Market Research Blog

The green building materials market size is likely to reach US$ 823 Bn by 2032, up from US$ 265 Bn in 2021, accounting for 11.8% CAGR through 2022-2032.

Green construction materials play an essential role in the growth of such structures. From design through demolition, green building materials are necessary for sustainability and efficiency.

Manufacturers are primarily concerned with creating conventional consumer goods. Customizations based on customer preferences, on the other hand, are predicted to be the way forward, boosting demand for green building materials market.

Due to Sustainable growth and a decrease in difficulties connected to environmental degradation and natural resource depletion, green construction materials are becoming increasingly popular, leading to the adoption of green building materials market.

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14373

Low operational and maintenance costs and the pressure of environmental rules relating to emissions are the primary drivers of the global green building materials market.

Furthermore, governments in developed nations have implemented regulations and incentives to encourage green building, which has aided the market’s growth.

Key Takeaways

• Insulation is expected to be the fastest-growing application, rising at a pace of 11.7% during the projected period due to its excellent energy efficiency and increased emphasis on installing interior insulation solutions.
• Green construction materials are required to combat the health risks posed by climate change, pollution, and carbon footprints. It has been discovered that employing green building materials in the construction sector substantially reduces carbon dioxide (CO2) emissions.
• The Indian government has encouraged green construction, such as the Green Rating for Integrated Habitat Assessment (GRIHA). It has mandated that all central government and public-sector buildings receive at least a 3-star rating under GRIHA, enhancing the sales of green building materials.
• The future of green building technology provides several options to repair the damage that has been done to the world and the environment. Building materials that retain air cleansing materials, micro-grids, net-zero structures, and smart glass are just a few of them.
• North America owns a significant green building material market share. The rise of the green building material market in the area is being driven by strict rules on the use of environmentally friendly products in the construction sector.
• Exposed to extreme climate conditions and government initiatives, the Asia Pacific and Latin America are also seeing increased demand for green building materials market and are likely to be very attractive markets for green building materials.

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14373

Competitive Landscape

Acoustical Surfaces, Cemex S.A., Green Build Products, Cold Mix Manufacturing Corp, Green Build Products, Green Fiber LLC, National Fiber Technology LLC, and Novagard Solutions are some of the key players in the green building materials market.

Some of the growth strategies identified include mergers and acquisitions, trends and analyses relating to strategic collaboration among partners, and mutual agreements and partnerships.

To enhance their geographical footprint, the top players are using novel product launch tactics.

• Sika announced its consumer purchase intention MBCC Group in November 2021 in order to accelerate its growth strategy and strengthen its position as a global sustainability champion in the construction sector.
• SmartLam North America and RedBuilt established cooperation in May 2020 to provide Cross-Laminated Wood (CLT) supplies and solutions to architects, engineers, and contractors working on projects utilizing the popular mass timber building technology.
• In the Pacific Northwest, West Coast, and Southwest, which encompasses nine states, RedBuilt will be the only distributor of SmartLam CLT.
• The use of natural resources has been strained by the rising global population and growing urbanization. Concept of sustainable growth and a drop in challenges connected to environmental degradation and natural resource depletion, green construction materials are becoming increasingly popular.

Ask For Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-14373

Key Segments

By Type:

• Structural
• Interior
• Exterior
• Others

By Application:

• Framing
• Insulation
• Roofing
• Interior & exterior finishing

By End-user:

• Residential
• Commercial offices & buildings
• Institution

By Region:

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East & Africa

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

The residential solar PV inverter market is anticipated to register a CAGR of 3.8% during the forecast period 2022-2032.

The residential solar PV inverter market outlook will be bolstered by ongoing technological advancements, changing regulatory and consumer proximity, and the deployment of efficient inverter units.

As per the residential solar PV inverter market study, the growth of the residential solar PV inverter market is likely to be fueled by the increased deployment of solar PV modules to enhance the microgrid network.

