Liquid and Bulk Transportation Vessels Market is expected to rise at a remarkable CAGR By 2024

Liquid and Bulk Transportation Vessels Market: Overview

In the entire shipping industry, a bulk commodity is referred to a substance such as coal, iron and grain, which is generally traded in large quantities and has a peculiar character which makes it easy for transportation. A transport system is generally designed to ensure that all its parts work together as efficiently and in a minimum possible time. Sea transport is one part of the transportation chain which helps in moving bulk commodities between producers and consumers from one place to another. Cargo moves through the entire system as a series of distinct shipments. Storage areas acts as a buffer to allow for timing differences in the departure and arrival of the particular commodity.

In general a bulk transport system comprises of a sea voyage and two land journeys which could be done through conveyor, lorry, train and pipeline. Typically, there are four storage areas, the loading port, the discharging port, the destination, and handling operations as the cargo moves through the entire system. Ships which are considered to be the part of the bulk transport systems are generally used by the cargo shippers. For instance, the transport system places constraint on the ship size. Berth length and the depth of water at the both the ports i.e. loading and unloading determines the maximum size of ship which can be used to transport a particular commodity.

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Whether the transport system is for a coalmine and a power station or for a chemical plant and a fertilizer industry, the main aim is to move the cargo as efficiently and cheaply in a minimum possible time. Every commodity and a particular industry has certain specific transport requirements and no single system is best suitable for each and every situation. The basic principle of the bulk transport is that unit costs can be decreased by increasing the size of the cargo. In bigger and heavier ships unit costs are low, and cargo handling and storage charges are cheaper for high volumes. Thus, the bulk trades are constantly under economic pressure to increase the cargo consignment size.

Delivery frequency of commodities is very important from the shipper’s point of view and bigger ships requires less number of trips to deliver the same volume. Cargo handling, does not change with change in voyage distance, and hence it becomes less important in the unit cost.

Liquid and Bulk Transportation Vessels Market: Competitive Insight and Key Drivers

The bulk transport system comprises numerous participants. Cargo owners stood at first position in the businesses of bulk cargo transportation on a periodic basis. Their business varies enormously and from customer to customer. Industries such as paper, steel, pulp and oil refineries, cost-effective transportation of raw materials is very crucial. They require the cheapest possible transport, whose primary objective is to minimize the cost of transport.

Some of the key drivers of the liquid and bulk transportation vessels market are high requirement of commodities such as natural gas and crude oil in emerging economies of Asia Pacific such as India and China. Thus, in order to bridge the demand supply gap liquid and bulk transportation vessels are required. High maintenance and operational costs of the transportation vessels can hamper the growth of the market. Large number of opportunities are there for transportation vessels as new avenues for business are coming with increase in number of imports and exports.

Some of the key companies in the business of liquid and bulk transportation vessels are Gulf Agency Company, NYK Line, SEACOR Ocean Transport Inc., Odfjell Tankers AS, Shipping Corporation of India, AGMARK LOGISTICS, INC, COSCO DALIAN Ocean Shipping Company, BLT Chembulk Group, Toll Holdings Limited, and Shahi Shipping Ltd.

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.

Microgrid Market to Rise in Response to Increasing Demand for Energy Security, says TMR

The vendor landscape of the global microgrid market is reigned by business giants such as Chevron Corporation, GE Energy Management, Power Analytics Corporation, Siemens AG, and Pareto Energy and emerging corporations such ZBB Energy Corporation, Viridity Energy, Inc., Schneider Electric, Echelon Corporation, S&C Electric Company, Honeywell International, Inc., Toshiba Corporation, and ABB. With the increasing global demand for energy leading to microgrid market growth, each of the company is trying to buckle up and achieve sustainable growth.

“Microgrid technology has been successful in curbing the frequent power outages, energy insecurity, fluctuating costs, and depleting fossil fuels. Also, it will prove to be instrumental in the area where main grid cannot be planted,” says a TMR analyst.

Renewable Energy Sourced Microgrid Becomes New Area of Research

Microgrids utilizing renewable energy sources for power generation have higher efficiency, improved quality of power, and reduced costs, thus making it a popular choice. Moreover, there is almost zero carbon emission in the case of renewable energy systems. The rising demand for power that is emission-free, reliable, and secure is a driving factor behind the growth of the global microgrid market.

