Oil and Gas Coverage

Asphalt Shingles Market Definition

Asphalt shingles are a common roofing material used in residential and commercial buildings. They are made of a base mat of fiberglass or organic materials, which is coated with asphalt and then covered with granules for protection against the elements. The asphalt shingles market consists of sales, by entities (organizations, sole traders or partnerships), of asphalt shingles that refer to a type of wall or roof shingle that uses asphalt for waterproofing. The asphalt shingle is a square butt strip shingle, elongated in shape and available with one or three tabs. This product is made of a base mat or organic material (cellulose fibers) or inorganic material (glass fibers).

Onshore Artificial Lift Systems Market Definition And Segments

Onshore artificial lift systems refer to equipment and techniques used in oil and gas production to enhance the flow of hydrocarbons from wells to the surface. These systems typically involve pumps or gas lift mechanisms to overcome the natural pressure decline in reservoirs, ensuring efficient extraction. They play a crucial role in maintaining production rates and extending the economic life of onshore wells. The main technologies involved in onshore artificial lift systems are rod lifts, electrical submersible pumps, progressive cavity pumps, gas lifts, hydraulic pumps, and others. Rod lift is a method of artificial lift that involves the use of a series of connected rods to mechanically lift fluid from a wellbore to the surface. These lifts use various mechanisms, including pump assisted and gas assisted, and are used in oil and gas applications. The onshore artificial lift systems market covered in this report is segmented – 1) By Technology: Rod Lift, Electrical Submersible Pump, Progressive Cavity Pump, Gas Lift, Hydraulic Pumps, Other Technologies 2) By Mechanism: Pump Assisted, Gas Assisted 3) By Application: Oil, Gas The onshore artificial lift systems market size has grown strongly in recent years. It will grow from $9.87 billion in 2023 to $10.66 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to increasing demand for crude oil and natural gas, aging oil fields with declining natural pressure, growing government initiatives and regulations supporting domestic oil and gas production, and growing focus on maximizing oil recovery from mature fields. The onshore artificial lift systems market size is expected to see strong growth in the next few years. It will grow to $14.62 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to the increasing complexity of reservoirs and well conditions, growing adoption of digitalization and automation in the oil and gas industry, expansion of unconventional oil and gas production, environmental concerns, and regulatory pressures. Major trends in the forecast period include integration of smart monitoring solutions, implementation of digital twin technology, shift towards electrification of onshore artificial lift systems, adoption of remote monitoring and control systems, and integration of onshore artificial lift systems with renewable energy sources.

Increasing Oil And Gas Production Fuel The Onshore Artificial Lift Systems Market Growth

Rising oil and gas production is expected to propel the onshore artificial lift systems market going forward. Oil and gas production refers to the process of extracting hydrocarbons, primarily crude oil and natural gas, from underground reservoirs and bringing them to the surface for further processing, refinement, and distribution. Oil and gas production is rising due to increasing global energy demand, expanding industrialization, and the discovery of new reserves. Onshore artificial lift systems enhance oil and gas production by increasing flow rates and maintaining pressure in wells, which is crucial for extracting hydrocarbons efficiently from reservoirs. They optimize output by mitigating natural declines, improving recovery rates, and supporting sustained operations. For instance, in March 2024, according to the Energy Information Administration, a US-based government agency, crude oil production in the United States increased to 13,295 barrels per day in December 2023, marking a 6.68% growth from the 12,138 barrels per day recorded in December 2022. Similarly, natural gas production in the US rose to 128,977 million cubic feet per day in December 2023, compared to 121,123 million cubic feet per day in December 2022. Therefore, rising oil and gas production is driving the growth of the onshore artificial lift systems market. Major companies operating in the onshore artificial lift systems market are General Electric Company, Schlumberger NV, Halliburton Oil Well Cementing Co., Atlas Copco Energas GmbH, Tenaris S.A, Dover Corporation, National Oilwell Varco Inc., Weatherford International plc, Aker Solutions ASA, Alkhorayef Petroleum, Lufkin Industries LLC, Flotek Industries Inc., Haimo Technologies Group Corp., SPOC Automation, Lift Solutions Inc., 3P Services GmbH And Co. KG, Rimera Group, Linc Energy Systems, World Oil Tools Inc., Torqueflow Sydex Ltd., PetroLift Systems Inc., Oil Dynamics GmbH, Upwing Energy Inc., Elkam

Adoption Of Advanced Technologies Driving Innovation In The Onshore Artificial Lift Systems

Major companies operating in the onshore artificial lift systems market are focusing on developing advanced technologies, such as jet pump technology, to gain a competitive edge in the market. Jet pump technology enhances the fluid lifting capabilities of onshore artificial lift systems, optimizes production rates, and reduces downtime. For instance, in February 2021, Wanner International Ltd., a UK-based industrial equipment supplier, launched a new Hydra-Cell jet pump hydraulic artificial lift solution that utilizes jet pump technology. This innovative solution aims to significantly reduce the cost of lifting a barrel of fluid in oil and gas production, which will generate substantial savings over the lifetime of a well. The technology features a seal-free, no-packaging system that is suitable for mainstream oil and gas production, eliminating the need for workover rigs or slick line units for servicing or production optimization.

