In 2024, the population of South Korea was estimated to be about ***** million. The population of North Korea was approximately ***** million, which is roughly half the population of South Korea. Economic comparison between South and North Korea Following the Korean War (1950-1953), South Korea and North Korea pursued vastly different trajectories, both politically and economically. South Korea embraced capitalism and free market principles, which fueled its rapid economic growth and transformed it into one of the world's leading economies. In contrast, North Korea adopted a state-controlled, centrally planned economy, leading to isolation and economic stagnation. While South Korea's gross domestic product (GDP) reached around ***** trillion South Korean won in 2023, only about ** trillion won was recorded for North Korea. Food crisis in North Korea North Korea has faced food insecurity for a long time, and this has been exacerbated in the aftermath of the COVID-19 pandemic. It was estimated that the country had a food shortage of around ******* metric tons in 2023. Although the North Korean government maintains a centrally planned economic system, food distribution has long been a problem, as an increasing number of North Korean defectors have reported that they have never received food from North Korean authorities.

In 2023, South Korea's nominal gross domestic product (GDP) reached approximately ***** trillion South Korean won, while North Korea's amounted to about **** trillion South Korean won. Consequently, South Korea's nominal GDP was approximately ** times larger than that of North Korea during that year. Moreover, North Korea's GDP growth has been notably slower than that of South Korea.North Korea's economic development North Korea's economy is centered around its capital city and military, with particular emphasis on the expansion of its nuclear capabilities in recent decades. Roughly ** percent of foreign trade has been with China in the past decade, from which it imports mainly intermediate goods and raw materials. Food shortages, exacerbated by the COVID-19 pandemic, are a recurring issue for North Korea, as poor harvests, international sanctions, and a downturn in inter-Korean trade have created sourcing problems. The full extent of this issue remains unknown, but it is estimated that almost **** the population is undernourished. Kaesong Industrial ComplexThe Kaesong Industrial Complex project began in 2000 and was a crucial part of South Korea's efforts to improve relations with North Korea. It aimed to foster cooperation between the two Koreas and promote stability in the region. The industrial park, located in Kaesong, North Korea, was intended to provide a platform for small and medium-sized South Korean companies. South Korea would provide the necessary capital and infrastructure, while North Korean workers would be tasked with manufacturing products, aiming to stimulate economic growth on both sides of the border. Unfortunately, the complex was affected by tensions between the two Koreas and shut down in 2016. It has not been reopened since.

North Korea KP: Urban Land Area data was reported at 2,343.614 sq km in 2010. This stayed constant from the previous number of 2,343.614 sq km for 2000. North Korea KP: Urban Land Area data is updated yearly, averaging 2,343.614 sq km from Dec 1990 (Median) to 2010, with 3 observations. The data reached an all-time high of 2,343.614 sq km in 2010 and a record low of 2,343.614 sq km in 2010. North Korea KP: Urban Land Area data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s North Korea – Table KP.World Bank: Land Use, Protected Areas and National Wealth. Urban land area in square kilometers, based on a combination of population counts (persons), settlement points, and the presence of Nighttime Lights. Areas are defined as urban where contiguous lighted cells from the Nighttime Lights or approximated urban extents based on buffered settlement points for which the total population is greater than 5,000 persons.; ; Center for International Earth Science Information Network (CIESIN)/Columbia University. 2013. Urban-Rural Population and Land Area Estimates Version 2. Palisades, NY: NASA Socioeconomic Data and Applications Center (SEDAC). http://sedac.ciesin.columbia.edu/data/set/lecz-urban-rural-population-land-area-estimates-v2.; Sum;

In 2023, South Korea's gross national income (GNI) per capita was approximately ***** million South Korean won, while North Korea's GNI per capita was about **** million won. South Korea's GNI per capita was almost ** times higher than that of North Korea.

