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- Investors in renewable energy sectors shift to geothermal power generation attracted by the promise of steady revenues year-round, equipment manufacturers relentlessly rely on advanced instrumentation to up the efficiency
- Geothermal power equipment market s valuation to climb to ~US$ 32 billion by 2027-end, intergovernmental support to manufacturers in Asian countries to speed up installation
ALBANY, N.Y., Feb. 10, 2021 /PRNewswire/
Geothermal power plants occupy crucial infrastructure for global renewable energy transition. Over the past decade, a number of actors including governmental, non-profit, and non-governmental organizations in several regions have promoted geothermal energy generation and utilization. Manufacturers in the geothermal power equipment market are leaning on constant technological advancements in the instrumentation to boost the overall efficiency. Geothermal power plants are operating in as many as 26 countries, and the percentage share in glo
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ALBANY, N.Y., Jan. 11, 2021 /PRNewswire/ An array of downhole components are utilized in oil and gas industry especially in horizontal drilling operations, propelling the demand in the downhole tools market. Downhole tools are broadly used in well workover activities, well drilling, well intervention, and well completion activities. They form an integral part of oilfield equipment in optimizing the production levels from drilling reservoirs notably in hostile downhole environments. Advances made in materials used in making these tools and the design elements have expanded the avenue in the downhole tools market. Research and developments have been increasingly focusing on improving the design parameters, such as improving the drill bits and reducing drilling vibrations. These are also used in maintaining the reservoir flow integrity.
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ALBANY, N.Y, Dec. 21, 2020 /PRNewswire/ The demand within the global combined heat and power (CHP) installation market is growing alongside advancements in energy management across the industrial sector. The need for conserving energy that is dissipated during heat generation has created formidable opportunities for market growth and expansion. The past decade has witnessed formidable advancements in energy management and conservation across several industries and sectors. Government entities and planning authorities have invested in energy-efficient technologies that can help in powering other systems. This trend is blowing life into the global heat and power (CHP) installation market by allowing for the inflow of fresh investments.