DUBLIN, April 15, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/w5j683/strategic) has announced the addition of the "Strategic Analysis of the North American Oil and Gas NDT Inspection Services Market" report to their offering.
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With global oil prices declining, oil and gas NDT inspection service providers have faced questions regarding their growth strategies going forward. This research service answers these questions and provides an overview of the North American oil and gas NDT inspection services market. It discusses various possibilities of future oil prices and their effect on the market. The study provides revenue forecasts for the period 2015-2019, and a market breakup by vertical, into upstream, midstream, and downstream oil and gas.
The North American oil and gas nondestructive testing (NDT) inspection services market is expected to come under pressure due to crude oil prices in the short term, but the prospects are positive for the medium-to-long term. Among the different segments, downstream NDT inspection services is expected to grow the fastest, and provide growth opportunities.
The impact of low crude oil prices is expected to be greater on the Canadian market than on the US market, as the break-even point for oil sands production is higher than for shale oil.
From a regional perspective, the Bakken Shale region in North Dakota and the Permian basin spread across Texas are the highest-growth markets. In Canada, Alberta is the king of the NDT inspection services market but British Columbia is expected to be a growth destination.
The largest participants in the North American oil and gas NDT inspection services market are Acuren, MISTRAS Group Inc., Team Inc., and Applus RTD.
Over the next - years, there are good growth opportunities in this market, but participants need to balance their revenue streams between capital-expenditure-driven and operational- expenditure-driven revenue.
Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Drivers and Restraints - Total Oil and Gas NDT Inspection Services Market
4. Forecasts and Trends - Total Oil and Gas NDT Inspection Services Market
5. US Oil and Gas NDT Inspection Services Market
6. Forecast and Trends- The US NDT Inspection Services Market
7. Market Share and Competitive Analysis - The United States
8. Canadian Oil and Gas NDT Inspection Services Market
9. Forecast and Trends - Canadian Oil and Gas NDT Inspection Services Market
10. Market Share and Competitive Analysis - Canada
11. The Last Word
- Applus RTD
- MISTRAS Group Inc.
- Team Inc.
For more information visit http://www.researchandmarkets.com/research/w5j683/strategic
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SOURCE Research and Markets