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Energy storage can be described as a technology that provides an option to supply power as and when required without reverting to fossil energy sources. Additionally, technological advancements have resulted in the integration of higher shares of variable power in economic sectors that has in turn contributed to the development and decarbonization of the whole energy system. The energy storage market has witnessed considerable growth over the past few years on account of the volatile crude oil prices and increasing concer ...Continue Reading
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The global power rental market is driven by the rising grid instability of conventional grids. Power rental plants provide better flexibility, reliability, speed and cost-effectiveness. Additionally, the alternating power spikes is expected to contribute to the global market growth. The global power rental market is expected to benefit from the rising awareness about cut down on energy demand during peak hours. Other factors that are expected to fuel the global
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The global well cementing services market is projected to grow at a significant level, during the forecast period (2016-2022), on account of increasing demand for energy that has urged exploration and production (E&P) companies to increase investments in onshore and offshore oil and gas reserves. Additionally, the growing E&P activities for recovering unconventional hydrocarbon sources like shale gas, tight gas and coal bed methane are further
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The global liquefied natural gas (LNG) bunkering market is growing significantly, due to high environmental concerns across the globe and increased bunkering of LNG as marine fuel. The International Maritime Organization (IMO) is the United Nations specialized agency, which is involved in setting the standards for safety and security of international shipping and prevention of
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Some of the drivers behind the growing demand of global LPG market include increasing consumption of autogas, and large semi-urban and rural populations in Africa, Latin America and Asia-Pacific, using cheap and easily available LPG as a cooking fuel. However, volatility in crude oil prices leading to LPG price uncertainty is expected to hamper the growth of global LPG
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