Fertilizer Additive Market Analysis, Driving Factors And Highlights of The Market till 2025

The global fertilizer additives market size is projected to reach USD 4.01 billion by 2025, according to a new report by Grand View Research, Inc. Decreasing per capita arable land and rising population density has resulted in increased demand for fertilizers in the agriculture sector, which in turn has boosted the growth.

The growing fertilizers industry and limited availability of farmland are the key drivers for the global market. However, harmful effects of fertilizers on environment along with lack of awareness & availability of the product in underdeveloped economies is expected to have a negative impact on the industry.

Fertilizer Additive Market 

The Asia Pacific was the largest fertilizer additive market in 2018 and accounted for 53.1% of the volume share. The robust growth of the agriculture sector in this region is one of the main factor driving the industry. In countries like India and China, the population explosion has significantly impacted the agriculture sector.

China is one of the developed countries in the Asia Pacific region with a constantly growing agricultural sector and advancements in terms of innovations and new technology development. Due to the population explosion, the amount of arable land in China has reduced severely over the past two decades. This factor has increased the demand for fertilizers, resulting in the growth of the additives market.

Fertilizer Additive Market Report Highlights

• Urea end-product accounted for the largest share of 52.5%, in terms of volume, in 2018 due to the availability of the highest nitrogen content as compared to other soluble fertilizers

• The anti-caking function dominated the industry with a share of 36.5% in 2018 owing to the fact that it helps in maintaining the fertilizer quality by preventing formation of flakes and cakes

• North America accounted for 14.1% of the global fertilizer additive market, in terms of revenue, in 2018 owing to government initiatives to promote the agricultural sector by providing subsidies on the purchase of fertilizers

• Brazil leads the regional market in Central & South America with agriculture GDP contributing 23.5% in its total economy

• Some of the key industry participants are KAO Corporation, Clariant, Novochem Group, Solvay, Forbon Technology, Filtra Catalysts & Chemicals Ltd, ChemSol LLC, and Michelman

Fertilizer Industry Size was valued at USD 201.3 Million Tons in 2021 and is projected to expand at a CAGR of 1.2% during 2022 to 2030.

Fertilizer Additive Market Segmentation

Grand View Research, Inc. has segmented the fertilizer additive market on the basis of function, end-product and region.

Fertilizer Additives Function Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Corrosion Inhibitors

• Hydrophobic Agents

• Anti-dusting Agents

• Anti-caking Agent

• Slow Release Coatings

• Urea
• Ammonium Nitrate
• Ammonium Phosphate
• Others

• Others

Fertilizer Additives End-product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Urea

• Ammonium Nitrate

• Ammonium Phosphate

• Ammonium Sulphate

• Others

Fertilizer Additives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy

• Asia Pacific

• China
• Japan
• India

• Central & South America

• Brazil

• Middle East & Africa

List of Key Players in Fertilizer Additives Market

• KAO Corporation

• Novochem Group

• Clariant

• Solvay

• Filtra Catalysts & Chemicals Ltd 

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Super-resolution Microscopes Market Key Players, Recent Developments And Their Impact On The Industry 2022-2030

 The global super-resolution microscopes market size is expected to reach USD 6.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.01% from 2022 to 2030. Increasing application in cell biology and biomedical imaging is a key factor expected to drive the market over the forecast period.

Governments all over the world are supporting R&D for innovative technology, majorly nanotechnology research to help build improved nanoimaging technology-based super-resolution microscopes. The National Institutes of Health in the U.S. established a trans-NH bioengineering nanotechnology program to solicit grant applications for biomedical nanotechnologies. The U.K. government spent EUR 81 million (USD 105 million) on the development of advanced 3D imaging technology in February 2020.

Super-resolution Microscopes Market

The COVID-19 pandemic accelerated technological advancement, culminating in the creation of diverse uses for super-resolution microscopes since 2020. Top players have recently introduced new super-resolution microscopes having a variety of applications, including operations, cancer research, COVID-19 investigations, and academic research. For instance, Hitachi High-Tech Corporation introduced the simple-to-use AFM 100 and AFM100 plus Atomic Force Microscopes in July 2021, which provides improved dependability and ease for quality control applications or high-throughput R&D.

