Accelerated Measures to Prevent Environmental Deterioration to Drive Biofuels Market, reports TMR

The global biofuels market is highly fragmented with no single player holding more than 10% of the global market for both biodiesel and bioethanol, finds Transparency Market Research (TMR) in a new report. This is due to the emergence of a large number of biofuel producers to cater to the increasing demand for biofuels following the spurt in oil prices. Some major players in the global biofuels market that operate across the value chain for both biodiesel and bioethanol are Archer Daniels Midland Company, Green Plains Renewable Energy, and Total S.A.

TMR analyst says, “Top players in this market are focused on tapping into underutilized markets and acquire state-of-the-art production units to capitalize the opportunities.” A case in point is ARfuels, wherein the company uses latest technologies to produce biodiesel that meets international standards. To capitalize on this, Shell Australia Limited opened a biodiesel facility that utilizes ARfuel’s biodiesel, which meets international standards.

Use of superior technology is another key growth strategy that top players in this market are focused on. This is mainly to use technology for the conversion of waste into biofuel at low cost. Maintaining strong ties with partner companies is also one of the key growth models that companies in this market are adopting. This helps companies to create a strong supply and distribution channel.

Economic Benefits of Biofuels to Attract Progressively Higher Investments

TMR analyst points out, “Stringent environmental regulations is one of the prominent factors promoting the use of biofuels.” The use of fossil fuels for running industries has been a major factor for environmental deterioration and rise in the Earth’s temperature. To address this, accredited environmental agencies and several governments around the world have formulated laws to control carbon emissions in the atmosphere. These are directly or indirectly related to the use of biofuels and other renewable sources of energy.

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Need for economic development is another key factor driving the growth of the biofuels market. The use of biofuels is not only less harsh on the environment, but also helps in economic development by providing employment.

Concerns related to energy security, in the long run, is also a major factor boosting the growth of the biofuels market. Due to depleting crude oil reserves and increasing concerns about energy security in the long run, several countries around the world are seeking alternate sources for transportation fuel.

Lack of Adequate Infrastructure for Biofuels Detrimental to Market Growth

Increasing conflict between farmers and biofuel developers is detrimental to the growth of the global biofuels market. With increasing demand for biofuels, vast areas of land that is used for food cultivation would eventually be used for cultivating cash crops for biofuels production. This will have an impact on food prices due to their reduced production.

The hindrances pertaining to the development, distribution, and retailing of biofuels is also challenging the market’s growth. The slow technological development for the utilization of biofuels and limited availability of biofuels stations is also challenging the market’s growth.

The global biofuels production is expected to reach 50,921.4 million gallons by 2019. North America is the leading market for biofuels due to the increasing awareness about the use of biologically derived fuels and stringent environmental regulations for burning fossil fuels. Europe is also a significant market for biofuels. However, the developing economies of India and China will emerge as significant markets for biofuels in the coming years.

The market is segmented as follows:

Biofuels Market: By Fuel Type

• Bioethanol
• Biodiesel

Biofuels Market: By Form Analysis

• Solid (fuel pellets, biochar, biocoal)
• Liquid (bioethanol and biodiesel)
• Gaseous (biogas, biopropane, syngas)

Deepening Energy Crisis to Accelerate Demand for and Installation of Power Transmission Components, says TMR

The top five players to have marked their leadership in the global power transmission components market are ABB Group, Mitsubishi Electric Corporation, Eaton Corporation, Siemens, and Emerson Electric Company. The cumulative share of these companies in the market accounted for 61.8% in 2014. The stronghold of these companies is explained by Transparency Market Research to be a result of their product innovation that is aimed towards reducing downtime of power transmission systems in end user industries.

“The paradigm shift within the power industry from generating energy using conventional resources to focusing on using renewables for a sustainable development yet another cue for key players in the take,” reports the lead author of this research report. Mitsubishi Electric Corporation, for instance, is making a dedicated effort to manufacture and promote power transmission components that will benefit the environment by reducing electricity losses. Such independent power generation methods and efforts to use resources in an optimum way will prove to be a successful strategy for companies.

