#Europe Gas Generator Market Revenue

[prenasper]

Europe Gas Generator Market Growth, Trends, Demand, Industry Share, Challenges, Future Opportunities and Competitive Analysis 2033: SPER Market Research

The Europe Gas Generator Market encompasses the production, distribution, and utilization of gas-powered generators across European countries. With increasing concerns about energy security, environmental sustainability, and power reliability, the demand for gas generators is rising. Key drivers include the transition to cleaner energy sources, infrastructure development, and backup power requirements. Additionally, advancements in gas generator technology, such as improved efficiency and reduced emissions, contribute to market growth. Key players focus on innovation, product differentiation, and service quality to meet the diverse needs of customers and capitalize on market opportunities in Europe.

[gingerofsuburbia]

BDS Consumer Boycott Targets

Everything here is copied over from the BDS website.

Hewlett Packard Inc (HP Inc)

HP Inc (US) provides services to the offices of genocide leaders, Israeli PM Netanyahu and Financial Minister Smotrich. HPE, which shares the same brand, provides technology for Israel’s Population and Immigration Authority, a pillar of its apartheid regime.

Chevron (including Caltex and Texaco)

US fossil fuel multinational Chevron is the main corporation extracting gas claimed by apartheid Israel in the East Mediterranean. Chevron generates billions in revenues, strengthening Israel’s war chest and apartheid system, exacerbating the climate crisis and Gaza siege, and is complicit in depriving the Palestinian people of their right to sovereignty over their natural resources. Chevron has thousands of retail gas stations around the world under the Chevron, Caltex, and Texaco brand names.

Siemens

Siemens (Germany) is the main contractor for the Euro-Asia Interconnector, an Israel-EU submarine electricity cable that is planned to connect Israel’s illegal settlements in the occupied Palestinian territory to Europe. Siemens-branded electrical appliances are sold globally.

PUMA

Since 2018, we have called for a boycott of PUMA (Germany) due to its sponsorship of the Israel Football Association (IFA), which governs teams in Israel’s illegal settlements on occupied Palestinian land. In a major BDS win in December 2023, PUMA leaked news to the media that it will not be renewing its IFA contract when it expires in December 2024. Until then, it is still complicit, so we continue to #BoycottPUMA until it finally ends its complicity in apartheid.

Carrefour

Carrefour (France) is a genocide enabler. Carrefour-Israel has supported Israeli soldiers partaking in the unfolding genocide of Palestinians in Gaza with gifts of personal packages. In 2022, it entered a partnership with the Israeli company Electra Consumer Products and its subsidiary Yenot Bitan, both of which are involved in grave violations against the Palestinian people.

AXA

Insurance giant AXA (France) invests in Israeli banks financing war crimes and the theft of Palestinian land and natural resources. When Russia invaded Ukraine, AXA took targeted measures against it. Yet, Axa has taken no action against Israel, a 75-year-old regime of settler-colonialism and apartheid, despite its ongoing genocidal war on Gaza.

SodaStream

SodaStream is an Israeli company that is actively complicit in Israel's policy of displacing the indigenous Bedouin-Palestinian citizens of present-day Israel in the Naqab (Negev) and has a long history of racial discrimination against Palestinian workers.

Ahava

Ahava cosmetics is an Israeli company that has its production site, visitor center, and main store in an illegal Israeli settlement in the occupied Palestinian territory.

RE/MAX

RE/MAX (US) markets and sells property in illegal Israeli settlements built on stolen Palestinian land, thus enabling Israel’s colonization of the occupied West Bank.

Israeli produce in your supermarkets

Boycott produce from Israel in your supermarket and demand their removal from shelves. Beyond being part of a trade that fuels Israel’s apartheid economy, Israeli fruits, vegetables, and wines misleadingly labeled as “Product of Israel” often include products of illegal settlements on stolen Palestinian land. Israeli companies do not distinguish between the two, and neither should consumers.

Non-BDS Grassroots Boycotts:

McDonald’s (US), Burger King (US), Papa John’s (US), Pizza Hut (US), WIX (Israel), etc. are now being targeted in some countries by grassroots organic boycott campaigns, not initiated by the BDS movement. BDS supports these boycott campaigns because these companies, or their branches or franchisees in Israel, have openly supported apartheid Israel and/or provided generous in-kind donations to the Israeli military amid the current genocide. If these grassroots campaigns are not already organically active in your area, we suggest focusing your energies on our strategic campaigns above. 

Recently, McDonald’s franchisee in Malaysia has filed a SLAPP lawsuit against solidarity activists, claiming defamation. Instead of holding the Israel franchisee to account for supporting genocide, we are now witnessing corporate bullying against activists. For both these reasons, we are calling to escalate the boycott of McDonald’s until the parent company takes action and ends the complicity of the brand.

Remember, all Israeli banks and virtually all Israeli companies are complicit to some degree in Israel’s system of occupation and apartheid, and hundreds of international corporations and banks are also deeply complicit. We focus our boycotts on a small number of companies and products for maximum impact.

[mariacallous]

Editor's note: This report is the first in a series on “Europe’s energy transition: Balancing the trilemma” produced by the Brookings Institution in partnership with the Fundação Francisco Manuel dos Santos.

Providing a stable energy supply is often described in terms of a “trilemma”—a balance between supply security, environmental sustainability, and affordability. Of the three pillars of energy supply, security is the easiest to take for granted. Supply seems fine until it isn’t. Security of fossil fuel supply is particularly easy to ignore in countries that are striving to greatly reduce their fossil fuel consumption for climate reasons. The political focus is on building renewable energy and zero-carbon systems, and mitigating the economic, social, and political costs of transition; the thought was that the existing system would take care of itself until it was phased out. This was the case for much of Europe until two years ago.

Russia’s full-scale invasion of Ukraine on February 24, 2022, shocked Europeans into realizing that they could no longer take the security of their fossil fuel supply for granted. The assumption had been that Europe and Russia were locked into a mutually beneficial, secure relationship, since Europe needed gas and Russia had no infrastructure to sell that gas anywhere else. That belief turned out to be wrong. 

