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Attractive Market Opportunities in the Hydraulic Workover Unit Market

The increase in demand and supply gap worldwide in energy sector has increased the drilling activities around the globe which has finally increased the usage of hydraulic workover unit market. Hydraulic workover unit can be used to install or remove tubular in or out of well which has zero surface pressure, mud or heavy fluid in the wellbore. The volume based market is projected to grow with a CAGR of 6.2% between 2014 and 2019.Increasing deepwater discoveries, commissioning of new oil refineries, increased in the mature fields and the increased in shale gas production in the North America along with China and Australia has increased the demand for hydraulic workover unit in the countries.

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Attractive Market Opportunities in the Hydraulic Workover Unit Market

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  1. Attractive Market Opportunities in the Hydraulic Workover Unit Market To meet the growing demand for energy particularly in developing countries, there is a need for increasing the need for optimal utilization of oil and gas reserves across the globe. With the large number of exploration and production activities taking place across the globe, the market for hydraulic workover unit is growing. The hydraulic workover unit market is estimated to reach $12.2 billion at a CAGR of 6.6% from 2014 to 2019. Hydraulic workover unit can be utilized for the purpose of drilling, completion and workover operations on a well. Along with this, the low space requirement for the hydraulic workover unit makes it suitable for operations in remote locations and on satellite wells. Sample Request: http://www.marketsandmarkets.com/requestsample.asp?id=207073031 The market is segmented and revenues are forecasted on the basis of regions, such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Hydraulic workover unit services market is projected to reach $12.2 billion by 2019 at a CAGR of approximately 6.6% from 2014 to 2019. The key countries are covered and forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of major services, such as Snubbing and Workover services. The leading players of the market such as Halliburton (US), Key Energy Services (US), Nabors Industries Ltd. (US) and Superior Energy Services, Inc. (US) have been profiled to provide the scenario of the competitiveness in the hydraulic workover unit market. Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=207073031 E&P and drilling activities are growing both onshore and offshore, which is encouraging the demand for hydraulic workover unit for oil & gas wells. Increasing deepwater discoveries in Africa and Latin America with the increase in mature oil fields and shale production in the North America has increased the usage of hydraulic workover unit. Leading manufacturers of hydraulic workover unit are focusing on both developed and emerging countries that have the potential for industrial development in the nearby future. In terms of significance, the market has been segmented on the basis of installation type include skid mounted and trailer mounted workover rig markets. The market segments by application include onshore and offshore. The market segments by service include snubbing and workover services. The geographic segmentation includes the market size and share of North America, South America, Asia- Pacific, Europe, Middle East and Africa. Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=207073031 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

  2. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Email: sales@marketsandmarkets.com

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