Oil and Gas Valves Market Estimated to Expand at a Robust Growth Over forecast 2030

An oil and gas valve is a controlling device that regulates the flow of fluids in oil processing and extraction machinery. These valves are utilized to maintain optimal conditions in varied operations and are therefore quite critical to the industry.

The oil and gas valves market is likely to experience significant growth in the upcoming years (2020 to 2030), owing to expansion in the power generation sector, rapid industrialization, and substantial development in mechanical engineering - procedures to extract energy sources like oil and natural gas.

It is important to note here that the rising energy demand seen globally will ensure that an increasing number of oil and gas projects are witnessed in the proverbial pipeline, which will drive the market in the years to come, opines Transparency Market Research.

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Global Oil and Gas Valves Market: Notable Developments

Growth measures taken by players operating in the global oil and gas valves market are many and varied. And, these are leading to a number of notable developments in the market. A glimpse can be had below:

November 2018: BHGE inaugurated a new steam test facility in Naples, Italy. This was done to improve scope and output – production. It is pertinent to note here that the plant produces full range of consolidated safety valves and masoneilan control valves.

The global oil and gas valves market is fragmented and extremely competitive. Players are highly focused on increasing and improving their market share over the forecast period. Few global players in the oil and gas valves market are-

• Schlumberger
• CIRCOR International
• Parker Hannifin
• Metso Corporation
• Emerson Electric
• Watts Water Technologies
• BHGE
• National Oilwell Varco
• The Weir Group
• HYDAC
• IMI
• Armstrong

Global Oil and Gas Valves Market: Key Trends and Drivers

A number of growth factors are lining the landscape of global oil and valves market. Some of these trends and drivers, as identified by Transparency Market Research, are:

• Newly discovered oil fields in Latin America, Africa, and the Mediterranean region are attracting exploration and extraction activities. This will lead to higher demand for these valves over the forecast period. In turn, it will drive the market on an upward growth trajectory.
• Demand for oil and gas is growing rapidly owing to increase in population – 2 billion new people will mark the planet by 2050. This will lead to increased demand for power and energy for various purposes. Additionally, rapid industrialization is set to push demand for oil and gas on an upward growth curve over the forecast period.

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Global Oil and Gas Valves Market: Regional Analysis

In 2018, the North American region was the largest oil and gas valves market globally owing to increased demand in the United States oil extraction fields and adoption of automated valve operations across various end-user industries in the region. The oil industry extracted a record high 4.46 billion barrels of crude oil in the United States in 2019, which was more than double the production ten years earlier, in 2009. Over the forecast period, the trend of dominance is set to continue.

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Solar Water Desalination Plant Market Research Approach, latest Trends, Global Forecast To 2027

• A solar water desalination plant produces potable water from saline water through direct or indirect methods of desalination powered by sunlight
• The design of a direct (or a passive) plant unit, generically called a solar still, can be quite simple
• Solar water desalination plants are powered solely by solar energy. Hence, weather conditions and variable solar intensity led by shifting position of the sun throughout the day can negatively impact the efficiency of these plants.
• The heat that drives the desalination process can also be provided by large arrays of sunlight-concentrating mirrors. However, it is expensive to manufacture and install those mirrors.
• Factors such as technical simplicity, low maintenance requirements, and ease of operation are highly important for successful installation of distributed solar powered desalination plant systems.

Key Drivers of Global Solar Water Desalination Plant Market

• Solar light can be considered a new energy source for desalination of water, primarily in offshore applications. Rising concerns related to climate change, carbon emissions, rapid growth of human population, and contamination of water resources lead to requirement for more amount of fresh water for both commercial and domestic usage.
• Growing environment-related concerns and rising usage of clean energy substitutes are estimated to be key factors driving the global solar water desalination plant market during the forecast period

• Government policies and initiatives favoring the installation of solar water desalination plant units are projected to provide immense opportunities to the global solar water desalination plant market during the forecast period

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Restraints of Global Solar Water Desalination Plant Market

