#Europe Industrial Gas Generator Market

[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.

[mariacallous]

In the lead-up to the European Parliament elections in June, during which far-right parties across Europe made gains while green parties and liberals suffered losses, the EU’s Green Deal, launched in 2020, and environmental policies generally were attacked—blamed for the economic downturn in many European countries, as well as inflation and the energy price crisis. Opposition to climate targets and the Green Deal has also been a theme in the recent French national elections. The policy platform of the far-right Rassemblement National—which won the first round of the elections—contains many proposals that would see backpedaling on existing greenhouse gas reduction targets, and a moratorium on wind energy development.

Tapping into a widespread sense of economic insecurity, both right-wing and centrist parties adopted this narrative and sparked a politicized debate that frames pro-green and pro-competitiveness policies as opposing forces. Italian co-leader of the hard-right European Conservatives and Reformists (ECR) group Nicola Procaccini called the Green Deal “crazy and sort of a religion,” while Peter Liese of the center-right European People’s Party (EPP) said the planned phase-out of the internal combustion engine—a central policy of the Green Deal’s plan to decarbonize the transport sector—was a mistake.

European policymakers now face the challenge of crafting a green industrial strategy that meets climate and sustainability targets and competes economically with the U.S. and China—but also addresses the concerns of disenfranchised voters who have turned to extremist parties, particularly regarding the cost-of-living crisis and the perception that green policies are out of touch. Ensuring a just transition for workers in declining industries will be essential for the strategy to be economically effective and politically feasible.

What would be the key pillars of a European green industrial strategy, and how can they be designed to ensure both environmental sustainability, economic competitiveness, and societal acceptance? How can a green industrial strategy avoid becoming overly protectionist to ensure that trade policies support rather than hinder the cost-effective deployment of green technologies? And how can it benefit disenfranchised voters and appeal to the rising political right?

Rather than having a cohesive, long-term strategy, the EU’s industrial policy often consists of disjointed measures that respond to immediate pressures and development—such as competitive actions from global powers such as the United States and China.  China’s industrial policy has supported green industries for over a decade, especially in in the clean energy sector, and created challenges for European companies. Meanwhile the Inflation Reduction Act (IRA), which became law in the U.S. in August 2022, caught European policymakers by surprise, as its tax credits to promote the deployment of climate technologies has affected European companies’ investment decisions.

During its latest meeting in June, the European Council agreed on the Strategic Agenda 2024-2029, which calls to strengthen European competitiveness while at the same time retains the goal of making Europe the first climate-neutral continent by 2050. It emphasizes the importance of bolstering the European Single Market, but also highlights the need for strengthening Europe’s industrial base in order to decarbonize European industry, develop the Union’s competitive edge in digital and clean technologies and diversify strategic supply chains.

The good news is that Europe does not need to start from scratch. First of all, while an easy political target in the recent elections, the Green Deal—the set of proposals which guided the EU’s climate, energy, transport, and taxation policymaking over the last five years—contains several legislative acts as well as mid-term targets which can guide the new green industrial policy. Despite political stigma, key components of the Green Deal, such as policies that drive decarbonization in industry and support resource efficiency through circular economy business models, are essential for European competitiveness and economic security and must be upheld. These policies must also provide tangible benefits for small businesses and communities and generate employment by stimulating local economies.

Second, the financing aspect of an industrial strategy will be crucial. Increased government funding for innovation in net-zero and circular economy technologies is needed, with a particular focus on scaling-up successful pilots and innovations. Initiating mission-oriented public-private partnerships and continuous funding support from early-stage development to large-scale implementation has been recommended by the Corporate Leaders Group Europe. Furthermore, well-structured funding opportunities for green infrastructure projects and businesses, coupled with project de-risking measures such as government-backed guarantees and demand-side incentives will enhance the leverage of private capital.