New Power Transmission Components Make Smaller Carbon Footprint Achievable

The demand for transmission infrastructure has leaped tremendously as the energy crisis across the globe has deepened. This has coaxed economies to grow through sustainable solutions, which has provided an impetus to the power transmission components market. The biggest advantage of installing the modern power transmission components is that they allow power transmission at higher capacities, thereby offering a seamless electric supply. The adoption of power transmission components is also receiving a stimulus from various government institutions that are offering incentives to power generation plants for using the sophisticated components that promise energy-efficient solutions and lesser carbon footprint.

The need to modernize existing infrastructure to cater to the power demands of the developing world is anticipated to boost the installations of power transmission components. The technological advancements in the transmission infrastructure and the related components have also created a fair amount of opportunities for this market. Collectively, these developments promise energy security through reliable energy systems minus the unwanted power cuts. The future will also witness an effective deployment of power transmission components as countries across the world are focusing on building energy efficient economies.

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High Cost of Components Restricts Market Growth

The high cost of initial investment in building new transmission infrastructure is dampening the spirit of this market. The exceptionally high cost of installing components such as circuit breakers, switchgear, transformers, insulators, power convertors, and relays is forbidding the market from attaining desired profits. Poor investments and loose regulatory framework towards achieving energy efficiency in developing countries such as Africa and South and Central America are also hampering the market.

North America Maintains Lead with Infrastructure Refresh Projects

The report states that the opportunity in the global power transmission components market will be worth US$102.57 bn by 2023 as compared to US$64.15 bn in 2015. Between the forecast period of 2014 and 2023, the global market is expected to surge at a CAGR of 6.0%. The predominant segment will be switchgear and circuit breakers, which will account for a share of 42.52% in the overall market by 2023. North America will retain its leading position as the existing components in this region require an urgent upgradation. Owing to these circumstances, the North America power transmission components market will acquire a share of 25.57% by the end of 2023.

This review is based on Transparency Market Research’s report, titled “Power Transmission Components Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023.”

Key Takeaways:

• Global power transmission components market poised to touch US$102.57 bn by 2023
• North America to account for nearly a quarter of the global market in terms of revenue by 2023
• Switchgears and circuit breakers rake in sizeable share of revenues as they remain critical to power transmission

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)

Water Trading Market Advanced technologies & growth opportunities in global Industry by 2020.

The research report on the global water trading market offers accurate and detailed answers to questions raised by current market statistics. The report incorporates a complete study of the water trading market with respect to its various drivers and restraints. It also discusses the role of leading countries in water trading projects such as Australia, Chile, the U.S., and the U.K. Market trends are fully explored, providing reliable predictions for the near and distant future. An explanation of the industry’s overall growth rate is put forth using various market growth maps and overall developments in technology.

Porter’s Five Force Analysis provides a thorough coverage of the top players in the global water trading market, while a SWOT analysis brings out its prominent aspects. An investigative value chain assessment and a unique examination of the micro and macro factors of the market provide the reader a useful perspective and valuable insights regarding player sustainability.

Overview

The research report on the global water trading market reveals all aspects connected to the developments in it. Water trading refers to the voluntary transfer of a prescribed amount of water between the buyer and the seller. This is done so that the water’s purchaser can satisfy his end demand. Water trading provides a unique and responsive solution to the various verticals of end users in the global water trading market, which essentially refers to everyone who needs water. It is thus an answer for all the various types of users, urban as well as agricultural. It provides equivalent prices and water allocations with respect to the demand. According to Forbes, the global water trading market currently contains numerous projects that have so far conducted a total of more than 100 transactions in water trading, amounting to more than US$10 trillion. Some of the most prominent projects in the global water trading market include Payments for Watershed Services, Water Quality Trading, Herediam, Dar es Salaam, and Saltillo. Branches of the global water trading market include ground water mitigation and flow restoration projects.

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The primary growth factor for the global water trading market is the increasingly high demand for clean water around the world. A growing population needs larger volumes of water to sustain itself and its economic development. This has put increasing amounts of pressure on the global water trading market to form a supply chain that can be equal to the demand. One of the biggest disadvantages brought forth by water trading is the restriction and closure of public access to clean and healthy water in multiple locations.

