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The global oil & gas analytics market is anticipated to garner US$ 50 Billion while expanding at a CAGR of 22.6% during the forecast period. The market is estimated at US$ 5.3 Billion in 2021 and US$ 6.5 Billion in 2022. A paradigm shift toward the search for mature oil fields along with the increasing exploration of unconventional wells will boost industry growth.

Big data allows better asset management, manufacturing, operations, and worker safety. The oil and gas analytics industry has observed a noteworthy shift toward the deployment of hosted services for gathering real-time data at a lower cost and augmenting production efficiency. The Oil & Gas Analytics market is dominated by the cloud segment, accounting for nearly 55% share, owing to increasing demand for reduced cost of operations and soaring demand for resource optimization.

Prominent players are investing significantly in R&D to surge digitalization in their business, which is set to offer optimum exploration and production methods. Consequently, the production of unconventional fuels is expected to augment the global oil & gas analytics market shortly.

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Key Takeaways:

• By deployment type, the hosted segment of the Oil & Gas Analytics segment expanded at a 22% CAGR
• Based on Application, the upstream segment of Oil & Gas Analytics is estimated to record a 23% CAGR
• North America region is likely to account for the majority share of nearly 39% during the forecast period
• Europe region is estimated to gain significant traction in the market for Oil & Gas Analytics, Germany is likely to hold the majority share.

“Augmenting mining activities have compelled the major oil & gas companies to minimize their operational cost and optimize their resources, thereby the adoption rate of cloud-based services for analyzing the bulk data has witnessed a significant rise in recent years.”

Competitive Landscape

Key players in the global Oil & Gas Analytics market include Oracle, Microsoft Corporation, Tableau Software, IBM, Teradata, SAS Institute, Inc., SAP SE, TIBCO Software, Inc., Deloitte, Capgemini, Cognizant, Hitachi Ltd., Accenture, Cisco Systems, Inc., Hewlett Packard Enterprise Development LP., among others.

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Recent key developments among players are:

• In Dec 2021, Deloitte agreed to acquire substantially all of the assets of BIAS, a cloud consulting firm that is a leader in the Oracle Cloud Infrastructure (OCI) market with experienced cloud professionals based in the United States and India. Founded in 2000, BIAS capabilities focus on advising, implementing, and operating services for cloud infrastructure, database, middleware, applications, analytics, and security.
• In March 2021, Tableau, the world’s leading analytics platform, introduced Business Science, a new class of AI-powered analytics that lowers the barrier to data science techniques, enabling business users and analysts to make smarter decisions faster.
• In March 2021, Hitachi, Ltd. announced to acquire GlobalLogic Inc., a leading U.S.-headquartered digital engineering services company. The acquisition is based on the definitive agreement among Hitachi Global Digital Holdings Corporation, a U.S. subsidiary, an SPC established by HGDH for the acquisition, and GlobalLogic Worldwide Holdings, Inc., the parent company of GlobalLogic.

Key Segments Covered in the Oil & Gas Analytics Industry Analysis

Oil & Gas Analytics Market by Deployment Type:

• On-premise Oil & Gas Analytics
• Hosted Oil & Gas Analytics

Oil & Gas Analytics Market by Service:

• Professional Oil & Gas Analytics
• Cloud Oil & Gas Analytics
• Integrated Oil & Gas Analytics

Oil & Gas Analytics Market by Application:

• Upstream
  • Exploration and Drilling
  • Field Surveillance and Monitoring
  • Production Planning and Forecasting
  • Equipment Maintenance Management
  • Asset Performance
  • Workforce Management
• Midstream
  • Pipeline SCADA
  • Fleet
  • Storage Optimization
• Downstream
  • Commodity Trading
  • Demand Forecasting
  • Pricing
  • Refining

Oil & Gas Analytics Market by Region:

• North America Oil & Gas Analytics Market
• Latin America Oil & Gas Analytics Market
• Europe Oil & Gas Analytics Market
• Asia Pacific Oil & Gas Analytics Market
• The Middle East & Africa Oil & Gas Analytics Market

