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Increased Environmental Concerns Drive Fabulous Sales Opportunities for Liquefied Petroleum Gas Market Players: TMR

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Liquefied petroleum gas refers to a flammable mixture of hydrocarbon gases that are utilized as a fuel in diverse end-use industries. This gas is created from fossil fuels at the time of natural gas and petroleum crude oil refining. Liquefied petroleum gas is popularly used in various industries as well as in households across the globe owing to its ability to burn relatively clean and release sulfur emission in lesser amounts.

Analysts at TMR are of the opinion that the global liquefied petroleum gas market will show growth at a healthy pace during the assessment period. Some of the important factors driving market growth are increased demand for energy-efficient unconventional fuel options, towering environmental concerns, rising acceptance in domestic sectors and households of many countries, and favorable functional properties of liquefied petroleum gas.

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Key Findings of Liquefied Petroleum Gas Market Report

  • The global liquefied petroleum gas market is foreseen to account for ~ US$307 bn by 2030 end.
  • It is estimated to demonstrate growth at a CAGR of ~5% during the forecast period of 2020 to 2030.
  • The total valuation of this market was ~US$ 185 Bn in 2019.
  • In terms of sources, the refinery was dominant segment of liquefied petroleum gas market in 2019.
  • Of all end-users, the residential/commercial was leading market segment in 2019.
  • Asia Pacific liquefied petroleum gas market is likely to gather prominent expansion avenues in the forthcoming years.
  • The nature of liquefied petroleum gas market is moderately fragmented.

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Liquefied Petroleum Gas Market: Key Driving Factors and Promising Avenues

  • In recent years, there is remarkable growth in use of liquefied petroleum gas in diverse end-use industries including industrial, horticultural, commercial, agricultural, and manufacturing sector. This growth is on the back of increased awareness about potential environmental and health safety advantages on the use of liquefied petroleum gas. Owing to this factor, the global liquefied petroleum gas market is estimated to witness increased demand opportunities throughout the assessment period 2020­–2030.
  • In past decade, there is extensive growth in the production of liquefied petroleum gas. Key reason attributed to this growth is increased demand for liquefied petroleum gas from the domestic sector for cooking and heating purposes. This scenario is impacting positively on the sales of the global market for liquefied petroleum gas.
  • Several enterprises in the global liquefied petroleum gas market are investing heavily in research and development activities. This factor is predicted to boost the expansion of this market in the forthcoming years.

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Liquefied Petroleum Gas Market: Competitive Assessment

  • The global liquefied petroleum gas market experiences presence of many local and international players. As a result, the competitive landscape of the market for liquefied petroleum gas seems to be highly intense. To sustain in this scenario, enterprises are utilizing organic as well as inorganic strategies.

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  • Several players in the global liquefied petroleum gas market are focused on strengthening their production capabilities. Therefore, enterprises are investing in new liquefied petroleum gas processing units. This strategy is likely to boost the growth of the global liquefied petroleum gas market in the years ahead.
  • The list of important companies working in the liquefied petroleum gas market includes Exxon Mobil Corporation, British Petroleum plc, UGI Corporation, Royal Dutch Shell plc, China Gas Holdings Limited, Kleenheat Gas Pty Limited, and Copagaz Distribuidora De Gas Ltda.

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The liquefied petroleum gas market can be segmented as follows:

Source

  • Refinery
  • Associated Gas
  • Non-associated Gas

End User

  • Residential/Commercial
  • Petrochemical & Refinery
  • Industrial
  • Transportation
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

Explore Transparency Market Research’s award-winning coverage of the global Energy & Natural Resources Industry,

Oil Storage Market – Asia Pacific dominated the global oil storage market in 2019. It is likely to be a highly attractive region of the global oil storage market during the forecast period. The oil storage market in the region is estimated to expand at a significant pace between 2020 and 2030, due to the rise in urbanization and globalization. In Asia PacificChina has the largest commercial and strategic oil storage facilities. It is followed by JapanJapan provides oil storages facilities on lease to various petroleum companies. IndiaMalaysia, and South Korea are expanding their existing oil storage facilities. The price of crude oil has reduced marginally due to sudden drop in global consumption. This, in turn, has led to an increase in demand for storage facilities across the globe.

