Oilfield Equipment Market 2020 Size, Share, Industry Trends and Business Methodologies till 2023

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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Digital Oilfield Market: https://www.marketresearchfuture.com/reports/digital-oilfield-market-6784

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Utility Communication Market Size 2020 Business Strategy, Trends, and Forecast to 2023

The global utility communication market is segmented on the basis of wired communication type that includes power line barrier, optic fibre and Ethernet technologies. Furthermore, wireless communication type also forms a type of utility communication with RF mesh technology and mobile networks. The market is further classified based on the utility type as power generation and transmission, natural gas, water and sewage plants and oilfield communications. The global increase in the investment of smart grids, modification in billing practices and strict regulatory norms are driving the market for utility communications. It is necessary for the communication systems to work under even the worst conditions. As the number of smart grids around the world increases, there is need for more advanced power system control applications. 

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Segmental Overview

The market has analyzed the market based on technology type, utility type and end-use in the regions of North America, Europe, APAC and Rest of the World. The segments, on the basis of technology type, include wired communication (Power line carrier, Optic fiber, Ethernet), and Wireless communication (RF Mesh, Mobile Network). The power line carrier (PLC) technology sub segment, within the wired technology segment, is expected to hold the largest share of the utility communication market, by technology, during the forecast period. The RF mesh technology sub segment, within the wireless technology segment, is expected to hold the largest share of the utility communication market, by technology, during the forecast period. On the basis of utility type the segments are Power Generation & Transmission, Natural Gas, Water and Sewage, Oilfield Communications. Whereas, Asia-Pacific has been found to be the largest market for utility communications, closely followed by North America.

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Leading Players

We recognize the key players in the global utility communications market as  The key players of global utility communications markets are General Electric (U.S.) , Siemens AG(Germany), ABB, Ltd.( Switzerland), Schneider Electric SE (France) Motorola Solutions, Inc.(U.S.), Omicron Electronics GmbH (Austria), Digi International, Inc.(U.S.), Milsoft Utility Solutions, Inc.(U.S.), Cisco Systems, Inc.(U.S.) and RAD Data Communications Ltd.(Israel)

Scope of the Report

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global utility communications market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

Regional Outlook

Region wise, Asia-Pacific held the largest market share of the global utility communication market in 2017. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the increasing power generation capacities, growing manufacturing activities, and urbanization. Europe is expected to be the second largest market during the forecast period due to new technological developments in utility communication network which are the primary driving factors leading the utility communication market in Europe. According to the European Commission, USD 22.42 billion has been funded by the European Regional Development Fund (ERDF) and Cohesion Fund for ICT investments during the period, 2014–2020, with an anticipated additional investment of up to USD 280.13 billion for the period 2014–2020. Increasing investment in ICT would increase the demand for products under utility communication. Therefore, rising investment and moving trend towards digitalization would drive the utility communication market in Europe.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Heat Transfer Market 2020 Development Strategies, Segmentation and Comprehensive Analysis till 2023

Heat Exchanger Market Analysis

The global heat exchanger industry is witnessing steady growth and is expected to grow at a CAGR of approximately 9.5% over the forecast period of 2017-2023, reveals Market Research Future in a minutely analyzed research report.

Heat exchangers are devices used to transfer heat energy from one fluid to another. Heat exchangers find widespread use in power generation, chemical processing, electronics cooling, air-conditioning, refrigeration, and automotive applications. Heat exchangers used in abundantly in chemical and process industries. It is also used in automobiles in the form of radiators and oil coolers. It is most preferred and widely accepted equipment due to its green and energy-efficient properties. The focus of various regulatory bodies to reduce the amount of greenhouse gases for meeting the future sustainability is further driving the market for heat exchangers.

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Competitive Landscape

The global heat exchanger market is led by some prominent players including Xylem Inc. (U.S.), API Heat Transfer Inc. (U.S), Southern Heat Exchanger (U.S.), Gunter AG & Co. KG (Germany), Hamon & Cie International SA (Belgium), Hughes Anderson Heat Exchangers (U.S.), Kelvion Holdings Gmbh (Germany), Koch Heat Transfer Company (U.S.), Danfoss A/S (Denmark), Alfa Laval AB (Sweden), SPX Corporation (U.S.), and Sierra S.p.A (Italy).

