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Corundum Market Size Worth $3.5 Billion By 2027 | CAGR: 4.0%: Grand View Research, Inc.

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SAN FRANCISCO, Aug. 12, 2020 /PRNewswire/ — The global corundum market size is estimated to reach USD 3.5 billion by 2027 registering a CAGR of 4.0%, according to a new report by Grand View Research, Inc. The rising popularity of ruby based jewelry is projected to aid market growth over the forecast period. Corundum is a naturally occurring mineral, which is mostly found in rocks with higher percentages of alkalis and alumina. The vivid color combination exhibited by the product in the form of ruby and sapphire is due to the elemental substitution.

Key suggestions from the report:

  • Abrasives application segment, in terms of volume, is projected to remain the dominant category over the forecast period. The hard nature of corundum aids its implementation as an abrasive product
  • However, in terms of revenue, jewelry application is anticipated to be the dominant segment over the forecast period
  • High demand for colored gems including ruby and sapphire is projected to boost segment growth
  • Refractory application category is likely to witness the fastest CAGR, in terms of revenue as well as volume, over the predicted timeline
  • Europe is projected to remain among the most prominent regional markets over the forecast period. The presence of a well-established retail jewelry industry in Europe will drive the regional market
  • Asia Pacific is projected to be the fastest-growing regional market, in terms of revenue, over the forecast period

Read 122 page research report with ToC on “Corundum Market Size, Share & Trends Analysis Report By Application (Jewelry, Abrasive, Refractory), By Region (APAC, Europe, North America, Central & South America, MEA), And Segment Forecasts, 2020 – 2027″ at: https://www.grandviewresearch.com/industry-analysis/corundum-market

The presence of Fe and Ti within the crystal structure of the product provides the sapphire with blue color. Similarly, the presence of chromium provides the ruby with red color. These aforementioned colored gems are widely popular in the retail segment of the U.S. jewelry industry, which valued at around USD 83.4 billion in 2016. Although, due to the various level of processing stages involved within the value chain of colored gems, the retail price of the product is highly marginalized. The growth of the U.S. jewelry industry is directly related to the nation’s economic macro indicators, which are likely to observe a declining trajectory in FY 2020 due to the emergence of coronavirus.

With the global pandemic and lockdown on industrial activities, the product demand in FY 2020 is likely to observe stagnant growth. The product demand observed a significant decline in the first quarter of the FY 2020 as the key application segments, such as jewelry, ceramics, and refractory industries, had a disruption in their operational activities. Key companies in the market are formulating strategies to adopt sustainable mining practices and reduce Greenhouse Gas (GHG) emissions.

Grand View Research has segmented the global corundum market on the basis of application and region:

  • Corundum Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
    • Jewelry
    • Abrasive
    • Refractory
    • Others
  • Corundum Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
    • North America
    • Europe
      • Germany
      • France
    • Asia Pacific
      • China
      • India
    • Central & South America
    • Middle East & Africa
  • List of Key Players of the Corundum Market
    • Alteo
    • MOTIM Electrocorundum Ltd.
    • RusAL
    • Greenland Ruby
    • Henan Sicheng Co.
    • Ltd, K. A Refractories Co., Ltd.
    • Rubicon Technology
    • Xingyang Jinbo Abrasive Co., Ltd.
    • RSA LE RUBIS SA
    • Arteka

Find more research reports on Advanced Interior Materials Industry, by Grand View Research:

  • Abrasives Market – Global abrasives market size was valued at USD 39.62 billion in 2018 and is estimated to witness a CAGR of 5.9% from 2019 to 2025.
  • Super Abrasive Market – Global super abrasive market size was valued at USD 6.8 billion in 2018 and is estimated to progress at a CAGR of 6.3% from 2019 to 2025.
  • Chromium Market – Global chromium market size was estimated at USD 13.07 billion in 2016. Increasing demand from the stainless steel industry for various end-use markets such as automotive, aerospace, defense, marine, building and construction, and electronics is expected to be the key growth factor.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected] 
Web: https://www.grandviewresearch.com 
Follow Us: LinkedIn | Twitter 

SOURCE Grand View Research, Inc.

