Pumps And Valves Market For Oil And Gas Industry - Global Industry Analysis, Trends And Forecast 2015 - 2023

Increasing production of oil and gas coupled with the need to transport and refined them is expected to fuel the global pump and valves market for oil and gas industry. Hence, the global pumps and valves market is anticipated to experience a boom during the forecast period.

A device used to move fluids using mechanical fore is known as a pump. A valve is used to control and directs the flow of fluids through a pipe. Pumps and valves are very essential for economical and safe operations. Pumps and valves are used in upstream, midstream and downstream operations. In upstream operations, pumps can be used for artificial lift, pumping drilling fluids, etc. in midstream and downstream operations, pumps are used to increase the pressure of crude oil or refined products in pipelines. Valves are used for flow control of crude oil or refined products in upstream, midstream and downstream operations. The type and size of pump and valves used for a particular application depends upon the type of fluids and operating as well as environmental conditions. For example, pumps and valves used in subsea operations have to withstand harsh subsea conditions whereas in onshore operations, the conditions are less severe.

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The global pumps and valves market for oil and gas industry can be segmented on the basis of application into onshore and offshore. The pumps and valves used for offshore applications are exposed to harsh conditions such as high temperature and high pressure. Hence, they should be able to withstand such harsh conditions for safe and reliable operations. Onshore segment is expected to dominate the global pumps and valves market for oil and gas industry due to large number of exploration activities and new pipeline projects are going on for production and transportation of oil and gas. On the basis of pump type, the global pumps and valves market for oil and gas industry can be segmented into positive displacement pump and centrifugal pumps. The global pumps and valves market for oil and gas industry can be segmented on the basis of type of valves into needle valve, ball valve, gate valve, check valve, and others.

Growing energy demand has force oil and gas industry to increase the production of oil and gas. These produced fluids need to be transported over long distance. This has resulted into construction of long distance pipelines for oil and gas. This ultimately increases the demand of pumps and valves. Moreover, the use of artificial lift for economical production of oil from wells is also boosting the global pumps and valves market. The market is expected to grow during the forecast period owing to these factors. A large number of planned projects for production and transportation of oil and gas in the coming years provides a great opportunity to the global pumps and valves market for oil and gas industry.

Some of the key players in the global pumps and valves market for oil and gas industry are SPP Pumps, Flowserve Corporation, CORTEC, LLC, The Weir Group PLC, DAFRAM S.p.A., LEWA GmbH, Cameron, Cornell Pump Company, Oliver Valves Limited, PetrolValves, BuTech, FMC Technologies Inc., PERAR s.p.a, Sulzer Ltd. and L.B. Bentley Limited among others.

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Forecasts of growth in the Subsea Injection Systems Market

Subsea injection technology offers major advantages over fixed production platforms mainly in remote offshore locations, where strong ocean currents, deep water and harsh weather conditions is expected to occur and installation of pipelines becomes difficult. Subsea injection systems consist of a single retrievable liquid pump of centrifugal multistage type that is driven by a water filled motor with a filtration module. The filter unit has a self cleaning mechanism with water purging system and hydraulic actuator. The pump can also be delivered vertically for reduced environmental footprint and horizontally for lower fishing friendly structures. Subsea injection technology allows oil & gas reserves to be extracted in deeper water more cost effectively. The demand for subsea injection systems and parts is augmenting around the world, wherein the U.K. is expected to be one of the global leaders in subsea injection systems market. Furthermore, subsea injection system enables increase in the oil recovery by effective placement of well, reduced cost and space, flexibility in water flood design, no deviated wells and reduced environmental impact. Subsea injection system reduces the amount of equipment needed to be installed on topside offshore facility.

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Subsea injection systems market can be segmented based on the types of injection systems. Saltwater disposal, enhanced oil recovery (EOR) and hydrocarbon storage are some of the types that are used in subsea injection systems. In saltwater disposal, saltwater is mixed with oil & gas, when transported/transmitted to the surface. EOR injection systems are utilized to enhance the exploration and production and extend the life of oil & gas fields with the help of water flooding. In addition, hydrocarbon injection systems are utilized for underground storage of liquid hydrocarbons and crude oil. However, these injection systems are regularly needed to be monitored and tested every five years.

