Energy & Power

The global  solid oxide fuel cell market  is expected to reach USD 1.42 billion by 2025, growing at a CAGR of 30%, according to a report by Grand View Research, Inc. Government funding is largely being replaced by corporate funding and in turn exhibited to display positive growth potential. There has been an increase of more than 44% of corporate funding from the period 2013 until 2016 hence displaying feasible commercialization prospect for the technology.  U.S. SOFC market revenue by application, 2014 - 2025 (USD Thousand) The rising pressure among nations to reduce carbon emissions while strengthening energy security is another factor favoring the growth of the solid oxide fuel cell market. Due to its working characteristic, solid oxide fuel cell has an efficiency in the range of 50-60%. However, there are concerns among solid oxide fuel cell manufacturers to reduce the production cost to generate significant profit margin. The soaring capital & operational costs and u

Global  solar cell industry  is expected to reach over 1,087.0 GW by 2022 owing to increasing demand for electricity coupled with rising consumer awareness regarding environmental benefits of renewable energy sources. Stringent government regulations in various economies to encourage use of solar energy through incentives and feed-in-tariffs is also anticipated to drive demand over the forecast period.  Technological advancements have led to efficient performance and reduction in manufacturing cost of the cells which is expected to fuel growth. Moreover, rising demand for eco-friendly energy sources in order to reduce dependence on fossil fuels and achieve energy security is expected to propel growth over the next seven years. Full Research Report On Global Solar Cell Market Analysis: http://www.grandviewresearch.com/industry-analysis/solar-cell-market Increasing demand for PV systems in residential, utility and commercial applications is expected to have a positive impac

The global  hydraulic fracturing market  is expected to reach USD 81.10 billion by 2024, according to a new report by Grand View Research, Inc. Growing E&P companies’ concern towards declining production rates in conventional hydrocarbon reserves along with shifting focus towards developing unconventional oil & gas blocks globally is anticipated to drive the market growth. Favorable initiatives by the U.S. and Chinese government in the form of financial aids, tax incentives and easy provision of FDI in the hydrocarbon sector are estimated to steer the industry expansion over the next few years. Several bans, moratoriums and pubic concerns regarding environmental impacts of the technology particularly in counties including France, Tunisia, Bulgaria, Romania, and South Africa are expected to remain key challenges for the industry participants over the forecast period. U.S. hydraulic fracturing market revenue, by technology, 2014 - 2024 (USD Million) Plug & perf te

The global  lithium-ion battery market   is expected to reach USD 93.1 billion by 2025, growing at a CAGR of 17.0%, according to a new report by Grand View Research, Inc. Increased usage of lithium-ion batteries in electric vehicles, portable consumer electronics and grid storage systems owing to its high energy density and high safety level is expected to drive market demand. Lithium-ion batteries are used in applications that require lightweight and high-energy density solutions. These batteries provide the highest energy density per weight and are mostly used in cellular phones, notebook computers, and hybrid automobiles. Technological advancements to reduce the weight of batteries, cost and increase their power output, is expected to augment industry expansion. In addition, competent distribution channels are likely to be an important way to gain a competitive advantage. Energy storage system is expected to witness the fastest growth over the forecast period at a CAGR of

The global  solar PV glass market  is expected to be valued at USD 33.7 billion by 2025, according to a report by Grand View Research, Inc. Growing social and political consensus aimed at adopting clean energy sources is expected to drive the market in the coming years. Solar PV glass is being increasingly used in various applications such as residential, non-residential and utility sectors. Tempered glass, in particular, is being employed in roofing applications as well as in the manufacturing of glass windows. In developing countries, regional governments are taking various initiatives to install solar panels not only on newly constructed buildings but also on old building structures. Government initiatives to achieve a sustainable future with clean energy are anticipated to positively drive the market over the forecast period. U.S. solar PV glass market revenue, by product, 2014 - 2025 (USD Billion) Residential application segment is witnessing growth due to the rising pe

Global  Fuel Cell Market  is expected to reach USD 24.81 billion by 2025 , according to a new report by Grand View Research, Inc. Growing demand for unconventional energy sources is one of the key factors driving the global fuel cell market. Fuel cell is one of the fastest growing alternate backup power options primarily due to the utilization of hydrogen as fuel. In addition, they are eco-friendly as their by-product is harmless in nature, unlike other conventional technologies.  On the basis of policy development, China is still lagging but shows tremendous promise in the near future as the majority of the Chinese fuel cell manufacturers have been focusing to develop proton exchange membrane fuel cells. This implies the focus of the country to incorporate fuel cells in various modes of transport.  The market is expected to witness strategic alliances to expand the end user segment in emerging markets. Public – private partnerships will be critical in attaining an economically