Oilfield Equipment Rental Services Market Analysis 2020 Global Trends, Share, Emerging Trends and Industry Outlook 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.

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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.).

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Temporary Power Generation Market 2020 Size, Segmentation and Comprehensive Analysis till 2023

Acknowledging the exponential growth, the market is observing currently; Market Research Future (MRFR) in its recently published study report asserts that the global temporary power market is expected to create a significant revenue pocket by 2023, registering approximately 10% CAGR between 2016-2023.

The aging power infrastructure across the globe is encouraging the market growth. Temporary power is referred to as an independent source of electric power which highly supports several sectors with power supply during scenarios like power outage and blackouts. It is an uninterrupted, continuous, and a reliable power source which enables the end-users to run tools and equipment over an extended period.

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Industry Highlights

One of the key drivers for the growth of temporary power market is the rising demand for energy due to growing infrastructural and construction activities, surge in the number of planned events, accompanied with the scarcity of electricity. Poor grid infrastructure is leading to regular blackouts, which gives rise to the need for rental power. Developing countries have a huge demand for energy. Due to the existing grid infrastructure, which is not satisfying the increasing power demand blackouts and power outages have been frequent and boost the demand for the temporary power. The blackouts prove very expensive for the industries in terms of loss of production.  Generators (temporary power systems) come to the rescue as they supply the power to the industrial, residential and commercial sectors, in cases of power cut. The growing number of events such as sports and other big events are also driving the temporary power market.

Global Temporary Power Market Segmentation:

The MRFR analysis the Temporary Power Market is segmented into four key dynamics for the convenience of understanding;

By Fuel Types: Comprises Diesel, and Gas among others.

By Generator Ratings: Less than 80 kW, 81-280 kW, and More than 280 kW.

By End-Uses: Events, Construction, and Mining, among others.

By Regions:  North America, Europe, APAC and the Rest-of-the-World.

Competitive Analysis

The well-established, temporary power market appears to be fiercely competitive due to the presence of several large, small and new entrants operating in the market. The market is estimated to witness an intensified competition further.  

Top Players: 

Some of the leaders driving the global temporary power market include Ashtead Group Plc (UK), Aggreko PLC (UK), Caterpillar Inc. (US), Speedy Hire (US), Hertz Corporation (US), Smart Energy Solutions (UAE), United Rentals (US), Power Electrics (UK), Cummins Inc. (US), APR Energy Inc. (US), Kohler (US) and Rental Solutions Services (UAE).

Regional Frontiers

Geographically, the temporary power market has been studied under regions namely, Asia Pacific, North America, the Middle East & Africa, Europe, and South America.

Considering the global scenario, the North American region is anticipated to command for the largest market share owing to the surging demand for power and power generation capacity addition plans. Canada and the US are the primary economies fueling the growth of the market in this region owing to the aging power grid infrastructure. natural calamities also cause frequent power outages which is likely to contribute to the growth of the market.

The Asia Pacific region is anticipated to expand at the fastest rate during the review period. The region is likely to retain its position due to the surging industrialization mainly in the Southeast Asian economies like Malaysia, Indonesia, Thailand, Philippines, and others. The increasing demand for continuous power supply is bolstering the market growth. The unavailability of power access to electricity especially in the underdeveloped areas is likely to offer lucrative opportunities to the regional market.

North America region is expected to drive the growth of the market due to the increasing demand of power in the region. The transmission and distribution system, having been established long back in the region is causing frequent blackouts of power, thereby driving the demand for temporary power systems in the region. The advancements in the construction industry in the region are also driving the growth of the market. In the developing economies of Asia-Pacific region, where there is limited or no access to electricity, there is demand for temporary power market.

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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.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, 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.

