Combined Heat & Power Installation Market Worth $12.0 Billion By 2027

 November 2024 | Report Format: Electronic (PDF)

Combined Heat & Power Installation Market Growth & Trends

The global combined heat and power installation market size is expected to reach USD 12.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.1% over the forecast period. Modification in preferences towards replacing conventional sources of energy systems on account of uninterrupted power supply and operational cost is expected to drive the market. Growing energy demand from industrial applications, such as paper, pulp, chemical, cement, pharmaceuticals, refining, and sugar is also expected to have a positive impact on market growth. Rising demand for lighting and space heating applications in retail malls, offices, hospitals, and universities has also encouraged CHP installation for commercial applications.

Natural gas-based fuel systems dominated the market and accounted for over 65.0% of the total capacity in 2019. A recent decline in natural gas prices on account of the discovery of unconventional natural gas reserves is expected to drive this segment over the forecast period. Coal-based systems are expected to witness moderate growth rates with an estimated CAGR of 2.3% from 2020 to 2027. Government regulations to curb Greenhouse Gases (GHG) into the atmosphere are expected to drive CHP system installations in various sectors such as industrial, residential, commercial, and institutional sectors which include hospitals and schools. CHP systems require less fuel to generate the same energy as SHIP systems, and therefore, can reduce GHGs and air pollutants such as nitrogen oxides and sulfur dioxide to enter into the atmosphere.

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Combined Heat & Power Installation Market Report

Combined Heat & Power Installation Market Report Highlights

• The large-scale type segment share was valued at over USD 7.5 billion in 2019
• Asia Pacific is projected to grow at a substantial rate throughout the forecast period. Japan is expected to account for the maximum share in the Asia Pacific region
• Natural gas fuel type segment dominates the industry, accounting for 65.0% of total market volume in 2019
• In North America, the market is likely to display a moderate growth rate during the projected period

Combined Heat & Power Installation Market

Grand View Research has segmented the global combined heat & power installation market on the basis of type, technology, fuel, and region:

Combined Heat and Power Installation Type Outlook (Volume, GW; Revenue, USD Billion, 2016–2027)

• Large Scale
• Small Scale

Combined Heat and Power Installation Fuel Outlook (Volume, GW; Revenue, USD Billion, 2016–2027)

• Natural Gas
• Coal
• Biomass
• Others

Combined Heat and Power Installation Technology Outlook (Volume, GW; Revenue, USD Billion, 2016–2027)

• Combined Cycle
• Steam Turbine
• Combustion/Gas Turbine
• Reciprocating Engine
• Others

Combined Heat and Power Installation Regional Outlook (Volume, GW; Revenue, USD Billion, 2016–2027)

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Germany
• The U.K.
• France
• Russia
• Poland
• Spain
• Italy
• Netherlands
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Rest of World (RoW)

List of Key Players of Combined Heat & Power Installation Market

• E.ON SE
• Mitsubishi Hitachi Power Systems, Ltd.
• Siemens
• Centrica
• General Electric
• Bdr Thermea Group
• Aegis Energy Services Inc.
• Clarke Energy
• Cummins Inc.
• Capstone Turbine Corporation
• Caterpillar
• Elite Energy Systems, LLC
• Doosan Fuel Cell America, Inc.
• Tecogen Inc.
• Wartsila

Colored Polyurethane Foams Market To Reach $93.69 Billion By 2030

 November 2024 | Report Format: Electronic (PDF)

Colored Polyurethane Foams Market Growth & Trends

The global colored polyurethane foams market size is expected to reach USD 93.69 billion by 2030, registering a CAGR of 6.7% during the forecast period, according to a new report by Grand View Research, Inc. The market is expected to be driven by increasing developments in electronic appliances, automotive, footwear and packaging industries. Growing demand for high performance materials from automotive industry is expected to drive global colored PU foams market over the forecast period. Increasing construction spending in Asia Pacific is also expected to have a positive influence on the market growth. Volatile MDI/TDI prices are expected to challenge market profitability.

Flexible colored PU foams were the leading product segment and accounted for over 49.5% of total market volume in 2023. They are widely used for cushioning applications mainly in furniture & interiors and packaging industries. Rigid PU foams are expected to witness significant growth during the forecast period. Growing demand for insulation products across automotive and construction industries is expected to drive this segment over the forecast period.

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Colored Polyurethane Foams Market Report

Colored Polyurethane Foams Market Report Highlights

• The furniture indstry was the leading application segment with demand share exceeding 33.2% in 2023. This growth can be credited to the rising demand for customization.
• The pigment paste colorants have emerged as the fastest-growing segment, with 6.8% during the forecast period. The rising consumer inclination towards customization in furniture, automotive, and textiles has primarily driven the market.
• Asia Pacific was the leading regional market with demand share estimated at 48.9% in 2023. Growth can be attributed to the region’s emerging economies, including China and India, which expanded construction activities.
• Global industry is highly fragmented in nature. Small and medium sized industry participants leading the market. The market is expected to attract huge number of companies owing to introduction of bio-based raw materials.

