Riserless Light Well Intervention Market Global Market Opportunity Assessment Study 2020.

With the increasing number of subsea wells requiring some sort of interventions such as repair, measurements, plug zone isolation, chemical treatment, scale removal there is an increasing demand for an efficient subsea light well intervention service. Such a service has been in operation on the Norwegian continental shelf for the past three years and is systematically being improved from year to year. Currently, a long term commitment has been made by Norwegian operators to acquire a RLWI service for one provider for a period of five years. In conjunction with this long term commitment new and improved technology is developed to make this service more efficient. These new technologies include deployment systems, composite cables, coiled tubing from light vessels and advanced well control systems.

Presently there are 300 operating subsea wells by Norwegian companies on the Norwegian Continental Shelf. Further, Norwegian companies are operating subsea fields in deep waters and arctic areas through their international efforts. Historically, some sort of well intervention is required often in subsea wells as large gap is found between wells on fixed platforms and subsea wells. It is mainly due to the lack of well intervention capacity and high cost for subsea wells. Hence, there arises a need to establish a RLWI service that can operate across asset borders.

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Lowering down the cost of operations is the key driving force behind the development of RLWI technology. Such type of technology helps in carrying out cost effective operations into existing subsea wells thereby resulting in additional production volumes from mature subsea fields at highly competitive costs.

The technology comprises a lubricating system for injecting downhole tool packages into the wellbore under full pressure and without taking hydrocarbons back to the vessel. All the equipments to regulate the subsea wells are employed from the dynamically positioned monohull vessel without requiring anchors and workover risers. RLWI operations are generally carried out from a dynamically positioned built intervention vessel to carry out the following operations such as gauging, plugging, logging, re-perforating and various mechanical works to reduce the flow restrictions.

By converting well intervention work from expensive drilling rigs to light monohull vessels the well intervention cost is reduced drastically, thereby enabling large intervention work and gradually increased oil recovery. With advancements in technology subsea IOR project development is taking place and it has direct implications on the type of direct operation to be performed with Riserless Light Well Intervention vessel. The task of establishing a long term RLWI alliance is accomplished with the help of long term agreements between operators and service providers.

The cost of well intervention operations in subsea wells using drilling rigs is higher than conventional well operations. As a result, well interventions such as PLTs are not performed nearly as required from the data gathering point of view with less reservoir understanding. Thus, the newly procured services from the RLWI alliance constitute a solid basis for lowering the cost. Emerging economies and growing populations are some of the key drivers of the riserless light well intervention market. However, integration of new technologies with the existing technology can hinder the growth of the market. Huge opportunities are there for riserless light well intervention market as demand for energy is increasing at a healthy rate owing to the rapid industrialization.

Some of the key players in the business of riserless light well intervention market include FMC Technologies, Statoil ASA, FTO Services, Sapura Kencana Well Services, Aker Solutions and Helix Energy Solutions Group Inc. among others.

Rigless Intervention Systems Market is expected to rise at a remarkable CAGR By 2024

A rapidly growing oil and gas exploration and production industry is likely to be one of the major drivers for Rigless intervention systems. These Rigless intervention systems encompass services such as coiled tubing, wireline and hydraulic workover. The speciality of Rigless intervention systems is that they do not require any conventional workover rig to be used. Additionally these Rigless intervention systems are capable of performing downhole activities in wells that are currently producing. Mostly, Rigless intervention systems are used for carrying out remedial activities on producing oil wells. These intervention activities are carried out to either restore production to original levels or to increase the level of production. One of the major application areas of Rigless Intervention Systems is in the pre-installation of conductors. These are generally required in wellsite preparation activities.

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Rigless Intervention Systems are being used to install multiple conductors before the actual drilling rig is brought to the site. Since the per day rent of a rig is significantly high, these Rigless Intervention Systems are valued as they are capable of saving almost 20 days of a rigs time. Apart from pre-installation of conductors, these Rigless Intervention Systems can also be utilized for workover activities. These systems are especially useful for workovers in tension leg platforms and spar platforms where weight is a major concern. The Rigless Intervention Systems is also utilized for a variety of other functions such as pulling tubing strings and in production risers. These Rigless Intervention Systems have numerous advantages over conventional workover rig methods and casing jacks. The Rigless Intervention System improves efficiency, generates higher cost savings, guarantees more safety and improves the response time to a large extent.

Generally these Rigless Intervention Systems come in modular designs which allow them to be erected briskly without much cutting and welding activities required. These systems can also be easily transported and installed on site without requiring support from a derrick barge. These Rigless Intervention Systems also come equipped with large work areas which enhance safety. Rigless Intervention Systems are gradually finding increasing applications in subsea environments. They are especially being used for well abandonments. The Rigless Intervention Systems market can broadly be segmented as offshore and onshore. With exploration activities moving from shallow to ultra deepwater environments, the costs of rigs are increasing exponentially. The demand for Rigless Intervention Systems is likely to increase significantly in the future, especially in offshore environments. In terms of applications, Rigless Intervention Systems can be segmented as pre installation services, abandonment services and wireline services. As a large number of existing oil producing wells are gradually drying up, an increasing demand for abandonment services are likely to be required in the future.

This is in turn likely to increase the demand for Rigless Intervention Systems in the future, especially in offshore environments. A large number of offshore wells are being explored in the Latin American and African regions. These are likely to be attractive markets for Rigless Intervention Systems in the future. The offshore market is likely to be the major segment for Rigless Intervention Systems within the forecast period. This is mainly because much higher cost savings can be generated in offshore environments by minimizing unnecessary rig usage. Some of the major players dealing in Rigless Intervention Systems include Baker Hughes, Schlumberger Limited, Weatherford International and Halliburton among others.

