Circuit Breaker Market to reach a valuation of more than US$ 8 Billion by 2022

According to the new market research report "Circuit Breaker Market by Voltage (Medium Voltage, and High Voltage Circuit Breakers), End-User (Transmission & Distribution, Renewable, Power Generation, and Railways), Type (Outdoor, and Indoor), and Region - Global Forecast to 2022", published by MarketsandMarkets™, The global circuit breaker market is projected to reach USD 8.68 billion by 2022, from an estimated USD 6.85 billion in 2017, growing at a CAGR of 4.85%, from 2017 to 2022. The market in Asia Pacific was the largest in 2016 and is projected to hold the largest share by 2022, followed by the markets in North America and Europe. The growth of the circuit breaker market is driven by increasing access to electricity in developing countries, growing renewable power generation projects, and increasing construction and developmental activities.

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Aging power infrastructure, increasing high voltage direct current (HVDC) transmission networks, and upcoming smart cities are expected to create new opportunities for circuit breaker companies. Moreover, the governments of most countries are investing in renewable energy-based power generation to meet the growing energy demand. All these factors are likely to drive the circuit breaker market during the forecast period.

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The high voltage segment is estimated to be the fastest growing circuit breaker market, by voltage, from 2017 to 2022. This segment is expected to witness growth due to rapid industrialization and urbanization. Aging power infrastructure leading to the modernization and upgradation of existing high voltage electrical grids and power plants is also a key factor driving the growth of the high voltage circuit breaker market.

Asia Pacific: the leading market for circuit breaker
In this report, the circuit breaker market has been analyzed with respect to 5 regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The market in Asia Pacific led the global circuit breaker market in 2016. Increasing grid investments especially in developing economies such as China and India and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines are expected to drive the circuit breaker market in Asia Pacific. Indonesia aims to achieve a 90% electrification rate by 2025 and countries such as the Philippines and Malaysia have similar plans. Growing investments in smart grid technologies such as distribution grid automation, smart meters, and demand response systems in Japan, South Korea, and Australia, among other countries, would create opportunities for the circuit breaker market in Asia Pacific.

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The circuit breaker market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the circuit breaker market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Hitachi (Japan), Toshiba (Japan), Schneider Electric (France), and Mitsubishi (Japan).

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Thermal Energy Storage Market worth $6.20 Billion by 2022

According to the new market research report "Thermal Energy Storage Market by Technology (Sensible, Latent, and TCS), Storage Material (Water, Molten Salt, and PCM), Application (Power Generation, District Heating & Cooling, and Process Heating & Cooling), End-User, and Region - Global Forecast to 2022", published by MarketsandMarkets™, The thermal energy storage market is expected to grow from an estimated USD 3.67 Billion in 2017 to USD 6.20 Billion by 2022, registering a CAGR of 11.0% from 2017 to 2022.

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The global Thermal Energy Storage Market is witnessing a significant growth due to rising impetus on renewable energy generation such as concentrated solar power, increasing demand for thermal energy storage systems in HVAC, and government incentives for thermal energy storage systems.

The report segments the thermal energy storage market based on technology into sensible heat, latent heat, and Thermochemical Storage (TCS). The sensible heat thermal energy storage market is expected to dominate the global thermal energy storage market by 2022. It is driven by installation of molten salt based thermal energy storage systems being installed in Concentrated Solar Power Plants (CSP).

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Molten salt is expected to hold the largest market share of the thermal energy storage market, by storage material, during the forecast period
The molten salt based thermal energy storage segment is expected to hold the largest share in the thermal energy storage market during the forecast period. Molten salts have high boiling points, low viscosity, low vapor pressure, and high volumetric heat capacities. A higher heat capacity corresponds to a smaller storage tank volume. Molten salt can function as a large-scale thermal storage method that would allow other energy sources, such as solar, to become more feasible by smoothing out the fluctuations in demand and weather. Looking to the future after depleting carbon-based fuel, the successful demonstration of molten salt storage for solar power, provides an edge for tapping into the desert areas to meet power demands. The Middle East & African market is driven by the implementation of concentrating solar projects based on molten salt storage material.