North America is projected to be one of the largest markets for subsea injection systems followed by Asia Pacific that is expected to be one of the dominating markets as China contributed substantially to the product demand. Exploration and production activities in offshore areas of China, Australia and Indonesia are one of the major factors behind the growth of Asia Pacific subsea injection systems market. Europe is expected to grow at a constant growth rate over the coming years. In the Gulf of Mexico, dilution rates from the sea floor are set on discharge pipe diameter and water depth. Production expenditure is anticipated to be determined in West Africa, Brazil and the U.S. (Gulf of Mexico), chiefly due to the harsh offshore sectors.

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Operational, environmental and economic benefits that will drive subsea injection systems market can be achieved with reduction of lost energy, operational flexibility, savings on chemical additives and lower development and maintenance costs. Diminished capacity, damage to disposal wells and shut down due to environmental emissions are the major restraints that lead to continuous hydrocarbon and solids upsets. Separation cost is dependent on physical and chemical characteristics of produced water. Water management services and technologies are expected to grow in line with increasing oil and gas production. Subsea injection systems have much higher monitoring requirements than traditional subsea injection systems owing to shorter response time and more complex sensors.

Some of the major players in subsea injection systems market are ConocoPhillips Co., Exxon Mobil Corp., Brunei Shell Petroleum, Chevron Corporation, CNR International Limited, Statoil ASA, Saudi Aramco, BP PLC and Talisman Energy Inc. among others.

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Subsea Boosting Systems Market Trends & Forecast up to 2023

Rising energy demand as result of growing population accompanied by increased energy applications in several industries coupled with matured onshore oil and gas fields are diverting the focus on more exploration and production of oil and gas in water levels. The continuous innovation and development in technology are aiding in generation of new opportunities to drill in ultra deep waters. The continuous appetite of enhancing oil & gas production has increased the demand for subsea boosting systems. This system is an arrangement deployed at the topside of the well to ensure the flow of fluid (oil and condensate) from the oilfields at an economical rate. Some of the key parameters that lead to subsea boosting system installations are increased water depth, increased distance from the host, heavy oil, greater number of fields tiebacks to the host and low reservoir pressure. The system primarily includes multiphase and down-hole boosting, gas compression and raw subsea water injection. Subsea boosting processes includes some of the major benefits for operator such as safer and faster start-up of low energy wells, increases the economic lifetime of the field, increased production and recovery and enables a different production strategy.

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The need to satisfy energy demand and increasing activities in water level are some of the major drivers for subsea boosting systems market. Subsea boosting systems Innovations in subsea boosting technology, providing greater reliability, performance and endurance have led to increase in demand for subsea boosting systems. Rising upstream oil and gas expenditure is expected to augment the demand for subsea boosting systems. Initial installation cost and addition of an operational stage are few restraints for the subsea boosting systems market. High investment areas for subsea oil production such as Latin America, Africa and Middle East can prove to be an opportunity for the subsea boosting systems market.

Key segment for the subsea boosting systems market constitute boosting pumps type such as twin screw pumps, helicon-axial pumps, electric-submersible pumps and others (centrifugal, counter-axial and hybrid pumps). These pumps can be sub-segmented on the basis of operational principles such as multi-phase and single phase pumps. Single-phase subsea pumps employ the dynamic pumping principle and are used in low gas volume fractions handling. Single-phase centrifuge design pump can deliver up to 350 bars of pressure. On the contrary, multi-phase pumps use helicon-axial technology and runs on a roto-dynamic pumping principle. The principle signifies added energy to a fluid mixture of water, oil and gas in the well. Twin screw pumps are used when pumping conditions carries high gas volume fractions and varying inlet conditions. Helico-axial pump is a roto-dynamic pump that is designed to add energy to a fluid mixture of oil, gas and water, and to be assembled in a multistage unit. Electrical submersible pump (ESP) consists of various components such as impeller, diffuser, bearings, shaft, submersible motor, protector, gas separator and others. These pumps are designed to operate in only series installation arrangement as it can provide higher differential pressure to boost the liquid inside the well.

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Latin America is one of the major markets for subsea boosting systems. Brazil is one of the prominent centers for subsea boosting system installations in the region. In Brazil, a large number of onshore fields are already matured and a substantial number of fields are approaching a stage of maturity. Espirito Santo and Campos offshore oil fields in Latin America are the major fields that can contribute in the groth of subsea boosting systems market. The offshore fields of Nigeria, Gabon and Angola are the major fields in Africa that has accounted for the installations of subsea boosting systems in recent past years.

