Quick Summary:
In an ever-complex and evolving oil & gas industry, unparalleled insight into the Well Casing and Cementation Hardware market is a necessity for decisive and proactive business strategy. The global market, currently valued at $9.8 Billion, is predicted to grow significantly to a size of $14 Billion by 2030. The extensive market research report provides a thorough look into this growth trend and more.
The report’s detailed analysis offers invaluable insights and actionable intelligence, spotlighting market condition swerving factors such as international competitiveness, percentage market shares, and geographic market presence. Stay ahead of the wave with the help of this report’s specific insights into major players in the field, emerging trends and the potential opportunities they present. This multi-faceted intelligence is a crucial tool in understanding the forces shaping the future of the Well Casing and Cementation Hardware sector.
Global Well Casing and Cementation Hardware Market to Reach $14 Billion by 2030
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.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Well Casing and Cementation Hardware?
What is the growth rate of the Global Market for Well Casing and Cementation Hardware?
What is the forecasted size of the Global Market for Well Casing and Cementation Hardware?
Who are the key companies in the Global Market for Well Casing and Cementation Hardware?
| Report Attribute | Details |
|---|---|
| No. of Pages | 297 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 9.8 Billion |
| Forecasted Market Value ( USD | $ 14 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- 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.
