#Europe Gas Generator Market Growth

[prenasper]

Europe Gas Generator Market Growth, Trends, Demand, Industry Share, Challenges, Future Opportunities and Competitive Analysis 2033: SPER Market Research

The Europe Gas Generator Market encompasses the production, distribution, and utilization of gas-powered generators across European countries. With increasing concerns about energy security, environmental sustainability, and power reliability, the demand for gas generators is rising. Key drivers include the transition to cleaner energy sources, infrastructure development, and backup power requirements. Additionally, advancements in gas generator technology, such as improved efficiency and reduced emissions, contribute to market growth. Key players focus on innovation, product differentiation, and service quality to meet the diverse needs of customers and capitalize on market opportunities in Europe.

[zvaigzdelasas]

The global market for carbon offsets is worth about $2 billion today and projected to grow to as much as $1 trillion in 15 years even as it faces fundamental questions about credibility and effectiveness. Add government appropriation to the list of risks for this climate solution. A shock announcement this week that Zimbabwe will take half of all revenues generated from offsets projects developed on its territory is a harbinger of an uncertain future in the carbon trade. The African nation is the world’s 12th largest creator of offsets, with 4.2 million credits from 30 registered projects last year, according to BloombergNEF.

Zimbabwe’s move gives the government control of carbon credit production and cancels all past agreements with international organizations. That means more revenue generated from credits tied to protecting forests and other efforts to cut emissions will flow into national coffers rather than going to project developers. There’s now risk that other countries might follow suit, creating new uncertainties for businesses that develop and sell offsets, corporations that purchase offsets as a way to counterbalance their greenhouse gas pollution and the cohort of traders who invest in this emerging asset class. [...]

The move “blindsided” CO2balance, a company that runs five carbon offset projects in Zimbabwe. “Everyone knew changes were happening but we weren’t expecting this — it wasn’t on the horizon,” said Paul Chiplen, head of sales, in an interview on Thursday. “It does put a question mark in investors’ minds when you’re not quite sure of what level of return you’re getting.” [...]

“I think it is an entirely understandable thing for Zimbabwe to want to take a proportion of the funds from any exports of carbon from its territory,” said Edward Hanrahan, director at carbon project developer Climate Impact Partners. “But the issue is they acted rapidly and without prior notice.”[...]

Each credit represents one ton of carbon dioxide and can be bought and sold many times before being used. The unregulated structure of the market involving companies, traders and governments creates risk of double counting. What if a government seeks to benefit by trading a credit produced in its territory after its been sold to an investor or used in a corporate sustainability plan?[...]

Treating carbon credits as just another export commodity underscores an imbalance at the heart of this global trade: Efforts to develop credits are usually funded by firms from wealthy countries and sold to corporate buyers in Europe and the US, yet most of the projects are located in emerging economies. This setup has been derided as a form of carbon colonialism that strips developing countries of an increasingly valuable resource. “Rushing to frame the decision by Zimbabwe as ‘nationalization risk’ exposes a sense of entitlement to access those resources by the global North,” said Rich Gilmore, chief executive officer at investment manager Carbon Growth Partners in Melbourne. “We need to acknowledge that the past 200 years of resource extraction have miserably failed people and the planet. And if we want the carbon market to scale, we need to respect the right of the nations of the south to determine their own rules.”[...]

Developers and investors might start to prioritize countries where governments have been transparent about their future carbon policies. Plus, if governments follow Zimbabwe in taking half of the project revenues, that will create a barrier to carbon projects that are the most costly to implement.[...]

It’s “entirely appropriate” for countries to seek a larger share from their carbon resources but they must “carefully consider the economics,” said Martijn Wilder, chief executive officer of Pollination, a climate advisory and investment firm. “If what’s left for a project developer is not sufficient to cover an investible rate of return, the project simply won’t happen.”

21 May 23

[rjzimmerman]

Excerpt from this story from Canary Media:

Octopus Energy has surged to the top of the U.K. electricity market with its plucky brand of clean, flexible, customer-centric energy. Now it’s loading up on new investment to make a broader push into North America.

The sprawling clean energy startup pulled in two new investments in recent weeks. On May 7, it announced a re-up from existing investors, including Al Gore’s Generation Investment Management and the Canada Pension Plan. Last week, it added a new round from the $1 billion Innovation and Expansion Fund at Tom Steyer’s Galvanize Climate Solutions. The parties did not disclose the size of the new infusions but said that they lift Octopus’ private valuation to $9 billion. Previously, Octopus raised an $800 million round in December, putting its valuation at $7.8 billion. Thus, eight-year-old Octopus enters the summer of 2024 as one of the most valuable privately held startups in the world, but one whose impact is felt far more in Europe than in the U.S. The new influx of cash will help fund expansion in North America, both by growing its retail foothold in Texas and by ramping up sales of the company’s marquee Kraken software to other utilities. The company has its work cut out if it wants to reproduce its U.K. market dominance across the pond.

“It is a Cambrian explosion of exciting growth in almost every direction,” Octopus Energy U.S. CEO Michael Lee told Canary Media last week.

In the U.K., Octopus has gobbled its way up the leaderboard of electricity retailers, consuming competitors large and small until it reached the No. 1 slot this year. It supplies British customers in part with clean power from a multibillion-dollar portfolio of renewables plants that it owns. The company lowers costs to customers by using smart devices or behavioral nudges to shift their usage to times when the renewables are producing the most cheap electricity. Octopus also began making its own heat pumps, to help households break out of dependence on fossil gas at a volatile time.

In the U.S., land of free markets and capitalist competition, market design largely blocks Octopus from rolling out its innovations, and instead protects the monopoly power of century-old incumbent utilities. There is no national electricity market to take over, but a state-by-state hodgepodge of fiefdoms that obey differing rules. So Octopus made its first stand in Texas, whose competitive power market most closely resembles the U.K.’s system. It now sources power for tens of thousands of retail customers in the state.

“It is absolutely clear to me that the energy transition is happening first in Texas,” Lee said. ​“This is a fantastic market to be in if you know how to work with customers and help them be a central focus in providing that energy transition to the grid.”

Such an assertion might have elicited derisive snorts from Californians or New Yorkers a few years ago, but facts on the ground now support Lee’s thesis.

[dagwolf]

EVERYONE RECALLS THE SHORTAGES of toilet paper and pasta, but the early period of the pandemic was also a time of gluts. With restaurants and school cafeterias shuttered, farmers in Florida destroyed millions of pounds of tomatoes, cabbages, and green beans. After meatpacking plants began closing, farmers in Minnesota and Iowa euthanized hundreds of thousands of hogs to avoid overcrowding. Across the country, from Ohio to California, dairies poured out millions of gallons of milk and poultry farms smashed millions of eggs.

The supply chain disruptions continue. Last year, there was a rice glut, and big box stores like Walmart and Target complained of bloated inventories. There was a natural gas glut in both Europe and in India, as well as a surfeit of semiconductor chips in the tech sector. Florida cabbages, microchips, and Asian rice may not seem like they have much in common, but each of these stories represents a fundamental if disavowed aspect of capitalism: a crisis of overproduction.

All economic systems have problems of scarcity, but only capitalism also has problems of abundance. The reason is simple: the pursuit of profit above all else leads capitalism to produce too much of things that are profitable but socially destructive (oil, private health insurance, Facebook) and not enough of things that are socially beneficial but not privately profitable (low-income housing, public schools, the ecosystem of the Amazon rainforest). For over a century, from the Industrial Revolution through the Great Depression, crises of overproduction were the target of criticism from across the political spectrum—from aristocratic conservatives like Edmund Burke who feared the anarchy of markets was corroding the social order to socialist radicals like Eugene Debs who thought it generated exploitation and poverty.

But the idea of capitalism’s inherent predilection for overproduction has almost completely disappeared from economic discourse today. It seldom appears in the popular press, including in stories about producers destroying surpluses, a problem that is instead explained away by pointing to freak accidents, contingencies, and unforeseen dislocations. To be sure, many gluts of the past few years have been the result of the pandemic and the war in Ukraine. But overproduction preceded 2020 and shows no signs of going away. Revisiting historical arguments about the problem can help us better understand the interlocking crises of supply chain disruption, deliquescent financial markets, and climate change. The history of overproduction and its discontents offers a set of tools and ideas with which to consider whether “market failures” like externalities and inventory surpluses really are exceptions or are intrinsic to commercial society, whether markets ever actually do equilibrate, and whether the drive for growth is possible without continual excess and waste.

[beardedmrbean]

ESSEN, Germany (AP) — For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports.

Jobs were plentiful, the government's financial coffers grew as other European countries drowned in debt, and books were written about what other countries could learn from Germany.

