Energy Harvesting Equipment Market 2021 Industry Outlook, Comprehensive Insights, Growth and Forecast

The Global Energy Harvesting Equipment market generated $372 million in 2017 size is expected to reach USD $971 Million By 2026 to grow at a CAGR of 11.4% during the forecast period.

Energy Harvesting Equipment uses electrical energy present in the environment to power various circuits and appliances. Energy harvesting equipment is used to power electronics at locations with no conventional power sources, and in applications in remote locations, underwater, and other difficult-to-access locations. Some applications of energy harvesting equipment include remote corrosion monitoring systems, implantable devices and remote patient monitoring, structural monitoring, RFID, Internet of Things, and equipment monitoring among others.

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The demand for energy harvesting equipment has increased over the years owing to growing environmental awareness among consumers. Rising energy costs, and depletion of traditional fuel sources has increased the adoption of energy harvesting equipment. The increasing need for energy efficiency, supportive government initiatives, and growing awareness regarding use of renewable energy sources supports the growth of the market. Growing demand from building and home automation and wearable electronics along with technological advancement and growing adoption of wireless sensor networks is expected to provide numerous growth opportunities in the coming years.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Energy Harvesting Equipment Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America generated the highest revenue in 2017 owing to introduction of supportive government regulations and growing awareness regarding environmental pollution. The increasing demand from building and home automation sector has accelerated the adoption of energy harvesting equipment in the region.

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Competitive Landscape and Key Vendors

The global Energy Harvesting Equipment market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies profiled in the report include Fujitsu Limited, GreenPeak Technologies, ABB Limited, Texas Instruments Incorporated, Microchip Technology Inc., Siemens AG, Arveni SaS, Cymbet Corporation, Honeywell International Inc., and Enocean GmbH.

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Energy Harvesting Equipment Market Future Scope Analysis Featuring Industry Top Key Players By 2027

Energy Harvesting Equipment Market To Reach $971 Million By 2026 and is anticipated to grow at a CAGR of 11.4% during the forecast period.

Energy Harvesting Equipment uses electrical energy present in the environment to power various circuits and appliances. Energy harvesting equipment is used to power electronics at locations with no conventional power sources, and in applications in remote locations, underwater, and other difficult-to-access locations. Some applications of energy harvesting equipment include remote corrosion monitoring systems, implantable devices and remote patient monitoring, structural monitoring, RFID, Internet of Things, and equipment monitoring among others.

The leading companies profiled in the report include Fujitsu Limited, GreenPeak Technologies, ABB Limited, Texas Instruments Incorporated, Microchip Technology Inc., Siemens AG, Arveni SaS, Cymbet Corporation, Honeywell International Inc., and Enocean GmbH.

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The demand for energy harvesting equipment has increased over the years owing to growing environmental awareness among consumers. Rising energy costs, and depletion of traditional fuel sources has increased the adoption of energy harvesting equipment. The increasing need for energy efficiency, supportive government initiatives, and growing awareness regarding use of renewable energy sources supports the growth of the market. Growing demand from building and home automation and wearable electronics along with technological advancement and growing adoption of wireless sensor networks is expected to provide numerous growth opportunities in the coming years.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Energy Harvesting Equipment Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America generated the highest revenue in 2017 owing to introduction of supportive government regulations and growing awareness regarding environmental pollution. The increasing demand from building and home automation sector has accelerated the adoption of energy harvesting equipment in the region.

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Competitive Landscape and Key Vendors

The global Energy Harvesting Equipment market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Energy Drinks Market Competitive Insights, Growth and Forecast

New York City, 13 March 2020: The global energy drinks market size is anticipated to reach USD 84.70 billion by 2026 growing at a CAGR of 7.3% from 2018 to 2026 according to a new report published by Polaris Market Research.  The report ‘Energy Drinks Market Share, Size, Trends, & Industry Analysis Report, [By Product (Non-alcoholic, Caffeinated, Sports Drink), By Type (Organic, Non-organic, Natural), By Distribution (On-trade, Off-trade & Direct Selling), By Regions]: Segment Forecast, 2018 – 2026′ provides insights on the current market scenario and the future prospects.

