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themarketinsights · 2 years

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Process Simulation Software in Oil and Gas Market to Eyewitness Massive Growth by 2027 | AVEVA Group, Kongsberg Gruppen, ProSim

Advance Market Analytics published a new research publication on “Global Process Simulation Software in Oil and Gas Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Process Simulation Software in Oil and Gas market was mainly driven by the increasing R&D spending across the world.

Major players profiled in the study are:

Aspen Technology (United States), Honeywell Process Solutions (United States), AVEVA Group (United Kingdom), Process System Enterprise (United Kingdom), Chemstations (United States), Kongsberg Gruppen (Norway), GSE Systems (United States), Virtual Material Group (Canada), ProSim (France), EQ-Comp (India)

Get Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/103950-global-process-simulation-software-in-oil-and-gas-market#utm_source=DigitalJournalVinay

Scope of the Report of Process Simulation Software in Oil and Gas

Process simulation software is a program or application that allows oil and gas plants, pipelines, and other important equipment to be designed and modeled. These design tools assist project managers, site engineers, and site workers in fully understanding the product/operation in a virtualized environment, allowing them to build the plant, pipeline, and other structures as needed. Oil and gas firms can use the software to reduce the risk of error and optimize the total cost of production. One of the primary aspects that are projected to provide new chances for the growth of process simulation software in the oil and gas industry over the forecast period is increasing investment in AR/VR-based 3D simulation tools/solutions.

In June 2021, Baker Hughes and C3 AI announced that KBC, a wholly-owned subsidiary of Yokogawa Electric Corporation, will deploy artificial intelligence (AI) technology from the BakerHughesC3.ai (BHC3) alliance to enhance KBCâ€™s existing software portfolio for oil and gas process simulation, supply chain optimization, and energy management.

The Global Process Simulation Software in Oil and Gas Market segments and Market Data Break Down are illuminated below:

by Application (Upstream, Midstream, Oil and Gas Processing, Cryogenic Processes, Refining, Petrochemicals, Green Engineering), Operation (Off-shore, On-shore, Heavy Oil, Unconventional), Software (Cloud-based, On-premise), Services (Consultancy, Training, Support)

Market Opportunities:

Surging demand for automation systems in oil and gas industries

Growth and expansion of oil and gas industry

Market Drivers:

Increasing adoption of innovative and advanced technologies to enhance the efficiency of operations

Rising drilling activities globally and overall IT expenditure by oil and gas companies

Market Trend:

Rising research and development proficiencies to invest in innovative technologies such as 3D technology

What can be explored with the Process Simulation Software in Oil and Gas Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Process Simulation Software in Oil and Gas Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Process Simulation Software in Oil and Gas

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Have Any Questions Regarding Global Process Simulation Software in Oil and Gas Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/103950-global-process-simulation-software-in-oil-and-gas-market#utm_source=DigitalJournalVinay

Strategic Points Covered in Table of Content of Global Process Simulation Software in Oil and Gas Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Process Simulation Software in Oil and Gas market

Chapter 2: Exclusive Summary – the basic information of the Process Simulation Software in Oil and Gas Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Process Simulation Software in Oil and Gas

Chapter 4: Presenting the Process Simulation Software in Oil and Gas Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021

Chapter 6: Evaluating the leading manufacturers of the Process Simulation Software in Oil and Gas market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Process Simulation Software in Oil and Gas Market is a valuable source of guidance for individuals and companies.

Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=103950#utm_source=DigitalJournalVinay

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Craig Francis (PR & Marketing Manager)

AMA Research & Media LLP

Unit No. 429, Parsonage Road Edison, NJ

New Jersey USA – 08837

#Process Simulation Software in Oil and Gas market analysis #Process Simulation Software in Oil and Gas Market forecast #Process Simulation Software in Oil and Gas Market growth #Process Simulation Software in Oil and Gas Market Opportunity #Process Simulation Software in Oil and Gas Market share #Process Simulation Software in Oil and Gas Market trends

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conserveacademy · 18 days

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Your Engineering Skills with Piping Modeling Courses in Chennai

Piping systems are a crucial element of industrial facilities, and as industries like oil and gas, power plants, and chemical processing expand, the demand for professionals proficient in piping modeling is increasing. For engineers looking to specialize in this field, Conserve Academy’s piping modeling course in Chennai provides the ideal platform to enhance your expertise.

Why Piping Modeling is Important

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What You Will Learn

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Core Concepts of Piping Design:

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Advanced 3D Modeling Techniques:

Training on industry-standard software like PDMS, SP3D, and AutoCAD.

Creation of detailed 3D models to simulate piping systems in industrial plants.

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Drafting and Detailing:

Conversion of 3D models into 2D drafts for fabrication and installation.

Detailed isometric drawings and orthographic projections.

Ensuring piping layouts meet project specifications and quality standards.

Practical Industry Applications:

Hands-on projects simulating real-life piping design scenarios.

Case studies from industries such as oil refineries, power plants, and chemical plants.

Application of the latest technology and tools to solve design challenges.

Why Choose Conserve Academy?

Conserve Academy offers a highly specialized training program that equips you with both the technical skills and practical experience needed to excel in piping modeling. Key benefits include:

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Career Opportunities

Completing the piping modeling courses in Chennai can open doors to exciting roles, including:

Piping Engineer

Piping Designer

CAD Engineer

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With the growing demand for skilled piping professionals, this certification will boost your employability and set you up for success in the competitive engineering industry.

Conclusion

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ashwetu · 2 months

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Meticulous Research®, a leading global market research firm, has published a groundbreaking report titled “Digital Twin Market by Component (Software, Services), Type (Component Twin/Part Twin, Asset Twin, Process Twin, System Twin/Unit Twin), Application, End-use Industry, and Geography - Global Forecast to 2030.”

According to this comprehensive study, the digital twin market is anticipated to reach a staggering $183 billion by 2030, growing at an impressive CAGR of 41.6% from 2023 to 2030. The surge in market growth is attributed to several key factors, including the heightened focus on predictive maintenance, the rising demand for advanced simulation and design capabilities across various industries, and the imperative to enhance operational efficiency and minimize downtime.

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Market Drivers and Opportunities

The rapid implementation of 5G technology and the ongoing digitization and automation of manufacturing facilities are poised to create substantial growth opportunities for digital twin market players. However, challenges such as unreliable data for creating digital twins, data security risks, a shortage of skilled professionals, and the lack of standardized data analysis and security protocols across industries may impede market growth. Nevertheless, the increasing integration of digital twins with cutting-edge technologies such as AI and IoT represents a significant emerging trend.

Market Segmentation and Insights

To facilitate a detailed analysis, Meticulous Research® has segmented the digital twin market based on component, type, application, deployment, end-use industry, and geography.

Component Segment: The market is divided into software and services. In 2023, the services segment is expected to dominate the market, driven by the growing necessity for implementation, utilization, and maximization of digital twin benefits through data management, maintenance, and consulting services. Despite this, the software segment is projected to experience the highest CAGR during the forecast period.

