Zonal Isolation Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast to 2024
Category: #tech  By Partha Ray  Date: 2019-09-09
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Zonal Isolation Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast to 2024

The Zonal Isolation market research added by Market Study Report, LLC, presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of this industry. The study explicitly illustrates the competitive standing of key players over the projected timeline while incorporating their individual portfolios & geographical expansion.

Zonal Isolation Market is anticipated to exceed USD 33 billion by 2024. Increasing offshore drilling activities along with enhanced government focus toward the redevelopment of mature O&G fields will drive the zonal isolation market growth. In addition, growing emphasis on the exploration and production activities coupled with the development of advanced technologies to increase the production of oil & gas wells will further stimulate the industry outlook.

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Favorable government measures to address the rising energy demand coupled with huge potential of the untapped reserves will boost the U.S. zonal isolation market. Furthermore, sanctions to increase the number of wells drilled throughout the region will complement the business outlook. In 2018, the oil production from new wells in Anadarko, grew by five barrels every day for each rig from January to February.

 

Offshore zonal isolation market will witness growth on account of growing inclination toward deep and ultra-deep-water drilling activities. Growing production from Manifa, Qatif and Safaniya oil fields and the expansion of deep-water projects has been largely contributing toward the overall production in Saudi Arabia. In addition, enhanced government initiatives to meet the growing energy demand is increasing the exploration of offshore reserves, thereby stimulating the industry landscape.

 

Zonal isolation market, by mechanical method, will grow due to the suitability of the technologies across deep-water reserves. Ongoing advancement of these technologies to achieve increased productivity and to utilize the existing reserves in an efficient & cost-effective way will positively impact the technology growth.

 

Considerable capital investments by industry giants toward the redevelopment of mature wells on account of increased focus for the optimization of wells will stimulate the zonal isolation market. In addition, continuous developments in the prevailing zonal isolation methods to check the drilling loss will propel the industry dynamics.

 

Zonal isolation market in Africa is expected to grow over 9% by 2024. Potential O&G reserves across the region are driving investments from exploration companies, thereby stimulating the industry outlook. Furthermore, growing focus toward the redevelopment of aging fields coupled with government efforts to meet the future supply of oil & gas will propel the industry landscape. For instance, Ministry of Mineral Resource & Petroleum has partnered with Africa Oil & Power platform to substantially upsurge the investment activities toward Angolan oil fields.

 

Chemical zonal isolation market will witness considerable growth on account of continuous R&D activities to address the increasing drilling challenges. In addition, the ability to offer effectual isolation in horizontal wells along with high applicability & suitability across harsh drilling environments including high temperature & pressure conditions will propel the business landscape.

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Key industry players operating in the zonal isolation market comprises Halliburton, Hunting PLC, Archer Limited, Weatherford International, Helix Energy Solutions, General Electric, Oceaneering International Ltd., Superior Energy Services and Saltel Industries amongst others.

 

Some of the TOC of Zonal Isolation Market report includes:

Chapter 1. Methodology

1.1. Methodology

1.2. Market definition

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.2. Primary
 

Chapter 2. Executive Summary

2.1. Zonal Isolation industry 360 degree synopsis, 2014 - 2025 (USD Million)

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Mobility trends

2.1.4. Technology trends

2.1.5. Mode trends

2.1.6. End-use trends

2.1.7. Regional trends


Chapter 3. Zonal Isolation Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025 (USD Million)

3.3. Industry impact factors

3.3.1. Growth drivers

 3.4. Growth potential analysis

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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