The study also finds that the replacement of traditional storage technology and changes to existing techniques and cost-competitiveness will positively impact industry dynamics of residential solar PV inverter market trends.

In addition, sales of residential solar PV inverters spike due to the widespread adoption of renewable energy sources in the housing sector and the rise of net-metering schemes.

The residential solar PV inverter market future trends will be swayed by a paradigm shift toward adequate manufacturing precision, new product innovations, optimization, and standardized production processes for environmental compatibility, power output, and low installation costs.

Furthermore, smart communication will encourage the adoption of residential solar PV inverters by ensuring network reliability and balancing electricity demand and supply.

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14365

The ability of these inverters to generate grid-matching power (AC) directly through the back of each solar panel will influence the demand for residential solar PV inverters.

The parallel connection of these systems across the PV module reduces panel and inverter failure, further preventing the string from going offline, thereby positively impacting the residential solar PV inverters adoption trends.

A wide array of residential solar PV inverters market opportunities opens up as string-based residential solar PV inverter deployments will be aided by rising regulatory concerns about effective interconnection to grid-tied solar installations.

The residential solar PV inverters market size is likely to be worth US$ 4.8 Bn in 2026.

Key Takeaways:

• Microinverter technology will grow in popularity in the residential solar PV inverter market due to its ability to operate as a plug-and-play device across solar arrays.
• By 2028, the single-phase residential solar PV inverters market is expected to exceed USD 5 Bn due to high operational feasibility and lower solar component costs.
• Central inverters are highly efficient and compatible with various grid features such as fluctuation management balancing and hence are expected to witness the fastest growth rate.
• By 2028, the Asia Pacific residential solar PV inverter industry is expected to have installed over 20 GW per year.

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14365

“The Asia-Pacific region dominates the residential solar PV inverter market, and this trend is expected to continue in the coming years. The majority of the demand is expected to come from China, also the world’s largest solar energy producer. Product penetration in the region will be driven by favourable reforms such as FITs, soft loans, incentives, subsidies, and tax rebates, etc.” opines an FMI researcher.

Competitive Landscape:

The key player’s residential solar PV inverter market share will be bolstered by inorganic growth ventures, contracts, and new product innovations to expand the product portfolios of leading players.

SMA Solar Technology AG, Darfon Electronics Corp., General Electric, Schneider Electric, Enphase Energy, Sungrow, Siemens, Eaton, SolarEdge Technologies, Fimer Group, Huawei Technologies, Delta Electronics, Altenergy Power System, Hitachi Hi-Rel Power Electronics Private Limited and Fronius International GmbH are some of the major players in the residential solar PV inverter market.

Recent Developments in the Residential Solar PV Inverter Market are:

• The centralised inverters (model SG3125HV) and string inverters were introduced by Sungrow Power Supply Co. Ltd. (domestic model SG225HX; international model SG250HX). The 210 ultra-high-power modules are fully compatible with the newly launched investors.
• Tesla has announced the release of its own solar inverter. The Tesla solar inverter comes in two sizes: 3.8 kW and 7.6 kW, with two and four maximum power point trackers, respectively (MPPTs).

Ask For Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-14365

Key Segments

By Type:

• String Inverter
• Micro-Inverter

By Application:

• Single Phase
• Three Phase

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

The recycled carbon fiber market is expected to reach US$ 3.91 billion by 2032, up from US$ 1.26 billion in 2021, expanding at a high CAGR of 11.8%. This study explains how recycled carbon fiber price is directly proportional to increasing concerns over climate change and awareness around the use of biodegradable products.

As the demand for pro-performance, eco-friendly and energy-efficient products increases, the consumption of recycled carbon fiber is higher than ever. Countries like US, Germany and Japan are investing more in the research and development projects for recycled carbon fiber.

Factory shutdown, closed supply chains, and brutally damaged end-use industries restrict the recycled carbon fiber market. The damage done by covid-19 to the aerospace market has led to a steep decline in recycled carbon fiber.

