Distributed Natural Gas-Fueled Generation Market Size Was USD 11.20 Billion In 2015 And Is Expected To Worth $32.21 Billion By 2024: Grand View Research, Inc.

The global distributed natural gas-fueled generation market is expected to reach USD 32.21 Billion by 2024, according to a new report by Grand View Research, Inc. Increasing government initiatives to promote the use of natural gas as a generator fuel especially in emerging markets of China, and India is expected to boost the global market.  In addition, various benefits offered by DNGG, such as low carbon emissions, increasing natural gas usage, and other operational benefits,  are expected to steer the market growth over the forecast period.
There are huge investments in the power sector to develop the distributed generation technologies by emerging companies. At the same time, they are in need of high technologies, which will act as a substitute for current methods like diesel or coal generation.
The companies R&D facilities of hydrogen and fuel cell focuses on integrating, developing, and demonstrating hydrogen storage, delivery and production and also on using fuel cell technologies for stationary, transportation, and portable applications to differentiate their product from their competitor.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/distributed-natural-gas-fueled-generation-market

Further key findings from the report suggest:

·         Stationary fuel cells hold the largest CAGR of 13.1% in the global technology segment and are expected to grow at 6,116.8 million by 2024.

·         Microturbines technology in Europe is estimated to be USD 3,964.8 million in 2015 and will witness the fastest growth in next seven years, growing at a CAGR of 12.2% over the forecast period. By integrating an innovating turbine engine, advanced power electronics, magnetic generator with fuel cell technology, the micro turbine can provide cleaner energy which will increase the DNGG market.

·         Commercial and industrial accounted for around 67% of the global DNGG end-use segment in 2015 and is anticipated to reach 20,620.1 million by 2024, growing at an anticipated CAGR of 12% from 2016 to 2024.

·         Europe accounted for 36% of the total market in 2015 and is anticipated to hold its leading position over the forecast period. Asia Pacific is anticipated to witness a high CAGR of over 13.1% over the forecast period. Increasing usage of DNGG in residential and commercial sector coupled with government initiatives mainly in China and India is expected to boost DNGG demand in the region.

·         Key industry participants in the market includeCummins Inc., ShanDongLvhuan Power Equipment CO., LTD, MWM GmbH, ABB Group, Redox Power Systems, LLC, General Electric, and Plug Power Inc.

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Grand View Research has segmented the natural gas-fueled generation market on the basis of technology, end-use and region:
Global Distributed Natural Gas-Fueled Generation Technology Outlook (Revenue, USD Million, 2014 - 2024)

·         Natural Gas Gensets

·         Stationary fuel cells

·         Microturbines

Global Distributed Natural Gas-Fueled Generation End-Use Outlook (Revenue, USD Million, 2014 - 2024)

·         Residential

·         Building & institutional

·         Commercial & industrial

Global Distributed Natural Gas-Fueled Generation Regional Outlook (Revenue, USD Million, 2014 - 2024)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    India

·         Central & South America

·         Middle East & Africa

For press release of this report - http://www.grandviewresearch.com/press-release/global-distributed-natural-gas-fueled-generation-market

Flywheel Energy Storage Market Is Estimated To Reach Over USD 65 Million By 2024, Growing At A CAGR Of 7.2% From 2016 To 2024: Grand View Research, Inc.

The global flywheel energy storage market is projected to reach USD 477.8 million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for uninterrupted power supply and growing energy storage industry are expected to fuel the growth of this market. Flywheel systems store and regulate electricity by spinning continuously and hence are used for the majority of the frequency regulation applications. The major difference between photovoltaic solar cells and the flywheel storage systems is that the latter can produce power throughout the day and night.
The data centers segment held the largest share of 16% in terms of applications in 2015. Growing energy storage industry in the U.S. and the European region projected to drive the market. Growing demand for uninterruptible power supply, particularly from the industrial sector, has provided much-needed momentum.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/flywheel-energy-storage-market

Further key findings from the report suggest

·         The data centers segment is projected to dominate this industry from 2016 to 2024 and is estimated to reach over USD 65 million by 2024, growing at a CAGR of 7.2%. Continuous, uninterrupted power is a primary requirement for data centers, for which, flywheel energy storage systems are used. Growing commercial workstations, which require a large amount of data to be stored centrally, are driving the market in this application segment. Growing cloud-enabled IT services are expected to propel demand for data centers, thus influencing market growth.

·         Distributed energy generation is projected to be the fastest growing application segment at a CAGR of 12% from 2016 to 2024. Low cost of power transmission, reduced complexity, and higher efficiency are key characteristics of DEG systems that are preferred over a conventional generation. Also, this method is expected to provide a boost to the use of renewable sources for power generation and reduce the dependency on fossil fuels.

