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 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 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 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 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 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 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 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.
The global intelligent motor controller market is estimated to be USD 656.9 Million in 2016, and is projected to reach USD 857.6 Million by 2021, at a CAGR of 5.48% from 2016 to 2021. Increasing demand for smart and multifunctional integrated devices, rising penetration of automation in developed region, and growing concerns regarding the efficiency of motors are driving the intelligent motor controller market.
The low voltage disconnect switch market is projected to reach a market size of USD 3.51 Billion by 2021 from an estimated value of USD 2.81 Billion in 2016 at a CAGR of 4.5% during the forecast period. The low voltage disconnect switch market is broken down into several segments; Type (Fused and Non-fused), by Mount (Panel, DIN Rail and Others), By Voltage (0-240V, 240-480V, and 480-690V) By Application (Industrial and Commercial) & By Region (North America, South America, Europe, Asia-Pacific, and the Middle East & Africa).
The global managed pressure drilling services market is projected to witness high growth on account of growing need for optimized drilling processes and safe & effective operational aspects of managed pressure drilling. The global market is estimated to be USD 3.81 Billion in 2016, and is projected to reach USD 4.60 Billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Deepwater drilling in Africa and Latin America is expected to boost the demand for managed pressure drilling services during the forecast period. The North American market is also projected to grow at a moderate pace, aided by large-scale spending for the development of unconventional resources, such as shale plays, where managed pressure drilling is used to access difficult formation and drill wells in the most economical way.
The global gear motors market is estimated to be USD 18.08 Billion in 2016, and is projected to reach USD 23.94 Billion by 2021, growing at a CAGR of 5.8% from 2016 to 2021. Factors driving the gear motors market include increasing wind power installations, the minimal cost and compact nature of gear motors, and growing concerns regarding the efficiency of mechanical power transmission.
The growing global energy demand has resulted in a rise in oil & gas production in regions such as North America and the Middle East, leading to an increase in exploration & production (E&P) activities in these regions. Drilling activity plays a crucial role in oil & gas E&P. The rise in drilling activities has resulted in an increasing amount of waste produced while drilling.
The power rental market earns its revenue by renting generators, load banks, and pumps among others or from selling electricity generated from a temporary power plant. Factors such as increasing global electricity demand, especially in emerging economies such as Asia-Pacific and Africa, lack of power infrastructure, and extensive construction & development work in developing countries are the major reasons for large contracts and agreements taking place in the power rental market.
The Asia-Pacific package substation market is expected to reach USD 3.04 Billion by 2020, at a CAGR of 7.82% from 2015 to 2020. The growth of this market is attributed to huge electricity demand and modernization of existing power infrastructure in developing countries. Investments for renewable power generation in South Asian countries have been planned to meet the rising power demand, which in turn are going to boost the demand for package substations in Asia-Pacific.
The global drilling waste management market is estimated to be USD 3.80 Billion in 2015, and is projected to reach USD 5.08 Billion by 2020. The market is projected to grow at a CAGR of 6.0% from 2015 to 2020. Rapid technological developments improving the drilling and production capability aid exploration and production activities in the deep-water and ultra-deep-water areas across the globe. These factors boost the drilling waste management market.
The global heat recovery steam generator market is projected to grow at a CAGR of 3.7% from 2015 to 2020 to reach USD 888.20 Million by 2020. Increasing global electricity demand, subsequent investments in power plants, increasing efforts to reduce global greenhouse gas emissions, and growing adoption of CCPP & CHP are the factors driving the heat recovery steam generator market.
The Direct Methanol Fuel Cells (DMFC) market is expected to reach USD 188.82 Million by 2020, at a CAGR of 15.3% from 2015 to 2020. The growing demand for clean energy has been accompanied by depletion of fossil fuels, which has shifted the focus toward fuel cell markets. The DMFC market is still in its initial development phase in all the regions due to slow infrastructure development for refueling of fuel cells, technical limitations, and use of expensive materials for its manufacturing. Government initiatives and grants for fuel cell research, investments from financial institutions, high-energy storage density as compared with batteries and other fuel cells, growing demand for clean energy, and use of cheaper metals for its manufacturing are driving the growth of the global DMFC market.
The global mooring systems market is expected to grow from USD 1.58 Billion in 2015 to USD 1.89 Billion by 2020, at a CAGR of 3.7%. Asia-Pacific accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. The increase in the energy demand has resulted in the rise in oil & gas production from the regions such as North America and the Middle East. Due to the maturing onshore oil & gas fields there has been a shift of exploration & production activities towards offshore reserves.
The Pad-mounted transformer market is estimated to reach USD 6 Billion by 2020. The current market size is valued at USD 4.5 Billion and is estimated to grow at a CAGR of 5.21% for the forecast period from 2015 to 2020. The report segments pad-mounted transformers on the basis of its phase, rated power, insulation type, and by end user. The only other technology available is pole-mounted transformer. Pole-mounted transformers are currently limited by rated power as high rated power pole mounted transformers are bigger in size and need strong poles with proper balancing to mount. Other than that, there is no technology at present which can replace pad-mounted transformers.
The report defines and segments the offshore cranes market with analysis and forecast of the global capex on offshore cranes application, design type, and lifting capacity. The offshore crane market is expected to grow from an estimated USD 14.19 Billion in 2015 to USD 21.64 Billion by 2020 at a projected CAGR of 8.8%. The market is driven by the increase in offshore spending and rising demand of oil & gas, which is met by increasing investments in emerging economies with proven oil & gas reserves.
The global motor protection market size is estimated to be around USD 5.09 Billion in 2015, and is expected to grow at a CAGR of 6.86% during the forecast period. Factors driving the motor protection market include global rise in demand for motors and growing concern towards its safety and growth in HVAC system. Major offshore oil & gas developments and rising expenditures in the water & wastewater industry are the major opportunities of the motor protection market.