Some of the major companies have already started investing and making development in renewable energy driven microgrids. For example, In July 2014, Schneider Electric opened a solar inverter test and grid support labs – MicroGrid Lab in Burnabay, British Columbia, one of the largest of its kind in the world. It was furnished to support designing and testing of Schneider Electric’s revolutionary SE1 1500V platform.

Scientists and Engineers Work on Operational Instability

One of the major challenges for the deployment of a microgrid is operational stability. The instability accounts for the proper regulation of voltage and frequency values through both active and reactive power control. The remote mode faces greater instability than the connected mode. In general, the instability arises due to oversupply or undersupply of electricity.

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Introducing relays and monitoring systems can help in resolving instability issues, but in turn can create a new impediment, which is the increase in installation cost. Moreover, it will also make the set – up bulkier, which is not suitable.

Grid Tied Leads with Substantial Margin

Growing at a remarkable CAGR of 20.7% from 2014 to 2020, the global microgrid market is expected to rise to a value of US$35.1 bn by 2020 from the estimated US$9.8 bn in 2013. Based on the product type, due to the aforementioned advantage, the tied microgrid, which was leading in 2013 with a total share of 72%, is expected to lead till 2020.

This review is based on the information given in the Transparency Market Research report titled

The global microgrid market has been segmented in the following manner:

Global Microgrid Market: Product Segment

• Grid-tied (Grid Connected)
• Remote (Off-grid)

Global Microgrid Market: Application Segment

• Campus and Institutions
• Community and Utility
• Commercial and Industrial
• Defense and Military
• Remote Islands

Biomass Wood Pallets Market Size and Share Professional Survey 2015-2023.

Wood pellets production has increased substantially in the past few years, owing to the implementation of stringent emission norms in Europe and North America. High energy density and easy availability are some of the advantages that facilitate international trade of wood pellets. Growing concerns regarding greenhouse gas emissions (GHGs) have promoted the use of wood pellets as substitutes to fossil fuels for heat and power generation. The U.S. and Canada were the major exporters of wood pellets in 2014, while Russia and certain countries in Asia Pacific and South America are expected to become leading exporters of wood pellets in the near future. Wood pellets are low cost as compared to other conventional fuels including natural gas.

The wood pellets market can be segmented based on application into power plants and heating. The heating application comprises district and residential heating. Wood pellets are employed for power and heat generation. Power plants are expected to consume around 800,000 tons of wood pellets per annum in 2014. Wood pellets for district and industrial heating are generally traded globally, with exports from the U.S., Canada, Australia, and South Africa. However, wood pellets for residential heating are traded regionally. Quality requirements for industrial wood pellets are different from those utilized for residential applications. Logistics facilities and combustion technology largely determine the quality requirements.

The market for wood pellets has been segmented on the basis of application and geography. According to our analysis, heating was the largest application segment of the wood pellets market in 2014. In terms of revenue, the heating application segment accounted for the highest market share in 2014. Heating application segment is anticipated to dominate the overall wood pellets market throughout the forecast period.

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The regional segments included in this study are North America, Europe, Asia Pacific, Middle East and Africa, and Central and South America. These regional segments were further divided into country-wise sub-segments. Europe, led by the U.K., accounted for the largest market share in the global wood pellets market in 2014. The U.K. provides various incentives for green energy generation through wood pellets. Additionally, significant institutional support by the government is provided to achieve the green energy generation objectives of electricity market in the U.K. This, in turn, creates opportunities for heating applications and electricity generation from renewable energy resources in accordance with the EU Climate Action Plan mandates.

Key participants in the global wood pellets market include Andritz AG, Drax Group plc, Enito Singpellet Pte Ltd, Enviva LP, F.E. Wood & Sons, German Pellets GmbH, Georgia Biomass, LLC, Allance Pellet Machinery, The Westervelt Company, Pinnacle Renewable Energy Group, Rentech, Inc., Energex, and Wood Pellet Energy (UK) LTD. The report provides an overview of these companies, followed by their financial revenues, business strategies, and recent developments.