The Middle East & Africa is the largest market for thermal energy storage
In this report, the thermal energy storage market has been analyzed with respect to four regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Middle East & Africa is estimated to be the largest market for thermal energy storage by 2022. Heat thermal storage and molten salt thermal storage are major technology types employed in South Africa. Majority of thermal storage projects are present in Northern Cape in the country. South Africa is endowed with enormous solar and wind resources. This will drive the thermal energy storage market in the country during the forecast period.

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Ice Energy (U.S.), Calmac (U.S.), DN Tanks (U.S.), Abengoa Solar (Spain), SolarReserve, LLC (U.S.), and Burns & McDonnell (U.S.) among others are few leading players in the thermal energy storage market.

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Directional Drilling Services Market expected to reach $10.30 Billion by 2021

The Directional Drilling Services Market is expected to grow from an estimated USD 8.33 Billion in 2016 to USD 10.30 Billion by 2021, at a CAGR of 4.34% from 2016 to 2021. Directional drilling is the practice of controlling the trajectory and deviation of the well during drilling operations, along a planned path to explore the oil from a targeted position in the typical geologic structural oilfields. Increasing demand for energy due to urbanization & industrialization, ongoing shale gas revolution and new oilfield discoveries are the major factors driving the market for directional drilling across the globe.

the directional drilling services market in this report has been classified based on the following segments, namely, rotary steerable system (RSS), Logging While Drilling (LWD), Measurement While Drilling (MWD) & survey, motors and others (includes directional drilling technologies and systems such as well bore positioning, automated drilling systems, side tracking, well planning, hydraulics, torque, and drag analysis). The RSS segment dominated the directional drilling services market in 2016 due to the increase in the horizontal drilling activities associated with the development of shale gas mainly in countries such as China. According to the 12th five year plan in China, the country planned on increasing its natural gas consumption to 9,200 Bcf by 2015 as it looks to replace coal as a chief energy source. Hence, the market size of the RSS is the largest.

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North America is expected to Lead the Directional Drilling Services Market By 2021
North America is currently the largest market for directional drilling services, and the Middle East is projected to grow at the highest CAGR during the forecast period. In North America, most of the directional and horizontal wells are drilled in onshore reservoirs. In North America, the growth of the directional drilling services market can be attributed to factors such as ongoing shale gas developments in countries like U.S. and Canada. U.S. accounted for the majority share in North America in 2016. Technological advancements in drilling (long-reach horizontal well bores) and completion techniques (multi-stage hydraulic fracturing) are increasing the outlook for the supply of crude oil in North America. The figure given below shows the regional scenario of the directional drilling services market from 2016 to 2021.

To provide an in-depth understanding of the competitive landscape, the Directional Drilling Services Market includes profiles of companies namely Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International plc. (Switzerland), National Oilwell Varco, Inc. (U.S.), Nabors industries ltd. (Bermuda), Cathedral Energy Services Ltd (Canada), Jindal Drilling & Industries Limited (India), General Electric Oil & Gas (U.K.), Gyrodata (U.S.), Scientific drilling international (U.S.), LEAM drilling systems LLC, among others.

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Utility Drones Market to exceed $538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023

The global Utility Drones Market is projected to reach USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Drones that are mainly used for utilities inspection, survey, and asset management are called utility drones. In 2017, North America was the largest market for utility drones, followed by Asia Pacific and Europe. Growing demand for minimizing outages related to transmission and distribution infrastructure, cost efficiency, and reachability in hazardous locations are the major factors driving the utility drones market.

The renewable segment is estimated to grow at the fastest rate during the forecast period. Increasing investments in renewable energy sources to curb CO2 emissions across the world is the major factor driving the growth of the renewable segment of the utility drones market. The International Energy Agency’s (IEA) has predicted high growth of the renewable segment by 2022, with capacity estimated to expand by over 920 GW.

“North America: The largest market for utility drones”

North America is estimated to be the largest market for utility drones in 2018 and is projected to grow at the highest CAGR during the forecast period. Continuous investments in power infrastructure, increasing power consumption, and subsequently increasing focus on renewable power generation are the key factors driving the growth of utility drones in the region. The US accounted for the largest share of the utility drones market in North America in 2017 and has the highest CAGR during the forecast period. Almost all the countries in the region are augmenting their renewable generation capacities. The need of monitoring extra connections in linking solar and wind parks to grids, is forcing utility companies to adopt much more advanced technology for maintenance and inspection of assets.

