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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.
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.
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:
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
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