Production of natural gas in the United States has been increasing for the past decade and peaked at nearly 1033 billion cubic meters in 2023 and 2024. An increase in production corresponded with rising demand for natural gas in the United States, particularly after the 2008 Recession.    Natural gas becomes competitive Since the early 2000s, the price of coal had been going up, and increased more rapidly following the 2008 Recession, which affected the cost of crude oil to an even greater degree. When the price of crude oil peaked shortly after the financial crisis, consumption of petroleum decreased in the next year. Simultaneously, the cost of natural gas dramatically decreased, making it a stronger competitor with coal and petroleum. The rise of fracking Low-interest rates during the Recession led to new investments in new techniques to obtain natural gas, such as horizontal drilling and hydraulic fracturing, that may be controversial due to health and environmental impacts. Often obtained through fracking, shale gas has become a common form of natural gas, and shale gas production in the United States has increased dramatically since the financial crisis.

In 2024, the price of natural gas in Europe reached 11 constant U.S. dollars per million British thermal units, compared with 2.2 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe. What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached over 22 percent. How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 36 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

The United States exported *****billion U.S. dollars worth of liquefied natural gas (LNG) in 2024. This was a notable decrease compared to 2022, when a natural gas shortage led to a steep increase in prices. The U.S. is among the largest exporting countries of LNG, next to Qatar and Australia.

This dataset contains both time series describing the US natural gas market (prices, production, inventories and net exports) as well as Matlab/R scripts that allows to replicate the results described in the article "The European energy crisis and the US natural gas market dynamics. A structural VAR investigation" published in International Economics and Economic Policy 22. The detailed instruction on how to use the attached codes is presented in the readme.txt file.

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Shale Gas Market Size 2025-2029

The shale gas market size is forecast to increase by USD 22.1 billion, at a CAGR of 5.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of green fracking methods. This eco-friendly approach to extracting shale gas reduces the environmental impact compared to traditional methods, making it an attractive alternative for energy companies. However, the market faces a substantial challenge in the form of water scarcity for fracking operations. The extraction process requires large volumes of water, and the availability of this resource is becoming increasingly limited in certain regions. Fossil fuels, including oil and natural gas, remain the primary fuel sources, but the energy transition towards renewable energy sources is gaining momentum.
This dynamic market requires strategic planning and innovation from companies to capitalize on the opportunities presented by green fracking while mitigating the challenges associated with water scarcity. Companies must address this issue by implementing water recycling and conservation techniques or exploring alternative water sources to ensure the sustainability of their operations and maintain competitiveness in the market. Gas-fired power plants and enhanced gas recovery techniques offer solutions for energy independence and reduced greenhouse gas emissions.

What will be the Size of the Shale Gas Market during the forecast period?

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The market continues to evolve, driven by advancements in technologies and the ongoing pursuit of energy security. Hydraulic fracturing, or fracking, has revolutionized the extraction of natural gas from shale formations, leading to a rise in production. However, the intricacies of shale reservoirs require a multidisciplinary approach, encompassing natural gas storage, pipeline infrastructure, well completion, and gas transportation. For instance, accurate stress field characterization and gas flow modeling are crucial for optimizing well completion and ensuring economic viability. Geomechanical modeling and rock mechanics help assess the integrity of wells and prevent formation damage mechanisms. Proppant selection, well testing procedures, and horizontal drilling are essential for maximizing production.

Moreover, environmental impact assessment and produced water treatment are vital components of the shale gas value chain. Induced seismicity, a concern for some, is being addressed through advancements in frac fluid chemistry, microseismic monitoring, and well integrity management. The shale gas industry anticipates robust growth, with expectations of a 5% compound annual growth rate over the next decade. This expansion will necessitate the development of gas processing technologies, such as pressure transient analysis and water management, to ensure flow assurance and reduce methane emissions. Additionally, the increasing importance of liquefied natural gas in the global energy landscape will further shape the market dynamics.

How is this Shale Gas Industry segmented?

