Subsea Pumps Market Latest Trends | Regions | Industry Growth | Helico-Axial | ESP | Centrifugal | Twin-Screw | Hybrid | Counter-Axial

"Subsea Pumps Market" is majorly driven by the offshore exploration activities and the mature oilfields which require additional pressure in order to maintain a proper recovery rate. These activities are expected to have a healthy growth after 2016. The ultra-deep E&P activities are expected to witness huge investments and move to deeper reserves once the oil prices and the breakeven price for oil production return to normal.

The global market is projected to reach $1,773.7 Million by 2020, at a CAGR of 11.3% during the forecast period 2015-2020. Latin America was the single-largest market for subsea pumps in 2014, holding a 31.1% share, and is set to continue its dominance till 2020. High growth rates have been observed because of the ongoing production activities as future investments and promoting oil contango.

The oil price slump in 2014 has slowed the growth of the offshore hardware and equipment market due to non-profitable extraction of crude from the fields. Due to this many stakeholders have pulled their support from the offshore projects, resulting in a decline in offshore productions. Considering this, the report forecasts subsea pumps market till 2020.

The global market size is projected to grow at a CAGR of 11.3% during the forecast period. South America and Africa are expected to have maximum investments in the offshore E&P activities. Brazil, Norway, Angola, Mozambique, and the U.K. are identified as the key countries for this market.

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Scope of the Report:

On the basis of Type

• Centrifugal
• Helico-axial
• Hybrid pump
• Twin screw
• Co-axial
• ESP

On the basis of Application

• Subsea boosting
• Subsea separation
• Subsea injection
• Gas compression

On the basis of Region

• Asia-Pacific
• North America
• Europe
• Middle East
• South America
• Africa

Key players including OneSubsea (U.S.), FMC Technologies (U.S.), Aker Solutions (Norway), General Electric (U.S.), and Baker Hughes (U.S.), have been profiled in this report.

Hydraulic Power Unit (HPU) Market | Latest Trends | Hydraulic Power Unit | Application | Growth Analysis | Region | Scope

The HPU is an integrated package comprising hydraulic motor, hydraulic pump, and reservoir/accumulators along with other accessories such as valves, tubes, filter, regulators, and instruments to monitor the performance of the unit. It is used to transmit, control, and distribute energy from a pressurized fluid to perform various mechanical tasks. It is the main component of hydraulic systems producing enormous amount of power, driving various hydraulic rams and equipment.

Increasing population and better living standards in developing countries have led to a surge in energy and infrastructural demands. The total world population was 7.3 Billion in 2014, and is expected to grow at a rate of 1.14% per year. Emerging economies such as China, India, and Brazil are trying to develop infrastructure to provide their people the basic amenities. This is likely to boost the construction market of these countries, thereby augmenting the Hydraulic Power Unit Market (HPU) in the region.

Asia-Pacific held the largest share of approximately 34% in 2013, followed by North America, which held 22% of the total market share in the same year, and is expected to grow at a CAGR of 4.3% during the forecast period. The hydraulic power unit market is estimated to reach $6.0 Billion at a CAGR of 5.6% from 2014 to 2019.Potential growth of the manufacturing business in countries such as Mexico, Germany, and China has led to an increase in the HPU market. The demand for Hydraulic Power Unit (HPU) is high in developing countries such as Indonesia and China due to an increase in construction activities in the region.

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Mobile Applications – Major application for the HPU Market

HPU is categorized into three primarily segments: mobile application, industrial applications, and others. The major market is captured by mobile applications, which provide higher power transmission in a compact size. Industrial application is the second major application, which is utilized in industries such as automotive and steel among others. Increasing construction and agricultural activities, along with the replacement market of old HPUs, is the key driver of the market.

Scope of the report:

On the basis of application: 

• Mobile 
• Industrial 
• others

On the basis of operating pressure: 

• <750 PSI
• 750-200 psi
• 2000-3000 psi
• >3000 PSI

On the basis of region: 

• North America
• Europe
• Latin America
• Asia-Pacific
• Middle-East & Africa

Leading equipment manufacturers, namely Bosch Rexroth AG (Lohr a. Main, Germany); Parker Hannifin Corporation (Ohio, U.S.); Nachi-Fujikoshi Corporation (Tokyo, Japan); Brevini Fluid Power S.p.A (Milan, Italy); and Hydac International GmbH (Sulbach, Germany), Weber Hydraulik GmbH (Güglingen, Germany).

