Power

Format: 2016-08-26
Format: 2016-08-26
August 24, 2016 | 63 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


August 16, 2016 | 73 Pages | SKU: IRTNTR10145

Global outlook of the microgrid market

Technavio’s market research analysts have predicted that the global microgrid market will grow steadily at a CAGR of more than 13% by 2020. This industry research report identifies the growing need for better power system compared with traditional grids as one of the major factors that will have a positive impact on the growth of this market in the coming years. The constantly rising energy cost, aging infrastructure, mass electrification, and climatic changes have induced countries around the globe to focus on improving their grid infrastructure. The North American power grid is vulnerable due to the aging grid infrastructure and the power utilities in Asia suffer from low electrification rate where millions of people still lack access to reliable grid electricity. Also, there is a considerable amount of energy loss during transmission and distribution. These drawbacks in conventional electricity production will drive the implementation of microgrids that are a composition of multiple energy generation sources, such as solar, wind, biomass, geothermal, and fossil fuel, and can be used to generate and supply electricity to a local community, university, or a military base.

Microgrid systems are one of the efficient means to provide continuous power and will soon find significant applications in the military sector. The military sector consumes high amounts of energy every year and has started focusing on becoming more self-sufficient. This will induce regular investments in the development of microgrid projects and the deployment of mobile microgrids for military applications in the coming years.

Competitive landscape and key vendors

The market is


August 16, 2016 | 76 Pages | SKU: IRTNTR10138

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


August 16, 2016 | 77 Pages | SKU: IRTNTR10053

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


July 27, 2016 | 89 Pages | SKU: IRTNTR10049

Overview of the global power rental market

Market research analysts at Technavio have predicted that the global power rental market will grow steadily at a CAGR of almost 5% by 2020. The rise in infrastructure development will subsequently increase the demand for electricity and power, which have become one of the necessities in the development of a country. This market research analysis identifies the expanding construction activity in GCC countries as one of the primary growth factors for this market. The recent years have seen an exponential increase in infrastructure spending by the governments of countries in the Middle East. Governments have started focusing on generating more sources of income and depending less on just oil and gas reserves. GCC countries are focusing on making the Middle East a commercial hub and encourage tourism which will lead to the to the growth of the hotel industry. This has resulted in the enormous scope for using rental power in construction and other related areas.

In terms of geography, the Americas will account for more than 41% of the total share of the market by 2020 and will also dominate the generator rental industry throughout the forecast period. Grid failures during natural calamities in the US and frequent power outages in Brazil have induced several industries in the region to depend on rental power, which will drive the constant demand for rental generators during the predicted period.

Competitive landscape and key vendors

Due to the presence of a several prominent vendors who offer generators ranging from 20 kW to 2,000 kW for use in several sectors, the market appears to be fragmented. Vendors in the market offer a broad variety of products and turnkey solutions


July 26, 2016 | 80 Pages | SKU: IRTNTR10187

Overview of the global hybrid power systems market

Market research analysts at Technavio have predicted that the global hybrid power systems market will grow steadily at a CAGR of almost 6% by 2020. The constantly increasing need for electricity and the limited availability of fossil fuel reserves has induced several countries to import vast quantities of crude oil and gas, impacting the growth of their economies. Moreover, the combustion of fossil fuels also leads to greenhouse gas emissions, which will compel these countries to adopt renewable sources such as solar, wind, and bio-fuels for power generation as they can be quickly deployed as decentralized systems. Renewable resources are inherent in nature. This can be overcome by using renewable technologies in a hybrid form where these systems use energy storage systems to store the additional electricity generated for use whenever there is a shortfall in power production. This implementation of hybrid renewable energy systems will propel the market’s growth prospects =in the forecast period.

In terms of geographical regions, APAC will account for more than 38% of the total share of the market by the end of 2020 and will also dominate the market throughout the forecast period. Unreliable grid infrastructures and the presence of several islands drive the need for micro and mini-grids to supply power to both the residential and non-residential sectors. Additionally, the governments of countries such as India and Indonesia are also supporting the adoption of standalone hybrid systems, which will augment the demand for the growth of the next four years. India, China, and other Southeast Asian countries are the major growth contributors for the


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