North Korea KP: Plant Species: Higher: Threatened data was reported at 17.000 Unit in 2017. North Korea KP: Plant Species: Higher: Threatened data is updated yearly, averaging 17.000 Unit from Dec 2017 (Median) to 2017, with 1 observations. North Korea KP: Plant Species: Higher: Threatened data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s North Korea – Table KP.World Bank: Land Use, Protected Areas and National Wealth. Higher plants are native vascular plant species. Threatened species are the number of species classified by the IUCN as endangered, vulnerable, rare, indeterminate, out of danger, or insufficiently known.; ; United Nations Environmental Program and the World Conservation Monitoring Centre, and International Union for Conservation of Nature, Red List of Threatened Species.; Sum;

North Korea KP: Rural Land Area data was reported at 119,243.445 sq km in 2010. This stayed constant from the previous number of 119,243.445 sq km for 2000. North Korea KP: Rural Land Area data is updated yearly, averaging 119,243.445 sq km from Dec 1990 (Median) to 2010, with 3 observations. The data reached an all-time high of 119,243.445 sq km in 2010 and a record low of 119,243.445 sq km in 2010. North Korea KP: Rural Land Area data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s North Korea – Table KP.World Bank: Land Use, Protected Areas and National Wealth. Rural land area in square kilometers, derived from urban extent grids which distinguish urban and rural areas based on a combination of population counts (persons), settlement points, and the presence of Nighttime Lights. Areas are defined as urban where contiguous lighted cells from the Nighttime Lights or approximated urban extents based on buffered settlement points for which the total population is greater than 5,000 persons.; ; Center for International Earth Science Information Network (CIESIN)/Columbia University. 2013. Urban-Rural Population and Land Area Estimates Version 2. Palisades, NY: NASA Socioeconomic Data and Applications Center (SEDAC). http://sedac.ciesin.columbia.edu/data/set/lecz-urban-rural-population-land-area-estimates-v2.; Sum;

Objective: This study aimed to investigate the nutritional status of children and adolescents from North Korean defector (NKD) families who are currently living in South Korea (SK) and compared with the status of those from SK families.

Design: A cross-sectional study comparing the prevalence of malnutrition, overweight, and obesity between children and adolescents from NKD families and SK families.

Setting: Children and adolescents from NKD families were interviewed face-to-face directly, whereas the data about those from SK families acquired by using 2017 Korea National Health and Nutrition Examination Survey(KNHANES). Their nutritional status were estimated using the 2017 Korean National Growth Charts for children and adolescents

Participants: The total number of children and adolescents was 2,136 consisting of 527 subjects from the NKD families and 1,609 subjects from the SK families.

Results: The overall prevalence of stunting, wasting, underweight, overweight, and obesity in NKD group was 8.9%, 10.2%, 10.4%, 11.2%, and 12.2% respectively, and 1.9%, 7.1%, 5.9%, 9.2%, and 9.3%, respectively, in SK families. The NKD group showed significantly higher prevalence than SK group in stunting(p<0.001), wasting(p=0.014), underweight(p<0.001), obesity(p=0.041) but not in overweight.

Conclusions: The nutritional status of children and adolescents form NKD families was worse than that of those from SK families, and also higher prevalence of obesity.

Methods Children and adolescents of the NKD families were defined as those aged 0–18 years who are currently being raised in SK and were born in families where at least one parent is an NKD. A total of 527 participants were recruited from local Hana Centers, alternative schools, and non-governmental organizations (NGOs) across SK between September 2017 and December 2019.

Among the total of 8,127 participants of 2017 Korea National Health and Nutrition Examination Survey (2017 KNHANES), children and adolescents of the SK families were defined as 1,609 children and adolescents aged 0–18 years.

In 2023, the labor force participation rate in South Korea was **** percent, compared to **** percent in North Korea. Over the past decade, North Korea's labor force participation rate has been higher than South Korea's.

In 2022, South Korea had approximately ******* military forces, while North Korea had around **** million. Overall, North Korea had more than twice as many military forces as South Korea.