Baker Hughes Enhances Artificial Lift Solutions With AccessESP Acquisition

In July 2022, Baker Hughes Company, a US-based oilfield services company, acquired AccessESP Holdings Limited for an undisclosed amount. The acquisition aims to strengthen Baker Hughes' artificial lift solutions by integrating cutting-edge technology aimed at reducing intervention costs, minimizing downtime, and enhancing operational efficiency for oil and gas operators. AccessESP Holdings Limited is a US-based oil and energy company that provides technology and services for oil and gas recovery, including onshore artificial lift systems. North America was the largest region in the onshore artificial lift systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the onshore artificial lift systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the onshore artificial lift systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The onshore artificial lift systems market consists of sales of plunger lift systems, sucker rods, hydraulic jet pumps, downhole pumps, gas separators, and plunger lift controllers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The onshore artificial lift systems market research report is one of a series of new reports from The Business Research Company that provides onshore artificial lift systems market statistics, including onshore artificial lift systems industry global market size, regional shares, competitors with a onshore artificial lift systems market share, detailed onshore artificial lift systems market segments, market trends and opportunities, and any further data you may need to thrive in the onshore artificial lift systems industry. This onshore artificial lift systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Big Data In The Oil And Gas Sector Market Definition And Segments

Big data in the oil and gas sector refers to the process of using advanced technologies to handle and process vast amounts of data generated across the oil and gas industries to derive actionable insights, optimize operations, and drive efficiency, safety, and environmental sustainability improvements. Big Data analytics enhances safety within the oil and gas industries by enabling predictive equipment maintenance, identifying potential failures, and ensuring safe logistics through sensor analytics. The main components of big data in the oil and gas sector market are hardware, software, and services. Hardware refers to the real components of a computer system or electronic device, including memory, storage, processors, and peripherals. The various data types are structured, unstructured, and semi-structured used by various deployment modes including on-premise and cloud-based. The various applications are upstream, midstream, downstream, and administration. The big data in the oil and gas sector market covered in this report is segmented – 1) By component: Hardware, Software, Services 2) By Data Type: Structured, Unstructured, Semi-Structured 3) By Deployment: On-Premise, Cloud-Based 4) By Application: Upstream, Midstream, Downstream, Administration The big data in the oil and gas sector market size has grown rapidly in recent years. It will grow from $5.29 billion in 2023 to $6.07 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to enhanced decision-making and improved operational and business performance, the rise of unconventional resources, energy market volatility, demand for effective exploration and production procedures, and economic growth. The big data in the oil and gas sector market size is expected to see rapid growth in the next few years. It will grow to $10.61 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to growing demand for predictive maintenance, increasing competition in the oil and gas industry, the growing need to optimize production, growing the need for a systematic system to analyze this data, rising need for energy. Major trends in the forecast period include advanced sensor technologies, edge computing advancements, AI and machine learning integration, technological advancements, and increasing collaborations.

Surging Supply Unveiling The Dynamics Behind The Accelerating Growth In Oil And Gas Production

The increasing oil and gas production is expected to propel the growth of big data in the oil and gas sector market going forward. The oil and gas production is increasing due to growing global energy demand, expansion of offshore exploration, investment in infrastructure, and regulatory environment. The rising oil and gas production presents significant opportunities for leveraging big data analytics to improve operational efficiency, optimize asset performance, enhance safety and environmental performance, and drive strategic decision-making in the oil and gas sector by integrating and analyzing data from multiple sources to gain a comprehensive understanding of operations and identify areas for improvement. For instance, according to the Energy Information Administration (EIA), a principal agency of the U.S. Federal Statistical System, in 2023, crude oil production in the United States was an average of 12.4 million barrels per day (b/d) and is forecast to increase to 12.8 million b/d in 2024. Therefore, rising oil and gas production is driving the growth of big data in the oil and gas sector market. Major companies operating in the big data in the oil and gas sector market are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Dell Technologies Inc., Hitachi Vantara LLC, General Electric Company, Accenture plc, International Business Machines Corporation, Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company, Schlumberger Limited, Capgemini SE, Baker Hughes Company, Halliburton Company, DXC Technology Company, HCL Technologies Limited, Teradata Corporation, BigPanda Inc., Alteryx Inc., Altair Engineering Inc., Cloudera Inc., Datameer, Inc., Enverus, Northwest Analytics Inc., Hortonworks Inc., MapR Technologies Inc.

