is the commonly used feedstock in industrial biomass boilers?

Wood deliverable remains the single-largest feedstock for heat and power generation through biomass. Other commonly used feedstock inindustrial biomass boilers includes landfill residues, agricultural residue including high energy crops such as miscanthus, maize, and willow. The increasing utilization of biomass, including plant and manure materials to generate electricity will significantly help in the conservation of non-renewable sources of energy. Thus, the installation of biomass power plants will help in attaining climate policy objectives. 

• Which are the key regions that hold immense potential for the growth of the global industrial biomass boiler market?

The usage of biomass as an energy source has a number of environmental and economic advantages. While the developed economies across Europe and North America are fast realizing the importance of industrial biomass boilers and are framing policies targeted towards affordable and green energy, the developing nations in South and Central America, Asia Pacific, and Africa are largely untapped regions in the global industrial biomass boiler market. 

In Asia Pacific, Singapore is among the pioneers in waste management. Recently, Mitsubishi Heavy Industries and Hyflux, a Singapore-based water company, have secured loans worth US$473 mn to develop a waste to energy plant. The TuasOne plant is anticipated to generate 120 MW of energy by processing 3,600 tons of waste per day. In the plant, biomass steam boilers will be fuelled by industrial and commercial waste to generate electricity.  

• How is CHP production defining the future outlook of the global industrial biomass boiler market?

The key application areas of industrial biomass boiler include industries such as breweries, pulp and paper, sawmills, power generation, CHP production, and others. CHP production has majorly driven the demand from the global industrial biomass boiler market since 2014. 

Combined heat and power generation is the key to building a greener economy. As a result, governments are focussing more on CHP production. For example, in Britain, the manufacturing sector consumes a large amount of heat from non-renewable resources. In an effort to make the U.K. economy greener, the Green Investment Bank and Equitix are investing funds worth £25 mn to build a plant for CHP production in the Wrexham Industrial Estate located in Wales. The plant is expected to generate 34 GWh of energy per year. The construction of such environmentally sustainable plants across nations will fuel the demand for industrial biomass boiler market.

High Purity Gases Market Driven by Increasing Scope of Application

High purity gases are used in several industrial processes for insulation, cooling, as well as illumination. High purity gases are concentrated forms of environmental gases such as nitrogen and oxygen or noble gases such as xenon. The high concentration ensures that the chemical properties of the gas in question are fully utilized in the application instead of being diluted by the presence of other gases. The reactivity of other gases in an adulterated mixture is also kept in check by the use of high purity gases.

Global High Purity Gases Market Driven by Increasing Number of End Users

The major end users in the global high purity gases market are the metal production and processing industries, the food and beverage industry, and the electronics industry. All three industries are flourishing currently, leading to a sustained high demand for high purity gases.

In addition to these, other end uses are also emerging in the global high purity gases market. The automotive industry has become a major end user of high purity gases in the last few years, aided by the rising demand from Asia Pacific. The healthcare industry, oil and gas industry, and chemical industry have also exhibited a rising demand for high purity gases in recent years and are expected to remain influential in the trajectory of the global high purity gases market in the coming years.

Research Report: http://www.transparencymarketresearch.com/high-purity-gas-market.html

Asia Pacific to Rise in Importance in Global High Purity Gases Market

At present, the global high purity gases market is dominated by North America. However, the rising industrial sector in emerging countries in Asia Pacific such as China and India is expected to be a major factor in the growth of the global high purity gases market in the coming years. The booming performance of the major end users of high purity gas in these countries is thus a promising sign for players in the global high purity gases market.

Bladeless Wind Turbines Market Receives Mixed Response

Bladeless wind turbines are not exactly new to the wind power industry, but the relatively recent innovation of a new design of bladeless turbines from Vortex Bladeless, a Spanish company, has the potential to transform the wind energy sector.

The global wind energy market has historically been dominated by bladed turbines, which used the force of the wind to turn blades connected to the generator. While this configuration of wind energy generation is highly efficient and has become a major part of the global energy mix in recent years, the top-heavy design of the conventional turbines leads to several problems. The heavy weight of the turbine at the top of the tall mast can be problematic in extreme weather conditions, and the high number of joints can lead to high maintenance costs.