The statistic shows gross domestic product (GDP) of South Korea from 1987 to 2024, with projections up until 2030. GDP or gross domestic product is the sum of all goods and services produced in a country in a year; it is a strong indicator of economic strength. In 2024, South Korea's GDP was around 1.9 trillion U.S. dollars. See global GDP for a global comparison. South Korea’s economy South Korea is doing quite well economically. It is among the leading export countries worldwide, it mainly exports electronics, automobiles and machinery. South Korea is also one of the leading import countries worldwide. Additionally, it is one of the leading countries with the largest proportion of global domestic product / GDP based on Purchasing Power Parity (PPP). Its GDP has been increasing for the last few years, while the gross domestic product / GDP growth in South Korea has not been steady but increasing since 2009. South Korea is an OECD member and a member of the G20 states. Among the latter, its GDP growth was higher than that of the United States or the European Union in 2013. South Korea is one of the fastest-growing economies worldwide. Its standard of living is also considered to be quite high, the unemployment rate, which is one key factor, has been at around 3 percent, give or take a few percentage points, for the past decade. As a comparison, the United States’ unemployment rate was almost twice, sometimes three times as high as in South Korea during the same period. As for employment, South Korea’s rate is almost the same as that of the United States or France, with more than 60 percent of employed persons in the population.

North Korea KP: Mortality Rate: Infant: Male: per 1000 Live Births data was reported at 15.700 Ratio in 2017. This records a decrease from the previous number of 17.400 Ratio for 2015. North Korea KP: Mortality Rate: Infant: Male: per 1000 Live Births data is updated yearly, averaging 25.000 Ratio from Dec 1990 (Median) to 2017, with 5 observations. The data reached an all-time high of 48.000 Ratio in 2000 and a record low of 15.700 Ratio in 2017. North Korea KP: Mortality Rate: Infant: Male: per 1000 Live Births data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s North Korea – Table KP.World Bank: Health Statistics. Infant mortality rate, male is the number of male infants dying before reaching one year of age, per 1,000 male live births in a given year.; ; Estimates developed by the UN Inter-agency Group for Child Mortality Estimation (UNICEF, WHO, World Bank, UN DESA Population Division) at www.childmortality.org.; Weighted average; Given that data on the incidence and prevalence of diseases are frequently unavailable, mortality rates are often used to identify vulnerable populations. Moreover, they are among the indicators most frequently used to compare socioeconomic development across countries. Under-five mortality rates are higher for boys than for girls in countries in which parental gender preferences are insignificant. Under-five mortality captures the effect of gender discrimination better than infant mortality does, as malnutrition and medical interventions have more significant impacts to this age group. Where female under-five mortality is higher, girls are likely to have less access to resources than boys.

The Centre for the Study of Public Policy (CSPP) has conducted a series of Barometer surveys in Eastern Europe to gauge mass response to democratization. This project extends this research to the Republic of Korea. Because democratization has become a global phenomenon in the past two decades along with economic liberalization and marketization, this raises fundamental questions about the primacy of universalist theories of change. Much attention has focused on Post-Communist European countries (PCE) experiencing the double transformation to democracy and a market economy and comparisons with prior, albeit less radical changes in Southern Europe and Latin America. The Republic of Korea can add to our understanding of worldwide change, for it has experienced rapid economic success in the global economy, and subsequent rapid democratization and then economic crisis.
While no country is 'typically' Asian, the Republic of Korea has an indubitable status as an Asian country - many centuries of history as an independent state, a Confucian and Buddhist tradition, and in its location between Japan and China in a non-geographical as well as a geographical sense. Korea began industrialization and entry into the global economy after Japan, but it has been spectacularly successful up to the 1997 economic crisis, becoming a member of OECD with a GDP per capita higher than any PCE country. It is a new democracy, as a military dictatorship ruled for decades before democratization began in the mid-1980s, and the first opposition candidate won a presidential election in 1997. Korea has parallels with Germany before 1990, as its neighbour North Korea still has an unreconstructed Communist regime.
This survey is the sixth in a series of New Korea Barometer surveys, which have been conducted by Professor Doh Chull Shin since 1988. The previous five surveys are not held at the Data Archive. More information about the survey series may be found on the CSPP website at http://www.cspp.strath.ac.uk/.

Snapshot img { margin: 10px !important; } Rubber Processing Chemicals Market Size 2025-2029

The rubber processing chemicals market size is forecast to increase by USD 1.7 billion, at a CAGR of 5.0% between 2024 and 2029.