Innovation Unleashed Pioneering Product Advancements For A Dynamic Future

Major companies operating in the big data in the oil and gas sector market are focused on developing innovative solutions, such as Nexus OnCore Compact Control System, to upgrade smaller industrial facilities. The Nexus OnCore Compact Control System is a control system that utilizes multiple autonomous controllers to manage and control the processes within a plant or an industrial system. For instance, in May 2022, Nexus Control, an India-based company that provides integrated control solutions, launched the Nexus OnCore Compact Control System. This cutting-edge technology offers the sophisticated diagnostic capabilities and digital toolbox of a distributed control system (DCS). It is also compact enough to fit into confined spaces typically occupied by programmable logic controllers (PLCs). This results in enhanced efficiency, improved asset comprehension, and operational optimization in control applications commonly used in more expansive facilities.

GE Gas Power Strengthens Control Systems Portfolio Through Acquisition Of Nexus Controls

In April 2023, GE Gas Power, a US-based company that provides a variety of control systems for gas power plants, acquired Nexus Controls for an undisclosed amount. This acquisition aims to create a single, full-service controls business line within GE Gas Power, integrating Nexus Controls' expertise with GE's proprietary Mark Vle controls systems platform to enhance the customer experience throughout power plant lifecycles. Nexus Controls is an India-based company specializing in industrial automation and control systems, which play a significant role in the oil and gas sector's evolution. North America was the largest region in the big data in the oil and gas sector market in 2023. The regions covered in the big data in the oil and gas sector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the big data in the oil and gas sector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The big data in the oil and gas sector market consists of revenues earned by entities by providing services such as predictive maintenance, exploration and production optimization, supply chain management, and asset integrity management. The market value includes the value of related goods sold by the service provider or included within the service offering. The big data in the oil and gas sector market also includes geospatial analytics, data security and compliance, energy efficiency, reservoir monitoring, and management. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The big data in the oil and gas sector market research report is one of a series of new reports from The Business Research Company that provides big data in the oil and gas sector market statistics, including the big data in the oil and gas sector industry global market size, regional shares, competitors with a big data in the oil and gas sector market share, detailed big data in the oil and gas sector market segments, market trends and opportunities, and any further data you may need to thrive in the big data in the oil and gas sector industry. This big data in the oil and gas sector market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Oil Free Air Compressor Market Definition And Segments

An oil-free air compressor refers to a type of air compressor that operates without the use of oil lubrication in its compression chamber. These compressors are used to provide dependable and contaminant-free compressed air for sensitive applications where oil contamination is not acceptable or desirable. The main types of oil-free air compressor products are stationary and portable. Stationary oil-free air compressors refer to products that compress and store air without using any lubricant or oil in the compression chamber. A variety of power ratings are included, such as below 15 kw, 15–55 kw, 55–160 kw, and over 160 kw. These provide several technologies, such as reciprocating, rotary, screw, and centrifugal, which are used for several applications, including food and beverage, pharmaceutical, semiconductor and electronics, chemical, oil and gas, automotive, and others. The oil free air compressor market covered in this report is segmented – 1) By Product: Stationary, Portable 2) By Power Rating: Below 15kW, 15-55kW, 55-160kW, Above 160 kW 3) By Technology: Reciprocating, Rotary or Screw, Centrifugal 4) By Application: Food And Beverage, Pharmaceutical, Semiconductor And Electronics, Chemical, Oil And Gas, Automotive, Other Applications The oil free air compressor market size has grown steadily in recent years. It will grow from $14.03 billion in 2023 to $14.67 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to increasing demand for oil-free compressed air in sensitive applications, stringent regulations regarding air quality and environmental protection, growth of industries requiring contamination-free compressed air, concerns about product purity and compliance with industry standards, expansion of healthcare and pharmaceutical sectors necessitating clean air, adoption in food and beverage processing for avoiding product contamination, rising awareness about the benefits of oil-free compressors in reducing maintenance costs. The oil free air compressor market size is expected to see strong growth in the next few years. It will grow to $17.94 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to shift towards energy-efficient and sustainable compressed air solutions, expansion of manufacturing industries in emerging economies, adoption of oil-free compressors in automotive and electronics manufacturing, increasing investments in infrastructure development and construction, growing emphasis on operational efficiency and cost savings, focus on reducing carbon footprint and emissions in industrial processes. Major trends in the forecast period include the adoption of oil-free compressor technology, expansion of demand in industries, integration of advanced filtration systems, adoption of variable speed drive technology, integration of remote monitoring features, and increasing emphasis on compliance.

Rising Automotive Industry Adoption Propels Oil-Free Air Compressor Market Growth

