Reservoir Analysis Market: Increased Reliability in Reservoir Analysis Due to Technological Advancements
The reservoir analysis market is expected to grow from an estimated USD 7.32 Billion in 2017 to USD 8.95 Billion by 2022, at a CAGR of 4.11% from 2017 to 2022. The market in North America is estimated to be the largest market for reservoir analysis, followed closely by Asia-Pacific. The North American market is also projected to be the fastest growing market during the forecast period. Low international...
Offshore Support Vessel Market Booming with Increasing Focus on Oil & Gas Production at Offshore Fields
The offshore support vessel market is expected to grow from an estimated USD 20.06 Billion in 2018 to USD 25.66 Billion by 2023, at a CAGR of 5.04%, during the forecast period. The market is set to witness growth due to the ongoing offshore activities across the US, China, Brazil, and the North Sea, as well as the increasing focus on deepwater fields. Offshore exploration and production investments...
Arctic Discoveries Will Create an Opportunity for Global Offshore ROV Industry to Grow
The global offshore ROV market is estimated to be USD 802.9 million in 2018 and is projected to reach USD 943.1 million by 2023, growing at a CAGR of 3.27% from 2018 to 2023. Offshore oil and gas discoveries in prominent countries and rise in demand for oil and gas are driving the offshore ROV market globally.
The Middle East & Africa is expected to dominate the offshore ROV market during the forecast...