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Moreover, the region plans to increase renewable power generation by 45% by 2025, according to EIA’s Annual Energy Outlook 2016. In June 2016, the US, Canada, and Mexico entered into an agreement and established a goal of 50% electricity generation from clean energy sources by 2025. All these factors are expected to drive the utility drones market in North America during the forecast period. Thermal Aerial Surveillance Drone Utility has thermal and video cameras with 3-axis gimbals stream images in real time. This type of utility drones provides safe monitoring and inspecting temperature-related problems.

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A few global players dominate the utility drones market. The key players operating in the utility drones market are Cyberhawk (Scotland), Delair (France), Measure (US), PrecisionHawk (US), and HEMAV (Spain). The other players in the market are Aerodyne (England), Asset Drone (US), ABJ Drones (US), Terra Drone (Japan), Sky-Futures (England), Sharper Shape (US), Sky Scape (US), and ULC Robotics (US).

Electric Insulator Market worth $13.34 billion by 2023

The Electric Insulator Market is expected to grow from an estimated USD 10.17 billion in 2018 to USD 13.34 billion by 2023, at a CAGR of 5.58%. Increasing investments in T&D networks, refurbishment of the existing grid networks, and growing adoption of renewable energy sources across the globe are likely to drive the electric insulator market. Increasing investments in smart grid projects and growing demand for HVDC transmission projects can lead to opportunities in the electric insulator market.

The ceramic segment is expected to hold the largest share of the electric insulator market, by type, during the forecast period.

The ceramic segment led the electric insulator market in 2017 and is projected to have the largest market share during the forecast period. Ceramic insulators can perform in rugged environments with minimal leakage and provide optimum mechanical strength with considerable stress resistance. Ceramic insulators are less expensive, have a longer life, and are easy to manufacture. Many manufacturers are present in the market, thereby resulting in a higher market share of ceramic insulators compared to composite insulators.

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The low segment is expected to hold the largest share of the electric insulator market, by voltage, during the forecast period.

The low voltage segment led the electric insulator market in 2017 as these types of insulators are mostly used in residential applications and across various industries such as chemical plants, food & beverage, cement, steel manufacturing, and other industries. Increasing industrialization and urbanization is one of the major drivers for the growth of the low voltage segment during the forecast period. Factors such as increasing demand for electricity, rising power generation capacity, and increasing usage of renewable sources to generate electricity are expected to boost the demand for the low voltage segment.

Asia Pacific: The leading market for electric insulator market
In this report, the electric insulator market has been analyzed with respect to 6 regions, namely, Asia Pacific, North America, Europe, South America, and Middle East & Africa. The Asia Pacific led the global electric insulator market in 2017. The high growth rate in the Asia Pacific region can be attributed to increased investments in the smart grid infrastructure development, T&D spending, growing reliance on renewable sources of power generation, and construction and infrastructural activities in the recent past. China and India are the largest markets for electric insulators in the region. China accounts for the largest share owing to the large-scale rollout plans. The country accounted for the highest installed generation and distribution capacity in the Asia Pacific region, resulting in an increased demand for electric insulators.

Some of the top players in the electric insulator market are ABB (Switzerland), GE (US), Siemens (Germany), Toshiba (Japan), and Aditya Birla (India).

Attractive Opportunities in the Gas Engines Market by 2022

The Gas Engine Market is expected to grow from an estimated USD 3.54 Billion in 2017 to USD 4.76 Billion by 2022, at a CAGR of 6.12%, during the forecast period. This growth can be attributed to the increased demand for new gas-fired power plants in developing regions and the replacement and refurbishment of existing power plants in developed countries. The growth will be mainly driven by an increase in the demand for clean power generation across globe.

