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Tubing Spools Market Outlook, Size, Share, Analysis- 2026 | By Type, Application
Tubing Spools Market
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The tubing spool is equipment that is attached to the smallest casing string or uppermost casing head. It is used to seal the annular space between the casing and tubing. There are a variety of tubing spools available in metals such as high manganese steel, carbon steel, and stainless steel. Moreover, the spool supports the tubing string on an oil well and connects with a tubing adapter on the top. It consists of the upper and lower flange for pack off tubing hanger retention and testing of the secondary seal. Its parts include the upper bowl, lockdown screw, load shoulder, secondary seal area, test port, outlet, lower & upper flanges, and ring gasket groove.
The growing exploration and drilling activities for oil around the globe, and oil price recovery are some of the major factors which drive the tubing spools market growth. In addition, the rise in the redevelopment of mature oil wells propels the demand for tubing spools in the oil and gas industry. However, an increase in prices of raw materials and fluctuations in foreign currencies are expected to hinder the tubing spools market growth.
Key Segments
The global tubing spools market is segmented based on type, application, and region. Based on type, the market is segmented into single tubing and dual tubing. The single tubing spool is projected to experience growth during the forecast period due to its utilization for HTHP application in the oil & gas industry. These single tubing spools are an essential part of a piping system in the oil and gas industry, which are also utilized to supports the tubing string on an oil well, and connect with a tubing adapter on the top.
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By Application
Based on application, the market is divided into onshore, and offshore The onshore segment is the largest segment in 2018 in terms of revenue owing to the discovery of new oil and gas resources. In addition, The tubing spool in the onshore application is widely used for proper pressure sealing of the total casing, which is used in the respective operation. Moreover, an increase in investments in offshore oil & gas exploration and production activities offers lucrative growth opportunities for the tubing spools market growth.
By Region
Based on region, the tubing spools market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America region is projected to experience growth during the forecast period owing to expansion of the oil and gas sector in the region. Moreover, a rise in investment in new good drilling activities is also expected to fuel the market growth in the region.
Competition Analysis
The key market players profiled in the report of the tubing spools market include Delta Corporation, EthosEnergy Group Limited, Integrated Equipment, Jereh Oilfield Equipment, Jiangsu Sanyi Petroleum Equipment Co., Ltd, JMP Petroleum Technologies, Inc., Msp/drilex, Inc., Uztel S.A, Sunnda Corporation, and Weir Group.
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