When the war began, Europe was importing a variety of energy products from Russia, including crude oil and oil products, uranium products, coal, and liquefied natural gas (LNG). But the Kremlin’s sharpest energy weapon was natural gas, delivered by the state-backed gas monopolist Gazprom via pipelines and based on long-term contracts. Europe needs gas for power generation, household heating, and industrial processes.

Before the invasion, more than 40% of Europe’s imported natural gas came from Russia, its single largest supplier, delivered via four main pipelines. Some European countries relied on Russia for more than 80% of their gas supply, including Austria and Latvia. But Germany was by far Russia’s largest gas customer by volume, importing nearly twice the volume of Italy, the next largest customer. “Oil and gas combined account for 60% of primary energy,” wrote the Economist in May 2022, “and Russia has long been the biggest supply of both. On the eve of the war in Ukraine, it provided a third of Germany’s oil, around half its coal imports, and more than half its gas.”  

This paper launches a project on European energy security in turbulent times by analyzing the European response to drastically reduced supplies of Russian pipeline gas. Future papers in the series will delve more deeply into specific aspects of European energy security and their policy implications. 

Russia’s actions to cut off gas supply to Europe starting in May 2022 were particularly virulent because it was extremely difficult to cope with the loss of such a large volume of gas. Other regional sources of pipeline gas (e.g., from the North Sea) have been declining and key sectors of European industry (e.g., chemicals) depend on gas as their primary energy source. LNG is a potential substitute for pipeline gas, but it requires specialized infrastructure and global LNG markets were already tight, with much of the world’s supply going to Asia.

The story of Europe’s adjustment to its main supplier of natural gas turning off the taps is generally told in heroic terms: with the continent securing new supply, conserving or substituting (often with generous government subsidies for industry and/or consumers) in order to weather the storm, and throwing Russia’s weaponization of gas back in its face through declining revenues. This narrative is not false, and the scale and speed of the response would certainly have been politically unimaginable before the invasion. But the self-congratulatory tale masks the fact that there were substantial regional differences in both energy supply and response to the crisis, which will make it difficult to generate a Europe-wide political response in the future. 

Even more importantly, the decoupling is by no means complete. Overall, in 2023, Europe still imported 14.8% of its total gas supply from Russia, with 8.7% arriving via pipelines (25.1 billion cubic meters or bcm) and 6.1% as LNG (17.8 bcm). (For comparison, during the first quarter of 2021, 47% of Europe’s total gas supply came from Russia, 43% via pipeline and 4% as LNG.)This means that the handful of member states that have not been able to or have not chosen to reduce their dependency remain highly vulnerable to Russia’s weaponization of energy imports. 

[global-research-report]

Residential Solar Power in Europe: Market Trends and Future Outlook

The Europe residential solar PV panels market size is expected to reach USD 62.33 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.6% from 2025 to 2030 Rising concerns over carbon gas emissions caused by power generation and the transition from nonrenewable energy to renewable energy are expected to result in a surge in the demand for residential solar energy and panels in Europe over the forecast period.

According to the European Commission, the price of solar PV panels decreased by 75% from 2009 to 2019 while the market demand grew. The cost of solar PV modules fell from USD 2.4 per watt to USD 0.4 per watt. The prices are projected to further decline during the forecast period. The demand for solar PV panels for residential use has been increasing owing to the rising costs of oil and gas and decreasing costs of solar PV panels, making them attractive to homeowners.

The growth of the thin film technology segment of the market can be attributed to the increased usage in commercial and utility-scale projects as these lightweight panels have reduced installation costs. The efficiency of thin-film modules is less compared to crystalline solar panels so the panels are installed in homes where large rooftops are available and where economies of scale can be achieved.

The on-grid segment dominated the market due to low operating costs as the excess electricity generated by them is transmitted to grids. The solar power generation systems being connected to the grid can transfer excess energy to the grid and do not require the installation of battery storage solutions in the house. On-grid solar PV panel installation is used in the residential sector as the government incentive schemes for solar PV installations require them to be connected to the grid. These reasons are expected to drive the growth of the market over the forecast period.

The government of France has implemented various incentive schemes to promote the use of solar PV panels for residential use as a part of its energy transition process from fossil fuels. The country provides preferential loans to homeowners who want to install solar PV panel systems in their houses.

The U.K. government has set a net-zero electricity grid target by 2035 and plans to stop using fossil fuels for energy generation. The country has been issuing favorable policies to achieve this target.  In January 2022, the government of the U.K. reduced the tax on solar PV panels and other renewable power generation products to promote the adoption of solar PV panels for residential applications. The value-added tax was reduced by 5% for the installation of residential solar PV panel systems.

The global spread of the COVID-19 disrupted supply chains and sharply curtailed demand for commodities worldwide. The restrictions imposed on the supply and transportation owing to slowing down or halting of operations of factories due to partial or complete lockdowns in different countries to contain the spread of coronavirus negatively impacted the growth of the Europe residential solar PV panels industry.

Europe Residential Solar PV Panels Market Report Highlights

In 2024, the thin film technology segment held the largest revenue share of 48.03% in 2024. The dominance can be attributed due to its narrow design, strong durability, and manufacturing from flexible & lightweight materials. Thin-film solar PV panels find major application in commercial and utility-scale projects as these lightweight panels have reduced installation costs

The on-grid type segment accounted for a revenue share of 95.30% in 2024. The dominant position of the segment can be attributed to the low operating cost of the on-grid system and grid-connected PV systems being able to transfer energy through the grid coupled with their non-complexity

The U.K. held the largest revenue share of 16.67% in 2024. Factors including reducing dependence on oil and gas for energy production and promotion of small-scale solar PV panel installation for self-consumption for end users are projected to drive the adoption of the solar PV panels for residential applications over the forecast period

Europe Residential Solar PV Panels Market Segmentation

Grand View Research has segmented the Europe residential solar PV panels market based on technology, grid type, and country:

Europe Residential Solar PV Panels Technology Outlook (Revenue, USD Million, 2018 - 2030)

Thin Film

Crystalline Silicon

Others

Europe Residential Solar PV Panels Grid Type Outlook (Revenue, USD Million, 2018 - 2030)

On Grid

Off Grid

Europe Residential Solar PV Panels Regional Outlook (Revenue, USD Million, 2018 - 2030)

Europe

France

Italy

Spain

UK

Germany

Poland

Portugal

Belgium

List of Key Players

DAIKIN INDUSTRIES, Ltd.

