Pressure Vessels Market Outlook: Market Dynamics and Growth Opportunities
The global Pressure Vessels Marketis projected to reach USD 62.7 billion in 2028 from USD 50.3 billion in 2023 at a CAGR of 4.5% according to a new report by MarketsandMarkets™. Pressure vessel is a closed container which are designed to hold fluids or gases at a pressure that is significantly different from the ambient pressure. It is constructed to withstand the internal pressure exerted...
Air Starter Market Size to Grow $559 Million by 2029
The global Air Starter Market in terms of revenue was estimated to be worth $449 million in 2024 and is poised to reach $559 million by 2029, growing at a CAGR of 4.5% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The demand for air starters is on the rise globally, driven by a multitude of factors. Ongoing advancements in air starter technology, such as the use of enhanced...
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...
Climate Adaptation Market to Reach $40.4 Billion by 2030, Growing at 9.7% CAGR
The global Climate Adaptation Market in terms of revenue was estimated to be worth $23.2 billion in 2024 and is poised to reach $40.4 billion by 2030, growing at a CAGR of 9.7% from 2024 to 2030 according to a new report by MarketsandMarkets™.
The climate adaptation market is experiencing robust growth due to several new drivers. Firstly, advancements in climate modeling and data analytics...
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...
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...
Oil and Gas Pumps Market Size to Grow $10.9 billion by 2028
According to a research report “Oil and Gas Pumps Market by Type (Submersible, Non-submersible), Pump Type (Centrifugal, Positive Displacement (Screw, Reciprocating, Progressive Cavity), Cryogenic), Application (Upstream, Midstream, Downstream) and Region – Global Forecast to 2028″ published by MarketsandMarkets, the global oil and gas pumps market is projected to reach USD 10.9...
Biorefinery Market worth $210.3 Billion by 2027
The global biorefinery market is expected to witness significant growth during the forecast period due to increased government initiatives and increased need for environmental sustainability as well as technological advancements and increased investments in the biorefinery market.
The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3...