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Power Discrete Market Robust pace of Industry during 2017-2025

Global Power Discrete Market: Snapshot

The prosperity of power discrete market is a reflection of its extending application in alternative energy, commercial aviation, communication, defense, medical, automotive, and power solutions. With escalating energy needs across the world, the power grid infrastructure is getting modernized in order to generate more power, transmit and distribute it efficiently, and monitor the consumption as per the requirements of the end-user, and thereby propelling the demand in the global power discrete market. In the commercial aviation sector, technologically advanced power discrete are gaining popularity to meet the ever-increasing electronic content in new generation aircrafts.

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In the security and defense sector, the reliability and flexibility offered by power discrete is highly useful for radar and other electronic warfare, guidance and control systems, autonomous weapons, and secure communication. The medical sector has also emerged as a potential end-use industry for the vendors in the global power discrete market, finding application for implantable RF and ingestible devices, monitoring and diagnostic equipment, wireless telemetry, magnetic resonance imaging (MRI) equipment, wearable wireless radio frequency (RF) monitoring devices. Power discrete makes for highly reliable and high performance products, and help in improving patient care and quality of life.

The automotive sector contributes to nearly 45% of the world’s energy consumption. As a result, it is paramount to increase the performance of each component in an automobile and power discrete systems offer flexible opportunities to make hybrid motor control devices and meet the escalating demand.

Global Power Discrete Market: Overview

The increasing demand for insulated-gate bipolar transistor (IGBT) is contributing significantly to the growth of the power discrete market. Power discrete devices are a type of semiconductor devices that are utilized as a switch in power electronics. For instance, a switch-mode power supply is an example of power discrete device.

The report presents valuable insights into the growth trends of the global power discrete market for the 2017-2025 period. This includes a scrutiny into vital market indicators such as market drivers, market challenges, and trends in the historic years and their behavior analyzed for the future years.

The report is presented collecting data from industry-centric databases and using validated analytical tools for scrutiny of the information. Last but not the least, the report is an all-important tool for comprehending trends, opportunities, and competitive hierarchy of the global power discrete market for the 2017-2025 period.

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Global Power Discrete Market: Material Requirements

Power discrete devices utilize next-generation materials such as SiC and GaN. This is because these materials offer speed switching, low energy loss, and great heat resistance. Power semiconductors use silicon carbide (SiC) for expansion, which includes SiC, SiC BJTs, SiC JFETs diodes, MOSFETs, and SiC Schottky. The band gap material that provides comparable benefits as SiC has better cost-reduction potential. In addition, gallium nitride (GaN) can be used by existing silicon substrates. The use of GaN helps reduce cost and facilitates mass production. The approval of SiC and GaN power semiconductors are anticipated to increase, mainly in the industrial motor drive and electric vehicle/hybrid electric vehicle segments.

Global Power Discrete Market: Drivers and Restraints

The incessantly increasing demand for Insulated Gate Bipolar Transistors (IGBTs) is one of the major factors driving the global power discrete market. The use of discrete silicon-based IGBTs increases the efficacy of electronic devices that range from consumer electronics to power electronics. As a matter of fact, the use of silicon-based IGBTs contributes significantly to the advancement of power electronics.

However, the growth of the power discrete market is challenged due to several factors. Some of these are slow economic upturn in the US, Eurozone debt crisis, and natural calamities in Japan among others.

Global Power Discrete Market: Market Segmentation 

The global power discrete market is segmented on the basis of type and application. By type, Insulated Gate Bipolar Transistor (IGBT), Gallium Nitride (GaN), power rectifiers, Metal Oxide Semiconductor Field Effect Transistor (MOSFET), Silicon Carbide (SiC), and thyristors are the components of this market. On the basis of application, the power discrete market is divided into automotive, consumer, medical, cellular handsets and infrastructure, and lighting among others.

Companies Mentioned in the Report 

The report presents the competitive scenario of the global power discrete market profiling key companies in the market, namely Infineon Technologies AG, Mitsubishi Electric Corp., ST Microelectronics N.V., International Rectifier, Vishay Intertechnology Inc., Siward Crystal Technology, Vectron International, Fairchild Semiconductor International Inc., Toshiba Corp., Fuji Electric Co Ltd, Renesas Electronics Corp, ON Semiconductor Corp, and Tongfang Guoxin Electronics among others.

