Distributed Control System Market Opportunities, Size, Investments, Share, Key Players and Forecast to 2023

Distributed Control system is an automated control system which is used to control the process or a plant with the help of geographically distributed control elements over the control area, with a central operator supervisory control. the DCS system is generally found in many industries such as chemical, oil & gas, power generation, food processing units, metals & mining, and others. This control system provides flexibility and ease of monitoring of individual components and process in industrial fields.

DCS market has been segmented based on component, application, end-use, and region. Based on end-use, the market is classified into oil & gas, power, chemical, pharmaceutical, food & beverage, metals & mining, paper & pulp, and others. The oil & gas industry end-use industry is expected to dominate the DCS market due to increasing need of centralized control system, monitoring of oil & gas production which can be optimized with the help of DCS.

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Key Players

The key players of the global distributed control system market are ABB (Switzerland), Emerson (USA), Schneider Electric (France), Siemens (Germany), Rockwell Automation (US), General Electric (USA), Honeywell International Inc. (US), Yokogawa (Japan), Toshiba (Japan), Hitachi (Japan), Azbil Corporation (Japan), and Metso Corporation (Finland).

Market Segmentation

Based on end-use, the market is segmented as Oil & Gas, Power Generation, Food & Beverage, Chemicals, Pharmaceutical, Metal & mining, Paper & Pulp, and others. Oil & gas segment is estimated to dominate the market during the forecast period due to the increase in capacity addition of the refineries especially in North America and Asia-Pacific. On the basis of components, the market is segmented as hardware, software, and services. Software component of DCS is configured with hardware and the architecture for receiving the information and using real-time information to enhance the agility and productivity of industries such as oil & gas, power generation, chemicals, and others.

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Regional Analysis

DCS Market by region is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is expected to hold the largest share in the global DCS market during the forecast period with 31.40% share. China was the largest market in 2017, valued at USD 1,523.5 million. The growth in DCS in Asia-Pacific can be attributed to China, Japan, and India, where the manufacturing industry is growing tremendously. Due to the growing production, urbanization, and competition among manufacturers, there is an increased necessity for higher operational efficiency, minimizing production cost, and process control industries with integrated controllers having high distributed control capability. Additionally, industries such as power generation, oil & gas, chemicals, and pharmaceutical, among others are growing significantly in Asia-Pacific.

Scope of the Report

This report provides an in-depth analysis of the global distributed control system market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the distributed control system market by its component, application, end-use, and by region.

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Oilfield Equipment Market 2019 Global Industry Size, Key Players, Opportunities And Forecast To 2023

Oilfield Equipment Industry Overview:

Global oilfield equipment market is expected to observe phenomenal growth during the forecast period owing to increasing exploration and drilling activities and recovery of oil prices after price shock of 2014. The oilfield service industry is completely dependent on upstream operations thus, in this scenario, it will be profited. Oilfield equipment are elementary equipment used for the development of successfully explored oilfields. These include a wide range of equipment that perform the functions starting from drilling to well completion. The main functions of oilfield equipment include drilling, data acquisition, well intervention, well logging, well completion, pressure maintenance, flow control, and others.

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In recent times oil and gas has been witnessing a significant downturn due to the continuous fall in the prices. These changes in the supply and demand dynamics is expected to raise the number of oil wells thus, resulting in boosting the oil field Equipment market. Increasing demand for oil and gas is also expected to fuel the demand in the oilfield Equipment market.

Prominent Players Analysis

The key players of global wireline services market are GE Oil and Gas (U.S.), Weatherford International (U.S.), Schlumberger (U.S.), Superior Energy Services (U.S.), Pioneer Energy Services Corp. (U.S.), C&J Energy Services Ltd. (U.S.), and National Oilwell Varco, Inc. (U.S.). Halliburton (U.S.), Basic Energy Services, Inc. (U.S.), Expro International Group Holding Ltd. (UK), Wireline Engineering Ltd. (UK), Oilserv (UAE), SGS (Switzerland), ABB Oil, and Gas and Petrochemical Business Unit (Switzerland) are among others.

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Oilfield Equipment Segments Market Analysis

Global oilfield equipment market is segmented on the basis of equipment, type and region.

Based on equipment the market is further segmented into Drilling Equipment, Field Production Machinery, Pumps, Valves, Others. Amongst these segments, drilling equipment segments holds the largest share due to increased number of drilling projects across the globe.

On the basis of type, market is classified as drilling (Drill Pipe, Drill Collars), Pressure & Flow control (BOP, Valves, Manifold). Drill Pipe segment accounts for the largest market share due to large drilling activities in offshore and onshore. Also, shale production, which requires drill pipes as an essential set of equipment, has witnessed growth.

