Utilities Industry Overview

Wind energy refers to the method of generating electricity by turning the kinetic energy of moving air into electricity. Wind energy is a clean, renewable energy source that is also among the most cost-effective electricity sources. The main turbine type in wind energy is the horizontal axis and vertical axis. The horizontal axis refers to a wind turbine whose rotational axis is parallel to both the ground and the wind stream. The main components are the turbine, support structure, electrical infrastructure and others. The various locations are onshore and offshore, that are used in utility, industrial, commercial and residential applications. The wind energy market research report is one of a series of new reports from The Business Research Company that provides wind energy market statistics, including the wind energy industry global market size, regional shares, competitors with a wind energy market share, detailed wind energy market segments, market trends and opportunities, and any further data you may need to thrive in the wind energy industry. This wind energy 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. The global wind energy market is expected to grow from $81.73 billion in 2022 to $90.33 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wind energy market is expected to reach $129.12 billion in 2027 at a CAGR of 9.3%. An increase in the adoption of renewable energy sources is expected to propel the growth of the wind energy market going forward. The energy produced from naturally renewing but flow-restricted sources are referred to as renewable energy. The increasing use of renewable energy is creating a huge demand for wind energy as it is a clean, cost-free, and easily accessible source of renewable energy. For instance, in June 2022, as per the report by the U.S. Energy Information Administration, a US-based energy organization, the primary source of the entire yearly U.S. energy consumption was biomass. Approximately 5 quadrillion British thermal units (Btu) and 5% of all primary energy used in the United States were provided by biomass in 2021. Biofuels accounted for approximately 2,316 TBtu (mainly ethanol) of the total; 2,087 TBtu from wood and biomass derived from wood; and 431 TBtu from biomass found in municipal solid waste and sewage, animal manure, and agricultural leftovers. Thus, an increase in the adoption of renewable energy sources is driving the growth of the wind energy market. Technological advancements are a key trend gaining popularity in the wind energy market. Major companies operating in the wind energy market are developing products with advanced technologies to sustain their position in the wind energy market. For instance, in July 2022, WEG Industries, a Brazil-based electric engineering company, launched a brand-new wind turbine platform with Medium-Speed Geared (MSG) drive technology and features a 7 MW and a 172 meters rotor diameter. Its unique features enable seamless electrical grid hookup and flexibility to adjust to and adhere to various grid codes in each region because it is integrated with a full power drive. It can produce reactive energy when there is no wind, which has extra benefits in addition to producing power. The redesigned design also includes modular components, such as a taller tower, to improve logistical procedures and provide an easier assembly idea, particularly for uneven geographic locations. In October 2021, Statkraft, a Europe-based renewable energy company, acquired the wind power portfolio of Breeze Three Energy for an undisclosed amount. With this acquisition, Statkraft expands its portfolio of European onshore wind power with the addition of 39 wind farms in Germany and 4 wind farms in France. Breeze Three Energy, is a UK-based company operating wind farms and providing wind energy. Major players in the wind energy market are Siemens Gamesa Renewable Energy, ABB India Limited, Suzlon Energy Ltd., Ørsted A/S, Goldwind, ReGen Powertech, Vensys Energy, Wind World (India) Limited, United Power, Nordex SE, Sinovel Wind Group, EDF Renewable Energy, ReGen Powertech, Vensys Energy, Adani Green Energy, and Pearce Renewables. Asia-Pacific was the largest region in the wind energy market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wind energy report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wind energy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The wind energy market consists of sales of Dutch type grain-grinding windmills, multi-blade water-pumping windmills, and high-speed propeller-type windmills. 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 global wind energy market is segmented - 1) By Turbine Type: Horizontal Axis, Vertical Axis 2) By Component: Turbine, Support Structure, Electrical Infrastructure, Other Components 3) By Location: Onshore, Offshore 4) By Application: Utility, Industrial, Commercial, Residential