Some of the major manufacturers and suppliers of subsea boosting systems are Cameron, FMC Technologies Inc., General Electric Co, Aker Solutions, Sulzer Limited, GEOG VetcoGray, Framo Mohn AS and Oceaneering International Inc.

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Global Report on Manifolds Market

The worldwide advancement in offshore and onshore oil and gas sectors is resulting to the manifolds market emergence. Oil and gas manifolds are designed to allow oil and gas flow from the separator to several points as per desire. A manifold forms an important building block to support the offshore oil and gas infrastructure. It is a distribution system for fluids from one point to another. A manifold system is composed of several components, which include pipes or tubes, fittings, expansion chambers, valves, flexible connectors, and other instruments. The basic movement of fluid is facilitated by the pipes or tubes. Fittings such as trees, plugs, elbows are used to fit the pipes to the manifold system. The function of an expansion chamber is to prevent pipeline leakage and prolong the seal life of manifolds. The expansion chamber allows the pipeline to expand up to a certain limit to combat pressure increase in the manifold systems. Valves are included to control the fluid flow throughout such systems. The flexible connectors bend easily to connect containers to manifolds or manifolds to other fixed device. Other instruments include pressure gauges, switches and several other devices required to control and monitor the fluid flow throughout the manifolds. The manifold systems are made of such materials that can tolerate the harsh operating conditions.

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One of the primary drivers of manifold market is the success of any offshore operation, which is integral to manifold system arrangement. The nations worldwide are ensuring their energy security and energy demand supply parity by supporting such offshore activities. The increased offshore oil and gas exploration and production operations require a suitable manifold set up that enables proper fluid flow and optimize its recovery. Hence a manifold market development is expected in future. Factor intervening with such market improvement is the huge costs incurred to support research and development of manifolds system to meet the future technical challenges of the advancing oil and gas sector.

A number of upcoming oil and gas projects taken up by the governments of Africa and are likely to increase the demand for manifold systems to sustain new oil and gas infrastructure. Hence such nations are expected to lead the global manifold market development in the years to come. In Asia Pacific, manifold market is assumed to show positive growth in China followed by India. The Chinese government is also encouraging natural gas pipeline infrastructure expansion to connect the production areas of northern and western parts with demand centers. Furthermore it intends to accommodate greater natural gas imports from Southeast Asia and Central Asia. The New Exploration and Licensing Policy regime of India is resulting in a significant increase in its exploration and production activities. Europe, gradually recovering from its ongoing economic recession has undertaken several exploration activities. However manifold market growth in Europe is likely to be moderate due to expected low returns. The manifold market growth in North America is also estimated to be sensible owing to the ongoing shale production in the U.S. Conversely, the minimized exploration and production operation in the Gulf of Mexico resulting in low returns is assumed to hamper such market progress in the projected period.

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The manifold market segmentation is done on the type of fluids to be carried. An oil manifold is different from a gas manifold in terms of number of valves used. A typical oil manifold is made of five ball valves while a gas manifold comprises of only two ball valves. Such market can also be segmented on the basis of designing. There are dual manifold systems comprised of two cylinders in service at a time. A single-bank manifold system is made for a single source of gas or oil supply from one cylinder bank. The manifold market can also be segmented on the type of functioning performed. Manifolds meant for disposal purpose connect the separator to crude oil burner. For measurement or storage purpose the manifolds form a link between the separator to gauge or surge tanks.

Some of the key players in manifold market are FMC Technologies Inc., GE oil and gas, Genstar Technologies, B&B Oilfield Services, LLC, CANADOIL Group Ltd., and Aker solutions ASA.

