The Fact.MR report also analyzes the potential opportunities in zonal isolation packers market from 2019 to 2027. According to the report, the zonal isolation packers market is estimated to witness growth at a volume CAGR of over 3.5% during the forecast period. According to a recent study of Fact.MR, sales of zonal isolation packers exceeded 25,438 units in 2018, and is estimated to surpass 26,000 units in 2019. The Fact.MR study finds an ever-increasing need from exploration & production industry operators to address the issue of gas migration, which continues to be one of the longstanding challenges requiring immediate attention. This, in turn, is paving favorable grounds for adoption of effective zonal isolation technologies, including zonal isolation packers. The study opines that demand for zonal isolation packers is closely associated with two of the highly-valued aspects- well lifecycle and workover. With resurgence of well drilling activities worldwide, industry operators seek effective zonal isolation packers that ensure enhanced well lifecycle and reduced workover. Consistent growth of well-intervention procedures across the existing oilfields for production ramp-up is one among the chief aspects bolstering the adoption of zonal isolation packers.
The zonal isolation packers market report highlights the following players:
- Weatherford International PLC
- National Oilwell Varco, Inc.
- Nine Energy Services
- Schlumberger Limited
- Others
The zonal isolation packers market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
Important regions covered in the zonal isolation packers market report include:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- Japan and MEA
- APEJ (China, India)
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The study states that end-users will continue to show marked preferences for permanent zonal isolation packers, owing to their excellent performance as compared to retrievable and open whole variants. High sealing & gripping capabilities and low costs remain two key touchpoints boosting sales of permanent zonal isolation packers, with global sales estimated to surpass 15,600 units in 2019. Demand for zonal isolation packers from onshore applications will continue to grow by leaps and bounds, with global demand estimated to surpass 22,500 units in 2019.
