October 04, 2022 13:15 ET | Source: Straits Research Straits Research

New York, United States, Oct. 04, 2022 (GLOBE NEWSWIRE) -- The U.S. is one of the most industrialized economies in the world. The country holds a prominent share of the global oil and gas and pharmaceutical industries, which is expected to further grow in upcoming years.

Burgeoning shale gas operations in the U.S. drive the oil and gas industry and, subsequently, the adoption of modular process skids in it. In 2018, annual natural gas production in the U.S. was 30.6 trillion cubic feet (Tcf), the highest ever recorded. This was the result of horizontal drilling and hydraulic fracturing techniques introduced in the region in 2005. In the U.S., five states accounted for roughly 68% of total U.S. dry natural gas production in 2018.

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The U.S. Energy Information Administration estimates the U.S. has about 464 Tcf of proven wet natural gas resources and close to 2,137 Tcf of untapped dry natural gas resources. These large reserves further engender lucrative growth opportunities for U.S. players in the oil and gas industry to increase exploration and production processes for gaining maximum traction. As modular skids can be easily operated and relocated and maximize production time, they are used to operate faster and more efficiently.

Another critical factor that has boosted the demand for modular process skids in the U.S. market is the country’s well-established chemical and pharmaceutical industries. The U.S. houses the largest pharmaceutical industry in the world, which significantly contributes to its economy. As a result, the country’s government is considerably restructuring the healthcare system to obtain more profitable outcomes.

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The U.S. Modular Process Skid Market: Segmentation

4.2       Value Chain Analysis: U.S. Modular Process Skid Market

4.4       Porter’s Five Forces Analysis

4.6       Forecast Factors & Relevance of Impact

4.15.1 Pre and Post Covid-19 Market Scenario Analysis

4.15.2 Market Recovery Timeline and Challenge

4.15.3 Measures Taken by Top Players

4.15.4 Quarterly Market Revenue and Growth Forecast Till 2030

5.1.1   Market Size & Forecast (Value & Volume)

5.2.1   Market Size & Forecast (Value & Volume)

5.3.1   Market Size & Forecast (Value & Volume)

6.1.1   Market Size & Forecast (Value & Volume)

6.2.1   Market Size & Forecast (Value & Volume)

6.3.1   Market Size & Forecast (Value & Volume)

6.4.1   Market Size & Forecast (Value & Volume)

6.5.1   Market Size & Forecast (Value & Volume)

6.6.1   Market Size & Forecast (Value & Volume)

7.1.1   Market Size & Forecast (Value & Volume)

8          Competitive Landscape — Manufacturers & Suppliers

8.6      National Takanah Steel Fabrication Factory

8.8      Zhejiang NAMAG Equipment Manufacturing Co., Ltd.

8.11    Specialty Process Engineering Company, LLC

Table of Content and Figure @  https://straitsresearch.com/report/us-modular-process-skid-market/toc

The U.S. Chemical & Pharma Industries Are among the Largest in the Word & Present Significant Growth Opportunities for the U.S. Modular Process Skid Market

Rising Incidence of Natural Calamities to Swift the Need for Even More Modular Bridges

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