ON UK plc

EDF Group

Edison Spa

Enel Spa

ENGIE

ENI Group

Jinko Solar

LG Electronics

LONGi

TotalEnergies

Order a free sample PDF of the Europe Residential Solar PV Panels Market Intelligence Study, published by Grand View Research.

[snehalblog]

Harnessing Technology: The Future of Carbon Capture and Sequestration Market - UnivDatos

As per International Energy Agency data for 2020, globally, roughly 40 million metric tons of CO2 (MtCO2) is being captured and stored each year (mostly as part of enhanced oil recovery [EOR]). However, as per energy outlook analyses, to meet the emission target, it is estimated that CCS would be needed on the scale of upwards of 1,500 MtCO2 being captured per year by 2030 and between 5,000-10,000 MtCO2 being captured per year by 2050. If the Carbon Capture and Sequestration technology is deployed globally to address emissions as part of a broad suite of zero or low carbon technologies, the carbon capture industry would employ between 70,000-100,000 construction workers and between 30,000-40,000 facility operators by 2050, with additional employees to build and maintain CO2 transport and storage network

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Covid-19 pandemic have impacted all section of the society and industry and Carbon Capture and Sequestration market is no exception. Covid-19 pandemic has resulted in slow growth of the energy and power sector in most of the economies globally, as many countries are resorting to nationwide lockdowns to prevent a spread of the virus. Globally, as of 2020, there were 26 large-scale facilities capture approximately 40 millions of CO2 per year in operation, with US being home of 12 commercial-scale carbon capture facilities, with the capacity to capture approximately 23.5 million tons of CO2 annually.

According to UnivDatos Market Insights (UMI)’ research report “Global Carbon Capture and Sequestration Market”, the market is expected to witness a CAGR growth of 22.8% during the forecast period 2023-2030F. Rising number of EOR Projects to reduce Carbon Emissions, rising Government investments on Carbon Capture technology and Growing investments from the private sector companies are the major factors driving the growth of global Carbon Capture and Sequestration market. However, lack of fund (majorly in the developing regions) to act as a major challenge for the growth of the industry. Furthermore, Prevalence of Carbon Capture Plants in the US, to provide growth opportunity for the North America Region.

Based on the Service, the Global Carbon Capture and Sequestration Market is bifurcated into Capture (combustion and industrial separation), Transport, Sequestration. Currently, Carbon Capture segment dominate the market and is expected to maintain its dominance during the forecast period.

Based on capture source, the market is segmented into segmented into Chemicals, Natural Gas Processing, Power Generation, Fertilizers Production, Others. Natural Gas Processing and Power Generation together generated major revenue share in 2020.

Based on source category, the Global Carbon Capture and Sequestration Market is bifurcated into EOR and dedicated geological straoge. Currently, EOR segment dominated the market. However, during the forecast period, dedicated geological storage category is likely to showcase the fastest growth rate.

Europe to witness highest growth

Based on region, the report provide detail analysis for overall adoption of Carbon Capture and Sequestration in major region including North America (US, Canada), Europe (Germany, UK, France, Italy, Spain), Asia-Pacific (China, India, Japan, Australia), Middle East & Africa (South Africa, UAE, Saudi Arabia), and South America (Brazil, Argentina). Europe is likely to showcase the fastest growth rate during the forecast period owing to expected commissioning of large-scale commercial projects in the region.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Carbon Capture and Sequestration market are Fluor Corporation, Linde AG, Shell, Petrobras, Chevron, TotalEnergies, Equinor, China National Petroleum Corporation, ExxonMobil, ADNOC Group. These companies are investing heavily on technology to increase their customer base.

Some of the instances are:

§  Total, Equinor, and Shell together invested over US$ 680 million on the Northern Lights CCS project for phase 1. The ongoing project aims at developing robust infrastructures for the transportation and storage facilities for 1.5 metric tons per annum (MTPA) carbon dioxide

§  US Department of Energy (DOE) granted US$11.05 million for projects FLExible Carbon Capture (FLECCS). The project when completed would provide an efficient natural gas power generation system and upgrade the existing technology

§  Exxonmobil, recently announced a US$3 billion investment over the next 5 years in new carbon capture and storage (CCS) projects

§  In 2021, ExxonMobil announced the creation of a new business “ExxonMobil Low Carbon Solutions” to commercialize and deploy emission-reduction technologies. The unit would initially focus on carbon capture and storage (CCS), one of the critical technologies required to achieve net zero emissions and the climate goals outlined in the Paris Agreement

“Global Carbon Capture and Sequestration Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Service (Capture (Combustion and Industrial Separation), Transport, Sequestration)

2.     By Capture Source (Chemicals Production, Natural Gas Processing, Power Generation, Fertilizers Production, Others)

3.     By Storage (EOR and Dedicated Geological Storage)

4. By Region (North America (US, Canada), Europe (Germany, UK, France, Italy, Spain), Asia-Pacific (China, India, Japan, Australia), Middle East & Africa (South Africa, UAE, Saudi Arabia), and South America (Brazil, Argentina))

5.     By Company (Fluor Corporation, Linde AG, Shell, BP, Chevron, Total SA, NRG Energy, China National Petroleum Corporation, ExxonMobil, ADNOC Group etc.)

[researchrealmblog]

The Market for Heat Transfer Fluids is Led by Mineral Oil

In 2021, the global heat transfer fluids market had a total size of USD 3,628.1 million, and it is predicted to hit USD 8,247.1 million by 2030, progressing at a rate of 9.6% from 2021 to 2030, according to a research report by a market research company P&S Intelligence.

Heat transmission solutions are liquids that are used as a standard or carrier to convey heat from one location to another. Thermal conductivity and high diffusivity, low viscosity and non-corrosive nature.

This growth can be credited to the extensive utilization of such fluids in chemical making and processing. Moreover, their anti-freezing chartersticks at tremendously low temperatures are quickening their utilization in a range of sectors, such as solar power, oil and gas, manufacturing, chemical, and biodiesel.

The developing nations of LATAM and APAC, including India, China, Mexico, and Brazil are giving numerous prospects for heat transfer fluid producers. In such regions, the end-use businesses have grown majorly. For example, India, China, and Brazil's emerging solar business aids the requirement for such fluids. Furthermore, in APAC, utilization of such fluids is projected to be the uppermost at concentrated solar plants.