Energy drinks are beverages that typically contain taurine, caffeine, vitamins, glucuronolactone, proprietary blends, herbal extracts, and amino acids, which are marketed as products that boost physical stamina and mental alertness. These beverages are formulated both with and without sugar and may or may not be carbonated, thus the product ranges are significantly broad. These products are gaining popularity among athletes, students, service members and even the adult consumers.

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In spite of the significantly increasing demand, current evidence for efficacy, performance and safety is often contradictory and unsystematic, and the primary concern of these beverages is that most of the product categories offered contain high caffeine concentrations. The media, scientific community, athletic departments, governments, including the general public have expressed several safety concerns over consumption of these products.

In a response to these types of concerns, several legislators have formulated different regulations and educational approaches to limit consumption of these products. These are some of the restraining factors that the industry participants face in the present scenario despite the growing demand.

These products experience several different traction types from many demographics, such as the Hispanics and age group between 18 – 35 are deeply inclined for these products whereas the millennial consumers opt for regular use f these beverages. In the next decades, demand for these products will be at its peak as these two consumer groups have been rising tremendously.

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With such commercial momentum of popularity of these products, the industry participants are not exempted from the beverage industry’s larger forces as a whole. Demand for sugar free energy drinks or minimum sugar containing products that are formulated with natural ingredients have been rising.

Moreover, these organic or natural beverages are to satisfy all of the functional characteristics as the conventional products, as are the expectations of the modern consumers and their complex demands. From the startups, new market entrants to the legacy brand names, the energy drinks market are still in the midst of an era of evolution which is expected to redefine these products in the near future.

The U.S. is the largest consumer of energy drinks in the present industry scenario. In 2016 and 2017, regular energy drinks demand in the country slowed down that historically performed strongly. However, demand for sugar free or reduced sugar products have seen significant success spearheading present growth in the U.S. market.

Consumers in the U.S. are also demanding for new and wide variety of natural flavors and functionality within the low-calorie beverage categories. Some of the leading brands in the country include PepsiCo, GCMMF, Coca-Cola, Heinz, GSK, Goldwin Healthcare, Power Horse, NourishCo., Taisho Pharmaceutical Co Ltd., Monster Energy, and Red Bull.

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Oleochemicals Market Growth Analysis, Statistics, Trends, Overview, Facilities & Services by Key Companies till 2026

New York, NY 2 Jan 2020: The global oleochemicals market is expected to reach more than USD 38.61 billion by 2026 with a CAGR of 5.9% during the forecast period as per a new study released by Polaris Market Research. The report “Oleochemicals Market [By Product Type (Fatty Alcohol, Glycerin, Fatty Acid and Others); By Application (Food & Beverage, Personal Care, Detergents & Soaps, Polymers and Others); By Regions]: Market size & Forecast, 2017 – 2026”. provides an extensive analysis of present market dynamics and predicted future trends

The growth in the demand for natural derived products of food and beverage, pharmaceutical industries, chemicals are the main drivers to drive oleochemicals market.

Oleochemicals can be defined as various types of chemical products which are derivatives from vegetable triglycerides or animals, they include elements that are of petrochemical product origin. The basic oleochemicals are fatty acids, fatty alcohols, glycerin and methyl esters. Many companies are investing in research and development to innovate new formulations.

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 Many countries are taking active part in developing new formulations that can help to cater to specific requirement from the end user industries. The companies are shifting their focus on the usage of bio-diesel. Due to the stringent rules and regulations in chemical industry, there has been rise in oil prices, this will further decrease the demand for the chemicals. There is also significant shift in the usage towards shale gas. Even though there are many challenges in the market, there is always an advantage of oleochemicals over petrochemicals. Therefore, there will be increase in demand for oleochemicals in the near future.

The consumer has shifted their focus on having healthy and nutritional food which are derived from natural origin. These is one of the main factors to increase the demand for oleochemicals market. The industry is volatile in making profit through depleting fossil fuels and this will be led for more opportunities in the usage of bio diesel. Hence, with all these advantages demand for these products are estimated to increase in the next few years.

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Asia-Pacific is one of the largest markets for oleochemicals. Increase in the production for palm kernel and palm oil is the driving factor to increase the demand for oleochemical in Asia-Pacific region. There is a rapid increase in the production of palm along with developing integration of raw materials. This has become the main reason for the reorganization in global oleochemical market. The key players in the industry are planning for many production facilities in Europe and U.S. 

