Artificial Lift Systems - Growing and Evolving Market across Oil Fields

The need and demand for artificial lift systems market will only continue to rise over the next five years, indicates a recent market study in the U.S. In terms of revenue, the global market for artificial lift systems stood at US$13,000.0 million in 2013. The phenomenal growth in this market can be attributed to several factors including emerging influences, maturing oil fields, and more complex environments of unconventional endeavors.

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Artificial systems and techniques are being incessantly applied in offshore, onshore, and ultra-deep oil fields where heavy oil development, production, and enhanced oil recovery are performed. The same market study predicts that the global artificial lift systems market is anticipated to reach US$19,806.8 million by the end of 2020, expanding at a 6.20% CAGR between 2014 and 2020.

Types of Products Boosting Demand for Artificial Lift Systems

Existing artificial lift methodologies and technologies are being used to maximize oil production and overcome the challenges faced during oil and gas productions on fields. Some of the existing product segments within this market are rod lift, hydraulic pump, gas lift, progressive cavity pump, electrical submersible pump, and plunger lift.

Electrical submersible pumps are one of the oldest types of artificial lift systems in the market and are used in onshore, offshore, deepwater, and subsea applications. Electrical submersible pumps are used for lifting large volumes of crude oil in various industry wells and oil fields. These pumps are widely popular due to high extraction rate and low operational costs. Electrical submersible pumps are available in different sizes to meet various oil field requirements. Due to their simpler design and greater potential, these pumps can work efficiently in wells and on fields even with deviated holes. This segment accounted for 42% of the shares in 2013 and is likely to continue its dominance in the global artificial lift systems market by 2020.

Rod lift pump is another illustration under the conventional types of products in the market. Rod lift pumps also have the potential to extract and lift heavy and viscous crude oil at high temperatures. The market for rod lift pumps is considerably in demand due to their low-operational expenditures. Rod lift pumps find applications in multiple industries and down-hole pressure wells. As the demand for offshore reserves rises especially in North America, the demand for rod lift pumps or sucker rod pumps is expected to increase at a significant rate in the next five years.

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The gas lift pumps market segment will expand due to longer life span, low operational costs, and high efficiency by the year 2020.

The global artificial lift systems market is now beginning to witness new offerings pertaining to beam and rod pumping. Improvement in materials that allow for safer and simpler functionalities is another reason why this market has been experiencing a positive growth in demand.

Remarkable Growth in Latin America, the Middle East, and Africa

With the advent of shale gas discoveries and increasing rise in on-shore applications, the global demand for artificial lift systems is set to rise at a substantial rate in North America in the coming years. However, when it comes to being the fastest growing regional segment, there is stiff competition among countries in Latin America, the Middle East, and Africa. Among these, the Middle East is identified to be the strongest contender owing to the fact that this region has the highest number of oil reservoirs. This is in turn accelerating the growth of the global artificial lift systems market.

Some of the most leading names in the artificial lift systems market are Superior Energy Services, Inc., Dover Artificial Lift, Baker Hughes, Inc., Weatherford International Ltd., Borets Company LLC, Schlumberger Limited, Flotek Industries, Inc., National Oilwell Varco, Inc., Halliburton Company, and Kudu Industries, Inc.

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Packer Market Revenue is Estimated to Reach USD 4,931.1 Million by 2020

Transparency Market Research has released a new market research report titled Packer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020. According to the report, the global packer market revenue stood at 2,717.5 Million in 2013 and is projected to reach 4,931.1 Million by 2020, expanding at a CAGR of 9.0% between 2014 and 2020.

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Rise in global demand for fossil fuel spurred by demographic and economic growth is expected to drive the global packer market. Global oil and gas exploration and production activities have increased over the years leading to a rise in demand for oil well equipment. Exploration & Production (E&P) companies constantly explores for new oil and gas reserves and focuses on less explored deep and ultra-deep offshore reserves. Besides conventional oil and gas reserves, the drilling activities pertaining to unconventional shale gas/oil have equally contributed to the increase in demand for well completion equipment including packers.

Permanent packers are expected to dominate the market in terms of revenue. Low cost and better operational capabilities are the major factors driving the demand for permanent packers. Permanent packers are available in different varieties with a wide range of pound per square inch (psi) ratings and can be used in high pressure/high temperature applications. Retrievable packers are best suited for applications requiring subsequent work over and re-completion. These packers can be retrieved and reused after servicing, which makes them ideal product for re-completion activities.

packer-market

North America is estimated to dominate the packer market during the forecast period. Increasing drilling activities in Canada and the U.S. pertaining to the exploration of shale gas/oil and tar sands are anticipated to drive the demand for packers in North America. In terms of revenue share, North America is followed by Rest of the World (RoW) that includes major oil and gas producing countries such as Saudi Arabia, Iran, Iraq, Angola, Libya, Nigeria, Brazil and Venezuela. Ongoing drilling activities along with new oil and gas discoveries in offshore areas of Brazil and Africa are the major factors driving the demand for packers.

