Battery Monitoring System Market: Rising Demand for Battery Monitoring Systems for Electric Vehicles

The global battery monitoring system market is projected to grow at a CAGR of 18.23%, to reach a market size of USD 5.47 Billion by 2022, from an estimated USD 2.37 Billion in 2017. North America is estimated to be the largest market for battery monitoring systems, followed by Asia Pacific and Europe. The growth of the battery monitoring system market is mainly driven by a booming demand for global connectivity, accompanied by an increasing demand for data centers, increasing investments in renewable energy, energy storage, and the infrastructure industry to accommodate the rising demand for power globally. The increased operational efficiency of batteries and rising demand for electric vehicles are expected to boost the demand for battery monitoring systems.

The battery monitoring system has been segmented based on battery type into lithium-ion based, lead-acid, and others. The others includes nickel-based and flow batteries. The lithium-ion based segment accounts for the largest share of the battery monitoring system market. The key applications of lithium-ion battery monitoring systems are electric and hybrid electric vehicles, power tools, and power supply backup. The increasing deployment of lithium-ion batteries in these applications has resulted in the largest share of the lithium-ion batteries segment compared to other battery types.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256167204

Battery monitoring systems are mainly used for electric vehicles, e-bikes, and automated guided vehicles. Batteries that are integrated in these vehicles are usually of medium or high-power density, requiring the assistance of a battery monitoring system for optimal utilization. With rapid innovations in the automotive industry, the usefulness and significance of battery monitoring systems are also expected to increase.

The North America region is expected to be the Largest Market for Battery Monitoring System

The battery monitoring system market in North America is expected to lead the global market by 2022 and is projected to grow at the second-highest CAGR from 2017 to 2022. Market growth in this region can be attributed to increasing investments in data centers and growing renewable power generation capacities. Countries such as the US and Canada are the key markets for battery monitoring systems in North America.

Asia Pacific: the fastest growing market for battery monitoring systems

The battery monitoring system market in Asia Pacific is expected to grow at the fastest rate due to increasing investments in the data centers sector and growing renewable power generation in the region. The Chinese market is expected to dominate the battery monitoring system market in Asia Pacific. The battery monitoring system market is expected to grow at a high rate in countries such as China, South Korea and those in South-East Asia. An all-round effort by the governments of various countries in the region to reduce greenhouse gases and an emphasis on obtaining power from renewable sources is also likely to drive the battery monitoring system market in the region.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=256167204 

The Battery Monitoring System Market is dominated by both global and regional players. The key players operating in the market include NDSL (UK), Texas Instruments (US), PowerShield (New Zealand), BatteryDAQ (US), Canara (US), and Eagle Eye (US). The other players in this market include HBL (India), Schneider Electric (France), Curtis (US), Socomec (France), BTECH (US), ABB (Switzerland), and SBS (US).

Digital Oilfield Market Future Trends and Opportunities

According to the new market research report "Digital Oilfield Market by Solutions (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, and Drilling Optimizations), Application (Onshore and Offshore), and Region - Global Forecast to 2025",published by MarketsandMarkets™, the Digital Oilfield Market size is expected to grow from an estimated USD 20.2 billion in 2020 to USD 28.5 billion by 2025, at a CAGR of 7.1%, during the forecast period. The market is set to witness growth due to the increasing focus on optimization through digitization, mostly in mature fields.

The production optimization segment is expected to be the largest segment of the digital oil field market, by process, in 2019. The segment is expected to grow during the forecast period due to increased production activities among the major oil & gas suppliers worldwide for enhancing their respective oil outputs. The adoption and implementation of digital optimization techniques can enable these companies to meet their production targets and enhance their respective profitability.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=904

The onshore segment is expected to hold the largest share of the Digital Oilfield Market.

