Oilfield Degassers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Oilfield Degassers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : February, 2020 | Energy & Mining | PPT format

Report Digest


Global Oilfield Degassers Market: Overview

A degasser refers to equipment that is utilized in the taking away of entrained gas in drilling fluid. It is done to minimize or avoid prevention of hydrostatic pressure that happens due to gas cut mud. The global oilfield degassers market is likely to gather considerable momentum over the tenure of assessment owing to rapid rise in the demand for oil and gas across the globe.

With the objective of offering a detailed and deeper insight into the market, segmentations of the global oilfield degassers market have been done on the basis of two parameters, namely application and region.

Global Oilfield Degassers Market: Notable Developments

Change is a constant process for any market and the same goes for the global oilfield degassers market as well. The market has witnessed some development over the last few years. These developments exhibit the changing dynamics of the global oilfield degassers market. One such development is mentioned below:

  • In November 2017, Hebei GN Solids Control Co has given exclusive right of distribution in the UK to GTD group. The former is a China-based leading manufacturer of Solids Control Equipment and Shaker Screens. Following this deal, it is expected that Hebei GN Solids Control Co will be able to expand its geographical reach in years to come.

Some of the key market players of the global oilfield degassers market are

  • CMIC Ocean En-Tech Holding Co. Ltd
  • Hebei GN Solids Control Co. Ltd
  • Yantai Jereh Oilfield Services Group Co. Ltd
  • National Oilwell Varco Inc
  • Fluid Systems, Inc
  • The Weir Group Plc

Global Oilfield Degassers Market: Growth Drivers

Increased Demand for Energy to Propel Oilfield Degassers Market to Prominence

The global oilfield degassers market is prophesized to witness considerable growth over the review period, thanks to the expansion of the oil and gas industry. A large chunk of the demand for degassers comes from the oil and gas industry. Oil and gas companies have made a shift in their focus to ultra deep and deep water drilling from shallow-water drilling. As such, increase in the price of crude oil has resulted in substantial rise in exploration and drilling activities. Oil and gas companies are making considerable amount of investment in ultra-deepwater and deepwater drilling projects. Such augmented interests of the companies are expected to favor growth of the global oilfield degassers market in forthcoming years.

With large-scale industrialization and rapid urbanization, the consumption of oil and gas has increased manifold all over the globe. This has led to substantial rise in the demand for energy across the globe. Such rise in the demand for energy is likely to compel the leading players of oil and gas industry to emphasize on accelerating their exploration and production activities. This is prophesized to drive the growth of the global oilfield degassers market in the forthcoming years. Following such developments, the US government has already made announcements of restarting many oil and gas projects along the coast of the country.

Global Oilfield Degassers Market: Regional Outlook

Asia Pacific, the Middle East and Africa, South America, Europe, and North America comprise the major regions of the global oilfield degassers market.

North America is estimated to come up as one of the prominent regions for the global oilfield degassers market, the production of oil and gas has increased manifold following the shale boom in the North America. The government in the U.S. making strategic approach toward oil and gas production, which is likely to fuel the expansion of oilfield degassers market in the region.

The global oilfield degassers market is segmented as:

Application

  • Onshore
  • Offshore

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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