Packer Market Analysis, Size, Segment To 2022 by Grand View Research, Inc.

1
Packer Market Analysis, Market Size, Analysis
2015 To 2022

• Grand View Research has announced the addition of
  "Global Packer Market Analysis And Segment
  Forecasts To 2022" Market Research report to
  their Database

2

• Global packer market is expected to witness
  significant growth over the next seven years
  owing to increasing hydrocarbon sealing equipment
  demand in oil gas extraction process. Growing
  drilling extraction activities globally is
  anticipated to spur packer demand over the
  forecast period. Packers are applied to pipes and
  casing during drilling process for efficient and
  safe hydrocarbon extraction. Packers are
  generally manufactured from elastomers which
  enhance resistance from external shear and
  vibrations. Variation in formation type and
  petrophysical properties within small range of
  topography makes it difficult for EP companies
  to extract oil gas with high efficiency.
• Different ambient properties in various regions
  require variety of suitable packers for the
  formations which is projected to augment the
  packer market growth over the forecast period.
  Rising safety concerns coupled with increasing
  requirement for optimum efficiency extraction
  process to reduce wastage during oil production
  is expected to fuel packer market growth over the
  forecast period. Increasing EP activities in
  both onshore and ultra-deep offshore hydrocarbon
  reserves is expected to promote safe drilling
  process and sustainable equipment management
  which in turn is anticipated to drive packer
  market growth over the foreseeable future.
  Growing horizontal drilling particularly in
  unconventional reserves is expected to bolster
  the packer market growth over the forecast
  period. High raw material cost due to customized
  design requirement is expected to hinder the
  packer market over the next seven years.
• For More Information on "Packer Market Research
  Reports" visit - http//www.grandviewresearch.com/
  industry-analysis/packer-market

3

• Packers have been segmented into two types as
  permanent and retrievable. Permanent packers can
  be removed after the completion of the extraction
  process. These are applied on a small scale owing
  to high manufacturing cost and complex design as
  per the requirements. Retrievable packers are
  anticipated to witness rapid growth over the
  forecast period on account of low cost and simple
  installation method. These can be changed
  multiple times during the extraction process
  using milling tool. North America was the
  dominant regional market in 2014 and is
  anticipated to show considerable growth over the
  next seven years on account of growing onshore
  EP activities and increasing shale plays in the
  region.

4

5

• Request TOC of Packer Market Research Reports"
  visit - http//www.grandviewresearch.com/industry-
  analysis/packer-market/request-toc
• About Grand View ResearchGrand View Research,
  Inc. is a U.S. based market research and
  consulting company, registered in the State of
  California and headquartered in San Francisco.
  The company provides syndicated research reports,
  customized research reports, and consulting
  services. To help clients make informed business
  decisions, the company offers market intelligence
  studies ensuring relevant and fact-based research
  across a range of industries including
  technology, chemicals, materials, healthcare and
  energyContactSherry JamesCorporate Sales
  Specialist, U.S.A.Grand View Research,
  Inc.United StatesPhone 1-415-349-0058Toll
  Free 1-888-202-9519Email sales_at_grandviewresearc
  h.comWebsite Grand View ResearchBlog Site
  http//www.divog.org/
•