Subsea Manifolds Market Expected To Trigger A Revenue Increase To USD 5.08 Billion By 2025:Key Participant Schlumberger, Weatherford International

San Francisco, 20 December 2018,  Subsea Manifolds Market Analysis By Application (Production, Injection), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2018 – 2025

The global subsea manifolds market is expected to be valued at USD 5.08 billion by 2025, according to a new report by Grand View Research, Inc. Increasing deepwater drilling activities and favorable revised offshore regulations have been a major factor driving the market growth. 

Subsea manifolds are utilized to direct fracturing fluids to the wells and to extract the produced fluids from the well into the flow lines. Subsea manifolds are devised to withstand the harsh conditions in deepwater. These systems are customizable as per the type of the soil in the sea bed. The manifolds can be utilized for horizontal or vertical connections with the resource bed in deepwater. They have a highly customizable design and are able to connect to multiple wells at the same time.

Subsea manifolds facilitate the employment of a number of Enhanced Oil Recovery (EOR) strategy. The production manifold is employed for various applications by E&P companies including, isolations, testing, allocation management, and sampling. They are also employed to bring the produced fluids on to the surface via flow lines. Owing to these factors, production segment had the largest market share of 61.1% in 2016, and is anticipated to show a steady growth over the next eight years.

Injection is projected to grow at an estimated CAGR of 5.4% over the forecast period of 2016 to 2025, and thus be the fastest-growing segment in the application category. Injection manifolds can be customized to handle various types of fluids including, water-alternating-gas, gas, water, oil-based fluids, synthetic-based fluids, and foam-based fluids. These manifolds are subjected to immense pressure in deepwater and need to be built to withstand the harsh operating conditions; which thus makes their manufacturing cost high. This factor is anticipated to positively drive the injection segment growth over the forecast period of 2017 to 2025.

Access Full Research Report On Subsea Manifolds Market  Analysis:

www.grandviewresearch.com/industry-analysis/subsea-manifolds-market

Further key findings from the report suggest:

·         The global subsea manifolds demand was valued at USD 3.31 billion in 2016 and is expected to grow at a CAGR of 5.0% from 2017 to 2025

·         Production emerged as the largest application segment in 2016 and is estimated to generate revenue of USD 3.02 billion by 2025

·         Injection is anticipated to be the fastest growing application segment over the next eight years and is estimated to grow at a CAGR of 5.4%

·         Global subsea manifolds demand in production application was valued at USD 2.02 billion in 2016 and is anticipated to witness steady growth over the next eight years

·         The U.S. subsea manifolds market in applications category was valued at USD 0.38 billion in 2016 and is estimated to be valued at USD 0.57 billion by 2025

·         The Asia Pacific region is anticipated to witness high growth at a CAGR of 5.3% by 2025. Increasing financial aid tax benefits and government initiatives to exploit hydrocarbon reserves sustainably in South Korea, China, and India, is expected to drive market penetration in this region over the next few years.

·         Major players in the industry include Schlumberger, Weatherford International, Halliburton, Archer Limited, and Baker Hughes. In order to expand their product portfolio and gain market share, these major players are often indulged in mergers, joint ventures, & acquisitions.

Browse More Reports Of This Category By Grand View Research At:   www.grandviewresearch.com/industry/construction-and-utilities

Grand View Research has segmented the global Subsea Manifolds market on the basis of application, and region:

Subsea Manifolds Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Production

·         Injection

Subsea Manifolds Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    UK

o    Norway

·         Asia Pacific

o    China

o    Indonesia

·         Central & South America

·         Middle East & Africa

Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-subsea-manifolds-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com/

Well Cementing Services Market Expected To Trigger A Revenue Increase To USD 11.08 Billion By 2024:Key Participant Schlumberger Ltd., Baker Hughes Inc.

San Francisco, 17 December 2018, Well Cementing Services Market Analysis By Service (Primary Well Cementing, Remedial Well Cementing), By Application (Onshore, Offshore) And Segment Forecast To 2024

The global well cementing services market is expected to reach USD 11.08 billion by 2024, according to a new report by Grand View Research, Inc. Rising drilling activities to recover unconventional hydrocarbons such as shale and tight gas coupled with rehabilitation activities in existing oil & gas fields is expected to remain a key driving factor for the global market.

A large number of unexplored reserves particularly in Brazil, Russia, and China, coupled with technological advancements in well cementing equipment and services provided by oil service providers is projected to have a positive impact on the market growth in near future.

Stringent environmental regulations coupled with low crude oil prices are expected to hindermarket growth over the next eight years. Low crude oil prices are anticipated to support stronger economic growth, but it may hamper growth among energy producing states.

Primary cementing was the leading service segment and accounted for over 75% of total market revenue in 2015. It is estimated to remain the largest segment over the next eight years owing to rising E&P to exploit unconventional hydrocarbon reserves.Remedial cementing is anticipated to emerge as the fastest growing well cementing service market over the forecast period owing to increasing rehabilitation of oil & gas wells in both onshore and offshore activities.

Access Full Research Report On Well Cementing Services Market  Analysis:
www.grandviewresearch.com/industry-analysis/well-cementing-services-market

Further key findings from the report suggest:

·         Onshore application dominated the global well cementing service demand and accounted for over 80% of total revenue in 2015. The rising onshore well operations, particularly in the U.S., Saudi Arabia, Russia, and China,may be attributed to the high growth in this particular segment.

·         North America emerged as the leading well cementing services consumer and accounted for 41.4% of the total revenue in 2015 owing to huge oil & natural gas production coupled with oilfield development especially in shale &tight oil reserves in the U.S. and Canada.