Not enough awareness about the use of recycled carbon fibers in manufacturing units of multiple products. The number of manufacturing skills one requires to retain the mechanical traits of virgin carbon fiber and produce recycled carbon fiber is very crucial.

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14354

European Union has allocated 85% of the materials used in manufacturing vehicles to be recyclable, as this recycled carbon fiber is the ideal material for transforming industries. This way, these industries produce eco-friendly, biodegradable and green products.

“The major challenge with the recycled carbon fiber market is the lack of composite waste and other scrap material availability. The ability to decrease erosion and increase the durability of products. Gaining higher volumes for the recycling processes of carbon fiber.”

Key Takeaway

• The increasing demand for lightweight materials to reduce the weight of the vehicle is also augmenting the demand for recycled carbon fiber applications.
• Europe holds the biggest portion in the global recycled carbon fiber market. The excessive growth in this region is attributed to the continued strategic development of the new-gen vehicle. The countries in Europe are initiating plats to transform the carbon fiber waste into products.
• On the basis of type, the chopped recycled carbon is in the highest demand in terms of value and volume, as it is used in multiple industrial mixing, injection modeling and other compounding processes. Recycled carbon fiber ltd and other companies like this do the work for you.
• Based on source, the aerospace scrap holds and supplies the most significant amount of scrape to the recycled carbon fiber industries that further produce products formed through these materials. E.g., the Pyrolysis carbon fiber global recycled carbon fiber market is segmented by type, source and end-use industries and further divided into small segments.

Request a TOC@ https://www.futuremarketinsights.com/toc/rep-gb-14354

Competitive Landscape

The major carbon fiber recycling companies are dominated by SGL Carbon SE, ELG Carbon Fibre Ltd, Procotex Corporation SA, Vartega Inc, Carbon Conversions Inc, Carbon Fiber Recycling Inc, Shocker Composites LLC, Alpha Recyclage Composites, HEXCEL CORP, CFK VALLEY STADE RECYCLINGGMBH & CO KG, Elevated Materials and Sigmatex (UK) Limited. These companies are adopting new organic and inorganic plans to increase their recycled carbon fiber market stronghold.

• In 2021, Procotex Corporation tied up with ELG Carbon Fibre, which allows the company to produce higher amounts of carbon fiber and feedstocks.
• ELG Carbon Fiber has developed the world’s first carbon fiber bogie(CAFIBO) by partnering with Railway Research.

What impact did COVID-19 have on the Recycled Carbon Fiber Market?

Due to the novel coronavirus (COVID-19) pandemic, the recycled carbon fiber industry is predicted to increase slowly in 2021. This deadly virus has caused havoc all across the world, especially in North America and Europe. Companies have shut down activities and industrial facilities across countries to prevent the virus from spreading further. As a result, the capacity for producing recycled carbon fiber has been reduced.

End-use industries such as automotive and aerospace, among others, have ceased production. As a result of the pandemic’s influence on the global economy, several automotive manufacturers, notably Volkswagen, BMW, and Ford, have declined their market shares.

Due to the lack of personnel and transportation, the global pandemic has had an impact on production, demand, suppliers, investors, and a variety of other factors. Overall, it can be concluded that the recycled carbon fiber industry is growing at a slower pace.

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14354

However, essential firms’ continued efforts have aided the worldwide market’s delayed recovery from the pandemic. The worldwide market is forecasting a more significant percentage of recycled carbon fiber in the current context.

Key segments

By Type:

• Chopped
• Milled

By Source:

• Autospace Scrap
• Aerospace Scrap
• Others

By End Use:

• Automotive & Transportation
• Consumer Goods
• Sporting Goods
• Marine
• Industrial

By Region:

• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

Substantial increase in the focus on developing integrated flow metering solutions with automation and digitalization technologies, suitable for various applications are expected to drive the global subsea multiphase flowmeter market. As per Future Market Insights (FMI), the global subsea multiphase flowmeter market is projected to be valued at ~US$ 616.6 Mn in 2021.

