Ever increasing demand for electricity coupled with government policies promoting the use of renewable source of energy can have the positive impact on the global solar energy market. Being abundant in nature the solar energy acts as a long-lasting and clean energy source of energy that can prove an effective alternative to the current non renewable sources such as coal, oil and gas.
Today, the solar energy emitted from the sun can be harnessed using the technologies such as solar photovoltaics, solar heating, solar thermal electricity and artificial photosynthesis. Government support in the form of tax benefits and subsidies can further lead to the growth of the solar energy market in the near future. The growth of the solar industry especially in the developing economies such as China and India has opened new avenues for the solar energy market. Rapid industrialization coupled with lack of fossil fuel reserves (Oil and Gas) in countries such as India and Japan can create a surge in the demand for the solar energy harnessing devices in these countries.
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The solar energy market can be segmented on the basis of technology used for the purpose of capturing and harnessing the solar energy, applications, end user industry and geography. Solar energy can be harnessed using the technologies such as solar photovoltaics, solar heating, solar thermal electricity and artificial photosynthesis. The solar radiations emitted from the sun can be captured by using either active or passive solar technologies. An active solar technology makes the use of solar panels and solar thermal collectors to collect the infra red radiations emitted by the sun. The passive solar technology captures solar radiations by using a material with favorable light dispersing properties. Solar energy harnessed from the sun can be used for the purpose of space heating, water heating, cooking, water treatment and producing electricity. Today the solar energy can be used in the residential, commercial and industrial sectors.
As electricity production is the foremost application of the solar energy therefore, the regional segmentation of the solar energy market can be done by identifying the major countries involved in the production of electricity using the solar energy. Major countries include the United States and Canada in North America; China, India, Taiwan, Japan, Thailand, South Korea and Australia in Asia Pacific; Germany, Spain, Italy, Czech Republic and France in Europe; Rest of the World includes the countries from Middle East and Africa (MEA) and the Latin America.
Rapid industrialization, stringent government regulations towards the use of environment polluting fuels, government incentives in the form of tax benefits and subsidies and effective utilization of barren land for the purpose of installation of utility scale solar power projects are the major driver to the solar energy market. Advancement in the solar cell technologies enabling higher solar to electric conversion efficiencies is another factor that has positively affected the solar energy market. Economic meltdown in the European countries leading to government decisions toward reducing the subsidies is one of the major restraints to the solar energy market. Untapped equatorial regions in Africa and Latin America can act as the opportunities for the new and existing companies in the solar energy market.
Some of the key players in the solar energy market include companies such as Yingli Solar, First Solar, Inc., Suntech Power Holdings Co., Ltd., Trina Solar Limited and Sharp Corporation.
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Nuclear power technology has been adopted as a source of power generation by many industrialized economies. Several developing countries have also developed plans to expand their energy portfolio by adapting nuclear technology for power generation. The components installed in a nuclear power plant are similar to those of a conventional fossil-fueled power plant, except that fission process is used instead of the combustion process. Uranium is the most common material utilized and energy released from uranium in the form of heat and radiation is used to generate electricity in the nuclear power plant. However, after the nuclear accident at the Fukushima power plant there have been many controversial views regarding safe deployment of nuclear power technology. Despite decisions by some countries to phase out nuclear energy, the market for nuclear power is expected to grow at a substantial rate. Many new nuclear reactors are planned, especially in China and Russia.
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The decreasing fossil reserves and the need to reduce import bills are encouraging national governments and energy companies to invest in nuclear power market. The major consuming centers of the world are dependent on imported fuel sources from foreign nations. The urge to reduce this dependency on imports is attracting investment in nuclear power market. Nuclear power plants can be highly efficient when compared to thermal power plants, thus the demand for efficient systems is also attracting investment in this market. Countries such as France produce a major share of their electricity from nuclear power which proves that nuclear power is an economic alternative to conventional power plants. Nuclear technology does not burn fossil fuels and consequently do not liberate polluting gases which makes this technology attractive while fulfilling emission standards in a country. However, nuclear power is still considered a controversial technology for power generation. Many drastic accidents such as the Chernobyl incident in 1986, has led to the death of people working in nuclear facilities. High costs associated with storing and monitoring the radioactive waste material acts as a major restraint for the growth of the market.
