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Energy

Global Hazardous Location Limit Switches Market Research Report 2020

In this report, the Global Hazardous Location Limit Switches market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Hazardous Location Limit Switches market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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The global Hazardous Location Limit Switches market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.

This report focuses on Hazardous Location Limit Switches volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Hazardous Location Limit Switches market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.

Global Hazardous Location Limit Switches Market: Segment Analysis

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Global Hazardous Location Limit Switches Market: Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China and Japan. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.

Global Hazardous Location Limit Switches Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.

Following are the segments covered by the report are:

Snap

Slow

Snap/Slow

Break Before Make

By Application:

Household

Commercial

Industrial

Key Players:

The Key manufacturers that are operating in the global Hazardous Location Limit Switches market are:

Rockwell Automation

Siemens

ABB

Bernstein Safety

Schneider Electric

Omron

Honeywell

Keyence

Eaton

Telemecanique

Schmersal

Competitive Landscape

The analysts have provided a comprehensive analysis of the competitive landscape of the global Hazardous Location Limit Switches market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

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About Crystal Market Reports

Crystal Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 400,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.

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Energy

Global and China Low-voltage Interface Relay Market Insights, Forecast to 2026

In this report, the Global and China Low-voltage Interface Relay market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global and China Low-voltage Interface Relay market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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This report focus on Low-voltage Interface Relay market. Any electromagnetic relay has a certain level of isolation between the input and output circuits. However, in ordinary relays, this function is not prevalent and, hence, not considered in the existing system of relay classification. In interface relays, however, the property of galvanic isolation (decoupling) between the input and output circuits is significantly bolstered, and parameters of the galvanic isolation have an utmost importance from standpoint of the functions performed by this relay. On the other hand, the parameters associated with switching capacity are secondary and can significantly vary in interface relays with the same level of galvanic decoupling. In this respect, categorization of interface relays into existing classes of ordinary relays is arguable. Rather, it seems more appropriate to categorize them as a separate class of electrical relays and classify according to characteristics of the galvanic decoupling unit.

Market Analysis and Insights: Global and China Low-voltage Interface Relay Market

This report focuses on global and China Low-voltage Interface Relay QYR Global and China market.

The global Low-voltage Interface Relay market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.

Global Low-voltage Interface Relay Scope and Market Size

Low-voltage Interface Relay market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Low-voltage Interface Relay market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Segment by Type, the Low-voltage Interface Relay market is segmented into

Super Fast (Up to 100 μsec)

Fast (100 μsec to 3 ms)

Inertial (Above 3 ms)

Segment by Application, the Low-voltage Interface Relay market is segmented into

PLC System and Industrial Automation

Panel Builders

Machinery Builders

Office Equipment

Others

Regional and Country-level Analysis

The Low-voltage Interface Relay market is analysed and market size information is provided by regions (countries).

The key regions covered in the Low-voltage Interface Relay market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape and Low-voltage Interface Relay Market Share Analysis

Low-voltage Interface Relay market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Low-voltage Interface Relay business, the date to enter into the Low-voltage Interface Relay market, Low-voltage Interface Relay product introduction, recent developments, etc.

The major vendors covered:

Finder

Schneider Electric

ABB

Siemens

Eaton

Wieland Electric GmbH

Phoenix Contact

Hager

Weidmuller Interface GmbH

WAGO

Rockwell Automation

Altech

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Reasons to Buy This Research Report

About Crystal Market Reports

Crystal Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 400,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.

Contact Info.:-

Address: 911 Central Avenue #268
Albany New York 12206
Email: [email protected]
Phone: 1-518-730-1569
Web: https://www.crystalmarketreport.com

Categories
Energy

Global and China Hydrogen Refueling Station (HRS) Market Insights, Forecast to 2026

In this report, the Global and China Hydrogen Refueling Station (HRS) market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global and China Hydrogen Refueling Station (HRS) market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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A Hydrogen Refueling Station (HRS) is an infrastructure designed for filling a vehicle with hydrogen fuel. It can be part of a station for fossil fuel refueling or an independent infrastructure.

Market Analysis and Insights: Global and China Hydrogen Refueling Station (HRS) Market

This report focuses on global and China Hydrogen Refueling Station (HRS) QYR Global and China market.

The global Hydrogen Refueling Station (HRS) market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.

