Electrical Digital Twin Market: Increase in efficiency and optimization of operations of power sector

According to the new market research report "Electrical Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment Type (Cloud, On-Premises), End User, Application, and Geography - Global Forecast to 2026", published by MarketsandMarkets™, The Electrical Digital Twin Market size will grow to  USD 1.3 billion by 2026 from USD 0.8 billion in 2021, at a CAGR of 12.2% during the forecast period.

The integration of variable renewable energy with the grid and increasing decentralization of distributed energy resources using electrical digital twins are the driving factors for the Electrical Digital Twin Market, globally. Utilities and grid infrastructure operators across regions are increasingly looking toward digital technologies, including electrical digital twins, to help streamline the integration of the growing share of renewable energy technologies into their operational mix. The emergence of Energy 4.0 and the increasing adoption of advanced technologies for implementation of digital twin applications creates ample opportunities for growth of the market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192874390

The utilities segment is expected to be the largest segment of the electrical digital twin market, by end user, during the forecast period.

The utilities segment held a larger share of the electrical digital twin market. Power utilities are rapidly investing in the deployment of electrical digital twins as they aid operators in achieving efficiency in terms of workforce optimization and enhance plant operations by reducing unplanned downtime. To clearly understand the impacts of distributed energy resources (DERs) on the grid, utilities need to streamline interconnection application processes and create digital network analysis models from the existing geographic information system (GIS) network data using electrical digital twins.

North America likely to emerge as the largest electrical digital twin market

In this report, the electrical digital twin market has been analyzed for six regions, namely, North America, South America, Europe, Asia Pacific, and Middle East & Africa. The growth of the North American market is driven by the increasing investments for the deployment of advance digital technology to upgrade to aging power generation and distribution infrastructure. Furthermore, the increasing need to deliver clean, reliable energy, and a strong focus on renewable energy generation are among a few major factors driving investments in digital technologies such as electrical digital twin. The increased R&D in the field of cloud, big data analytics, IoT and IIoT and increasing demand for efficient and cost-effective technologies to improve assets performance and optimize business operations are also supporting the regional market growth. The governments in US and Canada have also made several policy reforms to accelerate the decarbonization of the power sector. Thus, North America dominated the Electrical Digital Twin Market during the forecasted period.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=192874390  

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Electrical Digital Twin Market. Some of the key players are General Electric (US), Siemens (Germany), ABB (Switzerland), Emerson (US), and AVEVA Group (UK). The leading players are adopting various strategies to increase their share in the electrical digital twin market.

Electrical SCADA Market: Increasing Investment in Electrical Networks

The global Electrical SCADA Market is expected to grow from an estimated $2.29 billion in 2017 to $3.29 billion by 2022, at a CAGR of 7.48%, during the forecast period. This growth is primarily driven by the increasing investments in electrical networks, adoption of remote monitoring and control solutions, digitalization of the power sector, need for automation in the power industry, and rising pressure to reduce losses in transmission and distribution. North America is likely to continue to hold the largest share in the electrical SCADA market. The second-largest market share was held by Europe.

The electrical SCADA segmented by application into generation, transmission, and distribution. Transmission is the largest segment of the market, by value. Rising investments in transmission networks from countries, such as the US, China, and India, are expected to drive the electrical SCADA market during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250093732

North America is expected to be the largest market for electrical SCADA

North America is the largest and one of the most advanced markets for electrical SCADA. The increasing adoption of investments by Transmission System Operators (TSOs) and Distribution System Operators (DSOs) in electrical networks and a strong presence of prominent SCADA suppliers, especially in the US and Canada, drive the market growth in the region.

North America is projected to be the largest market for electrical SCADA due to increasing adoption of SCADA by power operators and service providers and the strong presence of prominent electrical SCADA software and system suppliers, especially in the US and Canada.

