The major drivers of oil refinery are growing demand of petroleum product, more money is being invested in refinery construction, expansion, and upgrades to meet the rising demand for petroleum products, the demand for gasoline and gas oil has risen dramatically as the number of automobiles in various countries has increased, minimise reliance on refined petroleum products supplied from other countries.
Biomethane, hydrogen, and gas with carbon capture could all play a role in helping countries and regions make the transition to a low-carbon economy, helping to decarbonize sectors of the economy that are currently considered “hard to abate” and providing opportunities for long-term growth for the gas industry.
We predict strong revenue growth through to 2032. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
Some of the factors driving the market growth are growing global demand for energy leading to greater use of nuclear operations which eventually leads to increasing radioactive waste.
As the development of marine resources moves further offshore and into deep sea regions, there is a growing demand for multi-purpose offshore support vessels that can not only transport cargo to and from offshore floating facilities, but also perform mooring, installation, and firefighting operations in a variety of offshore environments.
Rapid increase in the shale production that requires hydraulic fracturing is the key driving factor for the growth of horizontal segment of the global well intervention market.
The demand for energy-efficient systems that can transport crude oil and gas to processing plants, as well as increased investments in subsea projects, will drive the global market for subsea umbilicals, risers, and flowlines to grow.
The growth of the geothermal energy market is being driven by rising electrical security concerns as a result of clean and environmentally beneficial supplies.
The combination of the Coronavirus (COVID-19) and the oil price shock is particularly damaging to oil-exporting developing countries at a time when the fossil fuel industry is experiencing structural collapse.
A modern natural gas treatment processing plant has been developed on the site. Such oil and gas exploration and production activities are projected to propel the growth of the oil and gas leak detection market in the coming years.