The Pros and Cons of Bladeless Wind Turbines

In contrast, bladeless wind turbines do not have a specialized turbine at the top; instead, bladeless wind energy generators consist of a mast that oscillates in response to the vortices created by the obstruction to the wind’s flow by the mast. While vortices caused by wind are a problem in architecture, their inevitability has led to researchers coming up with a way to monetize them. Here’s a look at the major highlights of bladeless wind turbines:

• Bladeless wind turbines are less efficient than conventional wind turbines, but multiple bladeless wind turbines can be installed in the same area required for one conventional wind turbine. This increases the overall amount of power generated from the site.

• Bladeless wind turbines are claimed to be much less noisy than conventional wind mills. This will eliminate a major restraint on the usage of wind turbines in residential areas.

• Due to their lack of blades, bladeless wind turbines also pose no threat to birds.
 

• Due to their lack of moving parts, bladeless wind turbines entail less maintenance costs than conventional wind turbines.
 

• Despite their several advantages, bladeless wind turbines are a fresh development and are thus relatively untested. This is a major restraint on the global bladeless wind turbines market and more research is needed before the technology can be implemented on a large scale.

Research Report: http://www.transparencymarketresearch.com/bladeless-wind-turbines-market.html

Energy Conservation is Key to World’s Energy Usage Future; Global Advanced Energy Storage Systems Market Can Show the Way

The current market for bulk energy storage, for the most part, is being held by pumped hydroelectric power, and dams can provide the best example of energy storage so far. These are, however, conventional methods that have already been around for centuries. The current power consumption rate is not something that can be quenched by conventional means. And therefore, grew the need for advanced energy generation and storage methods. Advanced does not necessarily mean larger; it can also mean the implementation of systems and methods that are completely new to the market.

The answer to these three questions will make the current situation with energy storage and the global advanced energy storage market a lot clearer:

What Exactly Are the Advanced Methods for Energy Storage?

Modern and advanced energy storage methods differ from the conventional storage options in the sense that they can store energy that is directly useable as it is. Conventional storage options, such as hydroelectric power stations, store ‘energy’, or water, which is the source of potential energy, at a height. This water, when released, falls down through gravity to produce kinetic energy, which is then converted to electricity. 

Research Report: http://www.transparencymarketresearch.com/advanced-energy-storage-systems.html

Advanced energy storage is more than just a matter of where and how one can get energy. It is now a resource that is a major part of the economy. This makes the global advanced energy storage market an integral part of off-the-grid usage of electricity, which is the use of electricity at a location that may or may not have an existing electricity distribution infrastructure. From the perspective of technologies, the global advanced energy storage market can be segmented into compressed air energy storage, super capacitors, superconducting magnets, fuel cells, batteries, flywheels, and pumped hydro.

Is there Investment Interest in the Global Advanced Energy Storage Market?

There are many investors currently eyeing the global advanced energy storage market, owing to some of the more feasible energy storage options that are currently under development. And it’s not just private investors in the game – a large part of the global advanced energy storage market is currently being funded by government organizations. For instance, Beacon Power Corporation, a U.S.-based company, had received a grant of US$2.25 mn from the nation’s Department of Energy for work on their flywheel-based energy storage tech. On the other hand, one of the most sought-after technologies in the global advanced energy storage market currently is the pumped hydro energy storage technology. It is an excellent way to achieve peak power shaving and load balancing capabilities.

What Companies are Currently Involved in Advanced Energy Storage?

The list is not too long, but there are a significant number of key players that are dominating several segments of the global advanced energy storage market. The names include LG Chem Ltd., Hitachi, GS Yuasa Corporation, Valence Technology, The Furukawa Battery Co. Ltd., Toshiba Corporation, Exide Technologies, Nippon Chemi-Con Corporation, Enersys, Maxwell Technologies, China Bak Battery Inc., Electrovaya Inc., Energizer Holdings Inc., BYD Company Ltd., Altair Nanotechnologies Inc., and Active Power, Inc. These players are expected to dictate a large portion of the shares in the global advanced energy storage market for the coming years.

Centralized Wastewater Treatment: A Boon for Fracking Water Treatment Equipment Market

Fracking is the method of injecting water, chemicals, and sand at high pressure into tight rock formations to release the trapped fuel from within. When combined with drilling, hydraulic fracturing allows access to unrecoverable natural gas. However, the process of fracking not only requires millions of gallons of water, but also calls for the use of proper facilities to treat the wastewater generated during fracking.

