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Price Fluctuations and Geopolitical Instability, Energy Companies Are Obliged To Reinvent Themselves by Investing In ICT to Increase Efficiency: Ken Research

Posted on 23 February 2018 by KenResearch Energy and Utilities ,

Energy sector (oil and gas companies) has been the biggest sector in terms of dollar value and it currently contributes a significant amount towards the national GDP of any country. However, plummeting oil prices and mounting climatic concerns have pushed the sector to look for advanced technological solutions in order to achieve sustainable growth. Report titled “ICT Investment Trends in the Energy Sector: Digital transformation and disruption will impact ICT investment strategies” discuss global market environment detailing  Network and communications equipment, software licenses, application services, and network services are primarily attracting a major proportion of the budget allocations in their respective domains of hardware, software, IT services, and telecommunications. 

Energy companies are also making considerable investments in data center facilities, network, and service desk functionality.

 

Expenditure on data center facilities is primarily driven by the requirement to devise better data storage, data recovery, and business continuity plans, while service desk functionality enable the integration of business processes into the service management infrastructure, to maintain the flow of business critical services.

 

IT investments relating to planning & project management are considered important, with the highest proportion of energy companies considering this business area as one of their top IT priorities. 

 

Meanwhile, technologies such as Internet of Things (IoT) and cloud computing are finding pervasive adoption among energy companies who are increasingly deploying these disruptive forces of transformation to attain a competitive advantage in the sector. Therefore, ICT vendors offering products and services in these domains clearly have good growth opportunities in this market.

 

Cloud computing services are witnessing an increased interest from energy companies primarily driven by benefits such as higher scalability, flexibility, cost reduction, and superior business continuity capabilities. Most energy companies are prioritizing investment in platform as a service (SaaS) and private cloud in the coming two years.

 

IoT has emerged as the next disruptive technology segment. With benefits including reduced operational time and human intervention, IoT technologies such as auto ID & mobility technologies, supervisory control & data acquisition (SCADA), real-time location tracking, and security and network sensors are gaining popularity among energy companies.

 

To know more, click on the link below

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How Iraq Oilfield Services Market Is Positioned?

Posted on 29 December 2017 by KenResearch Energy and Utilities ,

Iraq is an important oil producing nation in the global market with oil industry being the major contributor to GDP. In 2016, the country exported petroleum product worth USD 43.8 billion in 2016. Significant increase in exports was reported in terms of barrels of oil but increase in exports revenue was much lower due to drastic fall in oil prices in the global market. Revenue from oilfield service increased from USD ~ million in 2012 to USD ~ million in 2017. Revenue recognition was mainly done by major oilfield services companies which include Schlumberger, Halliburton, and Baker Hughes. Many Chinese companies have also made market entry in Iraq. The revenue generation was mainly attributed to increase in oil production and maintenance of wells and rigs which have already aged and need significant investment in developing the infrastructure.

Drilling industry is an integral part of petroleum sector as it serves as an important link between locating oil and gas reserves and extraction of these reserves from oil and gas fields. Drilling industry reported decline in revenue in 2015 to USD ~ million which further continued in 2016 to revenue of USD ~ million. It registered a minor recovery in 2017 with a growth of USD ~ million. Integrated oilfield services enable the oil companies to strategically mobilize drilling rigs, equipments and services and gain competitive advantage. The combination of these services results in an efficient, convenient and comfortable infrastructure. This trend has gained increasing popularity in the drilling industry in Iraq. Iraq is planning to start offshore oil and gas exploration which along with capacity addition in onshore is expected to boost oilfield services industry in future.

Oilfield Services Market Segmentation

By Region: Northern Iraq includes the oilfield in Kurdistan region and in 2017; it has been marred with conflicts from ISIS and separatists for independent Kurdistan. Oilfield services generated estimated revenue of USD ~ million in 2017. Majority of the revenue was from operation maintenance and production related services. Nearly ~ million barrel of crude was pumped every day which required continuous maintenance. Aging infrastructure for oil production was other reason for high demand of oilfield services. Southern Iraq generated estimated revenue of USD ~ million. Production related oilfield service was the highest as production was high in 2017.

