Offshore Pipeline Market to See Strong Expansion through 2018-2023
The global offshore
pipeline market is expected to grow from USD 11.5 million in 2018 to USD
15.8 billion by 2023, at a CAGR of 6.54% during the forecast period. The major
factors driving the offshore pipeline market include increasing demand for
crude oil and natural gas, especially from the Asia Pacific region. Increasing
demand for safe, economical, and reliable connectivity is expected to drive...
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...
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...
The Oil & Gas Pumps Market 2018 – Massive Industry Improvement Till 2023
The report “Oil & Gas Pumps Market by Type (Centrifugal, Positive Displacement (Screw Pumps, Reciprocating Pumps, Rotary & Gear Pumps, Progressive Cavity Pumps), Cryogenic), Application (Upstream, Midstream, Downstream), Region – Global Forecast to 2023″,
The global pumps market in the oil & gas industry is projected to reach USD 10.36 billion by 2023 from an estimated...
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...