Levant Power Cable Market size for 2016 was valued over USD 3 billion and is set to witness gain over 8% by 2024

Growing government and private funding to refurbish the war affected public assets will drive the levant power cable market size. The Government of Iraq signed a strategic agreement with Siemens to strengthen and upgrade the country’s traditional energy infrastructure with the modern and secured systems. In 2016, Iraq invested USD 358 billion toward construction projects post-civil war.

Rising focus towards the expansion of clean energy with the aim to reduce the dependency on conventional fossil fuel will accelerate the power cable market share. In 2016, Government of Jordan announced the third renewable energy tender to add 200 MW of solar and 100 MW of wind projects. In 2017, Government of Israel had announced the development of country’s largest solar power project having capacity of 310 MW by 2018. The country is also targeting to meet 10% of its electricity demand from the renewable sources by 2020.

MV power cable market is set to exceed USD 2 billion by 2024 owing to its high adaptability across the transmission and distribution applications. In 2016, Egyptian Electricity Transmission Company (EETC) announced an investment of over USD 1.6 billion towards the strengthening of its existing transmission network.

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Syria power cable market is witnessing significant downturn on account of internal conflicts between government and rebels. However, post-civil war the industry is poised to witness exponential growth subject to growing construction spending toward rebuilding of affected areas.

Growing demand for electricity on account of rising urban population coupled with expansion of T&D network will further augment the power cable market share. In 2017, Turkey Ministry of Energy and Natural Resources announced the development of Dardanelles (Çanakkale) Strait Submarine Cable Project with cumulative transmission capacity of 4 GW. The Government of Iraq has signed strategic agreement with ABB in 2017 towards implementation of new energy transmission systems with an estimated investment over USD 500 million.

Construction power cable market is set to expand over 8% owing to increasing infrastructure funding from public and private financial institutions toward development of infrastructural projects. In 2017, Government of Lebanon announced that it is seeking over USD 10 billion from international community to cope with the presence of huge presence of Syrian refugees over the next seven years.

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Government initiatives to reduce the dependency on the conventional energy generating sources will foster the Jordan power cable market. The country’s energy demand had grown significantly in the past five years due to substantial economic and population growth. Presently it is heavily dependent on fuel import to satisfy 96% of its energy needs which covers 17.6% of its GDP.

Key players across the Levant power cable market include Bahra, Riyadh Cables, MESC Jordan, Nexans, KEI Limited, Prysmian, The Okonite Company, Southwire Company, Belden, Oman Cables, Saudi Cables, Sumitomo Electric, DUCAB, Nuhas Oman, and El-Sewedy.

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Control Cable Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development, Competitive Landscape & Forecast, 2016 – 2023 https://www.gminsights.com/industry-analysis/control-cable-market

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U.S. Commercial Boiler Market is set to exceed 80,000 units by 2024

Positive outlook towards healthcare sector along with growing investment toward upgradation of educational institutions will propel the U.S. commercial boiler market size. Potential healthcare applications of these products include equipment sterilization, space and water heating in hospitals, rehabilitation and diagnostic centers. In 2015, hospital care expenditure exceeded USD 1 trillion and accounted for over 30% of annual healthcare expenditures.

Ohio commercial boiler market size is predicted to exceed USD 50 million in 2024. Growing focus towards education and healthcare sector along with rising investments towards energy efficient buildings will stimulate the product demand. In 2015, construction sector in Ohio was valued over USD 22 billion witnessing growth of over 6%.

Growing demand for efficient space heating systems from cold climatic zones will drive the commercial boiler market. Alaska, North Dakota, South Dakota and Minnesota are some of the coldest states in the region with an average winter temperature below 12°F. In Minnesota, lodgings, food service and healthcare are some of the prominent sectors where these systems are installed.

Advancement of technology coupled with growing demand for energy efficient heating systems will boost the commercial boiler market share. Building automation systems, remote diagnostics and boiler to boiler communication are some of the advanced technologies which may further complement the business landscape.

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Introduction of federal and state regulations & standards towards carbon emission reduction will stimulate commercial boiler market growth. Replacement and retrofitting of existing heating furnace may further boost the product demand. Government has introduced National Emission Standards for Hazardous Air Pollutants with the aim to restrict emissions of various pollutants including mercury, carbon mono oxide and particulate matter.

