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...
Electrical Digital Twin Market to Reach $1.3 Billion by 2026
According to the new market research report
“Electrical
Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind
Farm, Digital Grid, Others), Usage Type (Product, Process, System), Deployment
Type (Cloud, On-Premises), End User, Application, and Geography – Global
Forecast to 2026″, published by MarketsandMarkets™, The Electrical
Digital Twin Market size will grow to
USD...
Automotive Exhaust Systems Market
The global Exhaust System Market is projected to grow from USD 36.9 billion in 2021 to USD 47.9 billion by 2026, at a CAGR of 5.3% during the forecast period. Growing vehicle emission is leading to stringent emission and fuel economy regulations and growing penetration of after-treatment devices in combinations are the major factors driving the growth of the exhaust system market.
Tenneco Inc.(US),...
Bioliquid Heat and Power Generation Market to Hit $2.29 Billion by 2022
The global bioliquid
heat and power generation market is expected to grow from an estimated
value of $1.67 billion in 2017 to $2.29 billion by 2022, at a CAGR of 6.54%,
from 2017 to 2022. The bioliquid heat and generation market is driven by
factors such as the easy availability of feedstocks and reduction in carbon
emissions.
The availability of technology to convert feedstocks to
liquid biofuels...
Distribution Boards Market to exceed $5.91 Billion by 2021
The global distribution
boards market is expected to grow from an estimated $4.33 billion in 2016
to $5.91 billion by 2021, growing at a CAGR of 6.4% from 2016 to 2021. The
market growth is driven by factors such as the growing need to protect
electrical components and networks, increasing global electricity demand,
increasing power generation, and increasing upgradation of transmission &
distribution...
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...
Small Gas Engines Market to Hit Big Revenues in Near Future
The global small
gas engines market is expected to grow from an estimated $2.38 billion in
2016 to $2.91 billion by 2021, growing at a CAGR of 4.15% from 2016 to 2021.
North America and Europe are likely to be the largest markets for small gas
engines. The growth is likely to be driven by a growth in the construction
industry and a rise in demand for rented outdoor power equipment. The demand
for...
Air Insulated Switchgear Market to exceed $8.41 Billion by 2022
The global air
insulated switchgear market is projected to grow at a CAGR of 4.68% from
2017 to 2022. In 2016, Asia-Pacific is estimated to be the largest market for
air insulated switchgear, followed by the Europe, and North America. This trend
is expected to continue till 2022. The growth of the air insulated switchgear
market is driven by increasing expenditure by the utilities in the transmission
&...
Perforating Gun Market to Surpass $898.7 Million by 2022
The global perforating
gun market is projected to reach $898.7 million by 2022, at a CAGR of
3.71%, from 2017 to 2022. The North American market is estimated to be the
largest for perforating guns, followed by Asia Pacific in 2017.
The increase in oil & gas production, increased shale
exploration, growing complexity of reservoir conditions, and increase in
average well depth over the years...
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...