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Market Leaders: Residential Energy Storage Market 2019 Dynamics – Huawei, Samsung SDI Co. Ltd., Tesla, LG Chem, and SMA Solar Technology

The global residential energy storage market is expected to grow from an estimated USD 6.3 billion in 2019 to USD 17.5 billion by 2024, at a CAGR of 22.88% during the forecast period. The growth of this market is driven by the declining cost of batteries, regulatory support and financial incentives, and the need for energy self-sufficiency from consumers.

The global residential energy storage market is dominated by a few major players that have a wide regional presence. The leading players in the residential energy storage market are Huawei (China), Samsung SDI Co. Ltd. (South Korea), Tesla (US), LG Chem (South Korea), and SMA Solar Technology (Germany). 

Read Comprehensive Overview of Report along with TOC @ https://www.marketsandmarkets.com/Market-Reports/residential-energy-storage-market-153284325.html

The major strategies adopted by the players include new product launches, investments & expansions, contracts & agreements, partnerships, alliances, and joint ventures. The new product launches was the most commonly adopted strategy from July 2016 to March 2019. These industry players also adopted contracts & agreements as a major strategy during that period.

Huawei (China) is a leading global provider of Information and Communications Technology (ICT) infrastructure and smart devices. The company provides integrated solutions across 4 key domains, namely, telecom networks, IT, smart devices, and cloud services. The company operates through 4 business segments, which are consumer business, carrier business, enterprise business, and others. The solar energy storage and inverters are a part of the enterprise segment. The company has been investing heavily in solar solutions and PV inverters. Huawei is one of the leading market players of PV inverters. Its product portfolio includes FusionHome Smart Energy Solution. In June 2018, Huawei launched the FusionHome Smart Energy Solution, which implements 4 essential functions as a plug & play solution. These include the optimization of energy flows and self-consumption, the energy storage and integration into a smart home system.

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Samsung (South Korea) is a leading material and energy solutions provider. The company operates through 2 business segments, namely, energy solutions and electronic material. The electronic material segment offers a Plasma Display Panel (PDP) used in TVs and is into the rental business. The products offered under the energy solutions segment include small-sized lithium-ion batteries, automotive batteries, and energy storage systems. The company also manufactures and sells secondary cells and PDPs. Samsung is a global leader in the secondary lithium-ion battery industry.  In May 2018, Samsung SDI introduced a new high voltage residential energy storage product, which could be an alternative to lead–acid batteries. The company claims that the product has high scalability, which is expected to save on design costs and time.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
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MarketsandMarkets™ INC.
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Variable Frequency Drive Market is Expected to Reach $27.57 Billion By 2023, Growing at 5.87% CAGR

The global Variable Frequency Drive Market is projected to reach a market size of USD 27.57 billion by 2023, at a CAGR of 5.87%. The market in Asia Pacific is estimated to be the largest for VFDs, followed by the market in Europe in 2018. Factors such as increased usage of VFD across major industry verticals, government regulations, and rising need for energy efficiency are driving the VFD market.

The Variable Frequency Drive Market is dominated by a few major players that have a wide regional presence. The leading players in the VFD market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), and Rockwell (US).

The major strategies adopted by the players include new product developments, contracts & agreements, investments & expansions, and mergers & acquisitions. New product developments was the most commonly adopted strategy from January 2014 to April 2018. Industry players also adopted contracts & agreements, which was the second most widely followed strategy during the same period.

ABB is a provider of power and automation technology for various industries such as oil & gas, power generation, and transport & infrastructure globally. The company operates through 4 divisions, namely, power grids, electrification products, robotics and motion, and industrial automation. It provides Variable Frequency Drive under the robotics and motion business segment. ABB drives business provides low-voltage AC drives, medium-voltage drives, and DC drives for various industries such as building automation, marine, power, transportation, food & beverage, metals, mining, and oil & gas. The company has a presence in over 100 countries with production and R&D centers worldwide. Moreover, in September 2017, ABB acquired GE industrial solution to strengthen its position in electrification segment globally and expand its presence in the North American market.

Siemens engaged in the business of electrification, automation, and digitalization. The company conducts its operations through 8 segments, namely, power and gas, healthineers, energy management, digital factory, mobility, Siemens Gamesa renewable energy, process industries and drives, and building technologies. Its process industries and drives business segment provide Variable Frequency Drive to various industries such as oil & gas, shipbuilding, mining, cement, fiber, chemicals, food & beverage, and pharmaceuticals. The company operates 289 production and manufacturing plants across the globe. Moreover, in November 2017, Siemens partnered with Airbus and Rolls-Royce for the development of drive systems across various power classes for hybrid electric flight.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=878

Objectives of the Study

  • To define and segment the market with respect to voltage, application, power range, end-user, and region
  • To provide detailed information about major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the VFD market with respect to individual growth trends, future expansions, and contributions to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To forecast the growth of the VFD market with respect to the major regions (Asia Pacific, Europe, North America, Middle East, South America, and Africa)
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments such as new product development, mergers & acquisitions, expansions & investments, partnership & collaboration, and contracts & agreements, in the VFD market

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:

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MarketsandMarkets™ INC.