Global Hydrogen Refueling Station (HRS) Scope and Market Size

Hydrogen Refueling Station (HRS) market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Hydrogen Refueling Station (HRS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Segment by Type, the Hydrogen Refueling Station (HRS) market is segmented into

35 Mpa

35&70MPa

Liquid H2

Segment by Application, the Hydrogen Refueling Station (HRS) market is segmented into

Hydrogen Vehicles

Small Devices

Regional and Country-level Analysis

The Hydrogen Refueling Station (HRS) market is analysed and market size information is provided by regions (countries).

The key regions covered in the Hydrogen Refueling Station (HRS) market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape and Hydrogen Refueling Station (HRS) Market Share Analysis

Hydrogen Refueling Station (HRS) market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Hydrogen Refueling Station (HRS) business, the date to enter into the Hydrogen Refueling Station (HRS) market, Hydrogen Refueling Station (HRS) product introduction, recent developments, etc.

The major vendors covered:

Air Liquide

Nel ASA

NIPPON STEEL ENGINEERING

Japan H2 Mobility

Houpu Clean Energy

Beijing CEI Technology

Hyfuture (Shanghai) Industrial

H2 Mobility GmbH

Uno-X

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Reasons to Buy This Research Report

About Crystal Market Reports

Crystal Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 400,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.

Contact Info.:-

Address: 911 Central Avenue #268
Albany New York 12206
Email: [email protected]
Phone: 1-518-730-1569
Web: https://www.crystalmarketreport.com

Categories
Energy

Global and China Low-voltage Distribution Switchboards Market Insights, Forecast to 2026

In this report, the Global and China Low-voltage Distribution Switchboards market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global and China Low-voltage Distribution Switchboards market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

Browse full research report at https://www.crystalmarketreport.com/global-and-china-low-voltage-distribution-switchboards-market-insights-forecast-to-2026

Crystal Market Reports

This report focus on Low-voltage Distribution Switchboards market.

A distribution switchboard is the point at which an incoming-power supply divides into separate circuits, each of which is controlled and protected by the fuses or switchgear of the switchboard. A distribution switchboard is divided into a number of functional units, each comprising all the electrical and mechanical elements that contribute to the fulfilment of a given function. It represents a key link in the dependability chain.

Consequently, the type of distribution switchboard must be perfectly adapted to its application. Its design and construction must comply with applicable standards and working practises.

Market Analysis and Insights: Global and China Low-voltage Distribution Switchboards Market

This report focuses on global and China Low-voltage Distribution Switchboards QYR Global and China market.

The global Low-voltage Distribution Switchboards market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.

Global Low-voltage Distribution Switchboards Scope and Market Size

Low-voltage Distribution Switchboards market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Low-voltage Distribution Switchboards market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Segment by Type, the Low-voltage Distribution Switchboards market is segmented into

Universal Distribution Switchboards

Functional Distribution Switchboards

Segment by Application, the Low-voltage Distribution Switchboards market is segmented into

Commercial

Industrial

Residential

Regional and Country-level Analysis

The Low-voltage Distribution Switchboards market is analysed and market size information is provided by regions (countries).

The key regions covered in the Low-voltage Distribution Switchboards market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape and Low-voltage Distribution Switchboards Market Share Analysis

Low-voltage Distribution Switchboards market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Low-voltage Distribution Switchboards business, the date to enter into the Low-voltage Distribution Switchboards market, Low-voltage Distribution Switchboards product introduction, recent developments, etc.

The major vendors covered:

Schneider Electric

ABB

Eaton

IRBIS Technology

Dorman Smith Switchgear

Alfanar

Siemens

Legrand Group

Jean Muller GmbH

Gustav Hensel GmbH

CHINT Electrics

Zhejiang Ouer Complete Frame

Vertiv Group

Browse full research report at https://www.crystalmarketreport.com/global-and-china-low-voltage-distribution-switchboards-market-insights-forecast-to-2026

Reasons to Buy This Research Report

About Crystal Market Reports

Crystal Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 400,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.