Construction Additives Market by Type| Latest Trends | End-use Sector | Region | Key Players | Plasticizers | Air-entraining | Waterproofing

The "Construction Additives Market" is expected to witness high growth as a result of the rapid urbanization, large-scale investments in infrastructure & commercial sectors, and the rising number of construction activities in emerging economies. The chemical additives segment is projected to have the largest share and dominate the construction additives market from 2017 to 2022. The mineral additives segment is expected to play a key role in changing the construction additives market and is projected to grow at the second-highest rate during the forecast period.

The commercial sector is projected to be the fastest-growing segment in the construction additives market during the forecast period. The gradual shift of building contractors and consumers toward cost-efficient, eco-friendly, modern building techniques, and the utilization of ready-mix concrete in developing countries create growth opportunities for the construction additives market. The construction additives market size will grow from USD 20.70 Billion in 2017 to USD 28.95 Billion by 2022, at an estimated CAGR of 6.94%. 

The chemical segment, by type, to account for the largest market share in 2016

The utilization of chemical concrete additives such as plasticizers, accelerating agents, retarding agents, air entraining agents, and waterproofing additives provide flexibility to the designers to modify and enhance the physical as well as chemical properties of concrete. The market for chemical additives is growing at the highest rate due to various factors that include compressive strength, durability, surface finish, and resistance to withstand adverse climatic and working conditions as per design specifications/requirements without compromising the quality of the concrete structure.

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The Asia Pacific region accounted for the largest share of the construction additives market

Asia Pacific contributes a major market share in the global construction additives market. Due to the increasing industrialization as well as the population in China, Japan, and India, these countries are experiencing high demand for residential and commercial constructions. The rapid urbanization in these countries demands faster and cheaper construction of buildings and facilities without compromising on quality. Additionally, the increasing government investments in infrastructural constructions provide potential for the growth of the construction additives market in these countries.

Commercial construction additives to gain maximum traction during the forecast period

The commercial sector dominated the market in 2016 and is projected to be the fastest-growing end-user sector in the next five years. As a result of rapid urbanization and industrialization, this market is mostly driven by the upward surge in the demand for new constructions across the world. The increasing public and private investment in the infrastructure sector of the emerging economies of Asia Pacific, the Middle East, and South America are drivers of this growth.

Target Audience:

• Additives manufacturers
• Construction additives traders/distributers/suppliers
• Government contractors
• Architects & engineers
• Market research and consulting firms
• Regulatory bodies
• Research organizations
• Association and industry bodies
• End-use industries

Scope of the Report:

By Type:

• Chemical
  • Plasticizers
  • Air-entraining agents
  • Retarding agents
  • Waterproofing agents
  • Others (coloring agents, corrosion inhibitors, flame retardants, and fibers)
• Mineral
• Fiber

By End-use Sector:

• Residential
• Commercial
• Infrastructure

By Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

The global construction additives market is dominated by players such as BASF (Germany), W.R. Grace (US), RPM International (US), Fosroc International (UK), Dow (US), Sika (Switzerland), Mapei (Italy), Fritz-Pak (US), PAC Technologies (UAE), Thermax Global (India), ATPL (Canada),Concrete Additives & Chemicals (India), INNUA (US), Berolan (Germany), Hupan (China), Hycrete (US), and Krete Industries (US).

Hazard Control Market by Product | Industry | Region | Protection Type | Oil & Gas | Intrinsic Safety | Flameproof

The Oil & gas industry is expected to account for the largest share of the hazard control market during the forecast period. Safety norms have been made stringent across all major oil & gas producing regions, particularly North America and Europe. Incidents such as the Deepwater Horizon oil spill in the US Gulf of Mexico have driven a new focus on safety, environmental protection, and concern for human safety.

The global "Hazard Control Market" is projected to grow at a CAGR of 5.83%, from 2017 to 2022, to reach a market size of USD 1.63 Billion by 2022. This growth is attributed to stringent norms for industrial safety, increasing environmental concerns, and growing concerns for human safety in industries.

The hazard control market has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America is projected to the largest market for hazard control, during the forecast period, due to increased activities in the unconventional oil & gas production sector in the region. The market in Asia Pacific is expected to grow at the highest CAGR, from 2017 to 2022. 

The intrinsic safety segment is expected to hold the largest share of the hazard control market, by protection type, during the forecast period.

