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Monday, 28 January 2019

Liquefied Natural Gas Compressor Market Size, Share – Forecasts To 2025

Liquefied Natural Gas Compressor Market Insights

The global liquefied natural gas compressor market is anticipated to grow at a lucrative CAGR over the forecast period due to a surge in production. The market demand is expected to be influenced by the product’s affordability and quality.

Expansion in the count of LNG terminals coupled with strict government regulations has resulted in high demand for LNG Compressors. The implementation of LNG as fuel is likely to contribute towards a number of environmental benefits including cleanness of LNG and reduced toxic emissions.

Growing industrialization coupled with rapidly developing unconventional natural gas reserves is likely to require highly optimized compressor systems. These compressors offer enhanced reliability and are efficient in handling multiple gas streams originating from several sources. Also, economic efficiency coupled with safety associated with the product is likely to foster the market growth over the forecast period.

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Liquefied Natural Gas Compressor Market: Design Insights

The global liquefied natural gas compressor market is segmented into vertically-split barrel, horizontally-split barrel, and axial compressors, based on design.

Horizontally split compressors are likely to grow at a considerable rate over the forecast period due to easy maintenance, high efficiency, and reliability associated with it. These compressors are usually for medium and low pressure applications.

Axial compressors and vertical-split barrels are projected to account for significant market share owing to growing deployment of these compressors in ongoing and future projects. Increasing demand for these compressors for high pressure application along with enhanced efficiency is likely to drive the growth of axial compressors and vertical-split barrels’ segments over the projected period.

Liquefied Natural Gas Compressor Market: Application Insights

The global liquefied natural gas compressor market, by application, is divided into vehicles, electrical, industrial, and residential among others. LNG is extensively used in transport and a number of other industries as a chemical feedstock. The technical developments made in the production of LNG have helped to place LNG as one of the least expensive transportable fuels. LNG is also widely used in residential segment for cooking.

Liquefied Natural Gas Compressor Market: Regional Insights

North America is likely to dominate the overall liquefied natural gas compressors’ market over the forecast period. The regional growth is attributed to favourable government regulations along with increased emphasis on improving LNG terminal infrastructure, particularly in the U.S. and Canada.

Asia Pacific is likely to account for a considerable market share in the global liquefied natural gas compressor market over the forecast period. The regional demand is likely to be influenced by growing natural gas consumption. Demand is likely to arise from countries such as U.S., Pakistan, UAE, Albania, Indonesia, China, Japan, India, and Malaysia.

Middle East & Africa accounted for a significant market share in 2016 and is further projected to grow at a potential CAGR over the forecast period.

Liquefied Natural Gas Compressor Market: End-Use Landscape

The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global liquefied natural gas compressor market. The major consumers of the product are ExxonMobil, SABIC, SABIC, Ford among others.

Liquefied Natural Gas Compressor Market Share & Competitor Analysis

Some of the key players profiled in the global liquefied natural gas compressor market include EagleBurgmann, General Electric Company, Seimens, Mitsubishi Heavy Industries, Elliott Company, Kobelco Compressors America Inc., and IMW Industries Ltd. among others.

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Filtration and Contamination Control Systems Market Size, Share, Analysis – Forecasts To 2025

The market report is designed to provide a complete view of the Global Filtration and Contamination Control Systems market. This business intelligence report has been categorized into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category, wherein, the market dynamics for Filtration and Contamination Control Systems has been studied considering a short-term forecast of the factors/variables influencing the industry. The market segments and their respective estimates & forecasts have been covered under the quantitative information category. Forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing competitor analysis for major market participants profiled by analyzing their organic & inorganic growth strategies, regional presence, and product portfolio among others.

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Vendor Landscape: Filtration and Contamination Control Systems Market

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

End-User Landscape (Consumer Profile): Filtration and Contamination Control Systems Market

The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic and inorganic growth strategies among others.

Competitor Analysis: Filtration and Contamination Control Systems Market

The major companies profiled in the Filtration and Contamination Control Systems market include Donaldson Company, Inc., Cummins Inc., Parker-Hannifin Corp., Mann+Hummel Holding GmbH, Pall Corporation, Filtration Group Corporation, Clarcor Inc., Eaton Corporation PLC, Hydac International GmbH, and Environmental Corp. among others. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to enhance their competitive position.

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Power Management System Market Size & Analysis – Forecasts To 2025

Power Management System Market Insights

The global power management system market is expected to grow at a CAGR of more than 6% over the forecast period. This growth is mainly attributed to increasing adoption of Internet of Things (IoT) and other cloud-based platforms. Along with this, rising demand for energy efficiency in manufacturing sectors coupled with increasing installation of renewables in various sectors is likely to stimulate market growth.

