Artificial Lift Market to Hit $10.3 Billion by 2025
The global Artificial Lift Market is
projected to reach USD 10.3 billion by 2025 from an estimated USD 8.0 billion
in 2020, at a CAGR of 5.0% during the forecast period. Continuous shale
development and the growing investments in the upstream
oil and gas sector is driving the demand for Artificial Lift Market. Moreover,
the rising number of mature fields in Europe and the Middle East, along with
new...
Digital Oilfield Market: Rising Demand From Oil & Gas Companies to Scale Up Production From Mature Wells
The global Digital Oilfield Market
to grow from USD 24.1 billion in 2019 to USD 30.4 billion by 2024, at a CAGR of
4.7% during 2019-2024. The digital oilfield market is driven by major factors
such as the new technological advancements, increased Return on Investment
(ROI), and the rising need to scale up production from mature wells to optimize
production. Adoption of new techniques such as IoT (Internet...
Valve Remote Control System Market Outlook 2018 – Huge Growth, Trends, Revenue And In-Depth Analysis 2023
The valve remote control system market is expected to grow from an estimated USD 6.4 billion in 2018 to USD 8.0 billion by 2023, at a CAGR of 4.73%. An increased need for industrial valves from oil & gas production is likely to drive the valve remote control system market.
On the basis of type, the pneumatic segment is expected to hold the largest share of the market.
The pneumatic...
Well Intervention Market Outlook 2019 – Huge Growth, Trends, Revenue And In-Depth Analysis 2024
The Well Intervention Market is projected to reach USD 11.6 billion by 2024 from an estimated USD 8.8 billion in 2019, at a CAGR of 5.7% during the forecast period. The rising number of mature fields in Europe and the Middle East, along with rising primary energy demand from the Asia Pacific are the driving factors for the well intervention market, globally. The well intervention activities...
Offshore Wind Market to grow with a high CAGR of 15.32% by 2022
The offshore wind market is expected to grow from an estimated USD 27,019.1 million in 2017 to USD 55,109.6 million by 2022, at a CAGR of 15.32% from 2017 to 2022.
The offshore wind market has been rapidly growing, especially in Europe as it contributed the European Union (EU) to meet its renewable energy targets for 2020. The market in Europe was estimated to be the largest market for offshore...
Oilfield Services Market is Set for a Rapid Growth and is Expected to Reach $125.51 Billion by 2022
The oilfield services market is expected to grow at a CAGR of 3.35%, from 2017 to 2022, to reach a market size of USD 125.51 billion by 2022. Increasing shale gas production, growing global E&P spending, and lifting of Iranian oil export sanctions are the major drivers of the oilfield services market.
The oilfield services market is dominated by a few major players that have a wide regional presence...
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...