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Tubing Spools Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5021823
  • Report
  • January 2020
  • Region: Global
  • 167 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Delta Corporation
  • EthosEnergy Group Limited
  • Integrated Equipment
  • Jereh Oilfield Equipment
  • Msp/drilex Inc.
  • Sunnda Corporation
The global tubing spools market size was valued at $490.5 million in 2018, and is projected to reach $725.8 million by 2026, registering a CAGR of 4.9% from 2019 to 2026. The tubing spool refers to the part of wellhead system, which consist of two flange that provides support to the tubing string. It includes a tubing head that connects the Christmas tree with the upper casing head. In addition, it is used for sealing the annular space and hanging the tubing hanger. Its feature includes 45° landing shoulder, versatile straight-bore design, and flanged padded outlets. Moreover, it offers ancillary support to oil and gas production and exploration activities.



The growing oil & gas exploration activities by respective companies around the globe is expected to drive the global tubing spools market during the forecast period. In addition, increase in crude oil prices have positively impacted the market growth. However, the increase in raw material price is expected to hamper the market growth. Furthermore, the fresh investments in the oil and gas exploration, especially in the Middle Eastern countries fuels the demand for tubing spools.

The global tubing spools market is segmented based on type, application, and region. Based on type, the market is segmented into single tubing, and dual tubing. Based on application, the market is divided into onshore, and offshore Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players operating in the global market have adopted key strategies such as acquisitions and business expansion, to strengthen their market outreach and sustain the stiff competition in the market.

COMPETITION ANALYSIS
The major market participants profiled in this report include Delta Corporation, EthosEnergy Group Limited, Integrated Equipment, Jereh Oilfield Equipment, Jiangsu Sanyi Petroleum Equipment Co., Ltd, JMP Petroleum Technologies, Inc., Msp/drilex, Inc., Uztel S.A, Sunnda Corporation, and Weir Group.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive analysis of the current and emerging tubing spools market trends and dynamics.
  • In-depth tubing spools market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the tubing spools market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global tubing spools market forecast analysis from 2018 to 2026 is included in the report.
  • Key market players within tubing spools market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the tubing spools industry.

GLOBAL TUBING SPOOLS MARKET SEGMENTS

BY TYPE
  • Single tubing
  • Dual tubing

BY APPLICATION
  • Onshore
  • Offshore

BY REGION
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Italy
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Thailand
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY PLAYERS
  • Delta Corporation
  • EthosEnergy Group Limited
  • Integrated Equipment
  • Jereh Oilfield Equipment
  • Jiangsu Sanyi Petroleum Equipment Co., Ltd
  • JMP Petroleum Technologies, Inc.
  • Msp/drilex,Inc.
  • Sunnda Corporation
  • Uztel S.A
  • Weir Group
Frequently Asked Questions about the Global Tubing Spools Market

What is the estimated value of the Global Tubing Spools Market?

The Global Tubing Spools Market was estimated to be valued at $490.5 million in 2018.

What is the growth rate of the Global Tubing Spools Market?

The growth rate of the Global Tubing Spools Market is 5.0%, with an estimated value of $725.8 million by 2026.

What is the forecasted size of the Global Tubing Spools Market?

The Global Tubing Spools Market is estimated to be worth $725.8 million by 2026.

Who are the key companies in the Global Tubing Spools Market?

Key companies in the Global Tubing Spools Market include Delta Corporation, EthosEnergy Group Limited, Integrated Equipment, Jereh Oilfield Equipment, Jiangsu Sanyi Petroleum Equipment Co. Ltd, JMP Petroleum Technologies Inc., Msp/drilex Inc., Uztel S.A and Weir Group.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Delta Corporation
  • EthosEnergy Group Limited
  • Integrated Equipment
  • Jereh Oilfield Equipment
  • Msp/drilex Inc.
  • Sunnda Corporation

