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Solar Power

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Wave and Tidal Energy

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Wind Power

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Hydropower

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Biomass Energy

Thursday, February 28, 2019

Floating Solar Panels Market To Reflect Impressive Growth Rate By 2025 | Grand View Research, Inc.

February 28, 2019

The global floating solar panels market is expected to reach USD 2.70 billion by 2025, according to a new report by Grand View Research, Inc. The technology is expected to witness significant growth over the forecast period owing to rising demand for reliable renewable power generation. Furthermore, the ability to mitigate land cost is expected to favor demand over the projected period.
The growing focus of various governments towards the use of renewable energy for power generation coupled as well as lower environmental pollution by reducing the dependence on fossil fuels is expected to have a positive impact over the projected period.
Declining panel cost leading to lower per unit cost of generation is a key factor promoting the use of solar technology for power generation. Furthermore, lack of availability of suitable land for installation coupled with its ability to lower the impact of evaporation is a key factor driving the market over the forecast period.
Japan floating solar panels market revenue, by product, 2014 - 2025 (USD million)
         Japan floating solar panels market
Further key findings from the report suggest:
  • The penetration of stationary floating solar technology is expected to grow, particularly in developing and emerging economies owing to the low cost of installation as compared to its counterpart.
  • Tracking floating solar panels are expected to grow over the next nine years owing to the increased efficiency of the panels with tracking technology. The growing R&D investments by the installers and panel manufacturers to reduce the cost of this particular technology are likely to bolster market growth.
  • Japan accounted for over 75% of the overall revenue share in 2015 owing to the low availability of land and favorable initiatives taken by the government to promote the use of renewable sources of energy. In addition, the industry is expected to grow substantially on account of the numerous plans sanctioned by the Japanese government.
  • Europe is one of the leading installers of the technology owing to the rising market penetration in the UK with around six plants and an installed capacity of over 10,000 kW of the overall installations in Europe.
  • Key players in the industry include Kyocera Corporation, Trina Solar, Sharp Corporation and Yingli Solar. Ciel & Terre is expected to be the largest installer of floating panels across the globe. The company accounts for over 50% of the overall floating panels installations.

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Solar Trackers Have The Ability To Increase The Direct Exposure By Around 20% - 30%

February 28, 2019

The global solar tracker market is expected to reach 26.77 GW installed capacity by 2025, according to a new report by Grand View Research, Inc. Rising demand for renewable energy in developing countries is expected to drive demand for the solar tracker. The product exhibits the ability to generate electricity in the same amount of space needed for fixed-tilt systems which make them an ideal product for optimum land usage. Solar trackers have the ability to increase the direct exposure by around 20% - 30% as they improve the precision in sunlight tracking. The major restraining factor is the high costs involved in the installation of solar trackers.
Prevalence of supporting regulations in North America is expected to be a key factor responsible for the high growth. Reduction in feed-in tariff rate has hampered market growth, however, the incentive schemes under the Italian legislative regime, highest global subsidies for RES (Renewable Energy Sources) is expected to drive market demand.
          Spain solar tracker market, by technology, 2014 - 2025 (Megawatt)
    Spain solar tracker market
Further key findings from the report suggest
  • Solar PV is the largest segment in the market growing at CAGR of over 18% in terms of capacity from 2016 to 2024 on account of simplicity in design and cost-effectiveness of the technology
  • The demand for dual axis trackers is expected to grow rapidly at a CAGR of 18.7% from 2016 to 2024. The demand is driven by their ability follow the sun both horizontally and vertically.
  • The demand from utility application is expected to grow at a significant CAGR reaching over 23.84 GW in 2025. These trackers are majorly used in wide areas, and therefore, it is more favorable to install them for large scale projects.
  • The European capacity was 1.85 GW in 2015 and is anticipated to witness significant rise on account of numerous installations in France, Spain, Italy, Greece, and Germany.
  • In April 2015, SunPower Corporation announced its plans to partner with Apple to construct two solar power projects totaling 40 MW in Qiang Autonomous Prefectures and ABA Tibetan, Sichuan Province in China.
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Air Core Drilling Market Is Anticipated To Reach USD 1.45 Billion By 2025: Grand View Research, Inc.

