Marine Engines Market worth over $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.

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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.

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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.

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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.

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Industrial Control Transformer Market On The Rise - Worldwide Market Opportunity Outlook to 2023

The industrial control transformer market is expected to grow from an estimated USD 809.2 Million in 2018 to USD 1,039.8 Million by 2023, at a CAGR of 5.14%. The positive growth rate of this market can be attributed to 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 62 market data Tables and 36 Figures spread through 127 Pages and in-depth TOC on "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"

The three-phase segment is expected to hold the largest share of the industrial control transformer market during the forecast period

Three-phase industrial control transformers are mostly used in heavy industrial applications as it can easily carry high power for the operations. Also, the three-phase power transmission requires less copper and aluminum, as compared to single-phase, to transfer a certain amount of power. It is the most economical way of power transmission. Therefore, three-phase industrial control transformer segment is expected to have the largest market size during the forecast period.

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The above 1,500 VA power rating industrial control transformers are expected to grow at a high rate during the forecast period

Industrial control transformers installed in above 1,500 VA find application in oil & gas and power generation industries in various power equipment such as drafts fans, compressors pumps, and drillers. In oil & gas industries, this equipment works on critical load requirement and need to be regulated accurately because, in case of voltage inconsistencies, there is a substantial chance of explosions and is thus expected to drive the industrial control transformer market till the forecast period.

Asia Pacific is expected to dominate the industrial control transformer market during the forecast period

In this report, the industrial control transformer market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is expected to hold the largest share of this market during the forecast period due to industrialization and infrastructural developments majorly in China and India.

Scope of the report:

Industrial Control Transformer Market:

By Phase Type

Single Phase

Three Phase

By Power Rating

25-500 VA

500-1,000 VA

1,000-1,500 VA

Above 1,500 VA

By End-User

Power Generation

Oil & Gas

Chemical

Metal & Mining (Iron, Steel, and Aluminum)

Others (Food & beverage, paper & pulp, cement, glass, and water & wastewater industries)

By Region

North America

Europe

Asia Pacific

Middle East & Africa

South America

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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 industrial control transformer market. These players include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schneider (France), GE (US), Hubbell (US), Emerson (US), and Rockwell (US).

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.

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Instrument Transformers Revenue to Hit $9.06 Billion USD by 2022

The instrument transformers market is expected to grow from an estimated USD 7.32 Billion in 2017 to USD 9.06 Billion by 2022, registering a CAGR of 4.35% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, refurbishment of aging infrastructure, and huge investments in smart grids and energy systems across the world.

The power utilities segment is expected to hold the largest share of the instrument transformers market, by end-user, during the forecast period

The power utilities segment led the instrument transformers market in 2016, and is projected to dominate the market during the forecast period. The total investment in the transmission and distribution infrastructure over 2014 to 2035 is expected to be USD 6.8 trillion, according to the International Energy Agency. Approximately, 56% of the total energy investment accounts for transmission and distribution. Refurbishment and replacement of existing assets contribute 40% and the grid integration of renewables accounts for 4%. Instrument transformers are a major part of the transmission and distribution infrastructure, used for measurement as well as protection of the system. Approximately 10% of the total substation cost is dedicated to procurement and installation of instrument transformers. With the increasing investments in the power infrastructure, the market for instrument transformers tends to grow.

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Capacitive potential transformers to be the fastest growing segment in the instrument transformers market

With regard to the type segment, capacitive potential transformers are expected to constitute the fastest growing market from 2017 to 2022. Capacitive potential transformers are used to measure voltages above 66 kV. In these types of transformers, capacitors are used as voltage dividers. These capacitors are connected in series where the voltage drop takes place. Unlike inductive voltage transformers, capacitive voltage transformers usually have a ferro resonance damping circuit built into the instrument transformers itself. Apart from voltage measurement, these capacitive voltage transformers are also used as high pass filters. These days transmission lines are used for communication purposes as well. The information at high frequencies (in MHz) are conveyed through transmission lines from one grid to another and is known as Power Line Carrier Communication (PLCC). Capacitive voltage transformers, when used as high pass filters, helps in PLCC.