The ongoing COVID-19 crisis has caused severe impact on the global economy. It has resulted in partial to complete shutdown of the supply chain networks and manufacturing activities across certain regions. Subsequently affected the subsea multiphase flowmeter market, adversely affecting growth. However, subsea multiphase flowmeter market is expected to recover sharply as the economic activity resumes post the containment of pandemic.

The production measurement segment is gaining prominence owing to its functionality of measuring the inflow and outflow of oil & gas such. Moreover, in the near future, it is expected that the scope of production measurement can be extended to enhancing inflow profiling in deepwater reserves, which will further augment demand for subsea multiphase flowmeter.

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-11893

Key Takeaways of Subsea Multiphase Flowmeter Market Study

• Subsea flowmeter market is expected to register 8.5% CAGR between 2021 and 2031
• The U.S. is expected to have highest market share the global subsea multiphase flowmeter market. Within North America, it is expected to account for over 66% of sales
• The U.K. will emerge as a key market within Europe, exhibiting 5.6% y-o-y growth in 2021
• Expansion of oil and gas production will continue supporting growth in Germany and France
• China will continue driving sales in East Asia, backed by rising demand for energy

“Key industry participants are investing in strategic alliances, partnerships and product innovations to gain a competitive advantage in the evolving global market. These partnerships allow companies to improve their production capacity and strengthen their technical expertise.” says Future Market Insights analyst.

The subsea multiphase flowmeter market is gradually growing at a strong trend in due to increasing integration of technologies with automation and digitalization in subsea multiphase flowmeters for challenging flow metering solutions for regular production monitoring and measurement. Rise in oil and gas investments and increase in oil and gas projects provide extensive opportunities for the subsea multiphase flowmeter market.

Request a TOC@ https://www.futuremarketinsights.com/toc/rep-gb-11893

Competitive Landscape

The subsea multiphase flowmeter market witness moderate consolidation, in which the leading players account for more than 70% of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are Weatherford, Baker Hughes, AMETEK Inc., Schlumberger Limited, ABB Ltd, TechnipFMC PLC, Emerson, KROHNE Japan KK, Peitro Fiorentini S.p.a., Haimo Technologies Group Corp., and Tokico System Solutions Ltd among others. These players have higher shares in the global market, and have longstanding relationships with a number of end users, giving them an upper hand among their peers.

Find More Valuable Insights

The research report analyzes the market demand trends of subsea multiphase flowmeter. The global market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of subsea multiphase flowmeter. As per Future Market Insights research scope, the subsea multiphase flowmeter market has been studied and segmented on the basis of pipe size, application, construction material and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-11893

Subsea Multiphase Flowmeter Market by Category

By Pipe Size

• 2″ Subsea Multiphase Flowmeter
• 3″ Subsea Multiphase Flowmeter
• 4″ Subsea Multiphase Flowmeter
• 6″ Subsea Multiphase Flowmeter
• 8″ Subsea Multiphase Flowmeter
• 10″ Subsea Multiphase Flowmeter

By Application

• Subsea Well Testing
• Production Monitoring
• Production Measurement
• Others

By Construction Material

• Stainless Steel Subsea Multiphase Flowmeter
• Duplex Steel Subsea Multiphase Flowmeter
• Corrosion Resistant Alloys Subsea Multiphase Flowmeter
• Titanium Subsea Multiphase Flowmeter
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

The global solar charge controller market titled ‘Solar Charge Controller Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2028’. According to FMI, the solar charge controller market was valued at US$ 1.4 billion at the end of 2017 and is anticipated to grow at an impressive CAGR to reach US$ 3.4 billion by end of the forecast period.

• Global Solar Charge Controller market size in 2017 was nearly US$ 1.4 billion
• The Solar Charge Controller market will observe just-above 8% CAGR over 2018-2028

FMI finds that in 2018, East Asia and Europe were attractive regions in the solar charge controller market, accounting for more than 49% of the global market share. The demand for solar charge controllers is witnessing a linear trend with rising demand for offgrid solar panel systems from economies, such as China, India, USA, Brazil and some of the ASEAN and African countries.

