Vapour Recovery Units Market to Grow at a CAGR of 3.2% through 2026

Environment pollution legislation will continue to drive the adoption of vapour recovery units, especially in developing regions. Rising awareness on reducing the impact of pollutants, combined with regulatory pressures on providing workers with safer working environments will continue to influence installation decisions. Potential economic benefits of installing vapour recovery units are expected to drive adoption; however, high initial costs can impede growth. The prevailing oil crisis in the Middle East is expected to have a ripple effect on the global vapour recovery market, with global revenues declining to US$ 471 Mn in 2016, down from US$ 481 Mn in 2015. The long-term outlook on the market remains positive, with the global market expected to increase at a moderate CAGR of 3.2% during the forecast period 2016-2026.

North America, the largest market for vapour recovery units, will witness further proliferation of compressor-based VRU; however, the market will continue to have a low presence of players engaged in distribution of VRU at downstream process. John Zink, AEREON and ZEECO are key players in the production and distribution of VRU at downstream process.

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VRU installations will continue to increase at a steady rate in Europe. While the current oil crisis will negatively impact the market in Middle East, the market will grow moderately in the long run. Asia Pacific and Latin America will witness moderate growth, and like North America, compressor-based VRUs will witness steady demand.

VRU installations will continue to remain higher in upstream process vis-à-vis downstream process. Increasing preference for VRUs over flare gas recovery technologies will continue to impact VRU installations for upstream processes. The upstream process will continue to account for leading revenue share of the global vapour recovery unit market. By application, storage tank vents will continue to account for leading market share at upstream, whereas marine loading will remain a key application segment at downstream process. By end-use, oil & gas will remain the most attractive sector for VRU manufacturers and distributors, followed by brewery & food processing.

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Key market participants covered in the report include Hy Bon/EDI, PSG Dover, AEREON, Petrogas Systems, John Zink Company, LLC, Cimarron Energy Inc.,Wintek Corporation, Accel Compression Inc., Whirlwind Methane Recovery Systems, LLC.

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Emerging Opportunities in Solar Panels Market with Current Trends Analysis

FMI_FacebookSolar panel refers to a panel designed to absorb the sun’s rays as a source of energy to generating electricity and heating. It reduces the amount of electricity coming from fossil fuels by supplying your operations with clean, renewable energy from the sun. Solar panels are also called photovoltaic or PV modules as it directly converts sunlight into electricity. The sun produces enough energy daily to supply 10,000 times the world’s electrical needs. Solar Photovoltaic panels are packaged, connected assembly of typically 6×10 solar cells that generates and supplies solar electricity in commercial and residential applications. Solar panels are not only used for residential rooftop applications, but they are also widely used for applications such as powering electronic devices, individual gadgets, and vehicle batteries. Installing solar panels on a house roof can decrease the household’s carbon footprint by an average of 35,180 pounds of carbon dioxide per year.

In 1960s, the first commercial use of solar cells was for powering satellites. There are various quality levels of solar panels with different efficiency and cost factors namely Mono crystalline solar panels, polycrystalline solar panels, and thin-film panels (amorphous panels). Solar Panels are tested under “Standard Test Conditions (STC)”. Solar panels can be accurately compared with each other and rated by using fixed set of conditions considered under this method. There are three standard test conditions for testing solar panels including temperature of the cell, solar irradiance, and mass of the air.

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Global Solar Panels Market: Drivers and Restraints

There is increasing demand for solar panels in the residential rooftop applications. There is significant fall in the prices for key components such as silver and poly silicone that are used to make solar cells. Solar Panels don’t create noise and don’t make any emissions. Price drops for industrial commodities that are used to make solar panels, and higher price expectations for electricity and natural gas are the factors that are expected to drive growth of the solar panels market for the forecast period (2015-2025). Increase in electricity price combined with cheaper solar panels will drive the solar panels market.

Solar energy doesn’t work at night without a storage device such as a battery. Climatic changes and cloudy weather can disturb the working of solar panels during daytime. Also, solar technologies are expensive. These are some of the factors that are limiting the growth of solar panels market to some extent.

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Global Solar Panels Market: Segmentation

Global Solar Panels market is segmented by: type, application, and by region.

