Biochar Market – Opportunity Assessment 2017 – 2025

Organic food is witnessing high demand over the last few years due to rising health concerns and lifestyle choices. The use of biochar for soil enhancement has its own benefits, such as increased carbon content, fertility, yield and nutrition to the crop. Biochar usage improves the overall productivity, and can be used as animal feed as well. Biochar is produced using contemporary processes of pyrolysis, and involves thermal decomposition of biowastes. Biochar may also be obtained through processes such as microwave pyrolysis and gasification.

A report published by Transparency Market Research forecasts that the global biochar market is predicted to showcase a tremendous growth during the forecast period 2017 to 2025. The industry is set to witness a multitude of opportunities on account of the rising demand for soil enhancement and its applications dependent on the same. Biochar prevents leeching of soil, maintains its moisture, and controls fertilizer runoff. It is known to provide protection to crops during draughts and floods. Utilization of biochar is expected to aid in sustaining the environment by reutilizing agriculture wastes and reducing air pollution. Recently, the UNK Summer Student Research Program funded an independent study by Joey Haag, to prove the utility of biochar for boosting the bacterial diversity of soil and productivity of the crop.

Q: What could be the pivotal driving forces of the worldwide biochar market?

A: With the changing lifestyle and rising awareness of the health advantages of fertilizer free products, the world is moving toward organic food products. This is anticipated to be one of the vital factors providing traction to the world biochar market. There has been a rising interest in soil enhancement owing to a number of reasons. The benefits of waste management, regulations regarding soil preservation, increasing environment sustainability concerns and growing investments in bio-fuels could prove to be substantial factors leading to market upswing.

The lack of awareness of consumers toward benefits of biochar usage over chemical fertilizers could be a key factor hampering the growth of the industry. Production of high quality biochar requires capital and thus, the market could still see some potential. However, the market is predicted to witness the realization of it complete potential over the forecast duration, and may overcome the minor restraints over the period.

Q: Which regions are expected to be leading market performers?

A: TMR classifies the international biochar market geographically into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia Pacific is prognosticated to be the fastest growing region, on account of emerging economies of India, China and Japan witnessing high demand of biofuels, and lower costs of biochar. North America is predicted to the dominant market share holder in terms of revenue, due to increased carbon sequestration and interest in soil amendment.

Some of the key players of the global biochar market are Pacific Biochar, Vega Biofuels, Inc., CharGrow LLC, Earth Systems Bioenergy, and Phoenix Energy.

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Gas Turbine Upgrades for Performance Enhancement Market – Positive Long-Term Growth Outlook 2025

The prominent players in the global gas turbine upgrades for performance enhancement market are projected to make most from the formation of tactical alliances with regional gas turbine upgrades for performance enhancement market players. Some of the key players in the global market include names such as General Electric, Siemens AG, Mee Industries Inc., Mitsubishi Heavy Industries Ltd., and Stellar Energy among others. Additionally, the market is benefitting from new technological advancements in the market. General Electric (GE) released a statement earlier in September about a Thaketa Township based combined-cycle gas power plant will start its operations as per the schedule in the 2018 first quarter. The plant will be charged by signature F-class gas turbines of GE which will produce around 106 megawatts energy after the completion of the plant in 2018. The plant is a joint venture between Myanmar and China and is being presently under construction overlooked by SEPCOIII Electric Power Construction Corp. of China. SPECOIII will make use of GE’s 6F.03 gas turbines for the system of combined cycle. A power plant with combine cycle system utilizes both steam and gas turbine together to generate 50 percent more electric power from the same amount of fuel than a conventional simple-cycle plant.

According to the latest report published by Transparency Market Research, the global market for gas turbine upgrades for performance enhancement was valued at US$13.24 bn in the year 2016 and is estimated to reach the overall valuation of US$22.32 bn by the end of year 2025. The market is expected to show a growth CAGR of 6% over the time period of 2017 to 2025.

Market Players Focus on Enhancing Power Output from Turbines

For many years, the gas turbines have been utilized in multiple industries such as aerospace. Gas turbines can function on variety of fuels such as synthetic fuel, natural gas, and fuel oil. With the emergence of renewable energy sources and regular growth of gas sectors and power generation has led to requirement of enhancing the performance of the currently functional gas turbines. However, the gas turbines’ performance is impeded by ambient temperature. The ambient temperature is inversely proportional to the power out of the gas turbines. So as the air flow is reduced, the ambient temperature rises and thus, leads to reduced output of power from the gas turbines. This crucial factor is being targeted by the prominent players that are operating in the global gas turbines upgrades for performance enhancement market.

Most of the gas turbine upgrades for enhancing performance focus on increasing the specific power of the turbine or boost the air density inside the turbine. Many innovative solutions are under development as the user base of gas turbines is increasing and it is quite diverse as well. This has also acted as significant driver for the growth prospects of the global market. Moreover, the demand for upgrading the gas turbines in order to enhance their performance is also because of the strict regulations for greenhouse gas and carbon gas emission from the turbines. The market is also driven by need for economical operations, trends that favor digitalization and automation, and increasing investments.

Asia Pacific Keeps Other Regional Market at Bay with Strong CAGR

Geographically, the global market is segmented into key regions such as Asia Pacific, Latin America, Middle East and Africa, Europe, and North America. In 2016, the market for gas turbines upgrades for performance enhancement was dominated by Asia Pacific. According the TMR report, Asia Pacific accounted for over 32% of the market share and is projected to continue its domination in the coming years with a strong CAGR of 6.6%. This growth in the gas turbines upgrades for performance enhancement is expected to be followed by Europe which is likely to show a growth CAGR of 6.1% over the coming years.