The major restraining factor in the global water trading market is the high infrastructure cost, which includes water transportation from seller to buyer. Other issues faced by the market include water rights, legal hassles, and social and political boundaries.

Companies mentioned

The key companies described in the research report include Severn Trent, Murray Irrigation, Calgon Carbon, Aqua America, Integra Water Services, and Ameron.

Blowout Equipment Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020

Oil and gas well drilling activities are increasing due to increased global energy demand. Increase in the number of wells drilled has in turn elevated the demand for blowout equipment market globally. The blowout equipment market is expected to witness substantial growth over the forecast period due to increased well drilling activities across the globe.

In oil and gas industry, a blowout is defined as the uncontrolled flow of the reservoir fluids from an oil and/or gas that is being drilled or producing. The blowout can occur if pressure control systems have failed during the production of oil or gas from the reservoir. Blowout can also occur during drilling operations, if a kick is not identified by the operator while drilling a well. During drilling, a kick is a situation when hydrostatic pressure of drilling mud is less than formation fluids (oil or gas) pressure and the fluids starts flowing into the well, creating a dangerous situation. If the flow of oil and/ or gas is not stopped in time, these hydrocarbons can ignite and create a deadly firestorm known as a blowout. The blowouts results in loss of time, money, equipment and even danger to people working on the rig. Hence, a blowout should be prevented by using suitable blowout equipment. Blowout equipment that consists of high pressure safety valves and associated equipment are designed to withstand extreme pressure. These equipments shut off the well hole and prevent any oil or gas from the well to escape into the environment thereby averting any possibility of a blowout. Growing concerns to prevent in blowout in the near future is anticipated to drive the market growth substantially.

The global blowout equipment market can be segmented on the basis of product segments: the blowout preventers (BOP), blowout equipment manifolds (BEM), well killing facilities and others (equipment applied under high toxic gas content condition). A BOP is a specialized valve that is used to monitor, seal and control and oil and gas wells. A BOP and associated valves are installed at the top of casing head. North America is expected to be the market leader in the blowout equipment market due to the large number of wells being drilled for shale gas exploration and production.

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Research and development over the years has helped the oil and gas industry to avert accidents and function smoothly. New products have been developed that are suitable for vigorous conditions and provide greater accuracy. But human vigilance plays an important role to decrease the number of accidents. The companies have become more vigilant to circumvent any accidents. An accident can result in loss of product, equipment and human life. To prevent such loss, every operation is planned carefully, suitable equipment are deployed to avert any mishaps. Increased number of drilled oil and gas wells has been a primary driver for the blowout equipment market. The number of wells is expected to increase over the forecast period that will provide a huge opportunity to the blowout equipment market.

Some of the key players in the blowout equipment market include Henderson Oilfield Products LLC, American Completion Tools Inc., Kingrig Group Ltd., Rosneft, Domino Machine Inc., Eastern Oilfield Supply LLC, UZTEL S.A., MTQ Corporation Limited, Sichuan Honghua Petroleum Equipment Co., Ltd. and The Subsea Company among others.

Subsea Boosting Systems Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023

Transparency Market Research reports in a new study that strategic alliances to offer drilling technologies and equipment to potential customers will be the winning strategies adopted by top players operating the global subsea boosting systems market. The leading players in the global subsea boosting systems market, FMC Technologies, Inc., OneSubsea, and GE Oil & Gas held a leading share of 78% in the overall market in 2014.

“Offering reliable and stable subsea technologies through innovation in research and development will underline the trajectory for the companies operating in the overall market in the coming few years,” says the leading author of this research report. For instance, General Electric started an innovation center in Newcastle, U.K., to develop ultradeepwater subsea technologies to gain leadership in the market with cutting-edge technology. Companies are recommended to make innovation their strong suit to differentiate their offerings from competitors’.

