Utilities Coverage

Flexible AC Transmission System (FACTS)Market Definition

A flexible AC transmission system (FACTS) is a collection of power electronic-based devices and systems installed on high-voltage alternating current (AC) transmission networks to enhance controllability, stability and efficiency. FACTS devices are utilized to dynamically control and optimize the flow of electrical power on the grid, mitigating various issues such as voltage fluctuations, power flow imbalances and system instability. The flexible AC transmission systems (FACTS) market consists of sales, by entities (organizations, sole traders and partnerships), of flexible AC transmission system (FACTS) devices that are strategically placed within power grids to regulate voltage, improve power flow and increase system stability.

Decentralized Water Treatment Market Definition And Segments

Decentralized water treatment involves placing water or wastewater treatment facilities closer to the water supply or demand point rather than centralizing them in distant treatment plants. This approach aims to offer more localized and efficient treatment solutions, resulting in cost reduction, enhanced flexibility, improved sustainability, and increased control over water management. The main technologies of decentralized water treatment are membrane technology, thermal technology, and others. Membrane technology refers to the use of membranes to filter and purify water at a local or smaller scale, typically for individual buildings, communities, or remote locations. Point of use (POU), point of entry (POE), and small-scale systems are used for wastewater treatment, effluent treatment, and water treatment applications by municipal and industrial end users. The decentralized water treatment market covered in this report is segmented – 1) By Technology: Membrane Technology, Thermal Technology, Other Technologies 2) By System: Point Of Use (POU), Point Of Entry (POE), Small Scale Systems 3) By Application: Wastewater Treatment, Effluent Treatment, Water Treatment 4) By End-user: Municipal, Industrial The decentralized water treatment market size has grown rapidly in recent years. It will grow from $15.58 billion in 2023 to $18.07 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to increasing awareness of the benefits of clean water, the growing number of shopping malls and hotels and deteriorating water quality in countries, dwt is beneficial for communities considering new systems, rising need for a de-centralized wastewater treatment, the rising understanding of the necessity for clean water. The decentralized water treatment market size is expected to see rapid growth in the next few years. It will grow to $31.85 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to rising demand for freshwater, increase the penetration rate of decentralized water treatment, rapid development of the economy, increasing population and rapid urbanization, rise consumer awareness. Major trends in the forecast period include adoption of blockchain technology, increasing adoption of decentralized water treatment, integration of IoT and AI, rise of decentralized water treatment as a service (DTaaS), rising innovations.

The Role Of Decentralized Water Treatment In Addressing Global Freshwater Scarcity

The rising demand for freshwater is expected to propel the growth of the decentralized water treatment market going forward. The demand for freshwater is increasing due to growing populations, urbanization, industrialization, agricultural expansion, climate change, environmental degradation, and inefficient water use. Decentralized water treatment helps freshwater by providing localized purification solutions, reducing strain on centralized systems, and improving access to clean water in remote or underserved areas. For instance, in October 2023, according to the Water Account, Australia by the Australian Bureau of Statistics, an Australia-based government agency, in the period from 2020 to 2021, the national water consumption for industries and households in Australia experienced a slight increase of less than half a percent, rising from 13,415 gigalitres (GL) to 13,449 GL. Therefore, the rising demand for freshwater is driving the growth of the decentralized water treatment market. Major companies operating in the decentralized water treatment market are Veolia Water Technologies, Suez SA, Dupont, Xylem Inc., Evoqua Water Technologies Corp., Darley, FilterBoxx Water and Environmental Corp., Organica Water, ATB WATER GmbH, Biomicrobics Inc., De. mem Limited, Adedge Water Technologies LLC, Epuramat S.A., Hydroswiss SA, Ayala Water & Ecology Ltd., Biokube, Afmitech Friesland BV, Epiphany Inc., LifeQuest World Corp, TMW, TopolWater Ltd., WaterHealth International, Bioxica, ECOfluid Systems Inc., Prana Sustainable Water LLC

Innovative Advanced Oxidation Technology Revolutionizing Decentralized Water Treatment Market

Major companies operating in the decentralized water treatment market are developing innovative technologies, such as advanced oxidation technology, to enhance wastewater reuse at a lower cost. Advanced oxidation processes (AOPs) are chemical treatment procedures that remove organic and sometimes inorganic materials from water and wastewater. For instance, in August 2021, The Energy and Resources Institute, an India-based research institute that specializes in the fields of energy, environment, and sustainable development, launched the Advanced Oxidation Technology called TADOX, which can help achieve zero liquid discharge (ZLD) and reduce dependence and load on biological and tertiary treatment systems. By treating sewage and highly polluted industrial wastewater streams, this method, which employs UV-photocatalysis, increases the amount of wastewater that may be reused in both industrial and wastewater treatment applications. The technology is supported by the Indian government's Department of Science and Technology's Water Technology Initiative (WTI). A potential choice for new Decentralized Wastewater Treatment Technologies (DWTT) in townships, commercial complexes, green buildings, smart cities, and prospective and current infrastructure projects is TADOX, which can be retrofitted and incorporated into existing treatment systems.

