Oil And Gas Industry’s Trending Markets – By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
LONDON, Aug. 24, 2023 (GLOBE NEWSWIRE) -- As per The Business Research Company's analysis, the oil and gas market is on a trajectory of substantial growth, projected to reach a valuation of $8,670.91 billion in 2027, with a notable compound annual growth rate (CAGR) of 4.3%. Positive effects of low interest rates in developed countries are projected to boost the oil and gas industry throughout the forecast period.
In this dynamic landscape, where staying abreast of evolving trends and market insights is pivotal, reports from The Business Research Company (TBRC) play a crucial role for businesses. These reports provide comprehensive and up-to-date information, enabling businesses to make informed decisions, formulate strategies, and capitalize on emerging opportunities.
Explore The Business Research Company's top eleven market reports in the oil and gas industry that will help you stay relevant in the competition:
1. Natural Gas Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/natural-gas-global-market-report
The natural gas market's dimensions are projected to surge from $1372.08 billion in 2027, showcasing a compound annual growth rate (CAGR) of 7.5%.
The upswing within the natural gas market can be attributed to heightened global economic engagement. This growth is bolstered by amplified electricity consumption and the escalated demand for refined petroleum in developing nations, collectively serving as driving forces for the market's future trajectory.
2. Aviation Fuel Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/aviation-fuel-global-market-report
The size of the aviation fuel market is anticipated to reach $399.87 billion by 2027, with a compound annual growth rate (CAGR) of 16.5%.
The surge in global air transportation is propelling the advancement of the aviation fuel market.
3. Base Oil Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/base-oil-global-market-report
As per TBRC analysis of the base oil market, the introduction of renewable base oil is experiencing notable traction within the base oil market. Prominent firms within the base oil sector are directing their efforts towards creating inventive and environmentally friendly base oil solutions to enhance their standing within the industry.
4. Biofuels Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/biofuels-global-market-report
The dimensions of the biofuels market are anticipated to reach $220.87 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 7.1%.
The escalation in petroleum prices is forecasted to drive the expansion of the biofuel market.
5. Emission Monitoring System Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/emission-monitoring-system-global-market-report
The dimensions of the emission monitoring system market are forecasted to reach $4.89 billion by 2027, with a compound annual growth rate (CAGR) of 9.4%.
The burgeoning requirements from the oil and gas, as well as power generation sectors, are predicted to drive the growth of the emission monitoring systems market. In India, the surge in natural gas consumption is anticipated due to its cleaner combustion properties compared to fossil fuels, and its ease of storage.
6. Gas Mixtures Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/gas-mixtures-global-market-report
The gas mixtures market is projected to reach a valuation of $51.53 billion by 2027, growing at a compound annual growth rate (CAGR) of 7.3%.
The ascending demand for electronics products is poised to boost the expansion of the gas mixtures market in the future. Electronic products pertain to software products that are accessible via electronic channels.
7. Level Gauge Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/level-gauge-global-market-report
Technological progress has emerged as a prominent trend garnering traction within the level gauge market. The evolution of automated level gauges seamlessly incorporating sensors has stimulated the demand for such gauges. The market is currently experiencing the incorporation of radar-based gauges equipped with sensors, facilitating monitoring and real-time assessment of pricing.
8. Marine Lubricants Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/marine-lubricants-global-market-report
The marine lubricants market is poised to reach a valuation of $13.51 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 12.4%.
The surge in demand for bio-based lubricants is anticipated to drive the progression of the marine lubricants market. Bio-lubricants encompass lubricants that biodegrade rapidly, dissolve easily, and pose no harm to humans or aquatic environments.
9. Offshore Support Vessel Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/offshore-support-vessel-global-market-report
The dimensions of the offshore support vessel market are anticipated to reach $31.62 billion by 2027, with a compound annual growth rate (CAGR) of 5.0%.
The rising endeavors in exploration and production within the oil and gas sector are forecasted to drive the expansion of the offshore support vessel market.
10. Oil Accumulator Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/oil-accumulator-global-market-report
The oil accumulator market is projected to attain a value of $62.96 billion by 2027, expanding at a compound annual growth rate (CAGR) of 6.9%.
The surge in exploration and production undertakings is foreseen to drive the advancement of the oil accumulator market in the forthcoming period.
11. Petroleum Coke Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/petroleum-coke-global-market-report
The expansion within the cement industry is set to underpin the progression of the petroleum coke market. The upsurge in cement demand, driven by heightened requirements in sectors like housing, commercial development, and industrial construction, has stimulated growth. Within the cement sector, petroleum coke is harnessed as an energy source. Notably, in certain cement plants that exclusively utilize pet coke instead of coal, the sulfur dioxide (SO2) released during thermal decomposition is absorbed by the limestone.
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