Super-resolution Microscopes Market Report Highlights

• In 2021, the life science application segment accounted for the largest revenue share as super-resolution microscopes are used in place of electron microscopes as they allow researchers to image biological specimens more precisely

• Based on technology, STED microscopy held the largest revenue share in 2021 due to its ability to deliver diffraction-unlimited images, with no need for further computational processing

• The nanotechnology application segment is projected to register the fastest CAGR during the forecast period. This can be attributed to key players launching new products based on nanotechnology. For instance, in October 2020, Bruker Corporation released Vutara VXL, its super-resolution microscope, which is a biological workstation for research on proteins, DNA, RNA, and other biomolecules for nanoscale imaging

• North America held the largest revenue share in 2021. Increasing research activities in different segments of life science and nanotechnology and initiatives taken by the government in past years, where research funding agencies encouraged researchers to adopt super-resolution microscopes, are expected to drive the regional market

• Asia Pacific is expected to expand at the fastest CAGR over the forecast period. High product sales in countries like China and the growing interest of photonics companies and venture capitalists in the field of electronics and life sciences are the factors driving the regional market

• The market is technology-driven and therefore, manufacturers engage in rigorous R&D to develop new and advanced products, which cater to the changing needs of healthcare and other industries

The global life science microscopes industry generated over USD 3.36 billion in 2021 and is expected to grow at a CAGR of 8.9% over the forecast period. 

Super-resolution Microscopes Market Segmentation

Grand View Research has segmented the global super-resolution microscopes market on the basis of technology, application, and region:

Super-resolution Microscopes Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Stimulated Emission Depletion (STED) Microscopy

• Structured-Illumination Microscopy (SIM)

• Stochastic Optical Reconstruction Microscopy (STORM)

• Fluorescence Photoactivated Localization Microscopy (FPALM)

• Photoactivated Localization Microscopy (PALM)

Super-resolution Microscopes Application Outlook (Revenue, USD Million, 2017 - 2030)

• Nanotechnology

• Life Science

• Material Science

• Semi-conductor

• Other Applications

Super-resolution Microscopes Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

• U.S.
• Canada

• Europe

• U.K.
• Germany
• France
• Italy
• Spain

• Asia Pacific

• China
• Japan

• Latin America

• Brazil
• Mexico

• Middle East & Africa (MEA)

• South Africa
  
  

List of Key Players in Super-resolution Microscopes Market

• ZEISS

• Applied Precision (GE Healthcare)

• Nikon Corporation

• Olympus Corporation

• Leica Microsystems (Danaher Corporation)

• Bruker Corporation

• Hitachi High Technologies

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Nitrogenous Fertilizer Market Drivers, Challenges and Forecast Report 2022-2030

The global nitrogenous fertilizer market size is estimated to reach USD 94.02 billion by 2030 according to a new report by Grand View Research, Inc. Growth can be attributed to the increasing awareness amongst farmers regarding maintaining nutritional balance in the soil. Increasing population across the globe has generated the need to improve the annual crop yield to feed the population, which has boosted the agriculture sector across the globe. Hydrogen and nitrogen are the major raw materials used for manufacturing nitrogenous fertilizers. Nitrogen is required in large quantities by plants and is the primary nutrient in fertilizers. Hydrogen is a crucial component of ammonia, which is an important ingredient in numerous fertilizers. Nearly all commercial-scale ammonia incorporates nitrogen and hydrogen. Raw material Availability impacts nitrogenous fertilizer prices and production. 

 Nitrogenous Fertilizer Market

Key manufacturers are investing profoundly in R&D activities for launching new products and broadening their product portfolios. Major players in the market are increasing the reach of their products to a larger consumer base by setting up retail outlets at strategic locations in various countries to support farming communities in the respective localities. The Asia Pacific is expected to register significant growth in the coming years owing to the presence of numerous agrarian economies such as China, India, Indonesia, and others in the region. India and China are expected to lead the nitrogenous fertilizer market over the forecast period.

Nitrogenous Fertilizer Market Report Highlights 

• In 2021, urea emerged as the dominating product segment by contributing around 33% of revenue share. This is attributed to the affordable cost of urea as compared to the other products.

• Ammonium sulfate was the second-largest product segment and is anticipated to grow at a CAGR of 4.9% by 2030, due to its wide agricultural applications and high solubility.

