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Industrial Wastewater Treatment Market worth US$ 140 Bn by 2027

Industrial Wastewater Treatment Market: Key Highlights

  • The global industrial wastewater treatment market was valued at around US$ 89 Bn in 2018, and is anticipated to expand at a CAGR of more than 5% during the forecast period.
  • The power end-use industry segment accounted for a prominent share of the global industrial wastewater treatment market in 2018. This led to an increase in the adoption of industrial wastewater treatment in the power industry in 2018.
  • The Asia Pacific industrial wastewater treatment market is anticipated to be one of the high-growth regions of the global industrial wastewater treatment market, led by the rise in scarcity of freshwater sources and increase in water pollution.

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Key Drivers of the Industrial Wastewater Treatment Market

  • Rise in water pollution has resulted in a decline in the availability of freshwater for drinking and other human consumption purposes. Increasing scarcity of freshwater sources, rise in pollution, and industrialization have led to a water crisis across the globe, especially in developing and under-developed nations. Wastewater treatment and reuse of recycled water in industries can lower the pressure on existing freshwater sources from industrial applications. This can boost the availability of water for other purposes.
  • Increase in awareness about the environment and rising water scarcity have compelled authorities to implement stringent rules and regulations regarding industrial wastewater treatment across the globe. Countries are compelling industries to focus on wastewater treatment and recycling in order to reduce the burden on water sources.
  • Regulatory authorities are now making it essential for industries to opt for zero liquid discharge (ZLD) in order to recover 95% to 99% of water from waste streams, and reuse the water for industrial applications. The implementation of new technologies such as Forward Osmosis (FO) membranes and electro-separation systems in the field of ZLD presents new opportunities for the industrial wastewater treatment

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Cooling Tower Application Segment to Gain Momentum in the Industrial Wastewater Treatment Market

  • In terms of application, in the industrial wastewater treatment market, the boiler feed water segment constituted a prominent share of the global industrial wastewater treatment market in 2018. Boilers find application in almost every industry, either for power generation or steam generation, or for both. However, the cooling towers segment is anticipated to expand at a rapid pace during the forecast period.
  • The power end-use industry segment dominated the global industrial wastewater treatment market in 2018. However, the paper & pulp segment is estimated to expand at a rapid pace during the forecast period. The paper & pulp industry consumes large quantities of water. It also generates vast quantities of wastewater. Water is a major raw material in the pulp & paper industry; therefore, treating wastewater and reusing it can significantly lower the dependency of the industry on other sources of water.

Asia Pacific Dominates Global Industrial Wastewater Treatment Market

  • The industrial wastewater treatment market in Asia Pacific was a key part of the global industrial wastewater treatment market in 2018, primarily owing to the scarcity of freshwater sources and rise in water pollution.
  • The industrial wastewater treatment market in the region is anticipated to expand at a rapid pace during the forecast period. This can be primarily ascribed to the increase in environmental regulations regarding industrial wastewater in the region, especially in developing countries such as China and India. These countries are anticipated to lead the industrial wastewater treatment market in the region in the near future.

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Global Industrial Wastewater Treatment Market – Key Developments

  • In December 2018, Alfa Laval won a ballast water treatment order worth SEK 95 Mn in Turkey. The order comprised 33 Alfa Laval PureBallast 3 systems, including deckhouses and a service agreement. The customer, Advantage Tankers & Advantage Products, is one of the most prominent ship owners in Turkey. Ballast water systems are expected to be installed throughout its fleet.
  • In December 2018, Kraft Heinz China selected Veolia Water Technologies to a provide wastewater treatment solution for its new soy sauce plant in Guangdong, China. The implementation of Veolia’s technologies at Kraft Heinz’s new plant in Guangdong would enable it to meet stringent national and provincial discharge standards. Veolia would provide its AnoxKaldnes Biological Activated Sludge (BAS) solution at the Kraft Heinz Yangjiang factory. This solution is optimally designed to provide a volumetric loading capacity that is up to three times higher than conventional activated sludge. This would allow Kraft Heinz to cope with an overall higher organic load than conventional activated sludge processes, while requiring a relatively small footprint.
  • In May 2018, SUEZ and Rosneft signed a strategic cooperation agreement to improve water & waste programs across Rosneft sites. SUEZ would provide technologies and solutions with pilot testing as needed. Areas of focus include wastewater pre-treatment, biological wastewater treatment, desalination for reuse, water purification by evaporation, and various treatment programs for cooling water systems. SUEZ is also projected to expand its existing technical advisory services that are currently deployed at one of Rosneft’s sites to other sites owned and operated by Rosneft.