Asia Pacific: The leading market for instrument transformers

In this report, the instrument transformers market has been analyzed with respect to six regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Asia Pacific is expected to account for the largest market share of 36% in the global instrument transformers market in 2017. Countries such as China, Japan, and India are investing in grid expansion projects to increase their distribution grid reliability. China accounted for the largest share of the instrument transformers market in Asia Pacific in 2016. It has the highest installed power generation and distribution capacities, resulting in an increased demand for transformers. The country, which is an export-oriented economy, has witnessed an exponential growth in the demand for electricity in the past couple of decades, fueled by industrialization and infrastructural developments. Meanwhile, the next strongest economy, India, is also adding up its renewable energy capacity annually. For instance, the country is the third-largest electricity producer in the world and is likely to generate approximately 30 GW of power from renewable energy sources in 2017. This would require grid connected as well as local distribution networks. These factors are expected to drive the growth of the instrument transformers market in Asia Pacific.

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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 instrument transformers market. These players include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and GE (US). The leading players are trying to make inroads in the markets in the developed economies and are adopting various strategies to increase their market shares.

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.

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MarketsandMarkets™ INC.
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sales@marketsandmarkets.com

Hydraulic Dosing Pump Market | Competitive Analysis, Industry Dynamics, Growth Factors & Opportunities by 2023

The report "Hydraulic Dosing Pump Market by Type (Diaphragm, Piston), End-user (Agriculture, Livestock, Industry (Water, Oil & Gas, Chemical, Power)), Discharge Pressure (Up to 25 Bar, 25-100, Above 100 Bar), and Region - Global Forecast to 2023", The hydraulic dosing pump market is expected to grow from an estimated market size of USD 771.8 million in 2018 to USD 949.3 million by 2023, at a CAGR of 4.23%. The overall market is set to witness significant growth because of the growing demand for accurate and precise dosing from chemical, oil & gas, and manufacturing industries, along with increasing investments in the water & wastewater treatment sector. Increasing implementation of smart dosing technology coupled with refining capacity additions in the Asia Pacific and the Middle East are the major opportunities for the hydraulic dosing pump market.

Browse 66 market data Tables and 42 Figures spread through 129 Pages and in-depth TOC on "Hydraulic Dosing Pump Market  - Global Forecast to 2023"

 
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Diaphragm: The largest type segment during the forecast period

The diaphragm segment is expected to hold the largest share of the hydraulic dosing pump market during the forecast period. Growing investments in the chemical and water & wastewater treatment sectors along with increased focus on digitalization of manufacturing processes are the major factors driving the hydraulic dosing pump market in the Asia Pacific. Furthermore, the region is expected to witness significant additions in its refining capacity which will involve various expansions and upgradation projects and new refinery setups during the forecast period. Diaphragm pumps are highly preferred in these industries because of its ability to handle hazardous, toxic, or corrosive chemicals. These factors have resulted in the highest market share of the diaphragm segment in the hydraulic dosing pump market.

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Hydraulic dosing pump market for up to 25 bar discharge pressure to grow at a higher CAGR during the forecast period

The market for up to 25 bar segment is expected to grow at a higher CAGR during the forecast period. Hydraulic dosing pumps with discharge pressure up to 25 bar are used for dosing purposes in sectors including oil & gas, chemical & petrochemical, power generation, water treatment, and manufacturing. Thus, the rise in demand for hydraulic dosing pumps led by significant investments in these industries is expected to drive the demand for hydraulic dosing pumps during the forecast period.

Asia Pacific: The fastest-growing market for hydraulic dosing pumps

In this report, the hydraulic dosing pump market has been analyzed on the basis of 5 regions: Asia Pacific, North America, Europe, and the Middle East & Africa. The hydraulic dosing pump market in the Asia Pacific is driven by countries such as China, India, South Korea, and the ASEAN. The demand for hydraulic dosing pumps in this region is driven by rising refining capacity additions, investments in water & wastewater treatment sector, and demand from the manufacturing industry.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiling of some of the key players in the hydraulic dosing pump market. These players include Dover Corporation (US), Grundfos (Denmark), SPX Flow (US), IDEX Corporation (US), and LEWA (Germany). Leading players are trying to establish themselves in the markets of developing economies and are adopting various strategies to increase their market shares.