Global Wind Turbine Operations and Maintenance Market: Companies with Close Proximity to Wind Turbine Farms Take the Lead

The global wind turbine operations and maintenance (O&M) market features a highly fragmented vendor landscape, with few players singly holding significant share in the overall market, observes a report published by Transparency Market Research. Small and medium scale enterprises having operations close to wind turbine farms enjoy lucrative business owing to exclusive contacts with wind turbine operators. Close proximity of small and medium scale companies to wind power farms allow quick delivery of services and timely restoration of operations due to early recovery from technical glitches.

The global wind turbine operations and maintenance market is anticipated to expand at a CAGR of close to 9% from 2015 to 2023 and reach US$20,591.0 mn by 2023.

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Rising Numbers of Offshore Wind Turbine Installations to Develop Lucrative Growth Opportunities

In terms of geography, Europe is presently the dominant regional market for wind turbine operations and maintenance. The region accounted for a significant share in the global wind turbine operations and maintenance market in 2014 and is expected to retain dominance over the report’s forecast period, chiefly owing to the increased focus of European countries on making renewable energy a chief part of their energy mixes.

In terms of application, the onshore wind turbine industry presently accounts for over 90% of the global wind turbine O&M market and will remain the dominant demand driver of wind turbine operations and maintenance services in the near future as well. However, with rising attention being placed on the development of the abundant offshore wind resources will lead to the increased demand for O&M activities in the offshore wind turbine sector. This is expected to result in vast reduction in the share of onshore wind turbine in the global wind turbine O&M market.

Rising Number of Old Wind Turbines and Offshore Projects to Drive Market

The market for wind turbine operation and maintenance is fueled chiefly owing to the rising number of aging wind turbines and the vast rise in wind turbine installations across offshore sites. Post commissioning, the average shelf life of turbines ranges from 20 to 25 years. As a result, the aging wind turbines, which were installed as long back as 1998, require more repair and maintenance for efficient operations. Operation and maintenance are required most often after nearly 10 years of commissioning. As an increasing number of wind turbines pass this phase of their workable life, the market for wind turbine operations and maintenance is also expected to gain traction.

In addition to this, the rising numbers of offshore wind power projects across the globe are also playing an important role in propelling the wind turbine operation and maintenance market. Operation and maintenance activities account for nearly 25% of the overall life-time costs of an offshore wind power project. This is owing to the fact that O&M activities on offshore sites require the intervention of specialists to install and lift components required for repairs and general maintenance. Also, the harsh weather conditions and difficult accessibility common to offshore wind project sires require special logistics, giving rise to additional costs.

Lack of Skilled Resources to Hamper Market Growth

Operations and maintenance of wind turbines, irrespective of their location (onshore or offshore site), requires operational knowledge of special and highly technical lifting and logistics tools. Furthermore, the newer varieties of wind turbines have highly complex operations owing to technological advancements in terms of components and overall workflow. To handle such complex machines, it is extremely necessary that the operations and maintenance personal are well-equipped with the required technical know-how. The lack of such resources could be a key factor hampering the overall development of the global wind turbine operations and maintenance market.

This review of the market is based on a recent market research report published by Transparency Market Research, titled “Wind Turbine Operations and Maintenance Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015-2023.”

For the study, the market has been segmented into:

Global Wind Turbine Operation and Maintenance Market: By Application

• Onshore
• Offshore

Global Wind Turbine Operation and Maintenance Market: By Region

• North America
• Europe
• Asia Pacific
• Rest of World (RoW)

Power Transmission Components Market: Initiatives to Reduce Carbon Footprint of Power Transmission Industry to Prove Favorable.

The global power transmission components market features a fragmented vendor landscape but a considerably high level of consolidation when it comes to the share of leading players in the global market, observes a recent report by Transparency Market Research (TMR). “The top five players in the market, namely Eaton Corporation, Siemens AG, Emerson Electric Company, ABB Group, and Mitsubishi Electric Corporation, collectively held nearly 64% of the highly competitive market in 2015. Focus on the development of green products and solutions, such as the Siemens’ vegetable oil-based transformer, and acquisition of key transmission companies in developing economies have positioned these players at the top of the market,” adds a TMR analyst.

TMR states that the market will exhibit a promising single-digit CAGR over the period between 2015 and 2023 and rise to a valuation of US$102.57 bn by 2023 from US$64.15 bn in 2015.

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Rising Upgradation to Smart Grid Power Transmission Networks to Make Asia Pacific a Promising Regional Market

In terms of geography, Asia Pacific will continue to account for a dominant share in the global market’s revenue by 2023. Need for upgradation of outdated power transmission networks and the rising focus on switching to smart grid to sustain the demand for effective power supply from the ever-increasing population will be key to the regional market’s promising growth prospects in the near future. The Asia Pacific power transmission components market will account for over 35% of the overall market by 2023.

In terms of the key components used across a typical power transmission system, the market is expected to gain a dominant share in revenue owing to the sales of switchgear and circuit breakers. It is estimated that the segment of switchgear and circuit breakers will account for over 42% of the global market by 2023.

Stringent Regulations to Cut-down Carbon Emissions Drive Demand for Modern Power Transmission Components

Amid the significant and unending rise in the global demand for energy, the focus on ways of reducing the carbon footprint of the power generation and distribution industry has also significantly increased in the past few years. From being dependent on the highly polluting fossil fuels for much of its output to losing significant amounts of energy produced from such sources on account of old and inefficient transmission infrastructure, the global power generation and distribution industry is one of the key sources of carbon emissions.

