Managed Pressure Drilling (MPD) Services Market Forecast To Reach USD 5.06 Billion By 2024: Grand View Research, Inc.

The global managed pressure drilling (MPD) services market is expected to reach USD 5.06 billion by 2024, according to a new report by Grand View Research, Inc. Factors such as rising hydrocarbon production cost coupled with depleting extraction rates in conventional onshore wells have led to increasing offshore exploration activities. This is likely to have a significant impact on the managed pressure drilling market. The success of these extraction techniques in areas which were previously considered to be uneconomical has stimulated the market growth.
MPD techniques do not provide any surface return; this restricts the sampling sources for geologists. A significant amount of drill fluids required and variation in MPD techniques is likely to limit the market growth during the forecast period. Technological advancements along with coupling MPD techniques with horizontal drilling in tight formations is anticipated to create new avenues for industry participants in the near future.
Constant bottom hole pressure (CBHP) emerged as the leading technology segment and accounted for 43.3% of the global revenue in 2015. This technique facilitates better safety of the sites by controlling the pressure and detecting early fluid losses. Mud cap drilling (MCD) technique is likely to lose share to CBHP and dual gradient drilling (DGD) technologies owing to the high cost associated with this technology.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/managed-pressure-drilling-mpd-services-market

Further key findings from the report suggest:

·         Onshore oilfields were the leading application segment and accounted for over 58% of the total industry revenue in 2015. Offshore operations are expected to witness the highest growth of 4.0% over the forecast period.

·         The U.S. offshore MPD services industry is estimated to witness the fastest growth over the next eight years to reach a net worth of USD 585 million by 2024. Significant development of offshore oil & gas wells in the Gulf of Mexico along with extremely complicated formations in the region is anticipated to drive managed pressure drilling services demand.

·         North America dominated the global demand accounting for 37.3% of total market revenue in 2015. Technological advancements along with deployment of advanced drilling techniques in complex formations such as tar sands, tight oil, etc. in the U.S. and Canada are key factors for high industry penetration in the region.

·         Africa is estimated to grow at a CAGR of 4.9% from 2016 to 2024 on account of increasing offshore activities in regions of Angola, and Mozambique. Algeria MDP services industry is estimated to reach a net worth of USD 110 million by 2024, at a CAGR of 5.4%.

·         Key market players include operating in the global managed pressure drilling services market include Archer Well services, Baker Hughes, Halliburton, Weatherford International, Schlumberger Limited.

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Grand View Research has segmented the global managed pressure drilling (MPD) services market on the basis of technology and application,
Global Managed Pressure Drilling (MPD) Services Technology Outlook (Revenue, USD Million, 2014 – 2024)

·         Mud cap drilling (MCD)

·         Constant bore hole pressure (CBHP)

·         Dual gradient drilling (DGD)

·         Reverse flow control drilling (RFCD)

Global Managed Pressure Drilling (MPD) Services Application Outlook (Revenue, USD Million, 2014 – 2024)

·         Offshore

·         Onshore

Global Managed Pressure Drilling (MPD) Services Regional Outlook (Revenue, USD Million, 2014– 2024)

·         North America

·         U.S.

·         Canada

·         Mexico

·         Europe

·         Norway

·         UK

·         Russia

·         Asia Pacific

·         China

·         Australia

·         India

·         Central & South America

·         Argentina

·         Brazil

·         Middle East

·         Saudi Arabia

·         UAE

·         Kuwait

·         Africa

·         Nigeria

·         Angola

·         Algeria

Solar Cell Market Is Projected To Witness Rapid Growth On Account Of Its Increasing Demand In The Renewable Energy Industry Till 2020

Global solar cell industry is expected to reach over 1,087.0 GW by 2022 owing to increasing demand for electricity coupled with rising consumer awareness regarding environmental benefits of renewable energy sources. Stringent government regulations in various economies to encourage use of solar energy through incentives and feed-in-tariffs is also anticipated to drive demand over the forecast period.
Technological advancements have led to efficient performance and reduction in manufacturing cost of the cells which is expected to fuel growth. Moreover, rising demand for eco-friendly energy sources in order to reduce dependence on fossil fuels and achieve energy security is expected to propel growth over the next seven years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/solar-cell-market