Asia Pacific expected to be the fastest-growing market for electrical SCADA

Asia Pacific is the fastest-growing market for electrical SCADA due to the recent T&D developments in India and China. The increase in automation and digitalization activities is likely to boost the demand for electrical SCADA during the forecast period. The increasing investments in electrical networks would further raise the demand for the electrical SCADA market in the near future.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=250093732

The master terminal unit (MTU) is expected to be the largest segment in the electrical SCADA market, by component, in 2017. MTU basically operates as a master controller and hence it is one of the most important components for remote monitoring. Countries such as India, China, and Germany are showing a rapid growth in the MTU segment due to recent developments of generation plants and increase in the dependency on renewable sources in remote areas.

Some of the global players in this Electrical SCADA Market include ABB (Switzerland), Siemens (Germany), Schneider (France), Rockwell Automation (US), Emerson (US), and Mitsubishi (Japan).

Synchronous Condenser Market: Expanding High-Voltage Direct Current (HVDC) Network

 According to the new market research report "Synchronous Condenser Market by Cooling Type (Hydrogen, Air, Water),Type (New & Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End User (Electrical Utilities & Industries), Reactive Power Rating, and Region-Global Forecast to 2025 ", published by MarketsandMarkets™, the global Synchronous Condenser Market  is projected to reach USD 574.0 million by 2025 from an estimated USD 508.4 million in 2020, at a CAGR of 2.5% during the forecast period. Long service life, growth of the renewable energy sector, and an increasing need for power factor correction are driving the growth of the global industry.

Electric utilities are the leading end-users of synchronous condensers and are expected to lead the market throughout the forecast period

Electric utilities have been historically the largest users of power factor correction equipment. Industries employ synchronous condensers only when the requirement for power factor correction is high, and the power transmission is over a long distance. Mining and metal processing industries have been the largest users of synchronous condensers, but their share is low as compared with electric utilities. Hence, the market for electric utilities will remain dominant and grow at a faster rate during the forecast period.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=189197147

Static frequency converters provide superior control for starting synchronous condensers compared with pony motors. Pony motors are preferred for small-sized condensers. Static frequency converters offer better precision and capability to start multiple condensers. Owing to these factors, static frequency converters are expected to lead the market segment and grow at the fastest rate within all the segments.

The hydrogen-cooling segment is expected to be the fastest-growing market for the synchronous condenser

Hydrogen-cooled synchronous condensers are the largest segment and are expected to grow faster than other cooling methods. It is the preferred method of cooling employed for medium- to large-sized synchronous condensers. The key driving factor will be the installation of medium- to large-sized synchronous condenser units between 100 and 300 MVAr across the regions.

Synchronous condensers rated above 200 MVAr are expected to capture the major share of the Synchronous Condenser Market

With the rising need for power factor correction, demand for synchronous condensers is expected to grow, especially for condensers rated above 200 MVAr. This is evident from the contracts that have been executed from 2016 to 2020. This may be attributed to the rising demand for reactive power to stabilize the grid and maintain voltage regulation.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=189197147

North America is expected to dominate the global Synchronous Condenser Market

Rising demand for synchronous condensers in Canada, especially new installations and conversion of old power plants to synchronous condensers in the US is anticipated to drive the Synchronous Condenser Market in North America. Many thermal power plants are being shut down in the U.S. to curb pollution and promote renewable power generation. This is also likely to create a huge demand for synchronous condensers in the region.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players, such as Siemens (Germany), GE (US), Eaton (Ireland), ABB (Switzerland), and WEG (Brazil) along with other prominent manufacturers of synchronous condensers.

Electrical Digital Twin Market Growing at a CAGR of 15.4% by 2024

The global electrical digital twin market is projected to reach USD 1,642 million by 2024 from an estimated USD 804 million in 2019, at a CAGR of 15.4%. This growth can be attributed to the improved accuracy and efficiency in power sector operations, streamlined integration of renewable energy technologies, and reduced unplanned downtime and maintenance cost.

The asset performance management is expected to hold the largest share of the electrical digital twin market, by application, during the forecast period.

The asset performance management segment is projected to be the largest market during the forecast period. This is mainly because the power utilities are constantly focusing on asset management to continuously monitor asset health, increase grid reliability, and help in maintenance optimization. With the help of digital twining, the power utilities can map physical assets to a digital platform that helps in creating a single source of data for all power generation or renewable assets.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192874390

The cloud segment is expected to be the fastest growing electrical digital twin market, by deployment, during the forecast period.