Trends and Developments

Many international oil companies have presence in Iraq and many more have shown interest in developing the oil fields in Iraq. Iraq plans to oil capacity expansion by undertaking large export infrastructure projects and developing a diverse coalition government structure in order to attract major investments. Integrated oilfield services enable the oil companies to strategically mobilize drilling rigs, equipments and services and gain competitive advantage. The combination of these services results in an efficient, convenient and comfortable infrastructure.

Drilling Services Market Size

Revenue from oilfield service increased from USD ~ million in 2012 to USD ~ million in 2017. Revenue recognition was mainly done by major oilfield services companies which include Schlumberger, Halliburton, and Baker Hughes. Many Chinese companies have also made market entry in Iraq. The takeover of Mosul by Islamic State militants in June 2014 had fueled defense spending in 2013 and 2014, pinching the national budget so much that investments towards oil production are often insufficient to operate at max capacity leading to poor demand for oilfield services. The market for oilfield services registered constant increase in revenue in the period 2014-2017. The revenue generation was mainly attributed to increase in oil production and maintenance of wells and rigs which have already aged and need significant investment in developing the infrastructure.

Market Segmentation

Drilling services business in North of Iraq is limited due to problem of ISIS and separatist movement of independent Kurdistan. Even though production of oil was not halted, it declined significantly. It has been estimated that revenue from drilling new wells and providing other drilling related services generated revenue of USD ~ million (Provisional Estimates) in 2017. Southern Iraq was the major producer of oil in Iraq and accounted for majority of drilling related activity. Drilling and related services generated an estimated USD ~ million in 2017. Exxon and Shell were two major clients issuing drilling contracts in South of Iraq.

Source: https://www.kenresearch.com/energy-and-utilities/oil/iraq-oilfield-drilling-services-market-2022/142306-103.html

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Iraq Oilfield Services Market is Expected to Reach USD 11.2 Billion in 2022: Ken Research

Posted on 27 December 2017 by KenResearch Energy and Utilities ,

Iraq Oilfield Services Market by Region (North and South), by Type (Operations, Engineering and Fabrication, Reservoir/ Seismic Services and Exploration, Decommissioning). Iraq Drilling Services Market by Region (North and South) Market Share of Major players in Iraq Oilfield Services Market (Schlumberger, Halliburton, Weatherford, Baker Hughes and others).

December 2017 |Iraq News 

  • End of ISIS control in northern Iraq and political stability in country is expected to have positive impact on development of oil and oilfield services industry in the country.
  • Foreign companies are expected to continue their dominance in the Iraqi oilfield services market as domestic companies lack technology and R&D infrastructure.
  • Drilling Services will pick up demand as Iraq expands its oil production capacity to more than 6.0 million barrels per day.
  • Iraq drilling and oil field services is expected to register double digit growth in the Northern Iraq with services mainly related to repair and maintenance of damaged wells during war.

The Oil Ministry invited bids to develop three fields in southeastern Maysan province, Dujail, Kumait and Rifai. The Ministry of oil in Iraq has projected that country will be able to achieve an output of 6 mbopd by 2021 with majority of the oil coming from south of Iraq. Iraq is planning to start offshore oil and gas exploration to boost the OPEC nation’s reserves. All these factors are expected to have positive impact on demand for oilfield services in the country. Rising production will remain the key driver for demand for oilfield services in future with majority of the revenue coming from operation, engineering, fabrication, and installation. Seismic exploration of new areas as well as reconstruction of oilfield in the northern part is expected to drive the market in the next two years.