Heat exchangers are utilized in almost all industry where power is needed for burning, reaction, or the alteration of a precise chemical. Heat transfer liquids accumulate heat and shift it from one location to another, in heat exchangers.

On the basis of the production and sale, North America is rapidly becoming one of the most alluring industries for heat transfer fluids makers. It is an industry with a high disposal revenue and manufacturing productivity. The thriving CSP and biodiesel businesses in the North America are another vital element rising the potential requirements for HTFs.

Also, the requirement for high-temperature heat transfer liquids has augmented as a result of the growing activity in the CSP industry in Europe. One of the most-effective approaches of renewable power generation is the CSP technology.

Europe has become one of the major utilizers of heat exchanging device because of the significant investments and technological advances in a range of businesses, which has, ultimately, augmented the requirement for such fluids.

In the coming few years, the APAC region is all set to experience highest CAGR, of above 12%, with a significantly rising demand for all key HTFs. The region is a looked-for location for the market companies to spend in because of the obtainability of low-cost labor and raw materials, and also the rising local demand.

Hence, the heat transfer fluids market is boosted by the rising oil and gas sector, growing emphasis on concentrated solar energy, and thriving chemical production.

Source: P&S Intelligence

[steelindiacompany-blog]

Forged Fittings Manufacturers in India

Forged fittings form an important part of the industry sector in oil and gas, chemical processing, petrochemicals, construction, and power generation. In India, the market for forged fittings has been growing robustly, thanks to the increasing demand for quality infrastructure and the expansion of key industries across the country. Here’s an insight into the forged fittings manufacturing industry in India, covering why these products are essential, the unique qualities of Indian manufacturers, and the current trends shaping the sector.

The Forged Fittings Manufacturers in India are used for the connection of pipes in liquid- or gas-carrying systems and other media that requires ultimate strength without failure. Manufacture usually comprises heating steel or other alloys to elevated temperatures and shaping them under high pressure, thus providing excellent strength and resilience. Owing to its high resistance towards corrosion and long service life with large pressure ranges, these fittings prove to be great for usage in refineries, power plants, as well as chemical plants.

Why India is an ideal Location for Forged Fittings Manufacture For the reason of numerous facts, India has emerged recently as the hub for the manufacturing of forged fittings.

Abundant Raw Materials: India has enormous iron ore and steel reserves, which form the raw materials for forging. This provides adequate raw material to producers to acquire at least fairly low prices.

Skilled Workforce: India has an enormous talent pool of engineers and technicians who are specialists in metal forging and precision manufacturing. This ensures quality fittings that meet international standards.

Most of the Indian manufacturers adopt high-tech forging technologies nowadays for producing fittings in dimensions having high mechanical strength. Various companies make use of latest machineries and tools; therefore, they are able to provide fittings in different sizes, shapes, and materials suited to a particular industry requirement.

Cost Efficiency: The relatively lower cost of production in India, as compared to Western countries, has attracted clients worldwide. Indian manufacturers can offer competitive pricing without compromising quality, making India an attractive choice for international buyers.

Some trends are shaping the forged fittings industry in India, and they highlight the sector’s continuous evolution:

There is demand for customization, which is growing by the day. Customers today are seeking fittings tailored to their particular requirements, like sizes that are abnormal in measurement or unique in shape or alloy composition. Indian manufacturers have strengthened their capabilities in customization so as to compete against competitors in the international market.

The emphasis is on quality certifications: Indian companies want to have more and more international certifications like ISO, ASTM, and ASME since they signify compliance with international standards of quality. It makes them feasible for new clients in the global market.

Export Market Growth: The need for Indian forged fittings had gone beyond the domestic market. The product was being consumed in the Middle East, Southeast Asia, Europe, and North America. International markets are now an integral part of the revenue basket of many companies. With international standards and preferences for their product, companies adjust their offerings accordingly.

The Forged Fittings Manufacturers in India has experienced extraordinary growth and this was all because of the high demands from both the domestic markets and the international markets as well. India becomes one of the leading suppliers globally because of the availability of raw materials, skilled workforce, latest technology, and favorable price quotes.

[insightsresearch]

Printed & Flexible Sensors Market New Innovations Trends, Research, Global Share and Growth Factor

Analysis of Printed & Flexible Sensors Market Size by Research Nester Reveals the Market to Grow with a CAGR of 8.2% during 2025-2037 and Attain USD 29.5 billion by 2037

Research Nester assesses the growth and market size of the global printed & flexible market which is anticipated to be on account of the increasing demand for smartphones, laptops, and tablets.

Research Nester’s recent market research analysis on “Printed & Flexible Sensors Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global printed & flexible market in terms of market segmentation by printing technology, type, application, and by region.

Increased Integration in Biomedical Applications to Promote Global Market Share of Printed & Flexible Sensors

 The global printed & flexible sensors market is estimated to grow majorly due to the growing advancements and clinical approvals in biosensor technology. For instance, in May 2020, a global pioneer in health technology, Royal Philips, announced that the FDA approved its wearable biosensor, the Philips Biosensor BX100, under 510(k) to help monitor COVID-19 patients in hospitals, both proven and suspected. In the Philips patient deterioration detection system, the next-generation wireless wearable biosensor improves clinical monitoring to assist clinicians in identifying danger, allowing them to respond sooner and contributing to better patient care in lower acuity care areas. Because of their versatility and stretchability, flexible sensors have been utilized daily and have led to considerable breakthroughs, particularly in biomedical applications where they can adapt to complex geometries and be used on curved surfaces.

Medical biosensors are used in several instruments, including blood gas analyzers, pregnancy testing, blood glucose monitors, and cholesterol tastings. Proteins, nucleic acids, enzymes, and antibodies are some of the biological components that biosensors can detect and measure.

Some of the major growth factors and challenges that are associated with the growth of the global printed & flexible sensors market are:

Growth Drivers:

Growing technological advancements

Increased use in the production of sustainable energy

Challenges:

Conductive ink is cost-effective and easy to use compared to printed & flexible sensors. Also, the high costs of these sensors and inability to handle danger may impede the growth of printed & flexible sensors market.