Saur Expands Global Reach And Water Solutions Portfolio With Acquisition Of Natural Systems Utilities

In January 2024, Saur, a France-based company specializing in water and leisure management, acquired Natural Systems Utilities (NSU) for an undisclosed amount. The acquisition is aimed at leveraging the strengths of both companies to foster new synergies and support the commercial and residential building markets in the Americas and Europe. The acquisition is expected to expand Saur's water reclamation and reuse activities. Natural Systems Utilities (NSU) is a US-based company providing environmental water treatment services, fully integrated water supply, wastewater treatment, and management for various entities. Asia-Pacific was the largest region in the decentralized water treatment market in 2023. The regions covered in the decentralized water treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the decentralized water treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The decentralized water treatment market consists of revenues earned by entities by providing services such as water purification, water recycling and reuse, community water systems, and consulting and technical services. The market value includes the value of related goods sold by the service provider or included within the service offering. The decentralized water treatment market also includes sales of point-of-use filters, UV disinfection systems, reverse osmosis systems, water softeners, chemical disinfection systems, drip irrigation systems, and rainwater harvesting systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The decentralized water treatment market research report is one of a series of new reports from The Business Research Company that provides decentralized water treatment market statistics, including decentralized water treatment industry global market size, regional shares, competitors with an decentralized water treatment market share, detailed decentralized water treatment market segments, market trends and opportunities, and any further data you may need to thrive in the decentralized water treatment industry. This decentralized water treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Dual Axis Solar Tracker Market Definition And Segments

A dual-axis solar tracker refers to a solar energy system component designed to optimize the efficiency of solar panels by dynamically orienting them along two axes to track the sun's movement throughout the day. It is used in solar energy systems to enhance the efficiency and energy output of photovoltaic (PV) panels. The main types of products in a dual-axis solar tracker are single-axis, dual-axis, and azimuth-altitude dual-axis. Single-axis tracking in the context of solar energy refers to the mechanism by which solar panels or solar collectors are adjusted to follow the sun's movement along one axis. It includes various technologies, such as solar photovoltaic, concentrated solar power, and concentrated photovoltaic, and uses different applications, including utility, commercial, and residential. The dual axis solar tracker market covered in this report is segmented – 1) By Product Type: Single Axis, Dual Axis, Azimuth-Altitude Dual Axis 2) By Technology: Solar Photovoltaic, Concentrated Solar Power, Concentrated Photovoltaic 3) By Application: Utility, Commercial, Residential The dual axis solar tracker market size has grown rapidly in recent years. It will grow from $5.87 billion in 2023 to $6.63 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to energy efficiency demands, government incentives and policies, falling solar panel costs, and rising awareness of the environmental impact of traditional energy sources. The dual axis solar tracker market size is expected to see rapid growth in the next few years. It will grow to $10.20 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to environmental concerns, global climate agreements, declining costs of dual-axis tracking technology, and increasing solar panel efficiency. Major trends in the forecast period include smart and connected trackers, hybrid solar tracking systems, adoption of AI and machine learning, and robotic cleaning solutions.

Dual-Axis Solar Tracker Market Set to Thrive Amidst Rising Demand for Renewable Energy

The increasing demand for renewable energy is expected to propel the growth of the dual-axis solar tracker market going forward. Renewable energy refers to energy derived from natural resources that are available on a human timescale and considered environmentally friendly. Unlike fossil fuels, which are finite and contribute to environmental degradation, renewable energy sources can be continually replenished, providing a cleaner and more sustainable alternative. A dual-axis solar tracker is used in renewable energy systems to enhance solar power installations' efficiency, reliability, and economic viability, contributing to the broader adoption and success of solar energy as a sustainable and reliable power source. For instance, in March 2023, according to the Energy Information Administration (EIA), a US-based federal agency that provides official energy statistics and information, the combined wind and solar share of total generation increased from 12% in 2021 to 14% in 2022, with renewable generation surpassing coal and nuclear generation for the first time. The increasing demand for renewable energy is expected to propel the growth of the dual-axis solar tracker market. Major companies operating in the dual axis solar tracker market are PARU Corporation, Trina Solar Co. Ltd., First Solar Inc., NEXTracker Inc., SunPower Corporation, Array Technologies Inc., Soitec S.A., Soltec Power Holdings S.A., Arctech Solar Holding Co. Ltd., DEGERenergie GmbH & Co. KG, ADES International Holding plc, Sun Action Trackers LLC, Reutech Radar Systems Pty Ltd., Energia Ercam S.A., Abengoa Solar India Pvt. Ltd., AllEarth Renewables Inc., Mecasolar SL, Titan Tracker Ltd., Powerway Corporation, Haosolar Co. Ltd, Kirchner Solar Group GmbH, Mechatron LLC, Moser LLC, Shandong Huayue New Energy Co. Ltd., Targray Technology International Inc., SunTactics Inc., Cabanillas Ingenieros S.L., Amberroot Systems Inc., HeliosLite SAS

