Energy Storage Systems Market to Receive Overwhelming Hike in Revenues By 2030

A focused analysis of the use of these technologies for applications such as grid storage and transportation explains the current and future scenario of the energy storage systems market. The report for the energy storage systems market exclusively focuses on current energy storage systems market trends and future growth opportunities for commercially available technologies for energy storage systems such as pumped hydro storage, compressed air, sodium-sulfur, lithium-ion, lead acid, and others.

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The energy storage systems market size was valued at $188.5 billion in 2020 and is projected to reach $435.4 billion by 2030, growing at a CAGR of 8.3% from 2021 to 2030. Energy storage systems include major technologies employed to store various forms of energy. Increased focus on the production of renewable energy globally fuels the market for energy storage systems. Major regions such as Asia-Pacific and North America develop strategies to install energy storage systems that can efficiently store various forms of energy. Furthermore, massive investments are being made by local governing bodies to encourage energy storage worldwide, thus contributing toward the growth of the overall market. Moreover, the adoption of storage systems in the residential sector is expected to propel market growth.

The report further focuses on various end users of the energy storage systems, which include residential, non-residential, and utilities. Moreover, the report analyzes the current market trends of energy storage systems in different regions and suggests future growth opportunities by analyzing government regulations & policies, thereby further increasing consumer acceptance in that region. The figures provided in this report are based on the demand or consumption quantity across types of technology, application, and end-users at the country level. The market value and volumes are further derived by performing the bottom-up approach and considering the price trends.

Depending on the technology, the pumped hydro storage segment garnered the highest energy storage systems market share of about 95.8% in 2020 and is expected to maintain its dominance during the energy storage systems market forecast period. This is attributed to the rising demand for pumped hydro storage power generation across the globe. In addition, government initiatives toward renewable energy generation are expected to drive the growth of the market during the analyzed time frame. Moreover, the surge in power consumption across the globe is projected to fuel the energy storage systems market growth in the coming years.

On the basis of end users, the utility segment acquired the largest share in 2020 and is expected to maintain its dominance during the forecast period. This is attributed to the increase in investment toward the building of utility-scale power plants. In addition, an increase in construction projects such as decentralized renewable power plants, rural electrification projects, and commercial buildings drive the growth of the market for the utility segment across the globe.

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On the basis of application, the stationary segment held the largest share in 2020 and is expected to maintain its dominance during the forecast period. This growth is attributed to the rapid expansion of heavy industries & projects such as dams, power plants, power grids, refineries, and mills. In addition, the rise in the number of hydropower projects across the globe acts as the key driving force of the stationary energy storage systems market.

Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered the dominant share in 2020 and is anticipated to maintain this trend during the forecast period. This is attributed to numerous factors such as the presence of a huge consumer base, the rapid expansion of the renewable energy sector, the rise in investment towards energy storage systems, and the existence of key players in the region. Moreover, presence of the countries such as China, Japan, India, Australia, and South Korea is anticipated to contribute toward the growth of the market in Asia-Pacific.

The global energy storage systems market analysis covers in-depth information on the major energy storage systems industry participants. The key players operating and profiled in the report include ABB, Ltd., BYD Company Limited, Delta Electronics, Inc., Electrovaya, EOS Energy Enterprises, General Electric, Langley Holdings Plc, Saft, Samsung SDI Co., Ltd., and the AES Corporation.

Other players operating in the energy storage systems market are Enerdel, Exergonix, Johnson Controls, East Penn Manufacturing Company, Langley Holdings Plc., and Kokam.

COVID-19’s impact on the market

The lockdown imposed due to the outbreak of the COVID-19 pandemic resulted in a temporary ban on import & export and manufacturing & processing activities across various industries and electrical utilities, which decreased the demand for energy storage systems from these consumers. In addition, halt in the building & construction of new electric utility infrastructures, renewable power plants, grid networks, and other power plants, owing to the unavailability of workers and an increase in demand–the supply gap is projected to hamper the market growth during the pandemic period. This resulted in a decline in market growth in the second, third, and fourth quarters of 2020. However, the energy storage systems market is expected to recover by the first quarter of 2021, as COVID-19 vaccination has begun in various economies across the globe, which is expected to improve the global economy.

