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mechanalyticglobal · 2 months ago

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What is ISI Mark Certification and How Can It Help Your Business?

ISI Mark Certification is a symbol of quality and safety for products sold in India. Issued by the Bureau of Indian Standards (BIS), the ISI mark ensures that a product meets the required Indian standards of safety and quality. With the Indian market being highly competitive, obtaining this certification can significantly enhance your business’s credibility, ensuring customer trust and regulatory compliance.

In this article, we’ll explore what ISI Mark Certification is, why it's important, and how it can benefit your business.

What is ISI Mark Certification?

The Indian Standards Institute (ISI) was set up in 1947, and the ISI mark is one of its most recognized symbols. This mark certifies that a product complies with Indian safety and quality standards. Over the years, the responsibility for issuing ISI certifications was transferred to the Bureau of Indian Standards (BIS), but the ISI mark remains synonymous with trust.

Products with ISI marks undergo strict quality checks and testing to ensure they meet the relevant Indian standards. These standards cover various industries, including electrical appliances, automotive parts, cement, packaged drinking water, and more.

Importance of ISI Mark Certification

Consumer Trust and Confidence: Indian consumers value products that are certified as safe and reliable. With the ISI mark on your product, customers are more likely to trust your brand, knowing that your product meets rigorous safety and quality standards.

Legal Compliance: Some products in India are mandatory to be ISI certified by law. For instance, helmets, electrical appliances, and LPG cylinders cannot be sold without an ISI mark. Compliance with such regulations ensures your business avoids legal issues and penalties.

Market Acceptance: Many retailers and distributors prefer to stock ISI-certified products because they are seen as more reliable and safe for consumers. An ISI mark can help your business gain wider market acceptance and expand its reach.

How Can ISI Mark Certification Help Your Business?

Enhanced Product Quality: One of the main benefits of ISI Mark Certification is that it pushes manufacturers to meet higher quality standards. When you apply for the certification, your product undergoes rigorous testing, ensuring that it meets or exceeds industry requirements. As a result, businesses can improve the overall quality of their products, reducing customer complaints and increasing satisfaction.

Boost in Sales: Products that display the ISI mark are perceived as safe and of high quality by consumers. According to a survey by Statista, 83% of Indian consumers consider product quality and certification as a deciding factor when making a purchase. [Statista, 2023]. By having the ISI mark on your product, you position your brand to attract more customers and increase sales.

Competitive Advantage: In a crowded marketplace, businesses that offer ISI-certified products stand out from the competition. An ISI mark adds credibility to your business, making your product more appealing to both consumers and distributors. It provides a significant advantage, particularly when competing with brands that do not have any certifications.

Access to Government Contracts: Many government projects and tenders require businesses to supply ISI-certified products. By having the ISI mark, your business becomes eligible to bid for these contracts, opening up new revenue streams and opportunities for growth.

International Recognition: Although the ISI mark is specific to India, it is widely recognized in international markets as well. If your business plans to export to other countries, having ISI-certified products can enhance your brand’s credibility and help you meet the safety standards of various nations.

Reduced Risks: Products that meet the ISI standards are less likely to be recalled due to quality issues, as they have already passed stringent testing. This reduces the risk of financial losses, legal problems, and damage to your brand reputation.

How to Get ISI Mark Certification

The process of obtaining ISI Mark Certification involves product testing and documentation. Working with a reliable certification service provider can help streamline this process. From preparing documents to ensuring compliance with Indian standards, these consultants can make it easier for businesses to get certified.

At Mechanalytic Global Services LLP, we specialize in guiding businesses through the process of obtaining ISI Mark Certification. With our expertise and industry knowledge, we help companies of all sizes navigate the certification process, ensuring compliance and timely approvals.

Conclusion

In today’s competitive market, having ISI Mark Certification is a smart business move. It ensures product quality, builds consumer trust, and opens up new opportunities for growth. Whether you’re a local manufacturer or an international business, obtaining the ISI mark can help your brand gain credibility and market acceptance in India.

If you’re looking to get your products ISI-certified, Mechanalytic Global Services LLP is here to help. Contact us today to learn how we can assist you in securing your certification and expanding your business.

#isi certification #isi mark certification #best isi certification services in noida #bis certification services #fmcs #bis certification services in noida

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imarcmarketreport · 9 months ago

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LPG Tanker Market Size, Demand, Growth and Opportunity 2024-2032

IMARC Group's report titled "LPG Tanker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global LPG tanker market growth. The global marketis expected to exhibit a growth rate (CAGR) of 5% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/lpg-tanker-market/requestsample

Factors Affecting the Growth of the LPG Tanker Industry:

Rising Demand in Residential and Commercial Sectors:

The increasing demand for liquefied petroleum gas (LPG) in residential and commercial sectors is impelling the market growth. LPG serves as a primary fuel for cooking and heating due to its accessibility and cleaner-burning properties compared to traditional biomass and coal. Besides this, the growing utilization of LPG in commercial sectors, such as restaurants, hotels, and small industries, is offering a favorable market outlook. The need to transport LPG from production sites or import terminals to these dispersed consumption centers necessitates a robust and efficient tanker fleet capable of handling varying volumes and ensuring consistent supply.

Development of LPG Infrastructure:

Rising investments in LPG infrastructure is impelling the market growth. Many countries are rapidly developing their LPG distribution networks, including storage facilities, cylinder filling stations, and pipelines. This infrastructure development is often supported by government initiatives aimed at promoting LPG usage to reduce reliance on more polluting fuels. As these nations improve their LPG infrastructure, the need for importing LPG increases, thereby catalyzing the demand for LPG tankers. Furthermore, as these infrastructural projects mature, they facilitate larger import volumes and more efficient distribution, encouraging further investment in tanker capacities to meet the growing demand.

Integration of Advanced Technology for Safety and Efficiency:

The increasing integration of advanced technology in LPG tankers for enhanced safety and efficiency is contributing to the market growth. Modern LPG tankers are equipped with sophisticated navigation systems, automation, and cargo-handling technologies. These advancements not only improve operational safety, reducing the risk of accidents and environmental spills but also enhance fuel efficiency, contributing to lower greenhouse gas emissions. The growing focus on sustainability and compliance, coupled with the implementation of stringent environmental regulations, is further encouraging innovations in tanker design, including the use of cleaner fuels like liquefied natural gas (LNG) for propulsion and the incorporation of energy-efficient technologies.

Leading Companies Operating in the Global LPG Tanker Industry:

BW Group

Dorian LPG Ltd.

EXMAR, Hyundai Heavy Industries Co. Ltd.

Kawasaki Heavy Industries Ltd.

Kuwait Oil Tanker Company S.A.K

Mitsubishi Heavy Industries Ltd

StealthGas Inc.

STX Corporation (Afc Mercury Co. Ltd)

The Great Eastern Shipping Co. Ltd.

LPG Tanker Market Report Segmentation:

By Vessel Size:

Very Large Gas Carrier

Large Gas Carrier

Medium Gas Carriers

Small Gas Carrier

Very large gas carrier represents the largest segment due to its capability of transporting large quantities of LPG over long distances.

By Refrigeration and Pressurization:

Fully Pressurized

Semi-pressurized

Fully Refrigerated

Extra Refrigerated (Ethylene Gas Carriers)

Fully pressurized accounts for the majority of the market share as they are ideal for short-haul transportation and can carry a wide range of gases at relatively low costs.

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Europe dominates the market owing to its extensive LPG distribution network, rising demand for clean energy sources, and implementation of stringent environmental regulations promoting LPG use over more polluting fuels.

