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Global Oil and Gas Conductor Pipe Market 2019-2023 | Rise in Deepwater and Ultra-deepwater Projects to Augment Growth | Technavio

January 22, 2019

LONDON--(BUSINESS WIRE)--Jan 22, 2019--The global oil and gas conductor pipe market is expected to post a CAGR of nearly 7% during the period 2019-2023, according to the latest market research report by .

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Technavio has released a new market research report on the global oil and gas conductor pipe market for the period 2019-2023. (Graphic: Business Wire)

In 2014, when the average crude oil import cost was USD 96.2 per barrel, the global active rig count was high. In 2016, the decline in the average crude oil import costs to an average of USD 40.4 per barrel has an impact on the total number of global active rigs. This was due to a decrease in active rigs by nearly 55% from 2014 to 2016. As gradually recovered to USD 70.7 per barrel, the average active rig count increased by more than 38%, by 2018.

As per Technavio, the rise in deepwater and ultra-deepwater projects will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time only:

Global oil and gas conductor pipe market: Rise in deepwater and ultra-deepwater projects

Oil and gas production in onshore locations and offshore locations has been successful for decades. Oil and gas companies have shifted their focus to deepwater and ultra-deepwater resources after shallow water drilling.

“Even though offshore deepwater and ultra-deepwater drilling projects are increasing, however, drilling activities at such depths are very challenging. Therefore, the need for rugged equipment for well drilling will have a positive impact on the growth of the market in offshore sites,” says a senior analyst at Technavio.

Global oil and gas conductor pipe market: Segmentation analysis

This market research report segments the global oil and gas conductor pipe market by applications (onshore and offshore) and geographical regions (APAC, EMEA, and the Americas).

The onshore segment held the largest market share in 2018, accounting for over 88% of the market. This application segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2018 with a market share of nearly 51%. This region is expected to dominate the market through 2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190122005679/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY COAL OIL/GAS UTILITIES NUCLEAR

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/22/2019 11:06 AM/DISC: 01/22/2019 11:06 AM

http://www.businesswire.com/news/home/20190122005679/en

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