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Offshore mooring systems market is anticipated to witness the fastest growth over the next eight years at a CAGR of 2.6% from 2016 to 2025
The global offshore mooring systems market is expected to reach USD 1.32 billion by 2025, according to a new report by Grand View Research, Inc. Increasing oil and gas production and exploration from the offshore fields rather than the onshore and the rising development of shale drilling regions for sustainable growth in future is expected to drive the demand for offshore mooring market.
Innovation of new technologies for development of new systems in order to cater to the increasing complexity of offshore platforms along with maximum cost cutting is the major trend in the industry. The industry players are focusing on developing driverless latching systems in order to increase safety level during operations.
Spread systems were the largest product type while accounting for over 32% market revenue in 2016. These systems are majorly utilized in a wide range of applications such as mobile offshore drilling units (MODU) to the ships with catenary type being the major product category.
Single buoy moors consist of a loading/floating substance anchored offshore, which serves as an anchorage point and an interconnection for tankers stocking or offloading oil or gas or any other liquid products. The segment is anticipated to witness the fastest growth over the next eight years at a CAGR of 2.6% from 2016 to 2025.
Further key findings from the report suggest:
- Tension leg platform (TLP) dominated the global offshore mooring systems industry and was valued at over USD 350.0 million in 2015
- The drag embedment anchors (DEA) are anticipated to witness the highest growth, growing at a CAGR of over 2.6% from 2016 to 2025
- North America market is projected to witness a steady growth rate over the forecast period and is estimated to generate revenue exceeding USD 320 million by 2025
- The U.S. dominated the North America market with a market share of 81.4% in 2015, and anticipated to observe the fastest growth in the region over the forecast period
- The offshore mooring demand for FPSO in the U.S. is projected to grow at a high CAGR of 1.9% over the forecast period
- Middle East is anticipated to emerge as the fastest growing regional market with a CAGR of 3.1% from 2016 to 2025, in spite of challenges faced in deep-water drilling worldwide. Key players including BP and Total are investing in the region and have become the leading stakeholders.
- Some of the major prominent equipment suppliers to mooring service providers include Offspring International, Mampaey Offshore Industries B.V., Single Point Mooring Systems, Rigzone Mooring Systems, Fossen Shipping, and Scana Industrier ASA
For the purpose of this report, Grand View Research has segmented the global offshore mooring systems market on the basis of product, end-use and region:
Offshore Mooring Product Type Outlook (USD Million, 2014 – 2025)
- Spread Mooring
- Single Point Mooring (SPM)
- Dynamic Positioning
- Tendons & Tension Mooring
Offshore Mooring Anchorage Outlook (USD Million, 2014 – 2025)
- Drag Embedment Anchors
- Suction Anchors
- Vertical Load Anchors
- Driven pile
Offshore Mooring Application Outlook (USD Million, 2014 – 2025)
- Tension Leg Platforms
- Semi-Submersible Platforms
- SPAR Platforms
- Drill Ships
Insulated glass (IG) is a special glass made of two or three glass panes which are separated by dry air. It is measured in insulated glass units (IGUs). It is also known as double glazing. It is available in varying levels of thickness. The extra glass panes aid in regulating heat levels within homes and non-residential buildings. Its applications include doors, skylights, windows, and others. Energy efficient buildings which cab drive down energy costs by using IG is driving the insulating glass market.
Low-emissivity (low-E) insulated glass can reduce heat levels within the room. They are usually treated with low-E coatings. Windows or doors with low-E coatings can transfer heat among themselves. This allows it to regulate the temperature within the room according to the environment outside. They are approximately 15% more expensive than regular windows but save nearly 50% in energy bills. They are currently being incorporated in old buildings in Europe on account of rising energy expenses.
Double insulated low-E glass can retain twice the heat of a regular window, while triple insulated low-E glass can retain three times the energy. The European Union (EU) can utilize IG technology in all its retro buildings to meet its energy target. It aims to negate nearly 97 million tons of CO2 by 2020. Dwindling reserves of fossil fuels will prompt the EU to look towards IG as a viable option. Pilkington Optitherm™ S1 Plus is a product by NSG (Nippon Sheet Glass) which can reduce heat levels within the room.
