DUBLIN--(BUSINESS WIRE)--The "Technology Landscape, Trends and Opportunities in the Global Electric Vehicle Battery Market" report has been added to ResearchAndMarkets.com's offering.
The technologies in electric vehicle battery have undergone significant change in recent years, with non-rechargeable to rechargeable electric vehicle batteries. The rising wave of new technologies, such as nickel-cadmium batteries, nickel-metal hydride batteries, sodium-nickel chloride batteries, and lithium-ion batteries are creating significant potential for electric vehicle battery applications due to reduced emission, betterment for the environment, health benefits, and safety improvements.
In this market, various technologies, such as lead-acid battery, nickel-cadmium battery, nickel-metal hydride battery, sodium-nickel chloride battery, and lithium-ion battery technologies, are used in battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. Growing demand for zero emission vehicles and decreasing cost of electric vehicle battery systems are creating opportunities for various electric vehicle battery technologies.
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the electric vehicle battery market.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global electric vehicle battery technology by application, technology, and region.
Some of the electric vehicle battery companies profiled in this report include Samsung Sdi, Quallion, Boston-Power, and LG Chem Power.
This report answers the following 9 key questions:
Key Topics Covered:
1. Executive Summary
2. Technology Landscape
2.1. Technology Background and Evolution
2.2. Technology and Application Mapping
2.3. Supply Chain
3. Technology Readiness
3.1. Technology Commercialization and Readiness
3.2. Drivers and Challenges in Electric Vehicle Battery Technologies
3.3. Competitive Intensity
3.4. Regulatory Compliance
4.Technology Trends and Forecasts Analysis from 2013-2024
4.1. Electric Vehicle Battery Opportunity
4.2. Technology Trends (2013-2018) and Forecasts (2019-2024)
4.2.1. Lead-Acid Battery
4.2.2. Nickel-Cadmium Battery
4.2.3. Nickel-Metal Hydride Battery
4.2.4. Sodium-Nickel Chloride Battery
4.2.5. Lithium-Ion Battery
4.3. Technology Trends (2013-2018) and Forecasts (2019-2024) by Application Segments
4.3.1. Battery Electric Vehicle
4.3.1.1. Lead-Acid Battery
4.3.1.2. Nickel-Cadmium Battery
4.3.1.3. Nickel-Metal Hydride Battery
4.3.1.4. Sodium-Nickel Chloride Battery
4.3.1.5. Lithium-Ion Battery
4.3.2. Hybrid Electric Vehicle
4.3.2.1. Lead-Acid Battery
4.3.2.2. Nickel-Cadmium Battery
4.3.2.3. Nickel-Metal Hydride Battery
4.3.2.4. Sodium-Nickel Chloride Battery
4.3.2.5. Lithium-Ion Battery
4.3.3. Plug-in Hybrid Electric Vehicle
4.3.3.1. Lead-Acid Battery
4.3.3.2. Nickel-Cadmium Battery
4.3.3.3. Nickel-Metal Hydride Battery
4.3.3.4. Sodium-Nickel Chloride Battery
4.3.3.5. Lithium-Ion Battery
5.Technology Opportunities (2013-2024) by Region
6.Latest Developments and Innovations in the Electric Vehicle Battery Technologies
7. Companies/Ecosystem
7.1. Product Portfolio Analysis
7.2. Market Share Analysis
7.3. Geographical Reach
8.Strategic Implications
8.1. Implications
8.2. Growth Opportunity Analysis
8.2.1. Growth Opportunities for the Electric Vehicle Battery Market by Technology
8.2.2. Growth Opportunities for the Electric Vehicle Battery Market by Application
8.2.3. Growth Opportunities for the Electric Vehicle Battery Market by Region
8.3. Emerging Trends in the Electric Vehicle Battery Market
8.4. Disruption Potential
8.5. Strategic Analysis
8.5.1. New Product Development
8.5.2. Capacity Expansion of the Electric Vehicle Battery Market
8.5.3. Mergers, Acquisitions, and Joint Ventures in the Electric Vehicle Battery Market
9.Company Profiles of Leading Players
9.1. Samsung Sdi
9.2. Quallion
9.3. Boston-Power
9.4. LG Chem Power
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/m7xn5s
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DUBLIN--(BUSINESS WIRE)--The "Oilfield Power Generation Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The oilfield power generation market is expected to rise at a CAGR of more than 1.5% during the forecast period of 2020-2025.
Factors such as a reduction in the drilling cost and an increase in the deepwater and ultra-deepwater activities are likely to drive the oilfield power generation market. However, the volatile oil prices slowing down the upstream sector are expected to restrain the oilfield power generation market.
Companies Mentioned
Key Market Trends
Onshore Segment Expected to Dominate the Market
Oil field operations typically operate away from traditional infrastructure, making it impossible for reliable access to electricity. A lack of existing roadways and communication lines makes it nearly impossible to manage effectively. More commonly, these locations typically lack any access to power. To modernize and add these components, oil field operators would be forced to invest significantly. And, as a result, it is simply not financially feasible. For the above reason, the oilfield power generation methods come in hand, which is more reliable and cost-effective. Companies use various equipment such as diesel and natural gas generators.
North America Expected to Dominate the Market
North America, due to its rapid increase in crude oil and natural gas production in the world, held a significant share in the market. In 2019, North America produced is approximately 24.9% of the global crude oil production.
