As per a detailed analysis by Market Research Future (MRFR), the global brushless DC (BLDC) motors market is anticipated to garner a CAGR of 9.50% during the forecast period (2018-2023). Also acknowledged as electronically commutated motors, brushless DC motors are synchronous motors which are powered by a DC electric source. Brushless DC motor works on the simple force interaction between the electromagnet and permanent magnet, and the communication is controlled electronically. Market Potential and Pitfalls The brushless DC motors market have witnessed a tectonic surge over the past few years as it offers several advantages over other motors. Unlike brushed DC motors, brushless DC motors require less maintenance, which triggers its demand across the globe. Compared to other motors, brushless DC motors operate effectively at all speeds and offer a higher range of speed, reduced size with superior thermal attributes, and lower electric noise generation.

Solar power is the most viable energy resource used for power generation purposes. This technology is gaining wide acceptance all over the world. Now it has grown smart. The smart solar system can efficiently collect, store, and distribute electricity with no wastages. Smart solar maximizes the productivity of the system as a whole, matching supply to time and demand, and more. With smart solar and a grid connection, most of the solar energy is utilized, mitigating the inefficiencies of solar panels. In addition to enhancing the efficiency of solar power use, smart solar facilitates various other advantages as well. For instance, smart solar can geolocate the end-user's site and provides a personal recommendation. Also, it helps the end-users to save up to 70% of their electricity bills. The global smart solar market is progressing continually due to increasing efforts promoting the adoption of renewable resources for the power generation.

Pump refers to a mechanical device which moves liquids or compressed gases through suction or pressure. They are extensively used across diverse industry verticals for a myriad of applications. Market Research Future (MRFR's) recent report on the global pumps market consists of meaningful insights which are derived through a thorough analysis of pertinent factors impacting the market. MRFR's analysis projects a CAGR of 4.70% in the pumps market over the forecast period of 2018-2023. The demand for pumps is likely to increase on a global scale in developed nations, a favorable environment for fixed investment spending is prompting manufacturers to invest in up gradation of capabilities. In the developing countries, the pumps market is growing due to heightened investment in water infrastructure to facilitate access to drinking water and sanitation. Moreover, in the developed countries, aging water infrastructure provides modest growth opportunities for the pumps market.

The global centrifugal pumps market began to expand its worth and valuation since 2017, after some instability which was witnessed in the past few years due to the downturn in the oil & gas upstream sector mainly. However, continuous increase in expenditure in the market resulted to be positive on account of increasing crude oil price and an increase in activity, especially in North America. By this development, the long-term outlook of the centrifugal pumps market is predicted to remain positive with the market value on the track to register at a CAGR of 4.01% by the year 2022. Market Research Future delivers key insights and presents a revised forecast of the global centrifugal pump market in its latest report. Centrifugal Pumps are a type of pump mainly used to move water or other fluids with the help of inducing the flow by increasing the pressure of the fluid. Such pumps are commonly used in industries of water & wastewater, power, chemical, oil & gas, and others.

Opportunities in the oil accumulator market arise from mounting demand for oil & gas exploration and its production activities. There are now being many attempts to minimize environmental hazards by a large amount to exploration activities, which in turn, is positively impacting the growth of the oil accumulator market. Thus, oil accumulators are important component when environmental factors are taken into consideration. An accumulator is a pressure storage tank, which is considered to be profound in supplying a specific amount of fluid in under pressure. The fluid further gets unconstrained to perform a specific operation in the hydraulic system. The fluid is then stored via an external source that can either be piston, spring, gas, and fluid.

The growing popularity of solar energy sources has led to an escalation in the progress of the off-grid solar market. Reports that gauge the energy and power industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The displays poise to achieve a 12.50 % CAGR in the upcoming forecast period. The upsurge in the use of off-grid solar power in residential applications is expected to boost the advancement of the market. The freedom of the end users from utility companies due to isolation from the grid is expected to create a surge in the expansion of the off-grid solar market. The rising ability to use battery back-up for power requirements is anticipated to motivate the off-grid solar market in the impending period.