New investments in oil and gas sector are expected to be marred by increased defense budget and stabilizing the socio economic conditions of the country. Fear of internal conflict and poor stability of the political regime in the country creates negative investment sentiment. Lack of clarity on regulation and poor foresightedness of the government in development of oil sector may further impact the development of oilfield services in the country. Corruption is another factor that may have negative impact on investment sentiments.

Market for oil field services will be largely driven by increased production capacity and drilling industry will be largely driven by government’s plans to further enhance the production capacity. Stability in North is expected which will have positive impact on the overall oilfield services market. Schlumberger, Weatherford, and Halliburton are expected to remain the largest oilfield services company in the country. Significant rise of Chinese companies is expected considering the increased trade of oil and investment of Chinese companies in oil and gas sector of Iraq. Domestic companies in the country are also expected to gain some business but growth is expected to be much lower due to lack sufficient capital and technology.

Analysts at Ken Research in their latest publication Iraq Oilfield and Drilling Services Market by Region (North and South Iraq), by Oilfield Service Type (Operations, Engineering and Fabrication, Reservoir/ Seismic Services and Exploration, Decommissioning) - Outlook to 2022 believe that promoting political stability through dialogues and negotiations and promulgating favorable laws that promote investment sentiments among foreign investors will give boost to the oil and gas sector in the country. Investment in R&D related to detailed and scientific exploration will help better assessment of oil and gas potential and selection of area for further drilling and auctioning new field for further development.

Iraq oilfield services market is expected to register positive CAGR during the period 2017-2022. High dependency of economy on oil revenue and stabilizing political situation are expected to have positive impact on the demand for oilfield services.

The report provides information on market size of the Iraq Oilfield Services and Iraq Drilling Services Market, market segmentation on the basis of type of service, by region, and market share of major companies.

Key Topics Covered in the Report

Major Oilfields in Iraq

Iraq Oilfield Services Market

Value Chain Oilfield Services Iraq

Market Size Iraq Oilfield Services

Oilfield Services Market Trends

Number of Completed Wells Iraq

Number of Active Rigs Iraq

Iraq Oilfield Services Industry

Drivers Oilfield Services Iraq

Trends Iraq Oilfield Services Market

 Government Regulations Oilfield Services

Major Companies in Oilfield Services Market

Future Iraq Drilling Services Market

Oilfield operations revenue Iraq

Schlumberger Revenue Iraq

Halliburton Market Share Iraq

Seismic Exploration Oilfields Iraq

Political Situation Iraq Oilfields

North Iraq Oilfield Market

South Iraq Oilfield Services Market

Weatherford Market Share Iraq

Decommissioning Services Oilfield Iraq

Seismic Services Iraq Oilfield Market
 

For more information about the publication, refer to below link:

https://www.kenresearch.com/energy-and-utilities/oil/iraq-oilfield-drilling-services-market-2022/142306-103.html

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+91-1244230204

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UAE Boosting Its Visionary Power Projects for Clean Energy: Ken Research

Posted on 29 November 2017 by KenResearch Energy and Utilities ,

Power market in UAE is one of the most impressive economies in the Middle East. Tthe constituent states of Dubai and Sharjah are the key players in the country’s economic performance in terms of Gross Domestic Product (GDP). UAE is not a highly industrialized country but it was observed that there is a rapid growth in the service industry. The country possesses huge investments in real estate which has indirectly led to the growth of electricity consumption.

UAE thermal power sources market

The thermal power in UAE accounts for almost all of the country’s total installed capacity contributed by gas-based power capacity, oil-based thermal power capacity and other renewable sources such as solar power or solar thermal power. The country’s power market also includes solar photovoltaic (PV) and onshore wind power. The thermal power sources dominate the power sector and renewable energy is expected to witness a substantial growth over the coming years. The UAE government is emphasizing on development of both solar and wind projects. The renewable power generation is less than 1 TWh and the country is striving to to reach 1 TWh in the coming years. The upcoming solar power projects in UAE are the 100 Megawatt (MW) Shams 1 solar thermal power plants which are already in pipeline. The leading power companies in UAE are Abu Dhabi Water & Electricity Authority, Dubai Electricity and Water Authority, Sharjah Electricity & Water Authority.