Hydraulic Mining Market is expected to witness substantial growth during Forecast by 2020

Growing energy demand coupled with increasing urbanization and industrialization is expected to boost the demand for hydraulic mining in the future. Hydraulic mining also referred to as hydraulicking was developed in California at around 1850 for excavating soft underground deposits. In Hydraulic mining a high pressure jet of water is used to excavate and wash the gravel. Gold is then recovered by cleaning the bedrock. Hydraulic mining is efficiently used to mine placer deposits of gold. Hydraulic mining is applicable in nearly all types of placer deposits, having various physical characteristics such as clayey or cemented deposits. However, water supply is a key parameter in determining the application of hydraulic mining and size of operation.

In hydraulic mining, a high pressure stream of water is directed against an alluvial bank caving. This stream then undercuts the bank, forming slurry with water; the slurry is further washed into a sluice. This process is gravity driven and separates gold from gravel. The overall market for hydraulic mining can be segmented on the basis of mining methods, equipments and geography to portray the overall market scenario. On the basis of mining methods, the global hydraulic mining market can be segmented as bottom up mining and top-down herring bone mining. On the basis of hydraulic equipment, the hydraulic mining market can be segmented as stackers, shovels, level luffing cranes, electronic overhead travel (EOT) cranes and drilling machines.

Top-down herring bone hydraulic mining method allows safe access around monitors, safe cutting angles and other equipment operating on safe examined areas. On the other hand bottom-up hydraulic mining methods can be used during mining of beach sands or coarse tailing. An application of hydraulic mining includes underground hydraulic mining for mining of coal. In the above process, the high-pressure water jets are used to break up the coal seam and wash the remaining coal slurry to the collection point.

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The global hydraulic mining market is rising and is estimated to register low to moderate growth rates in the future. The market’s growth is primarily driven by the increased application of hydraulic mining in the mining of gold. However, the market players are required to follow a proposed hydraulic operation and fulfill three necessary conditions. These conditions are to ensure adequate water supply, facilitate sufficient dump space to dispose of the tailing from the sluice and to lay sluice with proper grade to carry gravel and water efficiently. Growing wealth in numerous emerging markets worldwide coupled with increasing industrial applications of hydraulic mining are expected to be the key growth drivers of this market. Hydraulic mining is a low-cost method and yields larger production per man-shift compared to any other method except dredging. Hydraulic mining methods are more economical for small and medium size deposits. Moreover, requirement of low initial investment is also likely to propel growth in the global hydraulic mining market. Compared to other competitive methods such as dredging, hydraulic mining is a fairly productive method of mining gold. It requires low capital and mining costs as well as limited labor. The aforementioned benefits are likely to further accelerate the growth in global hydraulic mining.

Some of the key players in the global hydraulic mining market include Caterpillar, Penny Hydraulics Limited, and Trident Mining & Marine Services Pty. Ltd.

Incinerator Equipment Market Global Market Opportunity Assessment Study 2024.

Incinerator Equipment Market: Overview

The incinerators are equipment used for treatment of waste through the combustion of organic substances present in it. In this process, waste materials are converted into ash, flue gas and heat wherein the heat produced is further used for generating electricity. The furnace utilized in combustion process is automatically monitored and controlled to ensure efficient and safe operations.

The global incinerator equipment market can be divided as per applications, technologies and geographies. These equipment are broadly used in municipal wastes, chemical and industrial wastes, agricultural incineration, sewage incineration, building wastes, ashes and medical waste incineration. Major incinerator technologies include rotary kiln, static furnace, fluidised bed, liquid injection, catalytic combustion multiple hearth incinerator, direct flame, waste gas flare and moving grate incinerator. Among these technologies, rotary kiln, liquid injection and fluidised bed are more prevalent in the industry due to its flexibility and usage in large number of applications.

The waste combustion process through incinerator equipment is particularly undertaken in Japan due to scarcity of available land resource. Sweden and Denmark have been the leaders in generation of energy through incineration process. The other countries that are heavily depending on incinerators include Germany, Luxembourg, France and the Netherlands.