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 Source
5.1.1 Diesel
5.1.2 Natural Gas
5.1.3 Others
5.2 Area of Generation
5.2.1 Onshore
5.2.2 Offshore
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/p88mzq
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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The IIF Taskforce on Scaling Voluntary Carbon Markets recommends price reporting agencies provide OTC markets with increased transparency
ROCKVILLE, Md.--(BUSINESS WIRE)--OPIS, an IHS Markit (NYSE: INFO) company and the leading benchmark provider for emissions and carbon markets data, will launch today the world’s first comprehensive daily pricing suite for global voluntary carbon offset credits to advance the global initiative to reduce greenhouse gas emissions. The OPIS Global Carbon Offsets Report will bring greater transparency to the voluntary REDD+ credits and CORSIA-eligible offsets markets, providing pricing solutions to stakeholders engaged in net-zero and emissions reduction strategies.
The new information service will include daily price assessments for voluntary carbon credits produced by nature-based projects for Reducing Emissions from Deforestation and Forest Degradation (OPIS Voluntary REDD+ Credits), as well as CORSIA Eligible Offsets (OPIS CEO) that reflect methodologies specified by the International Civil Aviation Organization (ICAO) for assets that comply with the Carbon Offsetting and Reduction Scheme for International Aviation program. The report will also include daily assessments for California Carbon Offsets (OPIS CCO) and CCO with a Direct Environmental Benefit in the State (OPIS DEBS CCO).
“The increasing number of net-zero commitments by countries and corporations underpins the demand for transparent benchmark pricing for voluntary carbon credits,” said Fred Rozell, president, OPIS by IHS Markit. “To achieve emissions-reduction goals set forth in the Paris Agreement, the market is primed to grow exponentially by 2030. The OPIS Global Carbon Offsets Report will send a reliable price signal to the industry, enabling developers of nature-based projects to secure financing, which is paramount for the markets to scale. As we embark on 2021 and look forward to the COP26, OPIS is excited to lead the way in helping to unlock the potential of the carbon offsets markets.”
The Institute of International Finance (IIF) Taskforce on Scaling Voluntary Carbon Markets in its November 2020 Consultation Document estimated that voluntary carbon markets need to increase by at least 15-fold to meet the growing demand from companies with carbon neutrality goals. The Taskforce said that the voluntary carbon over-the-counter (OTC) market would benefit from price transparency provided by a price reporting agency. IHS Markit is a member of the IIF Taskforce on Scaling Voluntary Carbon Markets.
The OPIS Global Carbon Offsets Report includes 27 voluntary carbon offset credits physical assessments as well as 10 compliance offsets physical assessments. OPIS Voluntary REDD+ Credit prices reflect credits certified by Verra (VCS) that include validation under the Climate, Community & Biodiversity Standards (CCB). OPIS CEO prices reflect credits eligible for compliance under the ICAO Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) program. OPIS CCO and DEBS CCO prices reflect offsets issued by California’s Air Resources Board for compliance with the state’s Cap-and-Trade program.
“Our team of dedicated carbon market experts committed 2019 and 2020 to extensive consultation with dozens of voluntary carbon industry stakeholders,” said Linda Herbert, vice president, OPIS by IHS Markit. “This critical engagement resulted in the design of a robust methodology that accurately reflects fair-market value for forestry credits and CORSIA-eligible offsets. OPIS is confident that its full suite of voluntary carbon indices addresses the challenges that stakeholders currently experience from a lack of transparent pricing. With this launch, OPIS solidifies its commitment to addressing the pricing needs of rapidly developing global carbon markets.”
The OPIS voluntary and compliance carbon markets assessments reflect confirmed bids, offers and trades reported by approved traders, brokers and electronic platforms. OPIS Voluntary REDD+ Credits, CEO, CCO and DEBS CCO are assessed in U.S. dollars per metric ton ($/mt). Full details about the OPIS voluntary and compliance carbon methodologies can be found in OPIS Carbon Market Pricing.
OPIS began providing daily price transparency for North America’s compliance carbon markets in 2014 and remains the relied-upon price reporting agency, benchmarked by the California transportation fuels industry, to provide accurate assessments for the state’s Cap-and-Trade and Low Carbon Fuel Standard programs. OPIS assessments for California Carbon Allowances (OPIS CCA) and Regional Greenhouse Gas Initiative Allowances (OPIS RGGI) underly the IHS Markit Global Carbon Index (GLCARB), which serves as a benchmark to the KFA Global Carbon ETF (KRBN) that launched to the New York Stock Exchange this year.
OPIS Global Carbon Offsets Report publishes daily to meet the demand for a price reporting agency to provide a benchmark for global carbon offset credits. It is the only carbon price suite that enables global voluntary carbon project developers, traders, marketers and investors to accurately identify a fair value for their assets.
For further information about the OPIS Global Carbon Offsets Report, contact Lisa Street, associate director, OPIS at This email address is being protected from spambots. You need JavaScript enabled to view it.
About OPIS (www.opisnet.com)
Oil Price Information Service (OPIS) by IHS Markit (NYSE: INFO) provides accurate pricing, real-time news and expert analysis across the global fuel supply chain. Leveraging data from its spot, rack and retail market sources, OPIS enables its customers to buy and sell oil, gas and petrochemical products with confidence across the globe.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2020 IHS Markit Ltd. All rights reserved.
