Distributed Generation Market: Increasing share of renewable energy in the power generation

 The global distributed generation market is expected to grow from an estimated USD 60.04 Billion in 2017 to USD 103.38 Billion by 2022, at a CAGR of 11.48%. This growth can be attributed to the increased global demand for electricity, decreasing costs of solar technology, and rising efforts to reduce global greenhouse gas emissions. The growing demands for electric power accompanied with regulatory incentives for clean energy generation have shifted the focus toward distributed generation technologies.

Distributed generation refers to geographically dispersed power generation sources. It comprises both controllable sources, such as generators, and non-controllable sources, such as solar and wind. Distribution generation is a decentralized energy which is generated or stored by a variety of small, grid connected generators referred to as Distributed Energy Resources (DERs) or distributed energy resource systems. The demand for energy from distributed energy resources is growing globally due to a number of reasons, such as planned rolling blackouts, power quality problems, unexpected utility power outages, and increases in power costs, among others.

Renewable energy is a naturally occurring source of energy that can be easily replenished, and plays an important role in reducing greenhouse gas emissions. Renewable energy is more expensive when compared with fossil fuel-based power generation. Owing to environmental conservation, and rising awareness, countries around the globe are veering towards renewable sources for power generation. The increasing share of renewables in the power generation mix will positively impact the market.

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The distributed generation technology is segmented into solar PV, wind, microturbines, reciprocating engines, fuel cells, and gas turbines, of which, solar PV is the fastest growing segment. The decreasing costs of solar installations, attractive incentives, and greenhouse gas emission restrictions are expected to drive the adoption of solar PV technology for power generation.

The on-grid segment is expected to hold the largest share of the distributed generation market

On-grid systems are cost-effective and convenient to install. The global market for distributed generation facilities that employ grid-tied arrangements has been the highest. Driven by the capability to provide perfect solutions for various end-users and contribution to reduce harmful emissions from fossil fuel power plants, the segment is expected to grow at a decent pace during the forecast period.

The reciprocating engines segment is expected to be the largest in the distributed generation market

The reciprocating engines segment is expected to be the largest segment of the distributed generation market. Due to their small size, low unit cost, and useful thermal output, these engines are widely used for power generation. Increased combined heat and power installations and the demand for flexible and quick start-up technologies for power generation are the main reasons for a large market share held by the segment.

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Europe: Expected to be the leading market for distributed generation

Europe is expected to dominate the market during the forecast period, owing to the continued increase in energy consumption mainly from by the industrial and commercial sectors, which contributed to the largest demand for distributed generations. The demands from the IT and telecommunication sectors are also driving the distributed generation market.

Some of the leading players in the Distributed Generation Market include Siemens (Germany), GE (US), Schneider (France), Mitsubishi (Japan), and Capstone (US).

Brushless DC Motor Market: Surged adoption of energy-efficient brushless DC motors across the world

 

According to the new market research report "Brushless DC Motor Market by Type (Inner Rotor and Outer Rotor), End-users (Consumer Electronics, Manufacturing, Automotive, Medical Devices,and Others), Speed (<500 RPM, 501–2,000 RPM, 2,001–10,000, and >10,000 RPM), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Brushless DC Motor Market size is expected to grow from an estimated USD 9.6 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 9.5%, during the forecast period. The market is set to witness growth due to increasing industrial applications of these motors and surging adoption of brushless DC motors in HVAC, automotive, and consumer electronics applications.

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By type, the inner rotor segment is the largest contributor in the Brushless DC Motor Market.

In inner rotor type motors, rotors are positioned at the center of motors and are surrounded by stator winding. Since rotors are located in the middle, rotor magnets prevent heat insulation from penetrating inside, and as such, the heat gets dissipated easily. This leads to the production of a large amount of torque by inner rotor brushless DC motors. These motors are used in manufacturing, automotive, and consumer electronics industries for robotics, CNC machine, automatic door opener, and metal cutting and forming machine applications. These applications require motors that can carry out the fast acceleration and deceleration of speed, offer high starting torque, have reversible action capability, and are compact. According to the IEA, EV Outlook 2020, the global sales of electric cars reached 2 million in 2019, that was 40% higher than the car sales of 2018. This indicates the trend of increased demand for electric vehicles and their accelerated manufacturing in coming years.

By end-user, the consumer electronics segment is expected to grow at the fastest rate.

With the advent of Industry 4.0, the global industrial manufacturing has been undergoing significant changes. Digitalization of data, automation of machines, and connectivity among assets in manufacturing facilities are fueling the evolution of technological infrastructures. The growing competition in the consumer electronics industry is driving companies to adopt innovative technologies and analyses to ensure the optimum utilization of their resources. The automated electronics deployed in industrial manufacturing facilities require a continuous power supply for their operations. As such, they use batteries and nanomaterials. Brushless DC motors are widely used in office equipment, such as printing machines, electric curtains, fax machines, and copiers, and also in high-end home appliances, such as vacuum cleaners, DVD players, and air purifiers. They are also gaining traction in commercial, as well as domestic refrigeration and air conditioning appliances. Outer rotor brushless DC motors are mainly used in cooling fans in computers and servers, while spindle motors are used in hard disk drives. These consumer electronics require electric motors for converting electrical energy into mechanical energy.  

