Thursday, 2 June 2016

3D Printing Gases Market is expected to witness substantial growth during Forecast by 2024

Global 3D Printing Gases Market: Overview
3D printing or additive manufacturing practices are required to be undertaken in controlled environments with minimal exposure of materials and processes to impurities to produce high quality products. Gases such as nitrogen and argon are commonly used to provide the inert atmospheres required to meet the high-tolerance standards of this field.
3D printing gases are used for various purposes, apart from improving the quality of 3D-printed parts. These include reducing oxidation of forged parts by lowering the oxidation content in the print chamber; maintaining constant pressure to create a stable printing environment; inhibiting combustible dust during sieving and powder handling to improve safety; lessening the clumping of powder in feed tube, and controlling thermal stress through gradual cooling for preventing part deformities.
The global 3D printing market has seen exponential growth in the past few years. The technology has started making inroads into the mainstream manufacturing and consumer products market. The market is likely to witness rapid growth in the near future, consequently driving the global 3D printing gases market.
The report on 3D printing gases provides an account of the major elements of the market, its current state, product and technological advancements, and impact of major drivers, challenges and trends. It also provides a forward-looking perspective about the market’s growth prospects from 2016 through 2024.
Global 3D Printing Gases Market: Trends and Opportunities
Rising use of 3D printing techniques across the manufacturing, consumer goods, health care devices, automobiles, aerospace and defense, and energy industries is the major factor driving the global 3D printing gases market. Application of 3D printing technologies in the manufacture of complex production parts for the oil and gas industry is likely to boost to the growth of the global 3D printing gases market.
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Based on mode of distribution, the market can be segmented into cylinders and cylinder packs, liquid cryogenic tanks, pipeline supply, and on-site gas generation. The cylinders and cylinder packs segment dominated the 3D printing gases market.
Global 3D Printing Gases Market: Region-wise Outlook
Based on geography, the 3D printing gases market has been examined for North America, Asia Pacific, Europe, and Rest of the World (RoW). North America is the leading market for 3D printing gases. Presence of some of the world’s largest and most prominent industrial gas companies and the immense research and development activities being undertaken in the field of 3D printing in the region are the major factors boosting the growth of the 3D printing gases market in North America.
Emerging markets in Asia Pacific such as India and China also offer immense growth opportunities in the global 3D printing gases market. Rising focus on implementing 3D printing techniques across the manufacturing sector boosts the 3D printing gases market in the region. The 3D printing gases market in Asia Pacific is projected to expand at the fastest pace during the forecast period. The end-user industries such as health care, design & manufacturing, and oil & gas are likely to account for a significant share of the 3D printing gases market in terms of volume in this region.
Global 3D printing Gases Market: Competitive Scenario
The global 3D printing gases market features presence of several international players and intense competition. Companies in the market are adopting strategies such as acquisitions, expansions, joint ventures, and research and development to cater to the specific needs of the 3D printing industry.
Major players operating in the market are BASF SE, Air Liquide S.A., Air Products and Chemicals, Inc., The Linde Group, Praxair, Inc., Matheson Tri-Gas, Inc., Iceblick Ltd., Universal Cryo Gas, LLC, and Messer Group.
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.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Global Land Incineration Plants Market Driven by Government and Local Authority Support, to be worth US$68.71 bn by 2023

