The global air starter market is estimated to be USD 329.7 Million in 2016, and is projected to reach USD 397.0 Million by 2021, at a CAGR of 3.8% from 2016 to 2021. Increasing demand for compact starting devices, compatible to explosive environments, high power-to-weight ratio, and low maintenance are driving the air starter market. The air starter market has been segmented on the basis of type, end-user, and region.
Artificial lift is used to provide adequate pressure in low reservoir pressure well to thrust the crude to the surface. This process of increasing recovery in low margin production wells are supported by different types of artificial lifts such as Electric submersible pump system (ESPs), Progressive cavity pump system (PCPs), Rod Lift, Gas Lift, and Others. Artificial lift component market is the sub market of artificial lift market. ESP pump market is the largest revenue producer within component market. Apart from ESP pump, Rod lift pump and ESP motor is the next biggest revenue maker.
The direct drive (gearless) wind turbine is the low-speed generator that eliminates the need for a gearbox from the turbine’s drive train. These turbines have advantages such as - these are lighter as compared to conventional turbine, these have significantly lower maintenance costs, and it is not needed to replace gearbox as these are gearless turbines. The most preferred direct drive wind turbine generator is the permanent magnet type generator, as it is lighter in weight and possesses high reliability for offshore applications.