• Cereals & grains segment was the dominant application segment in terms of both in terms of volume and revenue, owing to the increasing demand for food crops such as maize, wheat, barley, rice, and oats.

• As of 2021, Asia Pacific was the dominating regional market owing to the existence of large agricultural lands in the region along with the technological advancements in farming methods 

Fertilizer Industry Size was valued at USD 201.3 Million Tons in 2021 and is projected to expand at a CAGR of 1.2% during 2022 to 2030.

Nitrogenous Fertilizer Market Segmentation

Grand View Research has segmented the global nitrogenous fertilizer market report based on the product, application, and region: 

Nitrogenous Fertilizer Product Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 - 2030)

• Urea

• Methylene Urea

• Ammonium Nitrate

• Ammonium Sulfate

• Ammonia

• Calcium Ammonium Nitrate

• Others 

Nitrogenous Fertilizer Application Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 - 2030)

• Cereals & Grains

• Oilseeds & Pulses

• Fruits & Vegetables

• Others 

Nitrogenous Fertilizer Regional Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 - 2030) 

• North America

• U.S.
• Canada
• Mexico

• Europe

• Germany
• U.K.
• Italy
• France
• Spain
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea

• South America

• Brazil
• Argentina

• Middle East & Africa

• Saudi Arabia
• Qatar
• Egypt 

List of Key Players of Nitrogenous Fertilizer Market

• Kynoch Fertilizer

• Sorfert

• Bunge Ltd.

• Nutrien Ltd.

• Yara

• Omnia Holdings Limited

• Sasol

• Aquasol Nutri

• TriomfSA

• Rolfes Agri (Pty) Ltd.

• OCI Nitrogen

• ICL Fertilizers

• Eurochem Group AG

• CF Industries Holdings Inc.

• Koch Fertilizer, LLC

• Hellagrolip SA

• Coromandel International Limited

• Haifa Group

• Notore Chemical Industries Plc

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Scanning Electron Microscopes Market Growth Factors, Overview and Forecast Report till 2028

The global scanning electron microscopes market size is expected to reach USD 6.5 billion by 2028, registering a CAGR of 8.52% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for nanotechnology-based research and growing R&D innovation in application areas are anticipated to serve as key growth drivers. Rapid growth witnessed in application areas, such as semiconductors, automobiles, pharmaceuticals, and nanotechnology, globally is among the key factors responsible for the significant growth of the SEM market.

Scanning Electron Microscopes Market

Technological advancements in SEM improves the quality control procedures of research laboratories in a wide range of industries, such as semiconductors, automobiles, and pharmaceutical manufacturing. Scanning electron microscopy plays a critical role in the imaging and elemental analysis of products. However, the advanced SEMs offer advantages, such as rapid analysis, compact size, and efficient results with higher resolution and 3D imaging. Furthermore, the COVID-19 pandemic is expected to increase the sale of SEMs.

Due to the growing prevalence of communicable diseases, the market is expected to observe substantial growth over the coming years. Market participants are entering into partnerships and collaborations to prove their technical capabilities. For instance, in November 2020, Thermo Fisher Scientific Inc. partnered with Nanoimaging Services (NIS)-a provider of Transmission Electron Microscopy (TEM) services. The partnership helped Thermo Fisher Scientific Inc. obtain better accessibility to NIS’s cryoelectron microscopy (cryoEM) technology for pharmaceutical applications and biotechnology.

Scanning Electron Microscopes Market Report Highlights

• Application of SEM in life science is expected to account for a share of 24.77% by 2028 owing to the rising prevalence of chronic diseases leading to increased R&D expenditure and demand for digital microscopes in the fields of life sciences and medicine

• Asia Pacific is expected to witness the fastest CAGR from 2021 to 2028 due to the presence of world-class manufacturers in this region and increasing usage of SEM for elemental analysis and imaging

• Growing demand for advanced SEMs for the range of material research is expected to boost the market growth in Latin America, which is expected to grow at a CAGR of 8.6% over the forecast period

• Mergers & collaborations and product developments are the key strategies being undertaken by the market players

• For instance, in January 2020, ZEISS and RIKEN Innovation entered into a partnership agreement. The partnership was aimed at expediting bioengineering innovations and bringing change in healthcare

The global life science microscopes industry generated over USD 3.36 billion in 2021 and is expected to grow at a CAGR of 8.9% over the forecast period. 