Intrinsically safe devices limit the available electrical energy to non-incendive levels to avoid sparks and hotspots from short circuits or failures which may lead to explosive atmospheres. Intrinsically safe devices find widespread application across all industries and in all types of hazardous division and zone classifications. The demand for intrinsically safe devices is highest in Asia Pacific due to increasing industrialization in the region.

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The North American market is expected to hold the largest share of the hazard control market, by region, during the forecast period.

The North American market is driven by the development of unconventional hydrocarbon resources such as shale gas and tight oil. Revamping of the mining industry would also drive the growth of the hazard control market in the region. Asia Pacific is projected to be fastest-growing regional market due to increasing industrialization in emerging economies such as India and China. According to the IEA, China is expected to account for 280 billion cubic meters (bcm) of global natural gas demand by 2040. China will also overtake the US as the top oil consumer, by 2030, with net imports of 13 million barrels per day (mb/d), by 2040.

The motors segment is expected to hold the largest share of the hazard control market, by product type, during the forecast period.

The motors segment is expected to account for the largest share of the product type segment, followed by the servo valves and sensors and actuators segments. Motors are widely used across multiple applications in equipment such as industrial fans, blowers, and pumps. Motors are can operate in harsh working environments such as highly corrosive, dangerous environments, potentially explosive atmospheres, and wet environments.

Target Audience:

• Component manufacturing companies
• Energy associations
• Government regulatory bodies
• Industrial manufacturing companies
• Environment monitoring bodies

Scope of the Report:

• By Protection Type
  • Fireproof/Explosion Proof
  • Intrinsic Safety
  • Others
• By Product
  • Motors
  • Servo Valves
  • Sensors and Actuators
  • Drives
  • Others
• By Industry
  • Oil & Gas
  • Metals and Mining
  • Chemicals and Pharmaceuticals
  • Mills (Flour and Grain)
  • Packaging
  • Aerospace and Defense
  • Others
• By Region
  • North America
  • Asia Pacific
  • Europe
  • Middle East & Africa
  • South America

The Leading Players in the hazard control market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Eaton (Ireland), and Emerson Electric (US).

High Investment In Energy and Power Industry Is Boosting String Inverter Market..Check Out How??

The global "String Inverter Market" is projected to grow at a CAGR of 8.29% from 2016 to 2021, to reach a market size of USD 3.89 Billion by 2021. The growth is attributed to decrease balance of system cost, remove systems monitoring capabilities, and easy installation & customization.

Utilities segment is the largest end-user of string inverter owing to growing number of utilities in the solar sector, serving both, the distributed solar market as well as building and operating large-scale PV power plants. Based on system type, the on-grid segment is expected to dominate the string inverter market during the forecast period. The market has also been segmented based on power rating into four segments: up to 10 kW, 11 kW – 40 kW, 41 kW – 80 kW, and above 80 kW.

The report segments the string inverter market based on phase into single-phase and three-phase. The latter is estimated to be the largest market owing to rising installations of large utility-scale solar systems in Japan, China, and other European countries. Inverter manufacturers have been strongly promoting the installation of three-phase string inverters in large power plants, due to which the global shipments are projected to double in the next 4 years.

Asia-Pacific is the largest market for string inverter

In this report, the string inverter market has been analyzed with respect to four regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is estimated to be the largest market for string inverter till 2021. Government targets, policy support (tax incentives and RPOs), incentives such as feed-in tariffs and tenders, and competitive bidding in the region will drive the Asia-Pacific sting inverter market from 2016 to 2021.

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On-grid segment is expected to hold the largest share of the string inverter market, by system type, during the forecast period

The on-grid segment led the overall string inverter market in 2015. On-grid systems are applied mostly in small-to-medium scale commercial & industrial, and large utility-scale solar applications. This is driving the market of three-phase string inverters, which are being commercialized at a huge scale in Asia-Pacific and Europe.

Utilities are expected to hold the largest market share of the string inverter market, by end-users, during the forecast period

The utilities segment is expected to hold the largest share the string inverter market during the forecast period. Utility-scale large projects are improving given regulations for renewable integration, while accelerating the growth of the string inverter market for the utility segment. On islands, string inverter in utility-based solar systems, integrated with energy storage systems, is expected to grab areas with high level of penetration of renewable energy.

