The Europe oilfield equipment market size was valued at USD 18.38 billion in 2023 and is projected to grow at a CAGR of 2.7% from 2024 to 2030. The market growth is driven by some prominent factors, including increasing energy requirements in the region and the growing number of activiti... Read More »
August 2024The global proppants market size was valued at USD 9.12 billion in 2023 and is projected to grow at a CAGR of 8.2% from 2024 to 2030. Advancements in fracturing technology and drilling techniques, along with the rise in proppants consumption per well, innovation in proppants technologies... Read More »
August 2024The global oilfield equipment rental market size was estimated at USD 24.13 billion in 2023 and is anticipated to grow at a CAGR of 3.8% from 2024 to 2030. Rising global investments in oil & gas exploration and production (E&P) activities are a major driver for the market. Crude ... Read More »
July 2024The global mining chemicals market size was estimated at USD 11.44 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030. This growth is attributable to a growing demand for minerals in various end-user industries such as electronics, medical equipment, paints &... Read More »
July 2024The global bentonite market size was estimated at USD 2.44 billion in 2023 and is expected to grow at a CAGR of 6.2% from 2024 to 2030. Bentonite's unique properties, including its ability to absorb water and expand, make it invaluable in applications like drilling muds, foundry sands, a... Read More »
June 2024The North America piling machine market size was estimated at USD 984.2 million in 2023 and is expected to grow at a CAGR of 3.1% from 2024 to 2030. The growing number of construction projects and the need for specialized equipment with core use in deep foundation construction are drivin... Read More »
June 2024The global industrial pumps market size was estimated at USD 43.90 billion in 2023 and is expected to grow at a CAGR of 4.7% from 2024 to 2030. Rising adoption of industrial pumps in various industries, including water & wastewater, chemicals, oil & gas, and power generation, is ... Read More »
May 2024The global piling machine market size was valued at USD 5.06 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. The escalating demand for piling machines has primarily been propelled by the swift expansion of global infrastructure ... Read More »
January 2024The global pumps market size was estimated at USD 57.7 billion in 2023 and it is anticipated to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. Pumps are used for two purposes, either to increase the pressure of fluid or to transfer the fluid at a higher discharge... Read More »
December 2023The global explosives and pyrotechnics market size was valued at USD 28.4 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The growth of this market is driven by the increasing demand for explosives in the mining, construction,... Read More »
November 2023The global tunnel boring machine market size was estimated at USD 6,390.0 million in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. The rising demand for tunnel boring machines has primarily been propelled by the swift expan... Read More »
October 2023The global glass lined equipment market size was estimated at USD 1.92 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.2% from 2023 to 2030. The market is primarily driven by its exceptional corrosion resistance and durability, making it a preferr... Read More »
October 2023The global in-line process viscometer market size was valued at USD 199.0 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030. The rise in global energy demand has led to an increase in refining capacities which is eventually expec... Read More »
October 2023The global submersible pumps market size was estimated at USD 11.70 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The positive outlook for the oil and gas sector is expected to drive demand for pumps over the forecast period... Read More »
October 2023The global vacuum pump market size was estimated at USD 5,728.7 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The rising use of vacuum pumps is attributed to technological advancements, rapid automation, stricter industry stand... Read More »
October 2023The global metal cutting machine market size was estimated at USD 5.84 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. Metal-cutting machines are in high demand due to factors, such as the growing implementation of Industry 4.0 s... Read More »
August 2023The global well intervention market size was worth USD 12.45 billion in 2016. Increasing demand for energy and development of new oilfields is expected to be a key factor driving market growth. Rising E&P to enhance productivity in conventional oil & gas fields particularly in Sa... Read More »
July 2023The global drilling fluids market size was valued at USD 7.99 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. The growth is attributed to the rising requirement in the energy industry, which is expected to ... Read More »
June 2023The global centrifugal pump market size was valued at USD 50.42 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030. The rising residential and commercial infrastructure coupled with the expansion of the manufacturing industry gl... Read More »
June 2023The global oil spill management market size was valued at USD 125.6 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030. Increasing safety concerns coupled with the rising figures of oil spill incidents globally over the last few y... Read More »
April 2023