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Global Oil and Gas Packer Market 2018-2022

Global Oil and Gas Packer Market 2018-2022

About Oil and Gas Packer

Oil and gas packers are made of a rubber-like material, cylindrical in shape, which can be compressed to expand against the well walls. The oil and gas packers seal the well walls, thereby preventing any vertical flow of fluid in that section of the well.

Technavio’s analysts forecast the global oil and gas packer market to grow at a CAGR of 4.06% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global oil and gas packer market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of oil and gas packer.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Oil and Gas Packer 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.

Key vendors
  • Dril-Quip
  • GENERAL ELECTRIC
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford
Market driver
  • Increasing applications of packer as a downhole tool
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in oil and gas prices
  • For a full, detailed list, view our report
Market trend
  • is Increased shale oil and gas production
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Oil and Gas Packer Market 2018-2022

Technavio recognizes the following companies as the key players in the global oil and gas packer market: Dril-Quip, GENERAL ELECTRIC, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased shale oil and gas production. For many countries around the world, shale gas is an opportunity to strengthen energy security while cutting emissions. The increased development of shale resulted in a decrease of imports for the US. The US, which was among the top importers of crude oil across the world, gradually reduced its imports, resulting in surplus crude oil in the market. The decreased imports are mainly attributed to the introduction of hydraulic fracturing because of which domestic supplies have increased.”

According to the report, one of the major drivers for this market is Increasing applications of packer as a downhole tool. Oil and gas packer is a device that is run into the wellbore at a smaller initial diameter, which is later expanded to seal the wellbore. Packer is required during the well completion, where it isolates the annulus from the production conduit. The packer, as a downhole device, is essential for the basic functioning of most wells, producers, or injectors.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in oil and gas prices. The oil and gas industry is directly linked to the crude oil price, and its success or failure depends on the pricing of this commodity. The industry witnessed a prolonged period of low crude oil prices since July 2014. The prices declined continuously owing to the supply-demand imbalance. Oil and gas companies, especially upstream companies, experienced a phase of reduced revenues, which had a direct impact on the cash flow for the companies.

Companies Mentioned

Dril-Quip, GENERAL ELECTRIC, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global oilfield services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global oil and gas packer market - Market size and forecast 2017-2022 ($ millions)
      • Table Global oil and gas packer market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Permanent packer - Market size and forecast 2017-2022
      • Table Permanent packer - Market size and forecast 2017-2022 ($ millions)
      • Table Permanent packer - Year-over-year growth 2018-2022 (%)
    • Retrievable packer - Market size and forecast 2017-2022
      • Table Retrievable packer - Market size and forecast 2017-2022 ($ millions)
      • Table Retrievable packer - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Regional - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ millions)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ millions)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ millions)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global liquid fuel consumption 2009-2018 (mbpd)
    • Market challenges
      • Table Global crude oil price 2012-2017 ($/bbl)
      • Table Global investment in renewable energy supply 2000-2016 ($ billions)
  • Market trends
    • Increased shale oil and gas production
    • Industry 4.0: Trends impacting upstream producers
    • New oil and gas discoveries
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Dril-Quip
      • Table Dril-Quip overview
      • Table Dril-Quip - Business segments
      • Table Dril-Quip - Organizational developments
      • Table Dril-Quip - Geographic focus
      • Table Dril-Quip - Segment focus
      • Table Dril-Quip - Key offerings
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC overview
      • Table GENERAL ELECTRIC - Business segments
      • Table GENERAL ELECTRIC - Organizational developments
      • Table GENERAL ELECTRIC - Geographic focus
      • Table GENERAL ELECTRIC - Segment focus
      • Table GENERAL ELECTRIC - Key offerings
    • Halliburton
      • Table Halliburton overview
      • Table Halliburton - Business segments
      • Table Halliburton - Organizational developments
      • Table Halliburton - Geographic focus
      • Table Halliburton - Segment focus
      • Table Halliburton - Key offerings
    • National Oilwell Varco
      • Table National Oilwell Varco overview
      • Table National Oilwell Varco - Business segments
      • Table National Oilwell Varco - Organizational developments
      • Table National Oilwell Varco - Geographic focus
      • Table National Oilwell Varco - Segment focus
      • Table National Oilwell Varco - Key offerings
    • Schlumberger
      • Table Schlumberger overview
      • Table Schlumberger - Business segments
      • Table Schlumberger - Organizational developments
      • Table Schlumberger - Geographic focus
      • Table Schlumberger - Segment focus
      • Table Schlumberger - Key offerings
    • Weatherford
      • Table Weatherford overview
      • Table Weatherford - Business segments
      • Table Weatherford - Organizational developments
      • Table Weatherford - Geographic focus
      • Table Weatherford - Segment focus
      • Table Weatherford - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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