Dublin, June 13, 2023 (GLOBE NEWSWIRE) -- The "Well Casing and Cementation Hardware - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Well Casing and Cementation Hardware estimated at US$9.8 Billion in the year 2022, is projected to reach a revised size of US$14 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030.
Casing, one of the segments analyzed in the report, is projected to record 4.8% CAGR and reach US$10.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Cementing segment is readjusted to a revised 3.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 7.6% CAGR
The Well Casing and Cementation Hardware market in the U.S. is estimated at US$2.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Select Competitors (Total 47 Featured) -
- Centek Group
- Forum Energy Technologies
- National Oilwell Varco, Inc.
- Neoz Energy Pvt., Ltd.
- Sledgehammer Oil Tools Pvt. Ltd.
- Summit Casing Equipment
- Tenaris SA
- Vallourec Group
- Weatherford International Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 297 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $9.8 Billion |
| Forecasted Market Value (USD) by 2030 | $14 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Casing & Cementation Hardware Market: A Prelude
- Casing & Cementation Hardware - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Surging Energy Demand Worldwide and Subsequent Rise in Drilling Activities: A Prime Driver of Market Growth
- Global Energy Consumption in Quadrillion BTUs for the Years 2015, 2020, 2025, 2030, 2035 and 2040
- World Crude Oil Production: Breakdown of Production Volume in Thousand Barrels Per Day for Persian Gulf Nations and Non-OPEC Countries for the Period 2000-2018
- Crude Oil Demand Worldwide in Million Barrels Per Day for the Years 2006 through 2019
- Constantly Rising Capital Spending in E&P Projects Spurs Demand
- Growing Investments in Oil & Gas Exploration: Capital Expenditure in US$ Million for the Years 2019, 2021, 2023, 2025
- Shale Boom in the US and Discovery of New Shale Reserves Open Up Growth Avenues for Casing & Cementation Hardware
- Proved Reserves of Crude Oil (in Billion Barrels) and Natural Gas Proved Reserves (in Trillion Cubic Feet) in the US for the Years 2000 and 2017
- Cement Wiper Plug Technology: Vital for Fluid Separation in Deepwater Applications
- Optimal Float Equipment Hold Significance for Demanding Deepwater Drilling Environments
- Centralizers Offer Tremendous Benefits for Drilling Projects
- Growing Environmental Concerns and Strict Regulations Impact Market Development
- Restricted Access to Energy Resources Limits Growth Potential
- PRODUCT OVERVIEW
- Casing
- Cementing
- Casing Hardware
- Cementing Equipment
- Types of Casing & Cementation Hardware
- Liner Equipment
- Wiper Plugs
- Float Equipment
- Centralizers
- Other Types
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/s98t4x
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