The key market players in the oleochemicals market are, Ecogreen Oleochemicals, SABIC, Evyap, China Sanjiang Fine Chemicals, Godrej Industries, Archer Daniels Midland, Emery Oleochemicals, Vantage Specialty Chemicals, Evonik Industries, BASF, Wilmar International, Kao Chemicals, Alnor Oil Co, Isosciences LLC, Vegetable Vitamin Foods Company, Kuala Lumpur KepongBerhad, Eastman Chemical Company, AkzoNobel, PTT Global Chemical Public Company Limited.

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Blockchain Technology in the Energy Sector Market Size, Share, Growth, Trends and Forecast 2019 – 2026

New York, 7 Nov 2019:  “Blockchain Technology in the Energy Sector Market Share, Size, Trends, Industry Analysis Report By Type (Public, Private); By Application (Energy Trading, Grid Management, Supply Chain Management, Payment Schemes, Others); By End-User (Oil and Gas, Power, Others); By Regions, Segments & Forecast, 2018 – 2026” provides a comprehensive analysis of present market insights and future market trends. The global blockchain technology in the energy sector market is anticipated to reach over USD 10,287 million by 2026 growing at a CAGR of 52.9% during the forecast period according to a new study published by Polaris Market Research.
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The private sector has dominated the global market in terms of revenue. Asia Pacific was the leading contributor to the global market revenue in 2017. The block chain technology is a cryptographically managed distributed ledger system on offer by vendors to industries engaged in the energy sector.The block chain technology has come to the forefront with an increasing market for alternative cryptocurrencies coming into adoption thus boosting technology in the energy sector. Cryptocurrencies are finding favorable markets owing to high transaction speeds and immutability.  The support factor for growth of cryptocurrencies is the rising penetration of mobile devices, increased mobile broadband speeds and reduced costs of bandwidth.Rising investments by vendors taking equal part in success of this technology market coupled with primary advancements in broadband technology would accelerate growth of the technology in the energy sector market during forecast period.  Emerging economies in the hope of reaping rich dividends express growing interest and with technological advancements are expected to provide stellar growth opportunities in the coming years.Complete Summary with TOC Available @ https://www.polarismarketresearch.com/industry-analysis/blockchain-technology-in-the-energy-sector-market
The way blockchain technology in energy sector works is smart contracts are set that allows prosumers to feed surplus energy into the grid through a blockchain enabled meter. The electricity flow is automatically coded into the blockchain and algorithms compare buyers with sellers in real time.Asia Pacific generated highest revenue in market in 2017. The rising security concerns with online transactions with high transaction speeds and immutability offered by blockchain technology boosts the growth of the market. Astronomical mobile broadband speeds and reduced costs of bandwidth and computing power boost the market growth in the region. The rising adoption of Blockchain-as-a -service, increasing trend of smart payments and contracts, and advances in technology are expected to offer growth during forecast period.The key players in Blockchain Technology include Accenture, Oracle Corporation, Microsoft Corporation, Deloitte, IBM Corportaion, Grid+, NOdalblock, SAP SE, Power Ledger Pty. Ltd. and Amazon Web Services, Inc.Avail discount on this report @ https://www.polarismarketresearch.com/industry-analysis/blockchain-technology-in-the-energy-sector-market/request-for-discount-pricing
About Polaris Market ResearchPolaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world.Contact us-Polaris Market ResearchPhone: 1-646-568-9980Email: sales@polarismarketresearch.com Web: www.polarismarketresearch.com

Solar Inverters/ PV Inverters Market Size Worth $25.86 Billion by 2026

New York City, 02 May 2019: Global solar inverters / PV inverters market is expected to grow from USD 5.32 billion in 2017 to USD 25.86 billion by 2026, at a CAGR of 16.1% during the forecast period, according to a study published by Polaris Market Research.