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Building Integrated Photovoltaics (BIPV) Market Sluggish Growth Rate Foreseen by 2017-2025

Global Building Integrated Photovoltaics (BIPV) Market: Snapshot

Photovoltaics is one of the most promising arenas among renewable energy technologies. Ensuring there are no concerns related to environmental hazards and energy shortage, photovoltaics (PV) is an ideal way of directly converting sunlight into electricity.  In building integrated photovoltaics, the photovoltaic elements have become an integral part of the building. A number of photovoltaics designers and experts in the U.S., Japan, and Europe are exploring newer ways of incorporating solar energy in buildings.

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In a building integrated photovoltaics systems, a photovoltaic system is built by assembling several individual collectors, known as ‘modules’, mechanically and electrically into an array. A building integrated photovoltaics system integrates these modules onto the surface of the building, such as the façade or the roof. Apart from adding architectural appeal to the building, the building integrated photovoltaics system saves considerable amount of material and electricity, simultaneously bringing down the use of fossil fuels and the consequent harmful emissions. Building integrated photvoltaics could be used in off-grid, stand-alone systems as well as with utility grids. Grid-tied systems offer benefits such as a free storage system, maximum efficiency, and unlimited capacity.

The two primary photovoltaic technologies available are thin-film products and thick crystal products. Photovoltaics can be incorporated into various assemblies in a building envelope. Incorporation into the façade of a building, replacing or complementing traditional view is one way of installation. Usually, the installations are vertically positioned, with lesser access to solar energy. However, the wide surface areas of buildings enable to counterbalance the low generation of power. The deployment of photovoltaics in roofing systems eliminates the need for conventional 3-tab asphalt shingles and batten and seam metal roofing. Integration of photovoltaics with skylight systems can result into an exciting design, besides being economical.

Global Building Integrated Photovoltaics (BIPV) Market: Overview

The demand for building integrated photovoltaics (BIPV) is rising in response to the increasing focus on renewable energy. In the next few years the construction of green building is expected to gain pace, thus creating immense scope for increased installation of BIPVs. Spurred by these factors, the global BIPV market is expected to report strong growth over the course of the forecast period.

The report presents a comprehensive market overview covering revenue growth exhibited by the market across various regional segments. For the purpose of the study, it also gauges the impact of Porter’s five forces on the market operations. 

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Global Building Integrated Photovoltaics (BIPV) Market: Drivers and Restraints 

Government support and promotion strategies adopted by them to encourage energy conservation are the chief drivers of the global building integrated photovoltaics market. Installing BIPVs ensure higher energy efficiency, which is the key factor fuelling its uptake across commercial, industrial, and residential sectors. In order to promote the deployment of building integrated photovoltaics, governments of emerging nations are offering various monetary and economic benefit, which are expected to translate into growth opportunities for the market. The market is thus expected to gain from the increased efforts by government agencies to encourage the use of solar energy solutions among an increasing number of consumers.

On the downside, installing BIPVs require high initial investment. The technology to be used also depends upon the different building codes and measurements. Lack of knowledge and expertise to estimate the same is a major restraint for the market. Nevertheless, with technological advancements on cards and the diverse uses of BIPV modules, the market is expected to witness immense opportunities over the forecast period.

Global Building Integrated Photovoltaics (BIPV) Market: Market Segmentation 

The global BIPV market can be segmented based on technology, application, procedure, and geography. By technology, the market can be segmented into thin film PV and crystalline silicon PV. The thin film technology segment can be further classified into copper indium dieseline (CIS), amorphous silicon, and cadmium telluride (CDTE). In terms of procedure, roofing, glazing, cladding, glass, shading, facades, and wall integrated markets constitute the key segments. By application, the key segments of the market are commercial buildings, industrial buildings, and residential buildings. Regionally, North America, APAC, Europe, and Rest of the World constitute the key market segments.

By installation, the market is expected to witness lucrative opportunities in Europe. Besides this, it is also expected to have attractive prospects in Asia and North America. Besides this, the Middle East will exhibit immense scope for the market’s growth over the course of the forecast period. Furthermore, the commercial building segment has been exhibiting the maximum installation of building integrated photovoltaics. However, adoption in the industrial sector is expected pace at a higher rate. The proliferation of awareness campaigns showcasing the benefits installing PVs is expected to boost the BIPV installation in the industrial sector. 

