07 November 2019
Decentralized Energy Storage Market Report 2020-2030: Forecasts by Technology (Battery Energy, Thermal Energy, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry. The downtime created by energy outages is one of the main problems encountered by the businesses in the C&I industry. Even a tiny interruption in electricity supply in clinics and nursing facilities can jeopardize life. Power failure instances result in important failures for manufacturing firms as they lack the timelines for providing products to their clients. Power outages have resulted in the shutdown of several manufacturing facilities worldwide.
Delta Air Lines Inc. suffered a substantial drop owing to a power outage in December 2017. Such economic disasters and company downtimes create an urgent need for energy storage capital to solve power outage-related issues. This increasing need for replacement power is anticipated to fuel worldwide market growth in decentralized energy conservation at a CAGR of over 20% in projected period. Due to the decline in year-over-year development, however, the market momentum will decelerate in the coming years.
End-users use an energy storage system to hold energy during maximum power supply, rather than relying on the power grid. As they decrease the peak demand fees they charge, this results in enormous financial gains. Because of these advantages, competition for energy storage systems is anticipated to boost over the forecast period and thereafter fuel development in the worldwide decentralized scope of the energy storage industry.
Lead-acid batteries, which is one of the transport techniques for electrochemical energy, contain sulfuric acid that is thrown into landfills and contaminates groundwater resources and drinking water. Such unsuitable storage of the used lead-acid batteries leads many nations to implement stringent legislation on the manufacturing and storage of lead-acid batteries to decrease the danger of lead poisoning. For example, China lately closed down many lead-acid battery factories and implemented rigid battery manufacturing laws for lead-acid batteries. This is anticipated to adversely affect the development of the worldwide industry for decentralized energy transport.
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he decision of US shale oil and gas producers to limit their production for 2020 and the in an effort to stabilize the oil price and increase their revenue, as well as the OPEC discussions for further production cuts are expected to play a critical role in the market and restrain the land seismic acquisition activity.
06 December 2019
The demand of thermal enhanced oil recovery (EOR) market is expected to increase in the coming years owing to continuous work over oil fields, rapid depletion of fossil fuels, increasing long-term demand for oil are the prime factors propelling the demand of thermal enhanced oil recovery (EOR) market globally.
04 December 2019
In the forecast period, backed by new government policies on exploration and production and stability of global crude oil prices, the offshore oil and gas industry is expected to gain traction.
02 December 2019
The global shipping sector confronted IMO regulations in 2015 to significantly reduce vessel pollution of sulfur, first in North America and then in Northern Europe.