News Media:
Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
+1 303 858 6417
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ALLENTOWN, Pa.--(BUSINESS WIRE)--ProModel Corporation a leading provider of simulation based predictive & prescriptive analytic decision support solutions spun off the Government Services Business to a leading provider of data management, advanced analytics, artificial intelligence, machine learning, and cloud solutions to the U.S. Government. This sale enables ProModel Corporation to focus growth on our portfolio of leading-edge Commercial-Off-The-Shelf software (COTS). ProModel’s COTS Simulation Software solutions help organizations optimize processes and resource decisions that best align with business strategy.
“The direction going forward is to focus on recurring revenue growth. The sale of the Government Services Business will provide ProModel the resources to invest in expanding key product solutions; Shipyard AI™ used to optimize shipyard schedules, FutureFlow Rx® used to optimize patient flow through hospitals, Enterprise Portfolio Simulator used to optimize project portfolios and Autodesk versions of our flagships products ProModel and Process Simulator,” says Keith Vadas, ProModel’s President and CEO. “We look forward to accelerating investment in our current Product Portfolio enabling our client’s access to enhanced industry leading solutions.”
About ProModel Corporation
ProModel Corporation based in Allentown PA, was founded in 1988, ProModel Corporation specializes in commercial off the shelf software to help organizations optimize portfolios, projects, processes and resource decisions that best align with business strategy. For more information, please visit www.promodel.com.
Steve Haekler
610-628-6842
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Hanwha Systems investment promotes development of LEO antenna solutions for South Korean markets and beyond
REDMOND, Wash.--(BUSINESS WIRE)--Kymeta (www.kymetacorp.com) — the communications company making mobile global — announced today that Hanwha Systems (HSC) (www.hanwha.com), a leading global solutions company that provides differentiated smart technologies in defense electronics and information infrastructure, has signed an agreement to invest $30 million to back the development of Kymeta’s next generation solutions, the Kymeta u8™ and Kymeta Connect™.
The investment will further Kymeta’s global market reach, accelerate production of Kymeta products and solutions, and improve the overall growth trajectory of the company. The funding is anticipated to support increased unit production, an enhanced customer experience, and the ongoing development of Kymeta’s next generation capabilities. HSC aims to support Kymeta’s metamaterial-based antenna technology and gain a foothold in the rapidly growing Low Earth Orbit (LEO) antenna market. With the capital investment and upon regulatory approvals, HSC will also receive a seat on the Kymeta Board of Directors.
“The objective of our investment in Kymeta is to enter the LEO satellite antenna market early on, and diversify our technology portfolio,” said Youn Chul Kim, CEO of Hanwha Systems. “With the expertise of HSC’s top-notch defense communication and radar technologies, we are joining hands with this promising U.S. satellite antenna company. All these efforts will further strengthen HSC’s aerospace systems capabilities.”
The investment follows the commercial availability of Kymeta’s next-generation antenna, terminal, and services on November 30, 2020. Kymeta offers seamless and uninterrupted mobile satellite-cellular connectivity to satisfy the overwhelming demand for communications on the move. Kymeta’s new products and services offer a breakthrough in performance, ease of use, and affordability. The company anticipates that these solutions will further enhance its position in both commercial and government markets.
“Support from HSC will help us expand our reach and drive the development and productization of our meta-material based antenna technology,” said Doug Hutcheson, Executive Chairman, Kymeta. “LEO antenna solutions will become preferred for latency-sensitive and highly mobile applications as additional LEO satellites are launched and constellations are deployed. Kymeta’s solutions work on existing GEO networks and are LEO upgradeable. We look forward to working with HSC to develop technologies and solutions that are reliable and critical for communications on the move.”
PJT Partners served as financial advisor and placement agent to Kymeta Corporation with respect to the capital raise.
About Kymeta
Kymeta is unlocking the potential of broadband satellite connectivity, combined with cellular networks, to satisfy the overwhelming demand for comms on the move and making mobile global. Lepton Global Solutions, a Kymeta company, hosts the company’s satellite connectivity solutions and offers unique, complete, and turnkey bundled solutions to the market based on best in class technologies and tailored customer-centric services that meet and exceed customer mission requirements. These solutions in tandem with the company’s flat-panel satellite antenna, the first of its kind, and Kymeta Connect™ services provide revolutionary mobile connectivity on satellite and hybrid satellite-cellular networks to customers around the world. Backed by U.S. and international patents and licenses, the Kymeta terminal addresses the need for lightweight, slim, and high-throughput communication systems that do not require mechanical components to steer toward a satellite. Kymeta makes connecting easy – for any vehicle, vessel, or fixed platform.
Kymeta is a privately held company based in Redmond, Washington.
About Hanwha Systems
HSC is a leading global solutions company providing differentiated smart technologies in defense electronics and information infrastructure. Since its founding in 1978, Hanwha Systems has significantly advanced the defense capabilities of South Korea’s military. The company has spent more than 40 years developing technologies used globally for surveillance, reconnaissance, control, communication, computer, and intelligence (C4I), naval and land.
For more information, visit kymetacorp.com.
Business Inquiries for Kymeta:
Jon Maron
Vice President of Marketing and Communications
Kymeta Corporation
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HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (NYSE: NOVA) announced today the appointment of Akbar Mohamed, President of Prime Communications, LP, the largest AT&T authorized retailer in the United States, as an independent Class III director of the Company's Board of Directors effective Wednesday, December 23rd, 2020.