Hydrogen Generator Market – The global hydrogen generator market is estimated to reach ~US$ 2 Bn by 2030, expanding at a CAGR of ~6% during the forecast period. Among processes, the steam reforming segment holds a leading share of the global hydrogen generator market. The steam reforming technology is used almost exclusively to produce hydrogen. The segment is expected to create an incremental opportunity of US$ 491.91 Mn between 2020 and 2030. The hydrogen generator market in North America is estimated to expand at a substantial pace during the forecast period, owing to the increase in sales of fuel cell electric vehicles (FCEVs) and fuel cell buses in the region.

Butanes Market – Butanes are primarily used in liquefied petroleum gas (LPG). The demand for butane is directly proportional to the rise in demand for LPG, since two-thirds of the butane produced globally is used in LPG. Presently there are many factors driving the global market for butanes. According to the report, the surging demand for LPG as a domestic fuel in commercial and residential sectors is the major factor attributed to the growth of the global butanes market. The market demand for butane is also fueled by the growing ethylene capacity in the Middle East, since butane is also used as petrochemical feedstock required for producing ethylene and other derivatives. However, fluctuations in the volatile crude oil market and growing regulatory issues owing to environmental concerns have appeared as major hindrances limiting the growth of butanes market.

Petroleum & Diesel Retail Market – The petroleum and diesel retail market is driven by the flourishing automobile industry all over the globe which is driving the demand for energy fuels particularly, diesel and petroleum. In any case, instability in costs of raw petroleum is the major factor which based on which, the final retailing cost of diesel and petroleum is decided in any nation. The business of a retailer is influenced by government measures and activities, costs of raw petroleum w.r.t finished product, and the geographical factors. Most retail outlets over the globe are monitored by national oil organizations of their nations. The drivers with respect to public sector units can be characterized into standards of security, fiscal drivers, regulations, and environmental policies. Fiscal drivers include taxes, for example, company taxes and fuel duty and rates in business that influence the business of PFS. The evaluation by the Voice of America depends on the execution of the retail outlet. The final expenses of retail incorporate roughly around 60% of VAT and fuel duty.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Artificial Intelligence

JIDU Makes Its Debut at Mobility Live ME 2024, Showcasing the Future of AI-Enabled Intelligent Mobility

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ABU DHABI, UAE, April 30, 2024 /PRNewswire/ — Setting sail for the world, a brilliant emblem of China’s intelligent automotive industry steps into the Middle East. On April 30th, JIDU made a significant appearance at Mobility Live ME 2024, with its AI-equipped pure electric SUV JIYUE 01 for the first time overseas, demonstrating the technological prowess of Chinese intelligent vehicles in the region. This comes after JIDU’s recent participation at Auto China 2024, marking the brand’s initial foray into an international auto exhibition as a representation of China’s AI technological innovation in the automotive sector, showcasing the future of AI-enabled intelligent mobility.

