Friday, September 21, 2018

Marine Engines Market To Hit $13.53 Billion by 2021



The global marine engines market is expected to grow from an estimated USD  11.14 Billion in 2016 to USD 13.53 Billion 2021 at a CAGR of 3.85%. Growth in the marine engines market will be majorly driven by rise in the ship-building industry as well as increased maritime trade and stringent emission norms.

Browse 75 market data tables and 49 figures spread through 165 pages and in-depth TOC on “Marine Engines Market by Power’000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region - Global forecast to 2021”

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Asia-Pacific will dominate the marine engines market

Asia-Pacific will remain the largest market for marine engines for the projected period 2016 to 2021. The growth will be mainly driven by rise in the ship-building industry in China as well as Japan and South Korea. China, Japan, and South Korea constituted more than 80% of ship-building activity in 2015, and more investments, particularly in China, for the ship-building industry. Another factor attributing to the growth will be rise in maritime trade in South-east Asia spearheaded by China and other emerging economies in the region such as Indonesia.


Target Audience:
The report’s target audience includes:
·         Marine engines manufacturers
·         Ship-building companies
·         Marine engines ancillary parts suppliers
·         Government and Industry Associations
·         Investment and Consulting Firms

Commercial vessels will continue to remain the largest market for marine engines by vessel type

Commercial vessels, as a consequence of increased ship-building orders for gas carriers and bulk carriers, will continue have the largest market share for marine engines by vessel type, largely driven by rising economic growth in South Asia and South-east Asia. There will also be an increased demand for pleasure vessels in Europe and North America especially in yachts and luxury cruises.

Stringent emission norms will increase demand for gas-powered and dual-fuel marine engines

HFO (Heavy Fuel Oil) based marine engines have always dominated the marine engines market, and will continue to hold the larger share in the marine engines market segment by fuel type. With, recent emission norms announced by IMO and other organizations such as US EPA, there will be an increase in share of the cleaner-fuel mix segments of marine engines as a result of an increased demand for marine engines based on IFO, MDO, MGO, and dual-fuel marine engines as well as gas-powered marine engines.


Major market players
Major market players covered are MAN Diesel & Turbo SE (Germany), Wärtsilä (Finland), Caterpillar, Inc. (U.S.), Mitsubishi Heavy Industries (Japan), and Rolls-Royce Power Systems AG (Germany) and others.

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.

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

Thursday, September 20, 2018

Global Hybrid Power Solutions Market Significant Growth 2016-2021 Siemens AG, Huawei Technologies, ZTE Corporation, Flexenclosure



The report "Hybrid Power Solutions Market by System Type (Solar-Diesel, Wind-Diesel, Solar-Wind-Diesel), Power Rating (Upto 10 kW, 11 kW–100 kW, and Above 100 kW), End-User (Residential, Commercial, Telecom), and Region - Global Forecast to 2021",

The hybrid power solutions market is expected to grow at a CAGR of 8.1% from 2016 to 2021, to reach a market size of USD 689.5 million by 2021. Growth in hybrid power generation in off-grid sites, reliable power generation with minimized fuel, and reduced operation and maintenance cost, and reduction in carbon emission are the major drivers of the hybrid power solutions market.

The hybrid power solutions market is dominated by a few global players that have an extensive regional presence and are established brand names. Leading players in the hybrid power solutions industry include SMA Solar Technology AG (Germany), Siemens AG (Germany), Huawei Technologies Co., LTD (China), ZTE Corporation (China), Flexenclosure AB, LTD (Sweden), and Heliocentris Energy Solutions AG (Germany) among others.


Solar-diesel segment is estimated to be the fastest growing market for hybrid power solutions from 2016 to 2021. Solar-diesel hybrid power solutions are a combination of solar PV panels and diesel generators. Solar-diesel hybrid power solutions has maximum market share in total hybrid power solutions. The main reason behind maximum share is falling price of solar PV panels and huge availability of solar power in Africa and Asia-Pacific region. Availability of solar power is more than wind power which helps solar-diesel hybrid to capture most of the market share.


