Swellable Packers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Swellable Packers Market: Overview
The swellable packers market is benefitting from need of advanced polymers required for downhole sealing applications in oil and gas drilling. The limitations of conventional sealants such as natural rubber have necessitated alternative packers for such applications. These packers contain elastomers that expand on contact with certain wellbore fluids. During swelling, these packers provide reliable sealing against sand, gas, and water migration. In addition, these packers can bear higher internal stress during diffusion of oil in oil-swellable elastomer.
In terms of operations, swellable packers display simplicity. Swelling packers do not involve moving parts, for pipe manipulation or for applied hydraulic pressure. The packers simply run to depths similar to casing, and are allowed to swell before commencement of production or injection operations.
Lastly, swelling packers are free of service personnel.
The report on global swellable packers market aims at narrating the key trends and identifying future opportunities. It provides the most insightful information regarding growth opportunities and growth obstacles. In-depth analysis of competitive outlook of swellable packers market is a key feature of this report.
Global Swellable Packers Market: Notable Developments
A first of its kind system in the category, the system recently touched a whopping 300 installations in the North Sea.
The development is first of its kind TAML Level 5 junction to allow upper completion components to run through the junction. As such, the development is indicative of a step change for advanced completion solutions in the future.
The newly developed FlexRite MIC system allows a multilateral well to possess sand screens, swellable packers, inflow control devices, and interval control valves. Displaying these features, FlexRite MIC system.
Key companies operating in the global swellable packers market include Halliburton, TAM International Inc., The Weir Group plc, Schlumberger Limited, Tendeka, and Weatherford.
Global Swellable Packers Market: Key Trends
The global swellable packers market is poised to witness a healthy growth during the 2018-2026 forecast period. This is mainly because of efficacy of swellable packers as annular barrier during multistage fracture treatment of oil and gas reservoirs. In addition, swelling packers have served to be effective in conjunction with sliding sleeves and plug and perf operations during multistage fracture treatment.
Swellable packers have physical and functional advantages too. Swellable packers combine the advantages of inflatable and mechanical packers sans the complications of traditional technologies. These elastomers serve to reduce water production to the maximum extent, and increase oil and gas production proportionally.
Technological advancements in swellable packers also serves to provide a boost to the swellable packers market. For example, water-swellable elastomer designed and installed in heavy oil wells. These wells use steam to heat up the reservoir and causes oil to flow. The operational limit of these wells is up to the temperature of 575°F (302°C). Such high temperature endurance make water-swellable elastomers suitable for multi-stage fracture treatments during horizontal drilling.
The study presents reliable qualitative and quantitative insights into:
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The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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