The global rubber processing chemicals market is driven by the sustained health of the automotive sector, particularly the shift toward electric vehicles (EVS). This transition creates demand for high-performance tires with unique characteristics, necessitating innovation in rubber compounding and the associated vulcanization accelerators. A key trend is the industry-wide pivot to sustainability, marked by the development of bio-based feedstocks and safer chemical alternatives, aligning with corporate ESG mandates and consumer preferences for eco-friendly products in the synthetic rubber market. This evolution is vital for manufacturing advanced components, including automotive rubber hoses and other parts for the plastics for passenger cars market, ensuring both performance and reduced environmental impact through enhanced polymer-filler interaction.This dynamic creates a strong demand for higher-value, specialty chemicals over standard commodity grades, which supports value growth across the rubber market. The development of advanced polymer architectures and functionalized S-SBR for EV tires requires more sophisticated processing aids and silane coupling agents. However, the market faces significant challenges from the volatility of raw material prices. The cost structure is linked to unpredictable global energy markets, which complicates financial planning and compresses profit margins. This uncertainty affects the entire supply chain, from reclaimed rubber to liquid silicone rubber, impacting operational efficiency and financial performance for producers of these essential chemical additives.

What will be the Size of the Rubber Processing Chemicals Market during the forecast period?

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Request Free SampleThe global rubber processing chemicals market is characterized by continuous innovation in polymer-filler interaction and vulcanizate network formation. The focus is on developing advanced antidegradant systems and efficient vulcanization accelerators to enhance material durability and processing efficiency. This evolution addresses the need for superior flex fatigue resistance and dynamic stress protection in high-performance applications, particularly within the automotive rubber hoses and broader synthetic rubber market. The development of sophisticated rheological behavior control additives is ongoing, shaping the capabilities of modern rubber compounds and influencing the isoprene rubber sector.A significant operational shift involves enhancing scorch time delay and cure rate characteristics through multifunctional chemical additives. This trend supports higher manufacturing throughput and is critical for industries utilizing liquid synthetic rubber and materials for plastics for passenger cars. The market is also adapting to circular economy principles with the development of new devulcanization agents and rejuvenating agents for recycled rubber feedstocks. This move toward sustainable vulcanization systems and eco-friendly rubber additives is redefining performance standards, integrating environmental responsibility with traditional metrics like abrasion resistance and longevity.

How is this Rubber Processing Chemicals Industry segmented?

The rubber processing chemicals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments. Material typeSyntheticNaturalTypeTireNon TireProductAcceleratorsAnti degradantsFlame retardantsProcessing aidOthersGeographyAPACChinaJapanIndiaSouth KoreaAustraliaIndonesiaNorth AmericaUSCanadaMexicoEuropeGermanyUKFranceItalySpainThe NetherlandsSouth AmericaBrazilArgentinaColombiaMiddle East and AfricaSouth AfricaUAETurkeyRest of World (ROW)

By Material Type Insights

The synthetic segment is estimated to witness significant growth during the forecast period.The synthetic rubber segment includes a wide range of artificially produced elastomers engineered for specific performance profiles. Major types such as Styrene-Butadiene Rubber (SBR) and Polybutadiene Rubber (BR) are foundational to the passenger car tire industry, while others like EPDM and NBR serve critical roles in automotive and industrial applications. Each polymer requires a distinct and optimized package of processing chemicals to achieve desired properties, such as weathering resistance or oil resistance, through precise vulcanizate network formation.Growth in this segment is driven by relentless innovation in both polymer science and e

South Korea's main stock market index, the KOSPI, rose to 3995 points on December 2, 2025, gaining 1.90% from the previous session. Over the past month, the index has declined 5.38%, though it remains 59.79% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Korea. South Korea Stock Market - values, historical data, forecasts and news - updated on December of 2025.

Snapshot img { margin: 10px !important; } Hand Crank Power Generator Market Size 2025-2029

The hand crank power generator market size is forecast to increase by USD 10489.5 thousand, at a CAGR of 8.3% between 2024 and 2029.