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Recloser Market to Expand at a CAGR of 4.88%, Global Key Players, Trends, Share, Industry Size, Segmentation, and Forecast to 2022

The global recloser market (including the sectionalizer market) is expected to grow at a CAGR of 4.88%, from 2017 to 2022, to reach a market size of USD 2.71 billion by 2022. The increasing demand for electric power worldwide, subsequent investments in installing renewable generation, rapid industrialization, and increased investment in automated power equipment are likely to drive the recloser and sectionalizer market during the forecast period.

The programmable resettable sectionalizer is estimated to be the fastest growing segment of the sectionalizer market, by control type, from 2017 to 2022. This type of sectionalizer is equipped with an onboard memory storage that records the past events the unit has seen. This segment is being driven by factors such as increasing need for distribution automation and reduction in power outages.

The recloser market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the recloser and sectionalizer industry include Eaton (Ireland), Schneider (France), Tavrida (Switzerland), ABB (Switzerland), and NOJA Power (Australia).

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Based on region, the sectionalizer market in Asia Pacific is projected to grow at the fastest rate from 2017 to 2022 followed by Middle East and North America. Countries such as China and India are the largest markets and have increased their investments in the power sector in the recent past. China accounted for the maximum share in the Asian region in 2016 and is projected to grow at the highest CAGR from 2017 to 2022. The increasing demand for automated power equipment due to the rising investment in distribution automation and smart grid applications would have a positive impact on the sectionalizer market in the Asia Pacific region. Furthermore, urbanization and industrialization are also the major factors impacting the growth of the sectionalizer market in Asia Pacific.

Scope of the Report:

Recloser Market:

By Voltage

  • Up to 15 kV
  • 16–27 kV
  • 28–38 kV

By Control Type

  • Electric
  • Hydraulic

By Phase

  • Single
  • Three
  • Triple Single

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East
  • Africa

Based on phase, the triple-single segment is estimated to grow at the fastest rate from 2017 to 2022. Triple-single reclosers provide cost-effective single-phase distribution feeder and achieve significant power reliability with the additional benefit of single-phase tripping. These type of reclosers are rapidly replacing three-phase reclosers in the power distribution system. The demand for triple-single recloser is expected to be higher in developed countries, and it is expensive compared to three-phase and single-phase reclosers.  

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The demand for reclosers up to 15 kV is expected to grow at a faster rate from 2017 to 2022. Reclosers with voltage rating up to 15 kV are mostly used in residential applications and rural distribution lines. Growing urbanization, increasing investment in smart grid projects, and growing commercial, residential, and industrial sectors would drive the market for reclosers of voltage range up to 15 kV.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

newsletter@marketsandmarkets.com

Micro Turbines Market 2022: Anticipating a CAGR of 9.46% Growing Adoption of Combined Heat and Power

The Micro Turbines Market is expected to grow from an estimated USD 159.7 Million in 2017 to USD 251.0 Million by 2022, at a CAGR of 9.46%, during the forecast period. The market is set to grow due to increasing efforts to reduce global greenhouse gas emissions, growing adoption of combined heat and power (CHP), and increasing demand for clean energy worldwide.

Browse 70 Market Data Tables and 36 Figures spread through 132 Pages and in-depth TOC on “Micro Turbines Market”

https://www.marketsandmarkets.com/Market-Reports/micro-turbine-market-150779371.html

The combined heat and power segment is expected to hold the largest share of the micro turbines market, by application, during the forecast period.

Micro turbines find application mainly in CHP plants. The global market, in terms of value, for micro turbines used in CHP-based applications was the highest and it accounted for a major share of the total market. Cogeneration or CHP is highly efficient and can achieve primary energy savings of nearly 40%. Moreover, they are installed close to the end-user, which helps in reducing T&D losses. They also have lower total emissions since the exhaust is utilized for other operational purposes. Thus, CHP application segment leads the micro turbines market.

