Frac Plugs is a device used to isolate zones in wells during plug-and-perf operations.
The Frac Plugs mainly includes composite plugs, dissolvable plugs and cast iron plugs. The composite plugs occupies the biggest part of the production. The main production base is located in United States, accounting for about 78% market share in 2017.
The technology of the Frac Plugs is relatively mature. The leading players are Schlumberger, Halliburton, BHGE, Downhole Technology which accounting for about 44% market share in term of revenue in 2017.
According to this study, over the next five years the Frac Plugs market will register a 4.3% CAGR in terms of revenue, the global market size will reach US$ 390 million by 2024, from US$ 320 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Frac Plugs business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Frac Plugs market by product type, application, key manufacturers and key regions and countries.
This study considers the Frac Plugs value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Composite Plugs
Dissolvable Plugs
Cast Iron Plugs
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Vertical Wells
Horizontal Wells
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Schlumberger
Halliburton
BHGE
Downhole Technology
Innovex
Forum Energy Technologies
NOV
Magnum Oil Tools
Weatherford
Rubicon Oilfield International
Sinopec
CNPC
Peak Completion
SPT Energy
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Frac Plugs consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Frac Plugs market by identifying its various subsegments.
Focuses on the key global Frac Plugs manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Frac Plugs with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Frac Plugs submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Frac Plugs . Industry analysis & Market Report on Frac Plugs is a syndicated market report, published as Global Frac Plugs Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Frac Plugs market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.