Global Smart Mining Market: Rising Demand for Automation to Make IoT Integral for Operations and Processes.

The global smart mining market is dominated by numerous players specializing in a variety of fields, as smart mining inherently represents a combination of different technological fields. The leading companies in the global smart mining market include Trimble Navigation Limited, Hitachi Construction Machinery Co. Ltd., Sandvik AB, Alcatel-Lucent, ABB Ltd., Symboticware Inc., Cisco Systems, Caterpillar Inc., Joy Global Inc., Hexagon, Rockwell Automation Inc., Atlas Copco, SAP SE, Alastri, Komatsu Ltd., and Stone Three Mining Pty Ltd.

The global smart mining market was valued at US$5.9 bn in 2014. Exhibiting a robust 14.7% CAGR between 2016 and 2024, the market’s valuation is expected to rise to US$22.6 bn by the end of 2024.

Automated Excavators to Dominate Demand from Smart Mining Market

The global smart mining market is segmented on the basis of equipment type into robotic trucks, automated excavators, drillers and brakers, load haul dumps, and others. Of these, automated excavators were the dominant revenue generators for the global smart mining market in 2014, accounting for a share of 29.6% in the market. The importance of enhancements in excavators to the overall mining sector is likely to ensure steady dominance of the automated excavators segment in the smart mining market in the coming years.

By hardware component, intelligent electronic smart mining systems are likely to retain a high degree of dominance in the global smart mining market in the coming years, followed by sensors, RFID tags, and others. The rising demand for comprehensive monitoring systems in the mining sector is also illustrated in the dominance of the data and operation management software segment in the global smart mining market. Other key software segments of the smart mining market include safety and security systems, analytics solutions, logistics software, remote management solutions, connectivity solutions, and asset management solutions.

View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11372

Regionally, Asia Pacific is likely to remain the leading contributor to the global smart mining market by the end of 2024. While Europe and North America are likely to follow Asia Pacific in the global hierarchy, the Middle East and Africa are likely to emerge as key markets due to the steady growth of the mining sector in several countries in the region.

Steady Incorporation of IoT Solutions Vital for Smart Mining Market

The global smart mining market is driven primarily by the acknowledgement of the rising scarcity of extracted substances and the inefficiencies in the current paradigm of the mining sector. This has led to a growing demand for solutions to improve the workflow of the mining sector. Digital monitoring of mining operations helps maximize the efficiency of mining operations, which has become the key objective for the mining sector.

The steady development of the Internet of Things (IoT) has been beneficial for the smart mining market. IoT technologies and systems have improved the operations in the smart mining sector immensely and have enabled a higher degree of automation. The rising use of IoT technologies in several sectors across the world is likely to lead to steady development of the sector, which could become a driver of prime importance for the global smart mining market in the coming years.

On the other hand, the high initial investment requirements of the smart mining industry and the lack of global standards regarding the specifications of smart mining equipment are likely to keep the global smart mining market in check. However, the growing concerns regarding the effects of the mining sector on the environment could generate a significant investment influx into the smart mining sector in the coming years.

The global smart mining market is segmented as follows:

Smart Mining Market: By Automated Equipment

• Excavators
• Load Haul Dump
• Drillers & Brakers
• Robotic Truck
• Other Automated Equipment

Smart Mining Market: By Hardware Component

• Sensors
• RFID Tags
• Intelligent Systems
• Others

Smart Mining Market: By Software Solutions

• Logistics Software
• Data and Operation Management Software
• Safety and Security Systems
• Connectivity Solutions
• Analytics Solutions
• Remote management Solutions
• Asset management Solutions

Global Lubricant Additives Market: New Emission Regulations to Push Demand, says TMR

The global lubricant additives market is led by companies such as Lubrizol Corporation, Chevron Oronite LLC, and Infineum International Ltd. Key companies in this market are focusing on innovative technologies so as to enable better product development, says a new report by Transparency Market Research (TMR). In the global lubricant additives market, brand equity plays an important role in gaining market shares. The threat from substitutes is expected to remain low as there exists only an internal substitute. There is a low threat of backward integration from additive companies. There are limited number of suppliers providing distinctive raw materials and thus, the supplier power is expected to remain medium over the coming years. Lubricant additives are mostly sold through long term contracts and thus, the buyer power is likely to remain low.

According to the report, the global lubricant additives market is expected to rise from 4334.54 kilo tons in 2015 to 4934.61 kilo tons by 2020 in terms of volume. On the basis of product, the dispersants segment is expected to lead and account for 25.55% of the market by volume by 2020. However, antioxidants is expected to grow at a significant CAGR during the forecast period owing to the increase in consumption of antioxidants and the high damage caused to engines due to oxidation in lubricants. By geography, the market is expected to be led by Asia Pacific, followed by North America. Asia Pacific is projected to account for 33.84% of the market in terms of volume by 2022.

Get PDF Brochure for more Professional and Technical industry insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3893

Stringent Emission Regulations to Push Consumers to Adopt High Quality Lubricant Additives

Regions such as Europe and North America have various stringent emission regulations which is impacting the automotive industry. Thus, high quality lubricant additives are in high demand for engines so as to ensure better fuel quality and fulfil emission standards. The growing number of vehicles in developing nations such as China and India will also help increase the consumption of lubricant additives. The sales volume of automobiles is projected to increase in the coming years as the disposable income of consumers increase in Asia Pacific and this will help drive the market for lubricant additives.

One of the factors deterring consumers from adopting lubricant additives is the improved oil drain interval. The recent development in technology and extensive research and development carried out have led to cleaner fuels, dependable engines, and enhanced drain interval period. This improvement in engine oil drain interval will reduce the consumption of engine oils in commercial vehicles, which in turn will decrease the consumption of lubricant additives. “The impact of this restraint will thankfully be low as the development of high performance engine oils will generate the need for more additives,” says a TMR analyst.

