Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Casing Centralizers Market to Exceed US$ 675 Mn as Sales of Bow Spring Casing Centralizers Rise at 3.7%

This image opens in the lightbox

News provided by

Fact.MR

13 Dec, 2021, 15:30 GMT

Share this article

Share toX

Share this article

Share toX

- North America to Remain the Epi-Centre of Casing Centralizers Market, Surpassing US$ 108.1 Mn

- Fact.MR's latest extensive study offers unbiased analysis of the casing centralizers market. The report explicates on vital dynamics, such as drivers, restraints and emerging opportunities shaping the market dynamics. To present an in-depth overview, report segments the market on the basis of product, application, materials and region.

NEW YORK, Dec. 13, 2021 /PRNewswire/ -- According to the latest Fact.MR analysis, the global casing centralizers market is projected to create an absolute $ opportunity of over US$ 215.9 Mn.

With rising adoption of casing centralizers in oil and gas drilling activities, the market is pegged to be valued at over US$ 675 Mn by the end of 2030.

Increasing consumption of oil and gas from various end use industries and rapid rise in both offshore and onshore oil & gas exploration activities are some of the major factors driving the casing centralizers market.

Casing centralizers are being increasingly used to keep the casing from contacting the borehole, while providing a good standoff clearance around the casing to aid cementing operations.

Increasing investments by government for exploring new oil and gas reserves is creating new growth avenues within the casing centralizers market. New projects are being launched across multiple regions to cater to the rising demand for crude oil.

For instance, in 2020 Egypt announced the investment of US$ 1.4 Bn for exploring oil and natural gas at nine new sites in the Mediterranean and Red Sea. The state's Ministry of Petroleum and Mineral Resources announced the news, and expects to drill a total of 23 new wells across both seas.

Get Sample Copy With Impact Analysis Of COVID-19 Of Market Report

https://www.factmr.com/connectus/sample?flag=S&rep_id=2788

As per Fact.MR, bow spring casing centralizers is expected to remain the most preferred product type across oil and gas applications. These casing centralizers generate a restoring force by using flexible bows that provide the separation between casing and wellbore.

According to the report, demand for casing centralizers in onshore segment is projected to increase substantially over the forecast period. This is attributable to an increase in exploration and production activities in onshore oil & gas fields. Moreover, onshore drilling wells accounts for around 80% of the global oil and gas production.

Regionally, North America will continue to dominate the casing centralizers market due to increasing government initiatives for exploring new oils and gas reserves. Besides this, strong presence of key market players is also supporting the growth in the region. 

As per the study, North America casing centralizers market is projected to create absolute $ opportunity worth US$ 108.1 Mn during the forecast period.

"As the global demand for oil and gas intensify, exploration of more oil and gas reserves has become necessary. Hence, governments across the globe are investing vigorously for this purpose. This is anticipated to create lucrative growth avenues within casing centralizers market over the next ten years," says a Fact.MR analyst

Key Takeaways from Casing Centralizers Market Survey

  • North America casing centralizers market is slated to grow at a CAGR of 4.1% over the assessment period.
  • Asia Pacific will emerge as a lucrative market for casing centralizers, expanding by 1.6X by 2030.
  • With burgeoning demand for oil and gas in the U.K. and Germany, Europe market is projected to expand 1.4X between 2020 and 2030.
  • Sales of bow spring casing centralizers to rise at 3.7% CAGR over the assessment period.
  • By application, onshore segment is set to grow at a CAGR of 3.8% during the forecast period.

Key Drivers

  • Increasing government investments to explore new oil and gas reserves is driving the casing centralizers market.
  • Increasing energy consumption across diverse end-use sectors is positively impacting the market.
  • New product launches remain a key strategy for market players to increase their sales.

Key Restraints

  • Fluctuation in oil & gas prices along with rising shift towards alternative energy resources is restraining the growth in the market.

For Critical Insights on Casing Centralizers Market, Request for Methodology here

https://www.factmr.com/connectus/sample?flag=RM&rep_id=2788

Competitive Landscape

The casing centralizers market is highly consolidated in nature with leading players employing various strategies such as advanced product launches, mergers, partnerships, acquisitions and facility expansions to dominate the market.

