Offshore wind farm development to augment HVDC cable solutions demand
Alternating current or AC systems have long been considered the global standard for transmission of electricity, in residential as well as industrial applications. However, over the past few years, HVDC (high-voltage direct current) cables have emerged as a key alternative to conventional AC transmission systems, given their ability to facilitate power transmission across vast distances with minimal losses.
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While HVAC cables do possess merits such as easier current interruption and simpler voltage transformation, they have certain limitations in longer transmission lines…
Offshore wind energy adoption remains a major focus among utilities
The rapidly declining fossil fuel levels have encouraged the use of renewable sources of energy across the globe. Wind energy market has emerged as one of the most prominent and integral verticals of the energy cosmos over time.
It has surfaced to become a lucrative space for investors, given the rising climate change crisis that has galvanized the demand for clean energy. In June 2021, the power grid operator of Poland- PSE S.A. confirmed plans to invest nearly USD 1.23 …
Natural gas-fired residential boilers to witness an increased demand in Europe
The changing focus of the European nations towards developing greener, energy-efficient heating solutions has supported the demand for advanced residential boiler technology across the region. Over the last few years, in line with the increasing concerns regarding emissions from boilers affecting the ecosystem, the European Commission has undertaken the decision to optimize the sustainability of residential boilers.
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According to a report by EU Commission, the use of energy-efficient water and space heaters may save nearly 600 TWh of energy each…
U.S. is a growing market for high voltage cables installation
Growing inclination towards renewable energy owing to the alarming rise in the carbon emission levels along with the need to achieve enhanced energy efficiency will steer high voltage cables market share in the coming years. U.S. Energy Information Administration reported that the total consumption of natural gas in the U.S. in 2019 was estimated at 31 trillion cubic feet. While nearly 539 million short tons of coal was consumed in the U.S. in the same year.
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The amount of carbon emitted…
Flourishing “Green Energy Projects” to boost ring main unit demand
Global ring main unit market share is likely to be amplified by the growing investment towards the development of infrastructure and power grid networks. As per the Council on Foreign Relations, the U.S. government proposed an infrastructure investment plan of US$2 trillion in March 2021. The investment includes hundreds of billions for the modernization of electrical grid and the upgradation of physical infrastructures such as railways, airports, water systems, and others across the nation.
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Steam turbine demand to increase across utility applications
The steam turbine market is witnessing significant growth owing to government initiatives to reduce carbon emissions and investment in thermal power projects. There has been an increasing adoption of low emission fuels such as natural gas, biomass, and others in power generation due to easy accessibility, low cost, and availability in abundance.
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The massive demand for electricity owing to rapid industrialization, infrastructural development, and digital transformation is driving the deployment of steam turbines that uses pressurized steam to produce electricity. …
With each day passing by, the need for electricity has been soaring to the next level, worldwide. In fact, according to the Stated Policies Scenario framed by IEA, the global electricity demand grows at 2.1% per year up to 2040. With such a spike in electricity demand and subsequent establishment of smart grid networks, the risks of current overload and short circuits have left the industry experts asking for a solution that can help cut down excess current and electricity flow in the circuit, ensuring a safe working environment. This is where circuit breaker plays a crucial role.
Expansion of the industrial, commercial, and utility sectors will significantly bolster the market for busbar trunking systems. The increasing number of activities across factories, universities, data centers, laboratories, retail facilities, hospitals, and technology settings has led to a consistent need for high-efficient power distribution networks. There is also a growing need for solutions that are cost-effective and environment-friendly.
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To cater to these requirements, busbar trunking systems are increasingly preferred over conventional cable distribution components due to their higher resistance and lower loss of energy. They are mainly systems that distribute electric…
The market for commercial boilers is expanding as the need for on-demand space heating across commercial buildings increases. From hospitals to offices, schools, and hotels, a whole range of buildings today rely on commercial boiler units.
These units are available in a variety of forms in terms of size, energy efficiency, and fuel type. In most commercial applications, boilers with high efficiency, minimal downtime, lower maintenance, and which consumers can rely on round the clock are in demand. Compact units which are generally used at construction sites may witness demand in retail outlets, sports halls, garages, and other settings.
The traction battery market is expected to witness significant growth owing to fast paced electrification in the transport sector. There is an increasing penetration of different kinds of electric vehicles such as electric cars, electric forklifts, e-bikes, e-scooters, e-motorcycles, and others. For instance, nearly 3 million electric cars were sold globally in 2020.
Traction battery or electric vehicle battery (EVB) is generally used to supply power to the electric motors of battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs). …
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