Energy

July 20, 2016 | 60 Pages | SKU: IRTNTR9074

Overview of the global smart energy market

Technavio’s market research analyst predicts that the global smart energy market will grow at a stupendous CAGR of almost 15% during the forecast period. One of the primary drivers for this market is the rising investment in smart grid technology. Rising population in different countries has resulted in increased power consumption. Consequently, countries like India, China, UK, and the US have been compelled to tap into renewable sources of energy and are now upgrading to smart grids to meet the rising global demand for power. Smart grids are expected to cut down losses in the transmission and distribution of power and balance the demand and supply of electricity effectively. The net result is that investments in smart grid technology have helped to propel the growth of smart grid IT systems too. The emergence and installation of smart grids has resulted in the growth of innovative power supply technologies, which in turn will have a positive impact on the growth of the smart energy market until the end of 2020.

In this industry report, the analysts estimate factors like distributed energy sources (DERs) to play an important role in the growth of the smart energy market over the next four years. DERs are small energy sources that can be deployed to meet the regular demand for power. There is a marked interest in energy storage systems and as a result, many companies are investing in this technology to back up fleets of solar and wind energy plants. Battery storage is of specific interest as it is a cheap alternative and can be used as a part of the overall distribution system. Increased investments and streamlined DERs will lead to strong market growth over the forecast period.

Segmentation by application and analysis of the smart energy market

  • Smart grid
  • Digital oilfield

July 20, 2016 | 66 Pages | SKU: IRTNTR8307

Market outlook of the grid scale energy storage market

Technavio’s research analyst predicts the global grid scale energy storage market to grow steadily at a CAGR of around 34% during the forecast period. Fossil fuels, the most extensively consumed power source, are exhaustible. The deficit between the demand and the availability of energy is increasingly getting addressed by these storage systems. Given these factors, the market is expected to grow significantly during the forecast period.

Government mandates and concerns over carbon emissions are anticipated to increase the demand for grid-scale energy storage systems. For instance, in 2014, the California state government imposed a mandate that required the state's investor-owned utilities to purchase about 1.3 GW of storage capacity by the year 2020. This gave a massive boost to the energy storage sector. Such mandates are likely to accelerate the development of storage technologies. Globally, the development of next generation batteries drives the demand for grid-scale energy storage.

Segmentation by technology and analysis of the grid scale energy storage market

  • Pumped hydroelectric storage system
  • Thermal storage
  • Battery storage
  • Compressed air energy storage
  • Flywheel storage
  • Molten salt storage

The pumped hydroelectric storage segment dominated the market during 2015 with a market share of around 94%. Technological feasibility, cost competitiveness, and government support have increased the global demand for grid-scale energy storage systems. For instance, in the US, the number of PHS plants is expected to rise during the forecast period with 50 active preliminary permits.

Geographical segmentation and


July 11, 2016 | 60 Pages | SKU: IRTNTR9684

Global outlook of the valve regulated lead-acid batteries market

Market research analysts at Technavio have predicted that the global valve regulated lead-acid batteries market will grow steadily at a CAGR of about 8% by 2020. Forklifts have become the ideal choice for indoor operations in various sectors, such as automotive industries, iron and steel plants, food and beverages, and radioactive waste handling. As a result, the recent years have witnessed an exponential increase in the market share of electric forklifts. Since valve regulated rechargeable batteries offer high resilience even in difficult environmental conditions involving dirt, chemicals, and vibrations, they have become the ideal choice for use in forklifts. This market study report considers this increasing demand for forklifts as one of the major factors that will augment the growth of the valve regulated lead-acid (VRLA) rechargeable battery market.

It has been observed that sudden losses of power, voltage fluctuations, and power surges are the principle causes of damage to sensitive electronics. The exponential increase in the adoption of electronic devices has increased the dependence on a constant power supply to ensure continuity in daily operations. UPS systems enable constant power supply to electronic devices, prevent loss of data and productivity, protect electrical appliances from distorted power failures, and also regulate power fluctuations. The growing number of power outages will lead to an increasing demand for continuous power supply and storage, which will be a major trend that will gain traction in this market. The availability of cost-efficient labor and raw materials have


July 11, 2016 | 60 Pages | SKU: IRTNTR9795

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


July 08, 2016 | 60 Pages | SKU: IRTNTR9765

Global outlook of the wind turbine gear oil market

Technavio’s market research analysts have predicted that the global wind turbine gear oil market will grow steadily during the forecast period and, in terms of volume, will post a CAGR of about 13% by 2020. Countries across the globe are constantly concentrating on introducing measures such as the deployment of a large number of turbines, effectively handling supply-chain challenges, and even encouraging vendor competition to reduce costs in installing and operating off-shore wind turbines. In addition to the developed countries in Europe, major countries like the US, China, Japan, South Korea, and India are also expected to increase the number of off-shore wind turbine installation projects, which will have a positive impact on the growth of the wind turbine gear oil market in the next four years.

Wind turbine manufacturers have started shifting their focus from reactive maintenance to preventive and proactive maintenance. Manufacturers have started installing gear boxes with filters, probes, and sensors to monitor the properties of gear oil and are also equipping turbines with linear variable filter (LVF) based mini spectrometers for remote monitoring. This digitization of the wind turbine gearbox is considered to be one of the major trends that will gain traction in the market during the forecast period. Additionally, recent government initiatives encouraging power generation using renewable sources across all countries in the APAC will also increase the number of wind turbine installations in this region. This market study estimates that APAC will account for almost 46% of the total share of the wind turbine gear oil market by 2020.

Competitive landscape and key vendors

The wind turbine gear oil market is still evolving and


July 07, 2016 | 60 Pages | SKU: IRTNTR9855

The lithium iron phosphate battery (LFP) battery is a kind of rechargeable lithium-ion battery which uses LiFePO as a cathode material. LiFePO batteries have lower energy density than the common LiCoO design available in consumer electronic However, these batteries also offer longer lifetimes, better power density, and are essentially safer. LiFePO4 batteries have several applications in vehicle use and power backup. A123 Systems, BYD, and Electric Vehicle Power System Technology will be some of the prominent vendors in the market.

The report, global lithium iron phosphate battery market, is part of Technavio’s energy research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as energy storage, power, oil and gas, smart grid, and waste and waste management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.


Pages