Drill Pipe Market Is Predicted To Reach USD 1.31 Billion By 2025: By Grand View Research, Inc.

The global drill pipes market is expected to reach USD 1.31 billion by 2025, according to a new report by Grand View Research, Inc. Increasing innovation regarding improving product strength is a major trend in the industry. Industry players are focused on developing new technologies and raw materials for better performance in all type of drilling conditions including onshore and offshore remote oil and gas fields.

However, the dip in the crude oil prices over the last two years has restricted the market growth. Rig rental capital is declining in the offshore market, and customers have significantly higher bargaining power in negotiating new contracts and extensions, leading to lower day rates and an oversupply of rigs. 

Global Drill Pipe Market Revenue By Grade, 2014 - 2025 (USD Million)

API grade drill pipes held the largest share in global demand and are expected to continue their dominance over the forecast period. Standardization of the finished products along with the relatively low prices of this grade are anticipated to promote market penetration. Utilizing these products also ensure reduced operational cost to the E&P and operator companies.

API grade products are mostly preferred in normal environments and conventional basins owing to the easy availability and reduced OpEx to both E&P and contractor companies. Exploration in unconventional and harsh environmental conditions particularly in shale, CBM, and tight reserves are expected to steer premium grade drill pipes demand over the forecast period.

Browse full research report on Drill Pipe Market: www.grandviewresearch.com/industry-analysis/drill-pipe-market                                                 

Further key findings from the report suggest:

• Premium grade drill pipes are expected to account for over 25% of the revenue by 2025. The increasing use of premium grade in tight oil and gas formation is anticipated to drive the segment growth over the next eight years.
• Onshore fields dominated the global drill pipe market with a net demand of over USD 580 million in 2015. Hike in E&P in shale and CBM fields particularly in the U.S., Canada, and China have been the key factors responsible for high market penetration.
• The U.S. market demand in offshore basins exceeded a net value of USD 64 million in 2015 and is estimated to grow at a CAGR of 4.3% from 2016 to 2025
• Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the flexible regulatory scenario in economies including India, China, Indonesia, and Singapore. The Indonesian drill pipe industry is anticipated to reach a net value exceeding USD 19 million by 2025.
• The global market is dominated mostly by regional players. Some of the multinational players include Inter Drill Asia, TPS TECHNITUBE RÖHRENWERKE, Vallourec, and National Oilwell Varco.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/construction-and-utilities                                             

Grand View Research has segmented the global drill pipes market on the basis of grade, application and region:

Global Drill Pipes Grade Outlook (Revenue, USD Million, 2014 - 2025)  

• API Grade
• Premium Grade

Global Drill Pipes Application Outlook (Revenue, USD Million, 2014 - 2025)

• Onshore
• Offshore

Global Drill Pipes Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Russia
• UK
• Norway
• Asia Pacific
• China
• India
• Indonesia
• Central & South America
• Brazil
• Argentina
• Venezuela
• Middle East
• Saudi Arabia
• UAE
• Qatar
• Kuwait
• Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-drill-pipe-market   

                                                             

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Oil And Gas Separation Market Is Poised To Reach Around $10.68 Billion By 2020: Grand View Research, Inc.

Global Oil And Gas Separation Market is expected to reach USD 10.68 billion by 2020, according to a new study by Grand View Research, Inc. Favorable initiatives such as Kuwait conventions and U.S. EPA regulations towards maintaining optimum pipeline fluid quality with low gas to water and oil to gas ratio are expected to drive global oil & gas separation market. Increasing environmental concerns along with strict quality specifications are also expected to have a positive influence on the market growth. Key market participants have been investing heavily in R&D for technological developments to meet pipeline specific fluid quality. Rising E&P in conventional & unconventional reservoirs in offshore & onshore locations along with increased levels of water production in tight reserves is also expected to impact the market growth. Growing solid handling issues in existing plants along with high cost of equipment upgradation is expected to remain a key challenge for market participants.

Global oil & gas separation market revenue by technology, 2012 - 2020 (USD Million)

Gravitational separation emerged as the leading oil & gas separation technology and accounted for over 45% of total market revenue in 2013. Gravitation is the most conventional method used for oil & gas separation and its existing capacities coupled with its effective separation have contributed to its growth in the past. The segment is expected to lose some of its share to other high growth segments such as centrifugal separation owing to increasing R&D and technological advancements to handle multiple fluid phases and various crude oil grades. Centrifugal technology is estimated to witness the fastest growth at a CAGR of 4.7% from 2014 to 2020 owing to more efficient separation mechanism.

