Furthermore, traction motor is installed in fully hybrid and battery electric vehicles.

Permanent magnet synchronous motor and asynchronous motors are two main types of traction motor which is currently driving the electric traction motors.Based on type, the market is segmented as AC motor and DC motor.

AC segment is estimated to dominate the market during the forecast period due to its wide application in railways and electric vehicles.

This is due to huge investments in expanding railway network and modernization of existing rolling stock majorly in Asia Pacific, North America, and Europe.The global electric traction motor market is expected to grow at 18.08% CAGR during the forecast period.DriversMarket Research AnalysisAsia Pacific accounts for the largest market share whereas Asia-Pacific is the fastest growing region.Region wise, Asia Pacific held the largest market share of the global electric traction motor market in 2017.

It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in railway sector, rising urbanization and proliferation of electrification.

The market is mainly driven by factors such as the gradual shift from diesel-based to diesel-electric locomotives and electric locomotives.Scope of the ReportThis report provides an in-depth analysis of the global electric traction motor market, tracking three market segments across five geographic regions.

Market Insights Market Research Future has published its report on the global solar thermal collector market which projects and records several vital factors and figures relevant to the market.

Increasing environmental consciousness combined with a desire to move away from heavy reliance on increasingly expensive and rapidly depleting fossil fuel reserves have given rise to the demand for renewable energy.

Since solar thermal collectors, as the name suggests, rely on solar power, the demand for the same has increased drastically.

The growing demand and need for energy efficiency propel the demand for solar thermal collectors.

Energy efficiency has become vital due to rapid and ongoing industrialization and urbanization, thus driving the demand for solar thermal collectors, particularly in industrial applications in an effort to reduce overhead costs.

However, increasing focus and government support for the development of renewable energy technology is expected to lead to advancements in solar thermal technology which in turn, will provide the market with opportunities in the foreseeable future.

Microbial Enhanced Oil Recovery Market – OverviewThe escalated level of demand witnessed in the oil and gas sector has given way to the development of new methods in microbial enhanced oil recovery market.

On the basis of bacteria injection, the microbial enhanced oil recovery market is classified as microbial flooding, cyclic or huff & puff, and feeding existing bacteria.

Based on application, the microbial enhanced oil recovery market is segmented into emulsification and de-emulsification, interfacial tension reduction, selective plugging, gas production, wettability alteration, and biodegradation.

The regions included in the microbial enhanced oil recovery market are North America, Europe, Asia Pacific and rest of the world.Detailed Regional Analysis     The regional assessment of the microbial enhanced oil recovery market consists of regions such as Europe, North America, Asia Pacific and rest of the world.

The perceived propensity for the market’s growth has improved following the accessibility to positive aspects in the market.The notable competitors in the microbial enhanced oil recovery market share globally are Weatherford International (U.S.), Occidental Petroleum (U.S.), Synthetic Genomics (U.S.), Wintershall (Germany), Titan Oil Recovery (U.S.), RAM Biochemicals (U.S.), BP (UK).

National Oilwell Varco, Inc. (U.S.), Halliburton (U.S.), Genome Prairie (Canada), Glori Energy Inc. (U.S.), and Chemiphase (UK) among others.Industry Updates:Jan 2019 The Department of Energy’s (DOE’s) Office of Fossil Energy has recently announced up to $88 million in federal support for cost-shared research and expansion projects enhancing technologies for oil and natural gas recovery in two distinct funding opportunity announcements (FOAs).

Overview:The recent study conducted by Market Research Future (MRFR), reveals that the global steel wind tower market will exhibit 6.44% CAGR during the assessment period (2018-2023).

Moreover, investment in wind energy has ramped up to a significant extent in recent years.The power industry is under pressure to switch to options that are environmentally viable and ensure long-term sustainability.

In addition, stricter lows are being enforced to curb Co2 emission, which is putting the post light on various clean energy technologies including wind turbines.