The shale gas industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Technology

  Horizontal fracking
  Vertical fracking
  Rotary fracking


Application

  Industrial
  Buildings
  Transportation


Type

  Direct channel
  Indirect channel


Geography

  North America

    US
    Canada


  Europe

    Germany
    Russia
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Technology Insights

The Horizontal fracking segment is estimated to witness significant growth during the forecast period. Shale gas production in the US has seen significant advancements in recent years, driven by the adoption of horizontal drilling and hydraulic fracturing techniques. Horizontal fracking increases the contact area between the wellbore and the shale rock, enabling more efficient gas extraction and higher production rates. This results in greater gas recovery compared to vertical drilling, making shale gas production economically viable despite higher initial costs. The success of shale gas production is underpinned by various technological advancements. Stress field characterization and geomechanical modeling help optimize well completion and drilling processes. Gas flow modeling and reservoir simulation enable better understanding of reservoir behavior and production forecasting. The transition towards renewable energy and green hydrogen production is gaining momentum, with hydrogen derived from natural gas, k

Winter natural gas prices in the United States are forecast to see a notable increase in 2022/23. U.S. consumers are expected to pay an average of 15.95 U.S. dollars per thousand cubic feet of natural gas. This would mean an increase of over two U.S. dollars and comes in the wake of many countries and regions currently embattled in an energy supply shortage.

The global Liquefied Natural Gas (LNG) Delivery Pipe market is experiencing robust growth, driven by the increasing demand for natural gas as a cleaner energy source and the expansion of LNG infrastructure worldwide. Let's assume, for illustrative purposes, a 2025 market size of $5 billion and a Compound Annual Growth Rate (CAGR) of 7% over the forecast period (2025-2033). This implies significant market expansion, reaching an estimated $9.5 billion by 2033. This growth is fueled by several key factors: the rising adoption of LNG as a transportation fuel, particularly in heavy-duty vehicles and maritime applications; the development of new LNG receiving terminals and pipelines in emerging economies; and the ongoing efforts to reduce carbon emissions, making natural gas a transitional fuel of choice. The market is segmented by pipe type (flexible and rigid) and application (ports, factories, LNG gas stations, and others), with flexible pipes gaining traction due to their adaptability in challenging terrains. Key players like Wujin Stainless Steel Pipe Group, LS Metal, and Chart Industries are investing heavily in research and development, focusing on innovative materials and manufacturing techniques to enhance pipe durability and efficiency. However, market growth is not without its challenges. Fluctuations in natural gas prices, stringent regulatory compliance requirements, and the potential for material shortages pose significant restraints. Furthermore, the high initial investment costs associated with LNG infrastructure development can hinder market penetration in certain regions. Despite these challenges, the long-term outlook for the LNG Delivery Pipe market remains positive, driven by the increasing global energy demand and the shift towards cleaner energy solutions. Regional variations exist, with North America and Asia-Pacific expected to dominate the market, fueled by robust economic growth and increasing energy consumption in these regions. Strategic partnerships and technological advancements will play a crucial role in shaping the future competitive landscape of this dynamic market.

Petroleum is the most used fuel source in the United States, with a consumption level of 35.35 quadrillion British thermal units in 2024. Natural gas is the second-most common fuel source, with consumption levels rising closer to that of petroleum over recent years. Petroleum use post-financial crisis Petroleum in the United States is primarily used for fueling the transportation sector, generating heat and electricity, as well as in the production of plastics. U.S. consumption of petroleum was at its highest before the 2008 global financial crisis, when the price of crude oil rose dramatically. Petroleum consumption began to increase again in 2013, before dropping significantly as a result of the COVID-19 pandemic. The rise of natural gas While petroleum consumption has been lower in the last decade than in the early 2000s, the use of natural gas has risen significantly. Natural gas consumption in the United States has seen record highs in recent years, in part due to lower costs and its growing popularity. The U.S. currently produces more natural gas than any country in the world, followed by Russia.

Americans are polled indepth about the energy shortage, its affect on the quality of American life and also about the role of women in society.Questions include ways to deal with the energy crisis, conservation, energy efficiency, depletion of natural resources, deregulation of oil and natural gas, material aspirations, women's attitudes about their jobs, female stereotypes, oppression of women, discrimination against women, treatment of women at work, violence in America including gun control legislation and assassinations.

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Fracking Water Treatment Market Size 2024-2028

The fracking water treatment market size is forecast to increase by USD 1.34 billion, at a CAGR of 4.44% between 2023 and 2028.

