Growth of Packer Market 2014 - 2020

Transparency Market

Research

Packer Market - Global Industry Analysis, Size, Share,

Growth, Trends, and Forecast 2014 - 2020

Published Date

2015-01-14

81 Page Report

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Press Release

Packer Market Revenue is Estimated to Reach USD 4,931.1

Million by 2020

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Packer Market

REPORT DESCRIPTION

Transparency Market Research has released a new market research report, According to the report, the global packer

market revenue stood at 2,717.5 Million in 2013 and is projected to reach 4,931.1 Million by 2020, expanding at a CAGR

of 9.0% between 2014 and 2020.

Rise in global demand for fossil fuel spurred by demographic and economic growth is expected to drive the global packer

market. Global oil and gas exploration and production activities have increased over the years leading to a rise in demand

for oil well equipment. Exploration & Production (E&P) companies constantly explores for new oil and gas reserves and

focuses on less explored deep and ultra-deep offshore reserves. Besides conventional oil and gas reserves, the drilling

activities pertaining to unconventional shale gas/oil have equally contributed to the increase in demand for well completion

equipment including packers.

Browse the full Packer Market report at

http://www.transparencymarketresearch.com/packer-market.html

Permanent packers are expected to dominate the market in terms of revenue. Low cost and better operational capabilities

are the major factors driving the demand for permanent packers. Permanent packers are available in different varieties

with a wide range of pound per square inch (psi) ratings and can be used in high pressure/high temperature applications.

Retrievable packers are best suited for applications requiring subsequent work over and...