Global Concentrated Photovoltaic Market Worth US$266.0 million by 2014

Method of generating electrical power by converting solar radiation into direct current electricity is called Photovoltaics (PV), using semiconductors that exhibit the photovoltaic effect. Photovoltaic power generation employs solar panels composed of a number of solar cells containing a photovoltaic material. Materials presently used for photovoltaics include monocrystalline silicon, polycrystalline silicon, amorphous silicon, cadmium telluride, and copper indium gallium selenide/sulfide.

PV technology initially had to contend with issues such as low conversion efficiency and high initial investment. However, power output has significantly improved through the development of new technologies involving mirrors/reflectors that focus sunlight falling over a huge area onto a small set of PV cells. CPVs are also often equipped with trackers following the sun’s position so that sun rays directly hit the panel of reflectors and are then redirected to the PV cell arrays. As CPV reflectors require huge open areas, the technology often has to contend with the issue of water shortage for cooling CPV cells. Air or the hybrid wet-dry cooling technology enables the use of CPV cells in deserts and isolated places

 
(Source-Wikipedia image)

The Concentrated Photovoltaic (CPV) market includes Low Concentration Photovoltaic (LCPV), Medium Concentration Photovoltaic (MCPV) and High Concentration Photovoltaic (HCPV). The CPV market is still in a nascent stage but is developing rapidly due to the finite nature of non-renewable sources of energy, and the increasing demand for higher output and green energy. The CPV market is estimated to reach $266.0 million in 2014 from about $63.9 million in 2009. 

 Among all segments, HCPV commands the largest share of global CPV market, and is also expected to have the highest CAGR of 39.1% from 2009 to 2014. The conversion of HCPV systems lowers land requirement, and facilitates higher energy output at lower costs. HCPV technology is thus expected to achieve cost parity with conventional sources of electricity at a faster rate than other CPV technologies. With growing investments and large pipeline of projects, the total installed CPV installed capacity is expected to reach 1 GW by 2013.

The R&D conducted by the instituto de system as fotovoltaicos de concentrancion (ISFOC) of Spain has played a significant role in the development of CPV technology. The global CPV market is yet to be diversified and currently witnesses only limited competition. Some of the key players in this field are SolFocus, Concentrix Solar, Emcore, Spectrolab, Guascor Photon, Silicon CPV etc. New startups such as Semprius, Cyrium Technologies, GreenVolts, Sol3g etc have also begun making significant contributions in the development of CPV market. Resource-sharing collaborations and new technology developments are the two most popular strategies being adopted by companies in this field to gain competitive edge in the market.

Global geothermal power and heat pump market offering a propitious growth rate of 14% by 2015.

The energy derived from the earth’s crust is geothermal energy which is a renewable source of energy.The heat obtainable underneath is called as geothermal heat, which is utilized to generate power by drilling wells and deploying various technologies such as dry steam, flash steam, and binary cycle.Direct use in space heating, aquaculture, horticulture, swimming pools, and spa treatments are some major utilization of geothermal heat.

(Source-Google image)

The global geothermal energy market including power generation and direct use in terms of installed capacity is expected to grow from 61,200 MW in 2010 to 120,300 MW in 2015 at an estimated CAGR of 14% for the same period. Europe leads the geothermal market with a share of 37% followed by Americas and Asia with 32% and 27% share respectively for geothermal energy supply.

The global geothermal electricity market is expected to grow from installed capacity of 10,500 MW in 2009 to 19,200 MW in 2015, at an estimated CAGR of 12.4% and the global geothermal direct use installed capacity is expected to grow from 50,500 MW in 2010 to 101,100 MW in 2015 at an estimated CAGR of 14.9% for the same period.

(Source-Google image)

The global cumulative installations of geothermal heat pumps are expected to grow from 2.94 million in 2010 to 5.66 million in 2015 at an estimated CAGR of 14% for the same period. The major countries using geothermal heat pumps are Germany, Netherlands, Norway, Sweden, and U.S. The major portion .i.e. around 67% of geothermal energy available for direct use is utilized by geothermal heat pumps for space/district heating requirements.