The rising automotive industry is expected to propel the growth of the oil free air compressor market going forward. The automotive industry refers to the collective activities, organizations, and businesses involved in the design, development, manufacturing, marketing, and sale of motor vehicles. The automotive industry is on the rise due to increased demand for electric vehicles (EVs) and the introduction of autonomous driving features. Oil-free air compressors play an important role in ensuring the dependability, performance, and safety of numerous automotive applications, such as painting and surface finishing, brake testing, and tire inflation. For instance, in June 2023, according to reports shared by the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, sales of passenger cars in the UK rose 25.8% from 140,958 units in 2022 to 177,266 units in 2023. Therefore, the rising automotive industry is driving the growth of the oil free air compressor market. Major companies operating in the oil free air compressor market are Mitsui Co. Ltd., Hitachi Industrial Equipment Systems Co. Ltd., Fusheng Precision Co. Ltd., Atlas Copco Group, General Electric Company, Ingersoll Rand plc, CIASONS Industrial Inc., Doosan Portable Power, Aerzener Maschinenfabrik, ELGI Equipments Ltd., Sullair LLC, Cook Compression, Sundyne Corp., Medo U.S.A Beverages Pvt. Ltd., Kaeser Kompressoren SE, BAUER Engineering India Pvt. Ltd., FS Elliott Co. LLC, Sullivan-Palatek Inc., Hanwha Techwin Co. Ltd., Tamturbo Oyj, Kobelco Construction Machinery Co. Ltd., AireTex Compressors LLC, Rolair Systems, Nanjing Compressor Co. Ltd., Zen Air Tech Private Limited, Frank Technologies Pvt. Ltd.

Introducing Advanced Industrial Oil-Free Compressors To Transform The Market

Major companies operating in the oil-free air compressor market are focusing on developing advanced products, such as industrial oil-free rotary screw air compressors, to drive their revenues in the market. An industrial oil-free rotary screw air compressor is a device that compresses air without the use of oil for lubrication. It operates by using two intermeshing rotors that trap and compress air between them. For instance, in November 2023, Kaishan USA, a US-based industrial air compressor manufacturer, launched the KROF, a new series of industrial, oil-free rotary screw air compressors. The KROF is a two-stage oil-free rotary screw air compressor that produces high-quality ISO 8573-1 Class 0 oil-free compressed air. Using two successive compression stages, intercooling and aftercooling, customers will receive high-quality air that is ideal for sensitive applications where purity is vital.

Atlas Copco Acquires Hycomp To Strengthen Its Professional Air Division

In January 2024, Atlas Copco, a Sweden-based industrial company, acquired Hycomp for an undisclosed amount. Through this acquisition, Atlas Copco Group will be enhanced, and Hycomp's technology will be integrated into the Professional Air division of the Compressor Technique business area. Hycomp is a US-based company that specializes in designing, producing, selling, and servicing high-pressure oil-free compressors. North America was the largest region in the oil free air compressor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oil free air compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the oil free air compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The oil free air compressor market consists of sales of air filters, air receivers, filter cartridges, valves, switches, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The oil free air compressor market research report is one of a series of new reports from The Business Research Company that provides oil free air compressor market statistics, including oil free air compressor industry global market size, regional shares, competitors with a oil free air compressor market share, detailed oil free air compressor market segments, market trends and opportunities, and any further data you may need to thrive in the oil free air compressor industry. This oil free air compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Biogas Upgrading Equipment Market Definition And Segments

Biogas upgrading equipment refers to the machinery and technology used to purify raw biogas into high-quality biomethane or renewable natural gas (RNG), suitable for injection into the natural gas grid or use as a transportation fuel. They are essential for converting biogas from organic waste into a clean, renewable energy resource used in applications ranging from power generation and heating to vehicle fueling and industrial processes. The main types of biogas upgrading equipment are chemical scrubber, water scrubber, pressure swing adsorption (PSA), and membrane. Chemical scrubber is a device used to remove harmful gases or particulates from industrial exhaust streams or process gases. The feedstock includes municipal solid waste, agricultural residues, wastewater sludge, food waste, industrial organic waste, and others are used by wastewater treatment plants, landfills, agricultural digesters, industrial facilities, commercial and residential, and other end-users. The biogas upgrading equipment market covered in this report is segmented – 1) By Type: Chemical Scrubber, Water Scrubber, Pressure Swing Adsorption (PSA), Membrane 2) By Feedstock: Municipal Solid Waste, Agricultural Residues, Wastewater Sludge, Food Waste, Industrial Organic Waste, Other Feedstocks 3) By End-User: Wastewater Treatment Plants, Landfills, Agricultural Digesters, Industrial Facilities, Commercial And Residential, Other End-Users The biogas upgrading equipment market size has grown rapidly in recent years. It will grow from $1.86 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth in the historic period can be attributed to increasing demand to reduce co2 emissions, increasing demand for renewable natural gas, rising investments in biogas infrastructure, increasing rural development initiatives, growing public awareness about the benefits of biogas as a renewable energy. The biogas upgrading equipment market size is expected to see rapid growth in the next few years. It will grow to $3.93 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to growing environmental awareness, rising greenhouse gas emissions, rising demand for cleaner fuel, increasing renewable energy policies, demand for sustainable fuel. Major trends in the forecast period include new product innovation, technological advancements, focus on green energy solutions, integration with waste management systems, and integration with power-to-gas technologies.

