The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
LONDON, Sept. 7, 2023 /PRNewswire/ -- As per The Business Research Company's analysis, the global oil and gas market is on a trajectory of substantial growth, with an anticipated market size of $8,670.91 billion by 2027, demonstrating a commendable Compound Annual Growth Rate (CAGR) of 4.3%. One significant catalyst contributing to this growth is the prevailing low-interest rates across most developed nations. These favorable interest rate conditions are expected to have a positive impact on the oil and gas industry during the forecast period, enhancing investment opportunities and stimulating growth.
Navigating the dynamic landscape of the oil and gas industry requires access to accurate, up-to-date information and insights. The Business Research Company (TBRC) stands as a trusted resource, offering comprehensive reports that delve into various facets of the industry. These reports not only encapsulate market trends and growth forecasts but also provide in-depth analyses of the factors shaping the industry, including the influence of low-interest rates.
For industry players seeking a competitive edge, TBRC's reports serve as invaluable tools, equipping them with the knowledge needed to make informed decisions, seize opportunities, and stay ahead of the evolving dynamics within the oil and gas sector.
Explore The Business Research Company's top eleven market reports in the oil and gas industry:
1. Shale Gas Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/shale-gas-global-market-report
The shale gas market is projected to reach $126.98 billion by 2027, with a notable Compound Annual Growth Rate (CAGR) of 13.0%. This growth is primarily attributed to the swift progression of innovations in shale gas exploration and drilling techniques, resulting in increased production levels and cost-efficiency improvements within the industry.
2. Specialties of Lube Oil Refinery Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/specialties-of-lube-oil-refinery-global-market-report
The lube oil refinery market, specifically specializing in specialties, is anticipated to expand to $16.13 billion by 2027, displaying a substantial Compound Annual Growth Rate (CAGR) of 9.9%. This growth can be primarily attributed to the increasing demand stemming from both the automotive and cosmetic industries, which has driven the expansion of the specialties segment within the lube oil refinery market.
3. Welding Gas/Shielding Gas Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/welding-gas-or-shielding-gas-global-market-report
The market size of welding gas or shielding gas is projected to reach $3.87 billion by 2027, exhibiting a Compound Annual Growth Rate (CAGR) of 7.3%. This growth is primarily driven by the expanding metal manufacturing and metal fabrication sectors, which are expected to act as key growth drivers for the welding gas or shielding gas market.
4. Wireline Services Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/wireline-services-global-market-report
The wireline services market is projected to expand to $12.89 billion by 2027, demonstrating a Compound Annual Growth Rate (CAGR) of 5.2%. This growth is primarily attributed to the rising levels of both deepwater and shallow water drilling activities, which are expected to serve as significant drivers for the wireline services market in the foreseeable future.
5. Biodiesel Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/biodiesel-global-market-report
The global biodiesel market is anticipated to attain a market size of $69.96 billion by 2027, reflecting a Compound Annual Growth Rate (CAGR) of 6.01%. This growth is primarily attributed to the growing demand for biofuels, which is expected to be a key driver of expansion in the biodiesel market.
6. Drilling Fluids Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/drilling-fluids-global-market-report
In the drilling fluids market, a significant trend revolves around product innovation. Leading companies within the drilling fluids industry are actively engaged in the development of novel products, exemplified by innovations like the DELTA-TEQ low-impact drilling fluid. This non-aqueous formulation, designed to enhance hole cleaning within deviated boreholes, is a testament to the incorporation of cutting-edge technologies in product development by key market players.
7. Offshore Decommissioning Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/offshore-decommissioning-global-market-report
The offshore decommissioning market is projected to expand to $7.82 billion by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 7.7%. This growth is primarily driven by the heightened government investments in well-plugging and abandoned activities, which are expected to serve as significant drivers for the offshore decommissioning market in the foreseeable future.
8. Oil Condition Monitoring Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/oil-condition-monitoring-global-market-report
The global oil condition monitoring market is anticipated to expand to $1.73 billion by 2027, demonstrating a Compound Annual Growth Rate (CAGR) of 7.4%. This growth is primarily attributed to the surge in the automobile industry, which is expected to be a key driver behind the oil condition monitoring market's expansion in the foreseeable future.
9. Well Completion Equipment And Services Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/well-completion-equipment-and-services-global-market-report
The market size of well completion equipment and services is projected to attain $13.17 billion by 2027, exhibiting a Compound Annual Growth Rate (CAGR) of 7.2%. This growth is primarily attributed to the increasing global demand for oil and gas exploration, which is expected to be a key driver of expansion in the well completion equipment and services market in the foreseeable future.
10. Gas Turbine Services Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/gas-turbine-services-global-market-report
The market size of gas turbine services is anticipated to achieve $39.01 billion by 2027, reflecting a Compound Annual Growth Rate (CAGR) of 9.4%. This growth is primarily attributed to the growing consumption of natural gas in electricity generation, which is expected to be a key driver for the expansion of the gas turbine services market in the foreseeable future.
11. Vertical Immersion Pumps Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/vertical-immersion-pumps-global-market-report
The vertical immersion pumps market is projected to expand to $3.95 billion by 2027, demonstrating a Compound Annual Growth Rate (CAGR) of 3.4%. This growth is primarily attributed to the increasing demand emanating from various industries, which is expected to be a key driver behind the rising demand for vertical immersion pumps in the foreseeable future.
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