Natural Gas a Necessary Fit with Solar, Wind

Natural gas

Vital energy companies and utilities see the economic and environmental importance of collateral enhancement of clean and well organized natural gas generation and random renewable solar and wind resources. They are in business to encounter their customers’ wants in ways steady with both public policy and shareholder attentiveness. They are not opposed to renewable energy but sensible about its irregular and their commitment to customers.

New England already has the excessive electricity costs in the nation. The region’s wealth, competitiveness and environment are harmful even more from recent energy price point brought on by wintry weather and natural-gas pipeline limitations. The region was hit with more than $7 billion in bigger energy prices during the polar vortex of 2013/2014. The whole cost this year will likely be bigger.

The desire of supplying energy from “100 percent renewables” is just that, a hope. For now, tracking of generation from intermittent renewables and from highly coherent natural-gas power plants is steady with achieving environmental, energy supply and economic competitiveness goals.

That’s how extensive energy companies and utilities in New England see it. And unlike advocacy groups, those companies are literally accountable to customers, regulators and shareholders for production and outcomes.

Local utilities are no identical. They know government inducement favor renewables today but they also identify that they are a customer’s “provider of last resort.” A key commitment for today’s utilities is to find ways of make sure that cost-effective energy is accessible to encounter customer wants, even at periods of peak demand during extreme weather.

In New England, ever source is erection large-scale solar projects and has a goal of manufacturing 2,000 megawatts of offshore wind generation in the next few years. And National Grid is planning 19 large-scale solar installations. Both utilities identify that meeting their commitment requires around-the-clock service at elevated levels of reliability, and that means unite intermittent resources with resources that can fill a space at any time.

Numerous studies and experience in California reveal that developing natural-gas pipeline power stabilizes the wholesale price of gas.
Energy and utility companies are not the rival. Non-intervention that continues to separate New England from better access to low cost natural gas furnish in nearby states is.

Bruno Miller is a chief editor at MarketPRNews. He has 13 + years of experience in Content Writing & blogging. His hobbies are Travelling, Reading and learning new things.

Five of the Biggest Planned Renewable Energy Projects in the World

renewable energy projects

As renewable energy is no longer mark as an opening technology, countries and energy companies have begin on a race to influence the world with majestic clean energy projects of all kinds and indicate their true future.

Few projects are created to meet expand national energy require in the wake of phasing out fossil fuel power plants. Others are pursued to use a country’s ruthless benefit and generate energy transport chance. The attractiveness of renewable energy sources is that they can change the world energy landscape, and give prestige to the new ‘energy transporters’.

Here are some of the world’s biggest advance renewable energy projects which reveal that the energy transformation is well underway and renewable energy is nothing but the time ahead.

The TuNur project- 4,000 MW solar: Tunisia
TuNur is a solar power project in Tunisia focus to utilize the country’s ruthless benefit in solar radiation and available space to power Europe. TuNur Ltd already classify an appeal to the Tunisian Ministry of Energy, Mines and Renewable Energy for permission to construct the project last July. If everything goes well, the first phase could be running by 2020.

Asian renewable energy hub (AREH) – 6,000 MW solar/wind: Australia
Recently, an international consortium of energy organization has presented its plans to transport massive amounts of solar and wind energy from Western Australia to Southeast Asia through Indonesia and Singapore.
The mixed-breed power plant would be increase over 14,000 square km in flat desert land on the Northwest coast of Australia. It would incorporate roughly 1,200 wind turbines impart by Vestas, and 10 million solar panels with an aggregated potential of 6,000 megawatts (MW).

Grand Inga hydroelectric project- 40,000 MW hydro: DR Congo
The Grand Inga Project is the world’s biggest suggest hydropower plan, Situated in the Democratic Republic of the Congo. After completion, it will be double the volume of the Three Gorges Dam in China, which is 22,500 MW and currently holds the record. The suggested location is on the Congo River, the world’s second biggest river in terms of flow which due to its situation close to the equator gives an outstanding source of hydropower.

Tidal Lagoon Cardiff- 3,400 MW tidal: Wales, UK
Tidal Lagoon Power (TLP) is the power project developer for this creative renewable energy project to be situated in between Cardiff and Newport. Once completed, the project will be allowed to supply electricity to every single household in Wales, which is more than 3 million people, by only utilizing the powerful tides of the UK’s west coast.
The project will contain of around 108 tidal inlet turbines. For its completion, it is approximate that more than £8 billion will be needed.

