LONDON--(BUSINESS WIRE)--Technavio has been monitoring the well casing and cementing market and it is poised to grow by USD 3.19 bn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
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What are the major trends in the market?
Technological advances in cementing is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 4.71% and the incremental growth of the market is anticipated to be $ 3.19 billion. - Who are the top players in the market?
Baker Hughes, a GE Co. LLC, China Oilfield Services Ltd., Frank's International NV, Halliburton Co., Nabors Industries Ltd., PAO TMK, Schlumberger Ltd., Tenaris SA, Vallourec SA, and Weatherford International Plc., are some of the major market participants.
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What is the key market driver?
The focus on unconventional oil and gas E&P activities is one of the major factors driving the market -
How big is the North America market?
The North America region will contribute 41% of the market share
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Baker Hughes, a GE Co. LLC, China Oilfield Services Ltd., Frank's International NV, Halliburton Co., Nabors Industries Ltd., PAO TMK, Schlumberger Ltd., Tenaris SA, Vallourec SA, and Weatherford International Plc. are some of the major market participants. The focus on unconventional oil and gas E&P activities will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Well Casing and Cementing Market 2020-2024: Segmentation
Well Casing and Cementing Market is segmented as below:
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Application
- Onshore
- Offshore
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Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Well Casing and Cementing Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The well casing and cementing market report covers the following areas:
- Well Casing and Cementing Market Size
- Well Casing and Cementing Market Trends
- Well Casing and Cementing Market Industry Analysis
This study identifies technological advances in cementing as one of the prime reasons driving the well casing and cementing market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Well Casing and Cementing Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist well casing and cementing market growth during the next five years
- Estimation of the well casing and cementing market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the well casing and cementing market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of well casing and cementing market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Onshore - Market size and forecast 2019-2024
- Offshore - Market size and forecast 2019-2024
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Rise in deepwater and ultra-deepwater E&P activities
- Technological advances in cementing
- Declining prices of raw materials for casing equipment
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Baker Hughes, a GE Co. LLC
- China Oilfield Services Ltd.
- Frank's International NV
- Halliburton Co.
- Nabors Industries Ltd.
- PAO TMK
- Schlumberger Ltd.
- Tenaris SA
- Vallourec SA
- Weatherford International Plc
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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