Portable Power Station Market: Advancing lithium-ion technology

According to the new market research published by MarketsandMarkets™, the global Portable Power Station Market size is expected to grow from an estimated USD 330 million in 2020 to USD 474 million by 2025, at a CAGR of 7.5%. The drivers for this market are the increasing use of smart electronic devices, growing demand for uninterrupted and reliable power, and stringent emission rules across regions such as Asia Pacific, North America, South America, Europe, and Middle East & Africa. The market is segmented by operation type, technology type, capacity type, application, and region.

The direct power is expected to lead the Portable Power Station Market.

The market is segmented by operation type into direct power and solar power. Direct power accounted for the larger share of the Portable Power Station Market in 2019. The direct power market is driven by the growing emphasis on less charging time and reduced cost in regions such as North America, Europe, and Asia regions. In addition, direct power-based portable power stations do not cause loss of supply or self-discharge, and they also do not require any additional accessory.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23592113

The lithium-ion is projected to have a higher growth rate in the Portable Power Station Market.

The market is segmented by technology type into lithium-ion and sealed lead acid. The lithium-ion segment is estimated to lead the market and is also expected to register a higher CAGR. The increasing need for high durability, high energy density, and faster charging, and availability of lithium-ion at affordable prices drive the growth of this segment.

North America is expected to dominate the global Portable Power Station Market.

North America was the largest Portable Power Station Market in 2019, driven mainly by power outages, increasing use of smart electronic devices, and growing number of camping and outdoor recreational activities in countries such as the US, Canada, and Mexico. Portable power stations are being increasingly implemented to effectively power smart electronic devices during such events so that people can stay connected.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=23592113

Some of the top players in the Portable Power Station Market include Goal Zero (US), Jackery (US), Duracell (US), Milwaukee Tool (US), Anker Technology (England), Indiegogo (US), EcoFlow (US), and Lion Energy (US).

Laminated Busbar Market: Adoption of the High-Voltage Direct Current (HVDC) Technology

The global laminated busbar market is projected to grow at a CAGR of 6.6% from 2020 to 2025, to reach a market size of USD 1,183 million by 2025 from USD 861 million in 2020. Cost-efficiency and operational benefits of laminated busbars, demand for safe and secure electrical distribution systems, and focus on renewable energy are expected to drive the laminated busbar market during the forecast period.

The epoxy powder coating segment is expected to hold the largest share of the Laminated Busbar Market

The epoxy powder coating segment is expected to be the largest market for laminated busbars in 2020. Epoxy powder-coated laminated busbars have better mechanical strength, such as resistance against scratches, chipping, and fading as compared to other insulation material-coated laminated busbars. These properties are likely to drive the growth of this segment.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=211931233

Utilities is expected to be the largest segment in the Laminated Busbar Market

The utilities segment dominated the Laminated Busbar Market during the forecast period. A laminated busbar is a vital component in power generation plants and transmission & distribution substations, where it finds applications in distribution boards, switchgears, motor controls, and transformers. Utilities are investing in upgrading transmission & distribution networks to meet new-age demands and improve the efficiency of grid networks, thereby helping the Laminated Busbar Market to grow during the forecast period.

Europe: Expected to be the leading market for laminated busbars

Europe is expected to dominate the global Laminated Busbar Market from 2020 to 2025. Rising power demand, increasing investments in the energy sector, and growing construction activities in the region are likely to drive the demand for laminated busbars in Europe.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=211931233

The major players in the Laminated Busbar Market include Rogers (US), Amphenol (US), Mersen (France), Methode (US), and Sun.King Power Electronics (China).

Power Rental Market: Utilities to generate maximum demand for power rental solutions

 According to the new market research report published by MarketsandMarkets™, the global Power Rental Market size is projected to reach USD 11.7 billion by 2025 from an estimated value of USD 8.6 billion in 2020, at a CAGR of 6.3%. The increasing investments for the development and expansion of commercial sector operations across different regions and supportive regulations & grants for using renewable sources of energy in different applications are the key factors driving the Power Rental Market are driving the growth of this market.

The diesel segment is the largest contributor in the Power Rental Market.

The diesel segment is estimated to be the fastest-growing segment of the Power Rental Market, by fuel type, from 2020 to 2025. Key advantages of using diesel generators include economical operation and easy availability and storage. Additionally, diesel generator sets are ideal for long-term (prime) operations with a load of range 70–80% as they are typically designed to offer the best operational efficiency. Moreover, they facilitate the constant generation of voltage and power without peaks and help to regulate fluctuations in the delivered power. Diesel generators find applications mainly in commercial establishments and manufacturing facilities.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=744

The utilities segment is expected to grow at the fastest rate.