The market is experiencing significant growth due to several key drivers. The increasing consumption of natural gas as a primary source of energy is one of the primary factors fueling market growth. Fracking is an essential process in natural gas extraction, and water treatment used in this process is crucial to ensure its reusability and minimize environmental impact. Another trend influencing market growth is the adoption of supercritical carbon dioxide (scCO2) in fracking processes. This technology offers several advantages, including reduced water usage and lower greenhouse gas emissions. However, the market faces challenges, including uncertainty in crude oil prices and the high cost of water treatment technologies. Despite these challenges, the market is expected to continue growing due to the increasing demand for natural gas and the need to minimize water usage and environmental impact in fracking operations.

What will be the Size of the Market During the Forecast Period?

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The market is experiencing significant growth due to the increasing number of drilling projects using hydraulic fracturing (HF) technique for extracting hydrocarbons, including natural gas and crude oil. Hydraulic fracturing requires large volumes of water, which can lead to groundwater contamination and the presence of chemical constituents, pathogens, and other impurities in the produced water. To mitigate these issues, water recycling and wastewater treatment have become essential components of fracking operations. Horizontal drilling and advanced hydraulic fracturing techniques have increased the efficiency of hydrocarbon extraction, leading to an increased demand for water treatment solutions. The natural gas market's growth and hydrocarbon discoveries have also driven the demand for fracking water treatment.
However, environmental concerns, such as water shortage and wastewater reuse, have led to the exploration of alternative water sources and the development of technologies for the treatment and reuse of produced water. The produced water contains dissolved solids, salts, hazardous metals, radionuclides, and chemical additives, making wastewater treatment a complex process. Biofuels and other industrial applications also contribute to the demand for wastewater treatment in the fracking industry. Overall, the market for fracking water treatment is expected to grow significantly due to the increasing demand for hydrocarbons and the need for environmental efficiency in fracking operations.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Treatment and recycle
  Deep well injection


End-user

  Commercial
  Industrial
  Residential


Geography

  North America

    Canada
    US


  Europe

    France


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Application Insights

The treatment and recycle segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth due to the increasing demand for water in various industries, particularly in the Natural Gas market with the rise of horizontal drilling and hydraulic fracturing techniques. These processes consume vast quantities of water, leading to concerns over groundwater contamination and the depletion of freshwater resources. As a result, there is a growing emphasis on water recycling and wastewater treatment to ensure environmental efficiency and minimize the use of freshwater. The hydraulic fracturing process involves the injection of large volumes of water, along with chemical constituents, into shale formations to extract hydrocarbons. This process can lead to the introduction of pathogens, dissolved solids, salts, hazardous metals, and radionuclides into groundwater and surface water.

Moreover, the demand for crude oil and the increasing number of drilling projects further intensify the need for water treatment. Water treatment technologies play a crucial role in addressing the environmental considerations of the fracking process. These technologies enable the removal of contaminants, including chemical additives, from the wastewater, making it suitable for reuse in drilling operations or for other industrial purposes. However, regional nuances and potential challenges, such as the availability of water resources and the cost of treatment, may impact the market's growth trajectory. Industrialists are increasingly focusing on downh

The United States oil and gas pipeline maintenance, repair, and overhaul (MRO) market is experiencing robust growth, driven by the aging infrastructure requiring increased maintenance and the ongoing need for operational efficiency and safety compliance. With a market size exceeding $XX million in 2025 and a projected Compound Annual Growth Rate (CAGR) above 3.00%, this sector presents significant opportunities for companies specializing in pipeline services. The onshore segment currently holds a larger market share compared to the offshore segment due to the extensive network of onshore pipelines. Crude oil pipelines constitute a larger portion of the market compared to gas pipelines, reflecting the higher volume and complexity of crude oil transportation. Key growth drivers include stringent government regulations mandating regular inspections and maintenance, increasing demand for pipeline capacity driven by energy consumption, and technological advancements in pipeline inspection and repair techniques such as advanced robotics and non-destructive testing. However, factors such as fluctuating oil and gas prices, potential workforce shortages in skilled labor, and the environmental concerns surrounding pipeline operations pose challenges to market expansion. The major players, including Sulzer Ltd, National Energy Services Reunited Corp, and others, are focusing on strategic partnerships, technological innovation, and expansion into new geographical areas to capitalize on the market's growth potential. The forecast period of 2025-2033 anticipates sustained growth fueled by the ongoing need for reliable and safe pipeline operations. The competitive landscape is characterized by a mix of large multinational corporations and specialized service providers. Companies are investing heavily in research and development to improve the efficiency and effectiveness of MRO services, including the development of advanced materials and technologies for pipeline repair and maintenance. The market is also witnessing a growing adoption of digital technologies, such as predictive maintenance and data analytics, to optimize maintenance schedules and reduce downtime. The geographical concentration of pipelines within the United States leads to regional variations in market growth. Regions with higher pipeline density and activity witness greater demand for MRO services. Continued investment in pipeline infrastructure modernization and expansion, along with the increasing emphasis on environmental sustainability, will shape future market dynamics and drive the need for efficient and environmentally friendly MRO solutions. Recent developments include: In February 2021, Virginia natural gas company RGC Resources Inc. announced that the joint venture is building the Mountain Valley gas pipeline worth USD 5.8 billion - USD 6.0 billion from West Virginia to Virginia. The pipeline is expected to be completed by mid-2022., In August 2021, the Dakota Access Pipeline (DAPL) Expansion project increased its capacity by 180,000 BPD along with the DAPL system by adding horsepower and upgrades at pump stations. The DAPL system runs from North Dakota through South Dakota and Iowa and ends near Patoka, Illinois, in the United States.. Notable trends are: Natural Gas Pipeline to Witness a Significant Growth.

