Fuel Cells In Aerospace And Defense Market Focusing On The Basis Of Aerospace (Product & Application), Defense (Product & Application), Region And Forecast 2028: Grand View Research Inc.

San Francisco, 27 Oct 2023: The Report Fuel Cells In Aerospace And Defense Market Size, Share & Trends Analysis Report By Product (PEMFC, SOFC), By Application In Aerospace, By Application In Defense, By Region, And Segment Forecasts, 2021 – 2028

The global fuel cells in aerospace market size is expected to reach USD 1,618.33 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.6% from 2021 to 2028. Growing awareness regarding alternative sources of energy is one of the major factors contributing to the growth of the market.

The North American market for fuel cells in aerospace and defense is driven by significant support from the federal government of the countries. The U.K. is the leading country for fuel cells in aerospace and defense in the European region. Rising military spending in the APAC region has augmented the demand for military defense/UAVs and military vehicles. This, in turn, is anticipated to lead to the demand for fuel cells used in defense applications.

The market is likely to witness strategic alliances among businesses to expand their end-user segments in emerging markets. Public-private partnerships are predicted to be critical for attaining an economically viable technological shift. The introduction of cleaner technologies to substitute the existing methodologies is anticipated to lead to high costs, which is projected to limit innovations carried out by key market players.

The global fuel cell market is highly competitive owing to continuous technological advancements being introduced by the existing vendors and new entrants. Industry players are focusing on strengthening their relations with system installers and are looking at collaborations and mergers as strategies to help them enhance their presence in the value chain and expand their geographical presence.

Installers and system providers usually hold stock of major equipment in inventories. However, manufacturers faced bottlenecks and shortages owing to limited production in countries severely affected by the COVID-19. Furthermore, upcoming fuel cell-based large-scale projects witnessed delays in commissioning due to disruptions in the supply chain and halting of onsite construction activities in severely affected areas.

Access Research Report of Fuel Cells In Aerospace And Defense Market @ https://www.grandviewresearch.com/industry-analysis/fuel-cells-aerospace-defense-market-report

 Fuel Cells In Aerospace And Defense Market Report Highlights

• In the aerospace industry, the PEMFC product segment accounted for the largest revenue share of over 85.0% in 2020. In the defense industry, PEMFC is used in various applications such as military vehicles and military drones
• In the defense industry, the military vehicles application segment accounted for the largest revenue share of over 50.0% in 2020. Vendors operating in the military vehicles market are partnering with fuel cell technology providers to launch fuel cell-based military ground vehicles
• In August 2020, the U.S. Department of Energy (DOE) announced to invest USD 18.5 million as part of the Advanced Research Projects Agency-Energy’s (ARPA-E) Range Extenders for Electric Aviation with Low Carbon and High Efficiency (REEACH) program. The team is developing a highly efficient and cost-effective hybrid-electric turbogenerator suitable for powering a narrow-body aircraft like B737
• Zero-emission-powered fuel cells deliver high efficiency and are more reliable in the case of long-distance flights and military surveillance. Thus, increasing aerospace and defense spending provides an opportunity for fuel cell technology to evolve and penetrate the market

Fuel Cells In Aerospace And Defense Market Report Scope 

Report Attribute	Details
Market size value in 2021 (Aerospace)	USD 249.78 million
Revenue forecast in 2028 (Aerospace)	USD 1,618.33 million
Growth Rate	CAGR of 30.6% from 2021 to 2028
Market size value in 2021 (Defense)	USD 488.62 million
Revenue forecast in 2028 (Defense)	USD 996.06 million
Growth Rate	CAGR of 10.7% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 – 2019
Forecast period	2021 – 2028

List of Key Players of Fuel Cells In Aerospace And Defense Market

• Advent Technologies
• Australian Fuel Cells Pty Ltd.
• Cummins Inc.
• ElringKlinger AG
• GenCell Ltd.
• Honeywell International Inc.
• Infinity Fuel Cell and Hydrogen, Inc.
• Intelligent Energy Limited
• Loop Energy Inc.
• Plug Power, Inc.

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U.S. Residential Solar PV Market Focusing On The Basis Of Construction, State And Forecast 2030: Grand View Research Inc.