Utilities are connected through a grid to develop a distribution network for the supply of power. Generation utilities are the companies that are engaged in the generation of power, which is then sold by distribution utilities with transmission utilities acting as a bridge to deliver power from generation to distribution site. In developing regions, such as Africa and Asia Pacific, local grids cannot provide reliable supply, mainly due to the poor transmission network. Unreliable supply from a local grid or limited access to the main transmission network prohibits the delivery of electricity to industrial, commercial, and residential users. A weak network also means that there would be a lot of fluctuations in the power levels inside the grid, threatening its stability and integrity. In such cases, there is a high demand for power rental solutions for applications such as peak shaving wherein power rental solutions come handy for stabilizing the grid within a short duration of time at economical prices.  

North America: the largest market for power rental solution.

In this report, the power rental has been analyzed with respect to six regions, namely, Asia Pacific, Europe, North America, South America, and Africa. Countries such as the US and Canada are the fastest-growing markets in the North American region. North America is expected to continue to dominate the Power Rental Market during the forecast period, owing to factors such as increasing investments in the oil & gas, construction, and mining industries. Additionally, the increased investments in the mining and related exploration activities in the region are also driving the requirement for power rental equipment during the forecast duration.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=744

Some of the key players in the Power Rental Market such as Aggreko (UK), United Rentals (US), Caterpillar (US), Herc Rental (US), Ashtead Group (UK), and Atlas Copco (Sweden). Other players in the market include Speedy Hire (UK), Cummins (US), Bredenoord (UK), Kohler (US), Multiquip (US), SoEnergy (US), Allmand Brothers (US), Generac Power (US), Wacker Neuson (Germany), and more.

Content Source: https://www.marketsandmarkets.com/PressReleases/rental-power-generation.asp

Thermal Energy Storage Market: High Demand from Utilities for Concentrated Solar Power Plants Storage Solutions

 According to the new market research report published by MarketsandMarkets™, the global Thermal Energy Storage Market size is expected to grow from an estimated USD 188 million in 2020 to USD 369 million by 2025, at a CAGR of 14.4% from 2020 to 2025. Market growth can be attributed to the increasing demand for electricity storage technologies associated with rising number of CSP projects, and increasing HVAC applications.

The power generation segment is expected to be the largest contributor in the thermal energy storage market.

Thermal energy storage in concentrating solar power (CSP) plants can help in overcoming the intermittency of the solar resource and also reduce the levelized cost of energy (LCOE) by utilizing power for extended periods of time. TES systems can collect energy during sunshine hours and store it in order to shift its delivery to a later time or to facilitate plant output during cloudy weather conditions. Hence, the operation of a solar thermal power plant can be extended beyond periods of no solar radiation without the need to burn fossil fuels. Energy storage not only reduces the mismatch between supply and demand but also improves the performance and reliability of energy systems and plays an important role in conserving energy.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=61500371

The utilities segment is expected to be the biggest end user of thermal energy storage.

Thermal energy storage systems are incorporated in electric utility plants as a viable demand-side management option. These systems use ice or chilled water technologies for storing thermal energy in tanks during utility off-peak hours. This helps to meet the peak demand with fewer power plants by shifting customer’s power demand to off-peak hours. Many utilities currently offer time-of-day pricing to their customers and sell power at a lower price during off-peak hours.

The molten salt segment is expected to grow at the fastest rate.

Molten salts are the most commonly used storage media for thermal energy storage as these have higher boiling points and high volumetric heat capacities. When energy is needed, the salt is pumped into a steam generator that boils water, spins a turbine, and generates electricity. 

Europe held the largest share of the Thermal Energy Storage Market in 2019.

According to the IRENA, Europe’s installed CSP capacity is predicted to rise from 2.3 GW in 2017 to 4 GW by 2030, based on the market framework and current costs. Attempts of European nations to meet carbon reduction targets, shift from coal-fired power generation, and simultaneous hike in renewable energy generation will also support the case for dispatchable CSP plants with storage.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=61500371

Abengoa Solar, Burns & McDonnell, SolarReserve, BrightSource Energy, Calmac, MAN Energy Solutions, and Baltimore Air Coil Technology are the leading players in the Thermal Energy Storage Market. Cristopia Energy, Cryogel, Caldwell Energy, Dunham Bush, Goss Engineering, Steffes Corporation, DN Tanks, Turbine Air Systems (TAS), Evapco Inc., Fafco, Sunwell Tehnologies, DC Pro Engineering, CB&I (McDermott), and LIME are other players operating in the global thermal energy storage market.

