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Lubricants market size is forecast to generate USD 74.6 billion revenue by 2022: Global Market Insights Inc.

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Lubricants market size is forecast to generate USD 74.6 billion revenue by 2022; as per a new research report by Global Market Insights, Inc. Transportation industry growth, particularly automobile production, is likely to drive lubricants market size. Increase in drilling & exploration activities owing to growth in oilfield chemicals should also spur growth.

Industrial lubricants market size was dominant and occupied a share of over 38% of the total volume in 2014. Increase in industrial output coupled with capacity expansions in mining, machinery and metal forming should favor lubricants demand.

Request for a sample of this research report – https://www.gminsights.com/request-sample/detail/356

Consumer automotive lubricants market share is most likely to see significant gains, at 3.2% CAGR and register demand over 13 million tons by 2022. Increase in passenger car sales in APAC and Latin America coupled with stable U.S. automotive index is likely to drive demand.

Crude oil price slump over the past two years have resulted in bringing down lubricants market price trend. Increasing application scope in niches sectors such as medical devices and 3D printing is likely to boost demand.

Stringent regulations by EPA, REACH and ECHA over toxicity, bioaccumulation and recyclability are likely to threaten industry growth. Technology innovation over developing biobased lubricants market in order to counter environmental concerns may benefit industry participants.

Browse key industry insights spread across 235  pages with 130 market data tables & 15 figures from the report, “Lubricants Market Size By Application (Automotive [Hydraulic & Transmission Fluid, Grease, Passenger Vehicle Engine Oils, Heavy-Duty Engine Oils, Automatic Transmission Fluid, Gear Oil], Industrial [Process Oils, Metal Working Fluids, General Industrial Oils, Industrial Engine Oils]), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, India, Japan, LATAM, MEA), Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/lubricants-market

Key insights from the report include:

  • Global lubricants market size estimates were 37.7 million tons in 2014 and are forecast to attain growth rates at 2.9% up to 2022 and reach 47.7 million tons.
  • APAC, driven by China and India lubricants market size domestic consumption, was dominant regional industry. China metal working fluids market was valued at USD approximately USD 310 million in 2014.
  • The U.S. lubricants market share was estimated at approximately 6.3 million tons in 2014. Heavy duty engine oil demand dominated commercial lubricants market as revenue generation in 2014 exceeded USD 1.1 billion.
  • MEA lubricants market estimate, mainly driven by Saudi Arabia, Qatar and UAE, was calculated over 3.6 million tons in 2014. MEA enjoys the advantage of having natural resources in abundance which ensures continuous supply of key feedstock.
  • MEA passenger vehicle engine oil market is likely to be the fastest growing and register demand over 1 million tons by 2022.
  • Lubricants market share dominated by four companies namely BP, Chevron, ExxonMobil and Shell, comprise about 40% of total market demand. Most manufactures are strategically tying up with major oil & gas E&P companies to ensure continuous feedstock supply. Other major industries include Total, PetroChia, Sinopec, Nippon Oil and Castrol.

 

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About Global Market Insights

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1 888-689-0688

Email: sales@gminsights.com

Web:https://www.gminsights.com

Source: Global Market Insights, Inc.

Automotive fuel cell market size is likely to reach 14,765 units by 2023: Global Market Insights Inc.

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Automotive fuel cell market size is likely to reach 14,765 units by 2023; according to the latest industry research report by Global Market Insights, Inc. Increasing fuel cell vehicle (FCV) market size across the globe owing to rising consciousness regarding effects of pollution caused is likely to drive growth. In addition, low operating cost associated is also likely to propel the automotive fuel cell market share.

Fuel cells offer minimum operating cost and low maintenance as there are very less moving parts involved in the system. Hydrogen fuel is now greatly used in various applications such as buses, back-up power, small fleets of cars, forklifts, and will most likely spread its significance to laptops and cell phones. Lack of durability, high cost and reliability coupled with inconvenience is anticipated to hamper industry growth.

Request for a sample of this research report – https://www.gminsights.com/request-sample/detail/359

Light duty vehicles led automotive fuel cell market share and accounted for over 50% of the consumption in 2015. These vehicles are likely to witness significant gains, owing to their declining cost and rapid technology advancements & innovations. Material handling vehicles are anticipated to witness significant growth, at CAGR of 14.5% from 2016 to 2023. Rising adoption in several application sectors such as inventory management, airport operations and distribution centers should boost demand over the forecast period.