San Francisco, 2 June 2023: The Report U.S. Residential Solar PV Market Size, Share & Trends Analysis Report By Construction (Retrofit, New Construction), By State (California, Texas, New York, Arizona, New Jersey, Massachusetts), And Segment Forecasts, 2023 – 2030

The U.S. residential solar PV market size is expected to reach USD 44.77 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.3% from 2023 to 2030. Increasing demand for clean and renewable energy production coupled with stringent regulations regarding carbon emissions is expected to boost growth during the forecast period.

Governments across the world have started to adopt solar energy for power production due to it being clean and renewable. Many countries have set targets to reduce their carbon emissions and reduce reliance on conventional energy sources by promoting the use of solar energy for power production. The economies of scale achieved due to this increased demand have in turn decreased the cost of the components making solar energy system installation viable on a smaller scale.

The increasing energy need for emerging states in the U.S. such as California, Texas, and Arizona is expected to positively impact the residential solar PV industry. The decline in the price of solar energy system components has increased the viability of solar energy system installations in the residential sector. The new construction segment in the U.S. Residential Solar PV market is expected to grow significantly in the forecast period owing to the increasing adoption of government regulations to mandate the installation of solar PV into new construction homes.

States such as California and Texas are expected to boost the industry’s growth over the forecast period owing to the high amount of investments for solar PV in the States and the increasing energy requirement boosting the demand for solar PV in the States. The price of the components in the solar PV systems market has been declining consistently for the last 10 years and this trend is expected to continue for the forecast period, in turn increasing the demand in the residential sector increasing the demand.

Access Research Report of U.S. Residential Solar PV Market @ https://www.grandviewresearch.com/industry-analysis/us-residential-solar-pv-market-report

U.S Residential Solar PV Market Report Highlights

• Various state governments have set targets to reduce carbon emissions and have implemented policies to promote the adoption of solar PV systems in the residential sector which is expected to boost the solar PV demand over the forecast period
• The retrofit segment accounted for about 74.12% of the market share in 2022. Solar PV is the most complex component in solar energy systems and received the highest investments for R&D
• California is projected to grow at a substantial CAGR throughout the forecast period. The rest of the U.S. is expected to account for the maximum share
• Solar power accounted for a 3.4% share of the total electricity generation mix in the U.S. in 2022

List of Key Players of U.S. Residential Solar PV Market

• Tesla
• SunPower Corp.
• Sunrun
• Trinity Solar Inc.
• Sungevity
• Momentum Solar
• SPI Energy Co. Ltd.
• Ace Solar
• Sunlux
• Titan Solar Power

Access Press Release of U.S. Residential Solar PV Market @ https://www.grandviewresearch.com/press-release/us-residential-solar-pv-market-analysis

Biogas Market Outlook On The Basis Of Source, Application, Region And Forecast From 2023 to 2030

San Francisco, 25 May 2023: The Report Biogas Market Size, Share & Trends Analysis Report By Source (Municipal, Agricultural, Industrial), By Application (Vehicle Fuel, Electricity, Heat, Upgraded Biogas, Cooking Gas), By Region, And Segment Forecasts, 2023 – 2030

The global biogas market size is expected to reach USD 87.85 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2023 to 2030. Electricity was the dominant application segment in 2021 with a revenue share of 29.85%. Shifting focus toward the use of renewable sources of energy, mainly in the electricity sector, has considerably boosted the demand for biogas in electricity applications. In addition, the growing need to reduce dependency on fossil fuels is forming lucrative prospects for biogas in applications such as vehicle fuel.

The COVID-19 pandemic is also impacting the demand for biogas in heat generation applications. Sluggish industrial activities have reduced the demand for heat consumption, thereby negatively affecting the demand for biogas. The shifting priorities of consumers to focus on essentials such as food and medicines is further affecting the product demand in the cooking gas application segment owing to the high initial investment associated with setting up digesters.

The growing trend of the circular economy, particularly in European countries, is shifting the focus of food and beverage industries towards proper management of food waste to attain a zero-waste economy. Therefore, companies such as Nestlé S.A., PepsiCo, Inc., and Unilever plc have started directing some food waste to biogas production to generate power for manufacturing units.

