A Market Place Research

Global Offshore Energy Storage Market by Source, End User and Region: Global Industry Analysis and Forecast 2021 – 2030, report offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.

Offshore energy storage is a fundamental hotspot for renewable energy. Demand for offshore energy storage has been increasing across the globe as a result of the implantation of severe laws and guidelines on the utilization of energy.

The increased urbanization and industrialization are required to expand the energy demands which is expected to support the global offshore energy storage market during the forecast period. The countries are focusing on energy storage systems using environmentally friendly power sources such as, offshore wind farms. Constant innovative developments and clean energy utilization would also drive wind power arrangement and opportunities in the developing business sectors of APAC particularly in nations including Japan, China, and South Korea which are looking for an alternative source of energy to expand their energy mix to reduce carbon dioxide emissions. An increase in awareness about climate-related issues as well as the implementation of strict guidelines and rules by administrative authorities to advance the adoption of sustainable technologies are expected to drive the offshore energy storage market.

The rise in investment in the investigation and development of unconventional and traditional assets in deep-water areas is expected to drive the global offshore energy storage market. Oil and gas producers use energy storage systems as backup power sources during blackouts and to improve the electric dependability of their tasks in seaward areas. Offshore energy storage offers a solid electrical organization by providing clear and dispatchable power. However, the high capital investment required for the offshore energy storage arrangement is expected to act as a restraining factor for the global offshore energy storage market.

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Market Trends

• Europe is expected to dominate the global offshore energy storage segment during the forecast period, owing to an   increased investment in renewable sectors, such as, solar- powered, onshore, and offshore wind energy, and geothermal energy. A key figure driving investment in renewable technologies is the implementation of strict ecological guidelines with limited fossil fuel by products.
• North America is expected to hold a significant share of the global offshore energy storage market owing to the implementation of smart city projects and the rise in demand for IoT gadgets incorporated with environmentally friendly power sources in the region.
• Hitachi completes the acquisition of ABB power grids in July 2020 to address renewable energy, establish a distribution channel to the power industry, and expand its access to the utility segment in all regions.
• Tesla acquired Maxwell Technologies Inc. in May 2019 to increase the energy holding capacity of the standard capacitors. This will broaden its product range of applications including transportation, industrial, and grid energy storage.

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The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

Key Market Players in Offshore Energy Storage Market

ABB, General Electric, Siemens, Deepwater Wind, Duke Energy, E. ON, LG Chem, Johnson Controls, SolarEdge, and Tesla.

Highlights of the study report

• A thorough assessment of the matrix of vendors as well as major firms would help in understanding the competitive scenario in the market
• Information on regulatory and investment scenarios for the market
• An analysis of the factors fueling the market growth along with their influence on the projection and dynamics of the Offshore Energy Storage Market
• A detailed roadmap presenting growth opportunities in the Offshore Energy Storage Market along with identification of key factors influencing the market growth
• A comprehensive assessment of the many trends prevailing in the Offshore Energy Storage market would help in identifying market developments

Key Segments

Source           

• Lithium Ion
• Lead Acid
• Sodium Chemistry
• Flow Vanadium
• Flow Zinc
• Vessel

End User        

• Offshore Wind
• Oil & Gas

Global Medium Voltage Transformer Market by Product Type, Mounting, Application and Region: Global Industry Analysis and Forecast 2021 – 2030, report offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.

A medium-voltage conveyance transformer, otherwise called a help transformer, is a sort of transformer that gives the last voltage change in an electric force appropriation framework by venturing down the voltage utilized in dispersion lines to the level utilized by the client. Down to earth voltage levels are regularly alluded to as medium voltage, which implies that the approaching voltage to the transformer is in the scope of 5 kV to 35 kV. Some circulation voltages may surpass 35 kV and be delegated high voltage, however most of the conveyance framework is in the medium-voltage range.

Dry-type transformers take out breaks and spills, making them harmless to the ecosystem. The utilization of harmless to the ecosystem items in the overhaul and improvement of force framework is being focused on, which sets out worldwide business open doors for medium voltage dry-type transformers. The rising demand for electricity as a result of rapid urbanization in developing countries, as well as the increasing expansion of transmission and distribution networks to integrate renewable energy resources, are some of the key factors driving the global medium voltage transformer market. However, the massive investment required for establishing and modernizing the power transmission and distribution network, as well as a lack of investment, is stifling market growth.