No longer. Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year.

It follows Russia's invasion of Ukraine and the loss of Moscow's cheap natural gas — an unprecedented shock to Germany’s energy-intensive industries, long the manufacturing powerhouse of Europe.

The sudden underperformance by Europe's largest economy has set off a wave of criticism, handwringing and debate about the way forward.

Germany risks “deindustrialization” as high energy costs and government inaction on other chronic problems threaten to send new factories and high-paying jobs elsewhere, said Christian Kullmann, CEO of major German chemical company Evonik Industries AG.

From his 21st-floor office in the west German town of Essen, Kullmann points out the symbols of earlier success across the historic Ruhr Valley industrial region: smokestacks from metal plants, giant heaps of waste from now-shuttered coal mines, a massive BP oil refinery and Evonik's sprawling chemical production facility.

These days, the former mining region, where coal dust once blackened hanging laundry, is a symbol of the energy transition, dotted with wind turbines and green space.

The loss of cheap Russian natural gas needed to power factories “painfully damaged the business model of the German economy,” Kullmann told The Associated Press. “We’re in a situation where we’re being strongly affected — damaged — by external factors.”

After Russia cut off most of its gas to the European Union, spurring an energy crisis in the 27-nation bloc that had sourced 40% of the fuel from Moscow, the German government asked Evonik to keep its 1960s coal-fired power plant running a few months longer.

The company is shifting away from the plant — whose 40-story smokestack fuels production of plastics and other goods — to two gas-fired generators that can later run on hydrogen amid plans to become carbon neutral by 2030.

One hotly debated solution: a government-funded cap on industrial electricity prices to get the economy through the renewable energy transition.

The proposal from Vice Chancellor Robert Habeck of the Greens Party has faced resistance from Chancellor Olaf Scholz, a Social Democrat, and pro-business coalition partner the Free Democrats. Environmentalists say it would only prolong reliance on fossil fuels.

Kullmann is for it: “It was mistaken political decisions that primarily developed and influenced these high energy costs. And it can’t now be that German industry, German workers should be stuck with the bill.”

The price of gas is roughly double what it was in 2021, hurting companies that need it to keep glass or metal red-hot and molten 24 hours a day to make glass, paper and metal coatings used in buildings and cars.

A second blow came as key trade partner China experiences a slowdown after several decades of strong economic growth.

These outside shocks have exposed cracks in Germany's foundation that were ignored during years of success, including lagging use of digital technology in government and business and a lengthy process to get badly needed renewable energy projects approved.

Other dawning realizations: The money that the government readily had on hand came in part because of delays in investing in roads, the rail network and high-speed internet in rural areas. A 2011 decision to shut down Germany's remaining nuclear power plants has been questioned amid worries about electricity prices and shortages. Companies face a severe shortage of skilled labor, with job openings hitting a record of just under 2 million.

And relying on Russia to reliably supply gas through the Nord Stream pipelines under the Baltic Sea — built under former Chancellor Angela Merkel and since shut off and damaged amid the war — was belatedly conceded by the government to have been a mistake.

Now, clean energy projects are slowed by extensive bureaucracy and not-in-my-backyard resistance. Spacing limits from homes keep annual construction of wind turbines in single digits in the southern Bavarian region.

A 10 billion-euro ($10.68 billion) electrical line bringing wind power from the breezier north to industry in the south has faced costly delays from political resistance to unsightly above-ground towers. Burying the line means completion in 2028 instead of 2022.

Massive clean energy subsidies that the Biden administration is offering to companies investing in the U.S. have evoked envy and alarm that Germany is being left behind.

“We’re seeing a worldwide competition by national governments for the most attractive future technologies — attractive meaning the most profitable, the ones that strengthen growth,” Kullmann said.

He cited Evonik’s decision to build a $220 million production facility for lipids — key ingredients in COVID-19 vaccines — in Lafayette, Indiana. Rapid approvals and up to $150 million in U.S. subsidies made a difference after German officials evinced little interest, he said.

“I'd like to see a little more of that pragmatism ... in Brussels and Berlin,” Kullmann said.

In the meantime, energy-intensive companies are looking to cope with the price shock.

Drewsen Spezialpapiere, which makes passport and stamp paper as well as paper straws that don't de-fizz soft drinks, bought three wind turbines near its mill in northern Germany to cover about a quarter of its external electricity demand as it moves away from natural gas.

Specialty glass company Schott AG, which makes products ranging from stovetops to vaccine bottles to the 39-meter (128-foot) mirror for the Extremely Large Telescope astronomical observatory in Chile, has experimented with substituting emissions-free hydrogen for gas at the plant where it produces glass in tanks as hot as 1,700 degrees Celsius.

It worked — but only on a small scale, with hydrogen supplied by truck. Mass quantities of hydrogen produced with renewable electricity and delivered by pipeline would be needed and don't exist yet.

Scholz has called for the energy transition to take on the “Germany tempo,” the same urgency used to set up four floating natural gas terminals in months to replace lost Russian gas. The liquefied natural gas that comes to the terminals by ship from the U.S., Qatar and elsewhere is much more expensive than Russian pipeline supplies, but the effort showed what Germany can do when it has to.

However, squabbling among the coalition government over the energy price cap and a law barring new gas furnaces has exasperated business leaders.

Evonik's Kullmann dismissed a recent package of government proposals, including tax breaks for investment and a law aimed at reducing bureaucracy, as “a Band-Aid.”

Germany grew complacent during a “golden decade” of economic growth in 2010-2020 based on reforms under Chancellor Gerhard Schroeder in 2003-2005 that lowered labor costs and increased competitiveness, says Holger Schmieding, chief economist at Berenberg bank.

“The perception of Germany's underlying strength may also have contributed to the misguided decisions to exit nuclear energy, ban fracking for natural gas and bet on ample natural gas supplies from Russia,” he said. “Germany is paying the price for its energy policies.”

Schmieding, who once dubbed Germany “the sick man of Europe” in an influential 1998 analysis, thinks that label would be overdone today, considering its low unemployment and strong government finances. That gives Germany room to act — but also lowers the pressure to make changes.

The most important immediate step, Schmieding said, would be to end uncertainty over energy prices, through a price cap to help not just large companies, but smaller ones as well.

Whatever policies are chosen, “it would already be a great help if the government could agree on them fast so that companies know what they are up to and can plan accordingly instead of delaying investment decisions," he said.

[mrudula01]

Sustainable Power Generation Drives Floating Power Plant Market

Triton Market Research presents the Global Floating Power Plant Market report segmented by capacity (0 MW- 5 MW, 5.1 MW- 20 MW, 20 MW – 100 MW, 100.1 MW – 250 MW, above 250 MW), and source (non-renewable power source, renewable power source), and Regional Outlook (Latin America, Middle East and Africa, North America, Asia-Pacific, Europe).

The report further includes the Market Summary, Industry Outlook, Impact Analysis, Porter's Five Forces Analysis, Market Maturity Analysis, Industry Components, Regulatory Framework, Key Market Strategies, Drivers, Challenges, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2028).

Triton's report suggests that the global market for floating power plant is set to advance with a CAGR of 10.74% during the forecast period from 2023 to 2028.

Request Free Sample Report:

Floating power plants are innovative power generation units on floating platforms on water bodies. They serve as primary or backup power sources for specified facilities, utilizing renewable energy sources (solar, wind, etc.) and non-renewable (diesel, natural gas, etc.). These plants offer the advantage of mobility, making them ideal for temporary power generation to tackle local energy shortages.

The increasing popularity of offshore wind projects is due to several market factors, such as the growing demand for clean and sustainable energy sources and advances in offshore wind technology. Also, supportive government policies and the urgent need to combat climate change by reducing carbon emissions further elevate the demand for floating power plants.

Furthermore, the popularity of floating power plants based on IC offers opportunities to the floating power plant market. These innovative power generation systems offer flexibility, scalability, and rapid deployment, catering to remote areas and serving as backup solutions in grid instability situations.

However, challenges like technical complexities, high costs associated with logistics and accessibility, and a shortage of skilled workers for solar panel installation limit the floating power plant market's expansion.

Over the forecast period, the Asia-Pacific region is expected to register the fastest growth. A growing population and increasing industrialization fuel growth prospects. The region is home to a rapidly growing population, which in turn drives the need for expanded power generation capacity. Furthermore, Asia-Pacific is experiencing significant economic growth, with many countries emerging as major global players. This economic expansion is accompanied by a surge in industrial activities and the establishment of new manufacturing units, creating a heightened demand for electricity to support these sectors. Floating power plants present a viable solution to meet this demand, especially in areas with limited land availability.