Critical Power & Cooling Market 2020 Emerging Opportunities and Gross Margin Study with Forecasts to 2023

Market Research Future (MRFR) has recently published an in-depth report on the global critical power and cooling market and has indicated a CAGR of 8.92% in the market over the forecast period of 2018-2023. Global critical power and cooling Market 2019 Industry research report provides an In-Depth analysis that includes an executive summary, definition, and scope of the market. This report is a valuable source of guidance for companies and individuals offering Industry Chain Structure, Business Strategies and Proposals for New Project Investments.

Critical Power and Cooling Market Key Companies Studied in This Research Report Are:

Stulz GmbH, Asetek A/S, Eaton Corporation, Nortek Air Solutions, LLC, Critical Power, Falcon Electric, Inc., Delta Electronic, Inc., Xiamen Kehua Hengsheng Co., Ltd., SPX Corporation, Johnson Controls, Inc., Socomec, Schneider, Siemens, Daikin Industries,Ltd., General Electric, and ABB are the key players in the critical power and cooling market.

Also Read: http://www.marketwatch.com/story/critical-power-and-cooling-market-2020-growth-insights-current-scenario-top-players-covid---19-impact-applications-demand-and-industry-boosting-strategies-till-2023-2020-08-13

Global Critical Power and Cooling Market Overview

Power outages are non-negotiable in critical business environments such as hospitals, IT data centers, industrial and infrastructural units, and energy setups. Critical power and cooling solutions are essential to enhance the life of equipment and ensure steady performance.  Critical power and cooling services have become key to the functioning of industries, especially the data center industry and are being increasingly demanded on a global scale.

Perhaps, the increase in the number of data centers is the most significant factor that has driven the global critical power and cooling market. Data center operators are faced with the challenges of prolific growth in data consumption and workloads, meet sustainability goals, reduce cost, and increasing power dense infrastructure which emits massive heat. Such complex environment requires reliable power, lighting, and heating/cooling for optimum performance, which has induced demand within the critical power and cooling market. Other factors supporting market growth include growing demand for improved cooling efficiency, need to stabilize power supply variation, and tighter industry regulations to reduce anomalies in power supply.

Critical Power and Cooling Industry Segmentation

The global Critical Power and Cooling market has been segmented based on type and end-use.

By type, the critical power market and cooling market has been segmented into uninterrupted power supply (UPS), generators, and others. The other segment includes converters, power transfer switching, inverters, transfer switches, breaker transfer pairs, and generator paralleling breakers.

By end-use, the critical power and cooling market has been segmented into Industrial, commercial, IT & Telecommunication, Telecom, and Transportation. The commercial segment is anticipated to capture the highest CAGR over the forecast period due to the rise in the number of data centers, banks, hotels, and other commercial properties.

Regional Analysis

Region-wise, the critical power and cooling market has been segmented into North America, South America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

North America is the dominant critical power and cooling market. The augmenting demand for data centers and the presence of power-sensitive industries where power and cooling are critical requirements for the proper functioning of various industrial processes is boosting the demand for critical power and cooling. The market is rapidly expanding in commercial areas of the region such as the US, Mexico, and Canada. Moreover, high investments in the construction of data centers by technology giants is likely to foster market growth.

Rapid industrialization in the APAC region has opened growth avenues for the critical power and cooling market. The consolidation of the IT industry is a critical growth enhancer since they generate demand for critical power and cooling from data centers. Heightened demand from end-use industries in the region such as power generation, petrochemical, oil & gas, and others are contributing to the market growth. China, India, and Indonesia are the key contributors to the APAC market.

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Direct Drive (Gearless) Wind Turbine Market 2020 Overview, Emerging Trends and Industry Outlook 2022

Market Research Future (MRFR) has published a research report about the global direct drive wind turbine market that calculates raise for this market at 11.5% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2022.

The most important factor shaping the direct drive wind turbine market growth is a range of advantages that include higher torque with low rpm, increased efficiency, and reduced noise. Other factors, carrying out the growth of this market include depleting fossil fuel reserves, favorable government policies, increasing greenhouse gas emission, increasing significance of renewable energy sources, growing concern for energy conservation, and rising demand for energy.

