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United States hydraulic (oil) press industry 2016 competitive landscape, major applications & analysis of emerging market (demands, trends)

The recently published report titled United States Hydraulic (oil) Press Industry 2016 Market Research Report is an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of United States Hydraulic (oil) Press market considering all the major industry trends, market dynamics and competitive scenario.

The United States Hydraulic (oil) Press Industry Report 2016 is an in depth study analyzing the current state of the United States Hydraulic (oil) Press market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on United States Hydraulic (oil) Press market provides analysis of market covering the industry trends, recent developments in the market and competitive landscape. Competitive analysis includes competitive information of leading players in market, their company profiles, product portfolio, capacity, production, and company financials. In addition, report also provides upstream raw material analysis and downstream demand analysis along with the key development trends and sales channel analysis. Research study on United States Hydraulic (oil) Press market also discusses the opportunity areas for investors.

View Full Report at http://globalqyresearch.com/united-states-hydraulic-oil-press-industry-2016

With 153 tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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The research report will enrich your decision-making capability by helping you to –
Design and improve your product development and sales strategies and enhancing your marketing activities
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Create merger and acquisition opportunities by identifying the market players with the most innovative pipelines
Identify the regional market potential which would further help in designing regional market strategies
Understand the competitive scenario in the United States Hydraulic (oil) Press market
Take more informed business decisions by relying on the insightful opinions from industry experts

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Heavy lifting and material handling equipment for the offshore industry – research report 2020

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The increasing offshore installations have to be supported by reliable lifting and material handling services to manage operations in an efficient manner. The lifting requirements of offshore installations vary depending on the vessel type. The companies providing heavy lifting and material handling equipments to the offshore industry also build standardized blocks to cater the lifting requirements in offshore facilities. However, the offshore vessels may be designed to handle various materials and thus their lifting and material handling requirements vary in some cases. In several regions the offshore safety authorities regulate the designing of equipment which are to be utilized in the offshore facilities. The machinery regulations govern the manufacture and sale of lifting appliances which are to be used in offshore basins.  The equipment providing companies have to develop safe solutions for subsea load handling in stringent weather conditions. The market for heavy lifting and material handling equipment for the offshore industry is anticipated to grow at a substantial rate in future owing to increasing requirements from offshore operators.

The requirement for advanced lifting systems and increasing safety parameters of the offshore industry are the major drivers attracting investment in for heavy lifting and material handling equipment market. The offshore facilities are located in stringent weather conditions and there are several heavy lifting tasks to be performed in such facilities. The equipment providers need to design their devices keeping in mind the specific requirements of the offshore vessel and the precise task it is meant to perform. Nations such as the U.K and Norway have laid down strict design parameters for heavy lifting and material handling equipment. The manufacturing companies are investing additional amounts to design innovative solutions which would also meet the safety parameters of the operating region. However, designing effective solutions for offshore installations which have space constraints is a major factor impacting the growth of the market.

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The market for heavy lifting and material handling equipment for the offshore industry can be segmented based on the products available in this industry. The lifting and material handling equipment are designed to perform specific tasks, thus the solutions are designed according to the requirement of the vessel. The major product categories available in this market are offshore cranes, subsea winches, A- frames, pull-in systems, skidding and trolley systems, module handling towers and compensators. Apart from the above mentioned product categories several other equipment are designed to cater the need of the offshore industry.

The increasing offshore production activities in the Latin American region will provide the major market heavy lifting and material handling equipment in the coming future. Planned expansion projects and the large offshore reserves of West Africa is one of the prospective regions for the growth of heavy lifting and material handling equipment market. The strict guidelines issued by government agencies in European nations will further attract investment in this market. The exploration companies in Asia Pacific are also increasing investment in FPSO and FLNG systems which would provide growth opportunities to heavy lifting and material handling equipment market.

 

Some of the major companies providing services in the heavy lifting and material handling equipment business are Hyundai Heavy Industries, TTS Group ASA, AXTech AS and Konecranes.

Research Report:http://www.transparencymarketresearch.com/heavy-lifting-material-handling-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.

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At CAGR of 16.2%, global FPSO market to reach US$43.39 bn by 2021; research analysis & forecast 2020-2021

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Oil remains the major choice of fuel for the purpose of transportation and is not expected to change materially in the foreseeable future. Deepwater oil discoveries is gaining significant importance attributed to the rapid depletion of onshore existing oil fields and no significant discoveries of new fields in the past few years. Due to this factor, oil and gas companies have pushed exploration offshore for discovering new oil reserves. During the past six years, around 50% of the offshore discoveries have been in deepwater and ultra-deepwater. Due to this factors demand for FPSOs for offshore oil and gas production is expected to see a robust growth during the forecast period.

According to a new market report published by Transparency Market Research “FPSO Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2021,” the FPSO market was valued at US$15.86 bn in 2014 and is expected to reach US$43.39 bn by 2021, growing at a CAGR of 16.2% from 2015 to 2021.

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FPSO industry is capital intensive in nature. It requires high initial investment and substantially huge financing for construction or building of a new FPSO unit. Building a new FPSO cost around USD 2.5 to 3 billion, however a cost of conversion of a surplus oil tanker or aging hull is around USD 1.5 to 2.0 billion. Additionally, operation, testing and deployment costs add to the total investment in a FPSO vessel. Furthermore, rising cost of materials and high labor cost due to inflation is further affecting the return of investments (ROI) of FPSO operators. All these factors are posing as a major restraint for the growth of FPSO market during the forecast period.

Presently, the market is dominated by converted FPSO unit than a new build FPSO vessel. Opportunities in FPSO market lies in increasing demand for conversion of oil tankers into a FPSO vessel. FPSO builders are increasingly focusing on acquiring former oil tankers and converting it into an advanced FPSO vessel. Moreover, opportunities lies in collaboration and partnership among various players present in different stages of the value chain of FPSO industry aimed at faster deployment and construction of FPSO vessel.

Geographically, Americas led the FPSO market in 2015 and the region is expected to continue its dominance till 2021. Growth in this region is attributed to the increasing investment in exploration in offshore of Brazil and development of new oil fields in the region. Additionally, Africa region is also expected to see a robust growth during the forecast period attributed to the rise in demand for installation of FPSO units in the fields of Angola, Ghana, Nigeria and Guinea.

Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of FPSO industry. Major market participants profiled in this report include MODEC, Inc. (Japan), SBM Offshore N.V. (Netherlands), BW Offshore (Norway), Bluewater Energy Services B.V.(Netherlands), Aker Solutions ASA (Norway), Hyundai Heavy Industries Co., Ltd. (South Korea), Bumi Armada Berhad (Malaysia), Yinson Holdings Berhad (Malaysia), Teekay Corporation (Bermuda) and Samsung Heavy Industries Co., Ltd.

 

The report studies the global FPSO market, and provides estimates in terms of revenue (USD Billion) from 2015 to 2021. Market estimates on the basis of type and water depth for each region. The market has been segmented as follows

Global FPSO Market: By Type

  • Converted
  • New-build
  • Redeployed

Global FPSO Market: By Water Depth

  • Shallow water
  • Deepwater
  • Ultra-deepwater

Research Report:http://www.transparencymarketresearch.com/fpso-vessels-equipments-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.

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Fire protection equipment market – global industry analysis 2020

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Increase in expenditure on the protection of assets from fire hazards is contributing to the growth of the fire protection equipment market. Moreover, increasing awareness in combating fire hazards along with considerable growth in building of infrastructures is also fueling this market. Therefore, this market has witness traction in the fields of the banking, retail, energy and power, healthcare, government, and mining among others. Organizations across the globe have remarkably increased their spending on fire protection to safeguard their infrastructure and also to reduce human losses. Technologies, such as smart building, human machine interface solutions, nanotechnology, and wireless sensory networks are expected to enter in the fire protection systems market. Newly innovated advanced sensors, that provide accurate data to the control units, have been developed. Intelligent sensors possessing networking capabilities, in a group of detectors and sensors can easily communicate through control units that help in achieving more efficiency in the systems. Distant users are now able to access these intelligent detectors and sensors by connecting through WAN/LAN networks.

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Implementation of the renovation conducts and building safety codes against fire is a major driving factor for the remarkable growth of fire protection equipment market. For instance, in China, the Code of Design for Building Fire Protection and Prevention forms a part of the national building standards. These standards are developed by state agencies with the help of designers, industry and municipal agencies. Such regulations are governed by the public security ministry through local fire services. Owing to the growth in infrastructure in the developed countries, new opportunities are defined in the fire protection system market. In addition, increasing number of fire accidents leads to increased number of causalities, losses of assets as well as humans. To restrict and reduce these causalities from such threats the need of fire protection equipment is increasing. Organizations are anticipated to invest in this market at a much higher rate as compared to the past. The organizations have to adhere to strict corporate compliance and regulatory requirements, owing to which sectors such as mining, energy, oil and gas and power, are showing positive trend.

Demand for fire protection equipment is price elastic, so it forces manufacturers to make products of high quality at low prices. Established market players can handle price pressures by outweighing lower earnings from products providing higher profits, however, it is a major challenge for small players in order to remain competitive. But with technological advancements, market is likely to observe low cost fire protection equipment market in near future.

One of the challenges that the fire protection market faces is of user interface, especially when there is a use of multiple solutions in the control mechanism. For instance, integration of fire detectors to the existing one may lead to difficulties for the user which is encumbered with the task of learning different interfaces.

European region poses as the largest market for fire protection system worldwide. The reason being, compulsory conformance to strict government rules and regulations related to installation of fire protection system in buildings. Similarly, Asia-Pacific is expected to achieve the fastest growth in the fire protection system market owing to considerable growth in building of infrastructures.

 

Some of the major players operating in this market are; Cooper Wheelock, Bosch Security System Inc., Gentex Corporation, Panasonic Corporation, ADT Security Services Inc. Honeywell Security & Communications, WSA Fire Systems., Napco Security Company Inc., Nittan Company Limited, RSG/Aames Security Inc., Signal Communications Corporation, Siemens Building Technologies Group, Tyco International, Ltd., Spectronics Corporation, SimplexGrinnell LP, Fenwal Controls Japan Ltd, Nohmi Bosai Ltd, and Space Age Electronics Inc., among others

Research Report: http://www.transparencymarketresearch.com/fire-protection-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.

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Compressed natural gas market to be driven by greater preference for cleaner fuels; research report 2020

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Growing at a 12.3% CAGR between 2014 and 2020, the global compressed natural gas (CNG) market will report a market value worth US$126.19 billion by 2020, up from US$56.32 billion in 2013. The demand for vehicles functioning on compressed natural gas significantly influences the demand for compressed natural gas. When natural gas is compressed to lower than 1% the volume it takes up in normal and general atmospheric conditions, it is termed as compressed natural gas.

It is a clean source of energy used by most vehicles all over the world. In contrast to diesel and gasoline, compressed natural gas ensures minimal vehicular emissions. Furthermore, compressed natural gas is becoming a popular fuel type these days owing to greater government mandates and strict rules which promote the consumption of clean energy. It is also a widely preferred fuel choice when it comes to automobiles. There exists no direct compressed natural gas source, which is why the sources of both natural gas and compressed natural gas are one and the same.

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Lower Crude Oil Production to Affect the Segment of Non-Associated Gas in the Global Compressed Natural Gas Market

Source type, end use, and geography are the three main parameters based on which the global compressed natural gas market is segmented. The three categories in this market based on source type are associated gas, non-associated gas, and unconventional methods. In 2013, an overwhelmingly dominant market share of almost 90% was held by the non-associated gas category. The segment for associated gas is expected to witness a fall in market share during the forecast period. The factors governing such a trend are the decreasing quality of current oil wells and declining production of crude oil.

The most lucrative segments in the global compressed natural gas market in the years to come are expected to be unconventional gas and non-associated gas. On the basis of end use, the global compressed natural gas market is segmented into light-duty vehicles, medium-duty/heavy-duty buses, medium-duty/heavy-duty trucks, and other CNG-operated vehicles such as rickshaws. Such vehicles are commonly found in Latin America and Asia Pacific. In 2013, in terms of the total number of CNG vehicles, the light-duty vehicles segment held the largest share – almost 93%. However, in terms of consumption of CNG, this segment accounted for only 50.2%. This pointed to the fact that huge quantities of CNG are consumed by the segments of passenger cars, and light-, heavy-, and medium-duty vehicles.

