Smart Grid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

Smart Grid Market

According to a new market report published by Transparency Market Research "Smart Grid (Advanced Metering Infrastructure, Distribution Automation, Software and Hardware, Communication Technologies, Transmission Upgrades, Cyber Security) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," global smart grid market was valued at USD 37.7 million in 2012 and is expected to reach 118.1 million in 2019, growing at a CAGR of 18.2% from 2013 to 2019.

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Unbalanced nature of demand of power supplemented by increasing transmission and distribution losses coupled with policy and regulation for smart grid are expected to bolster the demand for the global smart grid market. Additionally, increasing need of reliable, secure, and quality of power supply and the increased efficiency achieved through the grid optimization is anticipated to augment the demand for the global smart grid market. Lack of interoperability and open standards can hamper the growth in the market. However, emerging option of prepayment of electricity with the deployment of advanced metering infrastructure is expected to offset the growth restraints, and further boost the growth in the global smart grid market.

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Key technology analyzed in this market study includes: advanced metering infrastructure, distribution automation, software and hardware, communication technologies, transmission upgrades, and cyber security. Transmission upgrades is held a majority of the global market share followed by the distribution automation, and advanced metering infrastructure technologies in 2012. Demand for an efficient, reliable, and secure interstate transmission and distribution network that can integrate renewable sources of energy, presently stranded worldwide, is expected to bolster the demand for transmission upgrades. However, with the market for transmission upgrades is expected to mature in the future. With the electrical transmission and distribution infrastructure upgrades, the utilities are expected to successfully integrate renewable sources of energy as well as the other smart grid technologies. The global market for smart grid technology is likely to grow at a CAGR of 18.2% between 2013 and 2019.

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Asia Pacific is expected to dominate the global market for smart grid in 2012, accounting for more than 45% of the global market share. Increasing investment coupled with the rising demand for smart grid technologies, and higher transmission and distribution losses attributed to the adoption of smart grid in the region. Asia Pacific is expected to capture additional market share by 2019; however, the regional rankings in terms of market share are likely to remain same over the forecast period. Key players in the market include Sensus, Silver Spring Networks, Siemens, Landis+Gyr, Schneider Electric, Itron, Aclara, Alstom among others. The research analyzes and estimates the market of smart gird in the global scenario, providing detailed trend analysis of the market by technology and geography, and as well the comprehensive analysis of the companies that are dealing in the global smart grid market.

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Global Biofuels Market is Expected to Reach 50,921.4 Million Gallons by 2019: Transparency Market Research

According to a new market report published by Transparency Market Research "Biofuels Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019," biofuels production was 24,326.7 million gallons in 2012 and is expected to reach 50,921.4 million gallons by 2019, growing at a CAGR of 9.6% from 2013 to 2019.

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Biofuels is a class of fuels whose energy is derived biologically from carbon fixation. They are derived from various conversion procedures from solid biomass, liquid fuels and various gases. Liquid produced from various oil-rich crops and are grown in many regions across the globe. With the growing demand for energy across the globe, the biofuels market is witnessing large amounts of investments to ensure a permanent source of clean energy. There has been a tremendous increase in the demand for biofuels since they are naturally derived and can replace non-renewable resources.

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The global market for biofuels is experiencing a steady growth over the last few years due to the rise in population and due to the increased awareness amongst the population. One of the major factors propelling the growth of biofuels is that they are derived from biological processes and are eco-friendly in nature. Liquid biofuels can be manufactured from any oil-rich crop like sunflower, oil palm and soy which can be grown in all the regions around the world. Liquid biofuels can also be obtained from fish, oil or poultry products which are the byproducts of the food industry, which also helps in eliminating waste products.

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Geographically, North America has the largest market share due to the increased awareness amongst the population and stringent environmental regulatory policies. Europe is also experiencing steady growth. Developing economies like China, India, and Russia are also experiencing steady growth and it is expected to increase substantially for the next six years. Liquid not only used in transport, but are also used in commercial heating processes. They can significantly help in reducing carbon emissions and can be a key renewable energy source. With new environmental regulations, stringent government policies, and depleting natural resources, the demand for biofuels is likely to increase.

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Liquefied Natural Gas Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

Transparency Market Research has released a new market report titled "Liquefied Natural Gas Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019." The report analyzes and forecasts the liquefied natural gas market in terms of volume and revenue. According to the report, the liquefied natural gas market was valued at USD 161.4 million in 2012 and is expected to reach USD 196.4 million by 2019, expanding at a CAGR of 2.8% between 2013 and 2019.

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Key end-user segments analyzed in the study include industrial sector, electric power and other segments such as transportation and commercial. In terms of volume, industrial sector was the largest segment, accounting for around 43.0% of the total market share in 2012. Industries such as fertilizers and petrochemicals are major consumers of LNG as large share of LNG is consumed by these sectors. Electric power sector accounted for a moderate share of the total LNG market, followed by other sectors such as transportation and commercial.

Asia Pacific dominated the global market for liquefied natural gas in 2012. The region constituted the highest percentage of the global LNG market in terms of volume. Asia Pacific is the leading market in terms of demand for LNG as compared to other regions such as Europe and RoW.

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This is mainly ascribed to high demand from Japan, South Korea, China and India. Asia Pacific is anticipated to exhibit the highest growth rate during the forecast period, led by developing economies such as India and China. Countries such as South Korea and Japan rely on LNG to cater to domestic needs. Europe and RoW accounted for substantial shares of the total LNG market in 2012. Import of LNG is anticipated to decline due to increase in renewable energy, which acts as a substitute for natural gas for power generation. The global liquefied natural gas market has witnessed significant growth over the last few years.

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Companies such as Apache Corporation, BG Group Plc, Cheniere Energy Inc, ConocoPhillips, Dominion Resources Inc, Kinder Morgan Inc, Qatar Petroleum, Sempra Energy, Veresen Inc and Woodside Petroleum Ltd are expected to dominate the liquefied natural gas market in the next few years.

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