·         North America was the largest market for flywheel energy storage systems in 2015, with a share of more than 77%. It is projected to witness a steady CAGR from 2016 to 2024. Since this region is home to some of the major IT companies such as Oracle, Cisco Systems, Intel Corp, Google and Microsoft that need storage of large amounts of data centrally, the demand from the data centers segment is projected to increase, by 2024.

·         Active Power, Amber Kinetics, Inc., Beacon Power, LLC, and Calnetix Technologies, LLC account for the majority of the share in this industry. Other important players include Piller Group GmbH, Powerthru, Power Tree, Temporal Power, and Rotonix USA. Agreements, collaborations, and joint ventures were the most commonly adopted development strategies by these players between 2011 and 2016, in order to consolidate their positions in the industry.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/power-generation-and-storage

Grand View Research has segmented the global flywheel energy storage market on the basis of application and region:

• Application Outlook (Capacity, KW; Revenue, USD Thousand, 2013 - 2024)
• UPS
• Distributed Energy Generation
• Transport
• Data Centers
• Others
• Regional Outlook (Capacity, KW; Revenue, USD Thousand, 2013 - 2024)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• South Korea
• Japan
• Latin America
• Brazil
• MEA

For press release of this report - http://www.grandviewresearch.com/press-release/global-flywheel-energy-storage-market

Pressure Vessel Market Is Expected To Reach USD 225.84 Billion By 2024: Grand View Research, Inc.

The global pressure vessel market is expected to reach USD 225.84 billion by 2024, according to a new report by Grand View Research, Inc. Increasing investment in energy sector is anticipated to be the major driving factor for the industry growth.
These vessels are containers designed to hold liquids or gases at high pressure. They have wide applications across various industries including chemicals, oil & gas, petrochemicals, power in the form of compressed air receivers, distillation towers, hot water storage tanks, nuclear reactor vessels, and natural gas storage systems.
They form an integral part of industry infrastructure for safe handling of gases and liquids. Increasing investment to build high performance-infrastructure for oil exploration activities is expected to drive the industry. The tanks are also used to store propane which is a by-product of liquefied gas processing.
Their application as boilers in thermal energy production is further anticipated to augment the industry volume in near future. These boilers are also used for the domestic hot water system. Many companies need water in the purest form and use fractional distillation. Overall product usage in distillation towers is anticipated to provide great opportunities for overall industry growth.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/pressure-vessel-market

Further key findings from the report suggest:

·         Steel alloy dominated the market with an approximate share of 40% in 2015 and is expected to continue its dominance owing to easy availability of steel and superior qualities. The composite materials sector is anticipated to witness the highest growth over the forecast period. Some composite based vessels are expected to offer better performance than steel, which is expected to increase its preference in the near future.

·         Boilers are anticipated to grow at significant rate over the forecast period on account of its wide industrial applications, especially in fractional distillation. Around one-fourth of the industry in 2024 is expected to be captured by in nuclear reactors on account of increasing atomic energy implementations.

·         Power generation was the leading end-use segment and accounted for 33.5% of total market revenue in 2015. Increasing energy demand has been prompting increasing power generation which is expected to drive this segment over the forecast period.

·         Chemicals manufacturing is anticipated to witness the highest growth rate of 5.8% on account of increasing chemical projects in developing regions including the Middle East and Asia Pacific.

·         Asia Pacific was the leading regional market and accounted for 38.3% of total market revenue in 2015. Growth of power and chemicals industry in China and India coupled with government support to expand power generation capacities are anticipated to drive the regional market.

·         Major players operating in the global industry include Mitsubishi, Larsen & Toubro, Bharat Heavy Electricals, Pressure Vessels India, Samuel Pressure Vessels, Doosan, Babcock and Wilcox, Barton Firtop, and Abbott.

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Grand View Research has segmented the pressure vessel market on the basis of material, product, end-use and region:
Global Pressure Vessel Material Outlook (Revenue, USD Billion, 2014 - 2024)

·         Steel Alloy

·         Other Alloy

·         Composite

Global Pressure Vessel Product Outlook (Revenue, USD Billion, 2014 - 2024)

·         Boiler

·         Nuclear Reactor

·         Separator

·         Other

Global Pressure Vessel End-Use Outlook (Revenue, USD Billion, 2014 - 2024)

·         Oil & Gas

·         Chemical

·         Power Generation

·         Others

Global Pressure Vessel Regional Outlook (Revenue, USD Billion, 2014 - 2024)

·         North America

·         U.S

·         Canada

·         Mexico

·         Europe

·         Germany

·         UK

·         France

·         Italy

·         Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Middle East and Africa

·         Saudi Arabia

·         UAE

·         Qatar

·         Central & South America

·         Brazil

·         Venezuela

·         Argentina

For press release of this report - http://www.grandviewresearch.com/press-release/global-pressure-vessel-market