The global hand crank power generator market is experiencing a significant expansion, primarily driven by the escalating frequency of extreme weather events, which heightens the focus on emergency preparedness. This shift transforms these devices into essential tools for household safety. A key trend supporting this is the evolution of the portable generator from a single-function item into a comprehensive, multifunctional survival hub integrating radios, lights, and power banks. This development enhances the value proposition for consumers seeking consolidated and convenient solutions. The integration of such features makes the hand crank generator a vital component in the broader electric generators market, catering to a growing demand for reliable off-grid power sources and personal resilience in the face of increasing grid vulnerability and climate-induced uncertainty.Despite its growing relevance, the market's trajectory is moderated by intense competition from technologically superior and more convenient substitute products. The widespread availability of high-capacity portable power banks and increasingly efficient portable solar chargers presents a formidable challenge, as these alternatives offer an effort-free and silent user experience that aligns with modern consumer expectations. This competition relegates the hand crank generator to a niche position as a last-resort emergency device for many potential buyers. This dynamic limits its overall market potential and constrains pricing power, impacting investment in significant research and development. The market must therefore emphasize its unique value of absolute reliability in any condition.

What will be the Size of the Hand Crank Power Generator Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe global hand crank power generator market's evolution is marked by a shift from niche applications to mainstream adoption, driven by the need for reliable off-grid power solutions and disaster relief equipment. Continuous innovation in manual power generation focuses on enhancing mechanical-to-electrical conversion efficiency to better serve as a last resort power source. Advances in the broader electric generators market, particularly in battery technology, are being integrated to improve functionality.Development efforts are centered on creating a more effective human-powered generator by incorporating higher-capacity internal lithium-ion battery systems and smart-charging technology. This transforms the device from a simple dynamo-based generator into a versatile power bank with power bank functionality. The integration of features like an integrated LED flashlight and a crank-powered radio into a single, water-resistant casing enhances its value as an emergency preparedness gear.

How is this Hand Crank Power Generator Industry segmented?

The hand crank power generator industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD thousand" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments. ProductPortable generatorsStationary generatorsDistribution channelOnlineOfflineEnd-userResidentialCommercialOthersGeographyAPACChinaJapanIndiaSouth KoreaAustraliaIndonesiaNorth AmericaUSCanadaMexicoEuropeGermanyUKFranceItalyThe NetherlandsSpainSouth AmericaBrazilArgentinaColombiaMiddle East and AfricaUAESouth AfricaTurkeyRest of World (ROW)

By Product Insights

The portable generators segment is estimated to witness significant growth during the forecast period.The portable generators segment represents the majority of the global hand crank power generator market, defined by its compact size, lightweight construction, and all-in-one design. The core value of these portable charging devices is providing a self-sufficient and reliable source of power independent of grid electricity or fuel. This segment is characterized by multifunctional tools that integrate a dynamo with a radio, flashlight, and an internal lithium-ion battery, making it a cornerstone of both emergency preparedness kits and outdoor recreational gear.Growth in this segment is driven by the convergence of emergency functions into a single device, which enhances its value for consumers. In a market where South America contributes 5.03% to the growth, technological advancements are continuously shaping the segment. Trends are moving toward more efficient cranking mechanisms, increased internal battery capacities, and the adoption of universal charging standards like USB-C. This

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Industrial Laser Market Size 2025-2029

The industrial laser market size is valued to increase USD 3.54 billion, at a CAGR of 8.5% from 2024 to 2029. Growing demand for industrial lasers from several industries will drive the industrial laser market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 33% growth during the forecast period.
By Type - Macro processing segment was valued at USD 3.17 billion in 2023
By Power Output - More than 1.1 kW segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 108.53 million
Market Future Opportunities: USD 3535.00 million
CAGR from 2024 to 2029: 8.5%

Market Summary

The market is experiencing significant expansion due to its increasing application in various sectors, including the automotive industry, aerospace, healthcare, and electronics. The market is projected to reach a value of USD 25.5 billion by 2026, underscoring its growing importance in manufacturing processes. However, the market's growth is not without challenges. One significant hurdle is the limited material compatibility of industrial lasers, which restricts their use in specific applications. Nevertheless, advancements in laser technology continue to address this issue, expanding the market's reach.
Government support and initiatives, such as investments in research and development, further fuel the market's growth. Despite these opportunities, the market faces competition from traditional manufacturing methods, necessitating continuous innovation to maintain its competitive edge.