Abundant Availability of Natural Gas to Propel North America Compressed Natural Gas Market

Regionally, the global compressed natural gas market is segmented into North America, South and Central America, Asia Pacific, Europe, and the Middle East and Africa. The Latin America compressed natural gas market primarily focuses on the segment of light-duty vehicles. The Asia Pacific market for the same has well-developed segments of different types of vehicles. The Africa and the Middle East compressed natural gas market exhibits the highest consumption of CNG in the segment of light vehicles. This is because of the mandates and incentives that promote the conversion of trucks and buses to work on compressed natural gas.

 

Owing to excess availability of natural gas domestically, the North America market for compressed natural gas is anticipated to witness the highest rate of growth during the forecast period. The North America market will be propelled by rising demand for CNG in the U.S., where the availability of inexpensive natural gas leads to lucrative incentives to truck and bus owners for converting their vehicles to CNG models.

J-W Power Company, Pakistan State Oil, China Natural Gas Inc., ANGI Energy Systems Inc., GNVert, Trillium CNG, OAO Gazprom, NEOgas Inc., National Iranian Gas Company, and Indraprastha Gas Limited are a few of the prominent companies operating in the global compressed natural gas market.

Research Report:http://www.transparencymarketresearch.com/compressed-natural-gas.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.

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Subsea compression system market – an analytic outlook: 2016 – 2023

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Offshore is expected to be the most important source of new oil and gas production in upcoming years. Declining reserves in existing wells accompanied by rising energy demand are lending drive to subsea exploration. Subsea production systems are considered to be an important part of offshore developments. Subsea exploration is fuelling the demand for subsea equipments globally. Reservoir pressure in producing gas fields is declining over time causing gas output to decline gradually. For production to be economical, gas pressure must be raised to maximize production.

Subsea can supply separation and compression capabilities to deliver natural gas to onshore processing facilities to enhance the production of oil and gas from subsea wells. Subsea compression is cost effective for the gas fields requiring pressure boosting. Reliable subsea compression is a key to push subsea production from marginal and deepwater fields. The subsea compression system will provide benefits compared with installing a new platform including capital expenditure and operating expenditure. The subsea compression unit must be continuous and maintenance free operations for few initial years. Subsea compression is an energy efficient solution for oil and gas industry as they work close to the well.. As compression maintain flow rate of gas above hydraulic limit, more hydrocarbons can be recovered from the reservoir. The added value of subsea compression system depends on several factors such as tieback distance type of reservoir, production system and water depth.

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Subsea compression system market can be segmented on the basis of geography into North and South America, Europe, Asia Pacific and Rest of the world.  West Africa is estimated to have the largest deepwater and ultra deepwater reserves followed by South America, Western Europe and North America. The expenditure of each market segment varies based on the activity and maturity levels. Western Europe with mature reserve constitutes a large share of the subsea compression system market as compared to South America, which is a few matured subsea regions. The market in West Africa is dominated by Angola and Nigeria. In South America, Brazil with high installation investments and subsea infrastructure acquires a major share of the subsea compression system market. In North America, Mexico and the U.S. constitutes of the major share of the total subsea compression system market.

One of the driving forces in the subsea compression system market is the reduction in development cost as compared to the traditional method. Compression on the seabed provides better efficiency than a conventional topside facility. The subsea compression system market is expected to grow in the coming year because subsea compression is vital part of subsea production system. Subsea compression system addresses declining gas reservoir pressure offering an attractive combination of economic and environmental benefits. Subsea compression can be considered as a technology for recovering increased volumes from beginning of the projects and at a later stage of the field life. Subsea compression will become widespread as projects move into deeper water, further from shore. Subsea compression system will also eliminate the need for a new submersible platform with heavy weights. It will also provide far reaching HSE benefits to subsea gas developments. The added value of subsea compression system depends on several factors such as tieback distance type of reservoir, production system and water depth

 

Some of the global players in the subsea compression systems market are One Subsea, Aker Solutions and FMC Technologies. Mergers, acquisitions and partnership will help subsea equipment suppliers to penetrate global subsea compression system market.

Research Report:http://www.transparencymarketresearch.com/subsea-compression-system-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.

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Ram type blowout preventer – new oil & gas industry opportunities 2016 – 2023

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Ram type blowout preventers are highly necessary equipment for any well and are utilized for controlling erratic pressures and uncontrolled flows. Numerous major oil spillages such as the Deepwater Horizon Oil Spill off the Gulf of Mexico had taken place owing to a faulty blowout preventer. As such, companies today take immense care in selecting blowout preventers for their rigs and often order more than one blowout preventer as a backup. Annular and ram are the two basic blowout preventers which are generally employed in drilling operations. These blowout preventers are usually used together in drilling rig blowout preventers stacks. The ram blowout preventers have to be designed according to American Petroleum Institute standards of safety. The market for ram type blowout preventers is anticipated to grow at a substantial rate in future owing to increasing safety standards, especially in offshore locations.

Stringent norms and regulations in upstream hydrocarbon sector and efficient exploration operations are some of the major drivers attracting investment in ram type blowout preventers market. The U.S. has a reputation of having some of the most stringent regulations globally for oil spills, especially in marine environments. The regulations and punitive damage structure for oil spills in the U.S. is imposed both at a federal and state level. The regulations pertaining to oil spills have been also been tightened in the South and Central American countries. The uncertainty in crude oil prices is a major restraint which might hamper the growth of ram type blowout preventer market. Since the demand for blowout preventers is primarily dependent on new drilling activity globally, low oil prices can potentially affect manufacturers of blowout preventers.

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The market for ram type blowout preventers can be segmented on the basis of location and type into two broad categories. On the basis of location the market can be segmented as onshore and offshore. On the basis of type the ram type blowout preventer can be segmented as purchase and rental blowout preventers. Exploration and production (E&P) companies have two options when it comes to drilling a new oil well. Large E&P companies often operate their own rigs in which case they might prefer purchasing ram type blowout preventers directly from manufacturers. However in most of the cases, E&P companies hire rig contractors or oilfield service companies to carry out such operations on their behalf. These market players generally exhibit a higher preference towards rental blowout preventers.

