Well Intervention Market Trends, Scope and Driver Analysis by 2014-2025

21 Sep 2018 – Global Well Intervention Market is anticipated to reach USD 17.76 billion by 2025. Well Interventions are used to avoid unexpected glitches in oil and gas wells. They securely clean and remove debris from preserved streams. Also, they perform harmless and operative plug and render abandonment at the end of the well’s commercial life.

The factors that propel the growth of the Well Intervention industry include revitalization of aging fields/wells and surge in oil & gas industry, upsurge in global energy demand, growing attention on renewable energy. On the other hand, the factors that may hamper the development of the market include stringent management regulations on E&P (exploration & production) activity. Well Intervention Market is anticipated to grow at a significant CAGR of 4.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Well Intervention industry may be explored by service type, application, and geography. The market may be explored by service type as Re-Perforation, Tubing/Packer Failure & Repair, Stimulation, Logging & Bottom Hole Survey, Zonal Isolation, Remedial Cementing, Sand Control Services, Fishing, Artificial Lift, etc. The “Logging And Bottom hole” segment led the Well Intervention Market in 2016 and is anticipated to maintain its dominance by 2025 owing to shale gas production and revolution of oil & gas from shale investments in the country, development in the emerging nations of the region, such as India and China, due to surge in oil & gas manufacturing actions in these nations and increase in energy demand.

The key applications that could be explored in the market include Off shore and onshore. The “Onshore” segment led the Well Intervention industry and accounted for 65.5% of the total market revenue in 2016 owing to renewal of aging onshore well/field. North America accounted for the major share of the Well Intervention Market Size in 2016 and will continue to lead in the forthcoming period. The factors that could be attributed to the growth include increase in exploitation of unconventional reserves, quest for finding potential untapped oil and gas investments, growing offshore drilling activities in the Gulf of Mexico, and ongoing shale gas revolution.

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Some of the key players that fuel the growth of the Well Intervention industry comprise Deepwell AS,HELIX ESG, Schlumberger Limited, GE, Oceaneering International, Inc., Halliburton, Hunting Energy Services, Expro Group, Weatherford International Plc., and National Oilwell Varco. 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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Oil Spill Management Market Analysis of Sales, Revenue, Price, Share and Growth Rate to 2025

11 Sep 2018 – The global Oil Spill Management Market is expected to cross a higher CAGR during the forecast period. Oil spill waste management results in generation and collection of huge quantities of oily waste. Gravel, emulsified oil, oiled sand, and accumulated debris could raise the waste volume to a greater extent of oil split originally. This waste typically surpasses the management of oily waste and response-relevant wastes can turn more time demanding and incur significant costs of an oil spill. Management of waste from a spill comprises setting up of logistical arrangement to allocate waste in a safe and efficient manner from the recovery point to disposal.

Market driving factors for oil spill management industry include rise in oil & gas transportation coupled with stringent policies of government pertaining to safety. Rise in huge investments for R&D positively is likely to impact the market development in the near future.

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In addition, strategic alliances for expansion could also result in market growth for the estimated period. Technological segment for oil spill management market includes pre-oil spill and post-oil spill. Pre-oil spill and post-oil spill are further segmented into offshore and onshore. By response technique, the oil spill management industry includes chemical recovery, biological recovery and mechanical containment & recovery.

Geographical segment for oil spill management market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American market is expected to dominate the market in the forecast period owing to stringent policies and regulatory framework by government. Asia-Pacific’s market is anticipated to rise at a significant CAGR owing to increased oil and gas exploration activities and government support for tax benefits and financial assistance for R&D activities.

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The key players in the oil spill management market include Skim Oil Inc, OMI Environmental Solutions, American Green Ventures Inc, Spill Response Services, Oil Spill Response Limited, Osprey Spill Control and Fender.

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Artificial Lift Systems Market Leading Players Analysis, Market status and Forecast Up To 2025

7 Sep 2018 - The global Artificial Lift Systems Market is expected to gain a moderate growth during the forecast period. Artificial lift systems are used to enhance fluid production and transportation from the reservoir to the endpoint. Based on the nature of use, the artificial lift systems are categorized on their operating principle, energy source and design. The primary aim of artificial lift systems is to lessen the weight of hydrostatic column by reducing the density of fluid column resulting into overall lessening of drawdown on reservoir ultimately, so that the formation can exhibit desired reservoir fluid.