Download PDF Brochure – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150779371

The 50–250 kW power rating segment is expected to be the largest segment of the micro turbines market in 2017

The report segments the micro turbines market, on the basis of rated capacity, into 12–50 kW, 50–250 kW, and 250–500 kW. The 50–250 kW micro turbines have been widely accepted in the past few years. Capstone Turbine, Ansaldo, and FlexEnergy are the major providers of these micro turbines in the global market. The market for the 50–250 kW rated micro turbines will be driven by the many upcoming CHP-based power plants in Asia Pacific and North America. The replacement of old coal-fired power generation capacity in the US with new large capacity gas-fired power plants will also boost the market.

North America: Expected to be the leading market for micro turbines during the forecast period.

In this report, the micro turbines market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The market in North America is expected to continue leading the market. Urbanization, industrialization, and fast economic growth have led to an increase in the demand for electric power.  To meet this growing demand aging infrastructure is being replaced with new power plants, especially gas-fired ones, which use micro turbines.

Objectives of the study:

·         To define, describe, and forecast the micro turbines market by power rating, application, end-user, and region

·         To provide detailed information regarding the major factors influencing the growth of the micro turbines market (drivers, restraints, opportunities, and industry-specific challenges)

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

·         To track and analyze competitive developments, such as contracts & agreements, new product launches, expansions and investments, and partnerships and collaborations in the micro turbines market

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

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the micro turbines market. These include Capstone Turbine (US), FlexEnergy (US), Ansaldo Energia (Italy), MTT (Netherlands), and Toyota Turbine and Systems (Japan). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Light Tower Market 2022: Anticipating a CAGR of 6.1% with Restart of Investment in the Mining Industry.

The light tower market is expected to grow at a CAGR of 6.1% from 2017 to 2022, to reach a market size of USD 2.72 billion by 2022. A rapid growth of the construction industry, growing investment in the oil & gas sector, and restart of investment in the mining industry, along with government regulation to support solar power technology and LED lighting are driving the global light tower market.

The light tower market is dominated by a few major players that have a wide regional presence and are established brand names. The leading players in the light tower market include Generac Holding, Inc. (U.S.), Atlas Copco (Sweden), Doosan Corporation (South Korea), Terex Corporation (U.S.), and Wacker Neuson (Germany).

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Market Dynamics –

Drivers

  • Rapid Growth of Construction Industry
  • Growing Investments in the Oil & Gas Sector
  • Restart of Investments in the Mining Industry

Restraints

  • Large Unorganized Market Creating Hindrance for Established Players

Opportunities

  • Solar Light Towers
  • Untapped African Market

Challenges

  • High Cost of Solar Light Towers and LED Lights
  • Stringent Government Regulation

Supply Chain

New Technologies

  • New Battery Technologies
  • Generator Paralleling Technology

Among regions, Asia-Pacific is projected to account for the maximum market share. Asia consists of two major economies growing with a decent pace that are China and India. China is focusing on building new Silk Road to connect its western part with oil & gas rich Middle East region, which would create a demand for light towers. India is focusing on developing its transport infrastructure such as highways and rail network to connect its major economic centers with rest of the countries, which would create a demand for light towers.

On the basis of fuel types, diesel-powered light tower is expected to dominate the market. Long running life, high reliability of diesel generator sets, and fuel availability are factors driving the market for light towers, worldwide. Diesel light towers with metal halide lights are most preferred in hazardous locations such as oil & gas industry and mining industry, which would further crate demand for diesel powered light towers.

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In terms of light type, metal halide type light towers are expected to lead the market during the forecast period. Metal halide light towers are mainly used in the hazardous and tough working conditions where ample illumination is required.

On the basis of end-users, the construction end-user segment is expected to dominate the market. Developing countries such as China, Brazil, India, and Saudi Arabia are investing in developing new infrastructure to support their growth. Developed countries such as the U.S., Canada, the U.K., and Germany are investing in upgrading their existing infrastructure. This would create a demand for light towers in the construction end-users segment.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Email: newsletter@marketsandmarkets.com

Oilfield Services Market Vendors to Gain Revenue Opportunities by Focusing on Open Architectures

The global oilfield services market is set to witness a significant growth due to the increasing shale gas exploration, increasing oil & gas production, and growing efforts in exploring new oil & gas reserves.

The oilfield services market is expected to grow from an estimated USD 106.43 Billion in 2017 to USD 125.51 Billion by 2022, registering a CAGR of 3.35%, from 2017 to 2022.

The onshore segment is expected to hold the largest share of the oilfield services market, by application, during the forecast period.

The onshore sub-segment, within the application segment, led the oilfield services market in 2016, and is projected to dominate the market during the forecast period. However, the offshore segment is expected to grow at the fastest rate during the forecast period. The growth of this segment is primarily driven by new exploration and production activities being carried out in offshore areas.  This would ultimately create new revenue pockets for the oilfield services market during the forecast period. Oilfield services plays a critical role in challenging environmental conditions such as HPHT and unconventional reservoirs.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263907746

The fluctuating crude oil prices, are the major restraints for the market.

