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Global Swellable Packers Market 2019-2023

  • Published: Mar 2019
  • Pages: 120
  • SKU: IRTNTR31016
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The global swellable packers market size will grow by USD 515.97 million during 2019-2023. The report provides a detailed analysis of the market by application (onshore and offshore) and geography (APAC, Europe, Middle East and Africa, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several manufacturers including Halliburton, Schlumberger Limited, TAM International, Inc, Tendeka, The Weir Group PLC, and Weatherford.

Some of the key findings from our swellable packers market forecast report are summarized below

Global Swellable Packers Market

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Global swellable packers industry overview

The presence of several unconventional oil and gas reserves has attracted high investments in unconventional E&P activities such as directional drilling and hydraulic fracturing. These unconventional oil and gas drilling techniques require zonal isolation to enhance oil and gas production and prevent the mixing of oil and reservoir fluids in different zones. They are preferred over traditional cement and perforating techniques for zonal isolation as they offer a simplified and low-cost method of breaking targeted reservoirs into smaller sections. With the increasing number of unconventional oil and gas drilling activities in countries such as the US, Canada, and China the demand for swellable packers will increase in the next five years.

The constant exposure to high pressure and high-temperature conditions of unconventional and offshore wells has led to the need for the development of more reliable swellable packers to withstand such extreme conditions. Technological advancements in the swellable packer market have allowed manufacturers to offer packers which can function in challenging bottom hole environments. For instance, SwellRight Ultra offered by Tendeka uses less rubber and can be used in high temperature and pressure environments in both horizontal and vertical wells. Similarly, Smart FREECAP offered by TAM international, Inc provides efficient well isolation and can accommodate multiple control lines of well completion. Such advances in swellable packer technology will drive swellable packers market growth at a CAGR of over 6% during the forecast period.

Top companies covered in the swellable packers market research report

The global swellable packers market is moderately fragmented. To help clients improve their market share, the report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, the market analysis report also includes information on the upcoming trends and challenges that will influence market growth. They will help companies create strategies to make the most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

  • Halliburton
  • Schlumberger Limited
  • TAM International, Inc
  • Tendeka
  • The Weir Group PLC
  • Weatherford

Swellable packers market segmentation based on application

  • Onshore
  • Offshore

The onshore segment will account for the highest swellable packers market share. The increase in onshore oil and gas drilling activities to cater to the growing demand for oil and gas will drive the adoption of swellable packers in the segment which will support the growth of the market.

Swellable packers market segmentation based on geographic region

  • APAC
  • Europe
  • Middle East and Africa
  • 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 swellable packers market throughout the forecast period. The requirement of zonal isolation in the increasing number of unconventional and offshore drilling activities in North America will drive swellable packers market growth in the region. Also, the resurgence of global crude oil prices favors improved profitability for upstream oil and gas companies which will increase the number of oil and gas E&P projects driving the growth of the market.

Key highlights of the global swellable packers 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 swellable packers market during the next five years
  • Precise estimation of the global swellable packers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industry across APAC, Europe, Middle East and Africa, 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 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
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Middle East and Africa - 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 deepwater and ultra-deepwater projects
  • Advances in swellable packer technology
  • Qatar’s exit from OPEC

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Halliburton
  • Schlumberger Limited
  • TAM International, Inc
  • Tendeka
  • The Weir Group PLC
  • Weatherford

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO


 

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
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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
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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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