The increasing adoption of biogas in Canada is a major growth driver for the growth of the market in North America. Biogas production is expected to increase to increasing demand for fuel with low emission of harmful gases and the need for a reduction in greenhouse gas emissions. Manufacturers of biogas are adopting strategies, such as mergers and acquisitions, to increase their market share and production capacity in the region. South Africa is expected to provide ample opportunities for the market on account of ongoing concerns regarding GHG emission levels in the country. The country is focusing on developing biogas production to limit carbon emissions in the country.

Access Research Report of Biogas Market @ https://www.grandviewresearch.com/industry-analysis/biogas-market

Biogas Market Report Highlights

• The municipal source segment led the market and accounted for 41.45% revenue share in 2022.
• The U.S. in the North America region dominated the market and accounted for about 79.21% of the global revenue share in 2022
• Europe was the dominant regional segment in 2021 and accounted for about 41% of the revenue share in 2022.
• Favorable regulatory policies along with rising government investments will further boost the adoption of biogas in the country. For instance, the Dubai Municipality build a biogas plant at the Warsan sewage treatment plant, and this project will help decrease carbon dioxide emissions. This project is guided by the Dubai Clean Energy Strategy 2050, and with this strategy, the city aims to become the world’s minimum carbon footprint city by the year 2050.

List of Key Players in the Biogas Market

• Agrinz Technologies GmbH
• Air Liquide
• DMT International
• Gasum Oy
• HomeBiogas Inc
• PlanET Biogas
• Scandinavian Biogas Fuels International AB
• Schmack Biogas Service
• Total
• Xebec Adsorption Inc

 Access Press Release of Biogas Market @ https://www.grandviewresearch.com/press-release/global-biogas-market

Thermal Energy Storage Market Outlook On The Basis Of Product Type, Technology, Storage Material, Application, End User, Region And Forecast From 2027: Grand View Research Inc.

San Francisco, 16 May 2023: The Report Thermal Energy Storage Market Size, Share & Trends Analysis Report By Product Type, By Technology, By Storage Material, By Application, By End User, By Region, And Segment Forecasts, 2020 – 2027

The global thermal energy storage market size is expected to reach USD 7.74 billion by 2027, expanding at a CAGR of 9.45% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rising demand for cost competitive and efficient energy sources is likely to boost the market growth over the forecast period.

The market is primarily driven by the use of thermal energy storage as a major renewable option for electricity generation. Heat stored by seasonal and short-term thermal energy storage systems helps balance the variations in the production and distribution of renewable electricity in a cost-effective manner. Moreover, it is a sustainable energy source and causes no adverse environmental impact. Growing adoption of renewable energy is expected to positively influence the market growth.

Several thermal energy storage equipment manufacturers and service providers adopt strategies, such as collaborations, joint ventures, partnerships, agreements, and new product development, to cater to the changing technological requirements of different end users, thereby enhancing their foothold across the market. Major manufacturers include Evapco Inc.; Ice Energy; Caldwell Energy Company; and Abengoa Solar, S.A. The manufactured systems include ice thermal energy systems, heating terminals, heating pump chillers, heat exchangers, solar steam systems, air conditioning systems, heliostats, and parabolic trough collectors.

The global market is characterized by high competition and market players are focusing on forward integration by establishing their presence in manufacturing as well as distribution. Distributors in the value chain include thermal energy storage stations and plants, combined heat power (CHP) plants, microgrids, and cogeneration power plants as well as district energy, district heating and cooling, and process cooling.

Access Research Report of Thermal Energy Storage Market @ https://www.grandviewresearch.com/industry-analysis/thermal-energy-storage-market

Thermal Energy Storage Market Report Highlights

• Molten salt technology occupied the largest revenue share in 2019 owing to its high technological efficiency and usage in several solar power projects
• Ice-based technology is projected to witness significant growth over the forecast period owing to growing applications of ice storage air conditioning
• By product type, sensible heat storage occupied the largest revenue share in 2019 owing to its applicability across large scale heating, ventilation, and air conditioning (HVAC) systems
• Asia Pacific is expected to be the fastest growing regional market over the forecast period owing to growing demand for reliable power supply across developing economies, such as China and India.