Thus, wastewater treatment processes, which were until now mostly used in the food and beverage and industrial sectors, are now being used to treat the flow back water or the water produced from hydraulic fracturing operations.

As per a recent report published by Transparency Market Research (TMR), the global fracking water treatment equipment market is expected to expand swiftly in the years to come. TMR analysts answer a few questions related to the global fracking water treatment equipment market:

What would accelerate the growth of the global fracking water treatment equipment market?

The demand for oil and gas is directly related to the worldwide population and energy consumption. As per the International Energy Association (IEA), natural gas is expected to have an outstanding future, especially for shale gas and coalbed methane (CBM). This is expected to accelerate the growth of the global fracking water treatment equipment market in the near future.

Research Report: http://www.transparencymarketresearch.com/fracking-water-treatment-equipment.html

Ernest Moniz, the United States energy secretary, recently stated that the tensions between water and energy at oil and gas conferences are increasing resulting into rising importance of water in energy. Also, gallons of water are being used for oil and gas drilling procedures, which could reduce water levels and result in drought conditions. All this has driven the demand for fracking water treatment equipment and wastewater treatment devices. 

Are there any changing trends in the global fracking water treatment equipment market?

Yes, there are many changing trends expected to drive the global fracking water treatment equipment market in the near future. As per the International Energy Agency, by 2035, there will be an 86% rise in the amount of water used for natural gas production. This is expected to strengthen the research and development activities for the development of new fracking water treatment equipment. The oil and gas drillers are likely to create more demand for hydraulic fracturing water treatment devices.

The increasing global demand for water and the scarcity of fresh water supplies are two of the major factors expected to drive the global market for fracking water treatment equipment. Water conflicts have led to the development of equipment used for water recycling. The global demand is expected to benefit the fracking market and thereby boost inventive water recycling technologies.

Going forward, leading players would take efforts to sell fracking water treatment devices in water-scarce regions where there are fewer alternative sources and stringent government regulations. All these trends would create growth opportunities in the global fracking water treatment equipment market.

Is centralized wastewater treatment a trend for the future?

The existing fracking water treatment equipment market is set for a swift expansion in the years to come. This will boost the demand for fresh water supplies. The number of hydraulic fracking gas and shale oil wells worldwide continues to increase. Equally important is the volume of wastewater produced from fracking wells that needs to be recycled or disposed of.

Centralized wastewater treatment has emerged as a feasible solution to ensure efficacy in wastewater treatment and water sourcing in hydraulic fracturing. Centralized facilities can easily use alternative water sources to treat wastewater. With many advantages, the centralized wastewater treatment technology is gaining momentum. This is expected to create new growth opportunities in the global fracking water treatment equipment market in the near future.

Concerns Surrounding Environmental Hazards of Offshore Drilling to Restrain Market in Future

Crude oil and the host of products derived from it are central to the operation of a limitless number of applications. It is estimated that the world consumes nearly 100 mn barrels of crude oil and related products every day. The figure is a rough estimate and undergoes fluctuations more or less at the rate at which the population expands, industries grow, and the global demand for power increases. To meet this mounting and ever-increasing demand for oil, oil and gas production companies are constantly on the lookout for new reserves. Since oceans cover as much as three quarters of the earth’s surface, a large share of the world’s oil and gas reserves is located underwater.

Exploring these reserves and producing substantial quantities of oil and gas from them is a big challenge though. Drilling in lightless oceanic depths and transporting the produces back to storage systems to the surface requires tons of special equipment and technological expertise. This special equipment and technical knowhow form the core of offshore drilling activities. As the name suggests, offshore drilling refers to exploration activities that are undertaken away from seashores, in deep, or even ultra-deep waters.

The global market for offshore drilling has gained traction in the past years, the reasons being the surging rise for crude oil and gas to sustain the ever-rising needs from the burgeoning global population, industrialization, and need for power.

Research Report: http://www.transparencymarketresearch.com/offshore-drilling-market.html

Mentioned below are some of the most crucial outlines of the global offshore drilling market as examined by TMR analysts:

Q. What percentage of global oil and gas reserves is accounted for by the global offshore drilling market?
A. Offshore drilling activities are responsible for the production of nearly 30% of the world’s oil production and over 27% of the world’s gas production. The percentages have remained steady since the beginning of the 21st century and are unlikely to decline anytime soon. Of the globe’s total oil reserves, nearly 20% are located at offshore locations; 30% of the world’s total gas reserves are located at offshore locations.