Based on region, the global oilfield equipment market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa.

Geographic Analysis

North America region held the largest market share in oilfield equipment market. In North America region exploration activities and rock study activities for shale oil, oil sands, and carbonate rocks are rising. For instance the production from shale oil in 2017 was 4.67 million barrels, which contributed half of the total oil produce from U.S. Asia Pacific and Africa region are likely to lead to the growth of oilfield equipment market. Major growth is attributed to the discoveries in Gulf of Thailand, and South China Sea from Asia Pacific and Mediterranean Sea and Egypt desert from Africa.

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Directional Drilling Market Trends, Applications, Regional Analysis, Key Players, Opportunities and Forecast till 2023

Directional Drilling Market Highlight

The Directional Drilling Market is projected to expand with a 3.48 % CAGR in the forecast period. The need to increase production from the harshest wells has raised the growth of directional drilling considerably. The directional drilling provides the solution for drilling of oil wells at multiple angles other than vertical angle and help reach better reserves of oil and gas. Despite the advancements in technology, directional drilling has been the prime area of interest for oil upstream players because of the applications involving this technique, which include drilling at more than one angles in the fields, recovering oil and gas from the untapped source.

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The escalation in discoveries related to the oil and gas industry along with shale activities have raised the use of directional drilling substantially. The capability of directional drilling to enable the drilling of multiple wells from the parent wellbore are raising the growth potential of the market. Moreover, the escalated level of demand from upstream oil companies will create new prospects for the directional drilling in the upcoming years.

Directional Drilling Market Segmental Analysis:

The segmentation of the directional drilling market has been carried out on the basis of application, well type, services, and region.

On the basis of application type, the directional drilling market is segmented into onshore and offshore.

The segmentation of the directional drilling market on well type comprises of multilateral wells, horizontal well,  and extended reach wells.

The services-based segmentation of the directional drilling market consists of logging while drilling (LWD), rotary steerable system, measurement while drilling (MWD), and motors.

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Regional Market Analysis:

The regional analysis of the directional drilling market consists of regions such as North America, Europe, Asia Pacific and rest of the world.

The market for directional drilling is poised for excellent development because of the recovering global oil prices. The North American and European regions are likely to control the market for directional drilling. These regions are witnessing a huge number of oil exploration activities in the Gulf of Mexico and the North Sea, which will lead to elevated drilling activities in these regions. In addition, the huge number of mature oil wells from the North Sea in the European region and the Permian Basin and Bakken in the North American region are expected to require new drilling activities thus, motivating the directional drilling market.

Prominent Players:

National Oilwell Varco (U.S.), Weatherford International Plc. (U.S.), Jindal Drilling & Industries Limited (India), Halliburton Company (U.S.), Schlumberger Ltd (U.S.), Nabors Industries Ltd (Bermuda), Baker Hughes Incorporated (U.S.), Cathedral Energy Services Ltd (Canada), and Gyrodata Incorporated (U.S.)

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Pressure Pumping Market Trends 2019 | Global Industry Size, Growth Prospects till 2027

Pressure Pumping Market Overview:

Pressure pumping is a propagation of fractures through layers of rock using pressurized fracturing fluid and pumping the cement into the well bore to complete it. It is primarily used to extract resources from low permeability reservoirs such as shale gas, and unconventional liquids, which are difficult to recover through regular drilling procedures.

Significant depletion of matured oil fields has forced Oil companies to shift their focus towards drilling activities. Pressure pumping being an essential part of pumping oil from matured oil fields and increased drilling activities to pump oil from unconventional onshore fields is leading to a significant increase in the demand in the pressure pumping market. With the further depletion of oil fields the market for pressure pumping is going to witness further growth due to increasing complexity of pumping oil from shallow oil fields.

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Key Players

Some of the key players in the Pressure Pumping market are Weatherford International, China Oilfield Services Ltd., Halliburton Company, Saipem S.p.A., Schlumberger Limited, Baker Hughes and Superior Energy Services

Segmental Overview:

The pressure pumping market has been segmented on the basis of Well Type as Land and Offshore.

Based on services, the market has been segmented into cementing, hydraulics fracturing, and others. Hydraulics fracturing dominates the service segment of global market. Hydraulics fracturing is aprocess of pumping fluid into a wellbore to create enough pressure to crack, or fracture, the rock layer. The fluid usually contains a proppant like sand, that helps keep the fractures open to allow oil and gas to be produced to the well. Cementing services is the second major segment for pressure pumping market and it is expected to witness strong growth over the forecast period.

