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The global hydrogen energy storage market is projected to reach USD 18.2 billion by 2024 from an estimated USD 13.7 billion in 2019, at a CAGR of 5.8% during the forecast period. Increase in demand for hydrogen in the chemical industry and market for hydrogen in stationary and portable power are driving the growth of the global industry. Gas segment is expected to lead the hydrogen energy storage market by state The Gas segment is expected to lead the hydrogen energy storage market as there are multiple cost-effective methods available to store hydrogen as a gas via compression. The growth of gas segment is because of the easy available plans to produce and store hydrogen in the gaseous form. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107179995 Compression segment is expected to capture the significant share of the hydrogen energy storage market by storage technology Compressed hydrogen gas can be stored using various storage tanks such as low-pressure tanks, pressurized tanks, and underground storage. In the case of the underground room, hydrogen gas is injected and compressed in an underground salt cavern. Compressed hydrogen gas storage is the simplest solution because only compressor and a pressure vessel equipment is required to store it which is the reason for its increasing demand in the hydrogen energy storage market globally. Utilities are the leading end-users of hydrogen energy storagesand are expected to lead the market throughout the forecast period Hydrogen energy storage market has been categorized, based on end-user into industrial, commercial, and utilities. Utilities are expected to be the fastest-growing as the demand for power generation increases, using renewable energy sources is likely to generate the need for hydrogen energy storage in the utility segment.

The CNG dispenser market is projected to reach USD 225.5 million by 2023. The global CNG dispenser market is expected to grow from an estimated USD 155.2 million in 2018 to USD 255.5 million by 2023, at a CAGR of 7.76% from 2018 to 2023. The market is set to grow due to stringent emission policies across all countries. Many other countries across the world planned to reduce emissions by a certain level by 2020 at the United Nations Framework Convention on Climate Change held in 2015. New emission policies are likely to get introduced by 2019 or 2020, depending on the largest achievement and are expected to create opportunities for CNG vehicles. The fast fill segment is expected to hold the largest share of the CNG dispenser market, by type, during the forecast period. The CNG dispenser market has been segmented, by type, into fast fill and time fill. The fast fill segment is expected to be the largest because CNG at fast fill stations is often stored in vessels at high service pressure, which helps in delivering the fuel faster. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47008991 Company owned & company run segment is the fastest growing CNG dispenser market, by distribution, during the forecast period. The CNG dispenser market has been segmented, by distribution, into company owned & company run, company owned & dealer run, and dealer owned & dealer run. The company owned & company run segment is estimated to hold the largest share of the market during the forecast period because the operational improvement program reduces the cost and complexity in line. The primary purpose is to focus on the structure and size of the organization.

the lithium iron phosphate batteries market size is expected to grow from an estimated USD 8.3 billion in 2019 to USD 10.6 billion by 2024, at a CAGR of 5.0%. Rising demand for electric and hybrid electric vehicles and high requirement of renewable energy storage are driving the lithium iron phosphate batteries industry. Browse 101 market data Tables and 29 Figures spread through 150 Pages and in-depth TOC on "Lithium Iron Phosphate Batteries Market - Global Forecast to 2024" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77659282 Automotive: The largest segment of the lithium iron phosphate batteries market, by industry The lithium iron phosphate batteriesmarket is segmented by industry, power capacity, application, and region. The market is segmented, by industry, into automotive, power, industrial, and others. The automotive segment accounted for the largest share of the market in 2018. The automotive industry includes battery-driven vehicles such as electric vehicles, which further include hybrid electric vehicles, plug-in electric vehicles, e-bikes, and automated guided vehicles, which are major consumers of lithium iron phosphate batteries. The 16,251-50,000 mAh segment is estimated to have the highest growth rate in the lithium iron phosphate batteries market, by power capacity The market is segmented, by power capacity, into 0-16,250 mAh, 16,251-50,000 mAh, 50,001-100,000 mAh, and 100,001-540,000 mAh. The 16,251-50,000 mAh application segment is estimated to lead the market in terms of growth. The growth of the segment is mainly because of its rising demand from various applications like automobile, power, industrial, and others.