Floating Power Plant AS, Upsolar Group Co Ltd, SeaTwirl AB, Caterpillar Inc, Mitsubishi Corporation, Wartsila Corporation, Siemens AG, MAN Energy Solutions SE, Kyocera Corporation, and Vikram Solar Limited are prominent companies in the floating power plant market.

Due to its complexity, the floating power plant market poses a moderate threat of new entrants. Capital-intensive development and deployment, along with the need for specialized expertise, act as barriers. Additionally, a skilled workforce in offshore engineering and renewable energy is crucial. Nevertheless, government policies supporting renewable energy adoption, such as feed-in tariffs, subsidies, and favorable regulations, are vital in attracting new players by mitigating financial risks and offering long-term incentives.

Contact Us:

sales@tritonmarketresearch.com

Phone: +44 7441 911839

Website: https://www.tritonmarketresearch.com/

[strangemusictriumph]

Induction Motor Market - Forecast(2022 - 2027)

Induction Motor Market Size is forecast to reach $54.2 billion by 2026, at a CAGR of 6.5% during 2021-2026. An induction motor is an AC electric motor in which torque is produced by the reaction between a varying magnetic field generated in the stator and the current induced in the coils of the rotor. It is used in a majority of machinery, as it is more powerful and eco-friendly compared to the conventional motors in the market. North America has significant share in global induction motor market due to a developed usage of an induction motor in the significant industrial manufacturing, aerospace & defense, and automotive companies. In addition to the growing preference for electric vehicles in the U.S. is also stimulating the growth in North America.

Report Coverage

The report: “Induction Motor Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Induction Motor market

By Rotor Type: Inner Rotor, Outer Rotor

By Type: Single Phase, Three Phase

By Efficiency Class: IE1, IE2, IE3, IE4

By Voltage: Upto 1KV, 1-6.6 KV, Above 6.6KV

By Vertical: Industrial, Commercial, Residential, Agriculture, Automotive and Others

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Induction Motor market in APAC.

The inner rotor segment is growing at a significant CAGR rate of 7.1% in the forecast period. In inner rotor type motors, rotors are positioned at the centre and surrounded by stator winding. 

Automotive sector is expected to witness a highest CAGR of 8.9% the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favourable government policies in countries such as India, China and so on. 

Induction Motor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers. 

Induction Motor Market Segment Analysis - By Rotor Type

Three Phase segment is growing at a significant CAGR of 11.1%

 in the forecast period. A three phase induction motor is a type of AC induction motors which operates on three phase supply. These three phase induction motors are widely used AC motor to produce mechanical power in industrial applications. Almost 70% of the machinery in industrial applications uses three-phase induction motors, as they are cost-effective, robust, maintenance-free, and can operate in any environmental condition. Moreover, induction motors are the most used in industry since they are rugged, inexpensive, and are maintenance free. In addition they are widely used in the mining metals and cement, automotive, oil and gas, healthcare, manufacturing industries and so on. Increase awareness of environmental protection across industries also contributes to the growth of three phase induction motors, as they have a low emission rate. Moreover, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the three phase induction motor in industrial application. Furthermore, the advent of Industry 4.0 and technological advancements enables a wide adoption base for the three phase induction motors. In 2019, Oriental Motor USA introduced their latest high efficiency three-phase AC induction motors equipped with a terminal box and a high strength right-angle hypoid gearhead, these new three-phase motors have the capacity of two new wattages of 30W and 40W and expands the KIIS Series Standard AC motors product line-up. 

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Induction Motor Market Segment Analysis - By Vertical 

Automotive sector is expected to witness a highest CAGR of 8.9% in the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favorable government policies in countries such as India, China and so on. In addition, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the induction motor in industrial application. Furthermore, the advent of Industry 4.0 enables a wide adoption base for the induction motors. Moreover, growing number of product launches by major manufacturers will drive the market growth in the forecast period. In September 2019, Motor and drive manufacturer WEG released the M Mining series of slip-ring induction motors which are designed especially for use in the dusty environments of iron ore operations and the cement sector. In July 2019, Ward Leonard launched 2000 HP induction motor WL29BC200 which is designed tote into a package of 15000 HP for the oil and gas industry. In September 2019, Tata Motors launched Tigor EV for private buyers as well as cab aggregators and EESL staff. he Tata Tigor electric uses a 72 V, 3-Phase Induction motor

Induction Motor Market Segment Analysis - By Geography 

Induction Motor market in Asia-Pacific region held significant market share of 38.5% in 2020. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth.  The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Induction Motor market. In addition advancements in the agriculture sector and enormous investments in industrialization in countries such as China, India, South Korea, and Australia is driving the market growth. Further, the increasing production and sales of electric vehicles in countries including China and Japan is also analyzed to drive the market growth. 

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Induction Motor Market Drivers 

Robust Structure of Motor

The rough physical structure of the motor is predicted to be a major driving factor for the growth of the induction motor market. Induction motor are robust in nature and can be operated in any climatic conditions. Moreover, the absence of slip rings and brushes in the motor induction eliminates the chances of sparks, which makes the operation safe even in the most explosive working conditions. In addition, induction motor is cost effective, highly reliable and the maintenance is very less, which is expected to propel the growth of the induction motor market in the forecast period 2021-2026.

Rise in Production of Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favourable government policies and support in terms of subsidies and grants, tax rebates. As induction motors especially three phase are widely used in electric vehicles because of high efficiency, good speed regulation and absence of commutators is analysed to drive the market growth. In addition these motor also serves as an alternative of a permanent magnet in the electric vehicles. Hence rise in production of electric vehicles is analysed to drive the market. In 2019, Ford has invested $1.45 billion in Detroit plants in U.S., to make electric, autonomous and sports utility vehicles, which is mainly aimed to increase the production of the vehicles thereby impacting on the high procurement of the induction motors.  In 2019, Toyota announced plans to invest $749M in expanding the U.S. manufacturing facilities to increase the production of the electric and hybrid vehicles. In 2020, General Motors had committed boost its electric vehicle production by investing more than $7 billion. Moreover governments of several countries have been investing heavily for the development of electric vehicles. In 2019 German government has committed to invest more than $3 billion to expand electric car market growth in the region. Hence these investments and developments are analysed to be the key drivers for the growth of the electric vehicle market and thereby the growth of induction motor market during the forecast period 2021-2026.

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Induction Motor Market Challenges

Easy availability of low-quality Induction Motors

The market for Induction Motors is highly fragmented, with a significant number of domestic and international manufacturers. Product quality is a primary parameter for differentiation in this market. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of Induction Motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from such unorganized players supplying inexpensive and low-quality Induction Motors. This acts as a key challenge for the growth of the market.

Induction Motor Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Induction Motor market. Induction Motor top 10 companies include ABB Ltd. AMETEK, Inc., Johnson Electric Holdings Limited, Siemens AG, Rockwell Automation, Toshiba Corp., Hitachi Ltd., Nidec Corporation, ARC Systems Inc., among others.

Acquisitions/Product Launches

In 2021 BorgWarner launched HVH 320 Induction Motors in four variants. They are offered to light-duty passenger cars and heavy-duty commercial vehicles.

In 2020, ABB has launched new range of low voltage IEC induction motors, which are compactly designed and reduces the overall size of the equipment by minimizing space and total cost of ownership.

For more Electronics related reports, please click here

[dh5ryxhgbctgr]

Industrial Frequency Ups Market Performance and Future Development Analysis 2024 - 2031

The industrial frequency UPS market was valued at approximately $10.6 billion in 2023. It is projected to increase to $11.44 billion in 2024 and reach $21.1 billion by 2032. This growth reflects a compound annual growth rate (CAGR) of around 7.96% during the forecast period from 2024 to 2032. With the rising demand for uninterrupted power supply solutions, the industrial frequency UPS market is poised for significant growth in the coming years.

The industrial frequency uninterruptible power supply (UPS) market has gained significant traction over the past few years. As industries increasingly rely on uninterrupted power for critical operations, understanding the dynamics of this market is essential for stakeholders.

Overview of the Industrial Frequency UPS Market

What is an Industrial Frequency UPS?

Industrial frequency UPS systems are designed to provide reliable power backup and ensure continuous operation in industrial environments. They protect sensitive equipment from power fluctuations, outages, and surges, thereby minimizing downtime and enhancing operational efficiency.

Market Size and Growth

The industrial frequency UPS market has shown steady growth, driven by increasing demand across various sectors, including manufacturing, oil and gas, telecommunications, and data centers. As of 2023, the global market is valued at approximately $X billion and is projected to grow at a CAGR of Y% over the next five years.

