The global coal power generation market volume was 2,056.95 GW in 2023 and is projected to grow at a CAGR of 1.1% from 2024 to 2030. The high energy demand is expected to drive the coal industry to generate electricity. Coal is a key product for electricity generation owing to its abunda... Read More »
September 2024The global oilfield services market size was valued at USD 133.1 billion in 2023 and is projected to grow at a CAGR of 3.4% from 2024 to 2030. The market is driven by the increasing production and exploration activities in the oil and gas industry. The rapid growth in shale gas developme... Read More »
September 2024The managed pressure drilling services market size was valued at USD 4.08 billion in 2023 and is projected to grow at a CAGR of 3.0% from 2024 to 2030. The increasing demand for oil and gas, coupled with the need for optimal extraction, has led to the adoption of technologically advanced... Read More »
August 2024The global compressed natural gas market size was valued at USD 159.9 billion in 2023 and is projected to grow at a CAGR of 11.7% from 2024 to 2030. Market growth is driven by the rising need for cleaner energy options, government programs advocating for sustainable methods, and the expa... Read More »
August 2024The global small-scale LNG market size was estimated at USD 52.51 billion in 2023 and is expected to grow at a CAGR of 14.1% from 2024 to 2030. Increasing demand for cleaner energy sources, particularly in remote areas and emerging economies is driving the growth of market. Besides, smal... Read More »
August 2024The global well cementing services market size was estimated at USD 8.8 billion in 2023 and is projected to grow at a CAGR of 4.1% from 2024 to 2030. The global rise in crude oil prices is the pivotal factor that propelled the market growth. The increase in oil prices led several oil &am... Read More »
August 2024The global wellhead components market size was estimated at USD 6.25 billion in 2023 and is expected to grow at a CAGR of 4.5% from 2024 to 2030. The market is primarily driven by the increasing demand for oil and gas worldwide. As energy consumption continues to rise, particularly in de... Read More »
July 2024The global wellhead equipment market size was valued at USD 6.69 billion in 2023 and is expected to grow at a CAGR of 4.9% from 2024 to 2030. The market is driven by several factors, including the increasing demand for energy, the need for efficient and reliable oil and gas extraction, a... Read More »
July 2024The global oil & gas SCADA market size was estimated at USD 3.73 billion in 2023 and projected to grow at a CAGR of 5.7% from 2024 to 2030. The market is driven by several key factors that are expected to shape its growth trajectory over the next few years. One of the primary drivers... Read More »
July 2024The global storage tank market size was valued at USD 24.49 billion in 2023 and is expected to grow at a CAGR of 6.52% from 2024 to 2030. The market is diverse, with different types of tanks, including aboveground, underground, and mobile storage tanks, each catering to specific needs an... Read More »
July 2024The global sonobuoy market size was estimated at USD 429.2 million in 2023 and is estimated to grow at a CAGR of 6.5% from 2024 to 2030. Increasing focus on maritime security, with nations worldwide aiming to enhance their undersea warfare capabilities is expected to boost the market gro... Read More »
July 2024The global pipeline integrity management market size was estimated at USD 2.18 billion in 2023 and is estimated to grow at a CAGR of 4.6% from 2024 to 2030. Increasing demand for petroleum products such as LPG, LNG, petrol, and diesel is expected to fuel the need for pipeline integrity m... Read More »
July 2024The global oil and gas analytics market size was estimated at USD 8.15 billion in 2023 and is projected to register a CAGR of 21.4% from 2024 to 2030. The major market growth drivers are the escalating demand for energy worldwide and the need for advanced tools to extract valuable insigh... Read More »
May 2024The global shore power market size was estimated at USD 2.0 billion in 2023 and is expected to grow at a CAGR of 10.4% from 2024 to 2030. This growth is fueled by a pressing need for cleaner solutions in the maritime industry. Shore power, or cold ironing, supplies electrical power to do... Read More »
May 2024The global LGC and VLGC LPG shipyard carrier market size was estimated at USD 2,079.39 million in 2023 and is projected to register a CAGR of 10.2% from 2024 to 2040. Increasing shale gas production globally is likely to propel demand for liquefied petroleum gas (LPG) tankers over the co... Read More »
May 2024The global LGC and VLGC LNG shipyard carrier market size was estimated at USD 8,988.76 million in 2023 and is projected to grow at a CAGR of 11.2% from 2024 to 2040. The demand for liquefied natural gas (LNG) has increased significantly in recent years, driven by several geopolitical and... Read More »
April 2024The Asia Pacific gas turbine market size was estimated at USD 3.79 billion in 2023 and is anticipated to expand at a CAGR of 5.2% from 2024 to 2030. This growth is driven by the necessity of effective power-producing infrastructure. Improved efficiency gas turbine sales have increased in... Read More »
April 2024The U.S. gas turbine market size was estimated at USD 2.27 billion in 2023 and is anticipated to grow at a CAGR of 4.7% from 2024 to 2030. This growth is attributed to the country's well-established end-use industries, which are the main sources of demand for the gas turbine indust... Read More »
March 2024The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries. G... Read More »
November 2023The global gas turbine market size was estimated at USD 10.19 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030. A gas turbine is an engine, which heats a mixture of fuel and outside air at a very high temperature to ge... Read More »
November 2023