Developing economies, such as China, India, Malaysia and Brazil, are anticipated to positively influence the sales of solar charge controllers. Government initiatives related to subsidiaries for solar panel systems led by China, India and some of the Latin American countries are expected to further intensify the deployment of solar panel systems and solar charge controllers.

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6305

Increasing orders related to off-grid solar panel systems and solar charge controllers for deployment in remote and residential applications are expected to positively impact the growth of the global solar charge controller market during the forecast period.

Developments in solar charge controllers, such as auto night detection, LCD display, overcharging protection and growth in communication solutions integrated with solar charge controllers, are driving the growth of the global solar charge controller market. The growth of solar charge controllers market is being positively impacted by the deployment of offgrid solar panel systems.

30A to 50A Solar Charge Controllers to Hold One Third Share in Market Growth

Based on current charging capacity, solar charge controllers with 30A to 50A is anticipated to remain the primary sub-segment in terms of market share, covering nearly 33% by the end of 2028. Growth in demand for lead acid battery for storage applications in developing economies is anticipated to impact the sales of solar charge controllers.

Further, the rise of new entrants in the global solar charge controller market will initiate new production bases in developing economies for solar charge controllers.

Based on technology, the MPPT based solar charge controllers will register high growth rate and are anticipated to be a prominent segment in the global solar charge controller market. PWM based solar charge controllers are expected to account for an estimated value of US$ 1,980.5 Mn by the end of 2028.

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-6305

Key Segment

By Current Charging Capacity

• up to 8A
• 8A to 20A
• 20A to 30A
• 30A to 60A
• 60A to 80A
• 100A to 250A
• Above 250A

By Battery Type

• Lead acid Battery
• Lithium Ion Battery

By Technology

• Pulse Width Modulation (PWM)
• Maximum Power Point Tracking (MPPT)

By Region

• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania

Solar Charge Controller Market will Remain Highly Fragmented

The global solar charge controller market is highly fragmented and the tier-1 players contribute to nearly 1/3^rd of the market share. The competition among the global and regional players is becoming intensified due to rise of new players in developing economies.

Leading manufacturers of solar charge controllers are widespread, with both regional and global players offering solar charge controllers in their targeted marketplaces.

Manufacturers are concentrating on acquiring new orders for the installation of solar charge controllers. Further, the adoption of MPPT based solar charge controllers will be a driving factor for the growth of the global solar charge controller market.

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

Future Market Insights has its analysts involved in a report’s comprehensive study, which is on digital oilfield solutions market. With the help of this comprehensive study, analysts revealed that digital oilfield solutions market is anticipated to grow at a CAGR of 6.3% over the assessment period, 2018-2028. In addition, digital oilfield solutions market on a global basis is projected to touch an estimate of approximately US$ 54,415Mn by the end of 2028.

Rapidly increasing need for accessing data in real-time, sound shelf life, convenient operation and installation, as well as zero tolerance band with regards to parameters observation to be monitored has been positively impacting the growth of digital oilfield solutions market across the globe. Apart from this, wide-ranging operations in oil & gas industry have been stimulating the production sales of digital oilfield solutions since the recent past.

Analysts further revealed that launch of effective and innovative digital oilfield solutions can be taken up as a remarkable trend, impacting positively on the growth of digital oilfield solutions market in the coming years. Moreover, analysts have assured that they have been catering to the prevailing as well as growing concerns of industry operators and market observers in the digital oilfield solutions market across the globe. 

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-615

What are the recent measures taken up by manufacturers for expansion of digital oilfield solutions market?

Well, so far, manufacturers are entering into strategic collaborations with the technology providers for the purpose of business and customer-base expansion.

Can you mention what is trending in the digital oilfield solutions market?

Well, so far, analysis helped in concluding that there is significant increase in adoption of the LTE, with regards to technological advancements, positively impacting the growth of offshore oil & gas industries. Increasing partnerships amongst the leading companies across oil and gas industry for the purpose of digitally transforming the industry has been supporting the expansion of digital oilfield solutions market.