Natural gas commercial boiler market share is set to experience robust growth owing to its abundant availability and easy storage. Gas fired units also offer distinct advantages which include absence of soot, low noise and reduced operating costs. Texas, California, New York, Louisiana and Illinois are some of the highest gas consuming states.

Lodging in 2016 accounted for over 11% of the U.S. commercial boiler market share. These products are primarily used for steam and hot water generation in dormitories, hotels, guest cottages, retirement and nursing homes. Increasing investment toward hospitality and tourism sector will stimulate the product demand.

Rising demand for high efficiency heating systems with strict government regulations towards environmental pollution will propel condensing commercial boiler market. Low fuel consumption, high efficiency and low running costs are some of the key parameters which makes its adoption preferable over other alternatives. Positive outlook towards healthcare sector along with growing investment toward upgradation of warehouse facilities will boost the demand for >10MMBtu/hr capacity boilers.

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Delaware commercial boiler market is predicted to witness growth over 4% owing to rising investment towards healthcare and services sectors. In 2015, Medicare and Medicaid spending in Delaware exceeded USD 1.7 billion. Flourishing tourism sector will further fuel the business growth.

Notable industry participants include Superior Boiler Works, Weil-McLain, Columbia Boiler, Cleaver Brooks, Fulton, Bradford White Corporation, Burnham Commercial, Parker, A.O. Smith, Clayton, Babcock and Wilcox.

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GRP and GRE Pipe Market Size Share Worldwide Industry Growth, Size, Statistics, Opportunities & Forecasts up to 2022

Market Size Forecasters Add New Global GRP & GRE Pipe Market by Manufacturers, Countries, Type and Application, Forecast to 2022 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 115 pages with table and figures in it.

This Market Size Forecasters report examines the GRP & GRE Pipe Market for the period 2017- 2022. The primary objective of the report is to analyse the underlying factors that are driving growth of the futuristic outlook market: GRP & GRE Pipe Market, which is significantly transforming buying habits of consumers across various markets.

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Scope of the Report:

This report focuses on the GRP & GRE Pipe Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers:

  • National Oilwell Varco (Nov)
  • Saudi Arabian Amiantit
  • Zcl Composites
  • Future Pipe Industries
  • The Hobas Group
  • Graphite India Limited
  • Lianyungang Zhongfu
  • Abu Dhabi Pipe Factory
  • Hengrun Group
  • Enduro Composites

Market Segment by Regions, regional analysis covers:

North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

  • Polyester
  • Epoxy

Market Segment by Applications, can be divided into:

  • Oil and Gas
  • Sewage Pipe
  • Irrigation

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There are Table of Content and Various Chapters to deeply display the global GRP & GRE Pipe Market

Chapter 1, to describe GRP & GRE Pipe Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of GRP & GRE Pipe, with sales, revenue, and price of GRP & GRE Pipe, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of GRP & GRE Pipe, for each region, from 2012 to 2017;

Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2012 to 2017;

Chapter 12, GRP & GRE Pipe market forecast, by regions, type and application, with sales and revenue, from 2017 to 2022;

Chapter 13, 14 and 15, to describe GRP & GRE Pipe sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

Table National Oilwell Varco (Nov) Basic Information, Manufacturing Base and Competitors

Table National Oilwell Varco (Nov) GRP & GRE Pipe Type and Applications

Table National Oilwell Varco (Nov) GRP & GRE Pipe Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)

Table Saudi Arabian Amiantit Basic Information, Manufacturing Base and Competitors

Table Saudi Arabian Amiantit GRP & GRE Pipe Type and Applications

Table Saudi Arabian Amiantit GRP & GRE Pipe Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)

Table Zcl Composites Basic Information, Manufacturing Base and Competitors

Table Zcl Composites GRP & GRE Pipe Type and Applications

Table Zcl Composites GRP & GRE Pipe Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)

Table Future Pipe Industries Basic Information, Manufacturing Base and Competitors