In several countries, strict norms and regulations have been imposed to reduce carbon emissions resulting from the generation, distribution, and transmission of power. In the U.S., for instance, the carbon emissions from these sources are set to be reduced by 32% by 2030. Across the European Union, countries plan to attain a 20% reduction in carbon emissions, a 20% rise in energy generation from renewable sources, and a 20% rise in energy efficiency. These factors are collectively expected to boost the demand for modern power transmission components across these regions in the next few years. In developing regions, the continuous expansion of power transmission networks will be the key driving force of the power transmission components market.

High Base and Installations Costs to Hamper Growth

The market for power transmission components is hampered, especially in developing economies, owing to the high base and installation cost required to set up new and/or advanced power transmission infrastructure. Cost of undertaking commercial power transmission operations requires prudent budgeting owing to the immense expenses incurred during operation, repair, and maintenance of transmission components. This is not economically feasible without government support and is highly dependent on subsidies or grants in many countries. These factors are expected to have a negative impact on the development of the market in the next few years.

This review of the market is based on a recent market research report published by Transparency Market Research, titled “Power Transmission Components Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015-2023.”

For the study, the global power transmission components market has been segmented as follows:

Power Transmission Components Market: By Components Type

• Switchgears & Circuit Breakers
• Transformers
• Capacitors & Insulators
• Others (Power Convertors, Relays etc.)

Power Transmission Components Market: By Current Type

• HVAC (High Voltage Alternating Current)
• HVDC (High Voltage Direct Current)

In-Pipe Hydro Systems Market is expected to rise at a remarkable CAGR By 2024

In-pipe hydro systems are micro hydro turbines with a power generation capacity of up to 100kW, used to generate power/ conduct electricity from pipe water. They harness the untapped and wasted energy of flowing water from the urban water distribution system. In-pipe hydro systems have demonstrated a huge potential to become a major alternative for small-scale residential and commercial energy requirements in the future, primarily due to their low setting up costs and land requirement as opposed to large-scale hydroelectric power plants, wind farms, and solar farms. Moreover, they have zero to little environmental impact.

Growing urbanization and emphasis on smart cities in developing countries besides the subsequent demand for energy, and the need to fulfil it in clean and eco-friendly ways are the factors expected to propel the in-pipe hydro systems market. Furthermore, developed metro cities are shifting toward these systems to supply tap water to high rise buildings and power metering devices, drainage systems, and heating & cooling systems. Their installation can be integrated with the pipe replacement, rehabilitation, and maintenance of the existing water distribution and sewer systems. The most challenging, crucial, and time-consuming phase in this entire process is location selection, on which the overall performance is dependent. This puts a restraint on the in-pipe hydro system market. Moreover, the use of water in sewage system is steadily declining across the globe thereby creating sludge density issues.

Based on design, in-pipe hydro systems are divided into internal and external categories. The former is more compact, can generate power ranging from a mere 5 W up to 100 kW, and is available in a range of pipe diameter-centered varieties such as in-line impellers, hydro coils, and Gorlov vertical axis turbines. The external systems, on the other hand, are equipped with specialized conduits for intake and outlet of water, owing to which they have a larger space requirement. Retrofitting them in the existing water grid is also not always suitable and hence avoided. In terms of distribution system, the market can be split into the (drinking) water and sewage water segments, while application-based divisions include urban (powering water flow and controlling metering stations located away from the electrical grid), building (pumping), and others.

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Geographically, the in-pipe hydro system market is distributed over Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. With an increasing number of metro cities shifting toward eco-friendly and green alternatives, the concept of integrating in-pipe hydro systems into the original water grids is gradually being explored. Europe and North America dominate the market, while Asia Pacific and Latin America are also evolving and exhibit significant potential.

The growing demand for in-pipe hydro systems has encouraged numerous companies to venture into the market. Key players include LucidEnergy, Leviatan Energy Hydroelectric LLC., Toshiba Corporation Power Systems & Services Company, and Xinda Green Energy Co.,Limited.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The Oil and Gas Pipeline Corrosion Prevention Market is expected to witness substantial growth during Forecast by 2024

Global Oil and Gas Pipeline Corrosion Prevention Market: Overview

The vast rise in population and industrial activities in the past few years, especially across developing economies such as India, China, Indonesia, and Brazil, have led to a significant rise in demand for energy. This factor has had a significant positive impact on oil and gas exploration and production activities globally, while also substantially increasing the need for transportation/supply infrastructure. Pipelines being one of the cheapest and most convenient means of supplying oil and gas products such as natural gas, crude oil, and several varieties of refined or intermediate products, their network is expanding at an encouraging pace globally.

This report on the global oil and gas pipeline corrosion market gives an overview of the market that deals with the various products, techniques, and all key aspects concerned with the prevention of corrosion of oil and gas pipelines. The report presents a detailed overview of the present state of the market and includes forecasts about the growth prospects of the market and its key segments over the period between 2016 and 2024.

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Vast quantitative and qualitative data about the market and its segment, gathered with the help of detailed primary and secondary research methodologies, provide a solid basis for examining the market’s present state. Analysis of key trends of the past and present years, drivers, restraints, regulatory scenario, and competitive landscape, with the help of industry-standard analytical tools and inputs from industry experts, allow a reliable overview of the market’s future growth prospects.

Global Oil and Gas Pipeline Corrosion Prevention Market: Trends and Opportunities

The concerns regarding costly leakages of oil and gas, impact of interruptions in supply on consumer relations and convenience, and the immense monetary losses that pipeline corrosion can cost by hampering the operations of an oil and gas infrastructure highly dependent on pipelines are the key factors driving the market. The continuously expanding network of oil and gas supply pipelines across developing economies such as countries in Asia Pacific, Latin America, and Africa has also led to significant traction in the field of oil and gas pipeline corrosion prevention services and products.