Access our detailed report at: https://www.researchnester.com/reports/printed-and-flexible-sensors-market/6427

By printing technology, the global printed & flexible sensors market is segmented into flexographic, inkjet, and screen. The inkjet segment is expected to garner the highest revenue in 2037 at a significant CAGR over the forecast period. The expanding developments in inkjet printing technology and an increase in demand from various industries are responsible for the segment's expansion. For example, in July 2024, Ventec Giga Solutions, the value-added PCB equipment unit of Ventec, and Hi-Print worked together to launch the market's most cutting-edge inkjet printer for solder mask technology. With up to ten state-of-the-art printheads and the first-ever completely customizable three-color ink supply system, the Hi-Print SD11 Inkjet printer is a scalable, reconfigurable, modular, and adaptable system designed for PCB creation that will never go out of style. Furthermore, inkjet printing has several advantages when creating printed and flexible sensors, including the ability to create complex patterns, compatibility with a wide range of materials, and high resolution.

By region, the Europe printed & flexible sensors market is poised to generate the highest revenue by the end of 2037. The European automotive sector represents a significant market for printed and flexible sensors. These sensors offer functionalities such as touch-sensitive surfaces, driver assistance systems, and structural health monitoring, which are seamlessly integrated into the interiors of smart cars. The region's robust automotive manufacturing base, coupled with a strong emphasis on sustainability and connected vehicles, is driving the market demand for printed and flexible sensors.

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This report also provides the existing competitive scenario of some of the key players which includes the Canatu Oy, Interlink Electronics, Inc., Tekscan, Inc., Prophesee SA, Henkel AG & Co., KGaA, Peratech Holdco Limited, KWJ Engineering, T+Ink, Inc., Thin Film Electronics ASA, Renesas Electronics Corporation, and others.

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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[trendsofmarket]

Analysis of Biosensor Technologies Market Industry Analysis, Size, Share, Growth, Trends and Forecast

Research Nester assesses the growth and market size of global biosensor technologies market which is anticipated to be on account of the rising agriculture industry and rising utilization in the oil and gas sector.

Research Nester’s recent market research analysis on “Biosensor Technologies Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitors analysis and a detailed overview of the global biosensor technologies market in terms of market segmentation by application, end-user, technology, product and by region.

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Increasing Requirement for Environment Monitoring and Rising Demand for Food to Promote Global Market Share of Biosensor Technologies Market

The global biosensor technologies market is estimated to grow majorly on account of the increased application of biosensors in the medical field and the rising prevalence of diabetes globally. Diabetes can be effectively treated with the use of biosensors to diagnose the diabetic condition and treat it appropriately. These biosensors are clinically efficacious, reasonably priced, and easy to use and can remarkably improve results for diabetes. In the year 2025, almost 537.1 million adults were living with diabetes and this number is projected to rise to almost 643.1 million by the year 2030. Hence, on the back of the rising number of diabetic patients all across the globe, the global biosensor technologies market is projected to flourish during the forecasted period. Some of the services such as pregnancy testing, blood glucose testing, cholesterol testing, and drug detection services in the healthcare sector are projected to have a positive impact on the global biosensor technologies market during the forecasted period. Also, there is a rise in demand for health-related homecare equipment that is bolstering the global biosensor technologies market during the forecasted period. In fact, biosensors are also widely used in drug discovery, environment monitoring, food quality monitoring, and water quality management. Furthermore, in a survey, almost 72.1% of the participants checked for food labels while purchasing the food item. Hence, the rising awareness in the population regarding the food quality, the global biosensor technologies market is projected to flourish during the forecast period.

Some of the major growth factors and challenges that are associated with the growth of the global biosensor technologies market are:

Growth Drivers:

Rising Need for Environment Monitoring

Increasing Environmental Pollution Control 

Challenges:

High cost of development, complex technology, and strict regulatory processes are some of the major factors anticipated to hamper the global market size of the global biosensor technologies market.

Access our detailed report at:

By technology, the global biosensor technologies market is segmented into electrochemical, optical, piezoelectric, thermal, and Nanomechanical. Out of these, the electrochemical segment is projected to garner a robust share of almost 73.1% during the forecasted period. The growth of the segment can be attributed to the various attributes of the electrochemical biosensor such as precision and ease of usage.

By region, the Europe biosensor technologies market is to generate the highest revenue by the end of 2037. The growth of the market in the region can be attributed to the rising awareness of the product amongst population.

This report also provides the existing competitive scenario of some of the key players of the global biosensor technologies market which includes company profiling of Bio Rad Laboratories Inc, Abbott Laboratories, Medtronic, LifeScan, Inc., QTL Biodetection LLC, Molecular Devices Corp., Nova Biomedical, Molex LLC, Biosensors International Group, Ltd., Pinnacle Technologies Inc., DuPont Biosensor Materials, Johnson & Johnson, Zimmer & Peacock AS, Koninklijke Philips N.V., TDK Corp., Siemens Healthcare and others.     

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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Thermosetting Plastics Market Size, Regional Revenue and Outlook 2025-2037

Research Nester assesses the growth and market size of the global thermosetting plastics market which is anticipated to be on account of the rising demand for bio dependent thermosetting plastic

Research Nester’s recent market research analysis on “Thermosetting Plastics Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitors analysis and a detailed overview of the global thermosetting plastics market in terms of market segmentation by type, molding process, end-user industry and by region.

Growing Demand for Bio-Based Thermosetting Plastics to Promote Global Market Share of Thermosetting Plastics Market

Request Free Sample Copy of this Report @ https://www.researchnester.com/sample-request-5892

The global thermosetting plastics market is estimated to grow majorly on account of the increased demand for polyurethane in the automotive industry. Some common uses of thermoset plastics across numerous industries and sectors include water & gas pipelines, medical equipment, storage boxes, and construction machinery parts. Since the thermosetting plastics are flexible and lightweight. Thermoset composites remain stable at all temperatures and in all ambiance. For instance, Bakelite is the most common thermoset plastic that is widely used in kitchenware, jewelry, children's toys, and pipe stems. Bakelite is also used in making switches because of its poor conductivity to electricity and heat. Other than this, epoxy resin is also applied to floors and various other surfaces to add tough coating. The global epoxy resin production stood at almost 3600 thousand tonnes in the year 2022. On the back of the rising utilization of thermoset plastics on various devices, the global thermosetting plastics market is anticipated to grow during the forecasted period. Other than this, the rising growth in the construction industry and rising demand for polyurethane in the automotive industry. Also, the advent of bio-based plastics is likely to showcase growth opportunities for the global thermosetting plastics market during the forecasted period. The properties such as chemical resistance, heat resistance, and structural integrity of the thermoset plastics are also going to augment the growth of the global thermosetting plastics market during the forecasted period.

