Concentrated Photovoltaic Market Is Poised To Reach Around $6.35 Billion By 2025: Grand View Research, Inc.

The global concentrated photovoltaic (CPV) market is expected to reach USD 6.35 billion by 2025 at a 10.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Demand for concentrated photovoltaic is anticipated to register rapid growth owing to its ability to harness solar energy in areas with no space constraints.

CPV technology is yet to gain worldwide acceptance and manufacturers are constantly engaged in developing new modules with improved efficiency. Growing popularity of PV has overshadowed the efficiency and advantages of CPV. However, the technology shows great promise owing to its scalability and efficiency.

Globally, Asia Pacific is the largest market for CPV. Presence of a large number of module manufacturers, coupled with favorable government initiatives, is driving the demand for this technology. The advantage of low labor cost and introduction of smaller rooftop systems are also expected to boost market growth.

Browse full research report on Concentrated Photovoltaic Market: www.grandviewresearch.com/industry-analysis/concentrated-photovoltaic-market                                                                             

Further key findings from the report suggest:

• By level of concentration, low concentrated photovoltaic is likely to be the fastest-growing segment at a revenue-based CAGR of 10.8% from 2017 to 2025. This is owing to innovations resulting in highly efficient products
• The commercial application segment is expected to exhibit a 9.0% CAGR from 2017 to 2025 in terms of revenue. This can be attributed to increasing number of installations in manufacturing facilities as well as private buildings
• In terms of revenue, the reflector product segment is expected to register a CAGR of 10.8% from 2017 to 2025 owing to rapidly increasing demand for low concentration photovoltaics made from mirrors
• By volume, Asia Pacific accounted for just over 50.0% of the global market in 2016 on account of rapidly growing capacity additions in China and India
• The installed capacity of CPV in Middle Eastern and African countries was 66.8 MW in 2016, backed by commissioning of projects in countries such as South Africa, Morocco, and Jordan
• Manufacturers are constantly working on introducing new products with improved efficiencies and reduced quantities of silicon 

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

Grand View Research has segmented the concentrated photovoltaic market on the basis of product, application, level of concentration, and region.

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

• Reflector
• Refractor

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

• Utility
• Commercial

Level of Concentration Outlook (Volume, MW; Revenue, USD Million, 2014 - 2025)

• High concentration photovoltaic
• Low concentration photovoltaic

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

• North America
• U.S.
• Canada
• Europe
• France
• Spain
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa 

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-concentrated-photovoltaic-cpv-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 Drill Bit Market Is Witnessing Significant Growth Due To Advancements In Oil & Gas Extraction Techniques Till 2022.

The global oil and gas drill bit market is expected to reach USD 7.62 billion by 2022, according to a new report by Grand View Research, Inc. Increasing E&P activities on account of increasing energy demand is expected to remain a key driving factor for global oil and gas drill bit market over the forecast period. Shift in trend towards developing unconventional reserves such as tight gas, shale and CBM is also expected to have a positive influence on the market growth. Hydrocarbon extraction from these reserves requires highly durable bit with improved performance and rate of penetration (ROP). 

North America oil and gas drill bit market revenue by product, 2012-2022 (USD Million)

Roller-cone bit were the largest product segment accounted for over 70% of total market volume in 2014. Roller-cone downhole components particularly those fabricated from tungsten carbide inserts are designed to operate in conventional formations and offer excellent rate of penetration (ROP) in initial stage of drilling. These products have less longevity as compared to the fixed cutter bit particularly when used in unconventional reserves. Fixed cutters are estimated to witness high growth as compared to the conventional tricone counterparts. High durability along with enhanced operability in most of the unconventional reserves coupled with increasing popularity of diamond cutters in the industry is expected to steer product demand in foreseeable future.

Browse full research report on Oil And Gas Drill Bit Market: www.grandviewresearch.com/industry-analysis/oil-gas-drill-bit-market 

                                                                         

Further key findings from the report suggest:

• Global oil and gas drill bit market demand was 2,835.0 hundred units in 2014 and is expected to grow at a CAGR of 5.1% from 2015 to 2022.
• Tungsten carbide inserts were the most preferred roller-cone bit with a total demand of over 1,090 hundred units in 2014. High durability coupled with increasing application in conventional drilling projects particularly in North America and Middle East is a major factor driving the product demand.
• Polycrystalline diamond cutters (PDC) are the most lucrative product segment as compared to other conventional bit owing to high durability and its ability to withstand long operations. These products have gained significant popularity in directional and horizontal drilling. Strong potential of directional drilling for unconventional reserves is projected to provide sufficient growth opportunities for product market.
• North America emerged as the leading consumer with demand share exceeding 35% in 2014. Increasing E&P activities coupled with shale gas boom in the U.S. can be attributed toward high market penetration in the region. North America is expected to gain significant share over next seven years owing to technological advancements along with large scale planned hydrocarbon explorations particularly in the Gulf of Mexico, and Canada Shale blocks.
• Asia Pacific and Latin America market are estimated to project significant potential for future industry expansion. Asia Pacific is estimated to witness a growth of 5.6% from 2015 to 2022 to reach a market volume of over 790 hundred units by 2022.
• Major companies operating in the global oil and gas drill bit market include Schlumberger, Baker Hughes, Atlas Copco, Halliburton, Varel International, Inc., National Oil-well Varco, Inc., Kingdream Public Limited Company and Torquado Drilling Accessories Inc. 