Renewable Energy Driving Biogas Upgrading Equipment Market Growth

The increasing demand for renewable energy sources is expected to propel the growth of the biogas upgrading equipment market going forward. Environmental, economic, technological, and policy factors drive the growing demand for renewable energy sources, signaling a shift towards a more sustainable and resilient energy future. Biogas upgrading equipment plays a critical role in unlocking the potential of biogas as a renewable energy source, offering a sustainable solution for organic waste management, and contributing to the transition towards a more sustainable and resilient energy system. For instance, in April 2023, according to the Energy Information Administration (EIA), a US-based Federal Statistical System, in 2022, renewable energy production and consumption reached record highs, accounting for approximately 13% of total energy production and consumption, which is equivalent to 13.40 quads and 13.18 quads, respectively. Hydropower generation and geothermal energy use also saw a 4% increase in 2022 compared to the previous year. Therefore, increasing demand for renewable energy sources is driving the growth of the biogas upgrading equipment market. Major companies operating in the biogas upgrading equipment market are Veolia Environnement S.A., Air Liquide SA, Atlas Copco AB, Air Products and Chemicals Inc., Wärtsilä Oyj Abp, Schmack Carbotech GmbH, Pentair Plc, Eisenmann Corporation (Eisenmann SE), Plug Power, Hitachi Zosen Inova BioMethan GmbH (HZIB), Clean Energy Fuels Corp., EnviTec Biogas AG, HAASE Energietechnik GmbH (HAASE group), 2G Energy AG, Anaergia Inc., DP CleanTech Group Limited, Greenlane Renewables Inc., DMT Environmental Technology BV, Xebec Adsorption Inc., DVO Inc., Malmberg SE, Carbotech Gas Systems GmbH, Bright Biomethane B.V., Condorchem Envitech S.L., Jog Waste to Energy Private Limited, AAT Abwasser- und Abfalltechnik GmbH, Das Grüne Emissionshaus GmbH, Nacelle Logistics LLC (Avolta Renewable Holdings), NeoZeo AB

Innovative Biogas Upgrading Equipment For Agricultural And Landfill Gas Operations

Major companies operating in the biogas upgrading equipment market are increasing their focus on developing innovative products, such as VALKYRIE ECO and VALKYRIE ECO FLEX H2S for agricultural biogas and landfill gas (LFG) operations. VALKYRIE ECO is a fixed gas detector that provides continuous monitoring of H2S levels in industrial environments where the presence of this gas can pose a health and safety risk, whereas VALKYRIE ECO FLEX H2S is a portable gas detector that offers flexibility in monitoring H2S levels in different work environments. For instance, in May 2023, Streamline Innovations Inc., a US-based manufacturer of gas detection and monitoring equipment, launched VALKYRIE ECO and VALKYRIE ECO FLEX H2S, designed for H2S treatment in biogas-to-RNG (renewable natural gas) upgrading applications, offering an efficient and green H2S removal solution for upgrading biogas to RNG. Both solutions remove H2S in an environmentally friendly manner using TALON, a non-toxic and biodegradable redox chemistry. They are engineered to function efficiently in lower gas pressure settings, commonly encountered in landfill gas and biogas applications. Crucially, the modular design of the VALKYRIE ECO FLEX model enables users to gradually increase treating capacity based on different LFG gas stream quantities.

Strategic Industry Advancements In Biogas Upgrading Equipment Market

In February 2023, Shell Petroleum NV, a Netherlands-based oil and gas company, acquired Nature Energy Biogas A/S for $2 billion. This acquisition expands Shell's portfolio, integrated Renewable Natural Gas (RNG) value chain support, and expertise in biogas plant technology, significantly impacting the biogas upgrading equipment market with potential advancements and efficiency enhancements. Nature Energy Biogas A/S is a Denmark-based company that is involved in the production and upgrading of biogas. Europe was the largest region in the biogas upgrading equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biogas upgrading equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the biogas upgrading equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The biogas upgrading equipment market consists of sales of purification systems, efficient biogas compression units, high-efficiency methane separation units, and carbon capture technologies. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The biogas upgrading equipment market research report is one of a series of new reports from The Business Research Company that provides biogas upgrading equipment market statistics, including biogas upgrading equipment industry global market size, regional shares, competitors with a biogas upgrading equipment market share, detailed biogas upgrading equipment market segments, market trends and opportunities, and any further data you may need to thrive in the biogas upgrading equipment industry. This biogas upgrading equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Oil And Gas Automation Market Definition And Segments