Incinerator Equipment Market: Drivers and Restraints

The growing market for waste management technologies is the major factor driving the global incinerator equipment market. The incinerator process helps minimize cost of transportation of waste to landfills as well as reduce pressure executed on available land. In addition to this, it also helps eliminate harmful gases produced from the landfills thus reducing environmental risks. However, the market is greatly affected due to the regulatory policies concerning carbon emissions, implemented by various organisations such as US Environmental Protection Agency (USEPA). Dioxins which are produced on a large scale during waste treatment process are very toxic due to high content of carcinogenic chemicals in it. Due to high set up cost of incineration plant, it is mainly introduced in line with waste to energy plants rather than separate installation. Also there is rising need for skilled professionals to efficiently manage continuous operation and maintenance of the incinerator equipment.Top of Form

Incinerator Equipment Market: Defining Trends

Incinerators with cleaner combustion and newer technology are expected to be the future trends for this market. Rapid technological development has been ongoing to initiate technologies at economical costs and with improved environmental performance. The energy generated from the incineration process is highly regulated and is generally provided to limited private and public operators. Since the tariff of electricity produced through incineration is exclusively based on production costs, the government is planning to subsidize the prices to make it affordable for the consumers to purchase the energy produced.

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A large scale participation of private players has been encouraged by the government so as to overcome the huge investments associated with the development of incineration plants. In addition to this, combined involvement of public as well as private companies has reduced the ownership issues which initially would have affected waste management and energy generation process. The appropriate location of the plant is also essential to initiate cost effective services for waste disposal.

Incinerator Equipment Market: Competitive Insight

Some of the key players in this market include Suez Environment Co. S.A., Brickner & Bratton, Inc, and EEW Energy from Waste GmbH, Babcock & Wilcox Co., Covanta Energy Corp., Martin GmbH, Wheelabrator Technologies, Constructions Industrielled de la Méditerranée S.A., Greshman, and Nova Energy LLC. Large number of local and international brands and companies are focusing on development of incinerators through huge investments in order to reduce dependency on land resource for waste disposal.

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.

Use of LPG as Fuel in Automobiles to Drive Demand

The global liquefied petroleum gas (LPG) market is highly competitive, featuring a large number of equally balanced competitors. The top five companies accounted for 17.2% of the global market in 2013. These companies are: Exxon Mobil, Royal Dutch Shell, Sinopec, Valero Energy, and BP PLC. New entrants have a higher chance of venturing into the market through distribution and retailing businesses, states Transparency Market Research (TMR). From the perspective of large market players, the industry is relatively consolidated.

Key players have branched out into LPG storage, distribution, and retailing businesses. In essence, these players are their own suppliers, thus resulting in negligible supplier power. Large companies are adopting the strategy of gradually diversifying their LPG marketing business across many other countries. Case in point. Royal Dutch Shell, divested its LPG business in India. It aims to sell off major stakes in its LPG business in Pakistan. Similarly, BP PLC has strategically invested in exploration and production projects for oil and gas in various regions around the globe.

The access to shale reserves can give a competitive edge to a company, states a TMR analyst. This is because competition in the LPG industry highly depends on price and having access to shale reserves will enable a company to provide LPG in much cheaper rates.

Government Initiatives to Distribute LPG to Rural Areas Fuel Demand

Owing to their higher energy content and ability to burn easily as compared to other fuels, LPG, also known as autogas, is used as fuel in automobiles. The numerous environmental benefits of using autogas is another factor driving its demand. This is because autogas is considered to be greener as compared to other fuels such as gasoline and diesel. Autogas also enjoys legislative policy support and is cost-effective, thus driving its adoption.

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LPG is widely used as cooking fuel in residential sectors. The ease in transportation through pipelines, tankers, and cylinders results in the low cost distribution of LPG cylinders. Moreover, the low CO2 emission from LPG makes it one of the best fuels in the cooking sector. LPG is extensively used in the rural sector. The Indonesian government launched a conversion program and distributed LPG cylinders and gas stoves to the rural population. Similarly, the Indian government has also come up with initiatives, supporting the low cost distribution of LPG cylinders to rural sectors. All these factors contribute to the heightened demand for LPG.