Browse key industry insights spread across 80  pages with 51 market data tables & 19 figures from the report, “Automotive Fuel Cell Market Size By Application (Light Duty Vehicles, Buses, Materials Handling Vehicles) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Japan, South Korea), Application Potential, Price Trends, Competitive Market Share & Forecast, 2012 – 2023” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-fuel-cell-market

Key insights from the report include:

  • Rising consciousness regarding effects of pollution caused by traditionally fueled vehicles is anticipated to remain the key driver for the automotive fuel cell market. High pricing as compared to other zero emission vehicles plays a considerable role in the buying decision.
  • Surging R&D in the fuel cell vehicles market is likely to create high employment as well as business opportunities to industry participants. High benefits offered by these vehicles are likely to boost the implementation and application in the public transit systems.
  • Lack of infrastructure for producing, storing and delivering hydrogen paired with cost associated with replacing the existing the current oil-based infrastructure may challenge the industry.
  • Asia Pacific automotive fuel cell market share dominated global demand and accounted for over 60% of the total volume in 2015; it is likely to grow steadily over the forecast period. Favorable government regulations promoting fuel cell usage is likely to drive regional demand.
  • Key industry players capturing significant industry share are Acumentrics SOFC Corporation, Altergy Systems, Automotive Fuel Cell Corp, Ballard Power Systems, and Fuel Cell Energy Solutions GmbH.

 

Make an inquiry for purchasing this report - https://www.gminsights.com/inquiry-before-buying/359

Read our insightful industry blogs:
https://gminsights.wordpress.com
http://www.fractovia.org

 

About Global Market Insights

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1 888-689-0688

Email: sales@gminsights.com

Web:https://www.gminsights.com

Source: Global Market Insights, Inc.

Personal protective equipment market to reach US$55.5 bn by 2020, rising concerns over occupational safety drive growth

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A report published by Transparency Market Research (TMR) on the global personal protective equipment market estimates the market to register a CAGR of 7.30% between 2014 and 2020.  The market is likely to increase from an overall value of US$34 bn in 2013 to an expected value of US$55.5 bn by the end of the forecast period. The study is titled, “Personal Protective Equipment Market – Global Industry Analysis, Trend and Forecast 2014 – 2020.”

Personal protective equipment (PPE) refers to wearable equipment that protects the wearer’s body from injuries, infections, and various physical, electrical, heat-borne, fire-borne, chemical-borne, and perils of airborne particulate matter. Protective clothing, goggles, industrial footwear, and helmets are some of the commonly used personal protective equipment. In the recent times, this equipment has witnessed a remarkable rise in demand. The increased concerns over the safety of employees at work have propelled the global market for personal protective equipment significantly.

According to the report, the worldwide personal protective equipment market is likely to gain significant impetus from the untapped opportunities present in the developing economies of Asia Pacific and South America over the forecast period. However, the growth of this market is anticipated to be restricted in the coming years, as the rising automation of manufacturing processes has started to limit manual interference in operations.

Get free research PDF for more Professional and Technical insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=842

The report analyzes the worldwide personal protective equipment market on three fronts: Its regional spread, type of equipment, and application. Europe, the Middle East, North America, South America, Asia Pacific, Russia, and Africa have been identified as the key regional markets for personal protective equipment in this research study.

Based on the type of equipment, the market has been classified into face, head, and eye protection equipment, hand protection, fall protection, respiratory protection, hearing protection, protective clothing, professional footwear, and other personal protective equipment. Among these, the professional footwear segment acquired the leading position in 2013 with a whopping US$7 bn. However, the fall protection segment, which stood at US$2.7 bn in 2013, is likely to post the fastest growth rate during the forecast period at a CAGR of 8.80%, notes the study.

By application, the report has segmented the market into transportation, pharmaceuticals, food, chemicals, oil and gas, manufacturing, construction, and several other application. In 2013, the manufacturing segment exhibited the highest consumption of personal protective equipment, accounting for a total revenue of US$6.7 bn. However, the application of such equipment in the transportation industry is likely to increase at the fastest CAGR of 7.80% during the forecast period. The rapid increase in the logistic operations around the world is projected to stimulate the demand for personal protective equipment in this industry over the next few years.

Alpha Pro Tech Ltd., COFRA Holding AG, Oftenrich Holdings Co. Ltd., Uvex Safety Group, JAL Group, Avon Rubber Plc, Honeywell Safety Products, Rock Fall Ltd., 3M Co., and Ansell Ltd. are the major international manufacturers of personal protective equipment, mentioned in this report.

