The International Frac Plugs market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
Frac Plugs is a device used to isolate zones in wells during plug-and-perf operations.
The Frac Plugs mainly includes composite plugs, dissolvable plugs and cast iron plugs. The composite plugs occupies the biggest part of the production. The main production base is located in United States, accounting for about 78% market share in 2017.
The technology of the Frac Plugs is relatively mature. The leading players are Schlumberger, Halliburton, BHGE, Downhole Technology which accounting for about 44% market share in term of revenue in 2017.
As the report focuses on global Frac Plugs market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In market segmentation by manufacturers, the report covers the following companies-
Schlumberger
Halliburton
BHGE
Downhole Technology
Innovex
Forum Energy Technologies
NOV
Magnum Oil Tools
Weatherford
Rubicon Oilfield International
Sinopec
CNPC
Peak Completion
SPT Energy
In market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types covers:
Composite Plugs
Dissolvable Plugs
Cast Iron Plugs
In market segmentation by applications :
Vertical Wells
Horizontal Wells
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Frac Plugs market for the forecast period 2020 - 2025?
• What are the driving forces in the Frac Plugs market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Frac Plugs industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?