  • In April 2020, Centek launched pioneering new hinged product called "S2 hinged centralizer". The new S2 single hinged centralizer has no weak spots and can be confidently used in the same applications (such as challenging wells) as the company's S2 single piece centralizer.
  • In August 2020 Summit Casing Equipment (Summit), a manufacturer of cementation products for the oil and gas industry, acquired Gryphon Casing Solutions, LLC (Gryphon) a division of Gryphon Oilfield Solutions in an asset purchase. The acquisition will help the company to expand its business in the region.

Some of the prominent players operating in the casing centralizers market profiled by Fact.MR are:

  • Halliburton
  • Maxwell Oil Tools Ltd
  • Moonshine Solutions AS
  • NeOz Energy
  • National Oilwell Varco
  • Summit Casing Equipment
  • Weatherford International
  • Others

More Insights on the Global Casing Centralizers Sales Outlook

Fact.MR provides an unbiased analysis of casing centralizers market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the global demand for casing centralizers with a detailed segmentation on the basis of:

Product

  • Bow Spring Casing Centralizers
  • Rigid Blade Casing Centralizers
  • Semi-Rigid Casing Centralizers
  • Inter-Casing Centralizers Sub

Application

  • Onshore
  • Offshore

Materials

  • Steel
  • Aluminum
  • Zinc
  • Polymer
  • Resin

Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Key Questions Covered in the Casing Centralizers Market Outlook Report

  • The report offers insight into casing centralizers demand outlook for 2020-2030
  • The market study also highlights projected sales growth for casing centralizers market between 2020 and 2030
  • Casing centralizers market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Casing centralizers market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Explore Fact.MR's Coverage on the Industrial Goods Domain –

Well Intervention Market Analysis - Any corrective operation conducted on oil or gas wells with the goal of restoring or enhancing output is referred to as a well intervention. Drill rigs were once used, however with considerable technological improvements, well construction and well head designs have evolved, causing well intervention to evolve as well as grow in demand. Rising energy demand, combined with increased efforts to identify new oilfield reserves, has had a significant impact on the growth of the worldwide well intervention industry.

Well Cementing Market Forecast- The demand for fresh ground water, oil, and gas from respective deposits is driving the global market for well cementing. Increased production and exploration of unconventional reserves, increased production from offshore reserves, and an increase in the number of matured wells are all major factors driving growth in the well cementing market throughout the forecast period. Because of technological improvements, it is now possible to provide well cementing services for both offshore and onshore oil and gas reserves.

Crawler Drill Rig Market Research - Rise of the construction, mining, and oil and gas industries has resulted in demand for crawler drill rigs to skyrocket. Because it is appropriate for applications in rough terrain and muddy circumstances, the crawler excavator is in high demand. Furthermore, the construction and mining sectors, both of which are increasing rapidly, are projected to fuel the crawler drill rig market. Furthermore, the rise of major economies throughout the world is spurring infrastructure investment, which is expected to enhance the crawler drill rig market's growth.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, industrial goods to even the most niche categories. 80% of Fortune 1000's trust us in critical decision making.

MarketNgage is powered by Fact.MR – our Unified Intelligence Engine, a revolutionary Market Research Subscription platform with a flexible pricing to suit your needs.

You can access all our healthcare research reports by signing up with MarketNgage's Market Research Subscription with FREE credits. MarketNgage is powered by Fact.MR – A Fully integrated research solution for seamless single-window access Widest coverage on emerging markets, nascent products, and disruptive technologies.

Contact:

Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg

Modal title

Also from this source

Bisabolene Market is Forecasted to Reach US$ 4.6 Million by 2034, Expanding at a CAGR of 3.9% | Fact.MR Report

According to a new research report published by Fact.MR, the global Bisabolene Market was valued at US$ 3 million in 2023 and has been forecasted to...

Hyaluronic Acid Raw Material Market is projected to grow at a CAGR of 5.2%, Reaching a value of $11.7 billion by 2034 | Fact.MR Report

The global Hyaluronic Acid Raw Material Market has been valued at US$ 7.05 billion in 2024, as stated in the recently updated industry analysis by...

More Releases From This Source

Explore

Oil & Energy

Oil & Energy

Utilities

Utilities

Gas

Gas

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.