Big Data Services Market

Big Data Services Market Growth, Trends, Key Players, Competitive Strategies and Forecasts 2017 – 2025 – Credence Research


According to a new market report published by Credence Research “Global Big Data Services Market for Oil & Gas Industry – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Big Data Services Market for Oil & Gas Industry is expected to reach US$ 33.5 Bn by 2023, expanding at a CAGR of 17.3% between 2016 to 2023.

Market Insights

Big Data in oil & gas refers to the large volume of data generated at high velocity in variety of format such as structured, unstructured data generated by various processes and financial transactions in oil & gas industry. Volatile oil prices and increasing competition in oil & gas industry has derived the need for smart decision making using big data analytics as a tool.

Browse the full Global Big Data Services Market for Oil & Gas Industry by Component, Application and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/big-data-services-market

Early adopters of the big data services using big data to create various predictive models from images of earth surface to forecast the availability of oil and also track activities of well operations such as production rate, pressure and equipment performance for efficient operations by reducing non-productive time. Big data is used to derive meaningful information for better decision making using various analytical tools and techniques.

Big data services market is expected to gain robust growth over the forecast period by virtue of low profit margins due to high competition and volatile oil prices coupled with development of non-conventional exploration and production techniques for oil recovery form shale rock. Introduction of cloud based storage along with development of various storage solutions such as Hadoop Distributed File System (HDFS) has provided the platform to store variety of data. Various big data service provider offers professional services to the oil companies to help them in choosing right big data solution matching their business requirements. Increasing awareness about the big data and associated advantages coupled with increasing competition are anticipated to augment the demand big data services for oil & gas industry during the forecast period (2016-2023). However, shrinking IT budget due to slowdown in oil & gas industry is expected to restrain the growth of big data services market during the forecast period (2016-2023).

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Competitive Insights:

Global big data services for oil & gas industry is segmented on the basis of component, application and geography. By component, services segment is projected to be the most dominant segment as oil & gas companies are seeking assistance in selecting the right infrastructure suiting their business requirements. Considering application, the upstream segment is anticipated to be the largest segment over the forecast period (2016-2023) owing to increasing complexity in exploration and production of oil & gas from shale rocks and deep water drilling coupled with high involvement of capital expenditure. The key players in the market are focusing on training & development for increasing awareness about big data along with development of new software to match the business requirements of the oil & gas industry.

Overall, global big data services market for oil & gas industry is projected to register robust growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Development of new products
  • Trainings & development programs

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

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Fire Protection Systems Market

Fire Protection Systems Market Forecast And opportunities Trends, Size, Drivers 2017 – 2025 – Credence Research


According to a new market report published by Credence Research “Global Fire Protection System Market for Oil & Gas Industry- Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Fire Protection System Marketfor Oil & Gas Industry is expected to reach US$ 8.7Bn by 2023, expanding at a CAGR of 6.8% during the forecast period 2016 to 2023.

Market Insights

Fire protection system refers to the system used to prevent or extinguish fire the spread of fire. Oil & gas operations in highly hazardous in nature and hence need additional level of preventionin order to avoid any uncontrolled fire or spillage. Fire protection systems are widely used in oil & gas installations and is one of the mandatory requirements.

Browse the fullGlobal Fire Protection System Market for Oil & Gas Industryby Product Type, Application, Technologyand Geography- Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/fire-protection-system-market

Fire protection system market for oil & gas industry to gain momentum with increasing operational activities in oil & gas installation coupled with the growing exploration and production activities is anticipated to drive the demand for fire protection systems in oil & gas industry. Further, growing concerns to prevent accidents influencing regulatory bodies to enforce policies to mandatorily use of fire protection system to restrict any fire or oil spill during oil & gas operations. Moreover, increasing demand for fossil fuels along with development of automated fire protection system is expected to augment the growth of global fire protection system over the forecast period. However, high installation cost along with volatileoil prices restraining further investment in new projects which in turnis expected to hamper the growth of fire protection system market for oil & gas industry during the forecast period (2016-2023).

Competitive Insights:

Global fire protection system market for oil & gas industry is segmented on the basis of product type, application, technology and geography. By product type, fire managementsystem segment is projected to be the most dominant segment with due to high adoption of fire extinguisher and sprinklers system in oil & gas installations.Followed by it, fire analysis is expected to be the fastestgrowing segment due to increasing demand for fire analysis software in order find the root cause for the accident occurred in past. Thus, helping decision maker to take more effective. The segment is anticipated to gain significant market share by 2023.