Table Future Pipe Industries GRP & GRE Pipe Type and Applications

Table Future Pipe Industries GRP & GRE Pipe Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)

Table The Hobas Group Basic Information, Manufacturing Base and Competitors

Table The Hobas Group GRP & GRE Pipe Type and Applications

Table The Hobas Group GRP & GRE Pipe Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)

Table Graphite India Limited Basic Information, Manufacturing Base and Competitors

Table Graphite India Limited GRP & GRE Pipe Type and Applications

For More Detail of This Report: https://marketsizeforecasters.com/global-north-america-europe-and-asia-pacific-south-america-middle-east-and-africa-grp-gre-pipe-market/?utm_source=ABD-dc

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Lithium Ion Battery Market size was over USD 23 billion in 2015 and is set to grow at over 9% CAGR by 2024

High preference for portable electronic devices fueled by the rise in disposable incomes will push Lithium Ion Battery Market growth. Stringent government initiations leading to more adaption of electric vehicles, is expected to open new avenues for the industry to expand over the coming seven years. The industry is also propelled by the increasing demand for consumer electronics which include, smartphones, PDAs, and tablets.

Lithium ion battery finds extensive applications in automotive, consumer electronics, and energy sectors. Automotive lithium ion battery market exceeded a revenue share of USD 7 billion in 2015, and is expected to witness significant growth over the coming years. A major shift in consumer preference toward cleaner fuel is leading to more use of electric vehicles, which in a way is driving the automotive sector.

Lithium ion battery application in consumer electronics is projected to surpass USD 14 billion by 2024, owing to the surging demand for tablets, mobile phones, and laptops.

Renewable and grid storage application is also predicted to contribute significantly toward the global lithium ion battery industry share. It is foreseen to cross USD 12 billion with an annual growth rate of 9% over 2016-2024.

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On the basis of technology, lithium ion battery market is fragmented into anode, cathode, electrolytes, and separators. The industry from separators is estimated to witness heavy growth at a CAGR of 12% over 2016-2024.  The electrolytes lithium ion battery market worth over USD 1 billion in 2015, will also grow substantially.

Below the regional trends positively influencing the global lithium ion battery market over 2016-2024:

U.S. lithium ion battery industry share accounted for 70% of the total volume in 2015 and is expected to grow substantially in the years to come, owing to the rise in adaption of electric vehicles and demand for high quality consumer electronics.

Asia Pacific lithium ion battery industry size, led by Japan and China, is projected to witness robust growth over the coming time frame. Japan lithium ion battery market is estimated to surpass a revenue of USD 2 billion by 2024.

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According to the Department of Environment Protection, the government of China has approved a resolution named ‘Battery and Recycled Lead Enterprises’ ([2012]325) to encourage the use of lithium ions over lead acid batteries. Chinese government initiations in this regard are expected to positively influence the China lithium ion battery industry with a projected annual growth rate of 11% over 2016-2024.

Europe mainly dominated by Germany lithium ion battery market will also contribute significantly toward the overall market share. Germany industry is likely to register a CAGR of more than 10% over 2016-2024, driven by the growing consumer concern toward ecofriendly technologies in this region.

Key industry participants include Panasonic, Samsung, GS Yuasa International, Hitachi Chemical, GS Yuasa International, and Automotive Energy Supply Corporation.

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Power Transmission Components Market size was over USD 20 billion in 2015 and is predicted to grow at over 6% by 2024

The transition from traditional power grids to smart grids has fueled Global Power Transmission Components Market drastically in recent years. With the introduction of novel approaches in electric power transfer, the consumer demand for uninterrupted power supply is surging. Electric utility companies across the globe are also investing heavily to address the growing electricity demand.

Considering the feasibility, economic factors, and redundancy, market players are focusing on bulk power transmission, which in turn is stimulating the power transmission components industry dynamics. Transmitting bulk power at high voltage level increases the efficiency, as the transmission line resistive losses decreases at high voltages. This has led to an increase in demand for 220 kV and 440 kV power transmission grid components, which cumulatively accounted for 45% of the total volume in 2015.Ultra-high voltage transmission lines, which include voltage level above 660 kV, is also projected to cross over USD 9 billion by 2024.