The global insulating glass market can attain more than USD 4 billion by 2025, according to Grand View Research, Inc. Use of energy-efficient materials in the construction of residential and commercial buildings will favor market growth. Non-residential construction was the largest market application in 2015. It is estimated to grow at 8% CAGR from 2016 to 2024. Residential construction is touted to grow at a significant rate on account of residential homes being built in developing countries.
Asia Pacific captured more than 40% market shares in 2015. It had accounted for USD 846.1 million in the same year. The high regional growth can be attributed to the varied climates in China and Japan. Regional market demand can pick up due to interest in Thailand, Indonesia, and India. Europe will experience a sluggish growth rate from 2015 to 2025 (forecast period). Some prominent players of the insulating glass market are Saint-Gobain S.A.; NSG (Pilkington); and Viracon, Inc.
The demands for ballistic protective equipment have increased due to the growing external & internal safety threats as a result of conflicts between economies coupled with the growing warfare situations. The global ballistic protective equipment market is anticipated to grow rapidly from 2014 to 2025, as per a report by Grand View Research Inc. The growing demands for innovative devices as a result of various technological developments are also projected to boost the product demands during the next few years. However, high costs of the protective equipment are said to deter the growth of the global market over coming years.
Invista’s Cordura will be exhibiting their newest fabric innovations for military apparel & gear at The International Defence Exhibition and Conference (IDEX) 2017, which will be held in Abu Dhabi, United Arab Emirates during the last week of February. The IDEX is the most strategically significant tri-service defence exposition across the globe. According to Cordura, they are dedicated to bridging their strong military heritage associated with them with the innovations of tomorrow while pushing the limitations of technical soldier systems fabrics.
The range of latest hardwearing and resourceful soldier systems fabric technologies put on show will contain Flame Retardant (FR)-coated Cordura brand Polyamides for shielding vests, Solution Dyed Nylon (SDN) technologies with integrated Near Infrared (NIR)/Short-Wave Infrared (SWIR) reflectance abilities, fabrics featuring the latest patent-pending Cordura brand-qualifying “Invista T420HT fiber”, and lightweight comfort “Cordura Nyco Tactical” uniform fabrics.
The worldwide ballistic protective equipment market is expected to reach USD 5.75 billion by 2025 on account of the growing demands for ballistic protection products like armored car, headgear, shields, bulletproof vests, missiles, and eyewear among the end-users. Some of the major companies operating in the global ballistic protective equipment market are BAE Systems PLC; Toyobo Co., E. I. du Pont de Nemours and Company; Honeywell International Inc., and PSP, Inc. All such major manufacturers of ballistic protective equipment acquire the raw materials to start the production of bulletproof helmets and hard & soft armors.
The global Automotive Semiconductors Market is set on a steady growth track following the triple connectivity trends of vehicular automation, connectivity, and electrification. The areas of automotive electronics, powertrain, safety, communication electronics, and driver assistance are expected to witness elevated demand over the forecast period. Automotive semiconductors are expected to be the focal elements for vehicle manufacturers to differentiate their product and augment overall proficiency and vehicle performance. Achieving sophisticated performance levels and improved operating efficacies from the automobile has been the sole motive of automotive semiconductor technology. Semiconductor usage in automotive sector is developing predominantly owing to emissions legislations and rules, which dictate emissions extenuation in the engine and in exhaust after-treatment systems that need advance sensors for their operations.
The automotive semiconductors market is scattering in dynamic environs to virtually embrace every automated collaboration system in a vehicle. The automotive semiconductors application areas are foreseen to refurbish the mode of maneuvering sophisticated automotive processes. One of the key factors contributing to the growth of automotive semiconductors industry is surging emphasis on adoption of environment-friendly alternative fuel vehicles such as hybrid electric automobiles. Surging demand for automotive infotainment systems is expected to drive the demand of market under focus. Firm enhancements in chassis & safety features along with powertrain & convenience facilities are anticipated to derive the demand of semiconductor equipment in automobiles. Furthermore, surging emphasis on green technology, policies imposing greater perilous safety arrangements in cars such as lane departure warning, airbags, agile automotive proposals for more efficacy, directives for efficient route-finding, and communication systems are foreseen to drive automotive semiconductors market.
