Floating Production Storage Offloading Market 2019-2024 Bumi Armada, Shell, BP, ExxonMobil, Petrobras, Chevron, MODEC, Teekay, SBM Offshore, BW Offshore

According to the new market research report "Floating Production Storage and Offloading Market by Type (New-Build & Converted), Hull Type (Single & Double), Propulsion (Self-propelled & Towed), Usage (Shallow water, Deepwater & Ultra-Deepwater), and Region - Global Forecast to 2024" , the global Floating Production Storage and Offloading Market is projected to reach USD 26.0 billion by 2024 from an estimated USD 19.5 billion in 2019, recording a CAGR of 5.9% during the forecast period. The increasing number of offshore exploration & production activities and rise in deep- and ultra-deepwater oil & gas production are factors projected to drive the growth of the Floating Production Storage and Offloading Market, globally.

The converted segment is projected to dominate the floating production storage & offloading market during the forecast period.

Converted FPSOs require lower modification cost and lesser construction time to build, as compared to the new-build FPSOs. This is projected to drive the demand for converted FSPOs in the Floating Production Storage and Offloading Market.

The self-propelled segment is projected to account for a major share in the floating production storage & offloading market during the forecast period.

The self-propelled segment is projected to dominate the Floating Production Storage and Offloading Market, on the basis of propulsion, during the forecast period. Self-propelled FPSOs offer low transportation costs and require less time to transport crude oil and natural gas to consumers. This is projected to drive the growth of the Floating Production Storage and Offloading Market during the forecast period.

Browse and in-depth TOC on “Floating Production Storage and Offloading Market”

66 - Tables

37 - Figures

122 - Pages

Ask for PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=159011573   

The double hull segment is projected to account for the largest share in the floating production storage & offloading market during the forecast period.

The double hull segment is projected to dominate the Floating Production Storage and Offloading Market, on the basis of hull type, during the forecast period. Double hull FPSOs offer higher protection from marine pollution and water ingression than the single hull FPSOs. This factor is projected to drive the demand for double hull FPSOs in the Floating Production Storage and Offloading Market during the forecast period.

The shallow water segment is projected to dominate the floating production storage & offloading market throughout the forecast period.

The shallow water segment is projected to dominate the Floating Production Storage and Offloading Market during the forecast period. FPSOs used in shallow water is required to meet all the regulatory requirements and are cost-efficient, which is projected to drive their demand in the Floating Production Storage and Offloading Market.

The Americas is projected to dominate the global floating production storage & offloading market during the forecast period.

Increasing focus on offshore exploration & production activities in deep- and ultra-deepwater is projected to drive the growth of the Floating Production Storage and Offloading Market in the Americas. High demand for FPSOs in countries, such as Brazil and Mexico, is further projected to drive the growth of the Floating Production Storage and Offloading Market.

Request for sample pages of the report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=159011573

To offer an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players, such as Bumi Armada (Malaysia), Shell (Netherlands), BP (UK), ExxonMobil (US), Petrobras (Brazil), Chevron (US), MODEC (Japan), Teekay (Bermuda), SBM Offshore (Netherlands), and BW Offshore (Norway).

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.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Email: newsletter@marketsandmarkets.com

Latest Trending Report on Motor Control Centers Market 2019 – Witness Massive Growth by Key Players ABB, Ltd., Schneider Electric SE, Siemens AG, Eaton Corporation, PLC, Rockwell Automation

According to the new market research report "Motor Control Centers Market by Type (Intelligent and Conventional), Voltage (Low and Medium), End-User (Industrial and Commercial), Standard (IEC and NEMA), Component, and Region - Global Forecast to 2024" published by MarketsandMarkets™, The global Motor Control Centers Market is expected to grow from an estimated value of USD 5.3 billion in 2019 to USD 6.8 billion by 2024, at a CAGR of 5.0%, from 2019 to 2024. The global market is set to witness significant growth owing to the growing demand for industrial automation in developed regions and regulations promoting energy saving across major industries.

The low voltage segment is expected to hold the largest share of the Motor Control Centers Market, by voltage, during the forecast period

The low voltage segment includes up to 1 kV motor control centers. This segment is expected to hold the major share in 2019 owing to the widespread adoption of low voltage motors in various industries globally. Low voltage motor control centers are mainly used in the chemical & petrochemical, cement & manufacturing, food & beverage, oil & gas, and metals & mining. Asia Pacific is the largest low voltage Motor Control Centers Market because of rapid industrialization and urbanization in countries such as China and India. All these factors are expected to boost the low voltage Motor Control Centers Market.

Busbars are an alternative to traditional cabling and the largest Motor Control Centers Market, by component, during the forecast period

The busbars segment held the largest share of the Motor Control Centers Market in 2018. A busbar is the most important component of a motor control center as it acts as a common voltage point for all electrical equipment connected to the motor control center. The increase in the flexibility, efficiency, and reliability of busbars, and the elimination of the need for additional wires have led to the rising demand for busbars in the Motor Control Centers Market. Busbars are mainly used in utilities and industrial applications to deliver power to buildings and electrical loads, respectively.

