The Worldwide Offshore Wind Turbine Industry is Expected to Reach $28+ Billion by 2025
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The offshore wind turbine market is expected to grow at a compound annual growth rate of 17.19% over the forecast period to reach a market size of US$28.612 billion in 2025 from US$11.044 billion in 2019. Offshore Wind Turbine are the pivotal infrastructure in the wind renewable market. The turbines harness the wind energy and transform into the electricity. As per the offering, the offshore wind turbine market provides a plethora of services such as material expertise, welding solutions, coatings and resurfacing, design modelling of the wind turbine facility, installing sensors for regular monitoring and conducting inspections to the sites.
The global oilfield integrity management market size is expected to reach USD 22.87 billion by 2027 while exhibiting a CAGR of 7.8% between 2020 and 2027. This
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The global OTC probiotic supplements market is expected to grow at a CAGR of 8.29% over the forecast period to reach a total market size of US$11,980.809 million by 2025, increasing from US$7,389.581 million in 2019.
OTC probiotics supplements includes all types of supplements that are available in various distribution channels and are often called nonprescription probiotics supplements. The increasing popularity of probiotic supplements coupled with the rising health awareness is expected to drive the growth of the market during the forecast period. In addition, the expanding scope of probiotics application is anticipated to boost the demand in the coming years. Furthermore, there is a favorable outlook of people toward medical nutrition in the developed countries like United States and Germany on account of the growing prevalence of digestive diseases and problems. Rising health awareness has resulted in t
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Worldwide Reservoir Analysis Industry to 2026 - Increasing Investments in the Oil & Gas Sector Will Drive the Market
March 15, 2021 10:18 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The global reservoir analysis market is evaluated at US$7.737 billion for the year 2020 growing at a CAGR of 4.67% reaching the market size of US$10.174 billion by the year 2026. Reservoir analysis refers to the analysis of the rocks, pores and fluids inside a reservoir to optimise their production and recovery techniques. The methods and equipment used in the analysis develops subsurface data which helps in the analysis of the reservoir in order to increase the reliability of the reservoir. The market is majorly driven by the rapid increase in the complexities of the reservoir due to increasing depth and the also with rising use of horizontal wells as well. The analysis also helps in furt