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...
Blockchain in Energy Market to Grow at a CAGR of 78.32% from 2018 to 2023
The global blockchain
in energy market is expected to reach USD 7,110.1 Million by 2023 from an
estimated USD 394.3 Million in 2018, at a CAGR of 78.32% from 2018 to 2023. The
blockchain in energy market growth can be attributed to the Increasing popularity
of the blockchain technology in the energy sector, the need to manage
infrastructure and other business functions through high transaction speeds...
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...
High-Speed Engine Market to Hit $27.1 Billion by 2026
According to the new market research report
“High-Speed Engine Market by Speed (1000-1500 rpm, 1500-1800 rpm,
and Above 1800 rpm), Power Output (0.5-1 MW, 1-2 MW, 2-4 MW, and Above 4 MW),
End User (Power Generation, Marine, Railway, Mining and Oil & Gas, and
Others), & Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global High-Speed
Engine Market...
Vacuum Interrupter Market to be worth $3.1 Billion by 2025
According to the new market research report “Vacuum Interrupter Market By Application (Circuit Breaker,
Contactor, Recloser, Load Break Switch, & Tap Changer), End User (Oil &
Gas, Mining, Utilities & Transportation), Rated Voltage And Region – Global
Forecast To 2025″, published
by MarketsandMarkets™, the Vacuum Interrupter Market is projected to reach USD
3.1 billion...
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...
Offshore Pipeline Market to See Strong Expansion through 2018-2023
The global offshore
pipeline market is expected to grow from USD 11.5 million in 2018 to USD
15.8 billion by 2023, at a CAGR of 6.54% during the forecast period. The major
factors driving the offshore pipeline market include increasing demand for
crude oil and natural gas, especially from the Asia Pacific region. Increasing
demand for safe, economical, and reliable connectivity is expected to drive...
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...