What will be the Size of the Industrial Laser Market during the forecast period?

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How is the Industrial Laser Market Segmented?

The industrial laser industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Macro processing
  Micro processing


Power Output

  More than 1.1 kW
  Less than 1 kW


End-user

  Consumer electronics
  Automotive
  Aerospace and defense
  Healthcare


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The macro processing segment is estimated to witness significant growth during the forecast period.

The market encompasses a diverse range of high-power lasers, primarily utilized for large-scale material processing applications. These lasers, including CO2, fiber, and solid-state systems, are integral to industries such as automotive, aerospace, shipbuilding, and heavy machinery production. Macro processing lasers, characterized by their power output of 1 kilowatt (kW) or higher, excel in cutting, welding, and drilling thick materials, like metals, plastics, and composites. These lasers offer significant advantages, such as high processing speeds, precision, and accuracy. The market's evolution is marked by ongoing advancements in laser technology, including laser ablation parameters, laser marking techniques, beam delivery systems, and laser system integration.

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The Macro processing segment was valued at USD 3.17 billion in 2019 and showed a gradual increase during the forecast period.

Process optimization strategies, laser power stability, and thermal management solutions are crucial for enhancing efficiency and productivity. Key technological developments include pulse duration control, laser cutting precision, optical resonator design, high-power laser systems, fiber laser technology, and laser system maintenance. Additionally, advancements in laser scanning speed, laser safety regulations, laser surface treatment, laser micromachining applications, industrial laser safety, adaptive optics systems, precision laser engraving, laser control algorithms, laser cladding techniques, laser welding efficiency, laser wavelength selection, laser beam quality, remote laser diagnostics, and laser hardening processes continue to shape the market landscape.

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Regional Analysis

APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the APAC region is experiencing significant growth, driven by the region's status as a global manufacturing hub. Countries such as China, Japan, South Korea, and India contribute substantially to the manufacturing industry, particularly in sectors like automotive, electronics,

In 2023, South Korea's gross domestic product (GDP) grew by about *** percent compared to the previous year. North Korea's GDP growth rate stood at about *** percent that year, achieving positive growth for the first time after experiencing a period of negative growth during the COVID-19 pandemic.

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Shale Gas Market Size 2025-2029

The shale gas market size is forecast to increase by USD 22.1 billion, at a CAGR of 5.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of green fracking methods. This eco-friendly approach to extracting shale gas reduces the environmental impact compared to traditional methods, making it an attractive alternative for energy companies. However, the market faces a substantial challenge in the form of water scarcity for fracking operations. The extraction process requires large volumes of water, and the availability of this resource is becoming increasingly limited in certain regions. Fossil fuels, including oil and natural gas, remain the primary fuel sources, but the energy transition towards renewable energy sources is gaining momentum.
This dynamic market requires strategic planning and innovation from companies to capitalize on the opportunities presented by green fracking while mitigating the challenges associated with water scarcity. Companies must address this issue by implementing water recycling and conservation techniques or exploring alternative water sources to ensure the sustainability of their operations and maintain competitiveness in the market. Gas-fired power plants and enhanced gas recovery techniques offer solutions for energy independence and reduced greenhouse gas emissions.

What will be the Size of the Shale Gas Market during the forecast period?

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The market continues to evolve, driven by advancements in technologies and the ongoing pursuit of energy security. Hydraulic fracturing, or fracking, has revolutionized the extraction of natural gas from shale formations, leading to a rise in production. However, the intricacies of shale reservoirs require a multidisciplinary approach, encompassing natural gas storage, pipeline infrastructure, well completion, and gas transportation. For instance, accurate stress field characterization and gas flow modeling are crucial for optimizing well completion and ensuring economic viability. Geomechanical modeling and rock mechanics help assess the integrity of wells and prevent formation damage mechanisms. Proppant selection, well testing procedures, and horizontal drilling are essential for maximizing production.