List of Key Players of Thermal Energy Storage Market

• BrightSource Energy Inc.
• SolarReserve LLC
• Abengoa SA
• Terrafore Technologies LLC
• Baltimore Aircoil Company
• Ice Energy
• Caldwell Energy
• Cryogel
• Steffes Corporation

Access Press Release of Thermal Energy Storage Market @ https://www.grandviewresearch.com/press-release/global-thermal-energy-storage-market

Battery Management System Market Focusing On The Basis Of Battery Type, Topology, Application, Region And Forecast 2025: Grand View Research Inc.

San Francisco, 10 May 2023: The Report Battery Management System Market Size, Share & Trends Analysis Report By Battery Type (Lithium-Ion, Lead-acid, Nickel), By Topology (Centralized, Modular), By Application, And Segment Forecasts, 2019 – 2025

The global battery management system market size is anticipated to reach USD 12.23 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to exhibit a CAGR of 19.0% over the forecast period. Increasing use of renewable energy for a variety of applications due to rising concerns regarding climate change across the globe is expected to play a key role in the overall market development. Decreasing prices of batteries and solar photovoltaic cells and favorable government incentives are also encouraging end users to use renewable energy, which, in turn, will boost market growth.

However, renewable power sources, such as wind and solar are affected by weather, location, time, etc. leading to inconsistencies when it comes to energy supply. The use of Energy Storage Systems (ESS) in these scenarios helps smoothen these variabilities and store energy for future use. Demand for effective BMS will increase in future owing to the huge investments made by a number of countries for the larger adoption of renewable energy. Lead-acid batteries are the most commonly used batteries in ESS owing to applications, such as standalone battery systems used to handle output fluctuations from the wind and solar power.

Electricity grids are undergoing modernization through implementing power flow measurement, exercising a larger control on power production and distribution, and monitoring information on electricity use. Further, transmission and distribution of electricity through grids includes transformers, substations, and power lines that transport electricity from the point of generation. When electricity is distributed though transmission line, it loses its transmission due to high voltage and consumption patterns. Hence BMS helps maintain the balance between excess energy supply and demand. This factor is expected to boost the product demand over the coming years.

Access Research Report of Battery Management System Market @ https://www.grandviewresearch.com/industry-analysis/battery-management-system-bms-market

Further key findings from the study suggest:

• Growing penetration of UPS solutions in the IT and medical industries to bring down chances of data loss due to unexpected power cuts/outages is expected to spur the demand for BMSs
• Lithium-ion-based battery type is anticipated to witness the highest CAGR of 24.2% over the projected period owing to its applications in products requiring high-energy density solutions, such as Electric Vehicles (EVs), and personal applications, such as mobile phones
• Based on topology, centralized BMSs are anticipated to lead the market over the forecast period due to growing scope of applications, such as in industrial UPS, EVs, drones, and ESS
• Stringent regulations aimed at reducing carbon emissions in developed countries and growing penetration of EVs in emerging economies is expected to spur the product demand in the automotive sector
• Asia Pacific is anticipated to emerge as the fastest-growing regional market from 2019 to 2025. Several countries are encouraging the usage of EVs to bring down the levels of noise and air pollution, which, in turn, will augment the market growth in this region
• Some of the key companies in the global BMS market include Texas Instruments, Inc. (U.S.); NXP Semiconductor N.V. (Netherlands); Elithion, Inc. (U.S.); and Vecture, Inc. (U.S.)

Access Press Release of Battery Management System Market @ https://www.grandviewresearch.com/press-release/global-battery-management-system-bms-market

Carbon Dioxide Market Segment Analysis By Source, Application, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 23 Feb 2023: The Report Carbon Dioxide Market Size, Share & Trends Analysis Report By Source (Ethyl Alcohol, Ethylene Oxide), By Application (Food & Beverages, Oil & Gas, Medical), By Region, And Segment Forecasts, 2022 – 2030

The global carbon dioxide market size is expected to reach USD 6.83 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.3% from 2022 to 2030. Increasing usage of carbon dioxide for Enhanced Oil Recovery (EOR), and in the food & beverages and medical industries, is anticipated to fuel the growth of the global market during the forecast period. Depleting oil reserves and increasing dependence of different regions, mainly Asia Pacific, on crude oil imports, have surged the deployment of EOR technology, thereby contributing to the increased demand for Carbon Dioxide (CO2).