• A large amount of concentrated brine is discharged from saline water desalination plants. This brine is not only salt concentrated, but it also contains chemicals such as anti-scaling agents from pre- and post-treatment. This results in high salt concentration in the area near the brine discharge point. Thus, brine disposal is an issue that challenges all desalination technologies.
• Efficiency of solar water desalination plant systems is purely governed by preferably high rates of heat and mass transfer during evaporation and condensation. Thus, surfaces need to be properly designed within planned objectives in terms of heat transfer efficiency, economy, and reliability.
• Also, Condensation heat is valuable, as a large amount of solar energy is required to evaporate water and generate saturated, vapor-laden hot air. This amount of solar energy gets transferred to the condenser's surface during condensation. However, in most forms of solar stills, this heat of condensation is expelled from the system as waste heat.
• Solar-powered desalination plant installation is highly energy intensive and costly, which makes it economically unfeasible for large- and small-scale installations

Major Developments

• In October 2019, REvivED Water consortium and Trunz, in their pilot plant, conducted tests by using the combination of electro dialysis (ED), reverse electro dialysis (RED), and reverse osmosis (RO) for improving the efficiency of solar seawater desalination
• In July 2019, researchers from Rice University in the U.S. used 'inexpensive plastic lenses' to concentrate sunlight and create 'hot spots' on solar-powered desalination systems
• In April 2019, Niti Aayog announced that India’s first solar-powered desalination plant would be set up in the state of Tamil Nadu, India. Under this project, India has planned to build desalination plants along the 7800-kilometer coastline of Tamil Nadu.
• In November 2018, a symbolic foundation stone for the 5,200-m3/d desalination facility, which would located on the Red Sea coast at Yanbu, Saudi Arabia, was laid by King Salman during his visit to King Abdul-Aziz City for Science and Technology (KACST) in Riyadh, Saudi Arabia. Under this project, Saudi Arabia has planned to build a solar-powered desalination plant by using the adsorption technology.

Middle East & Africa to Hold a Major Share of Global Solar Water Desalination Plant Market

• Based on region, the global solar water desalination plant market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
• Middle East & Africa is likely to dominate the global market during the forecast period. High investments, especially in North Africa, as well as technological advancements are driving the market in the region.
• Moreover, favorable government initiatives in GCC and Africa have prompted leading global players to invest in these sub-regions
• The market in the Middle East is likely to witness significant growth between 2019 and 2027, as more number of oil- and gas-based economies have turned toward the desalination sector
• Leading players in Abu Dhabi, Saudi Arabia are also interested in using solar power as an alternative to carry out reverse-osmosis desalination, which uses electricity to pump saline water through membrane filters

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Key Players Operating in Global Market

Some of the key players operating in the global solar water desalination plant market are:

• Photon Energy Systems Limited
• Solar Water Solutions Ltd
• Tesla
• Sterlitech Corporation
• Sinovoltaics Group
• Trunz Water Systems AG
• AMP
• Elemental Water Makers B.V.
• F CUBED LIMITED
• Photon Energy Systems Ltd.

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Aircraft Ground Support Equipment Market 2020: Sales, Revenue, Price and Gross Margin to 2028

The aircraft ground support equipment market may churn steady growth across the forecast period of 2019-2028 due to operational advantages like low turnaround time, increased accuracy, and improved speed efficiency. Most airlines have their own aircraft ground support equipment but many of them prefer to rent the aircraft ground support equipment from third party vendors. According to the International Air Transport Association (IATA), more than half of the airlines rely on outsourcing aircraft ground support equipment from third party vendors.

The use of aircraft ground support equipment in various applications such as aircraft refueling, fuselage, engine examination, potable water storage, and cargo loading and unloading are helping to garner substantial growth for the aircraft ground support equipment market.

Aircraft ground support equipment acquires an important place in the aircraft industry as it increases the reliability of aircraft. From pushbacks to belt loaders, each type of aircraft ground support equipment has its capability and all work in tandem to provide a good aircraft experience for consumers. Hence, these factors may benefit the aircraft ground support equipment market largely.

This upcoming report on the aircraft ground support equipment market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The report also offers thorough research on how the COVID-19 pandemic will impact the market. The segmental study enables an individual to thoroughly understand the different aspects of the aircraft ground support equipment market systematically.

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Aircraft Ground Support Equipment Market: Competitive Analysis

Numerous growth strategies adopted by key players of aircraft ground support equipment market such as joint ventures, partnerships, collaborations, mergers, and acquisitions are proving to be growth generators for the aircraft ground support equipment market.

Key players in the aircraft ground support equipment market are Tug Technologies Corporation, JBT Corporation, Mallaghan, Guangtai, Tronair, Cavotec, and MulagFahrzeugwerk.