The waste-to-energy process refers to a technique that converts municipal solid waste, which is generated by industrial, commercial, and domestic sectors, into energy. The energy generated can be used directly by the plant or exported to the local utility or nearby businesses. The types of waste involved in waste to energy market are municipal solid waste, agricultural waste, and others. Municipal solid waste refers to waste collected by the municipality or disposed of at the municipal waste disposal site and includes residential, industrial, institutional, commercial, municipal, construction, and demolition waste. The technologies involved are thermal, biochemical, and others that are used for heat and electricity applications. The waste-to-energy market research report is one of a series of new reports from The Business Research Company that provides waste-to-energy market statistics, including waste-to-energy industry global market size, regional shares, competitors with waste-to-energy market share, detailed waste-to-energy market segments, market trends, and opportunities, and any further data you may need to thrive in the waste to the energy industry. This waste-to-energy 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. The global waste to energy market is expected to grow from $33.32 billion in 2022 to $35.57 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The waste to energy market is expected to grow to $45.39 billion in 2027 at a CAGR of 6.3%. Increasing efficient waste management is expected to propel the growth of the waste-to-energy market going forward. Efficient waste management refers to the proper segregation of waste at source and ensuring that the waste goes through different streams of recycling and resource recovery. The most efficient waste management solution will be the sustainable method of waste to energy that produces heat that can generate electricity. For instance, in November 2020, according to an article by the World Economic Forum, a Switzerland-based International Organization for Public-Private Cooperation, Wales aims to achieve zero waste by 2050, and the EU is looking at adopting a new target for 2030, thought to be at least 65%. Also, Germany has the best waste management rate in the world. Austria comes in second, followed by South Korea and Wales. All four countries manage between 52% and 56% of their municipal waste management. Switzerland, in fifth place, recycles almost half of its municipal waste. Therefore, increasing efficient waste management is driving the growth of the waste-to-energy market. Technological advancements are emerged as a key trend gaining popularity in the waste-to-energy market. Major companies operating in the waste-to-energy market are focused on innovating new technologies to sustain their position in the market. For instance, in September 2022, Waste Fuel Solutions, a US-based developer of bio-refineries that are focused on converting municipal solid waste into low-carbon fuels, launched the WasteFuel Methanol technology. The WasteFuel Methanol technology is designed to produce up to 100 metric tons per day of fuel-grade methanol from a variety of waste sources, including landfill gas and biogas from anaerobic digestion. The process is designed in a modular fashion to improve the overall utilization of resources and allow for cost-effective, quick scaling. This technology will be built efficiently where waste is located and will scale production efficiently and rapidly to meet the shipping industry’s growing demand for green methanol. In February 2021, First Sentier Investors, an Australia-based asset management company, acquired Wheelabrator Technologies for an undisclosed amount. This acquisition is expected to provide essential waste treatment services to customers and communities, develop critical waste-to-energy infrastructure, and support green recovery. Wheelabrator Technologies is a US-based company that deals in the eco-friendly conversion of municipal solid waste and other renewable waste fuels into clean energy. Major players in the waste to energy market are Abu Dhabi National Energy Company, Babcock and Wilcox Enterprises Inc., China Everbright International Limited, Covanta Holding Corporation, Suez Environment S.A., Veolia Environnement S.A., Foster Wheeler AG, Keppel Seghers, C and G Ltd., John Wood Group Plc., Xcel Energy Inc., Sims Limited, Constructions Industrielles de la Méditerranée, and Future Biogas Limited. Europe was the largest region in the waste to energy market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waste to energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the waste to energy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The waste-to-energy market includes revenues earned by entities by the combustion of wastes, which heats water, generates steam, or makes electricity via a steam-powered turbine. 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 global waste to energy market is segmented - 1) By Waste Type: Municipal Solid Waste, Agricultural Waste, Other Waste Types 2) By Technology: Thermal, Biochemical, Other Technologies 3) By Application: Heat, Electricity

