Rising global energy demand, highly volatile oil & gas prices, increasing complicated regulatory and environmental pressure have put great "deal" to other alternative energy sources in this decade. There is increased awareness and commitments across ....see more
The global smart transformers market is projected to grow at a CAGR of 10.54%, from 2017 to 2022, to reach a market size of USD 2.43 Billion by 2022. This growth can be attributed to the increasing power demand, increasing emphasis on alternative energy production across the globe, improving and evolving technologies, digitalization of power utilities, investments in smart grids and energy systems, and revamping of old T&D infrastructure. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the smart transformers market. These players include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Eaton (Ireland), and General Electric (US).
The low voltage motor control centers market is expected to grow from an estimated value of USD 3.07 Billion in 2017 to USD 4.03 Billion by 2022, at a CAGR of 5.62% from 2017 to 2022. The global market is set to witness a significant growth due to the rising industrial automation and increased use of low voltage electric motors across key industries. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the low voltage motor control centers market. These include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), Rockwell Automation (U.S.), and General Electric (U.S.), among others. The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.
The global medium voltage cables and accessories market was valued at USD 39.31 Billion in 2016 and is projected to grow at a CAGR of 6.27%, from 2017 to 2022. Increase in renewable energy generation and rapid industrialization and urbanization are the major drivers for growth in the medium voltage cables and accessories market. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the medium voltage cables and accessories market. These include Prysmian S.p.A. (Italy), Nexans S.A. (France), General Cable Corporation (US), NKT Group A/S (Denmark), and LS Cable & System Ltd. (South Korea). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
The SCADA oil & gas market is expected to grow from an estimated USD 3.42 Billion in 2017 to USD 4.52 Billion by 2022, at a CAGR of 5.77%. To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the SCADA oil & gas market. These players include ABB Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), General Electric Company (US), Honeywell International Inc. (US), CygNet Software, Inc. (US), Siemens AG (Germany), Quorum Business Solutions, Inc. (US), Larsen & Toubro Limited (India), ZTE Corporation (China), PSI AG (Germany), Mitsubishi Electric Corporation (Japan), Orbcomm Inc. (US), Iconics, Inc. (US), Detechtion Technologies (US), eLynx Technologies, LLC (US), Globalogix, Inc. (US), TRC Advanced Technologies Inc. (US), Inductive Automation (US), International Business Machines Corporation (US), Ausenco Ltd. (Australia), Emerson Electric Co. (US), Bentek Systems (Canada), and PetroCloud, LLC (US). Leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.
The air quality monitoring software market is expected to grow from an estimated USD 387.4 Million in 2017 to a projected USD 544.6 Million by 2022, at a CAGR of 7.05%, from 2017 to 2022. To provide an in-depth understanding of the competitive landscape, the report includes the profiles of some of the leading players in the air quality monitoring software market such as Environnement S.A. (France), Cambridge Environmental Research Consultants Ltd (UK), 3M Company (US), KISTERS AG (Germany), and Robert Bosch GmbH (Germany). The leading players are trying to gain footholds in the markets in developing countries and have been adopting various strategies to increase their market shares.
The utility asset management market is expected to grow from an estimated USD 2.75 Billion in 2017 to USD 4.09 Billion by 2022, registering a CAGR of 8.25%, from 2017 to 2022. To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the utility asset management market. These players include Siemens AG (Germany), ABB Ltd. (Switzerland), General Electric Company (US), and Emerson Electric (US). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.
The global advanced energy storage systems market is projected to grow at a CAGR of 8.38%, from 2017 to 2022, to reach a market size of USD 19.04 Billion by 2022. To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the advanced energy storage systems market. These players include ABB Ltd. (Switzerland), LG Chem, Ltd. (South Korea), Samsung SDI Co, Ltd (South Korea) and Tesla, Inc. (US). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.