The energy demand globally is snowballing progressively over the last few decades with new methods of energy sources are continually discovered to meet the energy demand of the future. Natural and conventional energy sources such as coal is continually depleting thus renewable sources are explores constantly. Solar energy is one form of renewable energy source where sunlight is converted into electricity. Solar inverters are basically used along with solar or photovoltaic cells to convert direct current (DC) into alternative current (AC). The inverter industry has been going under a concentrated phase of procedural innovation. For project developers, investors as well as regulators, inverters form an integral part. Solar power to support utility grids has gained traction owing to rising demand for power. However, not much solar power plants are placed into grids owing to higher cost associated in setting up of solar power systems as compared to coal, wind and nuclear power generation systems. For installing solar power generation systems into a utility grid, solid state inverters are considered to be the benchmark.

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Inverter technologies is constantly going under technological upgradations thus promising better grid support and sophisticated system optimization, the market is expected to reach its zenith during the forecast period. Solar inverters are generally selected on the basis of array size and AC grid inter-tie. Countless modifications regarding design such as grid-tie inverters, stand alone inverters and backup inverters are designed upon their application. The residential and commercial construction activities are recovering globally, this end-user segment is expected to hold vital considerations for the growth of the solar inverters market share.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Solar Inverters Market, 2018-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

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Competitive Landscape and Key Vendors:

The global solar inverters market is a concentrated market with the presence of limited multinationals and national players. Asia Pacific market generated the highest demand in 2017. This was primarily due to the increasing demand renewable energy sources in China as well as growing number of photovoltaic solar plants in the country. Additionally, depleting natural energy sources as well as deteriorating air quality has forced the government to take actions and curb emission of harmful gasses. Apart from China, Japan and South Korea, Indian which is rapidly becoming a major consumer of solar inverters in the region is also expected to generate substantial demand. European nations such as Germany, France, UK and Italy are anticipated to be some of the leading nations to generate substantial demand by 2026 in the region. North America is yet another potential industry in terms of production as well as consumption of solar inverters.

Some of leading industry participants include Huawei, Sungrow Power Supply, SMA Solar Technology AG, ABB Ltd., Sineng, TBEA, TMEIC, Schneider Electric, SolarEdge Technologies, Power Electronics, KACO New Energy Inc., Fronius, Wuxi Sineng, SunPower Corporation, Delta Electronics, Inc., Hitachi Hi-Rel Power Electronics Pvt. Ltd. and Siemens AG among others.

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base in a wide range of industries including healthcare, technology, semi-conductors and chemicals. We strive to provide our clients with updated information on innovative technologies, high growth markets, emerging business environments and the latest business-centric applications, thereby helping them to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of SMEs, analysts and consultants

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Coiled Tubing Market Size Estimated To Reach USD 5,694 Million By 2026 |CAGR of 6.1%

New York City, 18 January 2019: The Report “Coiled Tubing Market, [By Operation (Pumping, Circulation, Logging, Others); By Location (Onshore, Offshore); By Application (Drilling, Well Cleaning and Completion, Well Intervention, Others); By Region]: Market Size & Forecast, 2018 – 2026 “ The global Coiled tubing market generated USD 3,362 million in 2017 and is anticipated to grow at a CAGR of more than 6.1% during the forecast period according to a new study published by Polaris Market Research.

Coiled tubing is steel or composite tubing used for deployment of tools and materials through production tubing or casing while performing remedial work on producing wells. Coiled tubing offers a dynamic seal between the formation pressure and the surface, along with a continuous channel for fluid conveyance. Coiled tubing provides strength and rigidity, ability to circulate treatment fluids, and efficient workover operations. Coiled tubing does not require a workover rig, and can be used on high-pressure wells.

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North America Coiled Tubing Market Share, By Location, 2017 – 2026

The increasing demand for energy, and growing trend of horizontal drilling has increased the demand for coiled tubing. The rising demand for exploration & production activities, and growing development of unconventional oil blocks supports the growth of the Coiled Tubing Market. The growing industrialization, significant investments in research and development, and growing adoption of natural gas as a fuel are factors expected to further boost the market during the forecast period. Growing demand from emerging economies, and increasing government support are factors expected to provide numerous growth opportunities for Coiled Tubing Market during the forecast period.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Coiled Tubing Market, 2017–2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Top Companies Profiles: Halliburton Co., Weatherford International Ltd., Baker Hughes, Trican Well Service Ltd, Cudd Energy Services, Schlumberger Ltd., Calfrac Well Services Ltd., C&J Energy Services, Inc., Nabors Industries Ltd., and Archer Limited

North America Coiled Tubing Market generated the highest revenue in 2017 owing to increasing trend of horizontal drilling, and growing demand for oil and gas in power production and transportation applications. Increasing energy demand from countries of this region, growing shale gas explorations, increasing demand for natural gas as fuel, and technological advancements are further expected to support market growth.

