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latestmarketresearchnews · 1 month ago

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Microgrid Industry Size, Trends, Value, Sales and Forecast 2030

The global microgrid market size is expected to reach USD 224.34 billion by 2030, registering a CAGR of 17.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The improvement in manufacturing sectors of emerging markets including Mexico, China, and India as a result of favorable government policies to attract investments is expected to promote market growth.

Microgrid differs from conventional electrical distribution systems as it acts as a close proximity medium between the power generation and power consumption sources which results in increasing efficiency and reducing transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations.

The rising importance of captive electricity generation as a key alternative to the regulated power supply by municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact. Furthermore, the rising production output of unconventional sources including shale gas in the U.S. and Canada as a result of high utilization of fracking technology is expected to ensure access of natural gas as a power source over the next eight years.

Gather more insights about the market drivers, restrains and growth of the Global Microgrid Market

Microgrid Market Report Highlights

The Combined Heat & Power (CHP) power source segment dominated the global market and accounted for more than 37.0% of the overall revenue share in 2023. Shifting preference from conventional Separate Heat & Power (SHP) system to energy generation from single fuel is expected to have a substantial impact on the segment growth.

The grid-connected product segment dominated the global market and accounted for more than 65.0% of the overall revenue share in 2023. The rising popularity of smart micro-grid-connected PV systems to provide electricity to consumers by reducing transmission losses is expected to have a substantial impact.

North America led the global market and accounted for more than 35.0% of the overall revenue share in 2023. The high adoption rate of captive power generation methods in the industrial and municipal sectors of the U.S. for reducing reliance on the government-controlled power supply is expected to have a substantial impact.

Browse through Grand View Research's Distribution & Utilities Industry Research Reports.

Generator Sets Market: The global generator sets market size was valued at USD 34.2 billion in 2024 and is projected to progress at a CAGR of 9.3% from 2025 to 2030.

LPG Tankers Market: The global LPG tankers market size was estimated at USD 209.41 million in 2024 and is projected to grow at a CAGR of 5.4% from 2025 to 2030.

Microgrid Market Segmentation

Grand View Research has segmented the global microgrid market on the basis of on power source, product, application, and region:

Microgrid Power Source Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Natural Gas

CHP

Solar PV

Diesel

Fuel Cell

Others

Microgrid Product Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Remote

Grid Connected

Hybrid

Microgrid Application Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Government

Education

Commercial

Utility

Defense

Others

Microgrid Regional Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

North America

Canada

Mexico

Europe

Germany

Asia Pacific

China

India

Central & South America

Brazil

Middle East & Africa

Order a free sample PDF of the Microgrid Market Intelligence Study, published by Grand View Research.

#Microgrid Market Analysis #Microgrid Industry Research #Microgrid Market Trends

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researchreportinsight · 1 month ago

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Microgrid Market Growth Analysis & Forecast Research Report, 2030

Gather more insights about the market drivers, restrains and growth of the Global Microgrid Market

Microgrid Market Report Highlights

Browse through Grand View Research's Distribution & Utilities Industry Research Reports.

Generator Sets Market: The global generator sets market size was valued at USD 34.2 billion in 2024 and is projected to progress at a CAGR of 9.3% from 2025 to 2030.

LPG Tankers Market: The global LPG tankers market size was estimated at USD 209.41 million in 2024 and is projected to grow at a CAGR of 5.4% from 2025 to 2030.

Microgrid Market Segmentation

Grand View Research has segmented the global microgrid market on the basis of on power source, product, application, and region:

Microgrid Power Source Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Natural Gas

CHP

Solar PV

Diesel

Fuel Cell

Others

Microgrid Product Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Remote

Grid Connected

Hybrid

Microgrid Application Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

Government

Education

Commercial

Utility

Defense

Others

Microgrid Regional Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

North America

Canada

Mexico

Europe

Germany

Asia Pacific

China

India

Central & South America

Brazil

Middle East & Africa

Order a free sample PDF of the Microgrid Market Intelligence Study, published by Grand View Research.

