Boost Oil & Gas Production: Trends in the Artificial Lift Market

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 …

Digital Oilfield Market worth $43.0 Billion by 2029

Digital Oilfield Market

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, …

Oilfield Technology: A Revolution in the Oil and Gas Industry

Oilfield Technology

New technological advancements in the oil & gas industry; increased return on investment in the oil & gas industry; and the growing need for maximizing production potential from mature wells in key geographical regions such as Asia Pacific, Europe, and North America are likely to …

Artificial Lift Market to Witness Healthy Growth During 2023-2028

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 …

Pressure Control Equipment Market to Witness Strong Growth by 2027

Pressure Control Equipment Market

The global Pressure Control Equipment Market is projected to reach USD 8.9 billion in 2027 from USD 6.8 billion in 2022 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. Pressure control equipment helps in maintaining the required pressure levels inside a …

Pressure Control Equipment Market Surge Towards Solid Growth by 2027

Pressure Control Equipment Market

The global Pressure Control Equipment Market is projected to reach USD 8.9 billion in 2027 from USD 6.8 billion in 2022 at a CAGR of 5.4% according to a new report by MarketsandMarkets™. Pressure control equipment helps in maintaining the required pressure levels inside a …

Well Intervention Market: High Growth Forecast due to Rising Demand and Future Trends

The well intervention market is expected to grow from an estimated USD 7.6 billion in 2021 to USD 9.3 billion by 2026, at a CAGR of 4.2% during the forecast period. The growing need for maximizing production potential of mature oil and gas fields is …

Intelligent Completion Market to Show Strong Growth in Near Future

Intelligent Completion Market

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 …

Thermoplastic Pipe Market Pegged for Robust Expansion by 2026

The thermoplastic pipe market is expected to grow from an estimated USD 2.7 billion in 2021 to USD 3.3 billion by 2026, at a CAGR of 4.5% during the forecast period. The increasing application of thermoplastic composite pipes and reinforced thermoplastic pipes in offshore and …

Artificial Lift Market to Witness Healthy Growth 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 …

Hydraulic Workover Unit Market Gain Impetus due to the Growing Demand over 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 …

Pipeline Integrity Market to Witness Revolutionary Growth by 2024

Pipeline Integrity Market

The global Pipeline Integrity Market is projected to reach $2.1 billion by 2024 from an estimated $1.7 billion in 2019, at a CAGR of 4.33% during the forecast period. This growth can be attributed to huge investment pool in the pipeline business, increased government mandate and regulations …

Pump Jack Market to Show Strong Growth in Near Future

Pump Jack Market

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 …

Digital Oilfield Market will Escalate Rapidly in Near Future

Digital Oilfield Market

The global Digital Oilfield Market size is expected to grow from an estimated USD 24.3 billion in 2021 to USD 32.0 billion by 2026, at a CAGR of 5.6%, during the forecast period. The key drivers for the digital oilfield market include new technological advancements …