Aircraft Ground Support Equipment Market: Key Trends

Renovations and enhancements in existing airports and the addition of new airports are bringing good growth opportunities for the aircraft ground support equipment market. The rapid increase in the production of new aircraft and the need for advanced ground handling facilities are proving to be rime factors for the aircraft ground support equipment market.

The COVID-19 outbreak has massively affected the aircraft ground support equipment market. As the pandemic started casting its horrific shadow on various countries, an immediate air travel ban was in place to avoid increased transmission. This unavoidable situation has brought the growth of the aircraft ground support equipment market to a screeching halt. With no operations at the once busy airports across the world, the demand in aircraft ground support equipment markethas waned. A ray of hope is visible to retain the growth of the aircraft ground support equipment market as lockdown restrictions are being eased around the world and travel restrictions may be lifted soon.

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Aircraft Ground Support Equipment Market: Regional Outlook

The aircraft ground support equipment market is geographically spread across North America, Asia Pacific, the Middle East and Africa, Asia Pacific, and Europe. Barring the lockdown period, North America may witness a significant rise in the growth rate across the forecast period due to the large presence of airports in the region.

Asia Pacific may bag the title of the fastest emerging region for increasing the growth rate of the aircraft ground support equipment market due to various government incentives and policies to boost the civil aviation sector. Domestic flights have resumed services in India and slowly, the aircraft ground support equipment may gain traction in the region. Economic packages from countries across the world for the aviation industry may help in reviving the sector, eventually gaining considerable momentum for the growth of the aircraft ground support equipment market.

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Latest TMR Report Explores Impact of COVID-19 Outbreak on Switchgear Market

Switchgear solutions are becoming increasingly crucial in primary and secondary distribution of conventional and modern power systems. Switchgears comprise a wide range of elements notably including circuit breakers, fuses, lightning arrestors, electrical disconnect switches, and relays. Over the years, utility providers have used various products in the switchgear market in electric power systems to protect the circuit and ensure uninterrupted services. They are also used for protecting operating devices in commercial, residential, and industrial applications.

The automated feature of switchgear market makes it a useful component in preventing short-circuits. Further, in recent years, switchgear has helped utility providers utilize the components for connecting the supply and distribution lines to multiple power feeds. The devices in the switchgear market are used in low-, medium-, and high-voltage power distribution and transmission units. 

The study on the switchgear market strives to make an in-depth assessment of key growth dynamics, key regulatory frameworks in various countries, new product development avenues, and impediments for players. The analysis on the competitive landscape takes a closer look at the recent research and development avenues and strategies adopted by emerging and established players.

Switchgear Market: Competitive Analysis and Key Developments

Increasing integration of renewable power in the overall power mix has opened up new vistas of capitalization for players in the switchgear market. In coming years, this will be supported by ramping investments by governments to expand the power infrastructure.

Companies domiciled in developed regions are getting into deals and agreements to meet the needs of switchgear solutions for wind and solar energy projects in emerging economies. A case in point is the purchase deal between MHI Vestas Offshore and Wind Mitsubishi Electric Europe. The former has recently clinched a deal to source switchgear from latter for meeting the needs of its upcoming offshore wind projects. The company will source high-voltage switchgear locally from Taiwan. More such deals will take place to get access to high-end solutions for strengthening alternative, renewable energy solutions, thereby opening vast avenue in the switchgear market. 

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Switchgear Market: Key Trends

Strides being made by construction of new residential and commercial buildings has spurred the demand for power distribution and transmission lines. The trend has imparted a strong fillip to the adoption of standard products in the switchgear market. Further, the efforts in modernizing power systems in developed economies of the world have underpinned the demand for new technologies in switchgear solutions. In developing countries, the demand for switchgears has prospered on the back of massive efforts being made by some governments in electrification of rural areas, such as in India. The demand has also benefitted from inclination to meet local standards in these markets.

A large impetus to the growth of the switchgear market has come from the rise in adoption of renewable energy sources by utility providers. A general expansion of power grids in urban and suburban areas in developing countries has bolstered the prospects of the switchgear market. Further, the growing focus of utilities to ensure safety and reliability of power supply has boosted the adoption of switchgear solutions for numerous applications. Need for higher power safety elements in developed and developed economies has fueled the adoption further.

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Switchgear Market: Regional Analysis

Rise in smart city infrastructures in developing regions have kept them at the forefront of rapidly emerging markets in recent years, thereby expanding the horizon in the global switchgear market. This is because there has been a proliferation of demand for switchgear in modernizing power systems. These trends are prominently observes in Asia Pacific economies. As a result, the overall opportunities in the Asia Pacific switchgear market is expected to rise at remarkably striking pace during the forecast period.