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Europe is the third-largest market for packers in the world. Ongoing drilling activities in the North Sea and Western Siberia are fueling the demand for packers in the region. Asia Pacific represents the smallest market for packers in terms of revenue share. Demand for packers in Asia Pacific is primarily driven by the E&P activities in China, Australia and Indonesia.

Some of the key players in the packer market include Weatherford International Ltd., Halliburton Company, Baker Hughes Incorporated, Schlumberger Limited, Tryton Tool services, TIW Corporation, Map Oil Tools, Inc., Logan Completion Systems, Pinnacle Oil Tools Inc. and KazDuCo LLP.

The research study analyzes and estimates the market size in terms of market revenue (USD Million). The report covers product segments and provides region-wise data in terms of revenue. The report also provides historical data, detailed analysis, and statistically refined forecast (2014 – 2020) for the product and geographical segments. The research covers a comprehensive analysis of key players operating in the packer market.

The global packer market is segmented as follows:

Global Packer Market: Product Segment

Permanent

Retrievable

Global Packer Market: Regional Analysis

North America

Europe

Asia Pacific

Rest of the World (RoW)

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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Global Sand Control Systems Market - An Overview of Products, Market Trends, and Key Players:Transparency Market Research

Growing at a healthy CAGR of 8.18% between 2014 and 2020, the global sand control systems market is estimated to reach US$4873.4 million by 2020, from US$2600 million in the year 2012. Sand control systems basically aim at minimizing the inflow of sand into natural gas and crude oil wells. The drilling process often leads to small particulates of disintegrated rocks and sand particles getting mixed with the natural gas and crude oil that are produced in the wells. This as a result, hinders and slows down the production process of natural gas and crude oil due to blockage caused by the sand in pipelines, separators, casing, flowlines, and tubing.

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In certain extreme cases, the casing can even break because of unexpected changes in pressure and stress levels in the various rock formations. Furthermore, the sand can also damage the surface and downhole equipment. Apart from being tedious, the process of removing the coagulated sand from the wells during the process of drilling is also a very expensive proposition.

Global Sand Control Systems Market - Segmentation and Application

The global sand control systems market is segmented on the basis of techniques and geography. On the basis of techniques, the sand control systems market can be classified into stand-alone screens, frac packs, rate exclusion, gravel packing, plastic consolidation, and resin coated gravel. Stand alone screens are basically filters that are used extensively for controlling the production of sand. Cased-hole wells mostly make use of the frac pack process which entails gravel and frac packing. The frac pack method involves the run through of a screen in a well, followed by the pumping in of slurry at high pressure. Gravel packing is the last step in the frac pack method.

One of the oldest methods that is used in onshore as well as in offshore natural gas and crude oil wells is that of gravel packing. Factors like operational costs, grain size distribution, interval length, clay content, flow rate, and well deviation play a major role in determining the selection of sand control systems. This also depends on other miscellaneous factors like site-specific conditions, operating practices, and economic considerations.

The extensive application of gravel packing as a sand control system can be attributed to its low cost of implementation and its high success rate. The best part about gravel packing is that it can be applied in different types of well with varied deviations. The costs involved in gravel pack techniques are directly related to the rig costs.

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Global Sand Control Systems Market - Regional Analysis and Key Players

Geographically, the sand control systems market is segmented into North America, the Asia Pacific, Europe, and Rest of the World. As per industry forecasts, it is expected that the sand control systems market will be dominated by the Asia Pacific in the forthcoming years. The growth of the Asia Pacific sand control systems market can be attributed to greater demand for sand control systems due to increasing population in countries like China and India. As per industry estimates of 2013, South Korea, Japan, China, and India are the leading five importers of crude oil in the overall sand control systems market.

The sand control systems market in economies like Malaysia, Australia, Myanmar, and Indonesia will be fueled by higher incidence of drilling activities in these regions in the years to come. The sand control systems market in the rest of the world region is mainly driven by the discovery of offshore field in countries like Egypt, Mozambique, and Tanzania. The growth of this market in the areas of Latin America and West Africa can be attributed to greater drilling activities in these places especially in deep water and ultra-deep water reserves.

