Oil & gas sector heavily dependent on efficient artificial lift systems

The oil and natural gas industry is the largest consumer of the artificial lift systems market, as it improves production efficiencies of existing oil reservoirs.

The energy demands of the world populace are increasing at an exponential rate. The oil & gas industry is booming as there is a greater demand for oil production from reservoirs. The extraction of oil has been made easier with the system of artificial lifts that can be used for pumping solids and extracting viscous oils from deviated wells. Technology has advanced in innumerable ways and enhanced the production efficiencies of oil fields. Nations are striving to engage in deep and ultra-deep offshore oil production to meet their individual energy demands. In such a scenario, the upsurge in subsea drilling activities gives a real boost to the artificial lift system market.

The artificial lift industry is segmented into different types such as ESP, PCP, rod lift, plunger lift, and gas lift that caters to diverse applications in the oil & gas industry. The market is establishing itself as a successful sector with the sale of different components augmenting its growth. Analysts at Allied Market Research have valued the global artificial lift system market at a figure of $16,449 million in 2015. They estimate that the industry is set to reach $34,569 million by 2022, supported by a CAGR of 11.4% in 2015–2022.

Know about Artificial Lift System Industry at: https://www.alliedmarketresearch.com/artificial-lift-system-market

Collaborations promise a diverse competitive landscape

Increasing number of nations and companies in the artificial lift market are partnering to provide a synergy of lift technologies for their energy sectors. The key market players are painting a diverse competitive landscape that looks promising when tied up with big names. For instance, GE Oil & Gas recently entered into an agreement with Petroleum Development Oman (PDO). The long-term, multi-million dollar contract is aimed at providing progressive cavity pumps (PCP) equipment and related services from the third quarter of 2016. PDO has adopted an ‘In Country Value’ initiative that is targeted at promoting local manufacturing. Such market strategies eventually lead to a dynamic market landscape as increasing number of companies take over or merge with other players, in a bid to strengthen their market presence.

Improving production efficiencies for existing reserves

New oil reserves were once detected frequently across the world. However, with tremendous demand for oil, the discovery of new reserves has decreased significantly in the past few years. The oil and natural gas have to be pumped from existing oil wells and meet the demands of energy. The focus of the artificial lift industry has shifted to maintaining better production efficiencies of old reserves. The usage of lifts including PCP, rod lift, and gas lift has gained importance to explore oil from matured oil reservoirs.

Read more at: https://www.energyvoice.com/opinion/122892/opinion-oil-gas-sector-heavily-dependent-efficient-artificial-lift-systems/

China attempts to shake its dependence on coal by turning to shale gas

Once an exciting prospect on the international energy scene, China’s long-awaited shale gas boom has failed to materialise, with interest waning as oil prices fall. Eventually, however, the country’s hunger for energy will trump all other concerns

Prior to its use with oil, the technique of fracking was actually pioneered for use in shale gas extraction; Mitchell Energy produced the first shale gas in the north of Texas in 2000. The technological process behind fracking involves extracting gas from sedimentary rocks, through a mixture of horizontal drilling and hydraulically fracturing rocks – hence the name ‘fracking’. Since 2000, natural gas production has surged, lowering the cost of the energy source around the world. Increasingly, it is now favoured over other cheap sources of energy such as coal. However, despite a crash in prices – as happened with the fracking revolution in petroleum oil – production has not fallen in a major way. Rather, shale gas is set for a continued boom.

Air sampling smoke detection on mobile mining equipment

Very early warning air sampling smoke detection (ASD) has traditionally been thought of as a technology only suited for clean environments. Many fire industry professionals believe that factors such as dirt, dust, moisture, vibration and other harsh conditions preclude the use of air sampling smoke detection because of nuisance alarms and detector maintenance issues. This is unfortunate because harsh industrial environments have a much greater risk of fire than the standard clean environment.

Industrial facilities also tend to have on-going maintenance activities such as welding and metal cutting that can set in motion smoldering and a possible fire situation well after the work has been completed. For these reasons and others, very early warning air sampling smoke detection serves to provide increased value to any industrial facility, including mining.

In terms of possible fire hazards relative to heavy machinery, these include very high voltage electrical cabinets, large motors, conveyor belts, lubricants, flammable liquids, moving parts causing friction, and less than ideal housekeeping.

