Overview of the global solar batteries market
Market research analysts at Technavio predict that the global solar batteries market will grow steadily during the next four years and post a CAGR of more than 16% by 2020. This market research analysis identifies the increasing demand from the telecom sector to be one of the major factors that will have a positive impact on the growth of the solar power batteries market in the coming years. With the growth of the telecom sector, telecom companies have started installing new base transceiver stations (BTS) to support the rapidly increasing traffic. To provide better coverage, telecom operators have the need to install base stations at remote locations as well, which will demand the need for diesel generators due to unreliable grid connections. However, diesel generators account for almost 40% of the total operating expenditure and also lead to environmental pollution. This will induce telecom service providers to use hybrid power systems to power their base stations. One of the major telecom companies, Bharthi Airtel has already announced to power about 40,000 telecom towers using hybrid batteries such as lithium-ion and solar hybrid.
One of the major trends that will gain traction in the solar power battery market in the coming years is the rise in deployment of microgrids. A microgrid consists of a number of energy generation sources such as solar, wind, biomass, geothermal and fossil fuel generators and supplies power to a local
Global outlook of the industrial lubricants market
Technavio’s market research analysts predict the global industrial lubricants market to grow steadily during the forecast period and post a CAGR of almost 3% by 2020. This industry research report identifies the rise in process automation to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With globalization and the constantly increasing population, there is a growing demand for superior quality products. As a result, companies across the world will start automating their manufacturing units. This will help them improve the efficiency of their processes and increase productivity, in turn, achieve improved benefits. However, this rise in productivity will also lead to increased machinery run time, which will result in the need for industrial lubricants to prevent equipment failure.
The emergence of bio-based lubricants will be one of the major trends that will gain traction in this market in the coming years. With rising concerns on the negative impact of petroleum-based lubricants on the environment, industrial lubricant vendors will start manufacturing lubricants using biodegradable sources such as vegetable oil. Vendors such as Castrol, Total, ExxonMobil, and Fuchs have already started providing environment-friendly lubricants that leave minimal traces in the environment as they degrade gradually.
Competitive landscape and key vendors
This market is characterized by the presence of a considerable number of industrial lubricant vendors and appears to be fragmented. The market is highly competitive and pricing pressures in the market lead to constant price wars. Due to the introduction of new regulations by several governments across world
Global overview of the industrial uninterruptible power supply (UPS) market
The global industrial UPS market is expected to witness steady growth and will post an impressive CAGR of over 6% by 2020. Much of this market’s growth can be attributed to the rising global demand for power backup solutions. Due to the recent increase in the demand for power backup across industries, UPS systems have started gaining popularity among end-users as they help ensure continuous operations across businesses. Many manufacturing industries, especially the oil and gas, petrochemical and refining, and automobile design facilities, are using UPS systems for power backup to prevent loss of data and productivity. Other industries such as food processing, chemicals, and healthcare also figure among the major end-users of UPS systems.
A key trend that is also anticipated to affect this market’s growth is the recent decline in lithium-ion battery prices. The growth prospects for the industrial UPS market are highly dependent on battery dynamics. Li-ion batteries have higher energy densities than lead-acid batteries or nickel-metal hydride batteries. Having a high-energy density essentially means that the battery can store more electricity in the same size cell but with reduced UPS footprint. This benefit makes Li-ion batteries ideal for use in industrial UPS systems.
Competitive landscape and key vendors
This market is highly competitive and is characterized by the presence of intense pricing pressure, which is leading to price wars. The level of competition in this market is expected to intensify along with the increase in product extensions, technological innovations, and M&A activities.
Top vendors in this market are -
- AMETEK Solidstate Controls
- Emerson Network Power
- Schneider Electric
Overview of the global solar street lighting market
Market research analysts at Technavio predict that the global solar street lighting market will grow steadily during the next four years and post a CAGR of more than 19% by 2020. This market research analysis identifies the increased support from the governments of several countries across the world as one of the primary growth factors for the solar-powered street lights market. The constantly increasing energy costs and the rise in demand for electricity has induced various governments to form partnerships with international organizations and regional non-governmental organizations (NGOs) to introduce several schemes that provide subsidies for the implementation of solar lighting systems. This will encourage vendors to offer efficient lighting solutions that will be isolated from the national grid. Analysts predict that such initiatives will drive the growth of the solar street lighting market especially in the emerging countries like India, where the government has already introduced the Prakash Path initiative to replace 770 million incandescent bulbs and 35 million street lights with energy-efficient LED bulbs.