Upto 10 kW rated hybrid power systems are estimated to be the fastest growing market for hybrid power solutions during the forecast period. Upto 10 kW rated solar hybrid power solutions are largely applicable for residential or home network and a few commercial systems. Based on end-user, the residential segment is estimated to be the fastest growing market during the forecast period. Demand for residential systems is mainly driven in rural areas of Asia-Pacific and African countries for lighting and domestic purpose for small residential sector users.

Target Audience:
The report’s target audience includes:
·         Hybrid power solutions providers
·         Solar PV panels and wind turbines manufacturers
·         Battery storage manufacturers
·         Regional renewable energy associations
·         Government organizations and research institutions
·         Consulting companies in the energy & solar sector
·         Solar and wind energy associations
·         Environmental associations
·         Investment banks


The Middle East & African market is projected to be the fastest growing for hybrid power solutions from 2016 to 2021. The Middle East & African market’s growth is driven by oil & gas industry operation and residential sectors. UAE, Nigeria, Mali, and Senegal are expected to witness significant growth during the forecast period. UAE is one of the key players in oil & gas industry. Approximately 40% of country’s GDP is contributed from oil and gas industry. UAE and the other Middle Eastern countries have low rural electrification rate, where installing hybrid power solutions will ensure reliable power supply, at oil and gas sites and residential sectors situated at off grid areas.

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.

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

Wednesday, September 19, 2018

Oil & Gas Pumps Market Size is Projected to be Worth $10.36 Billion by 2023



The global Oil and Gas Pumps Market industry is projected to reach USD 10.36 billion by 2023 from an estimated USD 8.47 billion in 2018, at a CAGR of 4.12%. This growth can be attributed to the increasing unconventional resources in the North American, South American, and Asia Pacific regions and development of gas terminals.

Browse 85 market data Tables and 36 Figures spread through 142 Pages and in-depth TOC on "Oil & Gas Pumps Market by Type (Centrifugal, Positive Displacement (Screw Pumps, Reciprocating Pumps, Rotary & Gear Pumps, Progressive Cavity Pumps), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2023"

Early buyers will receive 10% customization on reports.

The centrifugal pump segment is expected to hold the largest share of the pumps market in oil & gas industry, by type, during the forecast period.

The centrifugal pump segment is estimated to dominate the pumps market in oil & gas industry in 2018 and is projected to have the largest market share during the forecast period. Centrifugal pumps are preferred for processes that handle low viscosity liquids and high flow rates. Various types of centrifugal pumps are used in a wide variety of applications. The ability of these pumps to be used across various applications has resulted in their higher market share.

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The midstream segment is expected to hold the largest share of the pumps market in oil & gas industry, by application, during the forecast period.

The midstream segment is estimated to dominate the pumps market in oil & gas industry in 2018 and is projected to have the largest market share during the forecast period. The midstream oil activities mainly include transportation of crude oil and refined products over land, using a network of pipes and pumping stations as well as trucks and rail cars. The growth of unconventional resources is creating the need for an expanded midstream network of pipelines, rail, tankers, and terminals. This is expected to drive the pumps market in the midstream segment.


North America: The leading market for pumps in oil & gas industry

In this report, the pumps market in oil & gas industry has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America.  North America is estimated to dominate the global pumps market in 2018 owing to the growth in unconventional resources in the US and Canada. The demand from the onshore & offshore fields in the Gulf of Mexico is also likely to impact the pump market positively during the forecast period.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the oil & gas pumps market. The key players include Flowserve (US), Sulzer (Switzerland), KSB (Germany), Weir Group (UK), and Grundfos (Denmark). The leading players are adopting various strategies to increase their shares in the pumps market in oil & gas industry.

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.

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

Hydrogen Energy Storage Market Projections: Europe in Focus

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