Artificial lift systems industry is driven by factors such as rising production of shale gas and oil production and increase in oil reserves and oil production capacities all across the globe. However, the market is less efficient in terms of investments since it lacks ease of technology, yet strategic alliances enable the mitigation of risk factors based on market predictor variables. Type segment for artificial lift systems market include rod lift, electrical submersible pumps, progressive cavity pumps and gas lift.

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By mechanism, the artificial lift systems industry is segmented as pump assisted and gas assisted. Application segment for the market include offshore and onshore. Onshore segment accounts for a greater CAGR during the forecast period. Factors such as rise in demand for artificial lift systems and increase in manufacture of innovative products. Component segment for artificial lift systems market includes sucker rod, pump jack, cable and separator, controller and gas mandrels. Pump jack accounts for a larger market segment owing to rise in deployment in manufacture and construction sector across the globe.

Geographical segmentation for artificial lift systems industry includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America artificial lift systems market account for a significant share in the global market. Rise in use of rod installed enables a sustainable use in the industry allows the market to expand further.

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Market developments in APAC and MEA sector display similar trends due to factors like rise in offshore & onshore oil production and improved conditions for requirements in saturated fields. Rise in subsea and coal-mining operations are expected to bolster the APAC market growth. The key players in the artificial lift system industry include Weatherford International plc, General Electric Company, Baker Hughes Inc and Halliburton Company.

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U.S. Solar PV Market Strategy Framework and Key Companies Analysis by 2012-2022

Industry Insights

The US Solar PV Market is estimated to reach an installed capacity of 60 GW by 2022. The rising demand for electricity coupled with increasing consumer awareness concerning the benefits of renewable resources is anticipated to have a positive impact on the market growth. The increasing demand for solar PV panels in commercial and residential applications is expected to drive market growth.

A solar photovoltaic system generates electricity from sunlight with the help of semiconductors. The electrons in these materials are freed by sunlight and can be induced through an electric circuit to generate electricity. The growth of solar PV technology is fastest as compared to other renewable energy sources owing to free availability of sunlight. The government subsidies and regulations are beneficial to the market growth. In addition, the growth in the number of solar panel installations mainly in California has caused a steep decline in the module prices. The decrease in the price of raw materials coupled with advanced manufacturing processes is anticipated to have a positive impact on the growth of U.S. solar PV market.

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The application segments namely, residential, utility and commercial/non-residential are anticipated to increase substantially on account of the Investment Tax Credit (ITC) subsidy till 2016. In 2016, the US solar market grew by 97% adding about 15GW of new capacity. The electricity provided by solar energy accounted for over 39% of the total installed electric capacity in 2016.

The residential segment witnessed a substantial growth in the upcoming years owing to the increasing concern of consumers regarding the protection of environment together with decreased cost of the module. In addition, the cost of maintenance of solar PV is low as compared to other sources of power generation which have led to an increase in demand for the modules.

The reduction in carbon emission during the generation of electricity as compared to other sources together with the variable sizes available in solar PV modules is expected to have a positive impact on the market growth. In addition, the availability of solar insolation across the US is anticipated to aid the demand of solar PV modules in the country.

Application Insights

The utility segment contributed to over 50% of the overall U.S. solar PV market installations in 2014. The development of technology has increased the efficiency of electricity generation by solar PV modules coupled with low installation cost owing to government subsidies is expected to drive market growth.

The commercial application segment is expected to witness a growth at CAGR of around 14% over the forecast period. The shift in consumer inclination towards the utilization of renewable energy for electricity generation owing to environmental protection is likely to fuel solar PV market growth in U.S.

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State Insights

California contributed to over 7,815 MW power in 2014 on account of the exposure to solar radiation together with growing number of installations in residential and utility sectors. In addition, there is a sharp decline in the cost of equipment owing to large-scale installations of solar PV which is expected to lead market growth.

California accounts for over 50% of the residential segment of the solar PV system installations followed by New Jersey and Arizona. There is a significant decline in raw material prices owing to technological advancements and bulk ordering from China. The extension of federal ITC is likely to propel market demand of solar PV in the country.