By speed, the 2,001-10,000 RPM segment is expected to be the largest contributor.

Brushless DC motors with speed ranging from 2,001 to 10,000 RPM are widely used in medical equipment such as gas analyzer membrane pumps, dental instruments, pumps, anesthesia ventilators, and breathing system pumps. They are also used in industrial applications such as laser scanning instruments, industrial laser bar code readers, CNC machine spindle rotors, and industrial automation actuators. These motors are also used in home appliances, traction motors, solar pump DC systems, and bus A/C systems.

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Asia Pacific is expected to account for the largest market size during the forecast period.

Asia Pacific is expected to dominate the Brushless DC Motor Market during the forecast period as the region is hub for manufacturing electronics components and devices corresponding to various industries. In addition, the region has also been witnessing high investments for manufacturing electric vehicle components, majorly batteries systems.  The figure below shows the projected market sizes of various regions with respective CAGRs for 2025.

AMETEK (US), Allied Motion (US), Nidec Corporation (Japan), Johnson Electric (China), and MinebeaMitsumi (Japan) are the leading players in the Brushless DC Motor Market. Maxon Motor (Switzerland), Regal Beloit Corporation (US), Oriental Motor (Japan), Portescap (US), and ElectroCraft(US) are other players operating in the market are the leading players in the global Brushless DC Motor Market.

Oilfield Integrity Management Market: Increasing focus on Remote Monitoring of Oilfields for Process Optimization and Automation

 According to the new market research report "Oilfield Integrity Management Market by Management Type (Planning, Predictive Maintenance & Inspection, Corrosion Management, Data Management, and Monitoring System), Component (Hardware, Software, Services), Application, & Region - Global Forecast to 2025", published by MarketsandMarkets™, the Oilfield Integrity Management Market size is expected to grow from an estimated USD 12.8 billion in 2020 to USD 18.8 billion by 2025, at a CAGR of 8.1%, during the forecast period. Increasing focus on remote monitoring of oilfields for process optimization and automation and stringent government regulations regarding environmental safety are the key factors driving the oilfield integrity management industry.

The monitoring system segment is the largest contributor in the Oilfield Integrity Management Market.

The monitoring system includes machinery and equipment such as wireless sensors, analyzers, flow meters, smart well systems, SCADA systems, and DCS systems. The growth of the market is driven by its multiple advantages, such as a reduction in manual intervention, monitoring of remote locations oilfields, and collection of real-time data from sensors to detect equipment health.

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The onshore segment is expected to hold the largest market share of Oilfield Integrity Management.

The onshore application segment held the largest share of the Oilfield Integrity Management Market in 2019. North America is estimated to be the largest market for onshore oilfield integrity management during the forecast period, owing to an increase in well count globally. Furthermore, the discoveries of shale reserves are also supporting the growth of the segment in North America.

North America held the largest share of the oilfield integrity management market
North America accounted for the largest share of the oilfield integrity management market in 2019. This region has been segmented by country into the US and Canada. The oil & gas industry is a major contributor to the North American economy. According to the Commerce Department’s Bureau of Economic Analysis (BEA), in 2018, the oil & gas sector contributed USD 1.3 trillion to the GDP of the US. Similarly, Natural Resource Canada declared that in 2018, the oil & gas industry contributed 2.8% to the nominal GDP of Canada. The high energy supply and demand from the region offer lucrative opportunities to the entire oil & gas value chain. The country houses some of the top service providers such as Schlumberger, Ltd. (US), Halliburton (US), and Baker Hughes Company (US), who continuously invest in developing innovative solutions for various segments of the oil & gas industry.

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Middle East & Africa is expected to be the fastest-growing market of Oilfield Integrity Management.

The Middle East & Africa consists of major oil & gas producing countries such as Saudi Arabia, the UAE, Kuwait, Iraq, and Iran, which have some of the largest petroleum reserves in the world. According to the BP Statistical Review of World Energy June 2019, Saudi Arabia, UAE, Kuwait, Iraq, Iran, and Qatar produced a combined 30% of global oil production in 2018. These countries export most of their production to neighboring Asian countries such as China and India, which have high energy demand. Furthermore, the growth of the market in the Middle East & Africa is due to the increasing number of drilling activities and the requirement for inspection and monitoring systems to optimize the production from mature fields.

The Oilfield Integrity Management Market is dominated by a few global players, mainly from the North American region. The key players in the Oilfield Integrity Management Market include companies such as Schlumberger (US), Halliburton (US), Baker Hughes Company (US), Siemens (Germany), Emerson (US), IBM (US), and Oracle (US).

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