Single User License: Oil and Gas Hydraulic Equipments Market - USD 4315.5 Global Industry Analysis, Market Size, Flat 10% Discount!! Free Customization as per your requirement Share, Growth, Trends and Forecast 2015 You will get Custom Report at Syndicated Report - 2023 Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] price Report will be delivered with in 15-20 working days Request Sample Buy Now REPORT DESCRIPTION Over the past decade or so, the demand for energy has grown tremendously, boosting oil and gas exploration and production. Companies within the industry have been in search of new conventional and nonconventional reservoirs and investing in drilling technologies to keep up with the mounting energy demand. Newer technologies that can be used under water have been developed off late, allowing companies to perform drilling operations at greater depths. The rise in oil and gas exploration activities in offshore and onshore reserves has resulted in increasing demand for hydraulic equipment. In-depth research report on Oil and Gas Hydraulic Equipments Market with Full TOC at : http://www.transparencymarketresearch.com/oil-gas-hydraulic-equipments-market.html The shale gas market in the US has witnessed strong growth in recent times, resulting in growing demand for oil and gas hydraulic equipment in North America. Other leading onshore oil and gas reserves are to be found in Iraq, Kuwait, Angola, Nigeria, Iran, Saudi Arabia, Egypt, and Libya in the Middle East and Africa region; Russia in Europe; Canada and Mexico in North America; Indonesia, China, India, and Australia in Asia Pacific. The demand for oil and gas hydraulic equipment from these countries has also boosted the global market. Surging Demand for Hydraulic Fracturing Fuels Global Market Hydraulic fracturing is one of the most preferred techniques for the extraction of global oil and gas hydraulic equipment market. Since its first commercial usage in 1949, hydraulic fracturing has been used for enhanced hydrocarbon recovery and reservoir stimulation. Technological advances have enabled easier extraction of natural gas and crude oil from unconventional reserves such as coalbed methane, shale formations, and tight sand. Sliding sleeves and plug and perf are the most commonly used hydraulic fracturing techniques that result in high production rates and optimize the overall extraction process. The growing presence of unconventional reserves, particularly shale, has resulted in increased demand for hydraulic fraction, a market that is anticipated to develop at a 6.12% CAGR in terms of revenue from 2014 to 2022, according to Transparency Market Research (TMR). A growing hydraulic fracturing market, in turn, boosts the market for oil and gas hydraulic equipment. Increased Demand for Hydraulic Fluid Connectors in North America Hydraulic fluid connectors are used to transfer liquids for power transmission from one location to other. Used in numerous mobile and stationary applications, hydraulic fluid connectors have been witnessing increased demand from North America. A surge in upcoming projects associated with the oil and gas as well as petroleum markets has significantly contributed towards the growth of the hydraulic fluid connectors market. TMR indicates that the North America hydraulic fluid connectors market is likely to expand at a healthy CAGR of 7.60% from 2014 to 2020. The development of this market will consequently propel the overall hydraulic equipment market in the oil and gas sector. Some of the major players operating in the global oil and gas hydraulic equipment market are Accelerated Production Systems, Eaton, Bailey International, Feintool International, Allison Hydraulics Ltd., Toshiba Machine, Aberdeen Dynamics, Inc., Moog, Dongyang Mechatronics, Bosch Rexroth, Parker Hannifin, HMS Group, KYB, Daikin Industries, Wipro Infrastructure Engineering, and Denley Hydraulics Limited. Companies within the global oil and gas hydraulic equipment market have been making major investments in onshore as well as offshore projects to strengthen their position in the marketplace. About Us Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge. 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Increasing demand for energy has made the oil and gas exploration and production companies to search for new oil and gas reservoirs. These companies are willing to invest in drilling technologies to locate new offshore and onshore oil and gas reserves. As a result of such activities market for hydraulic equipments used in oil and gas application can see significant growth. Hydraulic equipments are used in jackup vessels, jackup platforms, floating production storage and offshore facilities (FPSO), catenary anchor leg mooring systems and pipelaying vessels. Moreover, the advancement in underwater technologies has enabled the companies to perform operations at greater depth that require the use of specialized hydraulic equipments. Owing to the advancement in technologies the companies are now able to perform drilling operations in deep and ultra-deep waters. Interpret a Competitive outlook Analysis Report with PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7844 The segmentation of the oil and gas hydraulic equipments market can be done by application area, type of application provided and geography. Hydraulic equipments used in the oil and gas application can be used to carry out both offshore and onshore oil and gas operations. However, offshore applications require greater investments due to the use of specialized hydraulic equipments.
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