The cloud segment accounted for the highest CAGR during the forecast period. The growth of this segment can be attributed to the multiple benefits of cloud software installation such as easy accessibility, no upfront cost associated (instead regular payments are made which are an operating expense), maintenance of software or the hardware it resides on by cloud service providers, quick deployment, and lower energy consumption cost. All these factors are likely to increase the demand for cloud services in the electrical digital twin market during the forecast period.

North America: The leading electrical digital twin market.

In this report, the electrical digital twin market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. North America is estimated to dominate the global electrical digital twin market during the forecast period. In recent years, the development of software and automation solutions deployed across the power generation utilities has created a positive impact on the growth of digital twins. Moreover, the increased research & development (R&D) activities in the field of Internet of Things (IoT) and Industrial Internet of Things (IIoT) and increasing demand for efficient and cost-effective technologies for power utilities are the factors driving the market in this region.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=192874390

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electrical digital twin market. Some of the key players are Siemens (Germany), GE (US), ABB (Switzerland), Emerson (US), and AVEVA (UK). The leading players are adopting various strategies to increase their share in the electrical digital twin market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com

Electrical Bushings Market: Focus Towards Combined Insulation Bushings

The global electrical bushings market is projected to grow at a CAGR of 3.86%, from 2018 to 2023. In 2017, Asia Pacific was the largest market for electrical bushings, followed by Europe and North America. The growth of the electrical bushings market is mainly driven by rising electrical network expenditure and the increasing demand for electrical equipment from end-users such as railways and renewable.

The electrical bushing application has been segmented into transformer, switchgear, and others. The others segment includes circuit breakers, generators, reactors, and wall applications. The transformer segment held the largest market share in 2017 and is expected to be the fastest-growing market from 2018 to 2023. Increasing investments in T&D networks and rising installation of electrical equipment such as transformers, switchgears, and circuit breakers are the major factors driving the transformer segment during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=219476017

The electrical bushing end-user has been segmented into utilities, industries, and others. The others segment includes railways and metro, renewable, and the commercial sector. The utilities segment held the largest market share in 2017 and is expected to be the fastest-growing market from 2018 to 2023. Bushings are the most important component of transformers and switchgears as they control the electric field and reduce electrical stresses. Many utilities are upgrading or adding T&D capacity, thereby, boosting the demand for electrical bushings.

Asia Pacific is expected to be the fastest-growing market

Asia Pacific held the largest market share in 2017 and is expected to be the fastest-growing market from 2018 to 2023. It is the most populated region in the world and consequently witnesses a high demand for electricity. Increasing grid investments especially in developing economies such as China and India and plans for electrification in countries such as Vietnam, Indonesia, and the Philippines are expected to drive the electrical bushings market in Asia Pacific. China accounted for the largest share of the electrical bushings market in Asia Pacific in 2017. The National Energy Administration of China estimates a cumulative investment of USD 280 billion is required to increase the length of the transmission lines in the ultra-high voltage (more than 800 kV) network, under its 2015–2020 Power Grid Construction and Reform Plan. This eventually increases the demand for power equipment such as transformers, generators, and circuit breakers, thereby creating business opportunities for the electrical bushings market in Asia Pacific.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=219476017

The electrical bushings market is dominated by a few global players. The key players operating in this market include ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), and Nexans (France). The other players in the market include BHEL (India), CG Power (India), Elliot Industries (US), Gamma (Colombia), GIPRO GmbH (Austria), Hubbell (US), Polycast International (Canada), RHM International (US), Toshiba (Japan), and Webster-Wilkinson (UK).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/electrical-bushing.asp

Electrical Digital Twin Market worth $1,642 Million by 2024 - Latest Report by MarketsandMarkets™

According to the new market research report "Electrical Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind Farm, Digital Grid, Hydropower Plant, and Der), Application, Deployment (Cloud/Hosted and On-Premises), End-user, Region - Global Forecast to 2024", published by MarketsandMarkets™, the global Electrical Digital Twin Market is projected to reach USD 1,642 million by 2024 from an estimated USD 804 million in 2019, at a CAGR of 15.4%. This growth can be attributed to the improved accuracy and efficiency in power sector operations, streamlined integration of renewable energy technologies, and reduced unplanned downtime and maintenance cost.

