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Tieback Stem Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Drilling Type (Horizontal, Vertical), By Well Completion (Middle Lower, Upper), By Application, By Feet (30ft), and By Region

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  • 114 Pages
  • December 2022
  • Region: Global
  • TechSci Research
  • ID: 5702021
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Factors Such as the High Demand from the Oil & Gas Industry and the Massive Investments by the Oil & Gas Market Players to Ensure Safety During the Drilling Operations are Driving the Demand for the Global Tieback Stem Market.

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The global tieback stem market is anticipated to grow at a rate of significant CAGR in the forecast period, 2023-2027. Factors such as the high demand from the oil & gas industry and the massive investments by the oil & gas market players to ensure safety during the drilling operations are driving the demand for the global tieback stem market. Also, the growing popularity of offshore drilling operations to fulfill the energy requirements worldwide, rapid urbanization and industrialization, and the untapped potential in developing countries are the other prominent factors that are expected to accelerate the market growth in the coming years.

Growing Oil & Gas Industry Drives the Market Demand

The oil & gas industry is one of the largest sectors in the world and is crucial for the global economic framework as it impacts transportation, electricity, power, and industrial production to manufacturing activities across the globe. High demand from the developing countries to use energy for rapid industrialization and urbanization is acting as a positive factor for the oil & gas industry. Despite the government efforts and heft investments, the transition of the automotive industry towards zero-emission vehicles and other low-carbon alternatives would still take years. Internal combustion vehicles require the use of conventional fuels, which is a major driver for the oil & gas industry. Sectors like aviation, petrochemical, and shipping are still reliant on the oil and gas industry. The massive dependency on the oil & gas industry makes the market players invest in technological advancements and safety during upstream operation.

Such as, in India, according to India Brand Equity Foundation, the oil demand is expected to register a growth of 2x growth to reach 11 million barrels per day by 2045. The government has adopted several policies to fulfill the growing energy demand and is allowing 100% Foreign Direct Investment (FDI) in several segments of the sector, including petroleum products, refineries, and natural gas, among others. The growing oil & gas industry is expected to accelerate the global tieback stem market growth over the forecast period.

Rise in Offshore Activities Supports the Market Growth

Offshore drilling is the process of extracting petroleum from reserves beneath the Earth’s oceans in place of extracting through reserves located on the mainland. In the past few years, offshore drilling has been gaining popularity due to the use of large amounts of oil and other petroleum products used worldwide each day. To meet the growing energy requirements, petroleum companies are in constant search of new technologies and remote locations to discover new reserves. After the offshore drilling and extraction process, the final portion of the casing is installed, which is known as the production casing. The casing is protected by a cap that closes the well and allows the flow of petroleum in the well to be controlled according to requirements. Tieback stems provide the possibility to install a new casing string to cover abrasive wear caused while drilling operations or in case of corrosion. The rise in offshore drilling activities worldwide is expected to propel the global tieback stem market growth over the next five years.

Market Segmentation

The global tieback stem market is segmented into drilling type, well completion, application, feet, regional distribution, and competitive landscape. Based on drilling type, the market is divided into horizontal and vertical. Based on well completion, the market is divided into middle lower and upper. Based on application, the market is divided into onshore and offshore. Based on feet, the market is divided into < 12ft, 12-20ft, 21-30ft, >30ft. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific region, North American region, European region, South American region, and Middle East & African region. In terms of country, the United States is expected to hold a significant market due to the well-established oil & gas industry and the early adoption of technologies and services to increase productivity in the oil & gas industry.

Market Players

NOV Inc, Weatherford International, DEW Wartungs- und Reparatur GmbH, Allamon Tool Company Inc., Dril-Quip Inc., Schlumberger Limited, Wellcare Oil Tools Private Limited are the major market players operating in the global tieback stem market.