The offshore oil and gas exploration and production industry could prove to be an area with high return on investment owing to the rising focus on offshore drilling in the face of shrinking reserves across conventional sites. The increased adoption of monitoring and sensing technologies to enable the remote examination of internal corrosion of oil and gas pipelines has also emerged as a key trend in the global market.

Global Oil and Gas Pipeline Corrosion Prevention Market: Geographical and Competitive Dynamics

On the basis of geography, the global gas pipeline corrosion prevention market can be segmented into North America, Asia Pacific, Europe, and Middle East and Africa. Home to some of the world’s largest oil and gas producing nations, Middle East is one of the key markets for oil and gas pipeline corrosion prevention operations. North America also accounts for a significant share in the overall market and is expected to lead to significant growth opportunities for the market in the next few years.

The recent boost in shale gas production in the U.S. will be key to the North America market’s growth over the report’s forecast period. In Africa, the market for oil and gas pipeline corrosion prevention will be driven by the recent oil and gas discoveries. Rising demand for oil and gas owing to the rapidly expanding population and encouraging pace of industrialization will bolster the market in Asia Pacific.

Some of the key vendors operating in the market are Southern Cathodic Protection, 3M, The Valspar Corporation, and Chase Corporation.

Fluid Power Systems Market is expected to rise at a remarkable CAGR By 2024

Global Fluid Power Systems Market: Overview

Fluid power has a massive downstream economic impact. The ever-growing population and improving living standards in emerging countries are leading to a surge in energy and infrastructural demands. Such countries are trying to enhance their infrastructure in order to provide their people the basic amenities. This is likely to work in favor of the global fluid power systems market. Due to its superior properties and cost savings in heat transfer operations, this cross-cutting technology has emerged as a primary choice for hundreds of industries and applications. These systems are broadly classified into hydraulic and pneumatic.

The report by Transparency Market Research offers insights into both size and economic impact of the global fluid power systems market and its affiliated industries. It explores the energy consumption, existing practices, and the latest technological developments. It also presents a detailed description of the competitive landscape of the market.

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Global Fluid Power Systems Market: Drivers and Restraints

Fluid power has an active industry. Recent breakthroughs have been made in boosting these systems’ energy efficiency and energy storage capabilities and minimizing the size of these systems and their associated components. Therefore, continuous research and development activities and technological breakthroughs have fuelled the global fluid power systems market over the past few years and will continue to drive the market in the near future as well. Moreover, the increasing stringent environmental regulations and the rising production of oil and gas are augmenting the market.

On the flip side, the operation of fluid power systems requires highly-educated workforce. Therefore, the lack of skilled labor is hampering the growth of the market. This factor is compounded by the need of significant investments in new fluid power education and training. Furthermore, the huge maintenance cost of these systems is restraining the global market. Nevertheless, the future of the market looks bright as the end users will focus on its use in off-highway vehicles, advanced manufacturing, and human scale systems.

Global Fluid Power Systems Market: Regional Outlook

The regional markets studied in this report are Asia Pacific, Europe, North America, and Rest of the World (RoW). The Asia Pacific market for fluid power systems is estimated to experience robust growth during the forecast period. The rapidly growing population in the region is leading to incessantly increasing demand for energy. This, along with the rising concerns related to waste heat recovery and rapid industrialization, is providing a significant boost to the region. Moreover, the flourishing growth of various sectors including construction and chemical is propelling the growth of the region. Developing countries such as India and China are likely to emerge major contributors in the growth of the Asia Pacific region. The presence of favorable government policies is fuelling growth of the North America region. Governments in the region are supporting the adoption of technologically advanced systems, thereby contributing to the growth of the region.

Key Companies Mentioned in the Report:

The diverse product portfolio and continuous advancements in technology through extensive research and development are aiding prominent players in the global fluid power systems market in strengthening their market position. The development and launch of novel products are expected to assist the market in evolving in more application segments and help manufacturers in expanding their market share. Some of the key players operating in the market are Ernst Fluid Power Company, FPS Fluid Power Solutions Inc., Flowtech Fluidpower plc., Fluid Power Solutions Ltd., Furness Fluid Power Ltd., Fluid Power Solutions Wales Ltd., Sirus Fluid Power Ltd., and Stansted Fluid Power Ltd.

E-Waste Management Market Global Market Opportunity Assessment Study 2024.

Global E-Waste Management Market: Overview

Today electronic-waste or e-waste has mounted exponentially as the use of electronics and electronic gadgets have increased. Electronics such as computers, televisions, mobile phones, fridges, tablets, washing machines, digital cameras, home entertainment systems, dryers, stereo systems, toasters, and kettles come with circuitry, battery supply, and electrical components. Thus, e-waste is increasing and with it, the concern regarding the disposal and recycling of this waste. Health hazards occurring due to the discharge of toxic materials into the environment have amplified the need for efficient e-waste management techniques. Thus, the market for e-waste management is expected to flourish in the coming years.

The study presents a comprehensive assessment of the global e-waste management industry, taking into account historical trends, data, and statistics that help with future projections of the market size. The market is segmented on the basis of source of waste generation and geography. By source of waste generation, the global electronic-waste market is segmented into IT and Telecom, domestic, and consumer electronics.

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Global E-Waste Management Market: Trends and Opportunities

The migration to flat-screen televisions and monitors and also from analogue to digital technologies is expected to fuel the generation of e-waste. Rapid innovation in home appliances and electronics are expected to boost their sales and this in turn will lead to more e-waste, furthering the need for e-waste management. In addition to this, the market is also positively influenced by factors such as rapid industrialization and urbanization.