Target Stakeholder:

• String inverter manufacturers, dealers, and suppliers
• String inverter equipment manufacturing companies
• Government and research organizations
• Environmental and industrial associations
• Banks, venture capitalists, financial institutions, and other investors
• Market research and consulting firms

Scope of the Report:

• By System type
  • On-Grid
  • Off-Grid
• By Phase
  • Single-Phase
  • Three-Phase
• By End–Users
  • Residential
  • Commercial & Industrial
  • Utilities
• By Power Rating
  • Up to 10 kW
  • 11 kW – 40 kw
  • 41 kW – 80 kW
  • Above 80 kW
• By Region
• Americas
• Europe
• Asia-Pacific
• Middle East & Africa

Some of the leading players in the string inverter market include KACO New Energy GmbH (Germany), Delta Energy Systems GmbH (Germany), ABB Limited (Switzerland), Chint Power Systems Co., Ltd. (China), Ningbo Ginlong Technologies (China), Samil Power Co., Ltd. (China), Fronius International GmbH (Austria), SMA Solar Technology AG (Germany), and Huawei Technologies Co. Ltd. (China), among others. 

Pump Jack Market worth 3.63 Billion USD by 2022, at a CAGR of 4.88%

The "Pump Jack Market", on the basis of vertical well and horizontal well type. The vertical well segmented accounted for the largest market share in 2016, driven by the demand from the North American market. Pump jack is the most commonly employed, low cost installation, and efficient method in vertical wells. Pump jacks in horizontal wells is still a challenging task. The application of pump jacks is also limited in the horizontal well market.

The global pump jack market is projected to grow at a CAGR of 4.88%, from 2017 to 2022, to reach a market size of USD 3.63 Billion by 2022. Increasing matured oil fields and large number of stripper wells in North America along with improving crude oil production from these mature wells, have been a subject of focus around major oil producing regions, owing to oil price downturn.

The North American market is expected to grow at the highest CAGR during the forecast period. This growth is due to abundance of stripper wells in the U.S. and increasing number of mature oil fields which are near to the end of its economic life.

Vertical well: The largest segment of the pump jack market, by well type

The pump jack market has been segmented by well type, weight, application, and region. The market has been further segmented, by well type, into vertical well and horizontal well. The vertical well segment accounted for the largest share of the market in 2016, and is also projected to grow at the fastest pace during the forecast period. Vertical well involves the safe production or exploration wells and is one of the biggest and most critical activities in any drilling project. Pump jacks are highly suitable for vertical wells as they include a sucker rod assembly that functions efficiently in a vertical trajectory. The market for vertical well is estimated to grow at the fastest pace among both the well types.

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The onshore sub-segment is estimated to have the highest growth rate in the pump jack market, by application.

Based on application, the market has been segmented into onshore and offshore segments. The application of pump jack in onshore is estimated to lead the market, both in terms of market value and growth. The onshore basins in North America Eagleville (Texas), Spraberry (Texas), and Prudhoe Bay (Alaska) plays a major role in driving the pump jack market. Onshore oil drilling is typically less expensive compared to offshore and a majority of the old and ageing mature wells are in onshore oil fields. Thus, the market for pump jack will be the largest in onshore.

North America: The largest market for pump jack

The market in North America was the largest market, by value, for pump jack in 2016, driven largely by activities in the offshore industries of the U.S. and Canada. The offshore industries in these two regions, leads other regions in terms of well-development. Companies in the region are taking active steps in drilling, in onshore mature oil fields by low cost installation and ease of operation. The market in the U.S. Gulf of Mexico is the second largest market, closely behind Europe, with a large number of mature wells drilled by pump jack, each year.

Target Audience:

• Pump jack manufacturer
• National oil companies
• International oil companies
• Onshore platform operators
• Associations and industry bodies
• Consulting companies dealing with the artificial lift industry
• Onshore logistics authorities

Scope of the Report:

By Well Type

• Vertical Well
• Horizontal Well

By Application

• Onshore
• Offshore

By Weight

• Less than 100,000 lbs
• 100,000 lbs–300,000 lbs
• More than 300,000 lbs

By Region

• North America
• Asia-Pacific
• Middle East & Africa
• Europe
• Central & South America

The Leading Players in the industry, based on their recent developments and other strategic industrial activities, includes Schlumberger Limited (U.S.), Halliburton (U.S.), General Electric Oil & Gas (U.K.), Weatherford International, PLC (Switzerland), Dover Corporation (U.S.), and Borets International (U.A.E.), among others.