Arctech Solutions Unveils Skywings The World's First Dual-Row Solar Tracker with Multi-Point Drive Mechanism

Major companies operating in the dual-axis solar tracker market are focusing on the development of innovative products such as Skywings, the first dual-row solar tracker with a multi-point drive mechanism to address several key challenges in solar energy production, and maximize energy yield, reduce the levelized cost of energy, and increase the stability of solar tracking systems. A dual-row solar tracker is a type of solar tracking system used to optimize the orientation of solar panels for maximum sunlight exposure. For instance, in September 2022, Arctech Solutions Pvt. Ltd., an Indian-based technology solutions company, launched its latest dual-row solar tracker skywings. This product is designed with a multi-point drive mechanism, making it the world's first dual-row solar tracker compatible with undulating terrain. The patented bidirectional slew drives enable two tracker rows to move synchronously, and the undulation tolerance of adjacent rows has increased to 15% in east/west and north/south directions. Additionally, it offers real-time shading avoidance, which can boost energy generation by 8%, and can be paired with a cleaning robot to increase energy yield.

Polar Racking Strengthens Portfolio through Strategic Acquisition of Axsus Solar

In July 2022, Polar Racking, a Canada-based solar PV mounting systems manufacturing company, acquired Axsus Solar for an undisclosed amount. This acquisition is a strategic move driven by Polar Racking to broaden its product portfolio by adding Axsus' popular Sol-X single-axis tracker to the existing fixed-tilt and carport solutions. Axsus Solar is a Canada-based renewable energy platform manufacturer and designer of solar tracking, fixed tilt, and dual solar tracking systems. Asia-Pacific was the largest region in the dual axis solar tracker market in 2023. The regions covered in the dual axis solar tracker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dual axis solar tracker market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The dual-axis solar tracker market consists of sales of tracker structures, controllers, tracker control systems, sun tracking sensors, power supply systems, and communication systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The dual-axis solar tracker market research report is one of a series of new reports from The Business Research Company that provides dual-axis solar tracker market statistics, including dual-axis solar tracker industry global market size, regional shares, competitors with dual-axis solar tracker market share, detailed dual-axis solar tracker market segments, market trends and opportunities, and any further data you may need to thrive in the dual-axis solar tracker industry. This dual-axis solar tracker market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Utility Solar PV EPC Market Definition And Segments

The utility solar photovoltaic (PV) engineering, procurement, and construction (EPC) refers to the process of designing, procuring materials, and constructing large-scale solar photovoltaic (PV) power plants that are intended to supply electricity to the utility grid. This encompasses the end-to-end process of bringing large-scale solar PV projects from concept to completion, ensuring that they are engineered, procured, and constructed in a cost-effective and efficient manner to generate electricity for utility-scale applications. The main types of utility solar PV EPC are ground-mounted rooftops. Ground-mounted refers to the installation of solar panels on the ground, typically in open spaces or fields, as opposed to being installed on rooftops. The various storage includes storage, without storage that is used by various end users such as residential, commercial, and utility users. The utility solar PV EPC market covered in this report is segmented – 1) By Type: Ground-Mounted, Rooftop 2) By Storage: With Storage, Without Storage 3) By End User: Residential, Commercial, Utility uses The utility solar PV EPC market size has grown rapidly in recent years. It will grow from $55.53 billion in 2023 to $61.94 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to government policies and incentives, economic viability, renewable energy targets, public and environmental support, grid stability and reliability, global energy transition. The utility solar PV EPC market size is expected to see rapid growth in the next few years. It will grow to $90.5 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to advancements in project financing, Integration with energy storage, competitive procurement processes, corporate power purchase agreements (PPAs), global energy demand dynamics, climate change mitigation goals. Major trends in the forecast period include energy storage integration, hybrid solar projects, digital twin technology, grid-forming inverters, floating solar farms, decentralized solar power plants, bidirectional inverters for grid services, community solar initiatives, advanced weather forecasting for solar farms.

Expanding Electricity Demand and Renewable Energy Shifts Fuel Growth in Utility Solar PV EPC Market

The increasing electricity demand and the need for reliable power generation are expected to propel the growth of the utility solar PV EPC market going forward. Electricity is a form of energy resulting from the movement of charged particles, typically electrons, through a conductor. The demand for generating electricity from utility-scale solar photovoltaic (PV) projects is increasing to reduce carbon emissions and combat climate change. It provides a significant and scalable source of clean energy and helps to accelerate the deployment of solar energy, contributing to the transition to more sustainable and renewable energy. For instance, according to the International Energy Agency (IEA), a Paris-based international energy forum, 2021 reported a 5% increase in global electricity demand compared to the previous year. Furthermore, electricity generation from renewables is expected to increase by 6% in 2022 compared to 8% in 2021. Therefore, increasing electricity demand and the need for reliable power generation drives the utility solar PV EPC market. Major companies operating in the utility solar PV EPC market are Power Construction Corporation of China, Larsen & Toubro Limited, Trina Solar Co.Ltd., Canadian Solar Inc., Sungrow Power Supply Co. Ltd., Swinerton Renewable Energy Inc., Risen Energy Co. Ltd., Bharat Heavy Electricals Limited, First Solar Inc., SunPower Corporation, JUWI AG, Tata Power Solar Systems Limited, Sterling and Wilson Private Limited, ACME Solar Holdings Limited, TBEA Co. Ltd., Q Cells Co. Ltd., BElectric, STEAG GmbH, Topsun Energy (Hong Kong) Co. Ltd., ALSA Solar Systems LLC, Eiffage SA, Enerparc AG, Ritis Meera Infra Energy Private Limited, Enerparc AG, Ritis Meera Infra Energy

