The global floating production storage & offloading market is projected to reach USD 26.0 billion by 2024 from an estimated USD 19.5 billion in 2019, recording a CAGR of 5.9% during the forecast period. The increasing number of offshore exploration & production activities and rise in deep- and ultra-deepwater oil & gas production are factors projected to drive the growth of the floating production storage and offloading market, globally.
North America dominated the cardiac rhythm management devices market with a share of 37.33% in 2019. This is attributable increasing incidence of heart failures and arrhythmia and availability of technologically advanced cardiac rhythm management (CRM) devices
The PDC drill bits market is expected to grow from an estimated USD 3.66 Billion in 2018 to USD 4.54 Billion by 2023, at a CAGR of 4.41% during the forecast period. This growth can be attributed to factors such as increasing oil & gas drilling activities in the world and need for advanced techniques for faster drilling in less downtime.
The global 3D Printing Construction market size was valued at USD 4.58 million in 2019 and is anticipated to grow at a CAGR of 225.2% during the forecast period.
Increasing rising concerns overpower stability for uninterrupted business operations during natural calamities will be the revenue pockets for the portable generator market in the next five years.
Increasing exploration & production activities from discoveries offer lucrative opportunities to increase the revenue of the coiled tubing market over the next five years.