Vapour Recovery Units Market expected to register a decent CAGR of more than 5% during the forecast period of 2019-2029.

[230 Pages Report] Vapour Recovery Units Market was valued at US$ 878 Bn in 2018 and is expected to register a decent CAGR of more than 5% during the forecast period of 2019-2029. Vapor recovery units based on the adsorption principle will continue to shape the market landscape in the coming years. While considering cost and operational efficiency, adsorption-based VRUs are a universal choice among end-users. Moreover, these vapor recovery units would near revenue worth around US$ 1 Bn towards the end of the projection period. However, VRUs based on membrane separation technology are likely to witness greater demand growth owing to their straightforward installation and usage.

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Vapour recovery units arrest vapour escaping from storage tanks, and help reduce VOC emissions by nearly 90%. Growing government restrictions and new regulations on the levels of VOC emissions are anticipated to elevate the sales of vapour recovery units across the world. These units also play a major role in reducing loss of crude oil through storage tanks in upstream and downstream operations.

As a result, notable growth in crude oil storage tanks across the globe is projected to fuel the sales of vapour recovery units over the coming years. According to a recent research report published by Future Market Insights, the vapour recovery unit market was valued at US$ 878 Bn in 2018, and expected to register a decent CAGR of more than 5% during the forecast period of 2019-2029.

“North America and Europe are anticipated to retain their prominent shares in the market throughout the forecast years, due to their established markets for upstream and downstream applications. However, APEJ and MEA are anticipated to provide lucrative growth opportunities on the back of development of the oil & gas sector in these regions.”

Key Takeaways of Vapour Recovery Unit Market Study

  • Growing production and consumption of oil has resulted in a rise in the number of oil exploration units and refineries across the globe. Increment in storage batteries and tanks, in turn, is anticipated to propel the demand for vapour recovery units during the foreseen period.
  • Price volatility of crude oil and increasing loss of oil due to vapour escape from storage vents will to fuel the requirement for vapour recovery units. These units restrict crude oil wastage due to vapour loss; hence, their utilization is anticipated to increase in upstream as well as downstream applications in the coming years.
  • Environmental regulations regarding VOC emissions have become stricter across the European Union and North America. Increasing greenhouse emissions and commitment of various organizations towards sustainable development are anticipated to further motivate end users to ensure strict adherence to guidelines and regulations. The use of vapour recovery units helps these manufacturers meet these standards of emissions.
  • North America and Western Europe are anticipated to hold substantial share in the market. The prominence of potential VRU manufacturers in these regions will spur market growth.

Vapour Recovery Unit Market: Competitive Landscape

The vapour recovery unit market is highly fragmented, with the presence of numerous players across the globe. Different players in the market have substantial sales footprint in specific regions. These players include John Zink Company LLC, Zeeco Inc., and Gardner Denver Holdings Inc. Key players are adopting market strategies such as sales channel development, business partnerships with prominent players, as well as development of more advanced and efficient products that can meet emission standards.

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VAPOUR RECOVERY UNITS MARKET TAXONOMY

The global vapour recovery units market is segmented in detail to cover every aspect of the market, and present complete market intelligence to readers.

Technology

  • Membrane Separation
  • Adsorption
  • Condensation
  • Absorption

Application

  • Marine Loading
  • Truck Loading
  • Railcar Loading
  • Pipelines
  • Storage Tank Vents

Process

  • Upstream
  • Downstream

End Use

  • Oil & Gas Compressors
  • Landfills
  • Brewery and Food Processing
  • Others

Region

  • APAC
  • Americas
  • Europe
  • MEA

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Know More About Vapour Recovery Unit Market Report

The research report provides analysis of sales by total volume (Units) and value (US$ Mn), with the market being bifurcated according to technology, application, process, and end use, across four regions. The report also includes global competition analysis with the sales footprints of key players, regional competition landscape, and competition dashboard, and provides a competition analysis section that includes market footprint analysis, structure analysis, competition development, competition dashboard, and other crucial information about global and regional players in the vapour recovery unit market.

Future Market Insights also includes forecast factors such as GDP forecast, oil and gas industry upstream production, downstream production, as well as developments and technology advancements by market participants.

Petroleum Liquid Feedstock Market Competitor Analysis, Winning Strategies and Growth Drivers 2027

In a recently released research intelligence outlook, Future Market Insights forecasts high value-low growth landscape for the global petroleum liquid feedstock market over the course of next few years. The global revenue through consumption of petroleum liquid feedstock will reportedly reach around US$ 270 billion in 2019, demonstrating an estimated yearly revenue growth of 3.6% over that attained in 2018.

A steady upsurge in the demand for petroleum liquid feedstock is expected in coming years owing to a positive expansion outlook reflected by the global petrochemicals industry.

