Wednesday, February 6, 2019

Oilfield Equipment Rental Market is projected to reach USD 20.55 billion, by 2022



According to the new market research report "Oilfield Equipment Rental Market by Equipment (Drilling Equipment (Drill Pipe, Drill Collars, Hevi-Wate, and Subs), Pressure & Flow Control Equipment, and Fishing Equipment), Application (Onshore and Offshore), and Region - Global Forecasts to 2022", published by MarketsandMarkets™, the oilfield equipment rental market is expected to grow from an estimated USD 16.99 Billion in 2017 to USD 20.55 Billion by 2022, at a CAGR of 3.87%. The global oilfield equipment rental market is set to witness growth, due to technological advancement in oilfield equipment and increase in global investments in exploration and production.

Don’t miss out on business opportunities in Oilfield Equipment Rental Market. Download PDF Brochure and gain crucial industry insights that will help your business grow:

The drilling equipment is expected to hold the largest share of the oilfield equipment rental market, by equipment, during the forecast period

The drilling segment dominated the oilfield equipment rental market during the forecast period. Extensive shale mining is being carried out in North America and technological advancement in the drilling equipment used in such unconventional shale reserves is expected to drive the drilling equipment segment.

Browse and in-depth TOC on "Oilfield Equipment Rental Market"
66 - Tables
81 - Figures
182 - Pages

View more detailed TOC @

Onshore is the largest segment in the oilfield equipment rental market

With regard to the application segment, onshore segment in the oilfield equipment rental market is expected to be the largest market in 2017. Rising demand for rental equipment from China, Southeast Asia, and the Middle East would drive the onshore segment. The presence of huge onshore shale reserves in the U.S. and Australia, is likely to boost the demand for onshore oilfields.

North America: The leading market for oilfield equipment rental

North America is expected to dominate the global oilfield equipment rental market, given growing unconventional hydrocarbon production in the region.  The region is the new swing producer in global oil markets owing to the boom in production from both shale operations and deepwater exploration and production in the Gulf of Mexico. Exploration and production activities in the region are also expected to gain momentum with increased capital spending by major oil companies. All these factors are expected to drive the North American oilfield equipment rental market.

Equipment rental market is expected to be the largest from onshore application due to the increasing exploration and production activities

Onshore

Onshore activities are typically higher compared to offshore, and so are the respective rental needs on the oilfield equipment. Increasing demand for rental equipment from China, Southeast Asia, and the Middle East is expected to drive demand growth in the onshore segment. Also, huge shale reserves in the US and Australia are likely to augment the demand from onshore oilfields. In 2016, onshore rig count stood around 97% in North America, and 87% in the Middle East.

Offshore

Offshore oil and gas activities are highly capital-intensive. The Gulf of Mexico, and the North Sea regions dominate the offshore market for equipment rentals. West Africa, Malaysia, and the offshore regions of Venezuela and Brazil are emerging markets with slightly swift growth rates.


To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the oilfield equipment rental market. These players include Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), Superior Energy Services, Inc. (U.S.), Oil States International, Inc. (U.S.), Parker Drilling Company (U.S.), Bestway Oilfields (U.S.), Certified Oilfield Rentals, LLC (U.A.E.), Circle T Service & Rental, Ltd. (Canada), Ensign Energy Services, Inc. (Canada), John Energy, Ltd. (India), Key Energy Services (U.S.), Seventy Seven Energy, Inc. (U.S.), KIT Oil & Gas (U.A.E.), Black Diamond Group (Canada), Savanna Energy Corporation (Canada), TechnipFMC, PLC (U.K.), Amik Oilfields Equipment & Rentals (Canada), Basic Energy Services (U.S.), Bois Equipment Rentals BV (Netherlands), Harpoon Energy (Canada), Heat Oilfield, Ltd. (Canada), Precision Drilling Corporation (Canada), Stallion oilfield Holdings, Inc. (U.S.), and Wrangler Rentals (Canada) among others. Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