Based on source, the ethyl alcohol segment is expected to continue dominating the market from 2022 to 2030. The growth of this segment can be attributed to the high reliability of ethyl alcohol as an easily available long-term source for carbon dioxide, along with its increased commercial value for producing carbon dioxide as a byproduct. The surge in demand for food-grade carbon dioxide across the world during the forecast period is expected to increase the utilization of ethyl alcohol for producing carbon dioxide.

Among sources, the Substitute Natural Gas (SNG) segment is anticipated to register the fastest CAGR over the forecast period. SNG is utilized to obtain carbon dioxide. It is subjected to electrolysis with water to again formulate substitute natural gas. Thus, the fact that SNG can be reutilized is expected to drive the growth of the segment from 2022 to 2030. Other sources are also expected to contribute significantly to the growing demand for carbon dioxide in various application segments. Constant R&D efforts to carry out cost-effective manufacturing of CO2 from various other sources are anticipated to fuel its production across the world.

Based on application, the market has been segmented into food & beverages, oil & gas, medical, rubber, firefighting, and others. Food & beverages is the largest segment of the market. It is anticipated to be the fastest-growing application segment from 2022 to 2030. Food-grade carbon dioxide is mostly used in carbonated beverages while industrial-grade carbon dioxide is widely used for preserving the cryogenic temperature of frozen products.

Increasing consumption of carbon dioxide in medical applications and its surging demand for EOR also contribute to the market growth. The expansion of the industrial sector in North America is anticipated to fuel the demand for carbon dioxide in the region. This, in turn, is expected to contribute to market growth in North America from 2022 to 2030. In addition, the flourishing oil & gas industry in the region is projected to promote the demand for carbon dioxide owing to its increased usage in enhanced oil recovery processes.

Access Research Report of Carbon Dioxide Market @ https://www.grandviewresearch.com/industry-analysis/carbon-dioxide-market

Carbon Dioxide Market Report Highlights

• In terms of revenue, the ethyl alcohol segment accounted for a prominent share of the market in 2021 and is expected to witness steady growth over the forecast period
• Based on application, the food & beverages segment dominated the market by accounting for a share of more than 35.0% in 2021 in terms of revenue
• North America accounted for a share of 51.0% in terms of revenue in 2021, while the market in Asia Pacific is projected to grow at the highest CAGR of 7.6% in terms of revenue from 2022 to 2030
• Various strategic initiatives by the key players have led to the growth of the global market. For instance, in August 2019, Air Products and Chemicals, Inc. acquired the gasification business unit of General Electric Company to expand its synthesis gas solutions product offerings, strengthen its position and build, and own and operate gasification projects worldwide

List of Key Players in Carbon Dioxide Market

• Acail Gás
• Air Liquide
• Air Products and Chemicals, Inc.
• Greco Gas Inc.
• Linde AG
• Messer Group
• Sicgil India Limited
• SOL Group
• Strandmøllen A/S
• Taiyo Nippon Sanso Corporation

Access Press Release of Carbon Dioxide Market @ https://www.grandviewresearch.com/press-release/global-carbon-dioxide-co2-market

Flywheel Energy Storage System Market Segment Analysis By Application, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 27 Oct 2022: The Report Flywheel Energy Storage System Market Size, Share & Trends Analysis Report By Application (UPS, Distributed Energy Generation, Transport, Data Centers), By Region, And Segment Forecasts, 2022 – 2030

The global flywheel energy storage system market size is expected to reach USD 737.99 million, registering a CAGR of 9.8% during the forecast period from 2022 to 2030, according to a new report by Grand View Research, Inc. The rise in climate change issues and environmental concerns led various countries, around the world, to reduce their carbon footprint for power generation and transportation sector and to opt for cleaner and green energy technologies owing to the demand for flywheel energy storage is growing in its specific application segments.

The data center is the highest penetration application segment in the flywheel energy storage market due to the growing demand for energy storage devices, in order to overcome the risk of interruptions at the main power supply. UPS, with the second-highest penetration, is one of the most important application areas of flywheel energy storage systems. The growing demand for uninterrupted power supply from industries across various sectors is driving the market for UPS.