“Akbar is a highly accomplished entrepreneur and leader in his field who brings to Sunnova operational and strategic horsepower,” said William J. (John) Berger, Chief Executive Officer of Sunnova. “With his in-depth understanding of the dealer model through his experience building the largest AT&T dealer business in the United States, Akbar will be an incredible addition to our Board as we continue to focus on our goal of being a customer-centric, dealer driven, and tech-enabled wireless power service provider.”
Mohamed serves as President of Prime Communications, LP, the largest AT&T authorized retailer in the U.S., a position he has held since January 2010. With direct oversight of sales leadership and retail distribution, he drives Prime’s growth strategy, which has included retail store acquisitions from AT&T and GameStop. Additionally, he established and serves as Chairman of Prime’s retail subsidiary brands, including Prime Canada, the largest Rogers’ Wireless authorized retailer. Outside of Prime, Akbar is an entrepreneur and has founded several companies, including GamesPlus, Prepaid Works and Wireless Works. Through his family office, Jumana Capital, LP, he is also an active investor in operating businesses, real estate, private equity and venture capital funds.
Before Prime, Mohamed served as an investment professional at Hicks Muse, a private equity firm in Dallas, and as a merger and acquisitions professional at Goldman Sachs. Currently, he serves as a Board of Trustee and Vice Chairman for Awty International School, and previously served on the Aga Khan Economic Planning Board as a national member and chairman of Nizari Credit Union.
He holds a bachelor’s degree in accounting and finance, summa cum laude, from the University of Illinois and is a Certified Public Accountant.
ABOUT SUNNOVA
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider, with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy, with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted™.
INVESTOR AND ANALYST CONTACT
Rodney McMahan
Sunnova Energy International Inc.
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(281) 971-3323
PRESS AND MEDIA CONTACT
Kelsey Hultberg
Sunnova Energy International Inc.
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NEW YORK--(BUSINESS WIRE)--$QQC--Paul Kim and David M. Berns, Ph.D, co-founders of Simplify Asset Management (“Simplify”) have announced the launch of four new bleeding-edge ETFs in the following areas: financial technology, pop culture and media, robotic cars and clean energy along with cloud and cybersecurity.
Details for the ETFs are now live at simplify.us/etfs.
The pace of technological disruption is faster than ever. Nimbler, tech-savvy companies are pulling ahead of slower peers in an increasingly winner-take-all market. The best firms are not just disrupting existing industries but creating brand-new ones. Firms able to deliver growth in a slow-growth world command premium valuation.
“Increased globalization, the ubiquity of broadband, greater access to capital, and the unprecedented pace of technological disruption create ‘winner take all’ dynamics in industries,” explained Kim, chief executive officer. “Winning firms are growing faster and being rewarded with rich valuations. Thematic ETFs have benefited from investor demand for greater exposure to the technology-driven winners and industries.”
Dr. Berns, chief investment officer, added, “At Simplify we are focused on first principles investing. Thematic portfolios are essentially trying to concentrate in likely winners. We try to identify firms that have important technological or cultural edges and provide meaningful concentration to their stock price. We combine concentrated stock exposure with call options to add ‘convexity.’ But because of the inherent volatility of growth stocks we also incorporate risk management, diversification and downside hedges as a way to smooth out the experience of concentrated portfolios.”
“Our thematic ETFs are designed to be an attractive alternative to watered down thematic ETFs that try to buy every company in a particular theme. We believe in concentration for upside potential,” added Kim. “We also believe concentrated, professionally managed ETFs are an attractive alternative to single stock or options for many investors.”
Prior to co-founding Simplify in September 2020, Kim was a portfolio manager and managing director at Principal Global Investors from 2015 to 2020, where he founded and led Principal’s ETF business segment. Kim has a bachelor’s degree from Dartmouth and a master’s degree in business from the Wharton School at the University of Pennsylvania.
Prior to Simplify, Dr. Berns founded Portfolio Designer, LLC, a company that specializes in portfolio design and from 2018 to 2019 he was a managing director at Nasdaq Dorsey Wright. Prior to Nasdaq Dorsey Wright, he founded and developed a company that specializes in proprietary trading. Dr. Berns is the author of Modern Asset Allocation for Wealth Management, published by Wiley Finance, and holds a Ph.D. in physics from the Massachusetts Institute of Technology in the field of quantum computation.
About the Simplify Asset Management Inc.
Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit www.simplify.us.
Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (855) 772-8488, or visit SimplifyETFs.com. Please read the prospectus carefully before you invest. An investment in the fund involves risk, including possible loss of principal. Past performance does not guarantee future results.
An investment in the fund involves risk, including possible loss of principal.
Simplify ETFs are distributed by Foreside Fund Services, LLC.
Simplify Asset Management Inc.
Alexis Cohen, 415-717-4516
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LONDON--(BUSINESS WIRE)--#GlobalOilandGasRefineryMaintenanceServicesMarket--The oil and gas refinery maintenance services market is poised to grow by USD 521.13 mn during 2020-2024 progressing at a CAGR of almost 3% during the forecast period.
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The report on the oil and gas refinery maintenance services market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by surging demand for refined fuel.
