Distributed Control System Market | Emerging Trends, Competitive Landscape and Regional Forecast 2023

Distributed Control System Market Scenario

A distributed control system (DCS) controls various complex processes of plants with the help of a suite of configuration tools to provide flexibility and simplicity to processes. DCS allows central control over components and processes and helps increase capacity, ease maintenance, and meet EPA requirements. Rapid industrialization on a global scale, especially in the APAC region has led to substantial growth in the global DCS market. The global DCS market is anticipated to capture a CAGR of 5.30% over the forecast period of 2016-2023, affirms Market Research Future (MRFR) in a detailed study. MRFR further asserts that the DCS market is likely to reach USD 4,411 bn by the end of 2023.

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The expansion of the power and energy sector has provided favorable grounds for the growth of the DCS market. The burgeoning population and its subsequent energy requirements have created relentless pressure to increase power generation capacities as well as reduce energy consumption in the industrial sector to make significant cost saving.

The oil & gas industry is also contributing to the growth of the DCS market. Various processes of the oil & gas industry such as vacuum distillation, hydrocracking, naphtha hydrotreating, and coking require DCS which generates massive demand within the market.

Segmentation

The global distributed control system market has been segmented based on component, application, and end-use.

By component, the distributed control system market has been segmented into hardware, software, and services.

By application, the distributed control system market has been segmented into continuous process and batch-oriented process.

By end-use, the distributed control system market has been segmented into oil & gas, power generation, food & beverage, chemicals, pharmaceutical, metal & mining, paper & pulp, and others.

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Regional Analysis

By region, the distributed control system market has been segmented into North America, South America, Asia Pacific (APAC), The Middle East & Africa (MEA), and Europe.

The APAC is the largest distributed control system market. Fast track industrialization in the region has necessitated the need to increase power generation capacity to align with the towering energy demand.

Additionally, growing awareness regarding energy conservation and the need to provide uninterrupted power supply to various needs of the burgeoning population of the region. China is the major contributor to the distributed control system market. China has become the global manufacturing hub and deploys distributed control system extensively to improve productional efficiency. Besides, emerging countries such as Australia, Indonesia, and Thailand also have huge potential for the growth of the distributed control system market. The APAC market accounts for almost 31.40% share of the global market.

North America is the second largest distributed control system market. The prolific growth of the oil & gas industry translates into huge demand within the distributed control system market. Onshore and offshore oil drilling activities in the Gulf of Mexico has also reflected positively on the growth of the market.

Competitive Landscape

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

Also Read: https://www.marketwatch.com/press-release/distributed-control-system-market-share-2019-industry-analysis-by-recent-trends-growth-rate-component-application-sales-revenue-global-size-demand-and-forecast-to-2023-2019-11-12

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Blowout Preventer Market | Emerging Trends, Competitive Landscape and Regional Forecast 2021

Global Blowout Preventer Market – Overview

The expansion in the oil and gas sector globally is expected to create a favourable share for blowout preventers. Reports that appraise the energy and power industry have been made available by Market Research Future which generates reports on several industry verticals that analyze the market growth and prospects. The market is projected to gain an inspiring CAGR in the forecast period.

The escalated offshore exploration activities globally have improved the demand for the blowout preventer market. The need for efficient and safe operation in the oil and energy sector is expected to create further scope for development of the blowout preventer market in the upcoming period.

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Segmental Analysis

The analysis of the segments in the blowout preventer market is carried out on the basis of type, well type and region.

Based on Type, the blowout preventer market is segmented into RAM and Annular BOP.

Based on Well Type, the blowout preventer market is segmented into Offshore and Land.

On the basis of region, the blowout preventer market is segmented into the Middle East, North America, Europe, Asia Pacific, South America, and Africa.

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Regional Analysis     

The regional evaluation of the blowout preventer market is carried out on the regions such as The Middle East, North America, Europe, Asia Pacific, South America, and Africa.

The analysis of the blowout preventer market observes that the Middle East region is anticipated to govern the market principally owing to the growing onshore drilling activities in the region. Moreover, the Asia Pacific region is the other important region reaching a high growth rate in the blowout preventer market chiefly due to the vast scope for hydrocarbon in this region. The increasing installation of blowout preventers in the Asia Pacific region is expected to create scope for development in the coming years. Furthermore, increasing investment in blowout preventers in the region is expected to raise the development rate in the market in the upcoming forecast period.