Solar Panels By Type:

  • Mono crystalline Solar Panels
  • Polycrystalline Solar Panels
  • Thin-film (Amorphous) Panels

Solar Panels By Application:

  • Residential
  • Commercial
  • Power Plants
  • Off Grid

Global Solar Panels Market: Region-wise Outlook

The global Solar Panels market is estimated to witness high growth for the forecast period (2015 to 2025). North America market for solar panels has been growing rapidly especially due to the growth of residential solar applications in the U.S. In 2012, solar produced energy accounted for 0.11% of the total electricity generated in the U.S., according to U.S. Energy Information Administration. FMI’s forecasts the Solar Panels market in Asia-Pacific is expected to show the fastest CAGR over the forecasted period. There is a shift in production of solar panels from U.S. to China and India due to low manufacturing cost.

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Global Solar Panels Market: Key Players

Some of the major players of the global Solar Panels market are: Yingli Solar, Photonix Solar Pvt. Ltd, Goal Zero, AGL Solar Energy, and others.

Global Artificial Lift Systems Market Trends, Regulations And Competitive Landscape Outlook to 2026

FMI_FacebookThe recovery of hydrocarbon resources from the reservoir occurs either through natural bottomhole pressure or by creating artificial pressure using artificial lift systems. The Artificial Lift Systems Market is expected to witness a moderate annual growth in coming years owing to strengthening of crude oil prices. According to Energy International Agency (EIA), Brent crude is anticipated to be traded at around $90 per Bbl. by the end of 2025. Further, the mature fields account for over 70% of the global oil & gas production. With recovery in prices of the global crude oil benchmarks, coupled with attempts to increase production from mature fields, the global artificial lift systems market is expected to witness increased revenues in coming years.

Although, a number of Enhanced Oil Recovery (EOR) techniques are available for increasing the amount of hydrocarbon recovery, but they are considered as tertiary recovery system. The artificial lift system on the other hand is a primary recovery technique, which provides low cost and effective means of maintaining the desired production rate in a well.  An artificial lift system is utilized to overcome bottom-hole pressure during the phase when natural bottomhole pressure is not enough to support the flow of hydrocarbons from reservoir to the well bore. The artificial lift system enables to overcome downhole pressure in order to maintain the desired production rate from a producing well.

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Artificial Lift Systems Market: Segmentation

The global artificial lift systems market has been segment on the basis of geography as well as on the basis of actuation mode used for artificial lift system. On the basis of actuation mode, the global artificial lift systems market has been segmented into pump assisted artificial lift system and gas assisted artificial lift system. The pump assisted artificial lift systems market has been further divided into four different systems, which include Rod Pump, Hydraulic Piston System, Electrical Submersible Pump (ESP), and Progressive Cavity Pump.  Further the gas assisted artificial lift system has been further segmented into two different types of systems – Gas Lift and Plunger Lift. Within the artificial lift systems market, rod pump has been the oldest types of methods that has been used across the industry. However, other artificial lift systems are expected to gain traction in the global artificial lift systems market in coming years.

In terms of geography, the global artificial lift system has been segmented into seven key geographical regions, which include, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Middle East & Africa, Japan. The artificial lift system has witnessed a larger market share, in terms of revenue, as compared to other regions across the globe. Increasing mature fields in regions such as Middle East, is expected to drive the market for artificial lift systems through the forecast period.

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Artificial Lift Systems Market: Market Drivers

The industry’s inclination and attempts to optimize upstream assets is one of the key drivers for the global artificial lift systems market. Additionally, the recovery in crude oil price after recent plummeting is also likely to drive investments in global artificial lift systems market. The desire to maintain the production rate in a well in addition to the cost effectiveness an artificial lift system provides as compared to tertiary recovery techniques, the artificial lift systems market is expected to witness increased revenue generation in years to come.

Artificial Lift Systems Market: Key Players

The global Artificial Lift Systems market witnessed key players such as Baker Hughes, Dover Artificial Lift, Flotek Industries, Inc., Halliburton Company, Kudu Industries, Schlumberger Ltd, Weatherford International, among others.

Proppant Market 2015-2025 Shares, Trend and Growth Report

Hydraulic fracturing, also known as fracking, is a process that has been used by gas companies since the 1940s. The process involves injecting sand, chemicals, and water into a well under carefully controlled conditions to crack or fracture solid rocks and release trapped gas deposits. The development of hydraulic fracturing technology has led to the usage of proppants. Proppants are used during hydraulic fracturing in order to keep the fissures open for the oil and gas to flow towards the well head. These are primarily of three types such as sand, resin-coated and ceramic.

Although the recent plummeting of international crude oil prices has negatively impacted the hydraulic fracturing industry, the overall outlook on the future prospects of the industry is positive. The proppant market is expected to register significant growth in the near future due to anticipated increase in global crude oil prices, which is likely to revamp the global shale industry.

