World’s largest power plants are hydroelectric facilities
The world’s nine largest operating power plants are hydroelectric facilities, according to a report by the U.S. Energy Information Administration. An estimated 62,500 power plants are operating around the world, with a total installed generating capacity of more than 6,000 gigawatts (GW) in 2015. The nine largest operating power plants in the world by capacity are all hydroelectric power plants. Four of the world’s ten largest power plants are located in China, and all four of those hydroelectric plants began operating in the past 13 years. The world’s largest dam, Three Gorges, is located on the Yangtze River and has a capacity of 22.5 GW. Hydroelectric power is the second-largest source of electricity in China after coal and accounted for 20 percent of the country’s total generation in 2015.
Water and wastewater segment to witness highest growth by 2019
The water and wastewater segment will witness its highest growth and is expected to reach $39.2 billion by 2019, according to the Global Market Study on Membrane Separation. The global membrane separation market was valued at $19 billion in 2012 and is expected to have a compound annual growth rate (CAGR) of 10.8 percent from 2013 to 2019, to reach an estimated value of $39.2 billion in 2019.
Mandatory government regulations and increasing demand for clean processed drinking water is propelling the water processing industry to provide the public with clean processed drinking water free of impurity. Providing growth opportunity for water treatment industry among which, Membrane separation technology is one of the most popular methods used for cleaning water.
Rising demand across wastewater treatment industry to benefit market
A new report released by Transparency Market Research projects that the global valve market will exhibit a CAGR of 5.6 percent from 2016 to 2020 in terms of revenue. If the number holds true, the market, which valued at $71.21 billion in 2015, is expected to rise to $92.65 billion by 2020. In terms of volume, the market is expected to grow at a CAGR of 4.6 percent during the forecast period.
The global value market is chiefly driven by rising demand across industries such as food and beverages, semiconductor and electronics, and wastewater management. The increasing importance of wastewater management owing to the rising global demand for good quality surface and ground water has led to the development of advanced wastewater treatment facilities across several industries across the globe. Moreover, stringent environmental laws implemented by government bodies, especially across Europe and Asia Pacific, are also encouraging developments across the wastewater treatment industry.
PepsiCo launches 2025 sustainability agenda
PepsiCo Inc. announced a global sustainability agenda designed to foster continued business growth in a way that responds to changing consumer and societal needs. The company’s efforts, which focus on creating a healthier relationship between people and food, include specific 2025 goals to continue transforming PepsiCo’s food and beverage product portfolio, contribute to a more sustainable global food system and help make local communities more prosperous.