Manufacturers Need to Find Alternatives for Zinc dialkyldithiophosphate (ZDDP)

The new vehicles manufactured in Europe and North America are fitted with vehicle exhaust after-treatment systems, which help in reducing emissions. However, the sulfated ash, phosphorous, and sulfur (SAPS) produced from lubricant decomposition can damage the catalyst and block filters. Zinc dialkyldithiophosphate (ZDDP), which is used in lubricants to control engine wear and tear, contains SAPS. Thus, manufacturers are required to develop new additives that can replace ZDDP in engine oils and this difference can help position a company among the top players in the market.

The global lubricant additives market is segmented as follows:

By Product

• VI Improvers
• PPD (Pour Point Depressants)
• Detergents
• Dispersants
• Antioxidants
• Other Additives (Corrosion inhibitors, Metal deactivators, Anti-wear additives, etc.)

Turbine Inlet Cooling Systems Market - Facts About Business Strategies & Financial Status over Forecast Period 2016-2024

The competitive trends in the global turbine inlet cooling systems market is influenced by diverse factors ranging from brand identification, market concentration of manufacturers to exit barriers. However, the market has remained relatively consolidated over the years, with companies such as Mee Industries Inc., TAS Energy Inc., Stellar Energy, Caldwell Energy Inc., Humifrio S.L., Siemens AG, UTC Technologies Company, and Baltec IES Pty. Ltd. together accounting for over 60% market share in 2013, states Transparency Market Research (TMR) in a new study. Given the scenario, the degree of competition prevailing in the market is relatively low.

However, as per a lead TMR analyst, “Spurt in growth is expected in the forthcoming years, as smaller players engage in cut-throat competition to increase their share in the global market.” TMR projects the global turbine inlet cooling systems market to exhibit a CAGR of 6% between 2013 and 2022. The market stood at US$7.85 bn in 2013 and is expected to reach US$13.17 bn by the end of 2022.

By technology, the mechanical chillers segment will continue dominating the market through the forecast period. It held over 86.84% of the market’s overall revenue share based on technology in 2013. Regionally, the pace of gains witnessed in North America will continue remaining higher through the forecast period. The region held over 44.92% share in the global market based on revenue in 2013.

Diverse Benefits Offered to Power Plant Owner to Fuel Demand for Turbine Inlet Cooling Systems

Deploying turbine inlet cooling systems offers both environmental and economic benefits to the power plant owners. Installing chilling, fogging, and wet compression systems will enable industries benefit from better capacity utilization of gas turbines. Besides this, the power plant owners will also enjoy economic benefits such as increased power generation, better predictability of power output, reduced capital cost per unit, and lower fuel consumption.

View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5426

In addition, the market also sees opportunity in the increasing adoption of gas-fired power plants. With environmental concerns soaring high across the world, power plant owners are taking that extra step to curb the rising pollution levels. Natural gas has inevitably emerged an indispensable source of fuel for power plants. Thus with the increase in the number of gas fired power plants, the demand for turbine inlet cooling systems is expected to rise. Furthermore turbine inlet cooling systems help minimizing power outages during peak loads.

Shortcomings Present in Turbine Inlet Cooling Systems to Limit their Uptake

Despite the diverse benefits provided by turbine inlet cooling systems, manufacturers are yet to mitigate a few shortcomings integral to their operations. For instance, the effectiveness of fogging systems decline when exposed to increasing humidity. This often compels plant owners to shift towards more effective solutions such as hybrid solutions and chillers. The threat from other options of inlet cooling such as hybrid systems is thus increasing, which is subsequently hampering the market’s growth.

Nevertheless, the market is projected to gain from decentralization of power generation. Micro-turbines provides decentralized power generation, which makes them insulated against power blackouts and outages. The deployment of such turbines are projected to rise in the coming years, creating lucrative prospects for the global turbine inlet cooling systems market.

The report segments the global turbine inlet cooling systems market as:

Global Turbine Inlet Cooling Systems Market, by Technology:

• Inlet Fogging Systems
• Mechanical Chillers
• Wet Compression Systems

Global Rooftop Solar PV Market: Reduced Energy Payback Period to Bode Well for Market, reports TMR

The global rooftop solar PV market is highly fragmented with many regional and global players. The rooftop solar PV market is largely dominated by China-based solar companies. These companies constitute more than 50% of the global rooftop solar PV market. The local players are getting advantage of market knowledge. The market penetration is low in solar resource rich countries. The availability of traditional and renewable technologies such as wind and geothermal is expected to positioned as an alternative to traditional electricity. Complexities in other major renewable technologies will ensure the threat of substitute remains medium.

According to the report, the global market opportunity in rooftop solar PV will rise from US$1,798.1 mn in 2014 to reach US$4,584.3 mn by 2023, expanding at a 11% CAGR from 2015 to 2023. On the basis of application, the residential segment is anticipated to lead and expand at a CAGR of 13.9% from 2015 to 2023. By geography, North America will continue to lead in the global rooftop PV market and account for 32% of the market by 2023. The North American rooftop solar PV market is expected to be driven by favorable regulations by the government as well as the tax incentives offered for using this systems. In addition to this, the demand for zero emission energy source will also aid the market to grow in this region.

Interpret a Competitive outlook Analysis Report with PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3160

Reduced Battery Prices to Fuel Market Growth

The global rooftop solar PV market is driven by the demand for energy and reduced battery costs. The high efficiency offered by rooftop solar PV systems and the reduced energy payback period have also led to the growth of the market. In addition to this, tax credits and government subsidies offered for adopting rooftop solar PV systems will also contribute to the growth of the market in the long run. The support from government has led to a higher adoption of these systems worldwide. In addition to this, it is anticipated that the price of battery will reduce in the coming years, which in turn is likely to fuel the adoption of rooftop solar PV systems

Lack of Smart Grid Infrastructure to Pose a Challenge

Despite the benefits of adopting rooftop solar PV systems, the fact that they are more suitable for applications where the electricity generated should be consumed at the site itself, will act as a restraint. A lack of smart grid infrastructure leads to inefficient transmission of solar electricity to other sites. Owing to the absence of infrastructure, the trading of electricity can only be done for a limited amount. This is another problem associated with these rooftop systems. In addition to this, there exists ambiguity in terms of policy design for net metering and also, net metering has attracted negative attention from other utilities. These factors are impacting the growth of the market negatively.