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Type Segment: The digital twin market is categorized into component twin/part twin, asset twin, process twin, and system twin/unit twin. The asset twin segment is projected to hold the largest market share in 2023, driven by the increasing adoption of IoT devices and the demand for predictive maintenance solutions that enhance asset performance and operational efficiency.

Application Segment: Segmentation includes product design, process optimization, quality management, supply chain management, predictive maintenance, enterprise collaboration, customer experience, and other applications. The product design segment is anticipated to capture the largest market share in 2023 due to the need for virtual simulation and testing before physical manufacturing, which significantly reduces time and costs associated with prototyping and testing.

Deployment Segment: The market is segmented into Platform as a Service (PaaS) and Software as a Service (SaaS). In 2023, the PaaS segment is expected to dominate the market, attributed to its cost-effective and efficient computing power and data management capabilities essential for developing and managing digital twin applications.

End-use Industry Segment: The digital twin market encompasses industries such as automotive, logistics & transportation, energy & utilities, aerospace & defense, building & construction, healthcare, oil & gas, fintech, and consumer electronics. The automotive segment is expected to lead the market in 2023, driven by the adoption of digital twins to enhance vehicle design, manufacturing, and performance, ultimately reducing design errors and improving product quality.

Geographical Insights

Geographically, the digital twin market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is projected to hold the largest market share in 2023, supported by the region’s early adoption of Industry 4.0 technologies, the demand for predictive maintenance solutions, and the extensive use of IoT devices.

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Key Players

Prominent players in the digital twin market include General Electric Company (U.S.), IBM Corporation (U.S.), PTC, Inc. (U.S.), Microsoft Corporation (U.S.), Siemens AG (Germany), Ansys, Inc. (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Robert Bosch GmbH (Germany), Swim. AI (U.S.), Rescale, Inc (U.S.), Dassault Systems (France), ABB Ltd. (U.K.), Honeywell International Corporation (U.S.), and Schneider Electric SE (France).

For Further Information

Meticulous Research® Email: [email protected] Phone: +1-646-781-8004 Connect with us on LinkedIn

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energysearch · 1 year

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Navigating the Competitive Job Market: Strategies for Petroleum Engineers in Texas

Original Source: https://energysearchassociates.blogspot.com/2023/07/navigating-competitive-job-market.html

Texas, often referred to as the energy capital of the United States, offers numerous opportunities for petroleum engineers seeking rewarding careers in the oil and gas industry. However, the job market for petroleum engineers in Texas can be highly competitive. As a petroleum engineer, it is essential to develop effective strategies to navigate this competitive landscape and stand out from the competition. Energy Search Associates, a trusted leader in energy job recruitment, understands the challenges faced by petroleum engineers in Texas. In this article, we will provide valuable insights and strategies to help petroleum engineers successfully navigate the competitive job market in Texas.

1. Acquire Specialized Education and Training:

To excel in the competitive job market, petroleum engineers must acquire a strong educational foundation. Pursue a bachelor's or master's degree in petroleum engineering or a related field from a reputable institution. Consider gaining specialized knowledge in areas such as reservoir engineering, drilling engineering, production engineering, or petrophysics. Additionally, participate in industry-specific training programs and certifications to enhance your skills and marketability.

2. Gain Practical Experience:

Practical experience is highly valued by employers in the oil and gas industry. Seek internships or co-op opportunities with oil and gas companies or consulting firms to gain hands-on experience in petroleum engineering. These experiences provide valuable exposure to real-world projects, industry practices, and cutting-edge technologies. They also allow you to network with industry professionals and build relationships that can lead to job opportunities.

3. Develop Technical Proficiency:

Petroleum engineers must have a strong technical skill set to succeed in the competitive job market. Stay updated on industry-specific software and tools used in petroleum engineering, such as reservoir simulation software, drilling software, and production optimization tools. Familiarize yourself with industry standards and best practices. Developing technical proficiency will make you a more desirable candidate for employers seeking skilled petroleum engineers.

4. Build a Professional Network:

Networking is a crucial component of job searching in any industry, including petroleum engineering. Attend industry conferences, seminars, and workshops to meet professionals in the field. Join professional organizations, such as the Society of Petroleum Engineers (SPE), and actively participate in their events and activities. Networking provides opportunities to learn about job openings, gain industry insights, and build relationships with key decision-makers. These connections can help you access hidden job opportunities and receive recommendations from industry professionals.

5. Polish Your Resume and Cover Letter:

Your resume and cover letter are essential tools for showcasing your skills and experience to potential employers. Tailor your resume to highlight relevant coursework, internships, projects, and technical skills. Quantify your accomplishments and emphasize results-oriented experiences. Craft a compelling cover letter that demonstrates your passion for petroleum engineering, aligns your skills with the employer's needs, and conveys your enthusiasm for the industry. Ensure that both your resume and cover letter are error-free, well-structured, and visually appealing.

6. Leverage Online Job Platforms:

In today's digital age, online job platforms are an integral part of the job search process. Utilize reputable job boards and industry-specific websites to explore petroleum engineering job opportunities in Texas. Create a professional profile on professional networking sites like LinkedIn and actively engage with relevant industry groups and communities. Leverage these platforms to showcase your expertise, connect with industry professionals, and stay updated on job postings and industry news.

7. Prepare for Technical Interviews:

Technical interviews are a common part of the job application process for petroleum engineers. Prepare for technical interviews by reviewing fundamental concepts in petroleum engineering, including reservoir characterization, well testing, drilling techniques, and production optimization. Familiarize yourself with industry-specific challenges and problem-solving methodologies. Practice answering technical questions and presenting your solutions effectively. Technical proficiency and problem-solving skills will impress potential employers during the interview process.

8. Stay Informed about Industry Trends:

The oil and gas industry is dynamic, with constant technological advancements and evolving market trends. Stay updated on industry news, emerging technologies, and market dynamics. Follow reputable industry publications, attend industry conferences, and participate in webinars and workshops to stay abreast of the latest developments in petroleum engineering. Demonstrating knowledge and awareness of industry trends will set you apart from other candidates and demonstrate your commitment to professional growth.

9. Utilize the Expertise of Energy Search Associates:

Energy Search Associates can be a valuable resource in your job search for petroleum engineering positions in Texas. They possess in-depth knowledge of the Texas energy market and have access to a vast network of industry professionals and employers. Leverage their expertise to gain insights into specific job requirements, market trends, and employer expectations. Energy Search Associates can help you identify and connect with potential employers, provide guidance on interview preparation, and assist you throughout the job search process.

Conclusion:

Navigating the competitive job market as a petroleum engineer in Texas requires a strategic approach and a focus on developing a strong educational foundation, gaining practical experience, building technical proficiency, networking, tailoring application materials, preparing for technical interviews, staying informed about industry trends, and utilizing the expertise of Energy Search Associates. By implementing these strategies, petroleum engineers can increase their chances of securing rewarding job opportunities in the competitive Texas job market. With dedication, perseverance, and a proactive approach, petroleum engineers can thrive in their careers and contribute to the dynamic and ever-growing oil and gas industry in Texas.

