Sustainability has been one of the primary discussions of debate amidst the growing development of energy, water and environmental (EWE) systems- the key components that affect the quality of life of human beings. It is becoming increasingly important that the systems revolving around sustainable development require integrated management and preservation of economic, social, cultural, political and ecological factors.
Some of the factors necessary to be kept in mind whilst formulating suitable solutions for future prospects in the market are a sustainable and affordable energy supply, clear access to clean and hygienic water, as well as an efficient environmental protection. The essential pre-requisites considered by BIS Research in their ongoing research studies about energy, environment and water mainly consist of analyzing the water treatment and chemicals systems, the Indian water and waste-water treatment market, unconventional gas market, dry type transformer market, and many more. The tremendous inclination towards renewable energy sources envisioned in the future is the central area of interest for the research analysts at BIS.
According to a new market intelligence report by BIS Research titled ‘Global Virtual Power Plant Market - Analysis and Forecast, 2019-2024’, the virtual power plant market is expected to reach $4,502.5 million by 2024.
The APAC air purifiers market revolves around the major end-use industries which include residential and commercial sectors. The commercial end-user industry dominated the APAC air purifiers market in 2016 and is expected to grow at a CAGR of 25.2% respectively between 2017 and 2026.
Microgrid market in Asia Pacific is highly influenced by various program and policies, such as smart grid plans, and rural electrification policies, among others. Decreasing costs of solar and lithium ion batteries, policy mandates, and the need to ensure energy security, among others, are some of the key factors which act as major drivers for the growth of this market.
Global IoT in O&G market is anticipated to grow to $30.57 billion by 2026. It is expected to be mainly driven by shortage of skilled labor, increasing number of cyber-attacks, aging infrastructure, and need to increase operational efficiency, which will act as key drivers for the growth of this market.
Global biofuels market is anticipated to grow to $132.67 billion by 2023. It is expected to be mainly driven by environmental impact, increasing population coupled with increase in energy demand, and climatic concerns which will act as key drivers for the growth of this market.
Global water and waste water treatment market by chemicals and equipment is anticipated to grow to $138.08 billion by 2022. It is expected to be mainly driven by environmental impact, increasing population coupled, aging infrastructure and climatic concerns which will act as key drivers for the growth of this market.
The energy efficient devices market is expected to reach a market size of $908.49 billion by 2022. The increasing demand for reduction in energy consumption and greenhouse gas emissions along with concerns over climatic changes are some of the factors driving the overall market growth for this industry.
Global Solid Waste Management Market is anticipated to grow to $1296.04 billion by 2022. It is expected to be mainly driven by environmental impact, increasing population coupled with GDP around the globe and increasing number of megacities which will act as key drivers for the growth of this market.
APAC air purifier market is expected to reach about $19.02 billion by the end of 2015 in terms of revenue. This is attributed to the increasing health hazards and air pollution caused in major countries in APAC. China, India, South Korea, Malaysia, Japan and Indonesia contributes to the rising demand owing to increasing air pollution, smog formation, yellow smog, grey air formed due to huge coal fired power plants, industries and manufacturing plants in the region.
Renewable energy possesses a vast expanse of untapped market potential, and irrespective of its abundant availability, it is yet to achieve a wide scale adoption among both government and private bodies. The solar energy market (PV and solar thermal) has gained significant traction in the recent past, and is anticipated to attain almost 265GW and 568GWth of cumulative capacity by 2020 for solar PV and solar thermal respectively.
To create the energy security in the developing countries of Asia Pacific region, the abundantly available renewable energy resources are being widely adopted, in order to reduce reliance on the conventional sources of energy.