Currently, North America is the largest market for ram type blowout preventers. The onshore hydrocarbon activities in Oklahoma coupled with increasing offshore activities in Gulf of Mexico are the major factors bolstering investment in this market. Middle East is also one of the major markets for onshore installations of ram type blowout preventers. In the offshore sector, Latin America and West Africa are one the prominent markets for these blowout preventers. The planned offshore activities in Brazil, Nigeria and Angola will provide growth opportunities for this market. Countries in Asia Pacific such as Australia and Malaysia are also prospective markets for the growth of ram type blowout preventer market.

Some of the major market players investing in ram type blowout preventers are Axon EP Inc., Cameron International Corporation, UZTEL S.A, and National Oilwell Varco.

Research Report:http://www.transparencymarketresearch.com/ram-type-blowout-preventer-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

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Restrictions on VOC emissions keep demand for conventional high performance anti-corrosion coatings in check, drive innovations

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The market for high performance anti-corrosion coatings comprises a vast array of materials that are used on concrete, metals and other structures to protect their surfaces from the damage that corrosive environments can cause. These enhanced protective coatings are also sometimes called heavy-duty coatings owing to their features such as excellent resistance to moisture and heat, durability, high adhesion on substrates, and good gloss retention. The use of high performance anti-corrosion coatings is indispensable for protecting surfaces that are vulnerable to the effects of corrosion and rust and are prone to deterioration in harsh environments.

High-performance anticorrosion coatings find applications across chemical plants, paper and pulp mills, oil refineries, the marine industry, and many other industries for protection or industrial maintenance of structures such as pipes, tanks, and processing equipment. A recent market research report published by Transparency Market Research examines the global high-performance anticorrosion coatings market and analyzes the factors that are influencing the development of the market. The report states that the market will exhibit a moderate 4.8% CAGR from 2015 through 2023.

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Despite the high applicability of these coatings, the key factors holding back the market and how they are changing the market’s growth dynamics are addressed by TMR analysts in this research.

What are the major restraints to the market’s growth?

Strict government regulations pertaining to volatile organic compound (VOC) emissions is one of the chief factors restraining the expansion of the global high performance anti-corrosion coatings market. A majority of the conventional high performance anti-corrosion coatings are made from petrochemical-derived raw materials. Historically, all resin types used in high performance anti-corrosion coatings used petroleum solvents. These solvent-borne coatings have high VOC content and are being scrutinized for the harm they cause to human and environmental health. To comply with the strict emission control guidelines, high performance anti-corrosion coatings manufacturers are focusing on the development of bio-based raw materials and waterborne coatings.

What are the other major trends in the global high performance anti-corrosion coatings market?

The high performance anti-corrosion coatings market is also becoming more resistant to the use of heavy metal-based corrosion inhibitors in their products. Until a few years back, heavy metal-based corrosion inhibitors were widely accepted owing to the excellent corrosion protection capability granted by a variety of heavy metal pigments to high performance anti-corrosion coatings. Regulations pertaining to occupational safety of employees are increasingly putting pressure on companies to replace barium, chromium, zinc, and many other heavy metals with eco-friendly alternatives. This has led to a significant rise in research aimed at the development of effective anti-corrosion elements in the high performance anti-corrosion coatings market.

What developments have been observed on the front of bio-based coatings?

 

The segment of epoxy resins-based coatings, which currently have a share of nearly 55% of the global high performance anti-corrosion coatings market, is expected to drive shift of the market to bio-based products. Researchers have formulated efficient ways of manufacturing epoxy resins with the help of bio-based raw materials such as natural oils, natural phenol compounds such as lignin and tannin, and carbohydrates. Though most commercially available bio-based resins have only up to a maximum of 50% biodegradable substances, further research will lead to a significant rise in this percentage in the coming years.

Research Report:http://www.transparencymarketresearch.com/high-performance-anticorrosion-coatings-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.

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Transparency Market Research

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Exploration & drilling security – advanced market research review 2020

 

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The increasing challenges for exploration companies to operate in a challenging environment has led to the development of exploration and drilling security market. Rising production in offshore locations and unconventional sources has led the major exploration companies to invest in drilling and production activities. Many major companies are expanding their present infrastructure in less developed regions, thus security concerns increases with the increasing infrastructure development. To cater the rising security issues and the threat of attacks, many technology developers are heavily investing in exploration and drilling security market. Attacks on supply infrastructure, terrorist attacks and unnatural disasters are some of the major concerns which have forced the major exploration companies to invest in this market. The market for exploration and drilling security is expected to rise at a substantial pace in the future owing to rising security issues.

Increasing expenditure of exploration companies in infrastructure development and expansion of exploration sites are the major drivers encouraging investment in exploration and drilling security market. With rising investment in infrastructure development the major exploration companies have also started investing in the security market for safe operations at these sites. The increasing drilling activities in politically unstable areas such as Africa and Middle East are also a major driver bolstering the exploration and drilling security market.

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The political situations in these regions is not stable, thus the exploration companies operate in an unstable environment which forces these companies to invest in the security market. However, all the major hydrocarbon discoveries, especially the offshore discoveries, are located at distinct areas which make it difficult for the companies to implement a central comprehensive security system. This security implementation problem may act as a restraint in further growth of exploration and drilling security market. Increasing security regulations and mandatory standards in major oil and gas producing regions of the world provide an opportunity for the growth of the market in future.

The market for exploration and drilling security can be segmented into two broad categories depending on technology solutions implemented in this market. Network security and physical security are the two major areas in the exploration and drilling securities market. Network security can further be segmented as firewall protection, incident response and disaster recovery system, SCADA network security, security information and event management system. Physical security market can also be further categorized as microwave detectors, radar and thermal imaging, fiber optic sensors, acoustic systems, alarms, sonar systems, personnel tracking and RFID. The market for exploration and drilling security can also be segmented based on professional services as risk management services and system design and integration services.

Africa is the major potential segment for the growth of the exploration and drilling security market. The political unstable environment of this region and increasing offshore drilling activities in this region are the major factors driving exploration companies to invest in the securities market. Middle East and South America are also prospective regions which are investing heavily in exploration and drilling security market. Increasing drilling activities from unconventional sources in North America has also encouraged technology developers to provide security solutions in this region.

