Energy

  In the recent past, the oil country tubular goods market has been on an upward trajectory. The rise in demand for OCTG products is ascribed to the discovery of deepwater and offshore reserves in challenging environments, rig counts, and proliferation in upstream oil & gas operations. Fairfield Market Research foresees positive trends for the Oil country tubular goods (OCTG) market . Projection points out that the global OCTG market value is likely to reach US$65,940.3 Mn by 2026 from US$34,286.8 Mn in 2020, exhibiting a robust growth rate of 12.6% CAGR.   The government and private entities across the globe are shoring up the market expansion with tangible investments and tactical development of policies. Widespread use of hydrocarbons across the spectrum of industry has accelerated the pace of exploration and production activities. Therefore, the demand for oil country tubular goods is envisaged to observe a sharp incline and create extensive growth opportunities for ...

 The oil and gas industry's assets, including as offshore platforms, drilling rigs, and pipelines, have been used well past their design lives. A majority of the assets are likely to be utilised more during the projected period owing to an ongoing increase in production demand. Severe ocean currents, corrosive saltwater, and frequent hurricanes are all factors that affect offshore gas sites. Platforms, unlike drilling rigs, are not transportable and cannot be transported to shore for repairs. The maintenance data for several of the platforms are either missing or untrustworthy. The demand for asset integrity management services in the gas sector is predicted to rise as infrastructure ages, to extend the life of these assets. This can be accounted as a key driver of growth for the global Oil and Gas Asset Integrity Management Services Market.   Looking For a Sample Copy of This Report? Request the Same Here: https://www.fairfieldmarketresearch.com/report/oil-gas-asset...