Increasing Procurement of Non-associated Gas Weakens Impact of Volatile Crude Oil Prices on LPG Market

The price of crude oil is susceptible to fluctuation. This, in turn, affects the price of LPG. With the economy regaining stability after 2010, the price of crude oil, which had declined in 2009, has once again risen. This has a direct impact on the price of LPG. However, the prices of oil and natural gas is expected to decline, thus relieving the price of LPG acquired from non-associated gas from the volatility of crude oil prices. However, the growth in the production of LPG obtained from non-associated gas is expected to weaken the influence of the restraint.

Expansion of Panama Canal to Facilitate Increasing Trade Opportunities

The Panama Canal is a major waterway facilitating the trade between North America and the Rest of the World. The expansion project of this waterway is expected to benefit trade between many regions, especially North America and Asia Pacific, in late 2016, when the project is expected to be completed. With the slashed transit cost, export routes between Asia Pacific and North America will open. This will reduce the cost of LPG and the surplus production from North America will be exported to Asia Pacific, thus satisfying the latter’s growing demand for LPG. Similarly, North America is expected to export LPG to Europe owing to the drying up of the North Sea. Thus, trade opportunities are increasing with the expansion of the Panama Canal.

By end use, the residential and commercial segment led in 2013, accounting for a 63.25% of the global LPG market. The segment is expected to continue its lead in the market in the coming years. By geography, the Middle East and Africa is expected to lead in the global LPG market, followed by Asia Pacific. By source, the non-associated gas segment is expected to witness the highest growth rate in the coming years.

According to the report, the global market opportunity in liquefied petroleum gas will rise from US$233.83 bn in 2013 to US$299.05 bn by 2020, expanding at a 3.4% CAGR between 2014 and 2020.

The global liquefied petroleum gas market is segmented as follows:

Source

• Refinery
• Associated Gas
• Non-Associated Gas

End User

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

Growth of Silicon Metal Market Rides on Large-scale Installation of Solar Panels

The global market for silicon metals is highly consolidated and is led by a handful of multinational companies. Transparency Market Research finds that this has compelled players to focus on product differentiation as well as supply chain integration in order to survive this challenging vendor landscape. “An increasing number of manufacturers today have silicon metal manufacturing assets, quart mining units, and even produce downstream products so as to establish a strong foothold in the silicon metal market,” a lead analyst at TMR states.

Dow Corning Corporation, for instance, has been successfully performing mergers and acquisitions in the silicon metal market to establish an integrated and low-cost-intensive supply chain. Over the years, the company has acquired the silicon manufacturing assets of different companies and this has enabled it to not only provide efficiency and stability to its business operations but also integrate these operations.

Another excellent example would be Wynca Group, whose strong technical support network and research and development activities through the Organic Research Institute has helped the company develop newer applications of silicon in the downstream segment.

Players Hope to Overcome High Cost of Production with Support from Government

The global solar industry has been witnessing immense emphasis in recent years owing to the rising focus on the development of viable renewable energy sources. Supported by numerous government regulations and initiatives, this has resulted in the soaring demand for and implementation of solar panels across various industries. This, in turn, has driven the demand for silicon metal. Solar panels form one of the most important applications of silicon metal and a boost in the solar energy industry translates to a boost in the silicon metal market as well. The growing application of aluminum alloys in transportation is also projected to continue driving the demand for silicon metals.

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On the other hand, the high cost of production is a key challenge for most players in the market. “The cost of production of silicon metal is dependent on important variables such as the cost of raw materials, labor, power, and transportation,” the TMR analyst explains. “A spike in any of these variables results in the increase in the silicon metal cost of production.” In addition to this, market volatility is anticipated to hamper the growth of the silicon metal market in the coming years.

Modest Growth in Store by Value and Volume

The volume demand for silicon metal, as per TMR, is poised to surge at a 4.3% CAGR from 2016 to 2024. On the basis of revenue, however, the market is anticipated to register a slightly faster pace during the forecast period, at a 5.2% CAGR. The value of the silicon metal market is projected to rise from US$2.2 bn in 2015 to US$3.4 bn by 2024. Asia Pacific is the largest market for silicon metal and is forecast to account for a share of over 45% by 2024.

This review is based on the findings of a TMR report titled “Silicon Metal Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.”

Silicon Metal Market – Application Analysis

• Aluminum Alloys
• Silicones/Silanes
• Semiconductors
• Solar Panels
• Others (Including Stainless Steel, Laboratory Reagents, etc.)