Global Building Integrated Photovoltaics (BIPV) Market: Vendor Landscape

Some of the leading players operating in the global building integrated photovoltaics market are CentroSolar AG., Ascent Solar Technologies Inc., Schott Solar Ag., PowerFilm Inc., DOW Solar, Suntech Power Holdings Co. Ltd., First Solar, Dyesol Ltd., United Solar Ovonic, Kyocera Corp., and Wurth Solar GMBH.

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Automotive Transmission Systems Market Detailed Analysis and Forecast 2017-2025

Automotive Transmission Systems Market: Brief Overview

Automotive transmission systems have been undergoing several developments in recent times, with the most crucial one being the shift from manual to automatic. The key function of a transmission system is to circulate power from the engine. These systems utilize gears and clutch to provide torque conversions and speed.

The growing demand to improve vehicle performance and fuel economy, the changing and varied needs of users, and the demand for enhanced driving experience have resulted in the development of advanced automotive transmission systems.

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Automotive Transmission Systems Market: Comprehensive Insights

Hoping to minimize the transmission power response time and comply with carbon emission norms, automobile manufacturers are constantly conducting R&D activities to improve vehicle performance. This has resulted in the development of advanced transmission systems.

Dual clutch transmission (DCT) and continuously variable transmission (CVT) are two main types of automotive transmission systems. Customers across the globe have different needs and preferences for transmission systems, which has led to diverse market conditions for both CVT and DCT. For instance, CVTs have gained preference over DCTs in North America and Asia, while CVTs are likely to be discontinued in Europe, with DCT installation rates gaining greater ground.

Leading automakers such as Volkswagen and Honda manufacture their own automotive transmission systems in-house by partnering with other Tier-I technology vendors. This has resulted in limited scope for growth of other automotive transmission system manufacturers.

Automotive Transmission Systems Market: Major Segments

The global automotive transmission systems market has been segmented based on type into continuously variable transmission (CVT) and dual clutch transmission (DCT). On the basis of type of vehicle, the market takes into consideration commercial vehicles and passenger cars. From the point of view of geography, the worldwide market for automotive transmission systems can be categorized into Europe, North America, Asia Pacific, and the Rest of the World.

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Automotive Transmission Systems Market: Drivers and Restraints

The report highlights the prominent factors influencing the growth of the automotive transmission systems market. Based on the findings of the report, the need to reduce carbon emissions, the growing demand for the expansion of production facilities, the need for better fuel efficiency than that offered by conventional transmission systems, and high installation rates of continuously variable transmission systems in Asia Pacific and North America are currently driving the demand for automotive transmission systems.

On the flip side, high maintenance cost and performance gaps pose a major challenge for the growth of the automotive transmission systems market. Moreover, high cost constraints of dual clutch transmission systems and technical limitations of continuously variable transmission systems result in a lower installation rate in commercial vehicles across the globe.

On the plus side, however, the increased demand for hybrid vehicles presents key opportunities for this market. Automobile manufacturers in developing markets such as Brazil and India are yet to explore the use of these technologies, which is likely to spur the demand for automotive transmission systems at greater levels.

Automotive Transmission Systems Market: Vendor Landscape

There are several leading players operating in the automotive transmission systems market. These include Borgwarner Inc., Fiat Powertrain, Aisin Aw Co. Ltd., Gkn Driveline, Hofer Powertrain GmbH, Hilite International, Fuji Heavy Industries, Jatco Ltd., Magna Powertrain, Niba Ag, IAV Automotive Engineering, Ntc Powertrain, Luk GmbH& Co., Suzler Ltd., Valeo, Tremec, and Ricardo plc.

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Nuclear Air Filters Market Promising Growth Opportunities and Forecast 2017-2025

Global Nuclear Air Filters Market: Snapshot

Nuclear Air Filters Market offers products such as carbon filters, pre-filters, and High Efficiency Particulate Air (HEPA) filters. HEPA filters are ahead of the curve due to their remarkable efficiency and phenomenal potential to eliminate droplets, contaminants, and sub-micron sized particles with advanced particle attraction and diffusion techniques. The report claims that HEPA filters have the ability to eliminate about 99.97% of air pollutants. Additionally, the harmful particles from the air are trapped even before they reach the final filtration process, which maintains the condition of the product in the long run.

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Currently, nuclear air filters are being used for the purpose of removing allergens, asthma triggers, bacteria, dander, mold, dust mites, and pollen. The demand for carbon filters is expected to spike in the coming years due to their ability to remove organic acids, aldehydes, ethers, esters, chlorinated hydrocarbons, ketones, sulphuric acid, phosgene, halogens, and other airborne chemicals. The adoption of nuclear air filters will also be augmented in the residential segment as they are known to remove odor from humans and animals.

