Global Hydro Electricity Market

The lithium-ion (Li-ion) batteries market consists of sales of lithium-ion batteries and related services that are used in electric vehicles, mobiles, laptops, power backups and other electronic devices. The lithium-ion battery is a type of rechargeable battery having high energy density that uses lithium ions as primary component of its electrolyte. Lithium-ion batteries are commonly used in consumer electronic devices.

The water heaters market consists of sales of water heaters. A water heater is a device used for heating water above its ambient temperature, used generally for domestic purposes. The global water heaters market is expected to grow from $38.59 billion in 2020 to $42.68 billion in 2021 at a compound annual growth rate (CAGR) of 10.6%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $62.05 billion in 2025 at a CAGR of 10%. The water heaters market covered in this report is segmented by type into solar heaters, electric heaters, gas and propane heaters, geothermal heaters. Rapid Urbanization is expected to contribute to the growth of the water heaters market in the forecast period. According to the world economic forum (WEF) (2020), urban populations made up the highest share in Northern American countries with 83.6 percent of residents lived in cities and 56.2 percent of the world population was urban. The growth in the urban population coupled with the rise in disposable incomes and affordability among residents of cities will drive the demand for water heaters. Rising electricity prices are expected to limit the growth of the water heater market in the forecast period. Globally, electricity prices are rising due to increasing transmission costs. In 2019, Australian government announced a price hike of AUD50 for all households in Victoria, starting from 2020. Rising electricity prices coupled with the rising power outages, and high installation costs of solar water heaters will limit the growth of the water heaters market. Water heater manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, an energy star certified water heater saves $3500 over its lifetime. In 2019, Rheem Manufacturing, a USA based heating and cooling products manufacturer, through its group entity Paloma Rheem Global, acquired Intergas for an undisclosed amount. This acquisition allows Rheem to increase product offering and also provide it with competitive solutions to increase presence in the European market. Intergas is a Netherlands based manufacturer of heating equipment. The major players covered in the global water heaters market are Siemens AG, Bajaj Electricals Ltd, Bradford White, Rinnai, HTP, Bradford White, Rheem Manufacturing Co, Heat Transfer Products Inc, Bradford White Corp, Noritz Corp, Crompton Greaves Ltd, Haier Water Heater Co. Ltd, Ariston Thermo SPA, Sun Tank, Alternate Energy Technologies, A.O Smith, Viessmann, Rheem manufacturing, Wagner Solar, Linuo Ritter, Bosch, Racold, V Guard Industries, Himin Solar Energy, Chromagen, Venus Home Appliances, AO Smith, Rheem Manufacturing, Siemens, Ariston Thermo, Bajaj Electricals. The countries covered in the global water heaters market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global water heaters market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global water heaters market is segmented - 1) By Product Type: Solar Heaters, Electric Heaters, Gas and Propane Heaters, Geothermal Heaters 2) By End User: Residential, Commercial, Industrial 3) By Distribution Channel: Supermarket/Hypermarket, Specialty Stores, E-Commerce, Others (Wholesalers, Distributors)

The electricity and signal testing instruments market consist of sales of electricity and signal testing instruments and related services such as detecting faults in the operation of electronic devices, capturing responses from electronic devices for the usage of measuring and testing the characteristics of electronic and electrical signals. The electricity and signal testing instruments are necessary to find and analyze the circuit conditions, for checking electronic test equipment and maintenance in various industries. Some of the products manufactured by these instruments include circuit and continuity testers, volt meters, ohm meters, watt meters, mustimeters, and semiconductor test equipment. The global electricity and signal testing instruments market is expected to grow from $54.59 billion in 2020 to $58.33 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $74.62 billion in 2025 at a CAGR of 6%. The electricity and signal testing instruments market covered in this report is segmented by type into electricity testing instruments, other testing and measuring instruments, semiconductor and signal testing instruments. The increasing demand from construction industries drove the market for electricity and signal testing instruments. The electricity and signal testing instruments manufacturing market is registering a strong growth due to rise in construction activity. The increasing demand in construction activity was aided by rising disposable income, strong economic growth, stable political environment and increasing foreign investments. According to the global information, global construction market is expected to grow to $18,775.3 billion at a compound annual growth rate (CAGR) of 10.6% through 2022. Therefore, the increasing demand from construction activities is expected to drive the market for electricity and signal testing instruments. Trade protectionism pertaining to construction industry are expected to increase in most of the markets, this is expected to restrain the electricity and signal testing instruments manufacturing market. Many countries have imposed trade restrictions, especially on imports, to boost local wood and metal products which are widely used in the construction industry. The US also imposes many trade restrictions, especially with China, to improve its local production. For example, the US placed a tariff of 25% on steel and a tariff of 10% on aluminium. The increasing trade protectionism in construction industry has a negative impact on electricity and signal testing instruments market. Therefore, the increasing trade protectionism limits the growth of electricity and signal testing instruments market. The companies in the electricity and signal testing instruments are increasingly investing in miniaturization of the instruments. The fast growth in the electronics industry is leading to the development of small-sized electronic devices for which miniaturised test and measurement equipment are required. Miniaturised test and measurement equipment is flexible and easy to use. For example, Advantest is currently offering miniaturised electricity and signal testing equipment in order to keep up with the growing end user demand. In January 2019, Teradyne, an American developer and supplier of automatic test equipment acquired Lemsys for an undisclosed amount. The acquisition includes change of ownership and enhances Lemsys’s growth through Teradyne’s global distribution and financial strength. This acquisition will allow Teradyne to expand product development and market growth. Lemsys is a Switzerland based company which produces test equipment for the semiconductor industry, electric vehicles, wind and solar power generation, and high-power industrial applications. The major players covered in the global electricity and signal testing instruments market are Fortive Corporation, Rohde & Schwarz GmbH & Co, Anritsu Corporation, Advantest Corp, Teradyne Inc, Good Will Instruments. The countries covered in the global electricity and signal testing instruments market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global electricity and signal testing instruments market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global electricity and signal testing instruments market is segmented - 1) By Type: Electricity Testing Instruments, Other Testing and Measuring Instruments, Semiconductor and Signal Testing Instruments 2) By Application: Environmental Protection, Rail, Water Affairs, Municipal, Others

