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Opportunity for Artificial Lift Market to Reach $9.69 Billion by 2021

An increase in deep and ultra-deep offshore exploration, along with the growing demand in enhanced productivity requirement, is driving the artificial lift market. Reserves that were earlier considered uneconomical and abandoned, are now getting productive with the use of artificial lift technology. The three-fold rise in subsea production since 2000 has resulted in an unprecedented growth of this market in deep and ultra-deep waters in countries such as Brazil, Gulf of Mexico, Angola, and Nigeria.

The lifts can be broadly categorized as Rod lift, Electric Submersible Pump (ESP), Progressive Cavity Pump (PCP), and Gas lift; each of these are employed for specific wells depending upon the well characteristics and are suitable for specific lifting requirement. Thus, the dominance of a particular lift type changes from region-to-region. Canadian wells are characterized by heavy oil and bitumen production which is driving the PCP market at a growth rate of 10.4%. It has also been observed that the leading players in this market have core competencies in particular lifts and are focused in that technology in specific regions.

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The most common form of artificial lift is the Rod lift that has the maximum penetration by installations. U.S. has the highest potential of Rod lift business and is expected to grow by 6.6%. This will also boost the revenues of component manufacturers such as sucker rods. ESP is mostly used in secondary recovery fields and has the maximum market share by revenue. Russia has the largest market for Electric submersible pumps and is expected to have a modest demand; however, Latin American countries are anticipated to witness the maximum growth. Heavy oil reserves in Canada, Venezuela, and Nigeria drives the demand for PCP in this market. The highest growth is observed in Gas lifts, with high potential in the U.S.; however, it is limited by its requirement of natural gas source at its vicinity.

About 91% of the wells globally, are equipped with the artificial lift system. The penetration of lift systems varies across regions depending on the well maturity. The Middle East and the African regions presently have the least penetration, though, over the passage of time as the wells continue to reach their enhanced recovery stage, it will provide a gigantic opportunity in countries such as UAE, Saudi Arabia, Oman, Kuwait, Nigeria, Angola, etc. This could be a major focus area for equipment manufacturers.

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The Capex analysis of oil producing companies is a critical factor to estimate the demand for equipment. The global Capex is expected to grow at about 9.5% till 2018. Perhaps, it will be allocated to subsea operations in Africa and Latin America. This will provide a high scope to the players in this market.

The ecosystem of the artificial lift market is undergoing a major transformation, marked by mergers & acquisitions, new products development, and alliances. The oil producing companies are developing next generation equipment to recover high pressure and high temperature hydrocarbon resources. Equipment companies are embarking on a horizontal integration. The various factors coupled with technological innovations are expected to drive this market at a CAGR of 9.5% till 2018.

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Power Transformer Market

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Analyze For Flow Battery Market Size, Share, Outlook, Growth, Key Players and Forecast 2019-2023

A flow battery is an electrical storage device that is a cross between a fuel cell and a conventional battery. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Flow Battery Report by Material, Application, and Geography – Global Forecast to 2023 is a professional and comprehensive research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

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In this report, the global Flow Battery market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.

The report firstly introduced the Flow Battery basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include:
• ESS Inc
• Redt Energy PLC
• Sumitomo Electric
• Redflow Limited 
• American Vanadium Corp.
• UniEnergy Technologies
• NanoFlowcell
• Lockheed Martin Corporation, H2 Inc.
• Pu Neng Energy
• Vionx Energy Corporation
• Gildemeister Energy Solutions
• Primus Power
• Schmid
• ViZn Energy

Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-flow-battery-market-research-report-2019-2023

The end users/applications and product categories analysis:
On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-
• Vanadium Liquid Battery
• Zinc Bromine Battery
• Iron Chromium battery


On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Flow Battery for each application, including-
• Utilities
• Commercial & Industrial
• Military
• EV Charging Station

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About Radiant Insights 
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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This Report of Medium Voltage Cables & Accessories Market Eliminates all Myth about Industry 2022

The global medium voltage cables & accessories market was valued at USD 39.31 Billion in 2016 and is projected to grow at a CAGR of 6.27%, from 2017 to 2022. Increase in renewable energy generation and rapid industrialization and urbanization are the major drivers for growth in the medium voltage cables & accessories market.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the medium voltage cables and accessories market. These include Prysmian S.p.A. (Italy), Nexans S.A. (France), General Cable Corporation (US), NKT Group A/S (Denmark), and LS Cable & System Ltd. (South Korea). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

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The underground medium voltage cables and accessories segment of the installation market is expected to hold the largest share during the forecast period.

