Offshore Support Vessel Market worth $31.4 Billion by 2028
The global Offshore Support Vessel Market 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,...
Pressure Control Equipment Market worth $8.9 Billion by 2027
The global Pressure Control Equipment Market is projected to reach USD 8.9 billion in 2027 from USD 6.8 billion in 2022 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. Pressure control equipment helps in maintaining the required pressure levels inside a wellbore while performing well intervention operation in easy and arduous conditions. Stringent standards are followed in the...
Pressure Control Equipment Market worth $8.9 Billion by 2027
The global Pressure Control Equipment Market is projected to reach USD 8.9 billion in 2027 from USD 6.8 billion in 2022 at a CAGR of 5.4% according to a new report by MarketsandMarkets™.Pressure control equipment helps in maintaining the required pressure levels inside a wellbore while performing well intervention operation in easy and arduous conditions. Stringent standards are followed in the...
Power Grid System Market in Subsea Size, Share and Forecast to 2027
The increased deepwater oil and gas exploration activities due to depleting onshore fossil fuel reserves and favorable government policies for offshore renewable power production, especially using wind energy is expected to drive the demand for global power grid system market in subsea. According to the BP Statistical Review of 2021, the top countries with the most untapped oil reserves include the...
Offshore Pipeline Market worth $18.6 Billion by 2027
The global Offshore Pipeline Market is expected to grow from USD 14.8 billion in
2022 to USD 18.6 billion by 2027, at a CAGR of 4.7% according to a new report
by MarketsandMarkets™. The Offshore
Pipeline Market has promising growth potential due to the rising deployment of
oil and gas distribution networks and the rising use of natural gas.
Transport
line segment expected to dominate Offshore...
Hydraulic Fracturing Market to Penetrate Untapped Regions During 2021 – 2026
According to the new market research report “Hydraulic Fracturing Market by Well Type (Horizontal Well, and Vertical Well), Technology (Plug and Perf, and Sliding Sleeve), Application (Shale gas, Tight Oil, and Tight gas), and Region – Global Trends and Forecast to 2026″ The hydraulic fracturing market is projected to reach USD 50.2 billion by 2026. The hydraulic fracturing...
Offshore Support Vessel Market worth $26.8 Billion by 2026
The global Offshore Support Vessel Market is expected to grow from an estimated USD 22.0 billion in 2021 to USD 26.8 billion by 2026, at a CAGR of 4.0%, during the forecast period. The market growth is driven by robust investments in the offshore oil & gas and renewable sectors. Increasing deepwater activities and decommissioning of aging offshore infrastructure is likely to offer lucrative...
Well Intervention Market: Overview of Key Strategies Developed by Top Players
According to a research report, Well Intervention Market size will grow to USD 9.3 billion by 2026 from USD 7.6 billion in 2021, at a CAGR of 4.2% during the forecast period. Continuous rise in number of mature oil & gas fields in North America, Europe, and the Middle East, along with growing primary energy demand from the Asia Pacific are the driving factors for the well intervention market,...
AI in Oil & Gas Market to exceed 2.85 Billion by 2022
The global AI in Oil & Gas Market is expected to grow from an estimated USD 1.57 Billion in 2017 to USD 2.85 Billion by 2022, at a CAGR of 12.66%, from 2017 to 2022. This growth can be attributed to the factors such as rising adoption of the big data technology, digitalization of the Oil & Gas industry, investments in AI-related start-ups, and rising pressure to reduce production...
Robotic Drilling Market Expected to Grow $923.2 Million by 2023
The global robotic drilling market is expected to grow from an estimated $658 million in 2018 to $923.3 million by 2023, at a CAGR of 7.01% during the forecast period. This market growth is driven by the increased drilling activities due to the development of unconventional hydrocarbon resources and the adoption of automation and robotics in oil and gas drilling, which results in higher...