The oil & gas industry is susceptible to crude oil price fluctuations affecting the demand for oil as well all its related markets. The competition between the U.S. and the OPEC countries, particularly because of the shale gas revolution, has been one of the factors for the oil price plunge in the recent years. The crude oil prices plummeted to less than USD 30 a barrel in February 2016 after having seen a peak of over USD 110 a barrel in September 2013. From July 2014, prices fell sharply and continued to be at lower level causing sharp CAPEX cuts in 2015, and 2016. The industry shifted their focus towards cost optimization and extremely thin spend on new activities effecting heavily any demand growth across upstream oil and gas activities. The current year, 2018, is witnessing fairly stabilized crude oil prices around USD 70 a barrel bringing alive the upstream spending to an extent.

Oilfield Services Market Target Audience:

The target audience of this report includes:

  • Consulting companies of the energy and power sector
  • Government and research organizations
  • Investment banks
  • National Oil Companies (NOCs)
  • Oilfield tools & equipment manufacturers
  • Oilfield service companies
  • Oil & gas field operators
  • Power and energy associations
  • Exploration & Production companies

The pressure pumping services oilfield services sub-segment, within the services segment, is expected to hold the largest share of the oilfield services market during the forecast period.

The pressure pumping services oilfield sub-segment, within the services segment, led the oilfield services market in 2016, and is projected to dominate the market during the forecast period. However, the well completion equipment and services segment is expected to grow at the fastest rate during the forecast period. Pressure pumping oilfield services are used for applications such as well cementing and stimulation.  Increasing drilling activities for extraction of oil & gas has raised the demand for EOR and advanced drilling technologies, further increasing the demand for pressure pumping services. Countries such as the U.S. and China are expected to drive the market demand, mostly because of the ongoing shale boom.

View detailed Table of Content here –

https://www.marketsandmarkets.com/Market-Reports/oilfield-services-market-263907746.html

North America: The leading market for oilfield services

In this report, the oilfield services market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The market in North America is expected to dominate the global oilfield services market, given increased oil & gas exploration activities, especially in the U.S. The production of oil & gas from oil sands, tight gas, and natural gas from coal, in Canada, combined with shale gas activities in the U.S., would drive the oilfield services market in North America.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the oilfield services market. These players include Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), Superior Energy Services, Inc. (U.S.), and GE Oil & Gas (U.K.). The leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Switchgear Market Is Seeing Explosive Growth By Future Industry Winners: Global Forecast

The switchgear market is expected to grow from an estimated USD 88.71 Billion in 2017 to USD 125.10 Billion by 2022, at a CAGR of 7.12%, from 2017 to 2022. The global market is set to witness a significant growth due to the continued growth of construction and developmental activities, increasing access to electricity, and growth of renewable power generation projects.

Market Ecosystem:

The switchgear ecosystem comprises equipment manufacturers, such as, ABB, Ltd. (Switzerland), General Electric Company (US), Schneider Electric SE (France), EATON CORPORATION plc (Ireland), Siemens AG (Germany), Larsen & Toubro, Ltd. (India), Alstom SA (France), Hitachi, Ltd. (Japan), CG Power and Industrial Solutions Limited (India), Efacec Power Solutions – S.G.P.S. S.A. (Portugal), ELEKTROBUDOWA SA GROUP (Poland), Hawker Siddeley Switchgear Ltd. (UK), Hyosung Corporation (South Korea), Mitsubishi Electric Corporation (Japan), and Toshiba Corporation (Japan) among others.

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The transmission and distribution utilities segment is expected to hold the largest share of the switchgear market, by end-user, during the forecast period.

The transmission and distribution utilities sub-segment of the end-user segment led the switchgear market in 2016 and is projected to dominate the market during the forecast period. The transmission and distribution utilities segment is also expected to grow at the fastest rate during the forecast period.

The growth of the transmission and distribution utilities segment is primarily driven by increasing investments in sub-station automation, modernization of electric grid, and smart utilities which includes smart grids and smart meters. This would enhance the protection by decreasing energy losses, due to poor operational efficiency of traditional equipment. This would ultimately create new revenue pockets for the switchgear market during the forecast period.

The gas insulated switchgear is expected to hold the largest share of the switchgear market, by equipment, during the forecast period.