To maintain leadership in the green transition, the EU must also invest more heavily in research and development to support the scaling and commercialization of green innovations in Europe, but also across entire value chains. European innovation ecosystems and networks will increasingly need to extend and include trading partners, especially upstream producer countries. This will also support European green tech companies to export their products globally.

Third, it will be important to ensure that a European green industrial strategy does not become overly protectionist and unnecessarily increases the costs of the green transition. A green industrial policy that erects trade barriers that do more harm than good would be self-defeating. However, protectionist policies are often supported by far-right groups in Europe such as the Rassemblement National who typically emphasize national sovereignty and economic self-sufficiency. They advocate for protectionist policies to shield domestic industries from foreign competition, out of a belief this preserves jobs and strengthen the national economy. Protectionist rhetoric also resonates with European voters who feel left behind by economic globalization, such as those in declining industrial regions.

While there is a case for green industrial policy in support of the development and adoption of early-stage clean technologies, it is important to avoid protectionist tariffs on mature technologies that increase costs for end users and could trigger retaliatory measures from trade partners. Favoring domestic firms and products by relying on tariffs, discriminatory public procurement, or investment-screening controls can be distortive, leading to less efficient resource allocation globally and to higher prices and fewer choices for European consumers.

An example are the recently announced EU tariffs on Chinese electric vehicles that follow earlier tariffs imposed by the U.S. While these new tariffs will affect Chinese EV manufacturers’ prospects in EU and U.S. markets, they will raise prices for European and American households and exacerbate the affordability issues of the energy transition for low-income social groups, who already perceive green policies as main contributor to the cost-of-living crisis. Additionally, such tariffs might provoke retaliatory measures from China, potentially impacting other sectors and posing new economic challenges, particularly for France’s agricultural sector and producers of cognac and pork. Also, tariffs will cushion and protect domestic manufacturers from Chinese competition rather than making them more competitive, as well as delay the transition to low-carbon electric mobility systems.

Rather than become inward-looking, Europe will need to increase its international cooperation with trading partners, especially low- and middle-income countries. The COVID-19 pandemic highlighted the issues arising from concentrated semiconductor supply, emphasizing the need for diversification in the supply of critical goods like semiconductors and raw materials. Since then the EU has initiated critical raw material partnerships with several resource-rich countries, including Namibia, Kazakhstan, the Democratic Republic of Congo, Zambia and Uzbekistan. These partnerships are crucial for European competitiveness (ensuring access to materials needed for the twin digital and green transitions), but must also support industrialization and value-added industries in partner countries beyond mere extraction to achieve mutually beneficial outcomes.

Fourth, the link between environmental regulation and industrial policy needs to be further strengthened. One common argument has been that Europe’s environmental regulation and reporting requirements hampers competitiveness. For example, the leader of the German liberal Free Democratic Party, Christian Lindner, opposed the EU Corporate Sustainability Due Diligence Directive as it would place additional administrative burdens on companies. Eventually adopted in May 2024 after much political bargaining, companies are still concerned about increased compliance costs and administrative burdens associated with implementing comprehensive due diligence processes.

This, however, overlooks that the EU’s global leadership in setting environmental legislation and standards has been a cornerstone of its competitiveness and international influence for the last two decades. By setting stringent environmental standards and regulations, the EU has not only driven innovation within its borders but also shaped global norms and practices, compelling other regions to follow suit. Recent economic analyses show that Green Deal regulation has positively impacted innovation and European competitiveness internationally.

After the EU election outcomes, mainstream parties such as the EEP are already backpedaling on climate policy and have announced that they will oppose the planned phase-out of the combustion engine by 2035—partly because many far-right parties strongly oppose this policy. This, however, would not help competitiveness of European car manufacturers. Maintaining a focus on internal combustion engines cars could leave EU manufacturers lagging behind in the global EV markets and fall further behind technologically.