The demand for nuclear air filters is expected to grow against the backdrop of their key feature of removing household chemicals, volatile organic compounds (VOCs), and perfumes. Air purifiers that are equipped with various activated carbon are expected to gain momentum in the coming years as they deliver better performance while filtering certain noxious aerosol compounds. From the industrial point of view, the persistent development of nuclear power plants is expected to have a positive impact on the global Nuclear Air Filters Market.

Global Nuclear Air Filters Market: Overview

The growth of the nuclear energy market worldwide is widening up the opportunities for its affiliated industries – one of them is nuclear air filters market. The market is solely dependent on the deployment of nuclear power facilities, thus it follows the trends of the nuclear energy market in terms of drivers, restraints, and prices. Nuclear air filtration systems play an imperative role in the fuel processing installations, nuclear energy research facilities, and waste management units. Their ability to execute resourceful processing and filtration of air and water for higher operational efficiency is anticipated to drive their demand. Some of the key nuclear end users of these filters are power reactors, test and research reactors, and fuel plants.

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The report serves as a repository of analysis and information regarding various critical aspects of the global nuclear air filters market including its dynamics, geographical segmentation, and competitive landscape. It profiles prominent players in the market along with their business strategies and latest developments. It offers insights into the statistics pertaining to the market.

Global Nuclear Air Filters Market: Drivers and Restraints 

The increasing safety concerns and strict environmental laws are mandating the nuclear power generation units to deploy robust air filtration systems. After a number of nuclear accidents in the past, a greater degree of accountability and responsibility is demanded from nuclear establishments. This along with the pressing need of cutting down radioactive emissions and nuclear air pollution is fuelling the market. Moreover, it is estimated that the life extension of nuclear power generation plants is higher than other types of power plants. To keep the reactors running unfailingly, the maintenance of each component becomes crucial. Therefore, components such as air filters find strong demand in these power plants in new as well as retrofit applications.

However, the various incidents of nuclear disasters have resulted in negative publicity of nuclear power generation among public, which in turn is retarding the growth of the nuclear energy market and its overlying industries. Moreover, the rigorous process of obtaining green certification, which is required to launch these products is hampering the growth of the global nuclear air filters market. Nevertheless, rapid technological advancements are likely to create ample growth opportunities for the market.

Global Nuclear Air Filters Market: Geographical Segmentation 

The key regional segments studied in the report are North America, Europe, Asia Pacific, and Rest of the World. Countries having well-established nuclear power generating facilities and research establishments are expected to serve as the major contributors to the growth of the global nuclear air filters market. Therefore, while Japan, South Korea, India, and China are the key contributors in the Asia Pacific region, the most of the growth of North America will be propelled by the U.S. In Europe, the U.K., France, Russia, Sweden, and Germany will hold great potential for the market.

Companies Mentioned in the Report: 

CLARCOR Inc., Porvair Filtration Group, Flanders/CSC Corporation, AAF International, Nippon Muki Co. Ltd, Camfil AB, Axenic Systems, Lennox International Inc., ATICO Medical Pvt. Ltd, Advance International, and Air Filter Industry Ltd. are some of the key players in the global nuclear air filters market.

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Drillships Market Detailed Study Analysis with Forecast by 2028

Drillships MarketOverview

The global drillships market is expected to expand at an impressive pace during the forecast period, thanks to the growing demands for oil across the globe.

A drillship refers to a special merchant ship designed for offshore drilling in order to explore new oil and gas wells. Along with this, they are also used for several scientific drilling purposes.

Transparency Market Research has announced to add a report on drillship market in its vast repository. The report is expected to offer an in depth analysis on industry trend, that is anticipated to cover all the important market segments. Along with this, the report is expected to have all vital data that will help indicating growth and latest trend in the drillship market during the forecast period.

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Drillships Market: Notable Developments

Some of the recent development in the drillships market are-

One of the key aspects in the oilfield exploration is the have accurate data, therefore players are focusing towards the integration of advanced technologies such as big data in the drillships inorder to make oil field exploration task relatively simpler and easier.

Key industry players in the drillahips market are focusing on organic growth strategies such as acquisitions and mergers, collaboration and business expansion in order to strengthen their market position. Some of the prominent players operating in the the drillships market are., Ensco Rowan Plc, Noble Corp. Plc, Diamond Offshore Drilling Inc, Samsung Heavy Industries Co. Ltd., and Transocean Ltd.

