August 7, 2022
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Energy

Offshore Wind Energy Market Forecast to Reach $42billion by 2025

The market for offshore wind energy is forecast to reach $42billion by 2025, growing at a CAGR of 13.6% from 2020 to 2025. The offshore wind energy market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for clean energy and rising focus on reducing carbon emissions. Offshore […]

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Energy

Coiled Tubing Market is Expected to Reach $5863.20 Million by 2023.

According to the new market research report by IndustryARC titled “Coiled Tubing Market By Service (Well Intervention & Production, Drilling); By Operation (Circulation, Pumping, Logging, Perforation and Others) & By Geography- Forecast(2018-2023)”, the market is driven by the increasing focus on the natural gas production. Americas dominates the Coiled Tubing Market during the forecast period […]

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Energy

Substantial Growth in Aerospace Industry Led to Increased Consumption of Gas Turbines

Gas turbine engines are the most widely used form of propulsion system for modern aircraft. In a modern gas turbine, pressurized gas spins the turbine by burning propane, natural gas, kerosene or jet fuel. Prevalent in aerospace, gas turbine engine technology is quite diverse and also used for applications in other industries such as energy, […]

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Energy

Industry4.0: Availing Unexplored Horizon to the Oil and Gas Industry

Fourth industrial revolution a coalescence of Information technology (IT) and Operational Technology (OT) is set to witness significant growth in various industries and related businesses. Owing to declining prices of crudes the major oil and gas companies, especially those in the upstream sector are opting for advanced technologies to cut down the operational costs. Electric […]

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