Contact Info.:-

Address: 911 Central Avenue #268
Albany New York 12206
Email: [email protected]
Phone: 1-518-730-1569
Web: https://www.crystalmarketreport.com

Categories
Energy News

Tire derived Fuel Market – Global Industry Report, 2026

The global tire derived fuel market is expected to witness a steady but slow growth in the near future. The market is expected to ride a wave of hope and optimism as instability in fuel producing continue to experience instability, driving higher prices. The global tire derived fuel market is also witnessing brighter prospects, thanks to growing demand for energy efficiency and conventional fuel usage. Some key players in the global tire derived fuel market are Liberty Tire Recycling, Ragn-Sells Group, Lakin Tire West Inc., ResourceCo Pty Ltd., Emanuel Tire, Renelux Cyprus Ltd.

The tire derived fuel or TDF is a product of various kinds of scrap tire material. Such scrap usually includes uniforms pieces of junk tires which meet the expectation of end-industries. These can be in the form of pulp, cement kilns, paper mills, and electric utilities. These tires help end-use industries lower costs, improve boiler efficiency, and reduce air emissions. According to recent estimates by the Environmental Protection Agency, or the EPA, the TDF raises equivalent amount of output to oil. It also produces nearly 20% to 50% more energy as compared coal. Moreover, it can double the output of energy produced from wood.

The global tire derived fuel market evaluation stood at US$342.4 mn in 2017. The market is expected to clock a steady CAGR of 2.9% during 2018-2026. Among various end-use applications in the market, the cement manufacturing is expected to register the highest demand during the forecast period. Currently, cement manufacturing companies consume as much as over 300,000 tons of coal per facility per year. The raw produce in the tire derived fuel market is expected to supplement this consumption in the near future. Among various regions, Asia Pacific is expected to lead demand for TDF in the near future. In Asia, Japan accounted for over 30% market share, while producing over 1 million scrap tyres in 2017. The growing demand in the region and increasing environmental regulations are major positives for the tire derived fuel market in the near future.

tire-derived-fuel-market.jpg

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Environmental Concerns to Drive Major Growth

TDF produces considerably low emissions, when produced at a well-controlled facility. Additionally, the fuel reduces dependence on fuels and is reasonably priced for a wide-scale commercial application. Moreover, in 2003, EU regulators mandated companies to find new ways to reduce landfill reserves of scrap tires. The limited capacity of landfills and the environmental pollution caused due to scrap tires are expected to keep the regulators vigilant in the near future. Furthermore, TDF has the same heating value to that of coal, usually around 13,000 to 15,000 BTUs or British Thermal Units. Long fuel residence time and high temperatures are expected to drive considerably higher demand in the tire derived fuel market in the near future.

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Low Recovery Rate to Pose a Challenge to Growth

Regions like Asia Pacific are witnessing a major growth in the automobile industry. Growing population, introduction of various automobiles, and rise in disposable income are expected to drive major growth for the industry in the near future. However, the region is also witnesses low-recovery rates of scrap tires, limiting its application. While government regulations are becoming increasingly stringent, these are still not on par with their counterparts in Europe and North America. However, growing awareness about the scrap tyre waste in landfills, and strong demand in the auto industry across developed regions due to trends like automated car are expected to result in significant opportunities in the near future. The tire derived fuel market is expected to witness a growing opportunity, thanks to advanced manufacturing techniques already available in countries like Japan.

The study presented here is based on a report by Transparency Market Research (TMR), titled, “Tire derived Fuel Market (Type – Shredded Tire, Whole Tire; End user – Pulp and Paper Mills, Cement Manufacturing, Utility Boiler) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”

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Energy News

Impact of COVID-19 on Produced Water Treatment Market to Reach US$ 10,566.4 Mn by 2026

The global produced water treatment market is projected to grow steadily in forthcoming years, according to Transparency Market Research (TMR). The produced water treatment market is reportedly fragmented at present. Top market players account for a significant share of the global produced water treatment market. Further, regional and domestic vendors constitute a substantial portion of the market in coming years.

Market players are leveraging technological innovations into their product with the aim of gaining better market share. For instance, Siemens has invested in secondary and advanced treatment technologies in the offshore sector to reduce oil spills and discharge into local water bodies. Further, players are seen focusing on efficiency by introducing water management services.

Global produced water treatment market vendors are likely to find rich growth opportunity in regions with high fresh water storage. The vendors in the market are seen focusing on strategic alliances, partnerships, and collaborations.

Prominent names in the global produced water treatment are Suez S.A., Veolia Water Technologies, Siemens AG, TechnipFMC plc., and Halliburton.

