SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Well Cementing Services - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 1169
Companies: 47 - Players covered include BJ Services; Halliburton; Nabors Industries Ltd.; Schlumberger Ltd.; Trican Well Services Ltd.; Weatherford International Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application (Onshore, Offshore); Service Type (Primary, Remedial, Other Service Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Well Cementing Services Market to Reach $9.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Well Cementing Services estimated at US$7.6 Billion in the year 2020, is projected to reach a revised size of US$9.2 Billion by 2026, growing at a CAGR of 3.2% over the analysis period. Primary, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$7.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Remedial segment is readjusted to a revised 2.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.3 Billion in 2021, While China is Forecast to Reach $1.6 Billion by 2026
The Well Cementing Services market in the U.S. is estimated at US$2.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2026 trailing a CAGR of 3.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 2.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR. More
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SOURCE Global Industry Analysts, Inc.