Jul 31, 2019 | Business
The diesel generators market is expected to grow from an estimated USD 13.06 Billion in 2015 to USD 16.96 Billion by 2020, at a CAGR of 5.4% from 2015 to 2020. Diesel generators are widely used across different industries such as utilities, oil & gas, marine, mining, healthcare, and telecom among others. They provide continuous power supply during power outages as well as at locations where grid infrastructure is not available. The diesel generator, a combination of diesel engine with electrical generator, is a reliable power supply device. It is used for generating electricity to provide continuous power supply during power interruptions. It is mostly used as a standby device during power outages or at places with no connection to a power grid. Factors driving the diesel generators market include increasing need for uninterrupted & reliable power supply and increasing number of power outages.
The report also segments the diesel generators market on the basis of end-user, which includes industrial (power generation/utilities, oil & gas, and others), commercial (IT & telecom, healthcare, and others), and residential. The industrial segment is one of largest users of diesel generators and occupies more than 50% of the total market share in the end-user segment of the diesel generators market. This market is expected to grow at the highest CAGR during the forecast period, owing to chronic power outages and rapid growth of industries, infrastructure, and IT & telecommunication industry across the world.
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Asia-Pacific is estimated to be the global leader in the diesel generator market
In this report, the diesel generators market has been analysed with respect to five regions, namely, North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is the leading market owing to chronic power outages and need for continuous power by the growing industrial and commercial sectors. Poor grid infrastructure and rising power demand in countries such as India and China are driving the diesel generators market in the region. The Middle East & Africa market is expected to grow at the second highest CAGR during the forecast period. The European and North American markets are expected to have slow growth rates during the forecast period due to economic slowdown. Rising demand for power unmet by existing grid infrastructure in Asia-Pacific results in frequent power outages. As a result, growing industrialization and frequent power outages are driving the demand for diesel generators in this region. The diesel generators market in India is expected to grow at the highest CAGR, owing to growing IT, datacentre, telecom, and ongoing infrastructure development programs in the country.
Some of the leading players in the diesel generators market include Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Generac Holdings Inc. (U.S.), Kohler Co. (U.S.), MTU Onsite Energy (Germany), and Mitsubishi Heavy Industries Ltd. (Japan).
Jul 31, 2019 | Business
The offshore wind market is expected to grow from an estimated USD 27,019.1 million in 2017 to USD 55,109.6 million by 2022, registering a CAGR of 15.32% from 2017 to 2022. The global market is witnessing significant growth due to rising energy demand coupled with increasing share of renewables in the power generation mix, regulations on energy efficiency, growing trend of industrialization and increased urbanization, regulations to ensure efficiency and utilization of energy.
The shallow water segment is expected to hold the largest share of the offshore wind market, by location, during the forecast period.
Among the three-water depth location for offshore wind turbines, shallow water is expected to hold the largest share during the forecast period. The development of shallow water is generally cost effective due to better weather conditions, whereas, installing wind turbines in deep water becomes expensive due to high maintenance cost. However, offshore wind turbines are getting installed in all three water locations depending on the region, turbine capacity, and wind speed. Shallow water condition mostly prevails in the European countries due to favorable weather conditions. The major players that provide turbines which can be installed in shallow water includes Siemens AG (Germany) and MHI Vestas (Denmark), among others.
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The electrical infrastructure segment is expected to be the fastest growing offshore wind market, by component, during the forecast period.
The electrical infrastructure segment is expected to account for the highest CAGR during the forecast period. The growth of this segment can be attributed to the growth of offshore substation, land-based transmission infrastructure, and cables and accessories related to the offshore wind turbines. Offshore substation controls the electric system of the turbine and increases the voltage of electricity produced by the wind turbines to reduce electrical losses. Land-based transmission infrastructure includes onshore transmission or conversion equipment, required to connect the wind farm project to the power grid. The last most important component of an electrical infrastructure is the cable and are primarily of two types, namely, inter-array cables and export cables. Inter-array cables connect the turbines to the offshore substation while the export cables are used to transmit the power from offshore substation to the onshore substation and power grid.
Asia Pacific: The second largest market for offshore wind.
This region is expected to grow at second position followed by Europe due to its growing trends such as increasing urbanization and industrialization which is leading to higher demand in the power sector. The countries are focusing on power generation through renewable energy sources and offshore wind forms an integral part of renewable based power generation. Technological advancement and clean energy consumption would further propel wind power deployment and open up opportunities in emerging markets in Asia-Pacific, especially in countries like China, Japan, and South Korea as they are looking for alternative source of energy to diversify their energy mix to reduce CO2 emission. The other major drivers include strict government regulations on energy efficiency.
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Some of the leading players in the offshore wind market includes Siemens AG (Germany), ABB Ltd. (Switzerland), MHI Vestas (Denmark), General Electric (U.S.), EEW Group (Germany), A2Sea (Denmark), Nexans (France), among others.