Q. Which is the most lucrative regional market for offshore drilling?

A. North America presently holds the leading position in the global offshore drilling market and the regional market holds immense growth opportunities owing to the presence of some of the world’s largest onshore oil and gas resources and world’s leading oil and gas companies. Although North America is projected to maintain its dominant stance in the global offshore drilling market in the coming years, the market will see growth at the fastest pace in Asia Pacific. Recent discoveries of vast offshore oil and gas reserves in the South China Sea, Gulf of Thailand, and Australia will prove to be catalytic for the global offshore drilling market in the region.

Q. Offshore drilling is often considered harmful to the environment. What are the concerns surrounding this issue? 

A. As the depth of drilling activities increases, the risks of spills, accidents, and fires also increase. One of the major reason for this increased danger is the necessity of complex equipment for drilling at the increasingly deeper sites common in offshore drilling activities. As offshore drilling companies continue to push drilling to newer and greater depths, penetrating further underwater, the drilling technology required to achieve these feats continues to become more complex and not entirely invincible.

Another reason that increases the danger of offshore drilling activities posing a hazard to the environment through oil spills and other accidents is the harsh environments common to offshore drilling activities. Conditions such as severe weather and storms pose significant risks to the functionality of the drilling rigs; their distant locations from land make it difficult to promptly begin rescue efforts.

Q. How are these concerns affecting the global offshore drilling market?

A. Recent oil leaks owing to offshore drilling activities, such as the 88,000-gallon spill in the Gulf of Mexico, have fired up arguments regarding the safety of offshore drilling activities. Around 1,300 protestors marched the streets in Washington, DC, in North America to protest against future oil drilling projects. In another event, several protestors in New Orleans crashed an offshore drilling lease auction for future drilling activities to be undertaken in the Gulf of Mexico.

As such protests become more severe, stringent guidelines are expected to be initiated concerning the safety of offshore drilling activities in the future. The increasingly restrictive regulatory scenario will bring about a major change in the overall dynamics of the global offshore drilling market and affect several crucial business decisions.

Government Support to Define Future Outlook of Global Solar Fuel Market

In today’s world, a majority of the power demand is met by utilizing fossil fuels such as oil, gas, and coal. Currently, renewable energy sources such as solar energy and wind energy account for a mere 4% of the overall power mix. Efforts to reduce the adverse impact of greenhouse gases rely largely on the power sector that accounts for about 42% of all-energy-related carbon emissions. Solar fuel is the ideal way to provide unlimited and sustainable energy and power worldwide. Being utilized as a fuel source, sunlight is capable of converting solar energy into chemical energy consisting of carbon dioxide, hydrogen, oxygen, or methanol. Solar fuel can also be stored and utilized later based on the need.

What is lending an impetus to the growth of the global solar fuel market?

The growing demand for sustainable fuel has boosted the growth of the global solar fuel market. The development of new technologies is expected to further support the market’s growth. A shifting focus on renewable energy and the subsidies offered by various governments predict an excellent growth trajectory for the solar fuel market in the coming years. In countries such as the U.K., Sweden, Japan, Germany, and Netherlands, governments are providing subsidies for solar fuel powered cars and other applications of solar fuels. However, the lack of advanced technologies and limited applications of solar fuel might pose a threat to the growth of the market.  

Research Report: http://www.transparencymarketresearch.com/solar-fuel-market.html

Which are the key regions that hold immense potential for the growth of the global solar fuel market?

North America and Europe are the key regions contributing significantly towards the growth of the global solar fuel market. In Europe, countries such as Germany, Norway, Austria, and Sweden are stressing on the generation of solar fuels. Portugal and Denmark also hold immense potential for the growth of the market. Recently, Portugal reached a clean energy milestone with the country running entirely on renewable sources for four days straight. In Asia Pacific, Australia, Japan, and South Korea are the leading adopters of solar fuel technology.

How is the global solar fuel market evolving?

