[114 Pages Report with Detailed Analysis] Wellhead Equipment Market (Description) : Wellheads equipments provide the end point of casing and tubing strings. These equipments also control pressure and give’s access to the main casing /tubing
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Wellhead Equipment estimated at USD million in the year 2022, is projected to reach a revised size of USD million by 2028, growing at a CAGR of % during the forecast period 2022-2028.
Some of the key drivers favoring to the market growth include increasing demand for exploration and production activities by oil and gas companies, instability in operational rigs growing deepwater and ultra-deepwater exploration and various reservoir characteristics. On the contrary, decreasing oil prices, environmental risk, scarcity of skilled labor are some factors which are inhibiting the market growth.
Top Key players:
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