High initial financial investment to acquire sophisticated systems in the automobile, certain degree of sound technical expertise, high component replacement costs, and automobile maintenance are expected to emerge as major restraints to hinder the automotive semiconductors industry over next seven years.
The global automotive semiconductor market is foreseen to prosper owing to the growing use of navigation and infotainment equipment in automobiles.
The reduced profit margin triggered by pricing pressures, decreased demand for eight-bit and 16-bit micro-controller chips, selective demand for semiconductor with integrated functionality, and coordination with work procedures of automotive manufacturers are foreseen to hamper the automotive semiconductors market growth over the forecast period.
The automotive semiconductors market can be segregated on the basis of applications into powertrains, chassis control & body electronics, driver assistance systems, infotainment systems, and aftermarket locomotive semiconductor paraphernalia. Based on product type, the automotive semiconductors market can be segmented into discretes, optoelectronics, sensors, analog devices, logic devices, microcontrollers, microchips & memory, and Digital Signal Processors (DSPs).
The automotive semiconductors market is anticipated to witness a high growth as the technology initiates integration with multiple automotive control systems and adjacent arcades. The automotive semiconductors industry is expected to grow by striving to mend liquidity by plummeting fundamental costs in response to tighter credit situations.
The North American and the European markets are anticipated to report substantial growth in the automotive semiconductor applications industry due to increasing government concerns regarding public safety & security along with environmental safety. The Middle East and African markets would mature over the forecast period following a shift in focus towards energy-efficient mode of transport. Asia Pacific and China regions are expected to witness market traction rate at a normal distribution growth rate in terms of revenue owing to limited adoptability of sophisticated automobiles by these markets.
Learn more Full Market Insight Details here: Automotive Semiconductors Market Report
The global Tunable Lasers Market is expected to witness significant growth over the forecast period owing to increasing network traffic and surging bandwidth demand. This may be attributed to growing market trends such as cloud computing, Voice over Internet Protocol (VoIP), Voice On Demand (VOD) and data centers. Tunable lasers ease addition or deletion of bandwidth by remote control, thereby encouraging varied on-demand services, further fueling tunable lasers market growth.
High smartphone penetration and social networking has created huge requirement for network capacity, which is further anticipated to spur the need to meet network expansion demand through usage of tunable lasers. Surging manufacturers’ need for transmitters in metro networking markets are expected to increase tunable lasers demand in the near future. Further, invaluable factors such as flexible tuning options, cost control, competitive advantage, and implementation speed for metro network carriers are anticipated to fuel tunable laser market demand extensively.
Highly lucrative opportunity in fiber optic components market including tunable lasers is expected to propel tunable laser market demand owing to increase in capacity through dynamic configurability. The global tunable lasers market is expected to develop and expand over the next few years owing to factors such as continuous technology innovation, decelerating product prices, player consolidations, and intense competition. Surging demand across diverse range of applications such as photochemistry, spectroscopy, optical communications, and atomic vapor laser isotope separation is a key force that is expected to drive global tunable lasers market growth.
A tunable laser’s wavelength of operation can be altered in a controlled manner serving wide range of applications. Tuning is possible over a few hundreds of nanometers, when coupled with the right filter. It can be used for basic absorption and photoluminescence study. Further, it helps in mapping External Quantum Efficiency (EQE) of a device by adapting to solar cells characterization. The tunable lasers market is apprehended to witness significant growth in the next few years owing to aforementioned benefits.
Widespread usage of tunable lasers in photobiology, hyper spectral imaging, detector calibration, and spectroscopy (reflection & transmission) further fuels tunable lasers market demand. Extensive application of tunable lasers in medical segments including therapeutic and diagnostic applications is expected to drive the tunable laser market significantly. Further, upsurge in demand for laser-based facial and skin rejuvenation treatments is expected to accelerate demand for CO2 lasers, which in turn drives the tunable laser market growth. Additionally, advancement in chemistry and nanotechnology inflates applications of optics in medical sector, which further pushes the boundaries for tunable lasers. Tunable lasers market demand is foreseen to surge due to its usage in hyper spectral imaging development to facilitate early retinal disease detection.
