LNG bunkering market is anticipated to grow at an exponential CAGR of 32.5% during the forecast period (2024-2031). LNG bunkering is a framework in which biomass is utilized optimally to produce multiple products and tries to be self-sustaining and not harmful to the environment.
EOR market is anticipated to grow at a CAGR of 6.9% during the forecast period. The growth of the market is mainly driven by the rising global energy demand, due to factors such as population expansion, industrialization, and urban development. Additionally, with depleting conventional oil reserves, there is an increasing reliance on EOR techniques to optimize production from existing oil fields.
The oil industry involves different operations related to the exploration, production, refining, and transportation, and marketing of petroleum and crude products. The US oil industry is considerably dependent on the oil production coupled with the growth in the transportation sector and increasing energy demand.
Oil industry includes operations, such as exploration, production, refining, and transportation, and marketing of petroleum and crude products. There is a considerable dependency on the oil production globally coupled with the growth in the transportation sector and increasing global energy demand.
The global offshore crane market is growing significantly at a CAGR of around 8.0% during the forecast period. Offshore crane is a pedestal mounted elevating and rotating lifting device that is utilized to transfer materials from one vessel to another. Offshore crane is utilized in the production and drilling operation, heavy-lift and shipboard applications. The global offshore Crane market is significantly growing attributed to prominent trends that the market is witnessing such as increasing the installation of float over and lift processes and increasing the offshore renewable industry.
Plastic to fuel market is expected to grow at a considerable rate during the forecast period 2019-2025. The plastic to fuel is a method to convert plastic into fuel in the presence of oxygen and the products are utilized in various applications such as automotive, industrial, food & beverages, agriculture, and others.
Coal handling is a very complex process that involves handling of coal from its unloading at the plant site to its subsequent firing in the boiler furnace. Over this subsequent period of time coal goes through a number of preparation and storage phase which requires certain equipment to handle coal in power plants.
The global biomass power generation market is expected to grow at a CAGR of around 8.5% during the forecast period (2021-2027). Biomass refers to biodegradable organic materials which are non-fossilized and originate from biological sources resulting from animals, plants, and micro-organisms.