The onshore segment is the fastest-growing market and is projected to dominate the market during the forecast period. The larger intensity of onshore applications is mainly in the regions such as the Middle East and North America, where digitization of the fields can maximize the oil & gas outputs, reduce non– productive time, and increase profitability by integrating the workflow. This would ultimately create new revenue pockets for the Digital Oilfield Market during the forecast period.

Europe is expected to be the largest market for digital oilfield

In this report, the Digital Oilfield Market has been analyzed with respect to 6 regions, namely, Asia Pacific, Europe, North America, South America, the Middle East, and Africa. Europe is expected to be the largest Digital Oilfield Market, by region, during the forecast period. The region has several mature fields in the North Sea, which demand increased use of technological prowess to produce oil. Russia, the UK, and Norway share the majority of the number of reserves in the region. In the UK and Norway, oil & gas production takes place at offshore locations, whereas Russia has more onshore fields. The high number of oil & gas fields lead to demand for digital oilfields such as well intervention and Enhanced Oil Recovery (EOR) techniques.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=904

Some of the leading players in the Digital Oilfield Market such as Schlumberger (US), Weatherford (Switzerland), Halliburton (US), Baker Hughes Company (US), National Oilwell Varco (US), and equipment providers such as ABB (Switzerland), Emerson (US), Rockwell (US), and Siemens (Germany).

Circuit Breaker Market to Witness Impressive Growth Worldwide with Major Players ABB, Siemens, Eaton, Mitsubishi, Toshiba, Fuji Electric, TE connectivity, Powell, Tavrida, etc.

The global circuit breaker market is projected to reach USD 8.7 billion by 2022 from an estimated USD 6.9 billion in 2017, at a CAGR of 4.9% from 2017 to 2022. Growing access to electricity in developing countries, increasing construction and developmental activities, and the rising number of renewable power generation projects are the major drivers that would trigger growth in the circuit breaker market.

Aging power infrastructure, increasing high voltage direct current (HVDC) transmission networks, and upcoming smart cities are expected to create new opportunities for circuit breaker companies. Moreover, the governments of most countries are investing in renewable energy-based power generation to meet the growing energy demand. All these factors are likely to drive the circuit breaker market during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1237

The high voltage segment is estimated to be the fastest growing circuit breaker market, by voltage, from 2017 to 2022. This segment is expected to witness growth due to rapid industrialization and urbanization. Aging power infrastructure leading to the modernization and upgradation of existing high voltage electrical grids and power plants is also a key factor driving the growth of the high voltage circuit breaker market.

Renewable are projected to be the fastest-growing power source until 2022

Renewable are one of the fastest-growing power sources as countries worldwide are investing immensely in the sector. It helps reduce carbon dioxide emissions and is increasingly capturing a larger share of the global power mix. It is used extensively in the power generation, heating and cooling, and transport sectors. The renewable segment of the circuit breaker market is estimated to grow at an above-average CAGR during the forecast period. The renewable power plants in the energy & power sectors are predominantly located in remote locations and connected to the local distribution systems. A rise in the connectivity of distributed power generation systems and renewable power generation systems to the national grid is gradually leading to the growth of the circuit breaker market.

The Asia Pacific market continues to be the fastest-growing circuit breaker market until 2022

Asia Pacific is expected to be the largest market for circuit breaker in 2022 and is projected to grow at the highest CAGR, during the forecast period due to increasing construction and developmental activities and the growing demand for electricity. It is also projected to lead during the forecast period. The growth can be attributed to the increasing investments in T&D, renewable energy, and upcoming smart city and smart grid projects in the region. The North American market is projected to be the second-fastest-growing market owing to the rising demand for revamping the existing aging power and transmission infrastructure and the continued growth of construction and developmental activities in the region.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1237

Some of the leading players in the Circuit Breaker Market are ABB (Switzerland), Toshiba (Japan), Siemens (Germany), Eaton Corporation (Ireland), Mitsubishi (Japan), and Schneider Electric (France).