Game-Changing Utility-Scale Energy Storage System

Major companies operating in the utility solar PV EPC market are experiencing significant growth due to advancements in energy storage technologies. Advancements in energy storage technologies in the utility solar PV EPC enable the development of battery energy storage systems (BESS) that enable round-the-clock power supply, promoting the integration of solar energy into the grid. Energy storage enhances grid reliability and mitigating intermittency issues associated with solar power. For instance, In December 2023, Canadian Solar's e-STORAGE, a Canada-based leading manufacturer of solar modules launched SolBank 3.0, a utility-scale energy storage system with significant improvements. Housed in a 20-ft container, SolBank 3.0 integrates high energy density cells, advanced safety systems, smart liquid cooling, and active balance system controls. It offers a power of up to 2.35 MW and a capacity of 5 MWh, boasting a remarkable up to 45% increase in product-level capacity and up to 40% decrease in the balance of system costs.

Madison Energy Infrastructure Boosts Portfolio With Pro-Tech Energy Solutions Acquisition

In November 2023, Madison Energy Infrastructure (MEI), a US-based clean energy developer, acquired Pro-Tech Energy Solutions for an undisclosed amount. The acquisition is aimed at strengthening MEI's execution capabilities and delivering new projects and solutions for commercial and industrial customers. Pro-Tech based in Moorestown, New Jersey, has built hundreds of distributed solar projects and has a robust pipeline of projects, which will enhance MEI's ability to deliver high-impact clean energy solutions. Pro-Tech Energy Solutions is a US-based renewable energy company that offers utility solar PV EPC. Asia-Pacific was the largest region in the utility solar PV EPC market in 2023. The regions covered in the utility solar PV EPC market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the utility solar PV EPC market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The utility solar PV EPC market includes revenues earned by entities by providing operation and maintenance, project management, and grid-interconnection services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The utility solar PV EPC market research report is one of a series of new reports from The Business Research Company that provides utility solar PV EPC market statistics, including utility solar PV EPCindustry global market size, regional shares, competitors with a utility solar PV EPC market share, detailed utility solar PV EPC market segments, market trends, and opportunities, and any further data you may need to thrive in the utility solar PV EPCindustry. This utility solar PV market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wind Energy Equipment Logistics Market Definition And Segments

Wind energy equipment logistics refers to the transportation, installation, and commissioning of oversized wind energy equipment, such as turbines, generators, blades, towers, and nacelles, to aid the large-scale setting up of onshore and offshore wind energy plants. It also deals with housing, transportation, and supply of equipment related to the production of wind energy. The main types of equipment of wind energy equipment logistics are rotor blades, towers, generator, and gearbox. A rotor blade is an air foil that is part of the rotor assembly of a rotary-wing aircraft, such as a helicopter. The various transportation types include air, rail, road, and waterways. These are used for various applications such as offshore and onshore, and are also used by various end users such as government sector and private sector. The wind energy equipment logistics market covered in this report is segmented – 1) By Equipment: Rotor Blade, Towers, Generator, Gearbox 2) By Transport Type: Air, Rail, Road, Waterways 3) By Application: Offshore, Onshore 4) By End User: Government Sector, Private Sector The wind energy equipment logistics market size has grown strongly in recent years. It will grow from $6.26 billion in 2023 to $6.72 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased continued policy support, increased energy transition towards renewables, increased resilience and climate adaptation, increased electrification of transportation, increased offshore wind development. The wind energy equipment logistics market size is expected to see strong growth in the next few years. It will grow to $8.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increasing renewable energy targets, increasing environmental concerns and climate change, increasing energy security and independence, increasing public awareness and support. Major trends in the forecast period include technological advancements, product innovations, partnerships, investments.

