The Leak detection market for oil & gas is valued at USD 2.1 billion in 2020 and is projected to reach USD 3.0 billion by 2025; it is expected to grow at a CAGR of 7.8% from 2020 to 2025. Several projects pertaining to the oil and gas pipelines have been undertaken globally, and a significant number of projects are being planned owing to the...
The sand control solutions market is projected to reach USD 3.2 billion by 2025 from an estimated USD 2.1 billion in 2020, at a CAGR of 8.9% during the forecast period. The continuous development from unconventional reservoirs and efforts to increase reserve to production ratio from the wells are the key factors driving the growth of the sand...
The oil & gas pumps market is projected to reach USD 9.0 billion by 2025 from an estimated USD 6.6 billion in 2020, at a CAGR of 6.4% during the forecast period. Continuous shale development activities and the development of gas terminals are the key factors driving the growth of the oil & gas pumps market. Likewise, the development of pipeline...
The global pipeline safety market size is expected to grow from USD 7.9 billion in 2020 to USD 12.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. Pipeline safety is a single system that detects smaller leaks or damages securely and more reliably. It simultaneously monitors for third-party interference...
Oman 2021 - Trends and Opportunities for Business in the Sultanate of Oman - MEED Insights Summary Over the past few years, there has been a significant escalation in project activity in Oman with several notable megaprojects completed such as the Duqm refinery, the new Muscat international airport,...
The global cryogenic valves market is estimated to witness a healthy growth, at an estimated CAGR of over 4%, over the forecast period. The major factor driving the growth of the market studied is increasing demand for industrial gases. - Safety concerns regarding operation of liquefied gases are likely to hinder the markets growth. -...
The global variable frequency drive market is projected to reach USD 24.3 billion by 2025 from an estimated USD 19.2 billion in 2020, at a CAGR of 4.8% during the forecast period. This growth can be attributed to factors such as growing regulations towards energy efficiency, upgradation & modernization of aging infrastructure for safe & secure...
The AI in Oil and Gas market was valued at USD 2040.89 million in 2019 and expected to register a CAGR of 10.14% over the forecast period 2021 - 2026. As the cost of IoT sensors declines, more major oil and gas organizations are bound to start integrating these sensors into their upstream, midstream, and downstream operations along with AI-enabled...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Oil and Gas Processing Seals Market Report The oil and gas processing seals market by revenue is expected to grow at a CAGR of over 2% during the period 2020–2025. Several seal manufacturers are significantly focusing on innovations...
The global asset integrity management services market size is estimated at USD 19.4 billion in 2020. It is projected to reach USD 24.2 billion by 2025; it is expected to grow at a CAGR of 4.5% from 2020 to 2025. The major factors driving the market growth include the growing demand for asset integrity management in new offshore fields in deep...