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Proppant Market: Drivers

Although the crude oil market is going through a slump, increasing energy demands all over the world are projected to provide an impetus to the market. This, in turn, is anticipated to augur well for the hydraulic fracturing- and proppant- market. After witnessing the shale boom in North America, many countries across the globe are exploring shale prospects in respective shale plays. The proppant market is expected to register increased revenues and volumes with shale exploration picking pace in such countries.

Proppant Market: Restraints

One of the key restraints in the proppant market can be attributed to the prevailing low international crude oil prices. The plummeting of crude oil prices makes shale extraction uneconomical and as a result, the proppant market revenues decline due to decreased hydraulic fracturing activity.

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Proppant Market: Segmentation

The proppant market has been segmented into the types of proppants used for hydraulic fracturing. Sand, resin coated and ceramic are the three types of proppants used for hydraulic fracturing. Within the proppant market, sand proppant is most widely used for hydraulic fracturing. However, the type of proppant to be used in coming years most likely depends on the price of crude oil in the international market.

In terms of geography, the proppant market has been segmented into North and Central American region wherein the U.S. & Canada and Mexico is considered respectively. Amongst these regions, the North American region accounts for a leading share in the proppant market, both in terms of value as well as volume.

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Proppant Market: Key Players

The key players in the proppant market include U.S. Silica, Carbo Ceramics, and Hi Crush LP Partners.

Research report covers the Waste Heat Recovery Systems Market share and Growth, 2014-2020

Waste heat recovery is the process of capturing and reusing heat from streams of high energy content generated during various refining processes in industrial sectors. These include sectors such as chemicals, petroleum, automotive etc. Industrialization continues to grow rapidly, and as large amounts of heat is being generated, its preservation and reuse has become a matter of great concern for various industries. Various methods are being employed on a large scale in the industrial sector to reduce energy consumption, operational costs, green-house gas and carbon emissions. Use of waste heat recovery systems could be an ideal move for various industrial processes to enhance their economic feasibility. As the industrial sector continues efforts to improve energy efficiency, waste heat recovery systems offer an attractive opportunity to ensure a low emission environment.

On the basis of product type, the waste heat recovery system market is segmented as generators, boilers, exhaust stacks, ovens, compressors, heat pumps, regenerators, recuperators and others. On the basis of application the global market can be segmented as pre-heating, steam generation, electricity generation and others. Globally, steam generation accounts for almost half of the market share compared to other sources. According to the United States Department Of Energy (US DOE) and the International Energy Agency (IEA), over three-fifths of the energy used by power plants gets wasted in the form of heat and around 20% to 50% of industrial energy input is lost as waste heat. Waste heat recovery equipment find usage in a number of industrial applications such as heavy metal production, cement production, petroleum refining, chemical refining and natural gas compression.

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The waste heat recovery system market is expected to grow two-fold between2014 and2020. Currently, Europe is the largest market in the global waste heat recovery systems, accounting for around 35-40% share of the global market. North America is the second-largest segment, followed by APAC region. The APAC region is expected to register a significant growth from 2014 to 2020, majorly due to government regulations and foreign direct investment in the region. The waste heat recovery systems market is expected to grow at a higher rate for emerging economies such as India and China as compared to developed economical regions, such as North America and Europe.

Large-scale economic development, growing population, presence of strict emission regulations and rapid industrialization are the major growth drivers for the APAC waste heat recovery systems market. Apart from these, requirement for fuel efficient systems and growing environment safety awareness are other long term growth drivers, which are contributing towards growth of waste heat recovery market in the APAC region. China and India are playing important roles in the installations of waste heat recovery systems. The use of waste heat recovery systems in the cement industry is estimated to grow significantly, due to a high demand of cement from the APAC region.

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Major players in the waste heat recovery system market include General Electric, Siemens AG, Mitsubishi Heavy Industries Ltd. and Alstom. These companies adopt strategies such as entering into joint ventures, alliances and partnerships in order to expand their business and product lines. Apart from these key players, several other small and local companies are present in the APAC region, and they account for a comparatively low market share.

The potential for growth of the waste heat recovery systems market is very high in emerging economies in the APAC region. The markets in India and China are expected to register significant growth due to increasing industrial and infrastructural development initiatives in these countries. Overall, the potential for growth of waste heat recovery systems market in the emerging and developing economies is quite promising in the near future.

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Traction Batteries Market, 2015-2025 by Segmentation: Based on Product, Application and Region

The market for traction batteries is rapidly growing. A traction battery or electric vehicle battery is a battery that is used to power the battery electric vehicle. Vehicle batteries are rechargeable in nature. Traction battery relates to all the batteries used to power electric vehicles. The rising application of these batteries in different form of vehicles including mobility scooter, a fork-lift truck and many more are driving the global traction batteries market.

