Global Well Cementing Market Scenario
The global well cementing market is anticipated to
witness a period of growth and expansion in the forthcoming years as calculated
by Market Research Future (MRFR) in its study report. The report specifies that
the global market is expected to grow at a compound annual rate of 4.5% during
the forecast period between 2018 and 2023. Additionally, the market is
projected to value USD 872 million by the end of the forecast period in 2023. A
detailed analysis report of COVID-19
impact on Well Cementing Market is provided with the report.
Well cementing
is known as the process of filling the cement in various spaces of the well
bore. This process is considered to be one of the most important components of
the drilling activity and it completion process. The cementing of the well bore
helps in holding the well intact, thereby preventing the slurry from oozing out
of the walls. The primary function of well cementing is sealing the inner
lining of the well, control from corrosion, and provide uniformity and strength
to the pipes. A precise and effective cementing of the well helps avoid
accidents. The cementing of wells require a proper laboratory testing of the
water slurry and other dry mixtures.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1074
Competitive Landscape
The global well
cementing market has a number of prominent players under its wing, including
Nabors Industries Ltd (Bermuda), Baker Hughes Incorporated (U.S.), Baker Hughes
Incorporated (U.S.), Valluorec (France), Tmk (Russia), Transocean Ltd.
(Switzerland), x Halliburton (U.S.), Trican Well Service Ltd. AES Precast Co
Inc, Inc. (U.S.), (Canada), China Oilfield Services Limited (China), GOES GmbH
(Germany), China Oilfield Services Limited (China), GOES GmbH (Germany),
Weatherford (U.S.), GE Oil & Gas (U.S.), and others.
Market Segmentation
The global well
cementing market segmentation is divided in terms of well type and type
components.
By type, the
market includes primary, remedial, and others. The primary market type segment
held the maximum share globally and is anticipated to remain the largest player
in the near future. This is due to the primary market’s availability,
application, and properties in recent years.
By well type,
the market divides into onshore and offshore well type. The offshore oil
production segment holds close 35% of the market share.
Access Full
Report at: https://www.marketresearchfuture.com/reports/well-cementing-market-1074
Regional Analysis
The global well
cementing market is geographically broken down into the following regions:
North America, Europe, Asia Pacific, the Middle East & Africa, Latin
America, and the Rest of the World,
Regionally, the
North American regional market for well cementing is highly competitive in
nature. The demand for the market is superior in the global landscape and is
expected to continue in the near future. The need for well cementing services
is growing at a rapid pace in the North American region owing to presence of a
vast population of aged and mature wells. The increasing demand for energy
makes oil and gas targets highly difficult to find, one which can be achieved
by shale gas and tight gas. This drives the demand for the market in this
region. The US market holds the largest share in the North American region and
contributes immensely to drive the region’s global dominance. The booming
demand for shale is further projected to influence a positive growth of the
market. The North American region is experiencing growth of well cementing
services due to the shale gas boom, search for untapped oil and gas reserves,
and drilling activities undertaken in the Gulf of Mexico.
About Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Read
More:
https://issuu.com/marketresearchfuture18/docs/protective_relay_marketn
https://view.joomag.com/protective-relay-market/0543265001597130353
https://issuu.com/marketresearchfuture18/docs/circuit_breaker_market_share_bf7c86a235cbbc
No comments:
Post a Comment