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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.
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Biopreservation Media Market Poised to Witness Impressive Growth in the Years to Come

Biopreservation is a rapidly emerging field that involves storage of cells and tissues in a chemically-treated environment in order to preserve biological samples. Cryopreservation, vitrification, and hypothermic storage are the most common procedures for biopreservation that used widely in laboratories and clinical settings. Biopreservation media is a globally-recognized and an effective method of preserving specimens, which helps in maintaining the stability, integrity, and functionality of cells outside of their natural environment until their end-use. Human tissue biobanking which is used in clinical trials for the implementation of novel biomarkers is expected to escalate the demand for biopreservation storage media, thereby fueling the growth of the market, globally. Moreover, huge investments coupled with increased R&D activities are expected to further stimulate the growth of the biopreservation media market.

Market Scenario & Predictions
The global biopreservation media market which was valued at $247.7 Million in 2014 is projected to reach $571.5 Million by the end of 2019, growing at a CAGR of 18.2% during the forecast period of 2014 to 2019.

Of all the regions, North America was the largest market in 2014, followed by Europe, APAC, and RoW. It currently holds 47.3% of the total market share, and is expected to grow at a CAGR of 17.7% during the forecast period, reaching $265.0 Million by 2019, owing to the advancements in the field of biotechnology in the U.S. and Canada. However, Asia-Pacific is estimated to be the fastest-growing market with a CAGR of 21.2%.

Based on type, the home-brew media segment being a highly competitive segment dominates the market with largest share, whereas the segment of pre-formulated media is still in the growing phase. On the basis of application, biobanking is the leading segment.

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Drivers for the Market

The significant growth of the global market for biopreservation media can be majorly attributed to the following factors:

•    Advancements in biobanking technology and regenerative market
•    Growing investments and R&D activities in cell-therapy and regenerative medicine by corporate, government, and non-government organizations
•    Increasing demand due to the growing awareness regarding its benefits

Major key players are,
Lifeline Scientific Inc. (U.S.), BioLife Solutions Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), Wak-Chemie Medical GmbH (Germany), VWR International LLC (U.S.), and others.

Apart from this, new product developments and launches is one of the key strategies adopted by the market players in order to sustain their hold on the market by providing the customers with newer and efficient products.

Growing Intrauterine Contraceptive Device Industry

The global intra-uterine contraceptive devices (IUCD) market was valued at $3,314.6 million in 2014, which is expected to reach a value of $4,605.6 million by 2019, at a CAGR of 6.8% from 2014 to 2019.

The global intrauterine contraceptive devices market is segmented on the basis of type which includes hormonal IUCD and copper IUCD. The copper IUCD segment contributed for the maximum share of 51.9% in 2014, followed by hormonal IUCD with 48.1% share. On the basis of products, this market has been segmented into Mirena, Skyla, ParaGuard, and Essure. In terms of geography, the market covered regions, such as Asia, Europe, North America, and Rest of the World (ROW).
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The growth of the intrauterine contraceptive devices market is driven by factors such as rising rate of unplanned pregnancies, effective contraception and minimum side effects of IUCD, implementation of Affordable Care Act (ACA), higher number of initiatives undertaken by private firms directed towards reducing the expenses related to abortion, and technological advancements.

Future of Hydraulic Workover & Snubbing Market

The increase in demand and supply gap worldwide in energy sector has increased the drilling activities around the globe which has finally increased the usage of hydraulic workover unit market.

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Hydraulic workover unit can be used to install or remove tubular in or out of well which has zero surface pressure, mud or heavy fluid in the wellbore. The volume based market is projected to grow with a CAGR of 6.2% between 2014 and 2019.

The oil & gas industry witnesses high number of the E&P activities every year which is undertaken to meet the growing global energy demand. 

Hydraulic workover units form an integral part of the well lifecycle and can be used on the drilling, completion and workover phases. It provides increased lifting capacity during well intervention operations which cannot be performed using either a wireline or a coiled tubing unit.