#Petroleum Engineer Recruiting #Petroleum Engineering Jobs In Texas

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smitamaxi · 3 years

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Global Process Simulation Software in Oil and Gas Market Analysis, Segments, Size, Share, Global Demand, Manufacturers, Drivers and Trends to 2027

The Global Process Simulation Software in Oil and Gas Market size is projected to reach US$ 1.87 Bn by end of 2026, at a CAGR of 4.3%.

Global Process Simulation Software in Oil and Gas Market Overview:

Global Process Simulation Software in Oil and Gas Market: Report Scope the latest industry report on the global Global Process Simulation Software in Oil and Gas market assesses the opportunities and current market landscape, offering insights and updates on the corresponding segments for the forecasted period of 2021-2027. The report contains a complete analysis of major market dynamics as well as detailed information on the global Global Process Simulation Software in Oil and Gas market's structure. This market research report provides unique insights into how the global Global Process Simulation Software in Oil and Gas market is expected to grow from 2021 to 2027.

The primary goal of the Global Process Simulation Software in Oil and Gas market research is to provide detailed information on market opportunities that are assisting in the transformation of global Global Process Simulation Software in Oil and Gas enterprise. Report provide projected growth rates along with the compound annual growth rate (CAGR) for forecasted period to enable readers to better understand the monitoring and assessment of the global Global Process Simulation Software in Oil and Gas market, as well as to discover lucrative opportunities in the market.

Request for free sample : https://www.maximizemarketresearch.com/request-sample/41671

Market Scope:

Maximize Market Research, report provide overall market insights for manufacturers, suppliers, distributors, and investors in the global Global Process Simulation Software in Oil and Gas market. The information and data offered in the report may be used by all stakeholders in the global Global Process Simulation Software in Oil and Gas market, as well as industry professionals, researchers, journalists, and business researchers.

Maximize Market Research, report provides a unique research approach to conduct detailed research on the global Global Process Simulation Software in Oil and Gas market and make conclusions on the market's future growth factors. Primary and secondary research methodologies are combined in the research approach to assure the authenticity and validity of the conclusions in this report.

The report discusses the Global Process Simulation Software in Oil and Gas market's drivers, restraints, opportunities, and challenges. The research helps to identify the market growth drivers and determining how to utilize these factors as strengths. Restraints can assist readers in identifying traits that are restricting the Global Process Simulation Software in Oil and Gas market, as well as reducing them before they become an issue. This will assist readers in comprehending the aspects that will influence your ability to capitalise on possibilities.

Get more Report Details: https://www.maximizemarketresearch.com/market-report/global-process-simulation-software-in-oil-and-gas-market/41671/

Key Players:

• MOSIMTEC, LLC • ESI Group • The Anylogic Company • Chemstations Inc. • Eq-comp • KBC (Yokogawa) • Bryan Research & Engineering, LLC. • Schneider Electric • ProSim • Aspen Technology, Inc. • Honeywell Process Solution • AVEVA Group Plc • Virtual Materials Group Inc. (Schlumberger) • Kongsberg Group • Chemstations Inc. • GSE Systems • Process System Enterprise Ltd. • CULGI B.V. • Schlumberger Limited. • Simul8 Corporation • ANSYS, Inc. • MOSIMTEC, LLC • Hexagon AB • TietoEVRY

The competitive landscape shows the market share of major key competitors, as well as their key development plans and current financial performance over the previous five years. This information is anticipated to help businesses understand their competitors on a global level. Furthermore, the reports feature company profiles, product offers, critical financial data, country-level research, and a synthesis of demand and supply variables that influence market growth.

Regional Analysis:

Geographically, Global Process Simulation Software in Oil and Gas market report is segmented into several key regions are as follows,

Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Europe (Turkey, Germany, Russia UK, Italy, France, etc.)

North America (the United States, Mexico, and Canada.)

South America (Brazil etc.)

The Middle East and Africa (GCC Countries and Egypt.)

Furthermore, the study covers market size, growth rate, import and export, as well as country-level analysis, integrating the demand and supply forces of the Global Process Simulation Software in Oil and Gas market in these countries, which are impacting market growth.

COVID-19 Impact Analysis on Global Process Simulation Software in Oil and Gas Market:

COVID-19's global influence on the Global Process Simulation Software in Oil and Gas market was examined in this research. During this crisis, the report examines the Global Process Simulation Software in Oil and Gas market's alternatives, demanding conditions, and difficult possibilities in detail. In terms of funding and market expansion, the paper briefly examines the COVID-19's merits and limitations. The study also contains a set of concepts that should aid readers in developing and planning company strategies.

The report considers consultations to overcome past disruptions and foresees potential ones in order to improve preparation. Businesses can use the frameworks to design their strategic alignments in order to recover from such disruptive trends. Maximize Market Research analysts can also assist readers in breaking down a complex circumstance and bringing resiliency to a situation that is uncertain.

About Us:

Maximize Market Research provides B2B and B2C research on 12000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.

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architectnews · 3 years

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Digital twins are "big driver" towards net-zero cities say experts

Digital twins of buildings and cities could become an essential tool in the battle against climate change, according to technology experts.

These virtual replicas – computer models that use live data to create simulations of real-world objects and systems – can reduce the energy consumption of buildings in operation, proponents claim.

They do this by analysing a range of data sources, from heating and air conditioning systems to employee schedules and local traffic flow patterns. By identifying inefficiencies in these systems, digital twins can propose more energy-efficient approaches.

Digital twins can also lower the carbon footprint of new buildings and structures by optimising the energy efficiency of the construction process, and by tracking and controlling the supply chains of materials and products to reduce embodied carbon.

"In the cities, buildings and infrastructure world, I think the big driver for digital-twin adoption is around decarbonisation," said Michael Jansen, founder and CEO of digital twin software company CityZenith.

"Digital twins can help at multiple stages in the process of making a building go from carbon-positive to carbon-neutral," he told Dezeen.

In order to ensure global warming remains within 1.5 degrees Celsius of pre-industrial levels, the global economy needs to become net-zero by 2050, according to the 2015 Paris Agreement on the climate. This means ending all greenhouse gas emissions or negating unavoidable emissions with offsets that capture carbon from the atmosphere.

UK government invests in digital twins

Software developers and tech entrepreneurs predict this will lead to a huge uptake in digital twin technology, as governments and commercial organisations face increasing pressure to reduce their contributions to climate change.

The UK government is already investing. With its Centre for Digital Built Britain, a collaboration with the University of Cambridge, it has launched a National Digital Twin programme to build an eco-system that connects digital twins across businesses, allowing them to more easily share data.

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The Centre for Digital Built Britain, supported by the UK government, is building an eco-system of connected digital twins

Sarah Hayes, outreach lead for the programme, believes digital twin technology could play a crucial role in helping cities achieve net-zero carbon emissions.