Power generation is leading the global gas engine market and trend is expected to continue during the forecast period. Manufacturing plants, commercial buildings, public buildings, and utilities are mainly deploys gas engine for power generation application. The gas engines are suitable for base load, grid support, combined cycle, peak shaving, and distributed power generation applications. The market for gas engine for power generation is mainly driven by the growing demand for global power requirement, especially in regions such as Europe, the Americas and Asia Pacific. Co-generation application segment is expected to grow at high CAGR during the forecast period. The growth of co-generation application is mainly attributed to the increasing installed capacity of gas fueled CHP power plants in cold climate countries.

Gas Engine Market segmented by end user into Utilities, manufacturing, oil & gas, and others which include commercial complex, hospitals, wastewater treatment plants and greenhouse. The utilities segment is leading the gas engine market. Utilities mainly deploy the gas engines for the base load and peak load power generation. Falling natural gas prices and improved natural gas distribution network are driving the growth of the utilities segment.

“Europe: The largest market for gas engine”

The European market is currently the largest gas engine market, followed by the markets in North America, Asia Pacific, and the Middle East & Africa. The European market is projected to grow at a higher rate due to stringent environmental norms which led to the use of renewable resources such biogas, landfill gas, and sewer gas for power generation. The second key factor that would drive the European market is attractive policy offerings by the European Union for the development of gas-fired power plants, especially special gas power plants.

The gas engine market is dominated by a few major players that have a wide regional presence and are established brand names. The leading players in the Gas Engine Market include General Electric Company (US), Caterpillar, Inc. (US), Wärtsilä Corporation (Finland), Rolls-Royce Holdings plc (UK), and Cummins Inc. (US).

Booster Compressor Market: Huge Growth Opportunities | Industry Trends | Market Analysis & Global Forecast to 2023

The Booster Compressor Market is expected to grow from an estimated USD 1.92 Billion in 2018 to USD 2.39 Billion by 2023, at a CAGR of 4.50% during the forecast period. The booster compressor market is primarily driven by the growing investments in oil & gas exploration and increasing industrialization in developing economies. In addition, the modular design and the lower cost of booster compressors will drive the demand of the booster compressor market.

The oil & gas segment is expected to hold the largest share of the booster compressor market, by end-user, during the forecast period

The oil & gas segment led the booster compressor market in 2017 and is projected to dominate the market during the forecast period. The booster compressor market for the oil & gas industry is driven by the growing investments in the industry. The investments are made in both upstream and midstream markets. The investment is driven by the growing demand for oil & gas in countries such as India and China. Booster compressors are used in different applications in the upstream and midstream industries such as hydrocarbon blanketing and gas boosting in the compression station. Thus, growing investments in the oil & gas sector create demand for booster compressors.

Air-cooled segment is expected to be the fastest growing cooling type market

The air-cooled segment is expected to be the fastest growing cooling type market during the forecast period. The market for air-cooled booster compressors is primarily driven by the technical advancements in the cooling technology. The new air-cooled booster compressors are available in forced ventilation package. Due to the forced ventilation system, the energy loss from the motor is less, which increases the efficiency of the compressor even at high pressure. The air-cooled booster compressor is more cost-effective than the water-cooled booster compressor. These factors are driving the growth of the air-cooled booster compressor market, during forecasted period.

Asia Pacific: The leading market for booster compressors

Asia Pacific is projected to be the largest market for booster compressors during the forecast period. The major economies in the region such as China, India, and Australia are investing in the oil & gas industry in order to reduce their imports and meet their growing demand for oil & gas. The rising demand for oil & gas is attributed to the rapid industrialization in the region. The demand for natural gas in the region is increasing as countries such as China are diversifying their energy mix and moving toward natural gas to be used as a source for power generation. In addition, the petrochemical market in the region is rising driven by the growing oil & gas investments in the region. Booster compressors are used for different applications in this industry such as drilling activities in the oil & gas industry and air separation in the petrochemical industry. The growing investments in this industry is driving the booster compressor market in the region.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the booster compressor market. These players include Atlas Copco (Sweden), Ingersoll Rand (Republic of Ireland), Kaeser Kompressoren (Germany), SAUER Compressor (Germany) and BAUER Kompressoren (Germany).

