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According to the new market research report "Well Intervention Market by Service (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift), Type (Light, Medium, Heavy) Application (Onshore, Offshore) Well (Horizontal, Vertical) Region - Global Forecast to 2025", published by MarketsandMarkets™, the Well Intervention Market size will grow to USD 8.8 billion by 2025 (forecasted year) from USD 7.1 billion in 2020 (estimated year), at a post COVID-19 CAGR of 4.5% during the forecast period. The rising number of mature fields in Europe and the Middle East, along with rising primary energy demand from the Asia Pacific are the driving factors for the Well Intervention Market, globally. The well intervention activities are fundamental requirements while well completion, production, and well abandonment, which creates opportunities for growth of the market.
The light intervention segment is expected to dominate the Well Intervention Market, by intervention type, during the forecast period.
Light well intervention is carried out using wireline, slickline, or coiled tubing units. These are generally done to service the downhole equipment such as pumps or valves and to gather bottom-hole temperature, flow, and pressure data. The increasing capital expenditure trend from upstream operators to optimize the production of oil & gas from the existing wells is the driving force for the light intervention market during the forecast period.
The stimulation segment is expected to be the fastest growing Well Intervention Market, by service, during the forecast period.
The stimulation segment, by service, Well Intervention Market is estimated to grow at the fastest rate during the forecast period. This is mainly because of the continuous demand for stimulation services from new shale development activities in North America. Moreover, the process of well stimulation addresses the major challenge of wax formation in the producing wells. There are two types of remedial stimulation methods, hydraulic fracturing, and matrix treatments. The demand for hydraulic fracturing is robust worldwide, with high growth from North, South, and Central America, making them lucrative markets. Such factors propel the growth of stimulation operations in the Well Intervention Market.
North America likely to emerge as the largest Well Intervention Market
In this report, the Well Intervention Market has been analyzed for six regions, namely, North America, South & Central America, Europe, Asia Pacific, Middle East, and Africa. According to the IEA, the US is determined to become the net exporter of energy by 2020 and to fulfill this objective; the oil production is being increased across the nation. Moreover, the US is the top explorer and producer of shale oil and gas. The old oil & gas fields in the Permian Basin and Bakken Ford require the intervention operations to enhance the productivity of the wells. Thus, North America dominated the Well Intervention Market during the forecasted period.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Well Intervention Market. Some of the key players are Schlumberger (US), Halliburton (US), NOV (US), Weatherford (Switzerland), and Baker Hughes Company (US). The leading players are adopting various strategies to increase their share in the Well Intervention Market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
According to the new research report "Pressure Switch Market by Type (Electromechanical, Solid State), Pressure Range (Below 100 bar, 100–400 bar, Above 400 bar), Application (HVAC, Monitoring & Control, Safety & Alarm Systems, Hydraulics & Pneumatics), End-User - Global Forecast to 2023", The pressure switch market is expected to grow from an estimated USD 1.69 billion in 2018 to USD 2.09 billion by 2023, at a CAGR of 4.39%, from 2018 to 2023. Rising focus on process automation and rising investments in the transportation sector are expected to drive the pressure switch market. Moreover, the low cost of pressure switches coupled with their multi-functionality has resulted in wide use of pressure switches in applications in oil & gas, chemicals, power generation, water & wastewater, and mining industries.
Browse 65 market data Tables and 41 Figures spread through 120 Pages and in-depth TOC on "Pressure Switch Market - Global Forecast to 2023"
The electromechanical segment is expected to hold the largest share of thepressure switch market, by type, during the forecast period.
The electromechanical segment led the pressure switch market in 2017 and is projected to have the largest market share, during the forecast period. Increasing deployment of electromechanical pressure switches in commercial and industrial applications is likely to drive the demand for the electromechanical segment in the pressure switch market.
The HVAC segment of the pressure switch market, by application, is expected to grow at the highest CAGR during the forecast period.
The HVAC segment is projected to grow at the highest CAGR from 2018 to 2023. As a part of HVAC systems, equipment such as pumps, compressors, fans, air conditioners, and so on are used and pressure switches are used to control these equipment. The use of pressure switches helps HVAC systems to operate at optimum levels and improved maintenance. The companies such as Honeywell, BD | Sensors, Barksdale, and KOBO among others are involved in provision of pressure switches for HVAC applications. So, the rising demand of HVAC systems has led to highest CAGR of pressure switches in HVAC segment from 2018 to 2023.
The automotive & transportation segment of the pressure switch market, by end-user, is expected to grow at the highest CAGR during the forecast period.