February 28, 2019

The global air core drilling market value is anticipated to exceed USD 1.45 billion by 2025, according to a new report by Grand View Research, Inc. Rising investment in E&P activities across various unconventional energy sources to meet growing energy demand is expected to drive the market over the next nine years.
Air core drilling is widely used in soft rock and soil formations that do not need heavy machinery to drill to the desired depth. The samples produced are not damaged and can be easily analyzed which makes this method better thanrotary air blast drilling.The techniqueis primarily used by mining companies which are looking for minerals that are well below the surface as it can reach depths up to 300 meters.
Additional benefits of this method include instant switch between complimentary drill bits, continuous sample returns, and reduced times in moving between boreholes which maintain the ore grade of the mineral samples.
Air core drilling takes longer time than other conventional techniques as the process is more accurate.In addition,the technique functions at water devoid, mature geographical areas and hydrogen sulfide zones which is anticipated to limit its usability. 
           Global air core drilling market by application, 2014 - 2025 (USD Million)
      Global air core drilling market
Further key findings from the report suggest:
  • The global air core drilling demand exceeded USD 900 million in 2015 and is estimated to grow at a CAGR of 5.0% from 2016 to 2025
  • Nitrogen membrane drillingis anticipated to grow at the highest CAGR of 5.7% from 2016 to 2025 owing to the ability to reduce chances of down hole fires and operating costs.
  • Dust drilling demand in the U.S. is estimated to exceed USD56.3 million by 2025. High demand for this technique may be attributed to a large number of mature sedimentary basins in the country.
  • The Asia Pacific air core drilling industry is expected to grow at the highest CAGR of 5.9% from 2016 to 2024 owing to alarge number of upcoming E&P projects and the presence of huge untapped hydrocarbon reserves.
  • Key players include Schlumberger, Atlas Copco, Baker Hughes, Weatherford, Allis Chalmers and Halliburton
  • Harlsan is one of the primary suppliers of RC drill rods and air core bits to major mining players present in Asia, Africa,Canada,UK, and South America. Airdrill manufactures drilling and auxiliary equipment for oil&gas and mining industries

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BIPV And BIOPV Market Value Worth To Reach $31.14 Billion By 2024: Grand View Research, Inc.

February 28, 2019

The global BIPV and BIOPV market size is expected to reach USD 31.14 billion by 2024, according to a new report by Grand View Research, Inc. Rising adoption of energy generation by renewable sources without comprising on the aesthetic appeal of buildings is expected to drive growth over the forecast period.
Increasing demand for integrated installations is expected to be driven by the growing disposable income of the consumers. In addition, rising concerns regarding averse environmental impact due to the use of non-renewable energy sources are likely to account for the growth of the industry over the next eight years.
The industry has witnessed increased adoption of the environment-friendly energy sources by the multi-national corporations to limit the carbon footprints. In addition, growing subsidies and tax reductions offered by the national governments is expected to bolster the demand for the product.
The demand for the product has stemmed from the increased adoption of the integrated roofs, walls and windows owing to superior aesthetic properties. In addition, the industry has witnessed increased efforts towards the research & development activities leading to the development of magnetic nanoparticles incorporated solar cells, leading to an enhanced efficiency of the overall installation.
         Germany BIPV market revenue, by technology, 2013 - 2024 (USD Million)
Germany BIPV market
Further key findings from the report suggest
  • Building integrated roofs accounted for over 61% of the overall revenue due to superior efficiency of the roof-integrated systems. In addition, improved aesthetic appeal coupled with the ease of the integration of the solar energy harnessing systems for rooftop installations.
  • Thin-film building integrated photovoltaics is expected to witness highest CAGR of over 20% from 2016 to 2024 due to superior integration with the building envelopes in comparison to the crystalline silicon.
  • The thin film is expected to grow owing to significant technology advancements leading to improved performance efficiency as well as superior aesthetic appeal as compared to its counterparts.
  • The market in Asia Pacific is expected to account for USD 7.48 Billion by 2024 due to increasing demand for the technology from the rapidly developing building and construction industry in the region.
  • The companies in the market are involved in significant research & development activities to produce advanced products, in a bid to increase the market share. Heliatek GmbH introduced the organic building integrated photovoltaic cells, with high band gap resulting in superior efficiency.
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Offshore Wind Energy Foundation Segment Is Expected To Witness Revenue Growth At A CAGR of 14.9% from 2016 to 2024

