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Packer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020

Packer Industry: Forecasts to 2020

  • January 2015
  • 81 pages
  • ID: 2678629
In this report:
Market drivers, restraints and opportunities for the packer market are developed after a thorough study of historical and current trends in the oil and gas industry.
The report on the global packer market includes market drivers, market restraints, and market opportunities and their impact on the revenue growth of the market during the forecast period.

Summary

Table of Contents

Casing and tubing are crucial parts of the well construction process. A casing is a pipe inserted into a drilled section of a borehole to ensure stability and support the sides of the well from caving in. Casing also prevents water contamination and controls well pressure during the drilling process. Production tubing on the other hand, is a pipe that offers a passage through which production fluids (mixture of oil gas and water) can pass. Packer is a type of sealing device or flexible tool used to isolate and contain production fluids and pressure within the wellbore. It is made of an elastomeric material and placed just above the producing zone. The packer protects the casing and other crucial formations above and below the producing zone. It is designed to expand and grip the wall of the casing and form a seal between the inside of the casing and the outside of the tubing.

There are two categories of packers, namely permanent packers and retrievable packers. A permanent packer can only be removed from a wellbore through milling. This type is fairly simple in nature and offers superior performance than retrievable packers in operating conditions with extreme temperature and pressure. As the name suggests, a retrievable packer can be removed after the drilling operation, when the tubing is extracted from the wellbore. Complexity of retrievable packers depends on its application (it can be highly complex for a high pressure and high temperature application or fairy simple for a low pressure and low temperature application). Retrievable packers generally cost more than permanent packers due to the complexity of their design.

The business research study examines the market size of packers in terms of income. The overall packer sector has been broken down by product and area. Market data has been provided on the regional level, divided as North America, EU, Asia Pacific (APAC), and Rest of the globe from 2012 to 2020. Rest of the World segment includes Europe (EU), South America region, the Middle East (ME) and African continent. The study features a exhaustive regional segmentation together with growth forecast for the time span from 2014 to 2020. Projections have been included for revenue growth of the permanent and retrievable segments for the geographies considered under the purview of this report.

The analysis on the overall packer market includes market drivers, market restraints, and market opportunities and their effect on the revenue growth of the segment during the outlook period. Market drivers, market restraints and alternatives for the packer market are developed after a thorough study of historical and current trends in the oil and gas industry. A exhaustive ambitious landscape containing the company market share analysis and Analysis of market appeal has been given in this report. The market research also comprises An in-depth study of different factors influencing the overall packer market with the help of Porter's Five Forces analysis. The analysis helps us to comprehend the bargaining power of buyers, bargaining power of suppliers, threat from new sector entrants, threat from substitutes, and degree of competition in the overall packer market. The report also includes the value chain of the overall packer market, which comprises main raw material and component providers, manufacturers, distributors and end users of packers. Furthermore, the market research comprises Analysis of market appeal, wherein product class and geographies are benchmarked based on the market value, industry growth and general interest.

Key participants in the overall packer market contain Schlumberger Limited, Weatherford International Limited, Baker Hughes Incorporated, Halliburton Company, TIW Corporation, Team Oil Tools Inc., Map Oil Tools, Incorporated, Tryton Tool Services and Logan Completion System. This industry report offers the firms' overview, financial revenues, strategic management and recent evolutions.

The overall packer segment is split as follows:

Overall Packer Market: Product Segment

Permanent

Retrievable

Overall Packer Market: Regional Analysis

North America (NA)

Europe (EU)

Asia-Pac

Rest of the globe

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