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...
Well Casing & Cementing Market Size to Reach $11.7 Billion by 2024
The global Well
Casing & Cementing Market is projected to reach USD 11.7 billion by
2024 from an estimated USD 9.2 billion in 2019, at a CAGR of 5.0% during the
forecast period. Increasing drilling activities along with shale developments
in North America, Asia Pacific, and some parts of South & Central America
are the driving factors for the well casing & cementing market, globally.
The...
Intelligent Completion Market Likely to Boost Future Growth 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...
Digital Oilfield Market Size to Hit $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...
Digital Oilfield Market Insights with statistics and Growth Prediction to 2025
The global Digital
Oilfield Market size is projected to reach USD 28.5 billion by 2025 from an
estimated value of USD 20.2 billion in 2020, at a CAGR of 7.1% from 2020 to
2025. New technological advancements in the digital oilfield, increased return
on investment in the digital oilfield, and increased need from oil & gas
operators to scale up production from mature wells are the key factors driving
the...
Artificial Lift Market to Witness Remarkable Growth 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. 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. Furthermore, the global artificial
market...
Hydraulic Workover Unit Market expected to reach $11.0 Billion by 2025
According to the new market research report “Hydraulic
Workover Unit Market by Service (Workover & Snubbing),
Installation (Skid Mounted & Trailer Mounted), Capacity (0–50 Tonnes,
51–150 Tonnes, and Above 150 Tonnes), Application (Onshore, Offshore), and
Region – Global Forecast to 2025″, published by MarketsandMarkets™, the
Hydraulic Workover Unit Market size will...
Oilfield Integrity Management Market expected to be $18.8 Billion by 2025
The Oilfield
Integrity Management Market size is expected to grow from an estimated USD
12.8 billion in 2020 to USD 18.8 billion by 2025, at a CAGR of 8.1%, during the
forecast period. Increasing focus on remote monitoring of oilfields for process
optimization and automation and stringent government regulations regarding
environmental safety are the key factors driving the oilfield integrity
management...
Digital Oilfield Market to Grow $28.5 Billion by 2025
According to the new market research report “Digital
Oilfield Market by Solutions (Hardware, Software & Service, and
Data Storage Solutions), Processes (Reservoir, Production, and Drilling
Optimizations), Application (Onshore and Offshore), and Region – Global
Forecast to 2025″,published by MarketsandMarkets™, the Digital
Oilfield Market size is expected to grow from an estimated...
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...