#Microgrid Market Analysis #Microgrid Industry Research #Microgrid Market Trends

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harshnews · 3 months ago

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Virtual Pipeline Systems Market Size, Share, Trends, Growth Opportunities and Competitive Outlook

"Global Virtual Pipeline Systems Market – Industry Trends and Forecast to 2028

Global Virtual Pipeline Systems Market, By Type (Ordinary Type, Special Type), Product (Liquefied Petroleum Gas (LPG), Liquid Natural Gas (LNG), Compressed Natural Gas (CNG), Propane, Diesel and Oils), Container Size (Type I, Type II, Type III, Type IV), Mode of Transportation (Intermodal ISO Tank Containers, Tanker Rail Cars, Pipeline Transport, Reticulated Gas System or Piped Gas System, Road Tankers, Local Bobtail Tankers), Application (Industrial, Transportation, Commercial and Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Access Full 350 Pages PDF Report @

**Segments**

- **By Component:** The virtual pipeline systems market can be segmented based on components into compressors, trailers, cylinders, valves, fittings, and others. Compressors play a crucial role in the transportation of natural gas, enabling it to be moved efficiently through pipelines. Trailers are used for the physical transportation of compressed natural gas (CNG) or liquefied natural gas (LNG) to areas without access to pipelines. Cylinders are another essential component, providing storage for the transported gas. Valves and fittings ensure smooth operations and safe handling of the gas in the virtual pipeline system.

- **By Application:** In terms of applications, the virtual pipeline systems market can be categorized into industrial, transportation, commercial, and residential sectors. The industrial sector utilizes virtual pipelines for various operations such as heat generation, power generation, and manufacturing processes. The transportation sector relies on virtual pipelines to fuel vehicles, especially in regions where traditional pipelines are not feasible. The commercial and residential sectors use virtual pipeline systems for heating, cooking, and other energy needs.

- **By Mode of Supply:** Virtual pipeline systems can also be segmented by the mode of supply, which includes truck-based transportation, rail-based transportation, and ship-based transportation. Truck-based transportation is the most common mode, offering flexibility and scalability in delivering natural gas to remote locations. Rail-based transportation provides a cost-effective solution for long-distance gas transportation. Ship-based transportation involves the use of tankers for transporting LNG to areas inaccessible by land.

**Market Players**

- **GE Oil & Gas:** GE Oil & Gas is a key player in the virtual pipeline systems market, offering a range of solutions for the compression, transportation, and storage of natural gas. The company's expertise in industrial equipment and services makes it a reliable partner for virtual pipeline projects.

- **Hexagon Composites ASA:** Hexagon Composites ASA specializes in high-pressure composite cylinders for gas storage, making them a significant player in the virtual pipeline systems market. TheirGE Oil & Gas and Hexagon Composites ASA are two key players in the virtual pipeline systems market, each bringing unique strengths and capabilities to the industry. GE Oil & Gas stands out for its comprehensive solutions for compression, transportation, and storage of natural gas. With its expertise in industrial equipment and services, the company offers a broad range of offerings that cater to the diverse needs of virtual pipeline projects. GE's reputation for reliability and innovation positions it as a trusted partner for implementing virtual pipeline systems across various sectors.

On the other hand, Hexagon Composites ASA specializes in high-pressure composite cylinders for gas storage, a critical component in virtual pipeline systems. The use of advanced composite materials in their cylinders enables Hexagon to provide lightweight and durable storage solutions for transporting natural gas efficiently and safely. The company's focus on innovation and sustainability in gas storage technologies has solidified its position as a significant player in the virtual pipeline systems market. Hexagon's expertise in high-pressure cylinders aligns with the increasing demand for reliable and high-performance storage solutions in virtual pipeline applications.

As the virtual pipeline systems market continues to grow, players like GE Oil & Gas and Hexagon Composites ASA are poised to capitalize on the increasing demand for efficient and flexible gas transportation solutions. The market trends indicate a rising adoption of virtual pipelines across various sectors, driven by the need for reliable energy supply in remote locations and areas without access to traditional pipelines. The versatility of virtual pipeline systems in industrial, transportation, commercial, and residential applications further expands the market potential for key players like GE and Hexagon.

In terms of competition within the virtual pipeline systems market, companies like GE Oil & Gas and Hexagon Composites ASA differentiate themselves through technological advancements, product innovation, and strategic partnerships. Establishing strong relationships with customers and industry stakeholders is essential for driving growth and expanding market presence. Furthermore, addressing evolving regulatory requirements and sustainability concerns will be crucial for staying competitive in the dynamic virtual pipeline systems market.