Scanning Electron Microscopes Market Segmentation

Grand View Research has segmented the global scanning electron microscopes market on the basis of application and region:

Scanning Electron Microscope Application Outlook (Revenue, USD Million, 2016 - 2028)

• Material Science

• Nanotechnology

• Life Science

• Semiconductors

• Other Applications

Scanning Electron Microscope Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America

• U.S.
• Canada

• Europe

• U.K.
• Germany
• France
• Italy
• Spain

• Asia Pacific

• China
• Japan
• India

• Latin America

• Brazil
• Mexico

• Middle East & Africa (MEA)

• South Africa
  
  

List of Key Players of Scanning Electron Microscopes Market

• Bruker Corp.

• Danish Micro Engineering (DME)

• Thermo Fisher Scientific

• Hitachi High Technologies Corp.

• JEOL Ltd.

• Leica Microsystems

• Nanoscience Instruments, Inc.

• Nikon Corp.

• Olympus Corp.

• Carl Zeiss

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Biofertilizers Market Key Players, Recent Developments And Their Impact On The Industry till 2027

The global biofertilizers market size is projected to reach USD 2.70 billion by 2027, expanding at a CAGR of 12.8%, according to a new report by Grand View Research, Inc. Rising demand for organically produced food products across emerging economies backed with growing economic stability is the key boost to the marketspace.

Organic food products are naturally-derived without utilizing any food additives or synthetic chemicals. Key contributors to the organic food market include organically produced meat and dairy products, organically cultivated fruits and vegetables, and naturally-derived beverages, which include both alcoholic as well as non-alcoholic beverages. Growing consumer preference for healthy eating habits globally coupled with rising disposable income levels of individuals in the emerging economies of Asia Pacific, including Indonesia, Japan, India, and Thailand, is projected to boost the demand for organic food and beverage products in the region.

Biofertilizers Market 

Further, according to the Research Institute of Organic Agriculture, number of organic farmers has grown significantly since 2000 due to the constant efforts undertaken by government agencies and agricultural and environmental authorities globally. The government to raise awareness about the benefits of switching to organic harvesting and incentives to promote sustainable farming practices. The largest market for organic food retail sales in 2017 and 2018 was the U.S. followed by Germany, France, China, and Italy, respectively. Growing acceptance of organic-based farming techniques and consumer inclination toward organic food are anticipated to drive the demand for organic fertilizers in the foreseeable future.

Yet another key driver for development of the market is the increased focus on environmental sustainability, which would result in reduced consumption of petroleum-based products and a shift to bio-based alternatives. Carbon footprint of greenhouse gas emission is one of the major hazards associated with the manufacturing of chemicals from crude oil. The use of biofertilizers is bound to minimize carbon footprints significantly in due course and is, therefore, being highly promoted by key regulatory authorities worldwide. Biofertilizer production emits significantly lower CO2, which makes them increasingly popular in the developed regions of North America and Europe.

Biofertilizers Market Report Highlights

• North America accounted for the largest market share of 32.6%, in terms of revenue, in 2019 and is projected to grow at a volumetric rate of 12.3% from 2020 to 2027

• Nitrogen fixing biofertilizers are observed to reflect heavy growth in terms of consumption with a CAGR of 12.1% from 2020 to 2027 on account of widespread demand generation from North American and European agricultural communities to boost yield of various cereals

• Among the various crop types, cereals & grains captured a significant market with global biofertilizer consumption share of 76.4%. This was majorly due to heavy demand for wheat from various Asian and Latin American countries such as Thailand, Singapore, India, Brazil, and Argentina.

Fertilizer Industry Size was valued at 201.3 Million Tons in 2021 and is projected to expand at a CAGR of 1.2% during 2022 to 2030.

Biofertilizers Market Segmentation

Grand View Research has segmented the global biofertilizers market on the basis of product, application, crop type, and region:

Biofertilizers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Nitrogen Fixing

• Phosphate Solubilizing

• Others

Biofertilizers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Seed Treatment

• Soil Treatment

Biofertilizers Crop Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Cereals & Grains

• Oilseeds & Pulses

• Fruits & Vegetables

• Others

Biofertilizers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

List of Key Players of Biofertilizers Market

• CBF China Biofertilizers

• Lallemand Inc.

