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2025-10-01 06:11:08 -

Downhole Tools Market expected to show significant growth over the forecast period

The global downhole tools market was valued at USD 4.73 billion in 2023 and is projected to reach USD 6.56 billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030. The growth of this market is primarily driven by the increasing exploration and production activities in the oil and gas industry, as the global demand for energy continues to rise. Companies are actively investing in the...

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