Source: https://www.prnewswire.com:443/news-releases/corundum-market-size-worth-3-5-billion-by-2027–cagr-4-0-grand-view-research-inc-301110633.html

Energy

Shanghai Electric Showcases Smart Energy Solution at China International Industrial Expo on World’s Clean Up Day

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Shanghai Electric presented exhibitions on Smart City, Smart Energy, Intelligent Manufacturing and Intelligent Transportation at the expo

SHANGHAI, Sept. 19, 2020 /PRNewswire/ — Shanghai Electric gave a strong impression at the 22nd China International Industrial Expo (the “Shanghai Industrial Fair”), which took place during September 15-19 at the Shanghai National Convention and Exhibition Center. The company presented exhibitions on Smart City, Smart Energy, Intelligent Manufacturing, and Intelligent Transportation in line with the Fair’s theme of “Intelligence, Interconnection – New Development of Enabling Industry.”

Source: https://www.prnewswire.com:443/news-releases/shanghai-electric-showcases-smart-energy-solution-at-china-international-industrial-expo-on-worlds-clean-up-day-301134259.html

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Energy

American Elements CEO Michael Silver to Speak Monday on Green Technology & Geopolitics of Advanced Materials

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LOS ANGELES, Sept. 18, 2020 /PRNewswire/ — American Elements CEO Michael Silver will deliver a live virtual speech at the 2020 Ceramics Expo Connect Conference on Monday September 21, at 10:30 am EST. The virtual event is free to register for all.

In the speech, Mr. Silver will discuss the economic and geopolitical impact of current America-China relations, in addition to emerging ceramic materials for disruptive green technology applications.

To view Mr. Silver’s speech, registration for free at the Ceramics Expo Connect website at http://www.ceramicsexpousa.com.  For more information about American Elements and its product catalog of advanced materials, visit https://www.americanelements.com.

SOURCE American Elements

Related Links

http://www.americanelements.com

Source: https://www.prnewswire.com:443/news-releases/american-elements-ceo-michael-silver-to-speak-monday-on-green-technology–geopolitics-of-advanced-materials-301134193.html

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Energy

Global $552.1 Million Flywheel Energy Storage System Markets, Analysis 2016-2019 & Forecasts 2020-2027

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DUBLIN, Sept. 18, 2020 /PRNewswire/ — The “Flywheel Energy Storage System Market Size, Share & Trends Analysis Report by Application (UPS, Distributed Energy Generation, Transport, Data Centers), by Region, and Segment Forecasts, 2020 – 2027” report has been added to ResearchAndMarkets.com’s offering.

The global flywheel energy storage system market size is expected to reach USD 552.1 million by 2027, escalating at a CAGR of 7.4% over the forecast period.

Flywheel Energy Storage Systems Market Report Highlights

  • Others segment occupied the largest market share in 2019 in terms of revenue. Flywheel energy storage providing frequency regulation in grid balancing operations is set to be driving the market across this segment
  • The distributed energy generation segment is anticipated to be the fastest-growing application segment owing to the rising demand for isolated grids across remote communities and remote industrial operations
  • The data centers segment occupied a significant market share and is projected to witness a high growth rate over the forecast period. This growth can be attributed to the large number of IT companies deploying the technology at their massive data centers
  • North America accounted for the largest regional market share in terms of revenue, owing to the growing number of projects to reserve power across the region, mainly the U.S.
  • In Asia Pacific, the market is expected to witness significant CAGR over the forecast period owing to the growing demand for continuous power supply along with government efforts to supply clean power across end-use markets.

