Diesel Genset Market Is Witnessing Significant Growth Due To Strong Economic Growth In Developing Regions

Global Diesel Genset Market is expected to reach USD 21.37 billion by 2022. The presence of a large electricity demand-supply gap owing to increase in demand from of mining, telecom, retail and oil & gas sector, is projected to drive diesel gensets industry.

The market for industrial use was valued at USD 3.93 billion in 2014. Industrial Diesel Genset is expected to grow substantially over the forecast period owing to the occurrence of frequent power failures resulting in high monetary losses. Furthermore, rapid industrialization in Asia Pacific and the Middle East & Africa is expected to fuel industry growth.

Germany Diesel Genset Market revenue by end-use, 2012 - 2022 (USD Million)

The market was dominated by low powered gensets in 2014, and this trend is projected to continue over the forecast period. Growing power shortage in countries including Singapore, China and India is expected to further fuel growth. Furthermore, rising occurrence of natural calamities such as floods and earthquakes is projected to bolster further demand for gensets, to supply interrupted electricity during a grid outage.

Browse full research report on Diesel Genset Market: www.grandviewresearch.com/industry-analysis/diesel-gensets-industry                                                                                                                             

According to The World Nuclear Association, the power requirement is expected to double than the current consumption by 2035. The U.S. Department of Energy has projected solar energy to be the most abundant energy source available giving rise to the development of solar powered gensets. This development is likely to pose a challenge to the overall growth of the industry over the forecast period.

Growing demand for the product in retail, hospitality and IT sectors globally is poised to propel the demand for high power diesel gensets. High power Diesel Genset market is expected to grow at a CAGR of more than 7% over the forecast period.

Asia Pacific is poised to witness substantial growth, growing at a CAGR of over 8.0% from 2015 to 2022. Increasing capacity expansion of manufacturing and telecom sectors particularly in countries such as China and India is expected to drive demand over the next seven years. In addition, government policies such as “Make in India” policy by the Indian government is expected to fuel growth.

The Middle East & Africa is expected to reach over USD 2.80 billion by 2022. Technological development coupled with growing purchasing parity in UAE and Saudi Arab is supposed to fuel market growth over the forecast period.

Some of the major players include Himoinsa S.L, Caterpillar Inc., Cummins Inc., F.G.Wilson Inc., Kirloskar Electric Co. Ltd. Companies continuously spend a considerable amount for R&D activities to develop and enhance their portfolio of the product. Himoinsa partnered with Yanmar in April 2015 to strengthen their product portfolio.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/power-generation-and-storage                                                                                                                     

Grand View Research has segmented the global Diesel Genset Market on the basis of product, end-use and region:

Global Diesel Gensets Product Outlook (Revenue, USD Million, 2012 - 2022)

• Low Power Gensets
• Medium Power Gensets
• High Power Gensets

Global Diesel Gensets End-use Outlook (Revenue, USD Million, 2012 - 2022)

• Residential
• Commercial
• Industrial

Global Diesel Gensets Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa
• Saudi Arabia

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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

Tight Gas market Is Anticipated To Reach $59.40 Billion by 2020: Grand View Research, Inc.

Global tight gas market is expected to reach USD 59.40 billion by 2020, growing at a CAGR of 3.6% from 2014 to 2020. Depleting conventional natural gas reservoirs around the world has prompted the industry to develop unconventional reserves which is expected to remain a key factor driving the market for tight gas. In addition, government support in the form of financial incentives and tax holidays is also expected drive the market over the forecast period. 

Favorable regulatory scenario in China, coupled with government initiatives to increase tight gas and CBM production is expected to drive market demand over the next six years. However, high costs associated with drilling and completion of tight gas reserves and environmental concerns caused due to hydraulic fracturing are expected to be a key challenge for market participants in the coming years.

Browse full research report on Tight Gas market: www.grandviewresearch.com/industry-analysis/tight-gas-industry                                                                                                                      

Further Key Findings From the Study Suggest:

• Global tight gas production was 11,816.3 Bcf in 2013 and is expected to reach 16,141.5 Bcf by 2020, growing at a CAGR of 4.7% from 2014 to 2020.

• Power generation emerged as the leading application market for tight gas and accounted for 33.1% of total tight gas produced globally in 2013. Power generation along with being the largest market is also expected to be the fastest growing application market, at an estimated CAGR of 6.2% from 2014 to 2020.

• North America dominated the global market for tight gas with the U.S. and Canada together accounting for more than 75% of global tight gas produced in 2013. U.S. dominates the North American tight gas market, with revenue estimated at USD 25.92 billion in 2013, expected to grow at a CAGR of 3% from 2014 to 2020. However, government support to push the production of tight gas in China is expected to make Asia Pacific the fastest growing market for tight gas at an estimated CAGR of 13.6% from 2014 to 2020. However, lack of drilling companies operating in Australia and Western Europe to meet the economies of scale has been hampering the production rate.

• Key companies operating in the global tight gas market include, Anadarko, British Petroleum, ExxonMobil, PetroChina, Royal Dutch Shell, Sinopec and Total SA among some other companies.

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

Grand View Research has segmented the global tight gas market on the basis of application and region:

Tight Gas Application Outlook (Volume, Bcf; Revenue, USD Billion; 2012-2020)

• Power Generation
• Industrial
• Residential
• Commercial
• Transportation

Regional coverage of the database includes:

• North America
• U.S.
• Canada
• Europe
• Russia
• Asia-Pacific
• China
• RoW

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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

Well Cementing Services Market Is Predicted To Grow Swiftly Due To Growing E&P In Unconventional Reserves Till 2024: Grand View Research, Inc.

