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The rising demand for alternate energy sources has increased the demand for solar energy.
11 June 2019, The global wireline services market is estimated to develop at a substantial CAGR of 5.92% for the duration of the prediction. The market is expected to observe development, owing to the aged reservoirs, growing manufacture of oil. The wireline services, are, moreover recognized as the tools of electrical cabling, utilized in the oil and gas manufacturing for the actions of pipe retrieval, assessment of the reservoir, in addition procedures of interference. These services comprise the practice of multi-strand cables to transfer apparatus into wells for the drives for example acquirement of the information and augmenting performance of wells by means of providing actual, measured, and precise information.
Growing ongoing boring and the activities of conclusion is one of the most important motivators for the progress of the market of the wireline services. The Wireline Services market on the source of Type of Hole could span Open Hole, Cased Hole. The subdivision of Cased Hole is expected to be the biggest sector in the market of wireline services.
The subdivision of cased hole held the largest share during the past year. Once a sector of a well, positioned with a metallic casing and concreted it to shield from liquids and stresses, it is termed such as cased hole. These cased hole services upsurges the steadiness of the wellbore. The use of cased-hole additionally comprises silk line and electric line. The market on the source of Type of Services could span Intervention & Logging, Completion. The market on the source of Type of Application could span Offshore, Onshore. The subdivision of onshore is estimated to grip the biggest stake of the market of wireline service by type of application, for the duration of the prediction period.
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The subdivision of onshore headed the wireline services market during the past year, due to the growing demand for wireline services throughout the world. This subdivision is mainly motivated by the greater sum of ripening arenas in onshore sections. Furthermore, the easiness of movement is great in onshore areas that permits for numerous practices of wireline services, and estimated to generate new-fangled compartments of income for the market of wireline services, for the duration of the prediction. The market on the source of Type could span Silk Line, Electric Line. The Electric Line is expected to be the biggest sub-division in the services of the cased-hole wireline owing to the benefits for example precision, flexibility, and gathering of the actual time information.
The market on the source of Area with respect to Trades in terms of intake, Profits, Market stake, and Development percentage in these areas, for the duration of the prediction could span North America, Europe, Asia Pacific, South America and Middle East & Africa. By the source of geography, North America is likely to lead the wireline services market due to the growing manufacture of the shale gas in U.S.A and the offshore manufacture in the Gulf of Mexico. The U.S.A and Canada are the most important nations encouraging the development of the North American market for wireline services, due to the growing number of completions of the well in that area. The region has huge figure of progressive oilrigs by means of a number of machineries combined for operational checking and repairs. This is boosting demand for wireline services. Additionally, existence of foremost companies in North America is additional feature powering the progress of the market of wireline services.
The statement revises Trades in terms of intake of wireline services in the market; particularly in North America, Europe, Asia Pacific, South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Superior Energy Services, Baker Hughes Incorporated, Schlumberger Limited, Weatherford International PLC, and Halliburton Company. Additional notable companies operating in the field are- Allied-Horizontal Wireline Services LLC, Pioneer Energy Services Corporation, Superior Energy Services Inc., C&J Energy Services Inc., FMC Technologies Inc., and GE Oil & Gas Corporation.
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03 June 2019, Global small wind turbines market is anticipated to witness an exponential growth in the forecast period. Small wind turbines are connected to the grid through the power suppliers or they can stand alone (off-grid). The factors that propel the growth of the market include growing investments in renewable energy, cost efficiency of the wind energy, and the technical innovations and presence of key end users.
On the other hand, there is a factor that may hamper the growth of the market including the decreasing cost of solar PV modules. Market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Market could be explored by product type, power rating, application, end user and geography. Market by product type could span Vertical-Axis Wind Turbine and Horizontal-Axis Wind Turbine. The “Horizontal-Axis Wind Turbine” sector led the small wind turbines market in 2016 and will continue to lead in the forecast period. The key factors that could be attributed to the growth include the benefits offers such as variable pitch blade capacity, high producing capacity, improved effectiveness, and tall towers that capture a huge amount of wind energy.