Extensive Exploration Activities Propel Adoption of Subsea Boosting Systems

The alarming drop in the natural reserves due to extensive exploration and production activities in the onshore and shallow water oil and gas reservoirs has led a sizeable demand for subsea boosting systems. These systems have been important in increasing the production from resourceful oil and gas reservoirs in several deepwater and ultra-deepwater locations. The growing need to increasing the recovery potential of oil and gas reservoirs is driving the subsea boosting systems market in top gear.

The ongoing technological advancements such as the ones that have enabled ultra-deepwater hydrocarbon production, improved recovery from existing reserves, and oil and gas exploration in Artic region have also boosted the demand for subsea boosting systems. This demand is also being complemented by the discovery of reservoirs with heavy oil, water depth, low pressure in reservoirs, increased distance from the host, and several fields being connected with the host.

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Volatility of Crude Oil Prices Hampers Market Growth

The strong market drivers are being tugged in the opposite direction by restraints such as fluctuating crude oil prices. The decline in crude oil prices is likely to lead to a drop in number of oil and gas projects. Thus, analysts project that he volatility of crude oil prices will hamper the drilling activities for exploration and production, which, in turn, will create a negative impact on the installation of subsea boosting systems.

The report states that the opportunity in the global subsea boosting systems market was worth US$1,467.9 mn in 2015 and is expected to US$3,078.6 mn by 2023. Between the forecast period of 2015 and 2023, the market is expected to rise at a CAGR of 9.7% in terms of revenue. Though shallow water segment held the largest share in 2015, the deep water exploration activities are expected surge to account a share of 45% by the end of 2023. Geographically, Asia Pacific was the leading regional market in and is expected to maintain its stance in the forecast period.

The review of the market is based on the research report published by Transparency Market Research, titled “Subsea Boosting Systems Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023.”

Key Takeaways:

• Innovation and strategic alliances to develop newer technologies to be instrumental to business strategies developed by key players

• Global subsea boosting systems market to reach US$3,078.6 by 2023

• Deepwater exploration activities to account for 45% of the overall market revenue by 2023

The global subsea boosting systems market has been segmented as follows:

Subsea Boosting Systems Market: By Water Depth

• Shallow Water
• Deep Water

Subsea Boosting Systems Market: By Application

• Oil
• Gas

Rapid Urbanization, Infrastructural Development to Fuel Demand for Mobile Crushers and Screeners Globally, reports TMR

Crowded with a large number of equally-placed participants, the mobile crushers and screeners market demonstrates a highly fragmented structure, finds a study by Transparency Market Research (TMR). The presence of companies, such as Metso Corp., Hartl Property Holding GmbH, Sandvik AB, Atlas Copco Group, and Anaconda Equipment International Ltd., with diverse product offerings and strong brand identification has intensified the degree of competition within the market.

To sustain the competition, participants are increasingly adopting product differentiation strategies. Low-cost leadership is also expected to emerge as one of the preferred strategies among mobile crushers and screeners manufacturers looking to gain a strong foothold in this market.

Rise of Construction Industry to Fuel Demand for Mobile Crushers and Screeners

Infrastructural developments, stimulated by the rapid urbanization across the world, have fueled the demand for mobile crushers and screeners. Thanks to the growing populace, the need for residential as well as commercial spaces is witnessing an exponential rise, leading to a surge in construction activities, worldwide. Specifically, in developing nations, governments are investing a huge amount of money to enhance infrastructure by constructing roads, airports, ports, and railway tracks.

The development of urban infrastructures, such as housing, sanitation and water supply, road transport systems, and mass rail transit systems, has also gained significant attention in these economies. With this rise in building activities, the demand for components and equipment required for construction is increasing at a remarkable pace. Mobile crushers and screeners, being essential parts of construction activities, are also witnessing strong demand due to this.

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Declining Economy in Developed Countries to Hamper Market’s Growth

On the other hand, the global construction industry is likely to experience a slowdown due to declining economic condition in developed regions such as the European Union and the U.S. over the next few years. Owing to this, the application of mobile crushers and screeners is expected to get affected to some extent, hampering the market’s growth. Apart from this, the absence of adequate infrastructures in emerging economies in Asia Pacific and Latin America is also projected to impact negatively on this market in the coming years.