Oil and gas automation refers to the implementation of digital technologies throughout the oil and gas industry to enhance competitiveness, reduce costs, and improve efficiency. It improves operational efficiency by streamlining processes, reducing manual interventions, and optimizing resource utilization The main components of oil and gas automation are hardware, software, and service. Hardware is the physical and electronic components of a computer, as opposed to the instructions it follows. The technologies include are distributed control system (DCS), enterprise resource planning (ERP), supervisory control and data acquisition (SCADA), machine execution system (MES), product lifecycle management (PLM), and programmable logic controller (PLC), and includes the processes such as midstream, upstream, and downstream. These are used in chemical and petrochemical, paper and pulp, water and wastewater treatment, energy, and utilities, oil and gas pharmaceutical, and others. The oil and gas automation market covered in this report is segmented – 1) By Component: Software, Service 2) By Technology, Distributed Control System (DCS), Enterprise Resource Planning (ERP), Supervisory Control And Data Acquisition (SCADA), Machine Execution System (MES), Product Lifecycle Management (PLM), Programmable Logic Controller (PLC) 3) By Process: Midstream, Upstream, Downstream 4) By Application, Chemical And Petrochemical, Paper And Pulp, Water And Waste Water Treatment, Energy And Utilities, Oil And Gas Pharmaceutical: Other Applications The oil and gas automation market size has grown strongly in recent years. It will grow from $20.63 billion in 2023 to $22.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increasing demand for energy, need for cost reduction, safety concerns, exploration and production challenges. The oil and gas automation market size is expected to see strong growth in the next few years. It will grow to $28.49 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing focus on operational efficiency, growing complexity of operations, rising adoption of digitalization, focus on environmental sustainability, shift towards remote operations. Major trends in the forecast period include increased adoption of advanced analytics, expansion of industrial iot (IoT) integration, rise of autonomous operations, shift towards cloud-based solutions, emphasis on cybersecurity.

Surging Oil And Gas Exploration Fuels Automation Market.

The surging oil and gas exploration activities are expected to propel the growth of the oil and gas automation market going forward. Oil and gas exploration activities refer to the systematic process of searching for underground deposits of oil and natural gas resources. Automation in the oil and gas industry delivers efficient, cost-effective, and safe solutions. With advanced analytics, automation aligns with industry goals for optimized, sustainable exploration practices. For instance, in 2021, according to the U.S. Energy Information Administration's (EIA), US-based government agency, annual U.S. crude oil production will average 11.1 million b/d in 2021 and expects crude oil production to increase in 2022 by 0.4 million b/d because of increased drilling as prices remain at or near $50 per barrel. Therefore, the surging oil and gas exploration activities are driving the growth of the oil and gas automation market. Major companies operating in the oil and gas automation market are BP Plc, Robert Bosch GmbH, Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., Schlumberger Limited, Johnson Controls International plc, Baker Hughes Inc., Eaton Corp PLC, Texas Instruments Inc., Cognizant Technology Solutions Corp., Alstom SA, Tyco International Ltd., Jacobs Engineering Group, Parker Hannifin Corporation, Emerson Electric Co., Rockwell Automation Inc., Dassault Systèmes SE, SNC-Lavalin Group Inc., Weatherford International Ltd., Black & Veatch Holding Company, TETRA Technologies Inc., Yokogawa Electric Corporation, Kongsberg Gruppen ASA, Petrofac Limited

Actuator Technology Reducing Carbon Footprint.

Major oil and gas automation companies are developing technological solutions, such as actuator solutions, to eliminate the carbon footprint and serve customers better with advanced features. Actuator solutions are used to eliminate the carbon footprint by implementing advanced technologies that reduce or eliminate the emissions of greenhouse gases associated with industrial processes, transportation, and energy production. For instance, in August 2023, Automation Technology Inc., a US-based valve automation manufacturer, launched a zero-emission actuator solution. The zero emission electro-hydraulic package provides a comprehensive method to reduce emissions without requiring a pipeline. Pipeline actuators employ pipeline gas to generate electricity, which is then released into the atmosphere. ATI's self-contained zero-emission electro-hydric system connects the power supply and actuator in a small package. The solution includes the actuator, pump, motor, manifold, reservoir, and all controls, which eliminate the need for gas as a power source.

Rockwell Automation Inc. Acquired Plex Systems Inc.

In September 2021, Rockwell Automation Inc., a US-based automation company, acquired Plex Systems Inc. for an undisclosed amount. With the acquisition, Rockwell Automation aims to expand its portfolio of industrial automation and digital transformation solutions. Plex Systems Limited is a UK-based software company that offers Software as a Service (SaaS) for oil and gas industry. North America was the largest region in the oil and gas automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oil and gas automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the oil and gas automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The oil and gas automation market consists of revenues earned by entities by providing services such as implementation of advanced technologies to streamline operations, reduce downtime, optimize resource use, and enhance safety and performance in the oil and gas industry. The market value includes the value of related goods sold by the service provider or included within the service offering. The oil and gas automation market also includes sales control systems, actuators, valves, sensors, and software solutions tailored to optimize operations and enhance efficiency in the oil and gas industry. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The oil and gas automation market research report is one of a series of new reports from The Business Research Company that provides oil and gas automation market statistics, including oil and gas automation industry global market size, regional shares, competitors with oil and gas automation market share, detailed oil and gas automation market segments, market trends, and opportunities, and any further data you may need to thrive in the oil and gas automation industry. This oil and gas automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Biomethane Market Definition And Segments