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Offshore Support Vessel Market Booming with Increasing Focus on Oil & Gas Production at Offshore Fields

The Offshore Support Vessel Market is expected to grow from an estimated USD 20.06 Billion in 2018 to USD 25.66 Billion by 2023, at a CAGR of 5.04%, during the forecast period. The market is set to witness growth due to the ongoing offshore activities across the US, China, Brazil, and the North Sea, as well as the increasing focus on deepwater fields. Offshore exploration and production investments in the Middle East and the Asia Pacific regions would also help in the growth of the market.

The market in Asia Pacific is estimated to be the largest market for offshore support vessels, followed by Europe and North America in 2018. This trend is expected to continue until 2023. Also, the North American market is projected to be the fastest-growing market during the forecast period. The growth of the offshore support vessel market is driven by rising offshore investments in the US and the Gulf of Mexico, and a focus on the potential deepwater discoveries in the US.

The shallow segment is the fastest-growing market during the forecast period and is projected to dominate the market during the forecast period. The application of offshore support vessels in shallow water projects is estimated to lead the market, both in terms of market value and growth. The shallow water basins in Asia-Pacific, Europe, and North America will play a major role in driving the offshore support vessel market. Shallow water operations are typically less expensive compared with deepwater operations. Thus, recovering oil prices will lead to a faster increase in offshore activities in shallow water basins compared with deepwater ones.

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The growth of the market is also attributed to the increase in exploration activities in ultra-deepwaters and the Arctic region, in countries such as the US, Canada, and Norway. Also, a growing focus on the European Union’s (EU) renewable energy targets for 2020 would result in increasing the demand for offshore wind energy in Europe. Thus, the growth in deployment of offshore wind farms would be the opportunity for the offshore support vessel market during the forecast period. Over supply of offshore vessels act as restrain for the growth of the market during the forecast year

The oil & gas segment of the offshore support vessel market, by end-user, is estimated to have the largest market share, by value, in 2018. Countries such as China, India, Malaysia, Thailand, and Australia, have increased their exploration and production activities in offshore areas in the recent past, which will help the oil & gas offshore support vessels market to grow during the forecast period.

The Asia Pacific market was estimated to be the largest market, by value, for offshore support vessels in 2018, driven largely by China. Stabilizing oil prices have already led to oil & gas operators increasing exploration and production spending in the Chinese offshore market, with capital expenditures allocations estimated to resume steadily The market for offshore support vessels in North America and the Middle East regions is also expected to grow during the forecast period due to the growing focus on developing offshore reserves to replace maturing onshore fields.

The offshore support vessel market is dominated by a few global players. The key players in the offshore support vessel market include integrators such as Bourbon (France), Seacor Marine (US), Swire Group (Hong Kong), Tidewater (US), Gulfmark Offshore (US), Havila Shipping ASA (Norway), Hornbeck Offshore Services (US), The Maersk Group (Denmark), and Siem Offshore (Norway).

Transformer Monitoring System Market - Global Industry Analysis & Forecast to 2021

The transformer monitoring system market is expected to grow from an estimated USD 1.47 Billion in 2016 to USD 2.68 Billion by 2021, registering a CAGR of 12.77% from 2016 to 2021. The global market is witnessing significant growth due to digitalization of utilities, renewable investments, and smart grid initiatives. Digitalization of utilities is the major factor driving the demand for transformer monitoring solutions. Increased renewable investments have additionally generated the demand for transformer monitoring solutions.

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The transformer monitoring system market has been categorized into distribution transformers, power transformers, and others. Others include generator transformer and specialty transformer. The power transformer segment accounted for the largest market share in 2015, which is attributed to government regulations targeting the monitoring and control of the transmission networks. These transformers operate on high voltages, and therefore, it becomes extremely vital to monitor them regularly as against time-based monitoring and maintenance.

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Key Market Drivers:

•         Digitalization of the Power Utilities
•         Growing Renewable Investments
•         Smart Grid Initiatives        

The transformer monitoring system market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected to be the largest market for transformer monitoring solutions; the region has the most number of developing economies with high capacity addition planned during the forecast period. Utilities are expected to adopt monitoring solutions as part of their plans for installing new transformers. Moreover, countries such as India and China have invested heavily in smart grids, in turn boosting the demand for transformer monitoring solutions.

some of the leading players in the transformer monitoring system market include ABB Ltd. (Switzerland), Eaton Corporation Plc. (Ireland), General Electric (U.S.), Schneider Electric (France), and Siemens AG (Germany).