Overall, the market outlook for virtual pipeline systems remains**Global Virtual Pipeline Systems Market Analysis:**

- **Segments:** - **By Component:** Virtual pipeline systems market components include compressors, trailers, cylinders, valves, fittings, and others. Compressors are essential for efficient gas transportation, while trailers are used for physical gas transportation to areas without traditional pipelines. Cylinders provide storage for the transported gas, with valves and fittings ensuring smooth operations and safe handling within the system.

- **By Application:** Market applications cover industrial, transportation, commercial, and residential sectors. Industrial operations utilize virtual pipelines for heat and power generation, transportation for vehicle fueling, and commercial/residential sectors for heating and cooking purposes.

- **By Mode of Supply:** Segmentation by the mode of supply includes truck-based, rail-based, and ship-based transportation. Truck-based transportation offers flexibility and scalability, rail-based is cost-effective for long-distance transportation, and ship-based involves tankers for LNG transportation to remote areas.

**Market Players:** - **GE Oil & Gas:** GE Oil & Gas offers compression, transportation, and storage solutions for natural gas with a focus on industrial expertise, making them a reliable partner for virtual pipeline projects.

- **Hexagon Composites ASA:** Specializing in high-pressure composite cylinders for gas storage, Hexagon Composites ASA provides lightweight and durable storage solutions for efficient and safe gas transportation, aligning with the increasing demand for reliable storage solutions in virtual pipeline applications.

Key players like GE Oil & Gas

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Virtual Pipeline Systems Market

Chapter 3: Regional analysis of the Global Virtual Pipeline Systems Market industry

Chapter 4: Virtual Pipeline Systems Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

Key takeaways from the Virtual Pipeline Systems Market report:

Detailed considerate of Virtual Pipeline Systems Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.

Comprehensive valuation of all prospects and threat in the

In depth study of industry strategies for growth of the Virtual Pipeline Systems Market-leading players.

Virtual Pipeline Systems Market latest innovations and major procedures.

Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.

Conclusive study about the growth conspiracy of Virtual Pipeline Systems Market for forthcoming years.

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#Virtual Pipeline Systems Market

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imarcmarketreport · 10 months ago

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LPG Tanker Market Size, Outlook, Growth and Forecast 2024-2032

IMARC Group's report titled "LPG Tanker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", The global LPG tanker 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:

Technological Innovations:

Innovations in tanker design focus on optimizing vessel efficiency, increasing cargo capacity, and reducing environmental impact through features like hull design and ballast systems. Moreover, propulsion systems advancements include the adoption of cleaner and more fuel-efficient technologies, such as liquefied natural gas (LNG) propulsion and hybrid power systems, reducing emissions and operating costs. Furthermore, safety measures innovation involves the integration of advanced navigation systems, onboard monitoring technologies, and emergency response protocols to enhance crew safety, prevent accidents, and mitigate environmental risks. These innovations benefit in improving sustainability, operational performance, and safety standards.

Rising Demand for Energy:

The growing adoption of LPG on account of the increasing demand for energy is offering a positive market outlook. LPG serves as a versatile and relatively clean-burning fuel for various purposes, including residential cooking, heating, and industrial processes. Apart from this, countries are seeking to diversify their energy mix and reduce reliance on more polluting fuels like coal and oil, which is catalyzing the demand for LPG. Moreover, LPG is compatible with renewable energy sources like solar and wind, making it an attractive option for balancing intermittent energy supply.

Increasing Preferences for Clean Energy:

The increasing awareness among individuals about environmental concerns is supporting the market growth. Moreover, industries are seeking cleaner energy sources to combat climate change. LPG is considered cleaner as compared to traditional fossil fuels due to lower emissions of pollutants, such as sulfur dioxide and particulate matter. Besides this, governing agencies of various countries are implementing policies and regulations to incentivize the use of cleaner fuels. They are focusing on reducing environmental pollution to align with sustainability goals, which is bolstering the market.

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 as it is designed to maximize efficiency in LPG transportation.

By Refrigeration and Pressurization:

Fully Pressurized

Semi-pressurized

Fully Refrigerated

Extra Refrigerated (Ethylene Gas Carriers)

Fully pressurized holds the biggest market share due to their enhanced versatility and flexible operations.

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 enjoys a leading position in the LPG tanker market, which can be attributed to stringent environmental regulations aimed at reducing emissions.