The oil and gas refinery maintenance services market analysis includes type segment and geography landscape. This study identifies the adoption of modular mini refineries as one of the prime reasons driving the oil and gas refinery maintenance services market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters
The oil and gas refinery maintenance services market covers the following areas:
Oil And Gas Refinery Maintenance Services Market Sizing
Oil And Gas Refinery Maintenance Services Market Forecast
Oil And Gas Refinery Maintenance Services Market Analysis
Companies Mentioned
Related Reports on Energy Include:
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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LONDON--(BUSINESS WIRE)--As indicated in BPC’s announcement of Thursday, 24 December 2020, on that day, at a hearing of the Court, the Honourable Justice Petra Hanna-Weekes, following her consideration of the relevant documents, refused the Applicants leave to apply for judicial review of the decision by the Government of The Bahamas in February 2020 to grant BPC Environmental Authorisation to proceed with the drilling of Perseverance #1. The application had been brought by certain environmental groups.
This ruling was made ‘on the papers’ – that is, solely on the basis of written materials provided by parties to the Court, without any parties making oral submissions.
Following that ruling, the Court also refused the Applicants’ request for a stay order (halt) to BPC’s drilling activities.
The question of whether BPC’s request to be added as an interested party to the proceedings was adjourned, as was the Applicant’s application for judicial review of more recent decisions by the Government of The Bahamas.
The lawyer acting for the environmental groups indicated that they would renew their application for leave following the refusal.
In response, and as advised in BPC’s announcement of 24 December 2020, the Honourable Justice Petra Hanna-Weekes indicated that written reasons for her ruling would be provided on or around 29 December 2020, and that there would be a further hearing on that date, but that the precise nature of that further hearing would be notified to the parties and BPC on Saturday, 26 December 2020.
Consequent to this, on 26 December 2020 the Honourable Justice Petra Hanna-Weekes advised the parties and BPC that a session of the Court will be convened on Tuesday, 29 December 2020, to hear oral arguments from the parties, limited strictly to those matters already set out in papers previously submitted to Court. BPC’s application to be added as party will be addressed at a further court hearing on 6 January 2021.
As advised, the ruling of the Court on 24 December 2020 means that drilling of the Perseverance #1 well in The Bahamas, currently underway since 20 December 2020, has continued.
BPC will provide a further update following the Court hearing on 29 December 2020.
Hugo Liddy
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TAIPEI--(BUSINESS WIRE)--With the arrival at the end of 2020 of a tanker carrying the first cargo of crude oil produced from the Chadian Oryx Concession, which CPC is managing as the operator, CPC is announcing to the world its vision to explore and produce oil and gas globally.
In the past 40 years, CPC has participated in overseas oil and gas projects through direct negotiation, bidding or joint bidding. Currently, it has joint ventures with international oil companies in a total of eight projects in six countries, including the United States, Indonesia, Chad, Niger, Ecuador, and Australia. Among them, the assets in Australia, Niger, Chad, and Ecuador have entered the production stage.
From pre-acquisition evaluation, acquisition, and exploration to oilfield development and production, the Chad’s Oryx Concession is managed entirely by CPC. This exhibits CPC’s superb capabilities in seismic survey, drilling and other technologies that are in line with industrial standards, especially in the fields of geoscience and oil well drilling. The main geological modeling technology used in the Chad exploration block is of international level, showing CPC has the ability to iexplore and develop oil and gas fields from scratch, and to export relevant technological services to other countries.
Established 74 years ago, CPC is a Taiwanese state-owned enterprise and is Taiwan’s largest energy group. CPC is responsible for ensuring the nation’s energy security, stabilizing the supply of oil and gas products, and promoting the country’s economic development. It is listed as one of the 500 largest companies in the world by Fortune magazine. It is an integrated energy group covering the upper, middle, and downstream petroleum sectors business.
Luo Tsuei-yi
886-2-5051180 ext.680
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LONDON--(BUSINESS WIRE)--#GlobalGasStationEquipmentMarket--The new gas station equipment market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.
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"One of the primary growth drivers for this market is the increased number of gas stations,” says a senior analyst for the industrials industry at Technavio. The vendors should focus on growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover, Technavio expects the gas station equipment market size to grow by USD 42.49 billion during the period 2020-2024.
Gas Station Equipment Market Segment Highlights for 2020
Regional Analysis
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TUCSON, Ariz.--(BUSINESS WIRE)--New Tucson Electric Power rates that take effect next year will expand bill-payment assistance for low-income customers while supporting the company’s investments in efficient new energy resources that help our community transition to a cleaner, greener energy grid.
The new rates, approved yesterday by the Arizona Corporation Commission (ACC), will take effect on Jan. 1, 2021. The changes are expected to increase the average monthly bill of a typical residential customer using TEP’s Basic pricing plan by approximately $5.20 compared to current bills. The actual impact will vary monthly with usage, and customers who use more energy will experience a larger increase.
The increase will help cover the cost of flexible new generating resources, more resilient energy systems and other upgrades that are already serving customers. TEP’s current rates do not reflect costs related to approximately $1.2 billion in investments made since June 2015 to update its generating portfolio and maintain reliable service for customers.
“TEP is on track to provide 30 percent of our power from renewable resources next year with rates that reflect our commitment to safe, efficient operations,” said CEO David G. Hutchens. “We’re now well-positioned to provide affordable, reliable and sustainable service for years to come.”
The new rates, originally requested more than 20 months ago, are projected to produce a revenue increase that amounts to less than 1 percent per year since TEP’s last base rate increase in February 2017.
