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Industrial IoT Authors: Jason Bloomberg, Elizabeth White, Dana Gardner, Liz McMillan, Pat Romanski

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Gas-to-Liquid Market (GTL) Set to Grow at 7.8% CAGR : 2013-2018 Worldwide Forecasts

DALLAS, August 22, 2014 /PRNewswire/ -- adds "Global Gas-to-Liquid (GTL) Market 2014-2018" research report of 64 pages, published in August 2014, to its store. This research forecasts the Global GTL (Gas-to-Liquid) market to grow at a CAGR of 7.8% over the period 2013-2018.

The Global Gas-to-Liquid (GTL) Market 2014-2018 research report covers the present scenario and the growth prospects of industry. A GTL is the refinery process of converting natural gas into long chain hydrocarbon products such as GTL diesel and GTL gasoline. Natural gases are converted into liquid fuels either via direct conversion or by using syngas as an intermediate.

Commenting on the report, an analyst said: "One of the key emerging trends in the market is increased investment in the market to improve GTL technology. Many market vendors are investing in different equipment, processes, and technology to enhance the quality of production and reduce the cost of production. Huge investments are being made to integrate various technologies for the production of various quality products such as combining oxygen with natural gas to form syngas."

Companies discussed in the Global Gas to Liquid (GTL) Market report include: Chevron Nigeria Ltd., Qatar Petroleum, Royal Dutch Shell plc, Sasol Ltd. and Statoil ASA. Other Prominent Vendors in the market are: China Shenhua Energy, Lurgi and Nigeria National Petroleum. Order a copy of this report at .

According to the report, one of the main drivers in this market is the growing need to reduce gas flaring from refineries. With increased demand for oil products worldwide, refinery activity has significantly increased resulting in high flaring of gas leading to a shift in focus toward alternative technology such as GTL to produce various liquid fuels.

Further, the report states that one of the major challenges confronting the market is the capital-intensive nature of GTL plants. The establishment of a GTL facility requires strong technical expertise and use of advanced technology, which increases the overall cost of these projects. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions that global Gas-to-Liquid (GTL) market 2014-2018 report helps answer includes: What will the market size be in 2018 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?

Other new reports on energy and power market available with are:

Global Off-Grid Remote Sensing Power System Market 2014-2018 is a 59 pages August 2014 research report that forecasts the industry to grow at a CAGR of 11.0% over the period 2013-2018. The Global Off-grid Remote Sensing Power System market can be divided into three end-user segments: Oil and Gas Industry, Weather Stations and Monitoring Sites, and Wind Industry. Companies discussed in this research include Acumentrics, Energy Solution International, Ensol Systems, Evergreen Energy Technologies, SFC Energy, Timber Line Electric and Control, Tycon Power Systems and UPS Systems. Read more at .

Global Carbon Capture and Sequestration Market 2014-2018 is a July 2014 research report spread across 55 pages that forecast the industry to grow at a CAGR of 25.49% over the period 2013-2018. This report covers the present scenario, growth prospects and provides a detail analysis of the market by service. The report also covers information about beneficial reuse of CO2 in existing as well as upcoming applications. Companies like UOP LLC, Exxonmobil Corp., Shell Cansolv, Schlumberger Ltd as well as prominent vendors like Aker Clean Carbon AS, Alstom SA, Chevron Corp., Fluor Corp., General Electric Co., Hitachi Ltd, Linde AG, Mitsubishi Heavy Industries, Siemens Energy Inc. and Southern Co. are discussed in the research available at .

Smart Grid Market in the Americas 2014-2018 research report says the industry is set to grow at a CAGR of 9.6% over the period 2013-2018. The Smart Grid market in the Americas can be segmented into four divisions: Integrated Communication, Sensing and Measurement, Cabling, and Consumer Interface. Companies like ABB, GE Energy, Landis+Gyr, Schweitzer Engineering Laboratories, Siemens, Arbiter Systems, Elster Metering Holdings, Itron and Sensus Metering Systems are discussed in the research available at .

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