Some of the major companies operating in the exploration and drilling security market are Lockheed Martin Corporation, Siemens AG, Cisco Service, Waterfall Security Solutions and Honeywell International, Inc.

Research Report: http://www.transparencymarketresearch.com/exploration-drilling-security-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

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Exploration and production software market to gain from rising exploration activities in emerging economies

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A new research by Transparency Market Research provides a comprehensive overview of the global exploration and production software market. The report is titled “Exploration and Production (E&P) Software Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

Exploration and production (E&P) is an upstream segment in the oil and gas industry consisting of the exploration stage, which includes testing and drilling, locating oil and gas, and the production stage. E&P software provides solutions dedicated to managing exploration and production activities in the oil and gas industry. These solutions help users interpret seismic data, which in turn helps in estimating the properties of the Earth’s subsurface from reflected seismic waves.

With the recent advances in E&P, the installation of software-based exploration and production tools has considerably increased. This in turn has increased the workflow productivity thus assisting in the creation of an efficient model of operation in difficult reservoirs. The implementation of E&P software also functionalizes repeated workflows.

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As per the report, the increasing demand for energy derived from natural resources has created constructive opportunities for enterprises operating in the E&P software market to grow at a sustainable pace. Besides this, the market also has been gaining from the rising demand witnessed in India and China. On the contrary, the high cost of installation and lack of technical skills are a few restraining factors adversely affecting the market.

The global market for exploration and production software can broadly be classified on the basis of software types, components, deployment types, and geography. In terms of component, the market can be bifurcated into software and services. In terms of deployment, the market can be segmented into cloud-based software, managed software, and on-premise software. Based on software type, the market includes seismic amplitude analysis, risk management mapping, portfolio aggregation, navigation systems, resource valuation, performance tracking, and others. Of these, risk management mapping tools are used for the management, control, and identification of the prevalent risk factors at the workplace.

Regionally, the report segments the market into Asia Pacific, North America, Europe, Latin America, and the Middle East. The deployment of exploration and production software is extensive in regions where a large number of onshore and offshore refineries and oil rigs are located.

Compiled with the intent of updating stakeholders about the prevailing market dynamics, the report also includes a holistic assessment of the market’s vendor landscape. Some of the companies profiled in the report include ETL Solutions Ltd, Paradigm B.V, Interactive Network Technologies, Inc., Schlumberger Limited, Aconex, and others.

Research Report: http://www.transparencymarketresearch.com/exploration-and-production-ep-software-market.html

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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.

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Increasing demand from petrochemicals and refining industries enables flow meters market to expand at 9.5% CAGR from 2015-2020

 

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Transparency Market Research (TMR) has announced the addition of a new market study on the flow meters market. The report is titled “Flow Meters Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021.” According to the report, the global flow meters market is expected to be worth US$9.61 bn by 2021. It was valued at US$5.20 bn in 2014 and is expected to expand at a CAGR of 9.5% between 2015 and 2021.

A flow meter is a device used for the measurement of volumetric, mass, and linear and non-linear flow rate of a gas or fluid. Different types of flow meters are used for the measurement of various parameters of a fluid as it flows through a pipe. Flow is measured by measuring the speed of the liquid over a certain area. Flow meters comprise a stop, scale, indicator, and tube. The performance of a flow meter relies on aspects such as density, pressure, viscosity, and temperature of liquids.

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The increasing demand from the petrochemicals and refining industries is the primary growth driver of the flow meters market. The performance of petrochemicals and refining industries impacts the flow meters market to an extent. Flow meters are used in custody transfer, interwell allocation, and gas flaring. Their use is mandated by environmental regulations for quality control and revenue calculations, aiding the growth of the market. Flow meters are used in various other industries apart from the petrochemical industry, such as agriculture, waste water management, and others, which is positively impacting the market. Furthermore, the global flow meters market is boosted by the replacement of outdated flow meters with newer smart flow meters. Smart meters are a relatively new trend in the global flow meters market. These are accurate in measurement and much more reliable as compared to the earlier generations of flow meters.

The global flow meters market is segmented on the basis of region, application, and product type. On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World. Of these, Asia Pacific held the largest market for flow meters in 2014. The flow meters market in Asia Pacific is anticipated to expand at a 9.3% CAGR from 2015 to 2020. The growth of the market in the region can be attributed to the rising high-value projects and petrochemicals and refineries industries, which are fueling the demand for flow meters.

On the basis of product type, the market is segmented into coriolis flow meter, magnetic flow meter, ultrasonic flow meter, vortex flow meter, turbine flow meter, and others. Of these, the magnetic flow meter held the largest market share of 21% in the global flow meter market in 2014. By application, the market is segmented into water management, energy management, food process, oil and gas, and others. Of these, the application of food process accounted for the largest market share of 17.6% in the global flow meter market in 2014.

The report profiles some of the key players in the global flow meters market. These include: Yokogawa Electric Corp. (Japan), Siemens AG (Germany), ABB Ltd. (Switzerland), Messtechnik GmbH (Germany), Badger Meter Inc. (U.S.), Brooks Instrument LLC (U.S.), Sierra Instruments Inc. (U.S.), Endress + Hauser (Switzerland), Krohne General Electric Co. (U.S.), and Azbil Corporation (Japan).

The global flow meters market is segmented as follows:

Product Type

  • Magnetic flow meter
  • Coriolis flow meter
  • Ultrasonic flow meter
  • Turbine flow meter
  • Vortex flow meter
  • Others

Application

  • Energy management
  • Water management
  • Food process
  • Oil and gas
  • Others

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About TMR

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Fire protection systems industry – why are water mist systems replacing water sprinkler systems?

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Fire protection systems include fire detection systems and fire suppression systems. While fire detection systems detect the potential symptoms of on-site fire hazards, fire suppression systems help control and extinguish fires that may occur on a site. The oil and gas industry is characterized by hazardous working conditions and thus needs proper safety. The devastating effects of fire in oil and gas plants can result in worker injuries, lost production, and deaths. Therefore, quality safety systems need to be installed in oil and gas facilities to ensure the safety of workers and the infrastructure.

Water sprinkler systems are widely used in the oil and gas industry as a fire suppression technology. However, the newer technology of water mist systems offers better cooling and suppression of fire. Providing protection by rapidly cooling the fire, a water mist system reduces corrosion damage and preserves the functionality of the machines and systems at an oil and gas facility.