Due to the natural occurrence of geothermal resources having source temperature above 90oC due to geological activities, the Americas region is leading in geothermal power installed capacity globally with 43% share. It is followed by Asia Pacific at 41%. Europe leads in geothermal direct use installed capacity with a share of 42%. It is followed by the Americas with 30% share due to availability of resources having source temperature under 90oC.

The major countries involved in geothermal power generation are U.S. followed by Philippines, and Indonesia, whereas in geothermal direct use, U.S. is followed by China and Sweden in 2010.

The main driving factors in the geothermal market are environment-friendliness and lower operating and maintenance cost when compared to conventional fuels. The favorable policy and regulation framework and recent investment activities by governments and venture capitalists are boosting the development of the geothermal energy market. However, the growth in the market is impacted by higher initial cost and limited geographical availability of resources. All these reasons make Europe and Americas leading regions in direct use and geothermal power generation respectively.

The major players in geothermal power industry are Enel (Italy), First Gen (Philippines), Ormat Technologies (U.S.), Reykjavik Energy (Iceland), and Magma Energy Corp. (Canada) and the major players in the geothermal heat pump are Climate Master Inc. (U.S.), Waterfurnace International Inc. (U.S.), Ochsner (Germany), and Florida Heat Pumps (U.S.).

Global Coal Bed Methane (CBM) production forcasts 5,150 BCF in 2021

Methane is yielded from coal bed methane production.CBM is used in the power generation, commercial, residential, industrial, and transportation sectors,as it is the cleanest burning fossil fuel. In addition, it is easy to store and transport..Most of the CBM global consumption can be attributed to industrial utilization, which has a share of 39%, followed by power generation with a share of 31%.  Tight gas and CBM (uncenventional gas) are attracting renewed interest.


Source-Google images.

Global CBM production is expected to accent from 3,654 billion cubic feet in 2011 to 5,150 billion cubic feet in 2021 at a CAGR of 3.5% for the same period. Between 2016 and 2021, the CBM market is expected to grow at 5.8%. Russia (34.6%), China (14.7%), Indonesia (14.9%), and Canada (11.1%) are expected to lead the growth in the CBM market.Most of the CBM global consumption can be attributed to industrial utilization, which has a share of 39%, followed by power generation with a share of 31%.

Global CBM Consumption, by Applications, 2010

Source: MarketsandMarkets, EIA

 The boost for CBM market is wayed through its capacity for greenhouse gas mitigation, provision of improved safety to the coal mining industry, and opportunity for GHG sequestration and carbon credits. The ongoing natural gas pipeline projects and fossil-fuel importing countries’ efforts to diversify their fuel mix are also drawing interest to the CBM sector. The long dewatering period and the ongoing debate and studies into environmental concerns abates CBM development. The CBM sector provides opportunities in the ethylene and NGL manufacturing areas. Further, new coal bearing regions are being opened up to players in countries such as India, China and Indonesia. Various companies and consortiums are studying the feasibility of enhanced CBM production; combined with carbon sequestration. However, this technology is currently only in the testing phase.

Arrow Energy Ltd. (Australia), BG Group PLC (UK), Santos Ltd. (Australia), Origin Energy Ltd. (Australia), BP PLC (UK), EnCana Corp. (Canada), Petronas (Malaysia), Metgasco Ltd. (Australia), and China United Coal Bed Methane Corp. Ltd. (China) are major CBM producing companies. Oil and gas majors including BP (UK) and ConocoPhillips (U.S.) are also acquiring CBM assets in regions with high potential. In addition, Halliburton and Schlumberger are significant oilfield services companies that participate in CBM development.

Ready to Drink Tea & Coffee Market worth $125 Billion by 2017

One of fastest growing segment of the global soft drinks market is the ready to drink tea and ready to drink coffee market .The global RTD tea and coffee market is dominated by RTD tea with Asia-Pacific region as major market participant. RTD tea market showed maximum new product launches with variety of combinations and formulations than RTD coffee products.The reasons for the rapid growth of Ready to Drink tea and Ready to Drink coffee market is grasp from health conscious population.

