Oilfield Casing Spools Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, Canada, Saudi Arabia, China, Russia - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 150 SKU: IRTNTR72364

Oilfield Casing Spools Market Report 2024-2028 

The oilfield casing spools market size is estimated to grow at a CAGR of 6.56% between 2024 and 2028. The market size is forecast to increase by USD 45.22 million. The growth of the market depends on several factors such as 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 oilfield casing spools market report extensively covers market segmentation by type (stainless steel and low alloy steel), application (onshore and offshore), and geography (North America, APAC, Europe, 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 2018 to 2022.

What will be the size of the Oilfield Casing Spools Market During the Forecast Period?

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Oilfield Casing Spools Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 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 Oilfield Casing Spools Market Driver

Increasing active rig count is the key factor driving the growth of the market. Governments across the globe recognize the economic significance of the oil and gas business and are investing extensively to enhance their energy infrastructure. For instance, in the US, attempts to stimulate domestic energy production, such as the America First Energy Plan, have resulted in an increase in rig counts. Similarly, in the Middle East, countries such as Saudi Arabia and the UAE have begun ambitious programs to expand their drilling operations, adding to an increase in rig count.

Furthermore, countries such as APAC, particularly China and India, are experiencing significant expenditures in offshore drilling, which is driving up demand for oilfield casing spools. These investments highlight the critical importance of rig count as a growth driver in the global oilfield casing spools market, with governments actively pushing and supporting these activities. Thus, such factors will drive the growth of the global oilfield casing spools market during the forecast period.

Key Oilfield Casing Spools Market Trends

The declining cost of raw materials of oilfield casing spools is the primary trend in the market. Casing spools are basic components in oil and gas well drilling and completion activities to support and seal the intermediate casing string, a pipe that is used below the surface casing string. The essential costs incurred during the manufacturing of casing spools include the cost of raw materials, primarily steel. Thus, the global trends in steel prices have a significant impact on the global oilfield casing spools market. 

Moreover, the global oilfield casing spools market is expected to benefit significantly from the decline in raw material prices. The reduction in raw material costs will further increase the profits for casing spools manufacturers and, subsequently, drive the growth of the global oilfield casing spools market during the forecast period.

Key Oilfield Casing Spools Market Challenge

Fluctuation in oil and gas prices is a challenge that affects the growth of the market. The global oilfield casing spools market is restricted by the inherent volatility of oil and gas prices. This variation has an effect on the stability and profitability of the market in focus. For instance, the COVID-19 pandemic in 2020 caused a dramatic drop in oil prices, with West Texas Intermediate (WTI)crude oil momentarily falling into negative territory, reaching as low as -USD 37 per barrel in April 2020. 

In addition, to ensure market resilience, the oil and gas industry must constantly react to price volatility through risk mitigation methods and diversification. Failing to be resilient to such fluctuations will impede the growth of the market during the forecast period.

Oilfield Casing Spools Market Customer Landscape

The market research 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.

Global Oilfield Casing Spools Market Customer Landscape

Who are the Major Oilfield Casing Spools Market 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 market.

  • Baker Hughes Co.: The company offers oilfield casing spools for deploying downhole instrumentation and monitoring systems with low risk and high reliability.

The research report also includes detailed analyses of the competitive landscape of the market and information about 11 market companies, including:

  • Delta Corp.
  • Jiangsu HongFei Petroleum Machinery Manufacturing Co. Ltd.
  • Parveen Industries Pvt. Ltd.
  • Sakward Oilfield Manufacturing Co. Ltd.
  • Schlumberger Ltd.
  • Sentry Wellhead Systems LLC
  • Shaanxi FYPE Rigid Machinery Co. Ltd.
  • UZTEL SA
  • Worldwide Oilfield Machine Inc.
  • Yantai Jereh Oilfield Services Group Co. Ltd.

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; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Oilfield Casing Spools Market?

The stainless steel segment is estimated to witness significant growth during the forecast period. In the global oilfield casing spools market, stainless steel casing spools have emerged as the leading type. This dominance is the result of various reasons. Further, global governments, particularly the US Department of Energy (DOE), have emphasized the need for ecologically responsible and sustainable practices in the oil and gas industry. These objectives are met with stainless steel casing spools, which decrease the danger of leaks and spills, thus lowering environmental effects.

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The stainless steel segment  was the largest segment and was valued at USD 69.93 million in 2018. Furthermore, due to its strength in extreme temperatures and pressures, stainless steel is important for difficult drilling operations, such as those in deepwater or high-pressure reservoirs. Stainless steel casing spools are projected to maintain their dominant position as the market continues to prioritize safety, sustainability, and efficiency. Thus, such factors are expected to witness significant growth during the forecast period.

Which are the Key Regions for the Oilfield Casing Spools Market?

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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. The US, Canada, and Mexico are the leading markets in the region. These countries are among the largest oil and gas producers in the world. Canada and the US are among the top five crude oil producers in the world and one of the major suppliers of reliable crude oil to international markets.

In addition, the increase in onshore and offshore oil and gas projects, along with increasing investments and initiatives being launched by various governments, will lead to an increase in oil and gas drilling and completion activities in the region. This will boost the demand for casing spools and, thereby, drive the growth of the oilfield casing spools market in North America during the forecast period.

