Heat Recovery Steam Generator Market experience sluggish growth at a 3.9% CAGR between 2016 and 2020.

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global heat recovery steam generator market is expected to reach US 1.1 Bn in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a 5.7% CAGR through 2031.

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Increasing applications of heat recovery steam generators in combined cycle plants will continue driving sales during the assessment period. Heat recovery steam generators supply steam to steam turbine cycles, which is emerging as the most effective way to generate electricity in recent years.

In addition, government initiatives in counties such as the U.S., the U.K., India, and China regarding the promotion of renewable energy will spur demand for heat recovery steam generators in the forthcoming years.

As per FMI’s regional analysis, the U.K. is expected to lead the European heat recovery generator market. Stringent regulations regarding carbon emissions in the European Union, coupled with increasing adoption of renewable energy sources, will enhance growth prospects by 2031.

Further, sophisticated customization and innovative product solutions offered by OEMs and heat recovery steam generator players will continue providing tailwinds to sales.

“Increasing investments in the power generation sector to improve efficiency, coupled with inorganic growth strategies adopted by OEMs for better market reach will continue augmenting growth in the forthcoming years,” says the FMI analyst.

Key Takeaways:

  • Fully assembled heat recovery steam generators will remain the most preferred type of design.
  • In terms of configuration, horizontal drums will account for maximum sales.
  • Based on output power, 0-60 MW segment is poised to experience high demand.
  • Combined heat and power plants will dominate the application segment.
  • The U.S. is expected to witness high demand for heat recovery steam generators, owing to increasing energy production and need for sustainable methods. The North American market is poised to grow at a 4.4% CAGR.
  • The U.K. will continue leading the European heat recovery steam generator market, expanding at a 4.6% CAGR.
  • Demand for heat recovery steam generators will continue rising in China, because of rising adoption of combined cycle plants.
  • India will emerge as a lucrative market, owing to government-backed initiatives promoting renewable energy production.
  • Japan and South Korea will collectively account for 5% of the total market share.

Competitive Landscape

Cleaver-Brooks, Siemens AG, General Electric, CMI Group, John Wood Group PLC, Cannon S.p.A., Mitsubishi Hitachi Power Systems, Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., AC BOILERS SpA, SES Tlmače, a.s., and Xizi United Holdings Limited are some players operating in the heat recovery steam generator market profiled by FMI.

The top 5 players in the market include General Electric, Siemens AG, CMI Group, John Wood Group plc, and Mitsubishi Hitachi Power Systems Ltd., accounting for 75.5% of the total market share.

Leading players, as a part of their growth strategies, are focusing on strategic collaborations, mergers, and acquisitions to expand their global footprint and improve their product portfolios. For instance:

  • In August 2021, Siemens Energy and state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based, including a 100-200 MW pilot electrolyzer facility for the clean energy industry.
  • In August 2021, Mitsubishi Power’s Philippines unit secured a three-year term of service agreement to maintain boilers of the Davao coal plant of Aboitiz Power Corp. The agreement should maintain reliable energy access in Mindanao.

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Heat Recovery Steam Generator Market by Category

By Design Type: 

  • Modular Construction
  • C-Section Construction
  • Bundle Construction
  • Fully Assembled

By Configuration Type:

  • Horizontal Drum Units
  • Vertical Drum Units
  • Horizontal-Once Through Units

By Output Power Type:

  • 0-60 MW
  • 60-100 MW
  • 100 MW & Above

By Application Type:

  • Co-generation (Process Heating)
  • Combined Cycle
  • Combined Heat & Power (CHP)

By Region, Heat Recovery Steam Generator Market is segmented as: 

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

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More Insights into the Heat Recovery Steam Generator Market Report

In its latest report, FMI offers an unbiased analysis of the global heat recovery steam generator market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. To understand the global market potential, its growth, and scope, the market is segmented based on design type (modular construction, c-section construction, bundle construction, and fully assembled), configuration type (horizontal drum units, vertical drum units, and horizontal once-through units), application type (co-generation, combined cycle, and combined heat & power), output power type (0-60 MW, 60-100 MW, and 100 MW) and across seven regions (North America, Latin America, Eastern Europe, Western Europe, the Asia Pacific excluding Japan (APEJ), Japan, and the Middle East & Africa).