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Exploration and Production Activities in the Deep & Ultra-Deep Water across the Globe will Boost the Growth of Mooring Systems Market

The global mooring systems market is expected to grow from USD 1.58 Billion in 2015 to USD 1.89 Billion by 2020, at a CAGR of 3.7%. The market is driven by rising demand for oil & gas, which is met by increasing investments in emerging economies with proven oil & gas reserves preferably in Deepwater & ultra-Deepwater locations.

In the mooring systems market by application, FPSO occupies the lions share and TLP is expected to grow at the highest pace.
The applications market is subsegmented into FPSO’s, TLP, SPAR, semi-submersible, and the upcoming technologies such as FLNGs. The application FPSO occupies the major share of the market and the TLP is estimated to see high growth rate during the forecast period. The harsh, rigid, and hurricane prone area in the Gulf of Mexico makes TLP a popular choice for the installation on the tension leg platforms. Furthermore, the world’s first FLNG, which is expected to enter the market in 2016 would drive the market for mooring systems, particularly in the Asia-Pacific region.

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Single point mooring systems estimated to drive the mooring systems market with highest growth rate.
On the basis of mooring types the following are the subsegments namely single point mooring, spread mooring systems, tendon mooring, and dynamic positioning. Out of the mentioned, single point mooring occupies the major share, which is due to the applications in the FPSO’s. Single point mooring allow the vessels to weathervane and are capable of utilization in the mild to extreme offshore conditions. Dynamic positioning is utilized in semi-submersibles and FPSOs, but is comparatively in their nascent stage of developments.

Asia-Pacific is estimated to be the global leader in the mooring systems market by value for the next five years.
Recent discoveries of oil & gas in the offshore basins in Australia, Gulf of Thailand, and South China Sea and high demand from China and India are expected to drive the exploration and production activities in the region, thereby pushing the mooring systems in this region. Asia-Pacific is among the largest consumers of oil & gas following North America. This demand will lead to more exploration and production in the region. However, Africa is estimated to attract more investments due to liberal regulatory policies and is expected to witness the highest growth.

The mooring systems market, in terms of developments was dominated by Modec Inc. (Japan), Bluewater Holding B.V. (Netherlands), Cargotec Corporation (Finland), Delmar Systems, Inc. (U.S.), and Timberland Equipment limited (Canada) in 2014.

North America Pressure Pumping Market to be at Forefront in Oil and Gas Industry by 2021

The North America pressure pumping market was expected to grow from an estimated USD 26.29 Billion in 2016 to USD 29.94 Billion by 2021, at a CAGR of 2.6%. The North American pressure pumping market is set to witness growth, due to increased fracturing and re-fracturing activities in the U.S. as well as Canada and the auction of shale fields in Mexico in 2017.

The horizontal wells segment is expected to hold the largest share of the North America pressure pumping market, by well type, during the forecast period

The horizontal wells segment led the North American pressure pumping market in 2015 and is expected to grow at the fastest rate during the forecast period, owing to the increasing shale gas plays in the U.S. and Canada. This segment is primarily driven by ongoing shale plays in the U.S. & the auction of shale gas fields in Mexico in 2017 and is expected to create new revenue pockets for the North American pressure pumping market during the forecast period.

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Hydraulic fracturing to be the largest segment in the North America pressure pumping market

With regards to the service type segment, hydraulic fracturing service segment in the North American pressure pumping market was expected to be the largest market in 2016. The increasing rate of hydraulic fracturing in oil sands in Canada along with the auction of shale gas fields, expected to take place in Mexico, is anticipated to fuel the growth of the North American pressure pumping market.

U.S.: The leading market for North American Pressure Pumping

In this report, the North American pressure pumping market has been analyzed with respect to three countries, namely, the U.S., Canada, and Mexico. The U.S. is expected to dominate the North American pressure pumping market, given large number of ongoing shale plays in the country. Also, the low payback period is driving the U.S. market for pressure pumping services.