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Competition Landscape

  • The global industrial wastewater treatment market is highly fragmented, with the presence of a large number of players.
  • High capital investments and ongoing technological advancements in the industrial wastewater treatment market are anticipated to lower the threat of new players in the industrial wastewater treatment market.
  • Key players operating in the industrial wastewater treatment market include Aquatech International LLC, ALFA LAVAL, SUEZ, GEA Group Aktiengesellschaft, Veolia, Creative Water Solutions, Sapphire Water, PURONICS, Minerals Technologies Inc., M. W. Watermark, MIOX, Culligan, WaterProfessionals, and other industrial wastewater treatment market players.

Global Industrial Wastewater Treatment Market by Application

  • Boiler Feed Water
  • Chemical Production
  • Cooling Towers
  • Closed Loop Chillers
  • Air Compressors
  • Air Washers
  • Pharmaceutical Production
  • Paper & Pulp Processing
  • Textile Dying Process
  • Food & Beverage Processing
  • Oil & Gas Processes
  • Others (Metal Processing, Mining, etc.)

Global Industrial Wastewater Treatment Market by End-use Industry

  • Oil & Gas
  • Chemicals
  • Mining
  • Power
  • Pulp & Paper
  • Others (including Food & Beverages, Petrochemicals, and Textile Industries)
Categories
Energy News

COVID-19 Impacts: Lead acid Battery Scrap Market to Reach US$ 19 Bn by 2027

The global lead-acid battery scrap market is expected to tread along a lucrative growth path in the years to follow. Advancements in the telecommunications industry have ushered an era of advancements within the global lead-acid battery scrap market. Lead acid batteries account for 90% of the lead scrap acquired for recycling. Furthermore, automobile batteries can also be disposed into lead acid battery scrap. The ready availability of lead-acid battery scrap, and scientists’ ability to recycle it, has given a thrust to market growth. The growing focus of the energy sector on recycling of electronic scrap has played an integral role in market growth. The total value of this market is set to increase in the years to follow.

Transparency Market Research (TMR), in its report, predicts that the global lead-acid battery scrap market would expand at a robust CAGR of 10% over the period between 2019 and 2027. The total value of the global lead-acid battery scrap market was US$ 7.5 Bn in 2018, and this value shall touch US$ 19 Bn by 2027. Use of lead-acid battery scrap in the oil and gas industry has emerged as a prominent driver of demand within the global market.

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Fresh Channels to Avail Battery Scrap

Advancements in the field of minerals and metallurgy has emerged as a distinct driver of demand within the global market. Several channels for availing lead-acid battery scrap have come the fore in recent times. Alibaba is an important e-commerce vendor that hosts lead-acid battery scrap from various trading companies and units. Drained lead acid battery scrap is readily sold by several traders in the international market. Availability of robust distribution channels has helped these traders in selling out their scrap materials. Therefore, the growth of this market largely depends on the interconnectivity of regional distributors and traders.

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Defense and Aerospace Sector as Key Consumer

The defense and aerospace industry is a heavy consumer of lead-acid batteries and several other systems that excrete out scrap in voluminous amounts. Besides, the automobile industry also discharges futile materials containing several metals in respectable quantities. Therefore, the growth of the global lead-acid battery scrap market relies on advancements in recycling technologies across the aforementioned industries. Regional government have begun commissioning specific bodies to oversee the recycling dynamics of major industries. Considering this, it is safe to expect that the global lead-acid battery scrap market would trace an ascending graph of demand.

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KC Recycling’s Bar of Investment

KC Recycling is an established entity for recycling cathode-ray tube from electronic scrap, lead-acid batteries, and television screens. The company lately revealed its plans to make increased investments towards enhancing its recycling capacities. Based on British Columbia, KC Recycling is the amongst the largest electronic recyclers in the Pacific Northwest. Other key players in the global lead-acid battery scrap market are also making concerted efforts to increase their profit margins and acquire a larger consumer base.

Some of the leading vendors in the global lead-acid battery scrap market are Engitec Technologies SpA, Bee’ah Sharjah Environment Company LLC, Johnson Controls International PLC, ECOBAT Technologies Ltd, and SYSTEMS SUNLIGHT S.A.