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Oil & Gas Analytics market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Deployment Type (On-premise, Hosted) Service (Professional, Cloud, Integration) Application (Upstream, Midstream, Downstream) & Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)

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According to a recently published report by Future Market Insights, the global waste to energy (WTE) market was anticipated at US$ 38 Billion in 2021, and is projected to rise to US$ 40.77 Billion in 2022.  This technology is gaining wide recognition across the globe owing to the advanced growth in waste production along with rising demand for clean energy, thereby, garnering US$ 82.49 Billion in 2032, recording a CAGR of 7.3% from 2022-2032.

Government regulations that are strict in response to escalating greenhouse gas emissions will urge manufacturers of green technology to keep up with innovative technologies that will assist create cleaner energy, which will ultimately fuel market expansion.

Because of continual developments in waste treatment technologies, thermal technologies will command a sizeable market share for the conversion of waste to energy in the upcoming years. Waste is converted into usable heat or steam during thermal treatment, and this heat or steam is then used to turn a turbine and produce power.

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Key Takeaways from the Market Study

• In 2022, the European waste to energy market is expected to be valued at US$ 16.5 Billion
• The waste-to-energy market in the Asia Pacific is presumed to expand at a CAGR of 6%
• North America to experience a noteworthy CAGR of 7.6% during the 2022-2032 assessment period
• Demand for thermal waste to energy technology to remain prominent, comprising 83% revenue in 2022
• Global waste to energy market worth to more than double from 2022 to 2032

 “Significant increases in power generation as a result of rapid urbanization and industrialization, as well as a greater emphasis on generating energy from renewable sources, are expected to be key drivers of the waste-to-energy market,” remarks an FMI analyst.

Competitive Landscape

Key players in the global Waste to Energy market include Veolia, Velocys, Biffa, Sims Limited, Stericycle, Keppel Seghers, Recology, Waste Connections, Xcel Energy, Hitachi Zosen Inova AG, China Everbright Environment Group Limited, JANSEN Combustion and Boiler Technologies, Wheelabrator Technologies, SUEZ, OMNI Conversion Technologies, WM Intellectual Property Holdings, and Covanta Holding Corporation among others. Key developments among players are:

• Fiberight announced in February 2019 that it would open a new advanced recycling facility in Hampden by April 2019. Using pulping and anaerobic digestion, the plant will break down materials and convert them into biofuel using high-tech processes.
• Veolia became the first company in Europe to establish a synthetic e-fuel production unit on February 17, 2022. The manufacturing unit was installed at LIPOR’s Energy Recovery Plant near Porto. Its cutting-edge technology configuration and design are expected to revolutionize the waste-to-energy industry while also decarbonizing the aviation sector.
• In July 2022, Biffa announced that it was selected for supervising the government of Scotland’s Deposit Return Scheme’s (DRS) official logistic provider. The agreement comes after several months of close collaboration between the organizations as they progress towards DRS going live in August 2023 and is expected to create around 500 jobs in Scotland to support the collection, sorting and counting of products within scope of the scheme.

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Key Segments Covered in the Waste to energy (WTE) Industry Survey

Waste to Energy (WTE) Market by Technology:

• Thermal Waste to Energy (WTE) Technology
  • Incineration
  • Pyrolysis & Gasification
• Biological Waste to Energy (WTE) Technology

Waste to Energy (WTE) Market by Region:

• North America Waste to energy (WTE) Market
• Europe Waste to energy (WTE) Market
• Asia Pacific Waste to energy (WTE) Market
• Middle East & Africa Waste to energy (WTE) Market
• South America Waste to energy (WTE) Market

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the waste to energy (WTE) market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of technology (biological and thermal), across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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The global energy harvesting market is projected to record a CAGR of 7.5% from 2022-2032.

“A number of newly developed and efficient energy applications, broad acceptance of renewable energy sources, and green energy harvesting are likely to play a critical role in the growth of the worldwide energy harvesting Industry.”