According to the study “UAE Power Market Outlook to 2030, Update 2017-Market Trends, Regulations, and Competitive Landscape”, to accommodate the increasing demand for power consumption in UAE has directed the government to add nuclear, renewable, and coal -fired electricity generating capacity. The country’s rapid economic growth and demographic growth over the decade has saturated the UAE’s electricity grid to its limits. The power generation capacity continues to rise with utilization of natural gas. The country is the highest electricity consumer around the world with a double demand for electricity compared to the past decade. All the power sectors are regulated by the state agencies except Abu Dhabi. Independent power producers (IPPs) and independent water and power producers (IWPPs) are joint ventures in Abu Dhabi. Water and electricity in Abu Dhabi is sold to a single state owned buyer under a 20 year power and water purchase agreement.

Dubai Electricity and Water Authority (DEWA) own and operate all power production and water desalination plants in Dubai and Emirates. UAE plans to increase its power generation capacity to around 21 GW by the year 2030 through various visionary projects. These projects are under development and planning that include solar, nuclear, coal -fired, and gas –fired power generation. The country’s first domestic nuclear reactor was test operated in the year 2017 to add to the country’s growing power needs. The remaining three nuclear power reactors at the Barakah site are due to completion and International Atomic Energy Agency (IAEA) approval by the end of the year 2020. These nuclear projects are committed to provide domestic enriched and reprocessing of nuclear fuel within UAE. The country is also investing in renewable energy technologies and is committed to produce7% of its total power generation from renewable sources by the year 2020.

Solar power generation within the country has boosted the development of small and large new solar projects. Dubai has an ambitious target to produce power from clean energy by the year 2050. The government has planned to spend huge amount in the next three decades on various power sources such as solar, nuclear and clean coal initiatives. This is to wean the country from finite fossil fuel resources and to create new economic sectors while reducing carbon emissions. Several large-scale infrastructure power projects are already in the pipeline to meet the country’s power target.

UAE is making efforts to create awareness on the high levels of domestic power consumption.  It is promoting more environmentally friendly building standards with solar facilities, sustainable water desalination and clean vehicle fuels. These trends are taken up seriously by the UAE government to promote the commitment to greening its energy sector. It focuses on the production of clean energy and the need to be consumed more efficiently. A combination of renewable, nuclear and clean energy sources in the country was proposed to meet the UAE’s economic requirements and environmental goals, ensuring a comfortable economic environment across the sectors.

Source: https://www.kenresearch.com/energy-and-utilities/power/uae-power-market-market-trends/136001-103.html

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sales@kenresearch.com
0124-4230204

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Cleantech Market in Middle East Led by Increased use of Wind Energy, Declining Price of Solar PV Modules and Commitment to Improve the Renewable Energy Proportion in its Total Energy Mix: Ken Research

Posted on 22 November 2017 by KenResearch Energy and Utilities ,

Middle East cleantech energy sector is dominated by Turkey whose contribution to the cleantech sector constantly increased from 2011-2016. All sectors in the cleantech energy generation have registered positive growth with significant increase in the proportion of wind energy. Total installed capacity increased more than twice with the majority of the market captured by leading global wind turbine suppliers which included Nordex, Vestas, GE, Siemens and others. Growth rate was maximum in solar energy segment which increased by more than seven fold in 2011-2016. Turkey and Israel were the major countries which contributed to the growth of solar energy in the region. 

Solar Energy Market was majorly dominated by local, US and European panel manufacturers. Chinese panel manufacturers have increased their presence to capture the continuously growing market. Development of hydro energy was only witnessed in Iran and Turkey with total addition made during 2011-2016 exceeding the combined installed capacity from all other sources of cleantech energy in the entire Middle East region. Waste to energy is still in its infancy with commercial exploitation of geothermal sources restricted to one country in the region. EPC market for developing these projects has witnessed varying growth due to erratic nature of the market. It was hampered by instability and fluctuating oil prices in the region.