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Produced Water Treatment Market Size 2024-2028

The produced water treatment market size is forecast to increase by USD 2.98 billion at a CAGR of 7.06% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The increasing global concerns regarding water scarcity and the need for freshwater usage in various industries are major factors fueling market growth. Additionally, the rise in unconventional gas resources, such as shale formations, has led to an increase in produced water generation. This water must be treated before it can be safely disposed of or reused, creating a demand for advanced water treatment technologies. Furthermore, the increasing use of renewable energy sources, particularly in oil and gas operations, is driving the adoption of membrane filtration and electrocoagulation techniques for produced water treatment. Population growth and urbanization are also putting pressure on freshwater resources, making the treatment and reuse of produced water an essential solution for meeting future water demands. Overall, the market is expected to continue growing as companies seek sustainable and cost-effective solutions for managing produced water.

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The produced water market is witnessing significant growth due to the increasing oil & gas exploration activities. Urbanization and population growth in various regions have led to an increase in the demand for fossil fuels, resulting in a wave in crude oil and natural gas production. This, in turn, leads to the generation of large volumes of produced water. Produced water contains impurities such as oil droplets, sediments, mud particles, heavy metal particles, salts, hydrocarbons, and organic compounds. Regulatory requirements, water scarcity, environmental concerns, freshwater usage, and energy consumption are some of the key factors driving the demand for produced water treatment.

Moreover, membrane filtration and electrocoagulation are the most commonly used treatment technologies for producing water. These technologies help in removing impurities and making the water suitable for reuse or disposal. The oil and gas industry generates produced water from oil and gas reservoirs, and it also enters the water stream through river streams during transportation and industrial activities. Therefore, the market is expected to grow significantly in the coming years.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Onshore
  Offshore


Technology

  Secondary treatment
  Primary treatment
  Tertiary treatment


Geography

  North America

    US


  Europe



  Middle East and Africa



  South America

    Brazil


  APAC

By Application Insights

The onshore segment is estimated to witness significant growth during the forecast period. The market in the onshore segment is projected to expand at a steady pace over the upcoming years. Onshore oil and gas production has been the primary contributor to global production, making the onshore segment a significant market for produced water treatment. The wave in shale gas production in the US, particularly in recent years, has significantly boosted the demand for produced water treatment. During shale gas extraction, vast quantities of water are utilized for hydraulic fracturing, resulting in the production of large volumes of water containing oil droplets, sediments, mud particles, heavy metal particles, salts, hydrocarbons, and organic compounds.

Moreover, the produced water, which emerges at the surface, requires treatment to meet regulatory standards and to minimize environmental impact. This high volume of produced water in the US, driven by its shale gas boom, has resulted in a high water-oil ratio (WOR), making the market a vital sector in the country.

