Digital Oilfield Market worth $43.0 Billion by 2029
The global Digital Oilfield Market is expected to reach USD 43.0 billion by 2029 from USD 30.1 billion in 2023 at a CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™. Digital oilfields play a crucial role in improving operational efficiency, reducing costs, and addressing industry challenges by integrating advanced technologies and data-driven...
Oil and Gas Pumps Market Size to Grow $10.9 billion by 2028
According to a research report “Oil and Gas Pumps Market by Type (Submersible, Non-submersible), Pump Type (Centrifugal, Positive Displacement (Screw, Reciprocating, Progressive Cavity), Cryogenic), Application (Upstream, Midstream, Downstream) and Region – Global Forecast to 2028″ published by MarketsandMarkets, the global oil and gas pumps market is projected to reach USD 10.9...
Biorefinery Market worth $210.3 Billion by 2027
The global biorefinery market is expected to witness significant growth during the forecast period due to increased government initiatives and increased need for environmental sustainability as well as technological advancements and increased investments in the biorefinery market.
The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3...
Hydraulic Fracturing Market Likely to Boost Future Growth by 2028
Global Hydraulic Fracturing Market Overview
The global hydraulic fracturing market is projected to reach USD 74.4 billion by 2028 from an estimated USD 52.1 billion in 2023, at a CAGR of 7.4% during the forecast period. Factors such as the growing demand for hydraulic fracturing technology with increasing requirements for energy are driving the growth of the hydraulic fracturing market.
Key...
Pressure Vessels Market Size Expected to Grow at at a Robust Pace through 2028
Pressure Vessels Market Size
The global Pressure Vessels Market size is expected to grow from USD 50.3 billion in 2023 to USD 62.7 billion by 2028, at a CAGR of 4.5% according to a new report by MarketsandMarkets™. Pressure vessel is a closed container which are designed to hold fluids or gases at a pressure that is significantly different from the ambient pressure....
Offshore Support Vessel (OSV) Market Size Expected to Reach $31.4 Billion by 2028
The global Offshore Support Vessel Market size is projected to reach USD 31.4 billion by 2028 from USD 22.6 billion in 2023 at a CAGR of 6.7% according to a new report by MarketsandMarkets™. An offshore support vessel (OSV) is specially designed to support offshore exploration, drilling, production, and construction activities in the oil & gas industry. These vessels provide a range of services,...
Gas Turbine Market worth USD 22.5 Billion by 2026
The global Gas Turbine Market is expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. However, they are also used for mechanical drive purposes and in jet engines.
Power generation segment is expected to lead the gas turbine market
The...
Biorefinery Market Size to Reach $210.3 Billion by 2027
The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% according to a new report by MarketsandMarkets™. Increasing demand for biofuels to achieve net zero emissions are the primary driver for the global biorefinery market across the globe. Governments of various countries across the...
Artificial Lift Market worth $9.0 Billion by 2028
The global Artificial Lift Market is projected to reach USD 9.0 billion in 2028 from USD 7.3 billion in 2023 at a CAGR of 4.4% according to a new report by MarketsandMarkets™. Artificial lift comprises techniques in the oil and gas sector to boost hydrocarbon production from wells with insufficient natural pressure. Employed when reservoir pressure is inadequate, methods like rod lift systems,...
Hydraulic Fracturing Market Size to Reach $74.4 billion by 2028
According to a research report “Hydraulic Fracturing Market by Well Type (Horizontal Well, and Vertical Well), Technology (Plug and Perf, and Sliding Sleeve), Application (Shale gas, Tight Oil, and Tight gas) and Region – Global Trends and Forecast to 2028″ published by MarketsandMarkets, the global hydraulic fracturing market is projected to reach USD 74.4 billion by 2028 from an...