Browse Adjacent Markets @ Energy and Power Market Research Reports & Consulting

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, "Knowledge Store" 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
Email: sales@marketsandmarkets.com

Monday, February 4, 2019

Microgrid Control System Market to Capture Unparalleled Growth with A 13.01% CAGR Growth By 2023



According to the new market research report "Microgrid Control System Market by Grid- Type (On-Grid and Off-grid), Component (Hardware and Software), Ownership (Private and Public), End-User (Utilities, Campuses and institutions, Commercial, and Industrial), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Microgrid Control System Market is expected to grow from an estimated USD 2.0 billion in 2018 to USD 3.6 billion by 2023, at a CAGR of 13.01%. Increasing investments in electric networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the Microgrid Control System Market.  Rising electrification projects and advancement in the Internet of Things (IoT), as well as communication technologies, can lead to opportunities in the Microgrid Control System Market.

Don’t miss out on business opportunities in Microgrid Control System Market. Speak to our analyst and gain crucial industry insights that will help your business grow:

The off-grid segment is expected to hold the largest share of the Microgrid Control System Market, by grid-type, during the forecast period.

The off-grid segment led the Microgrid Control System Market in 2018 and is projected to have the largest market share during the forecast period. Remote/island/off-grid microgrids are mainly used to provide diverse power sources for geographically remote communities and developing countries. This growth can be attributed mainly to the growing demand to attain reliable and sustainable power supply majorly in rural areas of the Asia Pacific and the Middle East & Africa region. Also, these type of microgrid control systems have a huge demand in military bases, mining, and oil & gas industries. Increasing focus to reduce diesel fuel consumption by integrating solar PV and distributed wind further drives the Microgrid Control System Market.

Browse and in-depth TOC on "Microgrid Control System Market"
64 - Tables
31 - Figures
142 - Pages

View more detailed TOC @

The private segment is expected to hold the largest share of the Microgrid Control System Market, by ownership, during the forecast period.

The private segment led the Microgrid Control System Market in 2018. Factors such as increasing demand for electricity, rising power generation capacity, and increasing usage of renewable sources to generate electricity are expected to boost the demand for the private microgrid control systems. Private players find microgrid control system’s major application in defence, university campuses, and commercial and industrial end-users. Also, rising investments in electrification projects, in which microgrid technologies are highly deployed encourages private players to invest in the microgrid control system.

Asia Pacific: The leading market for Microgrid Control System Market

In this report, the Microgrid Control System Market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific led the global Microgrid Control System Market in 2017. The high growth rate in the Asia Pacific region can be attributed to increased investments in the electric grid development and growing reliance on renewable sources of power generation. China and India are the largest markets for Microgrid Control System Market in the region. China accounts for the largest share owing to the increasing investment in electrification projects, the country accounted for highest installed generation and distribution capacity in the Asia Pacific region, resulting in an increased demand for the microgrid control system.

Asia Pacific: The leading market for Microgrid Control System Market

In this report, the Microgrid Control System Market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific led the global Microgrid Control System Market in 2017. The high growth rate in the Asia Pacific region can be attributed to increased investments in the electric grid development and growing reliance on renewable sources of power generation. China and India are the largest markets for Microgrid Control System Market in the region. China accounts for the largest share owing to the increasing investment in electrification projects, the country accounted for highest installed generation and distribution capacity in the Asia Pacific region, resulting in an increased demand for the microgrid control system.


To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Microgrid Control System Market. The key players are ABB (Switzerland), GE (US), Siemens (Germany), Schneider (France), Eaton (Ireland), Emerson (US), Spirae (US), Schweitzer Engineering Laboratories, Inc.  (US), ETAP (US), S&C Electric (US), Woodward, Inc. (US), PowerSecure (US), RT SOFT (Germany), Ontech Electric Corporation (China). Contracts & agreements was one of the key strategies adopted by the players to strengthen their global presence and offerings.