Global LPG Tanker Market Trends:

The increasing focus on retrofitting and modernizing existing LPG tankers is impelling the market growth. The commitment of the shipping industry to reduce its environmental footprint is encouraging operators to upgrade their existing fleets instead of investing in new models. Retrofitting older tankers with newer technologies is enhancing their efficiency and environmental performance. This includes installing advanced emission reduction systems, upgrading propulsion and navigation systems, and enhancing cargo handling capabilities. By modernizing their fleets, shipping companies are extending the lifespan of their vessels, ensuring compliance with international regulations, and remaining competitive in the market, all while mitigating the costs associated with acquiring new ships.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

#LPG Tanker Market

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udhyam · 1 year ago

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Transforming Iron Business To Spark a Revolution in Livelihood Projects

By assisting them in switching from coal to better LPG iron boxes, the Istri Project is enabling Istri vyapaaris to improve their economic situation by transforming iron business.The industry is being disrupted by the innovative approach of the Istri Project, an effort that aims to empower communities and alter ironing practises. The initiative is pushing economic growth, facilitating market change, and promoting sustainability in Bangalore and Chennai by introducing LPG iron boxes as an excellent substitute for conventional coal-based iron boxes. Traditional challenges for vyapaaris who iron clothes include spending up to two hours a day heating coal and the iron box and travelling great distances to obtain coal. These factors have a negative impact on productivity and waste time.

LPG iron boxes have offered a revolutionary approach that is more convenient and efficient. They take less than two to three minutes to heat up, thus cutting down on vyapaaris' waiting periods. An ironing vyapaari from Bangalore who has gone through the changeover said that they don't need to drive 20 kilometres in order to get coal. I've said goodbye to those tiresome trips with the LPG box. It has greatly increased my revenue in addition to saving me time. I can't wait to tell other ironing fans outside of Bangalore about this.

The World Health Organisation states that burning coal releases chemicals harmful to human health, such as nitrogen oxides, sulphur dioxide, and particulate matter.

In addition, coal is costly and in unpredictable supply, and its particles can burn clothing.

In order to assist in cleaning up this industry, Udhyam, which focuses on skill development for small business owners and schoolchildren, created The Istri Project in 2019. Because LPG was more affordable and efficient than coal, Udhyam decided to use it. The nonprofit created a prototype, gave it to ten iron workers in the city, along with a free trade 5-kg LPG cylinder, and provided them with training on how to use the apparatus. The iron box functions similarly to a gas stove since a conduit connects it to the cylinder and directs gas into the box.

The iron vyapaari warms the base by lighting a small flame within the box with a lighter, which ignites the gas. A knob is used to regulate the flame. Any commercial gas agency can replace the gas cylinders once they have been used. Because these free-trade cylinders don't need an address proof, they may be obtained by only depositing the equipment's cost, which can then be refilled at a rate set by the state government. After getting preliminary feedback from the ten ironers, Udhyam distributed more irons and cylinders on a bigger scale with funding from other financiers and corporate responsibility programmes.

Similar to Babu, a number of ironers mentioned that coal irons required almost an hour to set up, but LPG irons heated up in about two minutes thus transforming iron business. According to the non-profit, using LPG irons allows ironers to press 9–12 more items and save an average of 133 minutes each day. Additionally, they save about Rs 850 a month on petrol.

It thus becomes easy to increase their monthly income by up to 27% by switching to an LPG iron. Udhyam's LPG irons are now used by 3,000–4,000 ironers in Bengaluru. The effects of the Istri Project- transforming iron business go beyond ease of use and financial gain. With an annual decrease of 2.5K tonnes of coal, the initiative has made significant progress towards a more environmentally friendly future.

Additionally, it has improved the lives of more than 5,000 vyapaaris, leading to a notable yearly uplift of more than Rs. 25 crores. The project's scalability and efficacy are shown by its impact multiple of money (IMM), which is 44x for indirect value and 22x for direct value.

We are thrilled to see how the Istri Project is changing lives. The goal is to provide sustainable solutions that will enable nano entrepreneurs to make a living. By substituting cutting-edge LPG alternatives for conventional coal iron boxes, we are not only improving the vyapaaris's economic circumstances but also clearing the path for a more efficient and greener future.

The Istri Project by Udhyam Learning Foundation has spread its influence to several other cities around the nation after its incredible success in Bangalore and with a track record of community empowerment and sustainable practices. For further information on the Istri Project and its aim to transform ironing procedures, kindly click on: www.udhyam.org/vyapaar/theistriproject.

#Transforming_Iron_Business #udhyam #Organization

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jyothigas · 1 year ago

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Understanding the Cost of Gas Cylinder and Gas Cylinder New Connection Price with Jyothi Gas

Gas cylinders have become an integral part of our daily lives, providing a convenient and efficient source of cooking fuel. As consumers seek information about the cost of gas cylinders and new connection prices, it becomes essential to understand the factors that influence these prices. In this blog, we will explore the cost of gas cylinders and the gas cylinder new connection price, with a focus on Jyothi Gas, a reputable supplier committed to delivering quality and affordability.

The Cost of Gas Cylinder:

The cost of a gas cylinder is determined by various factors. These include the cost of the cylinder itself, transportation expenses, taxes, and government regulations. Additionally, market dynamics and fluctuations in raw material prices, such as LPG, can impact the overall cost. It is crucial for consumers to consider these factors while assessing the cost of gas cylinders.

Jyothi Gas - Providing Transparent and Affordable Gas Cylinder Prices:

Jyothi Gas is dedicated to ensuring transparency and affordability when it comes to the cost of gas cylinders. By offering competitive prices, Jyothi Gas aims to make cooking fuel accessible to a wide range of consumers. Their commitment to fair pricing and quality service sets them apart as a trusted supplier in the industry.

Gas Cylinder New Connection Price:

Obtaining a new gas cylinder connection involves certain expenses. The gas cylinder new connection price typically includes the cost of the cylinder, the regulator, safety equipment, and installation charges. These charges may vary among different suppliers and are influenced by factors such as local regulations and additional services provided.

Jyothi Gas: Offering Affordable Gas Cylinder New Connection Prices:

Jyothi Gas understands the importance of affordable gas cylinder new connection prices for consumers. They strive to make the process of obtaining a new connection hassle-free and cost-effective. By providing competitive prices for new connections, Jyothi Gas ensures that consumers can access clean and efficient cooking fuel without financial burdens.

Factors Affecting Gas Cylinder Costs and New Connection Prices:

Several factors influence the cost of gas cylinders and new connection prices. Fluctuations in raw material prices, transportation costs, government regulations, and taxes are key factors that impact the overall pricing. Additionally, market competition and supply-demand dynamics can influence prices in the gas cylinder industry.

Quality and Safety Assurance:

Jyothi Gas places a strong emphasis on quality and safety in all their products and services. They adhere to strict quality control measures to ensure that every gas cylinder meets the highest standards. Additionally, Jyothi Gas prioritizes safety by providing appropriate safety equipment and following stringent safety protocols during installation and delivery.

Customer-Centric Approach:

Jyothi Gas is committed to providing exceptional customer service and support. Their website offers a user-friendly interface that allows customers to easily access information about gas cylinder costs, new connection prices, and other related services. Additionally, their responsive customer support team is available to address any queries or concerns promptly.

