According to a market report by Lucintel, the future of the global zonal isolation market looks promising with opportunities in the onshore and offshore markets. The global zonal isolation market is expected to reach an estimated $30.4 billion by 2030 from $2.3 billion in 2023, at a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are expanding use of directional and horizontal drilling techniques, growing number of onshore and offshore exploration projects, and growing acceptance for preserving well control and averting blowouts.
A more than 150-page report to understand trends, opportunity and forecast in zonal isolation market to 2030 by technology (mechanical and chemical), application (onshore and offshore), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that chemical will remain the larger segment over the forecast period because it provide flexibility in difficult wellbore situations when conventional mechanical solutions might not be feasible, as well as, they are able to adjust to changes in downhole pressure and temperature and uneven wellbore geometry.
North America will remain the largest region over the forecast period due to the development of oil shale and unconventional resources such as shale gas and tight oil formations, which require effective zoning to optimize production and avoid cross-contamination between different zones of the reservoir.
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AltraRock Energy, Baker Hughes, Exxon Dena, Halliburton, Helix Energy Solutions, Hydra Well Intervention, Nabors Industries, Tam, Saltel Industries, NOV are the major suppliers in the zonal isolation market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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