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The global lead-acid battery scrap market can be segmented on the basis of:

Battery

  • Flooded
  • Sealed
    • AGM
    • Gel

Product

  • Lead
  • Sulfuric Acid
  • Others

Source

  • Motor Vehicles
  • UPS
  • Telecom Stations
  • Electric Power
  • Watercraft
  • Aircraft
  • Military
  • Oil & Gas
  • Stand-alone Systems
  • Others
Categories
Energy News

Impact of COVID-19 on the Underground Mining Market worth US$ 25 Bn by 2027

Global Underground Mining Market: Key Highlights

  • The global underground mining market was valued at ~US$ 21.5 Bn in 2018, and is anticipated to expand at a CAGR of ~2% during the forecast period.
  • Based on equipment, the drilling equipment segment accounted for a major share of the global underground mining market in 2018.
  • In terms of method, the unsupported segment held a significant share of the global underground mining market in 2018. Room-and-pillar mining is an old method applied to horizontal or nearly horizontal deposits. This method has been refined over the years, and is used in coal and non-coal mining.
  • In terms of operator, the contract mining segment constituted a key share of the global underground mining market in 2018. Several contractual agreements are used in contract mining. These can be broadly classified into traditional contracts, risk sharing contracts, and strategic alliance contracts, depending upon the mine life or duration of the contract.
  • Latin America is estimated to offer high growth potential to the underground mining market in the next few years. Abundance of mineral resources and significant investments from mining companies are driving the underground mining market in the region.

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Key Drivers and Restraints of Global Underground Mining Market

  • The renewable energy sector is expanding at a significant pace across the globe. However, it is unable to meet the rising demand for power. This has resulted in a chasm between the demand for power and its generation, which developing countries such as China, India, and Indonesia are striving to meet through coal-based generation. This is driving the use of coal in power generation applications. According to the World Coal Association, coal accounted for approximately 38% share of the total electricity generated in 2018. This percentage has remained almost unchanged in the last 20 years. Thus, rise in the demand for power is expected to boost the demand for coal in the power industry. This is likely to drive the underground mining market. Coal production in the U.S. increased to 273 million short tons through underground mines in 2017, up from 252 million short tons in 2016.
  • Implementation of IoT in underground mining provides several opportunities to companies to increase their productivity. IoT enables data integration from an increasing number of sources. This enables mining companies to plan their mining operations with accuracy.
  • Companies require skilled professionals with technical skills, high degree of problem-solving, and considerable understanding of such tools and machines to work with technologically-advanced tools and machines. According to a survey by the Associated General Contractors (AGC) of America, Inc., in January 2017, 73% of businesses faced difficulty in finding skilled workers, and 55% businesses identified worker shortage. Thus, dearth of skilled labor is hampering the implementation of smart mining methods. This is adversely affecting the underground mining market.

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Latin America Offers Lucrative Opportunities to Global Underground Mining Market

  • Latin America dominates the global underground mining market. The mining industry in the region has been thriving since the last few years. In 2017, 305 companies invested US$ 2.38 Bn for exploration in the region. Chile, Peru, and Mexico received 25%, 22%, and 21% of these investments, respectively, in the year. Favorable government policies and automation of processes in excavation operations are anticipated to drive the underground mining market in Latin America during the forecast period.
  • Currently, Brazil has more than 180 active mines. The most productive underground mines in the country extract up to 1,000,000 tons of minerals every year. Currently, Brazil has two major underground mines: Morro Velho and Serra Grande Gold Mine.
  • Chile is a prominent producer of copper in Latin America. It produces 32% of copper in the world. According to Cochilco, Chile’s state copper agency, the country produced its largest volume of copper ever (i.e. 5.83 million tons) in 2018, up by more than 6% of that produced in 2017.

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Global Underground Mining Market: Key Developments

  • In April 2019, Epiroc Australia and Mobilaris announced that it had been contracted by OZ Minerals to deploy the Mobilaris Mining Intelligence information management system for digitization of one of its underground operations. This digitalization aims to increase production, efficiency, and safety in OZ Mineral’s new Carrapateena underground mine in South Australia.
  • In September 2019, Sandvik Mining and Rock Technology launched the new Sandvik RDX5 rock drill to complement its rock drill offering for underground drill rigs. The new RDX5 rock drill is a strong replacement for the established HLX5 rock drill model in Sandvik’s drilling equipment, which has a heritage and longstanding reputation of being the most reliable rock drill in the world.
  • In November 2018, West African Resources awarded an underground mining contract for the M1 South deposit at the Sanbrado gold project in Burkina Faso to Byrnecut. The contract, worth US$ 110 Mn over five years, is Byrnecut’s second in the West African country.

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Underground Mining Market: Competition Landscape

  • The global underground mining market is highly fragmented, with the presence of a large number of players.
  • High capital investments in facilities, equipment, technologies, and transport vehicles poses a high barrier to the entry for new players in the global underground mining market. Regulatory pathways for clearance and approval of underground mining are time-consuming and capital-intensive. This creates another barrier for the entry of new players into the market.
  • Key players operating in the global underground mining market are BHP, Rio Tinto, Glencore, Vale S.A., Alcoa Corporation, Coal India Ltd, Anglo American Plc, Barminco, CIMIC Group Limited, OZ Minerals, The Redpath Group, Thyssen Mining, China Shenhua Energy Company Limited, Norilsk Nickel Group, Implats Platinum Limited, Amur Minerals Corporation, GBF Underground Mining Company, and Freeport-McMoRan.