Based on well type, the market has been segmented land and offshore. Onshore dominates the well type segment of global market. Offshore segment is expected to be the fastest growing segment during the forecast period. Increasing the exploration activities in deep and ultra-deep waters especially in the North Sea, and Gulf of Mexico is expected to drive demand in the sector over the forecast period.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific, Middle East & Africa and South America.

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Regional Analysis of Pressure Pumping Market:

North America dominates the Pressure Pumping market. The U.S. accounts for the largest market share in the North American region. The advancements in unconventional drilling technologies, which have attracted capital for oil and gas drilling projects. Additionally, vast hydrocarbon resources in the U.S. Shale basins and continuous offshore drilling in the Gulf of Mexico region, are driving the demand of the market.

Asia Pacific and Europe are the other major market for the Pressure Pumping.  Increasing demand for energy due to urbanization & industrialization from the countries such as India, China, and Indonesia among others driving the demand of the market in Asia Pacific region. The Europe Pressure Pumping market is expected to be dominated by countries such as U.K, Norway and Russia. New discovery of oil has been found in the Laptev Sea offshore Northern Russia and several drilling projects have been approved in the Russian Arctic sea region closer to the North Pole are the factors driving the market in the region. It is expected to contribute significantly during the forecast period.

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Submersible Pumps Market Size, Share, Statistics, Strategy and Industry Segmentation by Forecast to 2023

Industry Highlights:

The global submersible pumps market is expected to rise from a 2017 valuation of USD 10,204.7 million to a 2023 valuation of USD 14,127.2 million at a CAGR of 5.57% over the forecast period (2018-2023), as per the findings of Market Research Future (MRFR). The increase in mining activities around the world is likely to be a key driver for the global submersible pumps market over the forecast period. The top 40 mining companies declared a cumulative revenue figure of close to USD 600 billion in 2017, demonstrating the scope for growth in the mining sector. The dependence of various high-tech industries such as consumer electronics on rare earth metals is likely to be a major driver for the mining industry in the coming years, as metals such as lanthanum, neodymium, and cerium have taken on a hugely important role in the electronics industry. The steady demand for coal, which remains one of the prime energy resources around the world, is also likely to drive the mining sector in the coming years.

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The growing demand for offshore exploration and subsea production activities in the oil and gas sector is likely to be a major driver for the global submersible pumps market over the forecast period. The falling levels of onshore oil and gas reservoirs have led to an increased interest in offshore exploration and production. The increasing profitability of offshore ventures has led to a steady rise in government as well as private funding for the sector, resulting in a growing demand for accessories such as submersible pumps. This is likely to be a major driver for the global submersible pumps market over the forecast period.

Research Methodology:

MRFR’s analysis is based on strenuous examination of data gathered from primary and secondary research, based on years of industry-specific expertise. Detailed information about the market’s present and past movement is used to forecast the market’s future growth trajectory. Varying trends in each region and segment are studied to provide a comprehensive view of the global submersible pumps market.

Submersible Pumps Market Segments Analysis:

The global submersible pumps market is segmented by well type, operation, power rating, end-use industry, and region.

By well type, the market is segmented into open well and bore well. The bore well segment is expected to exhibit the dominant share in the global submersible pumps market over the forecast period.

By operation, the market is segmented into single-stage and multi-stage. Multi-stage configurations accounted for a majority share of more than 68% in the market in 2017 and are likely to remain the dominant contributor to the market over the forecast period.

By power rating, the submersible pumps market is segmented into low power, medium power, and high power. The high power segment accounted for the highest share in the global market in 2017 and is likely to remain a major contributor over the forecast period.

By end use, the market is segmented into water and wastewater, agriculture and irrigation, construction, mining, oil and gas, and others.

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Regional Market Analysis

By region, the global submersible pumps market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is likely to be the leading contributor to the global submersible pumps market over the forecast period due to the growing offshore exploration and production activities in countries such as China. The growing water and wastewater industry in countries such as China and India, who are looking to modernize their water management procedures and manage the demands of their growing populations, is also likely to be major driver for the submersible pumps market in Asia Pacific, which accounted for close to 42% of the global submersible pumps market in 2017.

Competitive Analysis:

Leading players in the global submersible pumps market include Xylem (U.S.), KSB Group (Germany), Flowserve Corporation (U.S.), EBARA CORPORATION (Japan), Tsurumi Manufacturing Co. Ltd. (Japan), The Gorman-Rupp Company (U.S.), Atlas Copco AB (Sweden), The Weir Group PLC (U.K.), Sulzer Ltd. (Switzerland), and Grundfos (Denmark).