Transparency Market Research (TMR) has announced the addition of a new market study on the land incineration plants market. The report is titled “Land Incineration Plants Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023.” According to the report, the global land incineration plants market, which was valued US$43.93 bn in 2014, is expected to reach US$68.71 bn by 2023, expanding at a CAGR of 5.5% from 2015 to 2023.
Incinerators are industrial facilities where the controlled burning of waste materials take place. The major benefit of using incinerators is the large reductions achieved in the mass and volume of waste. Factors such as the growing population and industrialization have significantly increased the municipal waste across the globe. Municipal solid waste is generally treated by dumping into landfills. However, the development of such landfills occupies a large area of land and also leads to several environmental problems. Therefore, many countries are replacing conventional landfills with technologies such as recycling, gasification, incineration, and pyrolysis to treat waste matter. These technologies have helped reduce the level of environmental pollution. Of the many technologies used, incineration is the most widely accepted technology to manage waste across several countries.
Land incineration plants burn waste and the heat thus generated is transferred to a waste-to-energy plant, which is then used to generate electricity. Moreover, the bottom ash produced in the incineration process is used by the cement plants for the production of cement. A typical land incineration plant is equipped with waste receipt and handling system, combustion systems, incinerators, heat recovery systems, combustion solid residue handling systems, and air pollution control systems. Of these, incinerators play a major role in the land incineration plant by reducing the mass of municipal waste by almost 80% and volume by 90%.
The global land incineration plants market is driven by the high generation of waste across the globe. The promotion of incineration plants by governments and local authorities across the world is also behind the growth of the market. The introduction of higher landfill taxes in several countries such as the U.K. and New Zealand has also boosted the market. On the other hand, incinerator plants face a lot of public opposition and protests owing to the emission of flue gas. This is acting as a major challenge for the land incineration plants market. However, modern land incineration plants are adopting several advanced technologies that have proven to decrease the emission of flue gas. These advanced and sustainable technologies are expected to provide new opportunities for growth in the land incineration plants market.
The global land incineration plants market is segmented on the basis of geography and capacity of incineration. On the basis of geography, the market is segmented into Asia Pacific, North America, Europe, and the Rest of the World. While Europe dominated the market in 2014, the Rest of the World is expected to witness a significant growth in the future owing to anti-dumping and anti-landfills related regulations.
On the basis of capacity, the market is segmented into small and medium capacity and large capacity. In 2014, the large capacity incineration plants segment represented a share of 89% in the global land incineration plants market.
The report profiles key players operating in the land incineration plants market such as: Keppel Seghers Engineering Singapore Pte, Ltd., Kawasaki Heavy Industries, Ltd., Suez Environment Company, Hitachi Zosen Inova AG, Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), and Babcock & Wilcox Enterprises, Inc.
The global land incineration plants market has been segmented as follows:
By Capacity
  • Small & Medium Capacity
  • Large Capacity
Land Incineration Plants Market: By Region
North America
U.S.
Rest of North America
Europe
France
U.K.
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific
Rest of the World
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Wednesday, 1 June 2016

Water Storage Systems Market Trends and Forecast 2016 - 2024

Global Water Storage Systems Market
Water scarcity in various regions has led to the extensive usage of water storage systems across the residential and municipal sectors. In the commercial and industrial sectors, the need for recycled or treated and fresh water for different purposes, especially in oil and gas refineries, has propelled the demand for water storage systems. Water storage systems are composed of materials such as steel, fiberglass, plastic, and concrete. Water storage systems made of concrete are usually preferred by consumers.

Water storage systems are used in various end-use industries such as commercial, residential, municipal, and industrial. Municipal is the largest end-use industry in the market, as it is engaged in the supply and distribution of potable water to urban, semi-urban, and rural regions. Municipalities look after a vast network of water storage systems to store and deliver water according to the needs of communities. In terms of application, the global water storage systems market has been witnessing significant demand from the oil and gas industry, where hydraulic fracture requires a large amount of water to be stored. The used water after the fracturing process needs to be further stored and treated before being released into the environment. Rise in oil and gas exploration activities has contributed to the demand for water storage systems.
Global Water Storage Systems Market: Overview
Rapid increase in population has led to a rising demand for potable water across urban and rural areas and domestic and public service enterprises. Water scarcity is expected to be the single most impactful outcome of global warming. According to a new report by the United Nations, about half of the world’s population could be facing severe water scarcity by 2030, when demand is expected to outstrip supply by 40%. Growing concerns for conservative water usage due to the scarcity of potable water across various regions has propelled the growth of the global water storage systems market. Increase in the usage of water across the industrial and commercial sectors has also fuelled the demand for water storage systems. However, high capital investment and funding required for the installation of water storage systems is expected to hamper the growth of the market in the near future. The global water storage systems market offers immense growth opportunities, led by the increased focus on recycled and reused water by the industrial sector. Focus on innovation and modification of water storage systems is also expected to boost the market.
Global Water Storage Systems Market: Region-wise Outlook
The global water storage systems market has been segmented into four key regions: Europe, North America, Asia Pacific, and Rest of the World. Developed economies in North America and Europe have contributed significantly toward the growth of the global water storage systems market; however, the market in Asia Pacific and Rest of the World has high potential to expand, as rising scarcity of potable water has led to increased awareness about water conservation in these regions. This has fueled the demand for water storage systems. In Asia Pacific, countries such as India are witnessing severe water shortage. As a result, the demand for water storage systems is rising. In North America, the rapid growth of the water storage systems market can be attributed to extensive oil and gas extraction activities that require reused as well as fresh water.
Key players operating in the global water storage systems market include AG Growth International Inc., Synalloy Corporation, Aqua Dam Inc., Fiber Technology Corporation Inc., American Structures Inc., Aqua Nishihara Corporation Limited, DN Tanks, Pulsed Hydraulics Inc., De Nora Water Technologies, Superior Tank Co. Inc., and GENMOD SERV. Key market players are exploring mergers and acquisitions, while focusing on the development of water storage systems with novel materials.
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.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr. Sudip. S
90 State Street Suite 700
Albany NY 12207
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Grid Connected PV Systems Market Global Market Opportunity Assessment Study 2024.