Factors such as low production cost and its wide application across businesses and residencies are likely to fuel the market growth over the forecast period. However, rising risk of data security such as cyber-attacks and viruses are projected to affect the profitability of market.

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Power Management System Market: Type Insights

On the basis of source, the industry is segmented into hardware, software and services. The market for software is anticipated to occupy the highest share owing to increasing technological innovations such as upgradation of existing software. Moreover, rising adoption of cloud-based platforms coupled with growing trend of IoT is likely to boost the market.

Power Management System Market: Module Insights

By form, the industry is segmented into power monitoring & control, load shedding & management, power simulator, energy cost accounting, switching & safety management, generator controls and data historian among others. The power monitoring & control segment is anticipated to register a significant growth rate over the forecast period on account of growing manufacturing sector and rising government investment in developed economies. Along with this, rising oil & gas sector in advanced economies is also projected to foster demand for the product.

Power Management System Market: Application Insights

Power Management System finds its application in oil & gas, marine, chemicals & pharmaceuticals, paper & pulp, utilities, metals & mining, and data canters among others. The marine segment is anticipated to dominate the market over the forecast period owing to rising application of power management system in marine vessels. Moreover, factors such as fuel optimization and automatic load shedding among others are also expected to favour the sector.

Power Management System Market: Regional Insights

Asia Pacific occupied the largest share of this market since the past few years. This can be attributed to growing manufacturing sector in this region. Along with this, rising ship-building sector is also expected to stimulate market growth.

Power Management System Market: Vendor Landscape

Power Management System Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase power management system over the coming years. Some leading consumers of this market are Sinopec, Saudi Aramco and Exxon Mobil.

Power Management System Market: Market Share & Competitor Analysis

The key players profiled in the power management system include ABB, Siemens, Eaton, GE, ETAP, Wartsila, Mitsubishi, Schneider Electric, Rockwell Automation, Honeywell, Yokogawa, Larsen & Toubro, and Cpower.

In January 2018, Cyber Power Systems (USA), Inc., launched an uninterruptible power supply (UPS) system. The system is designed to protect building and industrial controls and devices from surges, power failure, over-voltages and interruptions.

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Intelligent Completion Market Size & Analysis – Forecasts To 2025

Intelligent Completion Market Insights

The demand for intelligent completion is projected to grow at a high CAGR over the forecast period on account of rising exploration activities across the world. Intelligent completion helps reduce a cost associated with exploration by providing important real-time details regarding the oilfield which can be accessed remotely.Intelligent completion is projected to grow at a high CAGR in the Asia Pacific and North American region. Smart well completions are preferred over traditional wirelines as it makes it easier to maintain deepwater platforms remotely. Intelligent completion systems use electrical and hydraulic power to adjust valves which can otherwise be risky.

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Intelligent Completion Market: Type Insights

On the basis of the component, the intelligent completion market is segmented into digital infrastructure, control & communication, monitoring, and flow control devices. One of the most critical steps in intelligent good completion is designing an efficient digital infrastructure that can be manual, automated, or integrated. Monitoring equipments are also expected to hold an important place throughout the life of the reserve. Some of the components used in monitoring include gauges, fiber optics, sensors, and flow meters.

Intelligent Completion Market: Application Insights

On the basis of application, the intelligent completion market is segmented into onshore and offshore exploration. The onshore market is expected to hold a higher share in the market on account of the increasing need to cut down cost due to a fall in oil prices. The increasing exploration of shale gas reserves is projected to boost the demand for intelligent well completion systems.

Intelligent Completion Market: Regional Insights

The demand for intelligent good completion is projected to occupy a large share in the North America region. Currently, shale gas has become a major source of natural gas for the region with an increase of 40% in natural gas supplies in the U.S. from 511 Million cubic meters in 2005 to 717 Million cubic meters in 2012. Increase in natural gas production & exploration is expected to increase the demand for intelligent completion systems in the North American region.

Asia Pacific is projected to grow at the highest CAGR over the coming years. Growing exploration in China, India, Indonesia, Malaysia, and Thailand is projected to boost the demand for intelligent completion.

Intelligent Completion Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase intelligent completion over the coming years. Some leading consumers of this market are Saudi Aramco, Sinopec, China National Petroleum Corporation, and Exxon Mobil among others.