North America and Europe have been substantially lucrative for providers of switchgear solutions and equipment vendors. The growth in these regional markets has been fueled increasingly by the implementation of regulations for the safety of power distribution and also to ensure a reliable supply of power to consumers.

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Air Conditioning Systems Market Research Report is Projected to Witness Considerable Growth by 2027

According to TMR, the global air conditioning systems market is expected to reach US$160.3 bn by 2027. In terms of type of air conditioning systems, split AC segment is expected to grow with a higher CAGR in coming years. In terms of region, the Middle East and Africa is witnessing the fastest growth rate. In 2018, Asia Pacific was valued to be the largest market and is expected to maintain its dominance in coming years.

In terms of application, commercial segment accounted for largest and fastest growing category as a result of its  usage in hotels, hospitals, clinics, and similar other areas. In terms of volume however, the residential application segment LED in the past. Residential segment is also anticipated to witness the fastest growth rate during the forecast period.

The global air conditioning systems market fragmented by nature with the presence of several small and medium companies. Companies are adopting the strategy of product innovation & development as well as investing in geographical expansion. Some of the bigger players are acquiring small players to increase their product range and market share as well as geographical reach in the market.

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A few of the key players operating in the global air conditioning systems market are Daikin Industries Ltd., Gree Electric Appliances, Inc., and Carrier Corporation, Panasonic Corporation, Mitsubishi Corporation, and The Midea Group, LG Electronics, Haier Electronics Group Co., Ltd., and Hitachi Ltd.

Adoption of Green Technology to Drive Growth Prospects of Market

It has been observed that air conditioning systems consume higher amount of energy. Companies are working on low energy consumable products which can meet the consumer demand. Some of the companies are adopting green technologies and advanced technologies that are making air conditioning systems, energy efficient. Players are also coming up with designs in order to meet the energy requirements of consumers as well as complies with the government standards. The trend of green technology and smart homes are expected to boost the market demand in coming years.

Stringent Government Regulations to Aid Growth of Market

Key factors attributing to the global air conditioning systems market is growth in increasing spending on construction and housing sector at global level. Rising population and urbanization has led to higher spending on infrastructural activities. Stringent government regulations and policies, growing consumer expectations and technological advancements are also helping drive the growth of the global air conditioning systems market. The demand for air conditioning systems is very strong from the commercial sector in the Asia Pacific region on account of climatic variations.

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The growing awareness regarding the need to maintain the quality of air in doors is also leading to an increase in the uptake of air conditioning systems which offers advanced air purifying technology. Furthermore, availability of doorstep product delivery and installation services will work as a positive factor of global air conditioning systems market growth.

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Current COVID-19 Impact on Wheelbarrows Market Research 2020 With Strategic Analysis of Key Companies

• Wheelbarrow is a transporter device or hand-propelled vehicle which is used to carry small loads by construction workers and gardeners. A wheelbarrow usually has one wheel, (sometimes it has two wheels).
• A wheelbarrow mainly consists of three parts: a tray, wheel, and handle. The wheel can be pneumatic, semi-pneumatic, or non-pneumatic. Various types of wheelbarrows are available such as motorized, gasoline, gas, electric, folding, two wheel, and heavy duty.
• Wheelbarrows are mostly made of wood, plastic, and metal. Wheelbarrows are customized, multipurpose, and need-based products that have a compartment to store the load.
• The global wheelbarrows market is predicted to expand at a rapid pace during the forecast period, owing to increased demand for wheelbarrows from the construction industry.

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Key Drivers of the Global Wheelbarrows Market

• Wheelbarrows move through narrow roads where vehicles cannot access, are pollution free and eco-friendly, cost effective, and carries more goods or material than a person can carry at a time. This is expected to propel the market growth in the forthcoming years.
• Rise in demand for wheelbarrows from the non-residential market (hospitality industry, healthcare industry, and food services) is projected to boost the wheelbarrows market in the near future.
• The construction industry is growing exponentially across the globe, which is likely to indirectly influence the demand for wheelbarrows during the forecast period.
• Infrastructure development is taking place at a rapid pace across the globe, and further expected to drive the wheelbarrows market in the near future.
• Rapid increase in the number of retail stores, supermarkets, and hospitals is anticipated to drive the demand for wheelbarrows globally.