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The key players in the market are focusing onincreasing their market penetration through mergers and acquisitions of small players. Further, market is expected to witness development of new products as leading players in the fire protection system market are investing significant amount in research and development to make fire protection system more effective.

Overall, global fire protection system market for oil & gas industryis projected to register significant growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Investment in research and development

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Artificial Lift Systems Market

Artificial Lift Systems Market Forecast And opportunities Trends, Size, Drivers 2017 – 2025 – Credence Research


​According to a new market report published by Credence Research “Global Artificial Lift System Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Artificial Lift System Market is expected to reach US$ 19.8 Bn by 2023, expanding at a CAGR of 4.7% during the forecast period 2016 to 2023.

Market Insights

Artificial lift system in oil & gas industry refers to use of artificial means to increase to flow of the crude oil from the well. Artificial lift system is a kind of enhanced oil recovery technique widely used to improve the well productivity especially for matured reserves as well as reserves with high viscosity crude oil. Artificial lift system is low cost conventional enhanced oil recovery technique used to improve production from oil well. It is done through various methods such as increasing extraction rate using submersible pumps which is the most popular artificial lifting method. Other methods such as rod lift, gas lift and progressive cavity pumps are expected to gain traction over the forecast period.

Browse the full Global Artificial Lift System Market by Type and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/artificial-lift-system-market

Artificial lift system market is expected to gain impulse with growing demand for fossil fuel coupled with increasing number of mature reserves across the globe expected to drive the demand of artificial lift system. Further, volatile oil prices influencing oil companies to reduce their per barrel cost of oil production. Thus, demand for enhanced oil techniques such as artificial lift system is expected to increase during the forecast period. Moreover, growing number of matured reserves and increasing exploration of non-conventional reserves are expected to fuel the demand for artificial lift system over the forecast period (2016-2023). However, high initial installation cost and lack of skilled labour for artificial lifting are expected to hamper the growth of artificial lift system market during the forecast period (2016-2023).

Competitive Insights:

Global artificial lift system market is segmented on the basis of type and geography. By type, electrical submersible pumps segment is projected to be the most dominant segment with due to high adoption of submersible pumps in artificial lifting of hydrocarbons from the oil well. Followed by it, rod lift is expected to be the fastest growing segment due to increasing adoption of the method as it is cost effective and considered as most of efficient method to extract hydrocarbons. The segment is anticipated to gain significant market share by 2023.

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Leading players in the market such as Weatherford, Schlumberger Limited and Baker Hughes Incorporated collectively accounts for over 50% of the revenue share in global artificial lifting market. Key players are focusing on increasing their market penetration through mergers and acquisitions of small players. Further, artificial lifting market is expected to witness development of new products as leading players in the artificial lifting market are investing significant amount in research and development to develop for efficient methods to increase the extraction rate of hydrocarbons.

Overall, global Artificial Lift System Market is projected to register significant growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Investment in research and development
  • New techniques development

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Coal Bed Methane Market

Coal Bed Methane Market Analysis, opportunities Trends And Industry Strategies 2017 – 2025 – Credence Research


​According to a new market report published by Credence Research “Global Coal Bed Methane Market for Oil & Gas Industry – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Coal Bed Methane Market is expected to reach US$ 4.3 Bn by 2023, expanding at a CAGR of 4.3% between 2016 to 2023.

Market Insights

Coal bed methane refers to the extraction of natural gas from the coal beds. Natural gas is generally present in the coal bed in the form of methane. It is also known as coal-mine methane (CMM) or coal bed gas or coal seam gas (CSG). Advancement in technology has facilitated the production of coal bed methane on commercial scale. Growing energy demand and depleting oil reserves influencing oil producer to seek alternative source of energy such as shale gas, tight oil and coal bed methane.

Browse the full Global Coal Bed Methane Market by Application and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/coal-bed-methane-market

Coal Bed Methane market is expected to gain moderate growth with growing application of natural gas into manufacturing, residential and automotive sector. Oil deficit economies with high coal reserves are looking to explore coal bed methane to reduce their dependency on conventional oil and gas. Moreover, exploration of coal bed methane helps in mitigation of greenhouse gases therefore improve the safety of coal mining operations and also earns carbon credits are factors expected to augment the growth of global coal bed methane market over the forecast period. However, environmental concerns over the usage of water for the recovery of coal bed methane and high capital intensive projects of exploration of coal bed methane is anticipated to restrain the growth of coal bed methane market during the forecast period (20216-2023).

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Competitive Insights:

Global coal bed methane is segmented on the basis of application and geography. By application, industrial segment is projected to be the most dominant segment. Increasing energy demand coupled with various regulatory policies over emission of green house gas is expected to fuel the growth of the segment over the forecast period. Followed by it, power generation segment is anticipated to be the second largest segment due to increasing demand for natural gas from gas based power plant.

Overall, global coal bed methane market for oil & gas industry is projected to register moderate growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Development of new techniques

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Enhanced Oil Recovery Market

Enhanced Oil Recovery Market Share, Trends, Global Price, Company Profiles, Demand, Insights 2017 – 2025 – Credence Research


​According to a new market report published by Credence Research “Global Enhanced Oil Recovery Market– Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the global enhanced oil recovery market has been estimated to be valued at US$ 45.8 Bn by the end of 2016, and is expected to reach US$ 159.5 Bn by 2023, expanding at a CAGR of 19.5% from 2016 to 2023.

Market Insights

Enhanced Oil recovery (EOR) techniques are widely used to enhance the production of crude oil produced from a reservoir. In this process, the oil recovery is increased by injecting substance into the oil well to increase pressure and reduce viscosity of the crude oil. In conventional process, the recovery from oil well is approximately 30% of the oil reserve capacity whereas with EOR techniques upto 70% of the oil can be extracted from the reservoir. In case of heavy oil reservoir where crude extraction from primary recovery is difficult, enhanced oil recovery techniques such as thermal injection are widely used to enhance the oil recovery.

Browse the full report: http://www.credenceresearch.com/report/enhanced-oil-recovery-market

However, this technique is not effective when the reservoirs are deep or too thin. Moreover, thermal injection technique requires high capital investment which may a feasible solution in case of smaller oil fields. Similarly, chemical injection techniques is one of the fastest growing techniques in enhance oil recovery market and are most effective to increase the yield in case of wet oil reservoirs. Increasing use of gas injection techniques as tertiary recovery method especially CO2 injection techniques are expected to intensify the growth of the enhanced oil recovery market till 2023.

Decline in oil prices in recent past has adversely affected the profit margin of oil producers. Thus, oil producers are concentrating on improving oil production from existing oil wells with the use of technologies such as enhance oil recovery this in turn is fueling the demand for enhance oil recovery techniques. Moreover, increasing number of matured reserves coupled with increasing production of shale gas is expected to augment the growth of enhanced oil recovery market. Besides this, gas injection technique provides added advantage for the commercial use of green house gases such as carbon dioxide (CO2) generated by various industries and power plants coupled with various government initiatives for the same disposal of green house gases is expected to drive the growth of enhanced oil recovery market over the forecast period 2016-2023.

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Competitive Insights:

Global enhanced oil recovery market is segmented on the basis of technology such as thermal injection, gas injection and chemical injection. In 2015, thermal injection segment contributed the highest revenue share of the global enhanced oil recovery market. However, the segment has become matured and is expected to lose it market share to gas injection and chemical injection segment. The gas injection segment is anticipated to expand at a robust growth over the forecast period (2016-2023). Growing production of non-conventional shale gas and tight oil is fueling the demand for chemical injection segment. The segment is expected to register significant growth over the forecast period. Leading players in the global enhanced oil recovery market are involved in constantly innovating new techniques to enhance oil recovery from the reservoirs. Currently, matured reserve contributes over 65% of crude oil produced globally which indicates the future opportunities for enhance oil recovery technologies. Therefore, the global enhanced oil recovery market is projected to register robust CAGR over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Development of new techniques

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Drill Bits Market

Drill Bits Market Forecast And opportunities Trends, Size, Drivers 2017 – 2025 – Credence Research


According to a new market report published by Credence Research “Global Drill Bits Market– Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the global drill bits market for oil & gas industry is expected to reach US$ 8.2 Bn by 2023, expanding at a CAGR of 6.1% over the forecast period 2016 to 2023.

Market Insights

Growing energy demand due to increase in number of automobiles due to rapid urbanization especially in emerging economies of Asia Pacific such as India and China are expected to drive the demand for fossil fuel which is influencing which oil producer to increase oil production, this in turn is expected to spur the growth of global drill bits market for oil & gas industry. Increase in exploration and production of sand formation coupled with new drilling techniques such as hydraulic fracturing or fracking is anticipated to impel the demand for polycrystalline diamond bits (PCD).

Browse the full Global Drill Bits Market by Services and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/drill-bits-market-for-oil-and-gas-industry

Oil & gas industry has witnessed a shift in exploration and production operations form conventional to non-conventional oil & gas exploration. Growing production of shale gas since 2010 coupled with increasing ultra-deepwater drilling activities in U.S. Gulf of Mexico is expected to drive the demand for drill bits market over the forecast period (2016-2023). Moreover, increasing rig count for offshore drilling also anticipated to fuel the demand for drill bits over the forecast period. However, decline in oil prices in recent past has adversely affected the profit margin of oil producers. Thus, oil producers are concentrating on improving oil production with the use of technologies. Leading drill bits manufacturers are providing drill bits endowed with technology that offers better rate of penetration at low cost, making drilling operations more efficient. Moreover, increasing offshore drilling activities coupled with increasing production of shale gas is expected to augment the growth of drill bits market over the forecast period 2016-2023.

Competitive Insights:

Global drill bits market is segmented type into roller cone bits and fixed cutter bits on the basis of product. Roller cone bits segment is further sub-segmented as milled-tooth bits and tungsten carbide inserts (insert bits). Among roller cone bit segment, the tungsten carbide inserts segment is anticipated to be the largest segment due to low cost and adaptability for the soft formations. The segment is expected to continue its dominance over the forecast period.

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Fixed cutter bit segment is further sub-segmented into natural diamond bits and Polycrystalline diamond bits (PDC). In 2013, Polycrystalline diamond bits (PDC) was the most dominant segment and expected to continue its dominance till 2023. The segment is expected to register significant growth over the forecast period due to growing ultra-deep water drilling activities in U.S. Gulf of Mexico and other parts of the globe.

Leading players in the global drill bits market are involved in constantly innovating newly designed drill bits empowered with technology to increase their market share. For instance, Schlumberger Limited offer drill bits Axe Blade Ridged Diamond Element Bit, Sting Blade Conical Diamond Element, etc. Therefore, the global drill bits market is projected to register robust CAGR over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Development of newly designed drill bits
  • High investment on research and development

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Pipeline Leak Detection Market

Global Study On Pipeline Leak Detection Market Shares, Strategies And Forecasts Worldwide 2016 – 2023 – Credence Research


According to a new market report published by Credence Research “Global Pipeline Leak Detection System Market for Oil & Gas Industry – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Pipeline Leak Detection System Market for Oil & Gas Industry has been estimated to be valued at US$ 2.1 Bn by the end of 2016, and is expected to reach US$ 3.2 Bn by 2023, expanding at a CAGR of 6.4% from 2016 to 2023.

Browse the full Global Pipeline Leak Detection System Market for Oil & Gas Industry by Product Type, By Technology and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/pipeline-leak-detection-system-market-for-oil-and-gas-industry

Market Insights:

Global leak detection system market is expected to gain momentum with growing pipeline network and increasing demand for fossil fuels. Advancement in technology has facilitated the pipeline operators to remote monitoring of pipeline operations. Global pipeline network is about 3.5 million kilometers which is responsible for movement of oil & gas products across the globe. Pipelines are considered to be the safest and the most efficient mode of transportation of hydrocarbons as they are hazardous in nature and any spillage or leakage can results in huge loss to the product owner as well as to the environment. Leakage is considered as the most common problem in pipeline operations which not only results in product loss but also can results accidents with huge potential to damage nearby environment. Recent accident happened in recent past such as explosion in gas pipeline in Minnesota, U.S., and eruption of natural gas pipeline in Nebraska in 2014 has bought in legislation for the pipeline carrying hazardous products to mandatory have leak detection system. Thus, global leak detection system market for oil & gas industry is anticipated to driven by factors such as increasing natural gas production, increasing trade of oil & gas products coupled with growing pipeline infrastructure and associated regulatory policies. However, volatile oil prices restricting cash flow of the oil producers which is likely have a negative impact on upcoming pipeline project which in turn is expected to restrain the demand for pipeline leak detection system in oil & gas industry.

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Competitive Insights:

Global leak detection system market for oil & gas industry is segmented on the basis of technology, product type and geography. By technology, negative pressure wave segment is projected to be the most dominant segment due to easy installation along with low installation cost. Considering segment product type, the natural gas segment to be the largest segment over the forecast period (2016-2023) owing to increasing production of shale gas coupled with growing increasing number of gas based economies. The key players in the market are focusing on research & development of new technologies to enhance accuracy of their products.

Overall, global pipeline leak detection system market is projected to register significant growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Development of new technologies

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/


Big Data Services Market

Big Data Services Market Opportunities, Trends, Size And Market Share 2017 – 2025 – Credence Research


According to a new market report published by Credence Research “Global Big Data Services Market for Oil & Gas Industry – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Big Data Services Market for Oil & Gas Industry is expected to reach US$ 33.5 Bn by 2023, expanding at a CAGR of 17.3% between 2016 to 2023.

Market Insights

Big Data in oil & gas refers to the large volume of data generated at high velocity in variety of format such as structured, unstructured data generated by various processes and financial transactions in oil & gas industry. Volatile oil prices and increasing competition in oil & gas industry has derived the need for smart decision making using big data analytics as a tool.

Browse the full Global Big Data Services Market for Oil & Gas Industry by Component, Application and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/big-data-services-market

Early adopters of the big data services using big data to create various predictive models from images of earth surface to forecast the availability of oil and also track activities of well operations such as production rate, pressure and equipment performance for efficient operations by reducing non-productive time. Big data is used to derive meaningful information for better decision making using various analytical tools and techniques.

Big data services market is expected to gain robust growth over the forecast period by virtue of low profit margins due to high competition and volatile oil prices coupled with development of non-conventional exploration and production techniques for oil recovery form shale rock. Introduction of cloud based storage along with development of various storage solutions such as Hadoop Distributed File System (HDFS) has provided the platform to store variety of data. Various big data service provider offers professional services to the oil companies to help them in choosing right big data solution matching their business requirements. Increasing awareness about the big data and associated advantages coupled with increasing competition are anticipated to augment the demand big data services for oil & gas industry during the forecast period (2016-2023). However, shrinking IT budget due to slowdown in oil & gas industry is expected to restrain the growth of big data services market during the forecast period (2016-2023).

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Competitive Insights:

Global big data services for oil & gas industry is segmented on the basis of component, application and geography. By component, services segment is projected to be the most dominant segment as oil & gas companies are seeking assistance in selecting the right infrastructure suiting their business requirements. Considering application, the upstream segment is anticipated to be the largest segment over the forecast period (2016-2023) owing to increasing complexity in exploration and production of oil & gas from shale rocks and deep water drilling coupled with high involvement of capital expenditure. The key players in the market are focusing on training & development for increasing awareness about big data along with development of new software to match the business requirements of the oil & gas industry.

Overall, global big data services market for oil & gas industry is projected to register robust growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Development of new products
  • Trainings & development programs

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

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VOC Recovery And Abatement Market

VOC Recovery And Abatement Market – Global Market Size, Share, Trend, Market Growth, Analysis And Industry Forecasts to 2025


According to a new market research report published by Credence Research, Inc. “VOC Recovery and Abatement Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global VOC recovery and abatement market was valued at US$ 483.8 Mn in 2016, and is expected to reach US$ 714.2 Mn by 2025, expanding at a CAGR of 4.5% from 2017 to 2025.

Market Insights

Volatile organic compounds (VOC) recovery units are used to recover vapors of compounds such as natural gas, gasoline and other volatile organic compounds, and store them in a space between the liquid and fixed roof of the storage tanks.

Browse the full VOC Recovery and Abatement Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/voc-recovery-and-abatement-market

Worldwide, government authorities have enforced stringent regulatory norms to limit VOC emission, which is the major factor driving the market growth. Due to high return on investment and low cost of installation, VOCs are widely used in upstream and midstream process. For the downstream process, VOCs are mainly used for petroleum based products. Nevertheless, the demand for VOCs from the downstream process is highly unstable owing to the high cost of installation and fairly matured nature of the market.

The global VOC recovery market is mainly driven by the rising demand of VOCs in oil and gas industry. The VOC recovery units not only provide substantial ecological benefits but also economic advantages, especially for oil and gas producers. Another economical advantage of VOCs recovery units is that, they can be piped to a stripper unit to separate methane and natural gas liquids (NGLs). This becomes significantly beneficial when price and volume for NGLs are attractive. Due to steadily increasing oilfield activities along with enforcement of stringent regulatory norms to limit VOC emissions by the government authorities has boosted the demand for VOC recovery in Asia in the last few years. In addition, increasing popularity of VOCs recovery units owing to its immense environmental and economic benefits is also contributing towards the market growth.

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Due to global oil crisis in recent years, key players are impelled to focus on strengthening their distribution and storage capabilities to minimize losses. Some of the major companies operating in the market include The Linde Group, Anguil Environmental Systems, Inc., Climate Technologies Corporation, DCL International, Inc., Multi Fan Systems Limited, Praxair Technology, Inc., VOCZero Ltd., Wartsila Corporation, Bay Environmental Technology (Beijing) Co., Ltd., Air Products and Chemicals, Inc., Babcock & Wilcox MEGTEC LLC, TANN Corporation, Baker Furnace, Inc., CECO Environmental Corporation, PETROGAS System, Inc., Polaris s.r.l., Air Clear, LLC., Catalytic Products International, Inc., Epcon Industrial Systems LP, and Amcec, Inc.

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web: http://www.credenceresearch.com/


Big Data Services Market

Big Data Services Market Research,Trends And Statistics Report 2017 – 2025


According to a new market report published by Credence Research “Global Big Data Services Market for Oil & Gas Industry – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the Global Big Data Services Market for Oil & Gas Industry is expected to reach US$ 33.5 Bn by 2023, expanding at a CAGR of 17.3% between 2016 to 2023.

Browse the full Global Big Data Services Market for Oil & Gas Industry by Component, Application and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/big-data-services-market

Market Insights

Big Data in oil & gas refers to the large volume of data generated at high velocity in variety of format such as structured, unstructured data generated by various processes and financial transactions in oil & gas industry. Volatile oil prices and increasing competition in oil & gas industry has derived the need for smart decision making using big data analytics as a tool. Early adopters of the big data services using big data to create various predictive models from images of earth surface to forecast the availability of oil and also track activities of well operations such as production rate, pressure and equipment performance for efficient operations by reducing non-productive time. Big data is used to derive meaningful information for better decision making using various analytical tools and techniques.

Big data services market is expected to gain robust growth over the forecast period by virtue of low profit margins due to high competition and volatile oil prices coupled with development of non-conventional exploration and production techniques for oil recovery form shale rock. Introduction of cloud based storage along with development of various storage solutions such as Hadoop Distributed File System (HDFS) has provided the platform to store variety of data. Various big data service provider offers professional services to the oil companies to help them in choosing right big data solution matching their business requirements. Increasing awareness about the big data and associated advantages coupled with increasing competition are anticipated to augment the demand big data services for oil & gas industry during the forecast period (2016-2023). However, shrinking IT budget due to slowdown in oil & gas industry is expected to restrain the growth of big data services market during the forecast period (2016-2023).

Request Sample: http://www.credenceresearch.com/sample-request/58203

Competitive Insights:

Global big data services for oil & gas industry is segmented on the basis of component, application and geography. By component, services segment is projected to be the most dominant segment as oil & gas companies are seeking assistance in selecting the right infrastructure suiting their business requirements. Considering application, the upstream segment is anticipated to be the largest segment over the forecast period (2016-2023) owing to increasing complexity in exploration and production of oil & gas from shale rocks and deep water drilling coupled with high involvement of capital expenditure. The key players in the market are focusing on training & development for increasing awareness about big data along with development of new software to match the business requirements of the oil & gas industry.

Overall, global big data services market for oil & gas industry is projected to register robust growth over the forecast period (2016-2023).

Key Trends:

  • Merger & Acquisition
  • Development of new products
  • Trainings & development programs

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web: http://www.credenceresearch.com