A power distribution unit is a device that has several outputs and is used to provide continuous electric power to multiple systems. This unit transfers and controls the power supply to computers, servers, networking devices, and other systems in a data center. The main types of power distribution units are basic, metered, switched, intelligent and others. A basic power distribution unit (PDU) refers to a power strip that distributes the accurate voltage and electricity to multiple outlets within an IT environment. The power phases include single-phase and triple phases distributed through offline channels, resellers or distributors, direct to end-users, integrators or maintenance, and online channels used. It is used by various industries such as data centers, telecom and IT, BFSI, healthcare, government, education, retail, utilities, military and defense and others. The power distribution unit market research report is one of a series of new reports from The Business Research Company that provides power distribution unit market statistics, including power distribution unit industry global market size, regional shares, competitors with a power distribution unit market share, detailed power distribution unit market segments, market trends and opportunities, and any further data you may need to thrive in the power distribution unit industry. This power distribution unit 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. The global power distribution unit market is expected to grow from $3.12 billion in 2022 to $3.46 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The power distribution unit market is expected to grow to $5.07 billion in 2027 at a CAGR of 10.1%. An increasing number of data centers is expected to propel the growth of the power distribution unit (PDU) market going forward. A data center is a physical structure that houses critical applications and data. A power distribution unit (PDU) provides standard electrical outlets for data center equipment. For instance, according to CBRE, a US-based commercial real estate services and investment company's North American Data Center Trends Report, in 2021, 493.4 megawatts (MW) of net absorption of data center space were observed in the seven major U.S. markets, a 50% increase from 2020. Therefore, an increasing number of data centers is driving the growth of the power distribution unit (PDU) market. Consumer preference for intelligent AI-driven PDU is expected to be a key trend gaining popularity in the power distribution unit (PDU) market. Companies are coming up with innovative smart power distribution units to meet consumer demands. For instance, in June 2022, MetraAV, a US-based commercial, and residential integration products manufacturer launched Big Dog Power Smart Power Distribution Unit (PDU) to solve technical issues The unique features of the product include remote control, smart home integration, surge protection, and rack temperature control, among others. In July 2021, nVent Electric plc, a UK-based electrical connection, and protection solutions provider acquired CIS Global for a deal value of $200 million. This acquisition improves nVent's positioning in the electrification market, strengthens nVent's global offering in data centers and networking solutions, and expands capabilities in advanced technologies in power management. CIS Global is a US-based intelligent power distribution unit provider. Major players in the power distribution unit market are Schneider Electric SE, Eaton Corporation PLC, ABB Ltd., Cisco Systems Inc., Legrand SA, Leviton Manufacturing Co. Inc., Schneider Electric SE, Tripp Lite, Vertiv Group Corp., Enlogic Systems LLC. , Siemens AG, Hewlett Packard Enterprise, Elcom International Private Limited, Panduit, and Chatsworth Products. North America was the largest region in the power distribution unit market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power distribution unit report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the power distribution unit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The power distribution unit market consists of sales of intelligent PDUs, non-intelligent PDUs. 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 global power distribution unit market is segmented - 1) By Type: Basic, Metered, Switched, Intelligent, Other Types 2) By Power Phase: Single Phase, Triple Phase 3) By Distribution Channel: Offline Channels, Resellers or Distributors, Direct to End-users, Integrators or Maintenance, Online Channels 4) By Industry: Data Centers, Telecom and IT, BFSI, Healthcare, Government, Education, Retail, Utilities, Military and Defense, Other Industries

A gas-insulated substation is a high-voltage substation that uses sulphur hexafluoride gas as the insulating medium at moderate pressure for phase-to-phase and phase-to-ground insulation. The main conducting structures are housed inside a sealed environment. The main voltages in the gas-insulated substation market are medium voltage, high voltage, and extra high voltage. Medium voltage refers to it is usually used for distribution systems with voltages above 1 kV and commonly carried out up to and along with 52 kV. These are installed indoors and outdoors for various applications including power transmission, power distribution, and power generation by different end-users including power utilities, the industrial sector, and the commercial and residential sectors. The gas-insulated substation market research report is one of a series of new reports from The Business Research Company that provides gas-insulated substation market statistics, including global market size, regional shares, competitors with a gas-insulated substation market share, detailed gas-insulated substation market segments, market trends and opportunities, and any further data you may need to thrive in the gas-insulated substation industry. This gas-insulated substation 