Global LPG Tanker Market Trends:

The expansion of infrastructure for LPG storage, processing, and distribution is propelling the market growth. Various countries are upgrading their energy infrastructure to accommodate LPG imports and distribution, which is impelling the market growth. Moreover, infrastructure development initiatives, such as port expansions and terminal upgrades, facilitate the loading and unloading of LPG tankers, reducing turnaround times and enhancing operational efficiency. Furthermore, investors in the LPG tanker market are tracking infrastructure development projects to assess future demand trends and identify investment opportunities in regions undergoing energy infrastructure expansion.

Apart from this, the rising demand for LPG for heating purposes among individuals is supporting the market growth.

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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gorepoonam · 2 years ago

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Cng And Lpg Vehicle Market Trends, Future Outlook, Analysis and Forecast 2023-2030

Cng And Lpg Vehicle Market size| 2023 Automotive Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2030 is latest study published by Fortune Business Insights.

Major Cng And Lpg Vehicle Market Size Manufacturers covered in the market report include:

Major players operating in the global CNG and LPG vehicle market include Ford Motor Company, Fiat S.P.A., Suzuki Motor Corporation, Westport, General Motors, Landi Renzo Honda Motor Co., Ltd., Volkswagen, Impco, Volvo, Mitsubishi Motors Corporation and Daimler AG among others.

Cng And Lpg Vehicle Market Size Highlights of the Report:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.

Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market

Get a Free Sample Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/104107

Cng And Lpg Vehicle Market Size Industry Competitive Analysis:

The Cng And Lpg Vehicle Market Size report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included this report with Porter's five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

Related Reports:

Cng And Lpg Vehicle Latest Industry Size, Growth, Share, Demand, Trends

Tow Tractor Market Latest Industry Size, Growth, Share, Demand, Trends

Truck Mounted Concrete Pump Market Latest Industry Size, Growth, Share, Demand, Trends

Autonomous Mining Trucks Market Latest Industry Size, Growth, Share, Demand, Trends

Chemical Tankers Market Latest Industry Size, Growth, Share, Demand, Trends

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Fortune Business Insights™ Pvt. Ltd.

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globalmarketestimates-blog · 6 years ago

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Global LPG Tankers Market Size, Share, Analysis- Forecasts to 2026 By Technology, By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa); End-Use Landscape, Vendor Landscape, Company Market Share & Competitor Analysis

#lpg tankers market size #LPG Tankers Market Share #LPG Tankers Market Analysis #LPG Tankers Market Forecasts

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market-insider · 2 years ago

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Europe Dominated The Global Liquified Petroleum Gas (LPG) Tanker Market

The global LPG tanker market size is expected to reach USD 286.48 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. Strong growth in shale gas production is likely to propel the market growth over the coming years. The volatility of crude oil prices coupled with developments in hydraulic fracturing and horizontal drilling methods resulted in major companies shifting their attention towards the production of oil and gas from shale rock. Change in focus towards the production of shale gas is further projected to enhance market growth over the estimated period. The Very Large Gas Carriers (VLGC) segment led the market in 2021. However, the Large Gas Carrier (LGC) is anticipated to take over the forecast period by a small margin. Very large gas carriers are widely used for the transportation of liquefied petroleum gas (LPG) for longer distances across various countries. Growing liquefied petroleum gas trade relationships between various regions, such as the Middle East and Asian countries, Western Africa and Europe, and the United States, is the major factor projected to boost the VLGC segment growth. The full-pressurized segment led the market in 2021 and will maintain its lead throughout the forecast period. The market is anticipated to have a steady growth in all segments as the amount of LPG transported increases.

Gain deeper insights on the market and receive your free copy with TOC now @:

LPG Tanker Market Report The supply chain of the LPG and ancillary industries was affected due to the shutdown of production facilities, especially in Asia Pacific, as it was the epicenter of the COVID-19. The manufacturing and energy & power sectors globally experienced a considerable slowdown due to the COVID-19. In addition, local and international travel restrictions, quarantine requirements, and lockdowns further delayed shipments of LPG that were in process of being delivered. The market growth is determined by improved LPG trading around the globe. Shale gas extraction is likely to rise at a rapid pace, which will drive growth over the forecast years. Factors including capacity expansion of shale gas from untapped stocks enhanced global gas trade, and ongoing usage of liquefied petroleum gas as a cooking fuel is contributing to the development of the market for liquefied petroleum gas tankers.