Scope of the Report
This study estimates the global market for offshore wind, in terms of USD, till 2022. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market. These include an analysis of the supply chain, a competitive landscape, market dynamics, market estimates in terms of value, and future trends in the offshore wind market.
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Jul 30, 2019 | Business
The Managed Pressure Drilling Services Market is expected to cross USD 4.60 Billion by 2021, and is projected to grow at a CAGR of 3.8% during the forecast period. North America was the largest market in 2015, owing to extensive offshore activities in the Gulf of Mexico region; this trend is projected to continue till 2021. Growing energy demand coupled with declining production in onshore fields would drive the demand for new drillings, particularly in the offshore region. Apart from this, the success of managed pressure drilling in fields that were earlier considered uneconomical to drill would increase the demand for managed pressure drilling services.
Deepwater drilling in Africa and Latin America is expected to boost the demand for managed pressure drilling services during the forecast period. The North American market is also projected to grow at a moderate pace, aided by large-scale spending for the development of unconventional resources, such as shale plays, where managed pressure drilling is used to access difficult formation and drill wells in the most economical way.
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Offshore segment is expected to lead the market
Managed pressure drilling is mainly used in offshore drilling because of high-cost associated with it. Meanwhile, increasing exploration activities in deepwater and ultra deepwater regions, mainly in Europe and Africa, where recent oil & gas discoveries have been in offshore are contributing to the growth of the Managed Pressure Drilling Services Market.
North America: the largest market for managed pressure drilling services
North America is projected to be the largest market for managed pressure drilling services till 2021. Within North America, the U.S. is the largest market, accounting for the maximum share. Meanwhile, Canada is also expected to show reasonable growth, given its development of unconventional sources, such as tar sands and tight oil. Meanwhile, Africa is the fastest growing within the Managed Pressure Drilling Services Market, due to the recent discoveries occurring offshore in countries such as Angola, Tanzania, and Mozambique, among others. In addition, offshore developments in the Red Sea region by countries such as Saudi Arabia, Qatar, and UAE is expected to drive the growth of the Middle East market.
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Some of the Leading players in the Managed Pressure Drilling Services Market such as Weatherford International (U.S.), Schlumberger (U.S.), Baker Hughes (U.S.), Halliburton (U.S.), and Aker Solutions (Norway).
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Jul 29, 2019 | Business
The electric motor sales market is projected to grow from an estimated USD 94.23 Billion in 2016 to USD 127.63 Billion by 2021, at a CAGR of 6.26% from 2016 to 2021. Increased use of motors across major industries, growing agricultural sector, and transition toward energy-efficient motors are the major factors driving the electric motor sales market across the globe.
Electric motors are widely used in all the sectors and the global production of electric motors are drastically increased in recent years due to increase in the utilization of motors for maximum output from the major sectors such as industrial, agriculture, residential, commercial, and transportation. The market is classified by type into AC and DC motors. AC motors are the fastest growing segment in the market. With increasing applications in end-user industries such as, transportation, chemicals, and many others, the AC motors segment is expected to dominate the market till 2021.
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AC motors would dominate the global electric motor sales market
The electric motor sales market in this report has been classified based on type into the following segments, namely, AC & DC motors. The AC motors segment dominated the electric motor sales market in 2016. With the growing demand for AC motors in various industries such as paper & pulp, cement, wastewater treatment and chemicals, the AC motors market is expected to grow during the forecast period. Hence, the market size of the AC motors segment is the largest.
Asia-Pacific is the largest market for electric motor sales
In this report, the electric motor sales market has been analysed with respect to the following regions, namely, Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. Asia-Pacific is currently the largest market for electric motors, and it is projected to grow at the highest CAGR during the forecast period. China accounted for the majority share in Asia-Pacific in 2016. In Asia-Pacific, the growth of the market can be attributed to factors such as buoyant growth in the agriculture sectors, massive investments in industrialization, and upgrading and replacing aging infrastructure. These factors are driving the market in this region. The figure given below shows the regional scenario of the market from 2016 to 2021.
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Some of the leading players in the electric motor sales market include ABB Ltd. (Switzerland), Siemens AG (Germany), Nidec Corporation (Japan), Denso Corporation (Japan), General Electric Company (U.S.), Allied Motion Technologies, Inc. (U.S.), Ametek, Inc. (U.S.), Arc System, Inc. (U.S.), Baldor Electric Company (U.S.), Bosch Group (Germany), Emerson Electric Co. (U.S.), Hitachi Ltd. (Japan), Johnson Electric Holdings Ltd. (Hong Kong), Regal Beloit Corporation (U.S.), Rockwell Automation (U.S.), Toshiba International Corporation (U.S.), and WEG (Brazil).
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