Electric Motor Market: Rising demand for electric vehicles to fuel the growth of electric motors

 According to the new market research report published by MarketsandMarkets™, the Electric Motor Market is expected to grow from an estimated USD 113.3 billion in 2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% from 2020 to 2026. Increased demand for HVAC systems in residential, commercial, and industrial end-users in the Middle East and Asia Pacific regions along with growing use of electric motors across major industries is the driving factor for the growth of this market. Emerging robotics technologies and the demand for electric motors in the robots is likely to create a larger opportunity for Electric Motor Market in near future.

The global automotive industry is transitioning toward electric mobility with significant changes in electric vehicle technology. In Europe, the proactive measures are taken for the decarbonization of society are leading to the increased adoption of electrical vehicles that use electric motors. Advancements in battery technologies have lowered battery costs and improved their charging speed. Increasing government support in the form of tax redemptions and incentives to promote eco-friendly electric vehicles that use electric motors are also acting as opportunities for the growth of the electric motor market. According to IEA, China is expected to account for 50% of the global passenger electrical vehicles by 2025.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=717

The industrial segment is expected to dominate the Electric Motor Market.

The industrial segment is expected to lead the Electric Motor Market from 2020 to 2026. This sector provides good scope for motor manufacturers, as most industries depend on motorized automation.  The segment includes the utilities, oil & gas, cement & manufacturing, metal and mining, oil & gas, renewables, petrochemicals & chemicals, water & wastewater, and paper & pulp industries, all of which use electric motors for pumps, boilers, compressors, and other applications, at various process stages.

The DC motor segment is expected to be the fastest-growing Electric Motor Market.

The DC motor segment, by type, Electric Motor Market is estimated to grow at the fastest rate during the forecast period. The advantages of DC motors include excellent speed control, easy design, high starting torque, and simple operation. The increasing demand for brushless DC motors in electric vehicles is likely to drive this segment in the Electric Motor Market.

Asia Pacific likely to emerge as the largest Electric Motor Market

In this report, the Electric Motor Market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to be the largest Electric Motor Market during the forecast period. Asia Pacific comprises China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. The ongoing industrialization in India, along with increasing electric vehicle manufacturing in China is expected to create an ample amount of opportunity which is likely to drive the growth of Electric Motor Market in Asia Pacific region.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=717

Some of the top players in the Electric Motor Market are ABB (Switzerland), Siemens (Germany), Nidec Corporation (Japan), Wolong (China), and WEG (Brazil).The leading players are adopting various strategies to increase their share in the Electric Motor Market.

Hydraulic Workover Unit Market: Enhanced production from oilfields & increased offshore exploration activities

According to the new market research report by MarketsandMarkets™, the Hydraulic Workover Unit Market size will grow to USD 11.0 billion by 2025 from USD 8.1 billion in 2020, at a post-COVID-19 CAGR of 6.3% during 2020-2025. The rising number of mature fields in Europe and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the Hydraulic Workover Unit Market globally. The hydraulic workover unit activities are fundamental requirements while well completion, production, and well abandonment, which creates opportunities for growth of the market.

Trailer-mounted segment is expected to dominate to the Hydraulic Workover Unit Market

Owing to the optimum structure and high-level integration of workover rigs, a trailer-mounted hydraulic workover unit requires less working space. Efficient drilling, cruise capability, and lateral stability are among the key features of these units. They can work under ambient temperature and are suitable for cold fields in countries such as Russia and Canada.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=207073031

The onshore segment is expected to be the fastest-growing segment of the Hydraulic Workover Unit Market

The onshore fields have been producing for more than 150 years now, and most of them are depleting at faster rates. For instance, the South Belridge Oilfield in the US, the Kuparuk River Oilfield in the US, and the Appalachian Basin of Pennsylvania are some of the oldest onshore oilfields in North America. These oilfields are experiencing a decline in production, and the asset operators are investing in various recovery methods and heavy intervention operations to expand and optimize the production from the wells. Under well intervention, hydraulic workover unit services are used to achieve the most optimum production levels.

North America likely to emerge as the largest Hydraulic Workover Unit Market

In this report, the Hydraulic Workover Unit Market has been analyzed for six regions, namely, North America, South & Central America, Europe, Asia Pacific, Middle East, and 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 oil & gas fields in the Permian Basin and Bakken Ford require the intervention operations to enhance the productivity of the wells. Thus, North America dominated the Hydraulic Workover Unit Market during the forecasted period.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=207073031

The major players in the global Hydraulic Workover Unit Market are Halliburton (US), Superior Energy Services (US), Precision Drilling (Canada), Basic Energy Services (US), and Velesto Energy (Malaysia).