The favorable energy policies in California is likely to propel growth for renewable energy leading to a rise in market demand for solar PV modules. The preference of consumers in Arizona and California towards the use of environmentally friendly renewable energy is expected to bolster the solar PV market demand.

North Carolina is likely to have an increase in the contribution towards US solar market owing to a growth in residential installations. Furthermore, the high cost of power in North Carolina as compared to other states including Louisiana, Washington, and Kentucky is likely to boost market growth in the region.

Competitive Insights

The major players in the industry include SunPower, 1Soltech, Advance Power, BORG Inc., Solar Cynergy, Zebra Energy, Lumos, First Solar, Suniva, Alps Technology, Auxin Solar, Pionis Energy, Green Brilliance, Solar World, Itek Energy.

First Solar utilizes cadmium telluride (CdTe) thin film technology which gives high efficiency as compared to monocrystalline and polycrystalline modules. Moreover, the production costs are subordinate to other modules making it advantageous among all solar PV installers.

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Carbon Capture And Storage (CCS) Market Status and Trend: Top Key Players, Industry Dynamics, And Regional Scope 2025

Industry Insights

The global market size of Carbon Capture and Storage (CCS) Industry was 61,150 kilo tons in 2015. Rising pressure on nations to cut down carbon dioxide emission coupled with demand for clean energy is expected to drive the global carbon capture and storage market. Uprising in global demand to bring down carbon emissions owing to climate change threats, are augmenting the growth of the global CCS market.  Rising demand for global energy has fueled fossil fuel combustion, giving rise to greenhouse gases. CCS is the forefront viable technology which mitigates the greenhouse combustions and converts it into clean energy saving fuel costs and further combustions.

Globally, there 22 projects are in operational status and an additional 14 projects are anticipated to be functional in the fore coming years. CCS technology is a proven cost effective and efficient technology to bring down carbon emissions. Industry players are focusing on developing new and more efficient carbon capture technologies and processes such as Post Cap which is a post carbon capture technology. It’s basic foundation is on amino acid salt (AAS) solution which is used as solvent. This is finds use in coal-fired power stations and natural gas-fired power plants.

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Innovation companies are making break through progress to present innovative technologies to recycle CO2 and reduce greenhouse gas emissions are expected to encourage the carbon capturing and storage technology market across the globe.

The growing clean power technologies demand and the stringent regulations set by governing bodies of diverse nations for adhering to carbon emission norms are some of the critical factors driving market growth. Regulatory framework is still in a nascent stage to address the issues concerning CCS. This market requires a strong legal regulatory framework in order to deploy this technology for future benefits. CCS has gained reputation of being a unparalleled technology in combating fossil fuel emissions and efficient energy costs.

 Technology Insights

Pre-combustion capture technologies for carbon dioxide accounted for the major share owning 73% in 2015 and are estimated to observe growth in the forecasting period. Utilizing water gas shift reaction along with acid gas removal process is the current commercial trend that is practiced globally. On version of these reasons pre-combustion capture technology is assumed to control the capture sort segment in the nearby future.

An estimated growth of 15.6% is projected for post-combustion capture technology in the period 2015-2025. Improved energy generation coupled with advanced amine methods and heat mixing systems are likely to be the core reasons driving the demand for CCS market during the forecast period.

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Application Insights

EOR activities accounted for more than 80% of total global revenue in 2015. EOR techniques are finding rampant increase in applications owing to depleting conventional oil in resources. Volatile oil prices are expected to drive EOR operations across oil sites. Currently with the crude oil prices staying low, global EOR operations are seeing a decrease in activity but is expected to pick up in mid-2018.

Modern technologies utilizing carbon dioxide realized in the production stage are expected to foster the growth for CCS technologies in the near future. Growth in sectors such as petroleum refining, chemical and manufacturing are expected to further have a positive impact in this market.

Regional insights

North America CCS industry lead the global demand accounted around 60% of the complete market. Rigid controlling framework for cleaner surroundings tied with aggregate essential of carbon dioxide in EOR practices owed to increasing figure of matured oilfields remain estimated to be the main aspects motivating the industry saturation.