According to TMR, the global produced water treatment market was estimated to be worth US$ 5,693.8 Mn in 2017. With a CAGR of 7.2% over the period 2018 to 2026, the market is likely to reach a value of US$ 10,566.4 Mn by 2026-end.

In terms of value, the produced water treatment industry is expected to grow considerably over the forecast period in Asia Pacific and Europe. It is estimated that the market will drive during the forecast period to increase the exploration of oil and gas and to increase public infrastructure development projects. Increasing investment in offshore oil and gas exploration and manufacturing also leads to the implementation of produced water therapy throughout the globe. Increasing the manufacturing volume of oil and gas in the oil and gas industry is anticipated to drive demand for produced water therapy.

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Oil And Shale Gas Exploration Activities to Bolster Produced Water Treatment Market

Continuous growth of shale oil and gas exploration creates possibilities for the water treatment industry generated. Demand for energy use has increased as a result of the population rise; and the demand for produced water therapy is growing in environmental concerns. Many nations around the world invest in the discovery of offshore oil and gas. This drives the demand for water treatment generated throughout the world.

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Stringent Environmental Regulations to Fuel Growth

Strict rules on produced water discharge boundaries have resulted to an increase in the demands for sophisticated oil-water discharge techniques and an increase in oil recovery efficiencies. An increased use of fresh water and long-term release of treated water containing oil are anticipated to contaminate the current resources and in future lead to scarcity. Due to strict environmental protection legislation imposed by governments across all areas, the produced water treatment technologies markets are anticipated to expand.

For instance, by imposing minimized or zero oil-disposal limitations in disposed streams, Germany and the US controlled strict environmental policies and procedures. It is anticipated that regulation assistance will open up fresh roads over the next few years for higher E&P expenditure on coal bed methanol (CBM) and gas hydrates in Durgapur, Andaman, and Nicobar in India.

The study presented here is based on a report by Transparency Market Research (TMR) titled, “Produced Water Treatment Market (Technology – Primary, Secondary, Tertiary; Source – Natural Gas, Crude Oil; End use – Onshore, Offshore) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

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Energy News

Hybrid and Full Electric Marine Propulsion Market to Reach US$ 7,516.7 Mn by 2026

The global hybrid and full electric marine propulsion market bears a fairly fragmented vendor landscape, says Transparency Market Research (TMR) in a recently published report. This is solely because of the existence of large, medium, and small scale players in the market. BAE Systems, Wartsilla Corporation, AB Volvo Penta, Niigata Power Systems, and Fairbanks Morse Engine are the leading companies in the global hybrid and full electric marine propulsion market.

In this highly fragmented market, larger companies are trying to adopt some strategic alliances to gain better growth opportunities. These players are following vast regulations and requirements for ensuring reliability and safety of their products. Medium-sized vendors in the global hybrid and full electric marine propulsion market are looking out for opportunities to collaborate with larger players for improving their revenue indexes. Established companies are investing more in adopting marine propulsion technology, specifically renewable/hybrid technology for impelling their growth meter in the market. The competition is further getting intensified with the entry of numerous local players who are focusing hard on delivering quality services.

According to experts from TMR, the global hybrid and full electric marine propulsion market is expected to gain revenue worth US$7,516.7 mn by the end of 2026. The market stood at US$3,247.4 mn in 2017. Experts project this growth to occur at a promising CAGR of 9.8% during the forecast period from 2018 to 2026.

Among the various propulsion types in the market, demand for hybrid vessel segment is expected to boost the global hybrid and full electric marine propulsion market during the forecast period. This is because of high utilization of solar and renewable energy as storage option in hybrid vessels. Region wise, Europe is expected to account for a dominant share in the global hybrid and full electric marine propulsion market in the coming years. This is attributed to the increasing promotion about the development of carbon-free fuel efficient marine systems in the region.

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Rising Usage of Ferries for Transportation Purposes to Boost Market

Marine propulsion is a system or mechanism which is employed for generating thrust to move boat or ship across water. In hybrid and full electric marine propulsion systems, mostly battery packs are used for the propulsion. The minor difference between these two types of propulsions include the source of power for generating the propulsion. In full electric marine vessels, complete propulsion is made by the usage of rechargeable batteries. On the other hand, in hybrid marine vessels, alternate fuel such as LNG and Diesel as well as battery are utilized to make the propulsion. Such USPs are driving the global hybrid and full electric marine propulsion market. Along with this, governments’ stringent regulations in pertaining carbon emissions along with oil spillage are augmenting demand in the global hybrid and full electric marine propulsion market.