JIYUE 01 Debuts in the UAE, Signifying a Bright Future for Chinese Intelligent Vehicles
The Mobility Live ME 2024, a two-day event held at the Abu Dhabi National Exhibition Centre, is one of the most prominent specialized exhibitions in the new energy vehicle sector in the Middle East. As the capital of the UAE and a focal point for the NEV industry, Abu Dhabi serves as a policy-making hub and the largest market for these vehicles. With the launch of numerous NEVs and the push for eco-friendly transportation strategies, the UAE has emerged as a rapidly growing market for electric cars.
JIDU is a ROBOCAR startup between Chinese tech giant Baidu and car manufacturer Zhejiang Geely Holding Group. Focused on engineering, R&D, and commercialization of advanced autonomous driving and human-computer interaction (HCI) technologies, the company aims to create human-centric ROBOCARs.
JIDU’s first ROBOCAR JIYUE 01 is known for its striking design, excellent driving experience, and advanced intelligence. Empowered by Baidu’s comprehensive AI large model technology and Geely’s SEA vast architecture, JIYUE 01 became the first model globally to integrate an AI large model in a vehicle, and the sole Chinese and one of only two global models offering high-level autonomous driving based on visual perception and exceptional handling experience.
At Mobility Live ME 2024, JIYUE 01 showcased in Galaxy Purple and Mars Orange, along with the brand’s charging stations. The model gained wide recognition for its exceptional robot-inspired aesthetics and intellectualization capabilities.
JIDU’s international foray has set a new standard for AI-empowered automobiles in the region, opening a new window for the Middle East to understand Chinese intelligent vehicles, and opening doors for more Chinese intelligent vehicles to enter overseas markets. Looking forward, JIDU will actively expand its global footprints, showcasing the innovative concept of ROBOCAR worldwide, and striving to create a relaxing, liberating, and secure smart-tech travel experience for users worldwide.
Focusing on both Domestic and International Markets, JIDU Ushers in a New Era of AI-Driven Mobility
More than just a vehicle, JIDU ROBOCAR models have become integral to users’ lives. With the deep integration of AI large models in SIMO, it offers a more natural voice interaction transforming users’ habits. Presently, JIDU users have a daily average voice interaction penetration rate of 98%, with each car averaging around 63 interactions per day. As a representative of China’s pure vision intelligent driving technology, approximately 90% of users utilize JIDU’s PPA intelligent driving system. JIYUE 01 also won the champion title in the City NOA Challenge at the 2nd China Intelligent Driving Competition in Beijing.
JIDU models are ever-evolving and becoming smarter with each use. Since its launch, JIYUE 01 has offered monthly OTA updates, enabling users to “drive a new car every month”. The upcoming V1.5.0 software update will be fully rolled out, with PPA intelligent driving available for trial in 100 cities. Yet another evolved version of the JIYUE 01 is soon to debut. It’s the first model to feature Baidu Maps V20 SR intelligent driving edition. By 2024, JIDU’s PPA intelligent driving will be usable “nationwide,” wherever Baidu Maps can navigate.
In China, customers purchasing the JIYUE 01 will also benefit from a limited-time promotional offer, including a lifetime free subscription to the advanced high-level autonomous driving based on visual perception.
In China, the Auto China 2024 is still in full swing, with JIDU showcasing its latest lineup. The brand’s second model – an AI-powered all-electric sedan, JIYUE 07, made its debut, winning the title of “Most Beautiful 7 Series” with its artful Chinese original design.
In the new model JIYUE 07, classic elements from automotive design history are blended seamlessly with AI technology, eliminating traditional door handles, rooftop lidar, and other complex components. Adopting a sleek design with the golden ratio, it creates a technically minimalistic yet dynamic appearance of ROBOCAR. Remarkably, the model boasts an impressive drag coefficient of 0.198, setting a new benchmark for aerodynamic efficiency among its peers.
JIYUE 07 has been honored with two top global design awards, the German Red Dot and IF prizes, for its artistic Chinese original design. To date, JIDU ROBOCAR has won three of the most prestigious design awards in the industry, including the Red Dot Design Award (Germany), the iF Design Award (Germany), and the GOOD DESIGN Award (Japan), collectively covering a wide range of categories and recognizing JIDU’s excellence in 15 distinct honors. Chinese Original Design Triumphs at the Pinnacle of World Design.
CATL Chairman and CEO Zeng Yuqun highly praised the JIYUE 07 right after its debut, publicly stating that this model is fabulous, and he’ll take the first one.
Whether domestically or internationally, as a pioneer in intelligence, JIDU ROBOCAR consistently showcase cutting-edge AI technology. In the era of smart cars 3.0, with AI large models serving as its core, JIDU aims to drive the evolution of the intelligent automotive industry.
About JIDU
JIDU is a ROBOCAR startup officially established in March 2021 between Chinese tech giant Baidu and car manufacturer Zhejiang Geely Holding Group. Focused on the engineering, R&D, and commercialization of advanced autonomous driving and human-computer interaction (HCI) technologies, the company aims to create human-centric ROBOCARs, giving people more space and time to unlock more possibilities. As a pioneer in ROBOCAR, JIDU is establishing a new standard for intelligent vehicles through its cutting-edge autonomous driving capabilities and highly sophisticated HCI capabilities, creating a new category of mass-produced intelligent vehicle products.
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Aryaka Adds to Executive Team with Industry Leaders in People, Partnerships and Marketing

