Friday 29 April 2016

Global Underground Coal Gasification Market to Grow Strongly across India and South Africa due to Presence of Large Coal Deposits

A new market research report by Transparency Market Research, titled “Underground Coal Gasification Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2015 – 2023,” offers a comprehensive overview of the global underground coal gasification market. The report takes into consideration the various micro- and macro-economic factors impacting the growth of the global underground coal gasification market and projects the valuation of the market by 2023. The overall market has been studied on the basis of technology and regions. The profiles of some of the prominent players in the market have been included in the report.
The production of coal has increased in the past few decades and is expected to surge in the future. Traditional technologies are becoming obsolete for mining coal from the majority of the reserves. Underground coal gasification has emerged as an economic and safe method to convert the unused coal across reserves into syngas that can be utilized to produce power without mining the coal.
Environmental regulations, reduced cost of plant installation, lower capital requirement, and the usage of unused coal in deep reserves are some of the primary factors driving the global underground coal gasification method. However, drilling activities and contamination of ground water negatively affect the nearby areas of underground coal gasification sites. The presence of large coal deposits across South Africa and India holds potential for the growth of the market during the forecast period.
There are several factors that determine the quality of gas produced such as coal properties, feed conditions, pressure under the coal seam, and the heat and the mass under the coal seam. On the basis of technology, the global underground coal gasification market has been broadly categorized into shaft underground coal gasification method and the shaft-less underground coal gasification method. The shaft underground coal gasification method is the most widely used method across closed coal mines owing to safety and economic reasons. However, recently the shaft-less underground coal gasification method that works on the principle of directional drilling has gained popularity.
The report studies the global underground coal gasification market across five regions: the Middle East and Africa, Europe, Asia Pacific, North America, and Latin America. In Asia Pacific, China has around 30 projects in different phases for underground coal gasification. While Canada and the United States are driving the growth of the market in North America, the U.K. and Russia have significantly contributed towards the growth of the Europe underground coal gasification.
The report profiles some of the key players in the global underground coal gasification market such as Sasol Limited, Linc Energy, Cougar Energy Limited, Errgo Exergy Technologies Inc., Eskom Holdings SOC Limited, and Wild Horse Energy. Detailed information about the key players including their financial overview and product portfolio has been included in the report.  
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Floating Liquefied Natural Gas Market Segment Forecasts up to 2023, Research Reports:TMR

Global Floating Liquefied Natural Gas Market: Description
Natural gas has always been considered one of the most efficient fossil fuels and has witnessed rising demand in the last few decades. Natural gas extraction and production (E&P) infrastructure has also expanded accordingly and natural gas now counts as one of the most important types of fuel used around the world. However, despite significant expansion of offshore petroleum E&P undertakings, offshore natural gas E&P has traditionally consisted of transporting LNG in the gaseous form to onshore facilities, where it could be liquefied and supplied to further end users.
Browse Floating Liquefied Natural Gas Market Report with Full TOC at : http://www.transparencymarketresearch.com/floating-liquefied-natural-gas-market.html
While this system has worked well so far, the construction costs of onshore liquefaction facilities are rising, leading to a need for more cost-effective solutions. This has given rise to the idea of constructing offshore LNG liquefaction facilities. This saves costs not only by eliminating the need for onshore liquefaction, but also by allowing petroleum companies to extract isolated reserves of natural gas. While transporting gaseous LNG from such isolated patches to onshore facilities can be prohibitively expensive, utilizing floating liquefaction and storage will allow companies to make the most of offshore LNG reserves.
The high amount of savings that can be gained from this system and widespread support in the oil and gas industry are the major drivers expected to propel the global liquefied natural gas market in the coming years.
Global Floating Liquefied Natural Gas Market: Drivers and Restraints
The dramatic fall in oil prices in 2014 and 2015 has had a severe impact on the dynamics of the oil and gas industry. The price reduction has resulted in onshore natural gas liquefaction facilities becoming too expensive for most oil and gas players. This has had a positive effect on R&D into innovating floating natural gas liquefaction units.
The instability in the oil and gas market at present has also helped the floating liquefied natural gas market, since oil and gas players have become more cautious about investing in expensive onshore facilities. This has allowed floating liquefaction of natural gas to emerge as a potential solution, since floating natural gas liquefaction units can comfortably outperform onshore facilities, leading to a higher profit margin.
Since liquefied natural gas takes up less space than gaseous natural gas, it is drastically more economical for oil and gas companies to utilize offshore natural gas liquefaction units rather than transport gaseous natural gas in storage vessels.
The time required to construct an onshore natural gas liquefaction facility is also quite high. This has also led to rising acknowledgement of the benefits of using floating liquefaction vessels, which can be built quicker and do not require any long-term commitment.
Global Floating Liquefied Natural Gas Market: Competitive Dynamics
As of 2015, there were no floating liquefaction vessels in use in the global natural gas industry. Floating regasification vessels, which allow for efficient transport of LNG, are currently the dominant type of vessel in the offshore natural gas E&P scenario. Despite the expected rise of floating liquefaction vessels, floating regasification vessels will remain in production, since they are relatively cheap to build and can be bought or leased for a particular duration according to the demand. Among floating regasification vessels, Höegh LNG, Excelerate Energy, and Golar LNG have emerged as major players in the global market.
As for floating natural gas liquefaction vessels, there are three major projects expected to become operational in the coming months and years. The oil-rich waters off the northern coast of Colombia will see Exmar and Pacific Rubiales establish a floating natural gas liquefaction facility with a capacity of 0.5 MMTPA. PETRONAS is expected to produce 1-2 MMTPA liquefied natural gas from its floating liquefied natural gas unit in Malaysia, while Shell is expected to enter the floating liquefied natural gas market with its 3-MMTPA unit in West Australia, expected to become operational by 2017.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Thursday 28 April 2016