Asia Pacific CCS market is expected to rise at a CAGR of 16.4% between the period 2016 to 2024. The trending regional economies in the region such as China and India with countries such as Japan, Indonesia and Malaysia are targeting on cleaner environment resulting in accelerated economic growth in the areas thereby having a growth prospect in the carbon capture and storage market.

Competitive Insights

The carbon seizing and storing equipment market through the world is extremely competitive in countryside and is likely to grow concentrated in the upcoming next years. Key players in the CCS industry Aker Solutions, Shell CANSLV, Linde Engineering, Statoil, Sulzer, and Mitsubishi Heavy Industries.

Shale Gas Market Analysis by Size, Share, Growth Application and 2020

Market Insight:

Shale Gas Market is segmented into industrial, commercial, power generation, transportation, and residential. Owing to its low price compared to other fossil fuels, the market is anticipated to replace conventional sources such as coal, nuclear and hydro especially in chemical, fertilizer and hydrogel production industries.

The increasing need for energy and diminishing conventional gas reserves, the demand for unconventional sources such as CBM, shale gas, gas hydrates and tight gas has experienced a significant leap in the past decade. Shale gas is the form of natural gas derived from underground shale deposits through hydraulic fracturing and horizontal drilling. Shale gas is one of the popular conventional energy sources as it emits less carbon compared to other fossil fuels such as coal and hence, and hence is expected to become the major fuel replacing coal and other fossil fuels provided its production increases in the near future.

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Global conventional energy reserves are not able to fulfill the demand owing to developing per capita consumption of energy in developing countries majorly in Asia-Pacific. Till now, shale gas production is limited to North America such as Canada and U.S. In Asia Pacific region production started in 2015 as large shale gas reserves have been discovered. Foreign investors also have recently ventured the market along with entering into various mergers and acquisitions with companies to utilize the potential in this region.

The key factors driving the market are anticipated to be the abundance of shale gas globally however yet not matured reserves in several locations such as India and Indonesia, improved supply and distribution network, enhanced drilling technology and decline in prices of conventional energy sources. However, the involvement of higher capital investment for shale gas exploration and production, and other issues such as water contamination on hydraulic fracturing are expected to restrain the industry growth over the forecast period. Also, other environmental issues such as methane release owing to hydraulic drilling and public opposition have hindered the market mostly in the European countries such as Poland and France.

Also, various energy and government agencies globally have initiated many programs for developing and producing shale gas. Some of these agencies are Energy Information Administration (EIA) U.S., Gas Shale in Europe (GASH), German Research Centre for Geosciences (GFZ). Recently, countries such as China, Poland, Jordan and India have participated in the initiative program

.

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Application Insights:

Industrial, residential, commercial, transportation and power generation are the key application sectors. In 2013, power generation was the major application segment accounted for more than 30% of total volume of shale gas produced. The main factors driving product demand in this segment is the abundance and low carbon footprint of shale gas over coal and crude oil.

Environmental concerns and regulatory support for the use of conventional sources of energy is yet another factor to drive shale gas demand in this power generation industry. Industries in Canada and U.S. are slowly shifting their focus towards the utilization of shale gas replacing the conventional gases. Growing demand against LPG and CNG as the alternative transportation fuel is another important reason responsible for its increase in consumption in the past few years and this trend is expected to continue over the forecast period. This will develop transportation to be the fastest growing application with a projected at a CAGR of 10.8% from 2014 to 2020.

The commercial application of the market is also expected to grow at CAGR of around 5.3% from 2014 to 2020 to reach approximately USD 10 billion by 2020.

Regional Insights:

In the present industry scenario, Canada and U.S. are the major producers of shale gas. These two countries produced almost 92% of the total volume in 2013. Earlier to shale gas, U.S. was the largest importer of natural gas. Later on, owing to rapid production and exploration activities, U.S. emerged as the major exporter for the market followed by Canada estimated over 8.2% of the gas extracted in 2013.

China accounted 30 million cbf output by 2012 and increased its production to 200 million cbf till 2013. As per estimates, China has a huge amount of shale gas reservoirs and discovers great market potential. The Chinese government is also supporting tax leverage and financial benefits to the shale gas companies. APAC is anticipated to be the emerging market with a CAGR of over 66% from 2015 to 2020. Europe in more than 14 countries including Germany, Poland and France is also is also anticipated to increase production of shale gas over the forecast period owing to the abundant availability of reserves which are in the initial maturity stage.