Some of the major growth factors and challenges that are associated with the growth of the global thermosetting plastics market are:

Growth Drivers:

Rising Demand for Bio-depended Thermosetting Plastics

Surging Utilization of Thermosetting Plastics Making Kitchen Utensils 

Challenges:

The rising feedstock crunch and exorbitant cost of thermosetting plastics, stringent government policies, and problems related to manufacturing techniques are some of the major factors anticipated to hamper the global market size of the global thermosetting plastics market.

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By type, the global thermosetting plastics market is segmented into unsaturated polyesters, polyurethanes, phenolic, epoxy, amino, alkyd, vinyl, and ester. Out of these, the unsaturated polyesters segment is expected to grow the most during the forecasted period. The growth can be attributed to the outstanding thermal opposition and high creep power of the materials.

By region, the Europe thermosetting plastics market is to generate the highest revenue by the end of 2036. The rising demand for thermosetting plastics can be attributed to the increasing utilization of epoxy for making various appliances.

This report also provides the existing competitive scenario of some of the key players of the global thermosetting plastics market which includes company profiling of Alchemie Ltd., Celanese Corporation, LANXESS, DAICEL CORPORATION, INEOS, BASF SE, Covestro A.G., BUFA GmbH & Co. KG, Daicel Corporation, Eastman Chemical Company, Asahi Kasei Corporation, Mitsui Chemicals, Inc., NIPPON STEEL Chemical & Material Co., Ltd., INOAC Corporation and others.     

Access our detailed report @ https://www.researchnester.com/reports/thermosetting-plastics-market/5892

About Research Nester-

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

Contact for more Info:

AJ Daniel

Email: info@researchnester.com

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

[businessresearchinsights]

Commercial Internal Combustion Engines Market 2024 Expected to Reach Significant Rate by 2032

Global “Commercial Internal Combustion Engines Market” research report provides an in-depth analysis of the market, including data on unit sales by region, product sales by type [Petroleum Internal Combustion Engines, Natural Gas Internal Combustion Engines] and application [Marine, Automotive, Aircraft, Other], product size, share, growth, and revenue in USD. The report covers the latest market trends, future growth opportunities, and the competitive landscape, so businesses can make informed decisions that support their growth and success.

What Are The Prominent Key Player Of the Commercial Internal Combustion Engines Market?

Caterpillar

CSIC

CSSC

Yanmar

General Motors

Mitsui E&S

DAIHATSU

Mitsubishi

Hyundai

STX Engine

Weichai

Hitachi Zosen

IHI Power

Rolls-Royce (MTU)

Doosan

Kawasaki

Cummins

Kawasaki

MAN SE

Mahindra Heavy Engines

Shanghai Diesel Engine

Browse More Details On This Report at - https://www.businessresearchinsights.com/market-reports/commercial-internal-combustion-engines-market-107796

Commercial Internal Combustion Engines Market Report 2023 Highlights:

Comprehensive Insights: The Commercial Internal Combustion Engines Market Report delivers vital data, statistics, and trends to businesses globally.

Competitive Analysis: It offers in-depth insights into the competitive landscape and industry potential, serving as a critical tool for decision-makers across industries.

Key Regions and Countries: Top-performing markets include the United States, Canada, Mexico, Germany, France, the United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia. The report also focuses on the development of major regional markets such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Market Evaluation: The report assesses the market potential by examining factors such as type, application, capacity, and end-use industry.

Trends and Dynamics: The global market is analysed based on key drivers, restraints, current trends, and market dynamics.

Industry Forecast: The report provides actionable insights into significant drivers, challenges, and opportunities, helping businesses make well-informed strategic and investment decisions.

Regional Segment of Commercial Internal Combustion Engines Market:

Geographically, the report includes research on production, consumption, revenue, market share, and growth rate, and forecast of the Top Countries Data -

North America (United States, Canada, and Mexico)

Europe (Germany, UK, France, Italy, Russia and Spain, etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)

South America (Brazil, Argentina, Colombia, etc.)

Middle East and Africa (South Africa, UAE, Saudi Arabia, etc.)

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Phone:

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Email: sales@businessresearchinsights.com

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[global-research-report]

Renewable Energy Market Forecast: Innovations and the Path to 2025

The global renewable energy market size is expected to reach USD 3.60 trillion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.2% from 2024 to 2030. Numerous governments across the world have framed various regulations to reduce Greenhouse Gas (GHG) emissions. The shift toward low-carbon fuels and the presence of stringent environmental regulations in most of the developed countries have provided a major boost to the renewable energy sector. Due to climate change and increasing environmental concerns, most governments have set targets to cut down their emissions. As a result, there have been huge investments in renewable energy and alternate fuels, and this trend is expected to continue in the coming years.

Thus, the increasing inclination toward eco-friendly products to reduce emissions is expected to fuel the demand for renewable energy over the forecast period. The hydropower segment accounted for a share of 16.65% of the overall revenue in 2023. Hydropower, also known as hydroelectric power, offers advantages to communities and plays a crucial role to help climate change by providing storage, power, and flexibility services. It is a domestic source of energy, which allows each state to generate its own energy without reliance on any international fuel sources. The solar Power segment is expected to witness the largest growth over the forecast period owing to it being low in cost and reducing electricity interruptions. The industrial segment was the largest in 2023 and accounted for a revenue share of about 61.90%.

The growing demand for clean electricity is expected to increase the number of utility projects and fuel the PV modules market growth across the industrial sector. The commercial segment is expected to grow at the fastest CAGR over the forecast period. The rapid adoption of PV modules in corporate offices, hotels, and hospitals is expected to drive product demand across the commercial sector coupled with increased power demand in communication base stations and data centers. The market in Asia Pacific was the largest in 2023 with a revenue share of 40.98%. The increasing demand for renewable energy in Asia Pacific is attributed to the rising installation of solar power projects in China and India.