Global Grid Connected PV Systems Market: Overview
A grid connected photovoltaic power system is a solar PV system connected to utility grid that generates electricity using solar power. A grid connected PV system comprises solar panels, a power conditioning unit, grid connection equipment, and one or many inverters. These systems can range from commercial rooftop systems and small residential units to large utility-scale solar power stations. Unlike standalone solar power equipment, grid connected systems seldom constitute any integrated battery solutions. During favorable conditions, a grid connected PV system supplies superfluous power to the utility, beyond what is required for consumption of the connected load.
The global grid connected PV systems market is expected to exhibit considerable growth between 2014 and 2023. These systems render easy installation, high efficiency, and improved flexibility and reliability. Due to such intrinsic advantages that grid connected PV systems offer, their demand is poised to surge exponentially in the near future. PV systems integrated with various storage technologies, such as direct load control and battery energy, offer cost efficiency and higher reliability in terms of deriving energy from solar power. More than 40 countries worldwide are expected to install over 100 MW of new solar power photovoltaic capacity, signaling the true emergence of solar power into traditional energy generation ambit.
The report studies the growth trajectory likely to be exhibited by the grid connected PV systems market during the forecast period. Factors influencing the demand and supply forces in the market are analyzed in detail. The impact of the prevailing government policies and competitive pressure on the market operations is also studied in detail. The report includes exhaustive information obtained from trusted industrial sources. Insights from industry experts are also referred to for the purpose of the study.
Global Grid Connected PV Systems Market: Key Opportunities and Threats
The utilities scale sector accounted for the largest volume of installation in 2015, and is expected to remain the leading application segment over the forecast period. In the same years, both residential and commercial sectors are likely to exhibit significant increase in installations. The technological advancements introduced to promote power generation from renewable sources are expected to offer numerous economic and environmental benefits.
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Grid connected PV systems are mainly installed in inverters to offer holistic power solutions. These systems are ideal to be installed in small solar energy systems deployed in the residential sector or for providing combined solutions to an industrial complex. Grid connected PV systems are user-friendly and ensure high performance at minimum expenditure.
The rising interest for combining energy storage with utility scale solar PV systems to enable integration into a grid is the prime factor driving the global grid connected PV systems market. However, the entry of market players is restricted in areas with high penetration of renewable energy sources and island grids. This, in turn, challenges the grid’s steadiness.
Global Grid Connected PV Systems Market: Region-wise Outlook
Enterprises operating in the U.S. grid connected PV systems market are witnessing significantly rising demand. The U.S. is expected to account for the largest share in the global grid connected PV systems market by 2023. Additionally, the U.K. and Australia are also expected to deploy grid connected PV systems in their residential sectors on a large scale.
Other nations such as Germany and Japan are also expected to encourage large-scale deployment of grid connected PV systems over the next few years.
Global Grid Connected PV Systems Market: Vendor Landscape
To present a comprehensive view on the prevailing competitive landscape, the report profiles companies such as Sunpower Corporation, KYOCERA Corporation, CODA Energy, Green Charge Networks, and others. Enterprises such as CODA Energy, Stem Inc., and Green Charge Networks offer their systems to consumers at no upfront cost, which is subsequently expected to amplify the demand from the market.
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.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr. Sudip. S
90 State Street Suite 700
Albany NY 12207
Tel: +1-518-618-1030
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Wind Turbine Inspection Services See Uptick in Demand as More Wind Farms Crop Up Worldwide