During the forecast period, the penetration of the distributed energy generation segment is projected to grow at the highest rate. This method of power generation helps in cost reduction as the power is generated at the point of consumption. Besides, the generation of power on-site eliminates inefficiencies and complexities associated with transmission and distribution.

The North America region is leading the market in 2021. The North American flywheel energy storage market is characterized by growing demand for UPS systems, to maintain a continuous supply of power for commercial and industrial applications.

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Flywheel Energy Storage System Market Report Highlights

• In terms of revenue, the other segment of flywheel wheel energy storage system accounted for a prominent share in the market during 2021 and is further expected to witness steady growth during the forecast period
• As of 2021, the Asia Pacific accounted for about 4.66% revenue share in the overall market. Asia Pacific region is prone to frequent power cuts, and energy storage systems in applications such as UPS and data centers are of utmost importance here, in both, the commercial as well as residential sectors
• Germany is known as the automobile and engineering hub of Europe. Some of the major automobile manufacturers such as Volkswagen, Mercedes Benz, and Porsche are headquartered in this country. Thus, the growing automobile industry is one of the biggest drivers of the flywheel energy storage market in Germany

List of Key Players in the Flywheel Energy Storage System Market

• Langley Holdings plc
• Amber Kinetics, Inc.
• Stornetic GmbH
• POWERTHRU
• Energiestro
• VYCON, Inc.
• Bc New Energy (Tianjin) Co., Ltd. (BNE)
• Beacon Power, LLC
• PUNCH Flybrid
• Kinetic Traction Systems, Inc.

Access Press Release of Flywheel Energy Storage System Market @ https://www.grandviewresearch.com/press-release/global-flywheel-energy-storage-market

Biogas Market Segmented On The Basis Of Source, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 1 Aug 2022: The Report Biogas Market Size, Share & Trends Analysis Report By Source (Municipal, Agricultural, Industrial), By Application (Vehicle Fuel, Electricity, Heat, Upgraded Biogas, Cooking Gas), By Region, And Segment Forecasts, 2022 – 2030

The global biogas market size is expected to reach USD 87.85 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2022 to 2030. Electricity was the dominant application segment in 2021 with a revenue share of 29.85%. Shifting focus toward the use of renewable sources of energy, mainly in the electricity sector, has considerably boosted the demand for biogas in electricity applications. In addition, the growing need to reduce dependency on fossil fuels is forming lucrative prospects for biogas in applications such as vehicle fuel.

The COVID-19 pandemic is also impacting the demand for biogas in heat generation applications. Sluggish industrial activities have reduced the demand for heat consumption, thereby negatively affecting the demand for biogas. The shifting priorities of consumers to focus on essentials such as food and medicines is further affecting the product demand in the cooking gas application segment owing to the high initial investment associated with setting up digesters.

The growing trend of the circular economy, particularly in European countries, is shifting the focus of food and beverage industries towards proper management of food waste to attain a zero-waste economy. Therefore, companies such as Nestlé S.A., PepsiCo, Inc., and Unilever plc have started directing some food waste to biogas production to generate power for manufacturing units.

The increasing adoption of biogas in Canada is a major growth driver for the growth of the market in North America. Biogas production is expected to increase to increasing demand for fuel with low emission of harmful gases and the need for a reduction in greenhouse gas emissions. Manufacturers of biogas are adopting strategies, such as mergers and acquisitions, to increase their market share and production capacity in the region. South Africa is expected to provide ample opportunities for the market on account of ongoing concerns regarding GHG emission levels in the country. The country is focusing on developing biogas production to limit carbon emissions in the country.

Access Research Report of Biogas Market @ https://www.grandviewresearch.com/industry-analysis/biogas-market

Biogas Market Report Highlights

• In terms of revenue, the municipal segment accounted for a prominent share in the market in 2021 and is further expected to witness prominent growth over the forecast period
• The U.S. in the North America region dominated the market and accounted for about 79.39% of the global revenue share in 2021
• As of 2021, Europe accounted for 41.81% revenue share of the overall market for biogas
• Favorable regulatory policies along with rising government investments will further boost the adoption of biogas in the country. For instance, the Dubai Municipality build a biogas plant at the Warsan sewage treatment plant, and this project will help decrease carbon dioxide emissions. This project is guided by the Dubai Clean Energy Strategy 2050, and with this strategy, the city aims to become the world’s minimum carbon footprint city by the year 2050.