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Key Findings Of The Study

• In 2020, the pumped hydro storage segment accounted for about 95.8% of the share in the global market and is expected to maintain its dominance till the end of the forecast period.
• In 2020, the battery energy storage systems segment garnered a 3.2% market share and is anticipated to grow at a rate of 20.1% in terms of revenue.
• In 2020, the utility segment exhibited a market share of 89.7% and is anticipated to grow at a rate of 8.3% in terms of revenue.
• Transport is the rapidly growing application segment in the global energy storage systems market, and is expected to grow at a CAGR of 9.2% during 2021–2030.
• In 2020, Asia-Pacific dominated the global energy storage systems market with more than 44.7% of the share, in terms of revenue, and is expected to grow at the fastest rate, registering a CAGR of 8.5% throughout the forecast period.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
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Well Testing Services Market to Witness Robust Expansion throughout the Forecast Period 2021 – 2031

Well testing services is a process involved in data acquisition to increase the understanding of reservoir conditions and fluid properties. With the increase in energy demand, there has been a surge in the exploration and production of oil & gas activities. The need for new oil wells to be economically viable and profitable for the oil & gas companies to explore and produce, hence there is a huge demand for well testing services that can help in the exploration and development of oil wells.

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Growing population and industrial development are fueling the global demand for energy. Global fuel consumption is gradually rising with rapid industrialization in developing countries across the world. According to BP statistical review of 2019, oil consumption surged by 1.4 million barrels per day, while natural gas consumption increased by 195 billion cubic meters per day. The rise in the demand for fossil fuels has led to a surge in the production of fuel from the top oil production companies. The increase in demand has led to an increase in the exploration of oil wells which are remote and deeper offshore areas. The above-mentioned factors resulted in the demand for well testing is high in deep water exploration and production activities.

The price of crude oil is affected by various factors which could possibly disrupt the supply of oil and gas. The presence of geopolitical tensions is some of the key factors that hamper the demand for oil & gas. The above-mentioned factors could lead to higher volatility in the prices of oil and gas. Most of the oil & gas resources come from North Africa and the Middle East region which is a highly unstable region due to political and cultural issues. The outbreak of the pandemic also has a great impact on the prices of crude oil due to the shutdown of various industries and regional lockdown which have a great impact on the transportation sector. The above-mentioned reasons are major factors that will hamper the development of the well-testing services market growth.

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The global well testing services market forecast is segmented on the basis of service type, well type, application and region.

On the basis of service type, it is segmented into downhole well testing, surface well testing, reservoir sampling, real-time well testing, and hydraulic fracturing method testing. On the basis of well type, the market is segmented into horizontal wells and vertical wells. In addition, on the basis of application, the global well testing services market is segmented into onshore and offshore.

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest well testing services market share of the market, followed by Asia-Pacific and Europe.

The major companies profiled in this report include Weatherford, Baker Hughes Company, Schlumberger, Halliburton, China Oilfield Services Limited, Oil States International Inc., Tetra Technologies Inc., SGS SA, Edge Drilling, Oilserv, National Energy Services Reunited, Wellmax, TechnipFMC, EXALO Drilling SA, and Greene's Energy Group. The rapid development of industrialization and urbanization has led to the depletion of natural resources which led to the exploration of oil & gas resources, increase in the investment of the market players to develop more efficient technology for detection has a positive impact on the well-testing services market opportunities. Additional growth strategies such as the expansion of production capacities, acquisition, partnership and research & innovation in the detection and drilling technologies to improve the efficiency of the production of fossil fuels in the oil & gas industry have led to attaining key developments in the global well testing services market trends.

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Key findings of the study

- North America would exhibit a CAGR of 5.5% during 2022-2031.
- As per global well testing services market analysis, by service type, the real-time well testing segment accounted for the largest share in 2021.
- By well type, horizontal well was the leading segment in 2021.
- By application, the onshore segment has the largest market share in 2021.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+1 503-894-6022

Frequency Converter Market in North America Register Substantial Expansion in Next 10 Years | AMR Study

Frequency converters are electronic devices used in various applications including generation, transmission, distribution, and use of electrical energy. They can control frequency, power, and voltage and improve the efficiency of the equipment or machines such as motors, pumps, fans, and others. They offer advantages such as reduction in maintenance cost, increase in the lifetime of machines, improved processes, enable utilization of equipment imported from other countries, and others. They are used in various end-use industries including aerospace & defense, power & energy, oil & gas, marine, and others. A notable development of end-use industries in textile, paints, coatings, etc surged the demand for frequency converters to operate the industries at variable frequencies which are expected to derive the growth of the frequency converter market during the forecast period.