Moreover, environmental impact assessment and produced water treatment are vital components of the shale gas value chain. Induced seismicity, a concern for some, is being addressed through advancements in frac fluid chemistry, microseismic monitoring, and well integrity management. The shale gas industry anticipates robust growth, with expectations of a 5% compound annual growth rate over the next decade. This expansion will necessitate the development of gas processing technologies, such as pressure transient analysis and water management, to ensure flow assurance and reduce methane emissions. Additionally, the increasing importance of liquefied natural gas in the global energy landscape will further shape the market dynamics.

How is this Shale Gas Industry segmented?

The shale gas industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Technology

  Horizontal fracking
  Vertical fracking
  Rotary fracking


Application

  Industrial
  Buildings
  Transportation


Type

  Direct channel
  Indirect channel


Geography

  North America

    US
    Canada


  Europe

    Germany
    Russia
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Technology Insights

The Horizontal fracking segment is estimated to witness significant growth during the forecast period. Shale gas production in the US has seen significant advancements in recent years, driven by the adoption of horizontal drilling and hydraulic fracturing techniques. Horizontal fracking increases the contact area between the wellbore and the shale rock, enabling more efficient gas extraction and higher production rates. This results in greater gas recovery compared to vertical drilling, making shale gas production economically viable despite higher initial costs. The success of shale gas production is underpinned by various technological advancements. Stress field characterization and geomechanical modeling help optimize well completion and drilling processes. Gas flow modeling and reservoir simulation enable better understanding of reservoir behavior and production forecasting. The transition towards renewable energy and green hydrogen production is gaining momentum, with hydrogen derived from natural gas, k

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CNG Powertrain Market Size 2024-2028

The CNG powertrain market size is forecast to increase by USD 98.34 billion at a CAGR of 18.7% between 2023 and 2028.

The CNG powertrain market is experiencing significant growth due to the rising demand for sustainable and cleaner energy alternatives. Corporations and municipalities are increasingly turning to Compressed Natural Gas (CNG) as an alternative fuel source, as it emits fewer greenhouse gases compared to traditional fuels like diesel and oil well extracts. This shift is driven by the increasing focus on sustainability and reducing carbon footprints.
Additionally, consumer car manufacturers are investing in CNG technology to enhance engine efficiency and reduce maintenance costs, despite the initial investment costs being higher than conventional vehicles. The trend toward clean energy and the need to reduce reliance on non-renewable resources are expected to continue driving the growth of the CNG powertrain market.

CNG Powertrain Market Analysis

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How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Vehicle Type

  Passenger cars
  Commercial vehicle


Geography

  APAC

    China
    Japan
    South Korea


  North America

    US


  Europe

    Germany


  South America



  Middle East and Africa

By Vehicle Type Insights

The passenger cars segment is estimated to witness significant growth during the forecast period. The market for passenger vehicles holds a significant share during the forecast period in the United States. The affordability of CNG vehicles is a major factor driving the growth of this market. Compared to petroleum derivative vehicles, CNG vehicles offer a more cost-effective solution for transportation. Moreover, CNG is an abundant and consistent fuel source, providing steadier prices compared to gasoline and diesel. CNG vehicles are particularly suitable for urban fleets due to their ease of storage and lower fuel costs compared to LNG. CNG fuel is transported from refineries or utilities to filling stations via existing gas pipelines or tankers.

This method of transportation is more efficient and cost-effective compared to LNG, which requires specialized infrastructure for transportation and storage. The availability of CNG as a fuel source is not affected by weather conditions, unlike LNG, making it a reliable choice for transportation. Additionally, the use of CNG vehicles reduces emission pollution, making it an environmentally friendly alternative to petroleum derivative vehicles. In summary, the market for passenger vehicles is experiencing growth due to its affordability, ease of storage, and environmental benefits. The transportation of CNG fuel is more efficient and cost-effective compared to LNG, making it a practical choice for fleet operators.

