Oil & Gas Sensors Market Analysis: Market will Reach $9.4 Billion by 2023

The Oil & Gas Sensors market is expected to grow from USD 7.4 billion in 2018 to USD 9.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period. The major factors driving the oil & gas sensors market include growing IoT in the oil & gas industry. IoT...

Offshore Support Vessel Market: Robust Investments in Offshore Oil & Gas and Renewable Sectors

The global offshore support vessel market is estimated to grow from USD 20.1 billion in 2018 to USD 25.7 billion by 2023, at a CAGR of 5.04% from 2018 to 2023. The market in Asia Pacific is estimated to be the largest market for offshore support vessels, followed by Europe and North America. This trend...

Well Casing & Cementing Market: Revitalizing Oil Prices Expediting Upstream Investments

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...

Oil & Gas Pumps Market is Projected to Reach $9.0 Billion by 2025 | Flowserve, Sulzer, Weir Group, KSB, Xylem

According to the new market research report "Oil & Gas Pumps Market by Type (Submersible, Non-submersible) Pump Type (Centrifugal, Positive Displacement (Screw, Reciprocating, Rotary and Gear, Progressive Cavity), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2025", published by MarketsandMarkets™, the Oil & Gas Pumps Market size will grow to  USD 9.0 billion...

Pressure Vessel Market: High Demand for Pressure Vessels from New Refinery & Chemical Plant Construction

The global Pressure Vessel Marketsize is projected to reach USD 53.3 billion by 2025 from an estimated USD 42.7 billion in 2020, at a CAGR of 4.5% during the forecast period. Increasing construction of refinery & chemical plants and the adoption of supercritical and ultra-supercritical power generation technology is driving the growth of the market....

Light Tower Market worth $2.72 Billion by 2022

The light tower market is expected to grow from an estimated USD 2.02 Billion in 2017 to USD 2.72 Billion by 2022, at a CAGR of 6.1% from 2017 to 2022. This growth is mainly attributed to a rapid growth of the construction industry, especially in developing nations of the Asia-Pacific region, growing investment in...

Turbocompressor Market Revenue to hit $15.81 Billion by 2021

The turbocompressor market is projected to grow from an estimated USD 12.15 Billion in 2016 to USD 15.81 Billion by 2021, at a CAGR of 5.4%. Increasing LNG trade between nations, the growing demand for energy, and investments in sectors other than oil & gas are expected to drive the market for turbocompressor. Oil &...

Subsea Systems Market: Europe & Africa is Expected to Exhibit the Highest Growth Rate During the Forecast Period

The subsea systems market is expected to grow from an estimated USD 15.78 Billion in 2016 to USD 17.44 Billion by 2021, at a CAGR of 2.02% during the forecast period. Despite steep revenue declines 2015 onwards, the global market is set to witness growth after 2018 due to the increasing production from deepwater fields....

Pipeline Integrity Market Worth $2.1 Billion by 2024 – Latest Report by MarketsandMarkets

According to the new market research report "Pipeline Integrity Market by Service (Testing, Inspection [Ultrasonic, Magnetic Flux, Caliper], Monitoring, Software), Application (Onshore, Offshore), Product (Oil, Gas, Refined Product), and Region: Global Forecast to 2024", published by MarketsandMarkets™, the global Pipeline Integrity Market is projected to reach USD 2.1 billion by 2024 from an estimated USD...

High Pressure Pumps Market Technology Advancement and Industry Growth by 2021

The global high pressure pumps market is projected to reach a market size of USD 2.76 Billion by 2021, at a CAGR of 3.2% from 2016 to 2021. Increasing manufacturing and infrastructural activities in Southeast Asia, investments in sectors other than oil & gas in the Middle East & North Africa (MENA), and the growing...