The digital utility market is expected to grow from an estimated USD 135.16 Billion in 2017 to USD 244.31 Billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the digital utility market. The key players include Accenture plc (Ireland), Cap Gemini S.A. (France), General Electric Company (U.S.), Siemens AG (Germany), SAP SE (Germany), and International Business Machines Corporation (U.S.), among others. The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
The global floating power plant market is expected to grow from an estimated USD 889.6 Million in 2017 to USD 1,440.1 Million by 2022, at a CAGR of 10.11%, from 2017 to 2022. To provide an in-depth understanding of the competitive landscape, the report includes the profiles of companies, such as MAN Diesel & Turbo SE (Germany), Mitsubishi Corporation (Japan), Wartsila (Finland), General Electric Company (U.S.), Siemens AG (Germany), Caterpillar, Inc. (U.S.), Ciel & Terre International (France), Floating Power Plant A/S (Denmark), Ideol (France), Kyocera Corporation (Japan), Principle Power, Inc.(U.S.), Upsolar (Hong Kong), Vikram Solar Pvt., Ltd. (India), Yingli Solar (China), and SeaTwirl AB (Sweden), among others. The dominant players are trying to gain a foothold in developing economies and are adopting various methods to grab the market share.
The ceramic tube market is expected to grow from an estimated USD 691.1 Million in 2017 to USD 993.3 Million by 2022, at a CAGR of 7.52%, during the forecast period. This growth can be attributed to the increased demand for electrical transmission and distribution equipment and the replacement and refurbishment of existing power infrastructure. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the ceramic tube market. These suppliers include Kyocera Corporation (Japan), CoorsTek, Inc. (U.S.), CeramTec GmbH (Germany), Carborundum Universal, Ltd. (India), Morgan Advanced Materials (U.K.), and NGK Spark Plug Co., Ltd. (Japan). The leading players are trying to enter into the markets in developing economies and are adopting various strategies to increase their market shares.
The pump jack market is expected to grow from an estimated USD 2.86 Billion in 2017 to USD 3.63 Billion by 2022, at a CAGR of 4.88%. Increasing onshore maturing oil fields are driving the pump jack market. The leading players in the industry, based on their recent developments and other strategic industrial activities, includes Schlumberger Limited (U.S.), Halliburton (U.S.), General Electric Oil & Gas (U.K.), Weatherford International, PLC (Switzerland), Dover Corporation (U.S.), and Borets International (U.A.E.), among others.
The subsea well access system market is projected to grow at a CAGR of 4.79% from 2017 to 2022 to reach a market size of USD 3.62 Billion by 2022. With the decline in oil reserves and prices, major oil & gas companies have shifted their attention towards technological advancements in inventing tools and techniques. Some of the leading players in the subsea well access system market includes Schlumberger Limited (U.S.), Halliburton (U.S.), GE Oil & Gas (U.K.), Baker Hughes Incorporated (U.S.), and National Oilwell Varco (U.S.) among others. Contracts & agreements, new product launches and mergers & acquisitions were the most adopted strategies by players to ensure their dominance in the market.
The arc flash protection market is expected to be valued at USD 1.85 Billion in 2017 and is projected to be USD 2.41 Billion by 2022, at a CAGR of 5.38%. The arc flash protection equipment ecosystem comprises of equipment manufacturers such as ABB, Ltd. (Switzerland), Arcteq Relays, Ltd. (Finland), General Electric (U.S.), Schneider Electric (France), Eaton Corporation (Ireland), Siemens AG (Germany), Larsen & Toubro, Ltd. (India), Littelfuse, Inc. (U.S.), NR Electric Co., Ltd. (China), Oberon Company div Paramount Corporation (U.S.), Hazchem Safety (U.K.), DuPont (U.S.), Grainger, Inc. (U.S.), LSH Industrial Solutions Pte, Ltd. (Singapore), PowerPoint Engineering, Ltd. (Ireland), I-Guard Corporation (Canada), G&W Electric Company (U.S.), Mors Smitt (U.S.), Rittal GmbH & Co. KG (Germany), Salisbury (U.S.), AJ Charnaud & Co., (Pty) Ltd. (South Africa), AGO Industries, Inc. (U.K.), Clydesdale, Ltd. (U.K.), Chicago Protective Apparel (U.S.), and Pentair (U.S.) among others.
The global seismic survey market was USD 7.24 Billion in 2016 and is estimated to grow at a CAGR of 4.24%, from 2017 to 2022. The use of seismic technology in brownfields projects and shale gas exploration is expected to drive the market for seismic surveys. To provide an in-depth understanding of the competitive landscape, the report includes the profiles of companies such as Compagnie Generale de Geophysique (CGG) (France), Petroleum Geo-Services (PGS) (Norway), Fugro N.V. (Netherlands), Polarcus Limited (U.A.E.), Tomlinson Geophysical Services (TGS)-Norwegian Petroleum Exploration Consultants (NOPEC) Geophysical Company (Norway), SeaBird Exploration, PLC (Cyprus), Ion Geophysical Corporation (U.S.), Schlumberger Limited-WesternGeco (U.S.), Pulse Seismic, Inc. (Canada), and Global Geophysical Services, Inc. (U.S.).