The detailed report published by Market Research Future (MRFR) projects that the global nuclear waste management market is marked to exhibit steady expansion at a CAGR of 3% during the forecast period from 2016 to 2023. Rapid rise in investment for the development of nuclear power plants to fulfill the rising energy demand which is leading to the production of large amount of radioactive waste that requires proper disposal and handling, increased emphasis on recycling nuclear waste in order to extract usable elements which will further be utilized for production of energy, and implementation of stringent regulatory framework by the government in the emerging economies to avoid the damage caused by the exposure to radioactive materials are majorly propelling the growth of the global nuclear waste management market during the assessment period.

The detailed report published by Market Research Future (MRFR) projects that the global hydrogen energy storage market is marked to exhibit noteworthy expansion at a CAGR of 8.50% during the forecast period from 2016 to 2023 and generate significant revenue by the end of the review period. Increased research activities for the development of alternative energy solutions in order to reduce the consumption of fossil fuels, increased emphasis on utilizing cleaner fuel, high demand for alternative power sources as a result of increased energy consumption due to rapid rise in population, and rising environmental concerns regarding the adverse effects caused due to vehicle emission are majorly propelling the growth of the global hydrogen energy storage market during the assessment period.

Global Hydrogen Energy Storage Market: Segmental Analysis The global hydrogen energy storage market has been segmented on the basis of technology and end-users. Based on technology, the global hydrogen energy storage market has been segmented into liquid hydrogen, metal hydrides, carbon absorption, and underground salt caverns.

The global coal bed methane market is expected to grow at a CAGR of 4.05% during the forecast period from 2016 to 2023. This indicates moderate yet consistent growth over the next few years. Coal bed methane is a form of natural gas which has grown in importance as a source of energy in various parts of the world. This unconventional natural gas is often extracted and can from bituminous and sub-bituminous coals and have a wide number of applications. Market Research Future's understanding of the market has been used to create a detailed report which covers the markets driving forces as well as opportunities and pitfalls of the market. Some applications for coal bed methane include use as a fertilizer. About half the worlds fertilizer is made from ammonia sourced from coal bed methane. Government support for unconventional resources is expected to assist the growth of the global coal bed methane market.

An electrostatic precipitator (ESP) is a device which filters fine particles such as smoke and dust from flowing gas. ESP is particularly used in industrial applications to reduce air pollution. The global electrostatic precipitator market is predicted to witness market expansion at a CAGR of 4% during the assessment period. Market Research Future has surveyed the entirety of the market for its market report on the subject. Another vital application of ESP is as a filtration device in industries like chemical, power, and paper among others. Pollution control has become a priority in many urban areas of the world, and growing environmental consciousness has resulted in the implementation of increasingly stringent regulations. This is expected to impact the global electrostatic precipitator market in a positive manner to a large degree.

An electrostatic precipitator (ESP) is a device which filters fine particles such as smoke and dust from flowing gas. ESP is particularly used in industrial applications to reduce air pollution. The global electrostatic precipitator market is predicted to witness market expansion at a CAGR of 4% during the assessment period. Market Research Future has surveyed the entirety of the market for its market report on the subject. Another vital application of ESP is as a filtration device in industries like chemical, power, and paper among others. Pollution control has become a priority in many urban areas of the world, and growing environmental consciousness has resulted in the implementation of increasingly stringent regulations. This is expected to impact the global electrostatic precipitator market in a positive manner to a large degree.

Timing relay is defined as a control device which helps to control the functioning of two events. It is a combination of an electromechanical output relay and a control circuit. Its functions include on-delay, off-delay, repeat cycle, pulse generator, and memory latch, among others. Increasing demand for control devices in end-use industries and growing demand for electrical equipment is likely to drive the market for timing relays.

