Submersible Pumps Market to Witness A Phenomenal Growth by 2025

According to the new market research report "Submersible Pumps Market by Type (Electric, Hydraulic, Air-Driven), Application (Open Pit, Borewell), Operation (Single-stage, Multi-stage), Power Rating (<1, 1-5, 5-15, >15 HP), Sector (Industrial, Agricultural, Domestic), Region - Global Forecasts to 2025", published by MarketsandMarkets™, the Submersible Pumps Market size will grow to USD 15.5 billion by 2025 (forecast year) from USD 11.2 billion in 2020 (estimated year), at a CAGR of 6.7% during the forecast period. High demand for submersible pumps in the agricultural sector and increasing investments in the construction industry attributing to rapid urbanization are the key factors driving the growth of the Submersible Pumps Market.  Likewise, the up-gradation of aging and construction of new water & wastewater treatment facilities and adoption of solar-powered submersible pumps are expected to offer lucrative opportunities for the Submersible Pumps Market during the forecast period.

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The electrical segment is expected to dominate the Submersible Pumps Market, by type, during the forecast period. 

The electrical submersible segment held the largest market size as these pumps can handle both solids & liquids and are used across numerous sectors to boost production. ESPs are used in different sectors, such as industrial, agricultural, and domestic. For instance, in the oil & gas industry, electrical submersible pumps are used to increase the flow of fluids from wells when a reservoir does not have enough energy to produce at economical rates naturally and boost production to improve financial performance. The growth of this segment is due to its increasing demand attributed to high reliability and efficiency, and as it never has to be primed as it is already submerged in the fluid. 

Browse in-depth TOC on "Submersible Pumps Market"

147 – Tables
50 – Figures
211 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/submersible-pump-market-188587920.html 

The 5–15 hp segment is expected to be the fastest-growing Submersible Pumps Market, by power rating, during the forecast period.

5–15 hp Submersible Pumps Market is expected to witness the highest growth rate during the forecast period. They are used for numerous applications in the industrial, agricultural, and domestic sectors. 5–15 hp submersible pumps have higher electrical and mechanical efficiency. It helps in reducing energy consumption significantly and efficiently address electric overload issues caused due to fluctuating power supply. The submersible pumps available in this range can be used for several applications, namely, industrial water supply, water treatment plants, agricultural, residential complexes, commercial buildings, and for several other industrial uses.

Asia Pacific likely to emerge as the largest Submersible Pumps Market

In this report, the Submersible Pumps Market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific region has been segmented, by country, into China, India, Australia, Indonesia, Japan, and Rest of Asia Pacific. Rest of Asia Pacific includes Malaysia, Thailand, Philippines, and South Korea. The major applications for submersible pumps in the region include water & wastewater treatment, commercial & residential complexes, and the agricultural sector. Factors driving the adoption of submersible pumps in the agricultural sector in Asia Pacific include the growing demand for food, rising pressure to improve yields with limited available resources, and increasing requirement to protect crops from unexpected climatic changes. Furthermore, rapid industrialization and infrastructural developments in the region offer growth opportunities for the Asia Pacific Submersible Pumps Market.

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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 Submersible Pumps Market.

Some of the key players are Xylem (US), Sulzer (Switzerland), KSB Group (Germany), Grundfos (Denmark), and Atlas Copco (Sweden). The leading players are adopting various strategies to increase their share in the Submersible Pumps Market.

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

Browse Related Reports:

Oil & Gas Pumps Market by Type (Submersible, Non-submersible) Pump Type (Centrifugal, Positive Displacement (Screw, Reciprocating, Rotary and Gear, Progressive Cavity), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/oil-gas-pump-market-72491540.html

Centrifugal Pump Market by Type (Overhung Impeller, Vertically Suspended, and between Bearing), Stage (Single Stage, Multistage), End-User (Water and Wastewater, Chemicals, Oil & Gas, Power, Commercial and Residential), and Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/centrifugal-pump-market-17494785.html

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. Aashish Mehra
MarketsandMarkets™ INC.
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Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com 

Global Sand Control Solutions Market Analysis | By Company Profiles | Size | Share | Growth | Trends and Forecast To 2025 available in the latest report

 According to the new market research report "Sand Control Solutions Market by Location (Onshore, Offshore), Application (Cased hole, Open hole), Well Type (Horizontal, Vertical), Type (Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices, Others), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Sand Control Solutions Market size will grow to  USD 3.2 billion by 2025 (forecast year) from USD 2.1 billion in 2020 (estimated year), at a CAGR of 8.9% during the forecast period. The continuous shale development activities and efforts to increase reserve to production ratio from the wells are the key factors driving the growth of the Sand Control Solutions Market. Likewise, the increasing offshore exploration & production and subsea activities are expected to offer lucrative opportunities for the Sand Control Solutions Market during the forecast period.