Competitive Insights:

Global shale market is being dominated by top gas & oil producing multinationals spread through the value chain creating the market highly competitive. Key market players have already entered into various acquisitions, collaborations, joint ventures and partnerships to sustain the competitive market.

Some of the market leaders are Anadarko Petroleum Corporation, BHP Billiton, Exxon Mobil Corporation, Royal Dutch Shell, Reliance Industries Limited, Cabot Oil & Gas, SM Energy, and Talisman Energy Inc. among some other companies.

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Zero Emission Buildings Market Manufacturers, Regions, Type and Application, Forecast to 2025

Zero emission building (ZEB) Market is a residential or commercial building with significantly reduced energy needs through efficiency gains such that the balance of energy needs can be offered with renewable forms. On the basis of grid connectivity, the global zero emission buildings market is segmented into off grid and on grid zero emission buildings. Grid connected buildings revert surplus energy to the grid whereas off grid buildings preserve the surplus energy.

Buildings possess a significant effect on energy use and environment which sum up to more than 50% of energy usage by commercial and residential buildings. Energy consumed by construction sector continues to grow mainly because of new buildings are erected faster than the old ones. Conceptually, zero emission buildings points towards sustainable energy development with certain goals. The laid goals and the way they are defined stand crucial to the design process.

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At heart, a zero emission building is an illustration that enables the buildings to meet energy requirements from low-cost, locally available, non-polluting and renewable sources. At a certain level, zero emission buildings generate ample of renewable energy on site to equal or exceed its annual energy use. A grid connection enables necessary energy balances typically using traditional energy source such as electric and natural gas utilities when on-site generation does not meet the loads. Thus, achieving a zero emission building without a grid is impossible since the current generation of storage technologies stands limited. Commercially, the construction of zero emission buildings yields modern technology and right use of energy. With lots of consumer awareness for environment and strict norms for government, the global zero emission buildings market is anticipated to grow at a higher CAGR during the forecast period.

The key driving factors responsible for the zero emission buildings market includes stringent government regulations to minimize fossil fuel dependency. Also, the governments now encourage the deployment of greenhouse gas capture and storage option. Additionally, inception of several schemes inclusive of financial assistance schemes, tax benefit schemes and subsidies to endorse renewable energy source which is anticipated to fuel the market growth during the forecast period.

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On the basis of application, the global zero emission buildings market is segmented into commercial, residential and industrial zero emission buildings. Industrial segment is anticipated to grow during the forecast period owing to rise in infrastructure costs. On the basis of energy production technique, the global zero emission buildings industry is segmented into photovaltics and hybrid zero emission buildings.

On the basis of geographic segmentation, the global zero emission buildings market spans North America, Latin America, Europe, Middle-East, Asia-Pacific and Africa. APAC regions are anticipated to drive the market growth during the forecast period owing to rise in electricity demand along with rapid industrialization. Regions such as China, India, Singapore, Indonesia and Japan are the biggest spenders on infrastructure.

North American market dominates the global market owing to stringent regulation on carbon emission. Middle-East regions are expected to rise at a higher CAGR during the forecast period owing to modern technology and rapid growth in economy. African regions are anticipated to grow at a moderate CAGR owing to rising infrastructural developments and ongoing technological developments in urban parts of Africa. The key players in the global zero emission buildings market include Integrated Environmental Solutions (IES), Johnson Controls, SageGlass, Solatube, Integral Group, Kingspan, Lendlease and The Rockwool Group, Schneider Electric, Siemens AG, ABB, Honeywell, and Pacific Controls.

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Advanced Battery Technologies Industry 2018 Global Market Growth, Trend, and Forecast to 2025

Advanced Battery Technology under its expansive coverage consists of lithium-ion batteries, lithium-iron phosphate market. A lithium battery is by far the best battery in advanced battery market. Market drivers for growth of advanced battery technologies market include the benefits reaped by lithium-ion batteries in terms of energy efficacy and considerable cost-savings. Advanced batteries are one-upping on conventional batteries in powering electric vehicles owing to their longer shelf-life, compactness and energy efficacy, a potential market driver for growth of advanced battery technologies market.

