Jackup Rigs Market Size, Share, Growth, Sales Revenue, Demand and Trends by Forecast 2022

Global Jack-up Rig Market Highlights

One of the most widely used offshore drilling rigs are jackup rigs. They are self-elevating mobile drilling platforms equipped with legs which can be lowered to the ocean floor to establish foundation for support. They integrate a drilling rig, jacking system, loading and unloading facilities, crew stations, storage areas, helicopter landing deck and other drilling equipment. They are predominantly deployed in all major offshore production basins and can operate in water depths of up to 490 feet. Jackup rigs operations have become cost effective because of the recent technological advancements in equipment operations. The increasing global demand for energy and the rising number of investments for off shore drilling activities is driving the Global Jack-up Rig Market.

 

Competitive Dashboard

The key players of global jackup rigs markets are Rowan Companies Inc.(U.K.), Noble Corporation plc (UK), KCA DEUTAG Ltd.(Scotland), Maersk Drilling (Denmark), Diamond Offshore Drilling, Inc. (U.S), COSL (China), Transocean Ltd. (Switzerland), Seadrill Limited(Bermuda), ENSCO Plc (UK),  Halliburton (U.S.) and others.

 

Jackup Rigs Market Segments Analysis

The global jackup rigs market is segmented on the basis of type, application, operating depth, and region.

Based on type, the global jackup rigs market further classified into independent leg type andmat-type jackups.

Based on application, the jackup rigs market further classified into oil & gas and offshore wind turbine installations.

By operating depth, the industry is classified into shallow water, deep water and ultra-deep water.

Based on region, the global jackup rigs market cover growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World.

 

Jackup Rigs Regional Market Analysis

The recent discoveries of new oil & gas reserves in remote areas, combined with growing technological advancements in terms of equipment have made offshore drilling operations more feasible and cost-effective.

The global jackup rigs market has been witnessing a decent growth caused by the increasing global demand for energy. In addition to that, there has been significant investment by operators into deep water Oil & gas exploration activities.

Currently, North America, Europe and Africa are the largest markets for offshore drilling rigs and there have been increasing investments in engineering and procurement activity in the oil & gas exploration activities in these regions. Growing demand for deep-water activities in the Asia-Pacific region and further drilling into mid ocean is driving the demand for Jackup rigs in this region.

 

Smart Well Market Analysis, Growth, Size, Share, Trends and Forecast 2023

Global Smart Well Market - Overview

A smart well refers to an advanced well that uses sensors and valves to enable control on pressure and rates down-hole, to optimize the production performance and enhance oil reservoir recovery. Smart wells are installed with down-hole equipment that allows operators to control the well remotely, meaning, without intervention with the use of rigs or coiled tubing.

The global smart well market is estimated to garner a staggering CAGR during the forecast period according to the latest research study conducted by Market Research Future (MRFR). An upsurge in demand for oil and gas is fueling the market growth for smart wells. Numerous technological advancements are likely to improve the efficiency, control, and monitoring, boosting demand for smart well installations in the market.

Get Free Sample @ https://www.marketresearchfuture.com/sample_request/2623

Also, the overall recovery is enhanced, along with the facilitation of production from unconventional resources such as sands reserves and shale gas. Further, rapidly ascending investments by industry enterprises is also pushing the market growth for smart wells. Growth in the drilling and completion activities worldwide is directly influencing the augmentation of the global smart well market. Furthermore, increased use of horizontal and multilateral wells is also likely to pose as a significant market driver for smart wells. However, uncertainties with low crude oil prices are predicted to act like a key market restraint for the smart wells market.

Smart Well Market Segmentation

The global smart wells market has been segmented on the basis of well-type and region to derive insightful and accurate analysis.

Based on well-type, the global Smart Wells Market is segmented into on-shore and off-shore smart wells.

The onshore segment is likely to capture the largest market share during the forecast period, owing to the elimination of non-productive tie, increased productivity, and maximization of oilfield recovery.

Detailed Regional Analysis

The smart well market has been regionally segmented by Market Research Future (MRFR) into North America, Europe, Asia-Pacific, and Rest of the World.

The global smart well market is led by North America, due to significant value generation activities in the market recorded in the region. Further, North America is predicted to grow at a higher rate due to the exploration of new reserves, creation of new growth avenues for the exploration & production activities due to numerous technological developments.

