Rapid increase in the shale production that requires hydraulic fracturing is the key driving factor for the growth of horizontal segment of the global well intervention market.

The demand for energy-efficient systems that can transport crude oil and gas to processing plants, as well as increased investments in subsea projects, will drive the global market for subsea umbilicals, risers, and flowlines to grow.

The growth of the geothermal energy market is being driven by rising electrical security concerns as a result of clean and environmentally beneficial supplies.

The combination of the Coronavirus (COVID-19) and the oil price shock is particularly damaging to oil-exporting developing countries at a time when the fossil fuel industry is experiencing structural collapse.

A modern natural gas treatment processing plant has been developed on the site. Such oil and gas exploration and production activities are projected to propel the growth of the oil and gas leak detection market in the coming years.