Segmentation

The global heat exchanger market has been segmented based on type and application.

Type-wise segmentation of the global heat exchanger market includes shell & tube, plate, regenerative, and air cooled. Owing to its competitive advantages such as high efficiency, low-pressure drops, easy maintenance & repair, massive potential for heat transfer, and erosion prevention, the shell & tube heat exchanger segment dominates the market. In addition, shell & tube heat exchangers are cost-effective and possess better drainage properties.

Application-wise, the global heat exchanger market has been segmented into chemicals, oil & gas, power generation, HVACR, food & beverages, and others. The chemicals segment is the largest segment since heat exchangers are of prime importance in reaction systems such as purification systems, distillation columns, and reactors. The oil & gas segment is also an important segment.

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Regional Analysis

North America, Europe, Asia Pacific, and the Middle East & Africa are the key markets for heat exchanger.

Europe is the largest market for heat exchanger due to augmented demand from the region due to cold weather condition. Moreover, the region is leading in terms of production of plate & frame heat exchangers in regions such as Germany, UK, and France.

The Middle East & Africa market generates substantial demand for heat exchangers owing to growing application in oil refineries.

Asia Pacific market is expected to witness maximum growth over the forecast period. Rapid industrialization in countries such as China, India, Japan, Indonesia, and Australia initiate the high demand for heat exchangers.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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https://www.articletrunk.com/electric-motor-market-analysis-2020-development-strategy-future-plans-competitive-landscape-and-trends-by-forecast-2023/            

https://sites.google.com/view/electricmotormarketanalysis/home           

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https://sites.google.com/view/pneumaticconveyingequipmentmar/home             

https://themarketrecords.com/2020/10/29/pneumatic-conveying-equipment-market-demand-growth-application-regional-trends-analysis-and-forecast-to-2023/

Battery Industry Scenario, Growth Drivers, Opportunities and Business Methodologies till 2023

Global Battery Market Scope

Market Research Future (MRFR) expects the global battery market to achieve a CAGR of 4% during the forecast period (2018-2023). The growing demand for electric cars supported by the governments for reducing carbon footprint is driving the proliferation of the battery market. An upsurge in demand has been expected from the booming automotive sector which is projected to benefit the expansion of the market over the assessment period.

Leading Competitors

The leading companies shaping the worldwide batter market include Fengfan Co. Ltd. (China), Exide Technologies (U.S.), Johnson Controls Inc (U.S.), Chaowei Power Holding Ltd (China), Penn Manufacturing Company, Inc. (U.S.), The Furukawa Battery Co. Ltd (Japan), CamelGroup (Italy), Zhejiang Haijiu Battery Co. Ltd (China), Douglas Battery (U.S.), among others.

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Top Drivers and Primary Challenges

Batteries have emerged as a pivotal component in the increasingly electrified world. Their combination of advanced battery technologies and technical features has led to the creation of new and more sophisticated products. For instance, extended life duration along with the autonomy of batteries deployed in electric mobility can boost the demand for autonomous equipment such as robots for personal care or gardening etc.

Furthermore, trends in flexible or miniaturized batteries are expected to find widespread use in applications like internet-of-things and wearables. The battery market is steadily climbing the success ladder backed by the rising use of batteries for electric mobility. Additionally, markets such as batteries for portable electronic equipment are tasting success as well and are predicted to remain lucrative in the coming years as well. In the constantly evolving world of transportation, latest advancements in rechargeable batteries performance are giving rise to a host of opportunities for transport with reduced emissions as well as high environmental performances.

Growing consumption of laptops and mobiles, emerging economies, increasing disposable income as well as government initiatives and technological innovations are bound to help the market have an ardent growth during the conjectured timeframe.

Battery Market Segmentation

Battery type and application are the primary segments considered for the thorough examination of the global battery market.

In terms of the battery type, the global battery market covers lithium-ion, lead-acid, nickel-cadmium, and nickel-metal hydride. The lead-acid segment enjoys the utmost demand from the automotive sector and as a result, accounts for a significant portion of the market. In addition, consistent advancements in the lithium-ion segment can lead to strong market growth in the following years.

