industry Research Blog

  Centrifugal Pump - The Workhorse of the Pump Industry: Centrifugal pumps are one of the most widely used types of pumps in the industry, primarily due to their efficiency and versatility. They are used in a wide range of applications, from industrial to commercial to residential, making them a workhorse of the pump industry. Centrifugal Pump Market  share is expected to reach USD 40.1 Billion by 2030, expanding at a compound annual growth rate (CAGR) of 4.01% during the forecast period. Pump Type Centrifugal pumps are designed to transfer fluids from one location to another. They are a type of dynamic pump that relies on the principle of centrifugal force to create a flow of fluid. The pump uses an impeller, which is a rotating component that moves fluid radially outward from the center of the impeller, creating a flow of fluid. Centrifugal pumps are classified into several types based on their design, including single-stage pumps, multi-stage pumps, and submersible pumps. C...

  Outage Management System Market Overview: The  Outage Management Systems Market  is expected to reach $4.41 billion by 2030 at a compound annual growth rate of CAGR of 21.3% between 2020 and 2030. In today's world, where uninterrupted power supply is a critical aspect of modern life, power outages can have significant consequences on businesses and individuals alike. This is where an Outage Management System (OMS) comes into play, as it can help utilities quickly detect, locate, and restore power outages. In this blog, we will discuss OMS, its benefits, and its importance in the energy industry. OMS is a software application that helps utilities manage and automate their outage management processes. It provides real-time information on the status of the power grid, identifies the location of faults, and dispatches crews to restore power quickly. The system uses data from sensors, smart meters, and other sources to provide accurate and timely information to operator...

  Temporary Power Market Overview: The  Temporary Power Market  Size is expected to grow by 12.5% in the forecast period 2022-2030.  Temporary Power: Ensuring Uninterrupted Supply Temporary power is a crucial aspect of any construction, industrial, or entertainment project. It refers to the use of power generators, temporary power panels, and other equipment to supply electricity in a location where there is no permanent source of power. Temporary power supply ensures uninterrupted operations, productivity, and safety of workers on the site. Temporary Power Panels Temporary power panels or boxes are an essential component of temporary power supply systems. These panels are designed to supply power from the generator to the site's electrical system. Temporary power panels are mounted on a sturdy and weather-resistant enclosure to protect the equipment from external elements such as dust, water, and wind. Temporary power panels come in different sizes, depending o...

  Biomass Power Market Overview: Biomass Power Plant: A Renewable Energy Solution Biomass power plant is a renewable energy solution that generates electricity from organic materials such as wood, agricultural waste, and other organic matter. The process of converting biomass into electricity involves combustion, gasification, or anaerobic digestion. In this blog, we will discuss the different aspects of biomass power plant, including the benefits, types, and applications of biomass power. Biomass Power Market  will register a CAGR of 5.8% during the forecast period 2022-2030.  What is Biomass Power Plant? Biomass power plant is a facility that generates electricity by burning biomass fuels. It is an eco-friendly energy solution that reduces greenhouse gas emissions and provides a sustainable source of energy. Benefits of Biomass Power Plant Renewable Energy: Biomass is a renewable energy source that is abundant and widely available. It is a sustainable source of energy t...

Pipe Laying Vessels Market Overview: Pipe laying vessel companies are organizations that specialize in the construction and deployment of pipe laying vessels. These companies provide a range of services, including vessel design, engineering, and construction, as well as project management and logistics. The  Pipe Laying Vessels Market  size is projected to be worth USD 4,752.4 million by 2030, registering a CAGR of 9.2% during the forecast period (2022–2030). Some of the leading pipe laying vessel companies in the world include Allseas, Saipem, McDermott, TechnipFMC, and Subsea 7. These companies have a range of  pipe laying vessel types  in their fleets, including the following: J-Lay Vessels - These vessels are designed to lay pipe using the J-Lay method, which involves lowering the pipe vertically through a moonpool in the center of the vessel. S-Lay Vessels - These vessels use the S-Lay method, which involves laying the pipe in a continuous curve on the seabed. S...

  Commercial HVAC Market Overview: Commercial HVAC System Components: Explained Commercial HVAC (Heating, Ventilation, and Air Conditioning) systems are designed to provide comfortable indoor air quality and temperature control for commercial buildings. They consist of a variety of components that work together to regulate temperature, humidity, and air quality. The  Commercial HVAC Market  to grow at a CAGR of 7.34% during the forecast period (2022 - 2030). Here are some of the most common commercial HVAC system components: Air Handling Unit (AHU): The AHU is a device that circulates air through the HVAC system. It contains a blower, heating and cooling elements, and filters. Chiller: A chiller is a refrigeration system that cools water or air to provide cooling for the building. Boiler: A boiler is a heating system that uses hot water or steam to provide heat for the building. Ductwork: Ductwork is a system of pipes that distributes heated or cooled air throughout the b...

