The 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 2023The global oil refining market was valued at USD 1,687.7 billion in 2022 and is expected to grow at a CAGR of 4.28% over the forecast period. This market is characterized by its intricate processes, vast infrastructure, and its role as a crucial link in the supply chain of energy and pet...Read More »
The global LNG bunkering market was valued at USD 1,150.1 million in 2022 and is expected to grow at a CAGR of 28.67% over the forecast period. LNG bunkering involves supplying liquefied natural gas as a fuel source for a vessel's self-use. The primary benefit of using LNG as a fuel lies...Read More »
The Asia Pacific food grade carbon dioxide market size was valued at USD 428.8 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. Growing demand in the freezing and chilling application stimulated by rising disposable income is e... Read More »
October 2023The global digital oilfield market size was valued at USD 29.11 billion in 2018 and is anticipated to reach USD 40.21 billion in 2025, registering a 4.7% compound annual growth rate (CAGR) from 2019 to 2025. Rising oil and gas exploration and production activities and growing focus ... Read More »
September 2023The North America mini and midi horizontal directional drilling market size was estimated at USD 3.50 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The North America region is projected to gain more than 500 offshore projects ... Read More »
August 2023The India process piping market size was valued at USD 303.99 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. The growth in production and oil & gas exploration activities is one the major factors driving the process piping m... Read More »
June 2023Offshore decommissioning refers to the process of efficiently & safely removing offshore oil and gas installations, pipelines, and other infrastructure that are no longer in use or have reached the end of their life. This process involves various activities, including engineering, pl...Read More »
The global gas turbine services market size was valued at USD 33.9 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2030. The rise in environmental concerns owing to the high amount of carbon emissions from coal-based power generation ... Read More »
April 2023The Mexico oil and gas market size was valued at USD 185.46 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.4% from 2023 to 2030. Mexico's demand for oil & gas is anticipated to increase as a result of government subsidies and the liberalization... Read More »
March 2023The global liquefied petroleum gas market size was estimated at USD 117.3 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2030. Growing awareness about the benefits correlated to the usage of LPG to substitute fossil fuels and t... Read More »
March 2023The Asia Pacific carbon dioxide market size was valued at USD 2.60 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. The market is expected to witness growth during the forecast period owing to the increasing usage of carbon diox... Read More »
November 2022The U.S. carbon dioxide market size was valued at USD 3.19 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.4% from 2022 to 2030. Increasing usage of carbon dioxide for Enhanced Oil Recovery (EOR) in oil & gas plants is anticipated to drive the i... Read More »
September 2022The global oilfield services market size to be valued at USD 139.1 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 3.4% during the forecast period. The increasing development of new oilfields and the rising demand for energy is expected to be key factor... Read More »
June 2022