What is Well Casing Market?
The casing offer provision to the wall of well so that loose rock fragments or unconsolidated sand and grit through which the well has infiltrated do not ruin into the well shaft. The casing defends the electrical wires, pull cable and water tubing or piping that are connected to the submersible pump. Also, it offers a vertical-cylindrical surface that in conjunction with the outer vertical wall of the drilled hole can enable the placement of an impermeable grout seal around the well casing. The grout seal in the annular space outside of the casing prevents surface water and potential contaminants such as bacteria, fertilizers, pesticides, etc. from descending along the outside wall of the well down to the zones of stored groundwater.
The market study is being classified by Type (Cementation Equipment and Casing Equipment), by Application (Offshore and Onshore) and major geographies with country level break-up.
Halliburton (United States), Schlumberger (United States), BHGE (United States), Weatherford (United States), NOV (United States), Tenaris (Luxembourg), Vallourec (France), TMK Group (Russia), Trican (Canada) and Nabors Industries (Bermuda) are some of the key players profiled in the study.
Leading key players of well casing are focusing on strategic partnerships and new product & service Launches to improve their products and services along with focusing on increasing their client base to strengthen market position. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Well Casing market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Well Casing market by Type, Application and Region.
On the basis of geography, the market of Well Casing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The Increasing Demand from Oil and Gas Industry
- Increasing Number of New Offshore Well Casing Projects
Market Trend
- Technological Advancement for Well Casing Process
Restraints
- Stringent Government Regulations Regarding Well Casing
Opportunities
- Increasing Demand from the Developing Countries
Challenges
- Lack of Technical Professionals
Key Target Audience
Providers of Well Casing, Manufacturers of Casing Equipment, Suppliers of Casing Equipment, Wholesalers, Distributors, and Retailers of Casing Equipment, Oil & Gas Industry, Governmental Bodies and Research Organizations