CO2 EOR Market Segment Forecasts up to 2019

Leading market intelligence firm Transparency Market Research (TMR) has announced the release of a new market research study. The new report studies the utilization of the global CO2 enhanced oil recovery (EOR) market technology in the Permian Basin in West Texas. The report is titled ‘CO2 EOR Market - Permian Basin Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019’ and is available on the company’s website for sale.
Carbon dioxide, or CO2, can be used to boost the production of oil and gas from a fossil fuel reservoir. The injection of CO2 helps decrease the viscosity of the oil present in the reservoir, which allows it to mix more easily with water. Since crude oil is naturally immiscible in water, this step is crucial in ensuring maximum extraction. This method is one of many methods used for enhanced oil recovery. However, CO2 injection is cheaper than other EOR methods and the relatively low reactivity of carbon dioxide with crude oil components results in the availability of crude oil with minimal impurities, a rarity with other EOR methods. This has propelled the CO2 EOR market, with EOR operations in the Permian Basin taking up a major share in the global market.
According to the new TMR report, oil production in the Permian basin using CO2 EOR totaled 195,000 barrels per day in 2012. Exhibiting a strong 7% CAGR from 2013 to 2019, the CO2 EOR market in the Permian Basin is expected to rise to 329,069 barrels per day.
The easy availability of cheap CO2 in the Permian Basin is a major driver propelling the Permian Basin CO2 EOR market. CO2 used in oil E&P operations in the Permian basin mostly comes from natural CO2 reservoirs. However, in the coming years, industrially sourced CO2 is expected to become the dominant source. The firm establishment of a competent CO2 supply network in the oil-rich Permian Basin will help this switch go off smoothly. CO2 supply figures and forecasts are given in the report for a period from 2012 to 2019.
The high amount of oil and gas present in the Permian Basin region has led the U.S. government to step in and provide steady support for development. This will further make all the raw materials and the CO2 much easier to procure, further propelling the Permian Basic CO2 EOR market. The Permian Basin CO2 EOR region is among the largest application areas of CO2 EOR technology and is set to remain highly productive in the near future.
The report also provides a detailed explanation of the competitive landscape of the Permian Basin CO2 EOR market, with competitive and financial profiles given for all major market participants. Leading companies in the market include Chevron Corporation, ExxonMobil Corporation, Occidental Petroleum Corporation, ConocoPhillips Co., Hess Corporation, Whiting Petroleum Corporation, and Kinder Morgan, Inc. Acquisitions and capacity additions are expected to be the underlying theme of the growth trajectory of the Permian Basin CO2 EOR market in the near future, with major players aiming to maximize oil production in this highly promising location.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Wednesday 27 April 2016