The APAC is estimated to register a robust CAGR in the forecast period. The growth in Asia Pacific is primarily attributed to the shale activity in China and the increasing oil and gas exploration in the emerging economies such as India and Indonesia. Furthermore, a rise in the offshore oil and gas exploration activities coupled with enhanced oil recovery techniques are likely to push the Asia Pacific market. Market Research Future (MRFR) has asserted in its latest report on the global smart well market that Asia Pacific is estimated to emerge as the fastest growing region in the global market.

Key Players

In its latest report, Market Research Future (MRFR) has profiled some of the elite players in the global smart well market. The prominent players mentioned in the report include Baker Hughes, Halliburton, Schlumberger, Weatherford International, National Oilwell Varco, Superior Energy Services, Inc. Trican Well Service Ltd., RPC Inc., Nabors Industries Ltd, and Salym Petroleum Development N. V.

Industry Update

March 2019: Russia launched their first two smart oil wells on 26th March 2019, in the fields of Perm Krai. It is noted that it the first project of its kind that is fully operating in the country.

Browse Complete Report at: https://www.marketresearchfuture.com/reports/smart-well-market-2623

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.

 

Distribution Transformer Market Analysis, Trends, Growth, Share and Forecast 2023

Distribution Transformer Market Synopsis:

An exponential increase in the power generation capacities has been witnessed which is fueled by increased demand for power on the global front. The global distribution transformer market, as per Market Research Future (MRFR)’s findings, is expected to strike 8.70% CAGR during the review period 2018 to 2023. The valuation of the global market, according to the observation, is expected to reach USD 19 Bn by 2023. Rising investments by the governments for energy security is anticipated to catalyze market growth in the years to come.

The Rapid pace of industrialization is vital for a nation’s economy. It has led to increasing demand for energy and power. This, in turn, is poised to drive the growth rate of the distribution transformer market over the evaluation period. In addition, increasing urban population is also expected to influence the global market positively over the next couple of years.

Get Free Sample @ https://www.marketresearchfuture.com/sample_request/2581

The developments in the power infrastructure of developing nations are projected to have a favorable impact on the proliferation of the distribution transformer market. Also, the increasing investments in renewable energy industry are anticipated to expedite the growth process of the market in the nearby future.

Global Distribution Transformer Market Segmentation:

Based on type, the distribution transformer market has been segmented into pad mounted, pole mounted, and underground. Among these, the pad mounted is likely to account for the maximum market share owing to its use in electric power distribution. Other factors that are poised to drive the growth of the segmented are technological developments, urbanization & industrialization, and improvements in process control systems.

On the basis of insulation, the distribution transformer market has been divided into oil immersed and dry. The oil immersed segment is anticipated to witness rapid growth owing to its features such as loss reduction technology, temperature control systems, dielectric strength of insulation, highly reliable insulation, etc.

On the basis of power rating, the distribution transformer market has been segmented into <500 kVA, 500 kVA-2500 kVA, 2500 kVA- 10000 kVA, and > 10000 kVA.

By end-user, the global distribution transformer market has been segmented into utilities, industrial, and commercial & residential.

Access Full Report at: https://www.marketresearchfuture.com/reports/distribution-transformer-market-2581

Regional Analysis:

A detailed geographical evaluation of the global distribution transformer market is covered in this report on regional as well as country-level basis. The regional segments identified in this assessment are - North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).

Europe is expected to touch a valuation of USD 1.5 Bn by 2023. The generation of renewable energy in the regions is expected to provide an impetus to the expansion of the distribution transformer market in the upcoming years. Increasing investments in reduction of carbon emissions are likely to impact the market favorably in the long run.

Asia Pacific is also poised to play a significant role in the development of the global distribution transformer market. Increasing urbanization and industrialization in the fast-developing nations of the region are projected to open growth avenues for the market players. In addition, the region is likely to attract huge investments, which is again expected to catalyze the market.