Instead, establishing unified EU-wide standards for green products and technologies and strategically advancing these standards internationally is crucial. It is essential to engage closely with Europe’s trading partners, particularly suppliers of materials and components in developing countries. These suppliers are integral to various value chains, including those for batteries, electronics, textiles, electric vehicles, semiconductors, and plastics. Without such engagement, Europe’s environmental policies and new standards run the risk of becoming trade barriers, restricting market access and causing disruptions for European brands and their suppliers, which would cause pushback.

Fifth, a green industrial strategy that identifies and supports leading sectors must also consider those negatively impacted by the transition. Therefore, principles of a just transition and social inclusivity are crucial. This includes implementing policies through the existing Just Transition Mechanism to support workers and communities affected by the shift to a green economy, minimizing social and economic disruptions. The mechanism, which includes training programs, will mobilize around €55 billion from 2021 to 2027 to the most affected regions, especially coal mining. Expanding the mechanism to other industries, for example the car manufacturing industry which is expected to lose up to half a million jobs in the shift to EV manufacturing, will be needed.

When it comes to consumer acceptance, the bottom line is affordability. If new green technologies are not affordable for most consumers, there will be political backlash, as seen with home heating systems in Germany. Heat pumps, a common piece of green home heating technology, became a major political issue used by the far-right AfD in Germany’s local and European Parliament elections. Thus, it is essential to design policies that keep the green transition affordable for consumers, avoiding regressive measures that disproportionately impact low-income households.

To remain competitive, the EU must reaffirm its commitment to leading the global green transition. By building on existing policies established under the Green Deal, Europe can develop a strategic green industrial strategy that not only matches the economic and technological advances of the U.S. and China but also reinforces its commitment to environmental sustainability and climate protection, but also social inclusion and equity. A political shift is underway in Europe, but this transition is inevitable. To make it more politically feasible and inclusive in the short term, it’s essential to implement strategies that address public concerns and demonstrate clear benefits. By doing so, the existing Green Deal can become a visible catalyst for economic and social transformation and the industries of the future.

[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.

[probablyasocialecologist]

Of course, it’s true that China accounts for more than half the world’s coal power — and is the world’s largest carbon-dioxide emitter. It’s also true that U.S. CO2 emissions have declined over the years, while China’s are now nearly twice the U.S.’s. And it’s also true that, as David Holt, president of the fossil-fueled Consumer Energy Alliance recently wrote, China is home to 23 of the “top 25” cities “responsible for 52 percent of the planet’s urban greenhouse gas emissions.” But that fact doesn’t magically vacate the U.S.’s responsibility for its own emissions.

Nor does it obviate the fact that, as Mongabay pointed out, “historically, the U.S. is responsible for a quarter of the world’s greenhouse gas output.” That’s despite being home to less than 5 percent of the world’s population. In fact, the study Holt cited on emissions in China also noted that China’s per capita output is still below “wealthier countries” like the U.S. and those in Europe.

[...]

Simply put, corporate America has fueled much of China’s carbon-belching industrial behemoth. U.S. corporations and investors exploited China’s relatively few environmental regulations, along with its vast supply of cheap labor, in an effort to minimize the cost of doing their business. U.S. corporations were able to relocate their manufacturing to China thanks in no small part to All-American economic policies emphasizing maximum profit and avoidance of regulations. Those policies, in turn, globalized the supply chains that made those profitable regulatory dodges possible.

[...]

...there’s a direct correlation between the rise of China as Corporate America’s offshore factory and China’s rise as the world’s leading fossil fuel-burning, carbon-emitting nation. You can see the “lift-off” point after it was granted [Permanent Normal Trading Relations] in 2001.

Currently, U.S. corporations and consumers directly drive at least one-fifth of China’s industrial carbon output. But that doesn’t fully account for the indirect, carbon-polluting oil-driven supply chain that takes oil and gas out of the ground in the Middle East and ships it to China, where it is burned for fuel and manufactured into hydrocarbon-based plastic products. Those products get shipped overseas to ports on the West and East Coasts of the United States before being trucked to retail outlets and home shoppers around the country, with CO2 produced every step of the way. Even worse, China’s mass production of hydrocarbon-based plastic for the U.S. market helps sustain the global oil industry’s heavily subsidized business model.