Growing applications of the energy harvesting technology and home automation is another key driver to the market growth. The green energy harvesting trend is effectively governing the market, while favourable initiatives by various governments are also boosting the market on a global level. Energy harvesting on a significant scale is used in industrial WSNs, and this trend is projected to continue during the forecast period.

What Restrains the Growth of the Energy Harvesting Market?

“Shift in energy harvesting technology from off grid to smart grid will drive the energy harvesting demand”

Energy harvesting technology is utilized off-grid or on-demand; both of these usage patterns, however, have inherent technological challenges that may limit the market’s demand for energy harvesting equipment. Another deterring factor includes inadequate awareness among consumers about the availability and usage of the energy harvesting systems based on harvested energy.

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Moreover, relatively higher initial costs associated with these devices are expected to curtail the growth of the market globally. The energy harvesting technology generates lower current, which makes it incompatible for the application in all types of energy domains. Shifting to a smart grid paradigm can help the energy harvesting market in the direction of prosperity.

How is the Global Energy Harvesting Market Classified?

“Energy harvesting encompasses a wide range of energy harvesting systems, energy harvesting devices, energy harvesting technologies which are utilized for energy storage in a variety of energy harvesting projects”.

The energy harvesting market based on application is segmented as wireless sensor network (WSN), consumer electronics, industrial, building, bicycle dynamo, military and aerospace, automotive, healthcare, and others (research, animals, and farming).

Among these, consumer electronics, including mobile phones, wrist watches, calculators, and piezoelectric gas lighters, cover the maximum share of the global energy harvesting market, followed by military and aerospace-based applications. However, building and home automation is the fastest growing application segment in the energy harvesting sector.

Energy harvesting is also an integral part in a wireless sensor network (WSN) these days. Building and infrastructure, home automation of lighting, security, and electronics, and WSNs for bridges are among the most popular energy harvesting applications in recent years using multiple devices for energy harvesting.

A current trend in wireless energy harvesting is the use of mmWave (millimeter wave) for 5G cellular networks. Energy harvesting is estimated to find increasing applications in the automobile industry in the near future.

The advent of nano technology has offered ample growth opportunities to the energy harvesting market. Since nanotechnology helps manufacturing of compact-sized devices, the emergence of portable energy devices based on energy harvesting technology is the most likely occurrence in the market.

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Which Region Is Likely to have a Dominant Stance in the Energy Harvesting Market?

“Investment in new energy harvesting technologies and energy harvesting materials along with energy storage devices will be preferred by energy harvesting projects”

The energy harvesting market can also be segmented into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and the Middle East and Africa. America is projected to remain the dominating markets in 2016, with a significant market share.

Europe will be the fastest growing market, owing to burgeoning promotion and investments by The European Commission in R&D of energy harvesting and energy storage devices. North America and Asia Pacific will also account for remarkable market shares by 2020 end.

In North America, the U.S. will dominate, whereas in APAC, Japan will reportedly contribute the largest share to the total energy harvesting market revenues.

Key Questions Answered in the Report

What is the Growth Outlook for the Global Energy Harvesting Market?

The global energy harvesting market is anticipated to register a CAGR of 7.5% from 2022 to 2032.

How much can the Energy Harvesting Market Grow by 2032?

The global energy harvesting market in likely to cross US$ 1 Bn mark by 2032.

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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During the projection period, the solar tracker for the power generation market is expected to increase at a CAGR of 7.5 percent, from US$ 6 billion in 2021 to US$ 9.5 billion in 2027.

The increase in CAGR is due to the demand for solar tracker for power generation, which is expected to revert to pre-pandemic levels once the pandemic is over.

Rising investments in various utility-scale solar tracker projects throughout developing countries are expected to boost solar’s part of the renewable energy mix, boosting solar tracker for power generation market growth. Despite the epidemic, global shipments have climbed significantly, prompting large corporations to focus on expanding their supply networks to satisfy post-pandemic demand.