Gansu wind farm project- 10,000 MW wind: China
The Jiuquan Wind Power Base, also called Gansu Wind Farm Project, was endorse by the Chinese Government in 2008 and incorporate China’s aspiration to become a global leader in renewable energy. It contains a series of large wind farms either in operation, under construction or planned, situated in the western Gansu region in China.
The project will be finished in some phases. Currently, at an establish volume of more than 6,000 MW, Gansu Wind Farm is already examining the largest wind farm in the world. The focus is to increase to a total of 10,000 MW, necessitated speculation of $16 billion.

Bruno Miller is a chief editor at MarketPRNews. He has 13 + years of experience in Content Writing & blogging. His hobbies are Travelling, Reading and learning new things.

Accelerating Africa’s Energy Transition

Accelerating Africa’s energy transition

PARIS: For much of Africa, the change from fossil fuels to cleaner forms of energy is an environmental crucial. With fossil fuels contain a most of the energy mix, the condition on the continent is ecologically terrible.

But Africa’s energy transformation is economically urgent as well. Each year, oil allowance gobble 1.5 per cent of the continent’s GDP approximately US$50 billion. That is sufficient money to supply solar power to some 300 million people. If the continent could rebalance its energy portfolio, moving away from hydrocarbons slowly, those allowance could be reassigning in ways that would produce both environmental and economic importance.

Today, neither oil exporters nor importers are suitably cover from price shocks. When oil prices reduce quickly in 2015, for example, Africa’s energy importers exhausted less on oil, while exporting countries suffered financially. When prices bounce, the relationship switched: energy-exporting countries revenues inched up, while importing countries fight to sustain utilization levels.

This is an inessential cycle. Combining cleaner power into national energy systems would not only lift local capacities; it would also free up hydrocarbons for export. The ensuing revenue could then be spending into new forms of greener power. Such a transformation, which would have needed co-operation with the oil sector, assurance to boost socioeconomic progress.

Among the largest importance would be the electrification of areas that, under current distribution systems, are faithfully in the dark. Today, just 30 per cent of Africa has entrance to dependable electricity. But, with a total capacity approximate at around ten terawatts, put solar capacity in Africa could broaden access dramatically. In fact, according to, the increase in solar generation by 2030 could range from 15 to 62 gigawatts.

An energy mix that incorporate a notable growth in solar power would have major economic benefits for Africa, particularly in areas where agriculture is the biggest economic sector.

In the pilot to re-balance Africa’s energy mix, the continent sustains one critical benefit over expand economies: a clean slate. The respective unavailability of heritage speculation is the principal reason why green power is Africa’s best energy option.

The best way to speed up the transformation from hydrocarbons to greener forms of energy would be to divert a part of national oil contribution to renewables. This would generate stronger motivation to decrease fossil-fuel consumption, while inspiring speculation and development in green-energy output.

This may sound like an unbearable association. But as policymakers across the continent pursue to assured sufficient contribute of clean energy to make sure rapid, comprehensive economic development and environmental sustainability, they are likely to find that there is no substitute. Co-operation between old and new energy industries may be the only engine that is have an ability of powering Africa forward.

Bruno Miller is a chief editor at MarketPRNews. He has 13 + years of experience in Content Writing & blogging. His hobbies are Travelling, Reading and learning new things.

Hydroelectric Power Goes Digital

Hydroelectric Power Goes Digital

Transformations in hydropower efficiency are move suddenly into the digital area to meet rising energy demands. Digitisation innovations are changing the way in which hydropower plants will be operated and maintained in the future.

The trend towards improving digitisation in hydropower through its knowledge-building programme is closely observe by IHA. According to the International Hydropower Association (IHA), by 2030, over half of the world’s hydropower plants are expected to need upgrade and modernisation or have already been renovated.

Last month in Addis Ababa, at a meeting of the African Union’s Specialised Technical Committee on Communication and ICT Ministers concluded that “digitisation is the appreciable moment for Africa to operate the fundamental changes of the world in the 21st century, if wisely harnessed and mainstreamed”.