• Novozymes A/S

• Fertilizers USA LLC

• AgriLife

• Symborg SL

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Surgical Microscopes Market Size, Share And Trends Analysis Report 2022-2030

The global surgical microscopes market size is expected to reach USD 2.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 11.37% from 2022 to 2030. With the advent of surgical microscopes, it became easier for surgeons to perform such procedures more accurately in less time. In addition, the introduction of technologically advanced products is driving the demand for surgical microscopes as they are more precise, offer better illumination sources, and provide options for customization and technology integration based on the complexity of the procedures.

Emerging technologies such as wide-angle illumination, Red Reflex illumination, automation and augmented reality microscopy are expected to boost the market growth. International players like Carl Zeiss Meditec AG and Leica Microsystems are contributing to the market by providing highly advanced, automated, and robotic surgical microscopes for more precision.

In response to the COVID-19 pandemic, hospitals decided to suspend all the elective and non-urgent surgeries, which has negatively impacted the market. However, with the ease of restrictions, treatments are resuming in many countries, including developing nations. Also, many companies, such as Alcon and Carl Zeiss, have resumed their business operations with the given government guidelines to deliver their orders.

Surgical Microscopes Market

Surgical Microscopes Market Report Highlights

• On casters was the largest type segment in 2021 due to the high portability & flexibility and low maintenance requirements of these tools. Moreover, the segment is expected to register the fastest growth over the forecast period due to the high use of casters microscope in various surgical fields

• The ophthalmology application segment accounted for the maximum revenue share in 2021. However, the ENT surgery segment is expected to register the fastest CAGR from 2022 to 2030. According to data published by The Children’s Hospital of Philadelphia, tympanostomy tube insertion surgery, also known as ear tube surgery, is the most commonly performed surgery in children in the U.S. More than 4,000 ear tube surgeries are performed each year at the hospital. Thus, an increasing number of ENT procedures is likely to favor segment growth

• Carl Zeiss Meditec AG and Leica Microsystems (Danaher Corporation) are the major players in the surgical microscopes market. Launch of new products, acquisitions, and geographic expansion are some of the strategies being adopted by key players in the market. In February 2019, Danaher Corporation acquired the Biopharma business of GE Healthcare, which also includes microscopy products the company

• Manufacturers such as Alcon, Nikon, and Carl Zeiss reported the decreases in the revenue in the second quarter of the year 2020 due to the impact of the COVID-19 pandemic which affected the supply chain of most of the companies. Currently, most of the companies have resumed their business and are delivering orders within the given guidelines pertaining to the COVID-19 pandemic

Life Science Microscopes Industry Size was valued at USD 3.36 Billion in 2021 and is projected to expand at a CAGR of 8.9% during 2022 to 2030.

Surgical Microscopes Market Segmentation

Grand View Research has segmented the global surgical microscopes market report based on  type, application, end use, and region:

Surgical Microscopes Market - Type Outlook (Revenue, USD Million, 2017 - 2030)

• On Casters

• Wall Mounted

• Tabletop

• Ceiling Mounted

Surgical Microscopes Market - Application Outlook (Revenue, USD Million, 2017 - 2030)

• Neurosurgery and Spine Surgery

• ENT Surgery

• Dentistry

• Gynecology

• Urology

• Ophthalmology

• Plastic & Reconstructive Surgeries

• Other Surgeries

Surgical Microscopes Market - End Use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospital

• Physician Clinics and Other Settings

Surgical Microscopes Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa (MEA)

List of Key Players in Surgical Microscopes Market

• Carl Zeiss Meditec AG

• Leica Microsystems

• Olympus Corp.

• Hagg-Streit Surgical GmbH

• Synaptive Medical

• Alcon, Inc.

• Topcon Corp.

• Takagi Seiko Co., Ltd.

• ARI Medical Technology Co., Ltd.

• Chammed Co., Ltd.

• Seiler Instrument, Inc.