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Significant development of the end-use industries such as textile, automotive, paint & coatings, solar, pharmaceutical, chemicals, and healthcare, has fueled the demand for frequency converters to operate the machinery & equipment in industries at variable frequencies from the above-mentioned industries and is thereby expected to drive the growth of the frequency converter market during the forecast period. In addition, an increase in demand for frequency converters from developing economies such as India, China, and Japan, owing to the presence of manufacturing facilities in the region fuels the growth of the market, globally. However, fluctuations in the cost of raw materials & components and different electricity standards in different countries are the key factors that are expected to hamper the growth of the global frequency converter market in the upcoming years.

Depending on the type, the rotary frequency converter segment held the highest market share of about 68.4% in 2021 and is expected to maintain its dominance during the frequency converter market forecast period. This is attributed to the rising in demand for rotary frequency converters from applications including aerospace & defense, weapon systems, manufacturing facilities, rail & hydro facilities and.

In addition, the rise in the adoption of rotary frequency converters in large applications with a power rating of 10 kVA or more is further anticipated to boost the demand for rotary frequency converters in the coming years.

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On the basis of end users, the aerospace & defense segment held the largest share in 2021, in terms of revenue, and is expected to maintain its dominance during the forecast period. This is attributed to the rapid growth of the aerospace & defense industry across the globe for national security. In addition, frequency converters are increasingly used in applications including aviation and weapon systems, signal systems, and others, which is expected to fuel the growth of the market during the forecast period.

On the basis of region, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered the dominant share in 2021 and is anticipated to maintain this dominance in the frequency converter market trend during the forecast period. This is attributed to the presence of key players and a huge consumer base in the region. In addition, the rapid expansion of the renewable energy sector, rise in investment toward building & construction of modern grid infrastructure, and increase in R&D efforts in the region are further anticipated to fuel the growth of the market in the upcoming years.

The global frequency converter market analysis covers in-depth information about the major frequency converter industry participants. The key players operating and profiled in the report include ABB, Ltd., Avionic Instruments, LLC, Danfoss A/S, Generator Corporation, General Electric, KGS Electronics, NR Electric Co., Ltd, Power Systems & Controls, Inc., Siemens, and Langley Holdings Plc.

Other players operating in the value chain of the global frequency converter market are Bosch Rexroth, Wacker Neuson, Piller Group GmbH, ENAG, and others.

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Key findings:

• In 2021, the rotary frequency converter type segment accounted for about 68.4% of the share in the global frequency converter market and is expected to maintain its dominance till the end of the forecast period.
• Rotary frequency converter end-user segment is expected to grow at the fastest rate, registering a CAGR of 6.1%, throughout the forecast period.
• In 2021, the aerospace & defense end-user segment accounted for 30.7% frequency converter market share in the year 2021 and is anticipated to grow at a rate of 6.7% in terms of revenue, while increasing its share in the global frequency converter market.
• In 2020, the Asia-Pacific region dominated the global frequency converter market with more than 39.6% share, in terms of revenue.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
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Diaphragm Gas Market | Rising Investments from Numerous Investor Firms to Add Value to Growth Trajectory

The Diaphragm Gas Meter market study provides a detailed analysis pertaining to the global market size & forecast, segmental splits, regional & country-level outlook, market dynamics & trends, Porter’s five force analysis, value chain analysis, competitive landscape, market share analysis, and patent analysis. The global Diaphragm Gas Meter market study depicts the current key trends, market analysis, competitors’ strategy, and impending market & technology forecast. Moreover, the study also embodies the revenue size, market extent, and growth prospects of the global Diaphragm Gas Meter market in terms of value and major trends at the regional level.

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Segmental Outlook of the Market

The global Diaphragm Gas Meter market is classified on the basis of type, application, end-user, and region. Based on geography, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Spain, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The segmental study is provided (real-time and forecast) in both quantitative and qualitative facets. This aids the clients in identifying the most productive segment to keep on with investments, along with short-term acknowledgment of the operating enterprises and their key developmental undertakings.

