Sales of Zonal Isolation Packers Surge with Resurgence of Well Drilling Operations


Posted January 27, 2020 by preefacto

Zonal Isolation Packers Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

 
Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global zonal isolation packers market during the historical period of 2013 – 2018. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2027.

According to a recent study of Fact.MR, sales of zonal isolation packers exceeded 25,438 units in 2018, and is estimated to surpass 26,000 units in 2019. The Fact.MR study finds an ever-increasing need from exploration & production industry operators to address the issue of gas migration, which continues to be one of the longstanding challenges requiring immediate attention. This, in turn, is paving favorable grounds for adoption of effective zonal isolation technologies, including zonal isolation packers.

After reading the zonal isolation packers market report, readers get insight into:

Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
New, promising avenues in key regions
New revenue streams for all players in emerging markets
Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
Demand and uptake patterns in key industries of the zonal isolation packers market
New research and development projects in new technologies in key regional markets
Changing revenue share and size of key product segments during the forecast period
Technologies and business models with disruptive potential

The zonal isolation packers market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:

North America (U.S., Canada)
Latin America (Brazil, Mexico)
Europe (U.K., Germany)
APEJ (China, India)

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The study opines that demand for zonal isolation packers is closely associated with two of the highly-valued aspects- well lifecycle and workover. With resurgence of well drilling activities worldwide, industry operators seek effective zonal isolation packers that ensure enhanced well lifecycle and reduced workover. Consistent growth of well-intervention procedures across the existing oilfields for production ramp-up is one among the chief aspects bolstering the adoption of zonal isolation packers.

The study states that end-users will continue to show marked preferences for permanent zonal isolation packers, owing to their excellent performance as compared to retrievable and open hole variants. High sealing & gripping capabilities and low costs remain two key touchpoints boosting sales of permanent zonal isolation packers, with global sales estimated to surpass 15,600 units in 2019. Demand for zonal isolation packers from onshore applications will

The evaluation of the competitive landscape in the zonal isolation packers market covers the profile of the following top players:

Halliburton
Baker Hughes Inc.
Weatherford International PLC
National Oilwell Varco, Inc.
Nine Energy Services
Trican Well Service Ltd.
NCS Multistage Holdings, Inc
Nabors Industries Ltd.
Saltel Industries SAS
Packers Plus Energy Services Inc.
Superior Energy Services
Innovex Downhole Solutions
Vanguard Oil Tools & Services
Welltec
Schlumberger Limited

To expand the understanding of opportunities in the global zonal isolation packers market report looks at close quarters into the opportunities and new avenues in following key segments:

Permanent
Retrievable
Open Hole

In addition to understanding the demand patterns of various end users, the report on the zonal isolation packers market also enumerates trends expected to attract investments by other various associated industries.

On the basis of working pressure, the zonal isolation packers market report offers insight into major adoption trends for the following segments:

Upto 7,500 Psi
500-15,000 Psi
Above 15,000 Psi

The global zonal isolation packers market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

Want to know more about the report or any specific requirement: https://www.factmr.com/connectus/sample?flag=AE&rep_id=3105

Some important questions that the zonal isolation packers market report tries to answer exhaustively are:

Key strategic moves by various players in the zonal isolation packers market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
Which strategies will enable top players in the zonal isolation packers market to expand their geographic footprints?
Which new business models are expected to change the course of growth of key regional markets in near future?
Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
Which products segments have in recent years have seen new, lucrative application areas?
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Issued By FACT.MR
Business Address 27 Upper Pembroke Street,
Dublin 2, Ireland
Country Ireland
Categories Business , Industry , Research
Tags zonal isolation packers
Last Updated January 27, 2020