Advanced economies in Europe and North America are opting for eco-friendly alternatives to reduce dependency on energy generated from fossil fuel.

Nonetheless, emergence of suitable alternative and fluctuating prices of steel are some of the major factors, which may hinder the market over the course of the review period.Global Steel Wind Tower Market: Segmental AnalysisThe study includes a detailed segmental analysis of the market based on application, height range and region.

China, Australia and India are among the major contributors to the growth of the steel wind tower market in APAC.

Market Analysis As per the analysis by Market Research Future Reports (MRFR), the Global Electric Insulator Market is estimated to expand at a CAGR of 5.88% during the review period.

The rising initiatives taken by the government towards clean energy economy and renewable power integration have played a major role in driving investments in power transmission and distribution infrastructure.

Countries across the world are inclining towards the usage of renewable energy.

Besides, the increasing investment in the refurbishment of the aging grid infrastructure across the developed countries will escalate the expansion of the electric insulator market at a global level.

As per a study, the maximum utilities are spending enormously on distribution systems, which is primarily driven by capital expenditures on the replacement of aging electrical equipment.

In the APAC region, China acquires the largest market share due to higher investment in transmission and distribution networks, which results in an increased demand for electric insulators.

While the world is busy trying to achieve a COVID-19 breakthrough, the lockdown situation has managed to restrain the movement of materials across energy and power plants.

Players are constantly entering into supply chain agreements in an attempt to develop a highly integrated supply chain network with respect to distribution, sale as well as manufacturing of flow batteries.

Market Segmentation As per the flow battery market forecast by MRFR, the primary segments listed in the report are product type, material type, storage type, and application.Redox and hybrid are the primary product types discussed in the market review.

Redox is the dominant segment in the market, given its reliability and flexibility in energy storage applications across grid operations and power stations.The material types covered in the study include vanadium as well as zinc-bromine.Storage types analyzed in the report are large scale and compact.

Industrial and commercial utilities make extensive use of large-scale storage devices as they are highly efficient when used in a variety of operations.The applications of flow batteries include utilities, defense, industrial & commercial segments, and others.

Post SARS-CoV-2 outbreak, the regional market has faced a mild roadblock.

The rapid replacement of conventional power generation sources by solar PV tracker system can impel the expansion of the market.

Solar PV tracker offers extra efficiency of about 15% to 30% in operations.

In recent times, the growing preference for effective solutions over considering the expense criteria while making purchase decision can counter the market slow-down in the years to come.

The power generation type based solar PV tracker market segments are concentrated solar thermal, solar PV, and CSP.

The CSP segments are dish or engine type, linear Fresnel, and power towers.

Concentrated solar thermal systems are observed to experience high desirability due to its efficacy in settling domestic water heating and in the generation of steam requirements.

Market Highlights                                                                                           The global plastic tube packaging market is dynamic and is expected to witness high growth over the forecast period.

The increasing adoption of lightweight rigid plastics is one of the key drivers propelling the growth of this market in the coming years.

Lightweight packaging is becoming increasingly popular among the consumers as it helps in the significant reduction of transportation and carriage costs, leading to increased profits.

Plastic tubes are mostly used in pharmaceutical because they have lower cost, lightweight, flexible, and unbreakable.

The pharmaceutical sector accounted for 20% of spending on medicine in 2011 and is estimated to account for 30% in 2016.

Recent market trends show a very high growth rate for the flexible packaging industry, driving the global plastic tube packaging market.

Market Analysis As per the analysis by Market Research Future Reports, the global agricultural packaging market is projected to thrive at a CAGR of 4.7% by the end of 2023.

Besides, the demand for agricultural packaging is rising owing to the growing e-commerce sector across the world.

The companies are spending enormously in research and development due to the increasing inclination of consumers towards packaging.

Market Segmentation The global Agricultural packaging market has been segregated on the basis of product, material, barrier strength, application, and region.On the basis of product, the global agricultural packaging market can be classified into bags, pouches, trays, bottles, and others.On the basis of material, the global agricultural packaging market can be classified into glass, paper & paperboard, plastic, metal, and others.