Application-based segments identified in the report are automotive, industrial and portable.

Regional Insight

The global battery market, geographically, can be broken down into North America, Asia Pacific (APAC), Europe, along with the Rest of the World (RoW).

APAC is projected to be the most lucrative market for battery in the ensuing years, backed by the sizeable investments being made by private organizations and the high adoption rate of electric vehicles (EVs). Amplifying number of research and development (R&D) activities by renowned research institutions along with the initiatives undertaken by multinational organizations striving to develop the next generation batteries has led the region to the top position in the global market. The region is known for high availability of highly skilled and promiscuous workforce, which also gives a significant boost to the market.

The battery market in North America is generating considerable revenue, thanks to the reducing lithium-ion battery prices and rising use of electric vehicles. The high sale of consumer electronics also favors the regional market. The United States (U.S.) along with Canada is known for being a pioneer in the innovation field of the battery market. The region is also considered to be one of the significant consumers of batteries.

The companies in Europe control a vast share of intellectual property as well as technological know-how in the worldwide battery industry. The region has managed to make its presence felt in the battery pack assembly sector and is abuzz with strong funding opportunities and a highly skilled workforce. Also, the high environmental standards make Europe a strong contender in the battery market across the globe.

Latest News

February 2019: Energizer-branded phones by Avenir Telecom, is set to launch a new mobile phone that has a battery power of 18000 mAh.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 

Well Intervention Market Report 2020 Development Strategies, Segmentation and Comprehensive Analysis till 2023

Market research future published a raw research report on Global Well intervention Market that contains the information from 2017 to 2023.  The Well intervention Market is expected to grow with the CAGR of approximately 3.5% from 2017 to 2023.

The global well intervention market is expanding at breakneck speed due to the surging demand for oil across the globe and constant depletion of oil reserves. Rapid industrialization and urbanization call for an increased demand for energy, which further supports the growth of the market in the foreseeable future. The augmenting production of oil and gas coupled with the regeneration of aging wells and fields are further encouraging the market growth. Well intervention services offer certain benefits like stimulation of well to make it ready for production by improving the hydrocarbon’s flow, cleaning up of the wells, monitoring the on-going operations in the wells, and offering annular seal to isolate specific sections of the well.

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Industry Highlights

Well intervention is the operation which is being carried out during the life of an oil well. These operations are generally carried out to improve the production as well as for the maintenance of the well. The growth of the well intervention market is driven by the increasing pressure on the oil field operators to increase the production of the hydrocarbons. The gradual depletion of the existing oil and gas natural reserves is leading to the increase in the use of well intervention services. 

The maturity of the existing oil and gas wells has increased the need for maintenance of oil wells to increase the productivity. The well intervention industry is important to both the equipment manufacturers and the service operators. Owing to factors such as an increased demand for oil and the drop-in replacement of depleting hydrocarbon reservoirs, the well intervention market is expected to experience a gradual increase in demand of well intervention.

Leading Players

The key players of global well intervention market are GE Oil & Gas (U.K.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), TechnipFMC plc. (U.K.), Baker Hughes Incorporated (U.S.), Weatherford International plc. (Switzerland), Archer Limited (U.K.), Trican Well Service Ltd. (Canada), Superior Energy Services, Inc. (U.S.), Basic Energy Services, Inc. (U.S.) and Others.

Segmental Analysis

The global well intervention market is segmented on the basis of service and application.

By service, the well intervention market is segmented into stimulation, logging and bottom hole survey, re-perforation, artificial lift, and others. Among these, logging and bottom hole survey is likely to gain prominence due to high production of oil and gas from shale reserves and shale gas revolution. With the growing production of an unconventional resource shale in Asia Pacific and America, logging and bottom hole survey has gained importance.

By application, the well intervention market is segmented into onshore and offshore. Among these, the offshore application is likely to expand at the fastest rate due to the surging demand for well intervention services on the offshore oil rigs. The rising deep-water drilling, along with the production activities and the growing number of maturing subsea wells are contributing to the growth of the offshore application segment.

