A report on Well Head Equipment Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2022- 2031. The report on Well Head Equipment Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users.
Wellhead equipment market is likely to witness substantial growth over the forecasted period owing to increasing number of rig counts, well completion and drilling activities. Rising crude oil prices coupled with increasing crude oil production is anticipated to augment the wellhead equipment market growth. In addition, increasing deep drilling and ultra-deep drilling activities for oil and gas will drive the market over the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Well Head Equipment Market products.
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The Final Report will cover the impact analysis of COVID-19 on this industry:
According to Azoth Analytics research report, “Global Well Head Equipment Market – By Equipment (Master Valve, Hanger, Flanges, Others), By Application (Offshore, Onshore), By Market Type (OEM, Aftermarket), By Region, By Country: Opportunities and Forecast (2018-2023)”, global market is projected to display a growth represented by a CAGR of over 4.55% during 2018 – 2023, primarily driven by shale oil production and deep drilling exploration in North America. North America region is the biggest market in the current period and expected to lead in forecast period. In the forecast period, APAC region will witness strong growth backed by rising production and exploration activities in emerging countries such as China, India and Indonesia. Market for Wellhead equipment in APAC is driven by rise in production and development of crude oil wells on the back of increasing investment in Upstream and Exploration segment.
The report titled “Global Well Head Equipment Market – By Equipment (Master Valve, Hanger, Flanges, Others), By Application (Offshore, Onshore), By Market Type (OEM, Aftermarket), By Region, By Country: Opportunities and Forecast (2018-2023)” has covered and analysed the potential of Global Wellhead equipment Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Wellhead equipment Market. Additionally, the report also highlights market entry strategies for various companies across the globe.
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Global Wellhead Equipment Market, By Value (Actual Period: 2017, Forecast Period: 2018-2023)
• Global Wellhead Equipment Market
• Analysis By Equipment – Master Valve, Hanger, Flanges, Choke, Others
• Analysis By Application – Offshore, Onshore
• Analysis By Market Type – O.E.M, Aftermarket
Regional Markets – North America, Europe, Asia Pacific, LAMEA (Actual Period: 2016, Forecast Period: 2018-2023)
• Wellhead Equipment Market
• Analysis By Equipment – Master Valve, Hanger, Flanges, Choke, Others
• Analysis By Application – Offshore, Onshore
• Analysis By Market Type – O.E.M, Aftermarket
Country Analysis – USA, Canada, Norway, United Kingdom, Rest of Europe, China, India, Indonesia, Rest of Asia, Mexico, Saudi Arabia, Oman, Rest of LAMEA (Actual Period: 2017, Forecast Period: 2018-2023)
• Wellhead Equipment Market
• Analysis By Equipment – Master Valve, Hanger, Flanges, Choke, Others
• Analysis By Application – Offshore, Onshore
• Analysis By Market Type – O.E.M, Aftermarket
Other Report Highlights
• Market Dynamics – Drivers and Challenges
• Market Trends
• Porter Five Force Analysis
• SWOT Analysis
• Price & Cost Analysis
• Company Analysis – GE Baker Hughes Inc., Weir Group Plc. , National Oil well Varco Inc., Aker Solutions, Schlumberger, Oil States International Inc., Forum Energy Technologies, FMC Technologies
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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