Policies which define e-waste regularization are expected to boost the growth of the market and create a higher level of awareness regarding the harm caused by electronic waste on the environment. Policies are ensuring that manufacturers are responsible for the complete lifecycle of their electronic items. Many electronic and IT companies are joining hands with organizations that help in the management of e-waste. Additionally, awareness is being created about the need to donate, reuse, and lease electronic goods so as to extend the life of products and curb e-waste. On the other hand, some of the factors dampening the market are high costs incurred during recycling and a lack of waste collection centers.

Global E-Waste Management Market: Region-wise Outlook

On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Of these, the e-waste generation market is leading in North America and Europe. These regions are sensitive to issues pertaining to environmental pollution and thus, contribute maximum to the global e-waste generation market. Asia Pacific is also expected to follow in the line in terms of significant growth in the coming years. As this region houses many consumer electronics manufacturers, the need to minimize e-waste is estimated to grow and drive the market in the years to come. Countries such as China and Japan are expected to be key contributors to the market.

Key Players Mentioned in the Report

The report profiles key players in the e-waste generation market for the purpose of study. The detailed study of key players enables players both new and established, to get a clear understanding of the market and the scope, allowing them to invest smartly in the industry. Some of the vendors operating in the e-waste generation market are: Waste Management Inc., Sims Recycling Ltd., Electronic Recyclers International, Inc., MRI (Australia) Pty Ltd., Electronic Waste Management, E-Waste Harvesters, E-Waste Systems, Inc., and Desco Electronic Recyclers.

Mining Truck Market Advanced technologies & growth opportunities in global Industry by 2024.

The growing mining industry is expected to increase the utilization rate of mining trucks across the globe. Furthermore, increasing industrialization is also likely to propel an additional demand for mining trucks worldwide. Increased need for mined minerals and metals is anticipated to fuel an additional global demand for the mining trucks. Furthermore, growing wealth in emerging markets across the world are key factors of growth for mined minerals and metals such as diamond.

Increased consumption of lead in the battery and increased number of end-user applications in bullets, lead-acid batteries and as a radiation shield is likely to increase growth in the lead mining market. Increasing use of coal as an energy source in steel, cement and power sector. The above mentioned industries use mining trucks for transportation of loosened rocks on technological haul roads at open-pit mining sites. Thus, a growth in the mining industry is likely to result in a significant growth in the global mining truck market. Moreover, increased need for energy is expected to augment the global demand for mining truck market.

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Mining trucks, also known to as a haul truck, are rigid dump trucks engineered for their use in off-road and off-highway conditions. Innovative design and technology allows the market players to avoid production delays due to slippery roads. This truck is specifically engineered for the use in heavy-duty construction and high-production mining environments. The global mining truck market can be segmented on the basis of their payload capacity, product type, drive options, and number of axles. On the basis of payload capacity, the global mining truck market can be segmented as 90-110 metric tons, 127-150 metric tons, 154-190 metric tons, 218-255 metric tons, 290 metric tons, and 308-363. However, several market players are continually developing their product to increase payload capacity. OJSC Belaz in 2013 launched world’s largest mining truck with a payload capacity of 450 metric tons.

The global mining truck market on the basis of product type can be segmented as bottom dump, rear dump, lube, tow, water and others. The mining dump trucks are large bottom dump truck or rear dump truck which transport or haul large amount of materials. The choice of the type and size of mining dump truck would depend upon numerous factors including size of mine, type of mine, mined minerals, excavation machinery available, and capital investable or invested. This type of dump truck is mostly suited for open-cut operations or open-pit mining. On the contrary, smaller articulated trucks are mostly used for underground mining. Bottom dump trucks discharges mined material below the machine. This type of truck is mostly used for coal transportation to dump stations. They are designed to allow the coal to fall below the truck into a crusher or hooper.

On the basis of drive options, the global mining truck market can be segmented as a mechanical or electrical drive. The market on the basis of the number of axles can be given as 2, 3, 4 or more axle trucks. Advances in transmission and drive trains in mechanical trucks are likely to boost demand for this market segment in the near future. Stringent production standards set by mining companies to meet the unprecedented demand for materials mined, various equipment manufacturers are laying emphasis on building larger and efficient trucks to suit unique challenges and environment.

The need for efficient and smooth transfer of large quantity mined material is likely to play an important role in the growth of this market. Technological advances by the market players, such as Autonomous Haulage System (AHS) by Komatsu, are anticipated to provide ample growth opportunities in the global mining truck market. The market is likely to grow at a significant rate in the future. Product development by various market players such as Komatsu, Hitachi, Belaz and Terex is likely to boost growth across all the regions.

Some of the key players in the global mining trucks market include BAS Mining Trucks, Caterpillar, Inc., European Truck Factory GmbH, H-E Parts International, LLC, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Liebherr, OJSC Belaz, Terex Corporation, and The Parker Bay Company.

Biodiesel Market: Favorable Government Policies Promoting Development of Alternative Feedstock to Fuel Demand for Biodiesel in Emerging Economies

The mounting environmental concerns and the rising need for energy independence have been the key drivers of the global biodiesel market. In a report, titled "Biodiesel Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast, 2014 – 2020," Transparency Market Research takes to analyzing the various factors aiding the market's expansion and those restraining it. Several of the prominent companies in the global biodiesel market have been profiled to present an executive-level blueprint of the prevailing vendor landscape in the market.

The global biodiesel market can be studied on the basis of application, feedstock, and geography. In terms of application, the market is segmented into aircraft, railway, cleaning, railway, and generators. Based on feedstock, waste vegetable oil, animal fat, Jatropha, algae, and others make the key segments in the market. Regionally, the market has been segmented into Asia Pacific, North America, Europe, and Rest of the World.

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Several countries across the globe are involved in the production and usage of biodiesel as a substitute of energy derived from oil and fossil fuel. Governments in these nations have implemented stringent laws and offer lucrative incentives to reduce oil dependency, consequently encouraging the use of renewable energies. Spurred by favorable regulations, the global biodiesel market is likely to exhibit strong growth in the forthcoming years.