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The onshore segment is expected to dominate the Sand Control Solutions Market, by location, during the forecast period.

The onshore location held a larger market size due to the presence of vast onshore oil & gas wells. It increased dependency on conventional oil & gas, which is the most profitable and convenient way to meet the energy demand. Gravel packs are mainly installed for onshore locations. Onshore locations involve the placing of these systems in the wellbore to filter sand during extraction. The growing demand in onshore applications shows increasing oil production from basins such as Permian. Such factors are expected to boost the demand for the sand control solution market for the onshore location during the forecast period.

Browse in-depth TOC on "Sand Control Solutions Market"

107 – Tables
59 – Figures
193 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/sand-control-systems-market-75221369.html 

The gravel pack segment is expected to be the fastest-growing Sand Control Solutions Market, by type, during the forecast period.

Gravel packing is an effective means of preventing the formation of sand from entering the production string. Gravel pack systems are used to increase the surface area of the producing well to increase the production rates. In gravel packing, a steel screen is placed in the wellbore and the surrounding annulus is packed with the prepared gravel of a specific size designed to prevent the passage of formation sand. The primary objective is to stabilize the formation while causing minimal impairment to well productivity. Gravel pack systems are suitable for unconsolidated to tight sand formations, both open-hole or cased-hole wells, and for both conventional and unconventional applications. The advantages of an open-hole gravel pack are increased reliability and productivity from the well.

Asia Pacific likely to emerge as the largest Sand Control Solutions Market

In this report, the Sand Control Solutions Market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific is expected to be the largest Sand Control Solutions Market during the forecast period. China, Indonesia, India, Australia, Thailand, and the Rest of Asia Pacific. The Rest of Asia Pacific includes Malaysia, Myanmar, and Pakistan. The region accounts for a substantial portion of the global oil demand due to the rise in industrialization, urbanization, population growth, and the growth of the consumer class. This growth in oil demand propels oil & gas exploration and production activities, which drives the market for oilfield equipment and services, including sand control solutions. Despite a considerable number of oil reserves, the exploration and production industry in Asia Pacific needs more attention on production optimization and reserve replacement. The recovery rate of oil & gas needs to be improved as many Asian countries rely on imported crude oil for their energy needs. The need to develop new resources and increase production from existing fields would drive the growth of the Sand Control Solutions Market in Asia Pacific.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=75221369 

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Sand Control Solutions Market.

Some of the key players are Schlumberger (US), Halliburton (US), Baker Hughes Company (US), Weatherford (Switzerland), and Superior Energy Services (US). The leading players are adopting various strategies to increase their share in the Sand Control Solutions Market.

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

Browse Related Reports:

Coiled Tubing Market by Fleet (Operator, Region), Service (Well Intervention Service (Well Completions & Mechanical Operations, Well Cleaning & Pumping Operations) Drilling Service, Others), Application (Onshore, Offshore), Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/coiled-tubing-market-804.html

Well Intervention Market by Service (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift), Type (Light, Medium, Heavy) Application (Onshore, Offshore) Well (Horizontal, Vertical) Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/well-intervention-market-1099.html

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

Industrial Plugs and Sockets Market Outlook 2020 – Huge Growth, Trends, Revenue And In-Depth Analysis 2025

 

According to the new market research report "Industrial Plugs and Sockets Market by Type, End User (Heavy Industries, Oil & Gas, Chemicals & Pharmaceuticals, Power Generation), Current (up to 32 A, 32 to 125 A, Above 125 A), Protection (Dustproof & Splash Proof, Waterproof, Explosion Proof), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Industrial Plugs and Sockets Market size is projected to grow from USD 2.5 billion in 2020 to USD 3.2 billion by 2025; it is expected to grow at a CAGR of 4.9% from 2020 to 2025. The key factors driving the growth of the industrial plugs and sockets industry include rapid industrialization in Asia Pacific and increased investments in infrastructure development projects to contribute to the global economy post-COVID-19.

