Christmas Tree Valve Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Canada, Saudi Arabia, China, Germany - Size and Forecast 2023-2027

Published: Nov 2023 Pages: 146 SKU: IRTNTR74795

Global Christmas Tree Valve Market Size 2023-2027

The Global Christmas Tree Valve Market size is projected to reach a value of USD 777.73 million accelerating at a CAGR of 4.52% between 2022 and 2027. The Global Christmas Tree Valve Market witnesses growth driven by key factors within the oil and gas industry. With a growing demand for oil and natural gas, coupled with increasing exploration and production activities worldwide, there's a heightened need for efficient valve solutions. Additionally, initiatives from government and corporate agencies further bolster market expansion. However, the market faces challenges such as the cost and time associated with maintenance, along with higher expenses linked to offshore drilling. Despite these challenges, trends like crude oil exploration and investments in the shale industry, alongside advancements in remote monitoring and automation solutions, present opportunities for market growth in the Christmas tree valve sector. This report offers market size, historical data (2017-2021), and future forecasts are presented in terms of value (in USD million) for all these mentioned segments.

Global Christmas Tree Valve Market Forecast 2023-2027

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Market Segmentation

By Type Analysis

The market share growth by the horizontal tree segment will be significant during the forecast period. A horizontal tree is known as a workover-friendly tree because the valves are not located in the center of the wellbore, allowing for easy tubing retrieval. A Christmas tree is a piece of equipment that controls the flow of an oil or gas well. These are a vertical assembly of valves with gauges and chokes that allow for flow control adjustments as well as production stimulation injections. 

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The horizontal tree segment was valued at USD 1.69 million in 2017. When the oil or gas well is ready to produce, and the processing and storage facilities are ready to receive, the valves that make up some of the decorations on the Christmas tree are opened. Other ornaments include tools for pressure relief, monitoring, and chemical injection. Hence, governmental push and innovative technologies are expected to drive the growth of the horizontal tree segment in the global market during the forecast period.

Geographical Analysis

North America is estimated to contribute 45% during the forecast period.

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is expected to grow significantly during the forecast period, owing to increased exploration and production activities in countries. The US has one of the world's largest technically recoverable shale gas reserves and the second-largest tight oil reserves. Upstream oil and gas activity in the onshore region has been supported by technological advances in hydraulic fracturing and low breakeven prices, resulting in high demand for oilfield equipment such as Christmas trees. Such factors are expected to lead to increased investment during the forecast period, assisting in the increase in the demand for the tree. Hence, the market is expected to have steady growth during the forecast period.

Market Dynamics

The market is experiencing growth due to increasing oil exploration activities, with a focus on remote monitoring and automation solutions for gas and oil wells, including chokes, gauges, spools, and valves, to optimize over-oil well and under-oil well activities, deploying surface Christmas trees with crucifix patterns or basic surface trees, featuring manual valves for adjustments and injections, particularly in the crude oil industry, alongside factors like gas injection into non-producing wells, natural gas extraction, and subsea production systems for gas and oil wells, including water disposal and injection wells. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Drivers

Growing demand for oil and natural gas is the key factor driving market growth. According to the US EIA (Energy Information Administration), after declining by a record 6.6 million barrels per day in 2020, global liquid fuel consumption increased by 1.4 million barrels per day in 2021. Over 70% of the rise in the demand for energy was met by oil, natural gas, and coal. Moreover, the gradual recovery of crude oil prices has also fetched investments in the oil and gas sector. 

Moreover, investments are being made in oil and gas pipelines. Furthermore, in the previous decade, the global consumption of natural gas registered a significant rise. This was due to an increase in the adoption of natural gas as a fuel. The rise in fuel consumption in developing economies such as China and India is also expected to drive market growth during the forecast period. 

Significant Market Trends

Crude oil exploration is the primary trend shaping market growth. This has emerged as a key growth multiplier for the market. The global demand for Christmas tree valves is being propelled by the numerous benefits they offer, such as their ability to control gas injection on non-producing or producing wells and prevent blockages.

Moreover, several leading players operating in different regions of the world are expected to expand their presence and secure new contracts to initiate new oil and gas exploration projects in the upcoming years. Such industry developments are expected to have a positive impact on the demand for Christmas tree valves during the forecast period.