Global Underground Mining Market: Segmentation

Underground Mining Market by Equipment

  • Drilling Equipment
  • Loaders & Trucks
  • Ventilation Systems
  • Conveyor Systems
  • Rock Reinforcement Systems
  • Others (Draglines, Shovels, Continuous Miners, and Shuttle Cars)

Underground Mining Market by Method

  • Supported
    • Cut-and-Fill Stoping
    • Stull Stoping
    • Square Set Stoping
  • Unsupported
    • Room-and-Pillar
    • Shrinkage Stoping
    • Sublevel Stoping
  • Caving
    • Longwall Mining
    • Sublevel Caving
    • Block Caving

Underground Mining Market by Operator

  • Contract Mining
  • Owner Mining
Categories
Coronavirus Energy News

Impact Assessment of COVID-19 Outbreak on Injection Molding Machine Market

Injection molding machines perform the injection molding process, which is generally used to manufacture plastic parts; however, they can also be employed to manufacture products or parts made of various other materials apart from plastic. The injection molding process can be employed to manufacture a wide variety of parts or products, which might vary greatly in their structures, dimensions, and end-use applications. The injection molding machine melts the material to be injected into the shaping mold, where the molten material cools off and solidifies, taking the shape of the desired component.

In terms of input material, the injection molding machine market can be segmented into rubber, metal, plastic, and ceramics. The rubber injection molding machine uses rubber as its raw material and injects liquid rubber into the molds for the solidification process. The molded rubber component then undergoes a vulcanization process using a rubber processing machine. The metal segment comprises the metal injection molding machine, which utilizes a mixture of metal powder and a binder as its feedstock. The metal component is then subjected to a variety of processes to remove the binder from it. The plastic segment consist of machines using plastics as their feedstock. The plastic segment is expected to dominate the market during the forecast period due to its properties such as chemical resistivity and flexibility. The ceramics segment generally contains plaster as its raw material for injecting into the mold and forming various structures.

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In terms of injection machine, the injection molding machine market can be divided into electric, hydraulic, and hybrid machines. The electrical injection molding machines utilize electricity for all the process. The hydraulic injection molding machines segment is anticipated to hold a significant share in injection molding machine market by type of injection machine in the forecast period. This is due to their comparatively long service period, better performance, and reduced maintenance costs. Hybrid injection molding machines utilize a combination of electrical and hydraulic drives for their operations. They have a combination of precision and speed of electrical machines and dynamics and power of hydraulic machines.

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In terms of end-user application area, the injection molding machine market can be classified into automobiles, packaging, consumer goods, and others. The automotive end-user segment is likely to lead the injection molding machine market during the forecast period due to increasing demand for automobiles globally, along with requirement for lightweight components in automobiles. Currently, packaging is used more for its product differentiation feature apart from its normal functionality. The packaging industry requires quality products with cost-effective and efficient production. This objective can be easily met by injection molding machines, which find their application in the industry. Consumer goods is another segment where injection molding machines find a variety of applications. The others segment includes end-user segments employing injection molding machines for producing a variety of products required in industries such as electrical & electronics and healthcare.

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In terms of region, the injection molding machine market can be segmented into North America, Europe, Middle East & Africa, Latin America, and Asia Pacific. Asia Pacific region is predicted to hold a prominent share in the injection molding machine market. The market in Asia Pacific is also estimated to expand considerably during the forecast period due to increasing demand for end-use applications in emerging countries, such as India and China, of the region.

Major companies operating in the global injection molding machine market are Arburg GmbH & Co. KG, Milacron Holdings Corp., Sumitomo Heavy Industries, Negri Bossi S.P.A., Dongshin Hydraulic Co., Ltd., Haitian International Holdings, Japan Steel Works Ltd., Husky Injection Molding Systems, Engel Austria, and Asian Plastic Machinery Co., Ltd.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze 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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Coronavirus Energy News

Impact Assessment of COVID-19 Outbreak on Pecans Market

The drive for pecans stems from the demand for food that packed with nutrients and further show versatility with recipes. The increasing worldwide trend of healthy eating has propelled the prospects of the pecans market. A major part of the worldwide pecan crop production comes from New Mexico, Texas and Georgia in the U.S. and Mexico. According to a study in the Journal of Agricultural and Food Chemistry, pecans contain more antioxidants than any other tree nut. This aside, the spending of consumers in the pecans market has gathered momentum due to the vast range of healthy recipes that can be made with pecans, given the fact that pecan nuts are a treasure trove of minerals and vitamins.