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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the North American pressure pumping market. These players include Halliburton (U.S.), Baker Hughes (U.S.), Schlumberger (U.S.), and Weatherford (Switzerland).

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Smart Meters Market – Industry Analysis & Global Forecasts to 2022

The smart meters market is expected to grow from an estimated USD 12.79 Billion in 2017 to USD 19.98 Billion by 2022, registering a CAGR of 9.34% from 2017 to 2022. The global market is witnessing a significant growth, which is driven by government policies, energy conservation, increasing smart grid deployment, and utilities urge to enhance distribution efficiency.

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Residential – the largest smart meters market by application

The smart meters market in this report has been classified based on application, into three segments, namely, residential, commercial, and industrial. The residential segment accounted for the largest market size, in terms of value, in 2016. The meters measure the electricity, water, and gas consumption and communicate this to the central utility system. The installations of these devices in the residential sector helps in reducing CO2 emissions globally as the consumer’s inclination towards peak time savings of energy would increase. The increasing residential construction activities and government mandates such as the European Union 20-20-20 policy, which aims to convert 80% of the installed meter base to smart one, have ensured the growth in the demand for smart meters.

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North America: The leading market for smart meters

The North American market dominates the smart meters market during the forecast period. In North America, the growth of the smart meters market can be attributed to focus on electricity, water, & gas, monitoring & prevention of leakage, and the repair & upgrade of aging infrastructure. Lot of smart meters rollouts are taking place in countries such as the U.S., Canada, and Mexico which would impart growth in the North American region.

Market Ecosystem:

The smart meters ecosystem comprises of power and automation technology companies such as Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.), and Toshiba Corporation (Japan), among others.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Ring Main Unit Market – Global Industry Analysis and Forecast to 2022

The ring main unit market is expected to grow from an estimated USD 1.64 Billion in 2017 to USD 2.45 Billion by 2022, at a CAGR of 8.35% from 2017 to 2022. The global market is set to witness a significant growth, due to smart distribution networks and modernization of existing power infrastructure.

Browse 68 market data tables and 91 figures spread through 147 pages and in-depth TOC on "Ring Main Unit Market "

https://www.marketsandmarkets.com/Market-Reports/ring-main-unit-market-51228954.html

The gas insulated segment is expected to hold the largest share of the ring main unit market, by type, during the forecast period

The applications of gas insulated ring main unit include power grids, wind power plants, railway systems, underground installations, and mining applications. It is the largest segment, by type, for the ring main unit market. Increasing power consumption in Asia-Pacific requires secure and reliable source of power supply, which in turn is likely to drive the gas insulated ring main unit market. Gas insulated ring main unit can be easily integrated with an existing system. Moreover, these ring main units have SF6 as insulation medium, which is enclosed in a tank. All these factors are expected to boost the gas insulated ring main unit market.

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Distribution utilities to be the fastest growing application segment in the ring main unit market

With regard to the application segment, the distribution utilities segment is expected to be the fastest growing market from 2017 to 2022. The distribution utilities segment requires ring main units for metering, measuring, for uninterrupted power supply, and to prevent damages to critical equipment. Moreover, ring main units are vital for maintaining the stability of a grid system. The distribution utilities segment is expected to exhibit the highest growth rate during the forecast period. This growth is attributed to power generation capacity addition and enhancement plans for distribution networks in countries in the Asia-Pacific region, such as China and India, to meet the growing electricity demand. This in turn would require deployment of power equipment such as ring main units for uninterrupted power supply.

Asia-Pacific: The fastest growing market for ring main unit

In this report, the ring main unit market has been analyzed with respect to six regions, namely, Asia-Pacific, Europe, North America, the Middle East, South America, and Africa. Asia-Pacific is expected to dominate the global ring main unit market, owing to capacity additions, adoption of smart grids, and rural electrification in the region. China is expected to dominate the ring main unit market in the Asia-Pacific region. Countries such as Vietnam and Malaysia are having high growth prospects in the Asia-Pacific ring main unit market. Increasing focus on renewable power generation is likely to boost the demand for the ring main unit market in the region.