According to the new market research report "Power Device Analyzer Market by Type (Both AC and DC; AC), Current (Above 1000 A, Below 1000 A), End-User (Automotive, Energy, Wireless Communication, Consumer Electronics, and Others), and Region - Global Forecast to 2024" published by MarketsandMarkets™, the global Power Device Analyzer Market is projected to reach USD 527 million by 2024 from an estimated market size of USD 430 million in 2019, at a CAGR of 4.2% during the forecast period. The factors driving the growth for power device analyzer is due to the growing adoption for high-performance and power-efficient devices for consumer and healthcare sector along with investments in electric vehicles due to the concern towards hazardous environmental affect. Browse 103 market data Tables and 36 Figures spread through 156 Pages and in-depth TOC on "Power Device Analyzer Market - Global Forecast to 2024 " Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259267665 The consumer electronics & appliances segment is expected to be the most significant power device analyzer market, by end-user, during the forecast period The consumer segment is projected to be the most significant power device analyzer market, by end-user, during the forecast period. It has the largest share of the power device analyzer market owing to the growth in the demand for consumer electronics products such as air-condition, smartphones, refrigerators, laptops, smart TV, and smartwatch. The rapid growth in the overall population along with people becoming tech-savvy, will increase the demand for consumer electronics leading to an increase in the demand for power device analyzer. The both AC and DC segment is expected to be the largest power device analyzer market, by type, during the forecast period The both AC and DC segment is expected to grow at the highest rate during the forecast period. Both AC and DC power device analyzer are majorly used to pe

The PDC drill bits market is expected to grow from an estimated USD 3.66 Billion in 2018 to USD 4.54 Billion by 2023, at a CAGR of 4.41% during the forecast period. This growth can be attributed to factors such as increasing oil & gas drilling activities in the world and need for advanced techniques for faster drilling in less downtime. Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=33536072 The matrix body segment is estimated to hold the largest share of PDC drill bits market, by type, during the forecast period The matrix body segment held the largest share of the PDC drill bits market in 2017 and is expected to grow at a decent pace during the forecast period. The large market share of this segment can be attributed to the rising demand for faster drilling with less wear and tear of drill bits in medium-hard and hard formations. The 6-10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017 The 6-10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017. The 6-10 blades of PDC drill bits are mainly used for higher Rate of Penetration (ROP) drilling in medium-hard formations. Countries such as the US, China, Saudi Arabia, and Oman are showing rapid growth in the 6-10 blades PDC drill bits segment because of the recent increase in shale gas production and oil drilling.

The progressing cavity pump market is expected to grow from an estimated USD 3.02 Billion in 2018 to USD 4.08 Billion by 2023, at a CAGR of 6.24%, during the forecast period. The market is set to witness growth because of increasing investments in modernizing water & wastewater infrastructure, infrastructure development, and suitability for handling high-viscosity fluids in the oil & gas sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142949269 The up to 50 hp segment is expected to be the largest progressing cavity pump market, by power rating, in 2018. Up to 50 hp rated progressing cavity pumps are expected to hold a large share of the total market, by in 2018. This is dominance is attributed to the increase in infrastructure development, and growing demand for industrialization globally. Water & wastewater management end industry is expected to generate significant demand for the progressing cavity pump during the forecast period. The need to reduce life cycle costs and improve operating margins is anticipated to boost the usage of progressing cavity pump units in the water & wastewater industry such as polymers, waste, sludge, and flocculants. Increasing demand for freshwater, liquids with higher viscosities, and a clean environment are likely to drive the market in the future, creating opportunities for the usage of progressing cavity pumps in water & wastewater management.

