Hybrid Power Solutions Market – Market Upcoming Trend by Worldwide Industry Growth, Statistics, and Opportunities: SMA Solar Technology AG, Siemens AG and Huawei Technologies Co. LTD.

The global hybrid power solutions market is projected to grow at a CAGR of 8.1% from 2016 to 2021. The Middle East & Africa region is estimated to be the largest market, followed by Asia-Pacific; the trend is expected to continue till 2021. The growth of the hybrid power solutions market is driven by growth in hybrid power generation in off-grid sites; reliable power generation with minimized fuel, reduced operation, and maintenance cost; and reduction in carbon emission.

Browse 68 Market Data Tables and 47 Figures spread through 131 Pages and in-depth TOC on"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"

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The hybrid power solutions market is dominated by a few global players. Some of the key players operating in the hybrid power solutions market are 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.

Key strategies adopted by players in the hybrid power solutions market include contracts & agreements, new product developments/launches, mergers & acquisitions, partnerships, joint ventures, collaborations, and expansions. Contracts & agreements was the most commonly used strategy, constituting 65% of the total developments from 2013 to 2016. Industry players also widely adopted the strategy of new product developments/launches during the same period.

SMA Solar Technology AG is a subsidiary of the SMA Group. SMA provides innovative PV diesel hybrid solutions to meet the energy demand and supply efficient power to home, rural areas, and industries. The company is focusing on availing international growth opportunities, and hence, is continuously developing new photovoltaic products and enhancing its existing products. It has added many new hybrid power solutions to widen its product portfolio and provide solutions for both residential and commercial customers. SMA has installed PV diesel hybrid system in countries such as India, Lebanon, and Kingdom of Tonga. The company has huge opportunity in exploring Africa and the Middle East region for its PV diesel hybrid solutions, as these regions are the fastest growing markets for telecommunications. In late 2015, SMA America partnered with Farm from a Box to develop an off-grid toolkit for food production. The toolkit comprised 10 high-efficiency solar modules, an SMA Sunny Island 6048-US off-grid inverter, SMA Sunny Boy 3000TL-US inverter with Secure Power Supply, SMA Sunny Web Box remote monitoring solution, SMA Smart former transformer and distribution box, and deep-cycle batteries for energy storage. The array is supported by a 3,000-watt generator.

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Siemens AG provides hybrid power solutions as a part of renewable energy under its energy business vertical. The company provides technology-based solutions depending upon load and locally available renewable resources (wind or solar) and economical, reliable, and environmental energy. Siemens partnered with other hybrid solutions provider such as Danvest, which would help the company to explore more markets and industries. Recent partnership with Danvest helped Siemens to explore the mining industry market which is a potential market for hybrid power solutions. The company’s “one stop shop” would help clients to meet their energy requirements. In 2015, Siemens partnered with Danvest Energy and Eurus Energy to provide hybrid power solutions to the Australian mining industry. This project was worth USD 300 million and generated 30 MW power for mine sites.

Cryogenic Equipment Market Analysis and In-depth Research on Market Size, Trends, Emerging Growth Factors and Forecasts

The cryogenic equipment market is expected to grow from an estimated USD 16.18 Billion in 2016 to USD 22.42 Billion by 2021, at a CAGR of 6.74% from 2016 to 2021. Factors such as increasing demand for LNG and improving healthcare services, especially in the developing economies are driving the market globally.

                                                                           

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Market Ecosystem

The cryogenic equipment market starts with the manufacturing of equipment such as tanks, valves, vaporizers, and pumps, among others

To provide an in-depth understanding of the competitive landscape, the report includes profiles of companies, namely, Linde Group AG (Germany), Flowserve Corporation (U.S.), Air Liquide (France), VRV S.p.A. (Italy), Chart Industries, Inc. (U.S.), Parker Hannifin (U.S.), INOX India Limited (India), Wessington Cryogenics Ltd. (U.K.), Taylor Wharton Cryogenics LLC (U.S.), Herose GmbH (Germany), Graham Partners (U.S.), Emerson (U.S.), Cryoquip LLC. (U.S.), Cryofab, Inc. (U.S.), and Beijing Tianhai Industry Co., Ltd. (China). Dominant players are trying to penetrate developing economies and are adopting various methods to grab the market share.

Tanks would dominate the global cryogenic equipment market

The cryogenic equipment market in this report has been classified based on product type into the following segments, namely, tanks, valves, vaporizers, pumps and other equipment. The tank segment dominated the cryogenic equipment market in 2015. Tanks are the most expensive cryogenic equipment and hence hold the largest part of the market share. Cryogenic tanks are widely used for storing liquefied gases such as oxygen, nitrogen, and argon, among others.