Competitive Dashboard:

Wilson Power Solutions Ltd (U.K), Hitachi (Japan), Emerson Electric (U.S.), Kirloskar Electric Co. Ltd. (India), ABB Ltd (Switzerland), Wenzhou Rockwell Transformer Co., Ltd. (China), Eaton Corporation (Dublin), General Electric (U.S.), Ormazabal (Spain), Mitsubishi Electric Corporation (Japan), SPX Transformer Solutions Inc. (U.S.), Lemi Trafo JSC (Bulgaria), EREMU, S.A. (Spain), Hammond Power Solutions Inc. (Canada), Bharat Heavy Electricals Ltd (India), Bowers Electricals Ltd (U.K), and Crompton Greaves Ltd. (India) are few of the major participants of the global distribution transformer market. These players are projected to increase investments in research & development for strengthening their positions in the global market place.

Related Searches: https://www.marketwatch.com/press-release/distribution-transformer-global-market-projected-to-grow-radiantly-by-2023-asserts-mrfr-unleashing-industry-forecast-mrfr-2019-02-20

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.

 

Power Metering Market Analysis, Scope, Revenue, Demand and Forecast 2023

A power meter is an electric device which measures energy consumption and enables communication between the meter and the central system. The device reads and stores data of the number of units of electricity consumed and communicates that information back to the utility for billing and monitoring purposes. In addition, numerous government regulations to replace aging digital meters with smart meters are expected to push the sales in the market. Rising environmental concerns and introducing smart meters for residential and non-residential sector as well as high operating efficiency helps to boost the power metering market.

Also Read: http://www.marketwatch.com/story/power-metering-market-size-share-analysis-2020-development-pipeline-emerging-trends-covid---19-outbreak-scope-sales-revenue-trends-and-forecast-2022-2020-08-14

Industry Segmental Analysis

The report has analyzed the market based on types, phases, applications and the regions of North America, Europe, APAC and ROW (rest of the world).

On the basis of types, it includes smart, digital, analog. The smart meter is gaining popularity and is forecast to hold a higher position in the market.

On the basis of phases, it is segmented as single phase, triple phase.

On the basis of applications, it is segmented as residential, commercial and industrial. The major market is captured by the residential application, which includes the utilization of meters in urban and rural households. The commercial sector holding second position, is used for various commercial places such as hospitals, schools, shopping complexes.

The major market is captured by residential sector due to utilization of meters in all households. Increasing construction and industrial activities along with the replacement market of old and technologically outdated meters is the key driver of the market. Moreover, numerous government regulations to replace aging digital meters with smart meters are pushing the market towards growth. Whereas, issues related to privacy and standardization of the power meter act as barriers for the residential segment.

Access Full Report @ https://www.marketresearchfuture.com/reports/power-metering-market-2570

Prominent Players

We recognize the key players in the global Power metering market as General Electric (U.S.), Itron (U.S.), Toshiba Corporation (Japan), Melrose Industries plc. (U.K.), Wasion Group Holdings Ltd. (China), ABB(Switzerland), Eaton Corporation Plc (Dublin), Siemens AG (Germany) and Holley Metering (China)

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 Power metering 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.

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.

 

Hydraulic Fracturing Market Analysis, Trends, Growth, Revenue, Share and Forecast 2023

Hydraulic Fracturing Market Synopsis:

Hydraulic fracturing is used for extraction of unconventional resources. With the rising demand for pressure pumping, the hydraulic fracturing market is expected to witness a boom in the years to come. Major drivers, restraints, and opportunities in the hydraulic fracturing market were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. There are currently numerous growth drivers for the hydraulic fracturing industry.

According to Market Research Future (MRFR)’s analysis, the global hydraulic fracturing market is anticipated to mark 14% CAGR across the forecast period 2018 to 2023. Increasing investments in the exploration of unconventional resources such as tight oil, shale gas, etc. are likely to create opportunities for the players in the hydraulic fracturing market. Also, the depletion of natural resources has led to an increase in demand for these unconventional resources. This, in turn, is expected to lead the growth of the market over the next couple of years.

Get Free Sample Copy of Hydraulic Fracturing Market Report at: https://www.marketresearchfuture.com/sample_request/2532

The market is expected to witness advancements in the forthcoming years. It is anticipated to open new growth avenues for the market participants over the assessment period. However, the strict regulations imposed by the governments for the protection of the environments are poised to check the expansion of the hydraulic fracturing market over the next couple of years.

Competitive Dashboard:

Baker Hughes GE (U.S.), National Oilwell Varco, Inc. (U.S.), Schlumberger (U.S.), Patterson-UTI Energy (U.S.), TechnipFMC (UK), FracChem LLC. (U.S.), U.S. Silica Holdings (U.S.), Nuverra (U.S.), Halliburton (U.S.), FTS International (U.S.), Franklin Well Service LLC (U.S.), US Well Services (U.S.), and EOG Resources (U.S.) are few of the major players operating in the global hydraulic fracturing market.