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The up to 32 A segment is expected to dominate the Industrial Plugs and Sockets Market, by current, during the forecast period.

The up to 32 A segment is expected to lead the Industrial Plugs and Sockets Market from 2020 to 2025. Industrial plugs and sockets of rating up to 32 A are commonly used across all industries for many applications. Industrial plugs and sockets in this range are more commonly used than high-current industrial plugs and sockets. The prevalent use of industrial plugs and sockets of current rating up to 32 A across industries is a key driver for the growth of up to 32 A segment of the market.

Browse in-depth TOC on "Industrial Plugs and Sockets Market"

112 – Tables
49 – Figures
219 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/industrial-plug-socket-market-7162677.html

The industrial plugs segment is expected to be the fastest-growing Industrial Plugs and Sockets Market, by type, during the forecast period.

The industrial plugs segment, by type, Industrial Plugs and Sockets Market is estimated to grow at the fastest rate during the forecast period. Industrial plugs allow easy connection and disconnection of electrical equipment in industrial settings. The use of industrial plugs also improves safety and reduces the risk of electrical hazards considerably. These factors are expected to drive the demand for industrial plugs during the forecast period.

Asia Pacific likely to emerge as the largest Industrial Plugs and Sockets Market

In this report, the Industrial Plugs and Sockets Market has been analyzed for six regions, namely, Asia Pacific, North America, Europe, Middle East, South America, and Africa. Asia Pacific is estimated to be the largest market for industrial plugs and sockets during the forecast period. The growth of the market in this region is mainly driven by the increasing industrial and large-scale infrastructure investments during the forecast period. Risen demand for safe, secure, and reliable connected and disconnected equipment for use in a diverse range of environments, increased investments in the construction sector, and sustained industrial investments in the key markets offer high-growth opportunities for the Industrial Plugs and Sockets Market in Asia Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the Industrial Plugs and Sockets Market.

Some of the key players are Amphenol Corporation (US), ABB (Switzerland), Emerson Electric (US), Schneider Electric (France), and Legrand SA (France). The leading players are adopting various strategies to increase their share in the Industrial Plugs and Sockets 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.

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

Marine VFD Market Outlook 2019 – Huge Growth, Trends, Revenue And In-Depth Analysis 2024

The global marine VFD market is projected to reach USD 1,039 million by 2024 from an estimated USD 772 million in 2019, at a CAGR of 6.13% during the forecast period. This growth can be attributed to the rise in demand for energy efficiency.

The AC drive segment is expected to hold the largest share of the marine VFD market, by type, during the forecast period

The AC drive segment is estimated to dominate the marine VFD market in 2019 and is projected to have the largest market share during the forecast period.  This is because the use of an AC drive helps in energy savings, increases the life of rotating components, reduces the noise and vibration level, decreases mechanical stress on motor control applications, and enhances the overall process control.

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The medium voltage segment is expected to be the fastest growing marine VFD market, by voltage, during the forecast period

The medium voltage segment accounted for the highest CAGR during the forecast period. The use of these drives helps in improving efficiency, thereby reducing the overall operating cost. Furthermore, the medium voltage VFDs are estimated to save 40–60% of energy compared to motors running at full speed.

This research report categorizes the marine VFD market based on application, type, voltage, and region.

On the basis of application, the marine VFD market has been segmented as follows:

• Pump
• Fan
• Compressor
• Propulsion/thruster
• Crane & hoist

On the basis of type, the marine VFD market has been segmented as follows:

• AC Drive
• DC Drive

On the basis of voltage, the marine VFD market has been segmented as follows:

• Low voltage (Up to 1 kV)
• Medium voltage (Above 1 kV)

On the basis of region, the marine VFD market has been segmented as follows:

• Asia Pacific
• Europe
• North America
• South America
• Middle East & Africa

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Asia Pacific: The leading marine VFD market

In this report, the marine VFD market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global marine VFD market in 2019, owing to the presence of a large number of shipbuilding companies in China, Japan, and South Korea. Moreover, in the past few years, this region has witnessed rapid economic development as well as the growth in the maritime trade. The rise in seaborne trade has, subsequently, led to an increase in the demand for ships used to transport manufactured goods to various regions worldwide. Thus, the rise in the demand of ships is likely to drive the demand for marine VFDs in the Asia Pacific region.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the marine VFD market. Some of the key players are ABB (Switzerland), GE (US), Eaton (Ireland), Rockwell Automation (US), Siemens (Germany), WEG (Brazil), and Danfoss (Denmark). The leading players are adopting various strategies to increase their share in the marine VFD market.

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Key Questions Addressed by the Report

• The report identifies and addresses the key markets for marine VFD, 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 would help the key players understand the strategies of their competitors and make better strategic decisions.
• The report covers the market share analysis of the key players of the marine VFD market, and with the help of this, companies can enhance their revenues in the respective market.
• The report provides insights about the emerging geographies for the marine VFD market. Hence, the entire market ecosystem can gain competitive advantage from such insights.

Oil & Gas Pumps Market Revenue is Anticipated to Reach $9.0 Billion by 2025 | Flowserve, Sulzer, Weir Group, KSB, Xylem

 According to the new market research report "Oil & Gas Pumps Market by Type (Submersible, Non-submersible) Pump Type (Centrifugal, Positive Displacement (Screw, Reciprocating, Rotary and Gear, Progressive Cavity), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2025", published by MarketsandMarkets™, the Oil & Gas Pumps Market size will grow to  USD 9.0 billion by 2025 (forecast year) from USD 6.6 billion in 2020 (estimated year), at a CAGR of 6.4% during the forecast period. Continuous shale development activities and the development of gas terminals are the key factors driving the growth of the Oil & Gas Pumps Market. Likewise, the development of pipeline infrastructure in Asia Pacific and the Middle East and the discovery of new reservoirs in the African region are expected to offer lucrative opportunities for the Oil & Gas Pumps Market during the forecast period.

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72491540

The centrifugal segment is expected to dominate the Oil & Gas Pumps Market, by pump 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.

Browse in-depth TOC on "Oil & Gas Pumps Market"

191 – Tables

56 – Figures  

230 – Pages

View Detailed Table of Content Here:

https://www.marketsandmarkets.com/Market-Reports/oil-gas-pump-market-72491540.html

The midstream segment is expected to be the fastest-growing Oil & Gas Pumps Market, 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.

Asia Pacific likely to emerge as the largest Oil & Gas Pumps Market

In this report, the Oil & Gas Pumps Market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific is expected to be the largest Oil & Gas Pumps Market during the forecast period. Asia Pacific comprises China, India, Japan, Australia, and Rest of Asia Pacific. The market in China is expected to grow as it is one of the major importers of oil and its domestic demand surpasses its production. The demand for oil products in the Asia Pacific region is rapidly increasing as the region experiences strong economic growth. The region has less than 9.0% of the world’s proven reserves, implying a high rate of redevelopment and rehabilitation of oilfields. Substantial economic growth and the demand for oil & gas have led to an increase in offshore oil & gas E&P in the region. The increasing activities in deeper and more remote waters in the Philippines and Myanmar are expected to meet the growing energy demand. According to the BP Statistical Review of World Energy 2020, Asia Pacific accounted for 44.1% share of global primary energy consumption.

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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.

Some of the key players are Flowserve (US), Sulzer (Switzerland), Weir Group (UK), KSB (Germany), and Xylem (US). The leading players are adopting various strategies to increase their share in the Oil & Gas Pumps 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.

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

Oil & Gas Sensors Market Outlook 2018 – Huge Growth, Trends, Revenue and In-Depth Analysis 2023

According to the new research report "Oil & Gas Sensors Market by Type (Pressure, Level, Flow, Temperature), Connectivity (Wired, Wireless), Application (Remote Monitoring, Condition Monitoring, Analysis), Sector (Upstream, Midstream, Downstream), and Region -Global Forecast to 2023", the Oil & Gas Sensors market is expected to grow from USD 7.4 billion in 2018 to USD 9.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period. The major factors driving the oil & gas sensors market include growing IoT in the oil & gas industry. IoT in the oil and gas industry helps in improving operational efficiency, revenue, real-time data, and decreasing safety risk, and environmental footprint

Browse 69 market data Tables and 42 Figures spread through 113 Pages and in-depth TOC on "Oil & Gas Sensors Market - Global Forecast to 2023"

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=212567893

The pressure sensors segment is expected to grow at the highest CAGR in the global oil & gas sensors market during the forecast period

The oil & gas sensors market has been segmented on the basis of sensors type into pressure sensors, flow sensors, level sensors, temperature sensors, and others. Among these types, pressure sensors is the fastest growing segment in the oil & gas sensors market as they provide accurate and reliable data to detect small changes in the pressure usually in the upstream and midstream processes.