The wind energy industry has witnessed rapid development in the last few years. Large economies of scale have thus been achieved by market players. With technological advancements, the competition in the market is increasing and is leading to the emergence of various wind-energy-linked businesses. One of the most attractive and emerging businesses in the wind energy industry is wind turbine inspection. Wind turbine inspection services primarily focus on servicing generators and gearboxes, as they have multiple moving parts that are prone to breakdowns. The installed capacity of wind energy is expected to double between now and 2023, which in turn will trigger growth in the wind turbine inspection services market.
In this blog post, Transparency Market Research (TMR) answers three critical questions about the wind turbine inspection services market:
Q1. What impacts the performance of the wind turbine inspection services market?
The wind turbine inspection services market is gaining momentum due to continued wind energy capacity addition across the globe. Since a turbine is a highly crucial component for the wind energy generation industry and is composed of several smaller components such as a generator and gearbox, the wind turbine needs to be inspected and serviced on a regular basis. This ensures optimal performance and efficiency. Thus, wind turbine inspection services are increasingly being adopted by wind farm contractors and operators to ensure the longevity of wind turbines.
In November 2015, one of the ten Bonus Energy 2.3MW turbines near the Danish island of Samso suffered a catastrophic failure leading to the nacelle and blades breaking off and falling into the sea. Such incidents not only cause downtime but could also prove detrimental to marine life. Such failures have led to a growing awareness about the importance of servicing and inspecting wind turbines, thus boosting the market.
Q2. What are the recent trends and developments in the wind turbine inspection services market?
Drones for the inspection of wind turbines are becoming commonplace in the wind turbine inspection services market. Conventionally, a repair man had to climb the massive structure to perform inspection and maintenance, which was a dangerous gig. Now, companies are increasingly using drones to remotely check for faults and then carry out repair and maintenance tasks. Spotting this opportunity, companies such as Aibotix have already begun marketing drones for the wind turbines inspection services industry.
Q3. Which regions are expected to contribute significantly to the wind turbine inspection services market?
The Asia Pacific region is expected to be an attractive market for wind turbine inspection services. In the Asia Pacific region, China is expected to lead the offshore wind energy sector, thereby exhibiting a high demand for wind turbine inspection services. Other attractive markets for wind turbine inspection services include the Middle East and Africa and South and Central America. Europe is expected to have a high demand for offshore wind turbine inspection services as the region has been targeting offshore wind energy development. The U.S. will be initially slow in entering the offshore wind energy market, but installations of wind turbines will pick up speed in the future, which in turn is expected to give rise to a demand for offshore wind turbine inspection services.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr. Sudip. S
90 State Street Suite 700
Albany NY 12207
Tel: +1-518-618-1030
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Nuclear Waste Management Market to Account for US$5.63 bn in Revenue by 2024; Influx of Investments to Support Growth

Transparency Market Research has released a new market report titled Nuclear Waste Management Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024. According to this report, the global nuclear waste management market stood at US$1,382.0 Mn in 2015 and is expected to reach US$5,627.5 Mn by 2024 at a CAGR of 16.7% from 2016 to 2024.

Nuclear wastes are materials or residues of burning of nuclear fuel in the reactor. They consist of radioactive materials, which cause acute radiation sickness. Nuclear wastes comprise small uranium pellets deep inside alloy fuel rods. Disposal of high level radioactive by-products is necessary. This creates the need for nuclear waste management services. Nuclear waste can never be unshielded, so it is kept under water for a few years in order to minimize the radiation to a suitable level. After this process, final disposal of nuclear waste is done.
Nuclear waste management refers to disposal facilities which are widely used to store hazardous wastes away from the reach of general public. Time frame for storing waste depends upon the type of waste and radioactive isotopes. Nuclear waste management companies are also engaged in nuclear reactor decommissioning process and have disposal facilities and repositories for final disposal of nuclear waste during dismantling of nuclear reactors. The nuclear waste management market is highly fragmented with major players driving the market with agreements, acquisitions, and expansion of disposal facilities to develop a competitive position for themselves. A typical nuclear power plant has an average life of 30-35 years and is licensed to operate up to 35 years. If licenses are not renewed, the nuclear plant would go through a decommissioning process which involves disposal of radioactive wastes and dismantling of nuclear reactors. Nuclear power plant decommissioning has become a profitable business and majority of companies have started offering nuclear decommissioning services.
Research and development in demonstration and adoption of improved and efficient fuel cycle technology would reduce the heat, volume, and toxicity of nuclear wastes placed in repositories. Rapid population growth, high dependency on fossil fuels, decommissioning of old nuclear reactors, increasing electricity demand, strict government regulations to minimize harmful emissions, and high awareness among government institutions in different countries about proper radioactive disposal are the primary drivers for the nuclear waste management market.. Efficient nuclear waste management services would drive the market for nuclear waste management in the next few years.
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Demand for electricity is increasing twice as fast as overall energy usage and it is expected to be doubled by 2030. For clean and quick energy requirements investments in nuclear power are expected to rise in the next few years. High dependency on fossil fuels has resulted in excess depletion of non-renewable energy resources, leading to a shift towards alternative sources of energy. The world currently lacks energy security and efficient access to electricity. Research and development activities, focusing on more efficient nuclear waste disposal systems would help overcome the challenge of safe disposal of hazardous nuclear wastes. Environmental and climate norms are focusing more on clean energy solutions. Clean and quick energy in line with low harmful emissions is among the top priorities of corporate environmental management programs. Toxicity of nuclear waste can be minimized through establishment of efficient disposal facilities and repositories.
The nuclear waste management market has been segmented in terms of waste type, nuclear reactor type and geography. By waste type, the nuclear waste management market has been segmented into low level waste, intermediate level waste, and high level waste. By nuclear reactor type, the market has been segmented into boiling water reactors, gas cooled reactors, pressurized water reactors, pressurized heavy water reactors, and others. High level waste type held the largest share (35.9%), followed by intermediate level waste type (32.9%) in 2015. By nuclear reactor type, pressurized water reactors held the largest share (69.3%) in 2015. The global nuclear waste management market is witnessing an influx of investments. Demand for nuclear waste management services is projected to increase significantly, as high investments in nuclear power are expected in the near future coupled with strict government regulations to minimize harmful emissions. The nuclear waste management market has been segmented as follows:
Nuclear Waste Management Market: By Waste Type
  • Low Level Waste
  • Intermediate Level Waste
  • High Level Waste
Nuclear Waste Management Market: By Nuclear Reactor
  • Boiling Water Reactors
  • Gas Cooled Reactors
  • Pressurized Water Reactors
  • Pressurized Heavy Water Reactors
  • Others
Nuclear Waste Management Market: By Region
North America
U.S.
Canada
Mexico
Europe
France
Russia
Rest of Europe
Asia Pacific
China
Japan
Rest of Asia Pacific
Rest of the World
Argentina
South Africa
Others
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr. Sudip. S
90 State Street Suite 700
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Pressure Vessel Market is expected to rise at a remarkable CAGR By 2024