The global personal protective equipment market is segmented into:

By Type

  • Head, eye and face protection
  • Hearing protection
  • Protective clothing
  • Respiratory protection
  • Professional footwear
  • Fall protection
  • Hand protection
  • Others

 

By Application

 

  • Construction
  • Manufacturing
  • Oil and Gas
  • Chemicals
  • Food
  • Pharmaceuticals
  • Transportation
  • Others

By Region

 

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

Research Report: http://www.transparencymarketresearch.com/personal-protective-equipment.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

sales@transparencymarketresearch.com

http://www.transparencymarketresearch.com/

Heating, ventilation, and air conditioning (HVAC) equipment market to reach US$155.1 bn by 2022, rising demand from asia pacific to drive growth

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The rising demand for energy-efficient systems, coupled with the rise in consumer confidence, has led to the increased uptake of heating, ventilation, and air-condition (HVAC) equipment in recent years. Household consumers and end users from commercial and construction domains alike have become more inclined towards technologically innovative products to replace their traditional counterparts. Consequently, HVAC equipment suppliers are diversifying their product portfolios to cater to the consumer demand for advanced system design and technology. A recent report by Transparency Market Research, titled “HVAC Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2022,” pegs the overall value of the global HVAC equipment market at US$91.3 bn in 2013. Rising at a positive CAGR of 6.20% between 2014 and 2022, the market is anticipated to reach US$155.1 bn by the end of the forecast period.

HVAC equipment is installed for the purpose of heating or cooling residential, industrial, and commercial buildings. These systems also provide fresh air to remove airborne contaminants such as odors emitted from furnishings or from cleaning chemicals used to clean indoors, or volatile organic compounds. In the forthcoming years, HVAC equipment is likely to witness rising demand from both residential and commercial market segments due to the drastic climate variations.

Get Free Research PDF for more Professional and Technical insights:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1499

Driven by the growing demand from the commercial sector, the rising expectation of consumers, climate variations, technological advancements, and the implementation of stringent government regulations, the demand for HVAC equipment is anticipated to soar high over the report’s forecast period. The market will also witness rising opportunities in Asia Pacific. On the flip side, the high amounts of energy consumed by HVAC equipment are a major challenge faced by the market. Nevertheless, the proliferation of green technologies, smart homes, and energy-efficient systems will give a significant boost to the market in the near future.

Based on type, the report classifies the global HVAC equipment market into heating and air conditioning equipment. By application, the global market for HVAC equipment is segmented into residential, commercial, and residential. Of these, the commercial sector accounted for the largest share in the market, while the residential sector is anticipated to exhibit healthy growth over the forecast period. However, in the next few years, the industrial segment is likely to lose its share in the HVAC market. Additionally, the tourism and construction industries account for the majority of the demand generated in the commercial segment.

Based on geography, the report segments the global HVAC equipment market into Asia Pacific, Europe, Latin America, the Middle East and Africa, and North America. Of these, Asia Pacific held more than 50% of the global market in 2013, thereby emerging as the largest regional market for HVAC equipment. The region is also anticipated to maintain its dominance in the global market over the report’s forecast period, particularly due to the robust economic growth in India and China. Till date, China has been the largest producer of HVAC equipment in the world. Apart from catering to the high international demand, the county also addresses local demand for low-priced HVAC equipment.

To present a holistic overview, the leading players in the global HVAC equipment market have been analyzed based on their company overview, financial structure, recent developments, product portfolio, and development status. Some of the companies profiled in the report include Lennox International Inc., AB Electrolux, Haier Ltd., Carrier Corporation, Panasonic Corporation, LG Corporation, Daikin Industries Ltd., and Samsung Electronics.

Research Report:http://www.transparencymarketresearch.com/hvac-equipment-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

sales@transparencymarketresearch.com

http://www.transparencymarketresearch.com/

Seatronics adds Teledyne RD Instruments products to its sales portfolio

Seatronics, an Acteon company and leader in marine electronic equipment sales and rentals, has partnered with Teledyne RD Instruments Inc. to sell its marine measurement and navigation products. Customers in the Middle East and South America will benefit from a sales representation and distribution agreement signed in August. Read more…

RUD Lifting Points for Bolting – Safety in Lifting & Flipping Heavy Plant & Moulding Tools

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Eztek Turns 20, Gains ISO 9001:2008 Certificate

Eztek Limited, a provider of surface instrumentation to the oil and gas industry worldwide, has been awarded ISO 9001:2008 certification after demonstrating adherence to strict quality-management standards. This certification is awarded based on rigorous examination of procedures for quality control management which cover the full scope of the company’s activities.