Driving Factors For Growth In Wind Energy Equipment Logistics Market

Increasing demand for renewable energy is expected to propel the growth of the wind energy equipment logistics market going forward. Renewable energy refers to energy derived from naturally replenished sources that are virtually inexhaustible over time. Increased awareness of climate change and the environmental impacts of traditional energy sources, such as fossil fuels, has led to a growing demand for cleaner and more sustainable energy alternatives. Effective wind energy equipment logistics ensure timely delivery of wind turbine components to project sites that helps reduce overall project costs, making renewable energy more economically competitive. These help mitigate risks associated with delays, damage, or loss of wind turbine components during transportation. For instance, in December 2023, according to the Department for Energy Security and Net Zero, a UK-based government department, renewable electricity generation was 30.1 TWh in Quarter 3 2023, 6.8 percent higher than 2022 and a record for the third quarter of a year. Therefore, the increasing demand for renewable energy is driving the growth of the wind energy equipment logistics market. Major companies operating in the wind energy equipment logistics market are DHL International GmbH, Deutsche Post DHL Group, Federal Express Corporation, A.P. Møller – Mærsk A/S, General Electric Company, Schenker AG, C.H. Robinson Worldwide Inc., Nippon Express Co. Ltd., Expeditors International of Washington Inc., Vestas Wind Systems AS, Siemens Gamesa Renewable Energy S.A., DSV Panalpina A/S, Xinjiang Goldwind Science & Technology Co. Ltd., Nordex SE, Altead International SA, BDP International Inc., Guodian United Power Technology Company Limited, Scheuerle Vehicle Factory GmbH, CEVA Logistics Inc., Envision Energy Ltd., Global Shipping Services LLC, BLD Logistics Group AG & Co. KG, Specialized Transport Service Inc., TIBA Group, Enercon GmbH, Ming Yang Wind Power Group Limited, Senvion SA

Initiatives Driving Innovation And Sustainability In Wind Energy Equipment Logistics Market

Major companies operating in the wind energy equipment logistics market are developing innovative technology, such as the utility-scale wind project, to increase their profitability in this market. A utility-scale wind project refers to a large-scale installation of wind turbines designed to generate electricity for utility companies or large-scale industrial consumers. For instance, in October 2023, Abu Dhabi Future Energy Company, a UAE-based renewable energy company, launched the UAE's first utility-scale wind project, which is supposed to be completed with equipment that is to be installed with specialized logistics for this purpose. The project aims to replace fossil fuel-based power generation with clean, renewable wind energy in order to reduce the carbon footprint of the UAE's electricity-producing industry.

Accelerating Wind Energy Deployment And Sustainability Solutions

In November 2021, Mærsk A/S, a Denmark-based integrated logistics company, partnered with Vestas Wind Systems A/S for an undisclosed amount. With this partnership, Vestas aims to strengthen its supply chain by improving door-to-door transport, providing fixed container capacity, accelerating wind energy deployment, and developing sustainable solutions, including green hydrogen and decarbonization efforts. Vestas Wind Systems A/S is a Denmark-based wind turbine company that provides sustainable energy solutions and wind energy equipment logistics. Asia-Pacific was the largest region in the wind energy equipment logistics market in 2023. The regions covered in the wind energy equipment logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wind energy equipment logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The wind energy equipment logistics market includes revenues earned by entities by providing installation services, risk management, and tracking services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wind energy equipment logistics market research report is one of a series of new reports from The Business Research Company that provides wind energy equipment logistics market statistics, including wind energy equipment logistics industry global market size, regional shares, competitors with wind energy equipment logistics market share, detailed wind energy equipment logistics market segments, market trends, and opportunities, and any further data you may need to thrive in the wind energy equipment logistics industry. This wind energy equipment logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Desalination Technologies Market Definition And Segments

Desalination technologies are processes that remove salt and minerals from saline water, such as seawater or brackish water, to produce fresh water. These technologies are used to address water scarcity and provide fresh water for various purposes, including drinking and irrigation. The main technologies of desalination technologies are reverse osmosis (RO), multi-stage flash (MSF), and multi-effect distillation (MED). Reverse osmosis (RO) is a water purification process that uses a partially permeable membrane to remove ions, unwanted molecules, and larger particles from water. The source for desalination technologies includes sea water, brackish water, river water, and others for municipal, industrial, and others. The desalination technologies market covered in this report is segmented – 1) By Technology: Reverse Osmosis (RO), Multi-Stage Flash (MSF), Multi-Effect Distillation (MED) 2) By Source: Sea Water, Brackish Water, River Water, Other Sources 3) By Application: Municipal, Industrial, Other Applications The desalination technologies market size has grown rapidly in recent years. It will grow from $17.40 billion in 2023 to $19.47 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to increasing the capability of desalination systems, continuous improvements in graphene-based membranes, focus on reducing brine production and increasing freshwater recovery, growing interest in hydroponic agriculture, government initiatives and investments. The desalination technologies market size is expected to see rapid growth in the next few years. It will grow to $30.10 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to increasing water scarcity, growing need for freshwater driving up number of desalination projects, hybrid desalination lowering carbon footprints and offering high-quality water, rising need of desalination systems, increasing need for freshwater across the globe. Major trends in the forecast period include innovations in membrane technology, adoption of iot (internet of things) and ai (artificial intelligence) technologies, development of innovative and sustainable desalination technologies, introduction of smart innovations, advancements in membrane technologies.