In the digitization of hydropower sector, control systems and surrounding networks is a developing industry trend towards optimizing asset management and performance. The total outcome will be an increase in output, reduction in costs and expansion of hydropower abilities.

Equipment manufacturers are holding digitization to widen their scope of services. Digital control systems and software can play a key role in enhancing decision-making and supporting hydro operations to work more effectively with other renewable technologies.

Electric utilities will spend $90 billion executing digital technologies, by 2020. The digital innovation of hydro-power is a wide trend with the potential to positive impact power networks around the world.

The first power generation technology is investing in the digital revolution of the twenty-first century. The global outstretch of legacy hydro-power infrastructure and a century of operating experience have put hydro-power to enlarge its condemnatory role in digitally innovative power networks of the future. As expected, powered by new hydro-power transformations such as digital technologies, the International Energy Agency (IEA) expects hydro-power output to double by 2050.

Bruno Miller is a chief editor at MarketPRNews. He has 13 + years of experience in Content Writing & blogging. His hobbies are Travelling, Reading and learning new things.

Now Germans Get Paid To Use Power

Now Germans Get Paid To Use Power

Germany hit an incredible new high in renewable energy generation at the weekend – pushing power prices into the negative and assured to pay customers to use electricity.

In total, 87% of the power consumed in Germany was made around midday the country’s wind, solar, hydro and biomass plants, according to a report by Quartz. The average percentage last year was 33%.

In last year, Germany’s renewable energy mix was 33% and is hoping to be on 100% renewable energy by 2050.

Over the last few year, Germany has spent in renewable power mainly wind and solar over $200 billion. The country’s power plants deliver more electricity into the grid, when demand for electricity is low on weekends that time major factories and offices are closed or when the weather is unseasonably sunny.

When amounts of wind generation are high, Germany’s grid operative engineer can struggle to maintain the balance between electricity consumed by people and how much electricity is being generated. Negative prices mean that manufacturer must either shut down power to decrease supply or pay customer to take the electricity off the grid.

On weekends and holidays, demand for power supply is low. About 12 percent of Germany’s power is produced by giant spinning turbines. Wind power is mostly dependent on changing in weather pattern but on windy days, electricity can produce several times than produced by the giant spinning turbines.

Several countries in Europe including Belgium, Britain, France, the Netherlands and Switzerland have experienced negative power prices. Germany’s incursion into negative pricing is the most recurrent. Germany had so much renewable energy and it is in a condition to transport its excessive amount of electricity to its neighbors, helping to balance the market. Still, Germany experiences of negative prices are repeatedly longer, and deeper, than other countries negative pricing.

Bruno Miller is a chief editor at MarketPRNews. He has 13 + years of experience in Content Writing & blogging. His hobbies are Travelling, Reading and learning new things.

Novatek to Launch Yamal LNG on Dec 8 in Russia

Novatek to Launch Yamal LNG on Dec 8 in Russia

Russia on Tuesday started out production at its 2nd liquefied natural gasoline plant, Yamal LNG, with the aim of shipping the primary shipment on 8 Dec from the faraway Arctic port of Sabetta.

Russia’s No.2 gas manufacturer Novatek owns a 50.1 % stake in Yamal LNG. France’s general and China countrywide Petroleum Corp each manage 20 percent, whilst China’s Silk street Fund owns 9.9 percentage.

Russia, searching for to supply greater than 70 million tonnes of LNG in line with yr in its remote Arctic areas, for now has simply one operational LNG facility, run by means of Gazprom and co-owned with Shell on the Pacific island of Sakhalin.

Novatek said the primary teach was for 5.5 million tonnes of fuel to be added 12 months round to Asian and European markets via the Arctic Ocean with ice-elegance tankers used. The general capacity is about to reach 17.five million tonnes with the ultimate train of the undertaking starting operation by way of the end of 2019.

Chinese banks put up greater than $12 billion in financing in April at the same time as the challenge also has the backing of Russian and European banks and the Russia’s countrywide Wealth Fund, one of the us of a’s sovereign wealth funds.

Chief monetary Officer Mark Gyetvay informed Reuters in an interview in 2016 that Yamal’s prices – extraction, liquefaction and delivery – had been anticipated at approximately $three consistent with million British thermal units (mmBtu), a measure used to calculate LNG expenses.