Report Scope:

In this report, global tieback stem market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Tieback Stem Market, By Drilling Type:

  • Horizontal
  • Vertical

Tieback Stem Market, By Well Completion:

  • Middle Lower
  • Upper

Tieback Stem Market, By Application:

  • Onshore
  • Offshore

Tieback Stem Market, By Feet:

  • < 12ft
  • 12-20ft
  • 21-30ft
  • >30ft

Tieback Stem Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Malaysia
  • Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Poland
  • Denmark
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Peru
  • Chile
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Iraq
  • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global tieback stem market.

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Table of Contents

1. Product Overview2. Research Methodology3. Impact of COVID-19 on Global Tieback Stem Market4. Executive Summary
5. Voice of Customers
5.1. Brand Awareness
5.2. Factors Considered while Selecting a Supplier
5.3. Customer Satisfaction Level
5.4. Major Challenges Faced
6. Global Tieback Stem Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Drilling Type (Horizontal, Vertical)
6.2.2. By Well Completion (Middle Lower, Upper)
6.2.3. By Application (Onshore, Offshore)
6.2.4. By Feet (< 12ft, 12-20ft, 21-30ft, >30ft)
6.2.5. By Region
6.2.6. By Company
6.3. Product Market Map
7. North America Tieback Stem Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Drilling Type
7.2.2. By Well Completion
7.2.3. By Application
7.2.4. By Feet
7.2.5. By Country
7.3. North America: Country Analysis
7.3.1. United States Tieback Stem Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Drilling Type
7.3.1.2.2. By Well Completion
7.3.1.2.3. By Application
7.3.1.2.4. By Feet
7.3.2. Canada Tieback Stem Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Drilling Type
7.3.2.2.2. By Well Completion
7.3.2.2.3. By Application
7.3.2.2.4. By Feet
7.3.3. Mexico Tieback Stem Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Drilling Type
7.3.3.2.2. By Well Completion
7.3.3.2.3. By Application
7.3.3.2.4. By Feet
8. Asia-Pacific Tieback Stem Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Drilling Type
8.2.2. By Well Completion
8.2.3. By Application
8.2.4. By Feet
8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Tieback Stem Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Drilling Type
8.3.1.2.2. By Well Completion
8.3.1.2.3. By Application
8.3.1.2.4. By Feet
8.3.2. India Tieback Stem Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Drilling Type
8.3.2.2.2. By Well Completion
8.3.2.2.3. By Application
8.3.2.2.4. By Feet
8.3.3. Japan Tieback Stem Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Drilling Type
8.3.3.2.2. By Well Completion
8.3.3.2.3. By Application
8.3.3.2.4. By Feet
8.3.4. South Korea Tieback Stem Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Drilling Type
8.3.4.2.2. By Well Completion
8.3.4.2.3. By Application
8.3.4.2.4. By Feet
8.3.5. Australia Tieback Stem Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Drilling Type
8.3.5.2.2. By Well Completion
8.3.5.2.3. By Application
8.3.5.2.4. By Feet
8.3.6. Singapore Tieback Stem Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Drilling Type
8.3.6.2.2. By Well Completion
8.3.6.2.3. By Application
8.3.6.2.4. By Feet
8.3.7. Malaysia Tieback Stem Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Drilling Type
8.3.7.2.2. By Well Completion
8.3.7.2.3. By Application
8.3.7.2.4. By Feet
9. Europe Tieback Stem Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Drilling Type
9.2.2. By Well Completion
9.2.3. By Application
9.2.4. By Feet
9.2.5. By Country
9.3. Europe: Country Analysis
9.3.1. Germany Tieback Stem Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Drilling Type
9.3.1.2.2. By Well Completion
9.3.1.2.3. By Application
9.3.1.2.4. By Feet