Limitations in material design consideration do not reflect a robust picture and steps have to take to address these problems in order to cope up with energy specifications required in electric cars, consumer electronics, wearable and electric boats and aircrafts. Lead Acid and lithium-ion batteries will hold fort for the next ten years but advanced and post-lithium batteries will make a significant impact on the market once the underlying conditions are met. Segmentation by Large and advanced battery systems comprises lead acid batteries and Ni-Cd batteries.

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Segmentation by second-generation large and advanced battery systems comprises Ni-metal hydride batteries, Li-ion batteries and lithium polymer batteries. Segmentation by specialty large and advanced battery systems include silver-zinc secondary batteries, silver cadmium batteries, Nickel Hydrogen Secondary batteries, Ni-Zn batteries and metal air batteries. Developmental large and advanced battery technologies systems market include sodium sulfur batteries, high-temperature lithium batteries, redox and flow batteries, Nickel-Iron batteries, Calcium Metal sulphide batteries, sodium-chloride batteries and lithium sulfur batteries.

Future prospects with presence in the high-growth areas represent a potentially augmented market for the advanced battery technologies. New variants of advanced batteries have been ushered in the market including nickel-metal hydride and zinc-air prototypes. Microelectronic charger technology and battery charger control technology and clean room technology have brought into focus, a new breed of batteries belonging to lithium-ion and lithium polymer jeopardizing future prospects for Nickel-Cadmium (Ni-Cd) and portable lead acid batteries.

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Advanced batteries are a notch higher than traditional batteries with limited applications and a sea of opportunities exists for advanced battery technology market. With state-of-the art inventions such as lithium phosphate, sodium phosphate and sodium sulphur labeled as the new lithium-ion compositions, the current crop of lithium-ion designs are biting dust. Giant sodium sulfur batteries are being commissioned by electric utilities. 2008 and 2009 saw recessionary forces including lower gasoline prices that abruptly ceased the growth of nickel metal battery-powered Hybrid Electric vehicles (HEV’s) with Chrysler and GM throwing in the towel.

Key industry players include GS Yuasa Corp, Johnson Control Inc, LG Chem Ltd, Panasonic Corp, Samsung SDI Co Ltd and Sanyo Electric Co Ltd., ABSL power solutions Ltd and Advanced Battery Systems Inc., ALcad Ltd, all power battery Ltd, American Electric power, Antique Auto Battery, Anzode Inc, Apple Inc, Applied Power Inc, Arotech Corp, Hong Kong High Power Technology Ltd, Concorde Battery Corp, Covalent associates Inc, Magna International Inc and Atlantic Battery Co Ltd.

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Flue Gas Desulfurization (FGD) Market Growth Prospect Mapping and Restraint Analysis by 2012-2020

Industry Insights

The global Flue Gas Desulfurization Market was valued over USD 6.86 billion in revenue in 2013. The market demand is expected to witness growth due to rising consumption of fossil fuels in electricity generation. Stringent government regulations about emission of harmful gases are expected to have a positive impact on market growth.

Fossil fuels are burned to generate energy, which produces around 95% of the sulfur dioxide (SO2) gas in standard temperature conditions. Flue gas desulfurization process removes sulfur dioxide (SO2), which is generated by combustion of fossil fuels such as oil and coal. FGD technology has gained more importance owing to rising air pollution due to excess emission of SO2 gas during combustion processes. Growing need for electricity and rapid industrialization in developing economies is likely to propel the FGD market over the forecast period. Technological advancements coupled with decreasing FGD system capital costs can also act as an opportunity for the participants.

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Disposal of waste generated in FGD processes leads to increase in the maintenance and operation cost of FGD systems. The availability of alternative methods such as THIOPAQ, fluidized bed combustion, and hydro desulfurization is anticipated to act as a restraint to the FGD market over the forecast period.

Technology Insights

The FGD market has been segmented on the basis of technology into wet and dry FGD systems. Wet FGD systems accounted for a market revenue of over USD 6.0 billion in 2013 and are expected to witness market growth due to low maintenance costs and higher efficiency. In dry systems, the SO2 removal involves reagents such as limestone and lime are directly injected into flue gas whereas in wet systems reagent is mixed with water to remove SO2.