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments          

                                                                

Grand View Research has segmented the oil and gas drill bit market on the basis of product and region:

Oil & Gas Drill bit Market Product Outlook (Volume, Hundred Units; Revenue, USD Million, 2012 - 2022)

• Roller-cone bit
• Miller-tooth bit
• Tungsten carbide inserts
• Fixed cutter bit
• Polycrystalline diamond cutters (PDC)
• Natural/synthetic diamond cutter

Oil & Gas Drill bit Market Regional Outlook (Volume, Hundred Units; Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Rest of the world (RoW)

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-oil-gas-drill-bit-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

Subsea Manifolds Market To Experience Lucrative Growth Due To Favorable Revised Offshore Regulations Till 2025: Grand View Research, Inc.

The global subsea manifolds market is expected to be valued at USD 5.08 billion by 2025, according to a new report by Grand View Research, Inc. Increasing deepwater drilling activities and favorable revised offshore regulations have been a major factor driving the market growth. 

Subsea manifolds are utilized to direct fracturing fluids to the wells and to extract the produced fluids from the well into the flow lines. Subsea manifolds are devised to withstand the harsh conditions in deepwater. These systems are customizable as per the type of the soil in the sea bed. The manifolds can be utilized for horizontal or vertical connections with the resource bed in deepwater. They have a highly customizable design and are able to connect to multiple wells at the same time.

U.S. subsea manifolds market revenue by application, 2014 - 2025 (USD Billion)

Subsea manifolds facilitate the employment of a number of Enhanced Oil Recovery (EOR) strategy. The production manifold is employed for various applications by E&P companies including, isolations, testing, allocation management, and sampling. They are also employed to bring the produced fluids on to the surface via flow lines. Owing to these factors, production segment had the largest market share of 61.1% in 2016, and is anticipated to show a steady growth over the next eight years.

Injection is projected to grow at an estimated CAGR of 5.4% over the forecast period of 2016 to 2025, and thus be the fastest-growing segment in the application category. Injection manifolds can be customized to handle various types of fluids including, water-alternating-gas, gas, water, oil-based fluids, synthetic-based fluids, and foam-based fluids. These manifolds are subjected to immense pressure in deepwater and need to be built to withstand the harsh operating conditions; which thus makes their manufacturing cost high. This factor is anticipated to positively drive the injection segment growth over the forecast period of 2017 to 2025.

Browse full research report on Subsea Manifolds Market: www.grandviewresearch.com/industry-analysis/subsea-manifolds-market                                                                

Further key findings from the report suggest:

• The global subsea manifolds demand was valued at USD 3.31 billion in 2016 and is expected to grow at a CAGR of 5.0% from 2017 to 2025
• Production emerged as the largest application segment in 2016 and is estimated to generate revenue of USD 3.02 billion by 2025
• Injection is anticipated to be the fastest growing application segment over the next eight years and is estimated to grow at a CAGR of 5.4%
• Global subsea manifolds demand in production application was valued at USD 2.02 billion in 2016 and is anticipated to witness steady growth over the next eight years
• The U.S. subsea manifolds market in applications category was valued at USD 0.38 billion in 2016 and is estimated to be valued at USD 0.57 billion by 2025
• The Asia Pacific region is anticipated to witness high growth at a CAGR of 5.3% by 2025. Increasing financial aid tax benefits and government initiatives to exploit hydrocarbon reserves sustainably in South Korea, China, and India, is expected to drive market penetration in this region over the next few years.
• Major players in the industry include Schlumberger, Weatherford International, Halliburton, Archer Limited, and Baker Hughes. In order to expand their product portfolio and gain market share, these major players are often indulged in mergers, joint ventures, & acquisitions.

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

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

Subsea Manifolds Application Outlook (Revenue, USD Million, 2014 - 2025)

• Production
• Injection

Subsea Manifolds Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Norway
• Asia Pacific
• China
• Indonesia
• Central & South America
• Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-subsea-manifolds-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

Drill Pipe Market Is Poised To Reach Around $1.31 Billion By 2025: 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 To Experience Lucrative Growth Due To Growing Energy Demand Till 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