The pecans market gained commercial impetus chiefly from the North American populations. They include this nut in several of their quintessential recipes in the culinary arts. Even in other parts of the world, pecan muffins and pecan biscuits have gathered steam, propelling the revenue generation in the pecans market. Pecans can be consumed whole or in processed form. They can be in-shelled or shelled forms.

Key application areas in the pecans market are beverage industry, dairy industry, bakery industry, and confectionery industry. All types of distribution channels can be grouped into hypermarkets/supermarkets, convenience stores, specialty retail, and online retail.

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Pecans Market: Competitive Analysis and Key Developments

Players in the pecans market are leaning in expanding the range of snacks made of pecans to allure prospective consumers. They are expanding their product portfolios. For instance, a few prominent confectionery manufacturers in developed countries are coming out with innovative flavor combinations. Over the past few years, food processors have expanded their investments to serve the needs of the snacking industry by tapping into the large popularity of pecans in North America. Global players in the pecans market have benefitted from the export of value-added agricultural products such as in ASEAN countries. They are looking for expanding their distribution channels in new geographic markets.

However, most players have been reeling under the disruptions due to COVID-19 pandemic and the worldwide lockdowns in recent months. However, they are trying to keep the distribution channel afloat.

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Some of the players in the pecans market are Hudson Pecan Company, Navarro Pecan Company Inc., Golden Peanut and Tree Nut, Merritt Pecan, Inc., Ellis Bros. Pecans, Inc., Pecan Argentina S.A., Atwell Pecan Co., Inc., New Aces, Inc., Lamar Pecan Company, Guidry Organic Farms, LLC., Sahale Snacks, Inc., Farmers Investment Co., John B. Sanfilippo & Son, Inc., Royalty Pecan Farms, Diamond Foods, Inc., and The Kraft Heinz Company.

Pecans Market: Key Trends

The drive for pecans market comes fundamentally from the adoption of healthy eating trends especially in popularity of plant-based source of proteins. Especially in the developing world, pecan-based recipes are attracting the attention of consumers who want to try new superfoods. This is evident in the rising consumer sentiment for new flavors based on pecans in snacking. Some of the purported health benefits of pecans are in reducing cardiovascular risk, digestion improvement, weight loss, lowering the risks of certain cancers, and anti-inflammatory and immunity benefits.

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The direct-to-consumer models is a key trend in the pecans market. In recent years, the drive for tailored approach to marketing and product differentiation has expanded avenues in the global pecans market. Specialty stores and online retailing have been quick on capitalizing on these avenues. Developments being made by snacking manufacturers on brand marketing and promotional activities are boosting the pecans market.

Pecans Market: Regional Assessment

Some of the regions in the pecans market are North America, Europe, Asia Pacific, the Middle East and Africa. Of note, China and ASEAN countries are witnessing the revenue potential in the pecans market. European countries have seen rapidly rising consumption of pecan snacks, adding a large momentum to the evolution of the pecans market.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze 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.

Categories
Coronavirus Energy

Impact Assessment of COVID-19 Outbreak on Sea Bass Market

Sea Bass Market: Snapshot

Sea bass is a popular fish variety that has been one of the favorites among a considerable populace across the world for a long time. The sea bass market may climb the ladder of growth during the forecast period of 2020-2030 on the back of expansive consumption of sea bass and the growing advancements in aquaculture. Sea bass is farmed for various sizes right from 300g to more than 1kg. Based on type, the global sea bass market can be segmented into processed sea bass and fresh sea bass.

This report on the sea bass market provides a deep analysis of the current market situation. The report provides insights about the novel advancements in sea bass farming and its impact on the sea bass market. The report also offers extensive research on how the SARS-CoV-2 pandemic will impact the sea bass market. The segmental study provides expansive research which can be used by the stakeholder for various purposes.

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Sea Bass Market: Competitive Analysis

The sea bass market has various players that are in competition with each other for reaching the top position on the sales pyramid. Manufacturers in the sea bass market are concentrating on research and development activities to improve production capabilities. This aspect can bring good growth for the sea bass market throughout the forecast period.

Mergers, acquisitions, joint ventures, collaborations, and partnerships are carried out on a frequent basis. These activities ensure a smooth run for the players in the sea bass market. It also helps in strengthening the foothold of the players in the sea bass market. Some well-entrenched players in the sea bass market are Scanfish Danmark, Selonda Aquaculture, Bien Dong Seafood, Laco AS, and American Seafoods Group.