Published 

Carbon Brush Market is expected to expand at a CAGR of nearly 4% during 2019 to 2029. : FMI

Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014–2018 and Market Forecast 2019–2029′, scrutinizes the carbon brush market, and offers critical insights for the forecast period between 2019 and 2029. As per the report, the global carbon brush market is projected to observe remarkable growth during the forecast period, owing to the aspects such as rising demand from industrial applications, automotive, and electrical hand tools.

The market for the global carbon brush market was valued at over US$ 2,500 Mn in the year 2018 and is expected to expand at a CAGR of nearly 4% during the forecast period of 2019 to 2029.

Increasing production is sectors such as industrial applications, automotive, electrical goods, household appliances, energy, and healthcare, among others, has resulted in a drastic growth in the demand for carbon brushes, which are used to conduct electrical current between the stationary and rotating parts of a motor. This describes the expected growth of the carbon brush market during the forecast period.

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East Asia Projected to Offer Noteworthy Growth Opportunities to the Carbon Brush Market Players:

The global carbon brush market is considerably merged, with the top 4 players accounting for around one-fourth share of the overall market. Apart from these 4 players, there are few players in the market that have established themselves at domestic and as well as global levels. Subsequently, market players involved in the carbon brush market are poised to expand into lucrative regions, and are also spending their manufacturing facilities to cater to the ever-growing demand.

In the global carbon brush market, East Asia is expected to be a prominent region throughout the forecast period, because of the increasing production and consumption of carbon brushes in China. Besides East Asia, North America, including countries such as the U.S. and Canada, is also expected to be a lucrative region for the carbon brush market. The increasing consumption of electrical appliances, industrialization, and surge in automobile sales are some of the cited factors driving the growth of the carbon brush market in East Asia.

Motor Segment, by Application Type, and Industrial Application Segment, by End-Use Industry, to Remain Prominent Over the Forecast Period

Based on product type, the electro graphite segment is expected to remain a dominant segment in the forthcoming years, accounting for a protruding share in the global carbon brush market throughout the forecast period. In terms of the growth rate, the electro graphite segment is considered projecting relatively higher growth in the coming years. Based on application, the motor segment is estimated to account for nearly one-third of the market size, owing to their vast applications in various end-use verticals. Based on sales channel, the aftermarket segment is estimated to account for nearly two-third of the market size throughout the forecast period.

Carbon brushes have significant applications in various end-use industries, such as automotive, electrical hand tools, industrial applications, household appliances, security and defense, petrochemicals, energy, and healthcare, among others. The industrial applications segment is projected to be one of the prominent end-use industry segments in the carbon brush market and is expected to account for over one-third of the total carbon brush market throughout the forecast period. Besides industrial applications, carbon brushes also find important application in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.

Carbon Brush Market–Key Research Findings

Global carbon brush market size in 2018–Nearly US$ 2,500 Mn The carbon brush market is expected to grow at a CAGR of nearly 4% over 2019-2029. East Asia and North America are expected to remain prominent regional markets in the carbon brush market. East Asia and North America are the leading regions in the carbon brush market, owing to the increasing adoption of carbon brush products for motors and increasing industrial applications for the development of carbon brush products for different applications. Distribution and marketing synergies between companies expected to exploit carbon brush market growth prospects. Major players in the carbon brush market, such as Morgan Advanced Materials, Mersen SA, Robert Bosch GmbH, Schunk GmbH,., are employing synergistic methods of product co-marketing and co-promotion, by teaming up with other companies. The synergistic partnerships between actively operating companies are proven to pose an instant growth impact on the carbon brush industry, when compared to that held by strategic acquisitions and mergers. In October 2018, Schunk GmbH laid the foundation of its new production facility in Heuchelheim. It invested approximately 30 million Euros in the project. Electro graphite is expected to remain a highly preferred product type in the carbon brush market. The demand growth of electro graphite can be primarily attributed to the growth of the global motor market. Some of the factors such as cost effectiveness and rising awareness about the benefits of carbon brush procedures are expected to propel the growth of the carbon brush market.Request a Complete TOC of this Report with figures:
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CARBON BRUSH MARKET TAXONOMY

The global Carbon Brush market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

General Graphite Metal Graphite Carbon Graphite Electro Graphite Silver Graphite Resin- Bonded Graphite Others (impregnated)By Application

Motor Generator & Alternator Current & Signal transmission Grounding Devices OthersBy Sales Channel

