Research and Markets: Global Turbomachinery Market Outlook for Oil and Gas Industry - Market Analysis by Geography, Type, Area of Application, Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2015-2020)
Research and Markets (http://www.researchandmarkets.com/research/fs29rj/global)
has announced the addition of the "Global
Turbomachinery Market - Growth Trends and Forecasts (2015-2020)"
report to their offering.
The report estimates suggests that approximately 80 million more barrels
of oil equivalent per day of new production capacity will be needed by
2020. But it wont be easy as conventional resources are being rapidly
depleted. Other factors such as rise in electricity demand of 75 percent
and water demand of 54 percent by 2030, while CO2 emissions will jump 35
percent in that same period are forcing the oil and gas operators to
increase their use of turbo machinery in their daily operations, in
order to achieve greater production levels and better efficiencies.
Factors such as increase in CAPEX spending per barrel of new capacity
additions, growth in unconventional and subsea energy spend, and
technological advances easing daily operations are driving the market
towards growth. Whereas high initial costs and political uncertainties
are some of the factors pulling the market back.
Like other oil and gas markets, North America is expected to lead the
turbo machinery market in the coming decade. The regions market would be
primarily driven by increasing shale activity across United States,
Canada and increasing offshore exploration in Gulf of Mexico.
Europe and Asia-Pacific are growing rapidly in terms of market demand.
Demand is high particularly in some countries such as China, India,
United Kingdom, and the Netherlands. The North Sea region presents a
decent market opportunity for drilling and completion fluids segment as
its new exploration activity is at an all-time high primarily because of
the decreasing production levels since past few years and going into
much deeper waters to find new oil and gas reserves.
Key Topics Covered:
2. Executive Summary
3. Market Overview
4. Drivers, Constraints & Opportunities
5. Global Turbo Machinery Market Analysis, by Application Areas
6. Global Turbo Machinery Market Analysis, by Type
7. Global Turbo Machinery Market Analysis, by Geography
9. Key Company Analysis
10. Competitive Landscape
Baker Hughes Inc
Weatherford International Ltd
MAN Turbo Machinery
Kobe Steel Ltd
For more information visit http://www.researchandmarkets.com/research/fs29rj/global
View source version on businesswire.com: http://www.businesswire.com/news/home/20151215006774/en/
Copyright Business Wire 2015
Source: Business Wire
(December 15, 2015 - 4:03 PM EST)
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