Power

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


June 30, 2016 | 63 Pages | SKU: IRTNTR9548

Global market outlook of solar diesel hybrid power systems

Technavio’s market research analyst predicts the global solar diesel hybrid power systems market to grow at a CAGR of around 7% by 2020. With the decrease in the prices of solar power, the rate of photovoltaic (PV) adoption has gained high traction leading to a high number of installations over the years. However, the power output from solar PV depends on factors such as efficiency of the panel, solar irradiation, and the degree of shading, which varies according to the time of day and the amount of cloud cover. To overcome the problem of intermittent nature of solar power and have cheaper, cleaner, and reliable renewable power, several off-grid sites in remote areas are integrating solar PV with diesel generators as a power source, where both the systems can complement each other to provide continuous power. This has led to an increase in the integration of renewables with traditional power generation sources.

Solar diesel hybrid power systems are gaining popularity due to their potential of power-saving attributes in industries like mining and for mini-grids. Vendors in the market are focusing on developing hybrid systems equipped with a fuel controller that can regulate the power generation from both the solar and the diesel improving the efficiency of the total system. Since the weather has a huge impact on PV power generation, the manufacturers have developed


June 30, 2016 | 111 Pages | SKU: IRTNTR9564

Overview of the CCS in power generation market

Technavio’s market research analysts have estimated the global CCS (carbon capture and storage) in power generation market to grow profoundly at a CAGR of about 60% by 2020. The over-dependence on fossil fuels and abundant supplies is considered to be one of the primary growth drivers in this market. Technological advancements and booming economies are directly dependent on the availability of energy and ever since commercial uses of oil and natural gas was discovered, the demand for fossil fuels has only increased. The available fossil fuels are expected to meet the energy demands for decades. There will be significant emissions of greenhouse gases, which will, in turn, increase the demand for carbon capture and storage systems.

This industry research report identifies the apprehensions related to EOR (enhanced oil recovery) application as one of the major trends that will gain traction in this market in the coming years. The significance of CO2 in oil and natural gas recovery has been around for decades. The rise in the number of CCS projects has led to the abundant availability of CO2 which can now be injected into the reservoirs to replenish the naturally occurring gas drive. The constantly increasing demand for fossil fuels will subsequently lead to the demand for EOR techniques, which will, in turn, drive the growth of the CO2 sequestration technology market. 

Segmentation by application and analysis of the CCS in power generation market

  • Pre-combustion capture
  • Post-combustion capture
  • Oxy-fuel combustion capture

According to this market study report, the pre-combustion capture segment will dominate the CCS in power generation market during the forecast period and will account for almost 63% of the total market share by 2020. The


June 30, 2016 | 99 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


June 27, 2016 | 70 Pages | SKU: IRTNTR8975

Overview of the global smart grid IT systems market

Technavio’s market research analyst predicts the global smart grid IT systems market to grow at a CAGR of close to 13% by 2020. The growing demand for improved grid reliability, efficiency, control voltage fluctuation, and integration of renewables has pushed the utilities to look out for solutions in managing new assets. Several IT companies are offering specific IT solutions such as SaaS, which will allow utilities to integrate different smart grid systems and manage them from a central location. IT solutions help utilities to save on the maintenance of smart grids and the software upgrading costs. Several financial benefits associated with smart grid IT systems will increase their implementation during the forecast period.

The utilities are modernizing the grid by adopting smart grids that use digital and IT systems to manage the power flow efficiently and effectively. Such modifications will help them to make the grid reliable, protect it against cybersecurity, and increase flexibility to make rapid changes as per supply and demand conditions. The shift towards using digital sensing field devices, and communication and control technologies have propelled utilities towards grid modernization; thereby boosting growth prospects for the smart grid IT systems market.

Segmentation by application and analysis of the smart grid IT systems market

  • EMS
  • DMS
  • OMS
  • Data analytics

The energy management system (EMS) was the largest segment in the smart grid IT systems market in 2015 and accounted for around 31% of the overall market share. The growing adoption of smart grid systems across the globe has increased the grid reliability and minimized losses subsequently. EMS provides clear visibility and control of the transmission and distribution grid, and helps utilities to optimize the


June 10, 2016 | 56 Pages | SKU: IRTNTR9726

Global outlook of the farm management software market

The global market for farm management software is anticipated to exhibit tremendous growth during the forecast period and will be positively affected by the numerous advantages associated with the adoption of precision farming. At present, due to the surge in food demand, the concept of precision farming is being adopted in developed countries to improve crop performance. This preference for precision farming coupled with the use of farm management software will help in the proper utilization of fertilizers during spraying and application. Since this software helps farmers to minimize resource wastage and saves cost and time, it will be used by end users to obtain real-time and updated data regarding soil moisture, evapotranspiration, and electrical conductivity. According to Technavio, the market for farm management software will grow profoundly at a CAGR of almost 17% by 2020.

Another factor spurring growth in this market is the extensive use of virtual fences. Animals graze over large paddocks that are separated by fences to prevent the movement of cattle to other paddocks. Since maintaining and fixing fences is a time-consuming and costly affair, the need for virtual fences that are operated using network programming and remote sensors has increased. Benefits such as the ability of virtual fences control the movement of herds in farmland and protect the crops from being grazed by the animals will result in its augmented demand during the forecast period.

Competitive landscape and key vendors

The global farm management software market is an integral part of the precision farming software market, which includes automation and control systems and sensing and monitoring devices. The market is fragmented owing to the presence of many small and large players who continually compete to gain maximum market shares.

Key


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