A similar product, high pressure water mist, makes use of a finer mist of pure water that absorbs the radiation of fire so as to extinguish it. Water is atomized into small droplets under high pressure, which displaces the oxygen, thus extinguishing the fire. These systems cause minimal damage to the environment, people, and property.

In order to maintain and comply with the changing safety regulations, oil and gas industry operators need to upgrade their existing fire protection technology and since water mists are undoubtedly more efficient, they are replacing water sprinkler systems.

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What are the recent developments in fire suppression systems?

Companies are constantly vying to counter the competition by launching innovative products. Tyco International Ltd., for instance, has introduced an innovative fire suppression system solution – the Sapphire fire suppression system. It features technology based on clean chemical extinguishing agents 3M™ Novec™ 1230 fire protection fluid. The company claims that its new system has no adverse impact on global warming or on the ozone layer. The Sapphire fire suppression system complies with the European F-GAS directive.

Another leading company in heat detection, called Protectowire, has developed the CTITM linear heat detection system, which features two distinct heat sensing technologies to provide immunity against the nuisance of false alarms.

Product launches such as these are prompting higher investments in fire protection systems, thus giving the market a continuous push ahead.

What factors can be identified as core drivers of the fire protection systems market?

The fire protection systems market is driven by the rising safety concerns of operators in the oil and gas industry. Rising oil and gas exploration activities will also boost the market. Growing investments in fire protection systems due to stringent regulations and technological advancements are expected to drive the market in the coming years. Moreover, the fire protection systems market is expected to witness cyclic growth as these systems have a defined life span and need to be replaced periodically. The revamp or expansion of oil and gas facilities also contribute to the market’s growth.

A recent fire in Canada’s oil rich province, Alberta, forced the evacuation of nearly 80,000 people and devastated the town. Although there were no casualties, the uncontrolled blaze forced one of the major oil-sands mining operations shut and curtailed the production of oil. Such mishaps keep coming to light and fuel the demand for fire protection systems across the globe. The global fire protection systems market which stood at US$5.08 bn in 2014 is expected to expand at a CAGR of 6.48% between 2015 and 2023, to reach US$8.93 bn by the end of 2023, states a research report by Transparency Market Research (TMR)

Research Report:http://www.transparencymarketresearch.com/enhanced-fire-protection-market.html

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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.

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Ferguson Appoints Business Unit Manager for APAC Region

Ferguson, specialist provider of DNV certified containers, tanks, refrigeration, accommodation and workspace modules to the offshore energy industry, has further strengthened its commitment to its customers with the appointment of Sonnie Groombridge to the new role of APAC Business Unit Manager.

Based in Perth Australia, Mr Groombridge joined the business in 2011 as the Australian Operations Manager and was then appointed to the position of Australian Business Unit Manager in 2013.

In his new role he will be responsible for the company’s activities in the Asia Pacific region, spanning East Asia, South Asia, Southeast Asia and Oceania.

Commenting on his new position Mr Groombridge stated: “My new role is to make sure we continue to exceed the demands of our customers and support their business requirements. Ferguson prides itself on providing innovative solutions to our customers needs, by offering quality equipment and associated services to the offshore sector. With the current price of oil, our clients have rationalised their internal structures to remain competitive and profitable.  The resulting effect is that we are now negotiating business across a multitude of countries. The new change in management structure ensures that our business is completely focused on our client’s expectations and that our engagement is aligned, wherever the business may be.

“Our business in Australia has grown by offering innovative solutions to address our clients demands and this in turn gives them the ability to focus on their core business. It is these new initiatives that have captured the attention of our customers and our plan is to replicate this approach throughout the whole region.”

Richard Smith, Ferguson CEO commented: “I congratulate Sonnie on his new role which reinforces our strong commitment to developing the Ferguson presence in the region through our extensive network of bases, which are equipped to supply a comprehensive range of DNV certified and accredited equipment to the offshore energy sector.”

 

Sonnie Groombridge

 

 

 

 

 

Picture caption:

Sonnie Groombridge

Global marine power system industry 2016 competitive landscape, major applications & analysis of emerging market: Global QY Research

The recently published report titledGlobal Marine Power System Industry 2016 Market Research Report is an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of Global Marine Power System market considering all the major industry trends, market dynamics and competitive scenario.

The Global Marine Power System Industry Report 2016 is an in depth study analyzing the current state of the Global Marine Power System market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Global Marine Power System market provides analysis of market covering the industry trends, recent developments in the market and competitive landscape. Competitive analysis includes competitive information of leading players in market, their company profiles, product portfolio, capacity, production, and company financials. In addition, report also provides upstream raw material analysis and downstream demand analysis along with the key development trends and sales channel analysis. Research study on Global Marine Power System market also discusses the opportunity areas for investors.

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Global compressor oil consumption 2016 competitive landscape, major applications & analysis of emerging market: Global QY Research

The recently published report titled Global Compressor Oil Consumption Industry 2016 Market Research Report is an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of Global Compressor Oil Consumption market considering all the major industry trends, market dynamics and competitive scenario.

The Global Compressor Oil Consumption Industry Report 2016 is an in depth study analyzing the current state of the Global Compressor Oil Consumption market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Global Compressor Oil Consumption market provides analysis of market covering the industry trends, recent developments in the market and competitive landscape. Competitive analysis includes competitive information of leading players in market, their company profiles, product portfolio, capacity, production, and company financials. In addition, report also provides upstream raw material analysis and downstream demand analysis along with the key development trends and sales channel analysis. Research study on Global Compressor Oil Consumption market also discusses the opportunity areas for investors.

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Global carbon dioxide enhanced oil recovery (EOR) consumption 2016 competitive landscape, major applications & analysis of emerging market: Global QY Research

The recently published report titled Global Carbon Dioxide Enhanced Oil Recovery (EOR) Consumption Industry 2016Market Research Report is an in depth study providing complete analysis of the industry for the period 2016 – 2021. It provides complete overview of Global Carbon Dioxide Enhanced Oil Recovery (EOR) Consumption market considering all the major industry trends, market dynamics and competitive scenario.