On the other hand, the rooftop solar market is growing rapidly in the emerging markets and this will create new opportunities for growth in the market. “The emerging markets such as India and South Africa lack the presence of advanced grid infrastructure and will thus, opt for rooftop solar systems in the near future,” says a TMR analyst. In addition to this, the markets in South Asia such as Thailand also possess a tremendous potential for expansion owing to various government initiatives to reduce the country’s dependence on energy imports.

The global rooftop solar PV market is segmented as follows:

Rooftop Solar PV Market: By End-use

• Residential
• Commercial

Global Specialty Polymers Market: Mounting Demand from Diverse End Users to Contribute towards Revenue.

With the rising demand for specialty polymers from various end user industries, manufacturers are focusing on product innovation to meet the demand, states Transparency Market Research (TMR) in a new research report. The report is titled “Specialty Polymers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.” The research report focuses on the growth trajectory and prevalent trends of the global specialty polymers market. It further presents an analysis of the factors that are likely to impact the growth of the market both positively and negatively. The shares, strategies, and products of the key players operating in the market have also been evaluated in the report.

Specialty polymers are priced at a premium and are generally produced in small quantities. Key industries that employ specialty polymers are construction, medical, cosmetics, electronics, and automotive. Specialty polymers are classified into conducting polymers, electroluminescent polymers, liquid crystal polymers, polymer composite, biodegradable polymers, and thermoplastic polymers.

Specialty polymers exhibit several properties that differentiate them from traditional polymers and thus have applications across several industries. The unique properties of specialty polymers include flame resistance, heat resistance, and enhanced insulation. Owing to these properties, specialty polymers are employed in the manufacturing of electrical components such as switches and sockets. Bulletproof glass is manufactured using thermoplastic specialty polymers. The medical and agricultural sectors widely use biodegradable polymers. These polymers are also useful in the production of paper coatings, blow molder bottles, and films. Biodegradable specialty polymers are biocompatible and thus are used for drug delivery in the medical sector.

View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5816

Conducting specialty polymers are employed in applications that require high heat conductivity. Electroluminescent polymers are deployed in ink jet printing in the color pixels and LED devices. Likewise, liquid crystal polymers are used for controlling pressure, concentration, and temperature in body armor and protective clothing. Although the price of specialty polymers is considerably high, they are preferred by several end-use industries due to their clear advantages.

The primary drivers for the global specialty polymers market are the steady progress of numerous end-use industries and the mounting demand for specialty polymers from Asia Pacific. Manufacturers can expect opportunities from the production of eco-friendly products in the coming years. However, the growth of the market is likely to be affected by the fluctuating costs of raw materials and strict regulations imposed by the governments across the world regarding the use of certain chemicals in specialty polymers.

Region-wise, Asia Pacific has been projected to lead the market owing to the expanding electrical and automotive industries in China and India along with the robust infrastructural growth in the region. The leading manufacturers of specialty polymers are Croda International Plc., Koninklijke DSM N.V., Arkema Group, A. Schulman Inc., 3M, The Dow Chemical Company, PolyOne Corporation, Specialty Polymers Inc., and BASF SE, among others.

Waste to Diesel Market Advanced technologies & growth opportunities in global Industry by 2024.

Global Waste to Diesel Market: Overview

Waste management is a costly affair providing little scope for return on investment. This, alongside the incumbent concern of effectively disposing the soaring waste, is compelling municipal bodies and governments around the world look for cost-effective ways of managing waste generated and accumulated worldwide. Waste to diesel has thus emerged as an effective and inexpensive method of producing fuel from plastic waste, municipal waste, and fat or oil waste.

Considering the world has turbulent times ahead with the fast depleting fuel reserves, the global waste to diesel market shows potential to spawn a thriving industry. The waste to diesel concept provides relief from one of the most crucial urban problems by generating automotive-usable diesel from urban waste.

In the report, Transparency Market Research (TMR) compiles exhaustive information summarizing the factors responsible for the market’s growth. It presents an in-depth study of the prevailing market trends and growth drivers and restraints. To provide a better perspective of the global waste to diesel market to its stakeholders, the report also includes refined growth projections. The leading companies in the market are profiled to study the effect of the prevalent trends on them, and the effect of their business strategies on the overall waste to diesel market.

Get PDF Brochure for more Professional and Technical industry insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1504

Global Waste to Diesel Market: Trends and Opportunities

One of the chief factors propelling the market’s growth is the increasing demand for transport fuel. Coupled with the same, the globally rising fuel prices is creating substantial growth opportunities for the global waste to diesel market. The annual waste accumulated worldwide if processed into energy could cater to about one-tenth of the global energy requirements.

Furthermore, concerns relating to effectively disposing waste in big cities, where millions of tons of waste are generated every year with no economic value is soaring higher than ever. This however provides manufacturers with abundant yet cheap source of raw materials, enabling them to afford investing in R&D and still produce diesel at comparable rates if not less than what is prevalent in the market.

However, the method is a time-consuming one, which might create limitations for the global waste to diesel market. With an increasing number of vehicle manufacturers focusing on producing emission-free vehicles, diesel might soon get out of favor.