Middle East has vast area of barren land which is uninhabited making it ideal for generating renewable energy. All countries in Middle East region receive ample hours of sunlight with very good amount of solar incident energy. Oil exporting countries diversifying their energy mix and oil importing countries to reduce their dependence on imported fuel is expected to promote the growth of Cleantech energy sources in Middle East.

The report titled Middle East Cleantech Energy Market by Technology (Solar PV, Solar CSP, Wind, Hydropower) and by EPC Market Outlook to 2021by Ken Research suggested that market for cleantech energy will be driven by wind energy segment.  Global manufacturers including Siemens Gamesa, GE and Vestas will develop the majority of projects. Solar is expected to register very fast growth as many large projects are in pipeline. Growth of waste to energy will be minimal.

For more information about the publication, refer to below link:

https://www.kenresearch.com/energy-and-utilities/clean-technology/middle-east-cleantech-solar-wind-hydro-market/142275-103.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
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Growing Use of Renewable Energy Resources, Stability of the Government and Aim to Reduce the Fuel Imports will Lead Jordan Cleantech Energy Market: Ken Research

Posted on 27 September 2017 by KenResearch Energy and Utilities ,

  • The announcement of grid expansion will help in more projects coming in the cleantech segment of the country and will promote the renewable energy market segment.
  • Removing the subsidies given on the conventional energy sector will make cleantech energy more price competitive making it an attractive option for investment in energy sector.
  • Solar photovoltaic energy segment will contribute larger share in total percentage of cleantech energy mix.
  • Increasing the electricity generation by using cleantech energy sources will help in reducing the import of fuels from other countries.

The government of Jordan has taken various steps that have increased the investments in the cleantech energy sector in Jordan. It has implemented the Renewable Energy and Energy Efficiency law in 2012 to promote the use of renewable energy resources of the country and to generate electricity by using clean technologies rather than using conventional sources. The country has a target of setting up of 10.0% of renewable energy input into the energy mix of the country in the year 2020 in line with the National Energy Strategy. It aims of establishing and generating 1,200 MW of wind energy and 600 MW of solar energy by 2020. The government of Jordan reduced the amount of subsidies issued on the conventional energy sources which created unrest in the country. Removal of subsidies from the electricity generated by conventional sector will make the electricity generation by using renewable resources more competitive and will lead to the development of renewable energy sector in the country.

The country has huge potential of developing wind energy and solar energy sector in Jordan due to the suitable geographical and climatic conditions of the country. The cleantech energy sector in Jordan will increase by more than 3 times from 2016-2020. The EPC method for developing the project will continue to generate revenue for companies operating in this segment.

Jordan will be developing many solar energy projects during 2017-2019. The various projects that are in the pipeline are Baynouna project, Quweira solar power, Al-Hussein Bin Talal University campus project, Mafraq ACWA and others. Major projects coming in wind energy sector are Ma’an wind farm phase II, Fujeji wind farm, Bab al-Hawa wind farm, Ma’an wind farm phase I extension and Tafilah wind power project.

Analysts at Ken Research in their latest publication, Jordan Cleantech Energy Market by Technology (PV and CSP), Site (Onshore and Offshore) and by Type – Outlook to 2021 believe that promoting the cleantech energy sector by the government and removing the subsidies completely on the electricity generated through conventional sources of electricity will help in the development of the renewable energy sector in Jordan. Investment in R&D and organizing trade fairs to promote the sales of solar and wind equipments will help in developing the domestic industries in this segment.

Source: https://www.kenresearch.com/energy-and-utilities/clean-technology/jordan-solar-wind-cleantech-energy-market/141093-103.html

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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

 

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What is the Scenario of Cleantech Energy Market in Jordan?

