Global Inflow Control Devices Market to Reach $685.3 Million by 2030
The global market for Inflow Control Devices estimated at US$474.8 Million in the year 2023, is expected to reach US$685.3 Million by 2030, growing at a CAGR of 5.4% over the period 2023-2030. Onshore Application, one of the segments analyzed in the report, is expected to record 5.6% CAGR and reach US$388.7 Million by the end of the analysis period. Growth in the Offshore Application segment is estimated at 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $124.9 Million, While China is Forecast to Grow at 8.2% CAGR
The Inflow Control Devices market in the U.S. is estimated at US$124.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$153.5 Million by the year 2030 trailing a CAGR of 8.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
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