These countries are the key markets for solar panels, both globally and in Asia Pacific. In addition, other countries in the region, including Australia and Japan, have high growth potential for the market as they have been investing largely in solar power generation for the last few years. Major players in the industry are focusing on innovation and technological advancements to reduce the cost of renewable energy and make it competitive with traditional power sources, such as natural gas and coal. In addition, industry participants are emphasizing practicing several strategic initiatives, such as joint ventures, partnerships, and mergers & acquisitions, to strengthen their foothold in the global market over the coming years.

Renewable Energy Market Segmentation

Grand View Research has segmented the global renewable energy market report based on product, application, and region:

Renewable Energy Product Outlook (Volume, TWh; Revenue, USD Billion, 2018 - 2030)

Hydropower

Wind Power

Solar Power

Bioenergy

Others

Renewable Energy Application Outlook (Volume, TWh; Revenue, USD Billion, 2018 - 2030)

Industrial

Residential

Commercial

Renewable Energy Regional Outlook (Volume, TWh; Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

Italy

UK

Norway

Asia Pacific

China

India

Japan

Australia

Central & South America

Brazil

Argentina

Middle East and Africa

Iran

Egypt

Key Companies profiled:

ABB

Acconia S.A.

Enel Spa

General Electric

Innergex

Invenergy

Schneider Electric

Siemens Gamesa Renewable Energy, S.A.

Suzlon Energy Ltd.

Tata Power

Order a free sample PDF of the Renewable Energy Market Intelligence Study, published by Grand View Research.

[latestmarketresearchnews]

Microgrid Industry Size, Trends, Value, Sales and Forecast 2030

The global microgrid market size is expected to reach USD 224.34 billion by 2030, registering a CAGR of 17.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The improvement in manufacturing sectors of emerging markets including Mexico, China, and India as a result of favorable government policies to attract investments is expected to promote market growth.

Microgrid differs from conventional electrical distribution systems as it acts as a close proximity medium between the power generation and power consumption sources which results in increasing efficiency and reducing transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations.

The rising importance of captive electricity generation as a key alternative to the regulated power supply by municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact. Furthermore, the rising production output of unconventional sources including shale gas in the U.S. and Canada as a result of high utilization of fracking technology is expected to ensure access of natural gas as a power source over the next eight years.

Gather more insights about the market drivers, restrains and growth of the Global Microgrid Market

Microgrid Market Report Highlights

The Combined Heat & Power (CHP) power source segment dominated the global market and accounted for more than 37.0% of the overall revenue share in 2023. Shifting preference from conventional Separate Heat & Power (SHP) system to energy generation from single fuel is expected to have a substantial impact on the segment growth.

The grid-connected product segment dominated the global market and accounted for more than 65.0% of the overall revenue share in 2023. The rising popularity of smart micro-grid-connected PV systems to provide electricity to consumers by reducing transmission losses is expected to have a substantial impact.

North America led the global market and accounted for more than 35.0% of the overall revenue share in 2023. The high adoption rate of captive power generation methods in the industrial and municipal sectors of the U.S. for reducing reliance on the government-controlled power supply is expected to have a substantial impact.

Browse through Grand View Research's Distribution & Utilities Industry Research Reports.

Generator Sets Market: The global generator sets market size was valued at USD 34.2 billion in 2024 and is projected to progress at a CAGR of 9.3% from 2025 to 2030.

LPG Tankers Market: The global LPG tankers market size was estimated at USD 209.41 million in 2024 and is projected to grow at a CAGR of 5.4% from 2025 to 2030.

Microgrid Market Segmentation

Grand View Research has segmented the global microgrid market on the basis of on power source, product, application, and region:

Microgrid Power Source Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Natural Gas

CHP

Solar PV

Diesel

Fuel Cell

Others

Microgrid Product Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Remote

Grid Connected

Hybrid

Microgrid Application Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Government

Education

Commercial

Utility

Defense

Others

Microgrid Regional Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

Asia Pacific

China

India

Central & South America

Brazil

Middle East & Africa

Order a free sample PDF of the Microgrid Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Microgrid Market Growth Analysis & Forecast Research Report, 2030

The global microgrid market size is expected to reach USD 224.34 billion by 2030, registering a CAGR of 17.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The improvement in manufacturing sectors of emerging markets including Mexico, China, and India as a result of favorable government policies to attract investments is expected to promote market growth.

Microgrid differs from conventional electrical distribution systems as it acts as a close proximity medium between the power generation and power consumption sources which results in increasing efficiency and reducing transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations.

The rising importance of captive electricity generation as a key alternative to the regulated power supply by municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact. Furthermore, the rising production output of unconventional sources including shale gas in the U.S. and Canada as a result of high utilization of fracking technology is expected to ensure access of natural gas as a power source over the next eight years.

Gather more insights about the market drivers, restrains and growth of the Global Microgrid Market

Microgrid Market Report Highlights

The Combined Heat & Power (CHP) power source segment dominated the global market and accounted for more than 37.0% of the overall revenue share in 2023. Shifting preference from conventional Separate Heat & Power (SHP) system to energy generation from single fuel is expected to have a substantial impact on the segment growth.

The grid-connected product segment dominated the global market and accounted for more than 65.0% of the overall revenue share in 2023. The rising popularity of smart micro-grid-connected PV systems to provide electricity to consumers by reducing transmission losses is expected to have a substantial impact.

North America led the global market and accounted for more than 35.0% of the overall revenue share in 2023. The high adoption rate of captive power generation methods in the industrial and municipal sectors of the U.S. for reducing reliance on the government-controlled power supply is expected to have a substantial impact.

Browse through Grand View Research's Distribution & Utilities Industry Research Reports.

Generator Sets Market: The global generator sets market size was valued at USD 34.2 billion in 2024 and is projected to progress at a CAGR of 9.3% from 2025 to 2030.

LPG Tankers Market: The global LPG tankers market size was estimated at USD 209.41 million in 2024 and is projected to grow at a CAGR of 5.4% from 2025 to 2030.

