![]() ![]() ![]() Report Coverage:Īsia Pacific, Europe, North America, Latin America, Middle East and Africa Ltd., JMP Petroleum Technologies Inc., MSP Drilex Inc., Sunnda Corporation, TSC Group Holdings Limited, Uztel S.A., Weir Group plc and Yantai Jereh Oilfield Services Group Co. The competitive landscape of the industry has also been examined along with the profiles of the key players being Delta US Corporation LLC, Ethos Energy Group Limited (John Wood Group plc), Integrated Equipment, Inc, Jiangsu Sanyi Petroleum Equipment Co. Our report has categorized the market based on type, application and end user. IMARC Group provides an analysis of the key trends in each sub-segment of the global tubing spools market report, along with forecasts at the global, regional and country level from 2022-2027. Furthermore, the growing utilization of pipe and fittings in the chemical sector is expected to create a lucrative market outlook. Apart from this, market players are engaging in mergers and acquisition (M&A) activities to retain a competitive edge in the market. Similarly, development of cloud-based visualization systems for oil and gas operators has increased the demand for tubing spools. launched an extensive range of these spools with a straight bowl profile. Moreover, leading players are introducing durable and efficient tubing spools to expand their market share. Besides this, the rising redevelopment of mature oil wells is also driving the overall sales. This represents one of the key factors contributing to the growth of the tubing spools market. ![]() As a result, governing agencies of numerous countries are increasingly investing in drilling and exploration activities. There is currently a surge in the demand for energy worldwide on account of rapid urbanization, rising global population and the growing dependence on electronics. Besides this, as it supports the tubing string on an oil well to connect with a tubing adapter on the top and helps seal the annular space between the casing and tubing, its sales are increasing around the world. It accommodates a wide range of tubing-string sizes for single- and multiple-string completion programs at minimum expenditure. It comprises a test port, upper bowl, load shoulder, secondary seal area, lockdown screw, outlet, lower and upper flanges, and ring gasket groove. These insights are included in the report as a major market contributor.Ī tubing spool is a tool made using different metals, including carbon steel, stainless steel, and high manganese steel, for carrying out operations safely and smoothly. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. Looking forward, IMARC Group expects the market to reach US$ 787.5 Million by 2027, exhibiting a growth rate (CAGR) of 5.39% during 2022-2027. The global tubing spools market size reached US$ 571.8 Million in 2021. ![]()
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