China’s carbon production is also indirectly subsidized by the U.S. military, which is the de facto guarantor of the international oil economy and, specifically, of oil and gas shipments from U.S. partners in the Persian Gulf to China. The U.S. Navy’s Bahrain-based Fifth Fleet, among other military assets, ensures the free flow of hydrocarbons into China’s fossil-fueled factories. In 2020, according to World’s Top Exports, nearly “half (47.1 percent) of Chinese imported crude oil originated from nine Middle Eastern nations,” with U.S.-protected Saudi Arabia atop the list of China’s main oil providers. The U.S. is ninth on the list. In 2020, the U.S. and its staunch allies in the United Arab Emirates and oil-rich Norway were the only countries increasing oil exports to China’s carbon-generating industrial sector, while the rest saw declines.

[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.

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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.

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Gas Turbines Market - Forecast(2024–2030)

Gas Turbines Market Overview:

Over the past few years gas turbines have witnessed exponential growth due to the technological advances that have resulted in the design and development of highly efficient gas turbine units. Gas turbines are used in diversified services from jet engines and simple mechanical drives on land, sea and air to sophisticated gas lasers and supersonic wind tunnels. In the aerospace applications these units are referred to as jets, turbojets, turbofans, and turboprops. In land and sea based applications these units are referred to as mechanical drive gas turbines. Gas turbines are increasingly being used in power plants both in the utility and power sectors for their tremendous energy producing capacity, compactness, inherent flexibility, high performance, operational availability and multiple fuel capability. Aerospace sector seems to be the most promising sector in future due increasing investments in manufacturing and migration across various regions.

Sample Report:

The gas turbines market is scrutinized by segments including design type, capacity, technology, application and geography. Based on technology in accordance to the operation cycles, the market is segmented into combined cycle and open cycle. The report also comprises of the region wise study of the global market including Americas, Europe, Asia-Pacific and Rest of the World.

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Amongst the applications, aerospace has the highest CAGR of 4.78% for the forecast period 2017 to 2021. Industrial turbines held the major share in gas turbines market for 2016, during the forecast period of 2017 to 2021. Escalating demand less GHG emissive fossil fuel for power generation is propelling the growth of gas turbines market.

Decarbonization and Hydrogen Integration: There is a strong push for cleaner energy solutions, with gas turbine manufacturers focusing on hydrogen-enabled turbines to reduce carbon emissions. Companies like GE and Mitsubishi are developing turbines capable of burning hydrogen, supporting the transition to greener energy​

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Growth in Combined Cycle Power Plants: Combined cycle gas turbine (CCGT) plants, which combine gas and steam turbines to improve efficiency, are becoming more popular. These plants can achieve higher efficiency rates (over 60%) compared to simple-cycle gas turbines and are seeing increased adoption​

Rise of Aero-Derivative Gas Turbines: Originally developed for aviation, aero-derivative gas turbines are becoming increasingly important in power generation and marine applications due to their lightweight design, faster start times, and ability to handle variable loads​

Digitalization and Predictive Maintenance: Digital tools, including AI and IoT technologies, are being integrated into gas turbine systems for real-time monitoring and predictive maintenance. This enhances operational efficiency and reduces downtime by predicting failures before they occur​

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Growing Demand in Developing Regions: While North America and Europe remain important markets, the highest growth is expected in regions like Asia-Pacific and the Middle East due to increasing energy demands and industrialization. These regions are focusing on transitioning from coal to natural gas, which boosts demand for gas turbines

Sample companies profiled in this report are:

Siemens AG

General Electric Company

Solar Turbines

Ansaldo Energia

10+

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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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Detailed Report on Europe Second-Life EV Batteries Market | BIS Research

Second Life EV Batteries refer to electric vehicle (EV) batteries that are repurposed for secondary applications after their capacity has diminished to the point where they are no longer suitable for automotive use, but still retain sufficient performance for less demanding tasks. 

