(MENAFN- America News Hour) The
average rate of growth of energy consumption had almost doubled since 2010 and
grew by 2.3% in 2018.
CRIFAX added a report on 'Global Subsea Manifolds Market, 2020-2028' to its database of
market research collaterals consisting of overall market scenario with
prevalent and future growth prospects, among other growth strategies used by
key players to stay ahead of the game. Additionally, recent trends, mergers and
acquisitions, region-wise growth analysis along with challenges that are
affecting the growth of the market are also stated in the report.
The global Subsea
Manifolds market is estimated to observe significant growth, owing to several
factors affecting the demand for energy from various sectors that include
residential, commercial and public services and transport sector, apart from
growing population, rapid growth in industrial and residential sectors,
increase in demand for heating and cooling from among the global population,
due to changes in climate conditions that is driving the growth of the market over
the forecast period (2020-2028). International Energy Agency (IEA) has
mentioned in its report that global demand for energy has risen by 4% (900 TWh).
Click to Download Complete Sample Report@ https://www.crifax.com/sample-request-1007559
Several
sectors have witnessed high levels of energy consumption globally, with the
industrial segment consuming the highest of about 8945 TWh in the year 2017 as
compared to 8699 TWh of energy consumed in 2016. ).
Moreover, International Energy Agency (IEA) had also mentioned in its report
that in 2018, the average growth rate of energy consumption had almost doubled
since 2010 and grew by 2.3% in 2018. Additionally, CO2 emission levels arising from production of energy had
recorded an increase of 1.7% reaching about 33 Gigatonnes. Many governments
across the world have introduced stringent policies and regulations for
reducing carbon emissions that is destroying the environment.
Nations such
as China, India and United States are creating a huge demand for energy
globally, with at least 70% of total energy demand coming from these nations. Moreover,
the awareness on climate change has been increasing which is
encouraging many manufacturers to implement sustainable energy strategies to
prevent further environment degradation. In 2018, United States of America had recorded the highest demand for
oil and gas across the world. High levels of power consumption was reported by
China and United States of America which was about 5537 TWh and 3738 TWh of
power consumed respectively in 2017. On the other hand, electricity
contribution stood at 37.2% from non-OECD countries such as China, India,
Russia and Brazil, with China generating 46.7% which is the highest share of
power consumed among these nations. These factors are predicted to drive the
growth of the market over the forecast period.
Click To
Download Sample Report: https://www.crifax.com/sample-request-1007559
To provide better understanding of internal and external
marketing factors, the multi-dimensional analytical tools such as SWOT and
PESTEL analysis have been implemented in the global Subsea
Manifolds market report. Moreover, the report consists of market
segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth
(%), Porter's five force model, absolute $ opportunity and anticipated cost
structure of the market.
About CRIFAX
CRIFAX is
driven by integrity and commitment to its clients and provides cutting-edge
marketing research and consulting solutions with a step-by-step guide to
accomplish their business prospects. With the help of our industry experts
having hands on experience in their respective domains, we make sure that our industry
enthusiasts understand all the business aspects relating to their projects,
which further improves the consumer base and the size of their organization. We
offer wide range of unique marketing research solutions ranging from customized
and syndicated research reports to consulting services, out of which, we update
our syndicated research reports annually to make sure that they are modified
according to the latest and ever-changing technology and industry insights.
This has helped us to carve a niche in delivering 'distinctive business
services' that enhanced our global clients' trust in our insights and helped us
to outpace our competitors as well.
Contact Us:
CRIFAX
Email:
U.K. Phone: +44 161 394 2021
U.S. Phone: +1 917 924 8284
michael
Michael is a freelance writer with high proficiency for technical content writing. He loves to write on recent trends and developments taking place across industries owing to his keen interest for research. He has strong professional skill required to conduct in-depth industry analysis in addition to several other subject areas such as working on new innovations and technology, strategic planning, business strategies and market research. Further, my major areas of interest are on subjects such as ICT, energy and power, and healthcare.
MENAFN09042020007010068ID1099995067
-MENAFN09042020007010068ID1099995067-->
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.