Impact Of Water Scarcity On The Desalination Technology Market

The increasing water scarcity is expected to propel the growth of the desalination technology market going forward. Water scarcity is a condition where the demand for water exceeds the available supply, either due to physical limitations or inadequate infrastructure and management. Water scarcity is increasing due to population growth, climate change, water pollution, over-extraction of groundwater, inefficient water use, deforestation, land degradation, and conflict over water resources. Desalination technology provides a sustainable and reliable source of freshwater, particularly in regions facing severe water stress and scarcity. This technology helps in promoting water conservation and efficient water management practices remains important in conjunction with desalination efforts. For instance, according to the United Nations, a US-based intergovernmental organization, close to 1 billion urban residents worldwide currently experience water scarcity, a figure that is expected to rise to between 1.7 billion and 2.4 billion in the next 30 years. Therefore, the increasing water scarcity is driving the growth of the desalination technology market. Major companies operating in the desalination technologies market are Hitachi Ltd., Veolia Environnement SA, Suez SA, Acciona SA, DuPont de Nemours Inc., Doosan Enerbility Co. Ltd., Danfoss A/S, Webuild SpA, Xylem Inc., Abengoa SA, BWT AG, Ampac USA, Aquatech International LLC, Keppel Offshore & Marine Ltd., H2O Innovation Inc., Hyflux Limited, IDE Technologies, FISIA ITALIMPIANTI S.p.A, Aqualyng AS, Keppel Seghers Pte Ltd., Komax Systems Inc., Dow Water & Process Solutions, Degremont, John Holland Group, Tianjin MOTIMO Membrane Technology Co. Ltd., Toray Industries Inc., Toyobo Co. Ltd.

Innovative Desalination Technologies Revolutionize Water Treatment Veolia's Barrel Technology Leading The Charge

Major companies operating in the desalination technology market are developing innovative technologies, such as integrated plug-and-play reverse osmosis technology to gain a competitive edge in the market. Integrated plug-and-play reverse osmosis technology offers a convenient and efficient solution for water treatment needs, providing users with a reliable source of high-quality freshwater while minimizing the complexity of installation and operation. For instance, in April 2022, Veolia Water Technologies, a France-based water treatment company, launched Barrel, an integrated plug-and-play reverse osmosis (RO) technology suitable for wastewater reuse and low-pressure RO applications. This technology generates high-quality freshwater that fully adheres to water quality standards. The technology also offers varying capacities from 400 m3/day to 50,000 m3/day per unit and a reduction in electrical consumption in the range of 0.05 kWh/m3 of fresh water produced.

Xylem Inc. Acquires Evoqua Water Technologies Creating The World's Largest Pure-Play Water Technology Company

In May 2023, Xylem Inc., a US-based company that develops innovative water solutions through smart technology, acquired Evoqua Water Technologies for $7.5 billion. The acquisition aimed to create the world's largest pure-play water technology company, help meet customers' mission-critical needs with an unmatched portfolio of products and services, and also create a transformative platform to solve critical water challenges at an even greater scale. Evoqua Water Technologies is a US-based water technology company that provides water and wastewater desalination technology. North America was the largest region in the desalination technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the desalination technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the desalination technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The desalination technologies market consists of revenues earned by entities by providing services such as design and engineering services, operation and maintenance, chemical supply and management, testing and analysis, and construction and installation. The market value includes the value of related goods sold by the service provider or included within the service offering. The desalination technologies market also includes sales of pumps, membrane modules, pressure vessels, pre-treatment equipment, energy recovery devices, monitoring and control systems, and chemical dosing systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The desalination technologies market research report is one of a series of new reports from The Business Research Company that provides desalination technologies market statistics, including desalination technologies industry global market size, regional shares, competitors with a desalination technologies market share, detailed desalination technologies market segments, market trends and opportunities, and any further data you may need to thrive in the desalination technologies industry. This desalination technologies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electric Power Distribution Automation Systems Market Definition And Segments

Electric power distribution automation systems refer to advanced technologies and control systems designed to enhance the efficiency, reliability, and safety of electric power distribution networks. These systems utilize sensors, communication networks, and control devices to monitor, analyze, and manage electricity distribution in real-time, ensuring smooth operations and minimizing downtime. The main components in electric power distribution automation systems are field devices, software, services, and communication technology. Field devices refer to physical equipment installed in the field to monitor and control power distribution processes, such as sensors, switches, and relays, which gather data and transmit it to the central control system for analysis and decision-making. The several types of implementations include substation automation, feeder automation, and consumer-side automation, which are used in various applications, such as industrial, commercial, and residential. The electric power distribution automation systems market covered in this report is segmented – 1) By Component: Field Devices, Software, Services, Communication Technology 2) By Implementation: Substation Automation, Feeder Automation, Consumer Side Automation 3) By Application: Industrial, Commercial, Residential The electric power distribution automation systems market size has grown strongly in recent years. It will grow from $24.95 billion in 2023 to $26.93 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing demand for electricity, growing complexity of power distribution networks, rising concern for reliability and resilience, regulatory mandates for grid modernization, cost pressures on utilities. The electric power distribution automation systems market size is expected to see strong growth in the next few years. It will grow to $34.79 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to implementation of IoT (Internet of Things) in power distribution, focus on grid optimization and efficiency, demand for real-time monitoring and control, emergence of advanced metering infrastructure (AMI), rise of smart grid technologies. Major trends in the forecast period include transition towards decentralized energy systems, rise of microgrids and virtual power plants, growth of demand response programs, expansion of predictive maintenance strategies, adoption of artificial intelligence and machine learning in grid operations.