Based on power rating, the market could be categorized into up to 50 kW and 51-100 kW capacity range. The “51-100 kW” segment led the market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing demand for affordable and clean energy across the globe.
Small wind turbines market could be explored by application as On-Grid and Off-Grid. The “Off-Grid” segment led the market in 2017 and will continue to lead in the forecast period. An off-grid solution is a system that works individually and is not connected to the electricity distribution system. It also termed as “Stand-alone Systems”. Off-Grid segment is followed by On-Grid and is anticipated to grow high in the years to come. Market could be explored based on the end user as Hospital, Municipal and Government and Airport.
APAC accounted for the major share of the small wind turbines market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing preference towards the acceptance of small wind turbines for generation of electricity and occurrence of offshore and onshore counties with good wind speeds for installations of small wind turbines in this region.
Some of the key players that fuel the growth of the small wind turbines market comprise Kingspan Group Plc, Bergey Wind Power Co, Northern Power Systems Inc, Shanghai Ghrepower Green Energy Co., Ltd., Xzeres Wind Corp, City Windmills Holdings PLC, Endurance Wind Power Inc, Fortis Wind, Kliux Energies, Aeolos Wind Energy Ltd, and among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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24 April 2019, The global pad mounted switchgear market is expected to be valued at USD 6.5 billion over the forecast period and it is anticipated to grow at an approximate CAGR of over 9% over the forecast period of 2016 to 2024.
The market is expected to be driven by factors such as increasing transmission and distribution investment and high efficient underground distribution systems. The underground distribution system is growing rapidly owing to shift change in trend.
Uninterrupted and continuous power for optimum operation is also expected to spur the market growth over the next eight years.
Restraint in the market is the higher cost associated with the pad mounted switchgear. Growing trend towards the underground transmission in developing is expected to offer lucrative growth opportunities to the pad mounted switchgear market.
Interchangeability with the existing transmission systems and aging infrastructure is one of the major challenges in the pad mounted switchgear market. Raw materials used for power generation plays a major role in switchgear durability and efficiency.
The market is segmented on the basis of product types such as air insulated, gas insulated, oil insulated, hybrid insulated and vacuum interrupters.
Air-insulated switchgear uses compressed air to insulate conductors and gas insulated switchgear use pressurized SF6 gas to insulate conductors. Air insulated switch gears are economically viable owing to its low cost. Gas insulated switchgear is cost effective and improves the quality of voltage.
Hybrid switchgear is the combination of both air insulated and gas insulated technologies. Hybrid switchgear is designed based on the facts such as maintenance facility and space requirement. Vacuum interrupter is expected to drive the market over the next eight year owing to low maintenance and high switching ratings
This market can address end users, pad mounted switchgear manufacturers, EPC contractors, utility companies and suppliers
Components used in the substation are the current transformer, voltage transformer, circuit breaker, electrical bus bars, electrical isolators, earth switches and lightning or surge arrestor. Pad mounted switch gear can be operated manually or through automation techniques such as SCADA and PLC.
The pad mounted switchgear has been segmented on the basis of voltage such as low, medium and high voltage switch gears.
0-15kV switch gears are low voltage switchgear, air insulated switch gears are used as low voltage switch gears. Low voltage switch gears are used to serve the wide range of application in industries such as in residential and commercial buildings, rail equipment manufacturers, utilities and renewable energy suppliers.
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16-40kV switch gears are medium voltage switch gears they are having a wide scope of application for power distribution in commercial buildings and industrial plants.
Above 40 kV are high voltage switch gears and they are having a wide scope of application in power plants and renewable energy power plants. High voltage switch gears are expected to have significant growth owing to long range power transmission.
Commercial switch gears are expected to have significant growth owing to end-use industries. The industrial application needs reliable, stable, non-fluctuating and efficient power supply. Residential applications include construction and civil industry such as residential complexes, offices, hotels and shopping malls.