Among all, the medium-barrier strength material dominates the market.On the basis of region, the global agricultural packaging market can be classified into Asia-Pacific, North America, Europe, and the Rest of the World (RoW).

Fuller Company (US), ondi (Austria), Anderson Packaging Inc (US), LC Packaging (The Netherlands), Sonoco Products Company (US), Atlantic Packaging (US), Flex-Pack (US), Packaging Corporation of America (US), RM CONVERTERS (India),  ProAmpac (US), NNZ Group (Netherlands), Greif (US), Novolex (The US).

Market HighlightsIn the last decade, the power industry witnessed tremendous changes due to increased energy generation mix from renewable sources and the trending technological advancements replacing the existing technology along the value chain.

This factor also drives the global HVDC transmission market on a large scale.HVDC transmission systems are expected to improve the grid connectivity with asynchronous grid that will draw power from various sources.

By deploying HVDC cables in the power transmission systems, the underground cable project for smart cities will be fulfilled.By application type, the offshore HVDC Transmission systems have been quite successful for the last five years, owing to the industrial initiatives for accessing offshore grid connectivity and electricity for oil rigs.

Power generated from offshore wind farms are transmitted through HVDC cables and has a major role in energy mix in the grid.

One of the major reasons for this is that it uses semiconductors that can polarize the current in either of the directions thus, reducing resistance in the transmission systems.

Power transmission operators that use HVDC cables are more preferred over HVAC cable operators thus.This would improve the position of HVDC opeartors, which is expected to encourage the market growth.

The gradually growing demand for blockchain as a technology is expected to disrupt the core of the several industries where it may be implemented.

The beginning of the concept of blockchain in energy originated as a niche product on the market peripheries but has captured the attention of several industry experts and leaders in recent times.

The use of blockchain technology in the energy sector allows energy companies the chance to make substantial cost-saving and process efficiencies which is a significant advantage that is expected to be derived from the implementation of blockchain in energy market.

The most encouraging of the blockchain in energy’s applications presently are carried out through partnership and collaboration amid the major players such as utility providers such as RWE or technology developers such as Siemens with the blockchain technology companies.

The competitors in the blockchain in the energy market are limited currently because of the novelty of the product offering in the market and also the specialized degree of knowledge that is required to enter the market.

The applications based segmentation of the computer vision market consists of grid management, energy trading, control & security, payment schemes, supply chain and logistics.

Industry Insight The global steam turbine market 2020 plans to register a high growth of around 4.2% CAGR in the next six years.

In the time of COVID-19, MRFR analysis that the market has seen a sudden growth in the usage of steam turbines to extract thermal energy for mechanical work on a rotating output shaft efficiently.

The rising electricity consumption, surging combined-cycle, rising thermal power capacity additions, and co-generation operations are some major drivers of the steam turbines market.

The regulatory policy restrictions on fossil-fuel-fired power plants and slowdown in the construction of new nuclear power plants are the foremost restraining factors for the steam turbines market.

In fact, replacement or upgrade of aging power generation infrastructure is presenting growth opportunities for the steam turbines market amid the COVID-19 outbreak.

Regional Outlook Geographically, the global steam turbine market has been studied among the regions of Europe, North America, Asia Pacific, and RoW.

Advanced software and data analysis procedures used to improve the profitability of oil and gas operations.

The main aim of the digital oilfield is to minimize the non-productive time, maximize the oilfield recovery and increase profitability.

Based on process, this segment includes Reservoir, Production, and Drilling Optimization.

The global digital oilfield market is projected to grow USD 22.36 billion by 2023 with a CAGR of more than 5.5% in the forecast period.North America accounts for the largest market share whereas Asia-Pacific is the fastest growing region.

The Kongsberg Digital model will be connected to Mad Dog 2 facility to create realistic simulation environment which will deliver dynamic decision support for production effciency in Gulf of Mexico region.