The Yamal LNG consortium sees Asia as the most important market for its gasoline inside a long time. Shipments to China from Yamal must take about 18 days using the Northern Sea route down via the Bering Strait that separates Russia from Alaska.

President Vladimir Putin has stated in advance the Northern Sea direction could allow Russia to turn out to be the sector’s biggest LNG producer. (Writing with the aid of Denis Pinchuk; editing by David Evans)

Bruno Miller is a chief editor at MarketPRNews. He has 13 + years of experience in Content Writing & blogging. His hobbies are Travelling, Reading and learning new things.

Concentrating Solar Power Market To Gain From Increasing Awareness About Renewable Energy Along With Government Regulations To Control Growing Carbon Footprint Till 2025

grandviewresearch

The global concentrated solar power market is predicted to reach USD 8.92 billion by 2025, according to a new report by Grand View Research, Inc. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is further propelling the market growth.

Increasing clean energy adoption over non-renewable fuels is expected to drive the global concentrated solar power over the forecast timeframe. Favourable government regulations towards reduction of carbon footprint and greenhouse gas (GHG) emissions will further enhance the business growth.

Growing electricity demand along with rising investments to augment the efficiency index will provide an impetus to the concentrated solar power market growth. The Federal Government sponsored USD 9 million towards the research and development of six new CSP projects in the country, to reduce the total project costs though technological growth.

Substantial reduction in the component costs along with supportive government incentives like energy certificates, and carbon credits will expand the concentrated solar power market over the forecast period. Regulators around the world have been encouraging grid integration, making it an affordable alternative compared to non-renewable energy sources.

Concentrating Solar Power technology can store solar energy in the form of heat, even post sunset, which is perceived as the greatest advantage that it offers over all the other competing technologies. Reliable power supply coupled with flexibility in usage assist in bridging the demand supply deficit, currently faced by nations especially in the developing world. However, CSP technology is capital intensive as compared to other solar thermal technologies, as this may prove to be a restraint for the its adoption over the forecast period.

In terms of technology, the parabolic trough technology held over 75% of the global concentrated solar power market share in 2016. Matured technology coupled with affordable costs as compared to other forms of available systems will positively influence the growth of the concentrating solar power market over the forecast period. Power tower technology was valued over USD 955.5 million by 2025. Enhanced heat storage ability, higher efficiency, and favourable capacity factor will augment the business growth.

Further key findings from the report suggest

  • The U.S. concentrated solar power market, in terms of value, will witness growth of over 18.9% over the forecast period. Favourable government initiatives like tax credits, installation cost subsidies among other benefits will augment the business growth.
  • In Morocco, climatic conditions are favourable to the growth of CSP technology adoption, in tandem with the existing pipeline projects. Morocco concentrating solar power market is expected to exceed USD 852.2 million over the forecast period.
  • Spain concentrated solar power market size is set to exceed USD 1.22 billion by 2025. Spain is the market leader with the maximum installed capacity in the world as of year 2017.

Grand View Research has segmented the global CSP market on the basis of product and region:

Technology Outlook (Volume, Megawatts, 2014 – 2025) (Revenue, USD Million, 2014 – 2025)

  • Parabolic Trough
  • Linear Fresnel
  • Dish
  • Power Tower

Application Type Outlook (Volume, Megawatts, 2014 – 2025) (Revenue, USD Million, 2014 – 2025)

  • Utilities
  • Enhanced Oil Recovery
  • Desalination
  • Others

Regional Outlook (Volume, Megawatts, 2014 – 2025) (Revenue, USD Million, 2014 – 2025)

  • North America
    • S.
  • Europe
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Morocco
    • Algeria
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

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.

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.

Organic Food Additives Market: Survey, Trends, Outlook, Overview and 2023 Forecast

Organic Food Additives Market Research Report- Forecast to 2023

The global organic food additives market is increasing due to food and beverages industry. With the growing consumer awareness and their increasing interest in healthy lifestyle, the demand for organic food additives has increased recently. In addition to the changing lifestyle, the growing demand for natural and dietary food, beverages, confectionery, and others is expected to drive the organic food additives market. The global organic food additives market is projected to be propelled by the increasing awareness regarding available health benefits from the organic food additives. Increased awareness about the organic food additives has raised the bar for quality, which, in turn, increase the market share of organic food additives globally. Mass market penetration is leading to the introduction of new products based out of organic food additives and their retail across various regions. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has fueled up the share of organic food additives in the global market. High nutritional benefits obtained from organic food additives are also supporting the sale of organic food additives globally. Additionally, the enhancement of the product development coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the organic food additives market during the forecast period 2017-2023.