Transformer Monitoring System Market worth 2.68 Billion USD by 2021, at a CAGR of 12.77%

The global "Transformer Monitoring System Market" is projected to grow at a CAGR of 12.77% from 2016 to 2021, to reach a market size of USD 2.68 Billion by 2021. This growth is attributed to the digitalization of utilities, renewable investments, and smart grid initiatives.The hardware solutions segment is expected to dominate the transformer monitoring system market during the forecast period. On the hand, the IT solutions segment is expected to witness the fastest growth during the same period.

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 dominate the global transformer monitoring system market during the forecast period, owing to capacity addition and enhancement plans of the utilities in the developing countries. Moreover, countries such as India and China have invested highly in smart grids, in turn boosting the demand for transformer monitoring solutions.

The power transformer segment is expected to hold the largest share of the transformer monitoring system market, by application, during the forecast period

The power transformers segment is the largest in the applications of the transformer monitoring system market. This share is attributed to grow because of government regulations targeting the monitoring and control of the transmission networks. Remote monitoring is also a key focus area in most countries, which is driving the market.

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Oil/Gas monitoring is the largest segment for services in the global transformer monitoring system market

Oil/Gas monitoring, also known as Dissolved Gas Analysis (DGA), is the most common monitoring services for transformers, and has the largest share in the transformer monitoring system market. Other key services in the market include bushing monitoring and partial discharge monitoring, which are expected to have high-growth opportunities during the forecast period. Partial discharge analysis offers predictive maintenance instead of reactive maintenance before the actual fault occurs, leading to lesser downtime.

Asia-Pacific: The leading market for transformer monitoring system

In this report, 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.

Target audience includes:

• Transformer Manufacturing Companies
• Builders and Contractors
• Government and Industry Associations
• Investment and Consulting Firms
• Power Distribution Utilities
• Process and Manufacturing Plants
• State and National Regulatory Authorities
• State- or Government-Owned Corporations

Scope of the Report:

• By Type
  • Hardware Solutions
  • IT Solutions
• By Application
  • Distribution Transformers
  • Power Transformers
  • Others (Generator Transformer and Specialty Transformer)
• By Service
  • Oil/Gas Monitoring
  • Bushing Monitoring
  • Others (Temperature Monitoring and Partial Discharge Monitoring)
• By Region
• North America
• Europe
• Asia-Pacific
• South America
• Middle East  
• Africa

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).

Advanced Energy Storage Systems Market worth 19.04 Billion USD by 2022, at a CAGR of 8.38%

The global "Advanced Energy Storage Systems Market" is projected to grow at a CAGR of 8.38%, from 2017 to 2022, to reach a market size of USD 19.04 Billion by 2022. This growth is attributed to increasing renewable energy investments, growth in the electric vehicles market globally, and regulatory changes demanding energy efficiency.

The report segments the advanced energy storage systems market, on the basis of technology, into electro chemical, thermal storage, mechanical, and others. The lithium-ion sub-segment, within the electro chemical segment led the advanced energy storage systems market in 2016, and is projected to dominate the market during the forecast period. Moreover, technological advancements and growing deployment of lithium-ion batteries is expected to result in economies of scale, which would lower the cost for this technology, further driving the growth in the market.

The advanced energy storage systems market has been segmented, based on application, into transportation and grid storage. The growth in this segment is primarily driven by increasing deployment of lithium-ion batteries in the electric vehicles market. Moreover, grid expansion and investment in modern infrastructure in developing countries also present opportunities for the growth.

Energy storage system in transportation application is expected to emerge as a major segment in the AESS market, during the forecast period.

The transportation segment accounted for a major share in the advanced energy storage systems market. Lithium-Ion batteries held a major share in the transportation sector in 2016. Battery-powered vehicles available today include hybrid vehicles, plug-in hybrid vehicles, and electric vehicles. With ongoing research and development activities by major automotive companies, the usage of lithium-ion batteries is expected to increase at a rapid rate in electric vehicles by 2022.

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The lithium-ion sub-segment is expected to hold the largest share of the advanced energy storage systems market during the forecast period.

The lithium-ion battery sub-segment, within the technology segment, led the advanced energy storage systems market in 2016, and is projected to dominate the market during the forecast period. It is also expected to grow at the fastest rate during the forecast period. Varied applications of this technology including its use in large transportation applications is contributing to its growth and a larger market share.