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Sea Bass Market: Novel Insights

The sea bass market is always buzzing with novel developments that have the potential to bring good growth. Some latest developments that may assist the sea bass market to spin a strong web of growth are as follows:

  • Scientists from Temasek Life Sciences and Singapore Food Agency have produced a new breed of Asian sea bass that is healthy for the consumer and is easy for rearing
  • A demonstration farm at Rajiv Gandhi Centre for Aquaculture (RGCA) recently produced 15 tonnes of Asian sea bass from a one-hectare pond; these results display the potential of sea bass farming as a profitable business and would encourage aquaculture stakeholders to grow sea bass as an alternative to shrimp

Sea Bass Market: Key Trends And Recent Developments

The sea bass market may garner great growth from the escalating demand for sea bass due to its nutritional value. Sea bass contains essential fatty acids, vitamins, proteins, and also has low-fat content. This factor makes it a favorite among a considerable populace. In addition, the growing influence of sea bass in snacks and the main course is also bringing good growth for the sea bass market.

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Sea Bass Market: Geographical Perspective

The sea bass market is spread across North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America. Asia Pacific may acquire a substantial market share across the forecast period of 2020-2030. Europe and North America may also contribute significantly to the growth of the sea bass market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze 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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Coronavirus Energy News

Impact Assessment of COVID-19 Outbreak on Virtual Power Plant Market

The need for aggregation of distributed electricity has created increased demand within the global virtual power plant market. Presence of a seamless industry for controlling power distribution units and systems has played an integral role in market maturity. Sale of power in the electricity market also necessitates the development of cloud-based virtual power plant market. Multiple sources of power exist across a regional territory, and there is a need to record the capacity of each of these units. The ability of virtual power plant to integrate multiple power sources has created fresh opportunities for growth within the market. Moreover, relevance of flexible power load has brought virtual power plants under the spotlight of attention.

  • The power industry has emerged as the torchbearer of growth across local and national territories. Need for power distribution has led to the induction of improved systems across the industry. Henceforth, the total volume of revenues within the global virtual power plant market is slated to increase in the years to follow. The need for increased flexibility and efficiency across the power sector shall usher an era of growth within the global virtual power plant market. There is humongous demand for power across the residential, commercial, and industrial sectors. This factor has played a pivotal role in induction of virtual power plants across several regions.

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Virtual Power Plant (VPP) refers to a cluster of small-scale generators, such as combined heat and power (CHP) units, biogas plants, and backup generator sets, which collectively act akin to a single large power plant.

A virtual power plant does not physically exist. It is the pool of distributed energy resources that acts as a single large facility using sophisticated software to operate them as a group. Every single generator that belongs to the VPP needs a gateway to communicate with the remote control software managing the whole network.

In the VPP model, an energy aggregator gathers a portfolio of smaller generators, and operates them as a unified and flexible resource on the energy market or sells their power as system reserve. The objective of a virtual power plant is to let go the load on the grid by smartly distributing the power generated by the individual units during periods of peak load. Additionally, the combined power generation and power consumption of the networked units in the virtual power plant is traded on the energy exchange. The power traders within a virtual power plant are able to use real time data to enhance forecasting and trading of renewable energies. As a result, virtual power plants gradually take over the role of traditional power plants – selling their output on wholesale markets and assuming responsibility for a balanced grid.

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Currently, the global energy market is in the midst of a paradigm shift, from a model dominated by large centralized power plants owned by big utilities to a mixed bag of distributed energy generation facilities and smaller residential, commercial, and industrial power generation systems — many of which use renewable resources.

The Increase in smaller power plant installations, are benefitting from new technological developments and business models are declining the economies of the scale. When all power is generated by renewable energy sources, thus would need to produce the electricity demand adapt to the wind and solar power supply. In virtual power plants, clients let their unused assets such as data center or base station reserve power to be used to balance the grid while they are not needed for business use.

VPPs are designed to maximize owners’ profits, while also balancing the grid. The virtual power plant forms a reserve that can be sold to a local transmission system operator during the off-peak electricity demand when additional output is needed to ensure electricity system functionality.

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The VPP market can be further classified based on technology, which includes demand response, distributed generation, and mixed asset. Based on end-use, the market can be segregated into industrial, commercial, and residential. In terms of geography, the VPP market can be divided into North America, Europe, Asia Pacific, Latina America and Middle East & Africa.

The virtual power plant ecosystem comprises power and automation technology companies such as ABB Ltd., Siemens AG, Schneider Electric SE, and General Electric. Furthermore, major players operate as demand response aggregators such as EnerNOC, Inc., Comverge, Inc., Limejump, and Flexitricity.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze 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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Coronavirus Energy News

Hydrogen Storage Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025

The worldwide rise in energy consumption along with the increase in demand for primary energy sources, primarily crude oil and natural gas, is causing depletion of these naturally occurring and limited sources rapidly. The consumption of these sources hampers the environment and causes pollution, which is adversely affecting the flora and fauna on the planet. The global warming effect caused by greenhouse gases emitted from the consumption of these fossil fuels is also a major concern for the world. Thus, energy security and environmental protection are two of the major worldwide concerns today. Today world is compelled to shift towards alternate energy sources such as solar, wind, hydro, and other carbon-neutral technologies. Hydrogen has been recognized and accepted as an alternative source of energy. Hydrogen is the third most common element present on the earth, generally as a part of chemical compounds. Hydrogen is a cleaner and zero-emission source of energy. Its byproduct is pure water. Currently, natural gas accounts for a major share of the global hydrogen production followed by oil, coal, and electrolyzed water.

