Power & Energy Trends

Factors such as the rising concerns regarding waterborne diseases, surging desalination activities, and stringent government regulations regarding water treatment are expected to drive the water treatment chemicals market at a CAGR of 5.2% during the forecast period (2020–2030). The market was valued at $48,938.1 million in 2019, and it is projected to reach $85,341.8 million by 2030. Currently, the development of advanced chemical-based water treatment technologies has become a key trend in this market.  Moreover, the toughening government regulations regarding water treatment in several countries will also support the water treatment chemicals market growth in the foreseeable future. High-volume discharge of toxic pollutants into freshwater reserves, owing to the rapid industrialization, has made the water unfit for consumption. Due to this reason, governments across the world are emphasizing on enhancing the water quality, by implementing stringent regulatory norms that restrict th

Waste heat is generated from the exhausts of fume incinerators, combustion engines, glass melting furnaces, and cooling water from furnaces and convective, conductive, and radiation heat losses from combustion engines and cement kilns. Waste heat is also generated from process off-gases. Heat losses in several industrial processes can be curtailed by using waste heat recovery systems. Such systems involve the capturing and reuse of waste heat for combustion air preheating, steam generation, load preheating, power generation, space heating, and waster preheating. According to P&S Intelligence, the waste heat recovery market will generate a revenue of $70.5 billion by 2022. Owing to the high prices of conventional energy sources such as oil, gas, and coal, such industries are focusing on the recovery of waste heat, as it will allow them to reduce their operating costs.  These end-use industries use waste recovery methods, such as waste heat wellsprings and waste recovery hardware, s

Despite being the most-abundant element on earth, hydrogen is close to being utilized to its complete potential. It has perhaps found the widest use as rocket fuel, along with liquid oxygen; its usage in other applications remains limited. The major reason behind this is the high cost associated with extracting the gas from the atmosphere or hydrogen-based compounds, storing it, and transporting it. One of the simplest ways of producing it is reacting steam and methane; while steam takes almost nothing to produce, methane is expensive. Similarly, the expenditure in H2 production via electrolysis is governed by electricity prices, which keep on increasing. However, seeing the negative environmental impact of burning crude oil, natural gas, and coal to produce electricity and power vehicles, the focus on cleaner fuels is rising. The efforts to clean the environmental have especially picked pace since the signing of the Paris Agreement in 2016, which has spawned extensive research and dev

The increasing deployment of hybrid electric vehicles (HEVs) and battery electric vehicles (BEVs) is driving the demand for lead-acid batteries across the world. The clean and energy-efficient transportation provided by these vehicles is fueling their worldwide popularity. Moreover, with the enactment of strict emission norms for conventional vehicles by the governments of several countries, many electric vehicle manufacturers such as Nissan Motor Corporation, Tesla Inc., and Ford Motor Company are launching new and technologically advanced electric vehicles. As lead-acid batteries are used as the primarily power source in these vehicles, the surging deployment of these vehicles is propelling their demand across the globe. Besides this, the mushrooming popularity of non-conventional energy sources is also creating lucrative growth opportunities for the players operating in the lead-acid battery market. All European Union (EU) member nations have implemented countrywide renewable energ

Every industry, including mining and quarrying, requires lubricants for the proper functioning of machines. A large number of drilling machines, conveyors, and other machines are employed at mines and quarries, which creates a high demand for lubricants. This is because such machines have moving parts and those that are in mutual contact with each other. Since friction restricts movement, creates heat, and wears the equipment down, lubrication is vital. Thus, with industry activities increasing, the lubricants market for mining and quarry applications will reach $2,610.0 million by 2023 from $1,890.0 million in 2016, at a 5% CAGR between 2017 and 2023. The lubricants utilized in such applications could have a biological, synthetic, or mineral oil base. Among these, mineral-oil-based lubricants are the most popular because they are the most widely known. In addition, with the high-volume mining of oil, such lubricants are available easily and cost-effectively. However, petrochemicals h

The surging demand for cement, specialty steel, and high-quality glass and the expansion of the global construction industry, due to the macroeconomic growth and rising industrialization rate in Eastern European and Asia-Pacific countries, is driving the worldwide demand for alumina. Russia, India, China, the U.S., and the U.K. are the biggest consumers of alumina across the world, on account of their high-volume manufacturing and consumption of steel. Moreover, the burgeoning requirement for chemical-grade alumina, owing to the emergence of various advanced technologies, is also contributing to the soaring demand for alumina . The use of chemical-driven alumina is primarily driven by the escalating demand for eco-friendly, energy-efficient, and technologically feasible products and the implementation of supportive government policies. For example, the U.S. and the European Union (EU) have enacted several policies aimed at augmenting the domestic production of liquid crystal displays (

A number of factors such as the surging pressure to reduce waste dumping, burgeoning demand for reprocessed items from end-use industries, and increasing installation of plastic recycling units in Europe and North America are expected to drive the plastic recycling market at a CAGR of 8.6% during the forecast years. The market was valued at $41,238.8 million in 2018 and it is projected to generate $64,139.7 million revenue by 2024. Moreover, the rising enactment of government legislations and initiatives to boost the adoption of recycled products will also steer the market growth in the coming years. Categories under the type segment of the plastic recycling market are polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), and others. Under this segment, the PE category accounted for the largest market share during the historical period (2014), due to the high-volume production of virgin PE, the significant recycling rate f