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Application And Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter'S Five Forces Analysis
3.4. Key Player Positioning, 2018
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Growing Exploration And Drilling Activities For Oil Around The Globe
3.5.1.2. Oil Price Recovery
3.5.1.3. Rise In Redevelopment of Mature Oil Wells
3.5.2. Restraints
3.5.2.1. Threat of Substitute Products
3.5.2.2. Fluctuations In Foreign Currencies Continues Its Influence Over Profit Margins
3.5.3. Opportunity
3.5.3.1. Technological Developments In Wellhead System
Chapter 4: Tubing Spools Market , By Type
4.1. Overview
4.1.1. Market Size And Forecast, By Type
4.2. Single Tubing
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.3. Dual Tubing
4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country
Chapter 5: Tubing Spools Market , By Application
5.1. Overview
5.1.1. Market Size And Forecast, By Application
5.2. Onshore
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. offshore
5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country
Chapter 6: Tubing Spools Market , By Region
6.1. Overview
6.1.1. Market Size And Forecast, By Region
6.2. North America
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Type
6.2.3. Market Size And Forecast, By Application
6.2.4. Market Analysis By Country
6.2.4.1. U.S.
6.2.4.1.1. Market Size And Forecast, By Type
6.2.4.1.2. Market Size And Forecast, By Application
6.2.4.2. Canada
6.2.4.2.1. Market Size And Forecast, By Type
6.2.4.2.2. Market Size And Forecast, By Application
6.2.4.3. Mexico
6.2.4.3.1. Market Size And Forecast, By Type
6.2.4.3.2. Market Size And Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast, By Type
6.3.3. Market Size And Forecast, By Application
6.3.4. Market Analysis By Country
6.3.4.1. Germany
6.3.4.1.1. Market Size And Forecast, By Type
6.3.4.1.2. Market Size And Forecast, By Application
6.3.4.2. Italy
6.3.4.2.1. Market Size And Forecast, By Type
6.3.4.2.2. Market Size And Forecast, By Application
6.3.4.3. UK
6.3.4.3.1. Market Size And Forecast, By Type
6.3.4.3.2. Market Size And Forecast, By Application
6.3.4.4. Russia
6.3.4.4.1. Market Size And Forecast, By Type
6.3.4.4.2. Market Size And Forecast, By Application
6.3.4.5. Rest of Europe
6.3.4.5.1. Market Size And Forecast, By Type
6.3.4.5.2. Market Size And Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors And Opportunities
6.4.2. Market Size And Forecast, By Type
6.4.3. Market Size And Forecast, By Application
6.4.4. Market Analysis By Country
6.4.4.1. China
6.4.4.1.1. Market Size And Forecast, By Type
6.4.4.1.2. Market Size And Forecast, By Application
6.4.4.2. India
6.4.4.2.1. Market Size And Forecast, By Type
6.4.4.2.2. Market Size And Forecast, By Application
6.4.4.3. Thailand
6.4.4.3.1. Market Size And Forecast, By Type
6.4.4.3.2. Market Size And Forecast, By Application
6.4.4.4. Australia
6.4.4.4.1. Market Size And Forecast, By Type
6.4.4.4.2. Market Size And Forecast, By Application
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market Size And Forecast, By Type
6.4.4.5.2. Market Size And Forecast, By Application
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors And Opportunities
6.5.2. Market Size And Forecast, By Type
6.5.3. Market Size And Forecast, By Application
6.5.4. Market Analysis By Country
6.5.4.1. Latin America
6.5.4.1.1. Market Size And Forecast, By Type
6.5.4.1.2. Market Size And Forecast, By Application
6.5.4.2. Middle East
6.5.4.2.1. Market Size And Forecast, By Type
6.5.4.2.2. Market Size And Forecast, By Application
6.5.4.3. Africa
6.5.4.3.1. Market Size And Forecast, By Type
6.5.4.3.2. Market Size And Forecast, By Application
Chapter 7: Company Profiles
7.1. Delta Us Corporation Llc
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Product Portfolio
7.2. Ethosenergy Group Limited
7.2.1. Company Overview
7.2.2. Key Executives
7.2.3. Company Snapshot
7.2.4. Product Portfolio
7.3. Integrated Equipment, Inc.
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Product Portfolio
7.3.4. Key Strategic Moves And Developments
7.4. Jiangsu Sanyi Petroleum Equipment Co., Ltd.
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Product Portfolio
7.5. Jmp Petroleum Technologies, Inc.
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Product Portfolio
7.6. Msp/Drilex, (Shanghai) Co., Ltd.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Product Portfolio
7.7. Sunnda Corporation
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Product Portfolio
7.8. Uztel S.A.
7.8.1. Company Overview
7.8.2. Key Executives
7.8.3. Company Snapshot
7.8.4. Product Portfolio
7.8.5. Business Performance
7.9. The Weir Group Plc
7.9.1. Company Overview
7.9.2. Key Executives
7.9.3. Company Snapshot
7.9.4. Operating Business Segments
7.9.5. Product Portfolio
7.9.6. R&D Expenditure
7.9.7. Business Performance
7.9.8. Key Strategic Moves And Developments
7.10. Yantai Jereh Oilfield Services Group Co., Ltd.
7.10.1. Company Overview
7.10.2. Key Executives
7.10.3. Company Snapshot
7.10.4. Product Portfolio
7.10.5. R&D Expenditure
7.10.6. Business Performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Delta Corporation
  • EthosEnergy Group Limited
  • Integrated Equipment
  • Jereh Oilfield Equipment
  • Msp/drilex Inc.
  • Sunnda Corporation
According to the report, titled, 'Tubing Spools Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global tubing spools market size was valued at $490.5 million in 2018, and is projected to reach $725.8 million by 2026, registering a CAGR of 4.9% from 2019 to 2026.