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Growing Feedstock Applications in Chemicals & Automotive Industries

Mounting consumption of motor fuels and other prominently sold end products such as aromatics, olefins, solvents, and gasoline is primarily driving the revenue of petroleum liquid feedstock at a global level. Applications in aromatics currently account for over 50% revenue share, whereas olefins are positioned by the report as an attractive segment in petroleum liquid feedstock landscape.

With soaring uptake of aromatics by chemicals industry stakeholders, it is most likely that the demand for petroleum liquid feedstock, the key component used during the manufacturing of aromatics, will also witness a strong hike in the near future. Besides chemicals industry, the automotive industry has also been a creating significant revenue generation opportunities for manufacturers of petroleum liquid feedstock.

“With a dramatically expanding vehicular fleet and the subsequent demand growth in motor fuels and gasoline, it is most likely that the consumption of petroleum liquid feedstock would experience high growth over upcoming years,” states a senior market research analyst at FMI.

Key Manufacturers Enlarging Naphtha Production Capacities

Refinery processes tend to produce higher proportions of naphtha compared to that of gas oil, which enables the former to retain top ranking segment in the market on the basis of type of petroleum liquid feedstock.

Naphtha consumption currently accounts for a whopping 91% share in the global petroleum liquid feedstock market value; the report however projects that gas oil would gradually emerge as an attractive segment over the years.

A majority of industry giants have been concentrating on increasing their naphtha production capacities by strategizing on production plants expansion across multiple geographical markets. Manufacturers based in Middle Eastern countries have been observed to have augmented their naphtha production recently.

However, with growing availability of low-priced substitutes for petroleum liquid feedstock such as propane and ethane, the naphtha space has been witnessing an oversupply scenario.

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China Slated for Maximum Market Attractiveness in Coming Years

With more than 71% market value share held collectively, petroleum liquid feedstock market in China, Europe, and Asia Pacific (excluding Japan) are likely to demonstrate notable expansion over coming years. Considerable rise in the automotive production and sales across Europe, China, and other Asian economies remains a key driving force pushing the consumption of petroleum liquid feedstock across these regions.

China however is forecast to emerge as the most lucrative market for manufacturers of petroleum liquid feedstock, and the report estimates around 4% yearly growth in China’s market value, in 2019. Moreover, Asian market for petroleum liquid feedstock still continues to face consequences of a severe demand-supply gap that is likely to trigger increased export from Europe and present multiple business opportunities for leading manufacturing companies.

Fragmented Market Landscape to Witness a Growing Focus on Capacity Expansion

In a fairly fragmented competitive landscape of the global petroleum liquid feedstock market, the Tier 1 players account a mere revenue share of 25-35%.

Prominent companies such as TOTAL S.A., BP p.l.c, Royal Dutch Shell plc, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, and China National Petroleum Corporation continue to remain top performers.

The report indicates that a majority of Tier 1 players are currently focusing on petroleum liquid feedstock production expansion, in addition to the integration of the production of other end products with that of petroleum liquid feedstock.

Whereas, the Tier 2 companies, including Idemitsu Kosan Co. Ltd., Flint Hills Resources, and YPF, and other smaller local players collectively hold the lion’s share in the market in terms of revenue.

Petroleum Liquid Feedstock Market: Segmentation

Type

  • Naphtha
  • Gas-Oil

Application

  • Aromatics
  • Olefins
  • Urea

Region

  • North America
  • Latin America
  • Europe
  • China
  • APEC
  • MEA

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Key Questions Answered in the Petroleum Liquid Feedstock Report

  • How has the petroleum liquid feedstock market evolved in the past four years?
  • What shape is the petroleum liquid feedstock market expected to take in terms of volume and value during the study period?
  • What are some of the prevailing market dynamics in the petroleum liquid feedstock market?
  • What are the competition developments and trends in the petroleum liquid feedstock market?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the petroleum liquid feedstock market?
  • What are the key challenges, opportunities and improvement factors for the petroleum liquid feedstock market players?

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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India Power Tool Market is expected to register healthy CAGR of 8.9% in terms of value, and 9.5% in terms of volume during 2016–2026

India power tools market is expected to register healthy CAGR of 8.9% in terms of value, and 9.5% in terms of volume over the forecast period (2016–2026). Growth of the power tools market in terms of revenue is attributed to various factors, regarding which FMI offers detailed insights in the report.

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https://www.futuremarketinsights.com/reports/sample/rep-gb-1929The power tools market in India is expected to register a Y-o-Y growth of 6.7% by end of 2016 and is estimated to reach INR 3,532.8 Crore in terms of revenue. Growing industrialization and widespread availability of a wide range of power tools will continue to drive growth of the India power tools market. The markets in South and North India are estimated to collectively dominate the India market.

Robust development in the industrial sector and growing automotive sales are key factors driving growth of the India power tools market. Increasing consumer confidence index (CCI) in India is projected to play a key role in escalating demand for power tools in the India market. Emergence of a variety of cost-effective, durable and multi-functional power tools is expected to fuel demand in the future. In addition, shifting consumer behavior toward DIY hacks is also expected to boost demand for power tools in India.