Furthermore, major countries (China, UK, U.S, India) implementing microgrid infrastructure to ensure grid security will cater the overall power transmission components market growth.

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Three phase high voltage alternating current systems are preferred across numerous sectors due to the abundance of conventional grid infrastructure adoptability and cost effectivity. HVAC power transmission components industry is expected to record a revenue of USD 30 billion over the coming seven years.

HVDC network is adopted for power transmission over very long distances, owing to its high efficiency. In 2017, the U.S. government granted USD 100 million contracts for the renewal of an existing Pacific Intertie HVDC link, which is active since 1970. It is anticipated that HVDC power transmission components industry will grow significantly at an annual rate of 8% over 2016-2024.

Transformer, transmission lines, isolators, relays, circuit breakers, arresters, and transmission towers are the basic components used for power transmission.

The continuous effort by leading companies toward expansion of existing operational power lines is complementing the power transmission components industry growth. For instance, Powergrid Corp. aims to increase inter-regional power transmission capacity up to 72 GW by 2017.

Power transmission components market share from transmission lines is projected to grow substantially at a CAGR of more than 6% over 2016-2024.

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Europe power transmission components industry is driven by a strong urge for integrated grid network by utilizing renewable energy. With UK being a key revenue contributor, Europe power transmission components market is expected to grow lucratively with an annual growth rate of more than 5% over 2016-2024.

Asia Pacific, with China and India as chief contributors, is also expected to be one of the major revenue generating regions. This robust growth can be attributed to the growing government inclination toward enhancing the existing power lines to meet the surging electricity demand. For instance, the Indian government has recently launched a program named “One Nation-One Grid-One Price” to interweave all the state and central power grid to achieve single tariff system. China power transmission components network will also record a revenue of USD 9 billion by 2024.

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Circuit Breakers Market size was above USD 6 billion in 2015 and is forecast to grow at over 7.0% CAGR by 2024

Rising implementation of numerous medium and large capacity renewable energy projects will drive Circuit Breakers Market favorably over the period of 2016 to 2024.

The escalating replacement and development activities to enhance the electricity transmission capability across the globe will also generate eye-catching revenue over coming timeframe. Shifting trends toward smart transmissions and distribution network as well as high investment in the development of digital substation will boost circuit breakers industry share notably.

The prominent end users of circuit breakers market are power distribution and power transmission. The power transmission end-use segment will exhibit a CAGR of more than 5% over the period of 2016 to 2024. The growing concerns regarding power transmission safety will augment the industry growth considerably.

Based on the voltage level, circuit breakers market is mainly divided into HV, MV, and LV. The HV circuit breakers market will record a CAGR of more than 6% over the coming seven years. The growth can be attributed to the growing investments for the development and improvement of transmission grid infrastructures such as extra high voltage (EHV) and ultra-high voltage (UHV). MV circuit breakers industry is projected to generate a revenue of over USD 4 billion by 2024, owing to its surging demand across industrial and commercial sectors to install compact sized substation.

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Oil, air, SF6, and vacuum are few of the technologies based on which circuit breakers market is primarily segmented. SF6 circuit breaker technology market was worth USD 1 billion in 2015 and is anticipated to record an annual growth rate of more than 10% over the period of 2016 to 2024. The growth can be attributed to the rising product demand, owing to significant features such as high dielectric strength and sufficient arc quenching capability. Vacuum based technology will register a CAGR of more than 9% over the coming seven years, due to its surging requirement for the various high and medium voltage substation applications.

Considering the geographical landscape, China circuit breakers market will surpass a revenue of 2 billion by 2024, owing to the numerous on-going renovation and replacement activities of existing transmission and distribution activities. In addition, China Village Electrification Program and China Township Electrification Program will also contribute favorably toward the industry growth.

India circuit breakers industry size is predicted to record an annual growth rate of more than 8% over the coming years of 2016 to 2024. The futuristic electrification mission of the Government like One Nation, One Grid, and One Price will augment the regional share noticeably.

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Russian circuit breakers industry share will exhibit an annual growth rate of more than 7% over the period of 2016 to 2024. The growing adoption of smart grid technology will boost the market size considerably.