Natural Refrigerants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

A new market research study by Transparency Market Research talks about the major growth drivers and barriers of the natural refrigerants market across the globe. The research study, titled “Natural Refrigerants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023,” provides an in-depth analysis of the market, focusing on the product segmentation, current trends, major geographical segments, and vendor analysis.
By type, the global market for natural refrigerants has been classified into carbon dioxide, hydrocarbons, and ammonia. The carbon dioxide segment is projected to account for the largest share in the overall market, owing to its ease of handling. Nevertheless, several companies across the globe have been using ammonia along with carbon dioxide in industrial applications, thanks to the higher performance of the combination.
By application, the global market for natural refrigerants has been segmented into commercial refrigeration, stationary air conditioning refrigerants, industrial refrigeration, mobile air conditioning refrigerants, and domestic refrigeration. Natural refrigerants are commonly used in industrial refrigeration for cooling, condensing, and storage of reactive chemicals. Within the commercial refrigerants segment, natural refrigerants find application in high-end retail outlets and supermarkets for refrigeration of food and beverages, and other portable cold storage systems.
The high initial cost required for the installation of these systems is one of the key factors that are estimated to curb the growth of the global market for natural refrigerants in the next few years. In addition, HVAC contractors face several other challenges such as flammability and toxicity limits owing to the use of highly concentrated ammonia in small systems.
By geography, the global market for natural refrigerants has been segregated into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, currently, the developing automotive industry and tremendous growth of the commercial sector are the major factors fuelling the growth of the market in North America and Europe. The Asia Pacific market for natural refrigerants is estimated to witness rapid growth throughout the forecast period, owing to the high disposable income and improved living standards of the population. Furthermore, the booming hospitality industry in the Middle East and Africa is anticipated to exhibit high demand for refrigerating systems and air conditioners, thus augmenting the growth of the market in the next few years.
Furthermore, the research study covers the competitive scenario and presents a detailed vendor analysis of the global market for natural refrigerants. Some of the major players operating in the market are A-Gas International, Hess Corporation, HyChill, General Utilities, Airgas, Inc., Puyang Zhongwei Fine Chemical Co.Ltd., Tazzetti SpA, Engas Australasia, The Linde Group, Shandong Yuan Chemical Co., Ltd., Deepfreeze Refrigerants Inc., and Sinochem. These players are spending a huge amount on research and development activities to introduce new substitutes for conventional refrigerants.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Global Geothermal Heat Pumps Market 2014 - 2020

According to a recent market research report published by Transparency Market Research, the global geothermal heat pumps market is projected to expand at a robust CAGR of 13.1% during the period from 2014 to 2020. The report, titled “Geothermal Heat Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020,” estimates the global geothermal heat pumps market to be worth US$130.50 bn by 2020. The overall market stood at a valuation of US$55.30 bn in 2014.

Geothermal heat pumps, also known as ground source heat pumps, are central heating/ cooling systems that transfer heat from or to the ground. These systems utilize earth as the heat source or heat sink according to weather conditions. Geothermal heat pumps have been in use since 1940s and have been widely popular due to their fairly high efficiency compared to air-source heat pumps.
Rising prices of oil and electricity have led consumers to shift their focus towards low cost energy alternatives such as geothermal energy. Significant cost savings, along with environmental benefits have boosted the demand for geothermal heat pumps. Various initiatives taken by governments such as attractive payback periods associated with installing these systems in newly-built homes have further fueled the growth of the global geothermal heat pumps market. However, incorrect estimation of heat pump sizes and faulty installations have led to several instances of product recalls. This is likely to have a detrimental effect on the growth of the market. The overall market has a huge opportunity to grow with the rising demand across the commercial sector.
On the basis of technology, the global geothermal heat pumps market is categorized into open loop and closed loop systems. The closed loop systems segment is further divided into vertical loops, horizontal loops, and pond/ lake systems. In 2013, the closed loop systems segment dominated the overall market with a share of 85.68%. Closed loop systems are commonly used owing to their loop configuration.
In terms of applications, the report segments the global geothermal heat pumps market into residential and commercial sectors. Both these sectors are sub-segmented into retrofit systems and new building systems. The usage of geothermal heat pumps across the industrial and agricultural sectors is negligible. In terms of installed capacity, the retrofit systems segment across the residential and commercial sectors is expected to witness significant demand in the near future.
The report studies the geothermal heat pumps market across three key regions: North America, Asia Pacific, and Europe. In 2014, Europe and North America dominated the overall market. Switzerland, Germany, France, and Sweden are the mature markets in Europe. During the forecast period, Asia Pacific is expected to expand at a steady pace with China driving the demand from this regional market.
The report profiles some of the prominent players in the global geothermal heat pumps market such as Climatemaster Inc., Bryant Heating and Cooling Systems, Danfoss Heat Pumps U.K. Ltd., Enertech Global LLC, Kensa Heat Pumps Ltd., Dimplex Ltd., Finn Geotherm U.K. Ltd, GeoMaster LLC, Florida Heat Pump Manufacturing, and WaterFurnace International Inc. Insightful details about these companies such as financial overview, product portfolio, recent developments, and business strategies they adopted have been included in the report.
Global geothermal heat pumps market has been segmented as:
Geothermal Heat Pumps Market: Technology Analysis
  • Open Loop Systems
  • Closed Loop Systems
  • Vertical Loops
  • Horizontal Loops
  • Pond/Lake Systems
Geothermal Heat Pumps Market: End-User Analysis
Residential
  • New Building Systems
  • Retrofit Systems
Commercial
  • New Building Systems
  • Retrofit Systems
Geothermal Heat Pumps Market: Regional Analysis
  • North America
  • Europe
  • Asia Pacific
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Tuesday 26 April 2016