Second life EV batteries contribute to sustainability by extending the useful life of the battery, reducing waste, and lowering the environmental impact of battery production.

According to BIS the  Europe Second-Life EV Batteries Market, was valued at $164.8 Million in 2023, and it is expected to grow with a CAGR of 8.19% during the forecast period 2023-2033 to reach $361.9 Million by 2033. 

Europe Second-Life EV Batteries Overview 

As electric vehicles (EVs) become more prevalent, the management of their batteries once they can no longer efficiently power vehicles has gained attention. After several years of use, typically 8-10, an EV battery’s capacity can decline by about 20-30%, making it less suitable for driving

Instead of being recycled or discarded, these batteries can be reused in less demanding, stationary applications, such as:

Grid Energy Storage

Home Energy Storage 

Backup Power Systems 

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Second-life batteries are those that are repurposed for new applications after completing their primary lifecycle. Although these batteries retain approximately 70-80% of their capacity after their automotive life ends, they can be effectively utilized in stationary systems, especially when paired with renewable energy sources such as wind and solar, or to support the electricity grid.

Have a look at our sample page here !

Applications for  Europe Second-Life EV Batteriess 

Industrial Gas Transport 

Energy Sector 

Chemical Industry 

Medical Gas Distribution 

Food and Beverage Industry 

 Europe Second-Life EV Batteriess have transformed the economics of gas transportation. These containers' modular design enables modification based on unique transport requirements, maximizing space usage and lowering shipping costs.

Furthermore, the use of new materials and technology in MEGC manufacture has resulted in lighter but stronger containers, boosting fuel economy and lowering transportation's carbon impact.

Key Players In the  Europe Second-Life EV Batteries Market 

ASML

Zeiss Group

TOPPAN Holdings Inc.

NTT Advanced Technology Corporation

KLA Corporation

Ushio Inc

SÜSS MicroTec SE

AGC Inc.

Lasertec Corporation

Market Segmentation 

By Application - Non-Automotive Segment to Dominate the Europe Second-Life EV Batteries Market 

The application of second-life EV batteries in non-automotive sectors is crucial in the Europe market, particularly for power backup, grid connection, and solar energy storage. These batteries optimize energy storage performance and longevity by efficiently managing states such as voltage, temperature, and charge status. 

By Battery Type - Lithium-Ion Segment to Dominate the Market (by Battery Type)-

 Lithium-ion batteries dominate the Europe second-life EV batteries market due to their exceptional performance and reliability. Renowned for their high energy density, lightweight, and long cycle life, Li-ion batteries are ideal for secondary applications such as energy storage systems, grid support, and renewable energy integration.

Market Drivers 

Growing EV Adoption 

Demand for Energy Storage 

Environmental Regulations and Sustainability Goals 

Resource Scarcity and Battery Management Supply Chain 

Visit our Next Generation Fuel Energy Storage Vertical Page here! 

Recent Developments in the Europe Second-Life EV Battery Market

• In May 2024, Connected Energy Ltd.'s launch of an online calculator marks a strategic move to empower stakeholders in the EV ecosystem. By providing a tool to evaluate the integration of battery energy storage systems with EV charging infrastructure, the company enhances decision-making capabilities for fleet depots, charging hubs, and dealerships. •  In May 2024, STABL Energy GmbH, known for its scalable industrial battery storage solutions, partnered with NOVUM Engineering, leveraging NOVUM's AI-based battery diagnostics expertise. This collaboration aims to repurpose high-quality automotive batteries, enhancing energy efficiency and sustainability. By optimizing battery storage systems through innovative technology, this partnership underscores STABL Energy's commitment to advancing sustainable energy solutions.

Conclusion 

Second life EV batteries represent a significant opportunity in the global push for sustainability and renewable energy adoption. By repurposing batteries that are no longer suitable for electric vehicles, industries and consumers can benefit from cost-effective energy storage solutions that extend the life cycle of valuable resources, reduce waste, and support the growing demand for energy storage systems. 

