Energy & Power

The global  oilfield services market  is expected to be valued at USD 139.1 billion by 2025, according to a new report by Grand View Research, Inc. These services are being increasingly implemented owing to the rising demand for energy and the development of new oilfields.  The purpose of oilfield services is to help operators control the subsurface pressures, minimize formation damage, control borehole erosion, and optimize drilling parameters including the penetration rate and hole cleaning. The burgeoning offshore industry, particularly in the Persian Gulf, is anticipated to drive the oilfield services market over the forecast period. However, the adverse environmental effects of E&P activities coupled with strict government regulations are likely to hinder the market growth. U.S. oilfield services market revenue, by service, 2014 - 2025 (USD Billion) The processing & separation segment accounted for a market share of 12.7% in 2016 and is anticipated to ascend at a

The global  solar panel recycling market  is expected to be valued at USD 384.4 million by 2025, according to a new report by Grand View Research, Inc. Rising trend towards the preference of renewable sources of energy over conventional sources considering the minimal environmental impact of the former is projected to propel the market growth over the forecast period. The mounting PV installation rates on account of dripping prices is expected to further augment the demand for solar panels. Also, the growing awareness among the users regarding the cost as well as environmental benefits associated with solar energy is likely to actuate the market demand. With the extensive research and development underway, various novel processes and mechanisms to carry out effective recycling of solar panels have evolved. Additionally, several stringent regulations and certifications of the government with regard to proper solar panel waste treatment as well as to encourage the adoption of solar

The global  thin film battery market  is expected to reach USD 1.72 billion by 2025, according to a new report by Grand View Research, Inc. Rapid adoption of wearable technology in the society, along with technological advancement is further propelling the market growth. Thin film battery has gained huge popularity due to its lightweight and small size characteristics and is expected to revolutionize the industry. Increasing demand for thin film battery to power compact devices coupled with improved safety is a major driving factor for the industry growth in the wearables and medical applications. Below 1.5 V thin film batteries are generally used in low power applications such as smart cards, wireless micro-sensors, toys, RFID tags, and medical patches. Moreover, most of the manufacturers are integrating below 1.5 V thin film batteries for various applications. These properties are expected to have a positive impact on the industry. The smart cards and medical segment are expe

The  North America soybean oil-based lubricants market  is expected to be valued at USD 364.6 million by 2025, according to a new report by Grand View Research, Inc. Increasing awareness regarding the use of biobased lubricants and a subsequent boost in demand have been key factors propelling market growth in North America. Growing environmental hazards due to petroleum-based lubricants are also anticipated to propel product demand over the forecast period. Engine oils segment held the largest market share in 2016 owing to a wide-scale usage of the product in various engine oil applications such as diesel engine oil, motor oil, and fuel additives.Soybean oil-based lubricants are widely used in engine oil applications owing to their advantageous properties such as low friction coefficient, low volatility, high flash point, and high viscosity index, which make them more suitable for lubrication than mineral or petroleum-based lubricants. The use of environmentally acceptable lubr