Content Source: https://www.marketsandmarkets.com/PressReleases/circuit-breaker-and-fuse.asp

Green Ammonia Market projected to grow at a CAGR of 54.9% from 2020 to 2030

According to the new market research report "Green Ammonia Market by Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE)), End User (Transportation, Power Generation, and Industrial Feedstock), and Region - Global Forecast to 2030",published by MarketsandMarkets™, the Green Ammonia Market size will grow to  USD 852 million by 2030 (forecasted year) from USD 11 million in 2020 (estimated year), at a CAGR of 54.9% during the forecast period. The rising investments in green fuel and large scale green energy plans in Europe and North America, drives the Green Ammonia Market in the region. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for Green Ammonia Market.

The power generation segment is expected to be the fastest growing Green Ammonia Market.

The power generation segment, by end user, Green Ammonia Market is estimated to grow at the fastest rate during the forecast period. This is mainly because of the increasing share of renewables in the power generation mix and decreasing cost of equipment and technology associated with renewables. According to the International Renewable Energy Agency (IRENA), solar and wind are the most potential renewable energy sources and are likely to dominate the renewable power sector in the coming years. Wind power and solar PV have increased their share in the European and North American regions. Therefore, with green ammonia production, renewable energy can be stored and reused for power generation at consumption points. This will make renewable energy generation more efficient and usable for the long-term. There by creating growth opportunities for Green Ammonia Market.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=118396942

The Solid Oxide Electrolysis (SOE) segment is expected to dominate the Green Ammonia Market.

SOE technology is an upcoming technology for green hydrogen systems. The SOE process is used to produce green hydrogen from surplus electricity generated from renewable sources. This green hydrogen is further synthesis in ammonia synthesis unit to produce green ammonia. Furthermore, the green hydrogen produced by the process can be stored and used as a fuel cell, and reconverted into electricity again when the demand arises. This allows the storage of electricity when production exceeds demand. Moreover, increasing demand for fuel cells boost the demand for solid oxide electrolyzers. There by acting as a driving force for the Green Ammonia Market during the forecast period.

Europe likely to emerge as the largest Green Ammonia Market

In this report, the Green Ammonia Market has been analyzed for four regions, namely, Europe, Asia Pacific, North America, and Rest of the World (RoW). RoW includes China, Russia, India, France, and Austria. The government of the Netherlands considers green hydrogen to be essential for achieving its energy transition goals and maintaining energy-intensive industries to improve the business climate for green hydrogen in the country. As per the Climate Agreement, the Netherlands will launch a national hydrogen program, which will primarily focus on unlocking the supply of green hydrogen, developing the necessary green hydrogen infrastructure, and reducing production costs of green hydrogen projects. Also, the program aims to achieve 3GW to 4GW of installed electrolyzer capacity by 2030, with additional growth of renewable electricity. Such initiatives and developments are expected to bolster the growth of the Green Ammonia Market in Europe during the forecast period.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=118396942

The major players in the global Green Ammonia Market are Siemens (Germany), MAN Energy Solutions (Germany), ITM Power (UK), Nel Hydrogen Solutions (Norway), Yara International (Norway) and Haldor Topsoe (Denmark).

Renewable Energy Market Will Keep Growing Despite COVID-19

Post COVID-19, the report "COVID-19 Impact on Renewable Energy Market by Technology (Wind and Solar), End-User (Utilities, Captive (Industrial, Commercial and Residential) and Region - Global Forecast to 2021" The global Renewable Energy Market size is projected to grow from USD 184.3 billion in 2020 to USD 226.1 billion by 2021, in the realistic scenario during the forecast period. The major factors driving the growth of the renewable energy industry include the slowdown in oil consumption due to the COVID-19 outbreak as many utilities are trying for a 100% transition into renewables.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144387621

The solar segment is projected to be the largest segment in the Renewable Energy Market during the forecast period

The solar segment is likely to witness the adoption of new solar technologies such as floating solar farms and Building-Integrated Photovoltaics (BIPV) solar technology during the forecast period (from 2019 to 2021). Also, the demand for energy from the residential and commercial sectors is continuously increasing as the majority of the population is staying at home and working from home. Hence, adopting new technologies is expected to be cost-effective for the companies as well as end-users.