Global Green Energy Market to Rise at 8.3% CAGR 2013-2019 as Consumer Awareness Regarding Renewable Energy Increasess

The global green energy market has witnessed a huge change in its growth dynamics over the past few years, thanks to factors such as the rising global focus on renewable energy sources, initiatives from government and private bodies aimed at reducing the carbon footprint of the power generation industry, and rising awareness among the masses regarding the need to switch to cleaner energy sources.A recent market research report published by Transparency Market Research presents a detailed perspective of the current state of the global green energy market and, with the help of quantitative and qualitative facts pertaining to key market elements and several industry-best analytical methods, presents forecasts for the market for the period from 2013 to 2019.The report, titled “Global Green Energy Market - Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019,” states that the market will rise from US$470.1 bn in 2012 to US$831.9 bn by 2019, witnessing expansion at a healthy 8.3% CAGR therein.
Green energy refers to energy derived from natural sources such as wind, rain, sunlight, plants, tides, and geothermal heat. As these energy sources are naturally replenished and their reserves are virtually infinite, they will never diminish with use. Green energy sources have much less impact on the environment than traditional energy sources such as natural gas, oil, and coal, which contribute significantly to climate change by producing pollutants such as greenhouse gases.
Based on the type of the energy, the global green energy market has been segmented into solar photovoltaic (PV), wind energy, biofuels, hydroelectric power, and geothermal energy. Key end users of green energy analyzed in the report are residential, industrial, and commercial. From a geographical perspective, the global green energy market has been segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW).
Of the key end users of green energy market analyzed in the report, the commercial sector led the market in 2013, followed by the industrial sector. However, it will be the residential sector where the market for green energy will witness the fastest growth over the report’s forecast period, with a 9.4% CAGR expected for the segment during the forecast period.
North America was the leading regional market for green energy in 2012 in terms of revenue, accounting for a dominant share of 32% in the global market. Over the report’s forecast period, however, the Asia Pacific market for green energy is projected to witness the fastest growth, at a 10.3% CAGR.
Based on the type of green energy harnessed, hydropower been the dominant sector for the past many years, primarily owing to its vast pre-installed capacity. However, the solar PV sector is witnessing the fastest development and is expected to expand at a favorable 14.6% CAGR over the report’s forecast period. Vast technological advancements, innovations, and development of more reliable and efficient solar PV technologies are leading to their increased adoption worldwide.
The global green energy market is highly fragmented, featuring a vast number of small-, medium-, and large-scale regional and international companies. Some of the market’s most influential companies are First Solar Inc, Kyocera Solar Inc, Alterra Power Corporation, JA Solar Holdings Co. Ltd., Calpine Corporation, U.S. Geothermal Inc, Hanwha Q Cells GmbH, Suzlon Energy Ltd., Yingli Green Energy Holding Co. Ltd., GE Energy, ABB Ltd., Nordex SE, Enphase Energy Inc., Archer Daniels Midland Company, and Enercon GmbH.
The market has been segmented as:
By Energy Type
Solar photovoltaic (PV)
Solar PV inverters
  • Micro-inverters
  • String inverters
  • Central inverters
  • Wind energy
  • Hydroelectric power
  • Bio-fuels
  • Geothermal energy
By End-user
  • Residential
  • Commercial
  • Industrial
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
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Riserless Light Well Intervention Market Growth and Forecast 2014 - 2020

