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Oil & Gas Electrification Market Share

Report ID: GMI5291
Published Date: Jul 2022
Report Format: PDF

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Oil & Gas Electrification Market Share

Major companies operating in the market are

Schlumberger Limited
ConocoPhillips Company
Chevron Corporation
ZTT
LS Cable & System Ltd.
Southwire Company, LLC
Prysmian S.p.A.
Aker Solutions
Siemens
General Electric
Equinor ASA
Nexans
Norddeutsche Seekabelwerke GmbH
ABB

These leaders are focusing on the introduction of advanced technologies with extensive product installations, positively impacting the industry scenario. Furthermore, strategic partnerships, contracts and inorganic growth ventures among major players will complement the industry expansion.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of oil & gas electrification surpassed USD 1.4 billion in 2021 and is anticipated to record over 31% CAGR during the forecast period of 2022-2030.

The offshore wind technology segment will cross USD 19 billion by 2030 due to the growing emphasis of governments on achieving the zero-emission targets.

Europe market share will increase considerably by 2030 because of the rising inclination towards the decarbonization of the region’s oil & gas sector along with the extensive creation of eco-friendly solutions to generate power.

ZTT, Chevron Corporation, ConocoPhillips Company, Schlumberger Limited, Southwire Company, LLC, and LS Cable & System Ltd., among many others, are the leading market participants.