Read full article here

Reef Subsea awarded seabed dredging contract by A/S Norske Shell on Ormen Lange for newly-built Scanmachine 4

Reef Subsea AS announced today that Scanmudring – one of its Norwegian subsidiaries – have been awarded by A/S Norske Shell a seabed dredging contract on Ormen Lange Mid-North field development. The task will be performed by the newly-built Scanmachine 4, the new generation of the highly experienced tool carrier developed and operated by Scanmudring. The water depth, challenging seabed conditions and high precision required in achieving the work are ideal to the new Scanmachine 4 capabilities.

The project objective is to perform final seabed preparation for pipelay within narrow geometrical tolerances (+/- 20cm) and with a curved route to follow. The dredging and rectification works will be achieved at the Ormen Lange Mid-North Field Development at a water depth of about 950m, with an uneven seabed mainly composed of hard clay. The contract has an option for similar work to be accomplished for Ormen Lange Further North development.

The Scanmachine 4, which has been available since January 2012, is the new generation of this robust, precise and flexible tool carrier platform. It has retained the existing proven design and added key improvements in technology and the ability to function in deep water up to 2500m. The Scanmachine 4 also benefit from a new generation of Control System to achieve high precision monitoring of the situation on the seabed. In this Project, the Scanmachine will be fully integrated with the Ormen Lange in-field LBL positioning system that improves positioning subsea.

Mark Preece, Reef Subsea Chief Executive Officer, said: “We are extremely pleased to have the brand-new Scanmachine 4 ready in time to support A/S Norske Shell on Ormen Lange challenging subsea gas field. Scanmudring has over the past few years performed work for Shell, sometimes repeatedly and as a subcontractor, on Inde, Draugen and Shearwater fields. The Scanmachine 4, which has been conceived for worldwide operations, has already found her market in one of the deepest and most demanding fields of the North Sea. We expect it to be attractive to all our clients around the world, who can now benefit from our extended presence and capabilities resulting from the friendly acquisition of Rotech Subsea and their current merger with Scanmudring”.

Reef Subsea AS is an international group providing cost-effective integrated subsea services to the Oil & Gas and Renewables industries. Its specialised subsidiaries – Technocean, Reef Subsea Power & Umbilical, Specialist Subsea Services and Scanmudring-Rotech Subsea – provide operators and contractors with highly experienced personnel, key subsea technologies and construction support vessels. Reef Subsea serves its clients in the deepwater or demanding environments of the North Sea, Americas, Middle-East and South-East Asia areas. Reef Subsea is a 50/50 owned company of GC Rieber Shipping and HitecVision.

Source: Reef Subsea

Bowtech Products Ltd. to exhibit at Offshore Technology Conference (OTC) 2012

Prototypes of new SD and HD cameras – Discussing upgrade of tooling and diving cameras – Launching new MINI and MICRO cameras

Bowtech Products Ltd., a market leading manufacturer and supplier of cameras, LED lighting, connectors, fiber optic multiplexers and slip rings for use in underwater or hazardous area applications, to any ocean depth, has announced that they will be exhibiting at the Offshore Technology Conference (OTC) 2012, held from the 30th April to the 3rd of May, at the Reliant Center in Houston, USA.

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Leading Supplier of Frond Mats in China

Seabed Scour Control Systems Limited (SSCS) was established in 1984 to provide Frond Scour Protection Systems and Services to the offshore subsea oil and gas industry.
http://www.sscsystems.com/Scour-Control.aspx 

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These include turbine repair and overhaul, maintenance and support, the supply of spare components and the supply or exchange of complete turbines, in particular Rolls-Royce Avon and Olympus. www.albapower.co.uk

Are you looking for a leading supplier of Avon Olympus Gas Turbines in Saudi Arabia?

Alba Power was founded in 1997 to offer a reliable, cost-effective alternative to traditional aero-derivative gas turbine support services (especially for Avon and Olympus turbines) conventionally delivered by OEMs. www.albapower.co.uk

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Oteac Appointed Detronics Agent for Oil & Gas and Petchem Sector

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