Global Pressure Vessel Market: Description
Pressure vessels are used to store liquids and gases at high pressure. The particular parameters of pressure vessels differ according to regional regulations and the application, but the primary requirement of pressure vessels is the ability to withstand the high internal pressure. Pressure vessels in the past were much more accident prone than modern designs, which are constructed with the help of intensive R&D and the support of stringent government regulations. The increasing demand from the oil and gas and chemical industries is a major driver propelling the global pressure vessels market at present.
The report sheds light on all aspects of the global pressure vessels market. The competitive dynamics of the market are examined in the report with the help of analytical business profiles of key players. The major drivers and restraints affecting the pressure vessels market’s trajectory are analyzed to illustrate their impact on the market both qualitatively and quantitatively. The major trends picking up speed in the pressure vessels market at present are also discussed in the report to brief the readers about the potential impact they could have on the market in the coming years.
Global Pressure Vessel Market: Drivers and Restraints
The major driver for the global pressure vessels market is the rising need for energy around the world. Boilers, which are the dominant type of pressure vessel in the global market, are used in several energy generation procedures, which is expected to sustain their demand in the coming years.
The increasing attention paid by governments all over the world to the renewable energy sector has also benefitted the pressure vessels market massively. Due to the mounting scarcity of natural fuels, which are an exhaustible resource, renewable sources of energy such as solar power have risen to the fore in the global energy scenario, benefitting the global pressure vessels market.
The rising demand from the chemicals industry is also a major driver for the global pressure vessels market. Chemicals that can react violently with atmospheric compounds need to be transported and stored in pressure vessels. The expanding chemicals industry is thus a major driver for the global pressure vessels market. The customizability of pressure vessels is another key driver for the global pressure vessel market.
On the other hand, the drop in mining activities has restrained the pressure vessels market to a degree. Pressure vessels need large amounts of metals, since they need to provide a barrier thick enough to contain even highly reactive and potentially destructive materials. Thus, the reduction in the extraction of metals has hurt the pressure vessels industry.
Global Pressure Vessel Market: Geographical Dynamics
The largest regional market for pressure vessels at present is Asia Pacific. The rapid expansion of the power sector in the region, the increasing utilization of nuclear power, and the increasing demand from the region’s chemicals industry are the major drivers for the global pressure vessels market. The expected expansion of urban and industrial infrastructure in the region in the coming years will ensure steady demand for electricity. This will drive the demand for pressure vessels in the region, as they are essential in most conventional power generation procedures.
The major companies in the global pressure vessels market are Mitsubishi Heavy Industries, Ltd., Bharat Heavy Electricals Ltd., Doosan Heavy Industries & Construction, and Larsen & Toubro Ltd. Intensive R&D into expanding the capabilities of pressure vessels is the prime opportunity for players in the global pressure vessels market.
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.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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