Conclusion:

As consumers seek information about the cost of gas cylinders and new connection prices, Jyothi Gas emerges as a reliable and customer-centric supplier. By offering transparent and competitive prices, Jyothi Gas ensures that consumers have access to clean and efficient cooking fuel without financial burdens. Their commitment to quality, affordability, and safety sets them apart as a trusted choice for gas cylinder needs. Whether it's assessing the cost of gas cylinders or obtaining a new connection, Jyothi Gas strives to provide a seamless and satisfactory experience for their customers. Visit https://www.jyothigas.com/ for further details.

#Gas Cylinder New Connection Price #Cost Of Gas Cylinder

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article-research · 3 years ago

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LPG Regulators for Cylinders Market Size, Share, Growth Opportunity and Trends by Growing CAGR Till 2026

The global LPG Regulators for Cylinders Market report offers a comprehensive assessment of the market for the forecast years. The report contains several segments and an analysis of the market trends and growth factors that are playing a vital role in the market. These factors encompass the drivers, restraints, and opportunities. This globe industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.

The key market players for the global LPG Regulators for Cylinders market are listed below:

Emerson

Kosan

EFFBE

Cavagna Group

Mauria Udyog

Rotarex

Vanaz Engineers

Katsura

ÖZSOY PRES

TRANS VALVES

Wision

ECP Industries

Integrated Gas Technologies

Kabsons Gas Equipment

Others

Click here to get a FREE Sample Copy of the LPG Regulators for Cylinders Market Research Report @ https://www.decisiondatabases.com/contact/download-sample-19572

The Global LPG Regulators for Cylinders Market Report is equipped with market data from 2016 to 2026. The report gives a market overview covering key drivers and risk factors. The report is bifurcated by top global manufactures mentioning sales, revenue, and prices as applicable. It also evaluates the competitive scenario of the leading players. The report expands to cover regional market data along with type and application. The report forecasts sales and revenue from 2021 to 2026. The detailed sales channel is also covered in the study.

COVID-19 Impact Analysis on LPG Regulators for Cylinders Market

The global pandemic COVID-19 has affected the LPG Regulators for Cylinders market directly or indirectly. This study covers a separate section giving an explicitly clear understanding of the aftereffects of this pandemic. The detailed study highlights the probable outcomes of this global crisis on the LPG Regulators for Cylinders industry. The impact study on production, supply-demand, and sales provides a holistic approach to the future.

Do You Have Any Query Or Report Customization? Ask Our Market Expert @ https://www.decisiondatabases.com/contact/ask-questions-19572

Why Purchase this Report?

A robust research methodology has been followed to collect data for the report. Data, thus collected passes through multiple quality checks to ensure the best quality is served.

The report gives a holistic view of the competitive scenario of the LPG Regulators for Cylinders market

The latest product launches along with technological changes and development are covered in the report.

The data analysis in the report helps in understanding the anticipated LPG Regulators for Cylinders market dynamics from 2021 to 2026.

DecisionDatabases has a vast repository of data, therefore, we can accommodate customized requirements also.

The graphs, tables and pie charts, and info-graphics covered in the report will help in a better understanding of the report.

The market drivers, restraints, upcoming opportunities, and anticipated restraints cited in the report will assist in making an informed decision.

To better understand the market scenario, the LPG Regulators for Cylinders market is segmented as below:

By Types:

Low-Pressure Regulator

High-Pressure Adjustable Regulator

Middle-Pressure Regulator

By Applications:

LPG Households

LPG Outdoor

LPG Automotive

LPG Industrial

Others

By Regions:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of L.A.)

The Middle East and Africa (Turkey, GCC, Rest of Middle East)

The content of the study subjects includes a total of 14 chapters:

Chapter 1: To describe LPG Regulators for Cylinders product scope, market overview, market opportunities, market driving force, and market risks. Chapter 2: To profile the top manufacturers of LPG Regulators for Cylinders, with price, sales, revenue, and global market share of LPG Regulators for Cylinders in 2018 and 2019. Chapter 3: The LPG Regulators for Cylinders competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4: The LPG Regulators for Cylinders breakdown data are shown at the regional level, to show the sales, revenue, and growth by region, from 2015 to 2020. Chapter 5 and 6: To segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020. Chapter 7, 8, 9, 10 & 11: To break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2016 to 2021 and LPG Regulators for Cylinders market forecast, by regions, type, and application, with sales and revenue, from 2021 to 2026. Chapter 12, 13 & 14: To describe LPG Regulators for Cylinders sales channel, distributors, customers, research findings and conclusion, appendix, and data source.

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DecisionDatabases.com is a global business research report provider, enriching decision-makers, and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research reports, customized research reports, company profiles, and industry databases across multiple domains. Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise, and meaningful data at a lightning speed.

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#LPG Regulators for Cylinders Market #LPG Regulators for Cylinders Market Size #LPG Regulators for Cylinders Market Share #LPG Regulators for Cylinders Market Trends #LPG Regulators for Cylinders Market Forecast #Global LPG Regulators for Cylinders Industry Report #LPG Regulators for Cylinders Market Analysis #LPG Regulators for Cylinders Market Factors #LPG Regulators for Cylinders Market Demand

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theanniestoresworld-blog · 6 years ago

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Best Induction Cooker/Cooktop/Stove in India in 2019 Review Reviews & Buyer's Guide

When it comes to taking a step forward in technology that changes the traditional methods of doing a specific task, people think a lot. Here the specific task is cooking, the traditional method is using a gas stove, and the step is to start using an induction cooker. There are a lot of questions when it comes to using an induction cooker, which makes it difficult for people to take a step ahead. We at Bijli Bachao are here to answer them and help people get rid of the confusion. This article aims at providing all the relevant information on Best Induction cookers/cooktop/stove in India in 2019.

Table of Contents

How induction cooker works Induction cookers in Indian kitchen and cookware Cost of cooking on induction cookers Are induction cookers expensive? Are induction cookers faster than LPG stoves? Efficiency of induction cookers Safety of induction cookers Pros and Cons So, what did we cook? Best Induction Cookers in India in 2019 References: Discussion Forum How induction cooker works Induction cookers work on the principle of electromagnetism. There is a coil of copper wire placed below the cooking surface (generally made of glass-ceramic), above which the cooking vessel is placed. An alternating current flows through the coil, which creates a magnetic field. The vessel kept above the cooking surface gets induced with a current due to the magnetic field. This current flowing in the vessel, through the cooking surface, generates resistive heating which inturn heats the food in the vessel. Instead of heating the area around the vessel, like in the case of a gas stove or an electric stove, an induction cooker heats the vessel only. This leads to less wastage of heat, in turn keeping the kitchen cool.

InductionCooktop1

Flipkart Induction cookers in Indian kitchen and cookware Most of the Indian dishes that are cooked on a regular basis in every house, can be prepared using an induction cooker. Some brands of induction cookers also provide specially programmed cookers with preset functions for Indian cooking. But some Indian food like phulkas (chapattis) can get difficult to be cooked on it.

Induction cookers require compatible cookware to work with it. Utensils made up of ferromagnetic (having magnetic properties) material like iron and steel can only be used. If you want to test whether your existing cookware is compatible or not, simply take a magnet near the base of the cookware, if it clings, your cookware is compatible.