Availability of alternatives hampers the wheelbarrows market

• Manufacturers of wheelbarrows face intense competition due to the availability of cheap alternatives, which is anticipated to hinder the demand for wheelbarrows.
• Availability of wheelbarrows on rent at very cheap rates is anticipated to hinder the market in the next few years.

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Asia Pacific to Hold a Major Share of the Global Wheelbarrows Market

• In terms of region, the wheelbarrows market is segmented into North America, Europe, South America, Middle East & Africa, and Asia Pacific.
• Asia Pacific is a leading market for wheelbarrows, followed by North America and Europe. China and India are key markets in the region. In terms of demand, the two countries account for more than 50% share of the market for wheelbarrows in the region. This is primarily because these countries are working toward infrastructure development.
• The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. This is primarily due to the rapid rise in construction activities such as power generation projects, highway construction, railway expansion, and export and import of cargo.
• The wheelbarrows market in Middle East & Africa is estimated to expand at a rapid pace during the forecast period, followed by Europe and Asia Pacific. This can be attributed to global infrastructure development of countries in the last decade in the region.

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Global Next Generation Sequencing Market Revenue, Growth Rate, Demand, Trends and Forecast to 2023

Next generation sequencing (NGS) also known as high-throughput sequencing enables scientists to sequence and assemble billions of short DNA reads. The advent of next generation sequencing technologies has brought significant changes in the sequencing process by providing high throughput, speed, flexibility and reduced sequencing cost over thousand folds. NGS has ability to generate hundreds of gigabases of nucleotide sequence data in a single sequencing run.

The technology is emerging at a rapid rate due to its growing adoption in clinical applications as it allows scanning of whole genomes or targeted genomes in less span of time. In addition, reduction in cost of sequencing has also expanded the usage of next generation sequencing in variety of clinical applications. The technique has imparted its usage in various clinical applications such as cancer, inherited genetic disorders, HLA typing and identification of infectious diseases. For instance, NGS has been used for tracing hospital acquired infections and tuberculosis outbreaks.

The market for next generation sequencing can be segmented based on technology, application, end-users and geography. The application section can be categorized into drug discovery, personalized medicines, biomarker discovery, diagnostics and others (agriculture, animal, marine and other studies). The technology section of the market could be subdivided into sequencing by synthesis, ion semiconductor sequencing, pyrosequencing, sequencing by ligation and single molecule real time sequencing.

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The next generation sequencing market can also be analyzed based on the end user segment including hospitals and clinics, research institutions and pharmaceutical and biotechnology companies. It is witnessed that more than 65% of the next generation sequencing revenue is generated from academic institutions, biopharmaceutical companies and government research institutes.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America (LATAM), and Middle East and Africa (MENA). Of all the geographies, North America accounted for the largest market share in 2014 followed by Europe.  However, during the forecast period Asia-Pacific region is anticipated to record highest growth owing to market saturation in developed regions. Furthermore, technological innovation, increasing drug discovery initiatives by healthcare companies, increasing adoption of innovative models and huge capital investment by pharmaceutical and biotechnology companies are some of the key factors expected to drive the growth of next generation sequencing market in Asia. 

Currently, the next generation sequencing market is consolidated with very few market players due to involvement of extremely complicated technologies and the low target audience for the systems. The expensive next-generation sequencing systems may exceed a cost of millions of dollars for installation, maintenance, reagents and output analysis. Most respondents have suggested sequencing as a service business rather than an investment for in-house research. Introduction of bench-top sequencers enabling ease of use to researchers is also expected to push the market growth further.

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Outsourcing sequencing is expected to remain a major contributor to the revenue generation in the coming years. Response gathered from research facilities suggest that purchase of these sequencing platforms may demonstrate actual growth post reduction in the sequencing costs below USD 1000 as suggested by several manufacturers. True potential of this technology lies in the personalized medicine and sequencing genomes of individuals. Furthermore, increasing initiatives by government bodies for genomics research would also boost the adoption of high-throughput sequencing platform.

Some of the major players operating in the global NGS market are Agilent Technologies, Life Sciences Corporation (Roche Holding Ag), Genomatix Software Gmbh, Illumina, Inc., Gatc Biotech Ag, Dnastar, Inc., Life Technologies Corporation, Oxford Nanopore Technologies, Ltd., Perkin Elmer, Inc., Qiagen N.V., Partek Incorporated, Macrogen, Inc., Knome, Inc., and Genomatix Software Gmbh.

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