Browse and in-depth TOC on “Motor Control Centers Market”

169 - Tables

38 - Figures

209 - Pages

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227058918  

The industrial segment is expected to be the fastest growing end-user of the Motor Control Centers Market

The industrial end-users of the Motor Control Centers Market is segmented into oil & gas, metals & mining, utilities, chemical & petrochemical, cement & manufacturing, and food & beverage industries. The industrial segment is expected to be the fastest growing Motor Control Centers Market from 2019 to 2024 owing to the inclination toward motorized automation worldwide. Moreover, increasing demand for electric motors in the aforementioned industries is also expected to drive the industrial segment of the Motor Control Centers Market.

Asia Pacific is expected to dominate the global Motor Control Centers Market

Asia Pacific is expected to dominate the global Motor Control Centers Market owing to the increasing industrialization and electricity demand in the region. China is expected to dominate the Asia Pacific Motor Control Centers Market. The motor control centers’ markets in countries such as China, India, and Japan are expected to grow at high rates. Increasing power generation capacity additions and industrialization projects in these countries are the main reasons spurring the growth of the Motor Control Centers Market.

Request Sample Pages of the Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=222051400

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Motor Control Centers Market. These include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Siemens AG (Germany), Eaton Corporation, PLC (Ireland), and Rockwell Automation, Inc. (US). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their respective market share.

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.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Email: newsletter@marketsandmarkets.com

Lead Acid Battery Market Projected to Reach $52.5 billion by 2024 At a CAGR of 4.7% from 2019 to 2024

According to the new market research report "Lead Acid Battery Market by Technology (Basic, Advanced Lead Acid), Type (Stationary, Motive), Construction Method (Flooded, VRLA), End-User (Utilities, Transportation, Industrial, Commercial & Residential), and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global Lead Acid Battery Market is projected to reach USD 52.5 billion by 2024 from an estimated USD 41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. This growth can be attributed to factors such as the need to integrate renewable energy to the main grid, and the booming data industry promising the installation of several data centers across the globe, which expects the utilization of lead acid batteries for backup power supply.

The VRLA segment is expected to be the largest Lead Acid Battery Market, by construction method, during the forecast period

The Valve Regulated Lead Acid (VRLA) segment is expected to be the largest market during the forecast period. The VRLA batteries comprise absorbent glass mat (AGM) and gel cells. These are new technology-driven construction methods, including the presence of adsorbent glass material and silica gel, respectively. These methods ensure the longevity of the batteries and require less maintenance compared to regular lead acid batteries. In the times to come, these batteries are likely to be preferred over conventional flooded lead acid batteries due to their various advantages.

Browse and in-depth TOC on “Lead Acid Battery Market”

70 - Tables

50 - Figures

150 - Pages

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=161171997   

The advanced lead acid battery is expected to be the fastest-growing segment of the Lead Acid Battery Market, by technology, during the forecast period

The advanced lead acid battery has carbon coatings on the anode plate, which eliminates the requirement of cleaning the lead sulfate deposition on the electroplate. At the same time, the life of the anode electrode is enhanced, eventually increasing the overall life of the battery set. It provides benefits like rapid charging on regenerative breaking. This is a significant advantage of advanced lead acid batteries, as this task is difficult to achieve with regular lead acid batteries. Although comparatively heavier and larger than lithium-ion, these batteries are cost-effective, efficiently operating at low and subfreezing temperatures, and does not require active cooling.

Asia Pacific to account for the largest share of the global Lead Acid Battery Market

In this report, the Lead Acid Battery Market has been analyzed with respect to five regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. The Asia Pacific region is estimated to dominate the global Lead Acid Battery Market in 2019, owing to the requirement of cost-effective energy solutions. The presence of a large automotive and manufacturing base in the region is expected to be the key driver for market growth. Increasing energy consumption in the area due to rapid industrialization and urbanization is expected to propel the growth of the market over the forecast period.

Request for sample pages of the report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=161171997

The report includes the profiles of some of the top players in the Lead Acid Battery Market to enable an in-depth understanding of the competitive landscape. Some of the key players are EnerSys (US), Exide Industries (India), GS Yuasa (China), Clarios (US), Panasonic (Japan), Chaowei Power (China), Narada Power (China), HBL Power Systems (India), Crown Battery (US), NorthStar (Sweden), Hitachi Chemical (Japan), Exide Technologies (US), Teledyne Technologies (US), East Penn (US), Hankook AltasBX (Korea), HOPPECKE (Germany), C&D Technologies (US), Rolls Battery (Canada), Camel Power (Malaysia), Amara Raja Power System (India), XUPAI Battery (China), Okaya Power (India), Leoch International Technology (Hong Kong), Harbin Coslight Power (China), and First National Battery (South Africa). The leading players are adopting various strategies to increase their share in the Lead Acid Battery Market.

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.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Email: newsletter@marketsandmarkets.com