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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the ring main unit market. These players include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Utility Drones Market Growing at a CAGR of 37.34% from 2018 to 2023

The utility drones market is expected to grow from an estimated USD 110.2 million in 2018 to USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Rising demand for minimizing outages related to transmission & distribution infrastructure, focus on time and cost efficiency, and reachability in hazardous locations are the major drivers of the utility drones market.

Browse 79 market data Tables and 37 Figures spread through 140 Pages and in-depth TOC on "Utility Drones Market"
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Power segment is expected to hold the largest share of the utility drones market, by end-user, during the forecast period.

The power segment is expected to lead the utility drones market in 2018 and is projected to have the largest market share during the forecast period. The growth of the power segment is primarily driven by increase in population and rising demand for electricity. The benefits of utility drones in the power industry include cutting down of operation and maintenance costs; increasing worker safety considering their ability to operate drones in potentially dangerous areas; use of little or no fuel; and a negligible environmental impact. These factors drive the growth of the power segment of utility drones market.

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End-to-end solution is expected to hold the largest share of the utility drones market, by services, during the forecast period.

The end-to-end solution segment is expected to dominate the utility drones market in 2018 and is projected to hold the largest market share during the forecast period. The end-to-end solutions are more widely adopted by utility companies throughout the globe because of the availability of expertise required to obtain accurate data. Usage of end-to-end solution helps utility companies in avoiding problems such as updating drone technology and related data processing. All these are the major factors driving the end-to-end solution segment during the forecast period.

North America: the leading market for utility drones

In this report, the utility drones market has been analyzed with respect to 5 regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa. The market in North America is expected to lead the global utility drones market in 2018 and is projected to have the largest market share by 2023. The US is expected to hold the largest share of the utility drones market in North America in 2018. The EIA’s Annual Energy Outlook 2016 has stated that the share of energy generation from renewable and nuclear energy sources in North America would grow by 45% by 2025. Rising investments in power infrastructure, increasing power consumption, and subsequently increasing focus on renewable power generation are major factors driving the growth of utility drones market in the region.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the utility drones market. The key players in the market Cyberhawk (Scotland), Delair (France), Measure (US), PrecisionHawk (US), and HEMAV (Spain).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Cryogenic Valve Market to exceed $3.75 Billion by 2023

The cryogenic valve market is expected to grow from an estimated USD 3.00 Billion in 2018 to USD 3.75 Billion by 2023, at a CAGR of 4.51%, from 2018 to 2023. This growth is primarily due to the rising production and trade of LNG to meet the LNG demand from various countries globally. High demand for industrial gases (nitrogen, oxygen, argon, helium, and others) from industries such as food & beverage, electronics, and chemicals is further expected to boost the cryogenic valve market.

Browse 73 market data Tables and 35 Figures spread through 126 Pages and in-depth TOC on “Cryogenic Valve Market”

https://www.marketsandmarkets.com/Market-Reports/cryogenic-valve-market-16943043.html
     

The energy & power segment is expected to hold the largest share of the cryogenic valve market

The energy & power segment is the cryogenic valve market in 2017 and is projected to dominate the market during the forecast period. Cryogenic valves are widely used in the energy & power industry. They are installed for the process of liquefication, transportation, and regasification. The rise in the trade of LNG across the world is one of the major drivers of the energy & power segment.

LNG is expected to be the fastest growing segment of the cryogenic valve market

The LNG segment is expected to hold the largest market share during the forecast period from 2018 to 2023. It is considered the major source of energy. LNG is also used in power generation in the automotive sector, while many countries are adopting LNG as its fuel for various applications in other industries as well. LNG is commonly used in shipbuilding, power generation, and automotive industries.

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Asia Pacific: The leading market for cryogenic valve system

In this report, the cryogenic valve market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to hold for the large largest market share in the global cryogenic valve market in 2018. Countries such as China, India, Australia, and Japan have a huge demand for LNG, electronic equipment, chemicals, and metallurgy processes to meet the growing demand from residential and industrial sectors.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the cryogenic valve market. These players include Schlumberger (US), Emerson (US), Parker (US), Flowserve (US), and Weir Group (Scotland). 

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com