Environmental degradation, rising fuel prices, and growing public awareness of the benefits of renewable energy are projected to propel the worldwide solar tracking system market forward.

The global demand for solar tracker for power generation is likely to be restrained by high maintenance requirements, high costs compared to stationary competitors and a more sophisticated system than fixed racking. Government initiatives, reduced design complexity, and solar tracker research are expected to drive the solar tracker market forward.

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Power generation by solar panel market growth is threatened by high capital investment and a lack of required infrastructure. The initial large capital investments necessary to deploy these devices are the primary limitation for the sales of solar tracker for power generation. Another problem that inhibits power generation and distribution investment in the sector is a lack of critical infrastructure.

Lack of awareness of the benefits of fixed-tilt installations over tracker installations has impeded expansion in regions such as the Asia Pacific and Europe.

The investments in solar tracker for power generation are expected to be fuelled by green energy goals. Countries are contributing to the global effort to reduce carbon emissions by setting their own green energy goals. For example, by the end of 2023, Brazil wants 42.5 percent of its primary energy supply to be renewable.

The UK government plans to generate approximately half of its electricity from renewables by 2025, according to the quick carbon analysis. Germany is likewise on track to generate 65 percent of its total energy from renewable sources by 2030.

In Asia, China aims to generate 16% of its energy from renewable sources by 2030. Following the country’s investments in solar tracking system, the renewable energy sector is predicted to hold a 26 percent share, exceeding the aim.

Increased operational efficiency with tracker deployment is anticipated to boost the solar tracker for power generation market growth. Simple solar tracker circuit installations are less efficient than solar farms and individual solar installations with tracking systems.

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Furthermore, these systems tend to make better use of space, which is necessary for both fixed-tilt and moving systems. These features, together with the availability of single-axis and dual-axis solar trackers, give clients a variety of alternatives and are projected to fuel global market expansion.

Key Takeaways

• The single-axis solar segment is expected to develop at a 7% annual rate through 2028, owing to its improved uniformity and longer lifetime. The key aspects that are expected to improve the industry landscape are increased efficiency, cheaper costs, and ease of operation.
• In 2021, photovoltaic technology accounted for more than 99 percent of the solar tracker for power generation market. The solar PV industry’s service providers are concentrating on developing innovative products with increased power production, environmental compatibility, and unit optimization in order to increase product penetration.
• The solar tracker for power generation market in North America is predicted to grow at a 5% CAGR from 2022 to 2028, owing to the large-scale integration of clean energy resources into the energy mix. Fiscal incentives, federal tax credits, and leveraging schemes, as well as changing renewable energy grid connectivity requirements, will propel the power generation process scenario.
• As the number of new solar projects grows at a rapid rate and various market participants develop innovative products, photovoltaic (PV) technology will capture 99 percent of the market share in 2021.

Competitive Landscape

This solar tracker for power generation market is controlled by tracker manufacturers such as NEXTracker, Soltec, and Arctech Solar, according to the competitive landscape.

NEXTracker has the largest solar tracker project market share in the world, with contracts from governments all over the world. Other significant competitors in the industry, including Array Technologies, Exosun, and Solar Steel, are expanding their customer base and building a strong presence. In the next few years, this is projected to result in a competitive industry for tracker sales.

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Key Industry Developments

Trina Solar introduced the TrinaTracker Agile 1P Dual Row, a dual-row, one-in-portrait, single-axis tracker that works with modules ranging from 400 to 670 watts. After the Vanguard series debuted in December, the Agile series joined the TrinaTracker family.

To explain the cost and output of the additional solar tracking features, Mass Megawatts announced plans for a solar tracker trailer trip using modest solar units. The tour will begin at the end of 2021, according to the business. The mobile units should assist sell the new innovation to many potential consumers who would not be easily convinced to get engaged with the new technology, with one unit exhibiting the tracker and another unit being almost identical without the solar tracking system.