The pumped hydro sub-segment is also one of the major segment in the advanced energy storage systems market and the growth in this market is expected to be driven by the commencement of the new utility scale pumped hydro energy storage projects in the Asia Pacific region.

Asia Pacific: The leading market for advanced energy storage systems

In this report, the advanced energy storage systems market has been analyzed with respect to four regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The energy storage systems market is expanding in developing countries owing to the progress in renewable energy installations and growth in the electric vehicles market. The Asia Pacific energy storage systems market is expected to dominate the global AESS market, with the highest share. The region is expected to maintain its dominance in the energy storage systems market during the forecast period.

Target Audience:

• Advanced Energy Storage System Technology Providers
• Electric Utilities
• Grid Operators
• Energy Storage Device/Equipment Manufacturers and Integrators
• Government Agencies
• Investors and Financial Community Professionals
• Market Research and Consulting Firms
• Microgrid Developers
• Renewable Power Generation and Equipment Manufacturing Companies
• State and National Regulatory Authorities

Scope of the Report:

• By Application
  • Transportation
  • Grid Storage
• By Technology
  • Electro Chemical
    • Lithium-Ion battery
    • Lead Acid battery
    • Sodium Sulfur (NaS) battery
    • Flow battery
    • Nickel Metal Hydride (NiMH) & Nickel Metal Cadmium (NiCd)
  • Mechanical
    • Pumped Hydro
    • Flywheel
    • Compressed Air Energy Storage (CAES) & Liquid Air Energy Storage (LAES)
  • Thermal Storage
    • Thermo Chemical
    • Sensible
    • Latent
• By Region
• Asia Pacific
• North America
• Europe
• Rest of the World

Leading Players in the advanced energy storage systems market include ABB Ltd. (Switzerland), LG Chem, Ltd.( South Korea) , Samsung SDI Co., Ltd (South Korea), General Electric Company (US), and Tesla, Inc. (US). 

Fiber Cement Market worth 17.38 Billion USD by 2021, at a CAGR of 4.80%

The market for fiber cement will grow from USD 13.75 Billion in 2016 to USD 17.38 Billion by 2021, at a CAGR of 4.80%. The market for fiber cement is growing due to growth in the construction industry and stringent regulations regarding the use of asbestos cement. Rising per capita income of the middle class has increased its purchasing power, which has resulted in an increase in the number of new constructions.

The "Fiber Cement Market" is segmented on the basis of material, application, end-use, and region. On the basis of material, Portland cement, which is the most widely used type of cement used for making concrete and mortar, held the largest market share.  It is a low-cost material and is readily available, which makes it one of the widely used materials for construction globally.

On the basis of key regions, the market for fiber cement is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is projected to grow at the highest rate from 2016 to 2021, because the countries in this region are expected to achieve high growth in the construction sector, thus triggering a huge demand for fiber cement.

Residential sector to gain maximum traction during the forecast period

The residential sector is projected to be the fastest-growing segment by 2021. Favorable and lenient lending policies initiated by governments across all regions are one of the major factors driving this sector. Durability and aesthetics of fiber cement for applications such as siding and roofing have made them a popular choice in the residential construction market.

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The siding segment contributes maximum market share to the fiber cement market

Fiber cement siding is the largest application area. This is because fiber cement siding does not require maintenance and is impervious to degradation. Also, growing construction projects, both residential and commercial, have driven the market in this segment. Other application areas of fiber cement are roofing, molding & trim, countertops, and backer boards.

Asia-Pacific to play a key role in the market for fiber cement

On the basis of key regions, the market for fiber cement is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region is the most attractive market for fiber cement. Rising economy and rapid growth in the infrastructure sector in this region have significantly impacted the growth of fiber cement. This region is projected to see the highest number of new constructions and infrastructural activities in the near future.

Target audience:

• Raw material suppliers and producers
• Regulatory bodies
• Fiber cement distributors/suppliers
• End users (builders, contractors)

Scope of the Report:

By Material

• Portland cement
• Sand
• Cellulosic material (Fiber)
• Others (paints and polymeric additives)

By Application

• Molding & trim
• Siding
• Roofing
• Others (backer boards, ceilings, countertops, and interior wall cladding)

By End-Use

• Residential
• Non-residential

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Companies such as Etex Group NV (Belgium), James Hardie Industries PLC (Ireland), Evonik Industries AG (Germany), Compagnie de Saint Gobain SA (France), and Toray Industries Inc (Japan) were the key players who adopted this strategy to increase their geographic reach and product offerings, to increase the customer base, and to stay ahead of competitors.