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The onshore segment was valued at USD 4.05 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The United States and Canada are significant contributors to oil and gas production in North America, with the US being the world's largest crude oil producer. With the maturity of many oilfields in the US and the expansion of the shale gas industry, there is an increase in the generation of produced water. This water contains oil droplets, sediments, mud particles,

"Shown dramatically by the recent crisis involving petroleum and natural gas, shortages and rising prices foreshadow an end to unlimited consumption of natural resources at traditionally low prices. Alleviating these growing shortages of fossil fuels will require increased production from traditional sources and development of new sources. These new sources include tar sand, oil shale, and the in situ combustion of coal. The U.S. tar sand resource and related recovery technology has never been a target of a major research effort by the private sector, perhaps due in part to the fact that most of the known resource is on federal land. Due to this low level of activity by the petroleum industry to develop the domestic tar sand resource, the United States Department of Energy's Laramie Energy Technology Center (LETC) began in 1971 working with the tar sand resource in Utah. The initial work was with the defining, characterizing and analyzing of deposits and the determining of the most promising recovery methods for testing. Specifically the objectives were: 1. To determine the feasibility of in situ oil recovery methods applied to tar sand. 2. To establish a system for classifying tar sand deposits relative to those characteristics that would affect the design and operation of in situ recovery processes. The LETC tar sand activity has created the only multi-disciplined tar sand research staff in the United States. The LETC tar sand program technical staff members and support staff represent approximately 200 man years of tar sand research experience in resource characterization, resource recovery, product treatment, reservoir access, environmental mitigation, and control technology and compliance. The LETC assembled and managed tar sand data base is the only significant compilation of tar sand resource and technology data in the public sector. A program of informal data and information exchange has been developed and is maintained by the LETC technical program management staff between the LETC and all interested private and governmental concerns. The purpose of this report is to document all of the LETC tar sand activity on tar sand deposits in the Uinta Basin in Utah."

There has been a significant shortage of steel tubular goods for oil and gas producers in the United States, according to a June 2022 survey. These goods included drill pipes and casings. According to oil and gas executives, equipment and sand were other materials that faced significant shortages. Manufacturing disruptions and labor shortages are largely the result of the coronavirus pandemic, as producing hubs were closed or run on reduced capacities and many businesses were forced to reduce their workforce.

Urea price soared by +46% in October 2021, reaching $612.5 per ton, according to the latest World Bank's data. The spike was caused by a sharp slump in the world's production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.

Orbital Welding Systems for Oil and Gas Market Outlook

According to our latest research, the global orbital welding systems for oil and gas market size reached USD 1.34 billion in 2024, demonstrating robust demand driven by the sector’s focus on precision, safety, and operational efficiency. The market is expected to expand at a CAGR of 6.7% from 2025 to 2033, resulting in a forecasted market size of USD 2.41 billion by 2033. Key growth factors include the ongoing modernization of oil and gas infrastructure, stringent regulatory requirements for weld quality, and the growing adoption of automation to improve productivity and reduce operational risks.

The primary growth driver for the orbital welding systems for oil and gas market is the increasing complexity and scale of pipeline and infrastructure projects worldwide. As oil and gas companies invest in new exploration, production, and distribution facilities, the demand for high-quality, repeatable welds that minimize human error has surged. Orbital welding systems, known for their automated and consistent performance, have become essential in ensuring welded joints meet rigorous industry standards. Furthermore, the rapid expansion of liquefied natural gas (LNG) terminals, cross-border pipelines, and petrochemical complexes is fueling adoption, as these projects require advanced welding solutions capable of handling diverse pipe diameters and challenging environments.

Another significant factor bolstering market growth is the shift towards digitalization and automation within oil and gas operations. Companies are increasingly turning to orbital welding systems equipped with advanced controls, real-time monitoring, and data analytics to enhance weld quality assurance and documentation. This trend is particularly pronounced in regions with a shortage of skilled welders, where automated systems help bridge the labor gap while maintaining safety and quality. Moreover, the integration of Industry 4.0 technologies, such as IoT-enabled sensors and remote diagnostics, is enabling predictive maintenance and minimizing downtime, thus supporting higher productivity and cost savings for oil and gas operators.

Stringent health, safety, and environmental regulations are also catalyzing the adoption of orbital welding systems in the oil and gas sector. Regulatory bodies in North America, Europe, and Asia Pacific are mandating stricter quality controls and documentation for welded joints in pipelines and processing facilities. Orbital welding systems, with their capacity for producing repeatable, high-integrity welds and generating comprehensive weld records, are increasingly favored by companies seeking to comply with these standards. Additionally, the heightened focus on environmental sustainability and leak prevention in pipeline projects is prompting operators to invest in welding technologies that minimize the risk of weld failures and subsequent spills.