The global well cementing services market is expected to reach USD 11.08 billion by 2024, according to a new report by Grand View Research, Inc. Rising drilling activities to recover unconventional hydrocarbons such as shale and tight gas coupled with rehabilitation activities in existing oil & gas fields is expected to remain a key driving factor for the global market.

U.S. well cementing services market revenue by service, 2014 - 2024 (USD Million)

A large number of unexplored reserves particularly in Brazil, Russia, and China, coupled with technological advancements in well cementing equipment and services provided by oil service providers is projected to have a positive impact on the market growth in near future.

Stringent environmental regulations coupled with low crude oil prices are expected to hindermarket growth over the next eight years. Low crude oil prices are anticipated to support stronger economic growth, but it may hamper growth among energy producing states.

Primary cementing was the leading service segment and accounted for over 75% of total market revenue in 2015. It is estimated to remain the largest segment over the next eight years owing to rising E&P to exploit unconventional hydrocarbon reserves.Remedial cementing is anticipated to emerge as the fastest growing well cementing service market over the forecast period owing to increasing rehabilitation of oil & gas wells in both onshore and offshore activities.

Browse full research report on Well Cementing Services Market: www.grandviewresearch.com/industry-analysis/well-cementing-services-market 

                                                                                                     

Further Key Findings From the Study Suggest:

• Onshore application dominated the global well cementing service demand and accounted for over 80% of total revenue in 2015. The rising onshore well operations, particularly in the U.S., Saudi Arabia, Russia, and China,may be attributed to the high growth in this particular segment.
• North America emerged as the leading well cementing services consumer and accounted for 41.4% of the total revenue in 2015 owing to huge oil & natural gas production coupled with oilfield development especially in shale &tight oil reserves in the U.S. and Canada.
• Asia Pacific well cementing services marketis anticipated to grow at a CAGR of 7.0% from 2016 to 2024.The high growth may be attributed to favorable government policies such as FDI and tax redemption in countries such as India, which is anticipated to promote E&P in the region.
• The global industry is dominated by various integrated players present across the value chain. Key companies operating in the well cementing service market includeSchlumberger Ltd., Baker Hughes Inc., Halliburton, Weatherford & Gulf Energy Llc., and Calfrac Well Services Ltd.

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

                                                                                                    

Grand View Research has segmented the well cementing services market on the basis of service, application,and region:

Global Well Cementing Service Outlook (Revenue, USD Million, 2014 - 2024)

• Primary
• Remedial
• Others

Global Well Cementing Application Outlook (Revenue, USD Million, 2014 - 2024)

• Onshore
• Offshore

Global Well Cementing Regional Outlook (Revenue, USD Million, 2014 - 2024)

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

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

Wind Energy Foundation Market - Global Industry Trends And Forecast Analysis By 2024

The global wind energy foundation market is expected to reach USD 241.14 billion by 2024, according to a new report by Grand View Research, Inc. Increasing concerns over depleting petroleum resources has resulted in influencing growing demand for renewable energy. Increasing global population and industrialization have become major factors for moving towards non-conventional resources.

Wind energy is gaining momentum over the past few years on account of major capacity additions owing to the declining prices. Recently there have been dramatic reductions in costs on account of increasing research and development. Growing demand for expansion of electricity generation and access is expected to be a major driver for the industry over the forecast period.

Global wind energy consumption estimates and forecast, 1990 - 2030 (Quadrillion Btu)

Climate change and global warming are major factors responsible for the increasing focus on wind power and harnessing this power for the future generations. The demand for wind energy foundation was USD 73.46 billion in 2015.Approximately 100 countries have managed to build several commercial wind farms.

Strong government initiatives and subsidies for the development of renewable energy is expected to be crucial factor for growth of the industry over the forecast period. The Paris agreement of 2015 was a major step in moving towards harnessing sustainable and clean energy.

Browse full research report on Wind Energy Foundation Market: www.grandviewresearch.com/industry-analysis/wind-energy-foundation-market                                                                                                   

Further Key Findings From the Study Suggest:

• Offshore wind energy foundation segment is expected to witness revenue growth at a CAGR of 14.9% from 2016 to 2024. Offshore wind turbines have large power capacities and are now being installed even in deep water.
• In the offshore category, mono-pile foundation accounted for 35.6% of the global market share in 2015 and it was the largest in offshore category. Increasing need to secure energy security and growing concerns about onshore wind farms is a major factor propelling expansion.
• Onshore wind energy foundation market was valued at USD 52.01 billion. The onshore category has dominated the foundation market over the past several decades owing to reasonable cost for installation.
• Asia Pacific market was valued at USD 27.45 billion in 2015 and will witness significant gains over the forecast period on account of continuous increase in installation capacity in countries such as China, India and Japan.
• North America is a major market for foundations owing to the availability of best wind resources coupled with low prices as compared to other countries. Countries such as Brazil will open present new opportunities for propelling growth over the forecast period.

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

Grand View Research has segmented the global wind energy foundation market by site location and region:

Site Location outlook (Revenue, USD Million, 2013 - 2024)

• Onshore
• Mono-Pile
• Jacket-Pile
• Gravity
• Suction
• Tripod
• Offshore
• Raft
• Pile
• Well Foundation
• Others

Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa (MEA)

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-wind-energy-foundation-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