Well Cementing Services Market Will Witness Growth Owing To Augmented Demand In Oil And Gas Sectors Till 2024: Grand View Research, Inc.

The global well cementing services market is expected to reach USD 11.08 billion by 2024, according to a new report by Grand View Research, Inc. Rising drilling activities to recover unconventional hydrocarbons such as shale and tight gas coupled with rehabilitation activities in existing oil & gas fields is expected to remain a key driving factor for the global market.
A large number of unexplored reserves particularly in Brazil, Russia, and China, coupled with technological advancements in well cementing equipment and services provided by oil service providers is projected to have a positive impact on the market growth in near future.
Stringent environmental regulations coupled with low crude oil prices are expected to hindermarket growth over the next eight years. Low crude oil prices are anticipated to support stronger economic growth, but it may hamper growth among energy producing states.
Primary cementing was the leading service segment and accounted for over 75% of total market revenue in 2015. It is estimated to remain the largest segment over the next eight years owing to rising E&P to exploit unconventional hydrocarbon reserves.Remedial cementing is anticipated to emerge as the fastest growing well cementing service market over the forecast period owing to increasing rehabilitation of oil & gas wells in both onshore and offshore activities.

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

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

 

Further key findings from the report suggest:

·         Onshore application dominated the global well cementing service demand and accounted for over 80% of total revenue in 2015. The rising onshore well operations, particularly in the U.S., Saudi Arabia, Russia, and China,may be attributed to the high growth in this particular segment.

·         North America emerged as the leading well cementing services consumer and accounted for 41.4% of the total revenue in 2015 owing to huge oil & natural gas production coupled with oilfield development especially in shale &tight oil reserves in the U.S. and Canada.

·         Asia Pacific well cementing services marketis anticipated to grow at a CAGR of 7.0% from 2016 to 2024.The high growth may be attributed to favorable government policies such as FDI and tax redemption in countries such as India, which is anticipated to promote E&P in the region.

·         The global industry is dominated by various integrated players present across the value chain. Key companies operating in the well cementing service market includeSchlumberger Ltd., Baker Hughes Inc., Halliburton, Weatherford & Gulf Energy Llc., and Calfrac Well Services Ltd.

Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry-analysis/well-cementing-services-market/request

Grand View Research has segmented the well cementing services market on the basis of service, application,and region:
Global Well Cementing Service Outlook (Revenue, USD Million, 2014 - 2024)

·         Primary

·         Remedial

·         Others

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

·         Onshore

·         Offshore

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

·         North America

·         U.S.

·         Canada

·         Mexico

·         Europe

·         Norway

·         UK

·         Russia

·         Asia Pacific

·         China

·         India

·         Indonesia

·         Middle East & Africa

·         Saudi Arabia

·         UAE

·         Nigeria

·         Central & South America

·         Brazil

·         Venezuela

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

Managed Pressure Drilling Services Market Will Witness Growth Owing To Enhanced Usage In Onshore Oil & Gas Sectors Till 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.

Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry-analysis/managed-pressure-drilling-mpd-services-market/request

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

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

Liquefied Petroleum Gas (LPG) Market Is Expected To Witness Significant Growth Owing To Increasing Conventional Fuels Demand In The Transportation Sectors Till 2020

The global market for LPG is expected to reach USD291.42 billion by 2020, according to a new study by Grand View Research, Inc. Increasing population coupled with favorable regulatory support and subsidies are expected to be key driving factors for the market over the next six years. Limited application base is expected to be a challenge for industry participants.
Residential/commercial uses emerged as leading application markets and accounted for 47.3% of total market volume in 2013, followed by chemical usage and accounted for 24.5% of total volume for the same year. LPG demand for autofuel applications is expected to reach 29.11 million tons by 2020, growing at a CAGR of 4.3% from 2014 to 2020.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/liquefied-petroleum-gas-industry

Further key findings from the study suggest:

• The global market for LPG was 261.60 million tons in 2013 and is expected to reach 356.98 million tons by 2020, growing at a CAGR of 4.1% from 2014 to 2020.

• Refineries continued to be the largest LPG source market and accounted for 45.4% of total market in 2013. LPG from non-associated gas is expected to be the fastest growing source of LPG at an estimated CAGR of 4.7% from 2014 to 2020.

• Associated gas LPG revenue is expected to grow at a CAGR of 3.8% from 2014 to 2020.

• Asia Pacific continued its dominance in the global LPG market and accounted for 35.64% of total market volume in 2013. Asia Pacific, along with being the largest market is also expected to be the fastest growing market for LPG, at an estimated CAGR of 5.0% from 2014 to 2020.