"[Digital twins] can help us understand the impact of decisions and actions," she told Dezeen.

"If we'd had digital twins 20 or 30 years ago, would we be facing such a climate crisis now?" she said. "Would we have invested in oil and gas in the way we did, if we'd had all the information about the consequences back then?"

"It's about putting that information together, to be able to better understand the big picture; I think digital twins is the route to doing that."

Reducing energy use and carbon emissions

A study published in September 2020 predicted the market for digital twins to increase from $3.1 billion to $48.2 billion by 2026.

The technology is most commonly used in manufacturing, healthcare and logistics. For example, BMW and Tesla have integrated digital twins into vehicle development, medical researchers are using it to simulate the impacts of different treatments, and courier service DHL is using it to optimise operations in its warehouses.

Architects and designers are also experimenting with digital twins. The technology is being used to test the performance of the world's first 3D-printed bridge, so that the data can be used for future iterations of the design, while Foster + Partners has been using a robot dog to source data for a digital twin of a building under construction.

A recent report from professional services company EY found that digital twins can help to reduce the greenhouse gas emissions and carbon footprint of an existing building by up to 50 per cent, alongside cost savings of up to 35 per cent.

The report refers to case studies that include Nanyang Technological University in Singapore, which tested the use of digital twins to reduce energy use, water consumption, carbon emissions and waste across its campus of over 200 buildings.

Using data from a five-year period, the technology was able to suggest changes to building operations, resulting in a 31 per cent saving in energy use and a carbon emissions reduction of 9.6 kilotons.

Smart building management

CityZenith's SmartWorldPro is one of various digital twin software packages to offer opportunities for carbon reduction through efficient building management.

Developed specifically for the construction and real-estate sector, it can be used to manage the operation of both existing buildings and projects under construction.

Digital twin software packages like CityZenith's SmartWorldPro offer opportunities for carbon reduction

As part of a recent campaign called Clean Cities Clean Future, CityZenith is now offering its software to a selection of cities at no charge, with the promise that it can help them to reach net zero by 2050.

A pilot project will see the technology used to cut operating costs and carbon emissions at Brooklyn Navy Yard in New York.

"Digital twin technology could play a central part in decarbonising our built environment," wrote Jansen in a recent article for the World Economic Forum.

"Building owners, city planners and governments can use digital twins to track, manage and minimise emissions from both new and old buildings, as well as during construction," he said. "[They] can also predict traffic flow, or control individual room temperature."

Cityzenith will show how digital twins can help reduce carbon emissions with a project at Brooklyn Navy Yard

Scottish company Integrated Environmental Solutions (IES), another digital twin provider specialising in the built environment, has also proven that this technology can be used to reduce the carbon footprint of a wider area.

A digital twin built from IES's Virtual Environment software was used to optimise local wind power on Eday, one of the Orkney islands, allowing an entire community to reduce its energy requirements by 76 per cent in a payback of less than six years. The community hopes the changes will allow them to eliminate fossil fuel consumption on the island completely.

Traceability as a service

Decarbonising the supply chains of materials and products used in construction is a more difficult process, as it can involve sourcing data from a global network of manufacturers and suppliers, some of whom may not want to share their data.

One company taking on this challenge is Circulor, which has built up a large network of sources that allow it to uncover detailed information about supply chains. It offers this to a range of companies in a business model it calls "traceability-as-a-service".

Circulor has worked with manufacturers such as car brands Volvo and Mercedes, aerospace company Boeing and EV battery manufacturer CATL to bring transparency and efficiency to their production, but is now moving into the construction sector.

"I think we're going to start seeing more specification for sustainable construction, and to do that, you need this traceability that we're talking about here," said Douglas Johnson-Poensgen, CEO and co-founder of Circulor.

"People will want to know whether their green steel is really green," he told Dezeen.

Buildings with digital passports

Technology is fundamental to Circulor's operation. The company uses digital twins in parallel with blockchain technology, as a way of tracking the source of materials without any possibility of corruption.

According to Johnson-Poensgen, the process is inherently more complicated than a "bag and tag" system, where materials are simply traced from start to finish. Many materials go through several transformations in the process, so tracing these complex networks is only possible with the use of digital twins.

Circulor uses digital twins and blockchain technology to track complex networks of supply chains

"The challenge is far greater than tracking food or a diamond," he said, " because the digital representation of the commodity has to be able to cope with each of its transformation steps."

"But the idea is that you track the most polluting components, so that you're confident that they are as sustainably produced as they can be," he said. "Then you create a ‘digital passport' for a building, which includes all the ingredients that went into manufacturing each of its components."

"You've then got something you can use as a basis to, for example, refurbish that building in a more sustainable way."

The post Digital twins are "big driver" towards net-zero cities say experts appeared first on Dezeen.

#Architecture – Dezeen

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techsciresearch · 3 years

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Air Cooled Cooling Type Segment to Dominate the Turbo Generator Market through 2026 | TechSci Research

Growing energy requirements and surge in number of power plants is expected to drive the demand for global turbo generator market in forecast period.

According to TechSci Research report, “Global Turbo Generator Market By Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), By End User (Coal-fired Power Plant, Gas-fired Power Plant, Nuclear Power Plant, and Others), By Cooling Type (Air Cooled, Hydrogen Cooled, and Water-hydrogen Cooled), By Region, Competition Forecast & Opportunities, 2026”, the global turbo generator market is expected to witness steady growth in the forecast period. A turbo generator is a device that combines the work of a turbine and electric motor and can convert kinetic, chemical, and potential energy into electrical energy.

Turbo generator offers several advantages such as high efficiency and high control response, reliability, and have a longer life. Turbine generators are used for the power generation including the gas turbine generators in gas fired plants, water turbine generators in hydro power plants and others. Growing energy requirements around the globe and the rise in the installations of new power plants which uses turbine generator for energy generation is expected to fuel the demand of turbo generator market. Increase demand for the peak energy source and the subsequent rise in demand of the natural gas is contributing significantly to the market growth.

However, the growing installations of clean energy fuels to curb down pollution levels may restrain the turbo generator market growth.

Browse XX Figures spread through XX Pages and an in-depth TOC on "Global Turbo Generator Market”.

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Global turbo generator market is segmented into type, end user, cooling type, regional distribution, and company. Based on the end user, the market can be divided into coal-fired power plant, gas-fired power plant, nuclear power plant, and others. The gas-fired power plant segment is expected to account for major market share in the forecast period, 2022-2026. Growing demand for the generation of electricity around the globe owing to its huge applications in different verticals is driving the demand of this segment. The surge in the demand for the peak power source which uses natural gas as a significant fuel and the decline in the price of natural gas is expected to influence the demand of this segment. The gas-fired power plants can be connected with the electric grid instantly without taking much time and therefore finds high demand.