The major players operating in the global Diaphragm Gas Meter market are examined to comprehend their competitive strength and position in the sector along with different data points, which take in the brief company overview, key officials of the company, current financials of the venture, major growth strategies incorporated by the respective enterprise, and new approaches or tactics undertaken by the firm to sustain and perk up their stand in the global Diaphragm Gas Meter market.

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Product Type:

• Conventional
• Smart

End Use:

• Residential
• Commercial
• Industrial

By Region:

• North America  (UNITED STATES, CANADA, MEXICO)
• Europe  (FRANCE, GERMANY, ITALY, SPAIN, UNITED KINGDOM, Rest of Europe)
• Southeast Asia  (INDIA, INDONESIA, MALAYSIA, SINGAPORE, THAILAND, VIET NAM, PHILIPPINES, Rest of Southeast Asia)
• LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of Lama)

Key Market Players:

Secure Meters, General Electric, Aichi Tokei Denki Co., Ltd., Jabil, ABB Ltd, ACLARA, Badger Meter Inc., Diehl Metering, Itron, Inc., LANDIS+GYR

Covid-19 impact analysis:

The outbreak of COVID-19 affected the global economy severely and the Diaphragm Gas Meter market was also not an exception in this regard. The report includes the COVID-19 impact on the market along with the current stratagems, dynamic slants, lines, and tactics espoused by the major players in the sector.  It would further add up value to our clients by offering much-needed insights into the global spectrum of the market.  Apart from showcasing the impact instigated on the market share and size throughout the pandemic, especially during the initial phase, it also focuses on the key strategies implemented by the frontrunners during this crisis. Simultaneously, with the rollout of mass vaccination programs across the world, the market is expected to revive soon and the report also offers the post-COVID-19 impact on the global Diaphragm Gas Meter market.

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The Report Encompasses the Below Key Points-

• The segment that garners the major share in terms of revenue
• The industry players and the approaches adopted by them
• New tactics embraced by the players to carry through this pandemic
• Explicit analysis of the value chain

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll-Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

Boost in Technology Driving the Solar Energy Storage Market Globally

 Increasing demand for sustainable energy storage solutions is the major factor driving the market growth. As governments across the globe are promoting sustainable energy sources, the demand for the solar battery is expected to increase over the projected timeframe

Solar energy is stored in a battery by pumping solar energy into the battery to initiate a chemical reaction among the component of the battery and discharge the power as per requirement. It is made of lithium-ion or lead acid. It is rechargeable and can be generally used in solar cell systems to store excess energy. Some of the major installations of solar battery include solar charging stations, storage for power plants, and storage system for off-grids.

According to a new report published by Allied Market Research, titled, “Solar Energy Storage Market," The solar energy storage market size was valued at $9.8 billion in 2021, and is estimated to reach $20.9 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031.

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However, the installments of solar energy storage systems in remote locations are difficult as they are difficult to reach. The remote locations usually include islands and off-grid remote locations, which face various challenges owing to variable generation and supply of power from renewable energy sources. Challenges may include natural calamity, temperature variation, and others. This may be anticipated to hinder the solar energy storage market growth

The rise in population, increase in disposable income, and growing residential activities have surged the demand for solar energy storage. The installation of the solar battery can effectively reduce the demand for coal, oil, and other imported fossil energy resources. Additionally, the implementation of solar battery storage systems will provide new employments, which can open new investment opportunities in the economy.

The Solar energy storage market analysis is segmented on the basis of type, installations, and region. By type, the market is segregated into lead-acid, lithium-ion, flow battery, and others. The lithium-ion type segment dominated the global market, in terms of revenue in 2021, with 44% of the total share. This is attributed to the fact that rise in industrialization, urbanization, and growing consumer demand for various electric-based devices, vehicles, and the growing prominence of sustainable energy solutions.

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By installation, the market is fragmented into on-grid and off-grid. On-grid installation segment dominated the global market, with 62% of the total share in 2021. This is attributed to the rise in urbanization, advancement in technology in the field of solar energy storage, and increase in the number of installments of the on-grid solar energy system in both developed and developing economies such as the U.S., China, and India.