Professional power tools will continue to gain traction, and a major shift from nickel-cadmium to lithium-ion powered tools will create new opportunities for power tools manufacturers in the country.

However, increasing import of power tools from China may negatively affect market share of domestic and international players in the India power tools market.

The India power tools market is expected to witness increasing demand for industrial power tools as compared to household power tools. Industrial power tools segment is expected to contribute over 55.8% in terms of revenue to the market; whereas household power tools segment is expected to account for 44.2% in terms of value share by end of 2016.

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Low operational costs and ease-of-use will continue to drive electric power tools segment, which is expected to dominate the India power tools market till 2016 end. Pneumatics and other segments are projected to collectively contribute over 46% in terms of value share to India power tools market in 2016.

The markets in South India and West India represent highest penetration of power tools, owing to the concentration of many industries. South and North India markets are expected to expand significantly in terms of revenue as compared to moderately thriving East India and North India markets.

Key Segments

The subsequent sections analyze the India power tools market based on end-use, mode of operation and region, and present a forecast for the period, 2016–2026. The market is segmented:

By end-use

Industrial Power Tools Household Power ToolsBy mode of operation

Electric Pneumatic OthersBy country

North India South India East India West IndiaMajor global players in the India power tools market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Key regional players include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.

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Long-term Outlook: India’s power tools market is expected to register a healthy CAGR of 9.5% in terms of volume and 8.9% in terms of value over the forecast period, 2016–2026. Electric power tools market is estimated to account for 56.6% in terms of revenue share by end of 2026.

Christmas Tree Valves Market is estimated to be valued at US$ 2,560.5 Mn by 2018 end and reach US$ 3,556.6 Mn by the end of 2027

The global Christmas Tree Valves market is estimated to be valued at US$ 2,560.5 Mn by 2018 end and reach US$ 3,556.6 Mn by the end of 2027, expanding at a CAGR of 3.7% over the forecast period.

The global Christmas Tree Valves market is anticipated to represent an incremental opportunity of US$ 996.2 Mn between 2018 and 2027 and thus, is expected to be a low volume – high value – moderate growth market.

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Consistently swelling consumption of oil and gas from a wide range of end use industries remains the key factor pushing the number of onshore and offshore oil and gas wells, which is projected to be around 69,000 over the next three years.

The nearly US$ 2.5 billion market for Christmas tree valves is projected for a steady revenue growth outlook. A new market research study by Future Market Insights, through exclusive tracking of new Christmas tree valves, positions the global Christmas tree valves market in a high value-low volume quadrant. The overall revenue growth projections for this market are moderate over the next few years.

North America’s Oil & Gas Industry Revival Remains Crucial

Steady resurgence of the oil and gas industry in North America has been playing a pivotal role in fostering the oil and gas well explorations across the region, post 2017. Commencement of new oil and gas drilling projects, coupled with sustained shale gas drilling activities, are likely to propel the demand for installation of Christmas trees, and thereby Christmas tree valves in the region.

As indicated by the recently published research intelligence by FMI, North America currently holds around 30% share in the global market revenue, led by the US oil and gas industry. The global report however indicates that apart from the US, Russia and China are estimated to witness remarkable expansion in terms of newly drilled oil and gas wells. This has been the primary factor responsible for elevated sales of Christmas tree valves, says the report.

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The report highlights a few more factors as the key market growth influencers.

Growing Need for Christmas Tree Valves Replacement

Aged Christmas tree valves deteriorate over time and thus need to be replaced especially in case of onshore applications. A constantly increasing replacement rate of worn-out Christmas tree valves in leading markets such as the US, Canada, China, and Russia is compelling manufacturers of Christmas tree valves to introduce a new range of enhanced products.

Industrial Automation

Increasing automation of the offshore oil and gas sector has been resulting in mounting prices of Christmas trees and Christmas tree valves for oil and gas field operators. While the industry continues to witness innovations related to automation and remote monitoring, it is more likely that the demand for automatic Christmas tree valves installation would rise over the coming years.

Shifting Focus to Emerging Regions

  • A number of manufacturers export Christmas tree valves to Asian and Middle Eastern & African economies.
  • Leading manufacturing companies in the Christmas tree valves landscape are thus focusing on expansion across developing regional markets by investing in strategic collaborations with global and regional leaders in sales and distribution.
  • While India, Indonesia, and a few South East Asian countries will remain in the focal point for manufacturing facility expansion, MEA is also identified to be a highly lucrative region for penetration of Christmas tree valves market.
  • Chinese companies on the other side are focusing on offering economically priced Christmas tree valves.