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Market Trends

• New product launch
• Minera MP, optimized cost-effective solution for connecting power plants to supply systems or connecting networks with varying voltage levels, is the latest product launched by Schneider Electric in the medium voltage transformers market.
• Medium voltage dry-type transformers are commonly used for power distribution in residential areas, as well as in industrial and commercial applications. These transformers convert high-voltage incoming power to low-voltage usage voltages for residential, commercial, institutional, and industrial applications.
• Dry-type transformers eliminate leaks and spills, making them environmentally friendly. The use of environmentally friendly products in the upgrade and development of power infrastructure is being prioritized, which creates global business opportunities for medium voltage dry-type transformers.
• The upsides of dry-type transformers over fluid filled transformers, just as expanded interests in transmission and dispersion networks in nations like India and China, present an enormous chance for medium voltage dry-type transformer producers to build their piece of the pie during the gauge time frame.
• Power generation growth in Asia-Pacific is being driven by rising power demand, which is being fueled by the region’s expanding industrial sector, growing population, urbanization, and rising middle class, particularly in emerging economies. Large transmission and distribution infrastructure projects are expected in the region to connect new power plants and the rural population to the power grid. Furthermore, the region is experiencing significant growth in the construction and industrial sectors.

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The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

Key Market Players in Medium Voltage Transformer Market

Hitachi ABB Power Grids, Siemens, SGB-SMIT, GE, Schneider, Efacec, Chint, Crompton Greaves, Weg. Eaton, Hubbell, Mitsubishi Electric, Alce, TWB, Hammond Power Solutions, MGM Transformer Company, Jefferson Electric Transformers, Olsun Electrics Corporation

Highlights of the study report

• A thorough assessment of the matrix of vendors as well as major firms would help in understanding the competitive scenario in the market
• Information on regulatory and investment scenarios for the market
• An analysis of the factors fueling the market growth along with their influence on the projection and dynamics of the Medium Voltage Transformer Market
• A detailed roadmap presenting growth opportunities in the Medium Voltage Transformer Market along with identification of key factors influencing the market growth
• A comprehensive assessment of the many trends prevailing in the Medium Voltage Transformer market would help in identifying market developments

Key Segments

Product Type

• Liquid-Filled Transformer
• Dry-Type Transformer

Mounting       

• Pad-Mounted Transformer
• Pole-Mounted Transformer

Application    

• Residential
• Commercial
• Industrial

Global Floating LNG Power Vessel Market by Vessel Type, Component, Power Output and Region: Global Industry Analysis and Forecast 2022 – 2029, report offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.

Key drivers of the floating LNG power vessel are the insufficiency of power generation infrastructure and lack of capital investments. In developing countries, the major growth factor for floating LNG power vessel the increase in the industrial activities and the growing industrial output. This directly increases the demand for electricity in the region. Also, the floating LNG power vessel can be used to provide support to the electricity grid when peak loads. Floating LNG power vessels don’t have a heavy impact on the environment and actually have the potential to decrease the carbon footprint.

Floating LNG power vessels prove to be useful in providing power to the remote areas. These are some of the factors which are expected to contribute to the growth of floating LNG power vessels market. In case of land based power plants, once decommissioned, these power plants leave behind a lot of toxicity. Various forms of pollution are the result of a land based power plants which is no longer in use and has been made inactive. This leads to barren occupied land. Opting for floating LNG power vessel, it provides benefits that a land based power plant cannot provide. This factor is expected to substantially promote the market growth of the floating LNG power vessels. 

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However, the trend of renewable energy is a factor restraining the growth of the floating LNG power vessel market. Also, the massive capital investment required for setting up operations and maintenance is another restraining factor. Floating LNG power vessels require more maintenance that land based power plants due to the exposure to harsh climatic conditions. Additionally, these floating power vessels are located far away from the shore. This makes reaching them very difficult, time consuming and incurs high cost. These sets of factors are anticipated to hinder the market growth of the floating power vessels. The dynamic costs of the floating LNG power vessel across various regions are another set of restraining factors which are expected to contribute negatively to the growth of the floating LNG power vessel market. 

An increasing demand for hybrid fuel powered marine generators can be seen on the rise. This demand can be attributed to the lower maintenance cost and lower level of harmful emissions. The use of hybrid fuel to power marine generators helps in increasing the efficiency of the fuel and also lowers down the operational cost associated with it. Additionally, the government has strict emission regulations. The benefits of hybrid fuel couple with the government regulation have significantly increased the demand for hybrid fuel powered marine generators. This, in turn, has created a window of opportunity for constituent manufacturers in the floating LNG power vessels market.