Competitive Analysis

The central players functioning in the blowout preventer market globally are Weatherford International Limited (U.S.), FMC Technologies (U.S.), Aker Solutions (Norway), National Oil Well Verco Inc., Proserve (U.K.), Uztel Ltd. (Romania) and Cameron International Corporation (U.S.), to name a few.

Read More @ https://www.marketwatch.com/press-release/blowout-preventer-market-research-report-segmented-by-type-annular-bop-and-ram-by-well-type-land-and-offshore-and-by-region---global-forecast-to-2021-2019-09-13

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Managed Pressure Drilling Market 2019 Size, Share, Business Growth, Opportunities, Trends by Forecast 2023

Managed Pressure Drilling Market Insights

The global managed pressure drilling market is expected to expand at a CAGR of 3.92% during the forecast period from 2018 to 2023. This prediction has been made by Market Research Future in its newest report on the subject which also estimates a market value that crosses USD 4,700Mn by the end of 2023. Managed pressure drilling is most commonly employed in deep offshore oil and gas wells as it is incredibly safe as well as efficient for use in such areas for oil and gas extraction. Managed pressure drilling allows oil & gas companies to conduct simulation programs in a controlled environment which further helps the companies draw the right conclusions regarding drilling activities, thus increasing efficiency.

Usage of managed pressure drilling involves high process complexity which can be discouraging for adoption as there is a notable lack of skilled labor available in the market. However, growing shale production will introduce market opportunities in the coming years.

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Market Segmentation

The global managed pressure drilling market has been segmented on the basis of technology, tool, application, and region. Technology has been segmented into constant bottom hole pressure, mud cap drilling, dual gradient drilling and return flow control drilling. The constant bottom hole pressure market segment is expected to be a highly lucrative market segment over the forecast period.

Tool has been segmented to include non-return valves (NRV), rotating control device (RCD), choke manifold systems. The rotating control device segment accounts for more than 40% of the total market and is expected to be the dominant segment throughout the forecast period.

Application has been segmented into onshore and offshore applications. Offshore applications are more commonly the target for managed pressure drilling as such activities often pose challenges that can be be resolved using managed pressure drilling solutions.

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Regional Analysis

Among the various key regions analyzed in the report, North America has captured more than a third of the global market share in terms of market value. Valued at USD 1,801.9 in 2017, the North American market is expected to grow at a CAGR of 4.15% during the assessment period. North America has a high crude oil production which is growing rapidly due to the adoption of new technologies and increasing exploration in deepwater drilling are some factors driving the North American market. The Asia Pacific and Europe follow North America respectively.

Key Players

National Oilwell Varco, Nabors Industries Ltd., Oilserv, AFGlobal, Beyond Energy, Halliburton Inc., Weatherford International, Enhanced Drilling Services, Schlumberger Limited, Ensign Energy Services, and Air Drilling Associates, Inc. are among the top contenders in the global managed pressure drilling market as observed by MRFR. These market players have been analyzed in the report for their contributions to market growth.

Also Read: https://www.marketwatch.com/press-release/managed-pressure-drilling-market-2019-current-scenario-development-strategy-sales-revenue-competitive-analysis-growth-and-global-forecast-to-2023---26-aug-2019-2019-08-26

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Bio Power Market 2019 Size, Share, Business Growth, Opportunities, Trends by Forecast 2027

Global Bio Power Market Analysis

Due to the growing inclination towards natural resources for use as fuel, the market for biopower is growing. Market Research Future (MRFR) has published a research report about the global biopower market that predicts growth for this market between 2016 and 2027.

Observing the market structure, this report offers insights about factors affecting the market growth. Weighing the market size and foretelling the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R&D), and strategic alliances.

The eminent factors accelerating the global biopower market growth are the favorable government regulations regarding renewable sources of energy, growing demand for renewable energy, and development in technology regarding cost-effective renewable sources. Government regulations favor renewable sources of energy as the latter ‘s use can curb carbon emissions and various kinds of environmental pollution. Development in technology not only helps the production of biopower and but also the proper harnessing of biopower.

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Global Bio Power Market Scenario

The global biopower market has been segmented on the basis of application, type, and lastly, region.

The application-based segmentation segments this market into commercial applications, industrial applications, and residential applications. Commercial applications cover commercial establishments like shops and restaurants. Industrial applications cover factories and manufacturing units. Residential applications cover residential houses and buildings.

By type, the market has been segmented into biogas and biomass. Biogas is a mixture of different gases produced by the breakdown of organic matter in the absence of oxygen. Biomass is defined as the waste material from plants or animals that are not used for food or feed. It can be waste from animal farming, farming or horticulture, food processing, or human waste from sewage plants.