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Additions Position Aryaka to Capitalize on Expanding Unified SASE as a Service Market Opportunity
SANTA CLARA, Calif., April 30, 2024 /PRNewswire/ — Aryaka® today announced the appointment of three new executives to its leadership team, further solidifying its position as the leader in the rapidly expanding Unified SASE as a Service market. The executive appointments include Pam Holmberg as Chief People Officer, Farzad Tari as SVP of Corporate and Business Development, and Ken Rutsky as Chief Marketing Officer.

“We are thrilled to welcome Pam, Farzad and Ken to our growing Aryaka team,” said Shailesh Shukla, CEO at Aryaka. “Their extensive experience and proven track records in scaling high-growth technology companies will be instrumental in building the team and programs to drive continued growth, ecosystem expansion and leadership in the Unified SASE as a Service market. Adding Pam, Farzad and Ken to our outstanding product, sales and operational leadership team is a critical next step in our overall growth.”
New Leadership Appointments
Pam Holmberg, Chief People Officer: Pam brings over 20 years of experience building and leading high-performing HR teams at industry leaders like Realtor.com, Veritas Technologies, Pivotal, and NetApp. Before Aryaka, Pam was Head of People at ThoughtSpot, an AI-powered analytics company, where she was responsible for recruiting, HR operations, business partnering and employee engagement. With Aryaka, she is responsible for developing and implementing Aryaka’s global talent strategy to attract, retain, and develop top talent to support the company’s ambitious growth plans.
“I’m excited to join Aryaka’s talented team and build upon the company’s strong culture of innovation,” said Holmberg. “Aryaka’s commitment to its employees is evident, and I look forward to developing and implementing a global talent strategy that fosters continued growth and success.”
Farzad Tari, SVP of Corporate and Business Development: Farzad is a seasoned Business and Corporate Development executive with a 30-year track record of success in building strategic partnerships, driving channel programs, executing M&A transactions and unlocking shareholder value through successful exits. In his career Farzad has spearheaded billions of dollars of transactions including two IPOs, six strategic exits, and over 300 strategic partnerships, on behalf of industry leaders like Check Point, Imperva, F5 and Cisco. His deep expertise in cybersecurity and proven ability to forge strong relationships is critical in expanding Aryaka’s ecosystem and accelerating its go-to-market strategy.
“The Secure Network Access market is undergoing tremendous growth, and Aryaka is playing a pivotal role in this transformation with Unified SASE as a Service,” said Tari. “I’m eager to leverage my experience to expand Aryaka’s market presence, ecosystem and partnerships, enabling us to deliver even greater value to our customers, partners and investors.”
Ken Rutsky, Chief Marketing Officer: Ken is a Silicon Valley marketing leader with a proven ability to build categories and brands and drive business growth. His experience spans industry giants like Intel, Netscape and McAfee, where he drove the marketing that put the Secure Web Gateway business on a trajectory to grow from $50 million to over $300 million in just three years. Prior to joining Aryaka, Ken ran a successful go to market consulting practice where he helped create over $15 billion in market valuation including IPOs and successful exits for over a dozen clients.
“Aryaka is a leader and disruptor in Unified SASE, and I am excited to join this team,” said Rutsky. “The people, the product and the market present a unique opportunity to leverage my experience in building market disrupting categories and high velocity go to market programs that accelerate success.”
Additional Resources:For more on Aryaka, please visit: https://www.aryaka.com/Visit the Aryaka blog: https://www.aryaka.com/blog/Follow Aryaka on X: @AryakaNetworksVisit Aryaka on LinkedIn: https://www.linkedin.com/company/aryaka-networks/
About AryakaAryaka is the leader and first to deliver Unified SASE as a Service, the only secure network access solution designed and built to deliver performance, agility, simplicity, and security without tradeoffs. Aryaka meets customers where they are on their journeys, enabling them to seamlessly modernize, optimize and transform their networking and security environments. Aryaka’s flexible delivery options empower enterprises to choose their preferred approach for implementation and management. Hundreds of global enterprises, including several in the Fortune 100, depend on Aryaka for cloud-based software-defined networking and security services. For more on Aryaka, please visit www.aryaka.com.
Technology Media/Analyst ContactLee RegalLumina Communications for [email protected]
Channel Media/Analyst ContactKhali HendersonSenior PartnerBuzzTheory (for Aryaka)[email protected]
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Databricks Achieves FedRAMP High Agency Authority to Operate for AWS GovCloud