Based on the cooling type, the market can be divided into air cooled, hydrogen cooled, and water-hydrogen cooled. The air-cooled segment is expected to dominate the market in the next five years. High demand from the residential consumers for the consumption of electricity is influencing the growth of this segment. The use of air-cooled turbo generators for different applications including the military, agriculture, and construction industry is expected to create lucrative opportunities for the global turbo generator market growth. Based on the type, the market can be divided into gas turbine generator, steam turbine generator, and water turbine generator. The gas turbine generator is expected to witness growth in the predicted period owing to the growing demand for energy consumption from several industries including power, oil & gas, and large industries.

Alstom S.A., Andritz AG, Ansaldo Energia S.p.A., Ebara Corporation, General Electric Company, Mitsubishi Heavy Industries, Ltd., Siemens AG, Suzlon Energy Ltd., Toshiba Corporation, Dongfang Electric Corporation are the leading players operating in global turbo generator market. Market players are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several turbo generator manufacturers are coming up with their technologically advanced offerings.

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“The growing electrification process across the developing countries and the rapid infrastructural developments owing to urbanization and industrialization are influencing the turbo generator market growth. The launch of the projects by the leading authorities promoting access to electricity to reach every sector of society is expected to fuel the market growth for the next five years. Market players are investing huge amounts for the technological up-gradation of the existing system to increase their efficiency and performance which in turn is anticipated to propel the turbo generator market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Turbo Generator Market By Type (Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator), By End User (Coal-fired Power Plant, Gas-fired Power Plant, Nuclear Power Plant, and Others), By Cooling Type (Air Cooled, Hydrogen Cooled, and Water-hydrogen Cooled), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of global turbo generator market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global turbo generator market.

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Global Power Management System Market, By Type (Software, Hardware, Service), By Module (Power Monitoring & Control, Switching & Safety Management, Data Historian, Power Simulator, Generator Controls, Load Shedding & Management, Energy Cost Accounting, Others), By End-Use (Oil & Gas, Marine, Metal & Mining, Utilities, Data Centers and Others), By Region, Competition, Forecast & Opportunities, 2025

https://www.techsciresearch.com/report/global-power-management-system-market/1794.html

Global Power Quality Equipment Market By Equipment (Surge Arresters, Surge Protection Devices, Harmonic Filters, Power Conditioning Units, Power Distribution Units, Uninterruptable Power Supply, Synchronous Condenser, Voltage Regulator, Digital Static Transfer Switch, Static VAR Compensator, Solid Oxide Fuel Cells, Isolation Transformers, Power Quality Meters, Others), By Phase (Single Phase v/s Three Phase), By Application (Industrial & Manufacturing, Commercial, Residential, Transportation, Utilities), By Company, By Region, Forecast & Opportunities, 2026

https://www.techsciresearch.com/report/global-power-quality-equipment-market/2818.html

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techscimarketresearch · 3 years

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Air Cooled Cooling Type Segment to Dominate the Turbo Generator Market through 2026 | TechSci Research

Growing energy requirements and surge in number of power plants is expected to drive the demand for global turbo generator market in forecast period.

However, the growing installations of clean energy fuels to curb down pollution levels may restrain the turbo generator market growth.

Browse XX Figures spread through XX Pages and an in-depth TOC on "Global Turbo Generator Market”.

https://www.techsciresearch.com/report/turbo-generator-market/7762.html

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https://www.techsciresearch.com/report/global-power-quality-equipment-market/2818.html

Contact

Mr. Ken Mathews

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For More Market Research Blogs Visit: https://techsciblog.com/

#TechSci #Market Research Reports #Global Turbo Generator Market #Power #Turbo Generator Market Forecast #Turbo Generator Market #Turbo Generator Market Size

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7hrrecuitmentuk · 3 years

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Petroleum Industry Recruitment Agency in London, UK

Petroleum, also called crude oil, is a fossil fuel. The word ‘petroleum’ comes from the Latin roots of petro, meaning “rock” and oleum meaning “oil”. Petroleum Industry Recruitment Agency in London can give proper guidance. Like coal and natural gas, petroleum is a naturally occurring fossil fuel found in geological formations beneath the Earth’s surface. Millions of years ago, when plants, algae, and plankton drifted in oceans and shallow seas, these organisms sank to the seafloor at the end of their life cycle. Over time, they were buried and crushed fewer than millions of tons of sediment and even more layers of plant debris. Eventually, Hydrocarbons are simply chemicals made up of hydrogen and carbon. Different combinations of heat and pressure can create different forms of hydrocarbons. Sedimentary basins, where ancient seabed used to lie, are key sources of petroleum. Crude oil that is pumped from the ground can consist of hundreds. Light oils can contain up to 97% hydrocarbons, while heavier oils and bitumen’s might contain only 50% hydrocarbons and larger quantities of other elements. It is almost always necessary to refine crude oil in order to make useful products. After crude oil is removed from the ground, it is sent to a refinery where different parts of the crude oil are separated into useable petroleum products. These petroleum products include gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feedstock, waxes, lubricating oils, and asphalt. The gasoline we use to fuel our cars, the synthetic fabrics of our backpacks and shoes, and the thousands of different useful products made from petroleum come in forms that are consistent and reliable. Best Petroleum Industry Recruitment Agency in London and Top Petroleum Industry Recruitment Agency in London make in many cases easy. This programme will train you to understand and effectively utilize the workflow concepts now prevailing in the oil industry and prepare you to work in multidisciplinary teams. Drawing upon a long established track record of excellence in teaching and research, the MSC Petroleum Engineering and the Department of Geology and Geophysics along of courses including the fundamentals of petroleum. The MSC Petroleum Engineering develops your skills so you are able to include hands-on experience of using industry standard simulation software in all aspects of petroleum engineering. For the ones who are thinking, it is essential for them to know that the World will always need Energy and the students who opt for the course love the environment for the future generations. And more importantly this branch or field of engineering offers higher rates of career growth and more frequent opportunities for world travel. MSc in Petroleum Engineering in UK for International Students is advantageous as UK is considered as one of the world’s leading destinations for international students. Petroleum Industry Recruitment Agency in UK and Best Petroleum Industry Recruitment Agency in UK give support to creative job seekers. In human resource management, “recruitment” is the process of finding and hiring the best and most qualified candidate and hiring the best and most qualified candidate for a job opening, in a timely and cost-effective manner. When they speak of the recruitment process, they immediately think of activities such as the analysis of the requirements of a specific job, attracting candidates to apply for that job, screening the applicants and selecting among them, hiring the chosen candidates to become new employees of the organization. Recruitment companies act as the go-between for employers and jobseekers. They work on behalf of employer to find suitable candidates to fill their vacancies. Many employers use them, and singing up will sometimes give you access to jobs. Recruiting people takes a huge amount of time, and for many firms it is a real difficult to find enough time to do it well. Recruiting agencies fill a specific need. Employers need the right people to apply for their jobs, but often they don’t have the time to go and find these people themselves. They use recruitment agencies to do this for them, so that the employer can spend more of their time interviewing applicants. Agencies get lists of vacancies from employers and then they place adverts on internet job boards, and sometimes in other places too. The employer then picks its preferred candidates from this shortlist, and asks the agency to coordinate interviews. Top Petroleum Industry Recruitment Agency in UK helps in various aspects. Their level of insight puts us in the ideal position to service all of your oil & gas recruitment needs worldwide across both upstream and downstream operations. They offer confidential career advice to candidates and are happy to discuss opportunities, whether you are looking for your next contract position or a life-changing career move within the energy industries. They discretely approach specific companies on behalf of their candidates to generate interest in their skills and experience. London Petroleum Industry Recruitment Agency and Petroleum Industry Recruitment help to find a suitable talent. Some of petroleum jobs in UK are: Valero Stanwell Petroleum Driver- Daily loading of the vehicle at the designated fuel terminal or company depot following all operational procedures and health & safety guidelines, delivering fuel oil to retail for court premises on a fuel tanker, completion of appropriate paperwork to ensure that delivery facilities are completed effectively, in a timely manner and with 100% accuracy, to carry out deliveries to both the customer and contractual service level requirements, to undertaken in both a legally compliant and health and safety manner, keep truck clean at all times. Trade Control Analyst- Performing daily validation activities, making sure all physical crudes & products and oil derivatives transactions are duly and timely captured and validated accordingly to the company procedures, performing daily validation activities of relevant price information (spot/forward), making sure all relevant market data information is duly and timely validated accordingly to the company procedures, support the oil physical and financial end of day process in the relevant ETRM systems guaranteeing the timely generation of position and PNL reporting, ensure compliance with all internal and external regulation, Ensure all internal & external audit requests/issues are promptly addressed. Auditor, Application Support Analyst, Geophysical Advisor, Reservoir Engineer are also some available petroleum jobs in UK. Petroleum Industry Recruitment Agencies in London and Petroleum Industry Recruitment Agencies in UK provide more fit talents.