Cost of cooking on induction cookers The cost benefit of using induction cooker depends on the price of electricity and gas (PNG or LPG) in your city. If cost of electricity is much higher (more than Rs 5 a unit), then it might not be economical to use Induction Cookers. If cost of electricity is low and PNG/LPG are unsubsidized or expensive, then Induction cooker will turn out cheaper to use. In a previous article (Comparison of Cooktops) we did a comparison of Gas and Electric cooktops and we analyzed that at Rs 5 a unit and PNG at regular rates, the costs of using Induction cooker as compared to PNG/LPG comes out to be close (with Induction cooker being slightly expensive). Here is the calculation that we have put in that article:

LPG Stove

PNG Stove

Induction Cooktop

Electric Coil Cooktop

Unit Definition

1 Cylinder (14.2 kgs LPG)

1 SCM

1 kWH

Energy (in Joules) per unit

654620000

41868000

3600000

Energy (in Joules) per unit factoring efficiency

261848000

16747200

3024000

2664000

Units Required to heat 10 lts of water.

0.012

0.188

1.042

1.182

Cost per Unit (in Rs)

Rs 423 (Subsidized),

Rs 900 (Un-Subsidized)

Rs 23

Rs 5

Cost of heating 10 lts water (in Rs)

Rs 5.09 (Subsidized),

Rs 10.8 (Un-Subsidized)

Rs 4.33

Rs 5.21

Rs 5.91

Are induction cookers expensive? Yes, they are more expensive than the conventional cookers. But due to their high efficiency operational savings can ensure payback of the extra cost. The cost may vary depending on the brand, type and wattage of the cooker. Approximate price range of induction cookers available in Indian market based for different wattage of cookers is as follows:

Wattage PriceRange* 1400W, 1500W Rs. 2400 — Rs. 3700 1800W Rs. 2900 – Rs. 3700 1900W Rs. 1700 – Rs. 4300 2000W Rs. 2600 – Rs. 4500 2100W Rs. 4600 – Rs. 6000 *The prices are indicative and may vary depending on the type of cooker and brand.

Are induction cookers faster than LPG stoves? Cooking definitely gets faster with the use of an induction cooker as compared to the LPG stoves. This is so because in induction cookers the vessel itself becomes the heat source, heat loss decreases and cooking is faster. Consumer Voice, an organization that raises consumer awareness published a report based on the tests that were conducted on various brands of induction cookers. They found that depending on the brand, an induction cooker consumes a minimum of 2.58 minutes to a maximum of 4.04 minutes to boil 1 litre of water. On the other hand, an LPG gas stove takes about 5.36 minutes to boil the same quantity of water. Also, heating time is directly proportional to the wattage of the cooker.

Efficiency of induction cookers Efficiency of induction cookers compared to gas and electric stoves as per the boiling water tests conducted by the US department of energy is as follows (Source:US: DOE):

Gas Electric Induction Efficiency 40% 74% 84% The efficiency is measured in terms of the ratio of energy that gets delivered to the food to the energy consumed by the cookers is dependent on the size of the pan and the heating flame/surface. So yes, induction cookers have the highest efficiency.

Safety of induction cookers Absence of open flames make them very safe to use. Since the heat is eventually produced by the vessel itself, the surface of the cooker below the vessel is much cooler than the vessel, making it less risky to use.InductionCooktop2 There is a control system that stops the heating process if a vessel isn’t kept on the cooker or the vessel isn’t large enough. The magnetic field produced gets projected about 2-3cms, which does not pose any harm to users (People with cardiac implants should consult their doctors before using it though). Some induction cookers also have an anti-magnetic wall that ensures safety for users from the magnetic radiations. Temperature control feature regulates the energy supply very easily and efficiently, making it very safe to use. Overheating of food can be restrained by setting up the timer. Induction cookers are very safe to use compared to other conventional cookers, but certain precautions need to be taken to make it completely safe to use like, not to touch the vessel without some hand protection, not to forget to turn it off, avoid taking a magnet too near to it.

Pros and Cons Pros o Very safe due to the controlled mechanism and the safety features.

o Easy to clean and manage.

o Consumes less energy, which makes it environment friendly.

o Heat wastage is minimized, which increases efficiency and results in cooler kitchens.

o Faster than conventional gas stoves.

o Temperature controller and timer make it easy to use.

Cons o Expensive than regular cooktops.

o Requires special cookware.

o No electricity, no cooking.

o Food that require open flame to be cooked (e.g. Chapatti) cannot be cooked.

o Works only with flat bottomed vessels/pans and very small or very large vessels can raise issues .

So, what did we cook? Induction cookers havea few limitations, but when it comes to energy saving, cost effectiveness, faster cooking, easy to use, and safer means of cooking, induction cookers can be considered. Induction cookers have not yet started replacing the LPG gas stoves but have started complementing them in Indian kitchens. Here are some popular models of Induction Cookers:

Best Induction Cookers in India in 2019

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prince94karan · 4 years ago

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LPG Regulators for Cylinders market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

#LPG #regulators #cylinders #market

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imarcmarketreport · 10 months ago

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LPG Tanker Market 2023-2028 | Size, Share, Analysis and Forecast

The global LPG tanker market is expected to exhibit a growth rate (CAGR) of 5% during 2023-2028.

IMARC Group's report titled "LPG Tanker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global LPG tanker market sizeis expected to exhibit a growth rate (CAGR) of 5% during 2023-2028.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/lpg-tanker-market/requestsample

Factors Affecting the Growth of the LPG Tanker Industry:

Rising Demand in Residential and Commercial Sectors:

Development of LPG Infrastructure:

Integration of Advanced Technology for Safety and Efficiency:

Leading Companies Operating in the Global LPG Tanker Industry:

BW Group

Dorian LPG Ltd.

EXMAR, Hyundai Heavy Industries Co. Ltd.

Kawasaki Heavy Industries Ltd.

Kuwait Oil Tanker Company S.A.K

Mitsubishi Heavy Industries Ltd

StealthGas Inc.

STX Corporation (Afc Mercury Co. Ltd)

The Great Eastern Shipping Co. Ltd.

LPG Tanker Market Report Segmentation:

By Vessel Size:

Very Large Gas Carrier

Large Gas Carrier

Medium Gas Carriers

Small Gas Carrier

Very large gas carrier represents the largest segment due to its capability of transporting large quantities of LPG over long distances.

By Refrigeration and Pressurization:

Fully Pressurized

Semi-pressurized

Fully Refrigerated

Extra Refrigerated (Ethylene Gas Carriers)

Fully pressurized accounts for the majority of the market share as they are ideal for short-haul transportation and can carry a wide range of gases at relatively low costs.

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Global LPG Tanker Market Trends:

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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#LPG Tanker Market

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jayu123-me · 4 years ago

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Impact of Outbreak of COVID-19 on LPG Gas Cylinder Market

LPG Gas Cylinder Market: Snapshot

The LPG gas cylinder market will record good growth across the forecast period of 2020-2030 on the back of an increase in the consumption of LPG cylinders for domestic applications like cooking. The use of LPG gas cylinders across other applications like hot air balloons, agriculture, transportation, recreation, and calefaction may also bring good growth opportunities for the LPG gas cylinder market. Based on material, the LPG gas cylinder market can be classified into metal, composite, and others. LPG gas cylinder is available in 2 types: Metal LPG cylinder and Composite LPG cylinder.

This report on the LPG gas cylinder market conducts thorough research on various parameters for analyzing the ideal growth generating factors. This aspect proves to be of great help to the market stakeholder and helps them to design their business strategies accordingly. This report also covers the rapidly changing LPG gas cylinder market scenario. The report also sheds light on the effects of COVID-19 on the LPG gas cylinder market through the forecast period of 2020 – 2030.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report?