Though solar lighting is increasingly adopted by countries across the world, it will mainly benefit the emerging economies such as the countries in Africa and Asia to provide lighting facilities to households that are not connected to the national electricity grids. Though the developing countries concentrate on infrastructure development, providing centralized grid power is financially challenging since it requires extensive labor, cost, and time for developing the entire transmission and distribution (T&D) infrastructure. As a result, these countries will start
Overview of the global greenhouse horticulture market
Market research analysts at Technavio predict that the global greenhouse horticulture market will grow steadily during the next four years and post a CAGR of almost 10% by 2020. This market research analysis identifies government subsidies for greenhouse farming as one of the primary growth factors for this market. To encourage the development of greenhouse horticulture, the governments of serval countries across the globe, especially the emerging countries in Asia and Europe, are collaborating with international organizations to introduce several schemes to encourage the adoption of greenhouse horticulture. For instance, the government of Netherlands offers incentives such as the deduction of energy tax or a reduction in the levy on energy consumption for glasshouse horticulture. Similarly, the government of South Africa offers free or subsidized tunnels to farmers and low credit interests that are financed by private banks. Also, the government of India has recently announced that farmers practicing greenhouse horticulture will be provided with 50% to 75% cost subsidy by the government. Such incentives will attract more farmers to shift to greenhouse farming, which will consecutively propel the growth of the market.
One of the major trends that will gain traction in this market in the coming years is the development of rooftop greenhouses. Rapid urbanization that results in reducing the availability of land will induce governments to encourage the development of greenhouses on rooftops. According to the availability of space on the roof, Nexus Greenhouse Systems already provides custom greenhouse designs for rooftop greenhouses in the Americas. Additionally, the rise in urban farming that allows people to grow food
Outlook of the global fuel cell market for combined heat and power (CHP) applications
According to the analysts at Technavio, the global fuel cell market for combined heat and power (CHP) applications will grow at an impressive CAGR of almost 25% by 2020. The rising adoption of fuel cell products is a critical factor responsible for this market’s growth over the next few years. It has been observed that fuel cell shipments for stationary applications have continually grown over the years, powering thousands of telecom towers and generating clean energy in buildings and the residential sector. This recent increase in the adoption of fuel cells can be attributed to the ability of fuel cells to use diverse fuel sources. The rising demand for fuel cells can also be attributed to benefits such as its ability to generate grid-independent power, as they are cleaner, operate silently, and offer higher efficiency than other related technologies. Some of the different areas where fuel cells are used in stationary applications include prime power, CHP, telecom towers, and in remote monitoring.
In terms of geography, the global fuel cell market for CHP applications was dominated by APAC in 2015. Though the market share for this region is envisaged to witness a slight decline by 2020, it will continue to be the largest market for fuel cells owing to high investments in fuel cell devices and advances in technology. Also, factors such as the rising need to reduce energy consumption across various sectors will result in this market’s strong growth in APAC during the forecast period.
Competitive landscape and key vendors
This market is in its nascent stage and is characterized by the presence of several vendors across the globe. The
The energy industry is in a state of flux. Declining fossil fuel reserves are driving energy security concerns, which are boosting prospects for alternative energy sources. Globally, thermal power is steadily losing ground as renewable power, like wind, solar, biomass, biogas, and tidal, is gaining traction and more and more renewable sources achieve grid parity.
Additionally, smart grids have emerged as a key growth driver in this segment and are helping transform the way we obtain and use energy. Integration of smart grids with renewable energy sources has also facilitated the growth of the energy industry as a whole.
Distributed generation, microgrids, and next-generation energy storage are some of the new technologies that are gaining prominence across the industry.
Technavio’s energy reports are extensive in coverage and include markets like smart grid, oil and gas, power, energy storage; and water and waste management.