The asset performance management is expected to hold the largest share of the Electrical Digital Twin Market, by application, during the forecast period.

The asset performance management segment is projected to be the largest market during the forecast period. This is mainly because the power utilities are constantly focusing on asset management to continuously monitor asset health, increase grid reliability, and help in maintenance optimization. With the help of digital twining, the power utilities can map physical assets to a digital platform that helps in creating a single source of data for all power generation or renewable assets.  

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192874390

The cloud segment is expected to be the fastest growing Electrical Digital Twin Market, by deployment, during the forecast period.

The cloud segment accounted for the highest CAGR during the forecast period. The growth of this segment can be attributed to the multiple benefits of cloud software installation such as easy accessibility, no upfront cost associated (instead regular payments are made which are an operating expense), maintenance of software or the hardware it resides on by cloud service providers, quick deployment, and lower energy consumption cost. All these factors are likely to increase the demand for cloud services in the Electrical Digital Twin Market during the forecast period.

North America: The leading Electrical Digital Twin Market.

In this report, the Electrical Digital Twin Market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. North America is estimated to dominate the global Electrical Digital Twin Market during the forecast period. In recent years, the development of software and automation solutions deployed across the power generation utilities have created a positive impact on the growth of digital twins. Moreover, the increased research & development (R&D) activities in the field of Internet of Things (IoT) and Industrial Internet of Things (IIoT) and increasing demand for efficient and cost-effective technologies for power utilities are the factors driving the market in this region.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=192874390

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Electrical Digital Twin Market. Some of the key players are Siemens (Germany), GE (US), ABB (Switzerland), Emerson (US), and AVEVA (UK). The leading players are adopting various strategies to increase their share in the Electrical Digital Twin Market.

Arc Flash Protection Market: Remarking Enormous Growth with Recent Trends & Demand by Top Key Players

The arc flash protection market is projected to grow from an estimated USD 1.85 Billion in 2017 to USD 2.41 Billion by 2022, at a CAGR of 5.38% from 2017 to 2022. The market in North America is estimated to be the largest markets for arc flash protection system and equipment, followed by the market in Europe. This trend is expected to continue till 2022. The growth of the arc flash protection market is driven by increasing investments in electrical networks and growth of the manufacturing sector in South-East Asia.

North America: The leading market for arc flash protection

The market in North America is expected to dominate the global arc flash protection market, given the increasing awareness to reduce the electrical risk hazards at workplace in order to create a safer environment for personnel as well as the equipment. Growth in industries such as food & beverage, infrastructure and transportation, utility, and mining, is also expected to increase capital spending on safety equipment by major manufacturers. All these factors are expected to drive the North American arc flash protection market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173842520

The arc flash protection market in the Middle East is projected to grow at the fastest rate from 2017 to 2022. Increasing investment in the electrical infrastructure and key focus on electrical safety issues will be driving the growth of the arc flash protection market in the region during the forecast period. The region also witnessed investment in the transportation and infrastructure segment, which are also driving the arc flash protection market.

The utilities segment in the arc flash protection market is expected to be the largest market. Growing demand for electricity has resulted in significant capital spending on electrical networks to boost power generation and improve transmission and distribution quality. Increase in expenditure on electrical networks from China, India, and countries in the Middle East would drive the utilities segment.

The upgradation of existing safety equipment installed across applications in switchgears, distribution boards, motor control centers, and panel boards is expected to create new opportunities for arc flash protection equipment companies. Moreover, governments in most of the countries are investing in renewable energy-based power generation to match up with the growing energy demand. The companies are focusing on deploying High Voltage Direct Current (HVDC) systems as they are efficient for long-distance power transmission. All these factors will drive the arc flash protection market during the forecast period.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=173842520

The arc flash protection market is dominated by a few global players. Key players operating in the market include ABB, Ltd. (Switzerland), General Electric (U.S.), Schneider Electric (France), Eaton Corporation (Ireland), Siemens AG (Germany), and Littelfuse, Inc. (U.S.) among others.