“We’re doing everything possible to keep our service affordable as we build a smarter, stronger grid with lower emissions and more wind and solar resources,” said President and Chief Operating Officer Susan M. Gray, who will succeed Hutchens as TEP’s CEO on Jan. 1, 2021.
The new rates provide more assistance to low-income customers through TEP’s Lifeline program. Monthly discounts will increase from $15 to $18 and will be available to families with household income up to 200 percent of the federal poverty level – an increase from the previous 150-percent cap that was approved by the ACC earlier in December.
The expanded assistance program could provide supplemental support for customers whose income has been affected by the coronavirus pandemic. TEP and sister company UniSource Energy Services have donated $1M this year for local COVID-19 relief efforts and bill payment assistance. TEP also suspended service disconnections and late fees through Dec. 31, created extended payment plans for overdue balances and delayed implementation of an energy cost increase. More information about TEP’s customer assistance during the pandemic is available at tep.com/covid-19.
Building a Cleaner, Greener Grid
The new rates will help cover the cost of clean, flexible reciprocating internal combustion engines that became operational this year at the H. Wilson Sundt Generating Station in Tucson. With a combined capacity of 182 MW, these efficient natural gas-fueled units have replaced two older steam-fired units, reduced emissions and water use while supporting the addition of new wind and solar resources.
TEP’s new rates also reflect the cost of purchasing a second unit at the natural gas-fired Gila River Generating Station in 2019. The unit will replace more than 500 MW of capacity at the coal-fired Navajo Generating Station, which was retired in 2019, and the San Juan Generating Station, scheduled to retire in 2022.
The unit’s cost will be partly offset by long-term fuel and operating cost reductions. Replacing the output of San Juan and Navajo with power from Gila River Unit 2 will save TEP customers nearly $75 million annually. TEP also saved an estimated $83 million by purchasing the unit from Salt River Project instead of remaining in a long-term agreement to purchase its output.
The new generating resources support TEP’s plan to provide more than 70 percent of its power from renewable resources as part of a cleaner energy portfolio that will reduce carbon emissions 80 percent by 2035. These changes, outlined in TEP’s 2020 Integrated Resource Plan, will avoid the production of more than 50 million tons of carbon dioxide over the next 15 years – equivalent to taking three-quarters of a million cars off the road.
Controlling Costs, Serving Customers’ Needs
TEP works diligently to keep costs low by carefully managing operations and maintenance expenses while seeking new efficiencies. For example, the company is converting all of its dusk-to-dawn streetlights to use LEDs to reduce maintenance costs and provide higher-quality lighting. Transmission crews also have adopted new work practices allowing them to perform maintenance on high voltage lines without the need for line outages, which reduces operations and maintenance costs.
The new rates include the cost of transmission and distribution systems upgrades needed to serve Tucson’s expanding population and changing energy needs while supporting economic growth. TEP’s energy grid has accommodated record peak energy demands and thousands of new customers while improving its already strong reliability. The average number and duration of power outages has dropped over the past three and a half years, ranking TEP among the most reliable electric utilities in North America, according to the Edison Electric Institute, an electric industry association.
TEP also has worked to improve its customers’ experience with new online options and more responsive service. Customer phone wait times were reduced by more than 50 percent in 2018, and TEP’s Customer Care Center now offers translation services in more than 200 languages.
The new rates also include an updated economic development incentive, an expansion of TEP’s GoSolar Shares program for large commercial and industrial customers and other changes. For more details, visit tep.com/new-rates.
Consideration for Communities Impacted by Power Plant Closures
The ACC also voted to consider possible assistance for Native American tribes and other local communities impacted by the retirement of coal-fired power plants, a step supported by TEP.
“Our transition to cleaner, less carbon-intensive resources should include investments in the sustainable economic growth of the communities that have supported our generating operations,” Gray said.
Stakeholders in that proceeding will include tribal representatives, local community leaders, TEP and Arizona Public Service (APS), which has proposed addressing transition expenses in its pending rate request. The ACC left TEP’s rate case docket “open” to allow any transition-related charges to be incorporated in future rates.
TEP provides safe, reliable electric service to approximately 432,000 customers in Southern Arizona. For more information, visit tep.com. TEP and its parent company, UNS Energy, are subsidiaries of Fortis Inc. (TSX/NYSE: FTS), which owns utilities that serve more than 3 million customers across Canada and in the United States and the Caribbean. For more information, visit fortisinc.com.
Rhonda Bodfield, (520) 237-0075, This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#GlobalDieselRotaryUPSDRUPSMarket--The diesel rotary UPS (DRUPS) market is expected to grow by USD 25.76 million, progressing at a CAGR of over 2% during the forecast period.
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The rapid growth in the construction of data centers is one of the major factors propelling market growth. However, factors such as the environmental impact of DRUPS will hamper market growth.
More details: https://www.technavio.com/report/diesel-rotary-ups-market-industry-analysis
Diesel Rotary UPS (DRUPS) Market: Type Landscape
Based on the type, the 1000-2000 kVA segment saw maximum growth in 2019. Factors such as greater energy efficiency are driving the market segment. The growth in this segment will be significant during the forecast period.
Diesel Rotary UPS (DRUPS) Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 39% of the market’s overall growth is expected to originate from APAC. China and Japan are the key markets for diesel rotary UPS in APAC. are the key markets for diesel rotary UPS (DRUPS) in APAC.
