Global Dissolvable Frac Plugs Market Insights, Forecast to 2028
Summary
Market Analysis and Insights: Global Dissolvable Frac Plugs Market
Due to the COVID-19 pandemic, the global Dissolvable Frac Plugs market size is estimated to be worth US$ 298.13 million in 2022 and is forecast to a readjusted size of US$ 513.01 million by 2028 with a CAGR of 9.47% during the review period. Fully considering the economic change by this health crisis, Small Caliber accounting for 88.66% of the Dissolvable Frac Plugs global market in 2021, is projected to value US$ 452.83 million by 2028, growing at a revised 9.40% CAGR in the post-COVID-19 period. While Horizontal Well segment is altered to a 9.69% CAGR throughout this forecast period.
China Dissolvable Frac Plugs market size is valued at US$ 24.56 million in 2021, while the US and Europe Dissolvable Frac Plugs are US$ 170.78 million and US$ 30.67 million, severally. The proportion of the US is 62.78% in 2021, while China and Europe are 9.03% and 11.27% respectively, and it is predicted that China proportion will reach 62.58% in 2028, trailing a CAGR of 9.46% through the analysis period.
The global key manufacturers of Dissolvable Frac Plugs include Schlumberger, Halliburton, Pyramid Oil Tools LLC, Innovex Inc., CNPC, Sinopec, NOV, Nine Energy Service, and Peak Completion Technologies, etc. In 2021, the global top five players have a share approximately 55.39% in terms of revenue.
In terms of production side, this report researches the Dissolvable Frac Plugs production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Dissolvable Frac Plugs by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Dissolvable Frac Plugs Scope and Segment
Dissolvable Frac Plugs market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Dissolvable Frac Plugs market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type, and by Application for the period 2017-2028.
By Company
Schlumberger
Halliburton
Nine Energy Service
Pyramid Oil Tools
Innovex Inc.
NOV Inc.
CNPC
Sinopec
KLX Energy Services
Expro
Peak Completion Technologies, Inc.
Segment by Type
Small Caliber
Large Caliber
Segment by Application
Horizontal Well
Vertical Well
Production by Region
North America
China
Others
Sales by Region
North America
U.S.
Canada
Mexico
Asia-Pacific
China
India
Southeast Asia
Others
Europe
Russia
UK
Norway
Others
Latin America
Brazil
Argentina
Others
Middle East & Africa
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