North America is expected to be the leading contributor to the global tubing spools market, followed by Asia-Pacific, and Europe. Based on type, the single tubing spools segment accounted for the highest market share in 2018 and is expected to witness significant growth during the forecast period, owing to its capability of supporting maximum loads.

In terms of application, the onshore segment contributed the highest share in the market in 2018 and is expected to witness growth at a CAGR of 5.5% during the forecast period owing to technical innovations. This is expected to provide lucrative growth opportunities to the market players in developing economies.

The major players in the market such as EthosEnergy Group Limited, Integrated Equipment, Jereh Oilfield Equipment, Weir Group, and others, have focused on business expansion and acquisition to strengthen their presence in the market. For instance, in July 2018, Weir Group , a Scottish engineering firm acquired ESCO Corporation. The ESCO Corporation is merged with Weir Group to operate as a new division. The company deals in oil and gas drilling tool and other parts. Similarly, in April 2019, Weir Group opened new 92,000 square-foot customer service center at David Mims Business Park in New Mexico, U.S. to fulfil the growing customer demand. Moreover, in February 2019, Integrated Equipment, Inc., a manufacturer of oilfield equipment received $9 million from Veritas Financial Partners for future growth and to improve its supply chain by establishing a global support network.

The key players profiled in the report include Delta Corporation, EthosEnergy Group Limited, Integrated Equipment, Jereh Oilfield Equipment, Jiangsu Sanyi Petroleum Equipment Co., Ltd, JMP Petroleum Technologies, Inc., Msp/drilex, Inc., Uztel S.A, Sunnda Corporation, and Weir Group.

Key Findings of the Study
The report provides an extensive analysis of the current and emerging tubing spools market trends and dynamics.
Depending on type, the single tubing segment dominated the tubing spools market, in terms of revenue in 2018 and is projected to grow at a CAGR 5.6% during the forecast period.
By application, the onshore segment led the market in 2018.
North America is projected to register the highest growth rate in the coming years.
Key market players within the tubing spools market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the tubing spools industry.
In-depth tubing spools market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
Note: Product cover images may vary from those shown
  • Delta Corporation
  • EthosEnergy Group Limited
  • Integrated Equipment
  • Jereh Oilfield Equipment
  • Jiangsu Sanyi Petroleum Equipment Co. Ltd
  • JMP Petroleum Technologies Inc.
  • Msp/drilex Inc.
  • Uztel S.A
  • Sunnda Corporation
  • Weir Group
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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