Content Source: https://www.marketsandmarkets.com/PressReleases/arc-flash-protection.asp

Gas Engine Market Latest Industry Trends & Forecast to 2022

The global Gas Engine Market is estimated to be USD 3.54 Billion in 2017 and is projected to grow USD 4.76 Billion by 2022, at a CAGR of 6.12%, from 2017 to 2022. Europe is estimated to be the largest gas engine market, by region, followed by North America. This trend is expected to continue during the forecast period. The growth of the gas engine market is driven globally by the rising demand for power generation from different industrial and commercial consumers which mainly include emergency power and Combined Heat and Power (CHP) applications. The other key growth factors that drive the gas engines market is the decreased natural gas prices along with the shift from using conventional fossil fuel such as coal, crude oil to natural gas, biogas as primary source of clean power generation.

Application:

·         Power Generation

·         Co-generation

·         Others

Power generation is leading the global gas engines market and trend is expected to continue during the forecast period. Manufacturing plants, commercial buildings, public buildings, and utilities are mainly deploys gas engine for power generation application. The gas engines are suitable for base load, grid support, combined cycle, peak shaving, and distributed power generation applications. The market for gas engine for power generation is mainly driven by the growing demand for global power requirement, especially in regions such as Europe, the Americas and Asia Pacific. Co-generation application segment is expected to grow at high CAGR during the forecast period. The growth of co-generation application is mainly attributed to the increasing installed capacity of gas fueled CHP power plants in cold climate countries.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=54641802

End-User Industry:

·         Utilities

·         Oil & Gas

·         Manufacturing

·         Others

Gas Engine Market segmented by end user into Utilities, manufacturing, oil & gas, and others which include commercial complex, hospitals, wastewater treatment plants and greenhouse. The utilities segment is leading the gas engine market. Utilities mainly deploy the gas engines for the base load and peak load power generation. Falling natural gas prices and improved natural gas distribution network are driving the growth of the utilities segment.

Europe: the leading gas engine market

In this report, the gas engine market has been analysed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The European market is currently the largest gas engine market, followed by the markets in North America, Asia Pacific, and the Middle East & Africa. The European market is projected to grow at a higher rate due to stringent environmental norms which led to the use of renewable resources such biogas, landfill gas, and sewer gas for power generation. The growth of the gas engine market in the European region can be attributed to the EU’s policies to curb the CO2 emission, well-established gas distribution network, and increased production of biogas in the region.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=54641802

The gas engine market is dominated by a few international players such as, General Electric Company (U.S.), Caterpillar Inc. (U.S.), Wärtsilä Corporation (Finland), Rolls-Royce Holdings plc (U.K.), Cummins Inc. (U.S.) among others.

Content Source: https://www.marketsandmarkets.com/PressReleases/gas-engine.asp

Circuit Breaker Market Insights with statistics and Growth Prediction 2017 to 2022

The global circuit breaker market is projected to reach USD 8.68 billion by 2022, from an estimated USD 6.85 billion in 2017, growing at a CAGR of 4.85%, from 2017 to 2022. The market in Asia Pacific was the largest in 2016 and is projected to hold the largest share by 2022, followed by the markets in North America and Europe. The growth of the circuit breaker market is driven by increasing access to electricity in developing countries, growing renewable power generation projects, and increasing construction and developmental activities.

The renewable end-user segment is expected to grow at the highest CAGR, from 2017 to 2022.

The renewable end-user segment is expected to grow at the highest CAGR, during the forecast period. Increasing investments in renewable energy sources to curb CO₂ emissions and the growing need for access to electricity are the major factors driving the growth of the renewable segment of the circuit breaker market. Circuit breakers are used to detect the fault current and protect electrical equipment in the grid.

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

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.

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.