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However, hydrogen storage is an essential technology for the advancement of hydrogen usage as an alternate energy source. Hydrogen contains the maximum energy per mass among all fuels. However, its low ambient temperature density generates low energy per unit volume. This necessitates the development of storage methods that have potential for high energy density.

Based on type, the hydrogen storage market can be segmented into physical-based storage and material-based storage. Hydrogen can be stored as either a liquid or a gas in physical-based storage. Hydrogen storage in the gaseous form requires high-pressure storage tanks with 350–700 bar tank pressure. Storing hydrogen in the liquid form requires cryogenic temperatures, as the boiling point of hydrogen is −252.8°C at 1 atmospheric pressure. The material-based hydrogen storage is based on metal hydrides, chemical hydrogen storage materials, and sorbent materials. Metal hydrides are denoted as MHx. They are the most technologically relevant hydrogen storage materials, as they can be easily employed in a varied range of applications such as heat pumps, thermal storages, and for neutron moderation. The chemical hydrogen storage materials are generally the compounds with high density of covalent-bond hydrogen in them either in a solid or liquid form. The sorbent materials store hydrogen by adsorption of hydrogen.

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Based on application, the hydrogen storage market can be classified into stationary power, portable power, and transportation. The stationary power segment comprises power generation, thermal systems, and energy systems. The portable power segment consists of fuel cells for off-road usage, consumer electronic devices, and auxiliary power generation. The transportation segment includes usage of fuel cells in the transportation sector.

Based on region, the hydrogen storage market can be divided into North America, Latin America, Middle East & Africa, Europe, and Asia Pacific. Asia Pacific is expected to dominate the global hydrogen storage market, expanding at a significant rate during the forecast period. The developing markets in China and India is the key reason for the dominance of Asia Pacific over the global market. The market in North America is expected to follow Asia Pacific, expanding at a moderate pace during the forecast period. Europe, Latin America, and Middle East & Africa are expected to follow North America during the forecast period.

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Some of the key players in the global hydrogen storage market are H Bank Technology Inc., Air Liquide, Hexagon Composites ASA, The Linde Group, Cella Energy Limited, Praxair Technology, Inc., VRV S.P.A, Pragma Industries, Eutectix LLC, and McPhy Energy S.A.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze 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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Coronavirus Energy News

Impact Assessment of COVID-19 Outbreak on Weather Forecasting Services Market

Weather forecasting is a kind of consulting service which provides real-time forecast and facilitates efficient day-to-day planning and informed decision-making in various industrial operations. Advanced notifications about changes in weather help industries plan weather-sensitive operations in advance which ensures safety, efficiency, improved sustainability, and enormous cost savings. Weather forecasting services are widely employed in various industries such as oil & gas, renewable energy, shipping, media, agriculture, aviation, utility, and construction. The renewable energy sector is expected to dominate the market over the forecast period, driven by the rising electricity consumption and energy requirements in various end-use industries. Further strong government initiatives toward supplementing non-renewable resources with renewable energy are encouraging various industrial manufacturers to reduce their greenhouse gas emissions in order to produce clean energy. These factors are likely to fuel the demand for weather forecasting services during the forecast period.

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Based on forecast type, the market for weather forecasting services is divided into the normal, medium, and long range categories. The duration of a normal range forecast projection can vary from a few hours to three days and cover either a particular region or an area of a few million square kilometers. It is typically used in the aviation and ship routing industries. Medium range forecast can predict weather for seven to ten days using atmospheric models and synoptic scale and is employed in agriculture and the water resource management industry. Long or extended range forecast is carried out for ten  to  thirty  days, generally on a seasonal timescale or a longer period. The medium range segment is projected to dominate the market over the forecast period. Based on purpose, the market of weather forecasting services features safety and operational efficiency, of which the latter is estimated to be the overriding segment, due to a surge in international trade and rising demands for renewable energy from power plants and the aviation sector to better control air traffic.

