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Casing Cementation Hardware Market by Application, Type, and Geography - Forecast and Analysis 2023-2027

  • Published: Mar 2023
  • Pages: 153
  • SKU: IRTNTR75052
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The casing cementation hardware market is estimated to grow at a CAGR of 4.25% between 2022 and 2027. The size of the market is forecast to increase by USD 2,277.34 million. The growth of the market depends on several factors, including the increasing investments in upstream oil and gas operations, the rise in global demand for oil and gas, and the increasing active rig count.

This report extensively covers market segmentation by application (onshore and offshore), type (casing hardware and cementation hardware), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Casing Cementation Hardware Market During the Forecast Period?

Casing Cementation Hardware Market Size

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Casing Cementation Hardware Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing investments in upstream oil and gas operations are notably driving the market growth, although factors such as the fluctuation in oil and gas prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Casing Cementation Hardware Market Driver

Increasing investments in upstream oil and gas operations is the key factor driving the growth of the global casing cementation hardware market. With global population growth and industrialization, energy security is becoming increasingly important to meet energy demand. Technological breakthroughs in the oil and gas industry have made exploring untapped oil and gas resources possible. Additionally, oil and natural gas production is declining in many conventional oilfields. To solve this problem and maximize profits from these fields, oil and gas producers are increasing their investment in mature oil and gas fields.

Moreover, increased investments in the upstream oil and gas sector will also increase oil drilling and production. Casing cementation devices are crucial pressure control tools that are utilized during the drilling and completion process. Hence, the increase in upstream oil and gas investments, which drives oil and gas well drilling and completion activities, will boost the need for casing cementation hardware and contribute to the growth of the global casing cementation hardware market over the forecast period.

Significant Casing Cementation Hardware Market Trend

Development of intelligent well-completion technologies is the primary trend in the global casing cementation hardware market growth. Smart or intelligent completion is an oil and gas well completion technology that involves the use of permanent downhole sensors and surface-controlled downhole flow control valves. By applying this cutting-edge technology, well operators can remotely monitor reservoir and completion integrity data, as well as analyze and manage output in real-time without the need for well intervention. Intelligent complete refers to remotely monitoring and controlling oil and gas well operations by installing remote control devices during the good completion process. These devices collect, transmit and analyze data from wells to ensure well integrity.

Moreover, throughout the lifespan of the well, the system provides operators with access to real-time fiber-optic monitoring of the entire wellbore. This function optimizes reservoir performance and reduces the risk of equipment failure. Hence, the integration of intelligent good completion technology provides a cost-effective alternative for maximizing hydrocarbon recovery, reducing non-productive time, and increasing the reservoir's production potential. Such factors will increase the market growth during the forecast period.

Major Casing Cementation Hardware Market Challenge

Fluctuations in oil and gas prices are a major challenge to the growth of the global casing cementation hardware market. Since 2014, the crude oil supply surplus has triggered instability in global crude oil prices. Significant price declines and rises adversely affect the financial and profit margins of companies that are involved in the upstream of oil and gas. As a result, the oil and gas industry has failed to attract considerable investments, resulting in a massive loss of market potential. Since oil and gas are produced from the same exploration wells, fluctuations in crude oil prices affect oil E and P activity, which in turn impacts the global case that solidifies the hardware market.

While the price at which crude oil is sold is decided by the market forces, production expenses for oil and gas E&P companies are largely fixed, and therefore, upstream oil and gas companies are negatively impacted by a decline in global crude oil prices. Hence, the volatility in global crude oil prices will hamper the growth of the global casing cementation market during the forecast period.

Key Casing Cementation Hardware Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Casing Cementation Hardware Market Share by Geography

Global Casing Cementation Hardware Market Customer Landscape

Who are the Major Casing Cementation Hardware Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Baker Hughes Co.: The company offers cementing equipment which is being designed to execute oil and gas exploration where casing pipe is installed at various depth while drilling.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Centek Holdings Ltd.
  • DRILLING TOOLS INTERNATIONAL
  • Drillstar Industries
  • Ferro-Tube Oil Tools Co. LP
  • Forum Energy Technologies Inc.
  • Halliburton Co.
  • Innovex
  • Inrock Drilling Systems Inc.
  • Nabors Industries Ltd.
  • Neoz Energy Pvt Ltd.
  • PAO TMK
  • Sledgehammer Oil Tools Pvt. Ltd.
  • Summit Casing Equipment
  • Techint
  • Trican Well Service Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Casing Cementation Hardware Market?

The market share growth by the onshore segment will be significant during the forecast period. In this segment, the oil and gas exploration and production activities will enhance oil and gas drilling and completion operations, thereby driving the expansion of the onshore segment of the global casing cement market during the forecast period.  .