#Liquified Petroleum Gas (LPG) Tanker Market #LPG Tanker Market Size #LPG Tanker Market Growth Forecast #LPG Tanker Market Recent Developments #Global LPG Tanker Market

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gearoiluae-blog · 5 years ago

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Introduction to Oil and Gas Industry

Learn about the three key sectors in oil and gas, the current state of the industry and future outlook

Uncovering the oil and gas industry

Considered being the biggest sector in the world in terms of dollar value, the oil and gas sector is a global powerhouse using hundreds of thousands of workers worldwide and generating hundreds of billions of dollars globally each year. In regions which house the major NOCs, these oil and gas companies are so vital they often contribute a significant amount towards national GDP.

In this introduction to the oil and gas industry, we provide a snapshot of the petroleum sector.

youtube

What are the different oil and gas sectors?

The energy sector has three key areas: Upstream, midstream and downstream.

What is upstream? – Upstream is E&P (exploration and exploration). This involves the search for underwater and underground natural gas fields or crude oil fields and the drilling of exploration wells and drilling into established wells to recover oil and gas.

What is midstream? – Midstream entails the transportation, storage, and processing of oil and gas. Once resources are recovered, it has to be transported to a refinery, which is often in a completely different geographic region compared to the oil and gas reserves. Transportation can include anything from tanker ships to pipelines and trucking fleets.

What is downstream? – Downstream refers to the filtering of the raw materials obtained during the upstream phase. This means refining crude oil and purifying natural gas. The marketing and commercial distribution of these products to consumers and end users in a number of forms including natural gas, diesel oil, petrol, gasoline, lubricants, kerosene, jet fuel, asphalt, heating oil, LPG (liquefied petroleum gas) as well as a number of other types of petrochemicals.

What are the largest volume products?

The largest volumes of products of the oil and gas industry are fuel oil and gasoline (petrol). Petroleum is the primary material for a multitude of chemical products, including pharmaceuticals, fertilisers, solvents and plastics. Petroleum is therefore integral to many industries and is of critical importance to many nations as the foundation of their industries.

Oil and gas industry outlook: 2019

In consideration of industry low’s, such as the price collapse in 2013 and major environmental disasters such as the Deepwater Horizon Gulf Of Mexico Oil Spill in 2014, the oil & gas sector has now recovered.

The world’s dependence on oil and gas is increasing as global economies and infrastructure continue to rely heavily on petroleum-based products. Discussions of when world oil and gas production will peak seem to be on the periphery, even amid a weakened global economy and the shrinking availability of oil. The oil and gas industry continues to wield incredible influence in international economics and politics – especially in consideration of employment levels in the sector, with the U.S. oil and gas industry supporting at least 10 million jobs.

The recovery occurred for several reasons, but the chief among them is the success of the production restraint agreement between OPEC and non-OPEC nations. In addition, developing nations such as China, Brazil and Russia are increasing exploration and production efforts. However, geopolitical considerations such as the ongoing troubles in Venezuela, Iran, and Qatar’s exit from OPEC will influence oil and gas supply.

The trend towards renewable and alternative energy is another threat to traditional oil and gas companies. Coupled with the rise in pro-eco legislation and governmental pressure has meant the industry is under more scrutiny than ever.

Generating electricity from solar power systems and offshore wind is becoming increasingly cheaper and cost-effective. According to IRENA, over 80 percent of newly commissioned renewable energy will be cheaper than new oil & natural gas sources.

More recently, there has been a resurgence of confidence in the industry as it enters its third year of recovery. Growth is increasing at a remarkable rate, as increased upstream production continues to have a positive knock-on effect for midstream businesses. The price of crude has also stabilised – steadying at around $50 per barrel. In addition, 100,000 jobs are expected to be created in 2019 and the number of active drilling rigs in the U.S. has increased to 780 compared to 591 from a year ago.

The UK continental shelf also appears to be back, with the potential to unlock dozens of undeveloped discoveries with drilling prospects on the horizon. Additionally, we can expect an improved outlook for UK upstream production. The UK offshore sector is expected to improve after historical lows in the past few years as there are 16 planned greenfield projects with identified development plans and 29 announced greenfield projects forecast to start production between 2019 and 2025.