The nuclear power market can be segmented based on water reactors utilized in nuclear power generation. The four broad segments are Generation I technology, Generation II technology, Generation III technology and Generation IV technology. These technological segments can be further sub-divided based on water reactor technology. Currently, Generation III technology is the most is the most widely installed technology employed in nuclear power generation. However, Generation IV technology is being developed in several countries which aim to establish sustainable nuclear power growth.
North America is the leading region in the nuclear power market and currently, many large scale plants are installed in the U.S. The stringent environmental regulation in Europe has encouraged many countries to invest in nuclear power market. Countries such as France, Spain and Germany have heavily invested in this technology in the past. Russia plays an important role in further development of nuclear technology. Many new nuclear power reactors are planned and the country is intensively investing in wide spread adoption of this technology. Asia Pacific is the fastest growing market in this segment with China leading the growth in this region. The Chinese government has planned many new nuclear installations to reduce their dependency on imported coal, for power generation. Korea, India and Taiwan are also expected to increase investments in nuclear power generation technology.
Some of the major companies involved in the nuclear power market are Bruce Power, China General Nuclear Power Corporation, CEZ Group, E.ON SE, and Nukem GmbH.
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Oil shale generally refers to any sedimentary rock that contains solid bituminous materials that are released as petroleum-like liquids after heating by chemical process of pyrolysis. Oil shale is formed by deposition of organic debris and silt on lake beds and sea bottoms. Over a long period of time, this material is transformed into sedimentary rock by heat and pressure. Oil shales are rich in oil content and can be burned without any additional processing.
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With depletion in natural resources, the oil shale market is growing in demand due to large availability of deposits in the world, mainly found in America. Increasing oil prices, energy security, and economic benefits are some important factors driving the growth of the oil shale industry.
Earlier, oil shale was used as a fuel and source of oil in smaller quantities; however, currently few countries are employed in the business of producing oil from oil shale at a significant commercial level. However, the process of extracting oil from oil shales is much costlier compared to conventional pumped oil and this is the major challenge faced by the oil shale industry.
Governments of many countries are employing sufficient man power and undertaking research to bring down the overall cost and better the extraction technology.
The oil shale market research report provides complete analysis of this market based on important market segments and major geographies. It is a comprehensive analysis of current market trends, future market projections, industry growth drivers, restraints, and industry structure. Report also includes analysis of technological advancements in industry, Porter’s five force model analysis, and detailed profiles of top market players. It provides review of micro and macro factors significant with respect to existing market players and new entrants with value chain analysis.
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Long-term promise and potential for renewable energy sources remains vast. But the reality of current renewable technologies and the plain fact that today’s utilities and their users demand constant availability means that fossil fuels are here to stay for a while longer as a base generation source. However, that does not mean that renewable have to take a back seat in the evolving power-generation market. There are strategies for renewable integration that utilities and power-generating companies should consider implementing that expand the value and functionality of renewable. The advancements in hybrid configurations, leverage renewable sources so they can make increased energy contributions far exceeding previously envisioned limits. The intelligent, strategic use of hybrid systems (fossil fuels and renewable energy) significantly lowers fuel consumption, which improves operating economics and curtails emissions.
The high quality of exhaust heat from such generators can also be harnessed for heating purposes. Such power plants are usually employed for providing electricity grid relief and power supply during peak consumption hours. However with technological advancements these plants are now also being utilized for supplying base loads. Very fast startup times for these plants also provide opportunities for using them as backup generation for emergencies. With shale gas and coal bed methane being considered as valuable sources of energy for the future, and the fact that renewable sources of energy are unending, the opportunities of this market are substantial. Certain factors like increasing cost of both oil and natural gas as well as increased prices of renewable capture components (e.g. solar panels) in most nations may prove to be barriers to growth. However demand for hybrid generation is not likely to slow down in the near future specially in OECD countries.
