PDC Drill Bits Market Emerging Trends, Business Opportunities, Segmentation and Forecast to 2023

The PDC drill bits market is expected to grow from an estimated USD 3.66 Billion in 2018 to USD 4.54 Billion by 2023, at a CAGR of 4.41% during the forecast period. This growth can be attributed to factors such as increasing oil & gas drilling activities in the world and need for advanced techniques for faster drilling in less downtime.

The report’s target audience includes:

• PDC drill bits manufacturers and suppliers
• PDC drill bits operators
• Oil & gas drilling operators
• PDC drill bits research institutes
• Government and research organizations
• Institutional researchers and professors
• National and local government organizations
• Research organizations and consulting companies
• Technology providers

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The matrix body segment is estimated to hold the largest share of PDC drill bits market, by type, during the forecast period

The matrix body segment held the largest share of the PDC drill bits market in 2017 and is expected to grow at a decent pace during the forecast period. The large market share of this segment can be attributed to the rising demand for faster drilling with less wear and tear of drill bits in medium-hard and hard formations.

The 6–10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017

The 6–10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017. The 6–10 blades of PDC drill bits are mainly used for higher Rate of Penetration (ROP) drilling in medium-hard formations. Countries such as the US, China, Saudi Arabia, and Oman are showing rapid growth in the 6–10 blades PDC drill bits segment because of the recent increase in shale gas production and oil drilling.

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North America: The leading regional market in PDC drill bits

In this report, the PDC drill bits market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America is estimated to be the largest market for PDC drill bits. The increasing shale gas exploration & production in the region is the major factor for the growth of the market.

The report provides an in-depth understanding of the competitive landscape and includes profiles of some of the leading players in the PDC drill bits market. The key players include Schlumberger (US), BHGE (US), Halliburton (US), NOV (US), Varel (US), Atlas Copco (Sweden), Ultera (US), Drill Master International (US), Sichuan Chuanshi Diamond Bit (China), Torquato (US), Rubicon Oilfield International (US), and Western Drilling tools (Canada), Shear bits (Canada), Volgaburmash (Russia). These players adopted various strategies, such as new product launches, contracts & agreements, and mergers & acquisitions to increase their global presence and market share.

Objectives of the study

• To define, describe, and forecast the PDC drill bits market, in terms of value, on the basis of type, size of PDC cutter, number of blades and region
• To provide detailed information about the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
• To estimate and forecast the size of the market, in terms of value, with respect to 6 main regions, namely, the Middle East, Africa, Asia Pacific (APAC), North America, Europe, and South America
• To study the individual growth trends and future prospects of PDC drill bits providers and analyze the key contributors in this market
• To strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market
• To track and analyze competitive developments such as contracts & agreements, mergers & acquisitions, and new product launches in the market
• To profile key market players and comprehensively analyze their market positions and core competencies

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 5000 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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Motor Control Centers Market Latest Trends, Development, Growth Analysis And Forecast by 2025

The global motor control centers market is expected to grow from an estimated value of USD 4.6 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 6.4%, from 2020 to 2025. 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 2020 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.

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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 2019. 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.

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 industrialsegment is expected to be the fastest growing motor control centers market from 2020 to 2025 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.

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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.

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 (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and Rockwell Automation (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.

Report Objectives:

• To define, describe, and forecast the global motor control centers market on the basis of type, voltage, component, standard, end-user, and region
• To provide detailed information regarding the major factors influencing the growth of the motor control centers market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the motor control centers market with respect to individual growth trends, future prospects, and contributions of each segment to the market
• The impact of the COVID-19 pandemic on the motor control centers market has been analyzed for the estimation of the market size.
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
• To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes the market players on various parameters within the broad categories of business and product strategies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the motor control centers 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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

DC Circuit Breaker Market – Global Overview by Size, Share, Growth, Trend and Forecast Till 2024

Global DC Circuit Breaker Market Overview

The DC circuit breaker market is expected to grow from an estimated USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a CAGR of 6.54%. Increasing investments in the electrical networks, increasing demand for reliable and secure power supply worldwide, and growing adoption of renewable energy sources across the globe are likely to drive the DC circuit breaker market. Aging Power Infrastructure, rising electrification projects and adoption of the HVDC technology, can lead to opportunities in the DC circuit breaker market.

The medium voltage segment is expected to hold the largest share of the DC circuit breaker market, by voltage, during the forecast period.

The medium segment led the DC circuit breaker market in 2019 and is projected to have the largest market share during the forecast period. This growth can be attributed mainly to the growing demand to attain reliable and sustainable power supply mostly in rural areas of the Asia Pacific and the Middle East & Africa region. Increasing investments in aging electrical infrastructure in transmission and distribution networks and the rising need to protect electrical circuit equipment further drives the medium voltage DC circuit breaker market.

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By insulation, the vacuum segment led the DC circuit breaker market, during the forecast period.

The vacuum segment led the DC circuit breaker market in 2019. High insulating strength, suitability for repeated operations, & low maintenance cost are expected to drive the vacuum DC circuit breaker market.  Also, rising investments in electrification projects, in which vacuum technologies are highly deployed encourages players to invest in the DC circuit breaker. They are mainly used in medium voltage ranging from 11 kV to 33 kV. They have a long mechanical service life. They are fast in operation; hence are ideal for fault clearing. Further, they are also safe as they do not explode, have a noiseless operation, are eco-friendly, and have a very minimal maintenance cost. They mainly find application in switchgears, transformers, power conditioning systems, switching devices, and transformers.

Asia Pacific: The leading market for DC circuit breaker market

In this report, the DC circuit breaker 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 DC circuit breaker market in 2018. 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 DC circuit breaker market in the region. Increasing grid investments and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines is likely to drive the growth of the DC circuit breaker market in the region during the forecast period. Rise in investments in smart grid technologies is another factor which is driving the DC circuit breaker market in Asia Pacific.

Leading key players:

The key players are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Toshiba (Japan), Larsen & Toubro (India), Mitsubishi (Japan), Powell (US), Rockwell Automation (US), Fuji Electric (Japan), CG Power (India), ENTEC Electric & Electronic (South Korea), BRUSH Group (UK). Contracts & agreements was one of the key strategies adopted by the players to strengthen their global presence and offerings.

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Key Questions addressed by the report

• The report identifies and addresses key markets for DC Circuit Breaker, which would help manufacturers review the growth in demand.
• The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
• The report will help key players understand the strategies of their competitors better and make better strategic decisions.
• The report addresses the market share analysis of key players in the market and with the help of their competitors can enhance their revenues in the respective market.
• The report provides insights about emerging geographies for the DC Circuit Breaker and the entire market ecosystem can gain a competitive advantage from such insights.

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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com