The circuit breaker market in Asia Pacific is projected to grow at the fastest rate during the forecast period. Increasing grid investments and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines is likely to drive the growth of the circuit breaker market in the region during the forecast period. Indonesia aims to achieve a 90% electrification rate by 2025 and countries such as the Philippines and Malaysia have similar plans. Growing investments in smart grid technologies such as distribution grid automation, smart meters, and demand response systems in Japan, South Korea, and Australia, among other countries, would create opportunities for the circuit breaker market in Asia Pacific.

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

The circuit breaker market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the circuit breaker market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Hitachi (Japan), Toshiba (Japan), Schneider Electric (France), and Mitsubishi (Japan).

Increasing Renewable Energy Investments are Driving the Grid-Scales Battery Market, From 2018 to 2023

The global grid-scale battery market was valued at USD 0.87 Billion in 2017 and is expected to reach USD 5.82 Billion by 2023, at a CAGR of 33.52% between 2018 and 2023. Major factors driving the growth of the market include the increasing investments in renewable energy, reducing costs of grid-scale battery owing to technological advancements and expanded deployment.

Application

·         Renewable Integration

·         Peak Shift

·         Ancillary Services

·         Back-Up Power

·         Others

Based on application, the market has been segmented into renewable integration, peak shifting, ancillary services, back-up power, and others (including microgrids, ramping, black start, and transmission/distribution upgrade deferral). Factors such as attainment of renewable targets and energy efficiency; increased reliability, security and resiliency from microgrid applications are expected to drive the growth of the market for renewable integration during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93054442

The market has been segmented on the basis of region into North America, Europe, Asia Pacific, and RoW. North America dominates the market. The growth of the market in North America can be attributed to the increasing demand for renewable energy storage in the residential, non-residential, and utility sectors. High population in APAC has resulted in the increased demand for energy; this has, in turn, amplified the need for fossil fuels. Moreover, governments of various countries in this region are striving to minimize adverse effects of the energy sector on the environment. These factors are encouraging the deployment of grid-scale batteries in residential and utility applications.

Some of the leading players in the grid-scale battery market are LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), BYD Company (China), ABB (Switzerland), GE (US), GS Yuasa (Japan), Toshiba (Japan), Saft (France), S&C Electric (US), and NGK Insulators (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: newsletter@marketsandmarkets.com

Gas Insulated Switchgear Market Comprehensive Insights and Scope to 2023

The global gas insulated switchgear market is projected to reach a market size of USD 28.09 billion by 2023, growing at a CAGR of 8.73% during the forecast period. In 2018, the market in Asia Pacific is estimated to be the largest for gas insulated switchgear, followed by Europe. This trend is expected to continue till 2023. The growth of the gas insulated switchgear market is driven by the growth in renewable power generation, increasing investments in the transmission and distribution infrastructure, the rise in energy demand, limitations of space availability in densely populated urban areas, and government initiatives toward improving electricity access.

End-User

·         Power Transmission Utility

·         Power Distribution Utility

·         Power Generation Utility

·         Infrastructure and Transportation

·         Industries & OEMs

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234770702

The gas insulated switchgear market, by end-user, is segmented into power transmission utility, power distribution utility, power generation utility, infrastructure & transportation, and industries & OEMs. Power distribution utility is expected to grow at the highest CAGR during the forecast period. Space constraint is one of the major challenge in the development of distribution grid infrastructure projects which can be overcome by GIS substations and create new revenue pockets.

Asia Pacific: The largest market for gas insulated switchgear.

Asia Pacific is expected to account for the largest market share of the global gas insulated switchgear market in 2018. This trend is projected to continue till 2023. It is the most populated region in the world and consequently witnesses a high demand for electricity. Countries such as China, Japan, and India are investing in their grid expansion projects to increase distribution grid reliability. China accounted for the largest share of the gas insulated switchgear market in Asia Pacific in 2016 and has the highest installed generation and distribution capacity. The country, which is an export-oriented economy, has witnessed exponential growth in the demand for electricity in the past couple of decades, fueled by industrialization and infrastructural developments. Almost all the countries in the region are augmenting their generation capacities. India, China, and Indonesia are investing heavily in their hydroelectric power projects. Japan, China, and India are also emphasizing on nuclear and solar power generation to meet their increasing energy demand. These has led to rise in investments in the transmission & distribution sector by connecting renewable energy generation to the grid and are expected to drive the growth of the gas insulated switchgear market in Asia Pacific.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=234770702

The gas insulated switchgear market is dominated by a few major players that have a wide regional presence and are established brand names. The leading players in the market include ABB (Switzerland), Siemens (Germany), Hitachi (Japan), Toshiba (Japan), and Nissin Electric (Japan).