Drillships Market: Key Trends 

The global drillship market is projected to expand at remarkable pace in the coming few years.  The is mainly because of the heavy dependency of huge data sets for instance formation pressure, temperature, porosity and permeability of reservoir rocks in exploration of oil fields. This data help oil and gas E&P operators in make accurate decision thus contributing to improve the overall performance of operations. That’s one region oilfield drilling and mining industry is tending towards advanced equipment that has ability to process huge amounts of data and offers accurate results. The ability of drillship to integrate with advanced technologies is a prominent factor expected to drive the global drillships market.

However, factors like growing emphasis of government towards renewable sources of energy and stringent regulatory law for import and export of drillships are the two factors expected to hinder growth in the drillships market during the coming few years.

Nevertheless, factors like rapid expansion of urbanization and industrialization is poised to offer several lucrative opportunities for the growth of the global drillships market in the coming few years.  Along with this, rise in adoptiom of the advanced technology and ease provided drillships in oil fields exploration are some other factors expected to fuel the demand for drillships during the forecast period.

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Drillships Market: Regional Outlook

The global drillship market can be segmented into Asia Pacific, North America, the Middle East and Africa, Europe and Latin America. Among all these regions, the Middle East and Africa is expected to hold maximum share in the global drillships market this mainly due to the vast availability of oil shore in the region. The region is highest producer of oil and oil based products in across the globe.

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Deepwater and Ultra-Deepwater Drilling Market Current Scenario and Future Growth Analysis by 2028

Global Deepwater and Ultra-Deepwater Drilling Market: Overview

Perpetual growth across the global deepwater and ultra-deepwater drilling market can be attributed to a range of factors. The Gulf of Mexico has become an area of interest for miners and oil excavators. The Gulf encapsulates a large expanse of pipelines, and in 2018, there were over 3300 deepwater wells in the Gulf of Mexico. The viability of oil exploration activities around this area has created ripples across several oil-related markets. The deepest wells in the Gulf of Mexico go up to 150 meters. The use of drilling systems for deepwater operations has gathered momentum in recent times.

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Governments in oil-rich nations have focused on accelerating deepwater drilling operations in order to foster economic stability. This factor has generated huge-scale revenues within the global deepwater and ultra-deepwater drilling market. Several modules for improving the efficiency of oil drilling operations have been conceptualised over the past decade. Exploration activities are under the radar of focus across marine regions.

The aforementioned developments across the oil exploration sector have prompted TMR Research (TMR) to study the dynamics of the global deepwater and ultra-deepwater drilling market. A report by TMR defines the role of the oil industry in propelling demand across the global deepwater and ultra-deepwater drilling market. The report also summarizes the subsidiary factors that could usher in fresh revenue potential in the global market.

The global deepwater and ultra-deepwater drilling market can be segmented on the basis of the following parameters: application and region.

Global Deepwater and Ultra-Deepwater Drilling Market: Notable Developments

The strategies of leading market players are capable of causing disruptions in the overall contours of the global deepwater and ultra-deepwater drilling market. Some of the recent developments in the competitive landscape are explained below:

  • CNOOC Petroleum Offshore U.S.A. Inc. (CNOOC) and Shell Offshore Inc. developed the Norphlet Deepwater Gathering Pipeline System some time ago. This pipeline system has been acquired by Williams Group. The acquisition generated stellar demand for ultra-deepwater drilling over the past few months.
  • Diamond Offshore Drilling Inc. has emerged as a key market player that thrives on the synergies of its research and development units. Other players such as Transocean Ltd. and Saipem Spa have also improved their research facilities. This trend has expanded the consumer base of the deepwater and ultra-deepwater drilling market to new regions.

Other notable players in the global deepwater and ultra-deepwater drilling market are Ensco Rowan Plc, Schlumberger Ltd., and Halliburton Co.

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Global Deepwater and Ultra-Deepwater Drilling Market: Growth Drivers

  • Oil and Gas Exploration to Gather Swing

The depletion of oil reserves has compelled researchers to delve into the gravity of the problem. In most cases, drilling operations at the surface of the seabed fail to fetch oil or gas. Hence, ultra-deepwater drilling operations have gained popularity across the oil industry.

