Outlook of the global primary battery market
The global market for primary battery will grow moderately at a CAGR of over 4% by 2020. The rising demand for portable medical equipment will aid in the growth of this market over the next few years. At present, the demand for portable medical devices is increasing on a daily basis. High-energy pulse coupled with the battery makes a portable device 60% smaller than the usual devices. Pulse power along with batteries deliver long-term power solutions to high-end portable sophisticated devices like portable EKG and defibrillators. This technology accumulates energy and releases it when needed. Since most medical devices have different functionalities, their power requirements also vary considerably. As a result, vendors such as Saft have started offering a broad range of batteries with different outputs.
Another eminent trend that is bolstering the prospects for growth in this market is the replacement of carbon-zinc with alkaline batteries. In the primary battery segment, alkaline batteries occupy a significant share. These batteries find applications in a wide array of consumer products ranging from clocks, electronic door locks, and smoke and carbon monoxide detectors to freezer alarms. Alkaline batteries gained popularity in the 1970s as a high-capacity replacement for carbon-zinc batteries as these batteries last longer and have higher energy output and longer shelf life.
Competitive landscape and key vendors
This market is characterized by the presence of a multitude of vendors that provide high-tech, highly customized primary batteries for different end-user applications. The high adoption rate of primary batteries for applications such as toys and remote controls
Overview of the global oil country tubular goods (OCTG) market
Market research analysts at Technavio predict that the global OCTG market will grow steadily during the next four years and post a CAGR of more than 6% by 2020. With drilling operations depleting the major hydrocarbon-rich regions around the globe, oil and gas industries will soon start displacing their oil drilling operations to unconventional avenues for hydrocarbon exploration. As the established areas such as the Middle East, Gulf of Mexico, and areas around the North Sea have started experiencing a reduction in production rates, energy companies have already started moving their exploration activities to other areas such as the Yamal basin in Russia, the Andaman Sea in the Indian sub-continent, and regions in the Arctic and Antarctic. Drilling operations in relatively new areas will require deeper wells, which will, in turn, create the need for larger pipes both in the drilling and the completion stages of the operations, driving the growth of the OCTG market.
A rise in the number of activities for drilling horizontal and multilateral wells will be one of the major trends that will gain traction in this market. The coming years will witness a rapid demand for directional drilling as it enables drilling into reservoirs where vertical drilling is not feasible. Additionally, directional drilling allows the grouping of wellheads in one surface location, which makes the entire process easier and cost-effective. Moreover, directional drilling can also be used to drill relief wells that can be used to reduce the pressure of the producing well. Since directional drilling will require tubular goods
Global outlook of the ozone generation technology market
Technavio’s market research analysts predict the global ozone generation technology market to grow steadily during the next four years and post a CAGR of about 8% by 2020. This industry research report identifies industrialization to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The growing industrialization across the world has resulted in the increased production of goods and also improved the standards of living, which in turn, led to the increased demand for water. The lack of adequate quantity of clean water to meet the rising demand, will make it necessary to recycle and reuse the available water. This will drive the demand for ozone generators, since they improve the quality of water by disinfecting it and will also make it suitable for domestic and industrial use.
The development of containerized ozone generators, will be one of the major factors that will gain traction in the market during the next four years. The presence of a large number of players in the market will intensify market competition and will lead to the introduction of new technologies such as containerized ozone generators. In addition to eliminating the need for expensive construction or ventilation systems, containerized systems also offer several other advantages such as minimized commissioning and installation time on project sites and modular expansion making it the ideal solution for outdoor installation requirements.
Competitive landscape and key vendors
This global market is currently at its growth stages and will witness the entry of several new players. Well-established ozone generator manufacturers dominate the market in the developed countries in regions such as the Americas and EMEA. Simple technology and the lack of regulatory
Overview of the global lithium ion battery market
Market research analysts at Technavio predict that the global lithium ion battery market will grow steadily during the next four years and post a CAGR of more than 15% by 2020. This market research analysis identifies the change in grid structure as one of the primary growth factors for the rechargeable lithium ion batteries market. The growing awareness towards the reduction of GHG emissions compels utilities and energy companies to generate power using low or no-carbon fuels, which requires them to change the functioning of the grid. Energy storage systems help energy companies in collaborating and transforming the grid to accommodate a number of low-carbon emitting technologies such as renewables and also helps in meeting the peak hour demand and minimizing the economic risk of shortfall or excess power generation. However, these grid additions increase the complexities of grid operation and energy companies will start using energy management systems, which will provide them a great insight of their power network in real time.
In terms of geographical regions, APAC will be the major revenue contributor to the Li-ion battery market throughout the next four years. The increased focus of the governments in this region towards reducing greenhouse gas (GHG) emissions, the rise in number of power outages, and the availability of manufacturers who provide lithium iron phosphate batteries at comparatively lower prices, are major factors
Overview of the global industrial biomass boiler market
Market research analysts at Technavio predict that the global industrial biomass boiler market will grow steadily during the next four years and post a CAGR of more than 7% by 2020. This market research analysis identifies the development of biomass co-firing boilers for decarburization as one of the primary growth factors for this market. The increasing focus of governments across the globe to reduce the dependency on fossil fuel and related emissions, has compelled utilities and the manufacturing industries to replace fossil fuel with alternate fuels. This led to the development of boilers that use renewable fuels such as biomass. In addition to reducing CO2 emissions, the adoption of these biomass boilers also helps in waste management as the waste that is normally dumped in landfills is used as fuel. Vendors will start manufacturing boilers with co-firing capabilities where both coal and a wide range of renewable fuels can be used for power generation.
The rise in use of biomass district heating will be one of the major trends that will gain traction in this market during the next four years. This will be mainly used in areas where the building density is high and a single boiler can generate heat that is transferred through a heat network to cater to several buildings. When compared to individual heaters, district heating centers are more convenient as they can use alternate fuel to provide heat when there is a shortage of biomass supply.
Competitive landscape and key vendors
The market is characterized by the presence of well-established vendors and is mainly dominated by domestic or local vendors in several regions, which leads to fierce competition among market players. Well-established vendors have high capital resources and are
Global outlook of the property insurance in oil and gas market
Technavio’s market research analysts predict the global property insurance in oil and gas market to grow steadily during the forecast period and post a CAGR of more than 3% by 2020. This industry research report identifies the need for hedging expensive oil and gas assets to be one of the major factors that will have a positive impact on the growth of the industrial property insurance market in the coming years. Due to the highly specialized nature of operations in the oil and gas industry, the machinery associated is extremely expensive. Since these expensive machineries are used in highly hazardous operations, oil and gas companies find it imperative to buy insurance policies that cover losses. Moreover, the cost of cleanup and debris removal is also high, which will again compel companies to develop risk management strategies and take up property risk insurance covers.
One of the major trends that will gain traction in this market is the emergence of engineering services. Oil and gas operations involve high temperatures, flammable liquids, high-pressure gases, and several other extreme conditions, which create a high probability for fire accidents or explosions. Realizing the value of engineering services in ensuring the success of the overall risk management process, insurance providers have started developing teams of engineers and technically experienced professionals to help them make better-informed underwriting decisions. Since the insurance premium mainly depends on the risks associated with the facilities, oil and gas companies will start focusing on developing and adopting advanced engineering services.
Competitive landscape and key vendors
The market is characterized by the presence of
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.