Smart Meters Market: a New Era for Power and Utilities Industry

The smart meters market is projected to reach USD 19.98 billion by 2022, at a CAGR of 9.34% from 2017 to 2022. The North American market is estimated to be the largest market for smart meters, followed by Asia-Pacific in 2017. This trend is expected to continue till 2022. Smart meters are used in the industrial, commercial, and residential sector, measuring energy consumption of the consumers. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the market globally. Residential customers are the fastest end-users of smart meters, followed by commercial and industrial customers. High installation costs for end-users would be a restraint for the smart meters market.

Target Audience:

·         Electric, water, and gas utilities

·         Smart electric, gas, and water manufacturing companies

·         Distributed energy generation solution providers

·         Smart electric, water, and gas meter vendors

·         Government and industry associations

·         State and national regulatory authorities

·         Distribution grid operators

·         Energy regulatory agencies

·         Investors and financial community professionals

·         State or government-owned corporations

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

Scope of the Report:

By Type

·         Smart Energy Meters

·         Smart Water Meters

·         Smart Gas Meters

By Application

·         Industrial

·         Commercial

·         Residential

By Technology

·         Automatic Meter Reading (AMR)

·         Advanced Metering Infrastructure (AMI)

By Region

·         North America

·         Europe

·         Asia-Pacific

·         South America

·         Middle East

·         Africa

North America: The leading market for smart meters

The North American market dominates the smart meters market during the forecast period. In North America, the growth of the smart meters market can be attributed to focus on electricity, water, & gas, monitoring & prevention of leakage, and the repair & upgrade of aging infrastructure. Lot of smart meters rollouts are taking place in countries such as the U.S., Canada, and Mexico which would impart growth in the North American region.

Market Ecosystem:

The smart meters market ecosystem comprises of power and automation technology companies such as Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.), and Toshiba Corporation (Japan), among others.

Synchronous Condenser Market Competitive Analysis and Global Opportunities to 2021

The synchronous condensers market is projected to grow from an estimated USD 515.3 Million in 2016 to USD 572.9 Million by 2021. The growth is attributed to increasing renewable power generation, long service life, and rising need for power factor correction. Existing and planned upgradation and expansion of High-Voltage Direct Current (HVDC) network across the globe in various regions is expected to increase demand for power factor correction equipment such as synchronous condenser.

Browse 71 market data tables and 47 figures spread through 134 pages and in-depth TOC on “Synchronous Condenser Market”

https://www.marketsandmarkets.com/Market-Reports/synchronous-condenser-market-189197147.html

Increasing renewable power generation to drive the global synchronous condenser market demand close to USD 600 million by 2021

Synchronous condenser key application lies in power generation from renewable sources fed to the main transmission grid.  A synchronous condenser is preferred over its substitutes due to its short-circuit power capability, no harmonics, and inertia to the transmission grid.The global synchronous condenser market size is projected to reach USD 572.9 Million by 2021, largely due to long service life, increasing renewable power generation, and rising need for power factor correction. Ongoing new product developments by leading companies for new applications of condensers are likely to propel further growth of the synchronous condenser the long-term forecast.

High maintenance and equipment cost could hamper the growth of the synchronous condenser market.

Renewable sources are gaining in contribution to the global power generation mix. However, renewable sources offer poorer power quality resulting in weak grid stabilities. Synchronous condenser offers key technology to mitigate this challenge. However, it is associated with high initial costs, owing to large-scale use of expensive raw materials such as aluminium and copper. Usually, new synchronous condensers installation cost runs to hundreds of thousands of USD/MVAr, while converting generators into synchronous condensers or refurbishment cost ranges between USD 20,000/MVAr–USD 50,000/MVAr. This makes the synchronous condenser less popular than alternatives such as STATCOM, shunt reactors, and capacitor banks.