The transmission sales market is expected to grow from an estimated market size of USD 15.2 billion in 2019 to USD 18.7 billion by 2024, registering a CAGR of 4.2% from 2019 to 2024. The transmission sales market is witnessing significant growth, which is driven by the growing shale gas production activities. Browse 70 market data Tables and 45 Figures spread through 135 Pages and in-depth TOC on "Transmission Sales Market - Global Forecasts to 2024" Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202008040 Based on type, the reciprocating segment is expected to hold the largest share of the market The reciprocating segment is expected to dominate the transmission sales market during the forecast period. Applications of a reciprocating compressor include oil refineries, gas pipelines, chemical plants, natural gas processing plants, and refrigeration plants. These compressors are used in the oil & gas industry for compressing the gas for the main transmission through gas pipelines. This has helped the reciprocating segment to acquire the largest share in the transmission sales market. Power generation is expected to be the fastest segment of the transmission sales market during the forecast period The transmission sales market in this report has been classified based on end-user into oil & gas, power generation, water & wastewater management, and others. Power generation plants require compressors for gas turbine power plants, ash conveying, and fly ash handling, ensuring highest efficiency and operating reliability. The rising demand for power is triggering the need for additional power generation. This, coupled with the need to replace and modernize existing power plants, has resulted in the extensive use of gas turbine power plants. Compressors are used to maintain pipeline pressure in the power generation sector. Moreover, retrofit and modernization projects in Europe and North America are likely to boost the power

the Hydrogen Generation Market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for Hydrogen Generation Market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=494 The electrolysis technology segment is expected to grow at the highest CAGR from 2020 to 2025. The increasing use of fuel cells in power generation and transportation is likely to drive the market for electrolysis. Through electrolysis, the electrolyzer system creates hydrogen gas. The oxygen that is left over is released into the atmosphere or can be captured or stored. This stored hydrogen can be supplied for other industrial processes or even used for medical gases in some cases. The hydrogen gas can either be stored as a compressed gas or liquefied, and since hydrogen is an energy carrier, it can be used to power any hydrogen fuel cell electric application - including trains, buses, trucks, or data centers. Measures have been taken by governments to boost the demand for water electrolysis. For instance, the US Department of Energy (DOE) has set technical targets and cost contributions for hydrogen production from water electrolysis.

The turbine control system market is expected to grow from an estimated USD 15.13 Billion in 2018 to USD 19.00 Billion by 2023, registering a CAGR of 4.66% during the forecast period. This growth is primarily due to the increasing emphasis on growth of wind power generation, and increase in operational productivity of the turbines, in turn improving the efficiency of the power plant. Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=154007695 Speed control segment is expected to hold the largest share of the turbine control system market, by function during the forecast period The speed control segment led the turbine control system market in 2017 and is projected to dominate the market during the forecast period. Speed control segment comprises of speed limiting and acceleration functions. Speed control is generally preferred in gas turbines, wind turbines, and steam turbines. Turbines require precise speed control to provide high-quality control accuracy and improved machinery protection. The rise in the adoption of wind generation across the world is one of the major drivers of speed control segment. Software segment is expected to be the fastest-growing segment of the turbine control system market Software is expected to hold the largest market share during the forecast period from 2018 to 2023. Software segment includes IT applications such as advanced process control systems, digital synchronization, process optimization and process safety solutions, and remote view software program among others. It provides a common platform for devices to connect and operate. North America is expected to be the fastest growing region for software segment during the forecast period.

