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...
Explosive growth report on Sand Control Solutions Market all Set to Witness Massive Growth during Forecast 2020-2025
The global sand control solutions market size will grow to USD 3.2 billion by 2025 (forecast year) from USD 2.1 billion in 2020 (estimated year), at a CAGR of 8.9% during the forecast period. The continuous shale development activities and efforts to increase reserve to production ratio from the wells are the key factors driving the growth of the sand control solutions market. Likewise, the...
Oil & Gas Pumps Market Huge Growth Opportunity between 2020-2025
The oil & gas pumps market size will grow to USD 9.0 billion by 2025 (forecast year) from USD 6.6 billion in 2020 (estimated year), at a CAGR of 6.4% during the forecast period. Continuous shale development activities and the development of gas terminals are the key factors driving the growth of the oil & gas pumps market. Likewise, the development of pipeline infrastructure in Asia Pacific...
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...
Coiled Tubing Market Statistics, Opportunities, Demand, Forecast to 2025
The global coiled tubing market size is projected to reach USD 4.0 billion by 2025 from an estimated USD 3.0 billion in 2020, at a post COVID-19 CAGR of 5.8% 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...
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...
Digital Oilfield Market: Rising Demand From Oil & Gas Companies to Scale Up Production From Mature Wells
The global Digital Oilfield Market
to grow from USD 24.1 billion in 2019 to USD 30.4 billion by 2024, at a CAGR of
4.7% during 2019-2024. The digital oilfield market is driven by major factors
such as the new technological advancements, increased Return on Investment
(ROI), and the rising need to scale up production from mature wells to optimize
production. Adoption of new techniques such as IoT (Internet...
Valve Remote Control System Market Outlook 2018 – Huge Growth, Trends, Revenue And In-Depth Analysis 2023
The valve remote control system market is expected to grow from an estimated USD 6.4 billion in 2018 to USD 8.0 billion by 2023, at a CAGR of 4.73%. An increased need for industrial valves from oil & gas production is likely to drive the valve remote control system market.
On the basis of type, the pneumatic segment is expected to hold the largest share of the market.
The pneumatic...