The market for solar fuel is still at a nascent stage. Some of the prominent players operating in the global solar fuel market are Climeworks LLC, BioCee Inc.,HyperSolar Inc., Liquid Light Corporation, Joule Unlimited Inc., Lockheed Martin Corporation, Solar Fuel Corporation, Shell Global Solutions, Panasonic Corporation, and Toshiba Corporation.

Extensive research activities are being carried out to develop solar fuels. Artificial photosynthesis and thermochemical reactions are being implemented to convert solar energy into fuels. At the University of Massachusetts Lowell, Assistant Professor Juan Pablo Trelles is developing a new technique–“plasma-enhanced solar energy”– to convert waste carbon dioxide released from industrial factories and power plants into high-value chemicals and sustainable fuels. In this technique, solar energy is utilized to heat carbon dioxide to the high temperatures required to increase its reactivity. Using concentrated solar energy, chemicals and fuels from carbon dioxide and water are synthesized.

Global Vertical Axis Wind Turbine Market Heads towards Promising Future with Rising Demand for Wind Energy

Globally, the increasing focus on the installation of renewable energy systems has resulted in a wide range of vertical axis wind turbines being introduced in the market. Although the majority of wind turbines that are currently operational on a commercial scale are horizontal axis ones, with the advent of the latest technologies, vertical axis wind turbines are touted as an attractive alternative for the future.

Q: What are the types of axis wind turbines available in the commercial market?

A. Currently vertical axis wind turbines are available in three primary designs: Darrieus model, giromill model, and savonius model. Of these, the Darrieus wind turbine, also known as ‘eggbeater’ turbine, owing to its unique design, was invented by George Darrieus in 1931. It is a low torque, high speed machine, which has proven highly efficient for electricity generation. This type of vertical axis wind turbine usually requires a push from an external power source to start rotating. Darrieus wind turbines have two vertically oriented blades that revolve around a shaft.

A Savonious wind turbine on the other hand is a high torque and low rotating machine. Its design is a lot similar to an anemometer. Savonious wind turbines use lift produced by airfoil-shaped blades in order to drive a rotor. Thus the speed at which Savonius vertical wind turbines rotate is slower than the approaching wind.

Q: What are the factors propelling the global vertical axis wind turbine market?

A. Unlike a horizontal wind turbine, orientation mechanisms to generate electricity are not required in a vertical axis wind turbine. This helps in substantially reducing the cost incurred on manufacturing the turbine. Furthermore, the repair and maintenance of vertical axis wind turbines are relatively easier and more convenient since major power generating components such as generator and gearbox are located toward the base of the turbine.

Besides this, vertical axis wind turbines claim to require lesser wind for generating an equivalent volume of energy, and can therefore be placed in lower altitudes where the velocity of wind is generally lower. The increasing awareness regarding the aforementioned benefits offered by vertical axis wind turbines is the primary factor fuelling demand from the market.

The market is also looking for numerous prospects of deploying vertical axis wind turbines in small-scale decentralized applications. These wind turbines are advocated as being capable of harnessing energy from wind blowing from all directions. 

Research Report: http://www.transparencymarketresearch.com/vertical-axis-wind-turbine-market.html

Q: How is the market gaining from the recent pilots and developments?

A: Iceland boasts exceptional potential of deriving power from wind energy. Renewable sources provide 100 percent of the electricity produced in the island nation. Despite being at the fore of generating power from renewable sources, the nation has been facing difficulties in harnessing wind power for use in residential applications. However with the launch of vertical axis wind turbines by Helix Wind, Iceland is looking to benefit from a promising design that may change the way in which the residential sector harnesses energy from the wind.

The Helix Wind Savonious 2.0 has the perfect design to be roof-mounted just 2 feet above the roof line or tower-mounted between 14 and 35 feet. Since the rotor of this vertical axis wind turbine spins in any wind direction, it is considered ideal for urban settings.

In another pilot, John Dabiri, a professor of bioengineering and aeronautical at Caltech, has revealed the possibility of reducing cost incurred on harnessing wind energy using vertical axis wind turbine models. A remote Alaskan village called Igiugig will be the first to demonstrate this new approach to boost wind power output.

With such R&D development activities underway, the future of the global vertical axis wind turbine market seems promising.

Global Water Market to be Shaped by Opportunities in Developing Economies

The global water market deals with the extraction and distribution of one of the most important commodities for mankind. The water market has risen in importance in the last few decades as urbanization has picked up speed in emerging regions and industrial infrastructure has also spread across the world. The increasing global population has also played an important role in the rise and rise of the water market in recent years.