Posted on 26 September 2017 by KenResearch Energy and Utilities ,

The cleantech energy market in Jordan is at a nascent stage. The market has witnessed a robust growth in the last two years. This is due to the fact that the demand for electricity has been growing due to the increase in the population, boom in the construction sector and increase in tourism. This has led to the rise of the cleantech energy segment in the country. Clean technologies include the wide range of energy sources which includes wind energy, solar energy, biomass, hydropower, bio fuels, geothermal etc. Cleantech energy has gained momentum in the recent years in Jordan however; it still contributes to less than ~% in the total electricity generated in the country. The electricity consumption of the country in the year 2015 was ~ GWh. The maximum electricity in the year 2015 was consumed by domestic and government building which consumed around ~% of the total electricity. The industrial sector consumed ~% of electricity whereas agriculture and water pumping sector consumed ~% followed by commercial sector (~%) and street lighting sector (~%).  The total electricity generated in the year 2015 was ~ GWh. The market size of cleantech energy in the year 2015 was ~ MW. The market of cleantech energy grew by more than ~% during the time period of 2015-2016 and stood at ~ MW in the year 2016.

Jordan has a huge potential for developing solar energy sector due to the suitable weather conditions. Temperature of Jordan during summer is around 32˚C which may exceed to 40˚C. The country has potential of developing the wind sector due to the favourable conditions. The wind speed experienced by the country exceeds 5m/s. The country aims at establishing and generating ~ MW of wind energy and ~ MW of solar energy by 2020. To achieve this target, the government passed The Renewable Energy and Energy Efficiency Law in the year 2012 which was amended in 2014.

Solar Energy Market in Jordan

Solar panels help in converting the energy from sunlight into electricity either directly by using photovoltaic (PV) panels or indirectly by using concentrated solar power mirror reflectors. PV systems use the solar panels either installed on the rooftops or in ground-mounted solar farms which then directly converts the sunlight into electricity. CSP plant uses the solar thermal energy to make steam and then convert the steam into electricity by using turbine.

Jordan lies in the solar belt of the world and gets the average solar radiation of 5-7 KWh/m2. Solar energy in Jordan has huge potential and the country can produce the energy of at least ~ GWh per year. The market size of the solar energy market in 2015 was ~MW and it grew to ~MW during 2016. The major solar power plants operating in Jordan are Shams Ma’an project, Adenium project, Philadelphia Solar project, EJRE Solar Plant and others.

Solar EPC Market Introduction and Size

 Engineering, Procurement and Construction contract is a particular kind of contracting agreement where the EPC contractor is made responsible for all the activities like the designing, procuring, constructing, commissioning and transferring the facility to the end owner of the project. The EPC market size of solar energy market in 2014 was USD ~ million. The market of EPC for solar segment grew by ~ times during 2014 to 2016 and stood at USD ~ million during 2016.

Source: https://www.kenresearch.com/energy-and-utilities/clean-technology/jordan-solar-wind-cleantech-energy-market/141093-103.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
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Evolution of Electronic Components Market in the US: Ken Research

Posted on 16 August 2017 by KenResearch Energy and Utilities ,

The electronic components market in the United States is segmented into active electronic components, passive electronic components and electromechanical components. Industrial electronic components are used to affect electrons in an electronic system. Active components produce energy in the form of current or voltage and passive components store that energy in the form of current or voltage. Active electronic components are semiconductors, diodes, transistors, vacuum tubes, display technologies, optoelectronic devices and others. Diodes conduct electricity in one direction and transistors are used to amplify and switch electronic signals in an electronic system. Vacuum tubes comprise of photo tubes, X-Ray tubes, cathode ray tube, phototube, magic eye tube and others. Also the display technologies include vacuum fluorescent display, LED, LCD, and Plasma display. Optoelectronic devices comprise of Opto-Isolator, Opto-Coupler, Photo-Coupler and others.

