Bow Loading System for Oil & Gas Market Share

North American Market Forecasts

The North America region is predicted to dominate the bow loading system for oil & gas market by registering growth rate of 35% by the end of forecast period. Stringent safety and environmental regulations in the region are prompting oil and gas companies to integrate safer and more environmentally friendly technologies such as BLS. Furthermore, the BLS manufacturers also are constantly innovating and developing new features and functionalities making them even more attractive for operators.  This is predicted to drive the growth of bow loading system for oil and gas market in the North American region during the projected period.

European Market Statistics

The bow loading system for oil & gas market in the Europe region is set to grow significantly by the end of 2036. The growth of this market can be primarily driven by the increasing growth of automotive sector in the region. Europe produced around 11 million passenger cars in 2020, representing a 21 % share of global production. Furthermore, European regulators are implementing increasingly strict regulations to protect the environment from oil and gas spills. Bow loading systems can help to comply with these regulations by providing a safe and efficient way to transfer oil and gas in the region.