Emphasis on Energy Efficiency and Cost Contributes to Economic Growth in Upstream Oilfield Machinery Market
New ARC Advisory Group research on the Upstream Oilfield Machinery market reveals that higher energy prices have forced consumers and businesses to make more significant adjustments to manage costs. Operations that consume large amounts of energy have a greater opportunity for savings through optimization. A prime example of this is drilling equipment systems where energy accounts for more than one-third of total lifecycle costs. As a result of the energy-intensive nature of pumps, solids control systems, and topdrives systems, the energy saving advantages of upstream oilfield machinery will be a significant contributor to its market growth.
“Looking ahead, owner-operators, independent E&P firms, and oilfield services companies will have to become even more cost and energy efficient and environmentally aware when drilling new wells, maintaining well integrity, or enhancing production from mature wells. This will involve managing oilfield drilling operations to reduce overall costs, increase production performance, reduce operating and financial risks, and minimize impact on the environment,” according to Jyoti Prakash, Analyst at ARC Advisory Group and key author of ARC’s Upstream Oilfield Machinery Global Market Research 2017-2022 report.
About the Upstream Oilfield Machinery Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the upstream oilfield machinery market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, system type, and revenue category.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) - personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.
Demand for Cost-effective Artificial Lift Optimization Solutions Drives the Market
New ARC Advisory Group research on the artificial lift optimization market reveals these solutions are emerging as a vital investment for upstream operating companies; one that can provide a solid return on investment (ROI) and improve competitiveness. In today’s “lower for longer” energy price environment, owner-operators, independent E&P firms, and related stakeholders realize that artificial lift optimization can help them lower costs, enhance production, improve and/or enhance recovery, and increase productivity; making it a vital investment.
“The largest driving factor for increasing demand for artificial lift optimization is the level of anticipated future investment in upstream oil and gas over the next three to five years, which is rebounding and will likely grow at robust levels. In addition to the need to find more hydrocarbons to meet the growing energy demand globally, companies are finding that the era of “easy oil” is over, and - operationally – recovering oil and gas is becoming increasingly more complex and challenging,” according to Jyoti Prakash, Analyst at ARC Advisory Group and key author of ARC’s Artificial Lift Optimization Global Market Research report.
About the Artificial Lift Optimization Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the artificial lift optimization market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, project location, system type, application, revenue category, customer type, and sales channel.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.
Rising Demand for Energy Consumption Drives Growth in Leak Detection Systems Market
New ARC Advisory Group research on the Leak Detection Systems market reveals that the worldwide demand for energy consumption will rise considerably in the coming decades and competitive pressures to secure future energy needs will intensify within the global energy markets. Given this increasingly heightened sense of competition, companies will seek to invest in pipeline monitoring systems, such as leak detection systems, to help mitigate financial risks, operational risks, and any associated fines or adverse public image ramifications caused by undetected leaks.
“Industry sources forecast the demand for energy is expected to increase significantly over the next few decades. This increase in demand for energy will create an increasingly more competitive landscape not just among companies, but also among countries to secure an energy future for their respective populations. This momentum parallels increasing investments in pipeline monitoring systems that monitor for corrosion and pipeline integrity and associated pipeline simulation technology to enhance operational efficiencies and mitigate risks of undetected leaks,” according to Jyoti Prakash, Analyst at ARC Advisory Group and key author of ARC’s Leak Detection Systems Global Market Research 2017-2022 report.
About the Leak Detection Systems Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the leak detection systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by industry sector, project location, application/technology type, revenue category, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes up to five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.
ARC Advisory Group Announces New SCADA Systems for the Oil & Gas Industry Market Research
New ARC Advisory Group research on the SCADA systems for the oil & gas industry market reveals that SCADA systems that can be fully integrated with corporate business systems are essential in a business environment that demands real-time visibility of both production and supply chain. Technology-savvy energy companies are increasingly looking for a total solution, integrating SCADA systems with other systems at the field level and at the higher level of corporate business systems.
“Traditional SCADA suppliers are introducing new and innovative product features and helping clients develop migration planning programs. Additionally, suppliers are offering a wider range of web-enabled advanced applications and packaged solutions, particularly for users seeking to integrate SCADA with business and enterprise-level applications and supply chains,” according to Mark Sen Gupta, Research Director at ARC Advisory Group and key author of ARC’s SCADA Systems for the Oil & Gas Industry Global Market Research report.
About the SCADA Systems for the Oil & Gas Industry Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the ARC’s SCADA systems for the oil & gas industry market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry segment, pipeline type, application type, hardware type, project size, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes one year of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.
Demand for Intelligent Devices Drives the Fire & Gas Systems Market
New ARC Advisory Group research on the fire and gas systems market reveals that in the future, most devices will be intelligent and online, bringing machine-to-machine communications to a new level. This will change how fire & gas systems are used. As components of machines need to interact with each other, the degree of integrated intelligence will increase significantly, which also applies for fire & gas systems.
“Demand for sensors and instrumentation with greater capabilities is growing, to manage processes with increased energy efficiency, safety, and compliance to stringent environmental regulations. New software applications and embedded sensor intelligence are also becoming available to interpret the data from the sensors and convert it into actionable information. This will enable prompt response to potential problems and better insight for improved decision-making,” according to Vidya Prasad, Analyst at ARC Advisory Group and key author of ARC’s Fire and Gas Systems Global Market Research report.
About the Fire and Gas Systems Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the fire & gas systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by revenue type, industry, region, component type, gas detector configuration, flame detector type, smoke detector type, communication protocol, sales channels, safety integrity level (SIL), and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.