It is estimated that 30 billion barrels are consumed globally each year, primarily by developed nations. Oil also accounts for a significant percentage of energy consumption regionally from 32% for Europe and Asia, 40% for North America, 41% for Africa, 44% for South and 53% for the Middle East.

#Stegron Inc #Oil and Gas Industry #oil and energy

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newtechtrends · 2 years ago

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hrushikesh123 · 3 years ago

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LPG Tanker Market Share 2020 | Segmented by Top Manufacturers, Geography Regions, Trends and Forecasts to 2030

LPG Tanker Market: Introduction

The Global LPG Tanker Market has seen continuous development in the past couple of years and is anticipated to grow much further during 2020-2030. The exploration introduces a total evaluation of the LPG Tanker market and contains Future patterns, Current Growth Factors, mindful sentiments, certainties, chronicled information, and factually bolstered and industry-approved market information.

The global liquefied petroleum gas tanker market size was estimated at USD 182 million in 2021 and is expected to reach USD 286 million by 2030 at a CAGR of 5% during the forecast period (2022 – 2030).

Competitive Analysis

The report contains an in-depth analysis of the vendor's profile, including financial health, business units, key business priorities, SWOT, strategies, and views.

StealthGas Inc., Dorian LPG Ltd., Teekay Corporation, PT Pertamina (Persero), STX Corporation, Namura Shipbuilding Co., Ltd, DAE SUN SHIPBUILDING & ENGINEERING Co., Ltd., Kuwait Oil Tanker Co. S.A.K, BW LPG, Hyundai Heavy Industries, Great Indian Shipping Co. Ltd,

The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant R&D investments.

Request Sample Report of Global LPG Tanker Market @ https://straitsresearch.com/report/lpg-tanker-market/request-sample

Vendors across different verticals are planning for high investments in this market, and as a result, the market is expected to grow at an impressive rate in the upcoming years. The key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, collaboration & partnerships, joint ventures, and a few other strategies to be in a strong position in the global market.

Market Segmentation Analysis

The report provides a wide-ranging evaluation of the market, providing in-depth qualitative insights, historical data, and supportable projections along with the assumptions about the LPG Tanker market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor's portfolio, blogs, white papers, and vendor presentations. Thus, the research report represents every side of the LPG Tanker market and is segmented on the basis of regional markets, offerings, applications, and end-users.

By Vessel Very Large Gas Carrier Large Gas Carrier Medium Gas Carrier Small Gas Carrier By Refrigeration & Pressurization Ethylene Full Pressurized Semi Refrigerated Full Refrigerated

Regional Analysis

North America held the largest LPG Tanker market share in 2018 and is expected to dominate the market during the forecast period. The market will experience a steep rise in the following regions covered- North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Benefits

LPG Tanker Industry companies to ensure business continuity with powerful protection by constantly checking the report and representing attractive growth opportunities for the companies. LPG Tanker handles all the needs of the operators by allowing them to improve their services and concentrate on their core business. LPG Tanker Market Research aims to increase business agility and reduce operational and capital expenditure with improved technology rollouts and capacity planning. The report discusses service types and regions related to this LPG Tanker market. Further, the report provides details about the major challenges affecting the market growth.

Buy Now: https://straitsresearch.com/buy-now/lpg-tanker-market/global/

Other features of the report:

Provides a thorough analysis of the key strategies with a focus on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies.

Provides valuable insights into the product portfolio, including product planning, development, and positioning.

Analyses the role of key LPG Tanker market players and their partnerships along with mergers and acquisitions.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

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databridge34 · 3 years ago

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Worldwide Virtual Pipeline Systems Industry to 2028

The Virtual Pipeline Systems Market size is expected to grow at a compound CAGR of 5.92% for the forecast period 2021-2028. The Data Bridge market research report on the Virtual Pipelines market provides analysis and insight into various factors which are expected to persist during the forecast period while contributing to the growth of the market.

The virtual pipeline network is specially designed for planning the movement of oil and oil products from one place to another, either by transportation on shore, sea and oceanic tankers, or by barge. Consignment can also be handled in containers by rail or road.