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The wind being one of the cleanest sources of power generation, is used to generate electricity by wind turbines. Increasing demand for renewable energy across the globe has majorly attributed to the growth of the direct drive wind turbine market. Moreover, depleting fossil fuel reserves, increasing environmental sensitivity, low cost of wind power generation and financial support from governments across the globe all have a knock-on effect on the global market size.

Key Players

The key players in the global direct drive wind turbine market include American Superconductor Corporation (USA), Emergya Wind Technologies B.V. (The Netherlands), ENERCON GmbH (Germany), General Electrics Renewable Energy (USA), Goldwind Science & Technology Co. Ltd. (China), Leitwind AG (Italy), Siemens AG (Germany), VENSYS Energy AG (Germany), Windtronics LLC (USA), and Xiangtan Electric Manufacturing Group (China).

Global Direct Drive Wind Turbine Industry Segmental Analysis

The global direct drive wind turbine market has been segmented on the basis of capacity, technology, and lastly, region.

Based on capacity, this market has been segmented into less than 1 mega watt (MW), 1MW to 3MW, and more than 3MW.

The technology-based segmentation segments the market into an electrically excited synchronous generator and permanent magnet synchronous generator. During the forecast period, the permanent magnet synchronous generator technology is expected to experience significant growth due to the increase in offshore activities.

Regional Analysis

The global market for direct drive wind turbines is geographically spread across Asia-Pacific, North America, Europe, and the Rest of World.

Globally, Europe has secured the top position and is predicted to retain its position throughout the forecast period due to its impressive streak of renewable energy sources usage. Moreover, the massive contribution from countries such as Spain, United Kingdom (U.K), France and Ireland combined with favorable government regulations has buoyed the market growth in the region.

The growth in Europe market is followed by Asia-Pacific owing to the adoption of gearless wind turbines in the emerging economies such as China and India with growing energy needs in the region. Furthermore, the region observes market growth on account of continuous capacity additions to the existing industry participants. Also, increased awareness of renewable energy usage serves to propel the market growth. in addition, large number of plant managers focus on enhancing operational efficiency and reducing maintenance costs, which directly triggers the market growth in the region.

MRFR reports that the North America market is highly lucrative on account of installation base and revenues. Constant technological advancements, product development and mergers and acquisition among well-established market players bode well with the market growth in the region. Increasing demand for low-cost, renewable source of energy is one of the major factors fueling the market growth as well.

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1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.2 Research Process

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Direct Drive Wind Turbine Market, By Capacity

4.1 Introduction

4.2 Less Than 1MW

4.3 1MW To 3MW

4.4 More Than 3MW

5 Global Direct Drive Wind Turbine Market, By Technology

5.1 Introduction

5.2 Electrically Excited Synchronous Generator (EESG)

5.3 Permanent Magnet Synchronous Generator (PMSG)

Continued…..

List Of Tables

Table 1 Global Direct Drive Wind Turbine Market, By Capacity

Table 2 Global Direct Drive Wind Turbine Market, By Technology

Table 4 Global Direct Drive Wind Turbine Market, By Region

Table 5 Asia-Pacific Direct Drive Wind Turbine Market, By Capacity

Table 6 Asia-Pacific Direct Drive Wind Turbine Market, By Technology

Table 8 Asia-Pacific Direct Drive Wind Turbine Market, By Country

Table 9 China Direct Drive Wind Turbine Market, By Capacity

Table 10 China Direct Drive Wind Turbine Market, By Technology

Continued…..

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 products, services, technologies, applications, end users, 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.

Pneumatic Conveying Systems Industry 2020 COVID – 19 Analysis, and Segmentation by 2022

Global Pneumatic Conveying System Market – Overview

Market Research Future has published a research report about the global pneumatic conveying system market that has supposed success for this market at 6% CAGR during the forecast period that would end in 2022. A pneumatic conveying system is a process that is useful for transferring or injecting almost any type of bulk materials via a gas flow as the conveying medium from one or more sources to one or more destinations.

