Smart Meters Market Technology Advancement and Industry Growth by 2022

The smart meters market is projected to reach USD 19.98 billion by 2022, at a CAGR of 9.34% from 2017 to 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. 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. The growth of the smart meters market is driven by government policies, energy conservation, increasing smart grid deployment, and utilities urge to enhance distribution efficiency.

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

The Advanced Metering Infrastructure (AMI) technology segment is expected to grow at the fastest CAGR from 2017 to 2022
With regards to the technology segment, Advanced Metering Infrastructure (AMI) are expected to constitute the fastest growing market from 2017 to 2022 because of its advanced technology. Moreover, AMI reduces labor cost and several power, water, and gas utilities worldwide are replacing AMR with AMI infrastructure, further creating growth opportunities for the AMI market. 

Asia-Pacific is estimated to be the fastest growing market for smart meters from 2017 to 2022. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the global smart meters market. China is expected to grow at the fastest pace during the forecast period. Furthermore, the growing power sector in India is expected to spur the growth of the market and represents a promising opportunity for major smart meters providers. Japan is also expected to witness a significant growth during the same period. On the other hand, Europe and the Middle East are trying to boost their energy efficiency programs, T&D spending, and construction & infrastructural activities.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=366

The smart meters market is dominated by a few major players that have a wide regional presence and are established brand names. Leading integrated solution providers in the smart meters market include Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.) and Toshiba Corporation (Japan).

Offshore Wind Market Emerging Trends, Growth and Opportunities to 2022

The Offshore Wind Market is expected to grow from an estimated USD 27.02 Billion in 2017 to USD 55.11 Billion by 2022, at a CAGR of 15.32% from 2017 to 2022. The market in Europe was estimated to be the largest market for offshore wind, followed by Asia-Pacific in 2016. This trend is expected to continue till 2022. The offshore wind market has been rapidly growing, especially in Europe as it contributed the European Union (EU) to meet its renewable energy targets for 2020. The global demand for electric power is increasing due to various factors such as urbanization, increased industrialization, and economic development among others. Rising energy demand and energy efficiency mandates drive the demand for the offshore wind. The growth of the offshore wind market is driven by increasing share of renewable energy in power generation, energy efficiency mandates demanding carbon emission reduction, and government incentives supporting renewable energy deployment. The offshore wind is gaining acceptance due to its high capacity factor which makes it an important renewable resource to help in the reduction of CO2 emissions. Moreover, countries like China and the U.S. are also focusing on emission reduction.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253452593

The report segments the offshore wind market on the basis of component such as turbine, substructure, and others (logistics and transportation, and assembly and installation). The turbine segment is projected to dominate the offshore wind market. This is mainly because it contains most important components such as nacelle, rotor and blades, and tower which helps to generate electricity. Moreover, turbine cost accounts for the maximum share in the overall cost of the offshore wind project. The market in Europe is the largest for turbines, where in, companies like MHI Vestas (Denmark) and Siemens AG (Germany) among others manufacture turbines with high capacity and cater the needs of wind farms all across the globe. The market in Europe is currently the largest market for offshore wind, followed by Asia-Pacific and North America. Growth in the region is primarily driven by the U.K., Germany, and Denmark. The U.K. is expected to dominate the offshore wind market.

The market in Asia-Pacific region is expected to grow at the second position followed by the market in Europe, due to its growing trends such as increasing urbanization and industrialization which is leading to higher demand in the power sector. The countries are focusing on power generation through renewable energy sources and the offshore wind forms an integral part of the renewable based power generation. Technological advancement and clean energy consumption would further propel wind power deployment and open up opportunities in the emerging markets of Asia-Pacific, especially in countries like China, Japan, and South Korea as they are looking for an alternative source of energy to diversify their energy mix to reduce CO2 emissions. The other major drivers include strict government regulations on energy efficiency.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=253452593

North America is estimated to be the fastest growing market for the offshore wind market from 2017 to 2022. The U.S. is the only country that had commercial offshore wind operations in this region as of 2016. This region is in the early phase of implementing offshore wind farms. They are partnering with other European countries to develop advanced technologies in order to efficiently install offshore wind turbines. According to the Department of Energy, the U.S. has the potential to produce 7,200 terawatt hours of electricity per year through offshore wind. North America is looking at renewable energy generation in a way to meet its energy needs at affordable costs and minimum environmental damage, thus, driving the market for offshore wind.