Application Insights

FGD market includes application segments such as new FGD systems and reagents & replacements. Growing electricity demand in developing economies on account of urbanization and rapid industrialization is expected to boost the market growth of new FGD systems. Growing usage of reagents like sodium hydroxide, dibasic acid, and limestone in sulfur dioxide extraction is likely to drive the demand for this application segment over the forecast period.

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Regional Insights

Asia Pacific dominated the FGD market in 2013 by accounting over 50% of market share due to a presence of a large number of fossil fuel power plants. The growing chemical and iron & steel industry in the region are expected to drive market growth. The stringent government regulations regarding air pollution are expected to result in increased demand for FGD systems over the forecast period.

In 2013, Europe and North America together accounted over 40% market share. The market is driven by growing application of new FGD systems. Replacement of outdated parts in FGD systems in old power plants is anticipated to drive market demand over the forecast period. Competitive Insights

Key players in the FGD market are Lonjing Environment Technology Co. Ltd., Marsulex Environmental Technologies, Hitachi Power Systems America Ltd., Chiyoda Corporation, China Boqi, Mitsubishi Heavy Industries, Hamon Research-Cottrell, Ducon Technologies Inc., Thermax, Siemens Energy, Babcock & Wilcox, and Alstom S.A. Joint ventures, new contracts, acquisitions, expansions and new product launches are the key strategies adopted by the industry participants to achieve growth.

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Battery Recycling Market Capacity Estimates and Industry Forecast by 2014-2025

The global Battery Recycling Market size was valued at USD 8.74 billion in 2016 and is anticipated to reach USD 21.04 billion by 2025, with a CAGR of 10.4%. Stringent government regulations coupled with a progressive environment to pursue factors related to reduction in emission of formidable greenhouse gases and compliance with environmental protection and conservation is proving to be a growing impetus for battery recycling market. Spent batteries pose immense health hazards and impair the ecosystem significantly and coupled with government recognizing the need for implementing initiatives in order to recycle batteries are constructive drivers to the market.

Successful JV’s between profitable ventures and NGO’s in collaboration with leading automobile manufacturers has boosted the battery recycling market. Battery recycles market still being in nascent stage and giving leverage to technological advancements comprising new entrants and small players descending on the market with high capital investments notwithstanding, market is surging forward thanks to growing incentives from government and environmental institutions.

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Mergers and Acquisitions (M and A) have also incremented sales forecasting impressive sales figures with concurrent business expansions leading to satisfied customers. Restraints, owing to ignorance of discerning populace in relation to battery recycling and environmental constraints with regard to battery disposal exists, with the awareness level of industries continuing to be strong thanks to the application of recycled battery in electronics and automotive sectors.

Based on battery source, Battery recycling market is segmented into automotive, electronic appliance and others. Based on chemistry, battery recycling market is segmented into lithium ion, lead acid and Nickel Cadmium (Ni-Cd). Based on end-use, the classification comprises extraction of material, repackaging, reuse and second life, disposal.

Region-wise segmentation includes North America, Europe, Asia Pacific, MEA and Latin America. The automotive sector in battery recycling market continues to enjoy wide popularity in the spent battery source segment during the forecast period and hence is a confirmed market leader in the battery recycling market. A proportionately high figure of lead acid batteries conventionally employed in vehicles and displaying a pre-disposition towards the recycling industry has given rise to battery recycling market which has boosted the market.

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As a news article dated Jul 2016 puts, a record 7.3 million pounds worth of single use and rechargeable batteries have been recycled in 2016. This corresponds to an excess of 115 million batteries being diverted from Canadian and U.S landfills and being put to recycle over the past 20 years. As news article dated Mar 2016 puts in print, the actual amount of waste batteries collected in 2015 exceeded 14,879 tons and a significant drop is observed in last quarter of the year totaling 4,022 tons. The amount noticed was in a ratio of 2507 tons for lead acid batteries to 125 tons with Ni-Cd batteries.