Intelligent Completion Market: Vendor Landscape

Intelligent Completion Market Share & Competitor Analysis

Prominent companies in the intelligent completion market are Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Weatherford International, Welltec International, RPC Inc., Superior Energy Services, Woodside Energ, and Salym Petroleum among others.

In July 2017, GE’s oil and gas business merged with Baker Hughes. Baker Hughes is now a part of GE, and combines digital solutions and technology to ensure development in the oil & gas. In November 2017, D&L Oil Tools registered a new patent pending design for hydraulically & mechanically operated tubing anchors which will be used in smart well systems.

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Sand Control Equipment Market Size, Analysis – Forecasts To 2026

Sand Control Equipment Market Insights

The sand control equipment market is estimated to grow at a moderate CAGR during the forecast period. Increasing drilling activities across the globe, high rates of offshore rigs, rising oil & gas production, growth in number of wells and ease in drilling and production of gas among others are some of major drivers which are anticipated to drive the market growth of sand control equipment.

The sand control equipment consists of devices which help in exclusion of sand formations and its mixing during the extraction process of hydrocarbons. The system is used to enhance the productivity and performance of well, thus giving it one of the most important role in overall completion process. The equipment also helps in elimination of problems such as erosion of hardware and down-hole cavities.
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Sand Control Equipment Market: By Application

The sand control equipment market can be segmented based on application into onshore and offshore. Onshore application segment is expected to hold the largest market share in terms of revenue. This strong hold can be attributed to various factors such as lower drilling cost of onshore application, presence of large number of onshore sites, and increasing dependency on conventional oil & gas among others. However, market for offshore application is expected to grow at high CAGR during the forecast period. This growth can be attributed to increasing offshore operations of oil & gas extraction, well completion, and cementing job. Energy produced offshore is one of the major components of global oil & natural gas supply and could offer important source of renewable electricity. Increasing offshore oil and gas operations majorly in Middle East, Brazil, North Sea, Gulf of Mexico and the Caspian Sea is expected to increase the CAGR of sand control equipment during the forecast period.

Sand Control Equipment Market: By Technique

The sand control equipment market can be segmented on the basis of technique into gravel pack, frac pack, sand screens, and inflow control devices. Gravel pack segment is expected to hold the largest market share in the forecast period owing to increased drilling of conventional oil & gas fields in the onshore regions across the globe. Frac pack system technique holds the second largest market share followed by sand screen technique. The sand control equipment is widely used in onshore arena. However, inflow control devices segment is anticipated to witness highest CAGR during the forecast period. Reduction in expenditure and increasing life span are some of the major factors driving the growth of inflow control devices segment in the sand control equipment market

Sand Control Equipment Market: Regional Insights

Asia Pacific is expected to hold the largest market share in terms of revenue during the forecast period. The market has witnessed growth in the region because of economic growth and development of developing countries in the region such as China, India, and Australia. Moreover, many international companies have also increased their presence in the region due to growing mining and exploration activities in the region. The major factor behind the growth of Asia Pacific sand control equipment market can be accredited to the increasing government support in oil & gas industry, and increasing private investments by major players in order to support new drilling activities in the region. North America is anticipated to hold the second largest market share owing to the increased demands for oil production in Mexico, US, and Canada.

Sand Control Equipment Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase sand control equipment over the coming years. Some companies which are currently using sand control equipment and are likely to purchase it in future such as Rio Tinto, BHP Billiton, Freeport McMoRan Copper & Gold, Glencore Xstrata, China Shenhua Energy, and Vale among others.

Sand Control Equipment Market: Vendor Landscape

Sand Control Equipment Market Share & Competitor Analysis

Some of the key players operating in the sand control equipment market are Halliburton, Baker Hughes, Weatherford, National Oilwell Varco, Schlumberger, Dialog, Mitchell, Packers Plus, Superior Energy, Interwell, Variprem, Tendeka, and Hebei Shengkai among others.

In July 2017, Halliburton announced the successful acquisition of Summit ESP; the company is engaged in the development, and manufacturing of electrical submersible pumping systems.

In November 2013, Halliburton signed an agreement to acquire Intelligent Well Controls, the company is engaged in the improvement of way in which wells are drilled and completed.

In December 2016, National Oilwell Varco successfully acquired Fjords Processing AS; the company is engaged in the operation of processing technology, systems, and services to upstream oil & gas industry.