Global Waste to Diesel Market: Regional Outlook

The global waste to diesel market is highly lucrative, which began operations not much while ago in the U.S. and Europe because the problem of waste management has reached its optimum level in these regions. Asia Pacific and Latin America are yet to adopt this method despite the fact that they produce large quantities of waste every year at a commercial and industrial scale. The regions therefore will provide lucrative opportunities for the waste to diesel market in the near future. It is also poised to churn more and more fuel in the coming years as it penetrates into the highly populated cities, which are yet to find effective ways of disposing the large heaps of industrial waste generated annually.

Global Waste to Diesel Market: Vendor Landscape

The market has a clear first mover advantage as companies vie to establish monopoly by winning municipality contracts or even contracting with governments of nations. For instance, Covanta has gained an exclusive right over household waste generated in the U.S. The company also enjoys non-exclusive rights in countries such as China, Ireland, and the U.K. Despite the low cost of raw materials, the companies often have to incur huge expense in procurement and logistics.

Besides Covanta, some of the leading players operating in the global waste to diesel market are American Renewable Diesel, LLC, Alphakat, and others.

Global Propane Market: Use in Power Generation Units to Create Growth Opportunities, says TMR

The global propane market is fragmented in nature. Many key players are entering into the LPG compression and distribution at the regional level. There exists a high concentration of players at the regional level owing to demand. The threat from new entrants is expected to remain low in the coming years since established players already have the infrastructure and networks in place and so new entrants cannot particularly carve a place for themselves without having to invest heavily. The propane industry is expected to witness numerous joint ventures, exclusive agreements, acquisitions, and even long term agreements among importers and exporters, states a new report by Transparency Market Research (TMR). The threat of substitutes is expected to rise from low to medium owing to chances of piped natural gas (PNG), taking over liquid petroleum gas (LPG) market shares in urban areas. The competition between distribution companies is expanding as new consumers are being added.

According to the report, the global market opportunity in propane is expected to rise from US$121.83 bn in 2015 to US$145.82 bn by 2022. On the basis of geography, Asia Pacific led in 2013 and is estimated to do so through 2022 due to a high demand for propane for space heating in countries having low temperatures such as China, Japan, and South Korea. Analysts say that the propane market in Asia Pacific is expected to account for 41.39% of the market by 2022.

Propane to be in High Demand from Residential Sector

By application, the residential segment is expected to lead and account for 30.47% of the market by 2022. Propane is high in demand and popular in the residential sector owing to the less carbon emission during combustion and the fact that it is nontoxic. The use of propane is increasing in developing countries across all regions and has replaced wood and traditional fuel entirely. In some rural areas of North America and North Australia, propane is also used in heat producing appliances, livestock facilities, and heat grain dyers.

Interpret a Competitive outlook Analysis Report with PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=221

High Demand from Marine Industry to Drive Propane Market

The demand for cleaner fuel from the marine industry is growing owing to new legislations, which are limiting sulfur oxide emissions. These new rules are being implemented so as to curb pollution in the seas caused by oil and exhaust as well as by dumping. In addition to this, Emission Control Areas (ECAs) have been regulated by many sulfur emission norms, and this will drive the demand for propane as propane has nearly zero sulfur content. Additionally, propane produces lesser NOx during combustion than marine diesel oil. Propane is also cheaper than bunker oil. Thus, the global propane market is expected to grow in the coming years due to the economic and environmental benefits of propane. Another factor driving the market is the adoption of propane in the transportation sector.

Storage and Transportation of Propane to Pose Challenge

Despite the fact that propane is an economical and eco-friendly fuel, with high demand from both the domestic and transportation sector, the market is expected to face challenges relating to storage, transportation, and supply. In addition to this, high cost incurred while handling and storing propane is a problem. Infrastructure and logistic costs are also posing a grave issue. These factors are hampering the growth of the propane market. On the other hand, propane is expected to emerge as one of the most viable energy sources for power generation units and this will result in the market witnessing a substantial growth in the coming years.

The global propane market is segmented as follows:

Application

• Residential
• Commercial
• Industrial
• Agricultural
• Chemical & Refinery
• Transportation

Global Electrical Submersible Pump Cables Market: Burgeoning Exploration of New Oil Wells Hints at Significant Growth.

The level of competition among the players operating in the global electrical submersible pumps (ESP) cable market is significantly high due to the presence of a large number of companies with a comparable and strong brand value, finds Transparency Market Research (TMR) in a research report. The competition in the market is expected to intensify over the next couple of years as leading companies are opting for strategic alliances and acquisitions. For instance, to enter the ESP cables market, Halliburton Company acquired Global Artificial Lift Company. Manufacturers in the market are vertically integrated with distinct advantages in terms of both product quality and cost.

The prime companies operating in the global electrical submersible pumps cable market include Prysmian Group, Schlumberger Limited, Baker Hughes Incorporated, GE Oil and Gas, Halliburton Company, Weatherford International, Borets Company LLC, General Cable Corporation, and Hitachi Metals Ltd. The global electrical submersible pumps cable market is projected to expand at a 4.7% CAGR between 2015 and 2023. In 2015, the global electrical submersible pumps cable market was worth US$3.1 bn and is probable to touch US$4.4 bn by the end of 2023.

Get PDF Brochure for more Professional and Technical industry insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7036

EPDM Cables to Gain Prominence Globally

In the technology segment, EPDM (synthetic rubber) cables dominated the market in 2014 and are likely to maintain a dominant position until 2023 with a valuation of US$2.6 bn in the same year. By volume, it is expected to acquire 201,187 meters in 2023. According to a TMR analyst, “The growth of the EPDM (synthetic rubber) cables segment can be attributed to the growing installation of electrical submersible pumps cable of this technology type in offshore sites.” EPDM cables can be effectively employed in both high and low temperature conditions as they are flexible in terms of adaptability to fluctuating temperatures. EPDM cables have barrier tapes, which protect the insulation system and jacket from any mechanical damage. Onshore sites are likely to emerge as the key site segment by 2023 with a valuation of US$2.9 bn in the same year.