Regionally, North America and Asia Pacific are leading the adoption of orbital welding systems in the oil and gas market. North America’s dominance is underpinned by large-scale investments in shale gas, pipeline expansions, and refinery upgrades, while Asia Pacific is witnessing rapid growth due to infrastructure development in emerging economies like China and India. Meanwhile, the Middle East & Africa region continues to invest heavily in upstream and midstream projects, further amplifying demand for advanced welding solutions. Europe, characterized by stringent safety standards and aging infrastructure, is also contributing to market growth through ongoing modernization initiatives.

Product Type Analysis

The product type segment of the orbital welding systems for oil and gas market is primarily divided into portable orbital welding systems and fixed orbital welding systems. Portable orbital welding systems are gaining significant traction due to their versatility and ease of deployment in field operations such as pipeline construction and repair. These compact systems are designed for mobility, enabling technicians to perform high-quality welds in remote or challenging locations where traditional welding setups may be impractical. The portability factor is especially critical in large-scale pipeline projects that span vast terrains, as it reduces setup time, enhances operational flexibility, and lowers transportation costs.

On the other han

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Oil And Gas Fishing Market Size 2025-2029

The oil and gas fishing market size is forecast to increase by USD 2.24 billion, at a CAGR of 6.4% between 2024 and 2029.

The market is driven by the escalating demand for oil and gas, necessitating the need for effective fishing techniques to extract resources from reservoirs. Technological advancements in exploration, mechanical elements, fishing operations, and shale gas production through horizontal drilling and hydraulic fracturing, also play a significant role. However, the market faces a significant challenge: the lack of skilled labor to operate these advanced technologies. As the industry evolves, companies must invest in training programs to address this workforce shortage and ensure the successful implementation of innovative fishing solutions. Furthermore, the increasing adoption of intelligent fishing systems, including real-time monitoring and automation, is expected to enhance operational efficiency and productivity.
Despite these opportunities, the industry must also navigate the challenges posed by complex reservoir conditions and stringent regulatory requirements. By staying abreast of technological advancements and investing in workforce development, companies can capitalize on market opportunities and navigate challenges effectively. Drilling projects rely on a myriad of mechanical elements, including pumps and drill strings, to extract resources. This trend is expected to continue, making it essential for companies to invest in training and development programs to meet the growing demand for expertise.

What will be the Size of the Oil And Gas Fishing Market during the forecast period?

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The market encompasses the intersection of the seafood industry and various sectors of the energy industry. This market is influenced by numerous factors, including marine ecology, fishing economics, and renewable energy. For instance, the proliferation of offshore wind farms poses both opportunities and challenges for fishing communities. On one hand, these installations can create artificial reefs, attracting fish and boosting seafood population dynamics. On the other hand, they can disrupt traditional fishing strategies and require the adoption of new techniques, such as subsea intervention and the use of autonomous underwater vehicles. Climate change and ocean acidification also impact the fishing industry, affecting fish behavior and physiology.
To mitigate these effects, researchers employ oceanographic research and underwater robotics to monitor fish population dynamics and develop sustainable fishing strategies. Meanwhile, the rise of seafood culture and tourism creates new opportunities for seafood processing, retail, and packaging. Furthermore, the integration of renewable energy into the oil and gas sector is transforming the market landscape. For example, carbon capture technologies can reduce greenhouse gas emissions from offshore oil and gas operations, while seismic surveys and pipeline inspection can be conducted using renewable energy sources. In the realm of underwater robotics, the development of remotely operated vehicles and autonomous underwater vehicles is enabling more efficient and eco-friendly exploration and intervention activities.

How is this Oil And Gas Fishing Industry segmented?

The oil and gas fishing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Onshore
  Offshore


Product

  Casing cutters
  Milling tools
  Overshoots and spears
  Fishing jars


Type

  Fishing tools
  Fishing services
  Rental services


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan


  Rest of World (ROW)

By Application Insights

The onshore segment is estimated to witness significant growth during the forecast period. In the dynamic marine environment, various entities intertwine to shape the market. Onshore activities, a crucial component, encompass drilling rigs extracting oil and gas through advanced technology and machinery. Hydrographic surveys and seabed mapping aid in locating potential resources, while fishery management and environmental monitoring ensure sustainable practices. Fish handling, seafood safety, and fish storage are integral to the seafood supply chain, which is influenced by fishing quotas, seasons, and target species. Navigation systems and weather forecasting ensure safe and efficient operations, as does corrosion prevention and fishing vessel design. Fishing gear maintenance, innovation, and bycatch reduction contribute to economic impact and sustainability.