LPG Gas Cylinder Market: Competitive Landscape

The LPG gas cylinder market has considerable players that try to be at the forefront through activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. The manufacturers in the LPG gas cylinder market also focus on research and development activities to develop sturdier and durable LPG gas cylinders. Nowadays, the properties of composite LPG gas cylinders are attracting many users. Therefore, the manufacturers are paying attention to accelerate the production of composite LPG gas cylinders.

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Some well-established players in the LPG gas cylinder market are Worthington, Sahamitr Pressure Container, Time Technoplast, Huanri Group, Mauria Udyog, and Hexagon Composites.

LPG Gas Cylinder Market: Government Initiatives and Developments

Government initiatives are proving to be a boon for the growth of the LPG gas cylinder market. Throughout the forecast period, the LPG gas cylinder market may garner considerable momentum on the back of the spew of government initiatives that favor the growth of the LPG gas cylinder market. Here are some major developments and initiatives that may play a large role in the accelerated growth of the LPG gas cylinder market.

The Government of Kenya recently introduced the Petroleum (Liquefied Petroleum Gas) Regulations, 2019 to curb illegal cylinder refilling operations; this development helps to eliminate growth hindrances across the LPG gas cylinder market

The Government of India, under the Pradhan Mantri Garib Kalyan Yojana (PMGKY), had announced the distribution of 3 LPG gas cylinders to more than 8 crore beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY) between April and June, 2020

LPG Gas Cylinder Market: COVID-19 Analysis

While almost all sectors are facing losses due to the COVID-19 pandemic, the LPG gas cylinder market may sustain itself across the pandemic as it comes under essential commodities in terms of domestic consumption. The lockdown imposed due to COVID-19 led to the panic buying of LPG cylinders, thus fueling demand for the LPG gas cylinder market. All the LPG bottling operations are operating in full capacity even during the lockdown period. Domestic LPG is covered under the Essential Commodities Act in India, thus assuring complete availability for all.

Read our Case study at :

https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study

LPG Gas Cylinder Market: Growth Dynamics

The LPG industry is undergoing several transformational changes. The manufacturers of the LPG gas cylinder market may have to make changes in the near future to fit with the emerging trends. For instance, bio LPG may be a common thing in the next 2-3 years. Operation expansions are also experiencing a positive trend and may continue throughout the forecast period. For instance, Omera Cylinder Ltd, an LPG gas cylinder manufacturer in Bangladesh became the first local LPG gas cylinder maker to export its products to international markets. Such developments may serve as growth multipliers for the LPG gas cylinder market.

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assetsstock-blog · 6 years ago

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Global LPG Regulators for Cylinders Market 2018 Forecast by 2023 Top Companies, Trends & Growth Factors and Detail Analysis for Business Development

Global LPG Regulators for Cylinders Market Forecast to 2023, given by Market.biz may be a complete study created by implementing a beautiful analysis procedure to assemble key knowledge of this worldwide LPG Regulators for Cylinders market. The report covers 2018 to 2023 market outlines together with LPG Regulators for Cylinders market review, division of the business, business scope, current LPG…

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#Global LPG Regulators for Cylinders Market 2018 Forecast #LPG Regulators for Cylinders Market Analysis #LPG Regulators for Cylinders Market Share #LPG Regulators for Cylinders Market Size #LPG Regulators for Cylinders Market Trends

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legalseat · 6 years ago

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Price Parallelism in Bid Rigging Arrangements

[Gunjan Garg is a 3rd year B.A LLB (Hons.) student of National Law Institute University, Bhopal]

The Indian Competition Act in section 3 deals with ‘anti-competitive agreements’ which gives the Competition Commission of India (“CCI”) the power to prohibit any agreement between enterprises or persons engaged in identical or similar trade of goods and services, directly or indirectly resulting in bid rigging or collusive bidding. Since these agreements are said to be non-competitive and have appreciable adverse effect on competition, they are void. To determine whether any agreement has appreciable adverse effect on competition, factors like creation of barriers to new entrants in the market and foreclosure of competition by hindering entry into the market should be taken into account.[1]

One such anti-competitive agreement having appreciable adverse effect on competition and often found to exist within the realm of bid rigging is ‘price parallelism’. Price parallelism is defined as a practice where there are “changes in prices by rivals that are identical, or nearly so, and simultaneous, or nearly so. It includes other forms of parallel conduct, such as capacity reductions, adoption of standardized terms of sale, and suspicious bidding patterns, e.g., a predictable rotation of winning bidders”.[2]This is considered anti-competitive as it results in monopolistic pricing of goods and restricts new players from entering the market. Often referred to as concerted practice in European jurisprudence, it refers to a form of coordination between undertakings by which, without it having reached the stage where an agreement properly so-called has been concluded, practical cooperation between them is knowingly substituted for the risks of competition.[3]

In a recent Supreme Court judgment of Rajasthan Cylinders and Containers Ltd. v. Union of India (1 October 2018)as many as 45 appeals were filed against the orders of the Competition Appellate Tribunal (“COMPAT”) and the CCI’s concerning bid rigging violations by suppliers of liquefied petroleum gas (LPG) cylinders. The COMPAT, by the said judgment upholding the findings of the CCI, opined that the appellants/suppliers of LPG cylinders to the Indian Oil Corporation Ltd. (“IOCL”) by submitting identical bids had indulged in cartelization, thereby influencing and rigging the prices. This violated the provisions of section 3(3)(d) of the Competition Act, 2002 resulting in the imposition of severe penalties by CCI in the form of fines under section 27 of the Act.

Facts and Decision

It was alleged that the suppliers despite varying costs had submitted identical bids. Additionally, there existed an active trade association of the appellants which had met in Mumbai just before submission of the tenders.The products were identical with few or no substitutes and no significant technological changes. Further, there were a small number of suppliers with few new entrants.All these facts persuaded the CCI as to the existence of collusive bidding.

The Supreme Court looked at the flip side of the coin and noticed that there were only few suppliers of cylinders. The buyers were also limited to three, including IOCL, Bharat Petroleum Corporation Limited (“BPCL”) and Hindustan Petroleum Corporation Limited (“HPCL”). Due to lack of buyers, the appellants could not sell the goods to any other entity apart from the above three. This acted as a disincentive for other suppliers from entering into the market. Moreover, it was clear that the price of the bids was internally regulated by IOCL and the control remained with IOCL.

The Supreme Court in this regard analyzed the market conditions and noted that in an oligopsony there existed only a few buyers. The other condition for the existence of oligopsony is whether the buyers have some influence over the price of their inputs. It is also to be seen whether the seller has any ability to raise prices or it stood reduced/eliminated by the aforesaid buyers.

The Court stated that “in a situation of oligopsony, price parallelism would not lead to the conclusion that there was a concerted practice. There has to be other credible and corroborative evidence to show that in an oligopoly, a reduction in price would swiftly attract the customers of the other two or three rivals, the effect upon whom would be so devastating that they would have to react by matching the cut” (para 96). Similarly, the “theory of oligopolistic interdependence” states that an oligopoly cannot increase its price unilaterally because it would be deserted by its customers if it did so. Thus, the theory runs that in an oligopolistic market rivals are interdependent: they are acutely aware of each other’s presence and are bound to match one another’s marketing strategy. The result is that price competition between them will be minimal or non-existent; oligopoly produces non-competitive stability.[4]

InImperial Chemical Industries Ltd. v. Commission of the European Communities (1972), the European Court held that parallel behaviour does not, by itself, amount to a concerted practice, though it may provide a strong evidence of such a practice. However, before such an inference is drawn it has to be seen that this parallel behaviour has led to conditions of competition which do not correspond to the normal conditions of the market, having regard to the nature of the products, size and volume of the undertaking of the said market.