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kisan0318 · 3 years

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Electrical Computer-Aided Design (ECAD) Market Price Analysis 2021, Size, Share and Global Business Opportunities to 2027

Overview

The Global Electrical Computer-Aided Design (ECAD) Market is expected to reach USD 2860.3 Million by 2024 at a CAGR of 9.22% during the forecast period. Market Research Future (MRFR) in its report envelops segmentations and drivers to provide a better glimpse of the market in the coming years.

Cloud computing is a driving force for the designing field, as it enables designers to access tools and collaborate with their teams over a single platform to make informed decisions during the designing stage. According to a Worldwide CAD Trends 2016 survey conducted by Business Advantage, the use of cloud-based CAD is likely to go up to 29% over the next three to five years. However, the piracy of ECAD software is a major factor limiting the growth of the global electrical computer-aided design (ECAD) market. Increasing use of cloud-based ECAD tools and increasing demand for automation in process industries such as oil & gas and manufacturing are contributing to the growth of the global electrical computer-aided design (ECAD) market.

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Competitive Analysis

The key players of the global electrical computer-aided design (ECAD) market are Dassault Systèmes SE (France), EPLAN Software & Service (Germany), Siemens AG (Germany), Autodesk, Inc. (US), Trimble, Inc. (US), Bentley Systems, Inc. (US), Nemetschek SE (Germany), IGE+XAO (France), and ALPI International Software (France), among others.

In January 2019, Trimble launched the latest version of its architectural modeling software—SketchUp Pro 2019. The product has layers with dashed lines which allow simplifying drawings with effective communication.

In February 2017, IGE+XAO Group opened a new subsidiary in India—IGE+XAO INDIA Private Limited—to enhance its distribution capabilities. This subsidiary distributes IGE+XAO Electrical CAD, PLM, and simulation software for the rapidly expanding Indian market.

Segmental Analysis

The global electrical computer-aided design (ECAD) market has been segmented based on component, industry type, application, vertical, and region.

Based on component, the market has been classified as software and services (support, training, and maintenance). The software segment accounted for the largest market share in 2018; the services segment is expected to register the highest CAGR during the forecast period. electrical computer aided design market is a real-time standalone, easy-to-use, multi-user electrical design tool that helps in efficiently defining the electrical interconnections for complex electrical systems. Various organizations provide a range of ECAD support services to provide insights into, and detailed information about the entire ECAD software system. Training service providers offer online training, customized classes, classroom, and on-site training, and one-day training classes to end users. The regular maintenance of ECAD software prevents unwanted downtime and proves critical to maintaining a smooth-running facility. Maintenance services help organizations to support the work efficiency of software on a timely basis.

Based on industry type, the market has been classified as process industry and discrete industry. The discrete industry segment accounted for the largest market share in 2018, with a market value of USD 1,192.7 million; it is expected to register the highest CAGR during the forecast period. The discrete industry involves the production of whole equipment or parts/components; ECAD is required to create and modify the design of an equipment manufacturing process. Various software providers, such as Autodesk, offer ECAD software solutions and for discrete product manufacturing. The solutions provide 3D model designing, engineering, data management, and process management. The implementation of software in process industry enhances productivity, which saves time and minimizes errors in implementation planning. Different process industries require a different set of ECAD features and capabilities that vary as per the industry requirements. The adoption of ECAD is expected to grow significantly in the process industry during the forecast period.

Based on application, the market has been classified as industrial machine controls, plant design, mining equipment control, rail signaling, switchgear design, water treatment and distribution system control, and others. The industrial machine controls segment accounted for the largest market share in 2018, while the water treatment and distribution system control segment is expected to register the highest CAGR during the forecast period. Machine control helps in increasing productivity, reducing costs, and improving ease-of-use. Industrial machines are custom designed for their specific purpose and are optimized for throughput, precision, and availability. A plant layout largely impacts the total operation of a company which includes the production processes, equipment, storage, and dispatch. Signaling is one of the important components of railway network design, as the control and management of trains depend on signals for safer train movement. ECAD software is used in rail signaling to perform tasks such as modifying existing interlockings or creating new ones, editing of interlockings, making wiring schematics, generating wiring schedules and tables and tables linked to schematics automatically, creating rack layouts linked to schematics, and auto-generation of plans and documentation. The ECAD software covers the entire range of services in designing switchgear, which includes mounting layout in 3D, using the virtual wiring of the components to the individual design and adaptation of copper bars for flexible power distribution systems. In a water treatment plant, there are various electrical tasks performed, such as design and build of integrated power and control solutions. It is essential that the electrical network of a water treatment plant is in line with the required processing quality of the plant so that it can operate using optimal energy and reduced cost.