On the basis of installation, the medium voltage cables and accessories market has been segmented into underground, overhead, and renewables. The underground sector accounted for the largest market share. Several benefits of using underground cables are lower transmission loss and maintenance costs, they release no electric fields, and can easily absorb power loads; these factors are expected to drive the medium voltage cables and accessories market. Thus, the underground segment of the medium voltage cables and accessories market is expected to grow at the highest CAGR during the forecast period.

The industrial segment is expected to lead the medium voltage cables and accessories market during the forecast period.

On the basis of end-user, the medium voltage cables and accessories market has been categorized into three segments, namely, industrial, infrastructure, and renewables. The industrial segment is expected to account for half of the medium voltage cables and accessories market in 2017. The industrial segment includes utilities, oil & gas, mining and metals, chemicals and petrochemicals, cement and manufacturing, and other industries. Investments in power transmission and distribution would drive the industrial segment of the medium voltage cables and accessories market.

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Asia-Pacific is currently the largest market for medium voltage cables & accessories as majority of urbanization activities are concentrated in countries such as China, India, and Japan. In China, the infrastructure development remains the top priority, due to increasing opportunities in railways and water infrastructure. In the next 5 years, countries such as China, South Korea, and India would become potential markets for medium voltage cables & accessories systems. China, which is 100% electrified, plans to upgrade its rural distribution grid from 2016 to 2020.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Fall Protection Market worth 2.69 Billion USD by 2022 at a CAGR of 8.1%

The report “Fall Protection Market by Type (Soft goods, hard goods, installed system, access system, rescue kit, services), END-USE INDUSTRY (construction, general industry, OIL & GAS, energy & utilities, telecom, transportation, mining) – Global Forecast to 2027”, is projected to grow from USD 1.97 billion in 2018 to USD 3.97 billion by 2027

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Drivers & Opportunities in global industry:

  • Stringent Government Regulations
  • Increasing Demand for Fall Protection Equipment From Construction Industry
  • Growing Awareness of Industrial Safety
  • High Growth Opportunities for Access System
  • Industrial Growth in Asia-Pacific

Key players operating in the global fall protection market include 3M Company (US), Honeywell International Inc. (US), MSA Safety Inc. (US), Werner Co. (US), GF Protection Inc. (US), SKYLOTEC GmbH (Germany), W.W. Grainger, Inc. (US), Total Access (UK) Ltd. (UK), Kee Safety, Inc. (UK), and FallTech (US).

The growth of the fall protection market was largely influenced by new product developments over the past five years. Companies such as 3M Company, Honeywell International Inc., MSA Safety Inc., and GF Protection Inc. undertook new product developments, expansions, mergers & acquisitions, and partnerships to expand their regional presence and enhance their product offerings.

The 3M Company (US) is a key player in the global fall protection market. The company offers a comprehensive range of fall protection products for various end-use industries, such as construction, general industry, oil & gas, telecom, transportation, energy & utilities, and mining. The company adopted new product developments and mergers & acquisitions as its major growth strategies. In August 2015, the company acquired Capital Safety (US) to expand its business of fall protection products across the global.

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Honeywell International Inc. (US) is another leading manufacturer in fall protective market. The company adopted new product developments as a key growth strategy to expand its business globally. The company offers a wide range of fall protective equipment for construction, general industry, oil & gas, telecom, transportation, energy & utilities, mining, and other industries. For example, Honeywell Söll GlideLoc ladder and Söll BodyControl are used in telecommunication, utilities, and general industries.

In January 2016, the company introduced innovative fall arresters for height protection against dangerous backward fall.

3M Company (US), Honeywell International Inc. (US), MSA Safety Inc. (US), Werner Co. (US), GF Protection Inc. (US), SKYLOTEC GmbH (Germany), W.W. Grainger, Inc. (US), Total Access (UK) Ltd. (UK), Kee Safety, Inc. (UK), and FallTech (US) are some of the leading players in the global fall protection market.

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Global Solar PV Inverter Market to Reach US$ 9.1 Billion by 2024, Decline in Prices Impelling Growth

According to the latest report by IMARC Group, titled “Solar PV Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global solar PV inverter market size reached US$ 6.7 Billion in 2018. A solar inverter, also known as PV inverter, is a device which plays a significant role in a solar electric power system. It converts the variable direct current (DC) output of a solar panel into the utility frequency alternating current (AC) which can then be supplied to the power grids or houses for operating different appliances. Moreover, it assists in maximizing the overall electricity production by varying the load and ensuring complete compliance with stringent policies of feeding electricity into the grid.