Casing Cementation Hardware Market Size

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The onshore segment was valued at USD 6,631.59 million in 2017 and continue to grow by 2021Onshore oil and gas exploration and production (E&P) operations play a key role in the growth of the upstream oil and gas industry. The operating cost of drilling activities in onshore oil and gas E and P operations is substantially lower than in offshore oil and gas E and P operations since drilling deeper wells in harsh, subsea environments requires more modern technology and equipment. To increase profit margins and production, many countries invest in oil and gas E and P activities. Such factors will increase the segment growth during the forecast period.

Which are the Key Regions for the Casing Cementation Hardware Market?

Casing Cementation Hardware Market Share by Geography

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North America is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2022, the United States, Canada, and Mexico will make the largest contributions to the regional market. These countries are the world's largest oil and gas producers. Oil and gas production in these countries has expanded dramatically due to unconventional E and P activities such as shale drilling in the United States and oil sands exploration in Canada. Increased oil and gas E and P activity are projected to trigger operations such as well drilling and completion activities, which will increase the need for casing cement hardware in the region.  Such factors will increase the segment growth during the forecast period.

The outbreak of COVID-19 had a detrimental impact on the North American casing cementation hardware market in 2020. However, with the lifting of lockdown restrictions, manufacturing operations for casing cementation hardware resumed, while oil and gas prices gradually recovered since 2021. In addition, the decline in the number of COVID-19 cases boosted mass mobility and transportation, hence raising the need for crude oil. This will assist E and P firms in recouping and increasing investments in oil and gas projects, which, in turn, will drive the demand for casing cementation hardware in North America during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Onshore
    • Offshore
  • Type Outlook (USD Million, 2017 - 2027)
    • Casing hardware
    • Cementation hardware
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global casing cementation hardware market as a part of the global oilfield equipment and services within the global oil and gas market. The global oilfield equipment and services market covers products and companies engaged in upstream exploration and production (E and P) operations, production of equipment or service contracts, and is an important manufacturing sector that caters to the needs of the oil and gas upstream sector. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Casing Cementation Hardware Market Scope