The Global Carbon Dioxide Enhanced Oil Recovery (EOR) Consumption Industry Report 2016 is an in depth study analyzing the current state of the Global Carbon Dioxide Enhanced Oil Recovery (EOR) Consumption market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Global Carbon Dioxide Enhanced Oil Recovery (EOR) Consumption market provides analysis of market covering the industry trends, recent developments in the market and competitive landscape. Competitive analysis includes competitive information of leading players in market, their company profiles, product portfolio, capacity, production, and company financials. In addition, report also provides upstream raw material analysis and downstream demand analysis along with the key development trends and sales channel analysis. Research study on Global Carbon Dioxide Enhanced Oil Recovery (EOR) Consumption market also discusses the opportunity areas for investors.

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Coal to liquid fuel (CTL) – latest industry research review & emerging trends 2020

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Coal and liquid petroleum fuels are among the two most commonly used fuels all over the world. Coal is the major fuel type used around the world to produce electricity, while petroleum fuels are common in automobiles of all kinds. Due to their similar internal structure (both are made up of hydrocarbons), coal can be converted into liquid fuels. This process has gained attention in recent years due to the increasing acknowledgement of the falling levels of petroleum reservoirs. Since petroleum is more valued at present than coal due to its usage in transportation, the coal to liquid fuel process (CTL) is gaining increasing demand.

The report provides detailed data about the various segments of the global coal to liquid fuel market, the major companies operating in it, and the key trends influencing its growth trajectory. The performance of the North America, Europe, Asia Pacific, and Rest of the World markets for coal to liquid fuel processes and technologies is examined in the report to provide readers a complete overview of the regional dynamics of the global market. The analysis of major players given in the report will help readers figure out the likeliest contenders they would have to deal with as well as the most promising opportunities for collaboration.

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Global Coal to Liquid Fuel (CTL) Market: Drivers and Restraints

The major driver of the global coal to liquid fuel market is the abundant availability of coal, particularly compared to liquid fuels. While the dropping levels of crude oil reservoirs have made headlines recently, coal reserves have still remained productive enough for coal to remain the most widely used fuel type for power generation. Due to this, the idea of converting coal to liquid fuels has picked up speed in recent years.

Synthetic fuels obtained from the conversion of coal are often cleaner than those extracted from natural reservoirs. This has led to coal liquefaction gaining increased support from regulatory authorities all over the world.

The technological advancement of the oil and gas industry has also helped this idea establish a foothold, since the technological knowhow of the conversion process is relatively easily available. However, the high costs of the process have not gone down significantly since it began to be utilized. This leads to the process only being economically feasible when oil prices are high. Currently, with oil prices facing record lows, even multinational giants may find it hard to fund industrial-scale production of liquid fuels from coal. This has emerged as a major restraint on the global coal to liquid fuel market.

Global Coal to Liquid Fuel (CTL) Market: Geographical Overview

Regionally, China, the U.S., India, South Africa, Australia, and Russia are the major markets for coal to liquid fuel technology. The abundant availability of coal reserves in these countries is responsible for the rapid growth of the sector. China and India are expected to be the dominant regional coal to liquid fuel markets in the coming years due to the growing transportation sector in these countries.

Liquid fuels derived from coal also have the potential to be used as cooking fuel. For instance, dimethyl ether is nontoxic and generates less carbon monoxide than the conventionally popular LPG. The rampant urbanization in China and India will also help the coal to liquid fuel market in this respect.

 

Major players currently operating in the coal to liquid fuel market include Shenhua, Sasol, Linc Energy, DKRW Energy, Bumi plc, and Monash Energy.

Global Coal to Liquid Fuel Market, by Process:

  • Direct Liquefaction
  • Indirect Liquefaction

Major regions analyzed in this research report are:

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World

Research Report:http://www.transparencymarketresearch.com/coal-liquid-fuel-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.

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Pumps and valves market for oil and gas industry – latest research report 2015/2016 – 2023

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Increasing production of oil and gas coupled with the need to transport and refined them is expected to fuel the global pump and valves market for oil and gas industry. Hence, the global pumps and valves market is anticipated to experience a boom during the forecast period.

A device used to move fluids using mechanical fore is known as a pump. A valve is used to control and directs the flow of fluids through a pipe. Pumps and valves are very essential for economical and safe operations. Pumps and valves are used in upstream, midstream and downstream operations. In upstream operations, pumps can be used for artificial lift, pumping drilling fluids, etc. in midstream and downstream operations, pumps are used to increase the pressure of crude oil or refined products in pipelines. Valves are used for flow control of crude oil or refined products in upstream, midstream and downstream operations. The type and size of pump and valves used for a particular application depends upon the type of fluids and operating as well as environmental conditions. For example, pumps and valves used in subsea operations have to withstand harsh subsea conditions whereas in onshore operations, the conditions are less severe.

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The global pumps and valves market for oil and gas industry can be segmented on the basis of application into onshore and offshore. The pumps and valves used for offshore applications are exposed to harsh conditions such as high temperature and high pressure. Hence, they should be able to withstand such harsh conditions for safe and reliable operations. Onshore segment is expected to dominate the global pumps and valves market for oil and gas industry due to large number of exploration activities and new pipeline projects are going on for production and transportation of oil and gas. On the basis of pump type, the global pumps and valves market for oil and gas industry can be segmented into positive displacement pump and centrifugal pumps. The global pumps and valves market for oil and gas industry can be segmented on the basis of type of valves into needle valve, ball valve, gate valve, check valve, and others.

Growing energy demand has force oil and gas industry to increase the production of oil and gas. These produced fluids need to be transported over long distance. This has resulted into construction of long distance pipelines for oil and gas. This ultimately increases the demand of pumps and valves. Moreover, the use of artificial lift for economical production of oil from wells is also boosting the global pumps and valves market. The market is expected to grow during the forecast period owing to these factors. A large number of planned projects for production and transportation of oil and gas in the coming years provides a great opportunity to the global pumps and valves market for oil and gas industry.

Some of the key players in the global pumps and valves market for oil and gas industry are SPP Pumps, Flowserve Corporation, CORTEC, LLC, The Weir Group PLC, DAFRAM S.p.A., LEWA GmbH, Cameron, Cornell Pump Company, Oliver Valves Limited, PetrolValves, BuTech, FMC Technologies Inc., PERAR s.p.a, Sulzer Ltd. and L.B. Bentley Limited among others.

