Artificial Lift Market to Witness Huge Growth by 2025
The global Artificial
Lift Market is expected to grow from an estimated USD 8.0 billion in 2020
to USD 10.3 billion by 2025, at a CAGR of 5.0% during the forecast period.
Increasing efforts by upstream companies to enhance the production from the
mature fields is driving the artificial lift market.
Continuous shale development and the
growing investments in the upstream oil and gas sector are...
Offshore Support Vessel Market Booming Worldwide with Strong Growth 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...
Digital Oilfield Market Surge Towards Solid Growth in Near Future
The global digital
oilfield market size is expected to grow from an estimated USD 24.3 billion
in 2021 to USD 32.0 billion by 2026, at a CAGR of 5.6%, during the forecast
period. The key drivers for the digital oilfield market include new technological
advancements in oil & gas industry; increased return on investment in oil
& gas industry; and growing need for maximizing production potential...
Pressure Vessel Market Size to Reach $59.5 Billion by 2027
According to the new market research report
“Pressure
Vessel Market by Type (Boiler, Reactor, Separator), Material, Heat
Source (Fired Pressure Vessel and Unfired Pressure Vessel), Application
(Storage Vessels and Processing Vessels), End-User and Region – Global Forecast
to 2027″, published by MarketsandMarkets™, The global pressure vessel
market is expected to grow from USD 47.1...
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...
Well Testing Services Market to Reach $8.8 Billion by 2026
According to the new market research report
“Well
Testing Services Market by Services (Downhole Well Testing, Surface
Well Testing, Reservoir Sampling, Real Time Well Testing, Hydraulic Fracturing
Method Testing) by Application (Onshore, Offshore), by Well Type (Horizontal
Wells, Vertical Wells), by Stages (Exploration, Appraisal, Development,
Production) by Region – Global Forecast to...
Gas Turbine Market to Hit $22.5 Billion by 2026
According to the new market research report “Gas Turbine Market by Technology (Open Cycle and Combined Cycle), Design Type (Heavy Duty and Aeroderivative), End User (Power Generation, Oil & Gas), Rated Capacity (1–40 MW, 40–120 MW, 120–300 MW, Above 300 MW) and Region – Global Forecast to 2026″, published by MarketsandMarkets™, The global Gas Turbine Market is projected...
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...