Browse full research report on oil and gas separation market: www.grandviewresearch.com/industry-analysis/oil-and-gas-separation-market                                                 

Further key findings from the report suggest:

• Three-phase separators were the largest product segment and accounted for over 40% of total market revenue in 2013. It is also expected to witness the highest growth of 4.9% over the next six years owing to their ability to deal with solids. Scrubbers are also estimated to witness significant growth over the forecast period on account of efficient mist separation coupled with increasing environment regulations for maximum particulate and GHG content in flare gases.
• Onshore was the largest application segment and accounted for 59.6% of total market revenue in 2013. Oil & gas separation demand in offshore is expected to witness the highest growth rate of 5.4% from 2014 to 2020. Increasing deep sea and ultra deep sea investments in the “Golden Triangle” is expected to drive this segment over the forecast period.
• North America was the largest regional oil & gas separation market and accounted for over 40% of total market revenue in 2013. The regional market is expected to witness significant growth on account of large number of shale plays in the U.S. Asia Pacific is expected to witness the highest growth rate of 5.1% over the next six years on account of improving oil & gas infrastructure coupled with rapid development of shale gas E&P. Increasing offshore oil & gas development in countries such as Malaysia, Indonesia and Vietnam is also expected to fuel the regional market.
• Major companies in global market have been investing heavily on R&D for efficient oil & gas separation technology development. Key players operating in global oil & gas separation market include Opus Company, Pall Corporation, Unidro SpA, Hamworthy, Twister BV, Honeywell, Frames Group, Sulzer and FMC Technologies, Alfa Laval, Andritz and Westfalia.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/conventional-energy    

                                       

Grand View Research has segmented the oil & gas separation market on the basis of technology, product, application and region:

Global Oil & Gas Separation Technology Outlook (Revenue, USD Million, 2012 - 2020)

• Gravitational
• Centrifugal
• Others

Global Oil & Gas Separation Product Outlook (Revenue, USD Million, 2012 - 2020)

• Two-phase separators
• Three-phase separators
• Scrubber
• Others

Global Oil & Gas Separation Application Outlook (Revenue, USD Million, 2012 - 2020)

• Onshore
• Offshore
• Refinery
• Others

Global Oil & Gas Separation Regional Outlook (Revenue, USD Million, 2012 - 2020)

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central & South America

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-oil-and-gas-separation-market    

                                                            

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Biodiesel Market Is Predicted To Grow Swiftly Due To Increasing Demand For Biodiesel As Automobile Fuel Till 2025: Grand View Research, Inc.

The global biodiesel market is expected to reach USD 54.8 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 7.3% CAGR owing to Increasing demand for biodiesel as automobile fuel owing to their environment friendly characteristic to mitigate greenhouse gas emission is expected to propel industry growth.

The industry is characterized by the presence of several players, with the majority of them are established in the Europe and North America. The industry is undersupplied in the majority of the regions owing to the insufficient production capacities as compared to the demand. The industry players are adopting integration strategies in order to reduce their dependency on the raw material suppliers and strengthen their position in the global market.

Positive government outlook to support biofuel sector in emerging markets including India, Argentina and Colombia coupled with the introduction of biofuel mandates across the globe is expected propel growth. High demand for the major raw materials such as soybean, palm and corn are expected to hamper feedstock availability, thus impacting the growth. However, increasing investments in R&D to use innovative feedstock raw materials including algae, animal fat and UCO is likely to drive growth.

U.S. vegetable oil biodiesel market revenue by product 2014 - 2025 (USD Million)

Browse full research report on Biodiesel Market: https://www.grandviewresearch.com/industry-analysis/biodiesel-market 

                             

Further key findings from the report suggest:

• Europe dominated the biodiesel industry in 2016, accounting for 40.7% of the global production owing to early product adoption, high investments in R&D and positive
• The demand for biodiesel is primarily driven by automotive application segment replace fossil fuel, and the same is expected to grow at a CAGR of 5.1% from 2017 to 2025. Selection of raw material varies dramatically from region to region based on the raw material availability and cost associated with this feedstock
• Soybean was the major feedstock for the product in the North America accounting over 45% of the overall product, wherein rapeseed dominated the European biodiesel market with a share of over 50%
• Central & South America and Asia Pacific are expected to emerge as major exporters for the product owing to the lower production cost and abundant raw material availability in these regions
• Demand-supply gap in the industry is expected to open new avenues for the industry players in terms of new plant setups and capacity expansions. Capital investment and technology know-how are expected to be the key barriers for the new industry players in order to compete with the existing manufacturers
• The major players in the industry include FutureFuel Corporation, Manuelita S.A., Archer Daniels Midland Company (ADM), Bunge Limited, Cargill, Inc., and Neste Oyj

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/renewable-energy  

                        

Grand View Research has segmented the global biodiesel market on the basis of feedstock, application and region:

Feedstock Outlook (Volume, Million Liters; Revenue, USD Million, 2014 - 2025)

• Vegetable Oils
• Canola oil
• Soybean oil
• Palm oil
• Corn oil
• Others
• Animal Fats
• Poultry
• Tallow
• White grease
• Others

Application Outlook (Volume, Million Liters; Revenue, USD Million, 2014 - 2025)

• Fuel
• Automotive
• Marine
• Agriculture
• Others
• Power Generation
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Indonesia
• Thailand
• Central & South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa

Access Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-biodiesel-market                                                

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

Oilfield Services Market To Experience Lucrative Growth Due To Rising Demand For Energy Till 2025: Grand View Research, Inc.