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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.

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Global manifolds industry – investment opportunities & forecast 2016 – 2023

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The worldwide advancement in offshore and onshore oil and gas sectors is resulting to the manifolds market emergence. Oil and gas manifolds are designed to allow oil and gas flow from the separator to several points as per desire. A manifold forms an important building block to support the offshore oil and gas infrastructure. It is a distribution system for fluids from one point to another. A manifold system is composed of several components, which include pipes or tubes, fittings, expansion chambers, valves, flexible connectors, and other instruments. The basic movement of fluid is facilitated by the pipes or tubes. Fittings such as trees, plugs, elbows are used to fit the pipes to the manifold system. The function of an expansion chamber is to prevent pipeline leakage and prolong the seal life of manifolds. The expansion chamber allows the pipeline to expand up to a certain limit to combat pressure increase in the manifold systems. Valves are included to control the fluid flow throughout such systems. The flexible connectors bend easily to connect containers to manifolds or manifolds to other fixed device. Other instruments include pressure gauges, switches and several other devices required to control and monitor the fluid flow throughout the manifolds. The manifold systems are made of such materials that can tolerate the harsh operating conditions.

One of the primary drivers of manifold market is the success of any offshore operation, which is integral to manifold system arrangement. The nations worldwide are ensuring their energy security and energy demand supply parity by supporting such offshore activities. The increased offshore oil and gas exploration and production operations require a suitable manifold set up that enables proper fluid flow and optimize its recovery. Hence a manifold market development is expected in future. Factor intervening with such market improvement is the huge costs incurred to support research and development of manifolds system to meet the future technical challenges of the advancing oil and gas sector.

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A number of upcoming oil and gas projects taken up by the governments of Africa and are likely to increase the demand for manifold systems to sustain new oil and gas infrastructure. Hence such nations are expected to lead the global manifold market development in the years to come. In Asia Pacific, manifold market is assumed to show positive growth in China followed by India. The Chinese government is also encouraging natural gas pipeline infrastructure expansion to connect the production areas of northern and western parts with demand centers. Furthermore it intends to accommodate greater natural gas imports from Southeast Asia and Central Asia. The New Exploration and Licensing Policy regime of India is resulting in a significant increase in its exploration and production activities. Europe, gradually recovering from its ongoing economic recession has undertaken several exploration activities. However manifold market growth in Europe is likely to be moderate due to expected low returns. The manifold market growth in North America is also estimated to be sensible owing to the ongoing shale production in the U.S. Conversely, the minimized exploration and production operation in the Gulf of Mexico resulting in low returns is assumed to hamper such market progress in the projected period.

The manifold market segmentation is done on the type of fluids to be carried. An oil manifold is different from a gas manifold in terms of number of valves used. A typical oil manifold is made of five ball valves while a gas manifold comprises of only two ball valves. Such market can also be segmented on the basis of designing. There are dual manifold systems comprised of two cylinders in service at a time. A single-bank manifold system is made for a single source of gas or oil supply from one cylinder bank. The manifold market can also be segmented on the type of functioning performed. Manifolds meant for disposal purpose connect the separator to crude oil burner. For measurement or storage purpose the manifolds form a link between the separator to gauge or surge tanks.

Some of the key players in manifold market are FMC Technologies Inc., GE oil and gas, Genstar Technologies, B&B Oilfield Services, LLC, CANADOIL Group Ltd., and Aker solutions ASA.

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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.

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Completed well pad and equipment industry research and forecast 2020

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Well Pad is a platform that has been made for a drilling rig to work on a plot of land meant for crude oil and natural gas extraction. The producing well pad typically includes five types of equipment such as wellheads, separation unit, tanks, combustors and remote telemetry unit (RTU). There is a wellhead on the pad for every well drilled and many have multiple wells. The wellheads are made up of a metal housing of valves, seals and tubes at the surface which controls the extraction of oil and gas from the underground well. Wellhead also prevents any leaking of oil and gas out of the well. Advanced monitoring equipment transmits wellhead pressures to the control unit.

The separation unit removes water and liquid hydrocarbons from the oil and gas stream. Natural resources located underground are very different from those used to heat homes and fuel transportation. The liquid removed from the stream is generally water and is referred to as condensate and produced water. High salt content is found in produced water and is nonpotable. Condensate recovered at the surface is a mixture of liquid hydrocarbons that are produced from the condensation formed due to sudden change in pressure as gases are brought out of the ground. Condensate is the purest form of gasoline found in composition. Produced water and condensate are removed from the stream and are sent from the separation unit to onsite tanks.

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Number and size of tanks on a particular pad differs depending on the amount of liquids produced. The tanks provide temporary storage of produced liquids and allows for natural separation of hydrocarbons from water. The lighter hydrocarbons float at the top of the tank and the water settles at the bottom. The liquids are then removed from the tank through pipelines or truck. The remaining water is disposed as per Colorado Oil and Gas Conservation Commission regulations.

Combustor is a long cylindrical piece of equipment that burns volatile organic compounds that may gather in the tanks. Certain concentrations of volatile organic compounds are allowed to gather in the tank and are then automatically released to the combustor. The VOCs are burned through the length of the combustor.

Apart from the wellheads, separation unit, tanks, pressurizes and combustors additional equipments are used to remotely monitor oil and gas production. Automated device enhance production and allow for minimal well site visits and thereby increases safety. Production equipments are connected through a supervisory control and data acquisition (SCADA) system through a remote telemetry unit. The SCADA system gathers and analyzes real time well data involving tank levels, electronic flow measurements and pressure which is transmitted to control units situated at the site.

Developing countries and growing population are some of the key drivers of the completed well pads and equipments market. However, huge capital required for drilling can hinder the growth of the market in the near future. Ample opportunities are there for completed well pads and equipments market as demand for energy is increasing at a healthy rate across the globe.

 

Some of the key players in the completed well pads and equipments market include Encana Corporation, Devon Energy Corporation, The H&K Group, Ausenco Company, Geotech Drilling Ltd, Suncor Energy Inc., Salym Petroleum, Equinox Engineering Ltd. and DA Nolt Inc. among others.

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