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Market Trends:
Since several years, the demand for solar inverters was primarily accounted by the commercial and industrial sectors. However, on account of the rising environmental concerns regarding greenhouse gas (GHG) emissions and the growing awareness among consumers about the importance of renewable energy sources, the demand for solar inverters is now also emerging from the residential sector. Moreover, inflating fossil fuel prices around the world are further driving the market. Apart from this, the declining cost of solar inverters in both the developed and developing economies is also impelling the growth of the market. Some of the other factors that are stimulating the market growth include technological advancements and the rising governmental support in several countries. Looking forward, the market value is projected to exceed US$ 9.1 Billion by 2024, expanding at a CAGR of around 5% during 2019-2024.

Browse full report with detailed TOC and list of figures and tables:
https://www.imarcgroup.com/solar-pv-inverter-market

Market Summary:
• Based on the technology, the market has been segmented into central, string, micro and other inverters. At present, central inverters dominate the market, holding the largest share.
• On the basis of the voltage, the market has been divided into 1500 V. Currently, the < 1000 V solar PV inverter accounts for the majority of the total market share.
• The market has been analyzed on the basis of the application into utility, residential, small commercial, large commercial and industrial scale. Presently, the utility scale segment exhibits dominance in the market.
• Region-wise, the market has been classified into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa. Amongst these, Asia Pacific is the leading market, holding the majority of the global share.
• The competitive landscape of the market has also been examined with some of the key players being ABB Ltd., Schneider Electric SE, Siemens AG, Mitsubishi Electric Corporation, Omron Corporation, General Electric Company, SMA Solar Technology AG, Delta Energy Systems Inc., Enphase Energy Inc., SolarEdge Technologies Inc., Huawei Technologies Co. Ltd., Kstar New Energy Co. Ltd., Sineng Electric Co. Ltd., Sungrow Power Supply Co Ltd., Tabuchi Electric Co. Ltd., TBEA Sunoasis Co. Ltd. and Toshiba Corporation.

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Cryogenic Insulation Market worth 3.3 Billion USD by 2023, registering a CAGR of 7.20%

[143 Pages Report] The Cryogenic Insulation Market size is estimated to be USD 2.3 billion in 2018 and is projected to reach USD 3.3 billion by 2023, at a CAGR of 7.20% between 2018 and 2023. Cryogenic insulation helps in energy conservation and enables to control the process temperature in cryogenic equipment. Cryogenic insulation uses high performance insulation materials such as cellular glass, polyurethane, polyisocyanurate, polystyrene, perlite, aerogel, and others to achieve the required thermal conductivity at extremely low operating temperature. It is widely used in transportation and storage of liquefied natural gas.  The cryogenic insulation market is mainly driven by the rising demand for LNG as fuel in developed and developing economies. Rising environmental awareness is contributing to the growth of the market.

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PU & PIR segment is expected to be the largest contributor to the overall cryogenic insulation market during the forecast period.

On the basis of type, the cryogenic insulation market has been segmented into PU & PIR, cellular glass, polystyrene, fiberglass, perlite, plastic, rubber, metal, ceramic, and others. The PU & PIR segment is expected to lead the cryogenic insulation market between 2018 and 2023, in terms of value. The higher demand for PU & PIR is mainly attributed to their properties and widespread applications. PUR & PIR foam is lightweight, moisture and fire resistant, has low thermal conductivity and density, and provides better structural performance. These properties enable their use in cryogenic conditions. They are used in various applications such as cold storage building, coolers, freezers, tank & pipe insulation, and household refrigerators.

The tank segment accounts for the largest share of the overall market.

On the basis of cryogenic equipment, the cryogenic insulation market has been segmented into tanks, valves, vaporizers, pump, and others. The tank segment is expected to account for the largest share of the cryogenic insulation market during the forecast period. The dominance of the tank segment is expected to continue during the forecast period due to its increasing demand from end-use industries such as energy & power for the storage and transportation of LNG.

The energy & power segment is projected to be the fastest-growing end-use industry of cryogenic insulation during the forecast period. 

On the basis of end-use industry, the cryogenic insulation market has been segmented into energy & power, chemicals, metallurgical, electronics, shipping, and others. The energy & power segment is estimated to be the largest end-use industry of the cryogenic insulation market, in terms of value, during the forecast period. The demand for cryogenic insulation in the industry is expected to increase as a result of increasing demand for LNG as fuel.