Stakeholders:

The stakeholders included in this report are as follows:

·         Cryogenic equipment manufacturers, dealers, and suppliers

·         Cryogenic gases/liquid merchant producers, suppliers, and dealers

·         Cryogenic plant developers and service providers

·         LNG dealers

·         Oil & gas companies

·         Consulting companies in the E&P sector

·         Cryogenic and cold storage associations

·         Power and energy associations

·         Shareholders and investors

·         Investment banks

Nitrogen is the largest cryogen type-based market segment

The nitrogen segment holds the largest market size. This is because liquid nitrogen is used in almost all industries including food & beverage, healthcare, metallurgy and electronics among others. It is used for a wide variety of things, such as a coolant for computers, food preservation & packaging applications, among others. Moreover, the demand for liquid nitrogen in these industries for the mentioned applications is growing day by day. Hence, the market size of the cryogenic equipment used to handle liquid nitrogen is the largest.

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Asia-Pacific is the dominant market for cryogenic equipment

Asia-Pacific is currently the largest market for cryogenic equipment. In Asia-Pacific, the growth of the cryogenic equipment market can be attributed to factors such as increasing investments in the energy sector and substantial growth in other end-user industries such as food & beverage and electronics among others in this region. Meanwhile, fastest growth is expected from the Middle Eastern market, due to the large number of LNG producers and rapid growth in chemical and healthcare industries where the cryogenic equipment are vital.

Objectives of the study:

·         To analyze the cryogenic equipment market based on product type, cryogen type, end-user, and region

·         To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the overall market

·         To analyze major driving factors, restraints, opportunities, burning issues, and winning imperatives in the cryogenic equipment market

·         To analyze trends and forecasts of the cryogenic equipment market and its subsegments

·         To analyze the major stakeholders in the cryogenic equipment market and provide a detailed competitive landscape for the leading players of the industry

·         To analyze the industrial trends in major regions, namely, North America, Asia-Pacific, Europe, South America, Africa, and the Middle East

·         To analyze competitive developments, such as contracts & agreements, expansions, new product launches and mergers & acquisitions in the global cryogenic equipment market, and profile the major players of the market

Oilfield Services Market Latest Industry Trends & Forecast to 2017-2022

The oilfield services market is expected to grow at a CAGR of 3.35%, from 2017 to 2022, to reach a market size of USD 125.51 billion by 2022. Increasing shale gas production, growing global E&P spending, and lifting of Iranian oil export sanctions are the major drivers of the oilfield services market.

The oilfield services market is dominated by a few major players that have a wide regional presence and are established brand names. Leading players in the oilfield services market, such as Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), Superior Energy Services, Inc. (U.S.), and GE Oil & Gas (U.K.), have either acquired regional companies or made a joint venture with the ones operating in the oilfield services market to bolster their product portfolio and to enhance their global reach.

Browse 86 Market Data Tables and 113 Figures spread through 248 Pages and in-depth TOC on"Oilfield Services Market by Application (Onshore and Offshore), Service (Well Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services, Pressure Pumping Services, OCTG, and Wireline Services), and Region - Global Forecast to 2022"

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Key Questions

·         How is the current oil price scenario affecting the oilfield services market and what is your view on how the market is expected to perform in the coming years?

·         What are the upcoming technologies that will have a significant impact on the market in the future?

·         What will be the revenue pockets for the market in the next 5 years?

·         Kindly validate the drivers, restraints, opportunities, and challenges of the oilfield services market, and let me know if I am missing anything?

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With regard to the application segment, the offshore segment is expected to constitute the fastest growing market from 2017 to 2022. In terms of market size, the onshore segment would dominate the oilfield services market. Onshore application are quite famous in the Middle East and North America, where maximum number of oilfields are located onshore.

The report segments the oilfield services market, based on services type, into pressure pumping services, OCTG services, wireline services, well completion equipment and services, well intervention services, drilling and completion fluids services, drilling waste management services, and coiled tubing services. The pressure pumping services would account for the maximum share in the oilfield services market. This particular market is expected to grow in the future as a result of shale gas exploration and production activities in North America. Moreover, Asia-Pacific and Africa also present opportunities as offshore exploration activities are on rise in these regions.

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The market in Asia-Pacific is estimated to be the fastest growing market for oilfield services from 2017 to 2022. Increasing offshore exploration activities and shale gas exploration, especially in China and India are driving the demand for oilfield services market in this region. The growing need for oil & gas and the continuing efforts to find new oil & gas reserves are also expected to spur the growth of the market and represents a promising opportunity for major oilfield services providers.

Objectives of the Study

·         To define, describe, and forecast the global oilfield services market by application, services, and region

·         To provide detailed information regarding major factors influencing the growth of the oilfield services market (drivers, restraints, opportunities, and industry-specific challenges related to the market)

·         To strategically analyze the oilfield services market with respect to individual growth trends, future prospects, and contribution of each segment to the market

·         To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders

·         To forecast the market size of segments with respect to six major regions (along with countries), namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa

·         To strategically profile key players and comprehensively analyze their market shares and core competencies for the oilfield services market

·         To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and expansions in the oilfield services market