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Bonded Magnets Market – Evolving Industry Trends and key Insights by 2025

Bonded magnets are injection molded or compression molded magnetic substances that can be formed into various shapes and utilized in a number of applications. Bonded magnets are made from powders of magnetic materials such as NdFeB and strontium ferrite and are used in various applications in booming industries such as electronics and automotive. The two types of bonded magnets – injection molded and compression molded – offer varying sets of advantages; injection molded bonded magnets can be molded into a wider variety of shapes, but compression molded magnets offer higher magnetic power. The demand from the bonded magnets market has been driven by the rising use of electronic components in other industries such as the automotive sector, which necessitates the use of magnets.

According to Transparency Market Research (TMR), the global bonded magnets market is expected to rise to a valuation of US$2.5 bn by 2025. The market is projected to exhibit a steady CAGR of 7% between 2017 and 2025.

What are the leading regional markets for the bonded magnet market?

China is the dominant national market for the bonded magnets industry. China is a dominant force in the global rare earth metal trade, containing around 30% of the global reserve of rare earth metals and holding more than 95% of the global rare earth metal trade. Strong government support for the rare earth metal industry in China, through government programs such as Program 863 and Program 973, has enabled China to remain a leading light in the global rare earth metals industry. Rapid growth of the electronics and automotive industries in China in the 21st century has further driven rare earth metal production in the region and enabled the region to emerge as a key regional player in the global bonded magnet market.

Consumer electronics and household electronics have become a flourishing industry in modern-day China and thus comprise significant demand from the region’s bonded magnets market. Bonded magnets are used in several household electronics, which require magnets that fit the overall design template of the product. The automotive industry also makes use of bonded magnets in a wide range of applications, including vipers, wheel speed sensors, crash sensors, ignition magnets, speedometers, and power windows. The rising incorporation of electronic sensors in cars has been a major driver for the global bonded magnets market, as modern automotive design works to precise templates and requires precise engineering in all components. The Chinese automotive industry, which has been the highest producer of automobiles for close to a decade now and has well over 1 million exports, is thus likely to remain a key player in the global bonded magnets market.

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South Korea and Japan are also likely to feature prominently in the global bonded magnets market in the coming years due to the flourishing semiconductor and electronics industries in these countries. Asia Pacific is thus likely to retain a dominant hold over the global bonded magnets market over the coming years, with developed markets in North America and Europe likely to make up less than a quarter of the market.

What are the dominant product segments of the bonded magnets market?

By product type, the global bonded magnets market is segmented into ferrite, rare earth, and hybrid magnets. Rare earth bonded magnets offer superior performance and are thus valued over the other two categories, but the price advantage presented by ferrite magnets has driven their demand. Hybrid bonded magnets, which combine the properties of ferrite and rare earth magnets, are thus emerging as a leading segment in the global bonded magnets market, as a wide spectrum of industry players can utilize hybrid bonded magnets.

IoT Platforms Market has Vast Growth Promise in Europe and North America

Unlike other technologies that are based on one chief architecture, or are defined by one drive type or a method of connectivity, IoT is an assembly of a number of distinct devices and technologies at its very core. The technology stack of IoT has many layers, including applications, hardware, connectivity, analytics, and security. The key interactions between each of these layers as well as other core systems in a business are orchestrated and facilitated by IoT platforms. This suite of software components that assists in the seamless connection and information exchange between the disparate elements of an IoT system is thus one of the most crucial components of any IoT system.

The rising global adoption of IoT is indirectly also upping the growth prospects of the global IoT platform market. In a recent market intelligence report, Transparency Market research states that the global IoT platform market will expand at a massive 21.0% CAGR from 2017 to 2025, ushering the valuation of the of US$1.78 bn in 2016 to an opportunity of US$10.06 bn by 2024.

Which way of deploying IoT platforms is most preferred?

Of the two key methods of deploying IoT platforms – on-premise and cloud – the on-premise segment is presently the most profitable segment owing to higher demand as compared to the cloud segment. The on-premise segment held the dominant share in terms of revenue in 2017 and continues to be the most preferred way of deploying IoT platforms. It is estimated to continue to account for a significant share of the market in the near future as well.

Security concerns associated with cloud-based deployment of IoY platform continue to dampen consumer interest in cloud despite it being more flexible and cost-effective. However, the cloud segment is expected to benefit in the near future due to technological advancements and conscious efforts of cloud service providers to make their systems more foolproof to data threats. The cloud sector is also expected to profit from the massive cost reductions in IoT sensors over the years and rising consumer confidence in cloud technologies.

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Geographically, how are opportunities distributed in the global IoT platform market?

From a geographical perspective, the North America market for IoT platforms is presently the leading contributor of revenue to the global market and is also envisioned to witness a promising upward trajectory in the near future. The strong position of the North America market is courtesy the increased adoption of advanced technologies and the presence of some of the leading IoT solution providers in the region. However, the market in Europe is projected to outperform the North America market in terms of rate of growth and revenue, surpassing the North America market to be the leading regional market. This can be attributed to encouraging government initiatives and the rising trend of automation and data communication in the industrial sector in the region.

Asia Pacific is a promising regional market and is expected to witness rapid growth in the next few years, with developed and emerging economies such as Australia, Japan, China, and India emerging as the most influential contributors to the overall development of the regional market. With a promising rate of adoption of IoT solutions across industries such as oil and gas, banking, and the government sector, the market for IoT platforms in Middle East and Africa market is also expected to register a healthy growth. In the MEA market, South Africa and key oil producers within the Gulf Co-operation Council are projected to remain the key revenue generators.