Segment Overview

The oilfield casing spools market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook (USD Million, 2018 - 2028)
    • Stainless steel
    • Low alloy steel
  • Application Outlook (USD Million, 2018 - 2028)
    • Onshore
    • Offshore
  • Region Outlook (USD Million, 2018 - 2028)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Oilfield Casing Spools Market Scope

Report Coverage

Details

Page number

150

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.56%

Market growth 2024-2028

USD 45.22 million

Market structure

Concentrated

YoY growth 2023-2024(%)

6.28

Regional analysis

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

Performing market contribution

North America at 44%

Key countries

US, Canada, Saudi Arabia, China, and Russia

Competitive landscape

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

Key companies profiled

Baker Hughes Co., Delta Corp., Jiangsu HongFei Petroleum Machinery Manufacturing Co. Ltd., Parveen Industries Pvt. Ltd., Sakward Oilfield Manufacturing Co. Ltd., Schlumberger Ltd., Sentry Wellhead Systems LLC, Shaanxi FYPE Rigid Machinery Co. Ltd., UZTEL SA, Worldwide Oilfield Machine Inc., and Yantai Jereh Oilfield Services Group Co. Ltd.

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 the 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 Oilfield Casing Spools Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the size of the market  size and its contribution of the focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of 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 Application
    • 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 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global oilfield casing spools market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global oilfield casing spools market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Stainless steel - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Stainless steel - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Stainless steel - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Stainless steel - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Stainless steel - Year-over-year growth 2023-2028 (%)
    • 6.4 Low alloy steel - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Low alloy steel - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Low alloy steel - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Low alloy steel - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Low alloy steel - Year-over-year growth 2023-2028 (%)
    • 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 Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Onshore - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Onshore - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Onshore - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Onshore - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
    • 7.4 Offshore - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Offshore - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Offshore - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Offshore - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 56: Market opportunity by Application ($ million)
      • Exhibit 57: Data Table on Market opportunity by Application ($ 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 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 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 2023-2028
      • Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Russia - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Russia - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on Russia - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on Russia - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Russia - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 Saudi Arabia - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
    • 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 2023 and 2028
        • 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 Delta Corp.
              • Exhibit 116: Delta Corp. - Overview
              • Exhibit 117: Delta Corp. - Product / Service
              • Exhibit 118: Delta Corp. - Key offerings
            • 12.5 Jiangsu HongFei Petroleum Machinery Manufacturing Co. Ltd.
              • Exhibit 119: Jiangsu HongFei Petroleum Machinery Manufacturing Co. Ltd. - Overview
              • Exhibit 120: Jiangsu HongFei Petroleum Machinery Manufacturing Co. Ltd. - Product / Service
              • Exhibit 121: Jiangsu HongFei Petroleum Machinery Manufacturing Co. Ltd. - Key offerings
            • 12.6 Parveen Industries Pvt. Ltd.
              • Exhibit 122: Parveen Industries Pvt. Ltd. - Overview
              • Exhibit 123: Parveen Industries Pvt. Ltd. - Product / Service
              • Exhibit 124: Parveen Industries Pvt. Ltd. - Key offerings
            • 12.7 Sakward Oilfield Manufacturing Co. Ltd.
              • Exhibit 125: Sakward Oilfield Manufacturing Co. Ltd. - Overview
              • Exhibit 126: Sakward Oilfield Manufacturing Co. Ltd. - Product / Service
              • Exhibit 127: Sakward Oilfield Manufacturing Co. Ltd. - Key offerings
            • 12.8 Schlumberger Ltd.
              • Exhibit 128: Schlumberger Ltd. - Overview
              • Exhibit 129: Schlumberger Ltd. - Business segments
              • Exhibit 130: Schlumberger Ltd. - Key news
              • Exhibit 131: Schlumberger Ltd. - Key offerings
              • Exhibit 132: Schlumberger Ltd. - Segment focus
            • 12.9 Sentry Wellhead Systems LLC
              • Exhibit 133: Sentry Wellhead Systems LLC - Overview
              • Exhibit 134: Sentry Wellhead Systems LLC - Product / Service
              • Exhibit 135: Sentry Wellhead Systems LLC - Key offerings
            • 12.10 Shaanxi FYPE Rigid Machinery Co. Ltd.
              • Exhibit 136: Shaanxi FYPE Rigid Machinery Co. Ltd. - Overview
              • Exhibit 137: Shaanxi FYPE Rigid Machinery Co. Ltd. - Product / Service
              • Exhibit 138: Shaanxi FYPE Rigid Machinery Co. Ltd. - Key offerings
            • 12.11 UZTEL SA
              • Exhibit 139: UZTEL SA - Overview
              • Exhibit 140: UZTEL SA - Business segments
              • Exhibit 141: UZTEL SA - Key offerings
              • Exhibit 142: UZTEL SA - Segment focus
            • 12.12 Worldwide Oilfield Machine Inc.
              • Exhibit 143: Worldwide Oilfield Machine Inc. - Overview
              • Exhibit 144: Worldwide Oilfield Machine Inc. - Product / Service
              • Exhibit 145: Worldwide Oilfield Machine Inc. - Key offerings
            • 12.13 Yantai Jereh Oilfield Services Group Co. Ltd.
              • Exhibit 146: Yantai Jereh Oilfield Services Group Co. Ltd. - Overview
              • Exhibit 147: Yantai Jereh Oilfield Services Group Co. Ltd. - Product / Service
              • Exhibit 148: Yantai Jereh Oilfield Services Group Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 149: Inclusions checklist
                • Exhibit 150: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 151: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 152: Research methodology
                • Exhibit 153: Validation techniques employed for market sizing
                • Exhibit 154: Information sources
              • 13.5 List of abbreviations
                • Exhibit 155: 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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              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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