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. The global gas-insulated substation market is expected to grow from $19.99 billion in 2022 to $22.43 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gas-insulated substation market is expected to grow to $31.91 billion in 2027 at a CAGR of 9.2%. The increasing demand for clean energy is expected to boost the growth of the gas-insulated substation market. Clean energy refers to electricity that comes from renewable, zero-emission sources that do not pollute the atmosphere while used, in addition to energy saved by way of power efficiency measures. The clean energy consists of 245 kV voltage is a key well-known voltage level for the European high voltage grid answers high voltage merchandise, GE Renewable Energy. Having SF6-loose fuel-insulated substations at 245 kV might be vital to helping the decarbonization of the high-voltage grid. For instance, in 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, Global electricity generation from renewable sources increased to 29% in 2020 from 27% in 2019. In 2021, the wind was set for the largest increase in renewable generation, growing by 275 TWh (17%), which is greater than 2020 levels. Thus, the increasing demand for clean energy is driving the growth of the gas-insulated substation market. Product innovation is a key trend in the gas-insulated substation market. Major companies operating in the gas-insulated substation market are focused on developing innovative solutions to strengthen their position in the market. For instance, in August 2020, Mitsubishi Electric Corporation, a Japanese corporation specialising in electrical and electronic equipment, launched the LV100-type T-series insulated gate bipolar transistor module for industrial applications. The LV100 package, which is widely used in railway and electric power applications and is currently being upgraded for industrial applications, has a high degree of adaptability and current density. Additionally, it can help reduce the size and power loss of power converters, especially inverters used in photovoltaic and wind power production applications as well as high-capacity motor drives. In July 2020, Hitachi Ltd., a Japan-based conglomerate corporation, acquired ABB Power Grids for $7.8 billion. Through this acquisition, Hitachi would form a new company to address the power industry's renewable and distributed energy frontier and become one of the world's top grid equipment and service providers. ABB Power Grid is a Switzerland-based energy innovation and transition company operating in the gas-insulated transformer market. Major players in the gas-insulated substation market are Hitachi Ltd., Larsen & Toubro Limited, Eaton Corporation PLC., CG Power and Industrial Solutions Limited, Schneider Electric SE, Bharat Heavy Electricals Limited, Elsewedy Electric Co S.A.E., Powell Industries Inc., Hyosung Corporation, Fuji Electric Co. Ltd., Hyundai Heavy Industries Co. Ltd., ABB Ltd., Siemens AG, Toshiba Corporation, General Electric, and Mitsubishi Electric Corporation. Asia-Pacific was the largest region in the gas-insulated substation market in 2022, and is expected to be the fastest-growing region in the forecast period. The regions covered in the gas-insulated substation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the gas-insulated substation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The gas-insulated substation market consists of sales of regular HV components which include disconnections, CBs, bus bars, voltage, and cutting-edge transducers. 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 global gas-insulated substation market is segmented - 1) By Voltage: Medium Voltage, High Voltage, Extra High Voltage 2) By Installation: Indoor, Outdoor 3) By Application: Power Transmission, Power Distribution, Power Generation 4) By End-User: Power Utilities, Industrial Sector, Commercial And Residential Sector

Industrial power supply refers to the components that transform electrical power into different forms and magnitudes, as well as an electrical device that is used to supply power to industrial equipment. The main product type of industrial power supply are AC-DC converters and DC-DC converters. AC-DC converters refer to electrical circuits that optimize the variable DC voltage produced from the input AC voltage through a filter to produce an unregulated DC voltage. AC-DC converters in the industrial power supply are used to convert alternating current (AC) into a steady direct current (DC) voltage so that various electrical devices can be powered by it. It has different output power such as very low output (up to 500 w), low output (500-1, 000 w), medium output (1, 000 w-10 kw), high output (10-75 kw) and very high output (75-150 kw), that are used in transportation, semiconductor, military and aerospace, robotics, test and measurement, industrial 3-d printing, battery charging and test, automotive, energy, and others. The industrial power supply market research report is one of a series of new reports from The Business Research Company that provides industrial power supply market statistics, including industrial power supply industry global market size, regional shares, competitors with a industrial power supply market share, detailed industrial power supply market segments, market trends