Global Casing Heads Market Overview:
Casing head is used in drilling process and is a very important equipment to connect the casing pipe, BOP and oil (gas) production wellhead, and also to hang casing pipes except for surface casing. On the top of the conductor pipe casing head are often welded or screwed and the casing then become a part of the wellhead system of the oil well and can control the wellhead pressure. There are of casing heads according to its hanged casing types: screw casing head and slip casing head that can be distinguished by its hanged casing layers: single casing head, dual casing head and triplex casing head.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emphasizing On the Digitalization for the Offshore Oil & Gas Projects and Technological Advancement for Well Drilling Process
Market Growth Drivers:
Increasing Demand from Oil and Gas Industry and Increasing Number of New Offshore Well Drilling Projects
Challenges:
Lack of Technical Professionals
Restraints:
Stringent Government Regulations Regarding Well Casing & Cementing and High Cost Associated With Well Casing & Cementing
Opportunities:
New Oilfields Findings in the Offshore Regions and Increasing Demand from the Developing Countries
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are The Weir Group PLC (United Kingdom), American Jereh International Corporation (United States), CCSC Petroleum Equipment LTD CO. (China), Sunry Oilwell Equipment Co. Ltd. (China), TechnipFMC (United Kingdom), JMP Petroleum Technologies (United States), Integrated Equipment (United States), Wellhead Systems Incorporated (WSI) (United States), TIGER VALVE COMPANY (United States) and Horizon Wellhead (United States). Additionally, following companies can also be profiled that are part of our coverage like Worldwide Oilfield Machine (WOM) (United States), Larkin Products (United States) and IAL ENGINEERING SERVICES (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Casing Heads market by 2028.
Latest Market Insights:
Motion Metrics, a renowned global mining technology company with headquarters in Canada, has agreed to be acquired by The Weir Group. Motion Metrics is the industry leader in creating cutting-edge artificial intelligence (AI) and 3D robust machine vision technology utilised in mines all over the world.
The largest well testing apparatus, the Slug Catcher, was created by Sunry and be deployed at the oilfield site HBR blocks in Algeria, which is located 129 kilometres to the east of Hassi Messaoud base.
What Can be Explored with the Casing Heads Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Casing Heads Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Casing Heads
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Casing Heads market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Casing Heads market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Casing Head, Suppliers of Casing Head, Wholesalers, Distributors and Retailers of Casing Head, Service Integrators, Oilfield Operators and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.