Artificial Lift Market to Show Strong Growth During the Forecast Period

Artificial Lift Market
The global Artificial Lift Market growth is projected to be USD 9.0 billion by 2028, growing from USD 7.3 billion in 2023, at a CAGR of 4.4% during the forecast period. The need for the artificial lift method to optimize production and enhance the recovery rate from the mature wells owing to declining reservoir pressure and an increase in the global oil demand is driving the growth of the...

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...

Hydraulic Fracturing Market: Trends, Opportunities and Competitive Analysis

New Revenue Pockets: 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. Increasing shale exploration and production activities globally will positively impact the hydraulic fracturing market. Hydraulic fracturing, also known as fracking, is a well-stimulation technique...

Artificial Lift Market worth $9.0 Billion by 2028

Artificial Lift Market
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,...

Why the Hydraulic Fracturing Market Is Booming and How to Get in on the Action

New Revenue Pockets: The global hydraulic fracturing market is projected to reach USD 50.2 billion by 2026 from an estimated USD 34.8 billion in 2021, at a CAGR of 7.6% during the forecast period. The global hydraulic fracturing market is driven by the maturing conventional oil and gas reserves, the need for substitute resources, which could efficiently meet the rising energy demand, is growing....

Artificial Lift Market worth $8.7 Billion by 2027

Artificial Lift Market
The global Artificial Lift Market is projected to grow from USD 6.9 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 4.8% according to a new report by MarketsandMarkets™. The market has promising growth potential due to the rising global oil demand and the increasing demand to maximize production from maturing oil & gas fields and new discoveries, especially in the North American region. The...

Hydraulic Workover Unit Market Expected to Grow $11.0 Billion by 2025

Hydraulic Workover Unit Market
The global Hydraulic Workover Unit Market size will grow to USD 11.0 billion by 2025 from USD 8.1 billion in 2020, at a CAGR of 6.3% during the forecast period. The rising number of mature fields in Europe and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the Hydraulic Workover Unit Market globally. The hydraulic workover unit activities...

Artificial Lift Market to Witness Huge Growth by 2025

Artificial Lift Market
The global Artificial Lift Market is expected to grow from an estimated USD 8.0 billion in 2020 to USD 10.3 billion by 2025, at a CAGR of 5.0% during the forecast period. Increasing efforts by upstream companies to enhance the production from the mature fields is driving the artificial lift market. Continuous shale development and the growing investments in the upstream oil and gas sector are...

Well Casing & Cementing Market Size to Reach $11.7 Billion by 2024

Well Casing & Cementing Market
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...

Hydraulic Fracturing Market Size to Reach $50.2 billion by 2026 – Emerging Trends and Opportunities Analysis

Hydraulic Fracturing Market
According to the new market 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 2026″ The hydraulic fracturing market is projected to reach USD 50.2 billion by 2026. The hydraulic fracturing...