Growth of Diesel Fuel Market to Be Impacted by the Increasing Oil and Gas E&P Investments | Technavio
LONDON--(BUSINESS WIRE)--Jan 8, 2020--
The report, diesel fuel market 2020-2024, has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geography and end-user for the forecast period 2020-2024.
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Technavio has announced its latest market research report titled global diesel fuel market 2020-2024. (Graphic: Business Wire)
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The report on the diesel fuel market includes:
Diesel fuel market analysis and forecast 2020-2024: Features
Diesel Fuel Market 2020-2024: Competitive landscape
Diesel Fuel Market Landscape 2020-2024: Geographic landscape
Diesel Fuel Market Landscape 2020-2024: End-user
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Increasing oil and gas E&P investments will drive the diesel fuel market
The growing demand for energy resulting from population growth and industrial developments has brought the issue of energy security to the forefront. This has led countries such as Canada and the US to tap unconventional reserves and adopt unconventional E&P technologies with large shale deposits. As a result, oil and gas companies are investing in shale oil and gas reserve E&P projects. This is leading to an increase in the supply of crude oil which is driving the global diesel fuel market growth.
Increasing adoption of hybrid power systems – An emerging trend in the diesel fuel market
Hybrid power systems are gaining prominence as they use at least one renewable energy source to produce electricity. In recent years, with the declining cost of solar PV systems, companies are adopting solar-diesel hybrid power systems. This rising adoption of solar-diesel hybrid power systems is likely to increase the demand for diesel fuel which in turn will boost market growth during the forecast period.
Other Key Topics Covered in the Report are:
DRIVERS AND CHALLENGES
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View source version on businesswire.com:https://www.businesswire.com/news/home/20200108005277/en/
CONTACT: Technavio Research
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INDUSTRY KEYWORD: OTHER ENERGY MINING/MINERALS OIL/GAS ALTERNATIVE ENERGY ENERGY NATURAL RESOURCES
SOURCE: Technavio Research
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PUB: 01/08/2020 04:00 AM/DISC: 01/08/2020 04:00 AM