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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

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Editor's note: This report is the first in a series on “Europe’s energy transition: Balancing the trilemma” produced by the Brookings Institution in partnership with the Fundação Francisco Manuel dos Santos.

Providing a stable energy supply is often described in terms of a “trilemma”—a balance between supply security, environmental sustainability, and affordability. Of the three pillars of energy supply, security is the easiest to take for granted. Supply seems fine until it isn’t. Security of fossil fuel supply is particularly easy to ignore in countries that are striving to greatly reduce their fossil fuel consumption for climate reasons. The political focus is on building renewable energy and zero-carbon systems, and mitigating the economic, social, and political costs of transition; the thought was that the existing system would take care of itself until it was phased out. This was the case for much of Europe until two years ago.

Russia’s full-scale invasion of Ukraine on February 24, 2022, shocked Europeans into realizing that they could no longer take the security of their fossil fuel supply for granted. The assumption had been that Europe and Russia were locked into a mutually beneficial, secure relationship, since Europe needed gas and Russia had no infrastructure to sell that gas anywhere else. That belief turned out to be wrong. 

When the war began, Europe was importing a variety of energy products from Russia, including crude oil and oil products, uranium products, coal, and liquefied natural gas (LNG). But the Kremlin’s sharpest energy weapon was natural gas, delivered by the state-backed gas monopolist Gazprom via pipelines and based on long-term contracts. Europe needs gas for power generation, household heating, and industrial processes.

Before the invasion, more than 40% of Europe’s imported natural gas came from Russia, its single largest supplier, delivered via four main pipelines. Some European countries relied on Russia for more than 80% of their gas supply, including Austria and Latvia. But Germany was by far Russia’s largest gas customer by volume, importing nearly twice the volume of Italy, the next largest customer. “Oil and gas combined account for 60% of primary energy,” wrote the Economist in May 2022, “and Russia has long been the biggest supply of both. On the eve of the war in Ukraine, it provided a third of Germany’s oil, around half its coal imports, and more than half its gas.”  

This paper launches a project on European energy security in turbulent times by analyzing the European response to drastically reduced supplies of Russian pipeline gas. Future papers in the series will delve more deeply into specific aspects of European energy security and their policy implications. 

Russia’s actions to cut off gas supply to Europe starting in May 2022 were particularly virulent because it was extremely difficult to cope with the loss of such a large volume of gas. Other regional sources of pipeline gas (e.g., from the North Sea) have been declining and key sectors of European industry (e.g., chemicals) depend on gas as their primary energy source. LNG is a potential substitute for pipeline gas, but it requires specialized infrastructure and global LNG markets were already tight, with much of the world’s supply going to Asia.

The story of Europe’s adjustment to its main supplier of natural gas turning off the taps is generally told in heroic terms: with the continent securing new supply, conserving or substituting (often with generous government subsidies for industry and/or consumers) in order to weather the storm, and throwing Russia’s weaponization of gas back in its face through declining revenues. This narrative is not false, and the scale and speed of the response would certainly have been politically unimaginable before the invasion. But the self-congratulatory tale masks the fact that there were substantial regional differences in both energy supply and response to the crisis, which will make it difficult to generate a Europe-wide political response in the future. 

Even more importantly, the decoupling is by no means complete. Overall, in 2023, Europe still imported 14.8% of its total gas supply from Russia, with 8.7% arriving via pipelines (25.1 billion cubic meters or bcm) and 6.1% as LNG (17.8 bcm). (For comparison, during the first quarter of 2021, 47% of Europe’s total gas supply came from Russia, 43% via pipeline and 4% as LNG.)This means that the handful of member states that have not been able to or have not chosen to reduce their dependency remain highly vulnerable to Russia’s weaponization of energy imports. 

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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

Order a free sample PDF of the Nanocellulose Market Intelligence Study, published by Grand View Research.

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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.

[tushar38]

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.

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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.