Market Research Future (MRFR)

Substation monitoring systems are able to provide valuable insights on the functioning of transmission and distribution network in an electrical grid. It can support remote monitoring amid the rapid automation of processes and lower maintenance expenses. The  global subsea monitoring market  report by Market Research Future (MRFR) covers drivers and challenges to be faced by the industry for the period of 2017 to 2023 (forecast period). The COVID-19 outbreak and its implications on the market are noted in the report in full detail. Market Scope The global substation monitoring market is expected to accrue huge revenues at 8.50% CAGR over the forecast period. Improvements in IoT architecture, replacement of legacy infrastructure, and development of interoperability standards are factors driving market demand during the forecast period. Request a Free Sample @  https://www.marketresearchfuture.com/sample_request/7341 Segmentation The global substation monitoring market has been segmented

Solid oxide fuel cells (SOFCs) are fuel cells capable of generating power through electrochemical conversions. Zirconium and calcium are used to enhance its electrical efficiency. The global  solid oxide fuel cell market  report by Market Research Future (MRFR) covers trends on its applications and the scope on investments during the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its effects on the production and value chain are explored in detail. Market Scope The global solid oxide fuel cell market is anticipated to touch USD 1,183.6 million by 2023, as per an insightful report by Market Research Future (MRFR). It is expected to expand at a 12.87% CAGR during the assessment period. The market is set to accumulate huge revenues over the forecast period owing to pressure from nations globally for reducing carbon emission levels. Government funding and collaborations between private and public companies can drive the technology of SOFCs. Favorable policies coupled w

Market Highlights: Solar water heater is a device which provides hot water for industrial, commercial, and residential applications. A  solar water heater  comprises of an array of collectors to collect and store solar energy. There are mainly three types of solar collectors that are used in residential applications such as flat-plate collector, evacuated tube collector, and unglazed water collector. Solar water heater is majorly used to save energy bills. Moreover, the domestic and commercial consumers are entitled to claim renewable heat incentive for generating heat energy. Based on application, the market is segmented as residential, commercial, and industrial. Residential segment is estimated to dominate the market during the forecast period due to the increasing demand for energy efficient water heater and rising investment in construction activities. The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the type, the market is segmented

Solar thermal collectors are heat exchangers which convert solar radiation into thermal energy. Inclination towards renewable energy and sustainable initiatives can induce demand for  solar thermal collectors . The global solar thermal collectors market report by Market Research Future (MRFR) estimates the revenue and growth of the industry for the period of 2018 to 2023 (forecast period). The impact of the COVID-19 pandemic is also taken under consideration. Market Scope According to MRFR, the global solar thermal collectors market will surpass a valuation of USD 41,900 million by 2023. Rise in renewable energy schemes and incentives for its adoption by industries for lowering the reliance on utilities for power can drive the market demand. Introduction of more affordable collectors and increasing awareness has boosted the sales of solar thermal collectors. Development of new technologies which can increase its storage capacity and efficiency can drive its demand across residential bu

Energy storage can be defined as a technology that provides a source of power as and when required without backsliding to conventional energy sources. Market Synopsis As per the analysis by Market Research Future Reports (MRFR), The Global Solar Energy and Battery Storage System market are expected to expand at 8.89% CAGR during the review period. One major factor for the expansion of  solar energy and battery storage market  2020 is the supportive regulations implemented by the government. Solar energy policies consist of international treaties, legislation, incentives for investment, such as fiscal incentives in the U.S. In various countries, such as Germany, India, and the U.K, regulations such as Renewable Portfolio Standard (RPS), Feed-in-Tariff (FIT), pricing laws, tax credits, quota requirements, production incentives, and trading systems have been advanced and enforced to promote the usage of solar energy, hence, bringing an impact on the growth of the market. Furthermore, the

Market Highlights Sodium sulfur batteries are made from abundant materials which are generally inexpensive. The typical design of the  sodium sulfur battery  involves a solid electrolyte membrane between anode and cathode encased in a steel cylinder protected with a chromium and molybdenum interior. Molten sodium at the heart of the cell serves as the anode that donates electrons to the external circuit. The sodium core is encased in a beta-alumina solid electrolyte cylinder which facilitates the movement of Na+ ions to the exterior sulfur electrode which serves as the cathode while preventing the two electrodes from shorting.        Based on application, sodium sulfur battery market is segmented into grid and standalone systems, space, transport and heavy machinery. Grid and standalone systems is estimated to dominate the market during the forecast period due to many electric utilities especially in the developing economies adapting the de-centralized way of generating power. Moreover

Global Smart Gas Meter Market   - Overview Smart Gas Meters allow its end users to control gas usages displaying the accurate real time data and advanced data analytics of gas usages of each day.  They automatically send the collected data to the supplier using wireless meter reading network allowing them to read meter remotely by wireless meter reading software or hand held unit thus saving time and energy for the users. The collected data also consist of the information on gas consumption, valve status, and battery status etc.  Smart Gas Meters  can close valve and stop gas supply on the command of close valve from the wireless software or hand held unit therefore eradicating chances of probable accidents in cases like gas leakages etc. Similarly, the open valve command will restart the gas supply.  Owing to the numerous advantages such as energy efficient consumption control etc., Smart Gas Meters are increasingly replacing the traditional meters and its market is witnessing a signi