Biomethane is a type of biogas that is produced from organic materials through a process called anaerobic digestion or other biological processes. It offers several environmental benefits, including reducing greenhouse gas emissions, improving hygienic conditions, and reducing the risk of water pollution. The main types of biomethane are organic household waste, animal manure, energy crops, agricultural waste, sewage sludge, industrial food processing waste, and others. Organic household waste refers to biodegradable waste generated in households that primarily consists of organic materials derived from plants or animals. These are produced by anaerobic digestion, gasification, fermentation, and others and these are used by various end users such as automotive, power generation, industrial, and others. The biomethane market covered in this report is segmented – 1) By Feedstock : Organic household waste, Animal manure, Energy crops, Agricultural waste, Sewage sludge, Industrial food processing waste, Other Feedstocks 2) By Production Method: Anaerobic Digestion, Gasification, Fermentation, Other Production Methods 3) By End User: Automotive, Power Generation, Industrial, Other End Users The biomethane market size has grown strongly in recent years. It will grow from $3.53 billion in 2023 to $3.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increased renewable energy targets, increased waste management policies, increased energy security, increased circular economy initiatives, increased decarbonization efforts, increased infrastructure development, increased market demand and acceptance. The biomethane market size is expected to see strong growth in the next few years. It will grow to $4.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing climate policy ambitions, increasing green gas mandates, increasing circular bioeconomy strategies, increasing urban air quality improvement, increasing biofuel market expansion, increasing sustainability certification and traceability. Major trends in the forecast period include growing interest in renewable fuel alternatives, expansion of biogas upgrading facilities, adoption as a clean fuel for transportation, integration with organic waste management systems, development of sustainable supply chains, expansion of biomethane injection, collaboration between governments and industry stakeholders, innovation in production technologies, adoption of certification schemes.

Rising Demand For Clean Fuel Boosts Biomethane Market Growth

The rising preference for clean and green fuels is expected to propel the growth of the biomethane market going forward. Clean and green fuel refers to energy sources that are environmentally friendly and sustainable, emitting minimal pollutants or greenhouse gases during their production and consumption. The demand for clean and green fuels is increasing as they serve as an environmentally friendly and sustainable alternative to conventional fossil fuels. Biomethane as a clean energy source offers a range of benefits that align with environmental sustainability, economic development, and social well-being. For instance, in June 2023, according to the Energy Information Administration (EIA), a US-based government agency, nonfossil fuel energy sources constituted 21% of U.S. energy consumption in 2022, reflecting a 3% rise compared to the previous year. This increase was driven by a significant contribution from nonfossil fuel sources, including renewables and nuclear, which collectively accounted for 21% of the nation's energy consumption in 2022. Therefore, the rising preference for clean and green fuel is driving the growth of the biomethane market. Major companies operating in the biomethane market are E.ON SE, Air Liquide S.A, The Southern California Gas Company, VERBIO SE, Société Générale de Surveillance, Veolia Group, Envitec Biogas AG, Orbital Gas Systems, Future Biogas Ltd., Green Gas International, ETW Energietechnik GmbH, Biokraft International AB, Gasrec Ltd., PlanET Biogas Global GmbH, CNG Services Ltd., Biogas Products Ltd., Nature Energy, Landwärme GmbH, AB HOLDING SPA, ENVO Group, Cryon Purr, Schmack Carbotech GmbH

Major Companies Invest In Biomethane Production Facilities For Sustainable Energy And Environmental Solutions

Major companies operating in the biomethane market are increasing their focus on developing new biomethane production facilities to maximize their profitability in the market. Biomethane production facilities are installations designed for the generation of biomethane, a renewable natural gas derived from organic materials, through processes like anaerobic digestion or other biological means. For instance, in September 2023, CycleO Group Limited, a UK-based biomethane production company, launched the first biomethane plant with ammonia stripping in Spain. The plant will convert manure into sustainable ammonium nitrate and sulfate, which can be used as fertilizer. It has a maximum production capacity of 15,000 MWh per year and is CycleØ’s second operational installation in Spain and the company’s first fully developed, owned, built, and operated facility in the country. This plant will help reduce nitrate pollution and emissions on the local farm.

Engie SA Enhances Biomethane Portfolio With Acquisition Of Ixora Energy Ltd.

In September 2023, Engie SA, a France-based utility company, acquired Ixora Energy Ltd. for an undisclosed amount. This acquisition strengthens ENGIE's biomethane presence in Europe and adds three new production units to its portfolio, which are located in Devon and Somerset, collectively generating approximately 160 GWh/y of biomethane. Ixora Energy Ltd. is a UK-based company that specializes in biomethane production. Europe was the largest region in the biomethane market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the biomethane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the biomethane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The biomethane market consists of sales of biogasoline, bio-compressed natural gas (bio-CNG), and fertilizer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The biomethane market research report is one of a series of new reports from The Business Research Company that provides biomethane market statistics, including biomethane industry global market size, regional shares, competitors with a biomethane market share, detailed biomethane market segments, market trends and opportunities, and any further data you may need to thrive in the biomethane industry. This biomethane market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Connected Oilfield Market Definition And Segments