Key market players profiled in the report include Armacell International Holding GmbH (Germany), Lydall Inc. (US), BASF SE (Germany), Cabot Corporation (US), Rochling Group (Germany), and Johns Manville Inc. (US).

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Diesel Generators Market Revenue to Reach $16.96 Billion by 2020

The diesel generators market is expected to grow from an estimated USD 13.06 Billion in 2015 to USD 16.96 Billion by 2020, at a CAGR of 5.4% from 2015 to 2020. Diesel generators are widely used across different industries such as utilities, oil & gas, marine, mining, healthcare, and telecom among others. They provide continuous power supply during power outages as well as at locations where grid infrastructure is not available. The diesel generator, a combination of diesel engine with electrical generator, is a reliable power supply device. It is used for generating electricity to provide continuous power supply during power interruptions. It is mostly used as a standby device during power outages or at places with no connection to a power grid. Factors driving the diesel generators market include increasing need for uninterrupted & reliable power supply and increasing number of power outages.

The report also segments the diesel generators market on the basis of end-user, which includes industrial (power generation/utilities, oil & gas, and others), commercial (IT & telecom, healthcare, and others), and residential. The industrial segment is one of largest users of diesel generators and occupies more than 50% of the total market share in the end-user segment of the diesel generators market. This market is expected to grow at the highest CAGR during the forecast period, owing to chronic power outages and rapid growth of industries, infrastructure, and IT & telecommunication industry across the world.

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Asia-Pacific is estimated to be the global leader in the diesel generator market

In this report, the diesel generators market has been analysed with respect to five regions, namely, North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is the leading market owing to chronic power outages and need for continuous power by the growing industrial and commercial sectors. Poor grid infrastructure and rising power demand in countries such as India and China are driving the diesel generators market in the region. The Middle East & Africa market is expected to grow at the second highest CAGR during the forecast period. The European and North American markets are expected to have slow growth rates during the forecast period due to economic slowdown. Rising demand for power unmet by existing grid infrastructure in Asia-Pacific results in frequent power outages. As a result, growing industrialization and frequent power outages are driving the demand for diesel generators in this region. The diesel generators market in India is expected to grow at the highest CAGR, owing to growing IT, datacentre, telecom, and ongoing infrastructure development programs in the country.

Some of the leading players in the diesel generators market include Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Generac Holdings Inc. (U.S.), Kohler Co. (U.S.), MTU Onsite Energy (Germany), and Mitsubishi Heavy Industries Ltd. (Japan). 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Ring Main Unit Market Explores New Growth Opportunities by Leading Manufactures

The global ring main unit market is projected to grow at a CAGR of 8.35% from 2017 to 2022. In 2016, Asia-Pacific was estimated to be the largest market for ring main unit, followed by Europe and North America. This trend is expected to continue till 2022. The growth of the ring main unit market is driven by modernization of existing power infrastructure and smart distribution networks.

The ring main unit market is dominated by a few global players which includes ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.).

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Major strategies adopted by players in the ring main unit market include contracts & agreements, expansions, new product developments, and mergers & acquisitions. Contracts & agreements were the most commonly adopted strategy from 2013 to 2017 and accounted for more than 58.1% of the total market share. Industry players also adopted expansions, which was the second most widely followed strategy from 2013 to 2017.

ABB, Ltd. is a technological leader in electrical products, which caters to a wide range of industries such as transmission, distribution, renewable generation, utilities, industry, marine, and oil & gas among others. It conducts its business through four segments, namely, power grids, industrial automation, robotics & motion, and electrification products.

The report segments the ring main unit market on the basis of application into distribution utilities, industries, and infrastructure & transportation. The distribution utilities sub-segment accounted for the largest market share in 2016. This segment is also expected to witness the highest CAGR during the forecast period, due to increasing investments in the power sector in Asia-Pacific to augment generation capacities to meet the growing power demand in the region.

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Eaton is a diversified power management company that is driven by five business groups, namely, electrical products, electrical systems & services, hydraulics, aerospace, and vehicle segments. The company provides ring main units under its medium voltage switchgear segment of its electrical products and electrical systems & services division. 

Key questions

  • Which key players have strong advantage on price? Who are the key contenders in the unorganized market?
  • Which are the new opportunity areas and what are the best sales channels to gain a quick entry?
  • Which industry segments have simpler buying process, and which vertical are switching their existing switching solutions to RMUs?

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

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