and opportunities, and any further data you may need to thrive in the industrial power supply industry. This industrial power supply 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. The global industrial power supply market size is expected to grow from $8.07 billion in 2022 to $8.67 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial power supply market size is expected to grow to $11.14 billion in 2027 at a CAGR of 6.4%. The adoption of electric vehicles is expected to propel the growth of the industrial power supply market going forward. Electric vehicles are vehicles that consist of a motor that is powered by electricity stored in batteries. It operates on electric motors and charges its batteries with electricity instead, which requires various industrial power supply subsystems, such as AC/DC converters and battery management systems, for their functionalities. Additionally, with defense against COVID-19 and aspirations to achieve net-zero emissions, EV and hybrid vehicles are suddenly adopted. Such a surge in electric vehicle demand has increased production and demand for industrial power supply. For instance, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, the increasing adoption of electric vehicle is driving the growth of the industrial power supply market. Technological advancements have emerged as a key trend gaining popularity in the industrial power supply market. The market is witnessing the implementation of advanced technologies to improve in energy efficiency levels of these power supplies. Major companies operating in the industrial power supply market are focused on innovating new technologies to sustain their position in the market. For instance, in August 2022, Toshiba Electronics Europe GmbH, a Europe-based electronic components business of Toshiba Electronic Devices and Storage Corporation, launched five 1200V silicon-carbide (SiC) MOSFETs. It increases the energy efficiency of high-voltage industrial applications using the third-generation SiC technology. The new devices include an incorporated Schottky barrier diode (SBD), additionally improving the dependability of SiC MOSFETs by overcoming internal parasitic effects and maintaining a steady device RDS (on). This technology furthur enhances conduction and switching performance in power-conversion topologies by increasing the on-resistance x gate-drain charge (RDS(on) x QGD) figure of merit by more than 80%. In January 2020, XP Power, a Singapore-based developer and manufacturer of critical power solutions acquired Glassman High Voltage Inc. for $44.5 million. With this acquisition, XP Power would expand its product range to include standard, modified, and custom high voltage, high power conversion devices. Glassman High Voltage Inc. is a US-based designer and manufacturer of high voltage, high power, power supplies. Major players in the industrial power supply market are TDK Lambda, Siemens, Delta Electronics, ABB Ltd., Murata Power Solutions, Bel Fuse, Advanced Energy, XP Power, Mean Well, COSEL, Amara Raja Power System, Astrodyne TDI, MTM Power, Phoenix Contact, and GlobTek. Asia-Pacific was the largest region in the industrial power supply market in 2022. The regions covered in the industrial power supply report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the industrial power supply market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The industrial power supply market consists of sales of transformer, rectifier, filter, regulator circuits, switches. 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 global industrial power supply market is segmented - 1) By Product Type: AC-DC Converters, DC-DC Converters 2) By Output Power: Very Low Output (up to 500 W), Low Output (500-1, 000 W), Medium Output (1, 000 W-10 kW), High Output (10-75 kW), Very High Output (75-150 kW) 3) By Vertical Type: Transportation, Semiconductor, Military And Aerospace, Robotics, Test And Measurement, Industrial 3-D Printing, Battery Charging And Test, Automotive, Energy, Other Verticals

Industrial burner refers to a mechanical device that combines fuel and air and creates a platform for combustion using an ignition source. Boiler and furnace heating system is dependent on industrial burners to control the temperature of the whole manufacturing facility as well as other heating activities that occur during production.. The main fuel type of industrial burner are oil, gas, solid fuel, dual fuel. Oil refers to any of a number of viscous liquids used in cosmetics, paintings, pharmaceuticals, and other goods that do not dissolve in water. It is used as a fuel in industrial burner where heat exchanger warms cold water. The multiple burner types includes by burner type radiant burner, direct-fired burner, regenerative burner, high thermal release burner, self-recuperative burner and others, that operats in high temperature (> 1, 400°f), low temperature (< 1, 400°f). These are applied in boilers, furnaces/forges, air heating/drying; incineration, and other applications. The industrial burner market research report is one of a series of new reports from The Business Research Company that provides industrial burner market statistics, including industrial burner industry global market size, regional shares, competitors with a industrial burner market share, detailed industrial burner market