Well Cementing Services Market 2018- Applications, Challenges, Growth, Shares, Trends, Top Players and Forecast to 2024
The Infinium Global Research has announced the addition of the “Well Cementing Services Market to 2023 – Global Analysis and Forecasts by Type and Product” to its research database.
Pune, India -- (SBWire) -- 09/07/2018 --North America region to dominate the global well services cementing market through 2017-2023
The factors such as increasing production and exploration in the unconventional reserves , increasing the drilling activities to recover unconventional hydrocarbons such as shale and tight gas and large number of mature wells which is driving the market growth. Furthermore cementing services are used to prevent any fluid movement reservoir to wellbore and to hold the well casing in place. Moreover, the technological advancement in the well cementing services and equipment is projected to have positive impact in the well cementing services market. Owing to the increasing rehabilitation of oil & gas wells, remedial cementing is expected to emerge as the fastest growing well cementing service market in both onshore and offshore activities. However, the strict environmental rules set by the government coupled with low crude oil prices is expected to restrain the growth among energy producing states.
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North America has been the largest consumer in the well cementing service market in terms of revenue. North America has huge number of unconventional oil and gas, and U.S. is the only country which provide significant volumes of these resources from shale reserves. In addition to that factor such as increasing offshore drilling activities in the Gulf of Mexico is expected to drive the well cementing service market. omkar Harne a research analyst at Infinium Global Research quoted that the growth in the Asia-Pacific market for well cementing services is credited to the owing to the increasing investment in production companies and tax redemption in countries such as India. The increasing drilling activities by allowing tax redemption and FDI is expected provide growth in this region.
Leading key players in well cementing services market are chlumberger Ltd., Baker Hughes Inc.,Halliburton,Weatherford and Gulf Energy Llc., Baker Hughes Inc.,. Furthermore, The Baker Hughes Integrity eXplorer™ cement evaluation service provides accurate information that helps operators gain an understanding of the cement bond.
The report on global well cementing services market covers segments such as type and application. The type segments include primary cementing, remedial cementing and others. On the basis of application the global well cementing services market is categorized into offshore and onshore.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea and Malaysia among others. The European region covers countries such as, Germany, UK, France, Spain, and Rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.
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The report provides profiles of the companies in the global well cementing services market such as, Baker Hughes Inc., Calfrac Well Services Ltd., Condor Energy Services Ltd, Gulf Energy Llc, Halliburton, Tenaris, Valluorec, Tmk, Trican Well Service Ltd., and Nabors Industries Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global well cementing services market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of well cementing services market.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the well cementing services market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the well cementing services market to understand the present and future trends in this market and formulate their strategies accordingly.
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