• The global market for LPG is fragmented within some key companies including Aygez, Bayegan, China Gas, Dolphin Energy, ETG companies, Huntsman Petrochemical, Indian Oil Corporation Ltd., Oman Oil Company, Petredec Ltd., Phillips 66, Qatargas, Qatar fuel, Qatar Petroleum, Shell, Tasweeq and Vitol.

Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry-analysis/liquefied-petroleum-gas-industry/request

For the purpose of this study, Grand View Research has segmented the SBCmarket on the basis ofapplication, sourceand region:
Global LPG application Outlook (Volume, Million Tons; Revenue, USD Billion, 2012 - 2020)
            • Residential/commercial
            • Chemical
            • Industrial
            • Auto fuel
            • Refinery
            • Other
LPG Source Outlook (Volume, Million tons; Revenue, USD Billion, 2012-2020)
            • Refinery
            • Associated gas
            • Non associated gas
LPG Regional Outlook (Volume, Million tons; Revenue, USD Billion, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • Middle East and Africa
            • Latin America

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

Wind Power Market To Gain From Increased Demand In Commercial Applications Till 2020: Grand View Research, Inc.

Global wind power market is expected to reach 760.35 GW by 2020 on account of increasing regulatory support from governments particularly in Europe in order to reduce carbon emissions. Furthermore, financial incentives and tax benefits in countries such as U.K., Italy, Brazil, Spain, U.S. and China have fuelled growth leading to a significant market share in overall electricity generation.
Industrial applications accounted for more than 40% of the total market in 2014 and hence dominated the global market. In addition, industrial application is expected to witness fastest growth, growing at over 13% CAGR from 2015 to 2022.
Rising energy needs in countries such as China, Brazil and India, owing to rapid industrialization is expected to have a positive impact on wind power generation industry. Wind power finds extensive use in various sectors including commercial heating/lighting applications and residential.
Europe had a cumulative installed capacity of 130.85 GW in 2014 and was the leading market for wind power. Europe’s framework legislation and its target to reduce carbon footprint by 2020 is expected to ensure continuous growth of the industry over the forecast period. Furthermore, large investment opportunities in countries including Ukraine and Russia are expected to have a positive impact on market growth. Growing demand from countries including Spain, France, U.K., Italy, and Germany is expected to drive market growth over the forecast period. However, market saturation is a major restraint for the region and is expected to hamper growth over the next six years.
Asia Pacific is expected to witness fastest growth going forward till 2022. Rising government initiatives undertaken by government of India and China to develop wind power generation as means to increase their renewable energy portfolio is likely to propel demand. Asia Pacific accounted for more than 34% of total installed capacity in 2012. Middle East and Africa is projected to be the fastest growing regional market at a CAGR more than 43%.
North America was the third largest wind power market in 2012. Regional market is expected to grow on account of extension of Production Tax Credit as a part of fiscal cliff package by the U.S. Congress. U.S added a large capacity for wind power generation in 201 and emerged as the largest source of new electricity generation by accounting for over 40% of capacity added.
Global wind power market is highly fragmented. Some of the major players operating in the global wind power industry include Gamesa, Sinovel, GE Wind, Vestas, Mingyang, Enercon, Goldwind, Suzlon Group, United Power and Siemen

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

Further Key findings from the study suggest:

·         Europe emerged as the leading market for wind power with a cumulative installed capacity of 109.80 GW of the total market in 2012. Europe’s framework legislation and its target to reduce carbon footprints by 2020 are expected to ensure continuous growth of wind power market in the region

·         Germany, UK, Italy, Spain and France represent some of the leading markets in Europe. However, huge investment opportunities exist in the Eastern European countries such as Russia, Ukraine etc.

·         Owing to rapid strides taken by India and China to develop wind power generation, Asia Pacific is expected to overtake Europe to lead the global market by 2020. Asia Pacific accounted for 35.6% of the total installed capacity in 2012. Wind power accounted for a 2% of the total electricity produced in China up from 1.5% in 2011.

·         North America emerged as the third largest wind power market in 2012. Extension of Production Tax Credit as a part of fiscal cliff package by the U.S. Congress is expected to be a key factor driving the regional market for wind power. The U.S. saw a record number of capacity addition in 2012 as wind power emerged as the largest source of new electricity generation by accounting more than 40% of new capacity added.

·         Some of the key companies operating in the global wind power market include GE Wind, Vestas, Siemens Wind Power, Enercon, Suzlon Group, Gamesa, Goldwind, United Power, Sinovel and Mingyang.

Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry-analysis/wind-power-industry/request

Grand View Research has segmented the global wind power market on the basis of application and region:
Wind Power Application Outlook
        • Industrial
        • Residential
        • Commercial
Wind Power Regional Outlook
        • North America
                • U.S.
        • Europe
                • UK
                • Spain
                • Germany
                • France
                • Italy
        • Asia Pacific
                • India
                • China
                • Japan
        • RoW
                • Brazil

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