The practice of collusive tendering flowing from price parallelism was earlier discussed by the Supreme Court in Excel Crop Care Ltd. v. CCI, (2017) 8 SCC 47, where collusive tendering was defined as a practice whereby firms agree amongst themselves to collaborate over their response to invitations to tender. The main purpose for such collusive tendering is the need to concert their bargaining power, though such a collusive tendering has other benefits apart from the fact that it can lead to higher prices. The Court held that “in an oligopoly, parallel behaviour may not, by itself, amount to a concerted practice”.

Standard of Proof

In situations of price parallelism in bid rigging arrangements, there is often no direct evidence (such as proof of formal concluded agreement) available as these practices take place behind closed doors. Therefore, Indian courts often rely on circumstantial evidence to establish such anti-competitive practices.[5]In one such case, it was established that if indicators show practical cooperation between the parties which knowingly substituted the risk of competition, that would amount to anti-competitive practices.[6]The test formulated in the case of Excel Care Groupto determine the existence of such collusive concerted practice concerned with taking the contested evidence into account as a whole, not in isolation along with consideration being given to the specific features of the products in question.

Another test adopted by the Indian courts was from the US case of Monsanto Co v.Spray-Rite Service Corp., 465 U.S. 752 (1984), which established that there must be direct or circumstantial evidence that reasonably tends to prove that the manufacturer and others had a conscious commitment to a common scheme designed to achieve an unlawful objective. However, contradictorily, another classic case where price parallelism was identified and penalized by CCI was the cement cartel case.[7]The CCI relying on the report of Director General found price parallelism as the primary indicator of the existence of a cartel among the cement manufacturers without giving any detailed analysis to identify price parallelism.

Conclusion

The Supreme Court through the judgment under discussion established the need to determine the existence of anti-competitive practices not just objectively, but subjectively as well, cumulatively taking into account all relevant factors influencing price parallelism including prevailing market conditions. This judgement is significant as it settles the position of law regarding analysis of factors as circumstantial evidence of agreement under anti-trust law. This is in line with the Competition Act’s preamble to eliminate practices having adverse effect on the competition, as well as to promote and sustain competition in the market. Though this order establishes high standard of proof for showing anti-competitive behavior, it will act as a serious deterrent for bidders taking advantage of price parallelism to just land bids/orders in their favor.

– Gunjan Garg

[1] Section 19(3) of the Competition Act, 2002.

[2] Para 2.1 of OECD Policy Roundtables on “Prosecuting Cartels Without Direct Evidence (2006)”.

[3] Para 60 of Guidelines on the Applicability of Article 101 of the Treaty on the Functioning of the E.U. to Horizontal Cooperation Agreements [Official Journal C 11 of 14.1.2011].

[4] Richard Whish & David Bailey, Competition Law177 (Oxford University Press 9thed. 2018)

[5] Western Coalfields Limited Coal Estatev. SSV Coal Carriers Private Limited and Ors.(Case No. 34 of 2015); India Glycols Ltd. v. Indian Sugar Mills Association and Ors.(Case No. 21 of 2013).

[6] Paras 44, 45 of CCI v. Coordination Committee of Artistes and Technicians of West Bengal Film and Television & Ors. (Civil Appeal No. 6691 of 2014).

[7] In Re Builder’s Association of India v. Cement Manufacturers’ Association and Ors.(Case No. 29 of 2010).

The post Price Parallelism in Bid Rigging Arrangements appeared first on IndiaCorpLaw.

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trendingnewz-blog · 6 years ago

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LPG Cylinder Valve Market Growth Analysis, Share, Demand By Regions 2024

Global LPG Cylinder Valve Market: Overview

Valves are a type of mechanical device that are implemented to regulate flow, pressure, or both, within a system. They an integral aspect of any piping system that requires a fair amount of control. The primary functions of a conventional valve comprise flow control in the form of rate of flow and the direction of flow. Valves are thus used to prevent back flow, and relieving pressure.

The various valve types, designs, and models can be functional in specific industrial, commercial, and residential applications. LPG valves may need to be designed especially for maintaining high pressure within the cylinder and to let out the gas at a rate specified and within regulatory permission. These valves are also designed to withstand the possible damage they may take during transportation. An additional cap is often screwed over the valve in order to further reduce the likelihood of gas leakage when the cylinder is not in use.

Read Report Overview @ https://www.transparencymarketresearch.com/lpg-cylinder-valve-market.html

The report offers a comprehensive evaluation of the global LPG cylinder valve market. It achieves this through in-depth insights in both qualitative and quantitative perspectives, historical information, and confirmable forecasts regarding the size of the market in terms of revenue and value. The forecasts featured in the report have been generated using established research methodologies and market experts’ assumptions. The research report therefore functions as a source of analytical and strategic data for every aspect of the global LPG cylinder valve market, including its regional markets, technologies implemented and developed, types of valves incorporated, and overall fields of applications. A distinct examination of dominant trends in the global LPG cylinder valve market, macro- and micro-economic signs, and policies and regulations are included under the purview of the study.

Global LPG Cylinder Valve Market: Trends and Opportunities

One of the primary driving factors for the increase in demand for LPG cylinder valves globally, is the substantial rate of increase in energy consumption and demand in the oil and gas industry, energy generation, and refineries. The improvement in various industry verticals and the growing rates of urbanization are also major factors stimulating the growth of global LPG cylinder valves market. An increased demand for worker safety as well as a growing concern over environmental implications of energy wastage is expected to aid the demand for efficient valve solutions in the coming years.

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The global LPG cylinder market can be segmented on the basis of product types, which include handwheel valves, forklift valves, quick-on valves, self-closing valves, safety valves, and cut-off push & turn valves. LPG cylinders are utilized in various household, outdoors, and other applications.

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coopercorp · 6 years ago

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Cooper Generators: The perfect match of Innovation and Technology

Cooper Corp is a pioneer in the manufacturing, designing and distribution of diesel/gas power generators in India for domestic homes and commercial use. The company also manufactures engine components for the automotive industry, Cylinder Liners and diesel engines for industrial use. With a manufacturing expertise spanning over 50 years, Cooper Corp has been in the forefront among generator manufacturer to adopt new-age technology while also upgrading its’ systems to adhere to the clean energy norms as stipulated by Central Pollution Control Board (CPCB) of India as well as those of international standards. With constant innovation and adaptation of newer technology, the company has successfully been able to cater to the varied needs of people and establishments with its’ time-tested solutions. For these reasons and more, the company has achieved a rare distinction as generator manufacturers who are able to combine innovative technology for effective power management. Today, the company has positioned itself as a prominent player in diesel/gas generators in India while also making its foray into the international market by exporting generator and engines to the USA, the UK and rest of Europe, Russia, Ukraine and other middle-east and South-East Asian countries.

Clean Energy Technology:

Clean energy commitments have become a norm for many manufacturing companies as much as it the result of practice, law and legislation. It is also mandatory for generator manufacturers to abide by the clean energy norms to reduce emissions of carbon monoxide and other greenhouse gases. In its attempt to embrace clean energy technology, Cooper Corp has continually been focusing on meeting high standards of performance criteria and also provides cost-effective solutions for powering homes and commercial set-up. The company has set up an in-house Government-recognized Research and Development centre to study the tooling and material improvements, up gradation of technology and its adaptation, component design and development among others.

