Category Archives: Energy & Environment Press Release

Offshore ROV Market to exceed $943.1 Million by 2023

The offshore ROV market is estimated to be USD 802.9 million in 2018 and is projected to reach USD 943.1 million by 2023, at a CAGR of 3.27% from 2018 to 2023. The market is set to grow due to increasing offshore oil & gas discoveries in prominent countries and rise in demand for oil & gas.

 

The Observation class segment is expected to hold the largest share of the Offshore ROV market

Oilfield Services Market Size, Industry Trends and Forecast, 2019 – 2025

The ****** oilfield services market size is expected to be valued at USD 139.1 billion by 2025, according to a new report by Grand View Research, Inc. These services are being increasingly implemented owing to the rising demand for energy and the development of new oilfields.

The purpose of oilfield services is to help operators control the subsurface pressures, minimize formation damage, control borehole erosion, and optimize drilling parameters including the penetration rate and hole cleaning. The burgeoning offshore industry, particularly in the Persian Gulf, is anticipated to drive the oilfield services market over the forecast period. However, the adverse environmental effects of E&P activities coupled with strict government regulations are likely to hinder the market growth.

Self-Healing Grid Market Growth by Top Companies, Trends by Types and Application, Forecast to 2022

The report Self-Healing Grid Market by Component (Hardware and Software & Services), Application (Transmission and Distribution Lines), End-User (Public and Private Utility), and Region (NA, EU, APAC, Row) – ****** Forecast to 2022″, The self-healing grid market is expected to grow from an estimated value of USD 1.72 Billion in 2017 to USD 2.66 Billion by 2022, at a CAGR of 9.07% from 2017 to 2022. The ****** market is set to witness significant growth due to government policies and legislative mandates regarding T&D utilities, complexity in distributed energy generation, and the need for protection of electric utilities from cyber attack. Advancement in communication technologies presents a significant opportunity for the self-healing grid market.

Smoke Evacuation System Market | North America is Projected to be One of the High Potential Markets for Revenue Growth.

The smoke evacuation system market is estimated to grow at a CAGR of 6.6% to reach $223 million by 2024 from $162 million in 2019. Factors such increased product availability of smoke evacuation systems, rising patient preference for minimally invasive surgeries, expansion in the target patient population, and wider acceptance and availability of relevant operating room protocols and guidelines for smoke evacuation systems are the major factors driving the growth of the ****** smoke evacuation systems market.

North America accounted for the largest share of the smoke evacuation filter market in 2018

Air Insulated Switchgear Market to Surpass $8.41 Billion by 2022

The ****** air insulated switchgear market is projected to grow at a CAGR of 4.68% from 2017 to 2022. In 2016, Asia-Pacific is estimated to be the largest market for air insulated switchgear, followed by the Europe, and North America. This trend is expected to continue till 2022. The growth of the air insulated switchgear market is driven by increasing expenditure by the utilities in the transmission & distribution network and low capital investment of the air insulated switchgear.

 

North America Concrete Floor Coatings Market To Grow at a Lucrative Rate by 2020

North America concrete floor coatings market is expected to reach USD 1.01 billion by 2020, according to a new study by Grand View Research, Inc. Construction industry growth in the U.S. post the Great Recession in 2008 – 2009, along with expansion of the domestic aerospace and energy sectors are anticipated to fuel concrete floor coatings demand over the forecast period. Introduction of the “National Infrastructural Plan (NIP)” by the government of Mexico, which is aimed at promoting residential and commercial infrastructure, is likely to augment market growth. The government plans to invest USD 590 billion over a period of four years between 2014 and 2018.