Key Segments Covered

By Type:

  • Manual
  • Automatic

By Application:

  • Onshore
  • Offshore

By Region:

  • North America
  • Latin America
  • Europe
  • Middle-East & Africa (MEA)
  • China
  • Asia Pacific excluding China (APEC)

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Imbalance of Christmas Tree Valves Supply & Demand Shape Competitive Landscape

While installation of Christmas tree valves is a prominent step in both onshore and offshore applications, a majority of Christmas tree valves manufacturers are the primary manufacturers of Christmas trees. According to the study, a majority of key players in Christmas tree valves manufacturers are likely to maintain their focus on strategic acquisitions, new product launches, and manufacturing expansion, in addition to product innovation.

However, the global Christmas tree valves landscape continues to face a severe demand-supply imbalance, as the number of suppliers is relatively high, compared to that of manufacturers of Christmas tree valves. According to the report, this demand-supply imbalance is triggering competition among multinational players in Christmas tree valves landscape.

The study suggests that an approximate 25-28% of the total value of Christmas tree valves market is accounted by the Tier 1 players, including Schlumberger Limited, Dril-Quip, Inc, Aker Solutions ASA, and General Electric (Baker Hughes). Whereas, the rest i.e. around 3/4th of the global market value is occupied by the Tier 2 and other manufacturing companies in global Christmas tree valves landscape such as Kingsa Industries, Worldwide Oilfield Machine, and Stream-Flo Industries Ltd.

Some of the prominent players reported in this study of the global Christmas Tree Valves market include Schlumberger Limited, TechnipFMC Plc, Aker Solutions, Dril-Quip, Inc., General Electric (Baker Hughes), Worldwide Oilfield Machine, Stream-Flo Industries Ltd, National Oilwell Varco, KINGSA INDUSTRIES and The Weir Group PLC, among others.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Carbon Steel Tubing in Oil and Gas Lift Applications Market expanding at a moderate CAGR of 3.9% through 2028

In a recently published analysis, Future Market Insights (FMI) has studied various market dynamics including key drivers, trends, and growth scenario of the global carbon steel tubing market, with a focus on the key lift applications of carbon steel tubes in the Oil and Gas industry over the forecast period of 2018-2028. Market projections reveal revenue from the sales of carbon steel tubes for lift application in Oil and Gas industry to reach a valuation of US$ 7,029.8 Mn by the end of 2028, up from an estimated US$ 4,799.5 Mn by 2018 end, expanding at a moderate CAGR of 3.9% through 2028. FMI predicts that increasing drilling activities to compliment recovering crude oil prices will boost the sales of carbon steel tubing for a wide range of applications in Oil and Gas industry.

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Increasing number of horizontal wells in U.S coupled with flourishing oil and gas production in Gulf Of Mexico, Alaska, and the other states, will further spur the growth of carbon steel tubing market through 2028. With 1.6% Year-on-Year growth over the period of 2015-2030, natural gas consumption is projected to increased, further driving the shale gas production resulting in growing demand for carbon steel pipes. This growth is projected to present potential opportunities to oil and gas companies looking to expand their onshore activities. Also, high cost and complexities associated with offshore activities would result in service providers switching to onshore activities.

Geographically, North America is projected to dominate the carbon steel tubing landscape considering ongoing developments in hydraulic fracturing market for the production of shall gas.

Increased Oil and Gas Upstream Operations to Boost Carbon Steel Tubing in Lift Applications

FMI envisages increasing number of horizontal wells to significantly contribute towards deployment of carbon steel tubing in Oil and Gas upstream operations, further presenting potential market opportunities to manufacturers and suppliers of carbon steel tubing. Moreover, oil and gas companies replacing the aged and damaged cast and wrought iron pipes with carbon steel tubing, will drive up the adoption. Another key factor driving the demand for carbon steel tubing is the recovering Oil and Gas industry and efforts to facilitate this recovery process. Increasing shale drilling activities in U.S and Canada will also boost the demand for carbon steel pipes during the forecast period. Moreover, technological advancements in coating products to fight pipe corrosion has also supported the deployment of carbon steel tubing in oil and gas lift applications.

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Material Alternatives & Over Production of Chinese Steel Could Negatively Impact Carbon Steel Tubing Market

However, availability of material alternatives such as steel, alloy steel, chromium steel, fiber glass, fiber reinforced plastic, and corrosion resistant alloys could restrict the adoption of carbon steel tubing in oil and gas lift applications. Oil and gas companies change their tubing requirements as per the required application in onshore and offshore coupled with varying temperature conditions. Another key factor anticipated to negatively impact the manufacturing of carbon steel tubing is the skewed supply demand ratio of steel attributable to excessive production and oversupply of Chinese steel. This situation lead to cheap exports and subsequent shutting down of many steel plants, which further resulted in price crash of carbon steel.

