Global Wellhead Equipment MarketPosted by pallavi on February 19th, 2021 Global Wellhead Equipment Market was valued US$ XX Bn in 2019 and is expected to reach XX Bn by 2027, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. A wellhead is a vital component, which is extensively used in the oil & gas industry, at the surface of a well to deliver pressure containing an interface for the drilling and production equipment. It is mostly used to connect the tubing and casing to an oil & gas pipeline. A growing number of rig counts, well completion and drilling activities are expected to drive the global wellhead equipment market. Increasing crude oil prices coupled with growing crude oil production is projected to boost the wellhead equipment market growth. Addition, growing deep drilling, and ultra-deep drilling activities for oil and gas is also increasing the demand for wellhead equipment. Growing exploration of unconventional resources like shale oil, coal bed methane is expected to drive the global wellhead equipment market. Oil and gas projects are expected to benefit as they will receive investments, resulting in the growth of the global wellhead equipment market. Oil and gas are one of the major industries in the globe in terms of revenue generation. The industry has a significant share of the government as it comprises the majority of the key players, which generate $ XX billions of dollars contributing significantly toward the economic development for the market growth. The onshore segment is expected to grow at a XX % rate of CAGR during the forecast period. The growth in the market is attributed to the swelling demand for energy from the developing economies across the globe. The rising demand for energy is expected to increase exploration and production activities. Additionally, with the rise in the rig count, the unconventional sources are some of the factors, which is expected to increase the demand for wellhead equipment By geographic regions, North America is estimated to contribute $ XX Mn share in the global wellhead equipment market owing to the maximum number of oil rigs in this region, the wellhead equipment market potential is increasing. Moreover, new exploration and drilling projects in this region are expected to propel the growth of the wellhead components market in the next five years. Shifting oil and gas sector scenario with growing importance towards unconventional oil and gas reserves is one of the important factors, which is expected to boost the wellhead equipment market in the region. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global wellhead equipment market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global wellhead equipment market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment. For More Information Visit: https://www.maximizemarketresearch.com/market-report/global-wellhead-equipment-market/31142/
Global Wellhead Equipment Market, By Component • Hangers • Onshore • North America • Baker Hughes - a GE Co. This Report Is Submitted By :Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Like it? Share it! More by this author |