Request for special pricing on bundle reports @ https://www.marketsandmarkets.com/RequestBundleReport.asp?id=242416568

Browse Adjacent Markets @ Energy and Power Market Research Reports & Consulting

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, "Knowledge Store" 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
Email: sales@marketsandmarkets.com

Tuesday, January 15, 2019

Leading Companies Covered in Global Industrial Control Transformer Market with Focusing on Top Key Players Like ABB, Siemens, Eaton, Schneider, GE, Hubbell, Emerson, Rockwell



According to the new market research report “Industrial Control Transformer Market by Phase (Single and Three), Power Rating (25–500 VA, 500–1,000 VA, 1,000–1,500 VA, and > 1,500 VA), End-User (Power Generation, Oil & Gas, Chemical, Metal & Mining), and Region - Global Forecast to 2023”, published by MarketsandMarkets™, the global industrial control transformer market is expected to grow from an estimated USD 809.2 million in 2018 to reach USD 1,039.8 million by 2023, growing at a CAGR of 5.14% from 2018 to 2023. The growth of this market is primarily driven by the increased usage of industrial control transformers across major industries, booming power sector and augmented power generation capacities worldwide, and need to reduce equipment failure caused by frequent voltage spikes.

Browse and in-depth TOC on “Industrial Control Transformer Market”
62 - Tables
36 - Figures
127 – Pages

Don’t miss out on business opportunities in Industrial Control Transformer Market. Download our PDF Brochure and gain crucial industry insights that will help your business grow:

Asia Pacific is likely to continue to be the largest market for industrial control transformers followed by North America till 2023. The global industrial control transformer market is dominated by major players such as ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider (France), GE (US), Hubbell (US), Emerson (US), and Rockwell (US).

View more detailed TOC @

Growth strategies adopted by key players in the industrial control transformer market include new product launches, expansions & investments, and mergers & acquisitions. Expansions & investments was the most widely adopted strategy by market players from 2014 to February 2018. Industry players also adopted new product launches to enhance their market shares.

ABB is a global engineering company primarily engaged in power, automation, and electrification technologies. It offers a wide range of products to various industries such as utilities, industrial, infrastructure, and transportation. The company operates through 4 divisions, namely, power grids, electrification products, robotics & motion, and process automation. It provides industrial control transformers through its power grid division. The power grid product segment provides a complete range of products from high- to extra-voltage solutions to its customers, such as transformers, T&D substations, Supervisory Control and Data Acquisition (SCADA) systems, microgrid solutions, transformers, HVDC systems, high-voltage switchgear, and FACTS. ABB has been consistently spending on its research & development activities to develop innovative products. For instance, in October 2016, the company introduced a free Total Cost of Ownership (TCO) tool to help its customers determine loss capitalization factors and compare different transformer alternatives.


Siemens is one of the leading German conglomerates that provides products and solutions for infrastructure, healthcare, and energy sectors. It conducts its operations through the following segments, namely, power & gas, energy management, building technologies, mobility, digital factory and process industries & drives, Healthineers, and Siemens Gamesa Renewable Energy. The energy management segment provides product & solutions for transmitting, distributing, and managing electrical power and intelligent power infrastructure. The company provides its products to power providers, transmission & distribution system operators, industrial companies, infrastructure developers, construction companies, distributors, and OEMs. North America and Asia Pacific were the key markets for the segment. The company focuses on its Vision 2020 roadmap to drive the performance through re-organizing its structures and responsibilities and enhancing management reliability. Its medium-term strategy is to strengthen its core businesses along with the entire value chain of electrification by allocating more resources for growing fields, scaling up high-growth businesses, and tapping new opportunities.

Request for special pricing on bundle reports @
https://www.marketsandmarkets.com/RequestBundleReport.asp?id=96246259

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

Residential Energy Storage Market worth $4.30 billion by 2030

The global  Residential Energy Storage Market  is anticipated to grow from estimated USD 2.67 billion in 2024 to USD 4.30 billion by 2030,...