Autonomous Truck Market is Expecting Revolutionary Growth in Coming Years
The Global Autonomous Truck Market size is projected to reach USD 1,550 million by 2030, from USD 460 million in 2024, at a CAGR of 22.4%. The forecast period is from 2024 to 2030. The autonomous truck technology is the evolution in the trucking and transportation industry, as it can save a considerable amount of money and solve problems like driver shortage and increasing road accidents. Also, after...
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...
Power Distribution Unit Market Expected to Reach $5.2 Billion by 2024
The
Power Distribution Unit Market is projected to reach USD 5.2 billion by 2024 from an
estimated USD 3.7 billion in 2019, at a CAGR of 7.1% during the forecast
period. The rising concerns overpower stability for uninterrupted business
operations; rising power distribution unit installations for reducing energy
losses, and the increasing number of data centers are driving the power
distribution unit...
Shore Power Market Worth $1.4 Billion by 2025
The global Shore
Power Market is projected to reach USD 1.4 billion by 2025 from USD 1.1
billion in 2020, at a CAGR of 6.7%. The factors driving the growth of the Shore
Power Market are the growing focus on reducing air and noise pollution from
porting activities and increasing sea trade and cruise tourism.
Shoreside installation is expected to be largest
market during forecast period
The market...
Gas-insulated Switchgear Market Size to Reach $26.5 Billion by 2025
The global Gas-Insulated
Switchgear Market is projected to grow from USD 16.9 billion in 2020 to USD
26.5 billion by 2025, at a CAGR of 9.5%. The factors driving market growth are
the growing investments in renewable energy and government initiatives to reduce
carbon emissions along with the expansion of electrical grids due to the
growing industrialization and urbanization.
A global increase in...
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...
Pipeline & Process Services Market Expected to Grow $4.0 Billion by 2024
The global pipeline
& process services market is projected to reach USD 4.0 billion by 2024
from an estimated USD 3.3 billion in 2019, at a CAGR of 4.3% during the
forecast period. Increase in demand for safe, economical, and reliable
connectivity; and high investments lined up for pipeline business are driving
the pipeline & process services market. However, problems faced by
cross-border...
Air Circuit Breaker Market Projected to Reach $3.9 Billion by 2024
The global Air
Circuit Breaker Market size is projected to reach USD 3.9 billion by 2024
from an estimated USD 3.0 billion in 2019, at a CAGR of 5.2% during the
forecast period. Asia Pacific is estimated to be the largest market for air
circuit breakers, followed closely by North America. The Middle East &
Africa market is also projected to be the fastest-growing market during the
forecast period....