Companies these days are investing huge amount of funds for extracting enormous volumes of natural gas and crude oil from these regions. At present, several Middle Eastern countries are exporting huge quantities of crude oil to innumerable customers all over the world.

Some of the prominent players operating in the global sand control systems market are Welltec A/S, Weatherford International Ltd., Variperm (Canada) Limited, Superior Energy Services, Inc., Schlumberger Limited., Ceradyne, Inc., Halliburton Company, and Baker Hughes, Inc.

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Building Applied Photovoltaics Creating a Ripple in Electrical Power Generation:Transparency Market Research

Building applied photovoltaics refer to photovoltaic materials that are incorporated into the construction of buildings, providing a source of electrical power. Building applied photovoltaics can replace different parts of a building, be it facades, roof, or even skylights. The global building applied photovoltaics market has received a significant impetus in recent years as governments across the world have becoming increasingly aware about the need for renewable sources of energy.

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Factors governing the building applied photovoltaics market

With the expansion of the world’s population, there has been a surge in demand for electricity from around the globe. Owing to continuous efforts to reduce carbon footprint, commercial as well as residential sectors have undergone a paradigm shift in terms of electricity generation, from traditional to renewable sources of power. This has boosted the building applied photovoltaics market. Moreover, governments as well as electricity suppliers have been introducing incentive schemes, attractive Feed in Tariff, and reduced costs to encourage the use of building applied photovoltaics. The Net Zero Energy Building (ZEB) policy is expected to further aid the growth of the building applied photovoltaics market. However, structural compliances and high expense of building applied photovoltaics systems are anticipated to restrain the global market over the forecast period.

Segmentation and analysis

The building applied photovoltaics market can be categorized on the basis of geography, end user, technology, as well as product type. Regionally, the global building applied photovoltaics market is segmented into Europe, Asia-Pacific, North America, and Rest of the World. Product-wise, the building applied photovoltaics market is categorized into facades, rooftop, and others. The key end users of building applied photovoltaics include residential, commercial, and industrial. In terms of technology, the building applied photovoltaics market is divided into thin film, C-Si, and others such as organic photovoltaic (OPV) and dye sensitized cell (DSC).

In terms of end users, the commercial sector dominated the building applied photovoltaics market owing to solar energy subsidies and revised laws and regulations pertaining to the use of renewable energy sources. The Renewable Energy Law brought into effect in China in 2006 has specifically driven the Chinese building applied photovoltaics market. Among the key building applied photovoltaics products, the rooftop segment has been witnessing a remarkable rise in demand, enjoying 54% share of the global market in terms of volume in 2013. However, growing acceptance and surge in industrial as well as commercial applications is anticipated to fuel the facades segment in the coming years, making it the fastest-growing segment of the building applied photovoltaics market.

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Global overview

In terms of annual installations, the global building applied photovoltaics market stood at 313.4 MW in 2013 and is projected to reach an annual installation of 716.7 MW in 2020, registering a 12.6% CAGR from 2014-2020.

Geographically, North America emerged as the leader of the global building applied photovoltaics market in 2013, with a 31% share of the overall market. There has been an escalation in peak energy demands in this region, coupled with the surging popularity of peak shaving activity. In addition to this, the SunShot initiative by the Brazilian and the U.S. governments has stimulated the financial aspects of building applied photovoltaics, thereby spurting a growth in these regional markets.

Enjoying a 28% of the global building applied photovoltaics market share in 2013, Europe ranked second in terms of market size. Asia-Pacific, on the other hand, holds immense potential for growth owing to rapid commercial development and expansion of various businesses in the field of building applied photovoltaics.

Building applied photovoltaics market: Competitive landscape

The building applied photovoltaics market is highly competitive and there are numerous companies vying for the top spot in the global market. The key building applied photovoltaics market players include Pythagoras Solar, Power Film, Inc., Ertex solartechnik GmbH, Sapa Soar, First Solar Inc., Onyx Solar Group LLC, CENTROSOLAR Group AG, Ascent Solar Technologies Inc., Sharp Solar, Heliatek GmbH, and Ecotemis. Of these, Sapa Solar, Pythagoras Solar Ltd., Centrosolar AG, First Solar, Inc., and Ascent Solar Technologies, Inc. emerged as the leading companies, accounting for more than 40% of the overall building applied photovoltaics market share in 2012.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Animal Feed Antioxidants Market to Benefit from Mounting Demand of Feedstock Products across the Globe:Transparency Market Research