The global reservoir analysis market is projected to grow at a CAGR of 4.11%, from 2017 to 2022, to reach a market size of USD 8.95 Billion by 2022. Key players in the reservoir analysis market include Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International, PLC (Switzerland), Roxar Software Solutions AS (Norway), SGS SA (Switzerland), Core Laboratories (U.S.), ALS Oil & Gas (Australia), CGG SA (France), Expro International Group Holding, Ltd. (U.K.), and Trican Well Service Limited (Canada) among others.
The global oilfield services market is projected to grow at a CAGR of 3.35%, from 2017 to 2022, to reach a market size of USD 125.51 Billion by 2022. This growth is attributed to increasing shale gas production, growing global E&P spending, and lifting of Iranian oil export sanctions. The report segments the oilfield services market, on the basis of application, into onshore and offshore. The growth of this segment is primarily driven by new exploration and production activities being carried out in offshore areas.
The oilfield equipment rental market is expected to be valued at USD 16.99 Billion in 2017 and is projected to be worth USD 20.55 Billion by 2022, at a CAGR of 3.87%. The oilfield equipment rental market is driven by factors such as technological advancement in oilfield equipment that has enabled the progress of non-conventional oil & gas fields, which were considered economically unviable, with techniques like horizontal drilling and ultra-deep drilling. Increase in global investments in exploration and production by key oil companies is also one of the driving forces for the market.
The global busbar trunking system market was valued at USD 5.90 Billion in 2016 and is expected to grow at a CAGR of 6.88%, from 2017 to 2022. Increasing demand for electricity, increased government mandates to save electricity, multiple operational and technical advantages to potential end-users, and space constraints in multi-storey buildings are the major drivers that would trigger the busbar trunking system market.
The surge protection devices market is expected to grow from an estimated USD 2.06 Billion in 2017 to USD 2.68 Billion by 2022, registering a CAGR of 5.47%, from 2017 to 2022. The global market is set to witness significant growth due to growing demand for protection systems for electronic devices, power quality issues, a rise in alternative energy programs, and cost escalation due to frequent equipment failures.
The critical power and cooling market is projected to grow at a CAGR of 8.88%, from 2016 to 2021, to reach USD 25.80 Billion by 2021. A rise in digitalization and cloud computing leading to an increase in demand for data centers, increasing demand for improved cooling efficiency in data centers, a need to reduce anomalies in power supply, and regulations and initiatives by institutes and associations are the major factors driving the market.
The North American pressure pumping market was expected to grow from an estimated USD 26.29 Billion in 2016 to USD 29.94 Billion by 2021, at a CAGR of 2.6%. The North American pressure pumping market is set to witness growth, due to increased fracturing and re-fracturing activities in the U.S. as well as Canada and the auction of shale fields in Mexico in 2017.
The top 10 power generation technologies market is expected to grow from an estimated USD 64.15 Billion in 2016 to USD 85.40 Billion by 2021. Factors such as increase in electricity consumption and subsequent investment in power generation capacity, and modernization of existing power generation infrastructure are driving the market worldwide.
The Top 10 pumps and motors market is expected to grow from an estimated USD 71.01 Billion in 2016 to USD 100.66 Billion by 2021. Factors such as upgradation of old power infrastructure, increased investments in renewable energy, increasing industrialization, and growing urban population are driving the market globally.
The molded case circuit breakers market is expected to grow from an estimated USD 6.92 Billion in 2016 to USD 9.62 Billion by 2021, ata CAGR of 6.82%. In this report, the molded case circuit breakers market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. Asia-Pacific is expected to dominate the market, given an increase in the number of construction activities in countries such as India and China.
The global screw compressor market is projected to grow at a CAGR of 6.62% from 2016 to 2021, to reach a market size of USD 11.01 Billion by 2021. Leading players in the screw compressor market include Atlas Copco AB (Sweden), Ingersoll Rand PLC (Ireland), GE Oil & Gas (U.K.), Gardner Denver, Inc. (U.S.), and Siemens AG (Germany). New product development was the strategy most commonly adopted by top players in the market from 2012 to 2016. It was followed by contracts & agreements, mergers & acquisitions, and expansions.