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Companies Covered:
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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LONDON--(BUSINESS WIRE)--#UnconventionalGasMarket--The unconventional gas market is expected to grow by USD 41.76 billion, progressing at a CAGR of almost 7% during the forecast period.
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The abundance of unconventional gas resources is one of the major factors propelling market growth. However, factors such as the growing adoption of renewable energy will hamper the market growth.
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Unconventional Gas Market: Type Landscape
Based on the type landscape, the shale gas segment is expected to post significant growth during the forecast period.
Unconventional Gas Market: Geographic Landscape
By geography, America is going to have a lucrative growth during the forecast period. About 87% of the market’s overall growth is expected to originate from the Americas. The US and Canada are the key markets for Unconventional Gas in the Americas.
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Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
PART 16: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
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TAIPEI, Taiwan--(BUSINESS WIRE)--At the end of 2020, a tanker carrying the first cargo of crude oil produced from the Chadian Oryx Concession operated by CPC Corporation, Taiwan (CPC) arrived in Taiwan, demonstrating CPC’s expertise and capabilities in managing the exploration, development and production of oil and gas reserves overseas. With this milestone achievement, CPC is announcing its vision to explore and produce oil and gas globally.
As Taiwan’s state-owned enterprise and the largest energy group, CPC is responsible for ensuring the nation’s energy security, supplying oil and gas, stabilizing prices, and securing the sustainable development of the national economy and people’s livelihood, as well as promoting economic development. At the same time, it continues to foster an international outlook. Currently, it has exploration cooperation agreements with international oil companies in a total of eight blocks in six countries, including the United States, Indonesia, Chad, Niger, Ecuador, and Australia. Among them, the assets of Australia, Niger, Chad, and Ecuador are in production phase.
Guided by Taiwan’s New Southbound Policy, CPC is also seeking opportunities for oil and gas joint venture projects in Southeast Asian countries, and is studying and assessing whether Indonesia, Malaysia, Myanmar and other countries have suitable oil and gas potential areas for further foreign investment. On the other hand, it is also actively considering acquiring U.S. shale assets through joint ventures or mergers and acquisitions.
Established 74 years ago, CPC is listed as one of the 500 largest companies in the world by Fortune magazine. It is an integrated energy group covering the upper, middle, and downstream petroleum sectors business.
Luo Tsuei-yi
886-2-5051180 ext.680
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DUBLIN--(BUSINESS WIRE)--The "Building Integrated Photovoltaics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global building integrated photovoltaics market grew at a CAGR of around 20% during 2014-2019. Looking forward, the publisher expects the market to continue its strong growth during the next five years.
Building-integrated photovoltaics (BIPVs) refer to the solar power generating components that are used in constructing facades, roofs, and skylights in buildings. Generally, these components include the integration of photovoltaic modules, backup power supply system, charge controller, power storage system, and other supporting hardware. BIPV materials offer several benefits over their traditional counterparts as they provide onsite power generation, zero emissions, high energy conservation, superior architectural integration, and optimal shading. In addition to this, BIPVs also help in reducing labor and installation costs by replacing high-end roof membranes, skylight glazing, facade cladding, etc. Owing to these benefits, building integrated photovoltaic materials are widely installed across commercial, residential, and industrial sectors.
The increasing demand for building integrated photovoltaic materials can be attributed to the rising integration of solar energy solutions in commercial infrastructures for architectural optimization and energy conservation. Moreover, growing environmental concerns towards the depleting non-renewable power resources, such as oil, coal, etc., have further bolstered the demand for solar power generation. Additionally, rapid modernization in the construction and building sector along with the increasing focus on clean energy has fueled the demand for green or zero- emission buildings.
Furthermore, the growing consumer awareness towards several ecological benefits of BIPV has resulted in the rising adoption of solar energy harnessing systems in the residential sector. Apart from this, implementation of favorable government policies supported by several initiatives for promoting the need for reducing carbon footprints have also catalyzed the demand for building-integrated photovoltaics on a global level. Furthermore, the increasing demand for BIPV components in the developed regions, such as North America and Europe, is primarily driven by the supporting infrastructural developments in the form of optimum grid-parity of photovoltaic solutions supported by several financial incentives offered by regional governments.
On the other hand, several emerging economies, such as India, China, Vietnam, etc., are experiencing high product demand due to the reduced solar installation costs and wide availability of BIPV materials across these countries. Moreover, various technological advancements coupled with the increasing penetration of wireless connectivity have led to the introduction of automated BIPV components, thereby bolstering the market growth. Additionally, rising investments in several R&D activities for the superior integration of advanced module technologies are also driving the product demand.
Companies Mentioned
Key Questions Answered in this Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Building Integrated Photovoltaics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6. 1 Polycrystalline
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Thin Film
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Other
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Roof
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Facade
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Glass
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Other
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End-use
8.1 Commercial
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Residential
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 Europe
9.2 North America
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/l4lvzz
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--BPC advises that the Supreme Court of The Bahamas has issued a ruling refusing leave in relation to an application for an extension of time to apply for Judicial Review of the decision by the Government of The Bahamas to grant BPC Environmental Authorisation to proceed with the drilling of Perseverance #1, and an associated stay of BPC’s activities. The Application was brought by environmental activists against the Government of The Bahamas.