A new research report on the global market for animal feed antioxidants states that the market will grow moderately from US$162.4 million in 2011 to US$216.8 million by 2018, at a CAGR of 4.2% between 2012 and 2018. The report emphasizes upon the rising meat consumption and disease outbreaks in animals as the key factors driving the global animal feed antioxidants market.The report is titled “Natural and Synthetic Animal Feed Antioxidants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”. Antioxidants in animal feed, often termed as ‘shelf-life extenders’, help in protecting feed from deterioration in terms of feed nutrients such as vitamins, fats, flavoring agents, and pigments, thus providing nutrient security to animals. Oxidized feed does not only lack in essential nutrients, its consumption can also lead to reduced performance and health issues in animals.

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A globally mounting demand for livestock products such as milk, eggs, and meat is an important factor leading to increased demand for a variety of animal feed products and additives such as antioxidants. Globally, livestock farmers are focusing on higher usage of antioxidants in animal feed to improve production and reduce losses incurred due to feed deterioration, leading to positive growth prospects for the market. However, the market’s growth is objected by certain factors such as stringent government regulations regarding the nature of antioxidants and the difficulties observed while working with natural antioxidants.The report segments the global market for animal feed antioxidants according to three key criteria: product types, livestock type, and the key regional market.

The segment of product type includes the two key types of animal feed antioxidants: natural and synthetic. Natural animal feed antioxidants refer to the antioxidants formulated from a variety of raw materials such as rapeseed, corn, and numerous oilseeds. Synthetic animal feed antioxidants are manufactured as pure substances of constant composition, which are then mixed in properly defined mixtures with various pure substances.The market segment of livestock type is further segmented by the report into pork/swine, poultry, cattle, and aquaculture. Of these, the poultry feed market segment accounted for 33.95% of market share in 2011. In the same year, the market segment of pork/swine feed accounted for 27.6%.

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The Asia Pacific market, being home to the world’s largest producer of pork i.e. China, accounted for more than 50% share of the overall animal feed antioxidants market in 2011. Market shares of North America and Europe follow distant second and third leads. In the forecast period, the animal feed antioxidants market in Asia Pacific is not only projected to be the largest, but also to be the one growing at the fastest pace.

The report also presents detailed business profiles of the key vendors operating in the highly competitive global marketplace for natural and synthetic animal feed antioxidants. These include Danisco, ADM, DSM, BASF SE, ADISSEO, Alltech, Novozymes, BELDEM, Kemin Industries, Inc., AB Vista, Addcon Group Gmbh, CHR, Hansen, and Evonik Industries.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Biochar Market in U.S. Faces Massive Fund Shortage: Transparency Market Research

The biochar market has been growing at a steady pace in the U.S. as small-scale gardeners are finding it to be the perfect product for various purposes. Biochar is essentially a type of charcoal that is used to enhance the quality of soil. It is a product of a process called pyrolysis of biomass and is especially encouraged by environmentalists, as it mitigates the negative impact of climate change on fertile soil.

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Biochar helps in trapping atmospheric carbon dioxide in a process called carbon sequestration and thus helps generate negative carbon dioxide emissions. Due to these incredibly useful properties, biochar can help in improving the fertility of acidic soils, enhance agricultural output, and protect the crops from soil-borne diseases. Biochar is also known to improve the quality of water by helping in the absorption of agrochemicals and soil nutrients.

Some of the important factors driving the biochar market in U.S. are its capability of increasing soil fertility and in turn the increase in agricultural yield. Some of the other advantages of biochar are improvement in the water-holding capacity of roots, fertilizer capacity of roots, biological productivity of soil, and prevention of diseases due to pathogens present in the soil and bad soil quality.

Segmentation and Key Players in U.S. Biochar Market

The biochar market in the U.S. is segmented on the basis of applications such as gardening, agricultural activities in large farms, and household. Besides these, biochar can be applied to other areas such as waste water treatment and energy production. However, these remain unexplored domains for now, due to lack of funds to initiate biochar projects. The biochar market in the U.S. does face a huge restraint of poor financial backing for new projects.

The biochar market in the U.S. has a great opportunity to achieve unprecedented success if it invests wisely in research activities aiming to establish biochar as the number one product. The crucial dealmaker in this success story will be the location of pyrolysis facilities. Proximity to feedstock manufacturing areas would ensure less expenditure on production of biochar. The introduction of energy credits with regards to usage and manufacturing of biochar will further encourage the growth of the biochar market in the U.S. in the near future.