Furthermore, increasing number of marine ships for various operations and rising usage of ferries in coastal waterways are also boosting the global hybrid and full electric marine propulsion market. Apart from these, rapid incorporation of advanced technologies in marine propulsion systems is also fueling growth in the global hybrid and full electric marine propulsion market.

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Volatility in Costs of Crude Oil and Regulations in Marine Fuel Emissions Hinders Market’s Growth

A few major challenges hindering the growth of the global hybrid and full electric marine propulsion market include the volatile prices of crude oil and governments’ strict rules against marine fuel emissions. Nonetheless, the sluggish growth rate of the market is compensated by persistent demand for low-priced LNG and natural gas for making the propulsion in hybrid vessels. Such factors are believed to help overcome this challenge in the near future.

The review is based on a market research report by TMR, titled, “Hybrid and Full Electric Marine Propulsion Market (Propulsion Type – Hybrid Vessel, Full Electric Vessel; Vessel – Tugboats and OSVs, Ferries, Defense Vessels, Yachts, Cruise Ships; Power Rating – Up to 1 MW, 1.1-2 MW, 2.1-3.5 MW, Above 3.5 MW; RPM – 0-1,000 RPM, 1,001-2,500 RPM, Above 2,500 RPM) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”.

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Energy News

Impact of COVID-19 on Traction Equipment Market – Global Industry Report, 2027

Transparency Market Research has recently published a research report about the global traction equipment market. The research report expects the vendor landscape of the global market to remain fragmented as more number of players are expected to enter into the fray. The market is intensely competitive and innovation driven. Companies with high levels of technological infrastructure and highly viable and proficient products stand a chance for a sustainable future in the global traction equipment market. These leading players in the global market are expected to concentrate on developing technologically sound and advanced products in order to stay ahead of their competition.

Based on equipment, the traction equipment market was driven by traction engines in 2018. The segment registered a huge share of around 80% and is anticipated to hold its lead through 2027. Geographically, the global traction equipment market, in 2018, was driven by Asia Pacific with a share around 41% both by volume and revenue, both and has developed as the main income generator. The rapid development in economies and critical advancement of trade have contributed toward the extension of this market.

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Expanding Product Portfolio is Key for Market Leaders’ Development

Some of the key names in the global traction equipment market include names such as Toshiba International Corporation, TTM Rail – Transtech Melbourne Pty Ltd., Caterpillar Inc., VEM Group, Kawasaki Heavy Industries, and ABB Ltd. among others. Of these notable brands, ABB Ltd., has been the leading player that has set high industry standards. The company boasts of strong product portfolio catering to variety of needs of consumers and thus is expected to remain a dominant force in the market for a foreseeable future.

According to the research report by Transparency Market Research, the global traction equipment market is projected to exhibit a sluggish CAGR of 2.14% in terms of volume, for the given assessment period of 2019 to 2027. In 2018, the volume sale of the global traction equipment market was around 1.18 million units. With the mentioned rate of growth, the volume sales will rise to 1.40 million units by the end of 2027.

“On the other hand, in terms revenue growth, the global market is expected to exhibit a slightly better CAGR of 2.40% till the end of 2027”, says research analyst at TMR

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Asia Pacific to Continue Dominating Global Traction Equipment Market

Depending on the type of equipment, the global traction equipment market has been consistently dominated by traction engines since 2018. The segmented accounted for the lion’s share of nearly 80% of the overall market and is projected to continue to dominate in the foreseeable future.

“Geographically speaking, the global traction market is expected to be led by the regional segment of Asia Pacific. The region accounted for around 41% of the market share in terms of both volume and share and has thus become the chief contributor for the growth of the global market”, observes TMR analysts. In addition to this, fast economic and industrial developments in emerging nations such as India, China, and Philippines among others are also responsible for driving the development of the traction equipment market in the Asia Pacific region. Other regional segments such as North America and Europe are expected to show moderate growth rates in the near future.