Currently, the market is witnessing lucrative opportunities in India, China, and the U.K. The high diesel prices and the increasing number of diesel vehicles have been fuelling demand for biodiesel from these countries. Furthermore, paradigm shift in the market is expected in response to the increasing switch from the existing feedstock efficiency. According to TMR, the growth of algae as a novel source of feedstock is expected in the forthcoming years.

The global biodiesel market is expected to undergo a transitional pace. The market has currently reached a remarkable production capacity in the U.S. and a few European countries but has remained restrained by the lack of inadequate feedstock availability. In India, China, and Brazil, favorable government policies are escalating demand for biodiesels. As governments across these countries continue to support the development of alternative and low-cost feedstock such as algae, vegetable oil, castor, tallow, jatropha, and other sustainable feedstock, strong growth is expected for the biodiesel market. Furthermore, the biodiesel industries in Argentina is booming as well as a result of the rising domestic demand and robust exports for biodiesel.

Some of the leading companies operating in the biodiesel market are Green Earth Fuels of Houston, LLC, American Energy Producer, ACCIONA Energy, Imperium Renewables, China Biodiesel International Holding, Deerfield Energy, Crimson Renewable Energy, Western Dubuque Biodiesel, Delta American Fuel, and others.

Global Electrical Power Storage Technologies Market: Presence of Leading Manufacturers to Bolster North America Market

A new intelligence study by Transparency market Research offers an in-depth analysis of the global electric power storage technologies market. The research report, titled “Electrical Power Storage Technologies Market (for Alternative Energy sources) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016–2024,” presents insights into the key dynamics of the market that are estimated to influence market’s growth in the coming years. In addition, the product segmentation, technological advancements, geographical segmentation, key applications, and the latest trends in the market have been included in the scope of the study.

The growing focus on decentralized generation of energy and the rising inclination towards renewable energy are some of the key factors projected to encourage the growth of the global electric power storage technologies market in the next few years. As alternative power sources are becoming a vital part of the global power industry, owing to the rising awareness regarding environmental damaged triggered by fossil fuels, the global electrical power storage technologies market for alternative energy sources is likely to witness substantial growth in the coming years.

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The fluctuations in the energy output are expected to remain the key challenge for key players operating in the global market. Nevertheless, the rising government and public support to make use of alternative energy sources is predicted to generate promising opportunities throughout the forecast period. In addition, the rising focus on research and development activities and technological developments are likely to introduce effective ways to make use of alternative energy in the near future.

According to the research study, North America is expected to lead the global electrical power storage technologies market and account for a key share in the forecast period. The presence of a large number of prominent power storage device manufacturers is the primary factor fuelling the growth of the market in this region. Europe is estimated to follow North America, thanks to technological advancements and the introduction of improved electrical power storage technologies. On the other hand, Asia Pacific is likely to witness robust growth owing to the growing need for energy in developing countries.

Some of the leading players operating in the electric power storage technologies market are Bloom Energy, Arotech Corp., C & D Technology Inc., Evans & Sutherland, NedStack, POWERTHRU, VYCON, and Pentadyne Power Corp. The research report identifies and analyzes the competitive scenario of the global market and throws light on the latest developments and mergers and acquisitions in the market. In addition, the key business tactics and policies implemented by these players to sustain in the market have been included in the research report to guide the new entrants of the global market.

Global Algae Fuel Market: Favorable Government Policies on Climate Change to be Motivators for Growth, observes TMR

As more and more consumers gain awareness about the various environmental issues that plague the planet, the need to reduce dependence on fossil fuels has gained momentum. Transparency Market Research identifies algae fuel as an alternative to crude oil and the immense scope that this new technology possess has been covered in a new report. The publication, titled “Algae Fuel Market - Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2015–2023”, offers an in-depth evaluation of the emergence of this concept, its development in recent years, and its progress during the forecast period.

The growing shift in consumer demand toward advanced and non-conventional fuels, the algae fuel market is likely to expand at a healthy pace. One of the leading factors driving the development and adoption of this fuel is rising policies centered on reducing greenhouse gas (GHG) emissions. The implementation of laws and standards such as the European Union Emissions Trading System (EU ETS), the Carbon Emissions Reduction Target (CERT), the Carbon Pollution Reduction Scheme (CPRS), and the Kyoto Protocol Target Achievement Plan (KPTAP) has upped international efforts to find renewable alternatives to crude oil as fuel, and this has significantly impacted the algae fuel market.

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Based on geography, the global market for algae fuel is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Rising R&D activities have rendered North America and Asia Pacific the prime producers of algae fuel. Governments of various countries in these regions have been teaming up with laboratories and universities to up their efforts into research and this is likely to open up new avenues for leading players. India, Brazil, the U.S., China, and Canada are some of the most lucrative markets for algae fuel. The commercialization of algae fuel is anticipated to augur well for oil importing countries in Asia Pacific since they are looking to reduce their reliance on crude oil.

Considering that the algae fuel market is still rather new, there are just a handful of companies dedicated toward this lucrative technology. Solazyme Inc., Sapphire Energy, Inc., Algenol Biofuels, Imperium Renewables, Inc., and Chevron Corporation are currently the leading players competing in the global algae fuel market. Most firms are involved in aggressive research and development activities as well as strategic collaborations in order to gain competitive advantage.

The TMR report includes a detailed assessment of the competitive landscape of the algae fuel market. The companies making major contributions to the overall growth have been identified and profiled in the report, keeping in mind key parameters such as business overview, financial standing, recent developments, business strategies, and product portfolio. With the help of a SWOT analysis, the strengths and weaknesses of each player are thoroughly discussed to zero in on the opportunities and threats that lie ahead.