OEM AftermarketBy End Use

Automotive Electrical Hand Tools Industrial Application Household Appliances Security & Defense Petrochemical Energy HealthcareBy Region

North America Latin America Europe South Asia East Asia Oceania MEACarbon Brush Market: Vendor Insights

The report highlights some of the market players that are prominent and are leaders in the global carbon brush market. Some examples of the key players in this market are

Morgan Advanced Materials, Mersen SA, Robert Bosch GmbH, Schunk GmbH, Toyo Tanso Co., Ltd, Pelican Carbon Brush Pvt. Ltd, Helwig Carbon Products Inc., Aupac Co., Ltd, Assam Carbon Products Limited, Naeem Carbon & Industrial Products LLP, Phynyx Industrial Products Pvt. Ltd, and National Carbon Brush Products, among other players.For More Information or Query or Customization Before Buying, Visit:
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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

For additional actionable insights on the current and prospective market scenario of carbon brush, write in to the analyst at press@futuremarketinsights.com

Power Generator for Military Market: Demand Continues to Surge, Finds New FMI’s Study

Uninterrupted and reliable sources of power supply are vital for successful military operations. Power Generator for Military Market have application across diverse segments within the military industry. Against this backdrop, Future Market Insights (FMI) foresees lucrative prospects for power generator producers within the military market.

Power generators are used for various tactical operations within military agencies. On account of changing landscape, the inclination towards compact and lightweight designs is higher. These generators are touted as advanced equipment that offer robust output at low cost. Driven by the demand for improved fuel efficiency, sales of compact generators are expected to pick up in the coming years.

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According to FMI, the demand for advanced and fuel-efficient generators will accelerate in the coming years. Increasing budget allocation towards strengthening the defense sector will subsequently aid the expansion of the market.

FMI’s report on the power generator for military market highlights the specific needs of the defense and military sector. It identifies hidden growth opportunities for the market players, besides cautioning them against potential threats.

Some of the key takeaways from the report are:

  • Market players are likely to witness attractive growth opportunities as military agencies focus on establishing integrated power systems. This will invariably fuel the demand for generators
  • Hybrid generators are likely to comprise an exceptionally lucrative product category. Ensuring environment safety is high on the agenda of military agencies. They are keen on investing in fuel-efficient technologies that will also offer significant cost reduction
  • Backed by increasing military spending, North America is forecast to emerge as dominant market for power generators
  • While diesel will remain preferred fuel type, tightening environmental laws will boost growth prospects for natural gases as potential sources of fuel
  • Demand power generators will remain significantly high in field hospitals and field camps and accommodations.

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The COVID-19 Impact

The COVID-19 outbreak has sent shockwaves across the globe. Experts even presume it to be the worst crisis the world has witnessed in recent past. The crisis was unprecedented, resultantly it crippled the manufacturing sector of some of the major economic powerhouses.

By the time the global economy recovers from the jolt, manufacturing is expected to be among the worst-hit sectors. The incredible slump in investment, subsequently revenue generated within the industry paints a gory picture.

The power sector too is no stranger to the crisis. It is reeling under payment delays and deficits. Government owned distribution companies are particularly hampered. Nationwide lockdowns have posed unique and devastating challenges. Liquidity crunch is threatening several companies within the industry.

Key Segments

Capacity

  • Upto 60 KW
  • 61 to 250 KW
  • 251 to 500 KW
  • 501 to 1000 KW
  • Above 1000 KW

Output Type

  • AC
  • DC

Fuel Type

  • Diesel
  • Natural Gas

Installation Type

  • Stationery
  • Mobile and Portable

Application

  • Communication System
  • Air Defence System
  • Field Hospitals
  • Field Camps/Accommodation
  • Lighting
  • Military Vehicles
  • Others

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Competitive Landscape

Companies operating in the market are continuously striving to offer advanced power generation system with high output and low operational cost. In the near future they are likely to focus more on the manufacturing of hybrid generators.

Overall the focus on portfolio and footprint expansion is forecast to remain high in the market. Mergers and acquisitions make a key strategic moves adopted by the companies to gain competitive advantage. Besides this, product launches will remain a key strategy adopted by the market players.

Cummins Inc. for instance launched HSK78G natural gas generator series in March 2019. This series offers a range of advanced capabilities and innovative gas technologies.