The global market for riserless light well intervention has been analyzed in a recent market research report by Transparency Market Research. The report, titled “Riserless Light Well Intervention Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 – 2020,” gives a forward-looking perspective on the key factors influencing the market’s future growth prospects.
Riserless light well intervention (RLWI) technologies enable cost-effective deepwater operations in mature subsea fields and are used in existing subsea wells, making the production of incremental volumes of oil possible at competitive costs. As the number of subsea wells is increasing across the globe, the need for interventions such as chemical treatment, repair, plug zone isolation, measurement, and scale removal has also increased in the oil and gas industry. This is significantly driving the global riserless light well intervention market.
RLWI operations are typically undertaken from custom-built, dynamically positioned vessels capable of performing activities such as gauging, logging, plugging, re-perforating, and a variety of downhole mechanical activities aimed at reducing flow restrictions.
The report gives a thorough overview of the past and present state of the global riserless light well intervention market, and presents a detailed analytical picture of the crucial forces that will influence the overall development of the market over the 2014-2020 period. As such, the report contains a detailed overview of the major drivers, restraints and trends, and an analysis of their impact on the market’s growth projections over the report’s forecast period.
The report combines vast market data that has been accumulated with the help of several primary and secondary research methods and databases, and inputs from industry experts. The data has been cross-checked with multiple sources of information and narrowed down with the help of industry-best analytical methods.
The report also gives a complete account of recent technological developments, an overview of the market’s regulatory scenario, and a review of the macro and micro factors necessary for market vendors to develop effective growth strategies.
The report also gives a thorough account of the competitive landscape of the global riserless light well intervention market, wherein detailed business profiles, SWOT analysis, Porter’s fiver forces analysis, recent developments, and other details pertaining to some of the key vendors in the market have been discussed.
Some of the most influential vendors operating in the global riserless light well intervention market profiled in the report are Sapura Kencana Well Services, FMC Technologies, Helix Energy Solutions Group Inc., Statoil ASA, Aker Solutions, and FTO Services.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr.Sudip.S
90 State Street, Suite 700
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Growth Of Electrical Submersible Pump Cables Market 2014 - 2023

Transparency Market Research, a global market intelligence firm, announces the publication of a new research report made available on the company website. The market research report, titled “Electrical Submersible Pump Cables Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2014 - 2023,” provides a detailed analysis of the market.According to the research report, in 2014, the global electrical submersible pump (ESP) market was valued at more than US$3 bn and is anticipated to reach a value of US$4.5 bn by the end of 2023. The market is projected to register a healthy 4.70% CAGR between 2014 and 2023.

Electrical submersible pump cables transmit surface power to the pump motor and are specially designed to perform under the downhole well setting. ESP cables are three-phase cables and differ mostly depending on the well specifications and geography. The increasing demand for ESPs worldwide and increase in the depth of oil wells are the major factors fuelling the growth of the global ESP cables market. In addition, the growing production from oil sands across the globe has provided huge opportunities for the growth of the major players operating in the market. However, limited usability in shale gas fields and the recent drop in oil prices has resulted in a reduction in production spending and offshore exploration, thus hampering the growth of the market.
On the basis of application, the global ESP cables market has been classified into offshore and onshore ESP cables. In 2014, the onshore segment led the market, holding a 69.88% share in the global ESP cables market. The configuration of ESP cables depends on the surface and sub-surface components, differentiating it for offshore and onshore oilfields. On the basis of type, the global ESP cables market has been categorized into polypropylene, EPDM, and others. In 2014, the EPDM cables segment dominated the market, holding a 57.27% share in the overall market, whereas the polypropylene cables and others segments accounted for a 34.69% and 8.03% share, respectively, in the global ESP cables market.
By geography, the global ESP cables market has been segmented into South and Central America, North America, the Middle East and Africa, Europe, and Asia Pacific. In 2014, Europe dominated the market, accounting for a 60% share in the global ESP cables market. This region is anticipated to remain in the leading position throughout the forecast period, owing to the rising number of mature fields in the U.K., Kazakhstan, Russia, and Norway. Europe is followed by North America, which held a 20% share in the global ESP cables market in 2014. The substantial share of the North America market can be attributed to the rising production from oil sands in Canada and growing shale oil production in the U.S., which are the key contributors to the growth in ESP cable installations in the region. The increasing exploration and production activities in the South China Sea are estimated to augment the growth of the Asia Pacific ESP cables market in the next few years.
The research study has further provided a clear picture of the competitive scenario of the global ESP cables market. Some of the prominent players operating in the market are Borets Company, LLC, General Cable Corporation, Prysmian Group, Hitachi Metals, Ltd., Kerite, Weatherford International, Schlumberger Limited, Halliburton Company, and GE Oil & Gas.
Key Segments of the ESP Cables Market:
ESP Cables Market: By Application
Onshore
Offshore
ESP Cables Market: By Types
EPDM (Ethylene propylene diene monomer)
Polypropylene
Others
ESP Cables Market: By Region
North America
U.S.
Canada
Rest of North America
Asia Pacific
China
Indonesia
Rest of Asia Pacific
Europe
Russia
Norway
Kazakhstan
Rest of Europe
Middle East & Africa
Saudi Arabia
United Arab Emirates
Nigeria
Rest of Middle East & Africa
South & Central America
Venezuela
Brazil
Rest of South & Central America
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr.Sudip.S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
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Monday 25 April 2016