The news also lets out that recycling target can be attached to only portable batteries and UK has significantly raised the portability bar to 4Kg and in accordance with this stipulation, waste batteries weighing more than 4Kg cannot be termed as portable. The key industry players include battery Solutions LLC, Call2Recycle, Inc., EastPenn Manufacturing Co, EnerSys, Exide Technologies, G and P Batteries, Gravita India Ltd., Johnson Controls, Inc., Retriev Technologies, Inc., and UmiCore N.V.

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Gas Turbine Market Growth, Share, Demand, Trends, Size and Forecast 2020

The global Gas Turbine Market size was valued at USD 18.86 billion in 2015 and is anticipated to reach USD 30.08 billion by 2025. Gas turbines are internal combustion (IC) engines in which the warm gases produced on account of burning of an air-fuel mixture which then spins the blade of a turbine and creates power. This is a whole cycle of exchanging waste heat into steam by heat recovery systems. The utilization of gas turbines was initialized in 1939. Gas turbines are extensively used for power producing technologies. It can use a range of fuels, including natural gas and oil synthetic fuels. Combustion happens endlessly in gas turbines, as contrasting to reciprocating IC engines, in which combustion occurs sporadically.

This market is expected to be driven by a number of factors owing to, large number of incomplete projects and advancements in the power generation sector along with the increasing demand for mobility services coupled with industrial products. Gas is the cleanest fossil fuel, and is being used extensively to assist intermittent production from renewable sources. Moreover, this industry faces some drawbacks, such as growing ecological concerns and the policy restrictions on fossil-fuel using power plants coupled with growing renewable energies. These reasons are expected to pose a challenge for the industry over the forecast period.

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On the basis of main application of the market can be segregated into six sectors, which include oil & gas industry, mobility, power generation, food processing, pulp and paper and petrochemicals and aircraft propulsion systems. Aircraft propulsions systems are expected to generate maximum revenue over the forecast period. On the basis of region this market can be segregated into Asia Pacific, North America, Europe and Rest of the World. North America is expected to have the largest share of revenue over the forecast period owing to its large consumer base.

 It is followed by Europe. Asia Pacific is expected to grow rapidly over the forecast period owing to emerging economies in this region. Emerging economies such as India and china are expected to fuel growth of the industry China is expected to decrease its reliance on coal, and is increasing its focus on renewable installed capacity and gas, making it as a key market for gas turbines over the forecast period.

Gas power production in China is still at an in troduction stage, but with development in the gas infrastructure it is expected to grow rapidly. India is also growing its focus on use of cleaner resources. Price sensitivity in this area is expected to hinder the growth over the forecast period. On the basis of power plant installed capacity this market can be segregated into 351-750 MW, 1 -120 MW, 121-350 MW and above 750 MW. On the basis of configuration this market can also be segregated into turbofan, turboprop, and turbojet and turbo shaft. On the basis of operations this market can be segregated into gas cycle, co-generation cycle and combined cycle. Gas cycle section is expected to have the largest share in terms of revenue over the forecast period owing to its very low operating cost and high efficiency.

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Some of the key players in the market are Allison Engine Company, MTU Aero Engines, Snecma, Solar Turbines, Zorya-Mashproekt, Turbomeca, Siemens Energy Sectorm, International Aero Engines, Price Induction, Ruston, Avio, NYE Thermodynamics Corporation, Centrax Gas Turbines, Wood Group, Ansaldo Energia and Snecma and others. The market relevance is increasing day by day since the trend in energy consumption is increasing which indicates great market opportunity for gas turbines companies in this market. The major companies are expected to dominate the market over the forecast period owing to their continuous efforts intended to design and focus on new product development as per the increasing consumer demand.

In the past few years, there have been a number of mergers and acquisitions where smaller enterprise is being taken over by multinational corporations and have been focusing research and development activities and thus increasing their core competencies. Most companies have direct sales and they try to net work their sales representatives and distributors for balancing their sales. Companies in this market are trying their best to comply with regulations that have been demanded by their equipment consumers. Their end user varies from range of industry. This type of turbine is highly efficient in terms of emission regulations laid by the government. This market is expected to become highly competitive over the forecast period owing to the fact that this market is about to become totally innovation driven. Each company are focusing on developing efficient products by incorporating new technology.

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