These players are anticipated to witness intensified competition in the market place owing to expansion of global footprints and technological developments. The market is likely to remain lucrative over the next couple of years, which is poised to attract massive investments. Other growth approaches expected to be witnessed in the landscape of the hydraulic fracturing market are mergers & acquisitions, product portfolio development, strategic partnerships, collaborations, etc.

Hydraulic Fracturing Market Segmentation:

The segments of the global hydraulic fracturing market, on the basis of technology, are sliding sleeve, plug-and-perforation, and others. Among these, the plug-and-perforation segment is expected to lead the growth of the market over the next couple of years.

The hydraulic fracturing market has been divided on the basis of well type into horizontal and vertical. The horizontal segment is anticipated to hold a prominent market share during the forecast period owing to its efficiency in cracking multiple oil wells from the same point.

The segmental assessment of the global hydraulic fracturing market, on the basis of application, covers crude oil, tight oil, shale gas, and others. Among these, the tight oil segment is anticipated to lead the expansion of the market owing to rising demand for unconventional resources. The shale gas segment is also anticipated to hold a substantial share of the market in the years to come.

Regional Analysis:

The geographical assessment of the hydraulic fracturing market spans across four regions that are further analyzed on a country-level basis. The key regions identified in this study are North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

North America is expected to dictate the proliferation of the global market over the next couple of years. The availability of vast reserves of shale gas in the region is expected to drive the expansion of the market in the region in the upcoming years. In addition, investments in the exploration of shale gas are also expected to increase. This, in turn, is prognosticated to influence the expansion of the hydraulic fracturing market significantly in the years to come. The U.S. is assessed to lead the regional market over the next few years.

Browse Summary of Hydraulic Fracturing Industry Report at: https://www.marketresearchfuture.com/reports/hydraulic-fracturing-market-2532

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.

 

Oilfield Equipment Rental Services Market Analysis, Growth, Demand, Trends and Forecast 2023

Oilfield Equipment Rental Services Market Overview

Oilfield equipment is a device used for extracting oil and gas from the reservoir. In order to lessen the capital outlay on this equipment, the oilfield operators take this equipment on lease or rent. Market Research Future, in its recent study, revealed that, the global market for oilfield equipment rental services is expanding rapidly. The report published by them further reveals that the market is estimated to gain prosperity within 2022. The worldwide rising demand for energy has resulted in rapid growth in the offshore drilling activities to meet the rising demand, which ultimately has triggered significant boost to the oilfield equipment rental services market.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/2515

Additionally, new oil reserve inventions would accelerate the exploration and drilling activities in the coming years which will boost the demand for the market. However, strict government regulations coupled with environmental risks for drilling as well as surging focus on renewable energy may restrict the growth of the market. Characterized by the existence of several small and renowned players, the global market of oilfield equipment rental services appears to be extremely competitive. The prominent players go for collaboration, acquisition, expansion, product launch, and partnership, in order to maintain their market position and to attain competitive advantage in this market. The key players compete with regards to services and pricing.

Market Segmentation

The global oilfield equipment rental services market has been segmented based on pressure and flow control equipment, drilling equipment, application, and region.

Based on drilling equipment, the market has been segmented into drill collars, drill pipe, drill subs and others. Drill pipe dominates the pressure & flow control equipment segment of global market owing to its wide application in drilling the wells.

Based on pressure & flow control equipment, the market has been segmented into valves & manifolds, BOP, and others. BOP leads the pressure & flow control equipment segment of global market. BOP finds wide application in sealing, controlling and monitoring the oil and gas wells and to avoid the blowout.

Based on application, the market has been segmented into offshore and onshore. Onshore leads the application segment of global market primarily owing to the prevalence of large onshore shale reserve. Offshore segment is likely to be the swiftest growing segment over the forecast period.

Based on regions, the market has been segmented into Europe, North America, Middle East & Africa, Asia Pacific, and South America.