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Solar Energy Generation Industry ESG Thematic Report, 2022

Sustainability Assessment, Policies & Regulations, ESG Issues, Infrastructure Developments, Company Profiles, Benchmarking, SWOT, Company ESG Disclosure Scores

The average ESG score for the solar energy generation industry is between 55% and 65%. Our proprietary ESG scoring framework analyzed 65 parameters across the environment, social, and corporate governance, as represented in the methodology section of this document. E.ON SE, Exelon Corporation, and five other market leaders were part of our research. Four of the market leaders ranked above average industry scores. However, one company needs to focus more on ESG reporting and transparency, as it scored well below the industry average. The majority of sustainability-related disclosures are centered on governance metrics, followed by environmental and social disclosures. 

E.ON SE leads the sector in terms of ESG disclosure, followed by Exelon Corporation and Equinor ASA.

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Environmental insights

Solar energy is one of the most impactful renewable energy sources that have significant potential in driving the energy transition. For example, solar panels can be used to generate clean power at home and reduce the cost of electricity in the long term. Solar panels are also a boon to the environment, as they reduce pollution. A well-built solar system within the premises can also help charge electric cars. Greater use of solar energy can, therefore, lower the need for nonrenewable fossil fuel sources, such as coal, natural gas, and so on. The use of solar power will have an immediate, measurable impact on the environment and provide a good Return on Investment (ROI).

The Exelon Corporation ranks first among the top five companies that have avoided around 78 million tons of GHG emissions through the use of zero-carbon nuclear power. 

Overseeing the climate risk strategy is an imperative aspect that needs to be institutionalized. The climate strategy of Exelon Corporation is overseen by a Senior Vice President of Corporate Strategy and Chief Innovation and Sustainability Officer, while Equinor ASA's strategy is overseen by the Safety, Sustainability, and Ethics Committee (SSEC) of its board of directors. Furthermore, E.ON SE is one of the top three companies in the environmental sector, with 86% of sites certified according to ISO 14001.

Social insights

Solar energy generation companies have emphasized various social aspects such as turnover rate, health & safety, diversity, enterprise & employee/customer communications through surveys, and human rights alignment. These areas are essentially the foundation of a company’s social pillar. Our research found that ESG disclosure around social pillars has not been significant, and it has scope for improvement. With respect to social disclosure, E.ON SE leads the way, followed by Duke Energy Corporation and Exelon Corporation.

Among the top three companies, E. ON SE had the lowest turnover rate, which indicates the company has managed its human capital well with high employee satisfaction. All top three companies emphasized safety metrics, which is evident from the health and safety measures that are institutionalized within their operations. In addition to the safety measures, the majority of the companies within the sector also provide employees additional health benefits, including mental health support, programs that support emotional & social health, life coaching, and many other benefits. It was noticed that only one company had 87% of its business units certified to ISO 45001 while the other two did not have safety certifications.

Our assessment showed that all major companies within the sector have conducted comprehensive employee and customer satisfaction surveys.

Governance insights

According to our research, the average industry governance score is 71%, which is the highest among all the ESG pillars. The governance pillar included information on female board members, independent directors, compensation linked to ESG parameters, and clawback policy, among others. The industry leaders scored well above 75% in the corporate governance pillar, with Exelon Corporation scoring the highest, followed by E.ON SE and Duke Energy Corporation.

The corporate governance structure becomes robust with more independent representation on the board. Our research showed that 100% of E.ON SE's directors were Independent directors, while Exelon Corporation had the lowest percentage of independent directors. An inclusive board structure demonstrates the company's commitment to diversity as well. 

Exelon Corporation had the highest percentage of females on its board at 33.33% followed by the others.

Country-level insights

The increased popularity of solar energy is quite evident from the rising number of solar energy producers across countries. The top solar power nations, such as China, are heavily reliant on clean energy with their 2030 net-zero target. The increase in clean energy investment has led to new economic and employment opportunities. Incentive policies for solar projects were introduced in the year 2020 across various countries. Few countries have also introduced incentive plans and have defined policies for solar power, which is explained in detail within the report.

Sembcorp Industries Ltd, a Singaporean company, acquired a 98% stake in GCN Capital Partners Infrastructure Fund III and its subsidiary for RMB 3.3 billion (USD 505,560,000). 

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