The global marine gensets market is forecasted to grow from USD 4.50 Billion in 2016 to USD 5.40 Billion by 2021 at a CAGR of 3.71%. The marine gensets market growth is mainly driven by rise in ship-building industry and enforcement of stringent emission norms by IMO (International Maritime Organization), US EPA and European Commission.
The directional drilling services market is projected to grow at a CAGR of 4.34% from 2016 to 2021 to reach USD 10.30 Billion by 2021. Increasing demand for energy due to industrialization & urbanization, ongoing shale gas revolution, oilfield discoveries are the major factors for driving the market. Directional drilling is the practice of controlling the trajectory and deviation of the well during drilling operations, along a planned path to explore the oil from a targeted position in the typical geologic structural oilfields.
The global pneumatic conveying systems market is projected to reach USD 7.04 Billion by 2021, growing at a CAGR of 6.4% from 2016 to 2021. This growth can be attributed to growing demand for advanced and energy efficient pneumatic conveying systems and growth of emerging economies. Pneumatic conveying systems are principally used to transport materials like powders, pellets, and granules from source to destination using pressure conveying or vacuum conveying methods with efficiency and with minimal loss.
The intelligent pump market is expected to grow from an estimated USD 613.7 Million in 2016 to USD 880.0 Million by 2021, registering a CAGR of 7.5% from 2016 to 2021. The global market is set to witness significant growth, due to the focus on the water & wastewater treatment sector, the growth of building automation sector in Europe and North America, and the growing demand for digital oil fields.
The global busbar market is projected to grow at a CAGR of 5.48% from 2016 to 2021, to reach a size of USD 16.55 Billion by 2021. This growth is attributed to rising energy consumption due to increasing urbanization & industrialization, increasing focus on energy efficiency, and cost & operational benefits of busbar over cables. The report segments the busbar market based on end-user into commercial, industrial, residential, and utilities. The utilities segment is the largest end-user of the busbar market as it finds a number of applications such as switchgear, motor controls, and transformers, among others. High power busbar are normally used in this sector.
The string inverter market is expected to grow from an estimated USD 2.61 Billion in 2016 to USD 3.89 Billion by 2021, registering a CAGR of 8.29% from 2016 to 2021. The global market is witnessing significant growth due to decrease balance of system cost, remove systems monitoring capabilities, and easy installation & customization.
The global subsea systems market is projected to grow at a CAGR of 2.02% from 2016 to 2021, to reach a market size of USD 17.44 Billion by 2021. This growth is attributed to increasing focus on oil & gas production from offshore fields, particularly activities in deepwater reserves. The report segments the subsea systems market on the basis of type into subsea production system and subsea processing system. The subsea production system segment is projected to dominate the subsea systems market throughout the forecast period.
The outage management system market is expected to grow from an estimated USD 493.7 Million in 2016 to USD 1,148.6 Million by 2021, at a CAGR of 18.4%. The global market is set to witness growth owing to increasing grid reliability and smart grid deployments, which will lead to significant investment for the upgrade and replacement of the existing T&D infrastructure.
The gas turbine services market is projected to grow at a CAGR of 4.1% from 2016 to 2021 to reach a market of USD 18.45 Billion by 2021. The growth is attributed to the up gradation of aging fleet of gas turbines, stringent emission norms for gas turbines and increase in demand of gas turbines owing to the shale gas production boom.
The global high pressure pumps market is projected to grow at a CAGR of 3.2% from 2016 to 2021, to reach a market size of USD 2.76 Billion by 2021. This growth is attributed to the development of the manufacturing sector in South Asian countries and investments in sectors other than oil & gas in the Middle East and North Africa (MENA) region.
The global wireline services market is projected to grow at a CAGR of 2.1% from 2016 to 2021, to reach a market size of USD 9.15 Billion by 2021. This growth is attributed to increasing oil production and maturing oilfields. The report segments the wireline market on the basis of hole type into cased-hole and open hole. The cased-hole segment is projected to dominate the wireline services market and is expected to grow at the highest CAGR from 2016 to 2021.
The global AC drives market is projected to grow at a CAGR of 7.0% from 2016 to 2021, to reach a market size of USD 22.07 Billion by 2021. This growth is attributed to the increasing urbanization & industrialization, rising need for energy efficiency, and regulations on energy efficiency.