Report Coverage

Details

Page number

153

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.25%

Market growth 2023-2027

USD 2,277.34 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.1

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 44%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Baker Hughes Co., Centek Holdings Ltd., DRILLING TOOLS INTERNATIONAL, Drillstar Industries, Ferro-Tube Oil Tools Co. LP, Forum Energy Technologies Inc., Halliburton Co., Innovex, Inrock Drilling Systems Inc., Nabors Industries Ltd., Neoz Energy Pvt Ltd., PAO TMK, Sledgehammer Oil Tools Pvt. Ltd., Summit Casing Equipment, Techint, Trican Well Service Ltd., Vallourec SA, Weatherford International Plc, WellPartner AS, and NOV Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Casing Cementation Hardware Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the casing cementation hardware market between 2023 and 2027
  • Precise estimation of the size of the casing cementation hardware market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of casing cementation hardware market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global casing cementation and hardware market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global casing cementation and hardware market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Onshore - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Onshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Onshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Onshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Onshore - Year-over-year growth 2022-2027 (%)
    • 6.4 Offshore - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Offshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Offshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Offshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Offshore - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ million)
      • Exhibit 43: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Casing hardware - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Casing hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Casing hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Casing hardware - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Casing hardware - Year-over-year growth 2022-2027 (%)
    • 7.4 Cementation hardware - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Cementation hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Cementation hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Cementation hardware - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Cementation hardware - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 56: Market opportunity by Type ($ million)
      • Exhibit 57: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ million)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Baker Hughes Co.
              • Exhibit 111: Baker Hughes Co. - Overview
              • Exhibit 112: Baker Hughes Co. - Business segments
              • Exhibit 113: Baker Hughes Co. - Key news
              • Exhibit 114: Baker Hughes Co. - Key offerings
              • Exhibit 115: Baker Hughes Co. - Segment focus
            • 12.4 Centek Holdings Ltd.
              • Exhibit 116: Centek Holdings Ltd. - Overview
              • Exhibit 117: Centek Holdings Ltd. - Product / Service
              • Exhibit 118: Centek Holdings Ltd. - Key offerings
            • 12.5 Forum Energy Technologies Inc.
              • Exhibit 119: Forum Energy Technologies Inc. - Overview
              • Exhibit 120: Forum Energy Technologies Inc. - Business segments
              • Exhibit 121: Forum Energy Technologies Inc. - Key offerings
              • Exhibit 122: Forum Energy Technologies Inc. - Segment focus
            • 12.6 Halliburton Co.
              • Exhibit 123: Halliburton Co. - Overview
              • Exhibit 124: Halliburton Co. - Business segments
              • Exhibit 125: Halliburton Co. - Key news
              • Exhibit 126: Halliburton Co. - Key offerings
              • Exhibit 127: Halliburton Co. - Segment focus
            • 12.7 Innovex
              • Exhibit 128: Innovex - Overview
              • Exhibit 129: Innovex - Product / Service
              • Exhibit 130: Innovex - Key offerings
            • 12.8 Nabors Industries Ltd.
              • Exhibit 131: Nabors Industries Ltd. - Overview
              • Exhibit 132: Nabors Industries Ltd. - Business segments
              • Exhibit 133: Nabors Industries Ltd. - Key news
              • Exhibit 134: Nabors Industries Ltd. - Key offerings
              • Exhibit 135: Nabors Industries Ltd. - Segment focus
            • 12.9 Neoz Energy Pvt Ltd.
              • Exhibit 136: Neoz Energy Pvt Ltd. - Overview
              • Exhibit 137: Neoz Energy Pvt Ltd. - Product / Service
              • Exhibit 138: Neoz Energy Pvt Ltd. - Key offerings
            • 12.10 NOV Inc.
              • Exhibit 139: NOV Inc. - Overview
              • Exhibit 140: NOV Inc. - Business segments
              • Exhibit 141: NOV Inc. - Key offerings
              • Exhibit 142: NOV Inc. - Segment focus
            • 12.11 PAO TMK
              • Exhibit 143: PAO TMK - Overview
              • Exhibit 144: PAO TMK - Business segments
              • Exhibit 145: PAO TMK - Key offerings
              • Exhibit 146: PAO TMK - Segment focus
            • 12.12 Sledgehammer Oil Tools Pvt. Ltd.
              • Exhibit 147: Sledgehammer Oil Tools Pvt. Ltd. - Overview
              • Exhibit 148: Sledgehammer Oil Tools Pvt. Ltd. - Product / Service
              • Exhibit 149: Sledgehammer Oil Tools Pvt. Ltd. - Key offerings
            • 12.13 Summit Casing Equipment
              • Exhibit 150: Summit Casing Equipment - Overview
              • Exhibit 151: Summit Casing Equipment - Product / Service
              • Exhibit 152: Summit Casing Equipment - Key offerings
            • 12.14 Techint
              • Exhibit 153: Techint - Overview
              • Exhibit 154: Techint - Product / Service
              • Exhibit 155: Techint - Key offerings
            • 12.15 Trican Well Service Ltd.
              • Exhibit 156: Trican Well Service Ltd. - Overview
              • Exhibit 157: Trican Well Service Ltd. - Product / Service
              • Exhibit 158: Trican Well Service Ltd. - Key offerings
            • 12.16 Vallourec SA
              • Exhibit 159: Vallourec SA - Overview
              • Exhibit 160: Vallourec SA - Business segments
              • Exhibit 161: Vallourec SA - Key offerings
              • Exhibit 162: Vallourec SA - Segment focus
            • 12.17 Weatherford International Plc
              • Exhibit 163: Weatherford International Plc - Overview
              • Exhibit 164: Weatherford International Plc - Business segments
              • Exhibit 165: Weatherford International Plc - Key news
              • Exhibit 166: Weatherford International Plc - Key offerings
              • Exhibit 167: Weatherford International Plc - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 168: Inclusions checklist
                • Exhibit 169: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 170: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 171: Research methodology
                • Exhibit 172: Validation techniques employed for market sizing
                • Exhibit 173: Information sources
              • 13.5 List of abbreviations
                • Exhibit 174: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Casing Cementation Hardware market growth will increase by $2277.34 million during 2023-2027.
              The casing cementation hardware market is expected to grow at a CAGR of 4.25% during 2023-2027.
              Technavio has segmented the casing cementation hardware market by application (Onshore and Offshore) ,type (Casing hardware and Cementation hardware) , and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              Baker Hughes Co., Centek Holdings Ltd., DRILLING TOOLS INTERNATIONAL, Drillstar Industries, Ferro-Tube Oil Tools Co. LP, Forum Energy Technologies Inc., Halliburton Co., Innovex, Inrock Drilling Systems Inc., Nabors Industries Ltd., Neoz Energy Pvt Ltd., PAO TMK, Sledgehammer Oil Tools Pvt. Ltd., Summit Casing Equipment, Techint, Trican Well Service Ltd., Vallourec SA, Weatherford International Plc, WellPartner AS, NOV Inc. are a few of the key vendors in the casing cementation hardware market.
              North America will register the highest growth rate of 43.72% among the other regions. Therefore, the casing cementation hardware market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the casing cementation hardware market growth are:
              • Increasing investments in upstream oil and gas operations
              • Development of intelligent well-completion technologies
              The casing cementation hardware market vendors should focus on grabbing business opportunities from the onshore segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
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