Regional Analysis

North America represents the highest share in the oilfield equipment rental services market, the U.S. being the key player. The progress in unconventional drilling technologies has attracted outlay for oil and gas drilling projects. Furthermore, vast hydrocarbon resources in the U.S. shale basins and increasing offshore drilling in the Gulf of Mexico, are accelerating the demand of the market. Besides, most of the key players are prevailing in this region. This has affected the growth of the market in an extremely positive way.

Key Players

The global oilfield equipment rental services market is dominated by key players such as Oil States International Inc. (U.S.), Halliburton Co. (U.S.), Schlumberger Ltd (U.S.), Weatherford International Ltd. (Switzerland), Superior Energy Services Inc. (U.S.), National Oilwell Varco (U.S.), Baker Hughes (U.S.), Transocean Ltd. (Switzerland), Cameron International Inc.  (U.S.), and B&B Oilfield Equipment Corp (U.S.).

Access Full Report at: https://www.marketresearchfuture.com/reports/oilfield-equipment-rental-services-market-2515

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.

 

Superconducting Wire Market Scope, Growth, Analysis, Demand and Forecast 2023

Superconducting Wire Market Research Report: Information by Type (High Temperature, Low and Medium Temperature), Application (Energy, Medical, Industry, and Research), and Region – Global Forecast till 2023

 

Superconducting Wire Market Research Report – Global Forecast till 2023

Superconducting wires are made up superconductors such as niobium-titanium and are employed in application across various use cases. They are majorly used in transformers, power storage devices, smart grids, and electric motors owing to the advantages they offer such as zero power dissipation, and superconductivity and are deployed to reduce energy consumption. The global superconducting wire is anticipated to showcase noteworthy growth and register a CAGR of 9.80% over the forecast period of 2016-2023, affirms Market Research Future (MRFR) in its in-depth study.

Multifarious application of superconducting wires across various industry verticals is promoting the growth of the market. Superconducting wires are largely used in the power industry owing to their desirable feature of energy transmission without any loss, as compared to copper or aluminum wires. For the same reason, they find massive application in power storage devices. The emerging technology of high-temperature superconductors stores massive potential to improve the capacity of underground and overhead power T&D systems, motors, generators, and power plants. Growing energy crisis and energy conservation goals are likely to bolster the application of superconducting wires, thereby boosting the market growth.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/7307

Superconducting wires find significant use in the medical industry too. Superconducting wires are capable of producing large-volume, stable, and high-intensity magnetic fields required for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR). This presents massive growth opportunities to the superconducting wire market. Furthermore, growing smart city projects in the developed countries of the world provide growth opportunities to the superconducting wire market.

On the other hand, superconducting wires are expensive and are accompanied by the cost of refrigeration which limits their application. The performance of superconducting wires is limited by magnetic flux density or field, the current density, and the operating temperature. Moreover, the high manufacturing cost of superconducting wire also remains a major challenge to market growth. However, the introduction of high-temperature superconducting wires which address the challenges of superconducting wires is likely to provide growth opportunities to the market.

Get Full Report at: https://www.marketresearchfuture.com/reports/superconducting-wire-market-7307

Segmentation

The superconducting wire market has been segmented based on type and application.

By type, the superconducting wire market has been segmented into high-temperature superconductors and low & medium temperature superconductors. The high-temperature superconducting wire segment is leading the market on account of heightened use of these types of wires in medical, research, industrial processing, and electronics.   

By application, the superconducting wire market has been segmented into energy, medical, industry, and research.

Regional Analysis

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

Europe seized the largest share of the market in 2017 and is anticipated to exhibit substantial growth over the forecast period. High awareness regarding energy conservation coupled with energy efficiency initiatives by the European Union is fueling the growth of the Europe market.

North America superconducting wire market is driven by various smart city projects undertaken in the region along with a greater focus on energy conservation. The expanding electrical industry in APAC is supporting the growth of the superconducting wire market.

Competitive Landscape

Theva Dunnschichttechnik GmbH, Phoenix Contact, Fuji Electric, Furukawa Electric Co., Ltd., Japan Superconductor, Fujikura Ltd., American Superconductor Corporation, Sumitomo Electric Industries, Bruker Corporation, Eaton, Superconductor Technologies Inc., and Superox are the distinguished players in the superconducting wire market.