  Challenges of Digital Water Solutions While digital water solutions offer several benefits, they also face several challenges that need to be addressed. These challenges include: Cost: The initial cost of implementing digital water solutions can be high, making it challenging for some water utilities and consumers to adopt these technologies. Cybersecurity: Digital water solutions rely on data communication and cloud computing, making them vulnerable to cyber threats. Therefore, it is essential to ensure that these solutions are secure to protect against cyber attacks. Technical Expertise: Digital water solutions require technical expertise to install and operate. Therefore, water utilities and consumers may need to invest in training and development to adopt these solutions effectively. Digital Water Solutions Market Overview: According to the recent research report, in the global  Digital Water Solution Market  size, there will be a 15% CAGR in the market size by 2030...

  Industrial gas is an essential component of the manufacturing, healthcare, food and beverage, and energy industries. It is a term used to describe gases that are produced for industrial purposes, and they are used in various applications, such as welding, cutting, heating, cooling, and packaging. Industrial gas companies are responsible for the production, distribution, and supply of industrial gases. The industry is highly regulated and requires advanced technological equipment and processes to ensure the safe and efficient production of these gases. Industrial Gases Market  to grow at a CAGR of 6.16% during the forecast period (2022 - 2030). Types of Industrial Gases There are several types of industrial gases, and they are categorized based on their properties and applications. The following are some of the most common types of industrial gases: Oxygen - It is the most widely used industrial gas and is used for welding, cutting, and heating processes. Nitrogen - It is an ...

  UPS Battery Market Overview UPS Battery Market  share is expected to reach USD 1490 Million by 2028, expanding at a compound annual growth rate (CAGR) of 11% during the forecast period. Uninterruptible Power Supply (UPS) systems  play a crucial role in ensuring uninterrupted power to critical devices and systems. At the heart of every UPS is the battery, which serves as the primary source of power during outages. Types of UPS Batteries: Valve-Regulated Lead Acid (VRLA) Batteries: VRLA batteries, also known as sealed lead-acid batteries, are a popular choice for UPS systems. They are maintenance-free, spill-proof, and offer reliable performance. VRLA batteries come in two main subtypes: Absorbent Glass Mat (AGM) and Gel batteries. AGM batteries provide higher power density and are suitable for applications requiring short-term high current demands, while gel batteries offer improved cycle life and are ideal for long-duration backup requirements. Lithium-ion (Li-ion) Batt...

  Residential Solar Energy Storage Market Overview: Storing Solar Energy: The Benefits of Residential Solar Energy Storage Systems As the world continues to shift towards renewable energy sources, solar energy has become an increasingly popular option for homeowners looking to reduce their carbon footprint and save on their electricity bills. However, the challenge with solar energy is that it is only available when the sun is shining, which means that it cannot always meet a household's energy needs. This is where residential solar energy storage systems come in. Residential Solar Energy Storage Market  share is projected to be worth USD 5134.8 Million by 2030, registering a CAGR of 19.5% during the forecast period (2022 - 2030). Residential solar energy storage systems enable homeowners to store the excess energy generated by their solar panels during the day and use it when the sun goes down or during periods of high demand. This not only provides homeowners with greater en...

  Solar Street Lighting Market Overview: Solar street lights are a type of lighting system that uses solar panels to collect energy from the sun and convert it into electricity to power the lights. This technology is gaining popularity as an eco-friendly and cost-effective way to provide lighting in public spaces, roads, and highways. Solar Street Lighting Market  share is expected to be worth over USD 3.96 billion, registering a CAGR of 14.10% by 2030. What are Solar Street Lights? Solar street lights are lighting systems that consist of solar panels, a battery, LED lights, and a controller. The solar panels collect energy from the sun during the day and convert it into electrical energy, which is stored in the battery. When the sun sets, the battery powers the LED lights, providing illumination throughout the night. Solar LED Street Lights Solar LED street lights  are a type of solar street light that uses LED lights instead of traditional light bulbs. LED lights are mo...