A connected oilfield is a solution that leverages information and communications technology (ICT), digital technologies and communication networks within oilfield operations to improve efficiency, productivity, safety, and decision-making processes. The purpose of a connected oilfield is to leverage technology-based methods to enhance oil recovery from the seabed by utilizing improved data analysis, software. The main types of solutions in connected oilfields are hardware, software and service, and data storage solutions. Hardware refers to the physical components of a computer system or electronic device that can be touched and manipulated. It includes different processes such as reservoir, production, drilling optimization, and safety management and is used in various applications, such as onshore and offshore. The connected oilfield market covered in this report is segmented – 1) By Solution: Hardware, Software And Service, Data Storage Solutions 2) By Processes: Reservoir, Production, Drilling Optimizations, Safety Management 3) By Application: On Shore, Off Shore The connected oilfield market size has grown strongly in recent years. It will grow from $24.76 billion in 2023 to $26.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to evolution of communication networks, adoption of supervisory control and data acquisition (SCADA) systems, growth of data analytics, safety and risk management, energy transition. The connected oilfield market size is expected to see strong growth in the next few years. It will grow to $33.16 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to demand for operational efficiency, data-driven decision making, regulatory compliance, remote workforce management, supply chain optimization. Major trends in the forecast period include integration of digital twins, enhanced cybersecurity measures, remote operations optimization, hybrid connectivity solutions.

Surging Oil And Gas Exploration Fuels Connected Oilfield Market.

The surging oil and gas exploration activities are expected to propel the growth of the connected oilfield market going forward. Oil and gas exploration activities refer to the systematic process of searching for underground deposits of oil and natural gas resources. Oil and gas exploration is critical to fueling the connected oilfield because it provides the primary data for maximizing oil recovery and operational efficiency. The exploration efforts help to increase oil recovery from the seabed by using better data analysis, software, and technology. For instance, in 2021, according to the U.S. Energy Information Administration's (EIA), US-based government agency, annual U.S. crude oil production will average 11.1 million b/d in 2021 and expects crude oil production to increase in 2022 by 0.4 million b/d because of increased drilling as prices remain at or near $50 per barrel. Therefore, the surging oil and gas exploration activities are driving the growth of the connected oilfield market. Major companies operating in the connected oilfield market are China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, Chevron Corporation, BP plc, GAZPROM PAO, Equinor ASA, Ente Nazionale Idrocarburi Società per Azioni., ConocoPhillips, Repsol SA, Occidental Petroleum Corporation, PJSC Lukoil, Schlumberger Limited, Pioneer Natural Resources, Baker Hughes Company, Kinder Morgan Inc., Devon Energy, Woodside Petroleum, Enbridge Inc., Hess Corporation, TC Energy Corporation, Apache Corporation, Rosneft Oil Company, Marathon Oil Corporation

Digital Oilfield Solutions Transforming Upstream Operations For Efficiency And Innovation

Major companies operating the connected oilfield are focusing on developing innovative solution such as upstream digital oilfield solutions to drive operational excellence, maximize profitability, and maintain competitiveness in a rapidly evolving market landscape. It is a solution with advanced technological tools and systems designed to optimize operations in the upstream segment, such as exploration and production of the oil and gas industry. For instance, in June 2022, mCloud Technologies Corp., a US-based software company, launched upstream digital oilfield solutions known as AssetCare digital oilfield solutions in United State. mCloud's AI technology continuously optimizes these solutions to enhance operational efficiency and performance in the oil and gas industry. It utilizes cloud-based AI to automate production management, continually optimize wellsite performance, and drive predictive maintenance. This strategic move signifies a significant step towards leveraging advanced digital technologies to streamline operations and maximize productivity in the upstream oilfield sector.

NextMart Inc. Bolsters Oilfield Dominance With Defender Contracting Acquisition

In February 2022, NextMart Inc., a US-based oilfield service business company, acquired Defender Contracting LLC for an undisclosed amount. This acquisition aims to strengthen its position in the oilfield services market, particularly within the permian basin. It also hopes to gain operational capacity, expand its service portfolio, access a strategic location, leverage an experienced workforce, and support its overall acquisition strategy. Defender Contracting LLC is a US-based oil field services company specializing in providing connected oilfield services, including bulk oil transportation and environmental services. North America was the largest region in the connected oilfield market in 2023. The regions covered in the connected oilfield market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the connected oilfield market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The connected oilfields market includes revenues earned by entities by providing services such as real-time monitoring, predictive maintenance, remote operations, data analytics, asset optimization, environmental monitoring, and safety management. The market value includes the value of related goods sold by the service provider or included within the service offering. The connected oilfields market also includes sales of communication devices, remote monitoring systems, predictive maintenance tools, environmental monitoring equipment, safety management solutions, and integrated control systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The connected oilfield market research report is one of a series of new reports from The Business Research Company that provides connected oilfield market statistics, including connected oilfield industry global market size, regional shares, competitors with a connected oilfield market share, detailed connected oilfield market segments, market trends and opportunities, and any further data you may need to thrive in the connected oilfield industry. This connected oilfield market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.