Major Market Challenges

Cost and time associated with maintenance are major challenges impeding the market. One of the main concerns for the refinery operators is the maintenance services cost and time. In addition to this, the procedure of maintenance services is also time-consuming. This leads the production services to halt their activities which hampers the revenue of the vendors. Therefore, long-duration and frequent maintenance activities are usually avoided by the refinery companies. 

Moreover, the price of oil products is anticipated to witness an increase in the next five years. This is expected to encourage refinery operators to reduce their cost expenditure, which, in turn, will negatively impact the demand for Christmas trees. Hence such factors will hinder the market growth during the forecast period. 

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Market Major Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Christmas Trees Market. One of the major companies in the market include:

  • Kingsa Industries (USA) Inc.: The company offers wellhead christmas tree valve with trims available in material classes AA through HH and pressures 2,000psi through 20,000psi.

This market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 12 market companies, including:

Aker Solutions ASA, Baker Hughes Co., Delta Corp., Dril Quip Inc., Halliburton Co., NOV Inc., Schlumberger Ltd., Solar Alert Sdn Bhd, Stream Flo Industries Ltd., TechnipFMC plc, The Weir Group Plc, and Worldwide Oilfield Machine Inc.

Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market revolves around the intricate world of oil exploration activities, catering to the needs of gas and oil wells worldwide. Central to this market are essential components like chokes, gauges, spools, and valves, which are crucial for managing over-oil well and under-oil well activities. These components, including the surface Christmas tree and crucifix pattern, form the backbone of the crude oil industry, facilitating both manual and automated operations. As the industry evolves, growth factors drive innovation in technologies for non-producing wells and enhance production efficiency.

From standard cubic meters to subsea production systems, every aspect of the market caters to the diverse needs of gas wells, oil wells, water disposal wells, water injection wells, and gas injection wells to ensure optimal performance and safety standards. The global market caters to the diverse needs of the oil and gas industry, offering solutions such as the basic surface tree and manual valves for efficient fluid flow management. These valves are integral components in artificial lift systems utilized by oil and gas companies worldwide. Incorporating advanced features like electrical interfaces and safety equipment monitoring, the market aligns with the stringent standards of the crude oil sector, ensuring optimal performance and safety.

With a focus on innovation, the industry drives growth in the industrial valve market and expansion valve market, facilitating gas injection control and blockage prevention in gas distribution systems and pipeline projects. From offshore production to water treatment facilities, the market's diverse range of valve designs addresses the needs of various sectors, emphasizing efficiency, reliability, and pressure drop management with solutions like variable speed drives for enhanced performance.

Industry  Scope

Report Coverage

Details

Page number

146

Base year

2022

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.52%

Market growth 2023-2027

USD 777.73 million

Market structure

USD Concentrated

YoY growth 2022-2023(%)

4.25

Regional analysis

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

Performing market contribution

North America at 45%

Competitive landscape

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

Key companies profiled

Aker Solutions ASA, Baker Hughes Co., Delta Corp., Dril Quip Inc., Halliburton Co., Kingsa Industries (USA) Inc., NOV Inc., Schlumberger Ltd., Solar Alert Sdn Bhd, Stream Flo Industries Ltd., TechnipFMC plc, The Weir Group Plc, and Worldwide Oilfield Machine Inc.

Market dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Christmas Trees Market Research Report?

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive market growth and forecasting during the next five years
  • Market analysis and report of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • Market growth analysis across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on companies
  • Market forecasting of factors that will challenge the growth of the key market companies

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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 Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Location
    • 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 christmas tree valve market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global christmas tree valve market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Location Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Location 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 Type

