Cementing services are required to hold well casing in place and prevent any fluid movement from the reservoir to the wellbore. It also provides zonal isolation and provides seals when required. The well-cementing services market is anticipated to grow in the coming years due to the increased initiatives were taken by the government to provide cementing services by imposing regulations and standards for the operators of the well. Let’s have a look at the major well cementing services market trends for 2019 to 2025.
In 2022, the well cementing services market in the world was valued at US$ 8.7 billion. The market will grow at a compound annual growth rate (CAGR) of 4.88% from 2023 to 2028, when it reaches US$ 11.8 billion.
.jpg
"The Global Well Cementing Services Market 2018-2028 (USD Billion)")
Well cementing services market can broadly be segmented on the basis of well type, deployment, technology, application and geography. The publish market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025. Additionally, numerous emerging trends are expected to gain traction in the global well cementing services market over the next few years, positively impacting market growth. These top trends include a growing focus on technology, capacity expansions and new developments, and increasing demand from emerging economies.
Competitive Landscape
Key Market Players are Consolidated Oil Well Services LLC, Nine Energy Service Inc., Gulf Energy SAOC, Magnum Cementing Services Ltd., Calfrac Well Services Ltd., China Oilfield Services Limited, Baker Hughes, a GE company, Schlumberger N.V., Halliburton Company, and Weatherford International plc.
Global Well Cementing Services Market
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | US$ 11.8 billion |
| Growth Rate | CAGR of 4.88 % during 2018-2028 |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Key Market Players are Consolidated Oil Well Services LLC, Nine Energy Service Inc., Gulf Energy SAOC, Magnum Cementing Services Ltd., Calfrac Well Services Ltd., China Oilfield Services Limited, Baker Hughes, a GE company, Schlumberger N.V., Halliburton Company, and Weatherford International plc. |
The study is a source of reliable data on:
- Market segments and sub-segments
- Industry trends and dynamics
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
Frequently Asked Questions (FAQ) :
The top companies that hold the market share in well cementing services market are Consolidated Oil Well Services LLC, Nine Energy Service Inc., Gulf Energy SAOC, Magnum Cementing Services Ltd., Calfrac Well Services Ltd., China Oilfield Services Limited, Baker Hughes, a GE company, Schlumberger N.V., Halliburton Company, and Weatherford International plc & among others.
To get latest version of well cementing services market report can be obtained on demand from the website.
The base year for the report is 2023 in well cementing services market.