It has been estimated that Asia-Pacific region will grow at the highest rate during the forecast period.Scope of the Report This report provides an in-depth analysis of the global digital oilfield market, tracking three market segments across four geographic regions.

MCCB commonly works based on two elements, namely thermal element for overcurrent and a magnetic element for short circuit release.

Global demand for electricity is increasing at an alarming rate.

Consequently, with the continuous rise in electricity production and consumption, the demand for MCCBs would continue to rise in the following years.

Additionally, high growth in the construction sector across the globe is fuelling the growth of the market.

However, factors such as fluctuating working characteristics of the breaker depending on the ambient temperature may restrict the demand for molded case circuit breaker devices.

The Middle East countries are expanding their cross-border electricity trade and integrating wind and other renewable energies, increasing the load flow on aging networks.

Market Scenario The global low voltage switchgear market is slated to rise at a CAGR of approximately 9% during the forecast period 2017-2023.

Drivers and Restraints The major factors driving the low-voltage switchgear market 's growth are supportive policy regulation toward incorporating renewable energy services through residential and commercial establishments.

In addition , the rapid expansion of micro grid networks will further complement the business outlook by supplying the growing demand for off-grid energy across the emerging markets.

The graded present is divided into 1000 Ampere, 1001 to 5000 Ampere, and > 5000 Ampere.

The Asia Pacific region holds the largest share in the demand for low voltage switchgears.

It is observed that the low voltage switchgear market size of China's low voltage switchgear is about to show substantial growth towards the clean energy deployments.

OverviewThe global Medium Voltage Cables Market is expected to exhibit a strong 6% CAGR over the forecast period from 2018 to 2023, according to the latest research report released by Market Research Future (MRFR).

The global medium voltage cables market is studied in detail in the report, which takes a close look at the major drivers and restraints behind the market’s progress and delivers a complete analysis of the factors likely to have a major impact on the market’s growth trajectory over the forecast period.The medium voltage cables market has been driven primarily by the growing demand for rural electrification in emerging countries around the world.

The growing government efforts in regions such as South America, Central America, the Middle East, and Asia Pacific to extend the mainline grid to remote areas have resulted in a growing demand for medium voltage cables.Medium voltage cables are preferred in a majority of electricity transmission operations due to their low costs and high performance capability.

Medium voltage cables are the perfect choice for expanding the power distribution grid, as they can cheaply installed across large distances, bridging gaps at relatively minor costs.

The growing demand for electrical connectivity in developing countries around the world is likely to be the major driver for the global medium voltage cables market over the forecast period.Competitive Analysis:Leading players in the global medium voltage cables market include EL Sewedy Electric Company, LS Cable & System Ltd., Hebei New Baofeng Wire & Cable Co. Ltd., Kabelwerke Brugg AG, Southwire Company LLC, Sumitomo Electric Industries Ltd., Prysmian SpA, ABB Ltd., NKT Cables Group A/S, Nexans S.A., and General Cable Corporation.Segmentation:The global medium voltage cable market is segmented on the basis of four criteria for a comprehensive analysis of the market’s global conditions and spread: Installation type, voltage rating, end use, and region.By installation, the global medium voltage cables market is segmented into overhead, submarine, and underground.

Overhead cabling is likely to account for the highest demand for medium voltage cables over the forecast period due to the growing demand for long-distance overhead cabling in emerging regions around the world.By voltage rating, the global medium voltage cables market is segmented into 1-25 kV, 26-50 kV, 51-75 kV, and 76-100 kV.By end use, the global medium voltage cables market is segmented into utilities, industrial, and commercial.Regional Analysis:The global medium voltage cables market is segmented into North America, Europe, Asia Pacific, and rest of the world on the basis of region.Asia Pacific is likely to dominate the global medium voltage cables market over the forecast period due to the rapid urbanization in the region, which has led to a growing demand for new cables.