The global oilfield services market 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.

The processing & separation segment accounted for a market share of 12.7% in 2016 and is anticipated to ascend at a CAGR of 2.7% over the forecast period. This service aids the treatment of oil by means of distillate treaters, desalting & dehydration electrostatic treaters, and multiphase separation systems. It helps purify the natural gas obtained from reservoirs, eliminating its inherent impurities. The techniques employed in gas processing & treatment include glycol dehydration, monoethylene glycol reclamation & regeneration, phase separation, and acid gas treatment & removal. The various advantages of processing & separation are anticipated to boost the demand for oilfield services over the next few years.

The growing number of deep-water exploration and production activities in the Gulf region is projected to fuel the demand for drilling fluids over the forecast period. In 2015, major companies such as Chevron, Petronas, Shell, Total, and YPF had announced plans to invest in E&P activities. However, macroeconomic factors such as inflation, falling oil prices, and the economic downturn had a negative impact on the oil production in various parts of Argentina, Brazil, and Venezuela.

U.S. oilfield services market revenue, by service, 2014 - 2025 (USD Billion)

Browse full research report on Oilfield Services Market: https://www.grandviewresearch.com/industry-analysis/oilfield-service-market 

                                   

Further key findings from the report suggest:

• The global oilfield services market was valued at USD 103.26 billion in 2016 and is estimated to witness a CAGR of 3.4% from 2017 to 2025
• The global demand for oilfield services in onshore applications was valued at USD 66.57 billion in 2016 and is anticipated to record a steady growth over the next eight years
• Production emerged as the largest segment of the market, by service, in 2016 and is predicted to be valued at USD 29.57 billion by 2025
• Seismic is anticipated to be the fastest growing segment of the market, by service, ascending at a CAGR of 4.2% over the next eight years
• Asia Pacific is anticipated to progress at a CAGR of 4.8% over the forecast period. Growing concerns about the wellbore stability, well blowout, and extreme temperature operating conditions are expected to boost the demand for oilfield services in offshore and onshore regions in the coming years.
• Key players of the market include Schlumberger Limited, Baker Hughes Incorporated, Archer Limited, Halliburton Company, and Weatherford International. These players often engage in research & development activities in order to expand their product portfolios and gain larger market shares.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/conventional-energy                                  

Grand View Research has segmented the global oilfield services market on the basis of application, service, type, and region:

Application Outlook (Revenue, USD Billion; 2014 - 2025)

• Onshore
• Offshore

Service Outlook (Revenue, USD Billion; 2014 - 2025)

• Workover & completion services
• Production
• Drilling services
• Subsea services
• Seismic services
• Processing & separation services
• Others

Type Outlook (Revenue, USD Billion; 2014 - 2025)

• Equipment rental
• Field operation
• Analytical & consulting services

Regional Outlook (Revenue, USD Billion; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Russia
• Asia Pacific
• China
• Australia
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia

Access Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-oilfield-services-market                                                          

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

Increasing Clean Energy Adoption Over Non-Renewable Fuels Is Expected To Drive Chatbot Market Till 2025: Grand View Research, Inc.

The global concentrated solar power market is predicted to reach USD 8.92 billion by 2025, according to a new report by Grand View Research, Inc. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is further propelling the market growth.

Increasing clean energy adoption over non-renewable fuels is expected to drive the global concentrated solar power over the forecast timeframe. Favourable government regulations towards reduction of carbon footprint and greenhouse gas (GHG) emissions will further enhance the business growth.

Growing electricity demand along with rising investments to augment the efficiency index will provide an impetus to the concentrated solar power market growth. The Federal Government sponsored USD 9 million towards the research and development of six new CSP projects in the country, to reduce the total project costs though technological growth.

Substantial reduction in the component costs along with supportive government incentives like energy certificates, and carbon credits will expand the concentrated solar power market over the forecast period. Regulators around the world have been encouraging grid integration, making it an affordable alternative compared to non-renewable energy sources.

Concentrating Solar Power technology can store solar energy in the form of heat, even post sunset, which is perceived as the greatest advantage that it offers over all the other competing technologies. Reliable power supply coupled with flexibility in usage assist in bridging the demand supply deficit, currently faced by nations especially in the developing world. However, CSP technology is capital intensive as compared to other solar thermal technologies, as this may prove to be a restraint for the its adoption over the forecast period.