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The biochar market in the U.S. has manufacturers who provide biochar for both small- and large-scale users. The ones catering to small-scale users for the purpose of gardening engineer the product in an absolutely customized way.

Some of the leading companies in the U.S. biochar market are LLC, Agri-Tech Producers, Biochar Supreme, Full Circle Biochar, Cool Planet Energy Systems, Inc., The Biochar Company, BioChar Products, CharGrow, Three Dimensional Timberlands, New England Biochar, Genesis Industries, Hawaii Biochar Products, LLC, Phoenix Energy, Tolero Energy, Vega Biofuels, Inc., and Victory Gasworks.

Need for Biochar

The U.S. biochar market needs to make a more focused attempt at growing as the repercussions of carbon dioxide release in the atmosphere are leading to irreversible global warming. The excessive usage of fossil fuels is causing far more damage with emission of greenhouse gases. It is not only leading to decay of the air we breathe, but also decomposition of animals and plants. In order to fight global warming, it is now essential that we take a serious look at the use of biochar. According to analysts, using biochar will help in not just salvaging the biodiversity of the planet, but also enable agricultural activities in areas that have scarce organic resources by improving their fertility.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Global Nuclear Turbine Generator Market to be Propelled by Rising Environmental Concerns and Ever-increasing Global Demand for Energy: Transparency Market Research

Economic growth and demographic changes have a significant impact on the global nuclear turbine generator market. This market is primarily propelled by rising energy demand all across the globe owing to rising industrialization and urbanization in numerous regions. In 2013, the global nuclear turbine generator market reported a market value of US$7006.1 million, and as per latest trends this market is expected to reach a market value of US$15616.7 million by 2020. Between 2014 and 2020, the global nuclear turbine generator market will grow at a 12% CAGR.

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Nuclear energy is an important energy source, since it is clean, reliable, and safe. Power generation by nuclear energy does not lead to the emission of greenhouse gases. However, the indirect emission caused by this energy resource primarily pertains to fuel fabrication, construction, and mining in the case of nuclear power plants, and also waste disposal. Furthermore, nuclear power plants ensure that dependable power gets generated so that the consistent demands for energy are periodically met.

What Drives the Global Nuclear Turbine Generator Market?

As mentioned earlier, the global nuclear turbine generator market is mainly fueled by rising global energy demand from varied applications. However, there are several other factors as well which influence the trends affecting this market. The demand for nuclear turbine generators is influenced by the rising demand for fossil fuels owing to mounting ecological concerns about the usage of the latter. Furthermore, the surging prices of fossil fuels are causing a shift towards nuclear turbine generators in various industry segments all across the world.

The global nuclear turbine generator market is segmented on the basis of two main parameters, namely product type and geography. Within the product categorization, the global nuclear turbine generator market is categorized into nuclear generators and nuclear turbines. The global market for nuclear turbine generators is also expected to be driven by a surging demand for pressurized water reactors and increasing installations of new nuclear reactors worldwide. An accelerating effect on the demand from the global nuclear turbine generator market is mainly brought about by uncertainty in supply and demand of energy in addition to increasing demand for the same.

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Greater Installation of Nuclear Turbine Generators to Fuel Asia Pacific Market

Geographically speaking, the global nuclear turbine generator market is classified into Asia Pacific, Europe, North America, and Rest of the World. Rising industrialization in the BRICS nations (Brazil, Russia, India, China, and South Africa) is a major market driver for the overall market for nuclear turbine generators. In terms of market share, the global nuclear turbine generator market is led by Europe followed by North America and Asia Pacific. These regions will exhibit substantial growth and satisfactory performance over the forecast period. The Europe market for nuclear turbine generators is also anticipated to be fueled by new installations of nuclear turbine generators.

North America is a crucial market for nuclear turbine generators, since the highest demand for the same comes from the U.S. However, much of the demand from this region has been adversely affected by the 2009 economic slowdown, leading to falling gas prices. This is further expected to affect the performance of the nuclear turbine generator market in the years to come. The Asia Pacific nuclear turbine generator market will be propelled by increasing installations of nuclear turbine generators in countries such as South Korea, India, and China.

The prominent companies operating in the global nuclear turbine generator market are Mitsubishi Heavy Industries, Ltd. (MHI), Westinghouse Electric Company LLC, The Babcock & Wilcox Company, OJSC Power Machines, Hitachi, Ltd., General Electric, Bharat Heavy Electricals Limited (BHEL), Doosan Heavy Industries & Construction Co., Ltd., Toshiba Corporation, and Alstom Power.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.