  • Development of New Oil Rigs

New drillships have come to the fore in recent times. The Maersk drillship created a world-record for the deepest digging operation. These oil exploration hacks have also played a vital role propelling the market demand.

Global Deepwater and Ultra-Deepwater Drilling Market: Regional Outlook

On the basis of geography, the global deepwater and ultra-deepwater drilling market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The expansive operations across the Gulf of Mexico have given a thrust to the market in Latin America.

The global deepwater and ultra-deepwater drilling market is segmented on the basis of:

Application

  • Deepwater drilling
  • Ultra-deepwater drilling
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Petroleum Liquid Feedstock Market Scope and Opportunities Analysis 2018-2028

Global Petroleum Liquid Feedstock Market: Overview

An important factor fuelling the growth of the global petroleum liquid feedstock market is the escalating demand for petrochemical feedstocks. Continuous expansion of the petrochemical industry, helped by growing applications of numerous end products, is likely to increasingly contribute toward the global petroleum liquid feedstock market during the forecast period, from 2018 to 2028.

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The production of petrochemicals needs a huge amount of gas, crude oil, and its derivatives. For example, in 2018, nearly 90% of the chemicals utilized as petrochemical feedstock were made from gas and crude oil, mainly in the form of ethane or naphtha. As such, the requirement for primary feedstock chemicals such as ethane and naphtha is likely to rise through 2030, supporting the rapid strides of the market.

The global market for petroleum liquid feedstock has been segmented on the basis of the following parameters: type, application, and region.

Global Petroleum Liquid Feedstock Market: Notable Developments

The market dynamics of the global petroleum liquid feedstock market have improved in recent times. One of the leading developments in the global petroleum liquid feedstock market are:

  • In April 2019, Chevron Corporation made an announcement of its definitive agreement with Anadarko Petroleum Corporation to buy all of the outstanding shares of Anadarko in cash and stock transaction. The acquisition of Anadarko is quite likely to substantially augment Chevron’s already privileged upstream portfolio and further reinforce its leading position in deepwater, attractive shale, and large natural gas resource basins.

Some of the most prominent competitors operating in the competitive landscape of global petroleum liquid feedstock market include –

  • Exxon Mobil Corp.
  • TOTAL SA
  • Royal Dutch Shell Plc
  • BP Plc,Saudi Arabian Oil Co.
  • Chevron Corp.

New market entrants are likely to emerge in the global petroleum liquid feedstock market in forthcoming years.

Global Petroleum Liquid Feedstock Market: Growth Drivers

  • Numerous Health Benefits to Escalate Demand for Petroleum Liquid Feedstock

Presently, numerous industry initiatives are focused on innovations in petrochemical and refining technology to enable petrochemical companies to achieve optimum efficiency, minimize energy consumption, process unconventional crude oil, and enhance quality of refined products. For example, advanced control and analysis technologies are being adopted by petroleum refineries to optimize outcome of refinery products, thus boosting petroleum liquid feedstock market.

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Advanced control and analysis technology is helping in the implementation of improved safety measures in refineries. As such, increased technological progress in downstream oil and gas business is likely to augment the profit margin of the industry. In all likelihood, such move will stimulate the growth of global petroleum liquid feedstock market over the forecast timeframe.

In addition to the aforementioned innovations, other key growth factors for the global petroleum liquid feedstock market are fast-paced growth of the transportation sector, expanding explorations of unconventional petroleum sources, and growing capacity of petrochemical plants and refineries. Furthermore, the oil and gas refining are leveraging the potential of blockchain technology to bring dramatic improvements in operational efficiency and transparency. Blockchain projects are already being tested or are in operation in developing markets such as Asia and Europe.

Global Petroleum Liquid Feedstock Market: Regional Outlook

In 2018, Asia Pacific accounted for a sizable share of the global petroleum liquid feedstock market. The region is likely to display faster growth over the timeframe of forecast and continue with its regional prominence until 2023. Demand for oil and gas products, together with their by-products, has been growing significantly in countries such as India and China, creating substantial avenues in the global petroleum liquid feedstock market.

In India, market players are collaborating to install large greenfield refineries by 2022. The nation is emphasizing on need for strengthening their refinery capacities, which will propel the application of gas oil and naphtha for the production of petroleum products.