MV Protection Relay Market Is Seeing Explosive Growth By Future Industry Winners: ****** Forecast

The report MV Protection Relay Market by Type (Electromechanical & Static Relay, Digital & Numerical Relay), Connected Load (Feeder Lines, Transformers, and Motors), End-User (Utilities, Industrial, and Commercial & Institutional) & Region – ****** Forecast to 2023″, The MV protection relay market is expected to grow from an estimated USD 860 million in 2018 to USD 1,115 Million by 2023, at a CAGR of 5.33%. Expansion of transmission & distribution (T&D) networks and growth of the renewable sector are likely to drive the MV protection relay market.
Browse 70 market data Tables and 42 Figures spread through 135 Pages and in-depth TOC on “MV Protection Relay Market – ****** Forecast to 2023”

The digital & numerical relay segment is expected to hold the largest share of the MV protection relay market, by type, during the forecast period.
The digital & numerical relay segment led the MV protection relay market in 2017 and is projected to have the largest market share during the forecast period. Digital & numerical relay provides various benefits over electromechanical and static relay such as functional flexibility, reliability, self-checking and self-adaptability, ability to communicate with other digital equipment (peer-to-peer), accuracy in providing fault data and disturbance record. Moreover, increasing modernization of substations in the developed nations to ensure uninterrupted power supply with minimum losses would drive the digital & numerical relay market during the forecast period.
The feeder line segment of the MV protection relay market, by connected load, is expected to grow at the highest CAGR during the forecast period
The feeder line segment led the MV protection relay market in 2017 and is one of the fastest growing market during the forecast period. Increasing distribution lines across the globe is expected to boost the feeder line market during the forecast period. This will create a demand for MV protection relays.  As per International Energy Agency (IEA), Asia Pacific is likely to add 2,911 GW of power capacity from 2014 to 2035 with 14,400 thousand km of new distribution line from 2014 to 2035. Thus, it would boost the growth of MV protection relay market during the forecast period.
Asia Pacific: The leading market for MV protection relays
In this report, the MV protection relay market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, South America, Europe, and the Middle East & Africa. Asia Pacific led the ****** MV protection relay market in 2017. China and India are the largest markets for MV protection relay in the region. Increasing T&D network expansion and industrialization projects are some of the key factors responsible for the growth of the medium voltage protection relay . According to the Asian Development Bank, an investment of USD 8.22 trillion is required for infrastructure development in the region during the 10-year period of 2010–2020. Thus, create a demand for MV protection relay market during the forecast period.
This research report categorizes the MV protection relay market based on type, connected load, end-user, and region
On the basis of type, the MV protection relay market has been segmented as follows:
·         Electromechanical & Static Relay
·         Digital & Numerical Relay
On the basis of connected load, the MV protection relay market has been segmented as follows:
·         Feeder Line
·         Transformer
·         Motor
·         Others
On the basis of by end-user, the MV protection relay market has been segmented as follows:
·         Utilities
·         Industrial
·         Commercial & Institutional
On the basis of by region, the MV protection relay market has been segmented as follows:
·         Asia Pacific
·         Europe
·         North America
·         Middle East & Africa
·         South America
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the MV protection relay market. The key players include ABB (Switzerland), GE (US), Schneider Electric (France), Siemens (Germany), and SEL (US). The leading players are adopting various strategies to increase their shares in the MV protection relay market.
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Excitation Systems Market Value to reach $3.12 Billion by 2023

The ****** excitation systems market is expected to grow from an estimated USD 2.64 Billion in 2018 to USD 3.12 Billion by 2023, at a CAGR of 3.38% from 2018 to 2023. Rising demand for synchronous machines in end-use applications such as hydro as well as thermal power plants is expected to drive the ****** excitation systems market during the forecast period. Furthermore, the ability of excitation systems to ensure reliable long-term operation for synchronous machines is likely to support the market growth.

 

Mobile Power Plant Market Value to reach $1.73 Billion by 2022

The ****** mobile power plant market is projected to grow at a CAGR of 4.56% from 2017 to 2022, to reach USD 1.73 Billion by 2022. This growth is primarily driven by the lack of power infrastructure, increasing demand for electricity in remote locations, frequent natural disasters, and increase in onshore oil rigs. The Middle East & Africa region is estimated to hold the largest share of the mobile power plant market. The Asia Pacific region held the second largest market share in 2016.