The wire and cable management market is expected to grow from an estimated USD 16.91 Billion in 2018 to USD 25.26 Billion by 2023, at a CAGR of 8.36%, during the forecast period. The market is set to witness growth due to the rising demand from data center and IT facilities and the growing construction sector. Browse 75 Tables and 39 Figures spread through 135 Pages and in-depth TOC on "Wire and Cable Management Market - Global Trends and Forecasts to 2023" Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69412008 Power cable segment is expected to be the largest wire and cable management market, by cable type, in 2018. The power cable segment is expected to be the largest segment of the wire and cable management market, by cable type, in 2018. Power cables are widely used in the power distribution sector to distribute power, and can be installed overhead as well as underground in the industrial, commercial, and residential sectors. High demand for electrification of homes, increased investment in power distribution, and growth in the household sector in developing countries are the key drivers for the growth of the power cable wire and cable management market. Conduits & trunking segment is expected to be the second largest wire and cable management market, by product, during the forecast period. Conduits & trunking are used to protect cables from damage and can be used in almost any location including homes, commercial spaces, and industrial sectors. Rising urban population and need for advanced infrastructure in regions such as Asia Pacific and the Middle East are thrusting the deployment of conduits & trunking system.

The global heat meter market is projected to reach USD 1,218.9 million by 2023 from an estimated USD 849.1 million in 2018, at a CAGR of 7.50%. This growth can be attributed to the increasing mandatory legislative requirement to install heat meters for accurate measurement of heat consumption. Browse 63 market data Tables and 40 Figures spread through 119 Pages and in-depth TOC on "Heat Meter Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=87058049 The residential segment is expected to hold the largest share of heat meter market, by type, during the forecast period. The residential segment is estimated to dominate the heat meter market in 2018 and is projected to have the largest market share during the forecast period. Increase in the number of residential dwellings across the globe year on year has made a positive impact on heat meter market during the forecast period. Residential spaces connected to district heating and cooling networks necessarily require heat meters as it is by far the best practice for generating energy bills based on consumption. The wireless connection segment is expected to be the fastest growing segment of the heat meter market, by connectivity, during the forecast period. The wireless connection segment accounted for the highest CAGR during the forecast period. Growth of this segment can be attributed to the advancement in technologies, lower cost of installation and maintenance, higher reliability, and ease of use. Europe region is expected to witness a high growth in wireless connection segment during the forecast period because of the increased spending in connectivity technologies infrastructure.

The electric traction motor market is expected to grow from an estimated market size of USD 14.2 billion in 2020 to USD 36.6 billion by 2025, at a CAGR of 20.9% during the forecast period. The market is set to witness growth, due to the increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector. Browse 100 market data Tables and 47 Figures spread through 164 Pages and in-depth TOC on "Electric traction motor Market - Global Forecast to 2025" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248269129 The AC segment is expected to hold the largest share of the electric traction motor market, by type, during the forecast period The AC electric traction motor segment is expected to be the largest market for electric traction motors during the forecast period. The market is witnessing the replacement of DC electric traction motors with AC electric traction motors as a result of advantages such as higher reliability and efficiency and are expected to drive the AC electric traction motor segment of the electric traction motor market. Below 200 kW is expected to be the largest segment in the electric traction motor market, by power rating, in 2020 The below 200 kW segment dominated the electric traction motor market during the forecast period. The large share of this segment can mainly be attributed to the extensive use of below 200 kW power rated motors in electric vehicles and light rail transit vehicles, which is expected to grow at a faster pace in the coming years. The widespread installation of these motors in plug-in hybrid cars, hybrid cars, and battery-electric cars, which are all experiencing high sales growth in China, Norway, the UK, France, and Japan, is further driving the segment.

The Europe variable frequency drives market is projected to grow from an estimated USD 5.2 billion in 2019 to USD 6.4 billion by 2024, at a CAGR of 4.13% during the forecast period. The growth of this market is driven by the increasing investments in the energy and construction industries" Browse 65 market data Tables and 33 Figures spread through 116 Pages and in-depth TOC on "Europe VFDs Market - Global Forecast to 2024" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=220609858 The pump segment, by application, is expected to be the fastest growing market during the forecast period The pump segment is the largest market at a CAGR of 4.61% from 2019 to 2024. The increasing pump exports and its use in various industries are likely to drive the pump segment of the Europe Variable frequency drives market. The 0.5-20 kW segment, by power rating, is expected to be the largest market from 2019 to 2024 The 0.5-20 kW segment is expected to reach USD 755.3 million by 2019, at a CAGR of 4.90% from 2019 to 2024. The high energy savings at a low capital cost increases the demand for the 0.5-20 kW segment. The 20-50 kW segment is the second largest segment. It is expected to reach USD 1,346.8 million by 2019, at a CAGR of 4.28% from 2019 to 2024.

