High energy demand coupled with increasing environmental awareness are expected to drive the global wave energy market over the forecast period. Favorable regulations and government incentives such as tax benefits and schemes along with venture capital funding are presumed to have a positive influence the market and attract new market players.
For More Information on "Wave Energy Market Research Reports" visit – http://www.grandviewresearch.com/industry-analysis/wave-energy-market Drive to increase wave energy share in the global energy mix is expected to further aid in market growth. Massive upfront investment requirements and stagnant production technologies may hinder the global wave energy market growth. Uncertain wave patterns and varied local geography are anticipated to pose challenges for homogenous growth of the market across various regions. However, extensive R&D to achieve technological innovation is expected provide ample opportunities to market participants over the forecast period. Though wave energy currently occupies only a fraction in the global energy mix, markets across North America, Asia Pacific and Europe show promising growth prospects over the next six years. Large scale wave energy projects in Australia and U.S. highlight the growing regional market. UK, Sweden, Spain and Denmark dominate the European wave energy market. Wave energy R&D provides ample amount of opportunities to both the new as well as experienced industry participants. Being at a nascent stage, wave energy market is currently fragmented and unconsolidated. Financial stability and innovative capabilities are expected to drive market consolidation in the future. Special purpose companies and strategic partnerships are assumed to be critical for relatively small participants to enter the wave energy industry. Leading industry participants include Tenax Energy, Pelamis Wave Power, Carnegie Wave Energy, Marine Current Turbines, Oceanlinx and Ocean Power Technologies Inc., Aquamarine Power, Ocean Renewable Power Company Llc, and Eco Wave Power. Request TOC of “Wave Energy Market Research Reports" visit - http://www.grandviewresearch.com/industry-analysis/wave-energy-market/request-toc About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, U.S.A. Grand View Research, Inc. United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Website: Grand View Research Blog Site: http://www.mediafound.org/
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Compressed Natural Gas (CNG) Market Estimate, Demand Forecast To 2020: Grand View Research, Inc.12/9/2014 Global compressed natural gas (CNG) market is anticipated to reach USD 129.77 billion by 2020, according to a new study by Grand View Research, Inc. Growth of global natural gas vehicles (NGVs) industry coupled with increased automobile fuel efficiency attributed by CNG is anticipated to remain a key driving factor for the global market. Government subsidiaries in form of financial incentives particularly in Asia Pacific and Latin America is also expected to have a positive impact on the market growth. Positive outlook on exploration of unconventional resources including shale gas particularly in U.S. and China is expected to provide growth opportunities for market participants. High initial investment for CNG automobile storage tanks is expected to remain a key challenge for market participants over the forecast period. Increasing R&D expenditure by automobile manufactures on developing dual fuel engines is expected to remain a critical success factor over the next six years.
Non-associated gas emerged as leading source for CNG and accounted for 89.9% of total market volume in 2013. Increasing drilling activities particularly in Middle East is expected to ensure continuous supply of non-associated gases for CNG over the forecast period. Unconventional methods are expected to be the most lucrative source segment growing at an estimated CAGR of 28% from 2014 to 2020. To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/compressed-natural-gas-cng-market Further key findings from the study suggest:
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/conventional-energy For the purpose of this study, Grand View Research has segmented the CNG market on the basis of source, application and region: Global Compressed Natural Gas (CNG) Source Outlook (Volume, MCM; Revenue, USD Billion, 2012 – 2020) • Non-Associated Gas • Associated Gas • Unconventional Methods Global Compressed Natural Gas (CNG) Application Outlook (Volume, MCM; Revenue, USD Billion, 2012 – 2020) • Light Duty Vehicles • Medium/Heavy Duty Buses • Medium/Heavy Duty Trucks • Others Global Compressed Natural Gas (CNG) Regional Outlook (Volume, MCM; Revenue, USD Billion, 2012 – 2020) • North America • Europe • Asia Pacific • Middle East & Africa • Central & South America About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, U.S.A. Grand View Research, Inc. United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Website: Grand View Research Blog Site: http://marketshare.blog.com/ |