Geographically, Europe surged ahead of all the regions with a valuation of US$2.0 bn in 2015 and is projected to retain a lead by rising to US$2.7 bn by the end of 2023. Within Europe, Russia was the leading market in 2014 and is anticipated to witness striking growth during the forecast period. The growth of the Europe electrical submersible pumps cable market can be attributed to the maturing oilfields in the U.K. and Russia. The focus of the oil and gas industry is likely to be completely on offshore exploration and production activities over the next few years. As a result of this, the demand for electrical submersible pumps cable is likely to significantly increase in the near future.

Concerns over Depleting Oil Reserves to Augment Adoption of Electrical Submersible Pumps Cables

The primary factors driving the global electrical submersible pumps cable market are maturing oil wells and depleting oil reserves across the globe. As a result of this, oil and gas exploration activities have substantially risen over the last couple of years, thus boosting the demand for electrical submersible pumps and cables. Furthermore, the growing utilization of the steam assisted gravity drainage (SAGD) process in oil sand projects in Canada is anticipated to drive the deployment of ESP cables in the coming years. Re-development of oil fields after the oil spill accident in the Gulf of Mexico is another significant driver.

However, limited deployment capabilities in shale gas fields and the cutback in offshore exploration and production budgets due to a drop in oil prices are likely to restrain the growth of the market.

The market has been segmented as below:

ESP Cables Market: By Application

• Onshore
• Offshore

ESP Cables Market: By Technology

• EPDM (Ethylene propylene diene monomer)
• Polypropylene
• Others

Circulating Fluidized Bed (CFB) Boilers Market: Stricter Emission Norms to Push Demand, says TMR

The focus of players in the global circulating fluidized bed (CFB) boilers market is on increasing the power output of boilers and reduction of harmful emissions. There are a large number of potential end users and this is expected to create a wider scope for the CFB market in the coming years. The degree of competition is expected to decline from high to medium in the coming years. The threat of new entrants is expected to rise form low to medium as relatively newer technology can be exploited to its true potential by new players. There exists a strong presence of conventional substitutes for circulating fluidized bed boilers and this is expected to result in a medium level of threat from substitutes, says a new report by Transparency Market Research (TMR).

According to the report, the global installed capacity of circulating fluidized bed boilers stood at 92.0 GWe in 2014 and is expected to reach 241.9 GWe by 2023 at a CAGR of 11.25% from 2015 to 2023. On the basis of application, the oil and gas segment is expected to lead and account for 34% of the market by 2023. By product type, the subcritical CFB is likely to account for 49% of the market by 2023. On the basis of geography, China, Japan and Australia collectively accounted for 42% of the market by 2023.

Industrial Progress in Asia Pacific to Boost Demand for Circulating Fluidized Bed Boilers

The growing need for industrial progress is leading to a high demand for infrastructure and technological advancements and this is fueling the growth of the circulating fluidized bed boilers market in Asia Pacific. The versatility of CFB boilers to handle different types of fuel without needing a change in their setups will drive their demand worldwide. The growing population is another factor driving the market as it leads to a higher demand for energy and China and India have high population growth. Since at present, emission laws are not being followed and implemented uniformly throughout Asia Pacific and the Rest of the World as is the case with Europe and North America, there lies immense scope for growth in the global for the circulating fluidized bed boilers market in these regions.

View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1326

The growing concern for environmental protection and emission control is another factor which will help drive the market through 2023. In addition to this, CFB boilers are based on the circulating fluidized bed technology, which helps in decreasing the particulate waste that is released into the atmosphere. CFB boilers can also use various types of fuels such as low grade coal, agricultural waste, high carbon petroleum coke, and biomass. They are also comparatively more reliable than conventional boilers, thus driving their demand. On the other hand, they have high maintenance cost. They erode quickly owing to rusting and oxidation.

Growing Emphasis on Cleaner Energy to Ensure Growth Opportunities in Future

CFB boilers are essentially one of the many outcomes of the growing demand for cleaner energy sources. Circulating fluidized bed boilers have successfully helped in reducing carbon footprint to a large extent. As the demand for clean energy increases with stringent government policies regarding emission will create a favorable situation for the growth of the circulating fluidized bed boilers market.

The global circulating fluidized bed boilers market is segmented as follows:

By Type

• Subcritical
• Supercritical
• Ultra-supercritical

By Application

• Oil and Gas
• Chemicals
• Manufacturing
• Others

Scarcity of Freshwater Resources to Boost Global Water management Market for Oil and Gas Industry

The global water management market for the oil and gas industry has been expanding at a rapid pace since the last decade. The market is gaining from the growing inclination of oil exploration and production companies towards unconventional oil well drilling and completion techniques, specifically hydraulic fracturing and horizontal drilling, which require fresh water in high amount.

According to a research study published by Transparency Market Research (TMR), the scarcity of freshwater resources across the world has compelled the companies operating in the oil and gas industry to focus on saving and recycling water in their operations, which is driving the demand for water management in the oil and gas industry significantly.

Challenges Faced During Water Acquisition and Wastewater Disposal Fuel Demand for Water Management

Saudi Aramco, Gazprom, National Iranian Oil Co., Exxon Mobil, Rosneft, PetroChina, BP, Royal Dutch Shell, Petroleos Mexicanos, Kuwait petroleum Corp., and Chevron are some of the biggest companies functioning in oil and gas production across the world.

These enterprises face a number of challenges during the process of water acquisition as well as wastewater disposal. The whole process puts tremendous pressure on them in terms of management and operational expenditure. This is when the water management solutions emerge at the forefront. These solutions enhance production and operational quality in oil and gas reservoirs, providing cost efficiency and environmental protection.

Water Management Solutions Vendors Focusing to Reducing Water Management Cost

Ovivo, Sclumberger, Veolia, Ridgeline Services, Green Hunter Resources, Aquatech, Layne, and Heckmann Corp. are the major vendors of water management solutions for the oil and gas industry. These players are increasingly focusing on reducing operational risk as well as cost incurred on water management, enhancing efficacies, and maintaining a social license to function in communities.