Global Opportunity in Mobile Crushers and Screeners to Expand at 2.72% CAGR between 2015 and 2023

According to TMR’s estimations, mobile crushers and screeners held an opportunity worth US$2.08 bn in 2014, worldwide. Expanding at a CAGR of 2.72% between 2015 and 2023, this opportunity is likely to increase to US$2.6 bn by the end of the forecast period. Asia Pacific reports a huge and escalating demand for mobile crushers and screeners, thanks to the increasing investment infrastructural development in Asian countries, specifically in Japan, China, and India.

In 2014, the region emerged as the key consumer of mobile crushers and screeners with a share of nearly 44%. Analysts expect it to remain in the leading position with an increase of approximately 2% in its market share by the end of 2023.

Mobile crushers experience a higher demand than mobile screeners in 2014. The trend is expected to remain the same over the forecast period.

Key Takeaways:

• The presence of companies with a strong brand differentiation has intensified the degree of competition
• The development of urban infrastructure in Asia Pacific demands increased number of mobile crushers and screeners
• Global opportunity in mobile crushers and screeners to reach US$2.6 bn by 2023

The global mobile crushers and screeners market has been segmented as follows:

By Product

• Mobile Crushers
• Mobile Screeners

Need to Curb Carbon Emissions Stimulates use of Hybrid Propulsion Systems for Marine Vehicles

At present, economical fuel use in marine vehicles is the need of the times. This has to be carried out keeping with environmental safety norms and not sacrificing on the propulsion efficiency and ship performance.

Due to fluctuations in fuel prices in recent years along with new environmental regulations pertaining to greenhouse gas emissions, ship owners are seeking alternative propulsion and power plant systems for enhanced efficiency and reduction of emissions, says a new report by Transparency Market Research.

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Q. What are the advantages of hybrid propulsion systems for marine operations over conventional ones?

A. Hybrid propulsion systems are clean and efficient, which in turn, help lower emissions significantly in comparison to conventional propulsion systems. Marine hybrid propulsion systems offer features such as silent maneuvering, a low degree of fuel consumption, and emission-free operations, due to which vessel and towage operators are investing heavily in this technology. Originally developed for the automotive industry, this technology has been improved for the design and development of efficient and economical marine hybrid propulsion systems.

Q. How did big treaties fare in reducing marine vehicular emissions in Europe?

A. The global climate treaties of Kyoto in 1997 and Copenhagen in 2009 have been committed to reducing greenhouse gas emissions and reduce dependence on fossil fuels. The European Union 20-20-20 declaration is committed to reducing greenhouse gas emissions and increasing renewable energies in the forthcoming years. These treaties have been paving the way for legislation for mandating the reduction of marine vehicular emissions.

In Europe, the funding for the research and development of technologies sans the utilization of diesel for marine propulsion is carried out under the HYMAR project. The project is managed by the European members of the International Council of Marine Industry Associations and the project’s objective is to provide solid data regarding marine hybrid propulsion systems.

Q. Are there operational limitations of marine hybrid propulsion systems?

A. Yes. Despite the advantages of hybrid propulsion technology for some vehicles such as yachts and other commercial vessels, there are some limitations. Such vessels usually have a limited range and need to be recharged using dockside outlets.

While hybrid systems offer unparalleled advantages for some commercial applications, the use of hybrid systems for yachts has not been the same. The high price factor of hybrid propulsion systems for yachts, which is almost three times more than the diesel-only version, is also hindering the adoption of marine hybrid propulsion systems.

Q. Do hybrid propulsion systems offer operational benefits in the event of an emergency for boats?

A. Not considerably. While hybrid propulsion offers the necessary power in the event of a breakdown of an automobile, it does not hold good for boats. On the contrary, deriving regenerative energy from powerboats results in loss of speed and reduced efficiency. Also, as there is no braking while the boat is in motion there is no way to capture the wasted energy. It is this difference between the energy lost while transferring from one medium to another that defines the efficiency of a hybrid propulsion system.