However, despite inherent applications and benefits, the tunable lasers market may be hampered by costs, reliability, and supply guarantees. Additionally, weak performance of earlier predecessors may pose a major threat to this market. Network providers are thus finding opportunities to deliver highly reliable and performable tunable laser solutions with prices not more than fixed wavelength lasers.
Tunable lasers widely used are categorized as gas, liquid, and solid and used as per their applications. The different types of tunable lasers widely used across medical and allied sectors are excimer lasers, dye lasers, CO2 lasers, transition metal solid-state lasers, free electron lasers, semiconductor crystal, and diode lasers.
Learn more Full Market Insight Details here: Tunable Lasers Market Report
The Semiconductor IP Market is poised for high growth over the forecast period owing to the need for improving business processes and organizational productivity. Increased adoption of multi-core technology, coupled with growing design complexity in semiconductor ICs and System on Chip (SoC) is expected to drive the semiconductor IP market. Market participants actively outsource the IP design and development activities that are not core to their product differentiation. Growing trend towards adopting the services of third-party IP vendors and increased IP blocks’ licensing by industry participants are expected to play a pivotal role in the semiconductor IP industry growth.
Semiconductor IP cores are used in diverse application segments such as networking technologies, telecom infrastructure, mobiles & tablets, and computer & peripherals to save crucial design time and expenditure. In addition, these IP cores have penetrated into new application sectors including medical, industrial, defense, automotive, and aerospace to address increasing dependency on sophisticated and complex electronic systems. IP is critical in improving design productivity for advanced level design processes and thereby has considerable potential in the semiconductor market.
North America and Europe are expected to emerge as key revenue generating regions. Asia Pacific is expected to witness high growth, which can be attributed to increased electronics and semiconductor manufacturing in the region.
Proliferation of mobiles and tablets is expected to open up new growth opportunities for the semiconductor IP industry on account of growing demand for dual-core and quad-core processors . The advent of octa-core processors for smart phones is expected to offer new avenues for the global semiconductor IP market.
Learn more Full Market Insight Details here: Semiconductor IP Market Report
The Global Compressed Air Treatment Equipment Market is expected to reach USD 8.59 billion by 2020, according to a new study by Grand View Research, Inc. Surging demand for compressed air treatment equipment across a vast array of applications is expected to drive market growth over the forecast period. Compressed air systems are used by a large percentage of manufacturers on a global scale, which has necessitated treatment equipment installation so as to meet air quality standards suited for the target applications, and is also expected to spur market growth over the forecast period.
Several regulatory mandates and standards have been formulated to support production and utilization of clean air, which is expected to significantly contribute to the industry growth. However, delivering compressed air to manufacturing facilities requires equipment that is expensive, needs frequent maintenance and consumes significant amount of energy, which may pose a challenge to compressed air treatment equipment market growth over the forecast period. Technological proliferation and development of more energy efficient equipment across several applications provides avenues for market growth.
Further key findings from the study suggest:
- Dryers emerged as the most dominant product segment in 2013, and accounted for over 40% of the compressed air treatment equipment market in the same year. Dryers form a crucial component any compressed air equipment as they help remove moisture or water droplets effectively. Adsorber filters are also expected to witness significant growth over the next few years, which can be attributed its ability to easily remove any chemicals or gases within the compressed air.
- Process air is expected to remain a sizable application segment over the forecast period. This can be primarily attributed to the increased demand of compressed air treatment equipment across the food & beverage and pharmaceutical industry that require clean, oil-free, dry and sterile compressed air.
- North America emerged as the largest regional market in 2013, closely followed by Asia Pacific. North America accounted for over 30% of the global compressed air treatment equipment market in the same year. Presence of several manufacturing facilities is expected to fuel the regional market growth over the next six years.
- Key market players include Donaldson Company Inc, Atlas Copco Corp, Ingersoll-Rand, Gardner Denver Inc, Van Air Inc., Kaeser Compressors and Parker Hannifin Manufacturing Limited. Development of technologically advanced and cost-effective compressed air treatment equipment is expected to be a critical success factor for companies operating in this market.
Learn more Full Market Insight Details here: Compressed Air Treatment Equipment Market Report