Interpret a Competitive outlook Analysis Report with PDF Brochure :http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4043

The leading vendors are adopting a number of approaches to provide best-in-class water management solutions. Here is a snapshot of the most popular approaches to manage water in the oil and gas industry:

• Reutilization of Oilfield Wastewater : The production of oil and gas through unconventional techniques generates huge volumes of flowback fluid. Vendors are recognizing this fluid as an asset that creates opportunities to reduce the consumption of freshwater, decrease costs, and increase sustainability.

• Increasing Usage of Brackish Water as a Replacement for Freshwater

Various vendors, particularly in water-deficient regions, have begun to research on the potential of brackish water as a replacement for freshwater in order to reduce the usage of freshwater in hydraulic fracturing programs. The demand for brackish water is likely to escalate in the coming years as the water conservation bodies in several economies are implementing rules and regulation to limit freshwater withdrawals for oil well drilling.

• Avoiding Transportation by Trucks

The transportation of water by trucks costs a huge sum of money. In fact, it is one of the costliest components of the water management cycle in the oil and gas industry. The increase in the recycling of oilfield wastewater and on-site water treatment is helping operators in decreasing the need to transport water and wastewater. Additionally, vendors are deploying networks of pipes in order to transfer fluids to centralized units for treatment.

Water hauling services, produced water treatment services, and water disposal services are the main solutions offered by the vendors of water management solutions in the oil and gas industry.

Blowout Preventer Market: Full Steam Ahead for Seaborne Trading as Safety Regulators Demand Greater BOP Use.

Key participants in the global blowout preventer market have consistently been a part of the leading usage location of onshore wells. Uztel SA, GE Oil and Gas, Control Flow, Inc., and Cameron International Corporation are examples of leading players in the market that hold prominence in onshore BOP manufacture.

According to a research report released by Transparency Market Research, the competitive intensity in the global blowout preventer market is expected to increase over the coming years due to a high level of brand identification and product differentiation. Additionally, incumbents from industries are not dependent solely on BOP requirements and usually possess a greater scope of applications based on economic strengths of each region, further increasing the rate at which new entrants may enter over the coming years.

The report, however, states that this threat of new entrants is likely to remain low till 2022 due to the high capital required for market entry and the high level of technical and skilled labor required to manufacture BOPs. The global blowout preventer market is expected to reach US$38.58 bn by the end of 2022. Its revenue is expected to expand at a CAGR of 4.22% within a forecast period from 2014 to 2022 and is expected to reach US$32.84 bn by the end of 2016.

MEA Shares to Continue Dominating BOP Demand

The Middle East and Africa are expected to continue being the leaders in the global blowout preventer market over the coming years. The collective region’s share over recent years has been over 25%. One of the key regions for the MEA dominance in the global blowout preventer market is the aggressive strategies employed by players in this region towards procuring greater sales and revenue shares from the region’s massive oil and gas sector. The Middle East especially is expected to amplify its production rates of hydrocarbons over the coming years, giving players in the global blowout preventer market plenty of opportunities for profits.

Get PDF Brochure for more Professional and Technical industry insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2262

Sea Trading Scope to Expand, Inviting Greater BOP Demand

“The players in the global blowout preventer market are expected to find key driving forces from the volume of seaborne trade that has been happening. Sea trade is expected to increase at very high indices over the coming years, providing BOP manufacturers a large platform of demand to expand on,” states a TMR analyst. The upcoming increasing sea trade volumes are likely to intensify the traffic in key choke points across the water routes for tankers and trade units, such as the Strait of Malacca and the Strait of Hormuz in the case of oil trade. These choke points are making it increasingly necessary to use advanced and efficient BOPs.

Another factor intensifying the demand for BOPs is the increasing stringency of safety norms being implemented on sea transportation and offshore oil wells. Recent events such as the Macondo well explosion suffered by BP have prompted many regulatory and government bodies to intensify the rules that all water-related exploration and trading activities are expected to follow.

High Volatility in Crude Prices Stifling BOP Demand

The key restraint acting on the global blowout preventer market at the moment, is the massive disparity between highs and lows in crude prices. After the introduction of shale exploration, the oil and gas production around the world skyrocketed and prices of crude fell. Fracking is a primarily on-land activity and has, since its inception, put a strong stopper on offshore exploration and extraction activities. The intensity of this restraint is expected to weaken over time as production rates stabilize.

“Cost-effectiveness is a key catchphrase for a lot of users of BOPs, and the latest advancements in BOP technologies might provide just that. The implementation of subsea disconnect systems in SBOPs are expected to help the global blowout preventer market thrive over the coming years, while other technologies and innovations are continuously being introduced,” adds the analyst.

Key segments of the Global Blowout Preventer (BOP) Market

BOP Market: By Configuration

• Annular BOP
• Ram BOP

BOP Market: By Location

• Onshore
• Offshore

Global Small Hydropower Market: China to Lead in APAC Region

Region-wise, the global small hydropower market is divided into Europe, North America, Asia Pacific, South and Central America, and the Middle East and Africa. In 2014, Asia Pacific stood out as the largest market for small hydropower in the world and held a share of 70.3%. In terms of SHP (small hydropower) installations, China is leading the small hydropower market in APAC, followed by India and Japan.

China has been so successful in the small hydropower sector that its implementation model is being used by many developing countries to expand their small hydropower capacity in order to address their own energy issues. In the past, construction of small hydropower in China was initially aimed to supply electricity for mountainous regions in collaboration with small-scale water conservancy projects. However, in the past decades, the SHP sector in China has flourished and attracted a significant amount of attention from the UN.