Market Segmentation

The global organic food additives market is segmented on the basis of product type, such as flavoring agent, antioxidants, nutrition enhancer, colorants, sweeteners, emulsifiers, acidity regulators, and others. Among these, flavors agents dominate the market followed by sweetener due to different demand for flavors and sugar substitutes, respectively.

On the basis of nutrients, this market is segmented into minerals, vitamins, phytonutrients, and others. High nutritious attributes have helped in increasing the market for organic food additives.

On the basis of packaging, this market is segmented into sachet, bulk, bag, mason jar, bottle, drum, box, and others.

On the basis of application, this market is segmented into dairy, bakery, confectionery, beverages, and others. Organic food additives is being used as a beneficial alternative to food additives for bakery products, food products and beverages which is increasing its demand globally.

Yogesh Rane is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Sugar Alternative Market Market Global Sales, Consumption, Demand and Forecast 2023.

Market Research Future published a half cooked research report on global sugar alternative market which is estimated to grow at a CAGR of 4.65% after 2023.

Market Overview

Sugar alternative is considered to be as food additives or ingredients which are massively used in the food and beverages. Sugar alternative provides a sweet taste like sugar. Sugar alternative offers less energy as compare to the sugar. Sugar alternative comes in various forms such as powder & cube and other various forms. Sugar alternative enhances the shelf life of the prepared food which is considered to be one of the significant reasons of the rising growth of sugar alternative.

Market Forecast

The global sugar alternative market is witnessing an impressive growth over the last few years. With the changing lifestyle and evolving dietary patterns, convenience food plays an important role in defining the consumers’ food choices in the modern world. Sugar alternative is one of the important components in the food manufacturing process. One of the significant reasons of the rising growth of sugar alternative is the mounting growth of various beverages. Beverages are gaining traction both in the developed and developing economies. Due to the increasing population coupled with the rising per capita disposable income is anticipated to fuel the sales of beverages. Apart from that, factors such as changing lifestyle rising women workforce, and increasing demand of convenience products are anticipated to be vital reasons for increasing demand of beverages which is anticipated to fuel the overall growth of sugar alternative. Sugar alternative is massively used in the bakery & confectionery products, dairy products, and various frozen food which will aid to upsurge the sales of sugar alternative during the forecast period of 2017-2023. Also, one of the recent trends which is gaining traction among the consumers is the rising growth of natural sugar substitute products.

Global sugar alternative market is highly concentrated in North America. Asia Pacific has massive potential for sugar alternative, as there is an increasing awareness regarding healthy food habits along with new product developments by the key players in the sugar alternative market.

 

Regional Analysis

The global sugar alternative market is segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW). Among these, North America region is expected to retain its dominance throughout the forecast period. This is attributed by the rising health awareness among the consumers coupled with the new product development by the key players. Asia Pacific region is projected to register highest CAGR during the forecast period of 2017-2023. Among the Asia Pacific countries, China & India is estimated to account for half of the market proportion of Asia Pacific sugar alternative market. The number of patient is significantly increasing over the last couple of years which is anticipated to boost the sales of sugar alternative.

Segments

Sugar alternatives have been segmented on the basis of type which comprises of high fructose syrup, high intensity sweeteners, and low intensity sweeteners. High intensity sweeteners have been further segmented into Stevia, Aspertame, Cyclamate, Sucralose, Saccharin, Ace-K and others. Low intensity sweeteners have been further segmented into D-Tagatose, Sorbitol, Xylitol, Maltitol and others.

Sugar alternative market has been segmented on the basis of application, which comprises of food, beverages, cosmetic & personal care and others. Food segment has been further segmented into dairy, bakery & confectionery, frozen and others.

Sugar Alternative market has been segmented on the basis of distribution channel such as store based and non-store based. Store based distribution channel has been further segmented into supermarkets & hypermarkets, convenience stores, specialist retailers and others.