·         Asia Pacific well cementing services marketis anticipated to grow at a CAGR of 7.0% from 2016 to 2024.The high growth may be attributed to favorable government policies such as FDI and tax redemption in countries such as India, which is anticipated to promote E&P in the region.

·         The global industry is dominated by various integrated players present across the value chain. Key companies operating in the well cementing service market includeSchlumberger Ltd., Baker Hughes Inc., Halliburton, Weatherford & Gulf Energy Llc., and Calfrac Well Services Ltd.

Browse More Reports Of This Category By Grand View Research At:  www.grandviewresearch.com/industry/conventional-energy

Grand View Research has segmented the well cementing services market on the basis of service, application,and region:

Global Well Cementing Service Outlook (Revenue, USD Million, 2014 - 2024)

·         Primary

·         Remedial

·         Others

Global Well Cementing Application Outlook (Revenue, USD Million, 2014 - 2024)

·         Onshore

·         Offshore

Global Well Cementing Regional Outlook (Revenue, USD Million, 2014 - 2024)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Norway

o    UK

o    Russia

·         Asia Pacific

o    China

o    India

o    Indonesia

·         Middle East & Africa

o    Saudi Arabia

o    UAE

o    Nigeria

·         Central & South America

o    Brazil

o    Venezuela

Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-well-cementing-services-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com/

Clear Brine Fluids Market Expected To Trigger A Revenue Increase To 926.7 Million By 2020:Key Participant TETRA Technologies, M-I SWACO

San Francisco, 22 November 2018, In 2013, the global clearbrine fluids market was worth USD 926.7 million. As of May 2013, the count for global rig was noted to be around 3,400. This increase in drilling activities has driven the demand for global rig count which has also contributed to fuel the growth of clear brine fluids market across the globe.

Move towards the growth of alternative energy resources such as CBM, tight gas, and shale gas mainly in China and the U.S. is anticipated to drive the growth of the global market. The Golden Triangle denotes oil & gas reserves of deep water wrapping offshore Brazil, offshore West Africa and the U.S. Gulf of Mexico (USGOM). Moreover, increased investment for deep water investigation mainly in the region is also projected to increase the demand for global clear brine fluids market. Egypt, Gulf of Mexico, the U.S., China, and Russia experienced increased drilling activities on account of rising demand for energy which is likely to drive the market.

Potassium chloride consumption accounted for over 20% of the global market in 2013. This was the largest product segment in the same year and is also anticipated to have the highest growth rate of over 10% from 2014 to 2020. Potassium chloride is most widely used for servicing wells in oil & gas industry. Wide applications range of all the bromides and chloride are expected to drive the global market. These are favored above conventional drilling muds on account of their effectiveness and cost efficiency. Primary applications of potassium chloride and bromide fluids take account of deep water wells, high & deep pressure oil sands and oil wells where general drilling muds are susceptible to block the foundations.

North America accounted for over 60% of the global clear brine fluids market in 2013. Shale gas flourishing in the U.S. is projected to provide the region with an upper hand over the forecast period. Asia Pacific market is anticipated to experience highest growth rate in production capabilities of over 10% from 2014 to 2020. Growing exploration activities in India along with the thriving oil & gas segment is projected to further boost the growth of clear brine fluids market in the region.

The global clear brine fluids market is amalgamated with four companies leading the market with over 50% market share and is characterized by a high threat of new entrants. Major industry participants include TETRA Technologies, M-I SWACO, Israel Chemicals Ltd., Halliburton, Albemarle Corporation and Great Lake Solutions. These companies are taking steps to gain a competitive advantage and to increase their product line.

Access Full Research Report On Clear Brine Fluids Market Analysis:
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Further key findings from the study suggest:

·         Global clear brine fluids market demand was 1,010.2 kilo tons in 2013 and is expected to reach 1,977.5 kilo tons by 2020, growing at a CAGR of 10.1% from 2014 to 2020.

·         North America emerged as the leading regional market for clear brine fluids and accounted for 64.9% of total market volume in 2013. Increasing drilling activities in the U.S. on account of shale gas boom and in Gulf of Mexico remained a key driving factor for the regional market.

·         Asia Pacific is expected to witness the highest growth at 11% over the next six years.  Increasing drilling activities in China on account of presence of large amount of untapped shale gas in place is expected to remain a key driving factor for the regional market. European clear brine fluids market is expected to reach USD 162.3 million by 2020, growing at a CAGR of 12% from 2014 to 2020.

·         Global clear brine fluids market is moderately concentrated with top four companies including M-I SWACO, Halliburton, Israel Chemicals Ltd., TETRA Technologies accounted for over 50% of the total market. Other market participants include Albemarle Corporation, Baker Hughes Inc., Zirax Ltd., The Egyptian Mud Engineering & Chemicals Co., GEO Drilling Fluids Inc., Newpark Resources Inc. and Chemtura Corporation. Clear brine fluids market recently, witnessed number of mergers and acquisitions leading to significant opportunities for market participants.

Browse More Reports Of This Category By Grand View Research At:   www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the clear brine fluids market on the basis of product and region:

Global Clear Brine Fluids Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

·         Potassium Chloride

·         Calcium Chloride

·         Sodium Chloride

·         Potassium Bromide

·         Calcium Bromide

·         Sodium Bromide

·         Others

Global Clear Brine Fluids Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 - 2020)

·         North America

·         Europe

·         Asia Pacific

·         RoW

Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-clear-brine-fluids-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com/