While recent innovations have shown that diesel is one of the inexpensive and clean energy options available today, it is also vital for generator manufacturer to ensure a fine balance between pollution control and production efficiency. Besides, the regulations make it compulsory for all generator manufacturers to comply with cleaner emission standards. In its attempt to achieve this end, Cooper Corp is the first among the peers to get approval from the Automotive Research Association of India (the ARAI) to develop generator sets of varied capacity ranging from 10 kVA to 250 kVA that are compliant with the cleaner emission standards, thereby contributing to the Clean Power Movement. In the recent years, the company has also introduced and designed LPG/Natural Gas variants that have significantly lower emissions and low decibel sounds in addition to their diesel variants thereby contributing significantly to the green revolution.

Best-in-class technology:

Cooper Corp has consistently been adapting newer technology and innovative solutions to develop better-performing generators and power back up mechanisms. The new range of ECOPACK diesel-powered generators is fitted with the indigenously manufactured four-stroke gas engines and equipped with CRDi technology in partnership with Ricardo, the UK which not only aims at providing fuel-efficient and cost-effective option but is also environmentally friendly. Cooper’s range of diesel generators range from 10 kVA and are powered by two- to six-cylinder engines which enable quick start and operational efficiency of engines. Keeping in mind the clean air regulations, efficient exhaust management systems are in place to ensure environmental compliance, safety and protection of its customers.

The rampant use of alternative fuels in engines has led to the popularity of CNG/LPG powered generators for commercial power supply globally. Owing to the ample availability of biogas fuels and natural gas in India, the company has also designed LPG/Natural Gas variants that have significantly lower emission rates of harmful pollutants and sound levels. Besides, the introduction of CNG/LNG powered generators has proved to be a boon for the power deficit urban areas due to its significantly low operating costs as compared to other engines. Needless to say, they also have low emissions levels of carbon particles and also are conducive for Indian weather conditions.

Quality Control and Sustainability:

Today, Cooper Corp is a name synonymous with quality, innovation and integrity. Being one of the oldest players among generator manufacturers also means that the supply chain, logistics and services are already in place for the benefit of its customers. All the above factors combined with an efficient workforce have led to the success of the brand Cooper among the generator manufacturers. The company has since long been rated very high by its users for efficient customer service and in terms of product satisfaction. In recent decades, the company has made a foray into the international market, exporting its products worldwide.

Cooper Corp is the Leading Top Automobile Parts Manufacturing Company in India. Engine, Generators, Engine Component these are the best products manufacturing and selling worldwide.

#generators #generator manufacturers #Top automobile parts manufacturing company in India #automobile parts #engines #diesel engine #diesel generators

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your-abhijit-shelke-fan-blog · 6 years ago

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Butane Market to Reach Valuation USD 93.30 billion by 2025 | Crystal Market research

The Butane Market research report provided by Crystal Market Research (CMR) is the most detailed study about Butane that is estimated to grow at a tremendous rate over the forecast period 2018-2025. This report contains precise and updated insights in respect with the leading market players and prevailing regions of the business.

Top Most Players: Major players operating in this Butane Market involves ConocoPhillips Inc., British Petroleum (BP), Exxon Mobil Corporation and Chevron Corporation. Few other companies that are having major operations in butane market are; China Petroleum and Chemical Corporation (SINOPEC), Royal Dutch Shell PLC., China National Petroleum Corporation (CNPC), Total S.A., Linde, Air Liquide and Praxair.

The Butane Market is segmented as follows -

By Application:

Petrochemicals

Liquefied Petroleum Gas (LPG)

Chemical/ Petrochemical- Residential/ Commercial Auto fuel Industrial Refinery Others

Refinery Other

For more information, click on the below link @ https://www.crystalmarketresearch.com/report/butane-market .

Industry Trend Analysis: The Global Butane Market was worth USD 60.04 billion in the year of 2016 and is projected to touch nearlyUSD 93.30 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 5.02% during the forecast period.

The market industry is anticipated to witness substantial growth with decent compound annual growth rate during the forecast period due to increasing use of liquid petroleum gas (LPG) for a variety of applications. It is likely to have a positive prospect over the approaching years. Butane is employed in fuel manufacturing procedures, owing to its characteristics like easily liquefiable and high flammability. The market demand of LPG is growing, as its adoption as household fuel, chiefly in Asia Pacific and Africa, is expected to fuel butane market. In many countries, the government is offering subsidy on LPG rates to encourage its use as domestic fuel. The government is encouraging its utilization in order to trim down coal need and limit carbon footprints. As compared to coal combustion, the CO2 emission with LPG is reduced by almost 33 percent which makes it a proficient alternative for traditional fossil fuels. LPG has extensive range of use over numerous sectors like residential, commercial, agriculture and automobile. Increasing use of autogas due to its cost and functional benefits as compared to oil based fuels. The utilization has been speedily increasing from the previous few years, primarily owing to its ecological benefits and other properties like high energy content and the fact that it burns easily. Governments of nations like Australia and Algeria are encouraging the local public to make use of autogas vehicles. The government of Indonesia had established a program for paraffin-to-LPG conversion to encourage its use, and allotted a stove and 3 kilo refillable cylinder for LPG. In South Africa, knowledge and promotion of the product is not implemented yet, particularly in rural areas, the whole focus is on LPG promotion now. In India, government has taken initiatives such as Rajiv Gandhi Gramin LPG Vitaran program, this facilitates the distribution of LPG at low cost in the rural areas of India.

Table of Contents: 1.Introduction 2.Executive Summary 3.Market Overview 4.Butane Market, By Application 4.1.Introduction 4.2.Butane Market Assessment and Forecast, By Application, 2016-2025 4.3.Petrochemicals 4.4.Liquefied Petroleum Gas (LPG) To be continued...

Regional Outlook and Trend Analysis: Asia Pacific conquered the regional sector due to the rise in the gas requirement in chemical processing units and refineries in China. Asia Pacific region was estimated around USD 22.17 billion in 2015. Growth of numerous end-use industries like infrastructure and automotive in Asia Pacific and Latin America is predicted to drive the market. Encouraging government regulations like subsidies and several connections for LPG are the key factors which led to the rise in LPG demand and subsequently butane demand in these regions. Middle East is the key regional manufacturer of butane, as the natural resources of petroleum and oil are present there. North America is also likely to have an optimistic outlook for growth via its petrochemicals and auto fuel industry. Speedy development of sedimentary rock gas in the United States is anticipated to preserve the sustainable supply of natural gas liquids and will ultimately promote the market growth over the coming years.

To avail discount, please click on the link @ https://www.crystalmarketresearch.com/check-discount/CM09209 .

List of Figures: Figure 2.Butane Market, By Application, 2016 & 2025 ($Million) Figure 4.Butane Market, By Region, 2016, ($Million) Figure 5.BP p.l.c.: Net Revenues, 2014-2016 ($Million) Figure 6.BP p.l.c.: Net Revenue Share, By Segment, 2016 Figure 7.BP p.l.c.: Net Revenue Share, By Geography, 2016 Figure 8.China National Petroleum Corporation (CNPC): Net Revenues, 2014-2016 ($Million) Figure 9.China National Petroleum Corporation (CNPC): Net Revenue Share, By Segment, 2016 Figure 10.China National Petroleum Corporation (CNPC): Net Revenue Share, By Geography, 2016 ...

Features Of The Butane Market Report:

The analysis of Butane Market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.

The key players in the market and their share in the global market are discussed.

The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.

