M2 PRESSWIRE-April 28, 2017-Global Turbine Oil Market 2017-2021 – Key Vendors are Castrol, Chevron, ExxonMobil, Royal Dutch Shell & Valvoline
(C)1994-2017 M2 COMMUNICATIONS
Dublin – Research and Markets has announced the addition of the “Global Turbine Oil Market 2017-2021” report to their offering.
The global turbine oil market to grow at a CAGR of 3.49% during the period 2017-2021.
Global Turbine Oil Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The development of environmentally friendly lubricants is a major trend in the global lubricants market for turbine oil applications. Many vendors are focusing on bioaccumulation and ecotoxicity to reduce the adverse impacts on the environment.
According to the report, the rising awareness toward reduction of carbon emissions will drive the power generation market toward electricity generation technologies that are having less carbon emission footprint such as gas turbines, steam turbines, and hydroelectric power generation. The increasing percentage of these technologies in power generation will attribute to the growth of the turbine oil market.
Further, the report states that the turbine oil market is dependent on the marine shipping business for its sustenance. The marine shipping business in turn is dependent on the global economy for its existence. In times of strong macroeconomic numbers, the global appetite for the consumption of goods increases, thereby increasing the demand for marine shipping business to transport these goods from producers to consumers.
However, the number of impediments to this growth is increasing in the current economic scenario, which might hamper the expansion of the global economy and affect the bunker oil market. One of the factors that will hinder the growth of the overall global economy will be the sustained deflation levels seen in the developed countries.
– Royal Dutch Shell
Other prominent vendors
– Bharat Petroleum
– Eastern Petroleum
– Gazpromneft – Lubricants
– Indian Oil Corporation
– LUKOIL Lubricants
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/rm7vxz/global_turbine