Further key findings from the study suggest:

·         Increasing demand for PV systems in residential, utility and commercial applications is expected to have a positive impact on the industry. Increasing government support coupled with rising R&D investments in the sector is projected to propel growth. In addition, rapid development in the industrial sector together with growing infrastructure improvements particularly in emerging economies is forecasted to fuel product utilization over the next seven years. 

·         Multicrystalline and monocrystalline which form the silicon wafer segment contributed to an overall market share of approximately 90.0% of aggregated installation capacity in 2014. 

·         In 2014, monocrystalline silicon wafer market reached over 57.0 GW. Industry players are expected to have ample growth opportunities in the market owing to increasing utilization of the product in developed nations. Properties of monocrystalline solar cells including stability, high efficiency and compact design is expected to propel demand over the next seven years. Research and development aimed at incorporating magnetic nanoparticles in manufacturing solar cells owing to enhanced performance is anticipated to open new avenues over the forecast period. 

·         Emerging economies including China, Indonesia, India and Japan are expected to experience significant growth inthe market owing to supportive government programs and policies over the next seven years. 

·         Multicrystalline silicon cells are projected to witness rapid growth exceeding 25.0% in the forecast period owing to simple production process leading to reduced costs. Asia Pacific is expected to be a major market for multi crystalline solar cell owing to rising demand for multi crystalline solar cells in residential and commercial applications and increasing consumer awareness regarding cost efficiencyof the product. 

·         UAE is one of the major markets for solar cells in MEA owing to reliable operation and cost benefits of the product.Impressive aesthetic exteriors and flexibility offered by photovoltaics is estimated to propel thin film solar cell market over the next seven years.

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

Global Solar Cell Product Outlook (Installed capacity, GW, 2012 - 2022)

• Silicon Wafer
• Monocrystalline
• Multicrystalline
• Thin Film
• Cadmium Telluride
• Amorphous silicon
• Copper Indium Gallium Selenide

Solar PV Glass Market To Witness Swift Growth Owing To Enhanced Usage In Urbanization And Industrialization In Emerging Economies Worldwide Till 2024

The global solar PV glass market is expected to reach USD 3.38 billion by 2024, according to a new report by Grand View Research, Inc. Increasing solar PV installations across the globe is expected to remain a key driving factor for global solar PV glass market over the forecast period.
Favorable regulatory norms across the globe are expected to promote usage of solar PV panels. These regulations are expected to have a direct impact on the solar PV glass market. According to the Kyoto Protocol Act, several countries is obliged to reduce carbon emissions. This protocol is anticipated to create ample opportunities for the green energy development and further create new avenues for market participants.
Increased solar PV installation capacities across countries such as Mexico, India, Pakistan, Italy, Spain, the UK, and South East Asia is also expected to have a positive impact on the overall market.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/solar-pv-glass-market

Further key findings from the report suggest:

·         The global solar PV glass market demand was 139.9 million square meters in 2015 and is expected to reach 856.3 million square meters by 2024, growing at a CAGR of 22.6% from 2016 to 2024

·         Utility emerged as the leading application segment and accounted for over 50% of total market volume in 2015. The segment is also expected to witness the highest growth of 23.9% over the forecast period. The huge market share of utility segment can be attributed to the various advantages offered, such as a contribution to sustainability, enhancement of branding and public relations effort, and reduction of the carbon footprint of facilities.

·         Europe was the leading regional market with demand share 51.4% in 2015. The region mainly benefitted from the favorable regulations prevailing particularly in Italy, Spain and Belgium.

·         Asia Pacific is expected to witness the highest growth of 22.7% over the forecast period. More than 45% of the manufacturers for solar PV glass are situated in China and Japan, which is expected to remain a key advantage for the regional market over the forecast period. Lower prices and favorable climatic conditions are also expected to benefit the regional market.

