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...
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...
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...
Pump Jack Market to exceed $3.63 Billion by 2022
The global pump
jack market is expected to grow from an estimated $2.86 billion in 2017 to
$3.63 billion by 2022, at a CAGR of 4.88% from 2017 to 2022. The market in
North America is estimated to be the largest market for pump jack, followed by
the market in Asia-Pacific. The North American market is also projected to be
the fastest growing market during the forecast period.
Increasing onshore...
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...