Also Read: https://www.marketwatch.com/press-release/superconducting-wire-market-2019-size-growth-opportunities-trends-future-scope-segmentation-leading-players-demand-and-regional-forecast-to-2023-2019-10-14

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:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

Related Reports:

Global Superconductor Wire Market, by product (high temperature superconductor, low temperature superconductor), by Application (energy, healthcare, industry and others) - Forecast 2016-2022

https://www.marketresearchfuture.com/reports/superconductor-wire-market-2068

Global Gas Generator Market Research Report- Forecast to 2023

https://www.marketresearchfuture.com/reports/gas-generator-market-4364

 

Gas Genset Market Trends, Growth, Share, Demand and Forecast 2023

Gas Genset Market Research Report: Information by Fuel (Natural Gas, Biogas, Others), Power Rating (Up to 100 KVA, 100-350 KVA, 350-1000 KVA, Above 1000 KVA), Application (Standby, Peak Shaving, Continuous), End-User and Region – Global Forecast till 2023 

 

Gas Genset Market Research Report – Global Forecast till 2023

Market Research Future (MRFR), an eminent research firm, asserts that the global gas genset market will garner exponential growth by 2023, registering a CAGR of over 5% throughout the forecast period (2018 to 2023). A significant shift towards gas generators due to the increased usages in the rental power is a prevailing trend propelling the growth in the market.

Rising demand for power and the unstable power supply situations in most of the developing countries are aiding the growth in the gas gensets market. Additionally, stringent regulations against CO2 emissions that affect internal combustion engines are augmenting the demand for the gas gensets. 

The gas genset market is growing continually, primarily due to the increasing demand for energy.  Frequent outages, caused by various reasons, including natural calamities that can interrupt operations in industries, emergency services, homes, and commercial establishments, drive the market growth. Moreover, the growing demand for cost-effective and reliable power supply escalates the market on the global platform.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/7297

The gas gensets are environment-friendly and produce lower carbon, sulfur, and nitrogen emissions. Rising carbon emissions, low operational cost, and more efficiency of gas genset compared to diesel genset are some of the prominent driving forces behind the growth of the global gas genset market.

Global Gas Genset Market – Segmentations

For a better scope of understanding, the report has been segmented into five key dynamics:

Based on end-user, the gas genset market is segmented into industrial, commercial, and residential. Residential segment is estimated to dominate the market during the forecast period due to the increasing demand for energy resources in remote and rural areas.

The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the power rating, the market is segmented as up to 100 KVA, 100-350 KVA, 350-1000 KVA, and Above 1000 KVA. Up to 100 KVA segment accounts for largest share in the gas genset market due to its rising installation in residential sector.  

Major Players:

Players leading the global gas genset market include Cummins, Caterpillar, Wartsila, General Electricals, Siemens AG, Genrac Power Systems, ABB, MTU Onsite Energy GmbH, Himoinsa, PARAMAC, and Sudhir Power, among others.

Get Full Report at: https://www.marketresearchfuture.com/reports/gas-genset-market-7297

Geographical Analysis

The North American region would continue with its dominance over the global gas genset market throughout the forecast period. Factors that are substantiating the market growth in the region include rising production of natural gas and shale gas in the region and aging grid infrastructure and natural calamities that cause frequent power outages.

Augmenting demand from events alongside, the upsurge in the construction industry due to the infrastructure development projects is fostering the growth in the regional market. The US, backed by declining prices of natural gas and carbon emission reduction targets, would dominate the gas genset market in North America.

The gas genset market in the Asia Pacific region has emerged as another lucrative market, globally. Massive availability of natural gas in the region due to the rising natural gas production, foster the growth of the regional market. 

Moreover, favorable government regulations against greenhouse gas emissions are positively impacting the growth in the regional market. Owing to the rapid growth in the manufacturing sector, in recent years, the region is expected to demonstrate huge growth prospects during the forecast period. India and China, backed by the rapid industrial development and commercial activities, contribute to the gas genset market in the region, majorly.

Also Read: https://www.marketwatch.com/press-release/gas-genset-market-2019-development-history-growth-opportunities-global-size-share-leading-players-analysis-demand-and-business-boosting-strategies-till-2023-2019-10-10

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:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

Related Reports:

Global Gas Generator Market Research Report- Forecast to 2023

https://www.marketresearchfuture.com/reports/gas-generator-market-4364

Global Industrial Air Compressor Market Research Report- Forecast 2022

https://www.marketresearchfuture.com/reports/industrial-air-compressor-market-2075