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04 Apr 2018  |  North America  |  Market Research

Global Pumps Market in the Oil and Gas Industry, Forecast to 2024

Oil Price Recovery will Drive the Market in the Short Term and Digital Transformation will Disrupt the Market in the Long Term

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Key Issues Addressed

The oil price crash had sparked economic turmoil and shaken the entire oil and gas industry value chain. Pump manufacturers were severely impacted during the price rout. As the oil price is expected to range between $60 and $70 for the year, there is increased optimism in the market. This is expected to drive a large amount of activities, especiall...

IIoT (Industrial Internet-of-Things), came into reality during the advent of Industry 4.0. The technology provided immense data communications and connectivity between all devices. The fourth industrial revolution changed the whole manufacturing spectrum. The technology helped manufacturers to tremendously increase their efficiency and productivity...

With the expanding BRICS bloc (Brazil, Russia, India, China, and South Africa), there has been an increased drive to reduce Western dominance and build South-South collaboration. Members are involved in developing technologies and infrastructure to reduce dependence on traditional, Western-based technologies. This strategic shift spans sectors such...

In this research service, analysis is provided for future trends in the global distributed control systems (DCS) market. The study covers revenue forecasts for key global regions, revenue types, industry verticals, system sizes, and distribution channels till 2020. Also analyzed is the market share evolution for leading companies (2009 to 2013). M...

This study examines potential growth opportunities for the collaborative robot (cobot) market across various global industries. Cobots are used in applications wherein they complement the work carried out by human workers rather than replace them. The growing shift toward flexible automation in multiple industries is driving widespread adoption of ...

This study explores potential growth opportunities for robots in the agriculture industry. Driven by advancements in AI/ML, machine vision, and autonomous navigation, agricultural robots are executing tasks such as planting, weeding, harvesting, spraying, and crop monitoring with greater precision and efficiency. Designed for workforce augmentation...

While the IoT is expected to transform the plant floor into a hyper-connected space and dissolve boundaries between individual business units within the organization, a number of challenges require attention to ensure the future of a connected enterprise. This strategic market insight provides value chain participants in the IoT ecosystem an overvi...

The COVID-19 pandemic outbreak has resulted in a global economic downturn, as countries imposed movement control orders and shut down businesses. Similar to most other markets worldwide, the demand for industrial robots is forecast to plummet in 2020. The high initial costs and lack of supportive infrastructure are likely to impede market growth in...

5G with low latency and greater bandwidth accelerates the rate of data download, enabling the of use real-time data in the industrial operations. Images and data can be downloaded much faster with 5G integrated IIoT devices. As the result, data can be easily shared remotely. Connected factories: High speed data sharing is achieved using 5G integra...