Get PDF Brochure for more Professional and Technical industry insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7730

Rising Installed Capacity of SHP to Drive China Market

The resources to develop SHP in China are massive. The installed SHP capacity in China is concentrated mostly in Guangdong and 20 other provinces and cities, which account for around 60% of the country’s capacity. During the 12th Five-Year Plan, China planned to add approximately 160GW of hydropower with around 40GW of pumped storage capacity. This is projected to drive the capacity and efficiency of hydropower in many areas of the country. By the end of 2015, around five SHP provinces with 3GW and five SHP provinces with 5GW capacity will be completed.

This demonstrates the positive momentum of the small hydropower market in China. This, in turn, will drive the overall small hydropower market. The China small hydropower market benefits greatly from the favorable policies implemented by the Chinese government. The government in China promotes the small hydropower sector by providing tax credits and incentives.

Underutilization and Environmental Issues to Challenge China Small Hydropower Market

Although China will continue to register strong growth in small hydropower, it will be challenged by several issues. The China small hydropower market is facing two key issues: environmental impact of SHP and the underutilization of resources in the country. China has vast potential to develop in this sector.

Presently, small stations in China are lagging far behind other developed nations. Italy is leading the small hydropower market in Europe due to its well-structured policies and large funding for market development. In North America, the small hydropower market is led by the U.S. and Canada due to their major SHP installations. The environmental impact of small hydropower stations in China such as soil erosion is also suppressing the development of this sector.

To overcome these issues, China is focusing more on scientific planning and management to reduce the impact of SHP on the environment and boost its installed capacity of small hydropower stations.

Hydro-Pumped Storage Plants Market Global Market Opportunity Assessment Study 2024.

Global Hydro-pumped Storage Plants Market: Overview

The ever-increasing global population and the limited availability of non-renewable energy resources make it mandatory to conserve as much energy as possible and use it efficiently. Hydro-pumped storage plants are used by the power industry for the purposes of peak shaving and load balancing. These facilities store energy in the form of water in an upper reservoir, pumped from another reservoir at a lower elevation. This enables the generation of power as and when required as well as conserve it during low demand intervals.

The players in the market for hydro-pumped storage plants generate maximum revenue from the sale of power during peak loads at a premium cost, thereby balancing the load on conventional energy sources. The report observes that hydro-pumped storage plants can be harnessed better when used alongside wind energy turbines. These wind turbines pump water back into the reservoir during lean demand, resulting in the better utilization of excess generation. According to the report, the global market for hydro-pumped storage plants is to expand at a healthy CAGR during the forecast period of 2014 to 2020.

View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3555

Based on technology, the global market for hydro-pumped storage can be segmented into single reversible pump turbines and separate pump and turbine generators. Recent developments in this sector are giving rise to a few new technologies such as micro hydro-pumped storage plants, seawater hydro-pumped storage plants, and underground hydro-pumped storage plants. By application, this market can be segmented on the basis of the service they provide, such as energy balancing, stability, storage capacity, and ancillary grid services.

Global Hydro-pumped Storage Plants Market: Trends and Opportunities

The report finds that the increasing demand for energy storage systems and the emergence of ancillary services are two of the primary factors that are driving the global market for hydro-pumped storage plants. It has also been noted that hydro-pumped storage is gaining traction because of the increased importance of grid stability, along with the need for load balancing and energy storage. Moreover, the requirement of alternative energy sources with black start capability, reactive power generation, and an ability to operate as a spinning reserve are other factors that augur well for the future of this market during the forecast period.

Conversely, the most prominent restraint on the hydro-pumped storage plants market, according to the report, is the requirement of large bodies of water wherever these plants are set up. Additionally, not all locations are ideal for the height variation that is required between two reservoirs for the proper functioning of hydro-pumped storage plants. However, the report finds that the requirement of height variations can be easily overcome via manmade alterations to the topography, which results in a desired size and height measurement. As the pressure mounts on electrical grids globally to cater to the ever-growing demand for energy, the demand for ancillary services is increasing.

Global Hydro-pumped Storage Plants Market: Region-wise Outlook

The earliest development of hydro-pumped storage plants occurred in the central European region, especially in the U.K., Austria, Italy, and Switzerland. As a result, Europe served as the most prominent market for these energy storage plants in 2012, followed by Asia Pacific and North America. The report rates Japan as a significant market for hydro-pumped storage in Asia Pacific region while the U.S. accounted for over 95% of the installed pumped storage hydro generating capacity in 2012, with Canada occupying the remaining. Africa is rated as a relatively nascent market but a few countries in these regions are showing promising potential for the future.

Companies Mentioned in the Research Report

Some of the prominent players in the global market for hydro-pumped storage plants are Alstom, First Hydro, Exelon, Voith, and J-Power. To present a thorough evaluation of the competitive landscape, the report provides vital details of these players such as production, capacity, price, cost, gross, and segmented revenue.

Subsea Boosting Systems Market: Growing Count of Offshore Oil and Gas Discoveries to Bolster Market Development.

The top companies operating in the global subsea boosting systems market are FMC Technologies, Inc., GE Oil & Gas, and OneSubsea, among others. These three players constitute a dominant share of 78% in the market, as per Transparency Market Research. The increasing count of strategic subsea partnerships amongst the top service providers of subsea boosting technology services have enabled these top companies in consolidating the market share amongst them. The threat of substitutes in the market will remain low, while the degree of competition is estimated to shift to medium from high from 2015 to 2023.

The global subsea boosting system market is predicted to grow at a 9.70% CAGR between 2015 and 2023 and is predicted to value US$3.07 bn by 2023 end. In terms of application, the segment of oil field is predicted to lead the market. This is due to the rising investments in shallow water oil drilling and the utilization of helicoaxial pumps having enhanced subsea boosting systems. In addition, owing to the increasing research activities taking place by companies for oil field discovery, this application segment is predicted to hold a share of 67.7% by 2023, in terms of revenue.