Key Market Segments

By Product:

• Single Axis
• Dual Axis

By Technology:

• PV
• CSP

By Application:

• Residential
• Commercial & Industrial
• Utility

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East and Africa

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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The electrified aircraft propulsion market share is expected to reach US$ 6 Bn in 2021 and US$ 20 Bn by 2030, with a CAGR of 14.3% during the projected timeline. The adoption of cleaner and greener aircraft, advancements in sophisticated air mobility, and alternative energy sources are all driving the demand for electrified aircraft propulsion forward.

Owing to the announced lockdowns and government restrictions on public meetings owing to the COVID-19 epidemic, research and development in the electrified aircraft propulsion market have been impeded around the world.

The pandemic has slowed the production of components, including lithium-ion batteries and other power electronics parts. As the globe returns to normalcy, the sales of electrified aircraft propulsion will see a significant rise.

The shortage of replacement parts is hindering continued prototype research and development. Due to the current constraints, companies are unable to test their prepared prototypes, but this is expected to restart once the restrictions on aircraft propulsion are lifted.

With the growing size of the global aircraft fleet and increased airline travel, emission issues are expected to climb even more.

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As a result, there is a desire for electrified aircraft, which is likely to aid in the reduction of carbon emissions. Institutions and local authorities such as the International Civil Aviation Organization, the Federal Aviation Administration, and the European Union Aviation Safety Agency have called for viable aircraft fuel alternatives.

Manufacturers strive to change effectiveness by substituting hydraulically operated systems with electric systems in the electrification of aircraft.

The poor energy density of batteries is one of the most significant issues that electric aircraft manufacturers confront when it comes to long-distance flights. The watt-hours per kilogram (Wh/kg) unit of measurement for aircraft propulsion is commonly used.

The current lithium-ion batteries have an energy density of 250 Wh/kg, which is far lower than the 12,000 Wh/kg energy density offered by conventional jet fuel or kerosene. As a result, all-electric long-haul commercial flights are still a long way off, as fossil fuels are 14 times more energy-dense than battery-powered alternatives.

Some of the major factors driving the growth of the global aircraft electrification market are an increase in global government concerns about environmental pollution, stringent rules regarding carbon emissions through airplanes by the aircraft industry to reduce aircraft noise, and low operational costs.

Electric aircraft’s restricted range and capacity, on the other hand, are projected to hinder market expansion. On the other hand, advancements in superior power electronics components and Lithium-ion battery technology are expected to open up the attractive potential for the electrified aircraft propulsion market.

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 Key Takeaways

• With a market dominance of 24.3 percent in 2021, the battery sector is anticipated to drive the electrified aircraft propulsion market over the projected period.
• According to technology, the hybrid electric aircraft segment of the aircraft electrification market is expected to grow at the fastest rate during the forecast period.
• From 2021 through 2030, the North American market is expected to contribute the most. The increasing demand for new airplanes in North America is one of the main reasons for the region’s leadership in the electrified aircraft propulsion market.
• Turbogenerators for powering electric motors and batteries, electric actuators, and fly-by-wire are among the latest innovative technologies in the aviation electrification business.

Competitive Landscape

To consolidate their power in the electrified aircraft propulsion market, key players have used a variety of organic and inorganic techniques.

Safran, Thales Group, Raytheon Technologies, and GE Aviation have used a number of strategies to expand their market position, including acquisitions, contracts, new product launches, collaborations, and agreements.

 Recent Developments

GE Aviation chose Boeing in February 2022 to assist flying tests of their hybrid-electric propulsion system on a modified Saab 340B aircraft with CT7-9B turboprop engines.

GE Aviation will get airplane modification, system integration, and flight-testing services from Boeing and its affiliate Aurora Flight Sciences.

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MagniX and DESAER, a Brazilian aviation business, established cooperation in February 2022 to develop the ATL-100H, a hybrid-electric version of the ATL-100 regional aircraft.

Depending on the range of operation, the ATL-100H is predicted to save 25-40% of gasoline, which is a considerable reduction in carbon emissions. The hybrid-electric aircraft ATL-100H’s revolutionary design is the first step toward DESAER’s goal of developing an all-electric aircraft, addressing the world’s growing recognition of the need to advance sustainable aviation practices.