Key Segments Covered

By Outer Diameter 

  • 60-120 mm
  • 121-250 mm

By Coating

  • Internally Coated
  • Externally Coated

By End Use 

  • Onshore
  • Offshore

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)

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NPD & Tie-Ups to Remain Key Forward Market Strategies in the Moderately Concentrated Carbon Steel Tubing Market

FMI forecasts moderate concentration and high competition in global market for carbon steel tubing in oil and gas lift applications, considering the presence of dominant Chinese and other Asian players. Moreover, high initial setup costs acts as a barrier to the entry of new players in the market. In terms of overall market strategies, development of robust, innovative tubes coupled with strategic partnerships and tie-ups with end-use companies and distributors will fit the grand scheme of things.

Key Market Participants Carbon Steel Tubing in Oil and Gas Lift Application

The report highlights some of the top companies operating in the carbon steel tubing in oil & gas lift applications market, such as Sandvik AB, ArcelorMittal S.A., Nippon Steel & Sumitomo Metal Corporation, Marcegaglia, Vallourec S.A., Tenaris S.A., Webco Industries Inc., U.S. Steel Tubular Products, JFE Holdings, Inc., SB International, Inc., CONTINENTAL ALLOYS & SERVICES Inc.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Future Market Insights,
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Digital Oilfield Solutions Market Key Insights, Profiling Companies and Growth Strategies by 2028

The extensive range of operations in the oil and gas industry is enhancing the demand for digital solutions as they reduce the operational expenditure of oil and gas operators. Considering the demand for and developments in automation solutions and security technologies, digital solutions will play a pivotal role in the oil and gas industry. As a result, the global digital oilfield solutions market is expected to witness significant growth in 2018 and will reach a market value of US$ XX Bn, exhibiting a y-o-y growth rate of 6% as compared to 2017. Furthermore, the global demand for digital oilfield solutions will also be influenced by the rising trend of connected oil and gas industry.

Digital oilfield solutions are being adopted by a large number of oil and gas operators worldwide. The innovative digital oilfield solutions validate different types of software and services, such as analytical tools and cyber-security services. The oil and gas industry is inducing automation into upstream, midstream and downstream operations to reduce operational expenditure and enhance performance in the global market. Advancements in data safety in the oil and gas industry are expected to boost the demand for digital oilfield solutions over the coming years.

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Based on component type, the software segment will continue to dominate the digital oilfield solutions market in terms of global market share and is expected to account for approximately 47.9% share by the end of 2028.

Based on end use, the upstream segment will continue to dominate the digital oilfield solutions global market and is expected to account for US$ XX Bn by 2028 end. However, the demand for digital oilfield solutions in midstream and downstream segments is expected to grow in the European region over others.

In 2018, North America is estimated to be the most lucrative region in the global digital oilfield solutions market and is likely to hold more than 24.4% of the global market share. Further, advancements in wireless communication technologies will drive the demand for digital oilfield solutions in Western Europe, North America, China and SEA & Pacific.

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Key Segments Covered

By Component

  • Hardware
  • Software
  • Services

By Domain

  • Automation solutions
  • Instrumentation

By End Use

  • Upstream
  • Midstream
  • Downstream

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • South East Asia (SEA) & Pacific
  • China
  • Japan
  • Middle East & Africa (MEA)

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Increasing demand for digital oilfield solutions in the coming years will influence prominent manufacturers to collaborate with technology providers for expanding their business. ABB, Emerson Electric, Rockwell Automation, Siemens AG, Schneider Electric, Honeywell International Inc, and General Electric are some of the key players in the global digital oilfield solutions market.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Future Market Insights,
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Shale Gas Hydraulic Fracturing Market Size, Analysis, Top Players, Target Audience and Forecast to 2027

Future Market Insights assesses the shale gas hydraulic fracturing market in the U.S, Canada, and China in its newly published report titled, “Shale Gas Hydraulic Fracturing Market: Canada, US, and China Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027.” According to the report, the US market production value is anticipated to expand from 18,059 BCF (2017) at a 9.8% CAGR, Canadian market’s production volume of 213.3 BCF in 2017 will possibly thrive at a CAGR of 8.4%, whereas Chinese market will witness the highest CAGR of 21.2%, up from the production volume of 317.6 BCF in 2017.

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US Possesses the Maximum Number of Recoverable Reserves

All the three regions are expected to witness robust growth over the forecast period and will remain the key regions for shale gas production in the next decade. However, the US market will reportedly maintain the top position owing to introduction of various technological innovations since the past few years. In addition, the country is inclining more towards using cheaper energy resources, which include shale gas; which further creates promising scenario for market growth within the US market over the 10-year forecast period.

“The market performance is highly dependent on the presence of natural gas reserves, precisely the number of recoverable shale gas reserves in a particular region,” states a research analyst (Energy, Mining, Oil & Gas domain). The major Marcellus (the largest) Shale producers are Range Resources, EQT, Rice Energy, Chevron, CONSOL Energy; the  Niobrara shale include producers such as Anadarko Petroleum, Noble Energy, Devon Energy, EOG Resources, and Whiting Petroleum.