The lighting as a service market is expected to grow from an estimated USD 95.3 Million in 2016 to USD 638.68 Million by 2021, registering a CAGR of 46.3% from 2016 to 2021. The global market is witnessing significant growth on account of the increase in demand for energy efficient lighting systems, and government policies supporting adoption of energy efficient lighting systems over traditional lighting. Increasing convergence of Internet of Things (IoT) with lighting is also expected to drive the demand for the lighting as a service market across the globe.
The global temporary power market is estimated to reach USD 3.86 Billion in 2016, and is projected to grow at a CAGR of 10.6% from 2016 to 2021, to reach USD 6.40 Billion by 2021. Market growth is driven by factors such as the growing demand for power, aging grid infrastructure, and lack of access to electricity, and increasing construction and infrastructural activities across the globe.
The size of the global nuclear decommissioning services market is estimated to be USD 4.84 Billion in 2016, and is projected to grow at a CAGR of 12.1% from 2016 to 2021, to reach USD 8.55 Billion by 2021. Nuclear accidents, such as the Fukushima Daichii nuclear power plant accident in 2011, and rising political pressure for pre-closure of nuclear power plants, especially in the European countries, are expected to drive the nuclear decommissioning services market.
The global turbocompressor market is projected to grow at a CAGR of 5.4% during the forecast period, to reach USD 15.81 Billion by 2021. This growth can be attributed to the rising investments in the manufacturing sector and the increasing LNG trade between countries.
The size of the global carbon capture & sequestration market is estimated to be USD 4.25 Billion in 2016, and is projected to grow at a CAGR of 13.6% from 2016 to 2021, to reach USD 8.05 Billion by 2021. Market growth is driven by factors such as the growing demand for power & CO2-EOR techniques and rising environmental concerns worldwide.
The report provides insights related to the different renewable energy technologies such as wind, solar, geothermal, and bio energy; their capacity addition from 2011 to 2015; renewable energy targets by 2020; key projects related to major technologies; and feed-in tariff offered for each technology. The countries considered for this study include the U.S., Canada, Brazil, the U.K., Germany, France, Italy, China, India, and Japan.
The global synchronous motors market is projected to grow at a CAGR of 3.8% during the forecast period, to reach USD 21.49 Billion by 2021. High efficiency associated with synchronous motors, power factor correction capabilities, and stringent regulations are driving the synchronous motors market worldwide. High efficiency associated with synchronous motors makes it superior in comparison to induction motors. This has emerged as a major trend in the synchronous motors market.
The global well completion equipment and services market is expected to grow from an estimated USD 8.98 Billion in 2016 to USD 11.09 Billion by 2021, at a CAGR of 4.31% from 2016 to 2021. Factors such as refracking of mature oil & gas wells and resuming shale operations are driving the market worldwide.
The marine fuel injection market is expected to grow from an estimated USD 4.30 Billion in 2016 to USD 5.20 Billion by 2021, at a CAGR of 3.9% from the 2016 to 2021. Growth of the shipbuilding industry, increase in international sea trade, and stringent marine emission would drive the market for marine fuel injection.
The global power quality meter market is projected to reach USD 1,252.0 Million by 2021, growing at a CAGR of 7.5% from 2016 to 2021. This growth can be attributed to the rising industrial & infrastructural activities and increasing upgradation of transmission & distribution infrastructure, triggered by the rising energy demand. The report segments the power quality meter market on the basis of phase into single and three phase. The three phase power quality meter segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing investments in transmission & distribution infrastructure, renewable power plants, and industrial & infrastructural activities.
The inverter duty motors market is expected to grow from an estimated USD 2.58 Billion in 2016 to USD 4.08 Billion by 2021, at a CAGR of 9.6% from 2016 to 2021. Increasing need for motor efficiency, growing urbanization and infrastructure developments, and high demand for energy density of motors are driving the inverter duty motors market across the globe.
The black start generator market is expected to grow from an estimated USD 1.24 Billion in 2016 to USD 1.50 Billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Increasing investment in power generation infrastructure and growth of manufacturing sector are driving the market for black start generators across the world.
The global distribution boards market is estimated to record a market size of USD 4.33 Billion in 2016, and is projected to grow at a CAGR of 6.4% from 2016 to 2021, to reach USD 5.91 Billion by 2021. Market growth is driven by factors such as the growing need to protect electrical components and networks, increasing global electricity demand, subsequent investments in renewable power plants, and increasing construction and infrastructural activities across the globe.