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Thin Film Photovoltaic Market Upcoming Growth Opportunities, Revolutionary Trends & Future Benefits of Product 2023

Thin Film Photovoltaic Market Highlights

The global thin-film photovoltaic market is set to grow from its current market value to expand by a CAGR of 28.36% by 2023, according to a new research report by Market Research Future. The global thin-film photovoltaic market is anticipated to grow at a phenomenal rate during the forecast period due to increased concerns towards carbon footprint reduction, and emerging solar market. Solar energy is seen as an efficient alternative to conventional fossil fuels. Thus, the market leaders in solar energy are focusing on advancements in technology to administer competition to conventional energy market.

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Solar power is emerging, as a highly demanded form in the renewable energy industry. Solar power is generated with the help of photovoltaics and concentrated solar panels. The emphasis on cutting down the carbon emissions has led the countries to increase the share of renewable energy in the electricity generation mix. Solar power sees maximum opportunities due to huge geographic potential and incentives and policies from the governments to promote clean energy generation. Solar power has attained milestones in the last decade, with global generation reaching to approximately 100 GW, by the end of 2017. Solar photovoltaics are advantageous as they are quiet and are reliable for long term electricity generation without huge maintenance costs.

Key Players

The major player operating in the market of global thin-film photovoltaics are Siemens AG (Germany), United Solar Energy (U.S.), Solar Cells Inc. (U.S.), Solarex MD (U.S.),  Golden Photon Inc. (U.S.), ECD (U.S.), Kyocera Corporation (Japan), and Suntech Power Holdings Co. Ltd (China). Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), Sharp Corporation (Japan), JA solar Co. Ltd (China), Jinko Solar (China), ReneSola Co. Ltd (China),Kaneka Corporation (Japan) , and Trina Solar (China) are among others.

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Thin Film Photovoltaic Market Segments Analysis

As per MRFR’s report, the global thin film photovoltaic market is segmented based on material, type, end-user, and region.

The material segment in the market includes amorphous silicon, and cadmium telluride, where amorphous silicon segment is leading in the global thin film photovoltaic market, owing to its global commercial availability.

The type-based segment in the market is fragmented as organic and inorganic, where organic segment accounts for the largest market share on account of materials such as donor and acceptor semiconducting organic composed in a photoactive layer that generates photocurrents.

Based on end-user, the market of thin film photovoltaic has segments as residential, industrial, and commercial. Of these, the commercial sector is expected to lead the global thin film photovoltaic market, owing to the latest governmental policies and incentives at support.

Regional Outlook

As reported in MRFR, the global thin film photovoltaic market has covered the regions of North America, Europe, Asia Pacific, and Middle East & Africa.

Of these, Asia Pacific is one of the largest markets for solar inverter in the world so; there is an increased demand for energy due to the growing population in the region. Moreover, the rapidly growing economies in South Asian countries such as China, India, are considered as sunlight-rich countries, as China has average sunshine of more than 3500 hours per year, hence driving the market for thin-film photovoltaic with definite pull and it is projected to grow at an exceptionally high rate by 2023.

Besides China, India has plans to increase the energy generation through renewable to 175 GW up to 2022. Out of these, 100 GW is to be achieved through the solar power source. The government is supporting solar power through various incentives to equipment providers and solar plant setters.

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Power Rental Market 2019 Opportunities, Business Growth, Competitive Landscape and Regional Forecast 2023

Power Rental Market Scenario

The power rental is an economic activity where generator sets are given on rent for the power generation, and that runs on any fuel. Market Research Future (MRFR) has published a research report about the global power rental market that estimates climb for this market at 9.06% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023. By value, the market has been figured to be worth the US $ 21,765.1 mn by the end of the forecast period.  

Observing the market structure, this report evaluates the future growth potential of the market. It inspects the strategies of the key players in the market and reflects the competitive developments like joint ventures, mergers & acquisitions, new product developments, research and developments (R&D) in the market. This report also encompasses insights on the major countries/regions in which this industry is flourishing. It features the list and description of untapped regions which could be the potential markets in the future.

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Key Players

The key players in the global power rental market include Aggreko PLC (UK), APR Energy (USA), Ashtead Group PLC (UK), Bredenoord Exploitatiemij B.V. (The Netherlands), Caterpillar Inc. (USA), Cummins, Inc. (USA), Herc Rentals Inc. (USA), L.M. Generating Power Co. Ltd. Ltd (Canada), Speedy Hire Plc. (UK), and United Rentals Inc. (USA).