In June 2012, Weatherford International acquired Petrowell Ltd., the company specializes in the designing, engineering, testing, and manufacturing of some of oil & gas completion tools

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Slickline Services Market Size, Share – Forecasts To 2026

Slickline Services Market Insights

The slickline services market is estimated to grow at a moderate CAGR during the forecast period. Aging reservoirs, lifting of Iranian oil export sanctions and increasing oil production among others are some of the factors driving the market growth of slickline services market across the globe. slickline equipment consists of jar, stem, gauge cutter, pulling tools, downhole bailer, lead impression block, sample bailer, stroke bailer among others.

The slickline services involve the placement and recovery of wellbore hardware such as plugs, gauges, and valves, which is dependent on drilling and production activities. Growth in upstream activities is expected to boost the market growth during the forecast period. Increasing number of wells completion has increased the demand for slickline services. However, the number of well completion was reduced to almost half during 2014 to 2016 due to the downturn in oil & gas industry, which has hampered the market growth. In year 2017 revival of drilling activities was witnessed in several countries such as Canada, U.S., U.A.E, and Iraq among others. Iranian Oil export sanctions were also lifted during the period, allowing the country to start exporting the oil. This has led to increase in E&P investments in the country, thereby increasing oil production.

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Slickline Services Market: By Location of Deployment

The slickline services market can be segmented based on location of deployment into onshore and offshore segment. Onshore segment is expected to hold the largest market share in terms of revenue. This strong hold can be attributed to various factors such as increasing demand for slickline services across the world, lower drilling cost of onshore fields, presence of large number of onshore sites, and increasing dependency on conventional oil & gas among others. The market growth can also be attributed to the ease of mobility in onshore regions, which permits multiple practices of slickline services. However market for offshore activity is expected to grow at high CAGR during the forecast period. This growth can be attributed to increasing offshore operations of oil & gas extraction, well completion, and logging operation. Increasing offshore oil and gas operations majorly in Middle East, Brazil, North Sea, Gulf of Mexico and the Caspian Sea is expected to increase the CAGR of slickline services during the forecast period.

Slickline Services Market: By Operation

The slickline services market can be segmented on the basis of operation into well completion, well intervention, and logging segments. Well completion segment is expected to hold the largest market share in the forecasted period owing to increased drilling of conventional oil & gas fields in the onshore regions across the globe. Other factors such as rising demand for oil & gas products across the world has resulted in rapid increase in the offshore drilling and well completion activities. Stabilized crude oil price, and lower breakeven price has increased the drilling activities which in turn has increased the well completion activity.

Slickline Services Market: Regional Insights

North America holds the dominant position in the slickline services market and is anticipated to continue its dominance over the forecast period. The U.S and Canada are the major countries contributing to the growth of slickline services market. Increasing production of shale gas in U.S., and increased offshore production in the U.S Gulf of Mexico are some of the factors driving the market growth of slickline services in the region. Increasing number of well completion activities in North America is another factor driving the market growth for slickline services. North America accounts for approximately 50% of total active rig counts across the globe. The region amounts for large number of advanced rig counts which are equipped with various latest and advanced technologies for maintenance and effective monitoring, which is boosting the demand for slickline services. Moreover presence of key market players is another factor propelling the growth of sickline services market.

Slickline Services Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase slickline services over the coming years. Some companies which are currently using slickline services and are likely to purchase it in future such as Rio Tinto, BHP Billiton, Freeport McMoRan Copper & Gold, Glencore Xstrata, China Shenhua Energy, and Vale among others.

Slickline Services Market: Vendor Landscape

Slickline Services Market Share & Competitor Analysis

Some of the key players operating in the slickline services market are Halliburton Company, Schlumberger Limited, Baker Hughes Incorporated, Superior Energy Services, Weatherford International PLC, Pioneer Energy Services Corp., Archer Limited, C&J Energy Services Ltd., Basic Energy Services, Inc., National Oilwell Varco, Inc., Reliance Oilfield Services, and Altus Intervention among others.

In January 2017, Schlumberger Limited announced successful acquisition of Peak Well Systems, the company is engaged in the designing and manufacturing of advanced downhol tools to extend well life, and restore well integrity.

In April 2016, Schlumberger Limited signed an agreement to acquire Meta Downhole, the company offers downhole isolation products using its METAMORPHOLOGY technology.

In October 2010, Baker Hughes completed the acquisition of JOA Oil & Gas, the company offers reservoir and geological simulation software and also incorporates support and services for oil & gas industries.