The global pneumatic conveying system market has witnessed a tectonic surge over the past few years, mainly due to rapid industrialization, especially in emerging nations. The surging demand for material handling equipment is likely to favor the market growth. With the expansion in waste treatment and recycling industries, rapid industrialization in the emerging nations, and an upswing in demand for energy efficient systems, the pneumatic conveying system market is likely to gain traction.

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The major factors guiding the global pneumatic conveying system market growth include growing demand for material handling equipment, increasing demand for the energy-efficient pneumatic conveying system, and rapid industrialization in emerging economies. However, factors that can restrain the market growth include complex installation and high capital investment.

Increased health-related concerns among the consumers are compelling the manufactures to use automated pneumatic conveying systems as they assure hygiene of products and also prevent contamination of the materials used.  Advancing technology in pneumatic conveyance, coupled with the high availability of advanced products which are integrated with intelligent control technology is triggering the demand from the pneumatic conveying system market.

Leading Players:

·       Cyclonaire Corporation (USA),

·       Dynamic Air Inc. (USA),

·       Flexicon Corporation (USA),

·       Hillenbrand Inc. (USA),

·       Macawber Engineering Inc. (USA),

·       Nilfisk Group (Denmark),

·       Nol-Tec Systems Inc. (USA),

·       Schenck Process Holdings GmbH (Germany),

·       Vac-U-Max (USA), and

·       Zeppelin systems GmbH (Germany).

Global Pneumatic Conveying System Market: Segmental Analysis

The pneumatic conveying system market is segmented on the basis of type, operation, and end use.

By type, the global pneumatic conveying system market is segmented into vacuum pressure conveying, positive pressure conveying, and combined combining.

By operation, the pneumatic conveying system market is segmented into dilute-phase conveying and dense-phase conveying.

By end use, the market comprises ceramic, pharmaceuticals, rubber & plastic, and food.

Regional Analysis

The regional segmentation of the global pneumatic conveying system market can segment the market into the regional markets namely North America, Asia Pacific, Europe, and rest of the world (RoW).

The Asia Pacific region is the most important regional market due to rapid industrialization in countries like China and India. Various economic reforms in the economies are also benefitting the market growth. Some other prominent country-specific markets in this region are South Korea and Japan, followed by remaining countries of the Asia Pacific region.

North America is the second largest regional market because due to technological advancement, many key market players are based in the USA and Canada. In terms of revenue, these two countries are the biggest markets in North America. Increased demand for energy-efficient pneumatic conveying systems is also contributing to the market growth in this region. Next important country-specific market is Mexico, followed by the remaining countries in North America.

Europe is another important regional market in this region due to the reasons the same as in North America. The prominent country-specific markets in this region are Germany, France, and the UK, followed by the remaining countries of Europe.

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Table of Contents

1 Executive Summary

2 Research Methodology

2.1   Scope of the Study

2.2   Research Process

2.3   Market size Estimation

2.4   Forecast Model

3 Market Dynamics

3.1   Market Drivers

3.2   Market Inhibitors

3.3   Supply/Value Chain Analysis

3.4   Porter’s Five Forces Analysis

4 Global Pneumatic Conveying System Market, By Type

4.1   Introduction

4.2   Positive Pressure Conveying

4.3   Vacuum Pressure Conveying

4.4    Combined Conveying

5 Global Pneumatic Conveying System Market, By Operation

5.1   Introduction

5.2   Dense-phase conveying

5.3   Dilute-phase conveying

6 Global Pneumatic Conveying System Market, By End-Use

6.1   Introduction

6.2   Pharmaceutical

6.3   Ceramic

6.4   Food

6.5   Rubber & Plastic

7 Regional Market Analysis

7.1 Introduction

7.2 Asia-Pacific

7.3 North America

7.4 Europe

7.5 Rest of the World

8 Competitive Analysis

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.