The global water market consists of services to distribute water for residential, industrial, and commercial use, treat the water according to its end use, and treat the wastewater obtained as a byproduct. The latter has become increasingly important in the last few years due to the rising global scarcity of water, which has led to wastewater reuse becoming a need in many parts of the world.

What is the primary driver for the global water market?

The primary driver for the global water market is the increase observed in the demand for water all across the world. The rapid development of emerging economies such as China, India, Brazil, Argentina, Chile, Mexico, and South Africa has led to a steady increase in the demand for water in commercial, residential, as well as industrial applications. The increasing urban infrastructure in these countries has led to a high demand for potable water, while the dynamic industrial sectors of these countries have been a major consumer of industrial-grade water.

Research Report: http://www.transparencymarketresearch.com/water-market.html

In developed economies, maintenance of the existing water infrastructure and wastewater treatment are the two major segments of the water market. Desalination is also becoming increasingly popular in many countries, as the freshwater reservoirs on earth have started to dry up. Smart water supply is the next step for the water market in developed economies, in order to ensure minimization of wastage and to develop a smart system to fulfill as much of the total need as possible for as long as possible.

Which regional water market holds the dominant position in the global scenario?

The global water market is led by Asia Pacific due to the rampant construction and manufacturing industries in the region. Both of these industries require massive amounts of water constantly, ensuring steady demand for the same. India, Japan, and China are among the leaders in the APAC water market, thanks to India and China being among the most populous countries in the world and Japan being a major industrial giant.

The India water market is expected to take on greater significance in the coming years, with the growing population of the country making it essential to provide clean water to the population. To this end, Japanese environmental services company, Hiyoshi, recently announced plans to develop a wastewater treatment business in India. Hiyoshi has been actively participating in knowledge sharing with multiple agencies in developing economies, but this is the first step – of surely many to follow – in foreign water companies trying to establish a foothold in the promising business environment of India.

Global Renewable Energy Market Driven by Promising Performance of Emerging Economies

Renewable energy is a range of various types of energy obtained from sources that aren’t exhaustible. Such resources include solar power, wind power, ocean power, including tidal power, geothermal power, and biofuels such as biogas. The use of renewable energy has reduced mankind’s dependence on fossil fuels, which drastically reduces the amount of pollutants released into the atmosphere and various other adverse effects that fossil fuel consumption has on the world. The rising scarcity of fossil fuels and the increasing awareness about the adverse effects of fossil fuels have driven the global renewable energy market in the last few decades.

The renewable energy field is expected to undergo steady, sustained growth in the coming years as a result of the growing public and governmental support. According to the International Renewable Energy Agency, the share of renewable energy in global electricity generation will double upon its current values by 2030. Renewable energy is expected to account for 40% of the global electricity production by then.

What are the major restraints on the global renewable energy market and how can market players overcome them?

Renewable energy is a rapidly growing part of the global energy sector. However, the market is currently constrained by the high prices of renewable energy infrastructure, which drive up the cost of the electricity generated from it. This is a major restraint on the global renewable energy market, since electricity is a highly cost-sensitive commodity and can be supplied at much lower costs by using conventional fuels such as coal.

Intensive research into increasing the efficiency of renewable energy generation infrastructure has thus emerged as the most promising research avenue for players operating in the market. Boosting the research efforts in the renewable energy field will also help eliminate another major restraint on the global renewable energy market: The intermittent nature of power generation from renewable energy resources.

Research Report: http://www.transparencymarketresearch.com/renewable-energy-market.html

Which regional renewable energy markets are likely to be influential in the coming years?

According to the latest figures released in the Renewable Energy Country Attractiveness Index (RECAI), the U.S. retained its top spot in the global market. The early adoption of renewable energy sources in the region and the steady support given to the renewable energy sector by successive governments are responsible for the proliferation of opportunities in the renewable energy sector in the country.

However, the most important point to take home from the RECAI is the steady rise of developing countries up the table, along with a corresponding fall in the rankings of developed European countries. China and India occupy the second and third positions on the RECAI and are emerging as major markets for renewable energy. Other dynamic economies such as Chile, Brazil, and Mexico also made the RECAI top 10.