Key Drivers of Market Growth

1. Increasing Dependency on Industrial Automation

As industries adopt automation technologies, the need for reliable power sources becomes critical. Any power interruption can lead to significant losses in productivity and revenue. Thus, the demand for industrial frequency UPS systems is on the rise.

2. Rising Adoption of Renewable Energy

The integration of renewable energy sources in industrial settings often results in power instability. Industrial frequency UPS systems provide a buffer, ensuring that operations remain unaffected by fluctuations in power supply from renewable sources.

3. Growth of Data Centers

The surge in data generation and the corresponding need for data storage has led to an increase in the number of data centers. These facilities require robust UPS systems to ensure continuous power supply and prevent data loss.

Key Market Challenges

1. High Initial Costs

One of the primary challenges in the industrial frequency UPS market is the high upfront investment required for these systems. Many small and medium enterprises (SMEs) may find it difficult to allocate budget for such capital expenditures.

2. Technical Complexity

The design and installation of industrial frequency UPS systems can be technically complex. This may require specialized knowledge and skills, which can be a barrier for some businesses looking to adopt these systems.

Market Segmentation

1. By Technology

The industrial frequency UPS market can be segmented based on technology into:

Offline/Standby UPS: Ideal for smaller applications where the load is not critical.

Line-Interactive UPS: Provides voltage regulation and is suitable for environments with frequent power fluctuations.

Online UPS: Offers the highest level of protection, ideal for critical applications where continuous power is essential.

2. By End-User Industry

The market can also be categorized based on end-user industries, including:

Manufacturing

Telecommunications

Healthcare

Data Centers

Oil and Gas

Regional Insights

North America

North America holds a significant share of the industrial frequency UPS market, driven by advanced manufacturing sectors and high investment in data centers.

Asia-Pacific

The Asia-Pacific region is witnessing rapid growth due to increasing industrialization and infrastructure development. Countries like China and India are emerging as key markets.

Europe

Europe is also seeing a rise in demand for industrial frequency UPS systems, particularly in the renewable energy sector and healthcare industries.

Future Outlook

The future of the industrial frequency UPS market looks promising, with several trends expected to shape its development:

1. Technological Advancements

Innovations in battery technology, such as lithium-ion batteries, are set to improve the efficiency and lifespan of UPS systems, making them more attractive to businesses.

2. Growth in Smart Grid Technologies

The rise of smart grid technologies will create new opportunities for industrial frequency UPS systems, as industries seek integrated solutions for power management.

3. Sustainability Focus

With growing emphasis on sustainability, industries are increasingly looking for energy-efficient UPS systems that reduce carbon footprints and operational costs.

Conclusion

The industrial frequency UPS market is poised for growth in the coming years, driven by increasing reliance on uninterrupted power supply across various industries. While challenges such as high costs and technical complexities exist, ongoing technological advancements and a focus on sustainability present opportunities for market expansion. Stakeholders should keep a close eye on emerging trends and adapt their strategies accordingly to thrive in this evolving landscape.

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Carbon Capture & Storage (CCS) Market - Forecast(2024–2030)

Carbon Capture and Storage (CCS) market size is forecast to reach US$25.3 billion by 2026, after growing at a CAGR of 29.1% during 2021–2026. The emerging demand for carbon dioxide injection technologies for Enhanced Oil Recovery (EOR) and stringent government standards for greenhouse gas emissions are the key factors driving the market growth. Carbon Capture and Storage or Carbon Capture and Sequestration (CCS) is a technology to combat climate change in which Carbon dioxide (CO2) is captured and then transported where it is stored permanently across depleted hydrocarbon fields and deep saline aquifer formations. The goal of carbon capture and storage is to keep CO2 emissions out of the atmosphere as increased levels of CO2 is the main culprit behind the Greenhouse effect and global warming which has a detrimental effect not only on the environment and also on the economy as a whole. Carbon capture and storage aims at reducing the human carbon footprint. CO2 is mainly produced by the combustion of fossil fuels and is also a major by-product of many industries. Hence, it is vital to get rid of it in a responsible manner as it is a greenhouse gas. According to a report by the International Energy Agency (IEA), CCS could contribute to a 19% reduction in global CO2 emissions by 2050. In the Paris Climate Agreement, world governments agreed to keep emissions well below 2?C and to pursue efforts to keep it below 1.5?C. The Intergovernmental Panel on Climate Change (IPCC) concluded that global emissions need to reach net zero by 2050 to limit warming to 1.5?C. To achieve the Paris Agreement objective countries are trying to reach net zero. This goal to reach net zero greenhouse gas emissions is one of the major contributing factors to the growth of the Carbon Capture and Storage market. Clean technologies and increasing power consumption also play a significant role in driving the carbon capture and storage industry during the forecast period.

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COVID-19 Impact

Carbon Capture and Storage (CCS) Market Report Coverage

The report: “Carbon Capture and Storage (CCS) Market — Forecast (2021–2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Carbon Capture and Storage Market.

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By Capture Technology: Post Combustion Capture, Pre-Combustion Capture, Oxyfuel Combustion and Industrial Separation By Storage Technology: Geological Storage, Deep Ocean Storage, and Enhanced Oil Recovery (EOR) By End-Use Industry: Power Generation, Iron and Steel, Oil and Gas, Chemicals, Cement and Concrete, Biofuels, Fertilizers, Textiles, Food and Beverages, Paper and Pulp, and Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

Key Takeaways

North America dominates the CCS market, with USA having the lion’s share of operational or under construction schemes of CCS plants.

The International Energy Agency (IEA) estimates that we need a carbon capture and storage industry capable of capturing 7,000 million tons of carbon dioxide per year and storing it underground by 2050. So, the future of the global CCS industry looks promising.

There has been an increase in Global warming and CO2 emissions post lockdowns. This is leading to an increase in demand to curb emissions, which is increasing the demand for carbon capture and consecutively driving the market growth.

The major opportunity for this market is growing climate change awareness and development of clean and green mitigation technologies. Furthermore, it is also an opportunity for this market to develop advanced technology for safe and long-term storage of CO2.

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Figure: Carbon Capture and Storage (CCS) Market Revenue Share, By Capture Technology, 2020 (%)

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Carbon Capture and Storage (CCS) Market Segment Analysis — By Capture Technology

Pre-combustion, post-combustion, oxy-fuel combustion, and industrial separation are some of the widely used capture technologies. The post-combustion capture segment held the largest share of 55.6% in the CCS market in 2020. In post combustion capture CO2 is removed after combustion of fossil fuels in power plants. CO2 is captured from flue gases at power stations or other point sources. The technology is currently used in other industrial applications as well. Post combustion capture is most popular in research because PCC can be typically built into existing industrial plants and power stations (retro-fitting) without significant modifications to the original plant. Post Combustion Capture offers high operational flexibility (partial retrofit, zero to full capture operation) and it can match market conditions for both existing and new power stations. Renewable technologies can be integrated in this process, in particular, Post Combustion Capture allows the use of low-cost solar thermal collectors to provide the necessary heat to separate CO2 from sorbents, effectively reducing the loss of electrical output caused by capture.

Oxy-fuel combustion is the fastest growing capture technology in the Carbon Capture and Storage market in 2020 and is growing at a CAGR of 41.0% during 2021–2026. Oxy-fuel combustion is the process of combusting hydrocarbon fuel in the presence of high purity oxygen. Generally, oxy-fuel combustion recycles flue gas to achieve a lower flame temperature, which makes it a highly efficient energy-saving combustion technology. Due to the large quantity of high purity oxygen required for this process, cryogenic air separation is currently the technology of choice for oxygen production. As demand for highly efficient and effective capture technologies increases, Post-combustion Capture and Oxy-fuel Combustion are expected to dominate the market during the forecast period.

Carbon Capture and Storage (CCS) Market Segment Analysis — By Storage Technology

The last and the most critical step in CCS is permanent storage of CO2. Geological Storage, Deep Ocean Storage and Enhanced Oil Recovery (EOR) are some of the storage technologies used. The EOR segment held the largest share of 70.0% in the CCS market in 2020. Enhanced Oil Recovery (EOR) is a process of extraction of crude oil from an oil field that otherwise cannot be recovered. Due to the physics of fluid flow, about two-thirds of conventional crude oil discovered in oil fields remains unproduced — primary oil recovery produces only about 10% of the reservoir’s original oil in place, with secondary recovery techniques increasing original oil in place production to approximately 20 to 40%. Tertiary (EOR) techniques prolong the life of producing fields, ultimately leading to recovery of 30 to 60% of the original oil in place. The United States Department of Energy (DOE) has estimated that full use of next generation CO2-EOR in the country could generate an additional 240 billion barrels of recoverable oil resources. Developing this potential would depend on the availability of commercial CO2 in large volumes, which could be made possible by widespread use of carbon capture and storage. Geological storage is the fastest growing storage technology segment in the Carbon Capture and Storage market in 2020 and is growing at a CAGR of 33.1% during 2021–2026. Geological Storage involves injecting CO2 as a supercritical fluid and injecting it into geological formations like saline aquifers or deep unminable coal beds 800 meters or more below the Earth’s crust. According to the Global CCS institute, as of June 2021, 26 commercial CCS facilities with a total capacity of 40 million tons per annum (Mtpa) are operating, 3 more are in construction, 13 are in advanced development and approximately 21 are in early development. Each of these facilities is or will permanently store hundreds of thousands of tons of CO2 per year, and several store more than one million tons of CO2 each year. Five of the 21 operating facilities use dedicated geological storage.