The global petroleum liquid feedstock market is segmented based on:

Type

  • Naphtha
    • Heavy Naptha
    • Light Naptha
  • Gas Oil

Aapplication

  • Industrial
  • Solvents
  • Gasoline
  • Cleaning Fluids
  • Adulterant to petrol
  • Others
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Global News

Powerships Market Segmentation Detailed Study with Forecast to 2028

Global Powerships Market: Overview

A powership or a power ship refers to a special purpose ship, which houses a power plant to serve as a source of power generation. An existing ship can be modified for generation of power or a marine vessel on which a power plant is set up to cater to the need for power generation.

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Some recently built power ships were changed into self-propelled powerships with ready to go infrastructure for developing nations. These can be plugged into national grids as and when needed. Unmotorised powerships, also known as power barges, refer to power plants set up on a deck barge. These ships are also sometimes known as “barge mounted power plants” or “floating power plants”.

The global market for powerships has been segmented on the basis of the following parameters: type and region.

Global Powerships Market: Notable Developments

The dynamics of the global powerships market have improved in recent times. Some of the leading developments pertaining to the global powerships market are mentioned below:

  • In 2018, Zurich-based ABB Group announced that it has acquired a U.S.-based GE Industrial Solutions, GE’s global electrification solutions business.
  • In April 2019, Karpower International B.V. and Mitsui O.S.K. Lines, Ltd. announced that they have agreed to collaborate on the LNG-to-Powership business to become the most preferable and reliable LNG to powership solution provider in the world, under the name of “KARMOL”.

Some of the most prominent competitors operating in the competitive landscape of global powerships market include –

  • General Electric Co.
  • ABB Group
  • Volkswagen AG
  • Karpower International BV
  • GAS Entec Co. Ltd.

New market entrants are likely to emerge in the global powerships market in the years to come.

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Global Powerships Market: Growth Drivers

Escalated Demand for Energy and Natural Gas to Stimulate Market Growth

The global demand for energy has risen, thanks to the growth of the global economy. Growth in the level of income of people has further escalated the demand for energy services, such as air conditioning (ACs). Industrial sector has been witnessing accelerated adoption of electric motor systems and such industrial need has augmented the requirement for energy.

In addition to increased demand for energy, significant growth in the production of natural gas is another factor that is pushing the global powerships market towards growth. For example, as per the projections the production of shale gas in the Permian Basin, U.S. will increase two-fold over the period of forecast (2018–2028). Such expansion in the production of natural gas will have a direct influence on the growth of the global powerships market.

Global Powerships Market: Regional Outlook

The Middle East and Africa region served prominent share of demands in the global powerships market in 2018. Growing demand for efficient yet economic generation of power within a short span of time is driving the powerships market in the region. Besides, the increasing need for electricity is augmenting the load on the already existing grid connections. It has led to power blackouts during peak times. As such, powerships are increasingly being adopted in the region to avert such situations and support the grid power at the time of peak demand, such as during summer months.

Developing countries such as China and India are the massive consumers of electricity. Growing number of electronically-connected devices, electrification of the transport and heating sector, and extensive digitalization spur the demand for electricity in the region. Therefore, powerships market in the Asia Pacific region is likely to witness upsurge in growth.

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Kelly Drives Market Latest Trends and Future Growth Study by 2028

Kelly Drives Market-: Overview

The global kelly drives market is projected to grow at a significant pace during the forecast period, thanks to the blooming oil and gas drilling market. A kelly drive is an oil well drilling device that is fixed on oil or gas drilling rigs. It employs a section of pipe with a polygonal that passes through the matching polygonal or splined bushing and rotary table.

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The report is expected to offer an in depth analysis of the industry with all important segments. The study also tracks recent technological advances and assesses their impact on the present competitive dynamics. The insights and assessments will help users with several vital information and perspectives. Moreover, the projections will help indicating growth and latest trend in the kelly drives market during the forecast period of 2018–2028.

Kelly Drives Market: Notable Developments and Competitive Landscape

Surge in number of companies in the kelly drives market is intensifying the competition. In ordert to stay ahead players are adopting cutting-edge manufacturing techniques. Additionally, players are recalibrating their strategies to gain a stronghold in the Kelly drives market.

For instance, recently in July 2019, National Oilwell Varco Inc. launched a product call BlackBox drilling tool. The new tool can capture multi-axis vibration, temperature, and rotation measurements with accuracy, higher resolution, and higher frequency.