Smart Grids Fueling Electric Power Distribution Automation Systems Market Growth

The rising adoption of smart grids is expected to propel the growth of the electric power distribution automation systems market going forward. A smart grid refers to an advanced electrical grid system that integrates modern communication, sensing, control, and information technologies to optimize the generation, transmission, distribution, and consumption of electricity. Smart grids facilitate better management of energy resources, optimizing the generation, distribution, and consumption of electricity. This leads to reduced energy losses during transmission and distribution. Electric power distribution automation systems enable real-time monitoring of smart grid that focuses on automating various distribution grid functions, such as fault detection, isolation, and restoration and improving the overall efficiency of the grid. For instance, in October 2023, according to data published by the U.S. Energy Information Administration (EIA), a US-based government agency, electric utilities in the United States had approximately 119 million smart or advanced metering infrastructure (AMI) installations in 2022, constituting 72% of total electric meters, compared to 118.7 million in 2021. Therefore, the rising adoption of smart grids is driving the growth of the electric power distribution automation systems market. Major companies operating in the electric power distribution automation systems market are Hitachi Ltd., Siemens AG, General Electric Company, Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corporation PLC, Infineon Technologies AG, Hubbell Power Systems Inc (Hubbell Incorporated), Itron Inc., Landis+Gyr, NARI Group Corporation, Integrated Electronic Systems, Ingeteam, Schweitzer Engineering Laboratories Inc., S&C Electric Company, Elster Solutions, Beijing SOJO Electric, Beijing Creative Distribution Automation, G&W Electric Company, Trilliant Holdings Inc., Kalki Communication Technologies Private Limited, Iskraemeco, Minsait ACS Inc., Gram Power, Xuji Electric (XJ Group Corporation), Qualus, ZIV Automation UK Ltd.

Unveiling The Technological Advancements In Electric Power Distribution Automation Systems Market

Major companies operating in the electric power distribution automation systems market are increasing their focus on developing advanced solutions or products, such as new all-in-one protection relays, to gain a competitive edge in the market. The new comprehensive and integrated device is designed to monitor, control, and safeguard electrical systems with advanced features for enhanced efficiency and reliability. For instance, in May 2021, ABB Ltd., a Switzerland-based engineering company, launched the REX610, an all-in-one protection relay. This product, with its innovative simplicity and modular scalability, offers a unique solution for protecting grids, industrial processes, and personnel, boasting extensive default communication options and a withdrawal plug-in unit for swift installation and maintenance. This technological advancement significantly impacts the electric power distribution automation systems market by providing a future-proof, cost-effective choice for basic power distribution applications and meeting the increasing demand for reliable electricity amidst the transition towards smarter grids.

Hubbell Utility Solutions Strengthens Distribution Automation Portfolio With Beckwith Electric Acquisition

In February 2021, Hubbell Utility Solutions, a US-based power and utilities company acquired Beckwith Electric for an undisclosed amount. The acquisition enhances Hubbell's existing product line and expands its capabilities in sophisticated distribution automation technology marketed to utility clients. Beckwith Electric is a US-based company that provides electric power distribution automation systems. North America was the largest region in the electric power distribution automation systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric power distribution automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric power distribution automation systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The electric power distribution automation systems market consists of revenues earned by entities by providing services such as consulting on system optimization, integration of automation solutions, maintenance of grid infrastructure, and technical support for power distribution networks. The market value includes the value of related goods sold by the service provider or included within the service offering. The electric power distribution automation systems market also includes sales of products such as smart grid solutions, advanced protection relays, and supervisory control and data acquisition (SCADA) systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electric power distribution automation systems research report is one of a series of new reports from The Business Research Company that provides electric power distribution automation systems market statistics, including the electric power distribution automation systems industry's global market size, regional shares, competitors with an electric power distribution automation systems market share, detailed electric power distribution automation systems market segments, market trends and opportunities, and any further data you may need to thrive in the electric power distribution automation systems industry. This electric power distribution automation systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Electric Power Substation Automation Market Definition And Segments