·         The global solar PV glass market is fragmented in nature with major players trying to gain a strong foothold in the market. The key industry participants comprise of Asahi Glass Co. Ltd., Saint-Gobain S.A., Trina Solar Ltd., Xinyi Solar Holding Ltd., Nippon Sheet Glass Co. Ltd., and Guardian Industries.

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Grand View Research has segmented the global solar PV glass market on the basis of application and region:
Global Solar PV Glass Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2024)

·         Residential

·         Non-Residential

·         Utility

Global Solar PV Glass Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2024)

·         North America

·         U.S.

·         Europe

·         Germany

·         France

·         UK

·         Asia Pacific

·         China

·         India

·         Japan

·         Middle East & Africa

·         Central & South America

Micro Turbine Market Will Grow Owing To Enhanced Demand In Electricity Production Till 2024: Grand View Research, Inc.

The global micro turbine market is expected to reach USD 339.7 million by 2024, according to a new report by Grand View Research, Inc. Micro turbines have been gaining advantage globally on account of their compact size and high-efficiency levels.
The technology is an ideal solution for generating clean energy in the environment. Cost effectiveness coupled with waste fuel utilization have been the major factors driving the global Micro Turbine Market.
Changing grid operations are anticipated to establish as key industry opportunity for the product development. Increasing potential for greener energy solution is also expected to further augment industry revenue in over the forecast period. Growing investment initiatives to develop new generating capacity coupled with stringent environmental regulatory framework is anticipated to further enhance overall market growth in near future.
Combined heat & power was the leading application segment and accounted for over 55% of total market revenue in 2015. Increasing initiatives to reduce global warming levels and installation of CHP is expected to drive this segment over the forecast period.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/microturbines-market

Further key findings from the report suggest:

·         50 kW-250 kW emerged as the leading power rating sector and is anticipated to witness high demand in hybrid electric vehicle manufacturing. The segment accounted for 38.3% of total market revenue in 2015. It is also expected to witness the highest growth of 11.1% over the forecast period.

·         Industrial was the leading end-user and accounted for over 50% of total market revenue in 2015. Micro turbines find application in construction, oil & gas, mining, waste water treatment and pharmaceutical industries. Expanding product application in waste water treatment is expected to establish as growth opportunity for this segment.

·         North America was the leading regional market and accounted for 37.7% of global revenue in 2015. Shale gas boom in the region is expected to significantly contribute towards industry enhancement in the near future. Nuclear plants decommission coupled with strict environmental regulations are anticipated to augment European market over the forecast period.

·         Major companies include Bladon Jets, Capstone Turbine Corporation, Microturbine Technology BV, Calnetix Technologies LLC., ICR Turbine Engine Corporation, Eneftech Innovation SA, Brayton Energy LLC, Toyota Motor Corporation, Flexenergy, Inc, Ansaldo Energia S.P.A., NewEnCo. and Wilson Solarpower Corporation. 

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Grand View Research has segmented the micro turbine market on the basis of application, power rating, end-use and region:

Global Micro Turbine Application Outlook (Revenue, USD Million, 2014 - 2026)

·         Combined Heat & Power (CHP)

·         Standby Power

Global Micro Turbine Power Rating Outlook (Revenue, USD Million, 2014 - 2026)

·         12 kW -50 kW

·         50 kW-250 kW

·         250 kW-500 kW

Global Micro Turbine End-Use Outlook (Revenue, USD Million, 2014 - 2026)

·         Industrial

·         Commercial

·         Residential

Global Micro Turbine Regional Outlook (Revenue, USD Million, 2014 - 2026)

·         North America

·         U.S

·         Canada

·         Mexico

·         Europe

·         Germany

·         UK

·         Russia

·         Asia Pacific

·         Australia

·         China

·         Malaysia

·         Central & South America

·         Brazil

·         Colombia

·         Middle East and Africa