In terms of technology, the parabolic trough technology held over 75% of the global concentrated solar power market share in 2016. Matured technology coupled with affordable costs as compared to other forms of available systems will positively influence the growth of the concentrating solar power market over the forecast period. Power tower technology was valued over USD 955.5 million by 2025. Enhanced heat storage ability, higher efficiency, and favourable capacity factor will augment the business growth.

Browse full research report on Concentrated Solar Power Market: https://www.grandviewresearch.com/industry-analysis/concentrated-solar-power-csp-market    

                             

Further key findings from the report suggest:

• The U.S. concentrated solar power market, in terms of value, will witness growth of over 18.9% over the forecast period. Favourable government initiatives like tax credits, installation cost subsidies among other benefits will augment the business growth.
• In Morocco, climatic conditions are favourable to the growth of CSP technology adoption, in tandem with the existing pipeline projects. Morocco concentrating solar power market is expected to exceed USD 852.2 million over the forecast period.
• Spain concentrated solar power market size is set to exceed USD 1.22 billion by 2025. Spain is the market leader with the maximum installed capacity in the world as of year 2017.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/renewable-energy 

                              

Grand View Research has segmented the global CSP market on the basis of product and region:

Technology Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)

• Parabolic Trough
• Linear Fresnel
• Dish
• Power Tower

Application Type Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)

• Utilities
• Enhanced Oil Recovery
• Desalination
• Others

Regional Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Spain
• Italy
• Asia Pacific
• China
• India
• Central & South America
• Morocco
• Algeria
• Middle East and Africa
• South Africa
• Saudi Arabia

Access Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-concentrated-solar-power-csp-market          

                                            

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

Microgrid Market To Witness Growth Gaining Popularity From Household & Industrial Sectors Till 2025: Grand View Research

The global microgrid market is expected to reach USD 17.51 billion by 2025,growing at a CAGR of 17.0%, according to a new report by Grand View Research, Inc. The improvement in manufacturing sectors of emerging markets including Mexico, China and India as a result of favorable government policies to attract investments is expected to promote market growth.

Microgrid differs from conventional electrical distribution system as it acts a close proximity medium between the power generation and power consumption sources which results in increasing efficiency and reducing transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations.

Rising importance of captive electricity generation as a key alternative to the regulated power supply by municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact. Furthermore, rising production output of unconventional sources including shale gas in the U.S. and Canada as a result of high utilization of fracking technology is expected to ensure access of natural gas as a power source over the next eight years.

Browse full research report on Microgrid Market: https://www.grandviewresearch.com/industry-analysis/microgrid-market 

                             

Further key findings from the report suggest:

• The global microgrid demand was stood at 1.48 GW in 2016 and is projected to reach 6.54 GW by the end of 2025, expanding at a CAGR of 16.3% from 2017 to 2025.
• Remote microgrid market demand was 568.2 MW in 2016. The segment is expected to foresee tremendous gains owing to the upcoming installation of new projects in Arctic circle, Russia
• Natural gas is expected to witness revenue growth at a CAGR of 18.1% from 2017 to 2025. The governments of Russia and Syria signed Russia-Syria Offshore Gas Deal which is aimed for exploration and production of natural gas in Syrian Coast. The abovementioned favorable trends in natural gas industry of Russia is expected to open new markets.
• Utility is projected to account for 9.6% of global volume share by the end of 2025 as a result of increasing power demand amid the inclusion of new HVAC and heavy load machinery in manufacturing sector
• North America is expected to account for 71.4% of global revenue by the end of 2025. The increasing number of new solar PV microgrids for utility in Northeast and West regions of the U.S. is expected to have a positive impact.
• Key vendors include Siemens AG, Exelon, GE, Lockheed Martin Corporation, Lockheed Martin Corporation, ABB Group, Power Analytics, Toshiba Corporation, Honeywell International Inc, ZBB Energy Corporation, Echelon Corporation and Schneider Electric. In November 2016, Exelon launched five new microgrids at USD 250 million through the assistance with Anarbic. This launch is anticipated to play a crucial role in increasing the market share of Exelon in global industry over the next eight years.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/construction-and-utilities                            

Grand View Research has segmented the global microgrid market on the basis of power source, product, application, and region:

Microgrid Power Source Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• Natural Gas
• CHP
• Solar PV
• Diesel
• Fuel Cell
• Others

Microgrid Product Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• Remote
• Grid connected
• Hybrid

Microgrid Application Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• Government
• Education
• Commercial
• Utility
• Defense
• Others

Microgrid Regional Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa

Access Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-microgrid-market                                                   

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com