Electric power substation automation refers to the integration of control, monitoring, and communication technologies within power substations to enhance operational efficiency, reliability, and safety of electrical power systems. It involves the implementation of modern protection and control systems using advanced communication technology and protocols to provide cost-effective solutions. The main offerings in electric power substation automation are software, hardware, and services. Software refers to the set of instructions, programs, and data that enable a computer to perform specific tasks, such as controlling and monitoring the various components of a substation, including switches, transformers, and relays. The module category is divided into types such as intelligent electronic devices (IEDs), supervisory control and data acquisition (SCADA), communication networks, and others with automation stages including retrofit and new installation. The application segments are categorized into transmission substations and distribution substations for end users such as utilities and industry. The electric power substation automation market covered in this report is segmented – 1) By Offering: Software, Hardware, Services 2) By Module: Intelligent Electronic Devices (IEDs), Supervisory Control And Data Acquisition (SCADA), Communication Network, Other Modules 3) By Automation Stage: Retrofit, New Installation 4) By Application: Transmission Substation, Distribution Substation 5) By End-Use: Utilities, Industry The electric power substation automation market size has grown strongly in recent years. It will grow from $22.23 billion in 2023 to $23.87 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to demand for energy efficiency, rising demand for electricity, focus on grid resilience, enhanced grid security, increased renewable energy integration. The electric power substation automation market size is expected to see strong growth in the next few years. It will grow to $30.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing smart grid initiatives, digitalization and Industry 4.0, integration of distributed energy resources (DERs), focus on grid modernization, rapid urbanization and electrification. Major trends in the forecast period include technological innovation, increased adoption of AI and machine learning, growth of IoT-enabled devices, integration of blockchain technology, adoption of cloud-based solutions.

Rising Energy Demand Propels Growth In Electric Power Substation Automation Market

The increasing energy demand is expected to propel the growth of the electric power substation automation market going forward. Energy demand refers to the amount of energy required by consumers, industries, and other sectors. Energy demand is rising due to population growth, urbanization, and global industrialization. Electric power substation automation efficiently manage and optimize power distribution, enhancing grid reliability, minimizing downtime, and reducing operational costs. This capability enables quick response to issues, reducing downtime and enhancing the reliability of the power supply. For instance, in June 2023, according to a report published by the Energy Institute (EI), a UK-based professional membership body for the energy sector, global electricity generation increased by 2.3% in 2022. Furthermore, primary energy consumption in non-OECD countries saw a significant increase of 20.5 EJ compared to pre-COVID levels, with China alone contributing 14.6 EJ, representing 72% of the total rise. Therefore, the increasing energy demand is driving the growth of the electric power substation automation market. Major companies operating in the electric power substation automation market are Hitachi Ltd., Siemens AG, General Electric Company, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Larsen & Toubro Limited, Eaton Corporation plc, Trilliant Inc., Alstom SA, Rockwell Automation Inc., Yokogawa Electric Corporation, Belden Inc., WAGO Kontakttechnik GmbH & Co. KG, Itron Inc., Landis+Gyr, Schweitzer Engineering Laboratories Inc., Ingeteam S.A., TenneT Company, S&C Electric Company, Giza Systems, Axiomtek Co. Ltd., Efacec Engenharia e Sistemas S.A., Mitsubishi Electric Corporation, NovaTech LLC, Amperion Inc., Encore Networks Inc., Beckwith Electric Co. Inc., IEC Infrared Systems

Key Players Innovative Digital Solutions For Efficient Power Distribution

Major companies operating in the electric power substation automation market are developing advanced solutions, such as digital substations solution to ensure efficient and reliable power distribution. This solution involves the integration of digital communication, intelligent electronic devices (IEDs), sensors, and advanced software for real-time data exchange and decision-making within the substation infrastructure. For instance, in January 2024, Hitachi Energy, a Switzerland-based energy industry company, launched the SAM600 3.0, a cutting-edge product for digital substations. The SAM600 integrates conventional instrument transformers into modern, IEC 61850-9-2 process bus substation automation, protection, and control systems, enabling safe, efficient, and extendible retrofit of any substation. This innovation allows for robust, fast, and responsive messaging over Ethernet, revolutionizing communications within the substation.

Schneider Electric Bolsters Digital Innovation In Electrical Distribution With Acquisition Of Aurtra Pty. Ltd.

In March 2022, Schneider Electric SE, a France-based company that specializes in digital automation and energy management, acquired Aurtra Pty Ltd. for an undisclosed amount. The acquisition involves integrating Aurtra's advanced sensors and software to prevent transformer failures, optimize operating expenses, and extend transformer life, reinforcing Schneider Electric's position as a top digital service provider in the electrical distribution value chain. Aurtra Pty Ltd. is an Australia-based company offering solutions for electric power distribution networks and substations. North America was the largest region in the electric power substation automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric power substation automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric power substation automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The electric power substation automation market consists of revenues earned by entities by providing services such as monitoring and control services, maintenance and support services, integration services, consulting and advisory services, and software development and customization services. The market value includes the value of related goods sold by the service provider or included within the service offering. The electric power substation automation market also includes sales of remote terminal units (RTUs), communication equipment, power quality analyzers, human-machine interface (HMI) devices, and control relays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electric power substation automation research report is one of a series of new reports from The Business Research Company that provides electric power substation automation market statistics, including the electric power substation automation industry's global market size, regional shares, competitors with an Electric power substation automation market share, detailed electric power substation automation market segments, market trends and opportunities, and any further data you may need to thrive in the electric power substation automation industry. This electric power substation automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.