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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The demand for solar district heating market exceeded USD 2.5 billion in 2021, and it is expected to increase at a CAGR of over 6.8% from 2022 to 2032.

The global solar district heating market is predicted to grow over the forecast period, as technology is a cost-effective and environmentally responsible way of providing heat and energy. Solar thermal is expected to meet 15–20 percent of worldwide district heat demand by 2022, according to studies.

The solar district heating market trends indicate that the industry will rise as more public and private actors participate in infrastructure development, as well as the lower operating and maintenance costs of solar district heating (SDH) systems. Their environmentally benign nature, combined with low greenhouse gas emissions and simplicity of access, will impact product uptake favourably. In addition, strong energy efficiency standards and rules are being implemented to help the sector expand.

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The emerging trends in the solar district heating market portray rapid industrialization as one of the main drivers of the industry. Globally, the number of industries is increasing. As a result, there is a significant demand for electricity and heat. This has significantly improved the sales of solar district heating systems. As a result, during the projected period, the worldwide solar district heating market is expected to be driven by increasing industrialization.

As per the solar district market report, district heating has recently emerged as one of the prospective markets for renewable energy, with solar energy likely to play a major role throughout the projection period. Solar thermal energy is widely employed in both industrial and residential settings.

Another important benefit is affordable heat, which is projected to boost the overall demand for solar district heating in the future. The global solar district heating market adoption trends are likely to be established as a prominent application category for electricity and heating.

Solar district heating market key trends & opportunities have established government rules that are aimed at lowering carbon emissions as a primary driver of the global solar district heating sector. Government incentive programmes that encourage the construction of solar district heating systems are also propelling the sector forward. Furthermore, due to environmental concerns, a majority of enterprises and government entities are switching to solar energy applications from traditional district heating systems.

Rapid urbanization is one of the primary drivers of the worldwide solar district heating market, as cities grow in size and demand for energy-efficient, low-carbon solutions increases. Solar district heating systems provide zero-emission solutions, propelling the solar district heating sector forward.

Over the projection period, the worldwide solar district heating market forecast is likely to be hampered by high initial costs associated with solar system installations. The overall market demand is projected to be hampered in the future by high heat distribution temperatures in district heating systems, resulting in low solar collector performance.

By 2025, the market for solar district heating is expected to have surpassed US$ 7 billion.

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Key Takeaways

• The Asia Pacific solar district heating system market is expected to be driven by favourable regulatory policies that encourage infrastructure development and an increase in renewable energy investments.
• Rapid urbanization and greater spending on solar district heating system development are expected to boost demand for solar district heating systems.
• Due to increased infrastructure expenditures and solar-based power generating projects, China and Japan are likely to account for a considerable proportion of the Asia Pacific solar district heating market over the forecast period.
• Due to the introduction of sustainable construction solutions as well as internal heat loads, the residential and central solar heating industry is expected to reach US$ 2 billion by 2028.
• During the forthcoming years, the solar district heating market in Latin America and the Middle East, and Africa is expected to grow at a rapid pace.

Competitive Landscape

Fortum, KELAG Energie & Wärme GmbH, Göteborg Energi, Korea District Heating Corporation, Keppel Corporation Limited, LOGSTOR A/S, rsted A/S, Ramboll Group A/S, RWE, NRG Energy, Inc., Shinryo Corporation, Statkraft, STEAG GmbH, Vattenfall AB, Savosolar, and Aalborg CSP are among the major players in the solar district heating market. Mergers, joint ventures, strategic ramifications, product innovations, and contracts, among other things, is likely to boost the corporate picture.

The global market study on solar district heating established that the market presence of well-established firms would be enhanced by strategic alliances and collaborations, as well as ongoing agreements.

