Oil and Gas Coverage

Algae Biofuel Market Definition And Segments

Algae biofuel refers to renewable energy produced from algae through cultivation, harvesting, and conversion processes. Algae accumulate oils or lipids that can be extracted and processed into biofuels. Algae biofuels are an alternative to conventional fossil fuels because algae can grow rapidly and abundantly in diverse environments, providing a potentially sustainable energy source while reducing greenhouse gas emissions. The main types of algae biofuels are bioethanol, methane, biodiesel, green diesel, jet fuel, bio gasoline, biobutanol, and others. Bioethanol refers to an alcohol variant that is derived from various cellulose-rich plants like sugar cane, sugar beet, or certain grains such as corn. The production methods used for algae biofuel are harvesting and cultivation, and it is used for various applications such as the aerospace and aviation sectors, transportation sectors, and others. The algae biofuel market covered in this report is segmented – 1) By Type: Bioethanol, Methane, Biodiesel, Green Diesel, Jet Fuel, Bio gasoline, Biobutanol, Other Types 2) By Production Method: Harvesting, Cultivation 3) By Application: Aerospace And Aviation Sector, Transportation Sectors, Other Applications The algae biofuel market size has grown strongly in recent years. It will grow from $7.84 billion in 2023 to $8.55 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to growing awareness of climate change, concerns over energy independence, fluctuations in global oil prices, growing interest from venture capitalists, and increased public awareness of environmental issues. The algae biofuel market size is expected to see strong growth in the next few years. It will grow to $12.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to corporate sustainability initiatives, rising demand for aviation and marine biofuels, investments in research and development, collaborations between biotechnology firms, anticipated regulations favoring renewable fuels. Major trends in the forecast period include commercial-scale production, integration of algae biofuel production within circular economy frameworks, increased collaborations between biotechnology firms, entry of new startups and companies, growing demand for sustainable aviation fuels (SAF).

Rising Need For Renewable Energy Drives Algae Biofuel Market Expansion

The growing demand for renewable energy sources is expected to propel the growth of the algae biofuel market going forward. Renewable energy refers to clean energy from natural sources or mechanisms undergoing continuous replenishment. The growing demand for renewable energy sources is due to increasing awareness of climate change, declining costs of renewable energy technologies, and growing public support for sustainable practices. Algae biofuel offers a sustainable alternative to fossil fuels by utilizing photosynthesis to convert CO2 into energy-rich compounds, potentially reducing greenhouse gas emissions and reliance on finite resources. Its scalability, versatility, and potential for carbon neutrality make it a promising component of the renewable energy landscape. For instance, in January 2024, according to Eurostat, a Luxembourg-based government agency and Directorate-General of the European Commission, the share of renewable energy in the EU's energy consumption increased to 23.0% in 2022, up from 21.9% in 2021. Therefore, the growing demand for renewable energy sources is driving the growth of the algae biofuel market. Major companies operating in the algae biofuel market report are Neste Inc; Alfa-Laval AB; Pond Technologies Inc.; Intertek Group plc; EPCM Holdings; PetroTech Holdings Corp.; Synthetic Genomics Inc.; Joule Unlimited Inc.; Reliance Life Sciences Pvt. Ltd.; Algenol Biotech LLC; Heliae Development LLC; Solazyme Inc.; Aurora Biofuels Inc.; AlgaEnergy N.A. Inc.; Sapphire Energy Inc.; Algae Systems LLC; Inventure Renewables Inc.; Genifuels Corporation; Culture BioSystems Inc.; Solix Biofuels Inc.; HutanBio Limited; GreenFuel Technologies Corporation; Cellana Inc.; Manta Biofuel Inc.