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Research Report on Subsea Electric Power Distribution Market

Subsea electrical power distribution differs from a topside system by being a point to point system with limited routing alternatives. Some deep water oil and gas reservoirs would not have been fully exploited without the help of subsea systems. Subsea electrical power distribution enables supply of all electrical loads using one single power cable. Subsea electrical power distribution system consist of subsea transformer, subsea frequency convertor and installation equipment. To ensure reliability, the equipment is enclosed in a liquid filled tank. Existing electrical power distribution solutions require one dedicated cable for each consumer (pump or compressor). Cables constitute a major cost driver for subsea processing systems and cost can be reduced by subsea power distribution. The cost reduction depends on the distance and required electrical power. The subsea electrical power distribution technology will also enable the transmission of electrical power over long distances. The subsea electrical power distribution system is important for the development of remote fields located far from the offshore infrastructure. Subsea electrical power distribution system enables to transmit, distribute and control electrical power in the megawatt range. Subsea electrical power distribution system enables electrical power to be transmitted at high voltage and the distribution system to be close to the end consumer. Subsea electrical power distribution system reduces power losses, number of subsea cables and space requirements at the topside facility. Problems caused by harmonics and resonance are reduced as system contain less number of on-load start-up motors.

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The share of oil and gas to be supplied from deeper water depths is expected to grow in the coming year due to increase investment in subsea production and processing system. The subsea electrical power distribution system will mark the end for many large offshore platforms and floats. The demand for electrical power for subsea consumer will increase with subsea electrical power distribution system solution. The driving factor in the subsea electric power distribution market is exploration of new oil reservoir in deep water and ultra deep water across the world. Subsea systems minimize environmental risks associated with the production from Arctic region and in deepwater offshore areas. Other driving factors in the subsea electrical power distribution market are; development in deeper water, longer distances, marginal fields and unexplored Arctic fields. Brazil’s interest in deep water and ultra deep water exploration and production activities across the world has increased significantly. The additional benefit of deepwater and ultra deepwater oil and gas is that new finds tend to be significantly larger than recent onshore discoveries. Exploration in deepwater and ultra deepwater offers an alternative to meet rising global energy demand. Some of the technological benefits in the subsea electrical power distribution market are; access to deeper reserve, accelerated production rate, shorter time to first oil among others. Collaborative role and joint-investment-programmers will continue to play a valuable role in technology development. In order to leverage against declining production, operators are venturing into remote and harsher locations. Australia is emerging as a major player in the global natural gas market due to the development of offshore natural gas and onshore coal bed methane projects.

Operators in Brazil, Norwegian continental shelf and China are driving subsea frontier by going in depth. Some of the global players in setting up projects in subsea electrical power distribution market are ABB Ltd., Total S.A. and Schneider Electric Corporation among others.

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District Heating And Cooling Market - Industry Overview and Key Factors

District heating and cooling (DHC) systems produce hot water, steam, hot/cold air and chilled water at a central plant. It is then transported through underground tubes and pipes to individual buildings within a specific district. This process is very energy efficient and reliable. District heating and cooling is also considered as a flexible technology as it can make use of various kinds of fuel sources. Various fuel sources used for district heating and cooling includes industrial waste heat and renewable energy sources such as biomass, geothermal and natural sources. District heating and cooling systems uses combined heat and power (CHP)/cogeneration technologies to produce steam and hot/chilled water.

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Combined heat and power (CHP) is the simultaneous production of electricity and heat from a single fuel source. CHP technology is interdependent and interlinked. It produces heating and cooling services through inter system linkage. The cooling service is provided to certain houses which in return emits out waste heat. This waste heat is utilized and processed to provide heating services to homes. This interlinked system and process reduces cost and prevents use of extra energy resources. All these factors assist to limit environmental pollution and greenhouse gases effects. District heating and cooling system provides heating and cooling services to all the homes in an area or district through a centralized system. This system requires less capital investment, risk and operational costs than systems where each building must maintain its own boiler or air conditioner to provide heating/cooling.

The district heating and cooling market today has grown manifolds since its inception and has gained immense importance since last few years. The district heating and cooling markets are very mature and are expected to register steady growth over the forecast period. Use of district heating and cooling systems provides stability of supply, cost efficiency and affordability, pollution control, optimal use of fuel resources. This positive attributes are likely to help the market to grow in the near future. However, lack of government support, subsidies along with poor maintenance of system may growth in the global district heating and cooling market. The market for district heating and cooling is likely to grow largely on account of gaining importance for energy sustainability, environment conservation and pollution control. Increase in consumer awareness and technology development is anticipated to fuel additional growth in the global DHC market. The global market for district heating and cooling can be segmented on the basis of application and geography. The market based on application segment is categorized into residential, commercial and industrial.