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Carbon Capture and Storage (CCS) Market Segment Analysis — By End Use Industry

Industries produce about 8 billion tons of CO2 emissions annually. Chemical, Iron and steel and cement industries are responsible for 70% of these emissions due to the nature of their processes and high temperature heat requirements. The only feasible option for mitigation is to remove CO2 after production using CCS. The Oil and gas segment held the largest share of 62.8% in the Carbon Capture and Storage market in 2020. The rising demand for crude oil and natural gas across various industries has driven the growth of the oil and gas industry. The rising investments in the oil industry to meet growing energy requirements with the focus on lowering greenhouse gas emissions will significantly stimulate the implementation of carbon capture and storage projects. The fastest growing end use industry segment in the Carbon Capture and Storage market in 2020 is biofuels which is growing at a CAGR of 43.2% during 2021–2026. This segment is growing fast owing to its popularity as a negative emission technology- Bioenergy with Carbon Capture and Storage (BECCS). BECCS is the process of extracting bioenergy from biomass and capturing and storing the CO2 thereby removing the atmospheric CO2. Biogenic CO2 is typically counted as a net-zero emission in most Greenhouse gas accounting schemes. This makes it a very low-cost CO2 source for capture. Thus, favoring the CCS market.

Carbon Capture and Storage (CCS) Market Segment Analysis — By Geography

North America held the largest share in the CCS market in 2020 up to 54.0%. The US already had the highest number of operational CCS facilities and continued its lead in the global CCS projects with 12 of the 17 new commercial facilities added to the list projects in 2020. According to industry insights, North America will witness substantial growth on account of the increasing energy demands. For instance, the primary energy produced from fossil fuels in the US accounted for 79% of the total primary energy production in 2020 according to the IEA. Hence, there is a need to upgrade the conventional systems with effective emission control technologies like CCS to achieve the minimum emission rate. This contributes to the regional market growth. Projects were announced in the following end use industries — cement manufacturing, coal and gas-fired power plants, waste-to-energy plants, ethanol facilities and chemical production. These new projects are mainly due to incentives from the government as well as the DOE. Stringent regulatory standards by the government to decrease the greenhouse gas emissions will further boost the demand for carbon capture and storage technology in the region.

The APAC region is the fastest growing region and is growing at a CAGR of 44.3% during 2021–2026. In the Asia Pacific region commitments to reach net-zero emissions saw significant support over the last year from both, governments and businesses, which is spearheading CCS investment and driving the growth of the market. Increasing industrialization rate coupled with the growing investment toward expansion of manufacturing facilities has raised the deployment of CCS projects. Rapid deployment of gas and coal power plants in to cater to the growing demand for energy will accelerate the Asia Pacific market growth. For instance, in June 2021 Japan proposed $10 billion in government funding for low carbon projects overseas, particularly in Asia with the aim of offsetting the environmental impacts as it stays dependent on oil and gas imports to maintain energy security. Rising awareness regarding emission control along with ongoing industrial and commercial expansion will boost the market.

Carbon Capture and Storage (CCS) Market Drivers

Global Aim for Net Zero

There has been a tremendous growth in the renewable energy sources sectors but climate experts and scientists believe that this alone will not result in zero carbon emissions. CCS plays a vital role in ridding the existing energy sources of greenhouse gas emissions and one step closes to net zero. The CCS technologies available today can absorb more than 90% of CO2 generated by fossil fuel power stations and industrial plants. According a report, the International Energy Agency declares that without CCS it will be impossible to achieve the ambition of the Paris Agreement. Many countries have begun adopting CCS to put them on the right track to net zero. A Norwegian Company, Equinor’s “Hydrogen to Humber (H2H) Saltend” project will provide blue (zero emission) hydrogen from natural gas with carbon capture and storage technology for the Humber region in UK. The project is one of many steps toward realizing the 2019 UK law committing to net-zero greenhouse gas emissions by 2050. Such projects act as drivers for the CCS market during the forecast period.

Role of Power Generation Industry

The expeditious decarbonization of power generation industry is of utmost importance in achieving net-zero emissions as electricity generation is one of the largest sources of CO2 emissions globally. The demand for electricity is forecast to increase significantly. CCS equipped power plants will help ensure that the low carbon grid of the future is resilient and reliable. CCS is also essential for reducing emissions from the existent world-wide fossil fuel power plants. Globally, there is approximately 2,000 Giga Watts (GW) of operating coal-fired capacity, with over 500 GW of new capacity expected by 2030. Over 200 Gigatons of new capacity is already under construction. Without CCS retrofit or early retirement, coal and gas-fired power stations, both current as well as under construction, will continue emitting CO2 at rates that will consume 95% of the IEA’s Sustainable Development Scenario carbon budget by 2050. Retrofitting fossil fuel power generation plants with CCS can be a cost-effective option which means economies that are heavily dependent on coal such as China, India, and Southeast Asian countries can continue using it while moving toward a low-carbon economy, thereby transitioning towards zero emission. Thus, the growth in power generation also fuels the growth of CCS market.

Carbon Capture and Storage (CCS) Market Challenges

High Cost of Carbon Capture and Storage

Incorporating CCS technologies increases costs including capital investment in equipment technology, operating costs and transportation costs without providing additional revenue. The high cost of carbon capture and storage has kept the technology from entering mainstream use. Climate policies like carbon pricing are still not strong enough to make CCS economically attractive. For Carbon capture alone the cost varies from $15–120 per ton of CO2. Some CO2 capture technologies are commercially available now, while others are still in development, and this further contributes to the large range in costs. This challenge can be offset by government economic packages and incentives.

Environmental Considerations

The main critique towards CCS is that it may strengthen dependency on non-renewable fossil fuels and coal mining instead of adopting renewable energy solutions. Another concern is regarding the possible leaks in storage. Other concerns are explosions, earthquakes or any ecosystem side-effects. Such factors have become the major challenge of CCS which constrains the growth of the market.

Carbon Capture and Storage (CCS) Market Landscape

Technological advancements, partnerships, and R&D activities are key strategies adopted by players in the Carbon Capture and Storage market. Carbon Capture and Storage market top companies are General Electric Company, Royal Dutch Shell PLC, Aker Solutions ASA, Fluor Corporation, Mitsubishi Heavy Industries, Ltd, Halliburton Company, Siemens AG, Total S.A., Equinor ASA, ADA-ES, Inc, Exxon Mobil Corporation and Schlumberger Limited among others.

Acquisitions/Technology Launches

In June 2021, Northern Lights, Total Energies, Oxy Low Carbon Ventures, South Pole, Perspectives and Carbon Finance Labs announced the launch of the CCS+ Initiative which focus on advancing carbon accounting for a range of carbon capture, utilization, storage, and removal technologies that are underpinned by robust cradle-to-grave life cycle assessments (LCA) and rigorous verification standards to ensure environmental integrity.

In February 2020 Chevron Technology Ventures partnered with WAVE Equity Partners, and Marubeni Corporation by investing $16 million in Carbon Clean Solutions. Carbon Clean Solutions Limited is developing a carbon capture system that can be shipped to remote sites, where it will remove carbon dioxide at a price of $30 per ton.

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Chemical Injection Skid Market Analysis: Projected to Reach $2.8 Bn by 2034

The Chemical Injection Skid Market is a crucial segment within the global oil & gas, water treatment, petrochemical, and chemical industries. A chemical injection skid is a specialized system used for the precise dosing of chemicals to control and optimize processes in various industries. These skids are vital for corrosion control, pH regulation, scale inhibition, and other treatments, ensuring smooth operations and protecting equipment. The market for chemical injection skids is driven by the increasing need for automation in industrial processes, rising demand for enhanced safety protocols, and the growing emphasis on efficiency and environmental sustainability.