Global Liquefied Petroleum Gas (LPG) Market’s Future Lies in Non-Associated Gas, Expected to reach US$299.05 bn by 2020

A new Transparency Market Research report states that the global liquefied petroleum gas (LPG) market stood at US$233.83 bn in 2013 and is predicted to reach US$299.05 bn by 2020. It is predicted to expand at a CAGR of 3.40% from 2014 to 2023. The title of the report is, “Liquefied Petroleum Gas (LPG) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”

Liquid petroleum gas (LPG) is also called referred to as butane or propane and is a flammable mixture made composed of a number of hydrocarbon gases. It is utilized as a fuel within heating appliances, vehicles, and cooking equipment, among others. This gas, when utilized as a vehicle fuel, is often known as auto gas. This gas is extensively utilized as a refrigerant and an aerosol propellant and replaces chlorofluorocarbons for reducing the damage caused to the ozone layers. It has a number of other uses, especially its utilization in cylinders across various markets in the form of a fuel container in the sectors of hospitality, agriculture, recreation, construction, fishing, sailing, and calefaction. It also serves as a fuel for central heating, water heating, and cooking and is extremely cost-effective in nature.
The report states that the rising consumption of auto gas has resulted in the increased utilization of LPG, hence boosting market growth. In addition, the increasing population base in regions such as that of Latin America, Asia Pacific, and Africa utilizing easily available and cheap LPG in the form of fuel is also stimulating the growth of the market. The rising trade opportunities owing to the expansion of the Panama Canal and the predictable production of shale gas within regions of Latin America and Asia Pacific are amongst the prime growth opportunities in the market for LPG. On the other hand, the unpredictable prices of crude oil result in price uncertainty of LPG prices, thus restraining market growth.
In terms of source, the report segments the market for LPG into associated gas, refinery, and non-associated gas. Amongst these, the segment of non-associated gas is predicted to take the largest share in the forecast horizon. In terms of end user, the market has been segmented into petrochemical and refinery, residential and commercial, transportation, industrial, and others. Amongst these, the residential and commercial segment led the market in 2013 and represented a share of more than 60% in the market. In this segment, LPG gas is majorly utilized as a cooking fuel and also in lighting and heating.
On the basis of geography, the report segments the market into Europe, North America, the Middle East and Africa, Asia Pacific, and South and Central America. Amongst these, the Middle East is the largest producer of LPG. On the other hand, the U.S. in North America emerged as the a net importer in 2012 and the production of LPG in North America is predicted to rise exponentially. In addition, within the U.S., the surplus production of LPG will be routed to the region of Latin America in the coming years owing to the rising demand from the commercial and domestic sectors.
As mentioned in the report, the prime players operating in the market for LPG are Exxon Mobil Corporation, British Petroleum plc., Kleenheat Gas Pty Limited, Origin Energy, Kleenheat Gas Pty Limited, Copagaz Distribuidora De Gas Ltda, SHV Energy N.V., and Repsol S.A., among others.
The global LPG market is segmented as follows:
LPG Market: Source Analysis
  • Refinery
  • Associated Gas
  • Non-Associated Gas
LPG Market: End User Analysis
  • Residential/Commercial
  • Petrochemical and Refinery
  • Industrial
  • Transportation
  • Others
LPG Market: Regional Analysis
  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South & Central America
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