A Christmas tree is a vertical assembly of mechanical elements, including valves, pressure gauges, spools, and chokes which are fitted to the wellhead of completed wells used in oil exploration and production. These are either fitted on surface walls and underwater oil and gas wells to facilitate flow control. The equipment gets its name from its shape, which resembles a Christmas Tree.
Global Christmas Tree Market to grow at a CAGR of 3.24% during the period 2018-2022.
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The report covers the present scenario and the growth prospects of the global Christmas tree market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of Christmas tree across various onshore and offshore applications.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Global Christmas Tree Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Read more details of the report at: http://www.orbisresearch.com/reports/index/global-christmas-tree-market-2018-2022
Key vendors
- Aker Solutions
- Dril-Quip
- GENERAL ELECTRIC
- Halliburton
- Schlumberger
- TechnipFMC
Market driver
- Increasing consumption of oil and natural gas
- For a full, detailed list, view our report
Market challenge
- Withdrawal of investment in oil and gas industry by the World Bank Group
- For a full, detailed list, view our report
Market trend
- Rising investments in the shale industry
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
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Companies Mentioned:
Aker Solutions, Dril-Quip, GENERAL ELECTRIC, Halliburton, Schlumberger, TechnipFMC.
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