Casing
and tubing are crucial parts of the well construction process. A
casing is a pipe inserted into a drilled section of a borehole to
ensure stability and support the sides of the well from caving in.
Casing also prevents water contamination and controls well pressure
during the drilling process. Production tubing on the other hand, is
a pipe that provides a passage through which production fluids
(mixture of oil gas and water) can pass. Packer is a type of sealing
device or flexible tool used to isolate and contain production fluids
and pressure within the wellbore. It is made of an elastomeric
material and placed just above the producing zone. The packer
protects the casing and other important formations above and below
the producing zone. It is designed to expand and grip the wall of the
casing and form a seal between the inside of the casing and the
outside of the tubing.
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Packer Market Report with Full TOC at
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There
are two categories of packers, namely permanent packers and
retrievable packers. A permanent packer can only be removed from a
wellbore through milling. This type is fairly simple in nature and
offers better performance than retrievable packers in operating
conditions with extreme temperature and pressure. As the name
suggests, a retrievable packer can be removed after the drilling
operation, when the tubing is extracted from the wellbore. Complexity
of retrievable packers depends on its application (it can be highly
complex for a high pressure and high temperature application or fairy
simple for a low pressure and low temperature application).
Retrievable packers generally cost more than permanent packers due to
the complexity of their design.
The
research study analyzes the market size of packers in terms of
revenue (USD Million). The global packer market has been segmented on
the basis of product and geography. Market data has been provided on
the regional level, segmented as North America, Europe, Asia Pacific,
and Rest of the World (RoW) from 2012 to 2020. Rest of the World
segment includes Europe, South America, the Middle East and Africa.
The report features a detailed regional segmentation along with
growth forecast for the period from 2014 to 2020. Projections have
been included for revenue growth of the permanent and retrievable
segments for the geographies considered under the purview of this
report.
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The
report on the global packer market includes market drivers, market
restraints, and market opportunities and their impact on the revenue
growth of the market during the forecast period. Market drivers,
restraints and opportunities for the packer market are developed
after a thorough study of historical and current trends in the oil
and gas industry. A comprehensive competitive landscape including the
company market share analysis and market attractiveness analysis has
been provided in this report. The report also includes a detailed
analysis of various factors influencing the global packer market with
the help of Porter’s Five Forces analysis. The analysis helps us to
understand the bargaining power of buyers, bargaining power of
suppliers, threat from new entrants, threat from substitutes, and
degree of competition in the global packer market. The study also
covers the value chain of the global packer market, which includes
key raw material and component providers, manufacturers, distributors
and end users of packers. Moreover, the study comprises market
attractiveness analysis, wherein product type and geographies are
benchmarked based on the market size, market growth and general
attractiveness.
Key
participants in the global packer market include Schlumberger
Limited, Weatherford International Limited, Baker Hughes
Incorporated, Halliburton Company, TIW Corporation, Team Oil Tools
Inc., Map Oil Tools, Inc., Tryton Tool Services and Logan Completion
System. This report provides the companies’ overview, financial
revenues (on availability), business strategies and recent
developments.
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Press Release Of Packer Market
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The
global packer market is segmented as follows:
Global
Packer Market: Product Segment
- Permanent
- Retrievable
Global
Packer Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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research techniques in developing distinctive data sets and research
material for business reports.
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