segments, market trends and opportunities, and any further data you may need to thrive in the industrial burner industry. This industrial burner 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. The global industrial burner market size is expected to grow from $5.59 billion in 2022 to $5.98 billion in 2023 at a compound annual growth rate (CAGR) of 7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial burner market size is expected to reach $7.6 billion in 2027 at a CAGR of 6.2%. Increasing power generation is expected to drive the Industrial burner market going forward. The market for industrial burners is expanding primarily as a result of increased power generation and electricity for large-scale power plant installations of industrial burners in boilers. For instance, according to the report by world energy & climate statistics, an application that delivers data by region with updated statistics and related information, in 2022, in The BRICS countries, where electricity consumption increased noticeably, especially in China (+9.7%), India (+4.8%), Russia (+6.4%), and Brazil (+9.5%) were the driving force behind the growth in global power generation (+8.5% in 2021, 10% above their 2019 level). In China, the majority of the increase in power generation came from coal, wind, and solar energy. Therefore, increasing power generation will stimulate the growth of the industrial burner market in the forecasting period. Technological advancement is a key trend gaining popularity in the industrial burner market. Major companies in the industrial burner market are advancing in their new technologies and research and developments industrial burner market. For instance, in October 2021, E&M Combustion, a Spanish -based provider of new combustion technologies and manufacturer of the industrial burner, introduced – a prototype hydrogen burner, designed for use in district heating systems, for heating large regions and buildings, and can run solely on hydrogen or a combination of hydrogen and natural gas. E&M Combustion is testing this final option, which uses a gas and hydrogen mixture, and it is quite practical. It is made up of a hydrogen mixture with 15% to 20% natural gas, which gives the enriched mixture a higher calorific value and allows for more reliable and effective combustion. Due to hydrogen's unique properties of being invisible to human sight, using hydrogen alone as fuel presents a significant difficulty in improving flame detection. In July 2021, Andritz, an Austria -based company operatinh in industrial burner market, acquired Enviroburners Oy for an undisclosed amount. The acquisition includes all of Enviroburners' intellectual property rights, technical expertise, tools, systems, and inventory, which strengthens ANDRITZ's self-sustainability and reliability in the burners market and opens up new growth opportunities, particularly in environmental protection applications. Enviroburners Oy is a Finland -based provider of maintenance and repair of flue gas equipment for industrial production processes and power generation. Major players in the industrial burner market are Weishaupt Group, Honeywell International Inc., Andritz AG, Baltur S.p.A, OILON GROUP OY, Selas Heat Technology Company and Webster Combustion, Alzeta Corporation, Oxilon Pvt. Ltd., Limpsfield Combustion Engineering, John Zink Company LLC, Forbes Marshall Private Limited, Faber Burner Company, Miura America Co.LTD., Wesman Group, Webster Combustion Technology LLC, and AGF Burner Inc. Asia-Pacific was the largest region in the industrial burner market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial burner report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the industrial burner market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The industrial burner market consists of revenues earned by entities by providing services such as burner optimization, burner repairs and rebuilds. The market value includes the value of related goods sold by the service provider or included within the service offering. The industrial burner market also includes sales of base, barrel (chimney), air regulator (collar), air holes, gas valve, gas nozzle, and gas intake tube which are used in providing industrial burner services. 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 global industrial burner market is segmented - 1) By Fuel Type: Oil, Gas, Solid fuel, Dual fuel 2) By Burner Type: Radiant Burner, Direct-fired Burner,  Regenerative Burner, High Thermal Release Burner, Self-recuperative Burner and Others 3) By Operating Temperature: High Temperature (> 1, 400°F), Low Temperature (< 1, 400°F) 4) By Application: Boilers, Furnaces/Forges, Air Heating/Drying, Incineration, Other Applications