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Global Mining Equipment Market Size, Trends & Analysis – Forecasts To 2026

Mining Equipment Market Insights

The mining equipment market is estimated to grow at a significant CAGR during the forecast period. Increased development of electric and autonomous mining, upcoming emission regulations, and increase in demand for minerals and metals are some of the major factors driving the market growth of mining equipment. The mining industry is currently witnessing a positive phase, with increase in commodity price, and augmented demand for raw material is further expected to boost the market growth. However, growth of the market is majorly driven by the increased demand of high priced metals like copper, gold, and other ores.

Growing drilling and exploration activities across the world is one of the major factors which are expected to drive the market growth over the forecasted period. Increased investments and adoption of automated technologies in the sector has directed to the improved use of connected and smart solutions. Furthermore the market has also witnessed the adoption of big data analytics which helped in reduction of operational costs and improved processes. Data analytics is used in many phases involved in mining processes to ensure workers safety and security, facilitate smart collaboration, and smarter procurement of equipment.

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Mining Equipment Market: By Equipment Category

The mining equipment market can be segmented based on equipment Category into crushing, pulverizing & screening equipment, drills & breakers, mineral processing equipment, surface mining equipment, and underground mining equipment. The crushing, pulverizing and screening equipment segment is expected to hold the largest market share during the forecast period. The equipment is used to break down large stones, rocks and other materials into smaller pieces. In general crushing equipment is a part of material handling plants. There are different types of crushers and each of them serves their unique purpose such as jaw, cone, glass, split feed, stone, and gyratory crushers. The screening equipment finds its application in separation of materials from each other. These equipment are most important and essential equipment, hence they are readily used in the mining and exploration activities. However, underground equipment is anticipated to be the fastest growing mining equipment because of increased closed mining activity in search of precious metals and minerals.

Mining Equipment Market: By Industry

The mining equipment market can be classified on the basis of industry into metals, minerals, and coal. Metal mining industry is anticipated to witness a steady growth during the forecast period owing to increase in disposable income and improved standard of living which has fueled the demand for high priced metals such as silver, gold, platinum among others. Other metals such as zinc, lead, aluminum, nickel and copper are increasingly used in several industrial sectors such as chemical, construction, and energy and utility in order to perform manufacturing operations.

Mining Equipment Market: By Propulsion

The mining equipment market can be segmented on the basis of propulsion type into diesel, gasoline, and CNG/LNG/others. Diesel segment is expected to hold the largest market share in the forecasted period owing to better fuel economy and better acceleration over gasoline and others. However, CNG/LNG/others is anticipated to witness highest CAGR during the forecast period owing to its unique properties such as the cleanest burning fuel, thereby emitting fewer greenhouse gas and tailpipe emission, reduced fuel cost, performance advantage under both hot or cold weather condition, safety advantage, and favorable government regulations among others.

Mining Equipment Market: Regional Insights

Asia Pacific is expected to hold the largest market share in terms of revenue during the forecast period. The market has witnessed growth in the region because of increasing mining activities to fulfill the demand for raw materials. Moreover many international companies have also increased their presence in the region due to growing mining and exploration activities in the region. The major factor behind the growth of Asia Pacific mining equipment market can be accredited to the economic growth and development of emerging economies such as India, China, and Australia among others. Other factors such as new projects of thermal power energy have drastically increased the demand for coal mining in China. Presence of small players in Asia Pacific region is also expected to increase the demand of mining equipment in the region. Increased investment and innovation by the key market players have boosted the market of mining equipment. North America is expected to hold the second largest market share in terms of revenue, followed by Latin America and Africa. High disposable income of the population coupled with favorable government schemes, has increased the demand for precious metal in these regions which in turn is anticipated to increase the mining equipment market in the region.

Mining Equipment Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase mining equipment over the coming years. Some companies which are currently using mining equipment and are likely to purchase it in future such as Fresnilo, Anglo American, Newmount Mining, Coal India, Barrick Gold, and Vale among others

Mining Equipment Market: Vendor Landscape

Mining Equipment Market: Share & Competitor Analysis

Some of the key players operating in the mining equipment market are Komatsu, Caterpillar, Volvo Construction Equipment, Sandvik, Doosan Infracore, Liebherr, Caterpillar and Atlas Copco AB among others.

In July 2018, Sandvik announced that they have signed an agreement to acquire Inrock, the company is one of the leading suppliers of rock drilling tools and services for Horizontal Directional Drilling in North America.

In March 2018, Liebherr developed and established a new facility in Rognac, France. The facility is built over an area of 43,000 square meters.

In April 2017, Komatsu successfully acquired Joy Global for USD 3.7 billion; the company is engaged in the manufacturing of underground mining equipment.

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