Zonal Isolation Market Scope
Growing Production and Exploration of Gas and Oil in Offshore will help to boost the global zonal isolation market. Zonal isolation prevents fluids such as water or gas in one zone from mixing with oil in another zone. It is designed for Inhibit contamination of any aquifers, and avoid communication between any different permeable zones. There is two technology used for zonal isolation including mechanical zonal isolation and chemical zonal isolation.
According to AMA, the Global Zonal Isolation market is expected to see growth rate of 6.6%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Zonal Isolation market throughout the predicted period.
Schlumberger Limited (United States), Superior Energy Services, Inc. (United States), Weatherford International (United States), Baker Hughes, Inc. (United States), Halliburton Company (United States), Nabors Industries Ltd. (United Kingdom), Trican Well Service Ltd. (Canada), Expro International Group Holdings Ltd. (United Kingdom), Aker Solutions ASA (Norway) and Tendeka (Scotland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are TAM International (United States) and FMC Technologies (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Zonal Isolation market by Type (Mechanical Zonal Isolation [Sliding Sleeves, Packers, Perforated/Slotted Liners, Plugs] and Chemical Zonal Isolation [Polymer Gels, Monomer Systems, Bio-Polymers, Elastomers, Others]), by Application (Onshore Zonal Isolation and Offshore Zonal Isolation[Shallow, Deep, Ultra-Deep]) and Region with country level break-up.
On the basis of geography, the market of Zonal Isolation 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).
Market Leaders and their expansionary development strategies
On 24th September 2018, Schlumberger has launched the CemFIT Shield mud-sealing cement system at the Society of Petroleum Engineers Annual Technical Conference and Exhibition (SPE ATCE). CemFIT Shield technology provides the industry’s first zonal isolation technology exactly designed to expand isolation between hydraulic fracturing stages in long horizontal wells.
Market Trend
- The Rising Shale Gas Exploration
- Enlargement in the Number of Drilling Rigs Due To Rising Demand for Crude Oil
Market Drivers
- Upsurge in the Drilling Activities
- Growing Awareness Regarding the Benefits of Implementing Zonal Isolation Methods
Opportunities
- Expansion of Innovative and Advanced Zonal Isolation Techniques
- Huge Demand of Zonal Isolation in Emerging Countries
Restraints
- High Volatility in Cost of Using Chemical Zonal Isolation Technology
Challenges
- Stringent Government Rules and Regulations
Key Target Audience
Service Provides, Oil and Gas Industry, Government Regulatory Bodies, Private Research Organization, Government research Organization and Others