Because of a worldwide risk audit of major mobile mining equipment, an international mining company was interested in evaluating secondary smoke detection options in one of their P&H 4100 electric rope shovels. The company was subsequently introduced to VESDA ASD.

This type of equipment has both very high voltage and hydraulic/lubricant potential fire hazards. It also has all the aforementioned operational challenges for air sampling smoke detection. The electric rope shovels are the beginning of the ore processing supply chain and any disruption at this point would cause problems throughout the production process. As in most mining facilities, the cost of lost production would be much greater than the cost of the lost equipment. Whilst heavy machinery fire risks exist globally, a recent fire at a Canadian gold mine’s processing facility caused the stock exchange listed company to issue guidance regarding their 2012 production and the stock price dropped 25%.

To Read More: http://ifpmag.mdmpublishing.com/air-sampling-smoke-detection-on-mobile-mining-equipment/

Why Smart Homes Will Be A Million Times Better Than 'The Jetsons'

When you think of a futuristic, fully automated home, you might picture several household gadgets working in harmony, like in The Jetsons or Back to the Future. But Gartner Research predicts that by 2020, there will be approximately 25 billion IoT-enabled devices, millions of which will likely be used to help consumers automate their homes. And Icontrol Networks reports that consumers across demographics (especially millennials and Generation Xers) are excited about owning a “smart home.”

A smart, or connected, home is defined as one where the lights, heating/ventilation/air-conditioning (HVAC), security alarm and other household devices can be automated and remotely controlled by a smartphone, tablet or computer. The key drivers in smart home adoption are home security, energy efficiency, entertainment, convenience/productivity, connectivity and health monitoring.

While Internet connectivity in homes and smartphones seem to be the driving forces in consumer adoption of smart home devices, it is the devices’ ability to work in sync with each other and improve the consumer experience that will ultimately drive mass-market home automation. By 2020, the percentage of global households with Internet access is expected to touch 69%, according to data from the UN’s ITU agency, and global smartphone penetration is expected to reach 75%.

According to research from Statista, in 2020, the value of the global smart home market will reach $43 billion, nearly triple its value in 2014. Given enhanced consumer interest in home automation, we expect to see a ripple effect on the many devices and technologies involved. In the race to dominate the IoT, companies are doing everything they can to stay ahead of the game. For example, Samsung announced at last year’s CES that 90% of the products it manufactures will be able to connect to the Internet by 2017. Below, we outline the key technologies and players in the smart home space.

 

Security

Home security has emerged as the key driver in smart home adoption. Icontrol Networks conducted a survey and found that over 90% of respondents said that home and family security would be a top reason for them to purchase a connected home or adopt a smart home lifestyle. Most smart security products are consumer-installed and -monitored devices, a category which currently accounts for only 2.3% of the market, but one that Citibank estimates will command a 34% market share in five years. Consumers want enhanced features with home security monitoring that conventional systems do not provide. Instant updates, high-quality video and ease of installation make smart security more popular.

Read more about Smart Homes, Buildings at: https://www.alliedmarketresearch.com/smart-home-automated-building-market

Global Solar Energy Market Analysis, Trends & Forecast 2020

The importance of solar energy is increasing with depleting natural resources. 39.9 percent of energy is generated with the help of coal, which contributes to environmental pollution. Solar energy is a viable alternative to fossil fuels that are also contributing to environmental pollution. Per capita investment in solar energy plant is restraining the market to adopt solar power plants. Further, low operating and maintenance cost is another important factor driving the adoption of solar power in developing countries. Solar energy is collected and utilized through various technologies such as solar PV, Solar Thermal and Concentrated PV. These technologies are promoted by the governments and power companies by giving subsidies. Research and development is being conducted on various other technologies and they are in pipeline at present. Therefore, there is an increasing demand for energy sources that are non-depleting and environmentally friendly. This is a major driving force escalating the global solar energy market. Growing energy consumption and energy crisis in developing economies has brought the importance of solar energy in developing economies such as China, India, Brazil, Canada and Germany. This report provides information about the current market trends and adoption level of solar energy technologies as well as discusses potential opportunities in this market.

The key players profiled in the reports are BHEL, Tata Power solar system Limited, Abengoa Solar SA, Areva , Canadian Solar Inc., Motech industries Inc., Renesola Limited, Solarworld AG, Sunways AG etc.