Consumers preferring instant energy source by combination of RTD tea and coffee products,switch from carbonated drinks, with energy drinks is another market driver. Complimenting the above growth drivers the rising per capita income in developing and emerging economies are expanding Ready to Drink tea and Ready to Drink coffee market in those geographies. The rise in cost of raw material and competition from traditional hot and freshly ground tea and coffee are the major stumbling blocks in RTD tea and coffee market.

In 2011 the global market for Ready to Drink tea and Ready to Drink coffee was estimated to be worth around $70 billion and is expected to reach $125 billion by 2017, growing at a CAGR of 10.9% from 2012 to 2017. North America and Europe are expecting a rise in demand for the RTD tea and coffee market due to an increase in consumer awareness about health benefits of these products over other soft drinks.

 

                                                                      (Source-www.google.com)

With unique distribution alliances the RTD tea and coffee manufacturers are able to tap most of the world geographies. Another strategy adopted by manufacturers is introducing wide range of flavors in the existing product line which led to increased shelf visibility, catching attention of consumers. The major health benefits focussed are antioxidant property, instant source of energy with reduced fat, and enhanced vigour.

To capitalize on the growth trend in the global Ready to Drink tea and Ready to Drink coffee market, several leading companies are rushing in to the development and manufacturing. Growing demand is forcing the global soft drinks manufacturers to add RTD tea and coffee to their product line. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include: PepsiCo Inc. (U.S.), The Coca-Cola Company (U.S.), Suntory Holdings Ltd (Japan), Nestle S.A. (Switzerland), Ting Hsin International Group (China), Sapparo Beverage Co. Ltd (Japan).

High Temperature Insulation Market worth $3.5 billion by 2016

Effective heat management and energy conservation in industrial processes is necessary due to increasing cost of power and the rapid depletion of conventional sources of energy. High temperature insulation products provides high compressive strength and low shrinkage at high temperatures and thus offer a cost-effective energy management solution for industrial processes.

The global HTI products market is as insulation products with an operating temperature exceeding 1000° C ,witnessing tremendous growth due to the increasing awareness about the energy saving, cost effectiveness and emission reduction offered by these products, and industrialization of emerging economies.

The high temperature insulation market (defined as insulation products with maximum operating temperature exceeding 1000° C) is estimated at $2.7 billion in 2011. Industrialization of emerging economies, the need for energy conservation and emission reduction, wide range of applications across petrochemical industry, and development of low bio persistent products are the major market drivers and opportunities and will influence the market size to grow by compounded annual growth rate (CAGR) of 5.4% during 2011 – 2016.

Prices of HTI product vary largely across geographies. In Asia, due to lower raw material and labor costs, prices are considerably less than that in North America and Europe. Prices of HTI product also change with increase in operating temperature. The change is predominant in North America and Europe where prices increase up to 10 - 12 times with increase in temperature.

 High Temperature Insulation Market, by geography, 2011 (% Share)

(Source: MarketsandMarkets Analysis)

The global HTI products market is estimated to grow from $2.7 billion in 2011 to $3.5 billion in 2016. While Europe led the global HTI market in 2011 with a 39% share, India, China, Russia and Middle East have registered dynamic growth rates.

The major applications of HTI products are petrochemicals, cement, glass, ceramics, refractory, aluminum, powder metallurgy, and iron and steel industry. Petrochemicals currently hold a 30% share of the overall HTI market, and are expected to continue being the largest application market through 2016. Glass forms the next largest application segment, holding a 14% share of the overall market currently. Most of the applications require insulation at maximum temperature ranging from 1000° C to 1300° C. HTI products falling within this temperature range account for 65% of total HTI market revenue. 

On the basis of properties, high temperature insulation market can be divided into ceramic fibers, calcium silicate, insulating firebricks (IFB) and others. Out of the different HTI material categories, ceramic fibers are the most widely used material, and hold nearly 60% of the market in 2011. The high temperature resistance, superior tensile strength and flexibility are reason driving the demand for this material. IFB find favored usage in the furnace applications and occupies the 20% of the market share in 2011. Newer materials like aerogel, bio-persistent insulation materials, etc. occupy a small share in the market, however, show the promise for the period from 2011-2016.