Press release
The Casing Centralizers Market Is Expanding At A CAGR Of 3.9% During The Forecast Period (2022-2030)
Casing Centralizers Market InsightsThe global casing centralizers market is anticipated to grow at a CAGR of 3.9% to create an absolute $ opportunity of more than US$ 215.9 million during the forecast period (2020-30). It is anticipated to be valued at more than US$ 675.0 million by 2030-end, according to a new Fact.MR study.
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With an increase in the production of shale gas in countries such as China, Canada, Argentina and the US, sales of casing centralizers are expected to experience a substantial rise through 2030. As per the World Oil estimates in 2018, the drilling activities outside the U.S. is forecast to increase by 4.6% to 43,456 wells, led by significant improvements in Russia, China, Australia and parts of Africa.
Manufacturers Focus on Business Expansion through M&A Activities
The global casing centralizers market is highly competitive in nature. Key players are focusing on expanding their business operations through acquisitions.
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Key Takeaways of Casing Centralizers Market Study
The global casing centralizers market is expected to grow at a volume CAGR of 3.7% and expand 1.4X through 2030.
Bow spring casing centralizers will continue to hold maximum share of the total market value and create an absolute $ opportunity of US$ 93.5 million during the forecast period.
Onshore application of casing centralizers is expected to grow at a value CAGR of 3.8%, however, lose 110 BPS from its market share through 2030.
Steel remains the material of choice and accounts for nearly three-fifth of the overall casing centralizers market value.
North America will remain at the forefront, accounting for more than 45% share of the global market value, owing to rapid exploration of unconventional resources.
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Key Segments of the Casing Centralizers Market
The Fact.MR's study on the casing centralizers market offers information divided into three key segments-product, application, and materials across five regions. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Product
Bow Spring Casing Centralizers
Rigid Blade Casing Centralizers
Semi-Rigid Casing Centralizers
Inter-Casing Centralizers Sub
Application
Onshore
Offshore
Materials
Steel
Aluminium
Zinc
Polymer
Resin
Region
North America
Latin America
Europe
Asia Pacific
MEA
Key Questions Answered in Report
Which are the most lucrative markets for Casing Centralizers?
Which factors will impact the growth of the market?
How will changing trends impact the strategies of Casing Centralizers market players?
How can market players capture the low-hanging opportunities across regions?
Which companies are leading the industry?
What are the winning strategies of stakeholders in the Casing Centralizers market?
Why to purchase this Report?
Following are the reasons to consider this Outlook of Casing Centralizers Market report By Fact.MR - a market research and competitive intelligence provider:
This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the Casing Centralizers Market key players and their working methodologies and their decision making capabilities.
The report analyzes various factors which act as drivers and restraints to development and sales of Casing Centralizers Market globally .
This report not only analyzes present market condition but it likewise estimates how the Casing Centralizers Market Demand is going to perform for estimated time period.
It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer's requirement and preferences regarding the product in particular region.
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