The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global oilfield degasser market share. Owing to increase in industrialization and rapid urbanization across the globe, the oil & gas market is expected to grow at a significant rate, due to the escalated demand for energy. To cater to increasing demand, major industries are focusing on their oil & gas projects. This is expected to drive the demand for equipment such as degassers in the global market.
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In recent times, the oil & gas industry has shifted its focus from shallow-water drilling to deep-water drilling. With rise in prices of crude oil, companies have significantly increased their operations and started investing on offshore deep-water drilling projects, which is expected to positively impact the growth of the oilfield degasser market.
The market in the North America region is expected to grow at a significant rate due to upsurge in offshore activities in the Gulf of Mexico. Moreover, the degasser market in the Asia-Pacific region is expected to grow at a considerable rate in the near future.
Key Market Players
- CMIC Ocean En-Tech Holding Co. Ltd.
- Derrick Corp.
- Fluid Systems, Inc.
- Hebei GN Solids Control Co. Ltd.
- MHWirth AS
- National Oilwell Varco Inc.
- Schlumberger Ltd.
- The Weir Group Plc.
- Xi’an KOSUN Machinery Co. Ltd.
- Yantai Jereh Oilfield Services Group Co. Ltd.
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Key benefits of the report
- This study presents the analytical depiction of the global oilfield degasser industry along with the current trends and future estimations to determine the imminent investment pockets.
- The current market is quantitatively analyzed from 2020 to 2029 to highlight the global oilfield degasser market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
COVID-19 scenario analysis
The outbreak of the novel coronavirus pandemic has severely affected the global oilfield gas market.
- Owing to the economic slowdown and restrictions imposed on travel and transport, the demand for fuel has declined steeply. This has de-escalated the operations in the oil & gas industry, thereby lowering the demand for oilfield degassers market, globally.
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