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The passenger cars segment accounted for USD 28.66 billion in 2018 and showed a gradual increase during the forecast period.

Will APAC become the largest contributor to the CNG Powertrain Market?

APAC is estimated to contribute 68% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market experienced significant growth in 2023, with APAC leading the way and accounting for the largest share. This region's dominance is primarily due to the expanding automobile sector in countries like India and China. Maruti Suzuki Motor Corporation, a prominent player in APAC, is integrating S-CNG technology into passenger vehicles, such as passenger cars. Their intelligent fuel injection system and optimally calibrated CNG powertrains enhance vehicle performance and drivability across various terrains. Furthermore, governments worldwide are investing in CNG infrastructure development and offering incentives to buyers, opening up opportunities for OEMs to expand their revenue streams and geographical reach. As the world transitions to a more sustainable future, the CNG revolution continues to gain momentum as a clean-burning, high-density, and environmentally friendly alternative to traditional gaseous fuels, contributing to energy security and mitigating climate change concerns.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Dynamics

The CNG (Compressed Nat

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Diesel Power Engine Market Size 2024-2028

The diesel power engine market size is forecast to increase by USD 39.1 billion at a CAGR of 3.21% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. Diesel generators continue to be preferred over natural gas engines in various sectors such as construction, healthcare, and telecommunication, owing to their superior fuel efficiency and reliability. The World Steel Association reports a steady increase in crude steel production, driving the demand for diesel power engines in this sector. Moreover, the growth in sectors such as crude steel production and the Smart City is expected to drive the demand for diesel power engines. Advancements in diesel power engine technology, including improved fuel injection systems and better combustion processes, are enabling higher efficiency and lower emissions. Strict emission regulations are pushing manufacturers to innovate and develop cleaner diesel engines. The market is expected to witness continued growth, driven by these trends and the need for sustainable energy solutions.

What will the size of the market be during the forecast period?

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The power sector plays a pivotal role in ensuring the standard of living and economic growth in the United States. With increasing energy demand, the need for reliable and efficient power sources has become more crucial than ever. Among the various power generation technologies, diesel power engines have emerged as a preferred choice due to their versatility, reliability, and ability to provide uninterruptible power. Diesel power engines, a type of internal combustion engine, have gained significant traction in various sectors, including health care and telecommunication, due to their ability to operate during power outages, blackouts, brownouts, and voltage fluctuations.



These engines are built with strong components such as pistons, cylinder blocks, crankshafts, spark plugs, and coils to ensure optimal performance and longevity. The power sector's dependence on diesel power engines is expected to grow as the demand for reliable and uninterrupted power sources continues to increase. The healthcare sector, for instance, requires uninterrupted power to ensure the smooth functioning of medical equipment and patient care. In the telecommunication sector, power outages can lead to significant financial losses and communication disruptions.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Automotive
  Non-automotive


End-user

  Industrial
  Commercial
  Residential


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    US


  Europe



  Middle East and Africa



  South America

By Application Insights

The automotive segment is estimated to witness significant growth during the forecast period.

The market encompasses various applications, with a significant focus on the automotive sector, which consists of light-duty vehicles and heavy-duty vehicles. In the automotive segment, passenger cars and light commercial vehicles, which run on diesel power engines, are gaining popularity, particularly in developing countries, due to increasing disposable income and the cost-effectiveness of diesel fuel. On the other hand, heavy-duty vehicles, including medium-duty trucks and heavy-duty trucks, are widely used for freight transportation and construction projects. Beyond the automotive sector, diesel power engines are increasingly being adopted for power generation applications, particularly in off-grid and rural locations. These engines are used in hybrid power generation systems, alongside renewable energy sources like solar and wind, to ensure continuous power supply.

Furthermore, telecom towers in remote areas are another major application for diesel power engines, as they require uninterrupted power to maintain communication networks. Ultra-Low Sulfur Diesel (ULSD) is becoming increasingly popular due to its reduced environmental impact and improved engine performance. The standby segment of the market is expected to grow significantly, as these engines are used to provide backup power during power outages or when renewable energy sources are not available.

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The automotive segment was valued at USD 147.80 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 50% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained th