Global Solar Electricity Market

The high-density polyethylene market consists of the sales of high-density polyethylene and its related services used in pipes systems, toys, and plastic containers. High-density polyethylene is a plastic polymer with flexible properties. PE-HD has high density, and is resistant to impact and chemicals, hence it is widely used in healthcare and laboratory environments. PE-HD is also used in heave-duty damp proof membranes, flexible bags, and films. The global high-density polyethylene market is expected to grow from $72.5 billion in 2020 to $87.23 billion in 2021 at a compound annual growth rate (CAGR) of 20.3%.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 $101.29 billion in 2025 at a CAGR of 4%. The high-density polyethylene market covered in this report is segmented by end use industry into packaging, building and construction, agriculture, automotive, others. The unique set of properties of PE-HD (high-density polyethylene) such as lightweight, impact resistance, flexibility, and ability to resist low temperatures serves as the most important drivers for the market. These properties have increased demand for PE-HD in end-user industries such as manufacturing, energy, geothermal, marine, mining, landfill, HVAC, gas, oil, mining and agricultural industry. HDPE pipe is environmentally sustainable because it is non-toxic, corrosion and chemical resistant, has a long lifespan. According to Pipeline & Gas Journal, large number of oil and gas companies are exploring plastic pipe as an alternative for pipeline transportation to reduce operative expenses as they are corrosion-resistant, flexible, and lightweight. The use of competitive materials such as polypropylene (PP) is threatening the growth of HDPE market. HDPE is opaque and translucent in nature whereas PP being amorphous or crystalline in nature is preferred in cases where transparent packaging is required. Polypropylene is unusually resistant to many chemical solvents, bases and acids. It is much less brittle than HDPE. PP is also microwavable safe and dishwasher safe. Owing to its lighter nature, PP is now used in a wide variety of applications, including food packaging, textiles, laboratory equipment, automotive components, over HDPE. Thus, the market for HDPE is negatively impacted by this inter-polymer competition between PP and HDPE. The demand for thermoplastics from the automotive industry can be attributed to the weight reduction revolution. For instance, BMW is using thermoplastics for the exterior skin of their newest vehicles such as the i series. The rising demand for thermoplastic materials increased the demand for polypropylene market thereby driving the market. Companies involved in high-density polyethylene (PE-HD) market are investing heavily to increase sustainability of PE-HD. Companies are putting efforts to use raw materials that are environmentally safe, and simultaneously maintain the quality and safety standards of their products. Following the trend, For instance, Chevron Phillips Chemical is one of the top suppliers of polyethylene in the world. It provides high-density (HDPE), medium-density (MDPE), low-density (LDPE), linear low-density (LLDPE), metallocene, and masterbatches for a broad range of applications including pressure pipe, soap and detergent bottles, flexible packaging, coating and laminations, films, and more. In 2020, CPChem Co. LP (CPChem), a joint venture of Chevron Corp. and Phillips offered to buy Nova Chemicals for $15 billion. The deal would enable CPChem Co. LP group to increase its ethylene reach making it third largest polyethylene producer in North America and expand its market reach. Nova Chemicals, headquartered in Canada, is a plastics and chemical company. The major players covered in the global high-density polyethylene market are Asahi Kasei Corp., Braskem S.A., Chevron Phillips Chemical Co., Dow Chemical Co., Exxon Mobil Corp., Formosa Plastics Corp.,  LyondellBasell industries NV , Borealis AG, PetroChina Company Limited, Abu Dhabi Polymers Company Ltd. The countries covered in the global high-density polyethylene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global high-density polyethylene market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global high-density polyethylene market is segmented - 1) By Product Type: PE 63, PE 80, PE 100 2) By Application: Oil & Gas Pipe, Agricultural Irrigation Pipe, Water Supply Pipe, Sewage System Pipe, Others 3) By End Use Industry: Packaging, Building And Construction, Agriculture, Automotive, Others

The biomass electric power generation market consists of sales of electricity generated using biomass and related services for household and commercial purposes. Biomass gasification refers to a process that involves the burning of biomass for the generation of producer gas or syngas for production of electricity. Producer gas is a combustible gas mixture of carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen. The gasification process uses heat, pressure and partial combustion which takes place when the air supply (o2) is inadequate for the combustion of biomass.

The geothermal electric power generation market consists of sales of geothermal electric power and related services. Geothermal energy is derived using the earth`s internal heat energy to generate steam through a series of wells and is fed to the power plant to generate electricity.

The ventilation, heating, air-conditioning, and commercial refrigeration equipment market consists of sales of ventilation, heating, air-conditioning, and commercial refrigeration equipment by entities (organizations, sole traders and partnerships) that produce ventilation, heating, air-conditioning, and commercial refrigeration equipment, including heating equipment (except warm air furnaces) and air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment. The ventilation, heating, air-conditioning, and commercial refrigeration equipment market is segmented into HVAC and commercial and industrial refrigeration equipment; commercial fan and air purification equipment; and heating equipment (except warm air furnaces). The global ventilation, heating, air-conditioning, and commercial refrigeration equipment market is expected to grow from $507.62 billion in 2020 to $525.45 billion in 2021 at a compound annual growth rate (CAGR) of 3.5%. 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 $703.82 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global ventilation, heating, air-conditioning, and commercial refrigeration equipment market, accounting for 58% of the market in 2020. North America was the second largest region accounting for 20% of the global market. Africa was the smallest region in the global ventilation, heating, air-conditioning, and commercial refrigeration equipment market. The ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. 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. Machinery manufacturers depend heavily on supply of raw materials, parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing 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. The geothermal heating and cooling technology is becoming popular because of the surge in demand for energy efficient HVAC systems. Geothermal HVAC absorbs heat from the facility and transfers it underground and it uses cool water from the ground to create cool air conditioning in the facility. It consists of an indoor handling unit and a system of pipes underground which requires very low maintenance and lasts longer than traditional HVAC systems. Geothermal heating and cooling systems are now installed in about 50,000 US houses each year, according to the US Department of Energy. Major companies in the market include United Technologies Corporation; Daikin Industries Ltd; Johnson Controls Inc; Ingersoll Rand; Bosch Group. The countries covered in the global ventilation, heating, air-conditioning, and commercial refrigeration equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global ventilation, heating, air-conditioning, and commercial refrigeration equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global ventilation, heating, air-conditioning, and commercial refrigeration equipment market is segmented - 1) By Type: HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (except Warm Air Furnaces) 2) By Capacity: Small, Medium, Large Subsegments Covered: HVAC Equipment, Commercial And Industrial Refrigeration Equipment, Polystyrene Foam Products, Urethane And Other Foam Product, Air Purification Equipment, Attic And Exhaust fans, Other Commercial Fan And Air Purification Equipment, Heating Boilers, Heating Stoves, Floor And Wall Furnaces, Other Heating Equipment (except Warm Air Furnaces)

