Market Insight:
EaaS is a solution for increasing market acceptance of advanced, low-carbon technologies. Customers can pay for an energy service using the energy as a service business model without any prior capital commitment. EaaS providers are responsible for managing and monitoring the energy supply, minimising clients' operational expenses, and increasing profitabil ..
The global petrochemical market is forecasted to reach US$926.21 billion in 2027, experiencing growth at a CAGR of 6.20 % during the period spanning from 2023 to 2027. Growth in the global petrochemical market was supported by factors such as rising population, growing demand for plastics, accelerating production of natural gas, abundant raw material availability in the Middle East and increasi ..
The global hydrogen market is expected to record a value of US$184.10 billion in 2025, progressing at a CAGR of 6.09% for the period spanning 2021-2025. The market experienced growth accruing to several factors such as rising consumption of agricultural fertilizers, escalating demand in metallurgical industries, mounting concerns regarding carbon emissions worldwide, surging demand for electric ..
The global industrial gases market is predicted to reach US$105.93 billion in 2024, witnessing growth at a CAGR of 6.48% over the period 2020-2024. The factors such as rising healthcare expenditure, accelerating sales of packaged food, growing base of geriatric population, expansion of refinery capacities, surging demand in the automotive sector and expanding urbanization would drive the growth ..
The global renewable diesel capacity is expected to reach 14.63 million tons in 2024, growing at a CAGR of 21.33%, during 2020-2024. While, the global renewable diesel demand is projected to reach 12.88 million tons, increasing at a CAGR of 15.93%, during 2020-2024. The factors such as growing production of motor vehicles, increase in biofuel demand, rise in carbon dioxide emission, availabilit ..
The global OCTG market is expected to record a value of US$22.52 billion in 2024, increasing at a CAGR of 5.40%, for the duration spanning 2020-2024. The factors such as growing oil demand, growth in hydraulic fracturing activities, rising energy consumption, escalating investment on offshore drilling activities, accelerating economic growth and technological innovations in the drilling techniq ..
The global jack-up rig market volume is expected to reach 578 units in 2024, growing at a CAGR of 1.67% during the period spanning 2020-2024. The growth in the market is supported by factors like rising urban population, increasing GDP per capita and surging global offshore drilling market. The market is predicted to witness certain trends like upsurge in global oil demand and technological adv ..
The global liquefied natural gas (LNG) market is estimated to reach US$138.43 billion in 2023, growing at a CAGR of 5.15% for the period spanning 2019 to 2023. The factors such as rising energy consumption, growing urban p ..
Rigs are giant structures or machines consisting of mud tanks, mud pumps, derrick or mast, draw works, rotary table, drill string, power generation equipment and auxiliary equipment. Rigs are used in drilling a wellbore. S ..
Oil Country Tubular Goods (OCTG) comprises of a wide range of steel tubular products that are used in oil and gas exploration and production and in particular drilling. They can be Seamless and Welded Pipes (Electric Resis ..