Industry giants are adopting the growth strategies like mergers & acquisition to strengthen the business space across the globe over the coming timeframe. Key players in circuit breakers market are Siemens, ABB, Mitsubishi Electric Corporation, Eaton Corporation, GE Power, Mersen, Powell Industries, TE Connectivity, Toshiba, and Schneider Electric.

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Gas Turbine Market size is estimated to surpass USD 23 billion by 2024

Global Gas Turbine Market is expected to chart a stable growth graph over the coming seven years, owing to rapid industrialization and rising demand for power generation. Replacements of old coal fired plants with the recent gas-fired technology will be another factor driving the market size. Strict regulatory targets toward limiting greenhouse gas emissions will favor the demand for gas-fired power generation stations, in turn propelling the industry outlook.

Global gas turbine market size is poised to exceed 120 GW by 2024, as reported by Global Market Insights, Inc. The renewable energy sector, which is a full-fledged market in itself relies on specialized turbines to generate power. The end users of these gas turbines are the oil & gas, aviation, marine, and power generation industries. Power generation is the leading application of gas turbine industry, which is set to exceed 57 GW by 2024, having had over 40% of the total share in 2015.

Rising demand for low-cost, clean, and reliable technologies will boost the industrial applications in this industry. O&G turbine market is also witnessing a significant boost with an y-o-y growth of over 6% between 2016-2024.

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Gas turbine industry based on product type is bifurcated into heavy duty and aeroderivative. The rising demand of aeroderivative gas turbines for medium range capacity (70-300 MW) will showcase a significant boost in the industry trends. Aeroderivative gas turbine market size is estimated to witness a cumulative annual growth rate of over 9% over the period of 2016-2024. In addition, open cycle gas turbine market is expected to witness moderate growth over 2016-2024, owing to its rising preference for high energy and low fuel consumption output.

Increase in onshore and offshore oil & gas drilling activities in UAE will stimulate the gas turbine industry outlook. Saudi Arabia market accounted for revenue over USD 1 billion in 2015, and is estimated to foresee significant growth rate over the coming seven years.

U.K. gas turbine market is estimated to generate demand of over 1 Gigawatt by 2024, owing to increasing replacement in existing coal fired stations.

Initiatives on several electrification programs such as China Township Electrification Program will stimulate the China gas turbine industry share in the coming years. China market is projected to grow at an annual rate of more than 10% over the period of 2016-2024.

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U.S. gas turbine market size was 8 GW in 2015 and is projected to register a CAGR above 8% over the period 2016-2024. The regional growth is influenced by the increasing exploration and petroleum extraction activities.

Rapid industrialization and urbanization in India have made it a land of immense potential and opportunities. India gas turbine market is anticipated to register an annual growth rate of 12% over 2016-2024, owing to the rise of numerous private sector investments to improve power generation competence.

Prominent leaders in this industry include Bharat Heavy Electricals, Mitsubishi Heavy Industries, Ltd., Solar Turbines, Harbin Electric, General Electric, Zorya-Mashproekt Corporation, Cryostar, Capstone Turbine Manufacturing company, MAN Diesel & Turbo, Kawasaki Heavy Industries, and Siemens.

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https://www.gminsights.com/industry-analysis/microgrid-market

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Aeroderivative Gas Turbine Market size was valued over USD 2 billion in 2015 and is predicted to exceed 21 GW by 2024

The growth trajectory of aeroderivative gas turbine market is being directly influenced by the growing consumer reliance on unconventional energy sources. A noticeable global trend of substituting coal-fired power plants with sustainable energy based gas turbine plants especially across developed countries including U.K, Germany, and U.S is expected to push the market outlook. Aeroderivative gas turbines are winning an edge over other alternatives owing to some of its tremendous attributing factors such as less carbon footprint, light weight, higher flexibility, as well as comparatively shorter maintenance time.

Market players’ significant investments to improve the durability and efficiency of existing gas turbines is also positively influencing the industry growth. For instance, renowned companies like Siemens and GE are heavily investing in technology integration of the existing plants.

