Power & Energy Trends

The U.A.E. is expected to witness a significant surge in the number of construction activities in the coming years, owing to which the requirement for facility management will increase considerably. Currently, the country has several infrastructure plans under the tender or bidding phase. For instance, Dubai currently has around 4,000 structures, worth $313.2 billion, under construction. Mega infrastructure projects, such as Royal Atlantis Resort and Residences (Palm Jumeirah), Dubai Metro Red Line extension (part of the Expo 2020 preparations), and expanded Container Terminal 4 (Jebel Ali Port), will require facility management services in abundance. Moreover, the expansion of the tourism sector will fuel the U.A.E. facility management market at a CAGR of 10.8% during 2021–2030. According to P&S Intelligence, the market size is expected to grow from $14,360.2 million in 2020 to $39,680.8 million by 2030 . During the upcoming Dubai Expo 2020 (rescheduled for 2021), the footfall of ...

With the expansion of the cosmetics industry, the demand for 1,3-butylene glycol is rising sharply across the world. This is because the compound is heavily used as a humectant in cosmetics, due to its ability to be used as viscosity-decreasing component. In addition to this, the compound fixes volatile compounds such as flavors and fragrances in cosmetic formulations, which, in turn, stabilizes them, assists in aroma retention, and prevents the spoilage of cosmetic formulations by microorganisms.  Furthermore, the compound has a high distribution coefficient, which leads to the higher efficacy of the preservatives mixed in the formulations. This allows the cosmetics producers to reduce the dosage of the applied preservatives. Besides this, the surging geriatric population, the huge investments being made in the cosmetics sector, and the soaring disposable income of people are also positively impacting the demand for 1,3-butylene glycol by pushing up the demand for beauty and perso...

Inefficient, outdated permanent power plants have become a prominent cause of environmental pollution. As a result, governments across the world are implementing strict rules to shut down outdated plants, to preserve the environment to a certain extent. Even though these plants are inactive, they need power on rent for the redevelopment process. Thus, the frequent shutting down and redevelopment of power plants and stringent environmental regulations will amplify the requirement for power on rent, globally. In recent years, emerging economies like China, Qatar, India, Thailand, South Korea, Turkey, and Brazil have witnessed a rapid surge in power demand. To meet it, these countries are focusing more and more on rental power. Additionally, owing to the continuous technological investments and high foreign investments in the construction industry, the demand for power rental systems will rise tremendously. This will, therefore, fuel the power rental market at a 10.3% CAGR during 2018–20...

As the signs of climate change become more and more prevalent with each passing year and the pollution levels soar all over the world due to the extensive usage of fossil fuels for power generation, the popularity of renewable energy sources grows rapidly across the world. Moreover, the increasing energy crisis in several countries and the mushrooming rate of toxic carbon emissions into the atmosphere are propelling the requirement for eco-friendly power production methods across the globe. In addition to the aforementioned factors, the increasing number of initiatives being launched by the governments of several countries for encouraging the adoption of solar energy is massively boosting the demand for solar panels or photovoltaic (PV) modules. This coupled with the growing requirement for sustainable power generation methods is causing a sharp surge in the demand for solar panel recycling across the world. The deterioration of solar panels results in huge waste generation.  As t...

The generator set market is witnessing growth as a result of the increasing number of data centers and low production of power and widespread grid uncertainties around the world. As a result, the revenue garnered by generator manufacturers is expected to increase from $17,592.6 million in 2019 to $27,863.0 million by 2030 , at a 5.8% CAGR during the forecast period (2020–2030). A genset is a combination of an internal combustion engine (ICE), alternator, and numerous accessories and controls. Commercial, residential, and industrial are the divisions of the market when it is segmented on the basis of application. During the historical period (2014–2019), commercial was the largest division, on account of the increasing investments in the development of infrastructure, rapid construction of smart cities, and rising number of shopping complexes. As a result of the increasing consumer spending, the retail sector is growing, which is leading to the construction of shopping centers. Therefor...

Due to the rapid digitization around the world, the usage of intelligent personal assistants, autonomous cars, the internet of things (IoT), digital currencies, and cloud computing is rising. This factor will take the global diesel generator set market from $13,773.0 million in 2019 to $21,929.9 million in 2030, at a 6.0% CAGR between 2020 and 2030. During the COVID-19 crisis, the advance of the diesel genset market has been hampered on account of the lockdowns initiated in all parts of the world. Such measures have resulted in the closing down of numerous factories and commercial areas, which has reduced the demand for generators. Additionally, construction has also been stopped at most places, thereby further leading to a low demand for such power generation equipment. The highest CAGR in the diesel genset market in the near future, of 6.3%, in terms of value, will be witnessed by the 7–14 kilovolt-Ampere (kVA) category, based on power rating. As diesel generators of this power rati...

With the continuous population growth and its migration to cities, manufacturing output is growing around the world. Considering how diverse the things made in factories are, the raw materials used to create them are equally diverse. One of the key raw materials used across industries is several types of gases, such as oxygen, hydrogen, nitrogen, carbon dioxide, acetylene, argon, and helium, either as ingredients in the intermediate or final products or to support various manufacturing processes. Thus, with the growing manufacturing output, the industrial gases market revenue is set to reach $154,079.5 million by 2030 from $92,392.4 million in 2019, at a 5.5% CAGR during 2020–2030 (forecast period). Thus, seeing the widening scope for themselves, market players are entering into mergers and acquisitions to expand their portfolio, geographical reach, technical knowledge, and customer pool. For instance, in October 2018, Praxair Inc. and Linde AG merged to cumulatively increase their re...