The Butane Market report provides some important points related to growth factors, challenges, opportunities, end-user analysis and achievement and so on.

The latest trends that are being followed in the market are included along with an example.

How technological advancement and research, as well as development activities, are impacting the Butane Market is explained in detail.

The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.

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About Crystal Market Research: Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

Contact Us: Judy 304 South Jones Blvd, Suite 1896, Las Vegas NV 89107, United States Toll Free: +1-888-213-4282 Email: [email protected]

#Butane #Butane Market

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postolo · 6 years ago

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Aftermath of SC’s verdict: Turning Point for the CCI?

On 20-5-2017, the Competition Commission of India commemorated its 8th anniversary. While still relatively young compared to its counterparts in other jurisdictions, the Commission has swiftly carved out a position for itself in the international competition law landscape. This is largely a result of the headline grabbing penalties that the Commission has imposed in several cartel cases and other matters involving anti-competitive conduct. With its enforcement prowess, the Commission has also significantly shaped and developed competition law jurisprudence in India. However, the recent ruling of the Supreme Court of India[1] may have slightly muddied the waters. The ruling marks the first decision of the Supreme Court on substantive issues on Competition Act, 2002 and directly impacts the established principles applied by the Commission in cases involving anti-competitive conduct, including cartels.

Briefly, this case involved allegations of cartelisation and anti-competitive conduct against members of a film and television artists’ trade union in the State of West Bengal (Coordination Committee). The Coordination Committee allegedly coerced TV channels to discontinue the telecast of “Mahabharat” dubbed in Bengali, since such telecast of dubbed serials was averse to the interests of the regional producers, artists and technicians, in the opinion of the Coordination Committee. Upholding the order of the Commission[2], the Supreme Court found the Coordination Committee to be in violation of Section 3(3)[3] of the Act. However, while arriving at its finding, the Supreme Court observed that the determination of “relevant market in which competition is effected” was the first step to examine the existence of anti-competitive agreement/cartels under Section 3 of the Act. A bare reading of the cartel provisions of the Act, however, suggests otherwise. For instance, Sections 3(3) and 19(3) of the Act (which deal with cartels and factors for determining appreciable adverse effect on competition (AAEC)), use the term “market” as opposed to “relevant market”. On the contrary, the expression “relevant market” finds mention in Sections 4, 19(5) and 19(6) of the Act which deal with abuse of dominance and factors for determination of relevant market. It is arguable that if the legislature intended for a relevant market to be specifically delineated in cartel cases, it would have worded the provisions accordingly. In view of the above, the Supreme Court’s observation in the judgment, appears to be a departure from the principles of interpretation of statutes which mandate the courts to construe words in a statute based on their plain meaning unless such literal interpretation gives rise to absurdity or renders the legislation ineffective.[4]

Further, defining relevant market is a complex economic exercise and introducing a requirement to define a relevant market in cartel cases would increase the onus on the Commission as well as the informants, leading to prolonged proceedings. As a consequence and given that the determination of relevant market will perforce, induce an element of subjectivity in cartel cases, defendants would have enough room to challenge market definitions or propose alternative market definitions.

Further, the judgment has also expanded the concept of relevant market to include the “effected markets”. This concept of “effected markets” is not explicitly or implicitly present in the Act and goes even beyond the factors laid down in the provisions relating to assessment of relevant market in respect of abuse of dominance cases. Arguably, incorporation of an effects test in the determination of cartels or anti-competitive agreement would not only defeat the purpose of having a presumption of AAEC, but would also take away from the statutory threshold of likelihood of causing AAEC contemplated in Section 3(1)[5] of the Act (for the determination of anti-competitive agreement and cartels).

In view of the difficulties associated with the detection of cartels (which are typically hatched in secrecy), the standard of proof has over the years been eased to the standard of balance of probabilities/liaison of intention.[6] However, by introducing the concept of relevant market and “effected market”, the judgment seems to have magnified the burden of proof on the Commission. The judgment will also likely limit the Commission’s ability to detect and investigate hub and spoke cartels. The essence of hub and spoke cartels lies in the fact that the spoke operates in a market which is different from the market in which the hub (i.e. the market in which AAEC concerns are likely to arise) operates, thereby making the detection of the cartel more difficult. Hence, it may be onerous to prove the involvement of a spoke in a construct where assessment of relevant effected market is pivotal for proving collusion.

Lastly, the incorporation of effects doctrine in cartel cases may also potentially impact the robustness of the leniency regime in India. Leniency applications are a powerful tool to detect cartels. However, as a result of the judgment, parties to global cartels which have little or insignificant presence in India, may be deterred from filing for leniency in India in view of the increased burden of proof on the applicant to not only provide the relevant market but also the markets which would be effected by the alleged collusion. Simply stated, a leniency applicant may be subject to a greater onus while discharging its obligation of making a “true, full and vital” disclosure to the Commission, as required under the Act and the Leniency Regulations.[7] A logical corollary to this would be that global cartel members may simply abstain from applying for leniency and opt to rebut the allegations of collusion instead, if such situation arises.

The judgment has seemingly turned the tables on the Commission’s decisional practice and has introduced a great measure of subjectivity in cases involving allegations of cartelisation and anti-competitive conduct. The judgment is expected to have far-reaching consequences in relation to the ongoing as well as future cases before the Commission and the appellate authority. While it remains to be seen whether the Commission imbibes the principles laid down by the Supreme Court in its decisions going forward, the judgment will inevitably alter the jurisprudential fabric woven by the Commission thus far.

Anshuman Sakle is a Partner with the Competition Law Practice at Cyril Amarchand Mangaldas and can be contacted at [email protected]. Anisha Chand is a Senior Associate with the Competition Law Practice at Cyril Amarchand Mangaldas and can be contacted at [email protected].

[1] Competition Commission of India v. Coordination Committee of Artists and Technicians of W.B. Film and Television, Civil Appeal No. 6691 of 2014, decided on 7-3-2017 (SC).

[2] The Competition Appellate Tribunal had set aside the decision of the Commission.

[3] S. 3(3): Any agreement entered into between enterprises or associations of enterprises or persons or associations of persons or between any person and enterprise or practice carried on, or decision taken by, any association of enterprises or association of persons, including cartels, engaged in identical or similar trade of goods or provision of services, which—

(a) directly or indirectly determines purchase or sale prices;

(b) limits or controls production, supply, markets, technical development, investment or provision of services;

(c) shares the market or source of production or provision of services by way of allocation of geographical area of market, or type of goods or services, or number of customers in the market or any other similar way;

(d) directly or indirectly results in bid rigging or collusive bidding,

shall be presumed to have an appreciable adverse effect on competition.

[4] On the other hand, the Commission has consistently maintained that in cartel cases there is no requirement to determine relevant market. Builders Assn. of India v. Cement Manufacturers’ Assn., 2012 SCC OnLine CCI 43; Builders Assn. of India v. Cement Manufacturers’ Assn., 2016 SCC OnLine CCI 46 and FICCI-Multiplex Assn. of India v. United Producers/Distributors Forum, 2011 SCC OnLine CCI 33.

[5] S. 3(1): No enterprise or association of enterprises or person or association of persons shall enter into any agreement in respect of production, supply, distribution, storage, acquisition or control of goods or provision of services, which causes or is likely to cause an appreciable adverse effect on competition within India.

[6] Suo motu case against LPG cylinder manufacturers, In re, 2012 SCC OnLine CCI 12.

[7] Competition Commission of India (Lesser Penalty) Regulations, 2009.

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