The Court has indicated that written reasons for this ruling will be provided on or around 29 December 2020, and that there will be a further hearing on that date. The precise nature of the further hearing will be notified to the parties and BPC on 26 December 2020.
The ruling of the Court means that progress of drilling of the Perseverance #1 well in The Bahamas can continue unimpeded. As previously advised drilling of the well commenced on 20 December 2020, and is expected to be completed within 45-60 days of commencement, targeting P50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels.
Hugo Liddy
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HERZLIYA, Israel--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy, announced today the appointment of Yogev Barak as Chief Marketing Officer of SolarEdge and the appointment of SehWoong Jeong as Chief Executive Officer of its subsidiary, Kokam.
Mr. Barak brings to SolarEdge over twenty-five years of experience in international marketing and B2B product management, including executive management positions at HP and Applied Materials. In his most recent role, Mr. Barak served as the Head of Strategy, Marketing, Products and Business Management at HP Indigo. He holds a B.Sc. in Electrical Engineering from Tel Aviv University.
Mr. Jeong is an industry veteran with more than two decades of experience of leadership positions in Samsung Electronics. Prior to joining SolarEdge, he served as General Manager & Executive Vice President for Automotive Batteries and ESS at Samsung SDI, leading a successful, large scale lithium-ion battery and Energy Storage Systems (ESS) business. Mr. Jeong holds a Ph.D. in Electrical and Computer Engineering from University of Colorado at Boulder, US and a M.S. in Electrical Engineering from Korea Advanced Institute of Science and Technology (KAIST), Korea.
“I am excited to have Yogev and SehWoong join our senior management team and I am confident the leadership and industry experience they bring will help us continue to grow in the solar market and new segments we are addressing,” said Zvi Lando, CEO of SolarEdge Technologies, Inc.
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions. SolarEdge is online at solaredge.com
SolarEdge Technologies
Lily Salkin
Public and Media Relations
+972-522028240
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DUBLIN--(BUSINESS WIRE)--The "Geosteering Services Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Geosteering services market is expected to grow at a CAGR of more than 3% over the period of 2020-2025.
Factors such as an increase in the complexity of wellbore due to increased depth and use of multiple horizontal wells, increasing the number of rigs, and rising production of natural gas is expected to drive the market. However, the volatility of crude oil and natural gas is expected to restrain the market's growth.
Companies Mentioned
Key Market Trends
Rotary Steerable System to Witness Growth
Having better surface control through the rotary steerable system may allow more maneuverability to geosteer through complex geology, minimize seismic uncertainty, and make informed geosteeering decisions to place your wells in the specific zones. This provides real-time control and insight to help enhance zonal understanding and get the most out of the well at the lowest cost. Aiding the growth of the oil and gas production increase the company's reliability of the geosteering services market.
North America to Dominate the Market
North America region is among the largest geosteering services market and is expected to continue its dominance in the coming years. The region consists of major oil and gas oil production basins in the world, which provide fertile ground for further growth in the industry.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD Billion, till 2025
4.3 Crude Oil Production and Consumption Forecast, in thousands barrels per day, till 2025
4.4 Natural Gas Production and Consumption Forecast, in billion cubic feet per day, till 2025
4.5 Recent Trends and Developments
4.6 Government Policies and Regulations
4.7 Market Dynamics
4.7.1 Drivers
4.7.2 Restraints
4.8 Supply Chain Analysis
4.9 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Equipment
5.1.1 LWD Tools and Technologies
5.1.2 MWD Tools and Technologies
5.1.3 Rotary Steerable Systems
5.1.4 Drive Systems
5.1.5 3D Seismic Model
5.1.6 Others
5.2 Geography
5.2.1 North America
5.2.2 Asia-Pacific
5.2.3 Europe
5.2.4 South America
5.2.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/52y1no
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#GlobalSubmarineFiberCableMarket--Technavio estimates the global submarine fiber cable market to grow by USD 4.34 billion, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by the rising demand for higher bandwidth. However, fiber damage caused by human activities and fish attacks might challenge growth.
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Submarine Fiber Cable Market: Investment Source Landscape
Based on the investment source, the market witnessed maximum growth in the consortia. The segment is driven by rising investments in consortia globally. The market growth in the segment will be significant over the forecast period.
Submarine Fiber Cable Market: Geography Landscape
48% of the market’s growth originated from Europe in 2019. Factors such as rising demand for connectivity, growing necessity for faster Internet services, rapid urbanization, and development of frameworks by the European Commission are fueling the growth of the submarine fiber cable market in Europe.
Italy and Finland are the key markets for submarine fiber cable in Europe. Market growth in this region will be slower than the growth of the market in APAC and North America.
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Major Three Submarine fiber cable Market Vendors:
Alcatel Submarine Networks Ltd.
Alcatel Submarine Networks Ltd. offers OALC optical fiber cable (with vault structure) and has more than 600,000 km of submarine networks cable laid, globally.
Corning Inc.
Corning Inc. operates its business through segments such as Display Technologies, Optical Communications, Specialty Materials, Environmental Technologies, Life Sciences, and All Others. The company offers submarine fiber cable under the brand Corning and Vascade fibers which are used in advanced submarine transmission systems ranging from short unrepeatered to very long repeated transoceanic links.
Hexatronic Group AB
Hexatronic Group AB operates its business through segments such as Products and Solutions. The company offers light-weight and high-quality single-, and double armoured submarine fiber cables, which are designed for repeatered and unrepeatered systems.
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