Market Scenario In its recently published research study, Market Research Future (MRFR) observes that the global pressure vessel market 2020 is expected to rise exponentially over the forecast period, reporting a significant market valuation and a healthy 6% CAGR in the forecast period. Drivers and Restraints The main factor of the global market for  pressure vessels market  is the increasing need for energy around the world. Boilers, the primary type of pressure vessel in the current global market, are being used in various energy generation processes which are expected to maintain their demand in the years to come. Growing access to the renewable energy industry also greatly encouraged the pressure vessel market. Due to the growing scarcity of natural fuels, more attention is given to renewable energy resources which support the growth of the market for pressure vessels. The customizability of the pressure vessels is another crucial consideration for the global pressure vessel indust

Industry Insight Market Research Future, in its latest study, summed neatly that the  global power rental market 2020  could witness much bigger stability from the years 2017–2023. In these years, the market’s potentiality might rise at a rate of 9.06%, with a market value of USD 21,765.1 million. It could be the great achievement of the market to see the future amidst COVID 19 pandemic across the world. Top Influential Factors The power rental market is in the line of emergence as the revenue earned either by renting a temporary power plant or generators. Power is generated by burning fossil fuels such as oil, coal, and gas to generate steam that drives large turbines to produce electricity. Power rental is defined as plant hire having flexible, reliable, speed, and cost-effectiveness as features that are supposed to drive the market. The global power rental market is likely to witness significant growth during the foretell period on the base of a rise in demand for power worldwide. R

Market Scenario According to MRFR,  Global Power Monitoring System Market 2020  is projected to reach USD 5,530.0 Million by 2025, with 6.11% CAGR between 2019 and 2025.    Market Highlights Growing commitment to minimizing electricity costs and optimizing the efficiency of electrical services is the key motivating force for the global demand for power control systems. The tools and systems for automated control of power networks include high-voltage transmission devices, wireless grids, and microgrids. This growth has helped the business discover the possibilities untapped in Africa. Increasing the adoption of smart grid technology would also create an incentive for industry participants in the power monitoring business, thus improving the commercial power monitoring sector, of which the power monitoring system is a member. The high cost of high-end power monitoring products, however, is projected to serve as a limitation on the global demand for power monitoring systems.   Market Seg

Overview The  Global Microchannel Heat Exchanger (MCHE) Market  is expected to be valued at  USD 2,343.9 million by 2023  with a  CAGR of 8.72%  during the forecast period ( 2018–2023 ). The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. The microchannel heat exchanger are multi-pass parallel flow heat exchangers that comprise three parts namely, manifolds, multi-port tubes with less than 1 mm hydraulic diameter, and fins. These devices are used to heat or cool fluids by transferring heat between two or more fluids. MCHEs are highly efficient with the refrigerant flowing in microchannels. Increase in manufacturing industry, residential, and commercial application owing to commercialization and urbanization, drive the MCHE market during the forecast.   However, the growth of microchannel heat exchanger market can be hindered due to volatile raw material prices during the forecast period. Competitive Analysis Prominent players p

Market Analysis The global heat transfer fluid market is estimated to expand at a CAGR OF 5.8% till the forecast period. Market Research Future published this report. The market for heat transfer fluid gained its importance from thermal systems as  heat transfer fluids  are used to transmit heat from thermal systems to heat stroke tanks. Heat transfer, a branch of thermal engineering mainly deals with the use, exchange, generation, and conversion of thermal energy and heat, especially for physical systems. The rise in the heat transfer fluid market is supported by increasing technological innovations that are being carried out by vital global multinationals. This is one of the primary key factors driving force of the market to expand more globally. Request a Free Sample @  https://www.marketresearchfuture.com/sample_request/1571 Top Impacting Factors Driving The global heat transfer fluid market is likely to be driven in the future is backed by some important factors playing a construc

Industry Insight Market Research Future aims to study and address potential market status for  Global Gas Engines Market 2020  taken down during the ongoing COVID 19 outbreak. The study is all about how the market is responding globally to the COVID-19 pandemic—and the study reveals that the market would rise at a higher pace during the forecast period 2017–2025. Top Impacting Factors The expansion of the gas engines industry can be attributed to the escalating demand for clean & efficient power generation technology and the accomplishment of stricter emission policy. The expanding demand for electricity with a decline in natural gas prices is anticipated to motivate the gas engines market during the anticipated period. MRFR finds that with the rising urbanization and globalization, the work culture and lifestyle have changed, which has eventually surged the use of electricity. Production & manufacturing companies, households, and electric vehicles are huge consumers of electri