Global Coal to Liquid Fuel (CTL) Market: Urge to Overcome Petroleum Dependency Fueling Demand, finds TMR

The abundant availability of coal, especially liquid fuels, is the primary driver in the global market for coal liquid fuel market, finds a new study by Transparency Market Research (TMR). The report, titled “Coal to Liquid Fuel (CTL) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013–2019,” is a collection of detailed data on the various segments of the global market. It profiles some of the prominent companies currently operating in this market and highlights the key trends that are expected to influence the growth trajectory. Evaluating all the favorable factors as well restraints, the report projects a healthy CAGR during the forecast period of 2013 to 2019.

The report observes that coal and liquid petroleum are two of the most common fuels across the world, used to produce electricity and in automobiles. Since both coal and liquid petroleum are made of hydrocarbons, the conversion is easy and the process has gained popularity in recent years due to depleting petroleum resources. The study evaluates that the demand in the global market for CTL is increasing due to the urge to overcome the high dependency on petroleum.

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Apart from abundance of coal, it has been concluded that synthetic fuels obtained from conversion of coal are often cleaner than those extracted from natural reservoirs. This eco-friendly characteristic of CTL is gaining support from regulatory authorities across the globe and thereby propelling the market. Moreover, technological advancements in the oil and gas industry have fueled market growth since the technological knowledge of the conversion process is readily available.

CTL also find application as cooking fuel. For example, dimethyl ether is slowly but swiftly replacing popular LPG as it is nontoxic and generates fairly less carbon monoxide. The rapid urbanization across various emerging economies is prompting investments in the market for the discovery and development of cleaner sources of energy.

Conversely, the report finds that the high costs of the process is the primary restraint on the growth of the global market for coal to liquid fuel. This process is economically feasible when the prices of oil are high. Currently, with falling oil prices, even multinational giants are expected to struggle to fund industrial-scale production of CTL.

The global market for coal to liquid fuel can be segmented on the basis on process and geography. By process, the market is segmented into direct liquefaction and indirect liquefaction. Country-wise, currently China, the U.S., India, Australia, Russia, and South Africa are the most significant markets for coal to liquid technology. These countries have vast coal resources, which is expected to sustain the growth of the market due to a thriving transportation sector.

Some of the prominent companies currently active in the coal to liquid fuel market are Shenhua, Sasol, DKRW Energy, Linc Energy, Bumi plc, and Monash Energy.

Global Waste Treatment & Disposable Services Market: Rising Awareness among Leading Industries for Waste Management to Encourage Growth

A research study by Transparency Market Research (TMR), titled “Waste Treatment and Disposal Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” offers a detailed analysis of the market. To provide a clear picture, the research study provides insights into the key growth drivers, limitations, and the latest trends in the global waste treatment and disposable services market. In addition, the product segmentation, technological developments, key applications, geographical segmentation, and the competitive landscape of the market have been discussed at length in the research report.

The growing awareness among prominent industries across the globe and the rising concern for a healthy environment are some of the primary factors likely to augment global waste treatment and disposable services market in the coming years. Technological developments for waste treatment and the favorable government initiatives are anticipated to accelerate the growth of the overall market in the next few years. However, the high cost of these services and the rising need for high capital investment are some of the key factors restricting the growth of the waste treatment and disposable services market worldwide.

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From a geographical viewpoint, North America and Europe are expected to witness significant growth, owing to the rising demand for waste treatment and disposable services to ensure proper disposable of waste. In addition, the strict government and environmental norms for proper management are expected to fuel the growth of the global market throughout the forecast period. Key players in these regions are making efforts to create an awareness regarding the benefits of waste treatment and disposal. This factor is estimated to accelerate the growth of waste treatment and disposable services market in North America and Europe.

On the other hand, emerging countries in Asia Pacific and the Rest of the World segments hold immense growth potential for waste treatment and disposable services market. India, Russia, China, and Brazil are considered as key contributors for the market’s growth. Moreover, the high rate of industrialization and tremendous rise in population are some of the other factors encouraging the growth of the waste treatment and disposable services market in these regions.

Waste Management Incorporated, EnviroSolutions Incorporated, Waste Connections Incorporated, Casella Waste Systems Incorporated, Waste Industries USA Incorporated, Allied Waste Industries, Clean Harbors Incorporated, Environmental Quality Company, and Tyco International Limited are some of the key players operating in the global market for waste treatment and disposal services. The research study identifies and analyzes the prominent players in the market and talks about their product portfolio, business policies, financial status, and recent developments.

Global Liquefied Petroleum Gas (LPG) Market: Residential and Commercial Segment to Remain Key Contributors.

The global liquefied petroleum gas (LPG) market is extremely fragmented with a large number of players operating in it, states a research study by Transparency Market Research (TMR). The growing number of players entering the global liquefied petroleum gas market is likely to strengthen the competition in the next few years. In 2013, the leading players in the market, namely CNPC, Sinopec, Royal Dutch Shell, ExxonMobil, BP plc, and Valero Energy collectively held a share of 20% of the global liquefied petroleum gas market. These players are emphasizing on branding and market positioning in order to attain a dominant position in the overall market. In addition, the increasing number of mergers and acquisitions for the expansion of retailing and distribution is anticipated to contribute towards the market’s growth in the next few years.

As per the research study by TMR, in 2015, the global liquefied petroleum gas market in terms of consumption was worth US$259.2 bn and is likely to reach a value of US$299.1 bn by 2020. This market is anticipated to register a steady 3.40% CAGR between 2014 and 2020.