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Increasing incidence of natural disasters due to undesired climatic changes and subsequent security concerns are propelling the market for weather forecasting services. Advanced and reliable weather forecasting achieved within the stipulated time can lead to significant cost savings and also help with protection against catastrophes and natural disasters. Weather forecasting services are based on complex models due to which the industry requires trained meteorologists and geologist to operate the weather forecasting systems. Therefore, a dearth of trained workforce may hamper the market. However, technological advancements in computing system such as advanced data analytics, model development and machine learning tools and techniques are likely to provide new opportunities to players involved in weather forecasting services.

Globally, the market is distributed over North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Demand is likely to be high in Asia Pacific, especially in India, China, and Japan due to rapid industrialization and the developing transportation industry. Continuous improvements in weather stations and satellites in North America and Europe play a role too. The evolution of the transportation industry and changing lifestyles in developing regions such as Middle East and Africa are also motivating the market for weather forecasting services

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Key players in this market include The Weather Company, Accuweather Inc, StormGeo, Vaisala OYJ, Campbell Scientific Inc., The National Oceanic and Atmospheric Administration and Meteo Group.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze 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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Coronavirus Energy News

Impact Assessment of COVID-19 Outbreak on Industrial Energy Efficient Services Market

Global Industrial Energy Efficient Services Market: Snapshot

With the vast rise in stringent regulations pertaining to energy security, decarbonization, and air pollution, the industrial sector has started to feel the pressing need to adopt measures that can improve the energy efficiency of internal processes and operations. Countries across the globe are setting up advisory, disciplinary, and investigatory panels to ensure that energy efficiency measures are being put in place, especially in energy-intensive industries such as metal processing, chemicals, mining, and petroleum refining, to name a few. These factors are contributing to the increased demand for energy efficient services globally.

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It is estimated that the overall scope of the energy efficient services market is vast but only a small percentage of the market has been tapped, especially across emerging economies with massive and thriving industrial sectors. In regions such as Latin America and Asia Pacific, industrial boom in emerging economies in the past few decades has resulted in the vast expansion of the energy sector, ramping up the uptake of power to a massive extent. This trend has also produced ample growth opportunities for companies operating in the energy efficiency sectors as governments have started realizing the need to reduce impact of emissions led by the majorly fossil fuel-powered electricity plants.

From practices such as setting up energy audit programs mandating industrial facilities to evaluate, identify, and report opportunities related to energy efficiency in their organizations from time to time to offering tax incentives to companies with energy efficient plants, governments continue to play a key role in the development of the global energy efficient services market. This report presents an overview of the present state and future scope of development of the market, covering a thorough overview of crucial aspects influencing its development.

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As the world is transcending toward clean energy, it is becoming increasingly clear that efficiency can make the transition faster, cheaper, and beneficial across all the sectors. Energy efficiency is an important element in energy policies around the world. Globally, around two-third of the economic potential associated with energy saving remains untapped. Around 70% of the energy use in the world is utilized without any energy efficiency and performance measures. For instance, nearly 2/3rd of the energy consumed from buildings across the world has no standards or code applied to it. The core imperatives of an energy policy such as decarbonization, energy security, and air pollution can be made achievable and accessible with the incorporation of proper energy standards and other energy efficiency measures.

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Growth in the industrial sector has encouraged companies to seek faster ways to lower energy consumption due to the high cost and strict environmental regulations. The industrial sector has been expanding steadily since the last few years. Opportunities for energy efficiency improvements are expected to increase constantly. There exists potential to adopt energy efficient technologies and measures that reduce the energy consumption in the industrial sector by an additional 15-30% by 2025. Governments across the globe are increasingly focusing on adopting energy efficient practices. This is the primary driver of the global energy efficient services market. The European Union devised the Energy Efficiency Directive (EED) in order to lower energy consumption by 20% and maintain transparency in the overall billing process. The U.K. has set up the Energy Savings Opportunity Scheme (ESOS), an energy audit program that mandates industrial facilities to identify, evaluate, and report energy efficiency opportunities in their organizations every four years. Similarly, the Indian Energy Conservation Act also mandates energy intensive industries in the country to conduct energy audits and consulting. The Government of India offers tax incentives to companies for energy efficient plants and for keeping a tab on energy requirements diligently. Many companies are already striving to become more energy efficient. For instance, equipment manufacturers Alstom, ABB, Schneider, and Johnson Controls offer energy saving equipment and process optimization services linked to their products. Large IT companies such as SAP, IBM, Cisco, and Microsoft have devised programs to collect, monitor, and manage energy data. According to the International Energy Agency, the global energy intensity, i.e. the amount of energy utilized per unit of GDP, improved by 1.8% in 2015 and this industry is estimated to witness double digit growth in the near future; the commercial sector is expected to account for major share of the growth. Favorable support from regulatory bodies and government institutions is likely to drive the industrial energy efficient services market. However, economic & financial, regulatory, and Informational barriers may impede the implementation of energy efficient measures.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze 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.