  Green Hydrogen Market overview: Green Hydrogen: The Future of Energy As the world moves towards a greener future, hydrogen has emerged as a key player in the race to reduce greenhouse gas emissions. While hydrogen has long been used in industrial processes, it is only recently that it has gained attention as a potential fuel for transportation and power generation. Green hydrogen, in particular, has emerged as a promising solution to reduce emissions from heavy industry and transport. Green Hydrogen Market  share is expected to reach USD 10.55 billion in valuation, representing a compound annual growth rate of a CAGR of 57.41%. What is Green Hydrogen? Green hydrogen is hydrogen produced using renewable energy sources such as wind, solar, and hydropower. It is produced by using an electrolyzer to split water into hydrogen and oxygen, a process known as electrolysis. This process is powered by renewable energy sources, which means that the production of green hydrogen does not...

  Solar Panels Market Overview: As we move towards a cleaner and more sustainable future, solar energy is becoming an increasingly popular option for powering our homes and businesses. Solar panels are an essential component of solar energy systems, and there are a variety of different types available. Solar Panels Market  is projected to be worth USD 146.02 billion, registering a CAGR of 7.10% during the forecast period. Transparent Solar Panels: Transparent solar panels are a relatively new development in the world of solar energy. These panels allow light to pass through them, making them ideal for use in windows, skylights, and other transparent surfaces. The transparent panels use a type of photovoltaic (PV) technology that allows them to generate electricity from both the visible and ultraviolet light spectrum. This means that even on cloudy days or in low light conditions, they can still generate power. Transparent solar panels are an excellent option for architects and...

  Hydrogen and Fuel Cells Market Overview: Hydrogen and fuel cells are emerging technologies that have the potential to play a major role in the transition to a low-carbon economy. Hydrogen is a clean and versatile energy carrier that can be used to power a wide range of applications, including transportation, power generation, and industrial processes. Fuel cells are devices that convert the chemical energy stored in hydrogen into electricity, with water and heat as by products. As the world looks for alternative sources of energy,  hydrogen fuel cells  have emerged as a promising solution. A fuel cell is an electrochemical system that converts the chemical energy of a fuel into electricity. Fuel cells can be powered by a variety of fuels, including hydrogen, natural gas, methanol, and ethanol. However, hydrogen fuel cells are the most promising, as they produce electricity without generating any harmful emissions. A 25.09% compound annual growth rate of a CAGR is predic...

  Energy Storage Market Overview: As renewable energy sources such as wind and solar become more prevalent, the need for energy storage systems (ESS) is becoming increasingly important. One type of ESS is thermal energy storage (TES). Extensive study of the current market trends, the  Energy Storage Market size  will grow at a CAGR of CAGR of 13.24% to reach the global Revenue up to USD 5.41 billion by the end of the forecast period (2022 - 2030). Thermal Energy Storage: Thermal energy storage is a technology that stores thermal energy in a medium so that it can be used later to provide heating or cooling. The most common type of TES is based on the storage of sensible heat, which is the heat stored in a material due to a change in its temperature. Thermal energy storage  systems can be categorized into two types: centralized and decentralized. Centralized systems are used in large-scale applications such as district heating and cooling systems, whereas dec...

  Off-Grid Solar Market Overview: Off-grid solar power systems have become an increasingly popular solution for those seeking sustainable and independent energy sources. These systems utilize solar panels, an off-grid solar inverter, and a battery bank to produce and store electricity for use when traditional utility power is unavailable or impractical. Off-grid solar panels are the foundation of these systems, generating electricity from the sun's energy. The panels are typically installed on rooftops or on the ground, and come in a variety of sizes and capacities. Off-grid solar panels are designed to produce enough electricity to power a home or business, and excess power can be stored in a battery bank for use during periods of low sunlight or at night. Off-Grid Solar Market  share is expected to reach USD 3.9 billion by 2030, expanding at a compound annual growth rate (CAGR) of 8.80% during the forecast period. The off-grid solar inverter is a crucial component of the sys...

  Transformer Market Overview: Power transformers, also known as electrical transformers, are essential components of electrical power systems. These devices are used to transfer electrical energy from one circuit to another through electromagnetic induction. Power transformers can be found in a wide range of applications, from power generation and transmission to distribution and industrial settings. Transformer Market share  is expected to reach USD 75 Billion, expanding at a compound annual growth rate (CAGR) of 7.43% during the forecast period. What is a Power Transformer? A power transformer is a static device that transfers electrical energy from one circuit to another by means of electromagnetic induction. The transformer consists of a primary winding, a secondary winding, and a core made of laminated steel. The primary winding is connected to the source of electrical power, while the secondary winding is connected to the load. When an alternating current (AC) is applie...