Offshore Support Vessel Market worth 20.15 Billion USD by 2022, at a CAGR of 4.92%

The global "Offshore Support Vessel Market" is projected to grow at a CAGR of 4.92%, from 2017 to 2022, to reach a market size of USD 20.15 Billion by 2022. This growth is attributed to increasing focus on oil & gas production at offshore fields, particularly activities in deepwater reserves.

The AHTS vessels segment accounted for the largest market share in 2016, driven by demand from Asia-Pacific, North America, and the Middle East. The market for offshore supply vessels, especially AHTS vessels and PSVs, is heavily oversupplied and there is a need to address this imbalance on the supply side in order to improve utilization and vessel rates in the current low oil price environment.

The offshore support vessel market has been categorized, on the basis of region, into North America, Europe, Asia-Pacific, the Middle East, Latin America and the Caribbean, West & South Africa, and the rest of the world. The North American market led the offshore support vessel market, with the largest market share, by value, in 2016, and the trend is projected to continue till 2022. The market in Asia-Pacific will also play an important role in driving demand for offshore support vessels.

The Middle East is a fast growing market for offshore support vessels during the forecasted period. This growth is due to the increasing focus on offshore assets in major oil producing nations, such as Saudi Arabia, Qatar, and U.A.E., in view of new gas discoveries offshore and in order to replace production from mature onshore fields.

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Anchor handling tug supply (AHTS) vessels: The largest segment of the offshore supply vessel market, by type

The offshore supply vessel market has been segmented into vessel type, depth, and region. The market has been further segmented, by vessel type, into anchor handling tug supply vessels, platform supply vessels (PSV), multipurpose support vessels (MPSV), standby and rescue vessels, crew vessels, chase vessels, seismic vessels, and others. The AHTS vessels segment accounted for the largest share of the market in 2016, while the MPSV segment is projected to grow at the fastest pace among all the vessel types. AHTS vessels are principal support vessels used for towing, anchoring, and supplying equipment to drilling rigs and production platforms, making them the largest segment of the offshore support vessel market. Demand for offshore drilling is projected to recover slowly, particularly in deepwater fields as oil prices stabilize, thus, helping the AHTS market.

The shallow water subsegment is estimated to have the highest growth rate in the offshore support vessel market, by depth.

On the basis of depth, the market has been segmented into shallow water and deepwater segments. 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 the Middle East, 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 to deepwater operations. Thus, recovering oil prices will lead to a faster increase in offshore activity in shallow water basins compared to deepwater ones.

North America: The largest market for offshore support vessels

The North American market was the largest market, by value, for offshore support vessels in 2016, driven largely by the U.S. and the Gulf of Mexico. Stabilizing oil prices have already led to oil & gas operators increasing exploration and production spending in the U.S. offshore market, with capital expenditures allocations estimated to resume steadily. Other fast-growing regions for the offshore vessel market include Asia-Pacific and the Middle East, with a growing focus on developing offshore reserves to replace maturing onshore fields.

Target Audience:

• Offshore support vessel builders
• Offshore support vessel fleet operators
• National oil companies
• Oil & gas companies
• Offshore platform operators
• Associations and industry bodies
• Consulting companies dealing with the offshore support vessel industry
• Offshore logistics and ship authorities

Scope of the Report:

By Type

• Anchor handling tug supply vessels
• Platform supply vessels
• Multi-purpose supply vessels
• Emergency response/standby and rescue vessels
• Crew vessels
• Chase vessels
• Seismic vessels
• Others

By Depth

• Shallow water
• Deepwater

By Region

• Asia-Pacific
• North America
• Latin America & the Caribbean
• Europe
• West & South Africa
• Middle East
• Rest of the World

The Leading Players in the industry, based on their recent developments and other strategic industrial activities, are Bourbon Corporation SA (France), Farstad Shipping ASA (Norway), Seacor Marine, LLC (U.S.), Swire Group, Ltd. (Hong Kong), Tidewater, Inc. (U.S.), Gulfmark Offshore, Inc. (U.S.), Havila Shipping ASA (Norway), Hornbeck Offshore Services, Inc. (U.S.), The Maersk Group (Denmark), and Siem Offshore, Inc. (Norway), among others.