Presence of a Large Number of Rig Wells in North America to Drive the Subsea Fasteners Market


Posted January 15, 2019 by sakshiTMR

Transparency Market Research (TMR) provides key insights on the subsea fasteners market in its latest report titled “Subsea Fasteners Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.”

 
Transparency Market Research (TMR) provides key insights on the subsea fasteners market in its latest report titled “Subsea Fasteners Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, the presence of a large number of rig wells in the U.S. and Canada is predicted to drive the subsea fasteners market during the forecast period. The U.S. had more than 850 rigs, while Canada owned more than 200 rigs in 2017. This offers key opportunities to the subsea fasteners market in the region.
The report has segmented the subsea fasteners market based on type, application, and region. In terms of type, the subsea fasteners market is divided into all thread stud bolts, engineer stud bolts, double-ended stud bolts, waisted engineer stud bolts, socket caps crews, heavy hexagon bolts and setscrews (hex head capscrews), bi-hex bolts & screws (ferry heads or 12-point bolts), hook bolts, tee bolts, u-bolts, heavy hex nuts, and washers. On the basis of application, the subsea fasteners market is divided into oil & gas, power generation, petrochemical, and others. The oil and gas segments accounted major share for subsea fasteners market.
In accordance with region, the subsea fasteners market is segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America held the major share of the subsea fasteners market in 2017, followed by Asia Pacific and Middle East & Africa. Middle East & Africa is a rapidly expanding region of the subsea fasteners market. Nigeria accounts for prominent share of the subsea fasteners market in the region. In terms of value, Asia Pacific constituted substantial share of the global subsea fasteners market in 2017, owing to the discovery of a large number of offshore reserves in the region.
Prominent players operating in the global subsea fasteners market are included in this report to give a better competitive landscape and these are Hague Fasteners Ltd., LSP Holding (UK) LTD, Doxsteel Fasteners, Thomas Smith Fasteners, HCL Fasteners Ltd, and MARO Fasteners B.V.
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Categories Science
Tags subsea fasteners , subsea fasteners market , subsea fasteners market size
Last Updated January 15, 2019