9.3.2. United Kingdom Tieback Stem Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Drilling Type
9.3.2.2.2. By Well Completion
9.3.2.2.3. By Application
9.3.2.2.4. By Feet
9.3.3. France Tieback Stem Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Drilling Type
9.3.3.2.2. By Well Completion
9.3.3.2.3. By Application
9.3.3.2.4. By Feet
9.3.4. Italy Tieback Stem Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Drilling Type
9.3.4.2.2. By Well Completion
9.3.4.2.3. By Application
9.3.4.2.4. By Feet
9.3.5. Spain Tieback Stem Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Drilling Type
9.3.5.2.2. By Well Completion
9.3.5.2.3. By Application
9.3.5.2.4. By Feet
9.3.6. Poland Tieback Stem Market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Value
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Drilling Type
9.3.6.2.2. By Well Completion
9.3.6.2.3. By Application
9.3.6.2.4. By Feet
9.3.7. Denmark Tieback Stem Market Outlook
9.3.7.1. Market Size & Forecast
9.3.7.1.1. By Value
9.3.7.2. Market Share & Forecast
9.3.7.2.1. By Drilling Type
9.3.7.2.2. By Well Completion
9.3.7.2.3. By Application
9.3.7.2.4. By Feet
10. South America Tieback Stem Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Drilling Type
10.2.2. By Well Completion
10.2.3. By Application
10.2.4. By Feet
10.2.5. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Tieback Stem Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Drilling Type
10.3.1.2.2. By Well Completion
10.3.1.2.3. By Application
10.3.1.2.4. By Feet
10.3.2. Argentina Tieback Stem Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Drilling Type
10.3.2.2.2. By Well Completion
10.3.2.2.3. By Application
10.3.2.2.4. By Feet
10.3.3. Colombia Tieback Stem Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Drilling Type
10.3.3.2.2. By Well Completion
10.3.3.2.3. By Application
10.3.3.2.4. By Feet
10.3.4. Peru Tieback Stem Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Drilling Type
10.3.4.2.2. By Well Completion
10.3.4.2.3. By Application
10.3.4.2.4. By Feet
10.3.5. Chile Tieback Stem Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Drilling Type
10.3.5.2.2. By Well Completion
10.3.5.2.3. By Application
10.3.5.2.4. By Feet
11. Middle East & Africa Tieback Stem Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Drilling Type
11.2.2. By Well Completion
11.2.3. By Application
11.2.4. By Feet
11.2.5. By Country
11.3. Middle East & Africa: Country Analysis
11.3.1. Saudi Arabia Tieback Stem Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Drilling Type
11.3.1.2.2. By Well Completion
11.3.1.2.3. By Application
11.3.1.2.4. By Feet
11.3.2. South Africa Tieback Stem Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Drilling Type
11.3.2.2.2. By Well Completion
11.3.2.2.3. By Application
11.3.2.2.4. By Feet
11.3.3. UAE Tieback Stem Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Drilling Type
11.3.3.2.2. By Well Completion
11.3.3.2.3. By Application
11.3.3.2.4. By Feet
11.3.4. Iraq Tieback Stem Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Drilling Type
11.3.4.2.2. By Well Completion
11.3.4.2.3. By Application
11.3.4.2.4. By Feet
11.3.5. Turkey Tieback Stem Market Outlook
11.3.5.1. Market Size & Forecast
11.3.5.1.1. By Value
11.3.5.2. Market Share & Forecast
11.3.5.2.1. By Drilling Type
11.3.5.2.2. By Well Completion
11.3.5.2.3. By Application
11.3.5.2.4. By Feet
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Company Profiles
14.1. NOV Inc
14.2. Weatherford International plc
14.3. DEW Wartungs- und Reparatur GmbH
14.4. Allamon Tool Company Inc.
14.5. Dril-Quip Inc.
14.6. Schlumberger Limited
14.7. Wellcare Oil Tools Private Limited
15. Strategic Recommendations

Companies Mentioned

A selection of companies mentioned in this report includes:

  • NOV Inc
  • Weatherford International plc
  • DEW Wartungs- und Reparatur GmbH
  • Allamon Tool Company Inc.
  • Dril-Quip Inc.
  • Schlumberger Limited
  • Wellcare Oil Tools Private Limited