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Why the Global Oil and Gas Hydraulic Equipment Market is set to explode? Top Companies: Danfoss, Hannon Hydraulics, LLC, Denley Hydraulics Limited, TRC Hydraulics Inc, HMS Group, Aberdeen Dynamics, Inc., Hydrastore Limited, Independent Hydraulics Inc,
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Report Description:
An in-detailed analysis of the oil and gas hydraulic equipment market
Key factors promoting and demoting the market
Interesting insights and Key industry developments of the oil and gas hydraulic equipment market
Key players operating in the oil and gas hydraulic equipment market
Key strategies adopted by players such as mergers and acquisitions, company collaborations, and others
Other oil and gas hydraulic equipment market trends
Some of the key industry developments in theoil and gas hydraulic equipment market are:
August 2019 - Dharmendra Pradhan, the Indian Petroleum Minister, declared the seeking of investments from other parts of the world into the Indian oil and gas sector. He said that the investments are worth INR 5 trillion engaged in activities such as marketing, regasification, distribution, exploration, and pipeline network laying.
September 2019 - The asset Purchase Agreement closure was announced by Cuda Oil and Gas Inc., for selling all their natural gas and petroleum rights in Quebec. This includes all licenses, production rights, permits, and interest in the Quebec Province coupled with all the tangible assets including the drilling and other related equipment.
Some of the significant oil and gas hydraulic equipment marketmanufacturers include:
Denley Hydraulics Limited
HYDAC Netherlands
LLC
The Weir Group PLC
Maximator GmbH
HMS Group
W?rtsil?
Parker Hannifin
Danfoss
Independent Hydraulics Inc.
Hydrastore Limited
TRC Hydraulics, Inc.
Aberdeen Dynamics, Inc.
Hannon Hydraulics
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North America to Emerge Dominant with Rise in Regional Shale Gas Activities
From a geographical perspective, the global oil and gas hydraulic equipment market are widespread into five major regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. These regions are further categorized into countries. Among these, North America is contributing a dominant oil and gas hydraulic equipment market share. This is owing to the rise in extraction and shale gas activities especially from the U.S. Apart from that, companies in North America are switching to fugal, innovative, and economical technology for cost reduction of extraction or fracking of shale gas.
On the other hand, the Middle East and Africa region are likely to have a positive influence on the oil and gas hydraulic equipment market in the region. Currently, this region stands as the largest exporter of oil and gas in the world. The oil and gas reserves in Africa are still unexplored. Therefore, this region may serve as a lucrative market opportunity in the forecast period.
Heavy Investments in Land Permits, Production Rights and Others to Bode Well for Players
Various oil and gas hydraulic equipment market vendors are entering into strategic collaborations to expand their portfolio and earn high revenues collectively. Companies are also investing huge sums into licensing, land permits, production rights and other government impositions to ensure smooth oil and gas operations in the respective reserves.
Regional Analysis:
North America (The USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
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Surging Demand from Various Sectors such as Fertilizers, Pharmaceuticals, and others to Boost Market
The rise in demand for energy is a major factor boosting the oil and gas hydraulic equipment market growth. Besides this, oil and gas also act as a significant supplier of raw materials for chemical products. Therefore, the increasing demand for oil and gas from end use industries such as pesticides, solvents, fertilizers, pharmaceuticals, and others is further expected to increase the overall oil and gas hydraulic equipment market size in the forecast period.
Additionally, the need for refurbishment, up-gradation and modernization of oil and gas industry infrastructure is also an important oil and gas hydraulic equipment market growth driver. In addition to that, the IoT and Automation based equipment are further expected to increase the overall oil and gas hydraulic equipment market size in the near future.
Major Table of Content for Oil & Gas Hydraulic Equipment Market:
Introduction
Executive Summary
Market Dynamics
Key Insights
Global Oil & Gas Hydraulic Equipment Market Analysis, Insights and Forecast 2026
North America Oil & Gas Hydraulic Equipment Market Analysis, Insights and Forecast 2026
Europe Oil & Gas Hydraulic Equipment Market Analysis, Insights and Forecast 2026
Asia Pacific Oil & Gas Hydraulic Equipment Market Analysis, Insights and Forecast 2026
Middle East and Africa Oil & Gas Hydraulic Equipment Market Analysis, Insights and Forecast 2026
Latin America Oil & Gas Hydraulic Equipment Market Analysis, Insights and Forecast 2026
Competitive Landscape
Company Profile
Conclusion
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