The US thus will continue to win over other markets owing to the presence of maximum recoverable reserves of natural gas. Furthermore, frequent technological innovations particularly in the US market for shale gas production are also said to provide this region with a major thrust. The Future Market Insights’ report indicates that the US will remain dominant in terms of technology, exploration, development, production, and export of shale gas, the US will be the global leader throughout 2017-2027. Production of shale gas through hydraulic fracturing is expected to remain the most popularly used, profitable process to produce shale gas.

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US Market Taxonomy – Overview

Based on the technology used for shale gas extraction in US industry, plug and perforation segment registered more than 70% share of the total production volume attained by US market. In terms of technology and profit, plug and perforation technology has brought in several advantages to the US shale gas industry. This segment is apprehended to maintain dominance through to 2027 with a robust CAGR of over 10%, followed by the second segment – sliding sleeve technology. By end-use application, power generation is currently the largest segment with around 40% share of the US production volume, followed by industrial segment. Over the forecast period, the volume shares of transportation, residential, and industrial segments are foreseen to increase at significant CAGR values owing to increasing applications.

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Market Taxonomy

Future Market Insights’ report on Canada, US, and China’s shale gas hydraulic fracturing markets on the basis of technology and application.

By technology

  • Plug and perforation
  • Sliding sleeve

By application

  • Power generation
  • Industrial
  • Residential
  • Commercial
  • Transportation

Rather than descending natural gas prices over the past few years, a Future Market Insights’ analyst finds out that greater convenience of the fracturing process plays a crucial role in increasing adoption of hydraulic fracturing process for extraction of shale gas. On the flipside, there are certain barriers to growth of US shale gas hydraulic fracturing market, which may hamper the growth in near future. A few of them include hefty water consumption levels during hydraulic fracturing process and emission of a wide range of hazardous pollutants in underground water, both of which are apparently not acceptable by the environmental point of view.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Solar Pumps Market is estimated to grow at CAGR of ~12% during the forecast period of 2019-2029

FMI has released a new market research study on the solar pumps market that includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the solar pumps market and provides critical insights for the forecast period of 2019-2029. As per the study, the solar pumps market is projected to experience generous growth throughout the forecast period due to several governmental policies and regulations, and increasing dependency on renewable source of energy.

  • The solar pumps market size in 2019 is estimated to be valued at ~US$ 1 Bn.
  • The solar pumps market is estimated to grow at a CAGR of ~12% during the forecast period of 2019-2029.

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The solar pumps market is likely to cross the one billion mark in 2019, and grow notably at a CAGR of ~12% during the forecast period of 2019-2029. This growth is significantly driven by significant reduction in prices of solar pumps, solar panels, and power systems, along with the cost-effective installation process.

South Asia to Offer New Lucrative Opportunities

South Asia is expected to show substantial upsurge in the solar pumps market owing to the high operating costs of diesel motors and non-reliable energy distribution in countries, such as India, Thailand, and Malaysia. The region accounts for a maximum number of villages, which are deprived of electricity and lag access to the grid electricity. India is expected to witness substantial growth in the solar pumps market, owing to the cost-effectiveness and operational efficiency of solar pumps. Moreover, solar pumps reduce irrigation and electrification costs. ASEAN countries are projected to hold a significant share in the solar pumps market, on the account of increasing focus on low carbon emission in these countries. Rapid inclination of aforementioned countries towards installations of solar pumps is creating further opportunities for the market players.

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Supportive Governmental Policies Propelling the Market Growth

The global solar pumps market has been segmented based on the product, capacity, applications, and regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa.

  • Government authorities and NGOs associated with the promotion of renewable energy have succeeded to offer greater support to solar pump buyers through banking and financial institutions to offset the market restraints of high capital cost.The organizations involved, are taking collective measures to facilitate the flow of funds into solar projects, aggregate the demand within countries, standardize asset-structuring across countries, and establish an ecosystem of financial instruments to mitigate some of the investment risks. Adding to this, the funds for research & development (R&D) are also rising, which will help commercialize models and make them available for larger public use. As a result, the solar pumps market is expected to grow notably during the forecast period.
  • The solar water pumps market in India and other developing countries is primarily driven by both national and state-level government schemes addressing irrigation and rural drinking water requirements.The government offers subsidy schemes to help individuals and organizations procure these solar energy systems at reduced capital cost, which is a major driver for the marker as the cost of installing solar pumps is relatively very high when compared to the capital required for installing conventional pumps. This, in turn, is expected to drive the solar pumps market during the forecast period.
  • Governments worldwide are actively encouraging the usage of solar pumps to replace diesel and electricity-based pumps to move away from non-renewable energy sources and reduce the carbon footprint, ultimately promoting climate change. Developing countries, such as India, China, Bangladesh, and Australia are expected to emerge as game changers owing to their emission pattern. This factor might lead to a positive impact on the solar pumps market growth.

