Tag: market research

Market Snapshot: Building Energy Efficiency

The concepts of green building and building energy efficiency seem to be everywhere, but what do they really mean, and how do they impact both our lives and the economy? The Department of Energy’s Building Technologies Office’s (BTO’s) Multi-Year Program Plan (MYPP) for Fiscal Years 2016-2020 is a helpful resource to learn about energy use in the buildings sector, new opportunities for cost-effective energy savings, the barriers to their achievement, and BTO’s strategies and goals for achieving significant reductions in building energy use intensity. According to the BTO, “We spend more than $400 billion each year to power our homes and commercial buildings, consuming approximately 74% of all electricity used in the United States, about 40% of our nation’s total energy bill. And much of this energy and money is wasted—over 30% on average. If we cut the energy use of U.S. buildings by 20%, we could save approximately $80 billion annually on energy bills and help create jobs.” Continue reading “Market Snapshot: Building Energy Efficiency”

Market Snapshot: Nuclear Energy

According to the U.S. Department of Energy, nuclear power has reliably and economically contributed almost 20% of electrical generation in the United States over the past two decades, and remains the single largest contributor (more than 70%) of non-greenhouse-gas-emitting electric power generation in the United States.

In order to deploy this type of power, a variety of key technologies are necessary. Small modular reactors (SMRs) are best suited to small electric grids and locations that cannot support large reactors, and can serve as a “plug and play” option, which reduces capital costs and construction times. They also offer utilities the flexibility to scale production as demand changes. Currently, the most common reactors in the United States are the Boiling Water Reactors (BWR) and Pressurized Water Reactors (PWR), both variants of the Light Water Reactor (LWR). The large majority of operating LWRs are PWRs – the primary difference is the combination of pressure and the temperature of the coolant, which enables major design differences between the two types of reactors. Advanced Reactor Technologies are being explored by DOE, including the Next Generation Nuclear Plant (NGNP) to demonstrate the technical viability of high temperature gas-cooled reactor (HTGR) technology and the Advanced Reactor Concepts (ARC) program supporting research for advanced reactor subsystems addressing long-term technical barriers for the development of advanced nuclear fission energy systems utilizing coolants such as liquid metal, fluoride salt, or gas. Continue reading “Market Snapshot: Nuclear Energy”

Market Research Snapshot: Solid-State Lighting (SSL)

When looking for current information on the Solid-State Lighting (SSL) market searching Frost & Sullivan, BCC Research, and MarketsandMarkets provides ample content to learn from. Frost & Sullivan reported that LED lighting was closing in on 40% penetration of the global lighting market in late 2014 and that the size of the global LED lighting market for 2016 is forecast to be $47,303 million. When comparing these figures to the global market for general lighting, BCC Research reports that this market is expected to grow to nearly $47.6 billion in 2018 with a compound annual growth rate (CAGR) of 9.8% over the five-year period from 2013 to 2018. With these broader figures in mind, BCC Research goes on to forecast that the global market for organic light emitting diodes (OLEDs) will be $9.6 billion in 2020, registering CAGR of 25.7% for the period 2015-2020. Furthermore, the report indicates that global shipments of high-brightness LEDs are projected to reach nearly $105.5 billion in 2019, a CAGR of 17.9% between 2014 and 2019. Research from MarketsandMarkets explores this space with a look at the markets for various usage areas, including the outdoor LED lighting market – projected to reach $21.95 billion by 2023, at a CAGR of 13.7% between 2017 and 2023. Accessing and utilizing this type of information from trusted analysts and sources provides us with the tools needed to accurately, and quickly size a market and explore market drivers, restraints, key players, and competitors in our research.

While subscription market research sources may provide the most in-depth coverage of a specific market or application area, free, public domain, government sources also provide valuable information that can help companies assess the potential for a technology and better understand the direction of research and development trends. For example, the Department of Energy’s Technology Roadmaps page contains multi-year plans outlining solid-state lighting goals, research and development initiatives focusing on accelerating technology advances and market penetration of solid-state lighting, and recent achievements. Market studies, technology fact sheets, and more are all available through the Department of Energy’s website. Recently, the National Academies of Sciences, Engineering, and Medicine (NAS) published a 116 page report, Assessment of Solid-State Lighting, Phase Two, as a follow-up to its 2013 report Assessment of Advanced Solid-State Lighting. This report, available for free download, covers such topics as, Public Policy and Deployment of New Lighting Technologies, Assessment of LED and OLED Technologies, SSL Applications, and Manufacturing.

Still looking for more? Trade associations, conferences, and events are an excellent way to gain first-hand experience with potential customers, partners, and influencers in the industry. A few upcoming events include the Optical Society November 2017 symposium which plans to cover all aspects of solid state lighting, ranging from new materials development and device physics to the design of efficient lighting optics. The Illuminating Engineering Society provides an events page, and Lightfair announced its 2018 dates.