DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Well Conductor Installation Services Market by Application and Geography - Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Global Oil and Gas Well Conductor Installation Services Market: About this market
The oil and gas well conductor installation services market analysis considers sales from both the offshore and onshore application. Our analysis also considers the sales of oil and gas well conductor installation services in APAC, Europe, North America, South America, and MEA. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing investments in onshore E&P projects will play a significant role in the onshore segment to maintain its market position. Also, our global oil and gas well conductor installation services market report looks at factors such as the increasing upstream investment, rise in global demand for oil and gas, and increasing active rig count. However, volatility in oil and gas prices, growing emphasis on renewables, and environmental concerns related to drilling may hamper the growth of the oil and gas well conductor installation services industry over the forecast period.
Global Oil and Gas Well Conductor Installation Services Market: Overview
Increasing upstream investment
Oil and gas operators are investing in mature oilfields to maximize their revenue and address the decline in the production of many oilfields. Moreover, the growing population coupled with increasing industrial developments have significantly increased the global energy demand. Thus, untapped oil and gas resources are being explored using technological advancements to meet the global energy demand. As a result, governments of various countries are undertaking several initiatives to increase oil and gas production and achieve energy security. Upstream oil and gas companies are adopting various E&P technologies to tap unconventional reserves, such as shale oil and gas and oil sands. The increasing investments in upstream oil and gas will propel E&P activities, which will drive the demand for oil and gas well conductor installation. These factors will lead to the expansion of the global oil and gas well conductor installation services market at a CAGR of almost 7% during the forecast period.
Developments in conductor installation
Conductor installation is a crucial step in the drilling activity of oil and gas as it offers stability to the well during its production and construction life. It provides stability to the well during its construction and production life. With the rising number of offshore projects, the need to reduce rig time is essential to balance the demand and supply of offshore rigs. Thus, vendors have introduced some technologically advanced products in the market. For instance, NeoDrill AS has launched its Conductor Anchor Node (CAN) technology that requires less rig time to install oil and gas well conductor pipe on the seabed. Such technological advances will have a positive impact on the overall market growth.
Also, the oil and gas well conductor installation services market analysis report includes information on upcoming trends and challenges that will influence the market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Market segmentation by distribution channel
- Comparison by distribution channel
- Offline - Market size and forecast 2018-2023
- Online - Market size and forecast 2018-2023
- Market opportunity by distribution channel
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Technological advances
- Growing preference for DIY oil control lotions
- Increasing demand for grooming cosmetics for men
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Arbonne International LLC
- Beiersdorf AG
- e.l.f. Beauty Inc.
- Johnson & Johnson Services Inc.
- KOS Corp.
- L'Oral SA
- Shiseido Co. Ltd.
- The Este Lauder Companies Inc.
- The Hain Celestial Group Inc.
- Unilever Group
- Acteon Group Ltd.
- AOS Orwell Ltd.
- Baker Hughes
- GE Co. LLC
- China Oilfield Services Ltd.
- Frank's International NV
- Koninklijke Wagenborg BV
- Overseas Petroleum Engineering Service Co.
- Pinnergy Ltd.
- Sanguine Oilfield Services LLP
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