Region-wise, the solar energy storage market forecast is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific solar energy storage market size is projected to grow at the highest CAGR during the forecast period, and accounted for 35% of the solar energy market share in 2021, owing to a rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero-emission norms has increased the demand for solar energy storage batteries, thus, several manufacturers have put more emphasis on increasing the production capacities for solar energy storage batteries in the region.

Key players operating in the global solar energy storage market ADARA POWER,BASF SE, BMW, ENERSYS, Evonik Industries AG, KOKAM, Leclanché SA, LG CHEM, LG Electronics, MAXWELL TECHNOLOGIES, Owens Corning, PPG Industries, Inc., PRIMUS POWER, SAMSUNG, Siemen AG, Sumitomo Chemical Co., Ltd, and THE LUBRIZOL CORPORATION.

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Key findings of the study

- In terms of type, the lithium-ion segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of % from 2022 to 2031.
- In terms of installation, the on-grid segment is anticipated to register the highest CAGR of 8.2% during the forecast period.
- By region, Europe garnered the highest share of 35% in 2021, in terms of revenue, growing at a CAGR of 8.6%.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+1 503-894-6022

 

Industrial Gases Market Research Report for Complete Analysis of Current Scenario

The coronavirus pandemic has weakened all the businesses in the industrial gases market; manufacturers are creating potential opportunities, owing to increasing applications of industrial gases in various end-use industries across the globe. Increasing demand for oxygen, nitrogen, carbon dioxide, hydrogen, and argon in different end-use industries, such as consumer electronics, semiconductors, food & beverages, healthcare, mining, and others is generating revenue streams for manufacturers in the industrial gases market. Countries such as India and China are expected to witness rapid growth due to industrialization and urbanization.

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Industrial gases mainly consist of carbon dioxide, hydrogen, nitrogen, oxygen, and noble gases (helium, neon, argon, krypton, xenon and radon). The atmospheric gases like oxygen, nitrogen, and argon are captured by reducing the temperature of the air until the respective components get liquefied and separated. New developments are taking place in healthcare with increasing emphasis on a healthier and generally better quality of life. In addition to oxygen, nitrous oxide, nitric oxides, and other industrial gases like hydrogen, helium, and xenon are all being prepared for use in pharmaceutical-based products. Treatments and drug developments using induced pluripotent stem cells (IPS) are bringing a new added value to the industry through the application of systems, using gases such as carbon dioxide and liquid nitrogen, which is indispensable for the cultivation and preservation of cells and tissues driving demand for high-grade industrial gases.

The increase in demand for power and increasing consumption of energy in the past decade have led to the development of new technologies, such as nuclear fusion, hydrogen fuel cell, and green ammonia, which has a positive impact on the demand for industrial gases.

The rapid development towards highly stable and small-scale nuclear fission reactors is expected to drive the demand for noble gases, which are used in nuclear reactors. The huge investment of major countries across the globe and the vision to ignite nuclear fusion technology by 2050 and the application of noble gas as a fuel and as a raw material to manufacture laser ignition systems drive the growth of the market.

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Furthermore, an increase in the investment of developing and developed countries in hydrogen fuel cell technologies, and engines to harvest energy are expected to have a positive impact on the market. An increase in demand for power in the future and rapid innovation and breakthroughs in the core technologies for nuclear fusion reactors will provide lucrative opportunities for the industrial gases market growth.

The industrial gases market forecast is segmented on the basis of type, end-use, and region. On the basis of type, the market is segmented into oxygen, carbon dioxide, nitrogen, hydrogen, noble gas, and others. In addition, on the basis of end-use, the industrial gases market is segmented into healthcare, electronics, aerospace, construction, energy & power, and others.

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest industrial gas market share, followed by North America and Europe.

The major companies profiled in this report include Southern Gas Ltd., Universal Industrial Gases, Inc., Gulf Cryo, International Industrial Gases Limited, Goyal MG gases pvt. ltd., Ellenbarrie industrial Gases, Praxair Technology, Inc., Linde plc, MVS Engineering Pvt. Ltd., National Gases Ltd., Air Liquide S.A., Air Products & Chemicals, Messer Group, Taiyo Nippon Sanso, and BASF. The growth strategies such as acquisition, partnership, product launch, and business expansion are adopted to attain key developments in the industrial gases market trends.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
+ +1 503-894-6022