Vacuum Insulated Tubing Market Scope And Analysis

  • Report Code : TIPRE00029911
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 108
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Vacuum Insulated Tubing Market Analysis, Size, and Growth (2023-2030)

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Vacuum Insulated Tubing Market Report Vacuum Insulated Tubing Market Size and Share Vacuum Insulated Tubing Market Scope and Analysis

Vacuum Insulated Tubing Market Report Scope

Report Attribute Details
Market size in 2022 US$ 35.71 Million
Market Size by 2030 US$ 61.38 Million
Global CAGR (2022 - 2030) 7.3%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Application
  • Onshore and Offshore
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Andmir Group
  • Exceed Oilfield Equipment Inc
  • Imex Canada Inc
  • ITP Interpipe
  • Dongying Lake Petroleum Technology Co Ltd
  • Nakasawa Resources
  • Shengji Group
  • Tenergy Equipment and Service Ltd
  • TMK Group

    • Recent Developments:

     

    Inorganic and organic strategies such as mergers and acquisitions are highly adopted by the vacuum insulated tubing market players operating in the market. A few recent key vacuum insulated tubing market developments are listed below:

    • In March 2022, ADNOC Onshore, which operates onshore and in shallow coastal waters of the Emirate of Abu Dhabi, announced a US$ 227 million contract for enhanced oil recovery (EOR) at Bab Field. The company used advanced polymers to boost recoverable reserves up to 70% while unlocking additional barrels of Murban crude.
    • In April 2023, BP commenced oil production at its Argos platform located in the Gulf of Mexico. The Argos platform is a deepwater facility spread ∼200 miles south of New Orleans, Louisiana. The platform is designed with LoSal Enhanced Oil Recovery (EOR) and Dynamic Digital Twin technologies to extract oil from the Mad Dog 2 field, a large, high-quality oil reservoir located in southern Green Canyon area.