Global Oilfield Crown Block Market 2019-2023
- Published: Mar 2019
- Pages: 118
- SKU: IRTNTR31038
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The global oilfield crown block market size will grow by USD 2,112 thousand during 2019-2023. This report provides a detailed analysis of the market by application (onshore and offshore) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several oilfield crown block manufacturers including American Block Inc., CHENGDU ZHONGHANG MACHINERY CO., LTD, MHWirth, Puyang Sida Petroleum Machinery Co., Ltd, and The Crosby Group.
Some of the key findings from our oilfield crown block market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global oilfield crown block industry overview
The operation of oilfield crown blocks in drilling is a critical process which requires constant monitoring. Component failure or poor judgment from workers may harm both workers and equipment. Hence, oilfield crown block manufacturers are incorporating monitoring and alarm systems to enhance the safety of their products. These systems come with several features such as automatic safety interlock, data logging, weight mode, speed control, zone control, and sand-line version which help in measuring the crown block position accurately. The sensors fitted in rig derricks sense any unsafe or unusual levels of the traveling blocks attached to the crown block and notify workers on the site thereby preventing accidents. Such technological advancements in oilfield crown blocks which enhance their safety will positively impact oilfield crown block market growth in the coming years.
The gradual recovery in global crude oil prices has attracted significant investments in the oil and gas industry. The higher level of profits is encouraging oil and gas companies to increase their investments in onshore, offshore, deepwater and ultra-deepwater drilling activities. This has created the demand for oil and gas drilling rigs, rig components and equipment such as oilfield crown blocks. In addition to technological advancements, the increasing number of active rigs will also contribute to the growth of the oilfield crown block market which will register a CAGR of almost 6% during the forecast period.
Top oilfield crown block companies covered in this market research report
The global oilfield crown block market is fairly fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this oilfield crown block market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading companies including:
- American Block Inc.
- CHENGDU ZHONGHANG MACHINERY CO., LTD
- MHWirth
- Puyang Sida Petroleum Machinery Co., Ltd
- The Crosby Group
Oilfield crown block market segmentation based on application
- Onshore
- Offshore
The onshore segment will account for the highest oilfield crown block market share because of the increase in E&P activities in the US. The increasing investments in unconventional oil and gas production will also have a positive impact on the growth of the oilfield crown block market in the onshore segment.
Oilfield crown block market segmentation based on geographic region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest share of the oilfield crown block market throughout the forecast period. The increasing unconventional E&P activities and offshore oil and gas production will drive oilfield crown block market growth in this region.
Key highlights of the global oilfield crown block market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the oilfield crown block market during the next five years
- Precise estimation of the global oilfield crown block market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the oilfield crown block industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of oilfield crown block companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Onshore - Market size and forecast 2018-2023
- Offshore - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increase in upstream deepwater and ultra-deepwater projects
- Advances in oilfield crown block-associated technologies
- Declining cost of raw materials
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- American Block Inc.
- CHENGDU ZHONGHANG MACHINERY CO.,LTD
- MHWirth
- Puyang Sida Petroleum Machinery Co.,Ltd
- The Crosby Group
PART 14: APPENDIX
- Research methodology
- 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
Key Questions Answered
- 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?
- What are the factors influencing the growth of the parent market?
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