Colored Polyurethane Foams Market Segmentation

Grand View Research has segmented the global colored polyurethane foams market based on type, colorant, application, and region:

Colored Polyurethane Foams Type Outlook (Revenue, USD Million; Volume, Kilotons, 2018–2030)

• Flexible Colored PU Foam
• Rigid Colored PU Foam
• Colored Spray PU Foam

Colored Polyurethane Foams Colorant Outlook (Revenue, USD Million; Volume, Kilotons, 2018–2030)

• Pigment Paste
• Liquid Color
• Others

Colored Polyurethane Foams Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018–2030)

• Furniture and Interiors
• Construction
• Electronic Appliances
• Automotive
• Footwear
• Packaging
• Others

Colored Polyurethane Foams Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018–2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Sweden
• Norway
• Denmark
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Vietnam
• Latin America
• Brazil
• Argentina
• Middle East and Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Kuwait

List of Key Players in the Colored Polyurethane Foams Market

• BASF SE
• The Dow Chemical Company
• Huntsman Corporation
• Recticel S.A.
• Saint-Gobain
• Covestro AG
• Wanhua Chemical Group Co., Ltd.
• Rogers Corporation
• Bayer MaterialScience AG
• Carpenter Company
• Everlight Chemical Industrial Corp

Coiled Tubing Manufacturing Market Size Worth $1.5 Billion By 2027

 November 2024 | Report Format: Electronic (PDF)

Coiled Tubing Manufacturing Market Growth & Trends

The global coiled tubing manufacturing market size is estimated to reach USD 1.5 billion by 2027 registering a CAGR of 2.9%, according to a new report by Grand View Research, Inc. Increasing popularity of shale reserves in the production of crude oil is projected to augment market growth over the forecast period. The global oil & gas industry remains volatile with high fluctuations in crude oil prices. Reduced crude oil prices coupled with depressed upstream investments in the current scenario are projected to impact the profitability of the market vendors.

This associated sluggishness can be attributed to the falling oil demand from key importers, such as India and China. The global crude prices have fallen almost 66% from their highs in January 2020. This has affected the level of activities in the upstream and midstream sectors of the industry. However, the expansion of the downstream and midstream activities estimated in the forecast period is projected to drive the market.

On the upstream side, low oil prices have had negative implications for oil-exporting countries. Key countries, such as the U.S., Saudi Arabia, and Russia, have already announced plans to reduce production in the wake of reducing crude oil prices. The market uncertainty has led to several cost-cutting measures and shutting down of projects. All these factors are projected to hinder the market growth over the forecast period.

The market participants are under severe distress as the downstream demand for the product is in a free fall. The depressed economic activities in the upstream side of the oil & gas industry are projected to cause severe damage to the revenues of oil & gas operators. This, in turn, is already influencing the procurement processes of many multinational oil & gas companies.

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Coiled Tubing Manufacturing Market Report

Coiled Tubing Manufacturing Market Report Highlights

• Well intervention is projected to witness the fastest CAGR of 2.3%, in terms of volume, from 2020 to 2027
• Higher usage of Coiled Tubing (CT) in stimulation and well cleaning operations across the European region is likely to aid the growth of the well intervention segment
• Drilling is projected to remain the dominant service segment over the forecast period, in terms of volume as well as revenue
• The usage of coiled tubing in the onshore applications is estimated to observe the fastest growth rate. The onshore application segment is also anticipated to capture the largest revenue share by 2027
• The offshore application segment is projected to observe a slower growth in the coming years as offshore CT is expensive owing to the detailed specifications and unique properties required on site
• Led by the U.S., North America is projected to be the dominant regional market over the forecast period

Coiled Tubing Manufacturing Market Segmentation

Grand View Research has segmented the global coiled tubing manufacturing market on the basis of service, application, and region:

Coiled Tubing Manufacturing Service Outlook (Volume, Units; Revenue, USD Million, 2016–2027)

• Well intervention
• Drilling
• Others

Coiled Tubing Manufacturing Application Outlook (Volume, Units; Revenue, USD Million, 2016–2027)

• Offshore
• Onshore

Coiled Tubing Manufacturing Regional Outlook (Volume, Units; Revenue, USD Million, 2016–2027)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Russia
• U.K.
• Asia Pacific
• China
• Australia
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia
• UAE
• Algeria

List of Key Players of Coiled Tubing Manufacturing Market

• Tenaris
• Forum Energy Technologies, Inc.
• National Oilwell Varco
• Sandvik AB
• HandyTube
• Trident Steel Corp.
• Gautam Tube Corp.
• Stewart & Stevenson
• John Lawrie Group
• T&H Lemont