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Casing & Cementation Hardware - Global Market Trajectory & Analytics

  • ID: 4804675
  • Report
  • April 2021
  • Region: Global
  • 287 Pages
  • Global Industry Analysts, Inc
Global Casing and Cementation Hardware Market to Reach $3.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Casing and Cementation Hardware estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$3.9 Billion by 2027, growing at a CAGR of 6.6% over the period 2020-2027. Onshore, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Offshore segment is readjusted to a revised 7.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $680.7 Million, While China is Forecast to Grow at 10% CAGR

The Casing and Cementation Hardware market in the U.S. is estimated at US$680.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$846.5 Million by the year 2027 trailing a CAGR of 9.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% 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.
Frequently Asked Questions about the Global Market for Casing and Cementation Hardware

What is the estimated value of the Global Market for Casing and Cementation Hardware?

The Global Market for Casing and Cementation Hardware was estimated to be valued at $2.5 Billion in 2020.

What is the growth rate of the Global Market for Casing and Cementation Hardware?

The growth rate of the Global Market for Casing and Cementation Hardware is 6.6%, with an estimated value of $3.9 Billion by 2027.

What is the forecasted size of the Global Market for Casing and Cementation Hardware?

The Global Market for Casing and Cementation Hardware is estimated to be worth $3.9 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Casing & Cementation Hardware Market: A Prelude
  • Impact of Covid-19 and a Looming Global Recession
  • 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
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 47
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