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  • Breast Biopsy Devices Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies
    An ultrasound-guided breast biopsy utilizes sound waves to aid in locating a hump or irregularity and detach a tissue sample for study under a microscope. It is less aggressive than surgical biopsy, remains little to no scarring, and doesn’t include exposure to ionizing radiation. What is an Ultrasound-Guided Breast Biopsy? Physical, mammography and other studies commonly sense lumps or...
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  • Digital Oilfield Technology Market Development and Demand Forecast Report 2030

    The compounding demand for energy and rising shale gas production in the U.S. are expected to accelerate the digital oilfield technology market at a CAGR of 4.6% during the forecast period (2018–2023). At this rate, the market will witness an increase in its size from $26,570.4 million in 2017 to $34,871.6 million in 2023. Additionally, a significant dip in the number of onshore reserves in oil-and-gas-producing nations is creating huge opportunities for the industry players, who are offering a range of exploration & production (E&P) solutions to increase the supply of oil and gas.

    The substantial growth in shale gas production in the U.S. will drive the market growth in the coming years. A rise in the E&P activities for shale gas is generating a large amount of spatial and seismic information and data related to drilling and production cycles. All these unstructured data sets need to be examined and analyzed to amplify the drilling and production performance. E&P firms are using the digital oilfield technology that uses big data analytics to capture, analyze, and transform this data into easy-to-understand sets.

    Get More Insights: https://www.psmarketresearch.com/market-analysis/digital-oil-field-technology-market

    During the forecast period, the Middle East and African (MEA) digital oilfield technology market is set to demonstrate the fastest growth. This can be ascribed to the existence of numerous oilfields, increasing energy demand, and decreasing production from mature oilfields, all of which are coercing upstream companies to enhance the recovery rates by using digital oilfield technologies. Moreover, the recent discovery of a large number of brownfield oil and gas reserves is expected to propel the market growth in the region during the forecast period.

    Thus, the declining production from mature oilfields, rising production of shale gas, and discovery of new oil and gas reserves are driving the growth of the market across the globe.


    Digital Oilfield Technology Market Development and Demand Forecast Report 2030 The compounding demand for energy and rising shale gas production in the U.S. are expected to accelerate the digital oilfield technology market at a CAGR of 4.6% during the forecast period (2018–2023). At this rate, the market will witness an increase in its size from $26,570.4 million in 2017 to $34,871.6 million in 2023. Additionally, a significant dip in the number of onshore reserves in oil-and-gas-producing nations is creating huge opportunities for the industry players, who are offering a range of exploration & production (E&P) solutions to increase the supply of oil and gas. The substantial growth in shale gas production in the U.S. will drive the market growth in the coming years. A rise in the E&P activities for shale gas is generating a large amount of spatial and seismic information and data related to drilling and production cycles. All these unstructured data sets need to be examined and analyzed to amplify the drilling and production performance. E&P firms are using the digital oilfield technology that uses big data analytics to capture, analyze, and transform this data into easy-to-understand sets. Get More Insights: https://www.psmarketresearch.com/market-analysis/digital-oil-field-technology-market During the forecast period, the Middle East and African (MEA) digital oilfield technology market is set to demonstrate the fastest growth. This can be ascribed to the existence of numerous oilfields, increasing energy demand, and decreasing production from mature oilfields, all of which are coercing upstream companies to enhance the recovery rates by using digital oilfield technologies. Moreover, the recent discovery of a large number of brownfield oil and gas reserves is expected to propel the market growth in the region during the forecast period. Thus, the declining production from mature oilfields, rising production of shale gas, and discovery of new oil and gas reserves are driving the growth of the market across the globe.
    Digital Oilfield Technology Market Size, Share, Growth and Forecast to 2023
    The Global Digital Oilfield Technology Market is predicted to surpass $34,871.6 million by 2023, witnessing a CAGR of 4.6% during 2018–2023. The Middle East and African (MEA) region are expected to witness the fastest growth during the forecast period.
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  • Geothermal Power Market Present Scenario And The Growth Prospects 2030
    To harness the potential of geothermal energy for generating electricity, the International Renewable Energy Agency (IRENA) is working in coordination with the Global Geothermal Alliance (GGA). GGA is a global platform that was created at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in December 2015. GGA aspires to increase the...
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  • Magnetic Sensor Market Present Scenario And The Growth Prospects 2030
    What is a Magnetic Sensor? Magnetic sensors are utilized for detecting magnetic fields in the form of flux, directions, and strength. Magnetic field detection and measurement have always been crucial in numerous applications. The magnetic sensor data can be used to monitor the directions, positions, angles of objects, rotations, and presence of electric current. Therefore, magnetic sensors are...
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  • AI-Powered Storage Market Projection, Technological Innovation And Emerging Trends 2030
    Artificial intelligence needs a large amount of data that could be processed in real-time and stored for future use in a cloud environment. Therefore, it requires a data storage solution for flexibility, scalable, and high performance. AI and ML applications require data for functioning. The significant amount of data power training simulations and models that support decision-making and offer...
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  • Facility Management Market Present Scenario And The Growth Prospects 2030
    The expansion of the construction, hospitality, and tourism industries is one of the major factors driving the demand for facility management services across the world. Furthermore, the rising urbanization rate, rapid economic progress, and the launch of smart city and infrastructural development projects by the governments of several countries are also pushing up the requirement for these...
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  • Autonomous Vehicle Market Overview, Segment Analysis, Developments and Demand Forecast to 2030
    The increasing prevalence of road accidents is fueling the demand for fully autonomous and semi-autonomous vehicles. According to the World Health Organization (WHO), around 1.35 million deaths are recorded every year because of road crashes. Furthermore, the organization also found that between 20 and 50 million more people suffer various non-fatal injuries due to road accidents. In the U.S.,...
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  • Distributed Solar Power Generation Market Present Scenario And The Growth Prospects 2030
    The International Renewable Energy Agency (IRENA) states that the installed capacity of solar photovoltaic (PV) power plants increased from 580,759 Megawatts (MW) in 2019 to 707,494 MW in 2020. Additionally, the installed capacity of solar thermal power plants surged from 6,374 MW in 2019 to 6,475 MW in 2020. These power plants harness energy from the sun and use it to generate heat and...
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  • Mechanical Energy Storage Market Revenue, Opportunity, Forecast and Value Chain 2030
    The increasing concern over the damage caused to the environment because of the large-scale usage of fossil fuels for power generation is one of the biggest factors contributing toward the development of mechanical energy storage systems all around the world. For instance, according to the International Energy Association (IEA), the world will need to increase the amount of stored energy from...
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  • Biobased Chemicals Market Growth, Development and Demand Forecast Report 2030
    The focus on sustainable products has increased considerably over the past few years in order to reduce the dependency on petroleum-based products. Fossil fuels are being utilized extensively since a very long time, and this is now resulting in their rapid decline. Ascribed to this, the demand for alternatives, which also have less negative impact on the environment, is increasing across the...
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