the global coiled tubing market size is projected to reach USD 4.0 billion by 2025 from an estimated USD 3.0 billion in 2020, at a post COVID-19 CAGR of 5.8% during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells. Furthermore, the global coiled tubing industry is driven by the upsurge in the oil & gas production by countries owing to rising demand from the Asia Pacific. Browse 245 market data Tables and 61 Figures spread through 264 Pages and in-depth TOC on "Coiled Tubing Market" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=804 North America is estimated to be the fastest-growing market for coiled tubing during the forecast period. The region has been segmented, by country, into the US and Canada. The increasing shale oil & gas production in the North America region is driving the coiled tubing market. According to the BP statistical report for June 2019, the US is the top producer of oil, producing 15.3 billion barrels of oil, in 2018. Moreover, the country has been experiencing huge investments from upstream operators to increase the production from the depleting fields in Texas, Permian Basin, and the Gulf of Mexico, along with new drilling activities in ultra-deepwater locations in the Gulf of Mexico, which is likely to drive the North American coiled tubing market. The coiled tubing market, by service, is segmented into well intervention service, drilling service, and others. Others include minor services such as fishing, fracturing, wireline logging, and inspection. Well Intervention services is the fastest growing market by region and are also observed as new revenue pockets. These services are further sub-segmented as well cleaning & pumping operations and well completions & mechanical operations. The challenges faced by oilfield operators during the well comple

The global pumps market in oil & gas industry is projected to reach USD 10.36 billion by 2023 from an estimated USD 8.47 billion in 2018, at a CAGR of 4.12%. This growth can be attributed to the increasing unconventional resources in the North American, South American, and Asia Pacific regions and development of gas terminals. Browse 85 market data Tables and 36 Figures spread through 142 Pages and in-depth TOC on "Oil & Gas Pumps Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72491540 The centrifugal pump segment is expected to hold the largest share of the pumps market in oil & gas industry, by type, during the forecast period. The centrifugal pump segment is estimated to dominate the pumps market in oil & gas industry in 2018 and is projected to have the largest market share during the forecast period. Centrifugal pumps are preferred for processes that handle low viscosity liquids and high flow rates. Various types of centrifugal pumps are used in a wide variety of applications. The ability of these pumps to be used across various applications has resulted in their higher market share.

The valve remote control system market is expected to grow from an estimated USD 6.4 billion in 2018 to USD 8.0 billion by 2023, at a CAGR of 4.73%. An increased need for industrial valves from oil & gas production is likely to drive the valve remote control system market. Browse 63 market data Tables and 26 Figures spread through 113 Pages and in-depth TOC on "Valve Remote Control System Market" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132530162 On the basis of type, the pneumatic segment is expected to hold the largest share of the market. The pneumatic segment is projected to grow at the highest CAGR during the forecast period. The pneumatic segment is primarily driven by cranes and hoists, palletizers and de-palletizers, conveyors, automated storage, and retrieval systems. The valve remote control system plays a vital role to divert compressed air to individual pneumatic actuators, and thus drive the connected valve to open/close in the system. Increase in demand for valves & actuators for the oil & gas production is likely to boost the Middle East & Africa pneumatic valve remote control system market due to the largest petroleum reserves holding countries in the region.

