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Pressure Control Equipment Market To Reach USD 12.2 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]

Baker Hughes Company (BKR) 
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, April 28, 2024 (GLOBE NEWSWIRE) -- The technological advances and integration of sensors and artificial intelligence push forward the growth of the industry. Technological advancements in oilfield equipment are pivotal drivers fueling market growth within the energy sector. Innovations in well drilling and completion technologies have expanded the industry's capacity to tap into previously inaccessible oil and natural gas reservoirs, thereby meeting the escalating global demand for energy. Moreover, these advancements have contributed to mitigating the environmental impact of energy production by optimizing production efficiency and reducing the need for excessive drilling. Integrating advanced sensors and artificial intelligence (AI) technologies has revolutionized the drilling process, enhancing operational efficiency and resource utilization. Technological progress is instrumental in unlocking new energy resources, accessing remote or challenging loca Show less Read more
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