The global oil & gas drill bits market size was valued at USD 5.9 billion in 2023 and is projected to grow at a CAGR of 9.9% from 2024 to 2030. The high rate of fossil fuel extraction to meet the surging global energy demand has been a major market driver. Large-scale drilling and E&... Read More »
December 2024The global oilfield equipment market size was valued at USD 126.91 billion in 2023 and is expected to expand at a CAGR of 3.1% from 2024 to 2030. This growth is attributable to increasing energy demand, technological advancement in oilfield equipment, rising investment in exploration and... Read More »
November 2024The global drilling fluids market size was valued at USD 8,707.8 million in 2024 and is expected to grow at a CAGR of 4.4% from 2025 to 2030. Oil and gas market growth is primarily due to the increasing demand from the energy industry, which is projected to drive global market expansion ... Read More »
November 2024The global oil spill management market size was valued at USD 148.14 billion in 2023 and is projected to grow at a CAGR of 3.2% from 2024 to 2030. Increasing safety concerns coupled with rising oil spill incidents globally over the last few years are expected to drive the global market o... Read More »
October 2024The U.S. industrial pump market size was estimated at USD 5.14 billion in 2024. It is expected to expand at a CAGR of 3.4% from 2025 to 2030. This growth is attributed to infrastructure modernization and stringent environmental regulations are significant contributors, as they necessitat... Read More »
October 2024The North American piling machine market size was estimated at USD 1.01 billion in 2024 and is expected to grow at a CAGR of 3.1% from 2025 to 2030. The market growth is attributed to significant government and private sector investments in projects such as roads, bridges, and high-rise ... Read More »
October 2024The global offshore mooring systems market size was valued at USD 1.56 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030. Rapid expansion of oil and gas E&P from the offshore fields along with the rising development of high-temperature gas hydrate basins fo... Read More »
October 2024The global well intervention market size was valued at USD 9.30 billion in 2023 and is projected to grow at a CAGR of 3.9% from 2024 to 2030. The increasing demand for energy and new oilfield developments are expected to drive market growth, fueled by efforts to boost productivity in con... Read More »
October 2024The global downhole tools market size was valued at USD 4.73 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2030. The oil and gas industry's increasing exploration and production activities drive the market growth for downhole tools.... Read More »
September 2024The North America stainless steel round bar market size was valued at USD 1.01 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2030. Increasing adoption in multiple industries such as construction, manufacturing, energy, medical equip... Read More »
September 2024The global pumps market size was estimated at USD 57.66 billion in 2023 and is anticipated to grow at a CAGR of 4.4% from 2024 to 2030. Pumps serve dual functions: they are employed to boost fluid pressure and move the fluid at a greater flow rate. In sectors like oil & gas explorati... Read More »
September 2024The 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 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 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 2023