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SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Databricks, the Data and AI company, announced today that it has received a Federal Risk and Authorization Management Program (FedRAMP®) High Agency Authority to Operate (ATO) for its cloud services on Amazon Web Services (AWS) GovCloud. The data intelligence pioneer supports International Traffic in Arms Regulations (ITAR) use cases today, with the Provisional Authorization for DoD Impact Level 5 (IL5) expected soon. This authorization builds on Azure Databricks’ FedRAMP High and IL5 authorizations and further demonstrates Databricks’ commitment to meeting the federal government’s requirements for handling highly sensitive and mission-critical defense Controlled Unclassified Information (CUI) across a wide variety of data analytics and AI use cases.

“The power of data intelligence is being used to enhance national security decision-making dramatically and helping federal agencies modernize legacy systems that unlock data insights for mission success. This is an important milestone for Databricks as we expand our services to support mission-critical workloads for the federal market,” said Jude Boyle, Vice President of the Public Sector, at Databricks. “These authorizations will allow us to support our customers in addressing demanding government security standards to securely manage sensitive workloads in the cloud, delivering everything from drug discovery and development to defense readiness with Generative AI.”
“This significant achievement enables us to unlock powerful data and AI capabilities and apply them to the sensitive mission workloads of our civilian, defense, and intelligence clients,” said Denise Zheng, chief AI officer at Accenture Federal Services. “As the recognized Databricks Global Partner of the year, we are excited to work with them to continue delivering innovative, global solutions on AWS GovCloud to our federal customers to help them meet their unique needs and address their critical challenges.”
“We were eager to partner with Databricks on their journey to the DoD IL5 PA, as we see this as an important capability for our Defense clients in achieving the scale necessary to deliver data solutions at the speed of mission,” said Graham Evans, Senior Vice President at Booz Allen. “Booz Allen is well positioned to meet the evolving needs of clients, having been recognized as both the largest provider of AI-related services to the federal government and Databricks’ 2023 Public Sector Partner of the Year. Strategic partnerships with leading commercial technology companies like Databricks are crucial to our continued delivery of innovative technical differentiation to our clients’ most important missions.”
 “The recent attainment of FedRAMP High agency ATO on AWS GovCloud by Databricks enables us to offer their expanding data and AI capabilities to our government clients,” said Dave Thomas, Principal, Deloitte Consulting, LLP. “In collaboration, we are implementing solutions that combat data silos and enable innovative governance features such as Unity Catalog. This prepares agencies to stay mission-focused and securely leverage generative AI to enhance the effectiveness and efficiency of government processes.”
FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies and federal agencies. By achieving its first FedRAMP High agency ATO on AWS GovCloud, the Databricks Data Intelligence Platform for Public Sector empowers government agencies and contractors to accelerate innovation while minimizing risk when working with highly sensitive private sector and public sector data. The FedRAMP High agency ATO status assures customers that Databricks on AWS GovCloud meets the federal government’s compliance requirements to support sensitive data intelligence use cases.
Databricks on AWS GovCloud is available in public preview. Government agencies and contractors now will have the ability to run production workloads that need to comply with FedRAMP High and ITAR.To learn more about Databricks’ federal government customers, visit the Data Intelligence Platform for Federal Agencies page. Find more information on FedRAMP High on the Databricks Trust Center.
About DatabricksDatabricks is the Data and AI company. More than 10,000 organizations worldwide — including Comcast, Condé Nast, Grammarly, and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to unify and democratize data, analytics, and AI. Databricks is headquartered in San Francisco, with offices around the globe, and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake, and MLflow. To learn more, follow Databricks on LinkedIn, X and Facebook.
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