List of Key Players in the Biogas Market

• Agrinz Technologies GmbH
• Air Liquide
• DMT International
• Gasum Oy
• HomeBiogas Inc
• PlanET Biogas
• Scandinavian Biogas Fuels International AB
• Schmack Biogas Service
• Total
• Xebec Adsorption Inc

Access Press Release of Biogas Market @ https://www.grandviewresearch.com/press-release/global-biogas-market

Hydrogen Generation Market Segmented On The Basis Of Technology, Application, Systems, Source, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 22 July 2022: The Report Hydrogen Generation Market Size, Share & Trends Analysis Report By Systems (Merchant, Captive), By Technology (Steam Methane Reforming, Coal Gasification), By Application, By Source, By Region, And Segment Forecasts, 2022 – 2030

The global hydrogen generation market size is expected to reach USD 225.55 billion by 2030, registering a CAGR of 6.4% during the forecast period, according to a new report by Grand View Research, Inc. The global hydrogen generation market is likely to be driven by the growing demand for cleaner fuel, coupled with increasing governmental regulations for the desulphurization of petroleum products.

Hydrogen is an effective energy carrier, and this quality is expected to contribute, significantly, to its further penetration into newer markets. The global electricity demand is anticipated to witness an increase by nearly two-thirds of the current demand in the forecast period. Focus on the projects, related to distributed power & utility, expected to bolster the demand for hydrogen generation market growth during the forecast period.

The Methane Reforming segment led the market in 2021. This was the dominant segment in 2021 and is expected to keep its position during the forecast period. Steam Methane reforming is a method for producing hydrogen, along with other gases including carbon monoxide and carbon dioxide. The steam methane reforming process is a mature and advanced technology in hydrogen generation. The growing demand for hydrogen generation across the globe is a crucial driving factor for steam methane reformers technology, as steam methane reforming is the most economical method for hydrogen generation.

In Application, the ammonia production segment led the market in 2021. The ammonia segment will keep its lead during the forecast period. The future growth of the hydrogen generation market is expected to have steady growth in all the segments as application cases for hydrogen increase.

In source, the natural gas segment led the market in 2021. Hydrogen is created from natural gas reforming which produces hydrogen, carbon monoxide, and carbon dioxide. Hydrogen production from natural gas is the cheapest method of producing hydrogen. Hydrogen production from natural gas is expected to keep its lead during the forecast period.

Based on systems, the merchant generation segment led the market in 2021. Merchant generation of hydrogen means hydrogen is produced at a central production facility. It is transported and sold to the consumer by bulk tank, pipeline, or cylinder truck. In many countries such as the U.S., Canada, and Russia there is an extensive existing natural gas pipeline network that could be used to transport and distribute hydrogen. The merchant generation segment is expected to keep its lead during the forecast period.

Growing investments in smart “energy-saving” residential and commercial buildings are expected to provide an impetus toward the adoption of hydrogen for energy generation. Hydrogen is a financially viable option to investors as they also comply with federal and environmental regulations, catering to the ever-increasing demand for energy. Factors including shifting trend toward cleaner energy and favorable government regulations are contributing to the development of the hydrogen generation market. 

Access Research Report of Hydrogen Generation Market @ https://www.grandviewresearch.com/industry-analysis/hydrogen-generation-market

Hydrogen Generation Market Report Highlights

• In terms of revenue, the steam methane reforming segment accounted for a prominent market share in 2021 and is further expected to witness steady growth during the forecast period
• The ammonia production segment dominated the market and accounted for more than 20.28% of the revenue share in 2021
• As of 2021, Asia Pacific accounted for about 41.40% revenue share in the overall market. The presence of a high number of refineries within major Asian nations such as China and India has resulted in hydrogen generation within the region. Further, governments in some of the Asia Pacific countries such as Japan and Australia are evaluating greener and cleaner technologies for hydrogen generation.
• Various strategic initiatives were recorded during the past few years to boost the growth of the market. For instance, in 2019 Linde Plc announced that it has started a new gas production facility that supplies methane, carbon dioxide, and, hydrogen to Evonik Industries. The new plant is likely to incorporate advanced technologies that would enhance the plant’s efficiency and reliability.