The semiconductors and related devices market consist of sales of semiconductors and related services. Semiconductors are materials which have an electrical conductivity falling between conductor and an insulator. Semiconductor devices are the components made out of material which is neither a good conductor nor a good insulator material and are useful because their behaviour can be easily manipulated by the addition of impurities, known as doping. Conductivity of the device can be controlled, by exposure to heat, introducing electric or magnetic field or by the mechanical deformation. These devices have wide applications in power devices, light emitters, lasers and optical sensors due to their reliability and compactness. The global semiconductor and related devices market is expected to grow from $496.45 billion in 2020 to $538.27 billion in 2021 at a compound annual growth rate (CAGR) of 8.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $628.01 billion in 2025 at a CAGR of 4%. The semiconductors and related devices market covered in this report is segmented by product type into integrated circuits, memory chips, microprocessors and others and by end-use industry into information technology, aerospace & defense, consumer electronics, automotive, healthcare and others. Rising penetration of mobiles, tablets and other electronics and rising data consumption drives the semiconductors and related devices market. An increase in sales of electronic devices such as smartphones and tablets lead to an increase in generation and consumption of digital content and requires memory chips to store data. For example, the total number of smartphone devices across the world is expected to reach 6 billion by 2020, i.e. eight people out of 10 will own a smartphone by 2020, eventually driving the revenues of semiconductors manufacturing companies. Therefore, increasing use of smartphones is expected to drive the semiconductors and related devices market. Corruption of memory chips restrains the growth of the semiconductors and related devices market. The corruption of the memory chip leads to loss of all the data stored in the memory cards. Sudden power surge, formatting, virus attacks, and sudden removal of memory card from any device are some common factors responsible for corruption of memory card. Additionally, reasons such as uploading and deleting files rapidly when the card is full and capturing photos when the camera is on the low battery could lead to the corruption of memory card ultimately leading to loss of the data stored in the chip. Therefore, the risk of losing data due to the corruption of memory chips hampers the growth of the market. Companies in the memory chip market are developing chips with major technological changes that contribute to the growth of demand for memory chips. Researchers are creating memory chips that can store and process the data, reducing the time and energy required to transfer data and increase the speed of processors. For instance, Samsung Electronics announced the mass production of fifth-generation V-NAND memory chips that transfer data faster and additionally has the fastest data write speed at 500-microseconds (µs). This write speed is a 30% improvement over the previous generation, and the read-time has significantly reduced to 50µs. Technological advances reducing the data transfer time and energy contribute to the growth of the market. In January 2019, Micron Technology Inc., a company engaged in the production of computers, semiconductors, and other related products, acquired the remaining 49% stake in IM Flash Technologies, LLC, a semiconductor company, from Intel Corp for $1.5 billion. Following the transaction, Micron Technology holds 100% stake in IM Flash Technologies. IM Flash Technologies develop and manufacture 3D XPoint memory chips. This acquisition enables Micron to accelerate its research and development (R&D) and optimize its manufacturing plan for 3D XPoint. The major players covered in the global semiconductor and related devices market are Intel, Qualcomm, Samsung Semiconductor, Broadcom, Taiwan Semiconductor Manufacturing Company Limited, NXP Semiconductors N.V., STMicroelectronics N.V., SK Hynix, Micron, MediaTek, Texas Instruments, Advanced Micro Devices, Freescale Semiconductor, Nvidia, Transcend Information, Fujitsu Microelectronics, Western Digital, Taiwan Semiconductor, Toshiba, Nvidia, Sony, Tower Semiconductor Ltd., Infineon, SolarEdge Technologies, Inc., Marvell Technology Group Ltd., Semiconductor Manufacturing International Corporation, Mellanox Technologies, Ltd., AU Optronics Corp. The countries covered in the global semiconductor and related devices market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global semiconductor and related devices market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global semiconductor and related devices market is segmented - 1) By Product Type: Integrated Circuits, Memory Chips, Microprocessors, Others 2) By End-Use Industry: Information Technology, Aerospace & Defense, Consumer Electronics, Automotive, Healthcare, Others 3) By Product: Intrinsic Semiconductor, Extrinsic Semiconductor

The solar electric power generation market consists of sales of solar electric power and related services. It is used in various forms to support the electricity needs of homes or businesses. The solar electric power generation industry includes companies that operate facilities which produce electricity from solar energy. The electricity from solar energy is produced by the conversion of solar energy in photovoltaic (PV) cells, which generate voltage and current at their terminals when exposed to sunlight. The electricity produced is then supplied to electric power transmission systems, which are used to move large quantities of power from generating facilities to substations, and to distribution systems, which are used for short distances to transport electricity to customers locally.

