Downhole Tools Market will surge to $7.8 Billion by 2029
The global Downhole Tools Market in terms of revenue was estimated to be worth $6.1 billion in 2024 and is poised to reach $7.8 billion by 2029, growing at a CAGR of 4.8% from 2024 to 2029 according to a new report by MarketsandMarkets™.
Downhole tools are essential because they are used in safe, efficient, and productive extraction of oil and gas from underground reservoirs. Downhole tools...
Produced Water Treatment Market Forecast: USD 13.4 Billion with a CAGR of 4.7% (2024-2029)
Global Produced Water Treatment Market Overview
The produced water treatment market is forecast to reach USD 13.4 billion by 2029 from an estimated USD 10.7 billion in 2024, at a CAGR of 4.7% during the forecast period (2024-2029). Produced water treatment is primarily used in Oil and gas wells for the treatment of the water extracted along with the hydrocarbons. The produced water treatment market...
Offshore Support Vessel Market Size to Grow $36.3 Billion by 2029
The global Offshore Support Vessel Market in terms of revenue was estimated to be worth $25.6 billion in 2024 and is poised to reach $36.3 billion by 2029, growing at a CAGR of 7.2% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global Offshore Support Vessel Market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the...
Well Intervention Market Size to Grow $11.3 billion by 2029
According to a research report “Well Intervention Market by Service (Logging and Bottomhole Survey, Tubing/Packer Failure and Repair, Stimulation), Intervention (Light, Medium, Heavy), Application (Onshore, Offshore) Well (Horizontal, Vertical) Region – Global Forecast to 2029″ published by MarketsandMarkets, the Well Intervention market is expected to grow from an estimated USD...
Produced Water Treatment Market Size to Grow $13.4 billion by 2029 | SLB, Baker Hughes, TechnipFMC
According to a research report “Produced Water Treatment Market by Application (Onshore, Offshore), Source (Conventional, Unconventional), Treatment (Primary treatment, Secondary treatment, Tertiary treatment) and Region – Global Forecast to 2029″ published by MarketsandMarkets, the produced water treatment market is forecast to reach USD 13.4 billion by 2029 from an estimated USD...
Support at Sea: Trends in the Offshore Support Vessel Market
An offshore support vessel (OSV) is specially designed to support offshore exploration, drilling, production, and construction activities in the oil & gas industry. These vessels provide a range of services, such as transportation of personnel, equipment and supplies, maintenance and repair, and oil spill response. The market growth of OSVs is driven by substantial investments in the offshore...
Artificial Lift Market to Show Strong Growth During the Forecast Period
The global Artificial Lift Market growth is projected to be USD 9.0 billion by 2028, growing from USD 7.3 billion in 2023, at a CAGR of 4.4% during the forecast period. The need for the artificial lift method to optimize production and enhance the recovery rate from the mature wells owing to declining reservoir pressure and an increase in the global oil demand is driving the growth of the...
Digital Oilfield Market worth $43.0 Billion by 2029
The global Digital Oilfield Market is expected to reach USD 43.0 billion by 2029 from USD 30.1 billion in 2023 at a CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™. Digital oilfields play a crucial role in improving operational efficiency, reducing costs, and addressing industry challenges by integrating advanced technologies and data-driven...
Offshore Support Vessel (OSV) Market Size Expected to Reach $31.4 Billion by 2028
The global Offshore Support Vessel Market size is projected to reach USD 31.4 billion by 2028 from USD 22.6 billion in 2023 at a CAGR of 6.7% according to a new report by MarketsandMarkets™. An offshore support vessel (OSV) is specially designed to support offshore exploration, drilling, production, and construction activities in the oil & gas industry. These vessels provide a range of services,...
Artificial Lift Market worth $9.0 Billion by 2028
The global Artificial Lift Market is projected to reach USD 9.0 billion in 2028 from USD 7.3 billion in 2023 at a CAGR of 4.4% according to a new report by MarketsandMarkets™. Artificial lift comprises techniques in the oil and gas sector to boost hydrocarbon production from wells with insufficient natural pressure. Employed when reservoir pressure is inadequate, methods like rod lift systems,...