Market Research Blogs In Energy & Power

Fuel cells are devices which convert the fuel’s chemical energy into electricity via a chemical reaction in the presence of an oxidizing agent. They can be of different types, but they all consist of an anode, cathode, as well as an electrolyte. They use hydrogen or other hydrocarbon fuels which are available in abundance, along with an oxidant (usually oxygen), to carry out an electrochemical reaction. This makes them one of the fastest growing alternate backup power options. 

Activated carbon, also known as activated charcoal, is a porous form of carbon which is made by processing with oxygen. It is in a non-graphite carbon form which is produced from any carbonaceous material such as coconut shell, paddy husk, wood, lignite, coir pith, coal, etc.

Natural gas is one of the most rapidly growing forms of energy and has made its presence felt significantly in the global energy market. It has been rapidly catching up with crude oil as a fuel alternative because of its cleaner existence. Natural gas has been able to successfully penetrate the transportation and domestic application markets, thus helping it evolve as the primary global fuel. 

The advent of E-commerce platforms has brought significant changes in the entire MRO distribution network in the region. In comparison to the traditional procurement techniques using of E-commerce sourcing is projected to provide a cost saving of around 11 to 19% of the overall cost of procurement. As MRO sourcing differs from company to company and is depended on factors such as requirements of the number of stock keeping units, business procurement requirements, categories of products and buying frequencies. 

The demand for floating solar power plants is expected to witness significant growth owing to the rapid depletion of fossil fuel reserves which is used for electricity generation and other applications. According to BP, the fossil fuel reserves were over 1,000,000 tons in 1994 which went down to around 890,000 in 2014. 

Lead acid batteries are used in various applications including automobiles, uninterrupted power supply systems, telecommunication, electric bikes, transport vehicles, and marine. Growing demand for these applications in emerging countries including China, Mexico, India, Japan, South Korea, Brazil, and South Africa on account of rapid economic growth and increasing population is anticipated to stimulate industry growth.

Small wind turbines for residential, commercial and industrial scale use are widely available for installation in the market today. The blades of these turbines usually have a dimension between 5 feet and 11 feet in length and can generate 1 to 10kW of electricity when wind speeds are optimal. Some systems are extremely light weight, with specialised materials used to keep the load at a minimum. 

Growing awareness regarding the usage of renewables along with rising usage of the wind as a possible form of energy is driving the demand for turbines, which in turn, is expected to stimulate wind turbine casting market over the upcoming years. These turbines have various components out of which the primary casted parts include the rotor hubs, axle pins, and main carriers.