The latest RECAI is dominated by developing countries to such an extent that half of the 40 countries in the RECAI are considered emerging economies. African countries had a strong run in the RECAI as well, with the continent represented by four countries in the top 30. This is set to be a major trend in the global renewable energy market in the coming years, with emerging countries actively looking to increase their network of renewable energy infrastructure.

Africa and Asia Pacific Spearheading Global Off-grid Solar Lighting Market

Off-grid lighting refers to an approach of providing access to electricity to people living in remote areas or in places that have poor electricity infrastructure. The off-grid technology has witnessed significant development in the past few years owing to advances in wind and power generation technologies and improved efficiencies of wind and solar power systems available in the market.

The segment of off-grid solar lighting has especially been at the forefront of the immense research and technological developments witnessed in the green energy industry in the past years.

The effectiveness of solar power in creditably providing economic and reliable lighting products to some of the world’s weakest economies has already been demonstrated by the highly positive sales figures of a variety of solar powered devices in the past years. Off-grid solar lighting continues its excellent run in the global market and is expected to exhibit a 17.56% CAGR from 2016 through 2024, according to a recent TMR report. The market is seeing favorable developments in product innovation, government funding to promote their increased adoption, and receptiveness from the end user. 

Research Report: http://www.transparencymarketresearch.com/off-grid-solar-lighting-market.html

In this blog post, TMR analysts answer some questions pertaining to the future developmental prospects of the global off-grid lighting market:

What types of off-grid solar lighting systems/products are most primarily consumed worldwide?

The varieties of off-grid lighting systems/products that observe the highest demand across major regional markets are solar lantern systems and small and large solar home systems (SHS). Of these, a variety of solar home systems, called solar pico systems (SPS), or pico PV, have emerged as the favorite for rural electrification in the past few years. Of the over 4 mn off-grid solar lighting products sold in the second half of 2015 on a global front, over half of the reported unit sales were single light Pico-PV products. These numbers are from a recent report by The Global Off-Grid Lighting Association (GOGLA) and the World Bank’s Lighting Global program

Asia Pacific has excellent solar resources. How is the region performing on the off-grid solar lighting front?

The development of the off-grid solar lighting market has been excellent in the region over the years. Countries in the region have been very receptive about the several off-grid solar lighting devices and products that have entered the global market. Asia Pacific, in fact, accounted for a massive share of over 55% in the global off-grid solar lighting market in 2015. India, the current leader in terms of revenue realization in the Asia Pacific off-grid lighting market, is moving positively ahead on the path of further development of the sector.

Recently, India’s Ministry of New and Renewable Energy (MNRE) has announced the “Off-Grid and Decentralized Solar Applications” scheme as a part of its National Solar Mission. Under this scheme, the MNRE has announced a subsidy of 30% of the entire off-grid solar lighting system’s cost. The scheme is being implemented to promote the use of solar pumps, solar-powered street lights, and mini and micro grids in the rural parts of the country.

Which other regional market offers the global off-grid solar lighting market the most lucrative growth opportunities?

Africa is undoubtedly one of the most prominent regions that offers excellent growth opportunities for the global off-grid solar lighting market. The region has excellent solar resources and houses a large population that is devoid of reliable power supply or has a proper connection to electricity grids. As off-grid solar solutions make for the fastest and cheapest ways of extending energy sources, their demand has consistently increased in sub-Saharan Africa in the past years. An estimated 95% of the world’s population without electricity is living in sub-Saharan Africa and presents vast development opportunities for the global off-grid solar lighting market.

Global Water Treatment Systems Market to be driven by Water Scarcity, Environmental Awareness, and Government Support

Water treatment has gained importance in the recent times due to the growing demand for clean water for drinking and industrial purposes. Through the processes of softening, purification, and deodorization, water treatment systems make water suitable for specific end-use industries such as drinking, irrigation, river flow maintenance, and industrial water supply.

How are nations reacting to growing water pollution and water treatment?

In developed economies of North America and Europe, stringent regulations regarding water treatment have supported the robust growth of the water treatment systems market. In North America, the U.S. has been among the key nations stressing on the treatment of industrial wastewater. The rising awareness about water treatment in the European nations has fuelled the growth of the market.