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Competitive Landscape and Key Vendors :
The global Coiled tubing market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Electric Motors Market Size Estimated To Reach USD 157.4 Billion By 2026

New York City, 17 January 2019: “ The Report Electric Motors Market [By Type (AC Motor, DC Motor, Hermetic Motor); By Voltage (Upto 1 kV, 1 kV – 6.6 kV, Above 6.6 kV); By Output Power (Upto 1 hp, Above 1 hp); By End-User (Automotive, Agriculture, Residential, Commercial, Industrial, Others); By Region]: Market Size & Forecast, 2018 – 2026″

The growing adoption of electric vehicles is expected to support market growth of electric motors. The increasing requirement to reduce vehicle emissions and global carbon footprint drives the demand for electric vehicles. Use of electric vehicles offer benefits such as low maintenance costs, reduced harmful vehicle emissions, while providing comparable power. Electric vehicles are increasingly being used to restrict the emission of carbon, nitrogen, and other harmful compounds from gasoline and diesel vehicles. This is one of the largest ancillary industry which is pushing the demand for electric motors globally.

Global Electric Motors market is anticipated to reach over USD 157.4 billion by 2026 according to a new study published by Polaris Market Research. In 2017, the AC motor segment dominated the global market, in terms of revenue Asia-Pacific is expected to be the leading contributor to the global market revenue of electric motors during the forecast period.

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The diverse applications of electric motors in majority of industries such as healthcare, construction, packaging, automotive, and consumer goods among others are expected to support the growth of this market. Other driving factors include rising demand for electric motor in household appliances, growing use in HVAC applications, and government support for development of high efficiency electric motors are propelling the market growth. However, high maintenance costs, and stringent regulations hampering the market growth. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The presence of emerging industries such as healthcare, agriculture, construction, and automotive, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization and growth of manufacturing industry further support market growth in the region.

The different types of electric motors include AC motors, DC motors, and hermetic motors. In 2017, the AC motor segment accounted for the highest market share owing to the increasing demand for AC motors from industries such as agriculture, paper & pulp, and chemicals. They are majorly used in industrial applications and machine tools. Some key features offered by AC motors include controlled acceleration, low power demand on start, adjustable operational speed, adjustable torque limit, and reduced power line disturbances among others.

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Leading Top Companies: Emerson Electric Co., Rockwell Automation, Inc., Ametek, Inc., Siemens AG, Denso Corporation, Bosch Group, Baldor Electric Co., ABB Ltd., Hitachi, Ltd., General Electric Company, Allied Motion Technologies, Inc., and Regal Beloit Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Steam Turbine Market Global Trend, Analysis and Future Forecast 2017-2026

New York City, 17 Jan 2019: The Report “Global Steam Turbine Market [By Type (Steam Cycle Steam Turbine, Combined Cycle Steam Turbine, Cogeneration Steam Turbine); By Exhaust Type (Condensing, Non-Condensing); By Capacity (<120MW, 121MW-350MW, 351MW-750MW, >750MW); By End-User (Energy and Power, Industrial, Others)], and Geography – Trend, Analysis and Forecast, 2017-2026”

Steam turbines are rotary heat engines used for conversion of thermal energy of steam to mechanical energy or to electrical energy. The components of steam turbine include boiler, turbine, condenser, feed pump, and other auxiliary devices. Steam Engines are primarily used for powering electrical generators. Most of the electricity generation in the world is through the use of steam turbines. Steam turbines are used in almost all modern and future thermal power plants. The different types of steam engines include impulse turbines and reaction turbines. Modern steam engines use a combination of impulse and reaction turbines.