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Based on vertical, the market has been segmented into automotive, plant design, aerospace & defense, construction, railway, power generation equipment and machinery, oil & gas, food & beverage, energy, and others. The automotive segment accounted for the largest market share in 2018, while aerospace & defense is the second-largest segment. The Power generation & energy segment is expected to register the highest CAGR during the forecast period. ECAD software is used for prototyping simplified system designs in automotive vertical that offer benefits such as reduction in complex cabling structure and switchboard control. Designing and manufacturing a new commercial aircraft are extremely complicated, expensive, and risky processes. ECAD software solutions assist the development teams in streamlining the design and assembly of electrical layout of the prototype. ECAD software are mainly used in the construction sector for electrical drawing. Electrical drawings include circuit diagrams and drawings, circuit panels, electrical schematic drawings, electrical blueprints for floors and electrical grid systems that provide detailed information about power, lighting, and communication. The railway network across the globe is increasing rapidly as it is a more reliable and relatively inexpensive mode of transportation. With technological advancements, the complexity of railway networks is also increasing as large numbers of cables and electronic components are being incorporated in the rail design to enhance its overall performance. Energy and power sector faces a number of challenges such as complying with standards, securing supply, and optimizing load distribution, among others. Therefore, there is a continuous pressure on the engineers to design an electric power system that has enhanced features and meets the standard requirements. Designing of heavy equipment and machinery is a complex process as it involves large-sized equipment ranging from 20 to hundreds of tons with multiple components needed to be integrated into a feasible design. Electrical engineering has a significant influence on the operation of the oil & gas industry. For the same, electrical engineers are continuously performing tasks such as designing electrical control systems for oil and gas drilling equipment, producing required documents, drawings/schematics, and procedures related to the electrical systems and similar other. Food & beverage plant consists of a variety of systems and components which need to work together to provide problem-free production. The ECAD software is used to design, monitor, integrate, automate, and maintain the electrical components of production lines to ensure that the facility operates at peak efficiency.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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crazytaleobservation · 3 years

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Digital oilfield market - Market Application, Technological Advancement, Key Players

Market Highlights

Digital oilfields encompass variety of tools, tasks and disciplines altogether. Advanced software and data analysis procedures used to improve the profitability of oil and gas operations. The main aim of digital oilfield is to minimize the non-productive time, maximize the oilfield recovery and increase the profitability. The digital oilfield includes production optimization, operational efficiency, decision support, collaboration, data integration, the melding of operation with information technology and Internet of things. It comprises a combination of network sensors, cloud computing, advanced big data analytics, and artificial intelligence.

Based on process, this segment includes Reservoir, Production, and Drilling Optimization. Among them production is estimated to have faster growth and largest market share in the forecast period because the growing demand of oil and gas. Based on solution, this segment includes Hardware, Software and Data Storage. Among these, hardware solution is projected to have faster growth and largest market share during the forecast period. As hardware solution includes smart well, distributed control system, wireless sensors, SCADA (Supervisory Control and Data Acquisition) and others and these are prime components for digital oilfield which are extensively used. Based on application this segment includes offshore and onshore.

The global digital oilfield market is projected to grow USD 22.36 billion by 2023 with a CAGR of more than 5.5% in the forecast period.\

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Market Research Analysis

North America accounts for the largest market share whereas Asia-Pacific is the fastest growing region.

Region wise, North America and Western Europe with their mature oilfields are having various number of project which are incorporated with digital oilfield. The main benefit of digital oilfield is wireless networking which provides high speed communication. For instance, In March 2018, BP has awarded a contract to Kongsberg Digital to design, build, install and perform the acceptance of sophisticated digital twin. The Kongsberg Digital model will be connected to Mad Dog 2 facility to create realistic simulation environment which will deliver dynamic decision support for production effciency in Gulf of Mexico region. It has been estimated that Asia-Pacific region will grow at the highest rate during the forecast period.

Scope of the Report

This report provides an in-depth analysis of the global digital oilfield market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the digital oilfield market by its process, solution, application and by region.

By Process

· Reservoir

· Production

· Drilling Optimization

By Solution

· Hardware

· Software

· Data Storage

By Application

· Onshore

· Offshore

By Regions

· North America

· Asia-Pacific

· Europe

· Middle East & Africa

Key Players

The major key player in global digital oilfield market are Schlumberger Limited (US), Weatherford International plc (Switzerland), Halliburton (US), National Oilwell Varco (US), Baker Hughes Incorporated (US), Siemens AG (Germany), Kongsberg Oil & Gas Technologies Inc. (UK), Emerson Electric Co. (US), Rockwell Automation, Inc. (US) and they are highly capable to give finest service in the industry.

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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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#Digitaloilfieldmarketsize

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ashwetu · 2 months

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Meticulous Research® Releases Comprehensive Report on Digital Twin Market Forecast to 2030

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Market Drivers and Opportunities

Market Segmentation and Insights

To facilitate a detailed analysis, Meticulous Research® has segmented the digital twin market based on component, type, application, deployment, end-use industry, and geography.

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Geographical Insights

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Key Players

For Further Information

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yash-tiknayat · 3 years

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Digital Oilfield Market Research Report - Forecast till 2023

Market Highlights

Digital oilfields encompass a variety of tools, tasks, and disciplines altogether. Advanced software and data analysis procedures used to improve the profitability of oil and gas operations. The main aim of the digital oilfield is to minimize the non-productive time, maximize the oilfield recovery and increase profitability. The digital oilfield includes production optimization, operational efficiency, decision support, collaboration, data integration, the melding of operation with information technology, and the Internet of things. It comprises a combination of network sensors, cloud computing, advanced big data analytics, and artificial intelligence.

The global digital oilfield market is projected to grow USD 22.36 billion by 2023 with a CAGR of more than 5.5% in the forecast period.

North America accounts for the largest market share whereas Asia-Pacific is the fastest growing region.

Scope of the Report

By Process

Reservoir

Production

Drilling Optimization

By Solution

Hardware

Software

Data Storage

By Application

Onshore

Offshore

By Regions

North America

Asia-Pacific

Europe

Middle East & Africa

Key Players

View Full Reports: https://www.marketresearchfuture.com/reports/digital-oilfield-market-6784

About Market Research Future:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

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chitrakullkarni · 3 years

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Operator Training Simulator Market Regional Outlook By Type, End-User, Technology And Application, 2025

The global Operator Training Simulator Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

The global operator training simulator market size is projected to touch USD 12581.0 million by the end of 2025, as per the report released by Million Insights. It is estimated to grow with a CAGR of 11.6% over the estimated duration. The surging requirement to train workers with essential skills is anticipated to promote the use of OTS solutions in the upcoming years.

Key Players:

ABB

Andritz

Aspen Technology, Inc.

AVEVA Group plc

CORYS

EON Reality

GSE Systems

Honeywell International Inc.

MYNAH TECHNOLOGIES LLC

Siemens

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Growth Drivers:

Factors such as increasing investment in various training programs for site workforce, growing awareness for workplace safety, and easy accessibility of innovative platforms coupled with the latest technologies such as VR, AI, and 3D displays are projected to fuel the market growth over the forecast years.

The simulation is used for the past many years in various industries such as military, energy, airline, and nuclear power. Government regulations are the prime factors promoting the application of OTS across various industries to equip the workforce with necessary safety skills when they encounter any unforeseen circumstance. For example, Hydrocarbon Process Industries (HPI) has been using OTS for more than three decades. The increasing uses of digital panel and analog simulator have resulted in drastically reducing the cases of accidents. Therefore, this factor is projected to proliferate the sales of OTS solution over the forecast duration.