Offshore fishing involves drilling rigs, production platfor

IoT Medical Gas Manifold Monitors Market Outlook

According to our latest research, the IoT Medical Gas Manifold Monitors market size reached USD 1.24 billion in 2024 globally, reflecting robust adoption across healthcare infrastructures. The market is projected to expand at a compound annual growth rate (CAGR) of 9.7% from 2025 to 2033, reaching an estimated USD 2.92 billion by 2033. This impressive growth is primarily driven by the urgent need for real-time monitoring, enhanced patient safety, and the integration of advanced IoT technologies in medical gas management systems. As per our latest research, the market’s expansion is further fueled by the increasing digitization of healthcare facilities and the rising demand for automation and remote monitoring solutions.

A key growth factor for the IoT Medical Gas Manifold Monitors market is the surging demand for real-time monitoring and control of medical gas supply in hospitals and clinics. With the rapid digital transformation of healthcare infrastructures, medical facilities are prioritizing patient safety and operational efficiency. IoT-enabled manifold monitors offer healthcare providers the ability to track gas levels, detect leaks, and receive instant alerts for any deviations from safety standards. This capability is critical in high-acuity environments such as intensive care units, emergency rooms, and surgical theaters, where uninterrupted gas supply can be a matter of life and death. Additionally, the integration of these systems with hospital information management systems and building automation solutions is streamlining workflows and reducing manual intervention, further propelling market growth.

Another significant driver is the rising prevalence of chronic diseases and the increasing number of surgical procedures worldwide, which have amplified the demand for reliable and continuous medical gas supply. The pandemic further highlighted the importance of robust medical gas infrastructure, especially for oxygen and medical air, as healthcare facilities faced unprecedented patient loads. IoT-based manifold monitors have proven invaluable in supporting these surges by providing predictive maintenance alerts and optimizing gas usage, thereby preventing shortages and ensuring operational continuity. As healthcare providers look to future-proof their infrastructure, investments in advanced monitoring technologies are expected to rise, creating a fertile environment for market expansion.

The growing emphasis on regulatory compliance and safety standards is also accelerating the adoption of IoT medical gas manifold monitors. Regulatory bodies across major regions, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), mandate stringent monitoring and reporting of medical gas usage and quality. IoT manifold monitors facilitate automated record-keeping and compliance reporting, minimizing the risk of human error and enabling healthcare facilities to meet evolving regulatory requirements efficiently. Furthermore, the increasing focus on sustainability and resource optimization is encouraging hospitals to adopt smart monitoring solutions that minimize gas wastage and reduce operational costs.

Regionally, North America continues to dominate the IoT Medical Gas Manifold Monitors market, accounting for the largest share in 2024, followed closely by Europe and the rapidly growing Asia Pacific region. North America’s leadership is attributed to advanced healthcare infrastructure, early adoption of IoT technologies, and a strong regulatory framework. Europe benefits from significant investments in healthcare digitization and stringent safety standards, while Asia Pacific is witnessing accelerated growth due to healthcare modernization initiatives, expanding private hospital networks, and rising healthcare expenditure. Latin America and the Middle East & Africa are also experiencing steady growth, driven by increasing healthcare investments and the gradual adoption of smart healthcare technologies.

Product Type Analysis

The Product Type segment of the IoT Medical Gas Manifold Monitors market is categorized into Centralized Manifold Monitors, Modular Manifold Monitors, and Portable Manifold Monitors. Centralized manifold monitors currently hold the largest market share due to their widespread deployment in large hospitals and healthcare facilities. These systems

Abstract of associated article: This paper analyzes the effects of the Commodity Futures Trading Commission's (CFTC) announcements on the stock returns of oil and gas companies around the financial crisis of 2008. Using event study methodology and regression analyses, we examine a set of 122 oil and gas related stocks listed in the New York Stock Exchange (NYSE) for 35 announcements. Our results indicate that CFTC announcements, depending on their content, can affect the stock returns of oil and gas companies. In particular, this is found to hold true during the period of high-volatility in oil prices, i.e., the period following Lehman Brothers failure. During this period, oil and gas related stock returns respond positively to most regulatory announcements, showing that the CFTC's regulatory interventions are perceived positively by the stock market.