Savosolar was awarded a contract by Fernwärme Ettenheim GmbH in July 2019 to install a solar district heating system in Germany. The company plans to deliver a 1,700 square metre solar collector field with a heat storage capacity of 200 cubic metres to the city southwest of Stuttgart. By the end of 2019, the deal is expected to be valued at more than US$ 904,000.

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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T: +1-845-579-5705
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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.

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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.

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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.

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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 Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The power management system market size is expected to expand significantly at a CAGR of 6.1% during the forecast period, owing to the increasing requirement for energy efficiency throughout the industrial landscape.

Integration of sophisticated technologies such as cloud-based platforms and IoT are likely to drive rapid industrial growth. Power management systems are dedicated microsystems designed to aid in the intelligent automation of industrial power grids.

Power management systems are designed to prevent blackouts and optimize the performance of operations and vital processes in load shedding and power system control applications.

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Another significant driver of the power management system market is an increase in electricity demand. Governments and businesses all around the world are investing in the installation of grids in remote locations. The need for power management systems is expected to rise as a result of this.

As a result, an increase in electricity consumption is expected to boost the power management system market throughout the forecast period.

The growing number of renewable energy installations is one of the most notable factors driving the growth of the power management system market. Renewables are rapidly becoming the world’s fastest-growing energy source.

Despite the COVID-19-induced economic downturn, renewable energy capacity exceeded previous predictions.

The pandemic triggered by the unique coronavirus outbreak has not only resulted in a catastrophic health catastrophe but has also ushered in a new period of economic instability across a wide range of industries. This is visible in a variety of ways, most notably in energy demand and consumption patterns.

Power monitoring and control sector in the power management system market demand is predicted to be strong in industries such as oil & gas, mining, data centers, and telecom & IT. These industries are concentrating their efforts on creating a more energy-efficient system. As a result, the power monitoring and control segment is expected to grow significantly in the near future.

The end-user segment of the power management system market, oil and gas and telecom, and IT are expected to grow at a substantial CAGR throughout the projection period.

Due to frequent improvements and the introduction of new energy management technologies, the software will emerge as a key segment in the power management system market by 2027.

The Asia Pacific area is a prosperous region for the power management system market. The market in the region is likely to grow at a rapid CAGR during the forecast period as a result of increased industrialization and government attempts to electrify all areas of their respective countries.

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In terms of electricity consumption in the Asia Pacific, China, India, and Japan are the leaders. The region’s need for power management systems is increasing as people become more aware of the benefits of conserving energy. During the predicted period, this tendency is likely to continue.

By 2027, Latin America is expected to account for a sizable part of the power management system market. This is mostly due to the region’s expanding grid construction and energy-related enterprises.

Key Takeaways:

• The power monitoring and control category led the market with a 23.68% share and is likely to retain its dominance during the forecast years.
• With a power management system market share of 25.8%, the oil and gas category leads.

Competitive Landscape:

Some of the leading players in the power management system market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), GE (US), ETAP (US), Wartsila (Finland), and Mitsubishi (Japan).

Contracts & agreements were the most commonly adopted strategy by top players in the power management system market. It was followed by new product developments, investments and expansions, and mergers & acquisitions.

• Eaton, a prominent power management company, will release its new Intelligent Power Manager (IPM) 2 software to the worldwide market in July 2021. The software, which was launched as a major component of the Eaton Brightlayer Data Centers package, was aimed to provide stronger power infrastructure control in edge computing or business applications to minimize costly outages.
• In June 2021, Chile will inaugurate Latin America’s first concentrated solar power facility, which will provide 100% renewable and clean electricity to over 380,000 households. Cerro Dominador is a first-of-its-kind hybrid solar thermal and photovoltaic system in Latin America, with a total capacity of 210 MW that will deliver green energy to Chile’s power grid.

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Key segments

By Type:

• Software
• Hardware
• Services

By Module:

• Power Monitoring and Control
• Load Shedding and Management
• Power Simulator
• Generator Control
• Others

By End Use:

• Marine
• Oil & Gas
• Data Centers
• Metals & Mining
• Others

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com