Some of the most prominent competitors operating in the competitive landscape of global kelly drives market include –

  • National Oilwell Varco Inc.
  • NERUM ENERGY LLC
  • RM Holding BV
  • Schlumberger Ltd.
  • Vallourec SA

Kelly Drives Market: Key Trends

The global kelly drives market is expected to grow at a significant pace in the coming few years, mainly because of the increasing adoption of advanced drilling technologies. Further, development in shale gas deposits has widened the opportunities for upstream oil and gas companies. This is expected to fuel the kelly drives market in the coming few years.

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Further, amendments in oil and gas exploration activities in North America is attracting domestic and foreign investments, thus leading to an increase in exploration activities. This will boost the adoption of kelly drives-equipped rigs in the coming few years.

However, factors like high costs, inadequate awareness, and lack of skilled are expected to hamper the future prospects of the kelly drives market in the not-so-distant future.

Nevertheless, growing demand from players in the oil and gas industry to  ensure the safety of workers and reducing cost of extracting crude oil is offering lucrative gains to the growth of the kelly drives market.

Kelly Drives Market: Regional Outlook

The kelly drives market is classified into North America, Europe, the Middle East and Africa and Asia Pacific on the basis of geography. Among all these regions, North America is projected to account for the highest share of the kelly drives market throughout the forecast period. This is mainly because of the increasing oil and gas drilling activities in the region.

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Electrical Digital Twin Market Share and Growth Factors Impact Analysis 2018-2028

Global Electrical Digital Twin Market: Overview

The electrical industry continually assimilates new technologies and operational models. The ever-increasing need for power across a wide spectrum of industries has compelled electricity providers to overhaul their approach. Supply of electricity across the residential, industrial, and commercial sectors requires regulation and monitoring of the highest accord. Hence, the relevance of utilities in a largely electrified world cannot be undermined. The global electrical digital twin market is growing in conjunction with advancements in the electricity sector.

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Power utilities are required to transmit electricity across a large expanse of residential and industrial settlements. This factor puts on onus upon utility operators to maintain safety, resilience, and sufficiency across the power grid. This factor has played a tremendously important role in establishing the importance of electrical digital twins. There is a stellar need to preclude discrepancies in the supply of electricity.  This apprehension leads utility operators to simulate power grids by means of a virtual electrical digital system.

Several regions have allocated huge amount of investments towards betterment of power grids. Several countries are shifting from traditional power grids to smart grids. In this scenario of rapid overhauls, the demand for electrical digital twin is bound to rise. Furthermore, sloppy practices in the electrical industry have led government authorities to mandate the use of digital twins.

A syndicate report reviews the growth trends operating in the global electrical digital twin market. The global electrical digital twin market is segmented along the following parameters: type, application, deployment, end-user, and region. On the basis of deployment, cloud-based technology is projected to become immensely popular in key regions.

Global Electrical Digital Twin Market: Notable Developments

Some of the featured developments in the global electrical digital twin market are listed herein.

  • Siemens Inc. has flashed its capabilities in developing effective electrical digital twins. The company considers data as the central theme of the digital revolution. The digital twin technology by Siemen helps in protection of data. Furthermore, data exchange and synchronisation are amongst other key functionalities within this technology. The global electrical digital twin market has morphed the operational structure of the electricity sector.
  • Schneider Electric’s Cikarang Smart Factory in Indonesia is changing the face of the energy sector. The EcoStruxure™ Architecture developed at the factory offers digital twin capabilities. Other companies are expected to invest in developing their own technologies or architecture with improved digital twin models.

Names of the prominent players operating in the global electrical digital twin market are listed below:  

  • GE (US)
  • Emerson (US)
  • ABB (Switzerland)
  • AVEVA (UK)

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Global Electrical Digital Twin Market: Growth Drivers

  • Need to Eliminate Digital Losses

The transmission of electricity via power grids involves substantial amount of risk. Even minor deviances from the required value of input or output can cause major fallouts. Hence, there is a need to test-run all power grids in a virtual space. This factor generates huge-scale demand within the global electrical digital twin market.

  • Corrections and Adjustments in Electricity Supply

Power outages can be a severe deadlock for the energy sector. Power utilities are majorly driven by the need to optimize electricity supply and consumption. The recurring need to scale electricity supplies according to the needs of the sectors has given rise to adjustments. Digital twins help in making such adjustments, and this factor has played an integral role in propelling market demand.

The global electrical digital twin market is segmented on the basis of:

Twin Type

  • Gas & Steam Power Plant
  • Wind Farm
  • Digital Grid
  • Hydropower Plant,
  • Der

Deployment

  • Cloud/Hosted
  • On-Premises