Request Access for Virtual Pipeline Systems Market Sample Report:

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-virtual-pipeline-systems-market

Market Analysis and Insights : Global Virtual Pipeline Systems Market

The legacy pipeline infrastructure worldwide is expected to have an impact on the growth of the virtual pipeline systems market. Thus, rapid industrialization and strict regulation of carbon control standards are expected to be the main factors driving the growth of the virtual pipeline market as well during the forecast period 2021-2028.

The growth of several infrastructure modernization practices and programs is also expected, along with the high demand for energy transportation, which will also have a positive impact on the growth of the virtual piping system market. Strict regulations on emissions to the environment are primarily responsible for the growth of the market.

In addition, concerns about renewable energy sources, increased investment in research and development, and the growing focus by various energy and gas market players to support the use of low-emission natural gas are expected to provide various growth opportunities in the virtual piping system market during this time. travel forecast period.

Virtual Pipeline Systems Market Scope and Market Size

The virtual piping system market is segmented by type, product, vessel size, mode of transportation and application. Growth in different segments will help you gain knowledge of the various growth factors that are expected to dominate the market and formulate different strategies to identify key application areas and differences in your target market.

· Based on the type, the virtual piping system market is segmented into general types and special types.

· The virtual piping system market is segmented by product into Liquefied Petroleum Gas (LPG), Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), Propane, Diesel and Oil.

Virtual Pipeline Systems Market Country Level Analysis

The Virtual Piping System market is analyzed providing market size and volume information by country, type, product, container size, mode of transportation and application as mentioned above.

The countries covered in the market report are the United States, Canada and Mexico in North America, Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, other Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia Pacific (APAC), Saudi Arabia, United Arab Emirates, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as part of Middle East and Africa (MEA), Brazil, Argentina and other South America as part of South America.

Competitive Landscape and Virtual Pipeline Systems Market Share Analysis

The major players covered in the virtual pipeline systems market report are

· CERTARUS LTD.

· THROTTLE ENERGY INC. TECHNOLOGY

· Clean Fuel Connection Inc.

· Compass Natural Gas

· NG Advantage

· TX Energy Drilling Corporation

· Verdek Green Technologies Corp.

· Corban Energy Group

· Cimarron Composites

· Greenville LNG Company Limited

· GAS MALAYSIA BERHAD

· Hexagon Composites ASA

· SENER group

Access Full Report:- https://www.databridgemarketresearch.com/reports/global-virtual-pipeline-systems-market

Major TOC of Virtual Pipeline Systems Market Forecast

Get TOC of the Report: https://www.databridgemarketresearch.com/toc/?dbmr=global-virtual-pipeline-systems-market

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

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Email: [email protected]

#Virtual Pipeline Systems Market

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marketresearchcapture · 3 years ago

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LPG Tanker Market Size 2022 by Key Players, Types, Applications, Countries & Forecast to 2028

The most recent LPG Tanker Industry Market statistical surveying report involves a complete evaluation of LPG Tanker Industry industry, featuring the variables that will affect the business' income stream during the assessed course of events. Further, it gives an expressive framework of the open possibilities in the sub-promotes close by measures to profit from something almost identical.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on LPG Tanker Industry market covers the following areas:

LPG Tanker Industry market sizing

LPG Tanker Industry market forecast

LPG Tanker Industry market industry analysis

Competitive Analysis:

The LPG Tanker Industry market report includes information on the product launches, sustainability, and prospects of leading vendors including: (DAEWOO Shipbuilding, Meyer Turku, Hanjin Heavy, STX Offshore and Shipbuilding, Hijos de J. Barreras, DAE Sun Shipbuilding, Mitsubishi Heavy, Hyundai Mipo Dockyard, Namura Shipbuilding)

Request for Sample with Complete TOC and Figures & Graphs @ https://crediblemarkets.com/sample-request/lpg-tanker-industry-market-457561?utm_source=Ajay&utm_medium=FreePR

The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market segmentation

LPG Tanker Industry market is split by Type and by Application for the period 2021-2028, the growth among segments provides accurate artifices and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

By Types VLGC LGS MGC SGC By Applications Residential Use Commercial Use Other

Regional Analysis of Global LPG Tanker Industry Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global LPG Tanker Industry market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Major Points Covered in TOC:

Outline: Along with an expansive outline of the worldwide LPG Tanker Industry market, this segment gives an outline of the report to give a thought regarding the nature and substance of the examination study.

Analysis of Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the LPG Tanker Industry market.