Caterpillar Inc. introduced CAT INV2000 in December 2019. It is a portable generator.

Who is winning?

Leading companies operating in the power generator market have an impressive global presence backed a strong distribution and sales network. Because the market is fairly consolidated, Tier 1 companies are expected to account for the lion’s share.

Market players will primarily focus on expanding their global footprint and product portfolio. Considering this, besides mergers and acquisitions, product launches will remain highly preferred strategic moves among competitors.

FMI profiles some of the leading companies operating in the global market. These include

  • Cummins Inc., Caterpillar Inc., Rolls-Royce Holdings plc, HIMOINSA, Harrington Generators International, Teknel srl, GRUPEL S.A., VÝVOJ Martin, HITZINGER GmbH, Fischer Panda GmbH, Ascot Industrial S.r.l., GREEN POWER SYSTEMS S.r.l., Kohler Co., Kirloskar Oil Engines Ltd., and Ausonia S.r.l.

Oil and Gas Fittings Market increase at a CAGR of ~3% in the forecast period 2019-2029

A new market research report by Future Market Insights on the oil and gas fittings market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the oil and gas fittings market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global oil and gas fittings market is expected to experience moderate growth during the forecast period due to multiple factors such as new oil and gas drilling projects and new pipeline contracts across the globe.

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The global oil and gas fittings market is estimated to reach ~US$ 1.2 Bn in 2019, and increase at a CAGR of ~3% in the forecast period 2019-2029. This growth is majorly driven by the increasing consumption of oil and gas fittings in upstream and downstream operations.

According to FMI’s analysis, the oil and gas fittings market is set to witness a steady growth, on the back of growing upstream as well as downstream contracts and rising investment in refinery upgradation projects, in addition to rapid replacement activities.

East Asia Region Projected to Witness Bolstering Growth

North America is projected to hold significant market share in the global oil and gas fittings market value owing to new and replacement projects for the installation of oil and gas fittings that are targeted in this market study. However, the East Asia market is anticipated to project rewarding growth in the global oil and gas fittings market over the forecast period 2019-2029, with China being a leading country. This is driven by the rapid growth of onshore drilling projects coupled with the rising number of oil and gas pipeline projects in China. Apart from that, Africa will pose a strong opportunity for the manufacturers of oil and gas fittings to acquire new contracts and ventures during the forecast period.

Additionally, macroeconomic factors such as crude oil and natural gas production and consumption, oil and gas production data by key countries, and increasing number of new oil and gas pipeline projects, and pipes, valves, and fittings (PVC) contracts are some of the other factors that are boosting the growth of oil and gas fittings market.

Downstream Operations Will Drive the Demand for Oil and Gas Fittings

The global oil and gas fittings market has been segmented on the basis of product type, working pressure, material type, operation, application, and regions such as North America, Europe, Latin America, East Asia, South Asia, Oceania, and Middle East and Africa.

  • By product, tees and flanges are estimated to hold significant value shares of the global oil and gas fittings market.
  • On the basis of material, carbon steel and alloy steel are projected to have strong growth over the forecast period in terms of value. However, the use composite and fiberglass materials will positively influence the oil and gas fittings market with rapid growth.
  • In terms of operation, the deployment of oil and gas fittings in downstream operation will continue to account for significant sales. However, growing application in upstream operation is anticipated to result in increased market share during the forecast period. The growing number of projects related to new drilling wells in onshore operations will further drive the installation of new oil and gas fittings.

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Key Segment

By Working Pressure

  • Less than 2,000 psi
  • 2,000 – 4,000 psi
  • 4,000 to 6,000 psi
  • 6,000 to 10,000 psi
  • 10,000 to 15,000 psi
  • Above 15,000 psi

By Product Type

  • Tees
    • Studded Tees
    • Flow Tees
  • Flanges
    • Blind/Test
    • Companion
    • Weld Neck
  • Adapters
    • Bottom Hole Test Adapter
    • Double Studded Adapter
  • Male Pins
  • Studded Crosses

By Material Type

  • Carbon Steel
  • Stainless Steel
  • Alloy Steel
  • Fiberglass
  • Composite
  • Others

By Application 

  • Onshore
  • Offshore

By Operation

  • Upstream
  • Midstream
  • Downstream

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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Oil and Gas Fittings Market: Vendor Insights