Segmental Overview

The global power rental market has been segmented on the basis of application, end-user, and fuel type, lastly, regions. The application-based segmentation segments this market into the base load, peak shaving, and stand by power. Based on end-user, the market has been segmented into construction, manufacturing, mining, oil & gas, shipping, utilities, and others. By fuel type, the market has been segmented into diesel, gas, and others.

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Regional Analysis

The regional segmentation of the global power rental market segments the market into the regional markets namely Asia Pacific, Europe, North America, and rest of the world (RoW). North America holds the greatest market share in the global market. The key factor leading to market growth in this region include frequent power outages caused by aging grid infrastructure and natural calamities. Other important factors leading to market growth are increasing demand for rented generators by the industrial sector and the presence of various key market players in this region. The relevant country-specific markets in this region are the USA and Canada.

During the forecast period, the Asia Pacific market is expected to grow at 8.98% CAGR. In this region, factors helping the market include the continued growth of constructional and developmental activities. Another factor supporting market growth is the rapid increase in the demand-supply gap of electric power in emerging economies like China and India. Another critical country-specific market in this region is Japan, followed by remaining countries of the Asia Pacific region.

Europe another important regional market. Here the market is growing due to established infrastructure, good amount of power supply, the presence of major key market players in this region, technological advancement, majority areas having the urban infrastructure, and high level of industrialization. Pivotal country-specific markets in this region are France, Germany, Spain, and the UK.

The RoW segment covers South America and the Middle East & Africa (MEA). In the MEA region, the market is limited due to poor countries, lack of awareness, lack of infrastructure, lack of advanced facilities, lack of modern equipment required for power generation, lack of skilled people to assemble generators, and lack of education.

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Drilling and Completion Fluids Market Trends, Development, Leading Players, Growth Drivers till 2023

Drilling and Completion Fluids Market Overview

Global drilling and completion fluids market is expected to expand at 7.5% CAGR during the forecast period. Drilling and completion fluids industry is expected to have a huge number of advancements over the forecast period owing to continuous developments in end-use industry coupled with growing demand for crude oil. The market is also expected to have high expansion activities by multinationals and well-established companies. Increased successful explorations of the oil fields around the world are having a positive influence on the drilling and completion fluids market. The benefits provided by drilling and controlling fluids such as controlling pressure and transmittal of data are the key drivers of the demand for the market.

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Drilling and completion fluids comprise the fundamental requirements for starting the field development process after the successful exploration of the oil field. Large quantities for oil is required as fuel for many industries including transportation, automobiles, lubricants, chemicals and others. For meeting the demand of fuel, discoveries are immensely carried out. Besides, in this scenario of recovering crude oil prices after the crises of 2014, the oil exploration and production business is extremely profitable.

Industry Segmentation

The segmentation of the drilling and completion fluids market has been carried out on the basis of well type, type and region.

Based on well type, the market of drilling and completion fluids is segmented into offshore and land.

On the basis of type, the drilling and completion fluids market has been segmented into water-based systems, oil-based systems, synthetic-based systems, foams, and other fluids.

The region-based segmentation of the industry comprises of regions such as Asia Pacific, Europe, North America, and the rest of the world.

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Regional Outlook

The analysis based on regions in the drilling and completion fluids market consists of Asia Pacific, North America, Europe and the rest of the world.

The European and Africa regions which are near the North Sea control the significant market share, owing to the new oil detections from these regions. In 2018, the sources noted in Egypt, Nigeria, Norwegian Sea and deep-water of U.K. sector of the North Sea are encouragingly adding to the expansion of the drilling and completion fluids market in the region.

Additionally, the Middle East and the Asia Pacific region is trailing the development in the drilling and completion fluids market due to increased exploration activities in these regions and massive potential resources in the areas such as South China Sea, Bahrain, Kuwait, and Russia.

Key Players:

The key players of global Drilling And Completion Fluids Market Halliburton (U.S.), Schlumberger (U.S.), Newpark Resources Inc. (U.S.), Stellar Drilling Fluids LLC (U.S.), Weatherford international plc. (U.S.), China oilfield services Ltd. (China), and M-I Swaco (U.S.). AkzoNobel N.V. (Netherlands), National Oilwell Varco (U.S.), Chevron Phillips Chemical Company (U.S.), BASF SE (Germany), DuPont (U.S.), The Dow Chemical Company (U.S.) and, Scomi Group (Malaysia) are among others.

Industry News

Jan 2019 BHGE’s OFS segment has recently signed a four-year contract to offer drill bits, drilling services, drilling and completion fluids, completion and cementing solutions to an important customer in Colombia. BHGE will support major drilling campaigns through this deal while developing new technology in partnership with the customer and support conventional operations.

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