There is a growing demand of high-tech electronic products in United States such as digital cameras, gaming consoles that are contributing to the growth of electronic industry and a positive growth in the active electronic components market. Active electronic components are used in semiconductor, healthcare, manufacturing, and consumer electronics such as in computer aided systems, internet of things (IoT), automated technologies which are the major driving factors of active electronic components market.

The leading competitors in the Active Electronic Components Market in United States are Texas Instruments, Inc., Analog Devices, Inc., Maxim Integrated and others. Active Electronic Components include Semiconductors (Diodes & Triodes, Transistors, Integrated Circuits, Detectors & Emitters), Optoelectronic Devices (Opto-Isolator, Opto-Coupler, Photo-Coupler among others), Display Technologies (LCD, LED among others), Vacuum Tubes (Cathode, X-Ray among others) and others. The end users of Active Electronic Components are Consumer Electronics, Automotive, Manufacturing, Aerospace & Defense, Healthcare, and others. A study indicates that North America is dominating the active electronic component market due to increasing awareness of high-tech devices, increased requirement of miniaturization, developments of auto electronics, economic development, growing digitization, rapid industrialization and many more.

The electronic components market in United States is consistently developing and expanding at a rapid pace. A constant need for reinvention and diversification increases the importance of electronic components market due to high disposable income, increasing dependence on home, office and healthcare automation, need for digitization and portability across industries and growing demand for consumer electronics are the main factors affecting the electronic component market.

Aerospace, defense, healthcare, medical devices and telecommunications sectors are simultaneously growing in the field of electronic devices market demanding for sophisticated electronic components. In United States, the electronic components are used in the products such as, technology type and applications of the device. Cameras, musical recording, GPS navigators, recorders, video-media players, play-back devices, phones, smartphones, computers, laptop, calculators, game consoles, and many more products involved in this market.

There are 14 sub-types of passive electronic components such as capacitors (Ceramic, Aluminum, Tantalum, DC Film and AC Film Capacitors), resistors(Thick Film Chip, Network and Array, Nichrome Metal Film, Tin-Oxide, Wirewound, Thin Film, Carbon Film),  inductors (Horizontal Wirewound Inductors), Wirewound Chip Coil inductors, ferrite beads and bead arrays; multilayered chip inductors, axial and radial leaded inductors, ferrite cores, and thin film inductor chips.

The leading competitors in the United States electronic components market are ABB, AEC, API Technologies, AVX Corporation, Eaton, Datronix, Hamlin, Fujitsu Component and FCI Electronics. With the increase in the population in the United States there is a great demand for more innovative electronic products with indirectly need the electronic components which represent an ever growing market

The growing population in the United States is directly affecting the growing electronic needs of the population. The electronic components market in the United States will witness a drastic growth with the growing innovative and technological electronic products.

To know more, click on the link below:

https://www.kenresearch.com/energy-and-utilities/power/united-states-electronic-components/126236-103.html

 

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
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+91-9015378249
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UAE Genset Market is Expected to Grow Past USD 250 Million in the near Future

Posted on 23 March 2017 by KenResearch Energy and Utilities ,

According to a market research report titled "UAE Genset Market Outlook to 2021 – Rising Number of Construction Projects and Commercial Sector to Foster Growth" by Ken Research

The UAE genset market has been witnessing considerable year-on-year growth over the past decade. Several big infrastructure development projects such as Dubai land, expansion of Jebel Ali zone and growing number of small and medium businesses (SMB’s) have continuously raised the demand for genset in UAE over the period 2011-2016. During this year, the market has been largely dominated by four players namely CAT, FG Wilson Himoinsa and MTU. The UAE’s genset market has been projected to observe considerable growth over the coming years as the country’s spending on commercial development has been projected to amplify further.

Closed type gensets are protected against bad weather and theft. In an area like UAE where dust storms are a common scene, closed type of gensets are really very beneficial to protect the gensets from dust and sand.