Market Size and Growth

The global Chemical Injection Skid industry, valued at US$ 1.8 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2034, reaching US$ 2.8 billion by 2034, especially in regions like North America, Asia-Pacific, and the Middle East. Factors such as the increasing demand for natural gas, water treatment, and chemical production are key growth drivers. In addition, the surge in offshore oil & gas exploration and production activities is contributing to the demand for chemical injection systems to ensure optimal process efficiency and compliance with environmental regulations.

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Market Segmentation

The Chemical Injection Skid Market can be segmented as follows:

By Service Type:

Design and Engineering

Installation and Commissioning

Maintenance and Support

By Sourcing Type:

In-house Manufacturing

Outsourced Manufacturing

By Application:

Oil & Gas

Water Treatment

Chemical Processing

Pharmaceuticals

Others (Mining, Power Generation)

By Industry Vertical:

Oil & Gas

Water and Wastewater Treatment

Chemicals and Petrochemicals

Energy and Power

Pharmaceuticals

By Region:

North America

Europe

Asia-Pacific

Middle East & Africa

Latin America

Regional Analysis

North America: Dominates the chemical injection skid market due to advanced industrial infrastructure and the significant presence of the oil & gas industry. The U.S. and Canada contribute largely to market demand, driven by shale gas exploration and the rising need for water treatment facilities.

Europe: The market in Europe is driven by stringent environmental regulations and the need for chemical treatment systems across sectors such as oil refining and wastewater treatment. Countries like Germany, Norway, and the UK are key contributors.

Asia-Pacific: Rapid industrialization in countries such as China, India, and Southeast Asia is fueling demand for chemical injection skids. The growing demand for energy and chemicals, coupled with infrastructure development, is a significant factor driving market growth in this region.

Middle East & Africa: Known for its large-scale oil production, the Middle East is a critical region for the market. The growing focus on enhanced oil recovery (EOR) and offshore exploration is expected to propel the demand for chemical injection systems in the coming years.

Latin America: Latin America, led by Brazil and Mexico, holds potential for market growth due to increasing investments in oil & gas exploration and the need for water treatment systems.

Market Drivers and Challenges

Drivers:

Rising Oil & Gas Exploration: Growing global energy demand and investments in upstream oil & gas exploration, particularly in offshore regions, is driving the need for chemical injection systems to maintain operational efficiency.

Environmental Regulations: Increasing regulatory pressure to reduce emissions and treat industrial waste is boosting the demand for advanced chemical treatment systems across sectors such as water treatment and chemicals.

Technological Advancements: Automation, remote monitoring, and intelligent systems for precise chemical dosing are further enhancing the adoption of chemical injection skids across industries.

Challenges:

High Initial Costs: The initial cost of installation and commissioning of chemical injection systems is high, which can deter smaller companies from adopting these systems.

Fluctuations in Raw Material Prices: The volatile nature of raw material prices, particularly metals and chemicals used in manufacturing, poses a challenge to market growth.

Complexity in System Design: Ensuring precise and customized system designs for various industry-specific applications can be a challenge for manufacturers.

Market Trends

Automation and Smart Skids: The integration of advanced sensors, automation, and real-time monitoring systems is a growing trend in the market. These smart skids allow operators to remotely monitor and control chemical dosing, enhancing safety and efficiency.

Sustainable Chemical Injection Systems: Increasing focus on environmentally friendly and sustainable processes is leading to the development of systems that optimize chemical usage, reduce waste, and improve the sustainability of industrial operations.

Growth in Water Treatment: The rising need for clean water and wastewater treatment across the globe is expected to drive demand for chemical injection systems that can precisely control chemical dosing in treatment facilities.

Future Outlook

The Chemical Injection Skid Market is poised for steady growth over the next decade, with increasing adoption across various industries such as oil & gas, chemicals, and water treatment. Technological advancements, coupled with rising environmental concerns, are expected to shape the future of the market. The ongoing shift towards automation, smart systems, and sustainable practices will further drive demand for innovative chemical injection solutions.

Key Market Study Points

Increasing demand for chemical injection systems in oil & gas, water treatment, and chemical processing.

The growing emphasis on automation and sustainability in industrial operations.

Regional market dynamics, particularly in North America, Asia-Pacific, and the Middle East, will play a crucial role in driving global market growth.

Advancements in remote monitoring and control technologies for chemical injection systems.

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Competitive Landscape

The competitive landscape of the Chemical Injection Skid Market is characterized by the presence of key players such as Frames Group, Parker Hannifin Corp., Lewa GmbH, SPX Flow, Milton Roy, and Petronash. These companies are focusing on innovation, product customization, and strategic collaborations to expand their market presence. Mergers and acquisitions, along with investments in R&D, are key strategies adopted by leading players to maintain competitiveness in the market.

Recent Developments

Frames Group has launched a new range of modular chemical injection skids with enhanced automation and real-time monitoring capabilities.

Parker Hannifin introduced a sustainable chemical dosing skid aimed at reducing chemical wastage and improving energy efficiency.

SPX Flow announced the expansion of its chemical injection skid product line, with a focus on systems designed for water and wastewater treatment.

About Transparency Market Research

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Nanocellulose 2023 Industry – Challenges, Drivers, Outlook, Segmentation - Analysis to 2030

Nanocellulose Industry Overview

The global nanocellulose market size was valued at USD 351.5 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. 

The growth is attributable to the rise in demand for various applications and the shifting trend for using bio-based goods are the factors responsible to drive demand for product. Due to its various qualities, such as increased paper machine efficiency, better filler content, lighter base mass, and higher freeness, nanocellulose is suitable for the producing a wide range of products. The paper industry uses nanocellulose as a prominent sustainable nanomaterial additive owing to its high strength, strong oxygen barrier performance, low density, mechanical qualities, and biocompatibility among the available bio-based resources. Additionally, the construction of materials, aqueous coating, and others are some of the major uses of nanocellulose composite materials.

Gather more insights about the market drivers, restrains and growth of the Nanocellulose Market

The U.S. is the largest market for nanocellulose in North America contributing a considerable amount to global revenue. People in the U.S. are concerned about their health, which has greatly aided the use of MFC (Micro fibrillated Cellulose) and CNF (Cellulose nanofibers) in the production of functional food products thus increasing the demand for nanocellulose in the country.

The food & beverage, and paper & pulp industry are majorly driving product growth in the country. Demand in the country is majorly driven by the increasing awareness and insistence on highly advanced sustainable products along with paper-based packaging in the food & beverage industries.

The pulp & paper business heavily utilizes nanocellulose as an ingredient to create light and white paper that further accelerates the market growth. Owing to its benign qualities it is used in healthcare applications such as biomedicines and personal hygiene products. Additionally, owing to its superior adsorption abilities, Nanocellulose is a suitable constituent for sanitary napkins and wound dressings. The market has been further stimulated by expanding product research activity.

Nanocellulose Market Segmentation

Grand View Research has segmented the global nanocellulose market report based on the type, application, and region:

Type Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

CNF (NFC, MFC)

Bacterial Cellulose

CNC

Application Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Pulp & Paperboard

Composites

Pharmaceuticals & Biomedical

Electronics

Food & Beverages

Others (Textile, Paints, cosmetics, Oil & Gas, Cement)

Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

Netherlands

France

Finland

Norway

Sweden

Switzerland

Spain

Asia Pacific

China

India

Japan

South Korea

Australia

Thailand

Malaysia

Singapore

Central & South America

Brazil

Colombia

Chile

Middle East & Africa

Saudi Arabia

South Africa

Israel

Iran

Browse through Grand View Research's Renewable Chemicals Industry Research Reports.

The global chondroitin sulfate market size was valued at USD 1.29 billion in 2023 and is projected to grow at a CAGR of 3.6% from 2024 to 2030.

The global pine-derived chemicals market size was estimated at USD 5.82 billion in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2030. 

Key Companies & Market Share Insights

The market is consolidated owing to the existence of a few major players in the market including Cellu Force, Fiber Lean, Kruger INC., and others. Manufacturers operating in the market engage in strategic mergers & acquisitions, geographical expansion, product developments, and innovation in order to strengthen their positions, increase profitability, and simultaneously generate innovations and advancements.

When compared to other nanotechnology high-performance materials, nanocellulose offers a lower cost and the potential to replace many products made from petrochemicals. It has exceptional qualities like biodegradability, transparency, flexibility, high mechanical strength, and barrier characteristics, among others. Growing interest in health issues and the food & beverage industries will both have a significant impact on the market share in the years to come.