The utilities/power producers segment is projected to be the largest market for renewable energy during the forecast period

Utilities/power producers who had already shifted or are planning to shift to the renewable energy sector will be the gainers during the forecast period. Also, the long-term and reliable government policies and increased energy independence are expected to be the key motives for utilities making the transition to 100% renewables in the future.

Request more details on:

https://www.marketsandmarkets.com/Market-Reports/covid-19-impact-on-renewable-energy-market-144387621.html

The Asia Pacific region is projected to be the largest market for renewable energy during the forecast period

The Asia Pacific region is expected to be the largest market for renewable energy during the forecast period. There will be no shortage of renewable energy parts in the Asia Pacific region as China has already relocated some of its production capacity in neighboring countries such as Vietnam and India. Also, the Asia Pacific region is close to the optimistic scenario because China holds the majority of Renewable Energy Market share, and only a few areas in the country are affected by the COVID-19 outbreak.

Artificial Lift Market: Rising deepwater explorations and enhancing oil & gas production

According to the new market research report "Artificial Lift Market by Type(ESP, PCP, Rod Lift, Gas Lift, and Others); Mechanism(Pump Assisted (Positive Displacement, Dynamic Displacement), Gas Assisted); Well Type(Horizontal, Vertical); Application(Onshore, Offshore); Region - Global Forecast to 2025" The Artificial Lift Market is projected to reach USD 10.3 billion by 2025 from an estimated USD 8.0 billion in 2020, at a CAGR of 5.0% during the forecast period. Continuous shale development and the growing investments in the upstream oil and gas sector is driving the demand for Artificial Lift Market. Moreover, the rising number of mature fields in Europe and the Middle East, along with new offshore oilfield discoveries, is creating an opportunity for the Artificial Lift Market.

The offshore application segment is expected to grow at the highest CAGR in the global Artificial Lift Market.

The offshore segment is expected to grow at the highest CAGR during the forecast period, owing to increasing new ultra-deep water offshore discoveries, and the rising rate of shallow water oilfields reaching maturity. Artificial lift methods such as hydraulic pumping, gas lift, ESP, and PCP are most prominently used in offshore oil wells. The Gulf of Mexico and the North Sea have the highest number of maturing shallow oilfields. Thus, such maturing shallow fields have created demand opportunities for artificial lift methods in the Gulf of Mexico and the North Sea regions.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=879

The horizontal well segment is expected to grow at the highest CAGR in the global Artificial Lift Market.

The horizontal segment is expected to grow at the highest CAGR during the forecast period, owing to significant discoveries of shale reserves and increasing hydraulic fracturing in horizontal wells. Hence, creating opportunity for the Artificial Lift Market.  Horizontal drilling and multistage hydraulic fracturing have unlocked vast quantities of natural gas in shale reservoirs. Operators are using appropriate systems and equipment that will limit well blow-downs and lift systems to unload the wells without releasing methane continuously—thereby increasing the need for artificial lift systems that are effective in horizontal wells.

The pump assisted mechanism segment is expected to grow at the highest CAGR in the global Artificial Lift Market.

Pump assisted segment is expected to grow at a higher CAGR during the forecast period, owing to high adoption rate ESPs and rod lift pumps. The pumps are used to increase the bottom hole pressure of tubing string to lift a sufficient amount of fluid to the surface. Artificial lift methods with pump assisted systems have an operating depth ranging from 100 ft TVD to 17,000 ft TVD and average working volume ranging from 5 BPD to 30,000 BPD. For this mechanism, the operating temperature ranges from 100ºF to 500ºF. This growing demand for pump assisted systems is driven owing to multi-stage hydraulic fracturing in horizontal wells.