Advancing Next-Generation Algae Biofuels For Sustainable Energy Solutions

Major companies operating in the algae biofuels market are focusing on developing advanced products such as next-generation biofuels from microalgae that absorb CO2, to gain a competitive edge in the market. Next-generation biofuels derived from microalgae offer a promising solution for sustainable energy production. These microorganisms have the unique ability to absorb CO2 during their growth, mitigating greenhouse gas emissions. For instance, in July 2021, TotalEnergies SE, a France-based energy and petroleum company, and Veolia Environment S.A., a France-based utility company, launched a four-year research project to develop microalgae-based biofuels with low carbon intensity. TotalEnergies will leverage its expertise in biofuel production and carbon capture, while Veolia will provide its knowledge in water management to optimize the aquatic environment for microalgae growth. The project aims to accelerate the development of microalgae cultivation using CO2 at TotalEnergies' La Mède biorefinery.

Exxon Mobil Corporation Partners With Viridos Inc. On Algae Biofuel Exploration

In February 2022, Exxon Mobil Corporation, a US-based oil and gas firm, partnered with Viridos Inc. for algae biofuel research. The partnership aims to bring sustainable algae biofuel technology closer to commercial deployment with the potential to facilitate significant reductions in greenhouse gas (GHG) emissions in the heavy transportation sector. Viridos Inc. is a US-based biotechnology company that focuses on developing renewable algae-based biofuels and transformative solutions. North America was the largest region in the algae biofuel market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the algae biofuel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the algae biofuel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The algae biofuel market consists of sales of liquid biofuels, solid biofuels, and chemical feedstocks. 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 algae biofuel market research report is one of a series of new reports from The Business Research Company that provides algae biofuel market statistics, including algae biofuel industry global market size, regional shares, competitors with a algae biofuel market share, detailed algae biofuel market segments, market trends and opportunities, and any further data you may need to thrive in the algae biofuel industry. This algae biofuel 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.

Landfill Gas Capture And Utilization Market Definition And Segments

Landfill gas capture and utilization refers to the process of collecting methane emissions from landfills and converting them into energy or other usable forms. This process helps reduce the environmental effects of landfill gas emissions such as greenhouse gas emissions and air pollution, while also utilizing the potential energy content of waste gas for positive purposes. The main fuel types for landfill gas capture and utilization are landfill gas, medium-btu, and renewable natural gas. Landfill gas refers to the mixture of gases generated by the decomposition of organic waste in landfills, primarily composed of methane and carbon dioxide. Landfill gas is a valuable resource that can be captured and utilized to produce energy, reducing emissions and mitigating environmental impact. The technologies included are gas collection systems, gas treatment used in several applications such as electricity generation, thermal or heat generation, and fuels. The landfill gas capture and utilization market covered in this report is segmented – 1) By Product Type: Landfill Gas, Medium-Btu, Renewable Natural Gas 2) By Technology: Gas Collection Systems, Gas Treatment 3) By Application: Electricity Generation, Thermal Or Heat Generation, Fuels The landfill gas capture and utilization market size has grown strongly in recent years. It will grow from $2.77 billion in 2023 to $2.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to increased environmental awareness, rise in regulatory pressure, growth in demand for renewable energy, increased landfill gas emissions, rise in energy costs. The landfill gas capture and utilization market size is expected to see strong growth in the next few years. It will grow to $4.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing waste generation rates, growing public awareness, increasing collaboration across industries, rising energy demand, increasing urbanization. Major trends in the forecast period include technological advancements, adoption of sustainable landfill management practices, integration of renewable natural gas, and microbial fuel cells.

Renewable Energy Revolution Drives Growth In Landfill Gas Capture And Utilization

The rising demand for renewable energy is expected to propel the growth of the landfill gas capture and utilization market going forward. Renewable energy is defined as energy obtained from natural resources that regenerate on a human timescale such as sunshine, wind, rain, tides, waves, and geothermal heat. The demand for renewable energy is rising due to environmental awareness, policy support, and corporate sustainability goals. Landfill gas capture and utilization meet renewable energy demand by harnessing the potential of methane gas emitted from decomposing organic waste in landfills. For instance, in December 2023, according to the Department for Energy Security and Net Zero, a UK-based government department, renewable electricity generation reached a record high of 39.9 terawatt-hours in the fourth quarter of 2023, marking a 4.9% increase compared to the same period in 2022. Moreover, renewables reached a new high, accounting for 47.3% of electricity generation. Therefore, the rising demand for renewable energy is driving the growth of the landfill gas capture and utilization market. Major companies operating in the landfill gas capture and utilization market report are BP PLC; Veolia Environnement SA; Enbridge Inc.; NextEra Energy Inc.; Waste Management Inc. (WM); DTE Energy; Republic Services Inc.; CenterPoint Energy Inc.; Waste Connections Inc.; Clean Harbors Inc.; GFL Environmental Inc.; Covanta Holding Corporation; Progressive Waste Solutions Ltd.; Ameresco Inc.; Advanced Disposal Services Inc.; Enerflex Ltd.; Chengtou Holding Co. Ltd.; Casella Waste Systems Inc.; Waste Pro USA Inc; EDL; Wheelabrator Technologies Inc.; Montauk Renewables; QED Environmental Systems Inc.; Walker Energy Services

The Impact Of Landfill Gas Capture And Utilization On Greenhouse Gas Emissions Reduction And Sustainable Waste Management

Major companies in the landfill gas capture and utilization market are investing in building advanced energy generation technologies such as RNG (renewable natural gas) facilities at landfills, to maximize methane utilization, reduce greenhouse gas emissions, and promote sustainable waste management. RNG facilities at landfills refer to infrastructure built to capture and process methane emissions from decomposing organic waste in landfills, purifying it into RNG, or biomethane. For instance, in May 2023, Vespene Energy, a US-based renewable energy company focused on the utilization of landfill methane emissions, in partnership with Viridi Energy, a US-based full-service renewable natural gas platform, launched their first joint pilot site using landfill methane emissions to power onsite data processing. The project aims to transform landfill methane emissions into power by utilizing efficient energy-producing equipment. By doing so, the project hopes to cut greenhouse gas emissions while also raising funds to finance the construction of a renewable natural gas facility at the dump.

BP Acquired Archaea Energy To Strengthen Its Renewable Energy Potential

In December 2022, BP PLC, a UK-based oil and gas company, acquired Archaea Energy for an undisclosed amount. The acquisition aims to expand and accelerate the growth of BP's strategic bioenergy business and enhance its ability to support customers' decarbonization goals and progress. Archaea Energy is a US-based renewable natural gas company specializing in capturing landfill gas and converting it into renewable natural gas (RNG). North America was the largest region in the landfill gas capture and utilization market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the landfill gas capture and utilization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the landfill gas capture and utilization market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The landfill gas capture and utilization market consists of revenues earned by entities by providing services such as engineering and consulting, gas treatment and purification, and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The landfill gas capture and utilization market also includes sales of gas collection systems, gas treatment equipment, and data management 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 landfill gas capture and utilization market research report is one of a series of new reports from The Business Research Company that provides landfill gas capture and utilization market statistics, including landfill gas capture and utilization industry global market size, regional shares, competitors with a landfill gas capture and utilization market share, detailed landfill gas capture and utilization market segments, market trends and opportunities, and any further data you may need to thrive in the landfill gas capture and utilization industry. This landfill gas capture and utilization 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.

Sunflower Oil Market Definition And Segments

Sunflower oil is a popular cooking oil extracted from the seeds of the sunflower plant (Helianthus annuus). It is known for its mild flavor, light texture, and high smoke point, making it suitable for frying, baking, and salad dressings. Sunflower oil is rich in vitamin E and low in saturated fats, making it a healthier option compared to some other cooking oils. The main types of sunflower oil are linoleic oil, mid-oleic oil, and high-oleic oil. Linoleic oil is a type of sunflower oil rich in linoleic acid, an essential omega-6 fatty acid, which is beneficial for heart health and overall well-being. It can be distributed through online channels, supermarkets, and convenience stores for various applications, including cooking, cosmetics, personal care, and others. And it includes various end users such as industrial, food services, and household. The sunflower oil market covered in this report is segmented – 1) By Type: Linoleic Oil, Mid-oleic Oil, High-oleic Oil 2) By Distribution Channel: Online Channels, Supermarkets Or Hypermarkets, Convenience Stores 3) By Application: Cooking, Cosmetics, Personal Care, Others Applications 4) By End-User: Industrial, Food Services, Household The sunflower oil market size has grown strongly in recent years. It will grow from $25.12 billion in 2023 to $28.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to the diversification of applications, availability, and affordability, marketing and promotion, and international trade. The sunflower oil market size is expected to see strong growth in the next few years. It will grow to $35.26 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rising population and urbanization, preference for plant-based products, expansion in the food processing industry, healthier cooking alternatives, and sustainable sourcing and production. Major trends in the forecast period include a shift towards healthier oils, diversification of applications, premiumization, climate change impacts, and product innovation.

Expansion Of Food Service Sector Driving Growth Of Sunflower Oil Market

The expansion of the food service sector is expected to propel the growth of the sunflower oil market going forward. The food service sector encompasses businesses involved in preparing, serving, and selling food and beverages to consumers for immediate consumption. The expansion of the food service sector is due to the changing lifestyles, cultural shifts, demand for convenience, diverse culinary offerings, and social media influence. Sunflower oil's popularity and versatility make it a top choice for food preparation in restaurants, cafes, and fast-food chains, with its high smoke point and healthier fat profile contributing to its widespread use. For instance, in February 2024, according to the United States Department of Agriculture, a US-based federal agency, in 2022, food expenditures represented 12.8% of spending for U.S. households, marking a rise from 12.4% in 2021. Therefore, the expansion of the food service sector is driving the growth of the sunflower oil market. Major companies operating in the sunflower oil market report are Cargill Incorporated; Archer Daniels Midland Company; Procter & Gamble (P&G); Wilmar International Limited; Bunge Global SA; Unilever PLC; Louis Dreyfus Company; COFCO Corporation; CHS Inc.; Liuhe Corporation; Seaboard; Avril Group; The J.M. Smucker Company; Gruppo Cremonini; Kernel Holding S.A; Aceitera General Deheza; PPB Group Berhad; Molinos Río de la Plata; Gavilon's; Oleon; AA International Inc.; Risoil SA ; ACH Food Companies; EFKO Group

Fiona Refined Sunflower Oil With Enhanced Vitamin Transfer For Health-Conscious Consumers.

Major companies operating in the sunflower oil market are focusing on developing innovative products such as Fiona Refined Sunflower Oil, to gain a competitive edge in the market. Fiona Refined Sunflower Oil is designed to ensure up to a remarkable 50% higher transfer of vitamins from the oil to food compared to regular sunflower oils available on the market. For instance, in November 2023, Bunge India Private Ltd., an India-based agribusiness and food company, launched Fiona Refined Sunflower Oil in Odisha as part of its expansion strategy. This oil is enriched with essential vitamins A, D, E, and K, crucial in maintaining good health and well-being. Due to its high smoke point, this oil is suitable for roasting, stir-frying, and deep-frying, making it a versatile choice for various cooking methods.

Bunge Global SA Acquires Aceitera Martínez S.A. To Bolster Position In Edible Oil Market

In February 2024, Bunge Global SA, a US-based food company, acquired Aceitera Martínez S.A. for an undisclosed amount. The acquisition will help Bunge Global strengthen its presence and offerings in the edible oil market. Aceitera Martínez S.A. is an Argentina-based company that specializes in providing edible oils, including sunflower oil. Europe was the largest region in the sunflower oil market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sunflower oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sunflower oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The sunflower oil market consists of sales of refined sunflower oil, unrefined sunflower oil, and organic sunflower oil. 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 sunflower oil market research report is one of a series of new reports from The Business Research Company that provides sunflower oil market statistics, including sunflower oil industry global market size, regional shares, competitors with a sunflower oil market share, detailed sunflower oil market segments, market trends and opportunities, and any further data you may need to thrive in the sunflower oil industry. This sunflower oil 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.

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.