The leading players in the offshore wind market are Siemens AG (Germany), MHI Vestas Offshore Wind A/S (Denmark), ABB, Ltd. (Switzerland), EEW Group (Germany), Nexans (France), and A2Sea (Denmark), among others.

HVDC Converter Station Market Progresses for Huge Profits of $11.57 Billion by 2022

The HVDC converter station market is projected to reach USD 11.57 billion by 2022 from an estimated USD 7.90 billion in 2017, at a CAGR of 7.92%, during the forecast period. The market in Asia Pacific is projected to be the fastest growing followed by Europe during the forecast period. The growth is attributed to the requirement of efficient and economical bulk power transfer from major economies in the region. The growth of the HVDC converter station market is driven by the growth of renewable power generation across the world and it is one of the cheapest and safest way of transferring power over large distances.

The report segments the HVDC converter station market, based on component, into valves, converter transformers, circuit breakers, surge arresters, harmonic filters, reactors, and others. The valve segment is expected to account for the largest market share in the component segment as it is the most critical asset of converter stations. In the Asia Pacific region, the investments in power transmission are increasing due to increasing demand for power efficiency from major economies to meet energy requirement and increase the transmission efficiency.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243369221

The report segments the HVDC converter station market, based on power rating, into below 500 MW,> 500–1000 MW, >1000–1500 MW, >1500–2000 MW, and above 2000 MW segments. The >2000 MW segment is projected to grow at the highest CAGR by 2022. Major economies such as China in Asia Pacific and the UK in Europe are facing challenges to carry large power over long distances to meet energy requirements in their countries. This drives the market for large power networks in China and the UK, thus, creating an opportunity for HVDC converter stations as it is the most economical method to carry bulk power over long distances.

Asia Pacific: The fastest growing market for HVDC converter stations
The market in Asia Pacific is estimated to be the fastest growing market for HVDC converter stations from 2017 to 2022. The increasing demand for power and increasing number of wind farms are the parameters contributing to the development of the HVDC converter station market, as the most economical way to connect the renewable power generation to the grid is through the HVDC VSC technology. In addition to this, the investments in power transmission and increasing requirement for bulk power transfer to meet energy requirements in countries like China and India are driving the HVDC converter station market in Asia Pacific.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=243369221

There are a few global players in the market and they have a strong regional presence and are established brand names. Leading players in the HVDC converter station market such as ABB, Siemens and General Electric.

Electric Insulator Market Comprehensive Insights and Trends to 2023

The electric insulator market is projected to reach USD 13.34 billion by 2023, from an estimated USD 10.17 billion in 2018, at a CAGR of 5.58%. In 2018, the market in Asia Pacific is estimated to be the largest, followed by North America. This growth can be attributed to the growing adoption of renewable energy sources, increasing investments in T&D networks, and refurbishment of existing grid networks across the globe. However, increasing availability of low-quality gray market products can hinder the growth of the market.

The electric insulator market, by end-user, is segmented into utilities, industries, and others. The industries segment is estimated to be the fastest growing during the forecast period. The industries segment includes sectors such as oil & gas, marine, manufacturing, and process that require extra safety for electrical equipment. Increasing investments and transition toward clean energy sources and microgrid establishments for renewable power integration would contribute to the growth of the industries segment during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=239382720

Target Audience:
· Component manufacturers and suppliers

· Consulting companies in the power sector

· Electric utilities

· Electrical insulators manufacturing companies

· Government and power research organizations

· Power grid infrastructure companies

· Power plant project developers

· Renewable energy companies

· State and national regulatory authorities

Application

· Transformer

· Cable

· Switchgear

· Busbar

· Surge Protection Device

· Others

The electric insulator market has been analysed with respect to 6 regions, namely, Asia Pacific, North America, Europe, South America, Middle East, and Africa. The market in Asia Pacific is estimated to be the largest electric insulator market, from 2018 to 2023. China and India are heavily investing in T&D infrastructure to meet the growing demand for electricity. North America is the second most lucrative markets for electric insulators as replacement and refurbishment of the existing infrastructure is the major requirement in the local T&D scenario. Meanwhile, Europe is another major market for electric insulators, since the concept of smart grid technologies is gaining momentum particularly among the European Union (EU) countries. A renewed focus on renewable sources of energy is being developed in countries such as Germany and the UK. These upcoming power generation sources are expected to push the growth of new T&D lines, which in turn would increase the requirements for electric insulators.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=239382720