Market Segmentation

By Capacity

  • Below 4 HP
  • 4-6 HP
  • 6-8 HP
  • Above 8 HP

By Product Type

  • Submersible
  • AC
  • DC
  • Surface
  • AC
  • DC

By Application

  • Farming
  • Irrigation
  • Livestock
  • Aquaculture
  • Residential
  • Building
  • Drinking
  • Commercial
  • Swimming Pool
  • Pond Management
  • National Parks
  • Industry Water Treatment

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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Solar Pumps Market: Vendor Insights

The report highpoints some of the prominent market players, who have established themselves as global leaders in the solar pumps market. Few examples of key players in the market are KSB SE & Co. KGaA, Kirloskar Brothers Limited, Grundfos, Franklin Electric, BW Solar (Waterboy), Shakti Pumps (India) Ltd., Stanley Black & Decker, Inc.,  Glynncorp Electrical, and Bernt Lorentz GmbH & Co. KG, among others.The global solar pumps market is significantly prominent, by some players holding prominent shares of the market. Tier-1 players are focusing on mergers, acquisitions, and joint ventures with local market players and deploying advanced 4HP and 4HP-6HP solar pumps to achieve positive traction and healthy competitive edge over its competitors.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

 

Polymer Solar Cells Market boosting CAGR of 21.5% throughout the period 2017-2027

According to the latest research report on “Polymer Solar Cells: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” by Future Market Insights, the global polymer solar cells market is expected to witness exponential growth during the assessment period. This research publication focuses on the forecasts on global and regional markets by tracking the impact of restraints, drivers, trends and challenges on the global polymer solar cells market. It also includes introductory analysis on the “global photovoltaic solar cells market”. This research report also studies several opportunities for manufacturers and suppliers/distributors of the polymer solar cells market across key regions of North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA). An in-depth market segmentation of the polymer solar cells market assists to estimate the volume and value projections for a period of ten years, from 2017-2027.

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Global Polymer Solar Cells Market: Forecast

Analysis of Future Market Insights points out to a huge growth of the polymer solar cells market during the assessment period of 2017-2027. According to the global research report on polymer solar cells, the global market is anticipated to reach a value of US$ 296.3 Mn from a market evaluation of US$ 34.5 Mn in 2016 with a boosting CAGR of 21.5% throughout the period of assessment.

Global Polymer Solar Cells Market: Dynamics Impacting the Global Market

The main aspects boosting the growth of the global polymer solar cells market is the development of the electronics and electrical industry, rising demand for sources of renewable energy, increasing government support and initiatives, increasing construction activities associated with green buildings along with expanding automobile and the construction industries. Various trends are discussed in the research study, which have an indirect impact on the market’s growth, to name a few, the enhancement of manufacturing techniques of polymer solar cells (which reduce costs and enhance performance), development of electronic devices, improvement in the energy payback time with respect to both finance and energy, focusing on development of new material in order to make photovoltaics as the best alternative to organic fuels, development of new plastic solar cells to minimize energy loss and increasing the life span of organic solar photovoltaic cells. However the global polymer solar cells market is not without of challenges. High dependency on fossil fuels, high fluctuations in the prices of oil and gas, comparatively less power conversion capacity, higher dependency on hydroelectricity, low stability and strength, availability of alternatives and limited operational life of organic solar cells might pose restraint to the growth of the global polymer solar cells market.

Global Polymer Solar Cells Market: Segmental Snapshot

The global solar cells market is segmented by junction type (single layer, bilayer, bulk heterojunction, multi junction and others), by technique (printing technique, coating technique), by application (BIPV consumer electronics, automotive, defense and emergency and others) and by region (North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan, Japan and Middle East and Africa).

  • By region, Asia Pacific excluding Japan (APEJ) region is anticipated to dominate the global polymer cells market with respect to high market share during the forecast period. This region is projected to grow at the highest CAGR of 24.6% throughout the period of assessment 2017-2027. The main contributor is China, which shows high potential and is the fastest growing country with a high CAGR of 25.5% during the forecast period. North America, Japan and Western Europe also poised to show significant growth in the coming years
  • By product type, the multi-junction segment is expected to grow at a higher pace than any other segments during the assessment period. However, the bulk heterojunction segment is estimated to show higher market share thus leading the global polymer solar cells market
  • By technique, the printing segment is expected to show a high market share and high growth rate than the coating segment, to reach a value a little under US$ 240 Mn and is poised to register a robust CAGR throughout the forecast period
  • With respect to the application category, the BIPV segment is poised to grow at the highest rate to register a CAGR of 23.3% during the assessment period. It is also anticipated to witness high market share, thus leading the global polymer solar cells market by application

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Market Segmentation

By Junction Type

  • Single Layer
  • Bilayer
  • Bulk Heterojunction
  • Multi-junction
  • Others

By Application

  • BIPV (Building Integrated Photovoltaic)
  • Consumer Electronics
  • Automotive
  • Defence and Emergency
  • Others

By Technique

  • Printing Technique
  • Coating Technique

By Region

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • APEJ
  • Japan
  • MEA

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Global Polymer Solar Cells Market: Competition Analysis