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Regional Analysis

The regional segmentation of the global biopower market segments the global market into regional markets namely North America, Europe, Asia Pacific, and rest of the world (RoW).

During the forecast period, North America is expected to dominate the BioPower market mainly due to favorable government regulations. The integration of BioPower has been anticipated to increase in this region, providing the market with scope for further growth. The United States of America (USA) and Canada are the two most technologically advanced nations that can be strong country-specific markets in this region.

Europe and the Asia Pacific are the other major regions for the BioPower market due to the growing manufacturing sector in these regions. In Europe, France, Germany and the United Kingdom (UK) are the strongest economies that can be potential country-specific markets in this region. In the Asia Pacific region, economies can be potential markets are China, India, and Japan.

Key Players

The key players in the global biopower market include A2A (Italy), Biopower Operations Corporation (USA), Dalkia (France), EnviTec Biogas AG (Germany), MVV Energie AG (Germany), Schmack Biogas GmbH (Germany), and Weltec Biopower GmbH (Germany).

Read More @ https://marketersmedia.com/global-bio-power-market-is-predicted-to-grow-due-to-growing-demand-for-renewable-energy-between-2016-and-2027-mrfr/491252

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Wind Power Industry Size 2019 | Global Share, Growth Trends, Key Drivers and Competitive Analysis through 2023

Global Wind Power Market Scenario

The global wind power market is expected to exhibit a high CAGR over the forecast period from 2016 to 2027, Market Research Future (MRFR) reports in its latest research report. The global wind power market is analyzed in detail in the new report from MRFR, which takes a close look at the historical and current growth trends in the global wind power market to gain an accurate idea of the market’s likely growth prospects over the forecast period.

Wind power is power derived from the kinetic energy of the wind. Wind power has been one of the oldest sources of power used by mankind, with windmills and other such applications going back hundreds of years. In recent years, the wind power market has experienced a renaissance with the growing public awareness about the need for renewable energy and the growing government support for the renewable energy sector. Wind power is derived by means of turbines, which are attached to turbines, which produce the electricity. The global wind power market is likely to experience steady growth over the forecast period due to the growing awareness about the importance of renewable power.

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There are a lot of growth drivers that work together to bring about success and development for the market. One of the major ones happens to be the support from the government, this factor can be termed as the chief growth factor for this industry. The government has laid strict rules and regulations in respect to utilization of renewable energy sources. Resultantly, the market gets benefitted. The rising demand for clean sources of energy further fosters the growth of the market.

Competitive Analysis:

Leading players in the global wind power market include Aban Loyd Chiles Offshore Ltd., Indowind Energy Limited, Orient Green Power Limited, GE Wind Energy Limited, Wind World India Limited, Enercon India Pvt. Ltd., Blue Sky Energy Inc., DNV GL, and WS Truepower LLC.

Segmentation:

The global wind power market is segmented on the basis of application, type, and region.

By application, the global wind power market is segmented into residential, commercial, and industrial. Industrial applications are likely to account for a major share in the global wind power market over the forecast period.

By type, the global wind power market is segmented into onshore and offshore. Onshore wind farms currently dominate the global wind power market, but the demand for offshore installations is likely to grow consistently over the forecast period.

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Regional Analysis:

Though the global wind power market is likely to experience growth across the world over the next few years, North America is likely to hold on to a leading share in the global wind power market due to the earlier presence of advanced wind power facilities in the region and the consequent establishment of the relevant infrastructure. The growing demand for offshore wind power farms in North America could play a key role in the growth of the wind power market in North America over the forecast period.

Industry Updates:

In May 2019, Mars Inc. announced plans to source all its required power in Mexico from a wind power farm in Yucatan. Such initiatives could prove to be a major turning point for the global wind power market, as corporate entities such as Mars Inc. have the capital to incorporate widespread use of wind power across their operations.

In May 2019, Siemens announced that it will shift its energy division to Siemens Gamesa Renewable Energy, a separately listed wind turbine supplier, which now becomes one of the largest players in the global energy market.

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Rise in Onshore Activities to Support Oil Field Equipment Market

Oilfield Equipment Market Research Report by Equipment (Drilling Equipment, Field Production Machinery, Pumps, Valves), Type (drilling (Drill Pipe, Drill Collars), Pressure & Flow control (BOP, Valves, Manifolds), Region.