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Western Europe, Baltic States and Eastern Europe, East Asia Pacific and North America are some of the largest markets for the district heating and cooling systems. The highest numbers of DHC system installations are observed in European and CIS countries such as Finland, Denmark, Sweden, Austria and Russia. In Russia alone, there are more than 60,000 district heating systems. Russia and other European countries are also the largest exporter of the district heating and cooling systems. China is one of the major market for district heating and cooling systems in Asia Pacific.

Some of the key players in the global district heating and cooling market include COWI A/S, FVB Energy Inc., Helen Ltd., NRG Energy Inc., VEKS - Vestegnens Kraftvarmeselskab I/S, Vital Energi Ltd., Xylem Inc. and Korea District Heating Corporation (KDHC).

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2022 Vision: The Near Future of Smart Solar Market

Growing energy demand of developed as well as developing regions is a serious cause of concern worldwide. The conventional energy sources such as oil, natural gas and petroleum products will deplete sooner or later. This has led to initiatives of conservation of energy resources and discovery of new alternate energy sources. The near future will witness more and more adoption of renewable and alternate sources of energy. Various alternate energy sources such as wind, tidal, solar and nuclear have been applied in recent years. Solar energy is one the most abundant energy source available on earth. Various energy needs can be fulfilled with applications of solar power and solar energy systems. Smart Solar technology is a result of similar kind of innovation and research. Smart solar technology is built upon existing solar power systems and it functions in sync with the current system. This technology helps to insert ‘smartness’ in existing solar energy systems. Smart grids improve operational activities of individual devices and solar installations. Smart solar systems assist in reduction of maintenance costs, stability of grid supply, optimization of performance and appropriate computing of distribution system. There is high demand for energy management and demand driven smart solutions as it prevents wastage and makes optimum use of available energy in a smart manner. This demand for smart solar power solutions is prevalent across all verticals and industries. The smart solar industry is constantly expanding vertically and horizontally. There have been ground breaking innovations in components, solutions, services and applications across all the verticals of smart solar system.

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Global smart solar market can be segmented on the basis of smart solar solutions, smart solar services, smart solar components, smart solar applications and geographic location of smart solar system installations. The major components of smart solar system consist of smart metering devices, smart grids, supervisory control and data acquisition (SCADA) systems, radio frequency identification (RFID) and some others. These components assist in the processes of automated meter reading, energy monitoring as well as managing and analyzing energy production and consumption. Smart solar application is used for heating, cooling, producing steam, electricity and various other industrial, commercial and residential purposes. Various sectors such as healthcare, construction, transportation, agriculture, public utilities and many others have applied smart solar technology. The application of smart solar technology has also extended to various new verticals such as utility, government and public affairs, water treatment, education, logistics and distribution. Services such as consulting, construction, installation and management are offered for smart solar systems. Smart solar technology is widely adopted in regions such as North America, South and Central America, Europe, Middle East, Africa and Asia Pacific. The U.S.A, Spain, South Africa, Egypt, Iran, India and China are some of the nations which have largest initiatives for solar energy technology and smart solar systems. Asia Pacific and North America regions have a high potential growth for smart solar market.

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Today’s global smart solar market is worth more than USD 7 billion and expected to grow around USD 16 billion till 2018. The introduction of improved technology is increasing the adoption of smart solar components, solutions and services across various verticals.There is a common objective of energy preservation, green energy adoption and pollution control on a global scale. These common intentions and concerns are increasing usage of smart solar technology as well as a shift to traditional solar energy systems as a whole. Rising electricity bills, positive social implications and environmental concerns coupled with latest technology and innovations are the driving factors for the fast adoption of smart solar systems on a global scale. In addition, cost controlling and investments by solar industry members are expected to boost global smart solar market growth in future.Although, high initial capital cost, product instability, inefficiency and lack of awareness could pose a threat to smart solar industry.The solar sector has been developing in recent years. Even the economies of nations are increasing rapidly which could offer new opportunities for smart solar industry. The smart solar global industry outlook is looking positive for upcoming years.

Some of the major players operating in smart solar industry are involved in smart solar products, solutions as well as consulting and management services. Some of the important players are ABB Schweiz AG, BPL Global Ltd., Echelon Inc., HCL Technologies Ltd., Itron Inc., Schneider Electric Inc., and SunPower Inc. Some other prominent players in smart solar industry are Silver Spring Networks Inc., Trilliant Holdings, Inc. and Urban Green Energy Inc.

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