Europe is expected to have the largest market share for pad mounted switchgear. The market is driven by replacement of existing transmission system, improving the reliability of the grid and switching from overhead line to underground transmission systems.
U.K and France are also expected to have steady market growth and it is expected to grow at approximate CAGR of over 8.5 % over the forecast period. North America is also expected to have significant growth over the forecast period owing to increasing demand for grid stability and reliability.
Asia pacific is expected to have moderate growth in this pad mounted switchgear market owing to high initial cost for the replacement of existing transmission system. Huge transmission and distribution network expansion and industrialization projects are expected to spur the market growth over the next eight years.
Some of the leading players in the market include G&W Electric, Eaton Corporation PLC, Hubbel Incorporated, S&C Electric Company and Federal Pacific.
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6 November 2018, The U.S. Hydraulic Fracturing Market to reach USD 13.91 billion by 2025, owing to the rise in the oil and gas exploration and extraction activities in the country over the forecast period. There is a rise in the demand for primary energy resources owing to the rise in population and industrialization. To meet these demands and ensure the continuous supply of natural resources in the country, the market for unconventional techniques such as hydraulic fracturing is expect to grow over the forecast period. This technology was first employed in in the U.S.in 1947 and has been constantly upgraded since then. In 2015, around 67% of natural gas was produced from hydraulically fractured wells in the country.
The U.S. hydraulic fracturing market is expected to grow significantly owing to the rise in the recent developments and innovations such as using hydraulic fracturing in combination with horizontal drilling during shale formations. This has revealed new sources for huge amount of natural gas supplies, which is fulfilling the energy needs of the nation and is expected to transform the energy future. The use of this technology was first employed around the year 2000 after which it was continuously being used in the oil and gas production and extraction processes.
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There is a significant rise in the domestic oil and gas production from hydraulically fractured oil and gas production wells. In 2015, the production of oil from hydraulically fractured reservoirs accounted for more than 50% of the total oil production and the gas production accounted for around 70% of the total gas production in the country. This combination technology of directional drilling and hydraulic fracturing allows the oil and gas reservoirs to be punctured directionally or horizontally alongside the foundation of targeted rocks, giving exposure to the rock formation bearing oil and gas in the production well, which is expected to drive the growth for this market over the forecast period.
The hydraulic fracturing segment dominated the market in 2017 and is expected to maintain its dominant position over the forecast period owing to the use of hydraulic fracturing and horizontal drilling activities in conventional and unconventional reservoirs. Oil & gas industry recently has been experiencing a decline in the production rates from the present conventional reservoirs. In order to meet the demand for energy resources the industry participants are focusing on the development of unconventional oil & gas reserves by using various technologies such as hydraulic fracturing and other methods.
The use of hydraulic fracturing in the oil and gas extraction increases the yield of the resource from the well owing to which this widely used and is expected to grow over the forecast period. When hydraulic fracturing is used in combination with horizontal drilling, non-yielding wells and nonprofit rock formations are frequently rehabilitated into productive fields which yield a good amount of natural gas. The technology is majorly responsible for the growth and development of shale gas fields in the U.S. such as the Haynesville Shale, Barnett Shale, Marcellus Shale, and Fayetteville Shale gas fields. It has also been employed in yielding gas from tight rock units such as Niobrara Shale and Bakken Shale.
The various process chemicals used during the employment of hydraulic fracturing technology is a huge cause of concern to the environmental activists in the natural gas industry. A regulatory environment is obligatory while commissioning these techniques where drilling occurs to ensure the environmental safety and protection of water supplies and people living in the zones.
The market for hydraulic fracturing is fragmented and competitive in nature. There are several players in the market delivering services in the U.S. and the competition is expected to grow over the forecast period. With the rise in the oil and gas extraction activities in the country the players are also focused on increasing their market share by providing efficient and effective services over the forecast period.
Hexa Research has segmented the U.S. hydraulic fracturing market report based on type and end-use:
Segmentation by service type, 2015 - 2025
Segmentation by end-use, 2015 - 2025
Key players analyzed:
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