Increasing demand for energy storage systems across various industries along with the implementation of favorable regulatory policies regarding clean power generation and reducing dependence on fossil-fuel based power sources is likely to drive the market over the forecast period.

Flywheel serves as a reliable energy storage solution in developing areas with less reliable grid infrastructure and high electricity costs, and in island areas where grids are reliant on biofuels and diesel generators. In these remote areas, flywheel storage is set up in integration with renewable wind and solar power, thereby combating the intermittent nature of renewable power while providing a continuous power supply to the grid or other facilities.

The technology offers several advantages over batteries to store energy. Some of the advantages include unlimited daily cycling capacity, no chemical reaction, zero capacity degradation, and high round-trip efficiency. However, parameters such as high cost and short duration of flywheel power are among the critical factors expected to hamper market growth over the forecast period.

Industry participants are heavily investing in research and development activities in order to find a solution to the high maintenance cost incurred by technology. Manufacturers are focusing on optimizing the geometry and metallurgical properties of flywheel rotor including the chemical composition and processing refinement of low-carbon steel alloy. Moreover, large market players are tying up with small regional companies in order to enhance their foothold in the market globally.

Flywheel Energy Storage Systems Market Report Highlights

  • Others segment occupied the largest market share in 2019 in terms of revenue. Flywheel energy storage providing frequency regulation in grid balancing operations is set to be driving the market across this segment
  • The distributed energy generation segment is anticipated to be the fastest-growing application segment owing to the rising demand for isolated grids across remote communities and remote industrial operations
  • The data centers segment occupied a significant market share and is projected to witness a high growth rate over the forecast period. This growth can be attributed to the large number of IT companies deploying the technology at their massive data centers
  • North America accounted for the largest regional market share in terms of revenue, owing to the growing number of projects to reserve power across the region, mainly the U.S.
  • In Asia Pacific, the market is expected to witness significant CAGR over the forecast period owing to the growing demand for continuous power supply along with government efforts to supply clean power across end-use markets.

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Chapter 3. Flywheel Energy Storage System Market Variables, Trends & Scope
3.1. Market Segmentation & Scope
3.2. Market Lineage Outlook
3.3. Penetration and Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.5. Technology Overview
3.6. Regulatory Framework
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.1.1. Growing energy storage market
3.7.1.2. Favorable government policies
3.7.2. Market Restraint Analysis
3.7.2.1. High storage cost associated with flywheel technology
3.7.3. Industry Challenges
3.8. Business Environment Analysis: Flywheel Energy Storage System Market
3.8.1. Industry Analysis – Porter’s
3.8.2. PESTEL Analysis

Chapter 4. Flywheel Energy Storage System Market Application Outlook
4.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 – 2027 (Power Capacity, kW; Revenue, USD Million)
4.1.1 UPS
4.1.1.1 Market estimates and forecasts by region, 2016 – 2027 (Power Capacity, kW; Revenue, USD Million)
4.1.2 Distributed Energy Generation
4.1.3 Transport
4.1.4 Data centers
4.1.5 Others

Chapter 5 Flywheel Energy Storage System Market Regional Outlook
5.1 Flywheel Energy Storage System Market, By Region, 2019 & 2027

Chapter 6 Competitive Analysis
6.1 Key Global Players & Recent Developments & Their Impact On The Industry
6.2 Vendor Landscape
6.2.1 Company Market Position Analysis

Chapter 7 Company Profiles

  • Active Power
  • Amber Kinetics, Inc.
  • Beacon Power, LLC
  • Calnetix Technologies, LLC.
  • Piller Group GmbH
  • Powerthru
  • VYCON, Inc.
  • Stornetic GmbH
  • Energiestro
  • Oxto Energy

For more information about this report visit https://www.researchandmarkets.com/r/1p7c5a

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

Source: https://www.prnewswire.com:443/news-releases/global-552-1-million-flywheel-energy-storage-system-markets-analysis-2016-2019–forecasts-2020-2027–301133961.html

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