DUBLIN, October 18, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Well Cementing Services Market Analysis By Service (Primary Well Cementing, Remedial Well Cementing), By Application (Onshore, Offshore) And Segment Forecast To 2024" report to their offering.
The global well cementing services market is forecast to reach a value of USD 11.08 billion by 2024.
Primary cementing was the leading service segment and accounted for over 75% of total market revenue in 2015. It is estimated to remain the largest segment over the next eight years owing to rising E&P to exploit unconventional hydrocarbon reserves.Remedial cementing is anticipated to emerge as the fastest growing well cementing service market over the forecast period owing to increasing rehabilitation of oil & gas wells in both onshore and offshore activities.
Onshore application dominated the global well cementing service demand and accounted for over 80% of total revenue in 2015. The rising onshore well operations, particularly in the U.S., Saudi Arabia, Russia, and China,may be attributed to the high growth in this particular segment.
North America emerged as the leading well cementing services consumer and accounted for 41.4% of the total revenue in 2015 owing to huge oil & natural gas production coupled with oilfield development especially in shale &tight oil reserves in the U.S. and Canada.
Asia Pacific well cementing services marketis anticipated to grow at a CAGR of 7.0% from 2016 to 2024.The high growth may be attributed to favorable government policies such as FDI and tax redemption in countries such as India, which is anticipated to promote E&P in the region.
- Baker Hughes Inc.
- Halliburton, Inc.
- Weatherford International Inc.
- Schlumberger Limited
- Trican Well Service Ltd.
- Calfrac Well Services Ltd.
- Nabors Industries Ltd.
- Condor Energy Services Ltd.
- Sanjel Corporation
- Gulf Energy LLC
- China Oilfield Services Ltd.
- Viking Services
- Magnum Cementing Services Ltd.
- Consolidated Oil Well Services
- Nine Energy Service, Inc.
1 Methodology & Scope
2 Executive Summary
3 Well Cementing Services Industry Outlook
4 Well Cementing Service Outlook
5 Well Cementing Services Application Outlook
6 Well Cementing Services Region Outlook
7 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/6l67pr/well_cementing
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SOURCE Research and Markets