Microgrid Market Segmentation

Grand View Research has segmented the global microgrid market on the basis of on power source, product, application, and region:

Microgrid Power Source Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Natural Gas

CHP

Solar PV

Diesel

Fuel Cell

Others

Microgrid Product Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Remote

Grid Connected

Hybrid

Microgrid Application Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Government

Education

Commercial

Utility

Defense

Others

Microgrid Regional Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

Asia Pacific

China

India

Central & South America

Brazil

Middle East & Africa

Order a free sample PDF of the Microgrid Market Intelligence Study, published by Grand View Research.

[researchrealmblog]

Demulsifier Market To Reach USD 3,485.6 Million by 2030

The size of the demulsifier market was USD 2,414.6 million in 2021, and it will grow at a rate of 4.2% in the years to come, to reach USD 3,485.6 million by 2030, as per a market research company, P&S Intelligence.

The increasing economic growth and the increasing living standards, disposable income, and power requirements are main drivers for the snowballing requirement for crude oil. Its refining is significantly influenced by the surge in global energy consumption, increased industrialization, and increase in government investments for improving oil and gas infra.

Crude oil is generally used as a combustible fuel, and it is likewise essential as a raw material in the production of around 90% of chemical products, such as solvents, plastics, polyurethane and innumerable other intermediate and finished products. The fast industrialization and urbanization bring an increase in requirement for processing crude oil, aiding the growth of the industry.

Moreover, the market progressions are supported by the surge in demand of petroleum from the automobile sector. For instance, in the recent past, the average consumption of petroleum in the U.S. was 19.78 million barrels everyday (b/d). The entire petroleum use in the nation has increased by 8% since 2020.

Also, as the aviation industry expands, there is a better need for petroleum of higher quality. Therefore, these reasons are accountable for the increase in petroleum processing, which, in turn, drives the industry.

MEA is the leadingdemulsifier market for demulsifiers, followed by North America, Europe, APAC, and LATAM. This market will also witness the fastest growth in the years to come. This is because of the enormous deposits of crude oil.

Additionally, APAC will grow significantly, with a rate of over of over 3.7%, in the years to come. The increasing financial growth, fast urbanization, and increasing purchasing power are driving businesses for establishing industrial facilities, which, in turn, drive the requirement for demulsifiers.

Furthermore, the increasing end-use industries, such as oil & gas, pharma, and cottonseed oil, ease in government strategies, and the increase in investments in the oil & gas industry will all contribute to the momentous growth of the industry.

Oil-soluble demulsifiers had a larger revenue, of USD 2,014.2 million, in the recent past. This has a lot to do with the added compensations they have over water-soluble demulsifiers, including their superior performance at lower treating temperatures, enhanced fuel burning characteristics, and necessitate smaller dosages than other products.

Because of these factors, they are extensively used in the crude oil industry to separate water from oil.

While, the water-soluble category will witness significant growth in the future. This can be due to the fact that they are less expensive, making them a much more cost-effective choice in the industry, though water-soluble demulsifiers are less effective than oil-soluble.

It is because of the increasing requirement for crude oil and oil derivative, the need for demulsifier market will increase in the recent past.

Source: P&S Intelligence

[market-insider]

Heat Recovery Steam Generator Products: Analyzing Current Market Dynamics, Size, Share, Growth Trends

The global heat recovery steam generator market size is expected to reach USD 1817.0 million by 2030, expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Shifting preference from simple cycle power plants to combined cycle power plants, with increase in adoption of energy-efficiency measures is anticipated to drive the market for heat recovery steam generator (HRSG) during the forecast period.

In past couple of years, various countries across the globe faced power shortage issues and to counter such issues, regulatory bodies have been stressing the need for advanced infrastructure for power generation. As a result, increasing number of power plants to compensate for the energy deficit is likely to be commissioned and this is expected to propel the demand for heat recovery steam generators (HRSGs).

The increasing demand for HRSGs to product clean and green energy in the various industries has enhanced the growth of the market. Furthermore, ongoing research and technological advancements in the field of HRSG is driving the market for heat recovery steam generator in North America. Enlarged demand for HRSGs for the production of effective and clean energy is stimulating the market for heat recovery steam generator in China, India, and other developing countries in Asia.

Heat Recovery Steam Generator Market Report Highlights

The up to 30 MW segment accounted for 24.5% of the market share in 2023. HRSGs with power levels up to 30 MWs cater to smaller-scale power applications and are increasingly important in niche markets.

The utilities segment held a 48.7% market share in 2023. In the utilities industry, HRSGs are crucial for improving the efficiency of power generation facilities, particularly in combined cycle power plants.

The combined cycle segment accounted for 44.0% of the market share in 2023. In this case, power plants use both steam and gas turbines to generate electricity more efficiently.

In the Asia Pacific region, the HRSG market is experiencing robust growth due to rapid industrialization, urban expansion, and increasing energy consumption.

For More Details or Sample Copy please visit link @: Heat Recovery Steam Generator Market Report

The below 100 MW segment accounted for largest revenue share in 2019 in the market for HRSG due to wide application in small to medium industries such as chemical, refining, pharmaceuticals, paper, pulp, cement, and sugar. Furthermore, implementation of numerous climate change policies as well as regulations to restrict GHG emissions are expected to lead to an increase in the potential for these generators over the forecast period.

Even though Asia Pacific is likely to account for the largest market share over the forecast period, North America is expected to maintain its position as the largest supplier of HRSG, followed by Europe. Both North America and Europe are anticipated to become mature markets for HRSG. Major market players located in these regions are likely to expand their geographical presence by undertaking turnkey projects and by collaborating with foreign governments to commission new projects.

List Of major companies in the Heat Recovery Steam Generator Market

MITSUBISHI HEAVY INDUSTRIES, LTD.

Thermax Limited.

GE Vernova and/or its affiliates.

Bharat Heavy Electricals Limited

LARSEN & TOUBRO LIMITED.

Isgec Heavy Engineering Ltd.

Kawasaki Heavy Industries, Ltd.

Siemens Heat Transfer Technology (Siemens)

John Cockerill.

BHI Co., Ltd.

Alstom SA

Rentech Boiler Systems, Inc.

For Customized reports or Special Pricing please visit @: Heat Recovery Steam Generator Market Analysis Report

We have segmented the global heat recovery steam generator market on the design, mode of operation, power, end-use, and region.