The leading players in the electric insulator market are ABB Ltd. (Switzerland), General Electric, Siemens AG (Germany), Toshiba Corporation (Japan), and Aditya Birla Nuvo Ltd. (India).

Related Reports

1. Circuit Breaker Market by Voltage (Medium Voltage, and High Voltage Circuit Breakers), End-User (Transmission & Distribution, Renewable, Power Generation, and Railways), Type (Outdoor, and Indoor), and Region - Global Forecast to 2022

2. Surge Arrester Market by Type (Polymeric, Porcelain), Voltage (Medium, High, Extra-High), Class (Distribution, Intermediate, Station), End-User (Utilities, Industries, Transportation), and Region - Global Forecast to 2023

3. Transformer Oil Market by Type (Mineral- Naphthenic and Paraffinic), by Application (Small transformers, Large Transformers, Utility & Others), & Region (Asia-Pacific, North America, Europe, ROW) - Global Trends & Forecasts to 2020

Ceramic Tube Market to Set Phenomenal Growth by 2022

According to the new market research report "Ceramic Tube Market by Material Type (Alumina and Zirconia), Application (Electronics and Electrical and Medical and Healthcare), and Region (North America, South America, Asia-Pacific, Middle East and Africa, and Europe) - Global Forecast to 2022", published by MarketsandMarkets™, The ceramic tube market is expected to grow from an estimated USD 691.1 Million in 2017 to USD 993.3 Million by 2022, at a CAGR of 7.52%, from 2017 to 2022. This growth can be attributed to the increased demand for electrical transmission and distribution equipment and the replacement and refurbishment of existing power infrastructure.

The global ceramic tube market, by application, is segmented into electronic and electrical, medical and healthcare, and other, which includes spark plugs. Electronic and electrical applications include vacuum interrupters, power grid tubes, insulators, and capacitors. The growing demand for renewable energy as well the increasing demand for power transmission and distribution equipment is driving the electronic and electrical segment. The medical and healthcare application segment includes ceramic tube used in X-ray tubes for insulation while the others segment includes spark plugs where ceramic tubes are used as insulating envelopes.

The report further segments the electronic and electrical applications segment into the end-use of vacuum interrupters in various power equipment. The vacuum interrupter segment has been segmented, by end-use, into circuit breakers, contactors, re-closers, load break switches, and tap changers. The market for ceramic tube for vacuum interrupter is mainly driven by the growing demand for power equipment, especially in countries such as China, India, and the U.S. The re-closers and circuit breakers markets are expected to grow at a relatively high CAGR from 2017 to 2022. The stringent environmental norms for SF6 -based circuit breakers is one of the primary factors that are expected to drive the vacuum interrupter-based circuit breakers market, from 2017 to 2022.

Asia-Pacific: the leading market for ceramic tube

In this report, the ceramic tube market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market in Asia-Pacific is expected to lead the ceramic tube market, by region, due to the growth of the manufacturing sectors in countries such as China, India, South Korea, and Japan. The market in Asia-Pacific is the largest, by size, and is estimated to grow at the highest rate due to rapid demand for power transmission and distribution equipment in China. Increased investments in the manufacturing sector combined with power generation infrastructure in China, India, and other fast-growing emerging economies in the region, such as Indonesia, has led to a surge in the demand for vacuum interrupters, capacitors, and insulators, thus, driving the ceramic tube market in the region. An increased investment in the manufacturing of automotive parts such as spark plugs in China, Japan, and India is further expected to drive the market for ceramic tube.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47491440

The major Players of ceramic tube market include Kyocera Corporation (Japan), CeramTec GmbH (Germany), CoorsTek, Inc. (U.S.), Morgan Advanced Materials (U.K.), and Carborundum Universal, Ltd. (India).