250 Pages Casing Centralizers Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Casing Centralizers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Casing Centralizers Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Casing Centralizers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Casing Centralizers
This newly published and insightful report sheds light on Market Insights of Casing Centralizers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Casing Centralizers Market.
Key Segments of the Casing Centralizers Market
The Fact.MR’s study on the casing centralizers market offers information divided into three key segments-product, application, and materials across five regions. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
- Bow Spring Casing Centralizers
- Rigid Blade Casing Centralizers
- Semi-Rigid Casing Centralizers
- Inter-Casing Centralizers Sub
- North America
- Latin America
- Asia Pacific
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Casing Centralizers Market – Scope of the Report
Fact.MR recently published an exclusive study on the global market for casing centralizers. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the casing centralizers market structure. The market study presents comprehensive information about how the casing centralizers market will grow during the forecast period of 2020-2030.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain and supply chain analyses, and Compounded Annual Growth Rate (CAGR), are explained in the Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the casing centralizers market in the forecast period.
The study is relevant for stakeholders in the casing centralizers market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the casing centralizers market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro- and microeconomic factors that are impacting developments in the casing centralizers market. It also offers actionable insights based on future trends in the casing centralizers market.
Furthermore, small businesses and new entrants in the casing centralizers market can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
The casing centralizers market is estimated to be valued at US$ 462.3 million in 2020 and add value worth US$ 215.9 million by 2030, expanding at a CAGR of 3.9% during the forecast period (2020-2030). Demand for casing centralizers remains driven by the discoveries of new oil & gas fields across the globe.
With an increase in the production of shale gas in countries such as China, Canada, Argentina and the US, sales of casing centralizers are expected to experience a substantial rise through 2030. As per the World Oil estimates in 2018, the drilling activities outside the U.S. is forecast to increase by 4.6% to 43,456 wells, led by significant improvements in Russia, China, Australia and parts of Africa.
However, amidst the COVID-19 outbreak, several companies have temporarily abandoned discoveries of new oil & gas fields, aligning with social distancing requirements and stay at home orders. A halt in operation of several end-use industries along with closures of production facilities and supply chains disruptions has creating a logistical havoc in the casing centralizers market. As the pandemic fades with significant containment measures and resumption of factories in the most affected countries such as China, the casing centralizers market is expected to rebound by the second half of the forecast period and create significant opportunities for manufacturers.
Key Takeaways of Casing Centralizers Market Study
- The global casing centralizers market is expected to grow at a volume CAGR of 3.7% and expand 1.4X through 2030.
- Bow spring casing centralizers will continue to hold maximum share of the total market value and create an absolute $ opportunity of US$ 93.5 million during the forecast period.
- Onshore application of casing centralizers is expected to grow at a value CAGR of 3.8%, however, lose 110 BPS from its market share through 2030.
- Steel remains the material of choice and accounts for nearly three-fifth of the overall casing centralizers market value.
- North America will remain at the forefront, accounting for more than 45% share of the global market value, owing to rapid exploration of unconventional resources.
“The adoption of casing centralizers is expected to be on a significant rise, with an estimated increase in the greenfield and brownfield projects in the upstream. However, postponement and cancellation of these projects and delays in investment in oil & gas exploration, due to the COVID-19 outbreak, will hinder the casing centralizers market growth in the first half of the forecast period,” concludes the Fact.MR analyst.
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More Valuable Insights on Casing Centralizers Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Casing Centralizers, Sales and Demand of Casing Centralizers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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