The report indicates some of the prominent market players, who are recognized as leaders in the global oil and gas fittings market. Some of the key players in the global oil and gas fittings market are Anvil International, AVK UK Ltd, JVS Engineers, The Weir Group PLC, Hy-Lok CO., LTD, B.O.P Products LLC., FitTech Industries Pvt. Ltd., Gelbach UK Ltd, Grupo Cuñado, KINGSA Industries, Probe Oil Tools, PSL Pipe & Fittings Co., Yingkon Haitai Metal and Pipe Fittings Co., Ltd., and Woodco USA, 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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Solar Charge Controller Market will observe just-above 8% CAGR over 2018-2028

Future Market Insights (FMI) has published a new research study on the global solar charge controller market titled ‘Solar Charge Controller Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2028’. According to FMI, the solar charge controller market was valued at US$ 1.4 billion at the end of 2017 and is anticipated to grow at an impressive CAGR to reach US$ 3.4 billion by end of the forecast period.

  • Global Solar Charge Controller market size in 2017 was nearly US$ 1.4 billion
  • The Solar Charge Controller market will observe just-above 8% CAGR over 2018-2028

FMI finds that in 2018, East Asia and Europe were attractive regions in the solar charge controller market, accounting for more than 49% of the global market share. The demand for solar charge controllers is witnessing a linear trend with rising demand for offgrid solar panel systems from economies, such as China, India, USA, Brazil and some of the ASEAN and African countries.

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Developing economies, such as China, India, Malaysia and Brazil, are anticipated to positively influence the sales of solar charge controllers. Government initiatives related to subsidiaries for solar panel systems led by China, India and some of the Latin American countries are expected to further intensify the deployment of solar panel systems and solar charge controllers.

Increasing orders related to off-grid solar panel systems and solar charge controllers for deployment in remote and residential applications are expected to positively impact the growth of the global solar charge controller market during the forecast period.

Developments in solar charge controllers, such as auto night detection, LCD display, overcharging protection and growth in communication solutions integrated with solar charge controllers, are driving the growth of the global solar charge controller market. The growth of solar charge controllers market is being positively impacted by the deployment of offgrid solar panel systems.

30A to 50A Solar Charge Controllers to Hold One Third Share in Market Growth

Based on current charging capacity, solar charge controllers with 30A to 50A is anticipated to remain the primary sub-segment in terms of market share, covering nearly 33% by the end of 2028. Growth in demand for lead acid battery for storage applications in developing economies is anticipated to impact the sales of solar charge controllers. Further, the rise of new entrants in the global solar charge controller market will initiate new production bases in developing economies for solar charge controllers.

Based on technology, the MPPT based solar charge controllers will register high growth rate and are anticipated to be a prominent segment in the global solar charge controller market. PWM based solar charge controllers are expected to account for an estimated value of US$ 1,980.5 Mn by the end of 2028.

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Key Segment

By Current Charging Capacity

  • up to 8A
  • 8A to 20A
  • 20A to 30A
  • 30A to 60A
  • 60A to 80A
  • 100A to 250A
  • Above 250A

By Battery Type

  • Lead acid Battery
  • Lithium Ion Battery

By Technology

  • Pulse Width Modulation (PWM)
  • Maximum Power Point Tracking (MPPT)

By Region

  • North America
  • Latin America
  • Europe
  • Middle East and Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

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Solar Charge Controller Market will Remain Highly Fragmented

The global solar charge controller market is highly fragmented and the tier-1 players contribute to nearly 1/3rd of the market share. The competition among the global and regional players is becoming intensified due to rise of new players in developing economies. Leading manufacturers of solar charge controllers are widespread, with both regional and global players offering solar charge controllers in their targeted marketplaces.

Manufacturers are concentrating on acquiring new orders for the installation of solar charge controllers. Further, the adoption of MPPT based solar charge controllers will be a driving factor for the growth of the global solar charge controller market.

Morningstar Corp., Outback Power Inc., Studer Innotec, Victron Energy, Aims Power, Renogy, Sensata Technologies, Inc., Schneider Electric, Samlex America Inc., and DENRYO CO., LTD, are some of the key players leading the global solar charge controller market. 

About 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, the global financial capital, and has delivery centers in the 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

Mr. Debashish Roy
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MARKET ACCESS DMCC Initiative
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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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Future Market Insights,
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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.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
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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.

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
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