Component Outlook:

Hardware

SoftwareControl Simulation Process Simulation Immersive Simulation

Service

End Use Outlook:

Automotive

Aerospace & Defense

Energy & Power

Oil & Gas

Medical & Healthcare

Type Outlook:

Console Operator

Field Operator

Regional Outlook:

North America occupied the largest market share in 2018. Factors such as technological enhancement, automation, training programs for employees about new technology and continuous product innovation are projected to drive the market growth over the forecast duration. Moreover, growing awareness regarding safety at workplace and the requirement for equipping the existing workforce with new skills are predicted to bode well for the market growth in the upcoming years.

Asia Pacific market is projected to witness significant growth from 2019 to 2015 owing to the wide application of OTS software in the processing industries along with rising automation.

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waaaiz · 4 years

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China AI Market Research Report

Growth opportunities in the China AI market look promising over the next six years. This is mainly due to the accelerating adoption of advanced technologies across numerous sectors along with the increasing number of government initiatives that are focused on different technological advancements in industries such as retail, manufacturing, defense, oil & gas, healthcare, among others.

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China AI Industry Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

One of the major factors that is contributing to the growth of the China AI market size includes the rising adoption of advanced technologies by numerous sectors. Artificial intelligence is increasingly introduced in numerous industries to improve their research & development activities and induce automation in their processes. AI facilitates better decision-making and problem solving by its reasoning abilities. This is one of the biggest reasons for the rising implementation of AI in the different programs among various industries. In addition to this, the government initiatives are emphasized on technological advancements in industries which include oil & gas, defense, retail, healthcare, and manufacturing. The 'New Generation Artificial Intelligence Development Plan', aims to increase the prevailing businesses and become a prominent player in the technologies such as self-driving cars, virtual reality, smart robots, and military applications (that are based on inbuild knowledge to have the capabilities to learn from surroundings) by the end of 2030. All these factors are propelling the growth of the artificial intelligence industry in China.

The country is looking forward to the introduction of artificial intelligence in military operations. There have been an increase in the number of conferences related to Artificial Intelligence (AI) attended by officials of China's Ministry of Foreign Affairs, corporates executives of AI companies of China, government think tank experts, and leaders of China's military AI research organizations. The main objective is to become the world's primary AI innovation center by abolishing Xi's term limits. This will allow the top players such as Baidu, Alibaba, and Tencent, also known as BAT, to become superior and well organized.

Offering Segment Drivers

On the basis of the offering, the software is projected to grow at a higher CAGR during the forecast period. AI software is increasingly opted by various enterprises due to the high computing power, enhanced information capacity, and parallel processing capacity to bring advancement in their technologies. AI offers a meaningful value to the given data.

China AI Market Segmentation:

Segmentation by Offering:

Hardware

Software

Services

Processors

Memory

Network

AI Platforms

AI Solutions

Deployment & Integration

Support & Maintenance

Segmentation by Technology:

Machine Learning

Natural Language Processing (NLP)

Context-Aware Computing

Computer Vision

Deep Learning

Supervised Learning

Unsupervised Learning

Reinforcement Learning

Generative Adversarial Networks (GANS)

Others

Segmentation by Type:

Narrow/Week AI

General/Strong AI

Segmentation by End-User:

Healthcare

Manufacturing

Automotive

Agriculture

Retail

Security

Human Resources

Marketing

Law

Fintech

Construction

Defense

Aerospace

Supplychain

Building Automation

Consumer

Food & Beverage

Gaming

Media and Entertainment

Telecommunication

Oil & Gas

Patient Data & Risk Analysis

Lifestyle Management & Monitoring

Precision Medicine

Inpatient Care & Hospital Management

Medical Imaging & Diagnostics

Drug Discovery

Virtual Assistant

Wearables

Research

Material Movement

Predictive Maintenance and Machinery Inspection

Production Planning

Field Services

Reclamation

Quality Control

Autonomous Driving

Hmi

Semiautonomous Driving

Precision Farming

Livestock Monitoring

Drone Analytics

Agricultural Robots

Others

Product Recommendation and Planning

Customer Relationship Management

Visual Search

Virtual Assistant

Price Optimization

Payment Services Management

Supply Chain Management and Demand Planning

Others

Identity and Access Management

Risk and Compliance Management

Encryption

Data Loss Prevention

Unified Threat Management

Antivirus/Antimalware

Intrusion Detection/Prevention Systems

Others

Virtual Assistant

Applicant Tracking & Assessment

Personalized Learning and Development

HR Analytics

Job Recommendation

Sentiment Analysis

Social Media Advertising

Search Advertising

Dynamic Pricing

Virtual Assistant

Content Curation

Sales & Marketing Automation

Analytics Platform

Others

Ediscovery

Legal Research

Contract Analysis

Case Prediction

Compliance

Others

Virtual Assistant

Business Analytics & Reporting

Customer Behaviour Analytics

Others

Project Management

Field Management

Risk Management

Schedule Management

Warfare Platform

Cyber Security

Target Recognition

Battlefield Healthcare

Simulation & Training

Planning & Allocation

Threat Monitoring & Situational Awareness

Information Processing

Others

Smart Maintenance

Flight Operations

Training

Surveillance

Virtual Assistants

Dynamic Pricing

Manufacturing

Others

Fleet Management

Supply Chain Planning

Warehouse Management

Virtual Assistant

Risk Management

Freight Brokerage

Others

Predictive Maintenance & Machine Inspection

Customer Analytics

Network Security

Network Optimization

Self-Diagnostics

Virtual Assistance

Others

Predictive Maintenance & Machine Inspection

Material Movement

Production Planning

Field Services

Quality Control

Reclamation

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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kisan0318 · 3 years

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Electrical Computer-Aided Design (ECAD) Market Price Analysis 2021, Size, Share and Global Business Opportunities to 2027

Overview

Competitive Analysis

Segmental Analysis

The global electrical computer-aided design (ECAD) market has been segmented based on component, industry type, application, vertical, and region.

Based on component, the market has been classified as software and services (support, training, and maintenance). The software segment accounted for the largest market share in 2018; the services segment is expected to register the highest CAGR during the forecast period. computer aided design market is a real-time standalone, easy-to-use, multi-user electrical design tool that helps in efficiently defining the electrical interconnections for complex electrical systems. Various organizations provide a range of ECAD support services to provide insights into, and detailed information about the entire ECAD software system. Training service providers offer online training, customized classes, classroom, and on-site training, and one-day training classes to end users. The regular maintenance of ECAD software prevents unwanted downtime and proves critical to maintaining a smooth-running facility. Maintenance services help organizations to support the work efficiency of software on a timely basis.

Access Report Details @ https://www.marketresearchfuture.com/reports/electrical-computer-aided-design-market-8235

About Market Research Future:

Contact

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

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