What are the important factors driving the growth of digital oilfield solutions market?

Well, so far, analysis helped in concluding that rapidly increase requirement for finding out any theft or counterfeiting during downstream and midstream operations is one of the major factor driving the growth of digital oilfield solutions market across the globe. Apart from this, increasing need for eliminating oil spills as well as losses while monitoring inventory levels, internal transfer of the intermediates and explorations is driving the demand and supply of digital oilfield solutions across the globe.

Which countries are the most beneficial for the expansion of digital oilfield solutions market?

The comprehensive study points out that Western Europe is likely to dominate the digital oilfield solutions market on a global basis over the assessment period. Apart from that, North America is expected to create significant growth opportunities for the digital oilfield solutions market in the coming years.

Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-615

Which companies are leading in the digital oilfield solutions market?

The comprehensive study points towards Eaton, SIEMENS AG, Emerson Electric Co., Honeywell International, Inc., General Electric, ABB, Schneider Electric and Rockwell Automation, Inc. as the companies leading in the digital oilfield solutions market on a global basis.

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

The  global wood pellets market is set for astounding growth at approximately 11% CAGR through the forecast period (2021-2031). Consumers in developed countries exhibit rising dependency on renewable sources such as pellet-based fuel, thereby driving sales.

Moreover, high price point of fossil fuel is accentuating the demand for pellet-based fuel sourced primarily from wood waste, agricultural residue and forest waste. Leading manufacturers are focused on implementing compliance plans, which include dedicated biomass power plants and co-firing.

Key Takeaways of Wood Pellets Market Study

• Growing adoption of renewable energy continues to drive the sales of wood pellets.
• High combustion efficiency is the chief attribute surging the demand for wood pellets.
• Enhanced government incentive and favorable policies contribute substantially to the growth of wood pellets market.
• Europe holds a whopping 51.4% share in global wood pellets market.
• Asia Pacific to exhibit significant growth over the course of forecast period.
• Respiratory problems triggered by wood dust is stagnating the demand of wood pellets.

Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-11094

Stakeholders in wood pellets market must direct massive pecuniary resources towards R&D activities for product diversification, along with capacity expansion initiatives to fortify competitive ascendancy.

Market Gains to Remain Concentrated in Europe

Europe is the leading regional market of wood pellets, in terms of consumption. Strong active presence of globally leading manufacturers in this region is giving impetus to production capacity as well. Timber and dry sawdust are predominantly preferred by manufacturers for wood pellets production.

On account of low carbon emissions, pellet-based fuel continues to gain prominence in countries such as the United Kingdom, Germany, Italy and France. Low production cost, mounting environmental concerns, and easy availability are some of the factors contributing to the growth of wood pellets market. Moreover, innovations in combustion technology and established logistics network are bolstering the wood pellets market in Europe.

Product and Cost Differentiation to Remain Strategic Focal Point for Market Leaders

Global wood pellets market is highly fragmented.  Major players profiled in this study include, but are not limited to, Georgia Biomass, LLC, Enviva Partners LP, Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Pinnacle Renewable Energy Inc. In a bid to remain prominent, industry leaders are channelling their resources towards product and cost differentiation.

Request a TOC@ https://www.futuremarketinsights.com/toc/rep-gb-11094

Particle density, melting point, mechanical durability, moisture and ash content continue to remain key research areas in wood pellets industry. Moreover, companies are intensifying their efforts towards developing cleaner burning fuel, as opposed to fossil fuels.

Wood Pellets Market: Segmentation

The global wood pellets market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Feedstock

• Forest and Wood Waste Resources
• Agricultural Residue and Waste
• Food Waste
• Virgin Lumber
• Energy Crops

By End-use Industry

• Residential/Commercial Heating
• CHP/District Heating
• Co-firing

By Region

• North America
• Latin America
• Europe
• MEA
• Asia Pacific

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs