GREENVILLE, S.C., April 26, 2019 /PRNewswire/ -- Duke Energy Progress is proposing a decrease in monthly fuel costs for its South Carolina customers beginning this summer as part of an annual adjustment of the actual cost of fuel used to generate electricity at its power plants.

Duke Energy Progress serves about 169,000 customers in the northeastern part of South Carolina, including Darlington, Florence and Sumter counties.

Duke Energy Progress makes a fuel cost recovery filing annually with the PSCSC. The fuel rate is based on the projected cost of fuel used to provide electric service to the company's customers, plus a true-up of the prior year's projection. By law, the company makes no profit from the fuel component of rates.

The company made its annual fuel filing Friday, April 26. If approved by the PSCSC, the new fuel rates would go into effect July 1.

Under the proposal, typical residential customers using 1,000 kilowatt-hours (kWh) per month would see their bills decrease from the current $122.49 to $120.54, a decrease of $1.95, or 1.6 percent.

Commercial customers would see an average decrease in their bills of about 2.1 percent, and industrial customers would receive an average decrease of about 4.4 percent.

The primary reason for the proposed overall decrease in rates is a lower under-collection of fuel costs included in the 2019 proposed rates than the under-collection of fuel costs reflected in existing rates.

Duke Energy Progress works to actively manage its fuel contracts to keep fuel costs as low as possible for customers. Savings achieved from the joint dispatch of Duke Energy's generation fleet in the Carolinas also help to minimize the company's fuel costs. The PSCSC reviews fuel costs and adjusts the fuel component of customer rates accordingly.

The proposed decrease would affect the bills of all Duke Energy Progress customers in South Carolina. The company's other South Carolina utility -- Duke Energy Carolinas -- will make its annual fuel filing in July.

To help customers take control of their energy use and manage their bills, Duke Energy Progress offers energy-saving tips and innovative efficiency programs for every budget to help customers realize additional savings.

For example, the Home Energy House Call is a free in-home energy assessment, valued at $180, designed to give Duke Energy customers more information about how they use energy in their home and strategies to save money on their monthly bill.

To learn more about these programs, visit www.duke-energy.com/savings.

A separate request to increase base rates proposed in November is currently being considered by the Public Service Commission of South Carolina (PSCSC). The PSCSC will determine the appropriate price customers pay in base rates in the coming weeks after what has been a thorough and very transparent public review process.

Duke Energy Progress

Duke Energy Progress, a subsidiary of Duke Energy, owns nuclear, coal, natural gas, renewables and hydroelectric generation. That diverse fuel mix provides about 12,700 megawatts of owned electric capacity to approximately 1.6 million customers in a 32,000-square-mile service area of North Carolina and South Carolina.

Duke Energy (NYSE: DUK), a Fortune 125 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune's 2019 "World's Most Admired Companies" list, and Forbes' 2019 "America's Best Employers" list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

24-Hour: 800.559.3853

SOURCE Duke Energy

Related Links

http://www.duke-energy.com

Read more: Fuel savings will decrease bills for Duke Energy...

CHICAGO, April 26, 2019 /PRNewswire/ -- According to the new market research report "Hybrid Train Market by Propulsion (Battery Operated, Electro Diesel, CNG, LNG, Electro Diesel, Hydrogen & Solar), Operating Speed (Below 100 km/h, 100-200 km/h, & Above 200 km/h), Application (Passenger and Freight), and Region - Global Forecast to 2030", published by MarketsandMarkets™, the global Hybrid Train Market is projected to grow from 5,429 Units in 2019 to reach 9,109 Units by 2030, at a CAGR of 4.8%.

Browse and in-depth TOC on "Hybrid Train Market"

48 – Tables

50 – Figures

157 – Pages  

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238438631     

The growth of the Hybrid Train Market is influenced by factors such as the growing demand for energy-efficient transport and the public transport as a means of reducing traffic congestion. Additionally, commuters demand transit options that can be more eco-friendly, reliable, and cost-effective alternatives to personal transportation.

Asia Pacific region is expected to lead the market during the forecast period

Asia Pacific is expected to be the largest market. The market growth in the region can also be attributed to the rising demand for energy efficient transportation system along with several initiatives by private organizations as well as governments of the countries. China's rapidly growing economy is driving the expansion of advanced technology train network to improve transport systems in the country India's economic growth and rapidly growing population have made it imperative for the country to enhance its public transportation system. A CNG operated train has already been introduced in north India in 2015. In Europe, Germany is estimated to be the largest Hybrid Train Market.

Freight market is expected to grow at the fastest CAGR

The freight segment is expected to be the fastest market. Freight is an important pillar in any country's economy as it is a major transporting medium. It is cheaper and safer than any other mode of transport. A strong railway network is an indicator of the strong economic condition of a country. The US is leading the freight train market in the world with around 2.6 trillion tonne-kilometers yearly, followed by China with 2.5 trillion tonne-kilometers annually. In 2017, the freight transported by rail between the US, Canada, and Mexico accounted for USD 16.1 billion. Introducing innovative rail technologies in freight is also essential to control carbon emission.

Asia Pacific: China is expected to lead the Asia Pacific market

The Asia Pacific region is estimated to be the fastest growing market. Asia Pacific comprises emerging economies such as China and India along with developed economies such as Japan. Asia Pacific is the largest market for the rail industry. Infrastructural developments and industrialization in the emerging economies have opened new avenues, creating several opportunities for OEMs. The implementation of new technologies and the establishment of new government regulations are driving this market in this region.

Request for Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=238438631   

Some of the key players in the Hybrid Train Market are Alstom (France), Bombardier (Canada), CRRC (China), Kawasaki (Japan), and Siemens (Germany).

Browse Related Reports:

Rolling Stock Market - GLOBAL FORECAST TO 2025

by Product Type (Locomotives, Rapid Transit (DMU, EMU, Light Rail, Metro) Wagons, Coaches), Locomotive Propulsion (Diesel and Electric), Application (Passenger & Freight), Components, Technology & Region

Overhead Catenary System Market - GLOBAL FORECAST TO 2025

by Overhead Catenary System Market by Catenary Wire (Simple, Stitched, Compound), Train (Metro, Light Rail, High-Speed Rail), Voltage (Low, High), Component (Catenary Wire, Dropper, Insulator, Cantilever), Material, Track & Region

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/hybrid-train-market.asp      

Visit Our Website: https://www.marketsandmarkets.com

SOURCE MarketsandMarkets

Read more: Hybrid Train Market Worth 9,109 Units by 2030 -...

GUELPH, Ontario, April 25, 2019 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced the filing of its annual report on Form 20-F for the year ended on December 31, 2018 with the U.S. Securities and Exchange Commission ("SEC").  The annual report on Form 20-F can be accessed on the Company's Investor Relations website at www.canadiansolar.com or on the SEC's website at www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed for the attention of the Investor Relations Department to Canadian Solar Inc., 545 Speedvale Avenue West Guelph, Ontario, Canada N1K 1E6. 

About Canadian Solar

Canadian Solar was founded in 2001 in Canada and is one of the world's largest and foremost solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale power projects in various stages of development. Over the past 18 years, Canadian Solar has successfully delivered over 32 GW of premium quality modules to customers in over 150 countries around the world. Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

SOURCE Canadian Solar Inc.

Related Links

http://www.canadiansolar.com

Read more: Canadian Solar Files Annual Report on Form 20-F...

The two clean-energy providers signed the strategic partnership during a visit by Shanghai Electric's Chairman and CEO Zheng Jianhua to Saudi Arabia on April 16. The scope of the cooperation covers a range of energy projects, including gas turbines construction, desalination development, thermal, photovoltaic, solar thermal, wind and combined cycle power generation.

As part of the "2030 Vision" reform plan, the Saudi government aims to expand renewable energy generation to represent 30% of the country's energy supply by 2030. Shanghai Electric has worked alongside ACWA Power to construct solar facilities since April 2018 in contribution towards this target.

"This win-win partnership will allow us to work more closely with ACWA Power to develop clean-energy projects globally and to build our brand internationally as we continue to expand operations along initiative countries." said Zheng, adding that the Group plans to invest more in the region over the next several years.

Shanghai Electric has made efforts to grow overseas. In 2018, the Group's overseas business income exceeded RMB 11.2 billion (about US$1.67 billion). Approximately 11% of this growth is attributable to global investment enterprise income, international engineering income and export business income.

To support the brand's expansion, Shanghai Electric follows methods for global development. The first method has seen the company establish new enterprises in nine Belt and Road countries, including Vietnam, India, Saudi Arabia, Iraq and Malaysia. The second concurrent phase of development sees the brand expand its project footprint in initiative countries. Recent wins include the coal-electricity integration project in Pakistan Thar; the solar-thermal power project in Dubai; the power projects in Pakistan Qasim and Sahiwal; and constructions of the Panamanian and Serbian gas turbine projects.

About Shanghai Electric Group Co., Ltd.

Shanghai Electric Group Co., Ltd. (Shanghai Electric), listed in Shanghai and Hong Kong, is a large integrated equipment manufacturing enterprise specialized in energy equipment, industrial equipment and integration services. Since the 1990s, Shanghai Electric's sales revenues have ranked in the top 3 Chinese equipment manufactures. In 2017, Shanghai Electric was selected as one of the Top 500 Global Manufacturing Companies, entering into the Fortune China Top 500 in the same year. The Group is ranked within the top 100 of ENR's 2018 Top 250 International Contractors and has a brand value of 70.6 billion yuan.

SOURCE Shanghai Electric

Read more: Shanghai Electric Signs MOU with Saudi's ACWA...

ENGIE announces today the signing of an agreement with Riverstone Holdings LLC, a global energy-focused investment firm, for the sale of its shares in coal-fired power plants in the Netherlands and in Germany.

The assets sold are the coal-fired power plants of Rotterdam1 in the Netherlands, Farge1, Zolling3 and Wilhelmshaven4 in Germany. These assets represent a total installed capacity of 2,345 MW. The proposed transaction will reduce ENGIE’s net consolidated debt by approximately 200 million euros. This sale is subject to customary conditions, with closing expected during the second semester 2019.

After this sale, coal will represent 4% of ENGIE’s global power generation capacities, down from 13% at the end of 2015 when the Group announced that it would gradually close or dispose of its coal assets and no longer build any new coal plants. In the past 3 years, ENGIE has reduced its coal-based electricity generation capacity by approximately 75%.

Isabelle Kocher, ENGIE CEO, said: “This transaction is fully in line with the Group's strategy to be the world leader in the zero-carbon transition. We are focusing investments on solutions for corporates and local authorities, large-scale development of renewable energy and the necessary adaptation of power and gas networks to the energy transition. We will allocate 12 billion euros to these activities from 2019 to 2021, as previously announced during our Capital Market Day held this past February 28th”

As a leading actor in the energy sector in Germany and the Netherlands with 11,000 employees, ENGIE will pursue investments in these two countries with the ambition to lead and speed up the zero carbon transition for all its clients.

1731 MW – 100% ENGIE shareholding
2350 MW – 100% ENGIE shareholding
3472 MW – 100% ENGIE shareholding, in addition a biomass power plant (21 MW, a 50% ENGIE owned unit) and gas turbines (46 MW, 100% ENGIE shareholding)
4726 MW, 52% owned by ENGIE

Read more: ENGIE to sell its German and Dutch coal assets...

Obie firmy trudniące się generacją czystej energii podpisały dokument o współpracy strategicznej w trakcie wizyty przewodniczącego i głównego dyrektora wykonawczego Shanghai Electric Zhenga Jianhua w Arabii Saudyjskiej w dniu 16 kwietnia. Zakres współpracy obejmie projekty energetyczne, w tym na budowę turbin gazowych, rozwój systemów odsalania, a także generację energii termalnej, fotowoltaicznej, słonecznej termalnej, wiatrowej i w cyklach kombinowanych.

Zgodnie z planem reformy „2030 Vision", rząd saudyjski zamierza zwiększyć generację energii odnawialnej tak, aby stanowiła ona 30% zużycia energetycznego kraju do roku 2030. Firma Shanghai Electric współpracowała z ACWA Power przy budowie zakładów solarnych od kwietnia 2018 r., wnosząc wkład w realizację planu.

– Partnerstwo z obustronnymi korzyściami pozwoli nam na ściślejszą współpracę z ACWA Power w zakresie realizacji projektów czystej energii na całym świecie i budowę naszej marki na skalę międzynarodową wraz z ciągłą ekspansją działalności w krajach objętych inicjatywą – skomentował Zheng dodając, że grupa planuje dodatkowe inwestycje w regionie w najbliższych latach.

Firma Shanghai Electric wkłada wysiłek w rozwój zagraniczny. W 2018 r. działalność zagraniczna firmy przekroczyła 11,2 miliarda RMB (około 1,67 miliarda dolarów). Około 11% wzrostu jest wynikiem przychodu z globalnych inwestycji, inżynierii międzynarodowej i eksportu.

W celu wsparcia ekspansji marki firma Shanghai Electric wdraża specjalne metody globalnego rozwoju. W ramach pierwszej z nich grupa założyła działalność w dziewięciu krajach objętych Inicjatywą Pasa i Drogi, w tym w Wietnamie, Indiach, Arabii Saudyjskiej, Iraku i Malezji. Druga, jednocześnie realizowana metoda opiera się na zwiększaniu obecności w krajach inicjatywy, w których firma już realizuje projekty. Do ostatnich sukcesów należy projekt integracji węgla i elektryczności w Pakistan Thar, projekt energii solarno-termalnej w Dubaju, projekty energetyczne w Pakistan Qasim i Sahiwal oraz realizacja projektów turbin gazowych w Panamie i Serbii.

O Shanghai Electric Group Co., Ltd.

Firma Shanghai Electric Group Co., Ltd. (Shanghai Electric), notowana na giełdach w Szanghaju i Hongkongu, to duży producent sprzętu zintegrowanego specjalizujący się w urządzeniach energetycznych, sprzęcie przemysłowym i usługach integracji. Już od lat dziewięćdziesiątych przychody ze sprzedaży Shanghai Electric plasują firmę w czołowej trójce chińskich producentów sprzętu. W 2017 r. firma Shanghai Electric została wybrana na jedno z czołowych 500 przedsiębiorstw produkcyjnych na świecie, a w tym samym roku grupa trafiła także na listę Fortune China Top 500. Grupa plasuje się w czołowej 100 wiodących 250 międzynarodowych podwykonawców ENR na rok 2018, a wartość marki firmy wynosi 70,6 miliarda juanów.

Zdjęcie - https://mma.prnewswire.com/media/877235/Shanghai_Electric.jpg  

SOURCE Shanghai Electric

Read more: Shanghai Electric podpisuje protokół...

NEW YORK, April 25, 2019 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5771120/?utm_source=PRN

Summary
Global Concentrated Solar Power (CSP) capacity is estimated to increase significantly from 5.6 gigawatt (GW) in 2018 to 22.4 GW in 2030 following significant capacity additions by China, Chile and countries in Middle East North Africa (MENA) region. The prospects of the global Concentrated Solar Power (CSP) market are bright with improved efficiencies, energy storage, cost reduction through competitive bidding and the development of PV-CSP hybrid systems.

The Concentrated Solar Power (CSP) industry added around 601 megawatt (MW) annual capacity in 2018 with projects being operational in countries such as Morocco, China, South Africa, Saudi Arabia and Kuwait.China added around 200 MW of Concentrated Solar Power (CSP) capacities in 2018 which is almost seven times its cumulative installed capacity at the end of 2017.

China Concentrated Solar Power (CSP) market gained momentum after the announcement of 20 Concentrated Solar Power (CSP) projects as part of the first batch of demonstration projects, which will get a feed in tariff (FIT) of RMB1.15/kWh ($0.172/kWh).

Chile will be another major country, which will have significant Concentrated Solar Power (CSP) capacity additions during the outlook period.The Concentrated Solar Power (CSP) market in Chile is mainly driven by its goal to achieve 20% renewable of the national energy mix by 2025.

In order to achieve its goal, the country held a series of technology neutral auctions through which the average tariff plummeted from $129/MWh in 2013 to $32.5/MWh in 2017.

In Middle East Africa (MEA), countries such as Morocco, South Africa, Saudi Arabia, the UAE and Israel will play a major role for Concentrated Solar Power (CSP) development during 2019-2030.Morocco had set a plan to source 2 GW from solar power by 2020.

The country plans to set up and implement sustainable Concentrated Solar Power (CSP) plants to cover 42% of Morocco's power needs by 2020.On the other hand, the UAE is promoting solar through auction mechanism.

In July 2017, Dubai Electricity and Water Authority (DEWA) received four bids for the fourth phase of the 200 MW Mohammed bin Rashid Al Maktoum solar project.

The global CSP market is on a revival mode with reducing cost of generation through auction mechanism and hybrid PV-CSP. CSP with thermal storage will gain prominence due to increasing demand for reliable and stable power.

"Concentrated Solar Power (CSP) Market, Update 2019 - Global Market Size, Market Segmentation, Competitive Landscape and Key Country Analysis to 2030", is the latest market analysis report that offers comprehensive information and understanding of the CSP market. The report provides a clear overview of and detailed insight into the global Concentrated Solar Power (CSP) market. It explains the key drivers and challenges affecting the market and provides data covering historic and forecast average capital cost, market size, installed capacity, installed capacity share by technology type, project status and electricity generation, globally and in five key Concentrated Solar Power (CSP) markets - US, Spain, India, Morocco, and South Africa.

The report also provides information on key owners and developers in some of the major countries.The report also covers five upcoming Concentrated Solar Power (CSP) markets as well as other countries where Concentrated Solar Power (CSP) has its presence.

Emerging countries covered in the report include - China, Israel, Chile, United Arab Emirates (UAE), Saudi Arabia, Australia, Italy, Egypt, Algeria, Turkey, Mexico, Greece, Germany, France, Iran, Thailand, Portugal and Brazil.

Scope
The report analyses the solar thermal market.

Its scope includes -
- Market study at global level and for five key countries such as US, Spain, India, Morocco and South Africa.
- Coverage of the key growth drivers and challenges related to each country's CSP market, analysis on project status and competitive environment.
- Historic (2010-2018) and forecast data (2019-2030) for cumulative and annual installed CSP capacity
- Average capital cost and market size for the 2010-2018 period, and forecast for the 2019-2030 period.
- Segmentation on cumulative installed capacity based on region / state and technology type such as compact linear Fresnel, power tower, parabolic trough and parabolic dish reflector.
- Upcoming CSP countries such as China, Israel, Chile, United Arab Emirates (UAE) and Saudi Arabia are covered in the report.
- A brief overview, installed capacity and generation trends, key drivers, restraints and challenges and information on policy support for CSP is covered for upcoming countries.
- The report also provides a brief snapshot on the status of CSP market in countries such as Australia, Italy, Egypt, Algeria, Turkey, Mexico, Greece, Germany, France, Iran, Thailand, Portugal and Brazil.

Reasons to buy
The report will allow you to -
- Facilitate decision-making by providing historical and forecast data in the CSP sector
- Develop business strategies by understanding the trends shaping and driving the CSP market
- Position yourself to gain the maximum advantage of the industry's growth potential
- Maximize potential in the growth of the CSP market
- Identify key partners and business-development avenues
- Respond to business structure, strategy and prospects.

Download the full report: https://www.reportbuyer.com/product/5771120/?utm_source=PRN

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +1 (718) 213 4904
Website: www.reportbuyer.com

SOURCE ReportBuyer

Related Links

http://www.reportbuyer.com

Read more: Concentrated Solar Power (CSP) Market, Update...

SAN JOSE, Calif., April 25, 2019 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR) will discuss its first-quarter 2019 financial results on a conference call, Thursday, May 9, 2019 at 1:30 p.m. Pacific Time. The call-in number is (877) 371-5747 passcode: SunPower, or the webcast can be accessed from SunPower's website at http://investors.sunpower.com/events.cfm.

The earnings press release and supplemental financial information will be available on SunPower's website at http://investors.sunpower.com/events.cfm at 1:05 p.m. Pacific Time on May 9, 2019.

About SunPower
As one of the world's most innovative and sustainable energy companies, SunPower (NASDAQ: SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower's more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, and North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.

©2019 SunPower Corporation.  All Rights Reserved.  SUNPOWER and the SUNPOWER logo are registered trademarks of SunPower Corporation in the U.S. and other countries as well.

SOURCE SunPower Corp.

Related Links

http://www.sunpowercorp.com

Read more: SunPower to Announce First-Quarter Results on...

RICHMOND, Va., April 25, 2019 /PRNewswire/ -- Urban Grid, a leading developer of solar projects throughout the United States, is pleased to announce that NextEnergy Capital through their fund NextPower III, has acquired two of our solar development projects, totaling approximately 46MWp/34MWac, in Henrico County and Westmoreland County, VA.

The two solar projects, Briel Farm Solar (28MWp/20MWac) and Gardy's Mill Solar (18MWp/14MWac), will cover approximately 300 acres and generate electricity equivalent to the consumption of 9,785 homes.

These two projects represent NextEnergy Capital's first utility-scale solar venture in the United States for their new fund, NextPower III.

The estimated $40m construction cost of the two projects will generate over 120 jobs. Construction will commence immediately with the projects expected to reach commercial operation by March 2020. The solar projects will provide direct and indirect economic benefits to the Commonwealth of Virginia of approximately $21m and will offset approximately 123,706,737 pounds of CO2 annually.

Frank DePew, President of Urban Grid commented "Urban Grid is excited to announce the acquisitions of these two projects by NextEnergy. Our team members successfully partnered previously with NextEnergy on several solar projects in the UK and we are pleased to continue that relationship with the sale of Briel Farm Solar and Gardy's Mill Solar, facilitating NextEnergy's expansion into the US market. Urban Grid looks forward to continuing to bring exceptional development projects and economic benefits to the Commonwealth of Virginia. We are grateful to the many individuals that made these projects possible, especially those at Henrico County and Westmoreland County for their support and cooperation throughout the development process."

Michael Bonte-Friedheim, CEO and Founding Partner of NextEnergy Capital highlighted "We are very pleased to announce NextPower III's first investments in the US solar market, where we expect to grow significantly in short order.  We are also looking forward to strengthening the partnership with Urban Grid and developing our relationships within the local communities and institutions.  Our track record of fostering mutually beneficial relationships in the communities in which we operate is something we are particularly proud of."

About Urban Grid
Urban Grid is a leading developer of utility-scale solar power plants. Founded in Richmond, Virginia, in 2011, with offices in Virginia, Washington, DC, and Maryland, Urban Grid has completed the development of approximately 646 MWp of solar projects and currently has more than 5,600 MWp of solar projects under development. Our team has a proven track record of delivering solar energy solutions for corporate, utility, and municipal clients to meet their sustainability and renewable energy goals.  www.urbangridco.com

About NextEnergy Capital
NextEnergy Capital ("NEC") Group is one of the leading international investment and asset managers focused on the solar sector. Founded in 2007, NEC has over 140 employees across five offices, including London, Milan, Hyderabad, Luxembourg and Guernsey. Since inception it has acquired over 150 solar assets and NextEnergy Capital Limited currently manages c.$1.5 billion worth of solar investments.

NextPower III is a private equity fund established to invest in the international solar sector, specifically to fund the construction and long-term ownership of solar power plants. NextPower III's target markets comprise mainly OECD and OECD Key Partner countries. It has initial commitments of c.US$160m, secured at its first close in November 2018, and a target size of US$750m. In the UK, the NextEnergy Solar Fund (NESF) is listed on the London Stock Exchange and is the largest listed solar infrastructure company in Europe.  It has invested over £894 million into operating solar assets, amassing a portfolio of 87 operational sites, with a total capacity of 691MW. Of the 87 sites, 7 are in Italy and there are 3 portfolios of UK rooftop assets.

SOURCE Urban Grid

Related Links

urbangridco.com

Read more: Urban Grid announces NextEnergy Capital's...

KYOTO, Japan--(BUSINESS WIRE)--Kyocera Corporation (TOKYO:6971) today announced its consolidated financial results for the fiscal year ended March 31, 2019 (“fiscal year 2019” or “the period”), as summarized below. From the start of this fiscal year, Kyocera Corporation and its consolidated subsidiaries have adopted International Financial Reporting Standards (“IFRS”) in lieu of U.S. Generally Accepted Accounting Principles. Financial figures for the prior fiscal year have been reclassified below in accordance with IFRS for comparative analysis. Complete details are available at: https://global.kyocera.com/ir/library/f_results.html

Consolidated Results: Year-Over-Year

Unit: Millions (except percentages and per-share amounts)
    Year Ended March 31,

2018
(FY18)
in JPY

 

2019
(FY19)
in JPY

  Change    

2019
(FY19)
in USD

   

2019
(FY19)
in EUR

 

Amount
in JPY

  %
Sales revenue: 1,577,039 1,623,710 46,671 3.0 14,628 12,990
Operating profit: 90,699 94,823 4,124 4.5 854 759
Profit before income taxes: 129,992 140,610 10,618 8.2 1,267 1,125

Profit attributable to owners of
the parent:

79,137 103,210 24,073 30.4 930 826

Earnings per share attributable
to owners of the parent (basic):

  215.22   284.94  

-

 

-

    2.57     2.28

Note on exchange rates: U.S. dollar (USD) and euro (EUR) conversions are provided above as a convenience to the reader,
based on the rates of USD1 = JPY111 and EUR1 = JPY125, rounded to the nearest unit (as of March 29, 2019)

Summary
For the second consecutive year, Kyocera Corporation (“the Company”) attained record consolidated sales revenue, totaling JPY1,623,710 (USD14,628) million, an increase of 3.0% over the prior year. The increase was driven by holistic sales expansion as well as mergers and acquisitions in both the Electronic Devices and the Industrial & Automotive Components segments. Sales revenue in the Life & Environment segment decreased due to a decline in orders for solar energy products.

Profits increased over the prior year due to the greater total sales revenue, as well as successful cost reduction efforts. Together, these factors more than offset an extraordinary expense of JPY52,313 (USD471) million related to the settlement of long-term purchase agreements for polysilicon raw material in the solar energy business, and an impairment loss totaling JPY16,184 (USD146) million related to machinery, equipment, goodwill and intangible assets in the organic materials business. As a result, operating profit increased by JPY4,124 (USD37) million, or 4.5%, to JPY94,823 (USD854) million; profit before income taxes increased by JPY10,618 (USD96) million, or 8.2%, to JPY140,610 (USD1,267) million; and profit attributable to owners of the parent increased by JPY24,073 (USD217) million, or 30.4%, to JPY103,210 (USD930) million in fiscal 2019 as compared with fiscal 2018, due in part to lower tax expenses. The major reasons for the lower tax expenses are that Kyocera’s U.S. subsidiaries, including AVX Corporation recorded additional tax expenses in the prior fiscal year due to tax law revisions in the United States. Additionally, Kyocera recognized deferred tax assets related to tax losses carried forward from the merger of Kyocera Display Corporation into Kyocera Corporation in fiscal 2019.

Averaged exchange rates during fiscal year 2019 show the Japanese yen unchanged against the U.S. dollar, at JPY111; and stronger by approximately 1.5% against the Euro, to JPY128, as compared to the averaged rates of the prior year. This had the effect of decreasing sales revenue and profit before income taxes by approximately JPY7,500 (USD68) million and JPY2,000 (USD18) million, respectively.

Consolidated Q4 Results, Year-Over-Year

Unit: Millions (except percentages)
    Three Months Ended March 31,
2018

(FY18-Q4)

in JPY

  2019

(FY19-Q4)

in JPY

  Change   2019

(FY19-Q4)

in USD

  2019

(FY19-Q4)

in EUR

  Amount

in JPY

  %
Sales revenue: 432,023   409,293 (22,730 ) (5.3 ) 3,687 3,274
Operating profit: (17,623 ) 34,247 51,870   -   309 274
Profit before income taxes: (17,270 ) 36,510 53,780   -   329 292

Profit attributable to owners of
the parent:

  (13,951 )   23,791   37,742     -     214   190
(See note above regarding exchange rates.)
 

Consolidated Forecast: Year Ending March 31, 2020

The components businesses are expected to grow during the fiscal year ending March 31, 2020 (“fiscal 2020”), led by rising demand for 5G telecommunications infrastructure equipment, even as the smartphone market itself is expected to slow down. In automotive-related markets, rising adoption of advanced driver-assist systems (ADAS) and related products is expected to boost demand as well. In the Document Solutions segment, the company will seek growth through strategic mergers and acquisitions. Through these initiatives, the company will aim to achieve record sales revenue for the third consecutive year.

In fiscal 2020, the company forecasts increased depreciation costs resulting from aggressive capital investment, as well as higher costs associated with creating new businesses and developing new markets. In addition, one-time costs are planned for celebratory events recognizing the company’s 60th anniversary. The company will pursue the profit forecasts below by improving profitability in the solar energy and organic materials businesses, building on structural reforms implemented in fiscal 2019, and accelerating a company-wide project to double productivity through the use of artificial intelligence (AI) and automation technologies.

The company anticipates exchange rates of JPY105 to the U.S. dollar, and JPY120 to the euro, during the fiscal year ending March 31, 2020.

 
Unit: Yen in millions (except percentages, per-share amounts and exchange rates)
   

Fiscal 2019
Results

 

Fiscal 2020
Forecast

 

Change
(%) from
Fiscal 2019
Results

Sales revenue: 1,623,710 1,700,000 4.7
Operating profit: 94,823 140,000 47.6
Profit before income taxes: 140,610 180,000 28.0

Profit attributable to owners of the
parent:

103,210 125,000 21.1

Earnings per share attributable to
owners of the parent (basic):

284.94 345.10 * -
Average USD exchange rate: 111 105 -
Average EUR exchange rate:   128   120   -
*Based on the average number of shares outstanding during the year ended March 31, 2019
 

Forward‐Looking Statements
Please refer to https://global.kyocera.com/ir/disclaimer.html

About KYOCERA
Kyocera Corporation (TOKYO:6971) (https://global.kyocera.com/), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of industrial and automotive components, semiconductor packages, electronic devices, solar power generating systems, printers, copiers and mobile phones. Kyocera appears on the “Derwent Top 100 Global Innovators 2018-19” list by Clarivate Analytics and is ranked #612 on Forbes magazine’s 2018 “Global 2000” list of the world’s largest publicly traded companies.

Read more: KYOCERA Announces Consolidated Financial Results...

DUBLIN, April 25, 2019 /PRNewswire/ -- The "Active Network Management Market by Component (Software and Services), Service (Professional and Managed Services), Organization Size (SMEs and Large Enterprises), Application Area (Power, Energy & Utilities), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global Active Network Management (ANM) market size is expected to grow from USD 682 million in 2018 to USD 1,411 million by 2023, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period.

Major growth factors for the market include increasing demand for uninterruptible transmission of electricity among end users and efficient power management solutions. However, high cost of ANM technology deployment may restrain the ANM market growth.

Major vendors in the global ANM market include GE (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US), Landis+Gyr (Switzerland), Cisco (US), IBM (US), Oracle (US), Smarter Grid Solutions (UK), Indra (Spain), Chemtrols Industries (India), Camlin (Ireland), Ziv (France), and Argand Solutions (UK).

In the power segment, power grids segment to grow at a higher CAGR during the forecast period

Under the power segment, the ANM market has been segmented into power generation and power grids. The power grids segment is expected to grow at the higher CAGR in the ANM market during the forecast period. Major growth factors for the segment include increasing efficiency of power generation and reducing the losses in transmission, distribution, and consumption of electrical energy.

The software segment to hold a larger market size during the forecast period

The software segment is expected to hold a larger market size in the ANM market during the forecast period. ANMis real-time testing software and smart tool for distribution grids. The software helps monitor and control the operations of all network components, such as smaller energy generators, renewable generation, and storage devices. Need for controlling voltage fluctuations within the power and electric grid networks is driving the adoption of ANM software.

North America to account for the highest market share, whereas Asia Pacific (APAC) to grow at the highest CAGR

North America is projected to hold the highest share of the ANM market from 2018 to 2023, owing to the early adoption of the ANM solution in the region across various application areas, such as power, and energy and utilities. The concentrated presence of a large number of ANM solution and services providers in the US of the North American region is also expected to drive revenue growth.

The APAC market is expected to grow at the highest CAGR during the forecast period. The region is expected to witness notable adoption of the technology, as enterprises across the utilities industry are now adopting ANM solutions to better manage smart grid applications.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Factor Analysis
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Active Network Management Market
4.2 Market By Component, 2018
4.3 Market By Service, 2018
4.4 Market Share of Professional Services and Top 3 Regions, 2018
4.5 Market By Organization Size, 2018
4.6 Market Top 2 Application Areas
4.7 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Need for Smart Grid Optimization Via Automation for Efficient Transmission of Electricity
5.2.1.2 Growth in Renewable Energy (Solar and Wind Power) Commercialization
5.2.1.3 Increasing Demand for Uninterruptible Transmission of Electricity Among End Users
5.2.2 Restraints
5.2.2.1 High Cost of ANM Technology Deployment
5.2.3 Opportunities
5.2.3.1 Growth in Adoption of IoT/Connected Devices Across the Energy and Utilities Ecosystem
5.2.3.2 Rising Number of Smart City Projects Leading to the Adoption of Smart Energy Distribution Strategies
5.2.4 Challenges
5.2.4.1 Integration of Smart Grid Technologies With Existing Systems

6 Active Network Management Market, By Component
6.1 Introduction
6.2 Software
6.2.1 Need for Controlling Voltage Fluctuations Within Power and Electric Grid Networks to Drive the Adoption of Active Network Management Software
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.1.1 Need for Enhancing Organizations' Strategic Outlook to Drive the Demand for Consulting Services
6.3.1.2 System Integration
6.3.1.2.1 Integration Services to Ease the Complexities in Deploying Various Solutions in IT Infrastructures
6.3.1.3 Support and Maintenance
6.3.1.3.1 Growing Need for Emergency Response Management to Drive the Demand for Support and Maintenance Services
6.3.2 Managed Services
6.3.2.1 Need for Expertise During Integration of Two Different Technologies on the Same Platform to Generate the Demand for Managed Services

7 Active Network Management Market, By Organization Size
7.1 Introduction
7.2 Small and Medium-Sized Enterprises
7.2.1 Early Adoption of ANM Software and Services to Drive the Growth of ANM Market Among SMEs
7.3 Large Enterprises
7.3.1 Cost Benefits of ANM Software to Boost the Adoption of ANM Software Among Large Enterprises

8 Active Network Management Market, By Application Area
8.1 Introduction
8.2 Power
8.2.1 Power Generation
8.2.1.1 Thermal Power Plants
8.2.1.1.1 Complex Nature of Distributed Thermal Power Plants to Drive the Adoption of ANM Software in Thermal Power Plants
8.2.1.2 Nuclear Power Plants
8.2.1.2.1 Increasing Need to Configure Network Infrastructure Driving the Adoption of ANM Software in Nuclear Power Plants
8.2.1.3 Renewable Power Plants
8.2.1.3.1 Growing Demand for ANM Software to Drive the Growth of ANM Market in Renewable Power Plants
8.2.2 Power Grids
8.2.2.1 Increasing the Efficiency of Power Generation and Reducing the Losses in Transmission, Distribution, and Consumption of Electrical Energy to Drive the Adoption of ANM Software in Power Grids
8.3 Energy and Utilities
8.3.1 Oil and Gas
8.3.1.1 Need to Control the Flow of Oil and Gas in Field-Area Networks Driving the Growth of ANM Market in the Oil and Gas Sector
8.3.2 Electric Power Transmission
8.3.2.1 Need to Supervise, Control, Optimize, and Manage Flows in Transmission Systems Driving the Adoption of ANM Software in Electric Power Transmission
8.3.3 Water Treatment and Distribution
8.3.3.1 Need to Secure the Industrial Networks and Extensive Network Infrastructures Driving the Adoption of ANM Software in Water Treatment and Distribution
8.4 Others

9 Active Network Management Market, By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.1.1 Growing Adoption of Smart Grid Technology to Drive the Growth of ANM Market in the US
9.2.2 Canada
9.2.2.1 Rising Energy Demand and Increasing Smart Meter Deployment to Drive the Growth of ANM Market in Canada
9.3 Europe
9.3.1 United Kingdom
9.3.1.1 Rise in Energy Production to Drive the Adoption of ANM Software in the UK
9.3.2 Germany
9.3.2.1 Increasing Investments in Renewable Energy Plants to Drive the Growth of ANM Market in Germany
9.3.3 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Growing Need for Efficient Energy Transportation to Drive the Growth of ANM Market in China
9.4.2 India
9.4.2.1 Increasing Investments in Solar Power Generation to Drive the Growth of ANM Market in India
9.4.3 Japan
9.4.3.1 Increasing Demand for Renewable Sources to Drive the Growth of ANM Market in Japan
9.4.4 Rest of Asia Pacific
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Need to Increase Energy Efficiency and Reduce Operating Costs Driving the Growth of ANM Market in the Middle East
9.5.2 Africa
9.5.2.1 Presence of Growing Economies to Drive the Growth of ANM Market in Africa
9.6 Latin America
9.6.1 Brazil
9.6.1.1 Increasing Investments in Distributed Power Generation to Drive the Growth of ANM Market in Brazil
9.6.2 Mexico
9.6.2.1 Need to Monitor Electricity Usage in Power Grids Driving the Growth of ANM Market in Brazil
9.6.3 Rest of Latin America

10 Competitive Landscape
10.1 Competitive Leadership Mapping
10.1.1 Visionary Leaders
10.1.2 Innovators
10.1.3 Dynamic Differentiators
10.1.4 Emerging Players
10.2 Strength of Product Portfolio
10.3 Business Strategy Excellence
10.4 Key Developments in the Active Network Management Market
10.4.1 Partnerships, Agreements and Collaborations
10.4.2 New Product Launches/Product Enhancements
10.4.3 Mergers and Acquisitions
10.4.4 Business Expansions

11 Company Profiles
11.1 Introduction
11.2 ABB
11.3 Oracle
11.4 GE
11.5 Schneider Electric
11.6 Siemens
11.7 Cisco
11.8 IBM
11.9 Itron
11.10 Landis+GYR
11.11 Indra
11.12 Chemtrols Industries
11.13 Camlin
11.14 Smarter Grid Solutions
11.15 ZIV
11.16 Argand Solutions

For more information about this report visit https://www.researchandmarkets.com/r/qfds23

Media Contact:

Laura Wood, Senior Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.  

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

Read more: The Global Active Network Management (ANM)...

The solar array installed at My Possibilities (3601 Mapleshade Lane) was funded in part via a $200,000 grant from SUN CLUB, an initiative of Green Mountain Energy dedicated to investing in nonprofits to advance sustainability for people and for the planet. The cost of the solar system was further offset with a utility company rebate that is made available periodically. (SUN CLUB's grant also provided funding for hydroponic sheds for the organization, which provide a low-energy, low-water environment for growing fresh produce year-round.)

My Possibilities selected Dallas-based Sunfinity Renewable Energy to design and install the 471-panel, 160 kW solar system on the Fischer Family School of Life Skills at the Campus for Higher Learning. The system is expected to offset 45 percent of the organization's electricity needs and save more than $540,000 over its lifespan. The system will also offset carbon dioxide emissions produced by 6.3 million gallons/pounds of gas, diesel and coal burned or the greenhouse gas emissions equivalent to 11.8 million miles driven by passenger automobiles. Additional solar can be installed in the future to further offset the organization's power needs as new buildings are constructed. My Possibilities currently serves more than 400 adults with disabilities onsite, weekly.    

"Schools are often ideally suited for solar," said John B. Billingsley, Chairman and CEO of Sunfinity Renewable Energy. "Their power needs match well with the sun's peak hours, and of course, the savings can be redirected to expenses that benefit the children and the school community vs. utility bills.

"Texas schools are becoming more and more interested in solar energy, but to date, only a few schools in North Texas have implemented solar or renewable energy – it's probably fewer than five schools. My Possibilities is on the cutting edge," Billingsley added.

"My Possibilities is dedicated to providing exceptional educational and vocational opportunities for adults with intellectual and/or developmental disabilities. With many plans for the future, we will continue to meet the ambitious needs of our HIPsters* and expand the opportunities we provide," said Michael Thomas, Executive Director. "Solar is an investment that will pay us back for decades to come – not to mention making our environment cleaner, safer and providing a learning tool for our HIPsters."

*My Possibilities refers to their students as HIPsters - Hugely Important People.

ABOUT MY POSSIBILITIES

My Possibilities is a Plano-based for-cause 501c(3) organization that serves as the pioneering leader in vocational education for adults with intellectual and/or developmental disabilities throughout North Texas. To learn more, visit: mypossibilities.org

ABOUT SUNFINITY RENEWABLE ENERGY

Sunfinity Renewable Energy (www.sunfinityre.com) is headquartered in Dallas with full-service operations throughout California and Texas and active expansion into the Southwest, South Central and Northeast regions of the U.S. Sunfinity Renewable Energy offers complete residential, C&I (commercial and industrial), and utility-scale solar systems.

SOURCE Sunfinity Renewable Energy

Related Links

http://www.sunfinityre.com

Read more: Sunfinity Renewable Energy Helps My...

NEW YORK, April 24, 2019 /PRNewswire/ --

Global Phototherapy Devices Market to Reach $1.07 Billion by 2028

The phototherapy devices market is an emerging market in the medical device industry which consists of public and private companies. The companies are engaged in the development, manufacturing, and distribution of the phototherapy devices, and its accessories.

Read the full report: https://www.reportlinker.com/p05770873/?utm_source=PRN

Phototherapy devices include light-emitting diodes, fibreoptic, and conventional lamps for the treatment of skin disorders and management of neonatal jaundice cases. Developed markets such as the U.S. and Germany have advanced towards the use of mobile as well as home-care systems for the phototherapy. However, even with the growing demand in the neonatal phototherapy device market, the device popularity remains low in the market. Therefore, the manufacturers are engaged in extensive research and development to ensure patient safety and device affordability in the market. The compromised medical infrastructure in the emerging markets such as India and South Africa act as a constraint for growth of the market of phototherapy devices. The recent advances in the development of phototherapy devices have helped in reducing the instrument size and has helped in enhancing the device portability. Furthermore, extensive research and development in the phototherapy device aims to widen the application areas for these devices. The market remains competitive with the emergence of new players entering the ecosystem.

The purpose of this study is to gain a holistic view of the phototherapy devices market in terms of various influencing factors, such as recent trends and technological advancements.The scope of this report constitutes an in-depth study of the global phototherapy devices market, including a thorough analysis of the products across different regions.

The market has been segmented into 'product', 'application', 'end-user', 'configuration', and 'regions'.The report presents the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well-informed strategic decisions.

The research uncovers some of the substantial parameters that must be taken into consideration by industry players before entering the market.

This research report aims at answering various aspects of the global phototherapy devices market with the help of the key factors driving the market, restraints that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion.The report includes an in-depth examination of the key ecosystem players and key strategies and developments taking place in this market.

Moreover, the report includes chapters on market dynamics (market drivers, opportunities and challenges) and industry analysis as well.

The research study considers the market share analysis for a comprehensive understanding of the global phototherapy devices market, and assesses the factors governing the same.Opportunity matrix and detailed product mapping have been included in the report.

The market by region has been further sub-segmented in various countries, and in each sub-segment the key market trends, list of the key players, and the recent developments that have taken place have been discussed.

The answers to the following key questions can be derived from this report:
• What are the major market drivers, challenges, and opportunities in the global phototherapy devices market?
• What was the market value of the leading segments of the global phototherapy devices market in 2018?
• How will each segment of the global phototherapy devices market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2028?
• What are the influencing factors that may affect the market share of the key players?
• How will the industry evolve during the forecast period 2018- 2028?
• Who are the key players in the global phototherapy devices and what are their contributions?
• What are the key development strategies that are being implemented by the key players to sustain in this market?
• What is the market share of each of the companies in the market ecosystem?
• What are the major benefits of the implementation of phototherapy devices in the different field of applications including skin treatment, neonatal jaundice management, and others?
• What is the scope of phototherapy devices in the regions of North America, Europe, Asia-Pacific, Latin America, and Middle-East?

The key players who have been contributing significantly to the phototherapy devices market include Atom Medical Corporation, AVI Healthcare Pvt. Ltd., GE Healthcare Inc., Herbert Waldmann GmbH & Co. Kg, Honle UV America, Inc., Ibis Medical Equipment & Systems Pvt. Ltd., National Biological Corporation, Natus Medical Incorporated, Nice Neotech Medical Systems Pvt. Ltd. Ningbo David Medical Device Co., NOVOS, Philips Lighting Holding B.V., Phoenix Medical Systems Pvt. Ltd. Solarc Systems, Inc., Daavlin, Weyer GmbH, Drägerwerk AG & Co. KGaA, and NeoMedlight, among others.

Executive Summary
The global phototherapy devices market was valued at approximately $682.3 million in 2018 and is anticipated to reach $1.07 billion by 2028. The incidence of skin diseases such as psoriasis, vitiligo, and acne are growing which impacts the market demand for the phototherapy devices positively. The healthcare infrastructure in the developed market such as the U.S. and Germany has helped in the high adoption of phototherapy devices. The developing markets such as India and South Africa face a relatively lower installation for the phototherapy devices due to lack of awareness and limitations in the medical infrastructure. There are a limited number of market players operating in the market, whereas the market is expected to witness the entry of new players. The product approvals for the phototherapy devices is awaited in the market for some of the new entrants.

There is a rising incidence of skin diseases such as eczema, vitiligo, psoriasis, and acne.According to the World Health Organization (WHO), the number of skin diseases has increased globally.

The global phototherapy market is currently at a niche stage considering there are products which are yet to be launched in the market during the forecast period.With a low adoption rate in several countries such as India, South Africa, and Saudi Arabia, the market is anticipated to surge rapidly by 2028.

North America (45.0%), followed by Europe (30.0%) held the major share of the global market (in terms of revenue) in 2018. Also, North America and Europe are expected to retain the leading positions throughout the forecast period (2018-2028), accounting for shares of 45.3% and 31.6% respectively of the total market in 2028. With the increasing awareness about benefits of phototherapy, growing consciousness about seasonal affective disorders, and high prevalence of skin disorders such as vitiligo, psoriasis, and eczema are the major drivers promoting the adoption of phototherapy devices globally. Further, the anticipated launch of new products would significantly propel the growth of the market for phototherapy devices in North America. The positive attitude towards the use of home-care devices, aided by high per-capita disposable income, has resulted in massive demand for phototherapy devices mainly in developed countries such as Germany and the U.K..

The global phototherapy devices market is segmented by the regions into North America, Europe, Asia-Pacific, Latin America, and Middle-East. North America is the leading contributor to the global phototherapy devices market.

The key players who have been contributing significantly to the phototherapy devices market include Atom Medical Corporation, AVI Healthcare Pvt. Ltd., GE Healthcare Inc., Herbert Waldmann GmbH & Co. Kg, Honle UV America, Inc., Ibis Medical Equipment & Systems Pvt. Ltd., National Biological Corporation, Natus Medical Incorporated, Nice Neotech Medical Systems Pvt. Ltd. Ningbo David Medical Device Co., NOVOS, Philips Lighting Holding B.V., Phoenix Medical Systems Pvt. Ltd. Solarc Systems, Inc., Daavlin, Weyer GmbH, Drägerwerk AG & Co. KGaA, and NeoMedlight, among others.

Countries Covered
North America
• The U.S.
Canada
Europe
Germany
France
Italy
Spain
• The U.K.
• Rest-of-Europe
Asia-Pacific
China
Japan
India
Australia
Latin America
Middle-East

Read the full report: https://www.reportlinker.com/p05770873/?utm_source=PRN

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________
Contact Clare: This email address is being protected from spambots. You need JavaScript enabled to view it.
US: (339)-368-6001
Intl: +1 339-368-6001

SOURCE Reportlinker

Related Links

http://www.reportlinker.com

Read more: Global Phototherapy Devices Market: Focus on...

More Articles ...

Subcategories

Advertisement

Translator

Advertisement
Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Invited Speakers Meet Industry Leaders; Network with Potential Business Partners & Explore the World of Opportuniti… https://t.co/FnDdROYn7U
About 3 hours ago
SolarQuarter Some Of The Speakers Confirmed For Industrial Energy Show On 3 May 2019 At Hotel Holiday Inn, Aerocity, New Delhi.… https://t.co/3FiaDF0zYq
Thursday, 25 April 2019 09:30
SolarQuarter Join us in India's Most exclusive and Premium Conference of the Industry at Floating Solar Energy forum 2019. Get l… https://t.co/zbWOMrBbZi
Tuesday, 23 April 2019 09:22

Advertisement