The growing market for automotive has largely emphasised on the development of the vehicles that are fast, efficient and safe. Traction batteries have become an important and crucial part of any electric vehicle or hybrid electric vehicles now a days.  Traction batteries are used in electric Golf carts, forklifts, and electric motorcycles, riding floor scrubbers, trucks, and vans, full-size electric cars and other electric vehicles.

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Traction Batteries: Drivers & Restraints

The increasing demand and succeeding hybrid and electric vehicle production is considered as one of the biggest driver for the increasing demand of the traction batteries and global traction batteries market penetration. The major restraint in the global traction batteries market implies to be the limitation with the lead-acid batteries and high cost of the other traction batteries.

Traction Batteries: Segmentation

On the basis of application type, the global traction batteries market is segmented as Heavy Industrial, Light Industrial and Commercial, Two Wheeler, Hybrid Car, Pure Electric Car, Mobility for the disabled, Golf Car, Military, Marine and others

On the basis of product type the global traction batteries market is segmented as Lead-Acid, Nickel Metal Hybrid, NiCad, Nickel Metal Hydride, Zebra, Lithium ion and others.

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Traction Batteries: Region-wise Outlook

The global traction batteries market is expected to register a favourable growth for the forecast period, 2015 To 2025. North America is projected to endure its control on the global traction batteries market. The key country in the mentioned region is projected to be United States as an outcome of the increasing demand for electric vehicles. Europe is considered the second largest market for traction batteries behind U.S. and ahead of Japan which also contributes to the global traction batteries market remarkably.

Traction Batteries: Key Players

Some of the key market participants in global traction batteries market are Panasonic, AESC, GE USA, BYD, Mitsubishi/GS Yuasa, Samsung, ACCUmotive GmbH und Co. KG, Bater, Fisker, B.B.Battery, LG Chem, and others.

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Carbon Capture and Storage (CCS) Market Size, Analysis, and Forecast Report: 2015-2025

Globally, large quantities of fossil fuels are consumed for a variety of industrial processes such as those in steel industries, cement industries and in power generation. Combustion of fossil fuels at such a large scale results in emission of carbon dioxide and other greenhouse gases in to the atmosphere. Ever increasing amount of these gases in the atmosphere have resulted in irreversible phenomena such as climate change, depletion of ozone among the others. Sighting these and several other imminent threats, an ingenious technology namely Carbon Capture and Storage (CCS) has been increasingly adopted across the globe in recent years. Carbon Capture and Storage (CCS) is a process wherein up to 90% of carbon dioxide emissions produced as a result of combustion of fossil fuels, are captured. Thus, preventing them from entering the atmosphere. The process comprises three steps, first step involves capturing the carbon dioxide which is emitted, second step involves transportation of the captured carbon dioxide and the third step involves its secure storage.

Carbon Capture and Storage Market: Drivers & Restraints

The growing concerns as regards the environmental hazards and irreversible changes resulting from the emissions in to the atmosphere have resulted in implementation of stringent regulations pertaining to emissions into the atmosphere. These in turn have prompted companies across the globe to develop processes that are efficient at the same time are environmentally friendly.

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The ever growing use of fossil fuels and industrial growth both in developed and developing parts of the world is expected to drive the demand, proliferation of Carbon Capture and Storage technology, in turn resulting in growth of global carbon capture and storage market. Moreover, the fact that, implementation of Carbon Capture and Storage technology provides a relatively more viable option than that of switching over to use of alternative energy resource, is expected to drive the growth of global Carbon Capture and Storage market across the globe.

Carbon Capture and Storage Market: Segmentation

Depending on the technique used for carbon capture, global Carbon Capture and Storage market can be segmented in to the following key segments:

  • Pre-combustion
  • Post-combustion
  • Oxy-fuel combustion

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Carbon Capture and Storage Market: Region-wise Outlook

On the basis of geographic regions of the globe, global Carbon Capture and Storage market is segmented into seven major segments. These key regional market segments are North America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa, Latin America Carbon Capture and Storage markets. North America carbon capture and storage market is among the leaders as far as adoption of Carbon Capture and Storage technology is concerned. It is expected to register steady growth during the forecast period.

Carbon Capture and Storage Market: Key Players

Some of the identified major participants of the global Carbon Capture and Storage market are as follows:

  • Linde AG
  • Shell Cansolv
  • Alstom
  • Schlumberger Limited
  • Mitsubishi Heavy Industries, Ltd

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