February 28, 2019

The global wind energy foundation market is expected to reach USD 241.14 billion by 2024, according to a new report by Grand View Research, Inc. Increasing concerns over depleting petroleum resources has resulted in influencing growing demand for renewable energy. Increasing global population and industrialization have become major factors for moving towards non-conventional resources.
Wind energy is gaining momentum over the past few years on account of major capacity additions owing to the declining prices. Recently there have been dramatic reductions in costs on account of increasing research and development. Growing demand for expansion of electricity generation and access is expected to be a major driver for the industry over the forecast period.
Climate change and global warming are major factors responsible for the increasing focus on wind power and harnessing this power for the future generations. The demand for wind energy foundation was USD 73.46 billion in 2015.Approximately 100 countries have managed to build several commercial wind farms.
Strong government initiatives and subsidies for the development of renewable energy is expected to be crucial factor for growth of the industry over the forecast period. The Paris agreement of 2015 was a major step in moving towards harnessing sustainable and clean energy.
Global wind energy consumption estimates and forecast, 1990 - 2030 (Quadrillion Btu)
Global wind energy consumption  

Further key findings from the report suggest:
  • Offshore wind energy foundation segment is expected to witness revenue growth at a CAGR of 14.9% from 2016 to 2024. Offshore wind turbines have large power capacities and are now being installed even in deep water.
  • In the offshore category, mono-pile foundation accounted for 35.6% of the global market share in 2015 and it was the largest in offshore category. Increasing need to secure energy security and growing concerns about onshore wind farms is a major factor propelling expansion.
  • Onshore wind energy foundation market was valued at USD 52.01 billion. The onshore category has dominated the foundation market over the past several decades owing to reasonable cost for installation.
  • Asia Pacific market was valued at USD 27.45 billion in 2015 and will witness significant gains over the forecast period on account of continuous increase in installation capacity in countries such as China, India and Japan.
  • North America is a major market for foundations owing to the availability of best wind resources coupled with low prices as compared to other countries. Countries such as Brazil will open present new opportunities for propelling growth over the forecast period.
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Waste To Energy Market Is Estimated To Be Valued At $43.96 Billion By 2024: Grand View Research, Inc.

February 28, 2019

The global waste to energy (WTE) market is expected to reach USD 43.96 billion by 2024, according to a new report by Grand View Research, Inc. Stringent waste management regulations particularly in Europe and in the U.S. coupled with the rise in concern to improve the waste management systems is expected to remain a key driving factor for global waste to energy market. The shift in focus towards energy generation through alternative routes is also expected to shape the industry structure. 
Emerging economies such as India and China has been witnessing a sharp increase in energy demand on account of rapid industrialization and urbanization which has prompted energy producers to look for alternative energy sources. Since these countries generate a lot of industrial waste, they have become high potential markets for WTE technologies and are expected to provide ample opportunities to companies involved. 
Companies such as China Everbright International Ltd. and Babcock & Wilcox Enterprises, Inc.have adopted acquisition strategies to enhance their waste management services. Most of the companies have tie-ups with local municipal solid waste providers for the distribution of waste sources.
        Global waste to energy (WTE) market revenue by technology, 2014 - 2024
Global waste to energy (WTE) market
Further key findings from the report suggest:
  • Thermal segment dominated the waste to energy technology in 2015 and accounted for over 80% of the total market revenue
  • Processing of non-recyclable materials to produce electricity, heat, and fuel on account of less environmental impact is expected to boost the thermal technology market
  • Thermal technologies including incineration, gasification, and pyrolysis are expected to lower the carbon emissions which in turn would lead to increase in the implementation of these WTE technology
  • Biological segment is expected to grow at a significant rate of 9.4% over the forecast period
  • Rising investment in waste to energy plant facilities, development and R&D of technologies is expected to propel the market over the coming years
  • Major companies identified in the WTE market include Waste Management Inc., Covanta Energy Corporation, C&G Environmental Protection Holdings Ltd., and China Everbright International Ltd. among others.
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