$813.9 Million Worldwide Gravel Pack Industry to 2027 - Impact of COVID-19 on the Market

Dublin, March 15, 2021 (GLOBE NEWSWIRE) -- The "Gravel Pack - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Gravel Pack estimated at US$ 813.9 Million in the year 2020, is projected to reach a revised size of US$ 1 Billion by 2027, growing at a CAGR of 3.7% over the period 2020-2027.

Onshore, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$ 642.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Offshore segment is readjusted to a revised 3.4% CAGR for the next 7-year period.

The Gravel Pack market in the U.S. is estimated at US$ 220.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 209.5 Million by the year 2027 trailing a CAGR of 6% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Select Competitors (Total 35 Featured):

• Andmir Group

• Anton Oilfield Services

• Baker Hughes Company

• China Oilfield Services

• Halliburton

• Katt GmbH

• Kerui Petroleum

• Middle East Oilfield Services

• Mitchell Industries

• Oil States International

• RGL Reservoir Management

• Sazoil

• Schlumberger

• Shenzhen Max-Well Oilfield Services Ltd.

• Siao Petroleo

• Superior Energy Services

• Tendeka

• Variperm

• Weatherford

• Zamam Offshore Services Limited;

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

• Global Competitor Market Shares

• Gravel Pack Competitor Market Share Scenario Worldwide (in %): 2020E

• Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/w2z2hw

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