Market Potential

By mid-century, wind could cover one third of global power needs and – combined with electrification – deliver a quarter of the energy-related carbon emission reductions needed to meet the Paris climate targets.

Growing demand for continuous power on account of unreliable supply of electricity will drive the global diesel gensets market growth.

The major factors behind the growth of electric vehicle sales are government support in the form of grants, subsidies, and tax rebates, increasing environmental consumer awareness, improving charging infrastructure and increasing vehicle range.

The demand for diesel fueled gensets is primarily driven by the growing requirement for standalone power and backup power in construction sites, industries, residential buildings, retail stores, office spaces, hospitals, and hotels, according to P&S Intelligence.

To deal with the growing concerns related to environmental degradation, the government has planned to roll out fleets of electric and hybrid buses, and has taken initiatives to encourage electric bus manufacturing within the country.

Advanced energy storage technologies can play an important role in renewable integration, energy access, electric mobility and the smart cities initiatives of the Indian government. - Debi Prasad Dash

P&S Intelligence Market Research report estimates that Indian diesel genset market to achieve USD 1,518 mn by 2024 due to high demand and adoption of medium and high horsepower diesel gensets across the country.

The growth of the human centric lighting market is driven by the high adoption of LED lighting solutions; initiatives toward establishing smart cities; and the rise in the demand for energy-efficient lighting solutions.

Study finds that in 2018, East Asia and Europe were attractive regions in the solar charge controller market, accounting for more than 49% of the global market share. - Nikhil Kaitwade

The major factors behind the growth of electric vehicle sales are government support in the form of grants, subsidies, and tax rebates, increasing environmental consumer awareness, improving charging infrastructure and increasing vehicle range.

The market growth is expected to be driven by high-volume demand for these gensets in manufacturing, construction, and commercial projects.

The market from residential application, is predicted to witness an annual installation of over 10 million units until 2025.

The demand for luxury EVs, increased EV sales, government regulations to curb emissions, and fast developing EV infrastructure are driving the overall demand of the wireless EV charging market.

According to Global Market Insights release, the transformer oil market has been gradually emerging as one of the most profitable niche verticals of the...

Indian power sector is poised to attract investments worth Rs 11,55,652 crore between 2017 and 2022. Let’s see what’s in store for power sector in 2019 and beyond. By Subhajit Roy, Group Editor

The tumbling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company Bloomberg New Energy Finance (BNEF).

With the increasing deployment of smart grid solutions in the smart cities, the smart grid market is expected to gain a major traction during the forecast period.

New report by the Energy Transitions Commission shows that reaching net-zero carbon emissions from heavy industry and heavy-duty transport can be done through ambitious policy, accelerated innovation, and investment, with minimal cost to the global economy.

The global market is set to witness a significant growth due to the continued growth of construction and developmental activities, increasing access to electricity, and growth of renewable power generation projects.