The wind electric power generation market consists of sales of wind power and related services. The wind electric power generation industry includes establishments engaged in producing electricity by using wind turbines. The wind energy is converted to electric power through the rotation of the blades of a rotor (between 10 and 25 rpm), producing kinetic energy, which in turn drives a generator that converts the mechanical energy into electricity. The electricity produced is then supplied to electric power transmission systems, which are used to move large quantities of power from generating facilities to substations, and to distribution systems, which are used for short distances to transport electricity to customers locally. This market includes revenues generated from both offshore and onshore wind turbines.

Other electrical equipment, electronic products and component manufacturing market comprises establishments manufacturing electrical equipment and components (except electric lighting equipment, household-type appliances, transformers, switchgear, relays, motors, and generators). It includes manufacturing of carbon and graphite product, vaporizers, e-cigarettes, other electronic nicotine delivery systems (ENDS) and general electrical equipment and component.

Other Electrical Equipment, Electronic Products and Component Manufacturing Global Market Size

The global other electrical equipment, electronic products and component manufacturing market was valued at $360.8 billion in 2017. Asia Pacific was the largest geographic region accounting for $194.5 billion or 53.9% of the global market. China was the largest country accounting for $116.2 billion or 32.2% of the global other electrical equipment, electronic products and component manufacturing market.

Other Electrical Equipment, Electronic Products and Component Manufacturing Global Market Trend

Many electrical equipment, electronic products and component manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG) in 2016, 1.2 million industrial robots are expected to be deployed by 2025 , thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs.

The power generation market consists of sales of electric power by entities (organizations, sole traders and partnerships) that operate electric power generation facilities. These facilities generate electric power using various forms of energy, such as fossil fuels, nuclear, solar, wind and water. The establishments in this industry produce electrical energy and provide electricity to electric power transmission and distribution systems. The power generation market is segmented into hydro electricity; fossil fuel electricity; nuclear electricity; solar electricity; wind electricity; geothermal electricity; biomass electricity and other electricity. The global power generation market is expected to grow from $1123.99 billion in 2020 to $1168.3 billion in 2021 at a compound annual growth rate (CAGR) of 3.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1484.01 billion in 2025 at a CAGR of 6%. Asia Pacific was the largest region in the global power generation market, accounting for 42% of the market in 2020. Western Europe was the second largest region accounting for 23% of the global market. Africa was the smallest region in the global power generation market. The increasing applications of electricity in the transportation industry are expected to increase the demand for electricity, driving the power generation market. The electrification of railways in underdeveloped and developing countries, setting up of public transportation networks such as rapid metro transit systems, and increasing use of electric vehicles in developed countries will create significant opportunities for power generation companies in the market. India, for example, has planned to complete the electrification of its rail network by 2020, while European countries such as the UK have also planned large-scale rail electrification projects in the forecast period. According to the Edison Electric Institute (EEI), the annual electric vehicle sales in the USA are expected to surpass 1.2 million by 2025. Electric vehicles are expected to account for 9% of the global electricity demand by 2050. The outbreak of the Coronavirus disease (COVID-19) has acted as a significant restraint on the power generation market in 2020 as demand for utility services from industrial and commercial establishments decreased due to trade restrictions and lockdowns imposed by governments globally. Many manufacturing facilities globally halted operations to contain the spread of virus among its workforce, thereby limiting the need for utility services such as electricity and wastewater treatment. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the power generation market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Electric power generation companies are using batteries to store solar energy during daylight hours. The energy-storage sites consist of large lithium-ion batteries. Storage of energy in batteries is also getting prominent in other types of power generation. These batteries store enough energy to serve as a backup in case of power shortage due to disruptions in fuel supply. They are designed to absorb solar power and feed it back to the grid. These systems minimize the need for capital intensive power generation plants, enhance transmission and distribution efficiencies, and reduce operational costs. The World Bank Group is planning to invest $1 billion for a new global program to accelerate investments in battery storage for energy systems. Major companies in the market include EDF Group; Enel SpA; Engie S.A.; E.ON SE; Uniper SE. The countries covered in the global power generation market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global power generation market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global power generation market is segmented - 1) By Type: Hydro Electricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity 2) By End-User: Residential, Commercial, Industrial 3) By Sources Of Energy: Conventional/Non-Renewable Source, Renewable Source 4) By Type of Grid: Off Grid, On Grid