Aeroderivative gas turbine market is gaining heavy momentum from its application in the power generation sector, which is expected to surpass 9 GW power by 2024. Apart from power generation, these turbines are widely used in industrial, marine, oil & gas, and aviation industries. Oil & gas application market is estimated to grow at a rate of 10% over the period of 2016-2024. GE, in 2017 introduced the LM9000 and NovaLT12 gas turbine series, which was specifically designed for the O&G industry.

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Russia aeroderivative gas turbine industry accounted for over 130 MW in 2015 and will record significant gains in the coming years, attributed to the heavy investments in replacing old coal fired stations with co-generation plants. The growing demand for sustainable technologies and reliable power sources will augment the industrial aeroderivative gas turbine market share.

Most of the gas turbines operate on open cycle technology (air is drawn from atmosphere) which is suitable for high energy output with minimal fuel consumption. Open cycle based aeroderivative gas turbine market is forecast to exceed a revenue of USD 1 billion by 2024. Along with the rising demand for open cycle technology, the combine cycle aeroderivative gas turbine industry is also gaining a substantial traction, owing to its high efficiency, effective design, and demand across defense sector. Combined cycle based aeroderivative gas turbine market generated over 5 GW capacity in 2015 and is projected to see lucrative growth prospects over the coming seven years.

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Stringent regulatory norms to control harmful emissions in Asia Pacific has stimulated the market growth in associated countries- China & India. Aeroderivative gas turbine market in India and China is set to witness a CAGR of 15% and 12% respectively over the period of 2016-2024. Besides, Brazil is also anticipated to attain an annual growth rate of 10%, owing to rapidly growing industrial base and rising investments for their developments.

U.S. aeroderivative gas turbine industry size worth USD 250 million in 2015, is anticipated to display a strong growth path over the coming years. Increasing shale gas exploration activities coupled with rising trend of cogeneration technology are the major driving factors fueling the regional demand.

Pricing and efficiency are the two key parameters for the aeroderivative gas turbine product differentiations. The industry players are investing heavily in R&D to develop sustainable and cost-effective products. Major aeroderivative gas turbine market participants include General Electric, Mitsubishi Hitachi Power Systems, Vericor Power Systems, NPO Saturn, Siemens AG, ABB, Opra turbines, Solar turbines and Kawasaki.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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Multi Pad Drilling Market to witness a double-digit (15%) CAGR over 2016-2024

Multi Pad Drilling Market has witnessed an impressive growth, owing to development of new techniques that have led to higher efficiencies in natural gas production.  Multi pad drilling is the method that involves drilling of multiple wellbores from only one drill site. These advancements in drilling techniques has resulted into reducing overall drilling time and enhancing shale wells economics. Global multi pad drilling industry is gaining traction as this technique can save operators time as well as a large capital.

Based on applications, onshore and offshore are the two types of drilling activities carried across the globe. The onshore multi pad drilling industry is anticipated to grow at an annual rate of 15% over 2016-2024. Obtainable conventional and unconventional resources are likely to offer huge untapped opportunities for projects development, which will favor the industrial expansion. Offshore multi pad drilling market will also observe high growth prospects, owing to intensive spending and resource abundance in these locations.

The global multi pad drilling industry comprises two pad sizes (<6 and ≥ 6 pad) based on lateral length and operability. The <6 pad size is foreseen to grow at a rate of 13% over the period of 2016-2024, while the ≥ 6 pad size is set to generate revenue over USD 90 billion by 2024. The easy operability and less supervision property will stimulate the <6 pad size market.

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Strict government regulations to reduce air toxin discharge from oil & gas production facility will augment the multi pad drilling market. The multi pad drilling technique will reduce the negative environmental impact and improve drilling efficiency. For example, 10 wells/pad walking rig is likely to save near 35.8% of the drilling cost per well, while a conventional 4 wells/pad walking rig can save about 26.4% drilling cost.

Geographically, Argentina multi pad drilling industry share is estimated to surpass USD 2 billion by 2024. The country is also emphasizing on providing subsidies to the production of natural gas at new wells by 2020.

China market is projected to record a significant growth subject to abundant access to shale gas resources. Rising shale gas E&P activities in U.S. and heavy spending in oil & gas projects will favor the regional growth of multi pad drilling industry.