Combined heat and power (CHP) refers to the power generation method that uses the cogeneration technique for the simultaneous production of useful thermal energy (heating and/or cooling) and mechanical power or electricity from a single source of energy. The main types of fuel produced in combined heat and power are natural gas, coal, biomass, and other using various technologies such as combined cycle, steam turbine, gas turbine, reciprocating engine, and others. Natural gas refers to the fossil energy source that is formed deep beneath the earth's surface and contains different compounds such as methane, a molecule consisting of one carbon atom, four hydrogen atoms, and one oxygen atom. Natural gas in combined heat and power systems is used as fuel for process heating in the industrial sector. It has a capacity of up to 10 mw, 10-150 mw, 151-300 mw, and above 300 mw. The combined heat and power are used in commercial, industrial, residential, utilities, and other end-uses. The combined heat and power market research report is one of a series of new reports from The Business Research Company that provides combined heat and power market statistics, including combined heat and power industry global market size, regional shares, competitors with a combined heat and power market share, detailed combined heat and power market segments, market trends and opportunities, and any further data you may need to thrive in the combined heat and power industry. This combined heat and power 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. The global combined heat and power market size is expected to grow from $25.82 billion in 2022 to $27.73 billion in 2023 at a compound annual growth rate (CAGR) of 7.38%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The combined heat and power market is expected to reach $34.52 billion in 2027 at a CAGR of 5.63%. The growing adoption of biomass power is driving the growth of the combined heat and power market. Biomass power refers to the energy generated or produced by living or once-living organisms such as plants, in which energy from these organisms can be burned to create heat or converted into electricity. Biomass is used in combined heat and power (CHP) systems to produce energy through the biomass gasification process, as well as in the development of micro-CHPs and hydrogen energy systems by combining biomass gasification to use biomass feedstock to produce fuel cells. For instance, in 2021, according to the US Energy Information Administration (EIA), a US-based federal agency for collecting, analyzing, and disseminating energy information, nearly 5 quadrillion British thermal units (Btu) and 5% of all primary energy used in the United States were provided by biomass in 2021. Additionally, in March 2021, according to the Ministry of New and Renewable Energy, an India-based government agency for new and renewable energy sources, more than 70% of the population of India relies on biomass for its energy needs and accounts for about 32% of the nation's primary energy use. Therefore, the growing adoption of biomass power is expected to propel the growth of the combined heat and power market in the coming years. Technological advancement is the key trend that is gaining popularity in the combined heat and power market. Major companies operating in the market are focused on research and development for product innovations such as a 4.2 kW combined heat and power unit that uses a solid oxide fuel cell (SOFC). An energy conversion device known as a solid oxide fuel cell (SOFC) uses an electrochemical reaction between fuel and an oxidant across an ionic conducting oxide electrolyte to generate electricity. For instance, in June 2019, Miura Co. Ltd., a Japan-based company operating in energy conservation and environmental preservation partnered with Ceres Power, a UK-based company operating in clean energy, and launched a 4.2 kW combined heat and power product using Ceres Power’s SteelCell technology, a solid oxide fuel cell (SOFC) technology to target commercial building sector in Japan. 4.2 kW combined heat and power (CHP) unit can provide clean energy and hot water to a commercial building with low carbon emission using a gas supply, which aids business continuity even during power outrage. In March 2022, MPC Energy Solutions (MPCES), a Netherlands-based company operating in sustainable energy and primarily focusing on low-carbon energy infrastructure, acquired the Neol CHP plant for an undisclosed amount. Through this acquisition, MPC Energy Solutions (MPCES) aims to strengthen its market presence in combined heat and power. Neol CHP plant is a Puerto Rico-based 3.4 MW combined heat and power (CHP) plant. Major players in the combined heat and power market are General Electric Company, Siemens AG, Veolia Environnement S A, Wärtsilä Oyj Abp, 2G Energy AG, Capstone Green Energy, Caterpillar Inc., Dalkia Aegis EDF Group LLC, Bosch Industriekessel GmbH, Centrica PLC., Cummins Inc., Kawasaki Heavy Industries Ltd., The Viessmann Group, Clarke Energy, Elite Energy Systems LLC, MAN Energy Solutions SE, Centrax Gas Turbines, ABB Group and Tecogen Inc. Asia-Pacific was the largest region in the combined heat and power market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the combined heat and power market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The combined heat and power (CHP) market consists of sales of fuel cells, microturbines, sterling engines, and combined cycle power plants. 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 global combined heat and power market is segmented - 1) By Fuel: Natural Gas, Coal, Biomass, Other Fuel 2) By Technology: Combined Cycle, Steam Turbine, Gas Turbine, Reciprocating Engine, Other Technologies 3) By Capacity: Up To 10 MW, 10-150 MW, 151-300 MW, Above 300 MW 4) By End-Use: Commercial, Industrial, Residential, Utilities, Other End-Uses

Biomass Gasification Market Definition