KEY BENEFITS

• The key objective of the report is to offer market analysis, current market situation and expected future trend and market intelligence to enable informed decision-making process
• Impact analysis of drivers and restrains of solar energy market
• Porters Five force model that helps understand the new energy barrier and alternative for solar energy plant
• Report implicates the top winning strategy considering current market trends
• Estimation according to current market trends for the period of 2013-2020
• To identify key investment pockets for various applications based on strategic developments of key players, revenue estimations and assessments of market growth
• To identify key players and their strategic moves

KEY MARKET SEGMENTS

• GLOBAL MARKET, BY COMPONENTS
• GLOBAL MARKET,  BY TECHNOLOGY, CONCENTRATED SOLAR POWER (CSP)
• SOLAR ENERGY MARKET BY APPLICATION
• SOLAR ENERGY MARKET BY GEOGRAPHY

KEY AUDIENCES

• Solar energy equipment manufacturers,  dealers and wholesalers
• System integrators
• Academic and research institutes
• Government departments

Advanced Energy Storage System Market By Applications

Advanced energy storage system market by technology consists of the physical medium which stores the energy to perform functions in the future. Energy efficiency is the need of the hour as global electricity demand is expected to rise by 40% from 2010 to 2040. The key driver for the market is the fact that governments across the globe are funding advanced energy storage systems (AESS). This has boosted the chances of high return on investment. Currently, more than 650 AESS projects are underway or are being developed worldwide, and it is a good leap from around 560 projects in 2012.

Asia-Pacific Solar Energy Panel Market is Expected to Reach $37.8 Billion by 2020

 According to a new report by ApacMarket.com titled, "Asia-Pacific Solar Energy Panel Market - Opportunities and Forecasts, 2013 - 2020", the APAC Solar Energy Panel Market would reach $37.8 billionby 2020, registering a CAGR of 14.8% during 2014 - 2020. Solar Panels function on the process of photovoltaics (PV), which is a method of generating electricity through the conversion of sunlight through different semiconductors. The technologies used in the generation of electricity, some of which include, mono and multi crystalline silicon, thin films, hybrid and black backed panel technology comprise of different raw materials. 

Strong government support across the countries in the Asia-Pacific region holds potential opportunities for the solar panel market. The impending need for the reduction of air pollution, carbon emissions and greenhouse gases has resulted in an increased adoption of solar panels. Energy diversification in India is essential to support the country's long term growth in solar energy power sources. The ADB (Asian Development Bank) has invested an amount of $100 million to support and empower solar power developers operating in the private sector. The Asia-Pacific Solar Energy Panel market generated a revenue of $14.9 billion in the year 2013.

Technology improvements and a rise in the demand for solar PV's should present potential opportunities for this industry in the near future. Government subsidies, eco-friendly technology and the decreasing costs of raw materials are key factors that supplement the growth of this market.

Key findings of the study:

• Presently, polycrystalline holds the largest percentage share in the market as compared to monocrystalline and thin film technologies
• Roof mounted solar panels should generate considerable revenue for the solar energy panel market, by the year 2020
• The commercial sector would grow at the highest CAGR and generate a considerable revenue for the solar energy panel market by the year 2020
• China is estimated to be the maximum revenue generating country for ground mount panels

The Asia-Pacific countries are commendably promoting the clean energy concept with large scale solar installations across the region. Solar panels are rapidly gaining acceptance and are largely used in the making of rooftops, industrial parks, utility lands, and even backpacks. In what proved to be a revolutionary concept, Japan implemented large scale installations of solar panels on water bodies across the country. Japan, presently is in the process of conceptualizing the largest floating solar installation in the world that possess a capacity to generate 15,635 megawatts of energy, annually. Frequent earthquakes and the nuclear plant tragedy has gravely hampered the energy sector of Japan. Following this, Japan has strengthened its approach towards the sources and applications of renewable energy.

The impending need for clean energy favored with strong government initiatives in major countries of the Asia-Pacific, supplement the increase in adoption of solar panels in this region. Adani Enterprises Ltd. in association with the Government of Rajasthan has announced to set up India's largest solar park with a capacity to generate 10,000 MW of electricity.

The National Development and Reform Commission (NDRC) of China has set new production targets for solar capacities to reach a minimum of 70 GW by 2017. This move should remarkably boost the solar panel market in China.


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