The gas insulated switchgear sub-segment of the equipment segment led the switchgear market in 2016 and is projected to dominate the market during the forecast period. Rising energy demand and extension/replacement of old switchgear at sub-stations can drive the gas insulated switchgear equipment in the switchgear market. However, the circuit breaker sub-segment accounted for the second largest share in 2016 in the switchgear market, based on the equipment segment.

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North America: The leading market for switchgear

In this report, the switchgear market has been analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, the Middle-East and Africa, and South America. The market in Asia Pacific led the global switchgear market in 2016. Increasing grid investments especially in developing economies, such as China and India and plans for electrification in remote areas in countries, such as Vietnam, Indonesia, and the Philippines are expected to drive the switchgear market in Asia Pacific. Indonesia aims to achieve 90% electrification rate by 2025 and the countries, such as the Philippines and Malaysia have similar plans. Rise in investments in smart grid technologies including distribution grid automation, smart meters, and demand response systems in countries, such as Japan, South Korea, and Australia would create opportunities for the switchgear market in the Asia Pacific region.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com  

Industrial Wastewater Treatment Service Market Will Grow at 6.1% CAGR to Cross $28.0 bn by 2024

According to the new market research report Industrial Wastewater Treatment Service Market by Service Type (Design, Installation, Operations, Maintenance), Treatment Method (Filtration, Disinfection, Desalination), End User (Power, Oil & Gas, Pulp & Paper), Region – Global Forecast To 2024″, published by MarketsandMarkets™, Industrial Wastewater Treatment Service Market is projected to reach USD 28.0 billion by 2024 from an estimated USD 20.8 billion in 2019, at a CAGR of 6.1% during the forecast period. This growth can be attributed to factors such as growth in water intensive industries such as pulp & paper and textile in the developing regions. The dyeing process in the textile industry is a major water intensive process, and it has a massive water requirement. Similarly, the requirement for treating the wastewater generated is expected to rise massively with the stringent environmental regulations across several nations.

The power generation segment is expected to be the largest Industrial Wastewater Treatment Service Market, by end-user, during the forecast period.

The power generation segment is estimated to dominate the Industrial Wastewater Treatment Service Market in 2019 and is projected to be the largest market during the forecast period. This is mainly because of a significant increase in the requirement of power generation, especially in developing regions such as Asia Pacific. For instance, countries such as China, India, Japan, and South Korea are ensuring that the power requirement of the people is addressed adequately through various schemes. The growing demand is causing an increase in the number of power generation units to cater to this demand, resulting in a rise in wastewater generation. Thus, there is a rising need for treating the wastewater generated from these power generation units.

Browse and in-depth TOC on “Industrial Wastewater Treatment Service Market

46 – Tables

35 – Figures

168 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=87586650

The filtration segment is expected to be the fastest growing Industrial Wastewater Treatment Service Market, by treatment method, during the forecast period.

The treatment method segment deals with the treatment methods and processes of the Industrial Wastewater Treatment Service Market. Filtration is usually needed before sanitation treatments, to remove particles that can distribute sediment, pathogens, and algae. The filtration segment is expected to hold the largest market share during the forecast period.  The major types of filtration processes include chlorine filtration, Ultraviolet (UV) filtration, and Ozone filtration. Among these processes, UV filtration is a hugely cost intensive process, followed by the Ozone filtration process. These processes’ overall cost is more than that of processes such as disinfection and desalination. Thus, the filtration process is expected to dominate this segment due to the aforementioned factors.

Asia Pacific: The leading Industrial Wastewater Treatment Service Market.

In this report, the Industrial Wastewater Treatment Service Market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global Industrial Wastewater Treatment Service Market in 2019, owing to the growth in the industrial, manufacturing, textile, pulp & paper, and power generation industries in countries such as China, India, and Japan. These are rigorous water intensive industries and simultaneously eject a lot of industrial wastewater. Thus, a major scope of industrial wastewater exists in these regions.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Industrial Wastewater Treatment Service Market. Some of the key players are Veolia (France), SUEZ (France), Xylem (US), Thermax Group (India), Ecolab (US), Pentair (UK), Evoqua Water Technologies (US), WOG Group (US), SWA Water Holdings (Australia), Aries Chemical (US), Terrapure Environmental (Canada), and Golder Associates (Canada). The leading players are adopting various strategies to increase their share in the Industrial Wastewater Treatment Service Market.

Browse more Reports:

Waste Heat Boiler Market by Temperature (Medium, High, Ultra High), Source (Oil Engine, Gas Engine, Gas Turbine, Incinerator, Cement Plant Kiln, Steel Plant, Glass Furnace), Orientation (Horizontal & Vertical), End-User, and Region – Global Forecast to 2023

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441 Email: newsletter@marketsandmarkets.com

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