SME’s in Dubai have witnessed around 18.0% year on year growth in Dubai over the period 2011-2016 with around 22,000 new SME’s being opened in Dubai alone during 2016. Majority of SME’s in the UAE use gensets system with KVA rating below 100. This has been the main reason behind the dominance of below 100 KVA gensets in the UAE.

Government and transportation sector has been the biggest customer of the gensets in the UAE market during 2016. This sector generates demand for both smaller gensets below 300 KVA and also large gensets of above 750 KVA.

Dubai, Abu Dhabi and Sharjah are the key contributing cities in UAE's gensets rental market. Growing tourism, construction of hotels, airport, stadiums, hospitals and expansion of transportation infrastructure are the main factors behind growth in gensets rental market. Moreover, Dubai is known for its events and festivals which last for days. Such projects generate huge demand for rental gensets in the country.

The market growth will be witnessed majorly on the grounds of growing number of SMB’s in the UAE. Numbers of SMB’s in the UAE have surged from 112.8 thousand in 2010 to 505 thousand in 2016 and the number is expected to grow at a much higher pace during the forecast period.

One of the major demand for gensets comes from construction sector. The Mohammed Bin Rashid Al Makhtoum City (MBR) is expected to be completed by 2018 at a project cost of AED 21.0 billion. This city has been projected to provide huge boost to the UAE gensets market generating demand from both commercial and the residential sectors.

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/energy-and-utilities/power/uae-genset-market-report/87316-103.html

 

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Zinc Battery Industry to Propagate Globally: Ken Research

Posted on 06 March 2017 by KenResearch Energy and Utilities ,

Ken Research has announced its recent publication titled, “Global Zinc Battery Industry In-Depth Investigation and Analysis Report 2017” which highlights the detailed comprehensive analysis of the current state of the industry with a major focus on the Chinese market. 

The report explores the Zinc Battery in the global market, particularly in countries including North America, Europe, China, Japan, Southeast Asia and India. It well offers the production, revenue, consumption, and import, export data of the regions catered to, from 2011 to 2016, along with forecasts to 2020.

Report provides a thorough knowledge of the historical information, forecasts, company profiles, technologies, market outlook, industry market trends and related parameters within the Zinc Battery Industry. 

INDUSTRY TRENDS

The compounded annual growth rate of zinc battery industry had been 2.1% for the years of review. While, industries of the zinc batteries in countries namely United States, Europe, Japan, and China have recently reckoned for 45% of the global consumer market share.

At present, the demand for portable batteries has been increasing on a daily basis since with technological improvement; high-energy pulse coupled with the battery has formed a portable device that is 60% smaller than the usual devices and even the pulse power along with batteries have delivered long-term power solutions to high-end portable sophisticated devices. The alkaline battery type segment has posed a threat to this industry during 2015 and is expected to retain its market position by the end of 2020 but the zinc batteries still carry the importance that they have had since the very beginning and consumers resist from switching to new kind of batteries as they are costly in comparison too. 

The average output growth rate of the industry in China has been registered as 2.5% and it is further trusted that it will augment speedily with an average growth rate of 2.4% in the coming years. The demand for this industry is forecasted to ameliorate unceasingly as the market of zinc battery industry veers to be concentrated in economic developed regions and the consumer markets in the region of emerging economies like China, India, Brazil, etc are on the ascend.

The global market for primary zinc batteries is projected to grow moderately at a CAGR of over 4% by 2020 and even more progress is further expected in the years to proceed after 2020 with innovations coming up and demand for much needed batteries rising as well. 

 

For more coverage click on the link below:

https://www.kenresearch.com/energy-and-utilities/power/global-zinc-battery-investigation/83023-103.html

Related links:


https://www.kenresearch.com/energy-and-utilities/power/global-rechargeable-battery-investigation/83019-103.html

https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/global-lithium-ion-battery/53872-95.html

 

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