Study on Key Market Trends: This piece of the report offers a more significant assessment of the latest and future examples of the market.

Market Forecasts: Buyers of the report will approach precise and approved evaluations of the all market size as far as worth and volume. The report additionally gives utilization, creation, deals, and different conjectures for the LPG Tanker Industry market.

Local Growth Analysis: All critical regions and countries have been covered in the report. The neighborhood examination will help with elevating players to exploit dismissed common business areas, prepare express philosophies for target regions, and contemplate the improvement of each and every regional market.

Segmental Analysis: The report gives precise and solid conjectures of the piece of the pie of significant portions of the LPG Tanker Industry market. Market members can utilize this examination to make key interests in key development pockets of the market.

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Key questions answered in the report:

What will the market development pace of LPG Tanker Industry market?

What are the key factors driving the Global LPG Tanker Industry market?

Who are the key manufacturers in market space?

What are the market openings, market hazard and market outline of the market?

What are sales, revenue, and price analysis of top manufacturers of LPG Tanker Industry market?

Who are the distributors, traders, and dealers of LPG Tanker Industry market?

What are the LPG Tanker Industry market opportunities and threats faced by the vendors in the Global LPG Tanker Industry industries?

What are deals, income, and value examination by types and utilizations of the market?

What are deals, income, and value examination by areas of enterprises?

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imarcmarketreport · 10 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

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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latestanalysis · 3 years ago

Text

Global Inert Gas Generator System Market Global Analysis And Forecasts By Application And Segment With Growth Rate, Competitive Trends And Regional Analysis Report 2027

Global Inert Gas Generator System Market

Inert gas encompasses insufficient oxygen for suppressing the combustion of the flammable hydrocarbon gases. The inert gas generator system helps in spreading the inert gas over the mixture of oil cargo hydrocarbon which increases the lower explosion limit & simultaneously reduce the higher explosion limit.

Market Drivers

The increase in commercial and military aircraft fleet is a major driving factor which expected to boost the global inert gas generator system market growth over the forecast period. Furthermore, this system reduces oil consumption providing cost efficiency and environmental benefits will significantly fuel the global inert gas generator system market growth. Also, the increase in adoption of inert gas generator system in the industrial sector will positively influence the market growth. Moreover, Mandatory Installation of IGGS in Cargo Ships will positively influence the market growth. Vessel transporting cargos which produce hydrocarbon vapors need inert gas generator systems to eliminate the risk of fire hazard and explosions in the cargo tanks. Thus, these are most important integrated system for oil tankers for safe operation of the marine cargo ships.

Get Sample Copy of this Report @ https://qualiketresearch.com/request-sample/Inert-Gas-Generator-System-Market/request-sample

Market Restraints

Ongoing long term contacts with the nitrogen gas suppliers is anticipated to hamper the global inert gas generator market growth during this forecast timeline.

Market Segmentation

The Global Inert Gas Generator System Market is segmented into type such as Industrial IGGS, Aviation IGGS, and Marine IGGS, by component such as Air Separation Module, Scrubber, Pressure & Temperature Controller, After Cooler, Combustion Chamber, Sensors, and Others. Further, market is segmented into end user such as Food & Beverages, Oil & Gas, Chemical, Metal & Mining, Commercial Aircraft, Military Aircraft, LNG/ LPG Tankers, and Others.

The Global Inert Gas Generator System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Honeywell International, Air Liquide, Cobham, Eaton Corporation, Onsite Gas Systems, Parker Hannifin Corporation, Wartsila, Coldharbour Marine, Novair, Alfa Laval, etc.

Market Taxonomy

By Type

Industrial IGGS

Aviation IGGS

Marine IGGS

By Component

Air Separation Module

Scrubber

Pressure & Temperature Controller

After Cooler

Combustion Chamber

Sensors

Others

By End User

Food & Beverages

Oil & Gas

Chemical

Metal & Mining

Commercial Aircraft

Military Aircraft

LNG/ LPG Tankers

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

Browse Full Research Report @ https://qualiketresearch.com/reports-details/Inert-Gas-Generator-System-Market

About Us

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.

#Inert Gas Generator System Market size #Inert Gas Generator System Market Share #Inert Gas Generator System Market Trend #Inert Gas Generator System Market Growth #Inert Gas Generator System Market Application

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