The growing industrial sector, and presence of heavy industries is expected to drive the growth of the steam turbine market in this region. The growing demand for electricity from developing countries such as China, Japan, and India, support the growth of the steam turbine market. Increasing initiatives and investments by governments in the region to support the development of power plants and energy systems boost the adoption of steam turbines in the region

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Steam Turbine Market

Global Steam turbine market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. economic growth and government initiatives boost the growth of Asia-Pacific Steam Turbine Market On the basis of geography, Asia-Pacific is expected to dominate the global steam turbine market during the forecast period.

The growing consumption of electricity across the world primarily drives the growth of the steam turbine market. There has been an increased focus on non-conventional energy utilization, which supports the steam turbine market growth. The strong growth in the industrial sector, and increasing investment for generating thermal power capacity expansion boosts the adoption of steam turbines. There has been an increasing demand for combined cycle and co-generation, supplementing the growth of steam turbine market. There has been an increased demand of steam turbines in emerging economies owing to development and industrialization. Global players are expanding their business in developing regions to increase their customer base and improve the geographical outreach.

Key players in the global Steam Turbine market are: BYD Company Limited, Alstom SA , Ansaldo Energia S.P.A. , General Electric Company , Siemens AG , Harbin Electric International Company Limited , Bharat Heavy Electricals Limited, Mitsubishi Heavy Industries, Dresser-Rand, Doosan Škoda Power

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Well Cementing Services Market Expected to Expand at a CAGR of 4.9% in Terms of Revenue over 2018-2026

New York City, 17 January 2019: The Report “Well Cementing Services Market, [By Process Type (Primary Cementing, Remedial Cementing, Others); By Application (Onshore and Offshore); By Regions]: Market size & Forecast, 2018 – 2026” The global well cementing services market generated USD 79.31 billion in 2017 and is anticipated to grow at a CAGR of 4.9% during the forecast period.

The increasing demand for energy, hence forth the expansion of oil & gas exploration and production towards new fields, deep strata, drilling and completion engineering confront with several cementing problems. But, the increasing demand for hydrocarbon has also lead to significant technological developments that has helped in solving cementing problems under complex operating and geologic conditions including brine, salt gypsum formations, HTHP, long cemented sections, sour gas reservoirs etc. Anti-channeling evaluation method, close packaging method, cement ring failure evaluation, etc. and other complex oil and gas well cementing technologies such as leak well, deep well, horizontal well, salt gypsum, glass storage cementing processes are the recently developed and most widely used technologies currently. Industry participants have been developing partnerships among themselves and developing several novel well cement types for improved and more efficient operational advantages.

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North America Well Cementing Services Market Share By Process Type, 2017-2026

The dip in crude prices has however significantly affected the well cementing service market up to certain extent. Stringent regulations regarding cementing processes and its materials are anticipated to restrain the well cementing service market in several geographies. As this industry is fully dependent on production of oil and gas and its low prices has been a major concern. The dip in crude prices is anticipated to enhance strong economic growth however; the situation has disrupted regional growth among the oil producing nations. API standards for the cement used for cementing services have several classifications and different grades of cement are used in different geographies. Remedial well cementing services have been very popular in the low crude price era. Several new unexplored reserves in Brazil, China, Russia and several parts of Europe is expected to drive further demand of these services.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Well Cementing Services Market, 2017–2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Competitive Landscape and Key Vendors: 

Middle East & Africa, considered as a combined well cementing services market account for the maximum share in 2017. Increasing exploration and drilling operations in several African countries is the major factor driving the regional well cementing service market along with the Middle East countries exceptionally higher figures of well counts in a worldwide scale. North America is anticipated to be the second leading well cementing services market in terms of revenue generation form well cementing operations. Asia Pacific is among the fast growing regional well cementing services market driven by significantly increasing E&P operations in the past few years.

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Some of the leading industry participants in well cementing services market include Gulf Energy LLC, Sanjel Corporation, Condor Energy Services Ltd., Nabors Industries Ltd., Calfrac Well Services Ltd., Trican Well Service Ltd., Schlumberger Limited, Weatherford International Inc., Halliburton, Inc., Baker Hughes Inc., Nine Energy Service, Inc., Consolidated Oil Well Services, Magnum Cementing Services Ltd., Viking Services, Tenaris, Vallourec, Top-Co and China Oilfield Services Ltd.

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