Global Oil Field Equipment Market Research Report - Forecast to 2023

The global oilfield equipment market is demonstrating an ascending growth rate due to rapid onshore oil exploration activities. The pressure on OPEC countries for increasing their extraction rate is likely to fuel the demand for oil field equipment. However, due to low investments, offshore exploration has a less promising outlook. Market Research Future has asserted that the oilfield equipment is set to capture a CAGR of 4.5% over the forecast period.

Major oilfield equipment market players such as Schlumberger, Halliburton, and Baker Hughes have witnessed a surge in their earnings recently which had been dampened by the 2014 oil price crash. The demand for oilfield equipment has been lifted by the recovery of the drilling frenzy in North America. Shale gas exploration is likely to continue expanding in North America, and the Gulf of Mexico also shows promising prospects for the growth of the oilfield equipment market, with several substantial discoveries in the Norphlet reservoir.

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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

The global oilfield equipment market has been segmented based on type and equipment.

By type, the oilfield equipment market has been segmented into drilling and pressure flow control. The drilling segment has been further segmented into drill pipe, and drill collars flow.

The pressure and flow control segment has been further segmented into BOPs, Valves, and manifolds.

On the basis of equipment, it has been segmented into drilling equipment, field production machinery, pumps & valves, and others.

Geographic Analysis

By region, the global oilfield equipment market has been segmented into North America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

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.

Industry Updates

March 2019 Schlumberger, a global leader of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, and Rockwell Automation, provider of industrial automation and information technology, have entered into a joint venture to create an oilfield automation solutions provider called Sensia. Sensia would aid oil and natural gas customers cut down costs and improve efficiencies on the oilfield. This company will specialize in sensors and measurement technology.

Also Read more Info @ https://www.marketwatch.com/press-release/oilfield-equipment-market-2019-recent-developments-size-share-current-industry-trends-prominent-players-analysis-demand-and-forecast-to-2023-2019-04-22

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CNG Compressor Market Size, Share, Growth Insights, Prominent Players Analysis to 2023

Global CNG Compressor Market Analysis

The global CNG compressor market is expected to exhibit a CAGR of 5% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global CNG compressor market is mainly driven by the growing number of vehicles running on CNG and the growing demand for CNG transportation through pipelines.

The growing number of vehicles running on CNG is the major driver for the global CNG compressor market and is likely to remain the market’s most important driver over the forecast period from 2018 to 2023. The global CNG compressor market is mainly driven by the growing awareness about the multifold benefits of CNG in fueling applications, as it provides cleaner combustion than petrol or diesel and can be extracted at cheaper rates than either. A growing number of fleet operators are turning to CNG as an alternative to petrol or diesel, as running fleets on CNG is much cheaper over the long run and also more environmentally viable. The growing demand for long-distance road transportation and the growing cold chain industry are likely to be the major drivers for the global CNG compressor market over the forecast period.

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Competitive Analysis:

Leading players in the global CNG compressor market include GE Oil & Gas, Gas Compressor Consultants Inc., C&B Pumps and Compressors LLC, Associated Compressor Engineers, Elliott Company, Kobelco Compressors America Inc., CIMC Enric, Wartsila, Bauer Compressors Inc., J-W Energy Company, P C McKenzie Company, Atlas Copco, and Ariel Corporation.

Segmentation:

The global CNG compressor market is segmented on the basis of type, application, and region.

By type, the global CNG compressor market is segmented into dynamic, positive displacement.

By application, the global CNG compressor market is segmented into industrial, transportation, and residential. The transportation sector accounts for the largest share in the global CNG compressors market and is likely to remain the leading revenue generator over the forecast period due to the growing demand for fleet vehicles running on CNG.

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Regional Analysis:

Asia Pacific dominates the global CNG compressors market at present and is likely to remain the leading regional market over the forecast period due to the growing awareness about the benefits of natural gas in countries in Asia Pacific and the growing government support for large-scale establishment of CNG infrastructure. The growing transportation industry in Asia Pacific is also likely to be a major driver for the CNG compressors market over the forecast period. The growing infrastructure construction activities and rapid urbanization in Asia Pacific have driven the demand for long-distance transportation of various types of materials, leading to a growing demand from the CNG compressor market. The rapid economic rise of countries such as China, India, South Korea, Indonesia, and Malaysia is likely to further drive the demand for CNG compressors in the region over the forecast period.

North America and Europe also hold considerable shares in the global CNG compressors and are likely to remain reliable, steady customers in the global CNG compressors market due to the growing government support for initiatives aimed at using environmentally viable fuels in the transportation sector.

Also Read: https://www.abnewswire.com/pressreleases/cng-compressor-market-industry-analysis-size-share-growth-trends-by-forecast-to-2027_171472.html

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