The global power-to-gas market is projected to reach USD 42 million by 2024 from an estimated USD 26 million in 2019, at a CAGR of 10.1% during the forecast period. Effective utilization of renewable energy resources and integrated management of power and gas network are driving the growth of the global industry. Electrolysis segment is expected to lead the power-to-gas market by technology Highly effective ways of generating hydrogen and its ability to incorporate excess renewable energy for the production of hydrogen effectively are the factors, for which electrolysis segment is expected to lead and grow at the fastest rate within all the segments. Browse 117 market data Tables and 38 Figures spread through 174 Pages and in-depth TOC on "Power-to-gas Market - Global Forecast to 2024" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200568452 1000 kW and Above segment is expected to capture the major share of the power-to-gas market by capacity 1000 kW and Above segment, by capacity, is expected to grow faster than others. This is mainly because of key projects that focus on the generation of large scale hydrogen using power-to-gas in industries. In addition to this, there is also substantial investment and development of power-to-gas technology in this capacity range

The global enhanced oil recovery market size is projected to reach USD 43.3 billion by 2025 from an estimated USD 59.4 billion in 2020, at a CAGR of 6.5% during the forecast period. Increased production from mature fields and the upsurge in the oil & gas production by countries owing to rising demand from the Asia Pacific. This has led to the enhancement of productivity of oil & gas wells , thus driving the market for global enhanced oil recovery. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251660091 The enhanced oil recovery market has promising growth potential due to growing shale activities. It is difficult to extract oil & gas from shale reservoirs due to its highly impermeable nature. According to the IEA, shale production from the US alone is expected to increase by 100 million barrels per day. Shale development in other countries such as China and Argentina are also likely to boost the well production activities in these countries, which is expected to drive the enhanced oil recovery market in North America, Latin America, and Asia Pacific.

The global fuel cells market size is expected to grow from an estimated value of USD 342 million in 2019 to USD 1,059 million by 2024, at a CAGR of 25.4%, from 2019 to 2024. The global market is set to witness significant growth owing to the rising demand for clean energy generation methods in developed regions and emphasis on reducing carbon emissions from vehicles across all the major countries over the next few years. Browse 84 market data Tables and 34 Figures spread through 145 Pages and in-depth TOC on "Fuel Cells Market - Global Forecast to 2024" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=348 The transport segment is expected to hold the largest share of the fuel cells market, by application, during the forecast period The transport segment includes fuel cell-powered cars, heavy-duty trucks, buses, and trains in vehicles operated on land in fuel cell technology. This segment is expected to hold the major share in 2019 owing to the widespread adoption of low carbon-emitting transportation modes, such as fuel cell-powered cars, fuel cell-based public transport, and heavy-duty trucks & buses. Advances in fuel cell technology in the transport sector is used mainly in end-users, such as marine vehicles, fuel cell cars, and Unmanned Aerial Vehicles (UAVs). Asia Pacific is the largest transport advances in fuel cell technology market because of rapid the adoption of fuel cell-based transportation in countries such as China, Japan, and South Korea. All these factors are expected to boost the low voltage market growth.

The global CHP market is estimated to reach USD 20.69 Billion in 2018 and is projected to reach USD 27.01 Billion by 2023, at a CAGR of 5.48%, during the forecast period. The market is set to grow due to the increasing demand for energy efficiency and government incentives and programs to promote CHP. Browse 83 market data Tables and 36 Figures spread through 143 Pages and in-depth TOC on "Combined Heat & Power Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=26572447 The Above 300 MW segment is expected to hold the largest share of the combined heat & power market, by capacity, during the forecast period. The Above 300 MW segment consists of large coal, nuclear, or natural gas fired power plants, with gas turbines and steam turbines as the prime movers. The segment caters mainly to the utilities, district heating & cooling end-users. The segment is expected to be driven by the rising adoption of natural gas fired power generation in the Asia Pacific region, particularly in China and South Korea. The phasing out of coal-based power generation has given rise to large-scale natural gas-fired cogeneration plants. The rapid demand for heat and steam in industries and requirement of municipal district heating & cooling is driving the growth in this segment. The shale gas boom in North America is another driving factor for growth in this segment, with utility-scale natural gas fired power plants being set up in the region.