The automotive & transportation segment is projected to grow at the highest CAGR from 2018 to 2023. Pressure switches play a vital role in the automotive & transportation segment by providing monitoring and control system to various applications such as railway, marine, and roadways. For instance, in railways, pressure switches are used for brakes, horn operation, air suspension, shoe gear, and compressor control, etc. Thus, the increasing use of pressure switches for major applications in the automotive sector and increasing investments in the transportation sector is expected to drive the demand for pressure switches in the automotive & transportation sector.
Asia Pacific: The leading market for pressure switch
The pressure switch market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, South America, Europe, and Middle East & Africa. Asia Pacific led the global pressure switch market in 2017. China and Japan are the largest markets for pressure switches in the region. The government of China plans to enhance the investments toward process and manufacturing industries, thus creating a demand for the pressure switch market in the country. Meanwhile, Japan is one of the technologically advanced producers of automobiles, electronics, ships, and processed industries. Therefore, factors such as increasing investments toward the transportation and manufacturing sector is expected to drive the pressure switch market in the region.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the pressure switch market. The key players ABB (Switzerland), Eaton (Ireland), Danfoss (Denmark), Schlumberger (US), and Parker (US). The leading players are adopting various strategies to increase their shares in the pressure switch market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 newsletter@marketsandmarkets.com
According to the new research report "Smart
Ports Market by Technology (IoT, Blockchain, Process Automation, Artificial
Intelligence (AI)), Elements (Terminal Automation, PCS, Smart Port
Infrastructure, and Others), Throughput Capacity, Port Type, and Region -
Global Forecast to 2024" the global smart ports market is
projected to reach USD 5.3 billion by 2024 from an estimated USD 1.7 billion in
2019, at a CAGR of 25.0% during the forecast period. This growth can be
attributed to factors such as an increasing introduction of green initiatives
and the requirement of ports to comply with the environmental regulations that
have been implemented by the governments of several nations. The usage of big
data and cloud computing to cut down the carbon emissions and at the same time,
boost internal operational efficiency is a major driving force for the market.
The extensively busy segment is expected to be the largest smart ports
market, by throughput capacity, during the forecast period.
The extensively busy ports are expected to be the largest
and the fastest growing market segment during the forecast period. Extensively
busy ports generate a larger share of revenue when compared to that of the
moderately and scarcely busy ports due to the large-size of operations in the
former. This enables these ports to invest in the latest technologies to
improve their operational coefficient.
Browse 73 market data Tables and 38 Figures spread
through 141 Pages and in-depth TOC on "Smart Ports
Market - Global Forecast to 2024"
The sea ports segment is expected to be the fastest growing segment of
the smart ports market during the forecast period.
Sea ports are situated out in the sea whereas inland
ports are the ones that are situated in the inland waterways, like streams,
rivers, and rivulets. Most commercial and passenger cruises dock in the sea
ports, and thus the seaports have the lion’s share of the revenues in this segment.
These ports invest their working capital in upgrading the condition by
installing efficient technologies and smart solutions.
Asia Pacific to account for the largest share within the global smart
ports market
In this report, the smart ports market has been analyzed
with respect to five regions, namely, North America, South America, Europe,
Asia Pacific, and the Middle East & Africa. The Asia Pacific is estimated
to dominate the global smart ports market in 2019, owing to the growth in the
industrial, manufacturing, textile, pulp & paper, and power generation
industries in countries such as China, Singapore, Hong Kong, and Japan. This
lead to the massive growth in trade in the region, which in turn is expected to
boost maritime activities in this region. Thus, a significant scope of growth
and development in smart ports exists in these regions.
The report includes the profiles of some of the top
players in the smart ports market to enable an in-depth understanding of
the competitive landscape. Some of the key players are Royal Haskoning (The
Netherlands), IBM (USA), ABB (Switzerland), Trelleborg AB (Sweden), Port of
Rotterdam (The Netherlands), and Abu Dhabi Ports (UAE). The leading players are
adopting various strategies to increase their share in the smart ports market.
MarketsandMarkets™ provides quantified B2B research on
30,000 high growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™
are tracking global high growth markets following the "Growth Engagement
Model – GEM". The GEM aims at proactive collaboration with the clients to
identify new opportunities, identify most important customers, write
"Attack, avoid and defend" strategies, identify sources of
incremental revenues for both the company and its competitors.
MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies, innovators, strategic players)
annually in high growth emerging segments. MarketsandMarkets™ is determined to
benefit more than 10,000 companies this year for their revenue planning and
help them take their innovations/disruptions early to the market by providing
them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and
market research platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper understanding of the unmet insights
along with market sizing and forecasts of niche markets.
Contact: Mr. Aashish
Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441 newsletter@marketsandmarkets.com