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=189197147

North America is expected to dominate the global synchronous condensers market

Rising demand for synchronous condensers in Canada, especially new installations and conversion of old power plants to synchronous condensers in the U.S. would drive the synchronous condenser market in North America. Many thermal power plants are being shut down in the U.S. to curb pollution and promote renewable power generation. This is also likely to create a huge demand for synchronous condensers in the region.

Some of the leading players in the synchronous condenser market include Siemens AG (Germany), General Electric (U.S.), Eaton Co. Plc. (Ireland), ABB Ltd. (Switzerland), Voith GmbH (Germany), Fuji Electric Co., Ltd. (Japan), Toshiba Corporation (Japan), and Hyundai Ideal Electric Co. (U.S.) among others. 

DC Circuit Breaker Market 2019 Studies and Business Outlook to 2024

According to the new market research report "DC Circuit Breaker Market by Voltage (Medium Voltage and High Voltage), Type (Solid-State and Hybrid), Insulation (Vacuum and Gas), End-User (T&D utilities, Power generation, Renewables, and Railways) and Region - Global Forecast to 2024", published by MarketsandMarkets™, the DC Circuit Breaker Market is expected to grow from an estimated USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a CAGR of 6.54%. Increasing investments in the electrical networks, increasing demand for reliable and secure power supply worldwide, and growing adoption of renewable energy sources across the globe are likely to drive the DC Circuit Breaker Market.  Aging Power Infrastructure, rising electrification projects and adoption of the HVDC technology, can lead to opportunities in the DC Circuit Breaker Market.

The medium voltage segment is expected to hold the largest share of the DC Circuit Breaker Market, by voltage, during the forecast period.

The medium segment led the DC Circuit Breaker Market in 2019 and is projected to have the largest market share during the forecast period. This growth can be attributed mainly to the growing demand to attain reliable and sustainable power supply mostly in rural areas of the Asia Pacific and the Middle East & Africa region. Increasing investments in aging electrical infrastructure in transmission and distribution networks and the rising need to protect electrical circuit equipment further drives the medium voltage DC Circuit Breaker Market.

Browse and in-depth TOC on “DC Circuit Breaker Market”

67 - Tables

33 - Figures

151 - Pages

Ask for PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=9752370

By insulation, the vacuum segment led the DC Circuit Breaker Market, during the forecast period.

The vacuum segment led the DC Circuit Breaker Market in 2019. High insulating strength, suitability for repeated operations, & low maintenance cost are expected to drive the vacuum DC Circuit Breaker Market.  Also, rising investments in electrification projects, in which vacuum technologies are highly deployed encourages players to invest in the DC circuit breaker. They are mainly used in medium voltage ranging from 11 kV to 33 kV. They have a long mechanical service life. They are fast in operation; hence are ideal for fault clearing. Further, they are also safe as they do not explode, have a noiseless operation, are eco-friendly, and have a very minimal maintenance cost. They mainly find application in switchgears, transformers, power conditioning systems, switching devices, and transformers.

Asia Pacific: The leading market for DC Circuit Breaker Market

In this report, the DC Circuit Breaker Market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific led the global DC Circuit Breaker Market in 2018. The high growth rate in the Asia Pacific region can be attributed to increased investments in the electric grid development and growing reliance on renewable sources of power generation. China and India are the largest markets for DC Circuit Breaker Market in the region. Increasing grid investments and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines is likely to drive the growth of the DC Circuit Breaker Market in the region during the forecast period. Rise in investments in smart grid technologies is another factor which is driving the DC Circuit Breaker Market in Asia Pacific.

Speak to Analyst:

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=9752370

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the DC Circuit Breaker Market. The key players are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Toshiba (Japan), Larsen & Toubro (India), Mitsubishi (Japan), Powell (US), Rockwell Automation (US), Fuji Electric (Japan), CG Power (India), ENTEC Electric & Electronic (South Korea), BRUSH Group (UK). Contracts & agreements was one of the key strategies adopted by the players to strengthen their global presence and offerings.