However, in the near future, Asia Pacific is anticipated to be one of the lucrative regions for the market as countries such as China and India are finally waking up to the challenge posed by severe water scarcity. Both these countries have witnessed rapid industrialization in the last 25 years and this has significantly affected their water bodies. In China, rampant industrial water pollution has led river waters turn into unnatural shades of red, green, and orange. Toxic water supply has further led to the growing prevalence of many chronic diseases. Taking a cue, the Chinese government has introduced the Water Ten Plan, a comprehensive water policy last year. This has resulted in framing of stringent rules regarding water efficiency and water pollution.

On the other hand, India has been witnessing severe water scarcity due to depletion and pollution of ground water level due to industrial activities. The country is now focusing on water treatment systems to curb the flow of industrial wastewater to water bodies. In fact, India is being viewed as one the most promising markets for water treatment systems. 

Research Report: http://www.transparencymarketresearch.com/water-treatment-systems-market.html

How is the competitive landscape in the global water treatment system market evolving?

The global water treatment system market is dominated by some of the prominent players such as The Dow Chemical Company, Honeywell International, 3M Company, Pentair plc, and others. The treatment of industrial wastewater and drinking water is of primary concern and hence, the market players are focusing on innovative technologies to develop novel water treatment systems while adhering to the standards set by governments and regulatory authorities. For instance, Cambrian Innovation has introduced a water treatment system that will let breweries to convert spent brewing water into reusable water.

The competitive landscape of the global water treatment systems market is expected to evolve rapidly with entry of smaller and medium companies. Many of the market players are bagging projects from governments and private organizations to treat industrial and drinking water. For example, Japanese firm Hiyoshi runs water purification facilities for local governments and works on wastewater treatment projects.

Wind Turbine Inspection Services See Uptick in Demand as More Wind Farms Crop Up Worldwide

The wind energy industry has witnessed rapid development in the last few years. Large economies of scale have thus been achieved by market players. With technological advancements, the competition in the market is increasing and is leading to the emergence of various wind-energy-linked businesses. One of the most attractive and emerging businesses in the wind energy industry is wind turbine inspection. Wind turbine inspection services primarily focus on servicing generators and gearboxes, as they have multiple moving parts that are prone to breakdowns. The installed capacity of wind energy is expected to double between now and 2023, which in turn will trigger growth in the wind turbine inspection services market.

In this blog post, Transparency Market Research (TMR) answers three critical questions about the wind turbine inspection services market:

What impacts the performance of the wind turbine inspection services market?

The wind turbine inspection services market is gaining momentum due to continued wind energy capacity addition across the globe. Since a turbine is a highly crucial component for the wind energy generation industry and is composed of several smaller components such as a generator and gearbox, the wind turbine needs to be inspected and serviced on a regular basis. This ensures optimal performance and efficiency. Thus, wind turbine inspection services are increasingly being adopted by wind farm contractors and operators to ensure the longevity of wind turbines. 

Research Report: http://www.transparencymarketresearch.com/wind-turbine-inspection-services-market.html

In November 2015, one of the ten Bonus Energy 2.3MW turbines near the Danish island of Samso suffered a catastrophic failure leading to the nacelle and blades breaking off and falling into the sea. Such incidents not only cause downtime but could also prove detrimental to marine life. Such failures have led to a growing awareness about the importance of servicing and inspecting wind turbines, thus boosting the market.


What are the recent trends and developments in the wind turbine inspection services market?

Drones for the inspection of wind turbines are becoming commonplace in the wind turbine inspection services market. Conventionally, a repair man had to climb the massive structure to perform inspection and maintenance, which was a dangerous gig. Now, companies are increasingly using drones to remotely check for faults and then carry out repair and maintenance tasks. Spotting this opportunity, companies such as Aibotix have already begun marketing drones for the wind turbines inspection services industry.

Which regions are expected to contribute significantly to the wind turbine inspection services market?

The Asia Pacific region is expected to be an attractive market for wind turbine inspection services. In the Asia Pacific region, China is expected to lead the offshore wind energy sector, thereby exhibiting a high demand for wind turbine inspection services. Other attractive markets for wind turbine inspection services include the Middle East and Africa and South and Central America. Europe is expected to have a high demand for offshore wind turbine inspection services as the region has been targeting offshore wind energy development. The U.S. will be initially slow in entering the offshore wind energy market, but installations of wind turbines will pick up speed in the future, which in turn is expected to give rise to a demand for offshore wind turbine inspection services.