DUBLIN--(BUSINESS WIRE)--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 expected to reach USD 11.08 billion by 2024, according to this new report. Rising drilling activities to recover unconventional hydrocarbons such as shale and tight gas coupled with rehabilitation activities in existing oil & gas fields is expected to remain a key driving factor for the global market.
A large number of unexplored reserves particularly in Brazil, Russia, and China, coupled with technological advancements in well cementing equipment and services provided by oil service providers is projected to have a positive impact on the market growth in near future.
Stringent environmental regulations coupled with low crude oil prices are expected to hindermarket growth over the next eight years. Low crude oil prices are anticipated to support stronger economic growth, but it may hamper growth among energy producing states.
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.
- 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/w5dmx5/well_cementing