The global polymer solar cells market has included several key players involved in the manufacturing and supply of polymer solar cells. The report has profiled companies such as Heliatek GmbH, InfinityPV ApS, BELECTRIC OPV GmbH (OPVIUS GmbH), SUNEW, Solarmer Energy, Inc., Armor Group,   Solvay S.A., Eight19 Ltd., SolarWindow Technologies, Inc., and Raynergy Tek Incorporation.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

Wood Pellet Market is projected to expand at a healthy CAGR of 8.7% during the forecast period 2017–2027

Future Market Insights (FMI) delivers key insights on the wood pellet market in its latest report titled, ‘Global Wood Pellet Market: Global Industry Analysis and Opportunity Assessment, 2017–2027′. According to the report, the global wood pellet market is projected to expand at a healthy CAGR of 8.7% during the forecast period in terms of revenue.

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Wood pellets are defined as are biofuel made from compressed organic matter or biomass. These technologies use a wide range of materials such as forest & wood waste, agricultural residue, and other substances.

Factors such as increasing consumption of wood pellets, increasing health consciousness among consumers, high consumption of wood pellets for residential heating, growing demand for wood pellets for electricity generation, growing exports of wood pellets rapidly growing demand for domestic wood pellets and energy, and climate change are the factors that drive the market. Enterprises and individuals, nowadays, need products that are environmentally-friendly. Collaborations between suppliers and producers ensure a strong bonding and progressive activities, and enhance the development process. This demand has given rise to the increased production of wood pellets.

Government certification is a valuable tool to assure customers that the wood pellets are made from sustainably managed forests. Increasing certification criteria is the key restraining factor of the North American wood pellet market while exporting to other countries, where various rules mandate renewable energy production. The procurement policy of wood pellets is also one of the key restraining factors in the market here. The Sustainable Forestry Initiative and Forest Stewardship Council are the certification organizations in North America.

  • 19% of U.S. commercial forestland is certified by major U.S. standards.
  • According to the Wood Pellet Association of Canada, approx. 9% of the world’s forests are certified. Out of them, more than 40% forests are in Canada, which makes these forests as an ideal source of wood pellets.

On the basis of region, Western Europe is estimated to be the largest market for wood pellets, accounting for 72.6% value share of the global wood pellets market in 2017. The region continues to dominate the market, and is expected to continue to do so throughout the forecast period.

Eastern Europe exports most of its produced wood pellets to other countries such as Germany and the United Kingdom, where it requires certification for exports. Various industries are focusing on getting certified with DINplus and green energy certifications, which will help in exporting the produced wood pellets. The rapid rate of the production of wood pellets in countries like Poland, Czech Republic, and Slovakia is a major driving factor of the wood pellet market in Eastern Europe, owing to the high amount of exports to the other developed countries of Western Europe.

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On the basis of end use, the industrial pellets for co-firing segment is projected to exhibit a CAGR of 11.0% and and 9.1% in terms of market value and volume, respectively, during the forecast period. This is attributed to the increasing demand for wood pellets in a wide range of end-user applications.

The markets in APEJ, Western Europe, MEA, and Latin America are anticipated to contribute majorly to the global wood pellet market. The market in Western Europe is expected to account for 69.6% share in terms of value in the global wood pellet market, and be valued at US$ 14,694.6 Mn by 2027 end. The increasing demand for wood pellets for residential heating and energy and climate change in Western Europe is expected to fuel revenue growth of the market in the region. The market in Western Europe is estimated to be valued at US$ 6,686.2 Mn by 2017 end, and projected to expand at a CAGR of 8.2% during the forecast period.

Factors such as increasing consumption of wood pellets, increasing health health consciousness among consumers, high consumption of wood pellets for residential heating, growing demand for wood pellets for electricity generation, growing exports of wood pellets, growing demand for domestic wood pellets and energy, and climate change are expected to drive revenue growth of the global wood pellet market.

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Market segmentation

The global wood pellet market is segmented into seven key regions:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa

Feedstock type of wood pellet covered in the report are:

  • Forest and Wood Waste Resources
  • Agricultural Residue and Waste
  • Wood pellet based on other feedstock (energy crops, food waste, and virgin lumber)

The applications of wood pellet covered in the report are:

  • Free-standing Pellet Stove
  • Pellet Stove Inserts
  • Pellet Boilers

On the basis of end use, the global wood pellet market is categorized as:

  • Industrial Wood Pellet for CHP/District Heating
  • Industrial Wood Pellet for Co-firing
  • Wood Pellet for Heating Residential/Commercial
  • Others (horse bedding, absorbent)

Key market participants covered in the report include Drax Biomas Inc, Rentech, Inc, Enviva Partners, LP, German Pellets GmbH, Viridis Energy Inc, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics of Idaho, Inc, Zilkha Biomass Energy, LLC, and Energy Girvan Limited.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/