Regional Frontiers

Geographically, the well intervention market spans across the Asia Pacific, North America, Europe, and Rest of the World (RoW).

Considering the global scenario, North America occupies the largest share in the well intervention market due to the ongoing shale gas revolution prevailing in the region. The regional market’s course is also directed by factors such as the increased production activities in this region. The surging production of crude oil, along with the increased production rate of natural gas is estimated to be primary growth factors for well intervention in the region.

The Asia Pacific is considered an emerging regional market in well intervention due to the surging use of intervention services in oil and shale services. The increased production and exploration activities due to increased demand for energy, especially from Indonesia, India, and China is further accelerating the growth of the market.

Scope of the Report

This research report has provided the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global well intervention market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

Browse Full Report at: https://www.marketresearchfuture.com/reports/well-intervention-market-2810

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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https://themarketrecords.com/2020/10/29/small-gas-engines-market-share-2020-emerging-technologies-growth-trends-by-forecast-2023/

Ring Main Unit Market Trends 2020 Development Strategies, Segmentation and Comprehensive Analysis till 2023

Ring Main Unit Market Scenario

The energy sector is making its move towards active energy management and smarter grid and ring main units are increasingly finding application in urban as well as rural power distribution systems. Its usage aligns with the need to efficiently cater to the augmenting demand for reliable energy across the globe. Studying the macro and micro-economic trends prevalent in the ring main unit market, Market Research Future has predicted the ring main unit market to reach USD 2.65 Bn at a CAGR of 8.4% over the forecast period of 2017-2023.

The augmenting need for reliable an uninterrupted power has increased interest in ring main units. Ring main units are an essential component of optimum energy supply model. Their application in wind power plants, power grids, underground insulation, and others have increased significantly, which has driven the ring main unit market significantly.

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Rising concerns regarding energy conservation long with the transition towards renewable energy resources has motivated strong growth within the market. Various countries are replacing and upgrading their existing grid structures with ring main units to answer the evolving challenges of secondary electrical distribution. Moreover, growing security concerns have also propelled the demand for ring main units. Ring main units use less conductive materials and are gas-insulated and sealed to provide complete prevention from electrocution. Moreover, they are highly flexible and require less maintenance.

Segmentation

The global ring main unit market has been segmented based on type, installation, and application.

By type, the ring main unit market has been segmented into oil insulated, gas insulated, air insulated, and solid dielectric.

By installation, the ring main unit market has been segmented into indoor and outdoor.

By application, the ring main unit market has been segmented into distribution utilities, industrial, and commercial.

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Regional Analysis

By region, the ring main unit market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

North America ring main unit market is driven by the expansion of existing grid networks in the region. Moreover, heightened focus on renewable power generation has favored the growth of the market.

The maximum share of the global ring main unit market is held by the APAC region. Increased infrastructural activities, fast-track industrialization, and heightened focus on the use of renewable energy resources are fostering the growth of the market in APAC. Government electrification projects in the emerging economies of the region along with growing microgrid network has also created a conducive environment for the growth of the market.

Europe ring main unit market accounts for an advantageous share of the global market and is expected to exhibit substantial growth over the forecast period. Growing investment in the renewable energy space along with rising investment in infrastructural activities is spurring the growth of the ring main unit market. Moreover, to achieve the European Union's renewable energy targets, the region has implemented various legislations which support the growth of the ring main unit market.

Competitive Landscape

Eaton Corporation, PLC (Ireland), Yokogawa Electric Corporation (Japan), Schneider Electric SE (France), SwitchGear Company (Belgium), ABB Ltd. (Switzerland), EPE Switchgear (M) Sdn. Bhd. (Malaysia), Siemens AG (Germany), General Electric Company (U.S.), L&T (India), and Lucy Electric Limited (U.K.) are the distinguished players in the ring main unit market.

Also Read: https://www.marketwatch.com/press-release/ring-main-unit-market-is-projected-to-grow-at-a-cagr-of-84-from-2017-to-2023-to-reach-the-market-size-of-usd-265-billion-by-2023-mrfr-2019-02-27

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

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