Soaring Demand for Energy to Boost Asia Pacific Subsea Boosting Systems Market

On the basis of geography, Asia Pacific leads the subsea boosting systems market because of the increasing population base in this region. In addition, the soaring energy demand in this region will also raise the demand for subsea boosting systems here. Indonesia, China, Malaysia, Australia, and Vietnam are the primary companies extensively involved in subsea activities. The Asia Pacific subsea boosting market is poised to represent a share of 23.9% in the market by 2023, in terms of revenue. Europe trailed Asia Pacific and accounted for the second position in the market. This is due to the rising deep-water drilling activities within Europe. On the other hand, the Middle East is expected to come up as the most swiftly growing region in the market due to increasing proliferation of drilling activities in U.A.E and Saudi Arabia.

Get PDF Brochure for more Professional and Technical industry insights :http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5378

Mature Oil and Gas Reserves to Drive Demand for Subsea Boosting Systems

The global subsea boosting systems market is predicted to rise due to the mature oil and gas reserves and negligible ratio of reserves-to-production in the market, states a TMR analyst. Also, owing to the skyrocketing Demand for petroleum products and fossil fuels globally, the demand for subsea boosting systems is on the rise owing to the fact that these systems improved the developed reservoirs’ production. In addition, a number of technological developments seen in the market for subsea boosting systems will bolster the overall development of this market. Furthermore, huge subsea capital expenditure expended on production hardware will further boost the demand for subsea boosting systems. On the other hand, the inconsistent prices of crude oil may work against the development of the market for subsea boosting systems.

“Nonetheless, the growing number of drilling activities in ultra-deep water and deep water will bring in new opportunities in the development of the market,” says a TMR analyst. In addition, the growing count of offshore oil and gas discoveries will also emerge as a lucrative opportunity in the global subsea boosting systems market.

The market has been segmented as follows:

Subsea Boosting Systems Market: By Water Depth

• Shallow Water
• Deep Water

Subsea Boosting Systems Market: By Application

• Oil
• Gas

Global Variable Frequency Drives Market Led by Asia Pacific, to Reach US$24.7 bn by 2020 owing to Rising Demand in Manufacturing

Transparency Market Research (TMR), a leading market intelligence firm, has announced the release of a new study on the global variable frequency drives market. The market has been examined from all angles in the report, allowing readers to make a comprehensive assessment of the market’s dynamics. The report, titled ‘Variable Frequency Drives Market - Global Industry Analysis, Size, Share, Growth Trends And Forecast 2014 - 2020,’ is available on TMR’s website for sale.

Variable frequency drives (VFD) are devices used in electromechanical systems to modulate the speed and torque of the system. VFDs achieve this by changing the voltage and frequency of the AC motor. This allows the users to enhance the energy efficiency of the machinery in question, resulting in higher energy savings. Since electric motor systems bear a major part of the total energy expenditure of the industrial sector (up to 25% of the total electrical energy around the world is, by some estimates, consumed by the industrial sector), large-scale usage of variable frequency can add up to significant savings. The growing acknowledgement of this benefit has driven the global variable frequency drives market.

According to the TMR report, the global variable frequency drives market was valued at close to US$15.5 bn in 2013. TMR analysts expect the market to exhibit a robust 7% CAGR in the forecast period from 2014 to 2020 to end up at a value of over US$24.7 bn.

TMR analysts have zeroed in on the growing use of induction motors in various industrial processes as the major driver propelling the global variable frequency drives market. Induction motors are commonly used in household items such as fans. However, the benefits imparted by the addition of a variable frequency drive have driven the usage of induction motors rapidly.

View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3452

The manufacturing sector was the largest end user of variable frequency drives in 2013 and has benefitted massively from the growing incorporation of VFDs in manufacturing processes. Rising urbanization has also increased the demand for consumer electronics that utilize induction motors, increasing the demand from the global variable frequency drives market.

Apart from the reduction in energy wastage brought about by the addition of a variable frequency drives, the global VFD market is also propelled by the increased reliability of machines utilizing variable frequency drives. The combined increase in the price margins due to the increased energy savings and reliability has been enough to convince almost every major industry to adopt variable frequency drives on a large scale.

However, the high costs of variable frequency drives, which can be attributed to their technological sophistication, have hindered the VFD market, particularly in emerging regions such as Asia Pacific, Oceania, and Latin America. Nevertheless, the increasing number of governments establishing regulations to increase the efficiency of electric motors used in the industrial sector has benefitted the global variable frequency drives market in recent years. The increasing demand for smart grid infrastructure has also brought about an increase in the usage of variable frequency drives with induction motors used in ubiquitous electronics, since they help cut down on energy wastage and thus help improve the efficiency of the entire grid network. Government support is set to remain a vital factor in the development of the global variable frequency drives market in the near future.

Of the various types of variable frequency drives used in the global market, servo drives are an eye-catching segment, due to their increasing usage automated industrial processes. However, AC variable frequency drives, particularly low-voltage AC frequency drives, are expected to claim a larger share in the coming years due to the rising demand from the petrochemicals sector.

Geographically, the report segments the global variable frequency drives market into the Americas, Europe, the Middle East and Africa, and Asia Pacific, which led the market in 2013. The booming manufacturing sector in China and India has become a key factor in the growth of the APAC variable frequency drives market and is expected to keep the market dominant in global terms in the near future.

The report also profiles major players in the global variable frequency drives market such as ABB Ltd., Crompton Greaves, and Emerson Industrial Automation.

The global variable frequency drives market is segmented as follows:

Global Variable Frequency Drive (VFD) Market: Voltage Range Analysis

• Low Voltage
• Medium Voltage

Global Variable Frequency Drive (VFD) Market: Type Analysis

• AC
• DC
• Servo

Global Variable Frequency Drive (VFD) Market: End-Use Application Analysis

• Manufacturing
• Chemical Processing
• Infrastructure Development
• Oil and Gas
• Automotive
• Power Generation
• Others