The HVAC and commercial and industrial refrigeration equipment market consists of sales of HVAC and commercial and industrial refrigeration equipment by entities (organizations, sole traders and partnerships) that produce HVAC and commercial and industrial refrigeration equipment. Examples of products in this market include air-conditioning equipment, refrigerated counter and display cases, snow making machinery, and attic and exhaust fans. The HVAC and commercial and industrial refrigeration equipment market is segmented into HVAC equipment; and commercial and industrial refrigeration equipment. The global HVAC and commercial and industrial refrigeration equipment market is expected to grow from $398.41 billion in 2020 to $412.04 billion in 2021 at a compound annual growth rate (CAGR) of 3.4%. 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 $545.69 billion in 2025 at a CAGR of 7%. Asia Pacific was the largest region in the global HVAC and commercial and industrial refrigeration equipment market, accounting for 62% of the market in 2020. North America was the second largest region accounting for 22% of the global market. Africa was the smallest region in the global HVAC and commercial and industrial refrigeration equipment market. The HVAC and commercial and industrial refrigeration equipment market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the HVAC and commercial and industrial refrigeration equipment market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. 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. Machinery manufacturers depend heavily on supply of raw materials, parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the HVAC and commercial and industrial refrigeration equipment 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. The geothermal heating and cooling technology is becoming popular because of the surge in demand for energy efficient HVAC systems. Geothermal HVAC absorbs heat from the facility and transfers it underground and it uses cool water from the ground to create cool air conditioning in the facility. It consists of an indoor handling unit and a system of pipes underground which requires very low maintenance and lasts longer than traditional HVAC systems. Geothermal heating and cooling systems are now installed in about 50,000 US houses each year, according to the US Department of Energy. The countries covered in the global HVAC and commercial and industrial refrigeration equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global HVAC and commercial and industrial refrigeration equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The major players covered in the global HVAC and commercial and industrial refrigeration equipment market are AAON Inc, Carrier Corp., Daikin Industries, Danfoss Group, Emerson Electric Company. The global HVAC and commercial and industrial refrigeration equipment market is segmented - 1) By Type: HVAC Equipment, Commercial And Industrial Refrigeration Equipment 2) By Capacity: Small, Medium, Large Subsegments Covered: Air-Conditioning Equipment, Warm Air Heating Equipment, Commercial Refrigeration Equipment, Industrial Refrigeration Equipment

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

The electric power generation, transmission, and distribution market consists of sales of electric power by entities (organizations, sole traders and partnerships) that generate, transmit, and/or distribute electric power. Establishments in this market are engaged in operating generation facilities that produce electric energy; operating transmission systems that convey the electricity from the generation facility to the distribution system; or operating distribution systems that convey electric power received from the generation facility or the transmission system to the final consumer. The electric power generation, transmission, and distribution market is segmented into electric power transmission, control, and distribution and power generation. The global electric power generation, transmission, and distribution market is expected to grow from $3262.34 billion in 2020 to $3451.79 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. 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 $4526.55 billion in 2025 at a CAGR of 7%. Asia Pacific was the largest region in the global electric power generation, transmission, and distribution market, accounting for 44% of the market in 2020. Western Europe was the second largest region accounting for 26% of the global market. Africa was the smallest region in the global electric power generation, transmission, and distribution market. The power generation industry is expected to see increased investment activity in the forecast period. Investments in microgrid technology, renewables and other advanced technologies are expected to drive the market. In the forecast period, the USA is expected to see investments of about $12.5 billion in microgrid. The renewable energy investments are expected to reach $ 1,000 billion in the USA during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a significant restraint on the electric power generation, transmission, and distribution 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 electric power generation, transmission, and distribution 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 increasingly using batteries to store solar energy during daylight hours. These energy-storage sites consist of large lithium-ion batteries. These batteries store enough energy to serve as a back-up in case of fuel shortages. 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, thereby enhancing transmission and distribution efficiencies and thus reduce operational costs. For Instance, World Bank Group is planning to invest USD 1 billion for a new global program to accelerate investments in battery storage for energy systems. Major companies in the market include Électricité de France; Enel; Engie; Iberdrola; Exelon. The countries covered in the global electric power generation, transmission, and distribution market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global electric power generation, transmission, and distribution market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global electric power generation, transmission, and distribution market is segmented - 1) By Type: Electric Power Transmission, Control, And Distribution, Power Generation 2) By End-User: Residential, Commercial, Industrial 3) By Type of Operator: Public Operator, Private Operator Subsegments Covered: Electric Power Distribution, Electric Bulk Power Transmission And Control, Hydro Electricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity

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.