Based on mounting type, the market is segmented as panel mounted and din-rail mounted. The panel mounted segment is expected to be the largest market, by mounting type, during the forecast period. Panel mounted timing relays are designed to be easily mounted on flat panels or heat sinks with screws. It is most preferred mounting type as these relays can be plugged into a socket or can be mounted on a panel. Considering the timer segment, the market is segmented into on-delay and off-delay. The on-delay is expected to have a larger share during the forecast period mainly due to its wide application such as interference pulse suppression and gradual starting of motors to avoid overload. On-delay timers are easy to implement when compared to off-delay timing relays. These factors have resulted in the larger share of on-delay timers in the timing relay market

Solar backsheet is used in solar power plants to generate electricity for various applications such as residential, commercial, military, industrial, and utilities. Solar backsheet is used to protect the photovoltaic module from UV radiations, moisture penetration, electrical insulation, and offer the durability to the PV module.

Based on application, the market is segmented as utility, residential, commercial, industrial, and military. Utility segment is estimated to dominate the market during the forecast period due to the increase in installations of solar plants for distributed power generation and utility. The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the type, the market is segmented as fluoropolymer and non-fluoropolymer. Fluoropolymer type of backsheet is majorly installed in solar power parks due to its higher efficiency and better insulation properties compared to non-fluoropolymer backsheet.

Hydrogen is produced when natural gas is heated with steam which produces syngas (mixture of carbon monoxide and hydrogen). Hydrogen can also be alternatively produced by electrolyzing water. Moreover, hydrogen can be generated from an extensive range of initial raw materials, including the most commonly used technology like steam reforming of natural gases.

Based on application, the market is segmented as petroleum refinery, ammonia production, methanol production, transportation, power generation, and others. The transportation segment is expected to be the fastest growing segment due to the growing demand for fuel cell based electric vehicles. Considering the storage, the market is segmented as on-board storage, underground storage, and power-to-gas storage. Power-to-gas storage is expected to hold a larger share during the forecast period due to higher efficiency with the balance of supply and demand for power electricity networks with renewable energy.

Heat pumps are designed to transfer heat from one place to another, with the help of electricity. Refrigerators and air conditioners are the two examples with heat pump technology. Advantages of heat pump include, less use of electricity, most efficient alternative to fuel, oil, and electric systems regarding heating and cooling. Heat pumps also have financial benefits due to its high efficiency, leading to contributing towards the reduction of CO2 emissions.

Based on end-user, the market is segmented as industrial, commercial, and residential. Residential segment is estimated to dominate the market during the forecast period due to rising demand for heating in residential segment due to the changing climatic conditions. Moreover, increasing population would encourage energy efficient equipment for heating and cooling purpose. Considering the capacity, the market is segmented into four categories, namely, Up to 10 kW, 10-20 kW, 20-30 kW, and Above 30 kW.

The global electric traction motor market’s 2020 profit rose as it is anticipated to expand at a CAGR of 18.08% through the forecast period 2018–2023. Market Research Future has published the reports.

Top Market Drivers & Challenges The salient factor leading the global electric traction motor market is the continuous increase in investment in railways. The factor is demanding electric traction motor to a great extent, which is motivating the market to expand considerably. The abilities of motors in typically used in electrically powered rail vehicles like electric multiple units and other electric vehicles that include elevators, conveyors, and trolleybuses.

The global permanent magnet motor market is expected to exhibit a strong 8.7% CAGR over the forecast period from 2017 to 2023 due to the growing demand for permanent magnet motors in electric vehicles, according to the latest research report from Market Research Future (MRFR). The growing acknowledgment of the benefits of permanent magnet motors over conventional induction motors has resulted in a growing demand for permanent magnet motors from the automotive industry. The report presents a detailed forecast for the global permanent magnet motor based on a comprehensive historical review of the market’s growth trajectory. The major drivers and restraints affecting the global permanent magnet motor market are also profiled in the report to provide readers with a complete overview of the major motivators of the permanent magnet motor market.