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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
Transparency Market Research
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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...