Overview of the global battery market for E-scooters
Market research analysts at Technavio have predicted that the global battery market for E-scooters will grow steadily during the forecast period and post a revenue of about USD 631 million by 2020. The constant increase in the demand for electricity and the depletion of fossil fuels have encouraged countries across the globe to focus more on the generation of electricity through renewable energy sources. Renewable energy also has a positive impact on the climatic change, which will lead to the integration of renewable energy resources with power grid networks. The intermittent nature of renewable energy demands the need for energy storage. Moreover, as the power generated from renewable resources comes at a much lower cost, e-scooter consumers will be able to charge their vehicles at minimal costs. This will, in turn, drive the adoption of e-scooters in the coming years and will be one of the primary factors propelling the growth of the e-scooter battery market.
In addition to their environmental-friendly benefits, electric scooters have additional advantages such as no requirement for a license, registration, and road tax. This will further increase the demand for e-scooters and will subsequently lead to the rise in the growth of the electric scooter battery market. Though electric scooters that can run at speeds of more than 35mph need license and registration to be ridden, negligible emissions and minimum operating costs will fuel their demand.
Competitive landscape and key vendors
The market is currently marked by the presence of highly competitive vendors that compete on the basis of factors like brand recognition, product quality, reliability, durability, energy density, and product pricing
Overview of the global solar home lighting market
Market research analysts at Technavio have predicted that the global solar home lighting market will grow impressively and post a CAGR of about 20% during the forecast period. Fossil fuels currently account for more than 80% of the world's energy demand. The demand for fossil fuels is expected to increase in the coming years and is mainly attributed to the increasing demand for energy across the globe, especially from the non-OECD (Organization for Economic Co-operation and Development) countries such as China and India. The impact of rapid industrialization on the environment is quite significant and has resulted in the rise in global temperatures of both the land surface and water bodies. The rise in demand for energy from residential and industrial consumers is quite imminent and so is the extensive use of fossil fuels that result in a significant cost to the environment in the form of greenhouse gas emissions. The implementation of renewable sources of energy, such as solar, wind, and hydro energy will significantly reduce the emission of greenhouse gasses and also help achieve the goal of creating a sustainable environment.
This market research analysis predicts that the increased collaboration between the local governments, international organizations, and regional NGOs will greatly contribute to the growth of the solar powered lights market over the next four years. Governments have started introducing several schemes for encouraging the development of the solar home lighting systems. It provides subsidies and discounts to projects that aim at the development and implementation of the lighting systems using renewable energy sources. This
Overview of the global drilling data management systems market
Technavio’s market research analysts have predicted that the global drilling data management systems market will grow steadily at a CAGR of around 12% by 2020. This market study identifies the increased focus on asset optimization as one of the major drivers for the growth of this market. Crude oil well operators have recently shifted their focus from maximizing production to enhancing the life of the field and reducing operational costs. The rise in operational costs has forced the global oil and gas producers to focus their attention on the optimization of resources. Benefits such as improvements in drilling accuracy and safety, reduction in the non-productive time, improvements in the real-time decision-making process, and predictive maintenance scheduling have compelled oil well operators to use data capturing and analytics to bring about efficiency in their oil and gas data management systems.
Oil and gas enterprises have identified big data analytics as a way to accelerate decision-making. To enhance pattern recognition and improve the optimization of oil and gas operations, organizations have started using collaborative structured and unstructured data. The introduction of user-friendly predictive modeling tools that accelerates methods for developing, ascertaining, and analyzing predictive models and the similarities that exist between the drilling industry and the big data industry fundamentals will induce more enterprises to use big data analytics in the coming years.
Segmentation by product type and analysis of the drilling data management systems market
During 2015, the services segment dominated the drilling data management systems market and accounted for almost 56% of the total
Global outlook of the generation management systems market
The deregulation of the power market has structurally changed the power sector. Electric deregulation is the process of changing rules and regulations that control the electric industry so plant operators can improve the efficiency of the plants and provide reliable service to their customers. This process has led to intense competition and to stay ahead in the race, utilities are adopting generation management systems that provide solutions for day to day operations. In addition, these systems gather data from different departments in the electric industry to optimize the power generation resources and provide continuous power to their consumers, while keeping the prices of electricity low. Generation management system gathers critical data from all verticals to provide the operators with enough information, which results in the efficient running of the power plant and reduction of maintenance costs. Hence, the electric industries are adopting dedicated generation management systems to focus on plant and system reliability improvements. According to the market research analysts at Technavio, the global generation management systems market is anticipated to witness steady growth and will post a CAGR of more than 3% over the forecast period.
An important trend spurring the growth prospects for this market is the decreasing use of fossil fuel as it is one of the major contributors to emissions. Governments, globally, are compelled to focus on clean fuels like nuclear and renewables that reduce the toxic emissions, significantly. This approach is being supported by the governments with the aid of lucrative policies, incentives, and rebates. Over the years, the share of renewable and alternate sources of energy has risen to a great extent due to the investments flowing from the US, China, and the EU.
Global outlook of the smart solar market
Technavio’s market research analysts have predicted that the global smart solar market will grow steadily during the forecast period and will post an impressive CAGR of more than 15% by 2020. With achieving an end-to-end solution to effectively manage energy being the primary aim of power utilities, the industry has started adopting various smart solar systems, such as smart solar meters for creating a smart grid system. Smart grids are monitoring systems that monitor and control energy production, transmission, and consumption. This will induce several countries across the globe to develop smart grid systems during the forecast period and will be one of the major factors to have a positive impact on the growth of the market.
The growing demand for electricity and the increasing environmental concern will result in the rise in demand for renewable energy sources, and this will subsequently lead to the decline in prices of solar photovoltaic cells. The recent years have witnessed a 40% decrease in the prices and the increasing government subsidies toward the installation of solar energy products such as smart solar lights and solar water heaters, which will further lead to a decline in prices and will subsequently drive the growth of the smart solar market.
Competitive landscape and key vendors
The market is characterized by the presence of well diversified international solar energy companies who have a large portfolio of energy-related equipment and services in smart grid, home energy management systems, digital oil fields, and smart solar. Vendors also provide customized products as per the needs of the customers. The market appears to
Overview of the global refining catalyst market
Market research analysts at Technavio have predicted that the global refining catalyst market will grow steadily at a CAGR of more than 3% by 2020. This market research analysis identifies the upgradation of existing low NCI refineries as one of the primary factors for the growth of this market. Several refineries across the globe have low Nelson Complexity Indices (NCI) which is defined as a measurement of the secondary conversion capacity vs. primary distillation capacity of any refinery. NCI indicates the capability of a refinery to produce higher amounts of the desired refined products. Several refineries do not have secondary distillation processes, and their NCI is low which indicates that the refineries can produce refined products only from the primary distillation process. Refiners have started upgrading their low NCI units by adding secondary distillation processes such as cokers and visbreakers. Moreover, the advent of light tight oil and condensates will induce refiners to set up splitters to enable the separation of the light and heavy distillates. These capacity additions are much economical than constructing new refineries and will drive the demand for refining catalysts in the next four years.
APAC will be the major contributor to the market throughout the predicted period and will account for about 41% of the total revenue shares by 2020. This attributes to a number of new capacity additions and expansions or upgradation of existing refineries. The huge domestic demand for refined petroleum products such as gasoline and diesel from countries registering healthy GDP growth rates such as India and China will augment tot growth of the market in this region.
Competitive landscape and key vendors
The market is
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.