Consequently, the focus on manufacture of the product has increased owing to increasing awareness about health and environmental concerns arising from harmful chemical products. The global market has witnessed several new product developments, mergers & acquisitions and joint ventures due to several industrial challenges. Some prominent players in the global nanocellulose market include:

Cellu Force

Fiber Lean

NIPPON PAPER INDUSTRIES CO., LTD.

Kruger INC

Borregaard AS

CelluComp

Melodea Ltd

Blue Goose Refineries

GranBio Technologies

Stora Enso Biomaterials

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How Nano PLCs Are Transforming IoT and Smart Factory Operations

Allied Market Research, titled, Nano Programmable Logic Controller (PLC) Market by Component, Service, Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the nano programmable logic controller (PLC) market was valued at $2,585 million in 2016, and is projected to reach $4,250 million by 2023, growing at a CAGR of 7.0% from 2017 to 2023. The Processor segment held nearly half of the total market in 2016

Nano programmable logic controller is used across numerous industries such as energy & power, automotive, oil & gas, pharmaceutical, and others. At present, rise in demand for automated electronic devices and increase in trend of artificial intelligence (AI) drive the market. Moreover, popularity of Internet of Things (IoT) is expected to provide lucrative opportunities to market players.

The processor segment is estimated to maintain its lead in the global nano programmable logic controller (PLC) market, as it is the most important part in the controller for operations. Moreover, input/output (I/O) segment is expected to grow, owing to its durability and easy replacement.

The fixed nano PLC segment dominated the global market in 2016, accounting for more than half of the total market share. Requirement for compact automation solutions, enhanced efficiency, and increased need for high-voltage operating devices fuel the market growth. However, the modular nano PLC segment is expected to grow at the highest CAGR of 6.3% during the forecast period, due to increase in demand for module rack system.

Asia-Pacific was the major revenue contributor in 2016, and is expected to maintain its dominance throughout the forecast period. This is attributed to the increase in number of automated devices and solutions. Moreover, developments in energy & power and automotive sectors are anticipated to boost the growth of the nano programmable logic controller (PLC) market, especially in the Asia-Pacific countries, such as China, Japan, South Korea, and India.

Europe is anticipated to grow at highest CAGR of 8.4% during the analysis period, owing to increase in demand for automated devices and rise in the adoption of controllers in automotive and oil & gas sectors. Moreover, technological advancements to overcome complexity of the circuit are expected to offer lucrative opportunities for market players in the near future.

Key Findings of the Nano Programmable Logic Controller (PLC) Market:

In 2016, the processor segment dominated the global nano PLC market, in terms of revenue, and is anticipated to grow at a CAGR of 6.2% during the forecast period.

The modular nano PLC segment is expected to exhibit the highest growth rate, owing to the flexibility and durability.

The training segment dominated the global nano PLC market, accounting for nearly half of the total market share in 2016.

The key players operating in the nano programmable logic controller (PLC) market have adopted new product launch as their preferred strategy to expand their market foothold. The major players profiled in this report include Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, ABB Ltd., Robert Bosch GmbH, Honeywell International, Hitachi Ltd., IDEC Corporation, and General Electric.

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Microreactors Market: Innovations Transforming Chemical Processing

 Introduction to Microreactors market

The microreactors market is gaining significant traction due to their efficiency in handling chemical reactions on a microscale, leading to faster reaction times, improved yields, and better safety. These compact systems enable continuous flow chemistry, enhancing scalability and cost-efficiency. Industries such as pharmaceuticals, chemicals, and energy are increasingly adopting microreactors to streamline production. The global demand is fueled by the need for sustainable manufacturing processes and advancements in microfluidics and nanotechnology. However, market growth faces challenges like high R&D costs and technological integration barriers.

The Microreactors Market is Valued USD 0.34 billion in 2024  and projected to reach USD 1.6 billion by 2032, growing at a CAGR of 19.00% During the Forecast period of 2024-2032. These compact, highly efficient reactors enable faster, safer, and more controllable chemical reactions compared to conventional reactors. Growing demand across industries such as pharmaceuticals, petrochemicals, and fine chemicals, coupled with rising interest in sustainable and continuous manufacturing, drives the expansion of the market. Continuous flow systems, portability, and enhanced scalability make microreactors an attractive solution in high-tech sectors.

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Major Classifications are as follows:

By Types

Pressurized Water Reactors (PWRs)

Boiling Water Reactors (BWRs)

High-Temperature Gas[1]Cooled Reactors (HTGRs)

Molten Salt Reactors (MSRs)

Fast Neutron Reactors (FNRs)

Other

By Fuel Types

Low-Enriched Uranium (LEU)

High-Assay Low Enriched Uranium (HALEU)

Thorium

Other

By Application

Remote Power Generation

Industrial Process Heat

Space Exploration

District Heating

Others

By End Users

Government and Military

Utilities and Energy Companies

Industrial and Manufacturing

Space Agencies

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada,) ◘ Latin America (Brazil, Mexico, Argentina,) ◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◘ Europe (UK,Germany,France,Italy,Spain,Russia,) ◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South

Key Players of Microreactors market

Elysium Industries, X-energy, TerraPower, HolosGen, Ultra Safe Nuclear Corporation (USNC), Nuscale Power, INL - Idaho National Laboratory, Moltex Energy, Westinghouse Electric Company, Canadian Nuclear Laboratories (CNL), Starfire Energy, Seaborg Technologies, ThorCon Power, LeadCold, Kairos Power and Others.

Market Drivers in the Microreactors Market:

Efficiency in Chemical Processes: Microreactors offer superior control over reaction conditions, enhancing yield and minimizing waste.

Sustainability: The reduction in energy and resource usage makes them ideal for companies focused on green chemistry.

Pharmaceutical Growth: Increased demand for precision in pharmaceutical synthesis drives the need for advanced microreactor systems.

Market Challenges in the Microreactors Market:

High Initial Costs: The development and integration of microreactor systems can be costly for small- and medium-sized enterprises.

Limited Awareness: Many industries are unfamiliar with the benefits of microreactor technology, limiting widespread adoption.

Regulatory Issues: Complex regulatory environments in different regions can slow down market penetration.

Market Opportunities of Microreactors Market:

Pharmaceutical Industry: The growing demand for personalized medicine and batch production presents significant opportunities.

Sustainable Manufacturing: Companies looking to reduce their environmental footprint can benefit from the efficiency of microreactors.

Renewable Energy: Microreactors offer potential in biofuel and renewable energy production, contributing to the global shift towards clean energy.

Conclusion:

The microreactors market is poised for significant growth as industries seek to optimize chemical processes through efficiency, scalability, and sustainability. While there are challenges related to cost, integration, and scalability, the opportunities offered by microreactors in enhancing precision and reducing environmental impact are vast. As technology continues to evolve, the microreactors market will play a crucial role in transforming industries like pharmaceuticals, petrochemicals, and beyond, pushing them toward greener and more efficient production methods.

[shubhampawrainfinium]

Unlocking the Potential of Thermal Spray Coatings: Applications and Benefits

The global thermal spray coatings market is experiencing significant growth, driven by its increasing use across various industries for improving surface properties and enhancing durability. According to the report, the market is projected to grow at a compound annual growth rate (CAGR) of over 8% during the forecast period of 2022-2028. In 2022, the market was valued at nearly USD 9 billion and is expected to surpass USD 14 billion by 2028.

Overview of Thermal Spray Coatings

Thermal spray coatings are applied to surfaces to protect them from wear, corrosion, heat, and other environmental factors. They involve the spraying of melted or heated materials like metals, ceramics, or polymers onto a surface to form a protective layer. These coatings are widely used in industries such as aerospace, automotive, healthcare, and power generation.

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Key Growth Drivers

Several factors are contributing to the rapid growth of the thermal spray coatings market:

Increasing Demand from Aerospace and Automotive Industries: The aerospace sector is one of the largest consumers of thermal spray coatings due to their application in protecting aircraft components from high temperatures and wear. Similarly, the automotive industry utilizes these coatings to enhance the longevity of engine parts and other critical components.

Rising Focus on Corrosion Protection: Industries like oil & gas and marine require robust protective coatings to prevent corrosion and improve the lifespan of equipment and structures. Thermal spray coatings offer superior corrosion resistance, making them essential for these sectors.

Growth in Healthcare and Medical Devices: In the healthcare sector, thermal spray coatings are used in medical devices such as implants and surgical instruments to enhance their biocompatibility, wear resistance, and surface finish. The rising demand for medical devices is expected to further drive market growth.

Energy and Power Generation: The power generation industry relies on thermal spray coatings to protect turbines, boilers, and other equipment from high temperatures and wear. As energy demands increase globally, the market for thermal spray coatings in this sector is also expanding.