Wireless sensors are expected to grow at the highest CAGR in the global oil & gas sensors market during the forecast period

Wireless sensors in the oil & gas industry are installed in all upstream, midstream, and downstream processes. Wireless sensors have a growing demand as they eliminate cables, resulting in reduced installation and operating costs. Moreover, wireless sensors have a wide variety of applications in the oil & gas industry varying with different requirements and characteristics.

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North America is expected to hold the largest market size in the oil & gas sensors market in the forecast period

North America is estimated to account for the largest share of the market in 2018. The region is considered the most advanced region in terms of technology adoption and infrastructure. The sensor market in the oil & gas industry would be mainly driven by 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 positively impact the sensor market during the forecast period. All these factors are expected to drive the oil & gas sensor market in North America.

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Major vendors in the oil & gas sensors market include Emerson (US), ABB (Switzerland), GE (US), Indutrade (Sweden), BD Sensors (Germany), Lord (US), MTS Sensors (US), Bosch (Germany), Rockwell (US), TE Connectivity (Switzerland), Fortive (US), and Siemens (Germany).

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

Grid-Scale Battery Market Outlook 2018 – Huge Growth, Trends, Revenue and In-Depth Analysis 2023

 According to the new market research report "Grid-Scale Battery Market by Type (Lithium-Ion, Lead Acid, Flow Battery, Sodium-Based), by Ownership-Model (Third-Party, Utility), by Application (Renewable Integration, Peak Shift, Ancillary Services, Back-Up Power), and Region - Global Forecast to 2023", the grid-scale battery market is expected to grow from USD 1.37 Billion in 2018 to USD 5.82 Billion by 2023, at a CAGR of 33.52% during the forecast period. The growth of this market can be attributed to the increasing investments in renewable energy, reducing costs of grid-scale battery owing to technological advancements and expanded deployment, and government subsidies and regulations for enhancing energy efficiency.

Browse 73 market data Tables and 39 Figures spread through 139 Pages and in-depth TOC on "Grid-Scale Battery Market - Global Forecast to 2023"

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93054442

Lithium-ion batteries to hold the largest share of the grid-scale battery market throughout the forecast period

Lithium-ion batteries have high energy and power density, which allows these batteries to be lightweight with less standby losses and high life expectancy of 5–15 years with 98% efficiency. In addition, these batteries are lighter in weight than nickel-cadmium and nickel metal-hydride batteries. These features are expected to drive the growth of the grid-scale battery market for lithium-ion batteries.

The report’s target audience includes:

• Transmission and distribution utilities
• State and national regulatory authorities
• Power generation utilities
• Consulting companies and associations in the energy and power sector
• Government and research organizations
• Grid-scale battery manufacturers
• Investment banks
• Engineering, procurement, and construction companies in the distribution sector

Grid-scale battery market for peak shifting applications to grow at a high rate during the forecast period

Grid-scale batteries have application in peak shifting, renewable integration, ancillary services, back-up power, and other applications. The grid-scale battery market for peak shifting applications is expected to grow at the highest rate during the forecast period. Peak shifting is a highly cost-effective method of reducing electric utility expenses.

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Asia Pacific is expected to dominate the grid-scale battery market during the forecast period.

In this report, the grid-scale battery market has been segemented on the basis of region into North America, Europe, Asia Pacific, and RoW. High population in APAC has resulted in the increased demand for energy; this has, in turn, amplified the need for fossil fuels. Moreover, governments of various countries in this region are striving to minimize adverse effects of the energy sector on the environment. These factors are encouraging the deployment of grid-scale batteries in residential and utility applications.

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For an in-depth understanding of the competitive landscape, profiles of some of the top players in the grid-scale battery market have been included in the report. The major market players include LG Chem (South Korea), Samsung (South Korea), Panasonic (Japan), Fluence (US), Tesla (US), and BYD Company (China).

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