The global pad mounted switchgear market is expected to be valued at USD 6.5 billion over the forecast period and it is anticipated to grow at an approximate CAGR of over 9% over the forecast period of 2016 to 2024.
Growing energy demand across the globe is expected to drive the global coal fired generation market over the next five years. Coal fired generation process is cheaper than other sources owing to abundant availability and low price of coal. Reliable and inexpensive nature of coal is expected to cater the increasing electricity demand over the forecast period. Oil & gas reserves depletion is anticipated to boost the market in near future.
Energy harvesting market is in the nascent yet sophisticated technologies based on deep-rooted scientific theory. Energy harvesters, such as photovoltaic harvesters market, are a full-grown, well-established technology. However, few new harvesting technologies have been seen in the last 10 years. Energy harvesting offers a wide range of application.
The global quantum dot solar cell market size is expected to witness substantial growth over the forecast period due to surging demand for efficient and environment-friendly sources of energy. Growing demand for the product in the medical sector and solar cell harnessing devices is also expected to drive the market. Upswing in the demand for quantum dot solar cell (QDSC) over the past few years can be attributed to its increased efficiency and higher brightness.
Diesel gensets provides electrical power to industries and households throughout power deficiency and power-cuts and to thwart discontinuity in everyday business operations and activities.
When oil or coal is burned to generate energy, over 90% of the sulphur under normal temperature is converted into sulphur dioxide. Flue gas desulfurization is a process to remove sulphur dioxide from gas before it emits to atmosphere. This is done in thermal power plants during combustion of fossil fuels such as coal and oil. On the basis of desulfurization technique, flue gas desulfurization (FGD) can be segmented into wet sulphuric acid process, wet & spray dry scrubbing, dry sorbent injection system, and SNOX FGD.