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Asia-Pacific is anticipated to be the largest market for floating power vessels during the forecast period. The region has been witnessing rapidly increasing population, which significantly increases the demand for electricity. Additionally, the government of the respective countries in the region has been making heavy capital investment in order to bride the demand- supply gap for electricity. North America and Latin America are expected to witness a substantial growth due to the rising demand for power. The Middle East and Africa are anticipated to be lucrative markets for floating LNG power vessels. 

Key Market Players

• Siemens AG (Germany)
• MAN Diesel & Turbo SE (Germany)
• Wärtsilä Corporation (Finland)
• General Electric Company (US)
• Caterpillar Inc. (US).
• Waller Marine
• Benchmarking
• IHI Corporation
• Modec
• Hyundai Heavy Industries

Highlights of the study report

• A thorough assessment of the matrix of vendors as well as major firms would help in understanding the competitive scenario in the market
• Information on regulatory and investment scenarios for the market
• An analysis of the factors fueling the market growth along with their influence on the projection and dynamics of the Floating LNG Power Vessel Market
• A detailed roadmap presenting growth opportunities in the Floating LNG Power Vessel Market along with identification of key factors influencing the market growth
• A comprehensive assessment of the many trends prevailing in the Floating LNG Power Vessel market would help in identifying market developments

Key Segments

By Vessel Type         

• Power Ship
• Power Barge

By Component          

• Power Generation System
• Power Distribution System

By Power Output       

• Small Scale (Up to 72 MW)
• Medium Scale (72 MW to 400 MW)
• High Scale (Above 400 MW)

Global Hybrid Power Solutions Market by Type, Power Rating, Application, Industry Vertical and Region, Global Industry Analysis and Forecast 2022 – 2029, report offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.

Several factors contribute to the growth of the market. Hybrid power is in high demand in off-grid sites. Off-grid sites refer to rural locations, those sites where electricity access is not available through grid connection. These sites are in remote areas. Combination of generator with renewable resources provides 24*7 power supply. Off-gird sites boost the hybrid power market. It is a reliable power generation method which also enables fuel savings. Hybrid power is an eco-friendly system as it reduces carbon-emissions and this raises its demand.  Hybrid power requires higher initial investments which restrain its growth. Contrarily high investment in 100% rural electrification presents the new pathways for hybrid power market. In addition, increasing alertness regarding global warming has encouraged the market to move its focus toward hybrid power solutions system.

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German PV inverter manufacturer SMA launches its battery inverter – Sunny Boy Storage 3.7/5.0/6.0. SMA’s latest offerings highlights enhanced digital services as inverter makers battle to differentiate their items in market. Moreover, up to three batteries can be connected with the battery inverter and as indicated by the organization the way toward connecting batteries is intended to be simple and should be possible at any second. SMA centres around batteries from various manufacturers can be connected with its system and says installers and operators will have the option to utilize the SMA Smart Connected help, which shows systems and sends out automatic notifications when maintenance work is needed.

In developing countries, a large number of population lives in remote or off grid areas. Installation and distribution costs are considerably higher for remote areas and these regions for 100% electrification requires huge investment. Telecom industry is growing over the world, specifically in remote territories, for example, Indonesia are confronting network blockage, which in turn is activating energy utilization and CO2 emissions. Hybrid power solutions combine diesel generators along with renewable sources (wind, solar, or both). With ensuring 24*7 power supplies to off grid sites with less interruption. 

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The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

 Key Market Players

• SMA Solar Technology AG (Germany)
• Siemens AG (Germany)
• Huawei Technologies Co., LTD (China)
• ZTE Corporation (China)
• Flexenclosure AB, LTD (Sweden)
• Heliocentris Energy Solutions AG (Germany)

Highlights of the study report

• A thorough assessment of the matrix of vendors as well as major firms would help in understanding the competitive scenario in the market
• Information on regulatory and investment scenarios for the market
• An analysis of the factors fueling the market growth along with their influence on the projection and dynamics of the Hybrid Power Solutions Market
• A detailed roadmap presenting growth opportunities in the Hybrid Power Solutions Market along with identification of key factors influencing the market growth
• A comprehensive assessment of the many trends prevailing in the Hybrid Power Solutions market would help in identifying market developments

Key Segments

By Type         

• Solar- Diesel
• Wind-Diesel
• Solar-Wind-Diesel

By Power Rating       

• Up to 10 KW
• 11 KW – 100 KW
• Above 100 KW

By End-use Industry

• Commercial
• Residential
• Telecommunication
• Others