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

    7 Market Segmentation by Location

    • 7.1 Market segments
      • Exhibit 44: Chart on Location - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Location - Market share 2022-2027 (%)
    • 7.2 Comparison by Location
      • Exhibit 46: Chart on Comparison by Location
      • Exhibit 47: Data Table on Comparison by Location
    • 7.3 Onshore - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Onshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Onshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Onshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Onshore - Year-over-year growth 2022-2027 (%)
    • 7.4 Offshore - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Offshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Offshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Offshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Offshore - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Location
      • Exhibit 56: Market opportunity by Location ($ million)
      • Exhibit 57: Data Table on Market opportunity by Location ($ 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 Saudi Arabia - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Canada - 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 Aker Solutions ASA
              • Exhibit 111: Aker Solutions ASA - Overview
              • Exhibit 112: Aker Solutions ASA - Business segments
              • Exhibit 113: Aker Solutions ASA - Key news
              • Exhibit 114: Aker Solutions ASA - Key offerings
              • Exhibit 115: Aker Solutions ASA - Segment focus
            • 12.4 Baker Hughes Co.
              • Exhibit 116: Baker Hughes Co. - Overview
              • Exhibit 117: Baker Hughes Co. - Business segments
              • Exhibit 118: Baker Hughes Co. - Key news
              • Exhibit 119: Baker Hughes Co. - Key offerings
              • Exhibit 120: Baker Hughes Co. - Segment focus
            • 12.5 Delta Corp.
              • Exhibit 121: Delta Corp. - Overview
              • Exhibit 122: Delta Corp. - Product / Service
              • Exhibit 123: Delta Corp. - Key offerings
            • 12.6 Dril Quip Inc.
              • Exhibit 124: Dril Quip Inc. - Overview
              • Exhibit 125: Dril Quip Inc. - Business segments
              • Exhibit 126: Dril Quip Inc. - Key news
              • Exhibit 127: Dril Quip Inc. - Key offerings
              • Exhibit 128: Dril Quip Inc. - Segment focus
            • 12.7 Halliburton Co.
              • Exhibit 129: Halliburton Co. - Overview
              • Exhibit 130: Halliburton Co. - Business segments
              • Exhibit 131: Halliburton Co. - Key news
              • Exhibit 132: Halliburton Co. - Key offerings
              • Exhibit 133: Halliburton Co. - Segment focus
            • 12.8 Kingsa Industries (USA) Inc.
              • Exhibit 134: Kingsa Industries (USA) Inc. - Overview
              • Exhibit 135: Kingsa Industries (USA) Inc. - Product / Service
              • Exhibit 136: Kingsa Industries (USA) Inc. - Key offerings
            • 12.9 NOV Inc.
              • Exhibit 137: NOV Inc. - Overview
              • Exhibit 138: NOV Inc. - Business segments
              • Exhibit 139: NOV Inc. - Key offerings
              • Exhibit 140: NOV Inc. - Segment focus
            • 12.10 Schlumberger Ltd.
              • Exhibit 141: Schlumberger Ltd. - Overview
              • Exhibit 142: Schlumberger Ltd. - Business segments
              • Exhibit 143: Schlumberger Ltd. - Key news
              • Exhibit 144: Schlumberger Ltd. - Key offerings
              • Exhibit 145: Schlumberger Ltd. - Segment focus
            • 12.11 Solar Alert Sdn Bhd
              • Exhibit 146: Solar Alert Sdn Bhd - Overview
              • Exhibit 147: Solar Alert Sdn Bhd - Product / Service
              • Exhibit 148: Solar Alert Sdn Bhd - Key offerings
            • 12.12 Stream Flo Industries Ltd.
              • Exhibit 149: Stream Flo Industries Ltd. - Overview
              • Exhibit 150: Stream Flo Industries Ltd. - Product / Service
              • Exhibit 151: Stream Flo Industries Ltd. - Key offerings
            • 12.13 TechnipFMC plc
              • Exhibit 152: TechnipFMC plc - Overview
              • Exhibit 153: TechnipFMC plc - Business segments
              • Exhibit 154: TechnipFMC plc - Key offerings
              • Exhibit 155: TechnipFMC plc - Segment focus
            • 12.14 The Weir Group Plc
              • Exhibit 156: The Weir Group Plc - Overview
              • Exhibit 157: The Weir Group Plc - Business segments
              • Exhibit 158: The Weir Group Plc - Key news
              • Exhibit 159: The Weir Group Plc - Key offerings
              • Exhibit 160: The Weir Group Plc - Segment focus
            • 12.15 Worldwide Oilfield Machine Inc.
              • Exhibit 161: Worldwide Oilfield Machine Inc. - Overview
              • Exhibit 162: Worldwide Oilfield Machine Inc. - Product / Service
              • Exhibit 163: Worldwide Oilfield Machine Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 164: Inclusions checklist
                • Exhibit 165: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 166: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 167: Research methodology
                • Exhibit 168: Validation techniques employed for market sizing
                • Exhibit 169: Information sources
              • 13.5 List of abbreviations
                • Exhibit 170: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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