There are many ways in which such generators can be used for generation of electricity and other forms of useful energy. Hybrid turbines for electricity generation may be segmented based on the combination of equipment used to generate energy, for instance diesel generators combined with wind-generated energy. Such turbines can also be segmented on basis of feedstock consumed for generating power. The fuels that may be considered are natural gas, fuel oil, kerosene and diesel as fossil fuels and wind energy and solar energy as renewable.
Majority of plants using theses turbines are clustered around regions where fuel to run them are abundantly available. However with global trade of oil and natural gas growing and peak demand problems becoming more acute more nations are opting for such power plants. China is emerging as the leading energy consumer of the world thus increasing the prospects of using this source of generation in the Asia Pacific region. Also contributing to installations is Japan which has begun replacing nuclear generation after the Fukushima disaster, with natural gas-based hybrid generation. In the OECD countries the majority chunk of thermal generation comes from such power plants. Use of such power plants is predominant in Middle Eastern, Eurasian and North American regions. The regional segmentation for these turbines can be done based on North American, Middle Eastern, Asia Pacific and rest of the world (ROW) regions.
Some of the key players in this industry include NYE Thermodynamics Corporation, Mitsubishi Power Systems Europe Ltd., Siemens AG, Doosan Heavy Industries & Construction Co. Ltd., and MJB International.
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Effective lubrication systems form an essential component of any lubrication program by enabling customers to reduce consumption and energy consumption. Lubrication systems provide essential amounts of lubricants to minimize friction and wear & tear in moving parts of machinery. These systems are widely used in industrial applications to improve the productivity and reliability of machine parts. With the advancement of technology several monitoring and controlling systems have been developed which assists in further increasing the reliability and performance of lubrication systems. Essential parts within lubrication systems such as lubricant reservoirs and lubricant injectors are generally monitored by alarm systems. When the lubricant reservoir decreases or any unwanted flow trend in noted an alarm signal is sent to the main controlling room. The market for lubrication systems is anticipated to grow at a substantial rate owing to its increasing usage in industrial and automotive applications.
The rapid industrialization in developing economies and requirement of efficient lubrication systems in automobiles are the major drivers for the lubrication systems market. Moreover, the reduction in the wear and tear losses on use of lubrication system is another factor driving the lubrication system market. The use of lubrication systems reduces the cost involved in damage repair of the machine parts. Energy efficiency initiatives taken by industrial groups and environmental regulations are also essential driving forces attracting investment in this market. Lack of awareness about the presence and benefits of the lubrication systems among the end users is one of the major restraints of lubrication systems market. Increasing industrialization especially in Asia Pacific countries such as China, India and Indonesia can act as the opportunity for the lubrication systems market.
The segmentation of the lubrication systems market can be done on the basis of type, technology, end user industry and geography. On the basis of type the lubrication systems market can be categorized as manual, centralized and automated systems. The centralized and automated lubrication systems are the dominant segments in this category. On the basis of technology the lubrication systems can be divided into dual line lubrication systems, single shot oil lubrication systems, progressive lubrication systems, gear spray lubrication systems, conveyor lubrication systems and multipoint lubrication systems. Major end users of lubrication systems include industrial machines, cement industry, steel and paper industry, automobile, power and energy industries. The use of lubrication systems by these industries protect their machineries against the wear and tear caused due to the friction amongst the components.
Currently, Europe is the major market for lubrication systems. The energy efficiency measures and environmental regulations announced by industrialized nations in this region is a major factor attracting investment in the lubrication systems market. Several major automobile companies also operate in Europe which further drives investments in this market. North America also occupies a significant market share of the global lubrication system market. The expanding industrial economies of Asia Pacific are potential markets for the lubrication system market. The growing demand of lubrication systems from the automobile and the mineral processing segment is also anticipated to account for a significant portion in Asia Pacific. Industrialization activities in Latin America and Africa also provide growth opportunities to the lubrication systems market.
Some of the key players in the lubrication system market include companies such as Cenlub Systems, SKF, Dropco Multilub Systems Private Limited, and Lincoln Industrial Corp.
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