Request for Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=879

North America is expected to be the most significant and third fastest-growing region of the Artificial Lift Market

In this report, the Artificial Lift Market has been analyzed for five regions, namely, North America, South & Central America, Europe, Asia Pacific, and Middle East & Africa. According to the IEA, the US is determined to become the net exporter of energy by 2020 and to fulfill this objective, the oil production is being increased across the nation. Moreover, the US is the top explorer and producer of shale oil and gas. The old & depleting oil & gas fields in the Permian Basin and Bakken Ford require artificial lift operations to enhance the productivity of the wells. Thus, North America dominated the Artificial Lift Market in 2019, and expected to do so during the forecast period.

The ESP segment is expected to grow at the highest CAGR from 2020 to 2025.

The ESP segment is estimated to be the fastest-growing segment of the Artificial Lift Market, by type, from 2020 to 2025. ESPs are multistage dynamic displacement centrifugal pumps. Such pumps are typically used when well depths range from 1,000 to 5,000 ft. It is the most effective artificial lift method for more than 1,000 bpd volume. It is effective in wells with low bottomhole pressure, low gas/oil ratio, low bubble point, high water cut, or low API gravity fluids. Such pumps are usually used for offshore applications because of their ability to handle high-volume wells. Hence, the rise in offshore E&P activities is expected to drive the ESP segment during the forecast period.

Speak to Analyst @https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=879

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Artificial Lift Market.

Some of the key players are Schlumberger (US), Halliburton (US), Borets International (Russia), Weatherford (Switzerland), and Baker Hughes Company (US). The leading players are adopting various strategies to increase their share in the Artificial Lift Market. Partnerships, collaborations, alliances, and joint venture ; new product launches; and contract & agreements have been a widely adopted strategy by the major players in the Artificial Lift Market.

Smart Meters Market to Reach $28.6 Billion by 2025

According to the new market research report "Smart Meters Market, By Type (Electric, Gas, Water), By Communication Type (RF, PLC, Cellular), By Component (Hardware, Software), By Technology (AMR, AMI), By End-user (Residential, Commercial, Industrial), and Region – Global Forecast To 2025"The global Smart Meters Market size is expected to grow from estimated revenue of USD 20.7 billion in 2020 to USD 28.6 billion by 2025, at a CAGR of 6.7%. Drivers of smart meters industry are government mandates and supportive policies for smart meters, real-time monitoring of utility systems and dynamic pricing, and the need for reduced blackouts and utility system failures across regions such as Asia Pacific, North America, South America, Europe, and Middle East & Africa. The market is segmented by type, communication type, component, technology, end-user, and region
.
Smart electric meters are expected to dominate the global Smart Meters Market.
The market is segmented, by type, into electric, gas, and water. Smart electric meters accounted for the largest share of the Smart Meters Market in 2019. The smart electric meters market is driven by increased regulatory support and mandatory roll out policies by governments in regions such as North America, Europe, and Asia regions. In addition, power utilities are looking to install smart electric meters for enhancing their operations by using smart meter data for load forecast predictions and dynamic pricing of operations.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=366

By communication type, cellular is projected to have the highest growth rate in the Smart Meters Market
The market is segmented, by communication type, into RF, PLC, and cellular. The cellular segment is estimated to lead the market and is also expected to be the fastest-growing. The increasing need for real-time, accurate, fast, and precise utility consumption data for enhanced operations drives growth.

Asia Pacific is expected to dominate the global Smart Meters Market
Asia Pacific was the largest smart meters industry in 2019, driven mainly by a planned increase in investment and smart meter rollout in countries such as China, Japan, and India. Smart meters are being increasingly implemented to effectively integrate the growing share of DER in the region, such as solar and wind power.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=366


To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top manufacturers in the Smart Meters Market. These players include Schneider Electric (France), Landis+Gyr (Switzerland), Itron (US), Siemens (Germany), Wasion Group (China), Badger Meter (US), and Sensus (Xylem) (US).