High capital expenditure on oil infrastructure in the Middle East will stimulate the industry growth in the coming years. Middle East multi pad drilling industry is set to record a CAGR of over 7% over the period of 2016-2024.

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Russia multi pad drilling industry share is also witnessing a noticeable surge due to increasing offshore drilling actions. Growing undertaking of gas field development projects by Rosneft and DEA will complement the industry growth.

Companies accumulating significant share in the multi pad drilling industry include Earthstone Energy, Trinidad Drilling, Hess Corporation, ExxonMobil, Encana, Pioneer Natural Resources, Marathon Oil Corporation, Consol Energy, Cairn India, Nostra terra, ExxonMobil, Nabors, Chesapeake Energy, Devon Energy, Chevron, and Continental Resources.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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Hydraulic Fracturing Market size was over USD 24 billion in 2015 and is forecast to grow at over 12% CAGR

Hydraulic Fracturing Market has progressively evolved in the recent years as the production rate of conventional hydrocarbon is on a decline. Increasing reliance on crude oil, natural gas and other renewable energy sources, to meet up the growing energy demand is spurring the industry growth. A noticeable surge in world crude oil demand from 95.58 mb/d to 96.95 mb/d within a year span is expected to positively influence the overall market.

Favorable government initiatives taken by China and U.S., such as tax incentives, easy FDI provision in hydrocarbon sector as well as financial backing is catalyzing the market growth in these regions. However, hydraulic fracturing industry is not observing a global approval as environmental threat associated with it has made many countries ban this super fracking process. Governments worldwide are working together to asses and manage these environmental issues, which will prove to be beneficial for the overall market.

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Below is the in-depth analysis of the hydraulic fracturing market based on well design, technology, application, and region over the period 2016-2024:

Horizontal hydraulic fracturing process which is quite popular in extracting oil and gas from nonrenewable energy reserves is expected to show an upward curve owing to its better productivity than vertical drilled. Horizontal hydraulic fracturing market is projected to grow at a CAGR of 13% over the forecast time frame.

Technically, Plug and perforation based hydraulic fracturing industry dominated the global industry in 2015 with a volume coverage of 70% of the total market and will generate considerable revenue in times ahead. The lucrative growth prospect of this technology can be credited to its wide spread application in drilling horizontal wells. Sliding sleeves which is another promising technology affluent in the market, will also record moderate growth path. The cost effectivity and time efficiency are the two major factors driving the sliding sleeves based hydraulic fracturing market.

Hydraulic fracturing techniques are mainly associated with variety of applications related to oil extraction from non-renewable energy sources such as shale gas, tight oil, tight gas, and crude oil. Global hydraulic fracturing industry from shale gas application is expected to hit a revenue of more than USD 15 billion by 2024. U.S adequacy of unconventional resources especially shale basins is expected to spur the overall industry over the coming seven years. For instance, U.S. shale oil extraction in 2015, almost exceeded half of the total crude oil production of the region. Strict government regulation to curb carbon emission will fuel the U.S hydraulic fracturing industry from natural gas applications.

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Both North and South America hydraulic fracturing market is expected to witness a tremendous growth prospect in future based on these two countries past years’ revenue contribution. South America driven by Argentina industry held a record of USD 2 billion in 2015 and is anticipated to witness a profitable market in future. Canada will be the main revenue contributor for North America’s industry share. Another prominent region partaking actively in the global market is Asia Pacific. China hydraulic fracturing industry alone accounted for more than 45% of the regional revenue in 2015, and is projected to prominently drive the regional market in future even. The growth projection can be credited to China’s unconventional energy resource abundance. A recent estimation shows that China consumes almost 1,115 trillion cubic feet of natural gas, which is around twice of U.S. Indonesia and Iran hydraulic fracturing market will also grow substantially over the coming seven years. Indonesia industry will generate a revenue of more than USD 300 million by 2024.

Key players in the industry include FTS, Calfrac Well Services, Weatherford International, and Superior Energy Services. Rigorous research to exploit more of untapped potential especially tight gas and shale will push the overall hydraulic fracturing market.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Email: sales@gminsights.com
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