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Global Traction Equipment Market – Key Developments

In September 2019, Mitsubishi Electric Corporation announced that it has been awarded a contract by Spanish train builder Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF) to supply high tech traction equipment for 88 Sprinter New Generation Electric Multiple Unit trains for the Dutch rail operator Nederlandse Spoorwegen.

In March 2019, Toshiba Infrastructure Systems & Solutions Corp (TISS) received an order for traction system electrical equipment for 520 commuter train carriages for the Taiwan Railways Administration (TRA). The order is for complete sets of traction system electrical equipment such as transformers, power converters and traction motors — primarily for commuter trains that run on a line (about 430km long) along the west coast of Taiwan.

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Categories
Energy News

Impact of COVID-19 on Solar Panel Recycling Market Share, Trends, Forecast 2027

Solar Panel Recycling Market: Introduction

  • The global solar panel recycling market was valued at ~US$ 40 Mn in 2018 and is anticipated to expand at a CAGR of ~37% during the forecast period
  • Based on process, the combination segment dominated the global solar panel recycling market in 2018. It comprises combination of different processes such as thermal, chemical, and mechanical.
  • Based on product, the silicon-based PV segment constituted dominant share of the global solar panel recycling market in 2018. Silicon-based PV has large installed base; as a result, silicon-based solar PV panels are estimated to hold large share of the solar panel recycling market in the near future.
  • Based on material, the glass segment held significant share of the global solar panel recycling market in 2018. It consists of the highest share of the overall solar module and can be recycled up to 95% of the total waste.
  • The solar panel recycling market in Europe is projected to expand at a substantial pace during the forecast period, owing to high installed base of solar panels in the region

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Key Drivers of Solar Panel Recycling Market

  • Rise in number of end-of-life solar panels across the globe is anticipated to drive the solar panel recycling market during the forecast period
  • Deployment of solar photovoltaic panels has been increasing significantly. Solar photovoltaic modules have a useful lifespan of approximately 25 years to 30 years.
  • The number of photovoltaic modules that reach the end of their useful life is likely to increase substantially after the time lag of operation and decrease in efficiency, resulting in waste generation
  • Sustainable waste management provides the benefits of 3Rs: reduce, reuse, and recycle. When a product cannot be repaired or reused, recycling is the next preferable option before its disposal as waste.
  • Solar panel recycling has become an important emerging market, owing to the presence of large volume of waste photovoltaic modules
  • The EU Waste Electrical and Electronic Equipment (WEEE) Directive, which was revised in 2012 (2012/19/EU), addresses the waste management of all electronics, including waste PV modules. It requires 75% recovery and 65% recycling rate of waste PV modules by mass to be recycled through 2016. The recovery/recycling rate then increased to 80%/75% through 2018 and to 85%/80% thereafter.
  • Thus, increase in end-of-life solar panels is anticipated to drive the global solar panel recycling market in the near future

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Europe Offers Lucrative Opportunities to Solar Panel Recycling Market

  • Europe is anticipated to be a highly attractive region of the global solar panel recycling market during the forecast period. The solar panel recycling market in Europe is estimated to expand at a significant pace between 2019 and 2027, as the region has the highest installed base of solar energy. Increase in number of end-of-life solar panels is anticipated to result in a rise in solar panel waste. Thus, demand for solar panel recycling is expected to increase in Europe in the near future.

Major Developments in Solar Panel Recycling Market

  • In January 2019, The Ministry of New and Renewable Energy (MNRE), India, proposed to follow the glass recycling procedure for solar photovoltaic (PV) panels under a new framework. It is expected to be made mandatory for solar power developers. Producers would be made responsible for ensuring recycling of end-of-life glass panels as part of their extended responsibility as in the case of e-waste, which covers used lead-acid batteries, packaging materials, etc.

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Competition Landscape of Solar Panel Recycling Market

  • The global solar panel recycling market is highly consolidated. A few international players hold significant share of the global solar panel recycling market.
  • Major players operating in the global solar panel recycling market are Morgen Industries, Inc., PV Recycling, Reclaim PV Recycling, Silcontel Ltd, Reiling Glasrecycling Danmark ApS, ECS Refining LLC, Envaris, SunPower Corporation, Reclaim PV Recycling Pty Ltd, First Solar, Recycle Solar Technologies Limited, and Total Green Recycling

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