  1. Executive Summary
  2. Market Introduction 2.1 Definition

2.2 Scope of the study

2.2.1 Research Objectives

2.2.2 Assumptions

2.2.3 Limitations

2.3 Markets Structure

2.4 Stakeholders

  1. Research methodology
  • 1 Research application
  • 2 Secondary research
  • 3 Primary research
  • 4 Forecast model
  • 5 Market Size estimation
  • 4 MARKET DYNAMICS
    • 1 Drivers
    • 2 Restraints
    • 3 Opportunities
    • 4 Challenges

5    MARKET TRENDS

  • 1 Trends in Supply/Applicationion
  • 2 Trends in Demand/Consumption
  • 3 Emerging Markets (Supply & Demand)
  • 4 Emerging Brands
  • 5 Trade (Import-export) Analysis

5.6 Innovations in Applications/application

  • 7 Macroeconomic indicators Analysis for top 5 Producing countries

CONTINUED……………………………………………………………….

Yogesh Rane is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.

Motion Control Market: Metal Cutting Application to Generate Significant Revenues through 2026

Growing need for faster production process of electronic products has led to an upsurge in demand for motion control systems globally. In addition, surge in demand for intelligent technology is expected to impact growth of the global market positively. Fact.MR states that the global motion control market is expected to reflect a CAGR of 5.0% over the forecast period, 2017-2026.

Factors Fuelling Global Market Growth     

Growth of the global motion control systems market is mainly bound to various macro-economic and micro-economic factors. Increasing production of the electronic products will continue to rev up demand for the motion control systems in various industries. As manufacturing process of electronics and automotive products require accuracy and precision while controlling various parts of the manufacturing machines, manufacturers are increasingly adopting leading technology that offering distributed intelligence. Moreover, adoption of smart motion controllers has led to low cost of production and faster manufacturing process. Surge in demand for cost-effective technique and speedy process of manufacturing is projected to impact growth of the global market positively.

Demand for stacking, bottling, labelling, packaging and laser cutting increase, manufacturers are focusing on adopting motion controllers equipped with the smart actuators. With the increasing adoption of motion controllers equipped with smart actuators enables automated and convenient production process of the automotive and electronic products. The motion controllers also witness significant demand for the production of gaming equipment. Growing need for the handheld hardware controllers and movement sensors in the gaming products has led to an upsurge in adoption of the gaming and motion controllers significantly. Incorporation of gaming controllers equipped with cutting-edge technology enables the end user to control and interact with the graphic user interface. Moreover, manufacturers are increasingly equipping the gaming products with cameras in the consoles, which senses the movement of the end users. These factors are expected to contribute towards growth of the global motion control market during the forecast period.

A trend recently witnessed in range of end use industries is the increasing adoption of the collaborative robotics that are equipped with smart actuators. As the need for conveyor application arises, adoption of the independently controlled motion systems and leading motion technology continues to witness a robust demand. With the increasing adoption of the motion controllers that are equipped with intelligent motion technology alerts the end users with respect to the status of the manufacturing process and loading, and mechanical changes during the production process. Such factors are expected to impact growth of the global motion control market significantly.

Sales for Metal Cutting Application to Remain High

As the requirement for accuracy and precision during the manufacturing process increases, demand for AC servo components are projected to remain high. In terms of revenue, the AC servo component type segment is projected to represent significant revenue growth, representing more than US$ 2,400 Mn by 2026-end. In contrary, the others component type segment is projected to reflect a robust CAGR throughout the forecast period. By 2026-end, computer numerical control technology will outsell the general motion control technology, recording more than US$ 3,900 Mn.

By end users, the machinery segment is projected to witness significant growth in terms of revenue, accounting for more than US$ 1,300 Mn by 2017-end. On the other hand, the others end user segment is projected to witness the fastest growth during the forecast period.

Based on application, the metal cutting segment is projected to generate robust revenue growth, representing more than US$ 1,700 Mn by 2026-end. However, the robotics application segment is projected to reflect a significant CAGR throughout the forecast period.

Market Players

Major players in the global market of motion control market are YASKAWA Electric Corporation, Fanuc Corporation, Rockwell Automation, Inc, Mitsubishi Electric Corporation, Robert Bosch GmbH, Siemens AG, ABB Ltd Schneider Electric S.E, Moog Inc. and Parker-Hannifin Corp.

About Fact.MR                                                 
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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Yogesh is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.