List of Key Players of Hydrogen Generation Market

• Air Liquide International S.A
• Air Products and Chemicals, Inc
• Hydrogenics Corporation
• INOX Air Products Ltd.
• Iwatani Corporation
• Linde Plc
• Matheson Tri-Gas, Inc.
• Messer
• SOL Group
• Tokyo Gas Chemicals Co., Ltd.

Access Press Release of Hydrogen Generation Market @ https://www.grandviewresearch.com/press-release/global-hydrogen-generation-market

Gas Turbine Market Outlook On The Basis Of Technology, Capacity, End-Use, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 23 June 2022: The Report Gas Turbine Market Size, Share & Trends Analysis Report By Capacity (≤200 MW, >200 MW), By Technology (Open Cycle, Combined Cycle), By End Use (Industrial, Power & Utility), By Region, And Segment Forecasts, 2022 – 2030

The global gas turbine market size is projected to reach USD 38.80 billion by 2030, registering a CAGR of 6.2% over the forecast period, according to a new report by Grand View Research, Inc. Supportive policies majorly determine the increasing demand for gas turbines in developing markets, such as Combined Heat and Power (CHP) support scheme executed by Germany.

Rapid technological advancements in the energy industry, combined with a shift in focus toward distributed power production technologies, are propelling the worldwide market forward. This market is predicted to expand rapidly during the forecast period, owing to increased government backing for power production technologies that minimize carbon dioxide (CO2) emissions around the world.

>200 MW emerged as one of the most significant segments in this market with a revenue share of more than 65.0% in 2021. It is likely to be the fastest-growing segment during the forecast period. The rising power generation operations around the world, as well as the move from coal to gas-based power plants in some of the world’s major countries, are driving demand in this category.

The combined cycle turbines sector accounted for the largest revenue share of approximately 72.0% in 2021 and is anticipated to continue its dominance in the near future. This technology category is expected to increase at a faster rate in the coming years. These turbines use less fuel to produce the same amount of energy and eliminate transmission and distribution losses.

The Power & utility sector accounted for the largest revenue share of approximately 81.0% in 2021. Increased demand for power generation is being driven by the expansion in population and urbanization around the world, which is boosting the use of gas turbines in the power and utility sectors. 

Asia Pacific emerged as the largest market share of more than 31.0% of the market in terms of revenue as of 2021. During the forecast period, the area led by China, Japan, Indonesia, Thailand, and India is expected to grow at the quickest rate. The Asia Pacific region’s regional need for electricity is being driven by rapid urbanization and the emergence of a middle class.

The rising demand for LNG is primarily driven by the shale gas reserve and technological development in extraction and mining technology which are consistently lowering the operational cost of gas extraction in the region. Further, the North American region has witnessed large-scale commissioning of gas-based power.

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Gas Turbine Market Report Highlights

• In 2021, Power & Utility emerged as the largest application segment and accounted for 81.0% share, with the increasing investments and new installations are resulting in the rising share of distributed power in the global energy mix hence propelling the gas turbine market.
• >200 MW capacity segment is poised to register a CAGR of 6.7% during the forecast period, owing to growing electricity generation activities across the world.
• In 2021, the combined-cycle application segment accounted for more than 72.0% of the overall market revenue. This share resulted majorly due to the growing demand for open cycle gas turbine technology.
• In 2021, Saudi Arabia is the major end-users of gas turbines in the MEA region. This has led to the wide presence of gas turbine providers in the country which are working towards enhancing their market share in the country. Major OEMs such as Siemens Energy, General Electric, and Mitsubishi Power, Ltd. are providing gas turbines in the country

List of Key Players in Gas Turbine Market

• General Electric
• Siemens Energy
• Mitsubishi Power, Ltd.
• Kawasaki Heavy Industries, Ltd.
• Ansaldo Energia
• Solar Turbines Incorporated

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