Asia Pacific to Maintain Dominance in Terms of Liquefied Petroleum Gas Consumption

From a geographical lookout, Asia Pacific is expected to lead the global liquefied petroleum gas market on the basis of consumption and account for a share of 36.90% by the end of 2020. This scenario is expected to remain similar throughout the forecast period, states a TMR analyst. High growth of this region can be contributed to the significant contribution from India and China. In addition, the growing consumption of liquefied petroleum gas in commercial and residential sectors is anticipated to encourage the growth of the liquefied petroleum gas market in Asia Pacific.

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On the basis of end use, the residential and commercial segment is anticipated to lead the global liquefied petroleum gas market in the next few years. This segment is likely to hold a share of 63.60% by the end of 2020, owing to its primary use as a cooking fuel. In addition, governments in several emerging economies are offering subsidiaries for liquefied petroleum gas as a cooking fuel, owing to which this segment is estimated to witness robust growth throughout the forecast period.

Growing Demand for Autogas to Supplement Market Growth

The growing demand for automotive liquefied petroleum gas (autogas) across the globe is one of the key factors estimated to encourage the growth of the global liquefied petroleum gas market in the next few years. In addition, the environmental benefits offered by autogas and favorable legislative policies for using autogas are some of the other factors driving the demand for liquefied petroleum gas worldwide.

Furthermore, the rising demand for liquefied petroleum gas in several developing economies for meeting lighting and cooking requirements is estimated to augment market’s growth in the next few years, says a TMR analyst.

Fluctuating Crude Oil Prices to Restrict Market Growth

The leading players in the global liquefied petroleum gas market; however, are facing several challenges in the market due to the volatility in crude oil prices. These raw material fluctuations result in an uncertainty of liquefied petroleum gas price, which is expected to hamper the growth of the market. Nevertheless, the possibility of Shale gas production in Latin America and Asia Pacific region and the expansion of Panama Canal boosting trade opportunities are anticipated to accelerate the growth of the market in the coming years.

This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Liquefied Petroleum Gas (LPG) Market ( - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014-2020.”

The global liquefied petroleum gas market has been segmented as below:

Global Liquefied Petroleum Gas Market, by Source

• Refinery
• Associated Gas
• Non-Associated Gas

Global Liquefied Petroleum Gas Market, by End Use

• Residential/Commercial
• Petrochemical and Refinery
• Industrial
• Transportation
• Others

Global Wave and Tidal Energy Market: Need for Additional and Abundant Resources Encouraging Investments.

The global wave and tidal energy market is fragmented with over 200 companies currently operational and none holding a dominant share. The development of this technology is still in the nascent phase, which leaves potential scope for new players to introduce innovative technologies. As a result, it is uncertain whether it would consolidate in the near future. The report observes that the duration of prototype testing to project demonstration to eventual large-scale commercial project construction is a long one. Also, constant financial and policy support from respective governments is imperative for the full-fledged commercialization of wave and tidal energy.

The report suggests that strategic alliances are mandatory for small technology developers and special purpose project companies to prosper. These alliances are equally important for players with financial might too, to gain advantage in the fragmented global market for wave and tidal energy. Some of the key players operational in the global wave and tidal energy market are Carnegie Wave Energy Ltd., Pelamis Wave Power Ltd., Ocean Renewable Power Company LLC, Ocean Power Technologies, Inc., Tenax Energy, Atlantis Resources Ltd., AquaGen Technologies, S.D.E. Energy Ltd., and Marine Current Turbines Ltd.

Valued at US$497.7 mn in 2014, the global wave and tidal energy market is estimated to reach a valuation of US$11,345.0 mn by 2024, rising at a robust CAGR of 23.2% during the forecast period of 2016 to 2024.

Oceans Contain Vast Clean Energy Resources

Technological advancements have proven that if harnessed properly, the vast ocean area could prove to be a significant source of sustainable energy, which also is clean and in sync with environmental preservation requirements. Wave and tidal energy enable the exploitation of ocean energy, although they have contrastingly different market dynamics.

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Tidal energy is segmented into tidal stream and tidal range energy. The latter is a mature form of energy generation technology and entails the construction of tidal barrages. The former, tidal stream power plants, is a new technology with plenty of scope for development. On the other hand, wave energy is still under forthcoming technology with a relatively new concept. All these segments are expected to witness significant growth in terms of installed capacity and investments during the forecast period.

Geographically, the global market for wave and tidal energy can be segmented into North America, Europe, Asia Pacific, and Rest of the World. Major developments are underway in Europe, which are expected to sustain the region as the most prominent regional market. South Korea has been detected by the report as one of the most significantly developing markets in terms of tidal barrage operations. Wave energy development in Asia Pacific is expected to remain concentrated in Australia.

Heavy Initial Investments Hindering Growth Rate

Preservation of the environment by extending the use of clean energy is a primary focus across the globe, and depleting conventional energy resources call for the development of new resources that are in abundance, Moreover, several governments in developed as well as developing nations are encouraging new energy technologies with supportive long-term policies and subsidies. These factors are expected to drive the global market for wave and tidal energy.

However, return of investment (ROI) remains the most prominent restraint on the global market for wave and tidal energy as entering the market requires high initial investments. Additionally, the commercialization of technology is awaited in this sector as only tidal barrages are currently capable of ROI, while wave and tidal steam are still only a potential concept.

According to the author of the report, “The general trend in the wade and tidal energy market indicates a retraction of grant and venture capital financing. The market would have to be dependent solely upon private equity or debt financing, for which commercial viability of projects is an absolute necessity.” The author suggests primarily focusing on the commercial deployment of these technologies with long-term power sales contracts as priority.

Key Segments of the Global Wave and Tidal Energy Market

Wave and Tidal Energy Market: Type analysis

• Wave energy
• Tidal energy