Offshore Wind Market to Witness Massive Growth by 2026
The global Offshore
Wind Market is expected to grow from an estimated USD 31.8 billion in 2021
to USD 56.8 billion by 2026, at a CAGR of 12.3% during the forecast period. Offshore
wind is a crucial pillar in energy mix together with onshore wind for regions
such as Europe, Asia Pacific, and North America to achieve their goals
pertaining to climate neutrality. Offshore wind turbines are increasingly...
Power Grid System Market in Subsea to Hit $14.8 billion in 2027
According to the new market research report “Power Grid System Market in Subsea by Component (Cables, Variable Speed Drives, Transformers, Switchgears), Application (Captive Generation, Wind Power), Depth (Shallow Water and Deepwater) and Region – Global Forecast to 2027″, published by MarketsandMarkets™, the Power Grid System Market in Subsea is expected to grow from an estimated...
Well Intervention Market Rising Trends, Growing Demand and Business Opportunities by 2026
New Revenue Pockets:
The global well intervention market is projected to reach USD 9.3 billion by 2026 from an estimated USD 7.6 billion in 2021, at a CAGR of 4.2 % during the forecast period. The global well intervention market is driven by the upsurge in the new oil and gas discoveries and increase in production of oil & gas by countries owing to rising demand from the Asia Pacific.
The...
Digital Oilfield Market to Grow $32.0 Billion by 2026
According to the new market research report “Digital Oilfield Market by Solution (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, Drilling Optimizations, Safety Management), Application (Onshore and Offshore), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global digital oilfield market size is expected...
Perforating Gun Market Size to Reach $1.4 Billion by 2027
According to the new market research report
“Perforating
Gun Market by Gun Type (Through Tubing Hollow Carrier & Exposed,
Wireline Conveyed Casing, TCP), Well Type (Horizontal, Vertical), Application
(Onshore, Offshore), Pressure, Depth, Type, Orientation, Explosives, Region –
Global Forecast to 2027″, published by MarketsandMarkets™, the global Perforating
Gun Market is projected...
Growing Demand for Well Intervention Operations is Driving the Coiled Tubing Market
New Revenue Pockets:
The global coiled tubing market size is projected to reach USD 4.0 billion by 2025 from an estimated USD 3.0 billion in 2020, at a post COVID-19 CAGR of 5.8% during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells....
Intelligent Completion Market to Reach $2.16 Billion by 2023
The global Intelligent
Completion Market is expected to grow from an estimated USD 1.61 billion in
2018 to USD 2.16 billion by 2023, at a CAGR of 6.05%, from 2018 to 2023. The
market in Europe is estimated to be the largest for intelligent completion
followed by the North American market in 2017. This trend is expected to
continue till 2023. The growth of the intelligent completion market is driven
by...
Robotic Drilling Market to Hit $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% from 2018 to 2023. 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 efficiency drilling
and...
Perforating Gun Market to Surpass $898.7 Million by 2022
The global perforating
gun market is projected to reach $898.7 million by 2022, at a CAGR of
3.71%, from 2017 to 2022. The North American market is estimated to be the
largest for perforating guns, followed by Asia Pacific in 2017.
The increase in oil & gas production, increased shale
exploration, growing complexity of reservoir conditions, and increase in
average well depth over the years...
Pump Jack Market to exceed $3.63 Billion by 2022
The global pump
jack market is expected to grow from an estimated $2.86 billion in 2017 to
$3.63 billion by 2022, at a CAGR of 4.88% from 2017 to 2022. The market in
North America is estimated to be the largest market for pump jack, followed by
the market in Asia-Pacific. The North American market is also projected to be
the fastest growing market during the forecast period.
Increasing onshore...