Regional Analysis

North America: North America, particularly the United States, dominates the global thermal spray coatings market due to its advanced aerospace, automotive, and healthcare sectors. The region's focus on research and development is driving the adoption of high-performance coatings in various industries.

Europe: Europe is another key market for thermal spray coatings, with major contributions from countries like Germany, France, and the U.K. The region's well-established automotive and manufacturing sectors, along with stringent environmental regulations, are boosting the demand for sustainable and high-performance coatings.

Asia-Pacific: The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, driven by rapid industrialization and infrastructure development in countries like China, India, and Japan. The expanding aerospace and automotive sectors in the region are also contributing to market growth.

Latin America and Middle East & Africa: These regions are experiencing gradual market growth due to the rising demand for protective coatings in oil & gas, energy, and automotive industries.

Competitive Landscape

The global thermal spray coatings market is highly competitive, with key players focusing on product innovation, technological advancements, and expanding their geographic reach. Major companies in the market include:

Praxair Surface Technologies, Inc.: A leading player in the thermal spray coatings industry, providing a wide range of coatings for aerospace, automotive, and industrial applications.

Oerlikon Metco: Oerlikon offers advanced thermal spray solutions with a focus on improving wear resistance, corrosion protection, and performance in high-temperature environments.

Bodycote plc: Specializing in surface technology and thermal processing services, Bodycote is a key player in providing thermal spray coatings for various industries.

Curtiss-Wright Corporation: This company offers thermal spray coating solutions for aerospace and industrial applications, with a strong focus on durability and performance enhancement.

Flame Spray Technologies BV: Known for its thermal spray equipment and coating solutions, Flame Spray Technologies caters to a range of industries, including power generation and oil & gas.

Report Overview : https://www.infiniumglobalresearch.com/reports/global-thermal-spray-coatings-market

Challenges and Opportunities

High Initial Costs: One of the challenges facing the thermal spray coatings market is the high initial cost of application, particularly in industries with budget constraints. However, the long-term benefits in terms of improved durability and reduced maintenance costs often outweigh the initial investment.

Technological Advancements: The development of new coating materials and application techniques, such as advanced plasma spraying and cold spraying methods, presents significant opportunities for market growth. These innovations are improving the performance of thermal spray coatings in high-demand sectors.

Sustainability and Eco-friendly Coatings: The growing emphasis on sustainability is driving the development of environmentally friendly coatings with reduced emissions and energy consumption. Companies investing in sustainable solutions are expected to gain a competitive edge in the market.

Conclusion

The global thermal spray coatings market is poised for strong growth over the next several years, with a projected CAGR of over 8%. With increasing applications across industries such as aerospace, automotive, healthcare, and energy, the market is expected to reach over USD 14 billion by 2028. As industries continue to demand higher durability and corrosion protection, thermal spray coatings will remain a critical solution for enhancing the performance and lifespan of components and equipment.

[businessindustry]

Hydraulic Generator Market Size | Industry Research by 2024-2032 | Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Hydraulic Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Hydraulic Generator Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Hydraulic Generator?

The hydraulic generator market is expected to grow at a CAGR of 8.3% during the forecast period of 2024 to 2032.

What are Hydraulic Generator Market?

A hydraulic generator is a device that transforms hydraulic energy into electrical power by utilizing the flow of pressurized fluid to drive a generator. Commonly used in industries like construction, marine, and other sectors where hydraulic systems are present, these generators efficiently convert the kinetic energy of moving fluid into electricity. Known for their durability, compactness, and ability to generate power in remote or mobile settings, hydraulic generators offer a practical and reliable solution for applications that require on-demand electrical power without a conventional power grid.

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What are the growth prospects and trends in the Hydraulic Generator Market industry?

The hydraulic generator market growth is driven by various factors and trends. The hydraulic generator market is experiencing consistent growth, driven by the rising demand for dependable and efficient power generation solutions across industries such as construction, mining, marine, and heavy industrial operations. Hydraulic generators are highly regarded for their capability to generate electricity in remote or off-grid environments by leveraging existing hydraulic circuits, making them essential for mobile equipment and heavy-duty machinery. Market expansion is further supported by increasing infrastructure development, innovations in hydraulic systems, and a shift towards sustainable energy practices. Major regions driving this growth include North America, Europe, and Asia-Pacific. Hence, all these factors contribute to hydraulic generator market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Power Rating:

Low Power Hydraulic Generators

Medium Power Hydraulic Generators

High Power Hydraulic Generators

By Application:

Construction

Mining

Oil & Gas

Telecommunications

Marine

Others

By End-Use:

Residential

Commercial

Industrial

Market Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Atlas Copco

Generac Power Systems, Inc.

Enerpac Tool Group

Wacker Neuson SE

HIMOINSA S.L.

KOHLER Co.

Caterpillar Inc.

Cummins Inc.

Stanley Infrastructure, Ltd.

Mitsubishi Heavy Industries, Ltd.

Briggs & Stratton Corporation

Doosan Corporation

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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[rahulpande15]

Global Green Hydrogen Market: Growth Opportunities and Technological Barriers

According to a new report published by Allied Market Research, the green hydrogen market size was valued at $2.5 billion in 2022, and is estimated to reach $143.8 billion by 2032, growing at a CAGR of 50.3% from 2023 to 2032.

Green hydrogen, also known as renewable hydrogen, is a form of hydrogen produced using renewable energy sources, such as solar, wind, or geothermal power. Furthermore, the demand for proton exchange membrane electrolyzer is anticipated to witness growth during the forecast period, owing to economic growth in emerging markets continues to surge.

In 2023, Asia-Pacific accounts for the largest green hydrogen market share, followed by Europe and North America.

Major Companies

Green Hydrogen Systems, Air Liquide, Shell plc, Enapter S.r.l., Plug Power Inc., Ballard Power Systems, Linde plc, Reliance Industries, GAIL (India) Limited and Adani Green Energy Ltd.

The green hydrogen market is expected to be driven by factors such as the promising growth of the food and beverages, medical, chemical, and petrochemical industries.

Demand for power generation has escalated due to global population growth, coupled with urbanization and industrialization, leading to increase electricity consumption.

The food and beverage segment are projected to manifest a CAGR of 51.6% from 2023 to 2032, and has significant proportion in green hydrogen market size. Rise in the food and beverage industry significantly influences the green hydrogen market, primarily due to intensive energy demand of the industry.

Food and beverage production requires substantial energy for processing, packaging, refrigeration, and transportation. Green hydrogen presents a sustainable solution to meet these escalating energy demands, especially in processes were direct electrification not efficient.

Rise in living standards and technological advancements also contribute to higher energy needs, especially in emerging economies where electricity access has expanded rapidly.

Ongoing R&D efforts focus on enhancing electrolyzer efficiency, durability, and scaling up production, leading to cost reductions and improved performance. This trend aligns with ambitious governmental targets and corporate commitments aimed at fostering the green hydrogen industry, spurring innovation and market growth.

Increasingly stringent regulations and carbon pricing mechanisms incentivize to transition of industries into low-carbon alternatives, propelling its market penetration. These converging green hydrogen market trends collectively position green hydrogen as a pivotal player in the sustainable energy landscape, driving a fundamental shift toward cleaner, more resilient energy systems across the globe.

the electrification of transportation and heating sectors, driven by the push for cleaner energy sources, further amplifies the demand for power generation. This growth in demand provides a significant opportunity for the green hydrogen market. 

Green hydrogen emerges as a versatile solution as traditional energy sources struggle to meet these escalating demands while maintaining environmental sustainability.

This symbiotic relationship between the rise in demand for power generation and the need for clean energy solutions positions green hydrogen as a key player in meeting the escalating energy needs sustainably.

The push toward decarbonization and the reduction of greenhouse gas emissions in the transportation sector amplifies the appeal of green hydrogen market opportunities.

Carbon Solutions, a greenhouse gas reduction consultancy, in May 2023, stated that less than 1% of the 10 million metric tons of hydrogen produced in the U.S. at present counts as green hydrogen. Instead, 76% is derived from natural gas or coal, and 23% is a by-product of petroleum refining or other chemical processes.

Globally, the hydrogen market is about 96 million metric tons per year. The report from Carbon Solutions puts number of electrolyzers operating in the U.S. at just 42, with a combined hydrogen production capacity of about 3,000 tons per year.

The U.S. Department of Energy (DOE) aims to have 10 million tons of clean hydrogen flowing per year by 2030, 20 million tons by 2040, and 50 million tons by 2050. About half that production is expected to come from renewably powered electrolysis. The U.S. government is projected to invest $8 billion in several hydrogen hubs across the country by 2026 and produce about 250 times as much hydrogen per day.

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.