PUBLISHER: IMARC | PRODUCT CODE: 1390642
PUBLISHER: IMARC | PRODUCT CODE: 1390642
Tubing Spools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global tubing spools market size reached US$ 603.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 826.9 Million by 2028, exhibiting a growth rate (CAGR) of 5.40% during 2022-2028.
A tubing spool is a tool made using different metals, including carbon steel, stainless steel, and high manganese steel, for carrying out operations safely and smoothly. It comprises a test port, upper bowl, load shoulder, secondary seal area, lockdown screw, outlet, lower and upper flanges, and ring gasket groove. It accommodates a wide range of tubing-string sizes for single- and multiple-string completion programs at minimum expenditure. Besides this, as it supports the tubing string on an oil well to connect with a tubing adapter on the top and helps seal the annular space between the casing and tubing, its sales are increasing around the world.
Tubing Spools Market Trends:
There is currently a surge in the demand for energy worldwide on account of rapid urbanization, rising global population and the growing dependence on electronics. As a result, governing agencies of numerous countries are increasingly investing in drilling and exploration activities. This represents one of the key factors contributing to the growth of the tubing spools market. Besides this, the rising redevelopment of mature oil wells is also driving the overall sales. Moreover, leading players are introducing durable and efficient tubing spools to expand their market share. For instance, Integrated Equipment, Inc. launched an extensive range of these spools with a straight bowl profile. Similarly, development of cloud-based visualization systems for oil and gas operators has increased the demand for tubing spools. Apart from this, market players are engaging in mergers and acquisition (M&A) activities to retain a competitive edge in the market. Furthermore, the growing utilization of pipe and fittings in the chemical sector is expected to create a lucrative market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tubing spools market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end user.
Breakup by Type:
Single Tubing
Dual Tubing
Breakup by Application:
Onshore
Offshore
Breakup by End User:
Well Testing
Well Completion
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Delta US Corporation LLC, Ethos Energy Group Limited (John Wood Group plc), Integrated Equipment, Inc, Jiangsu Sanyi Petroleum Equipment Co. Ltd., JMP Petroleum Technologies Inc., MSP Drilex Inc., Sunnda Corporation, TSC Group Holdings Limited, Uztel S.A., Weir Group plc and Yantai Jereh Oilfield Services Group Co. Ltd.
Key Questions Answered in This Report:
- How has the global tubing spools market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global tubing spools market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global tubing spools market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Tubing Spools Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Single Tubing
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Dual Tubing
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Onshore
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Offshore
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 Well Testing
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Well Completion
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Delta US Corporation LLC
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Ethos Energy Group Limited (John Wood Group plc)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Integrated Equipment, Inc
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Jiangsu Sanyi Petroleum Equipment Co. Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 JMP Petroleum Technologies Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 MSP Drilex Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Sunnda Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 TSC Group Holdings Limited
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Uztel S.A.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 Weir Group plc
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 Yantai Jereh Oilfield Services Group Co. Ltd.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.1 Delta US Corporation LLC
List of Figures
- Figure 1: Global: Tubing Spools Market: Major Drivers and Challenges
- Figure 2: Global: Tubing Spools Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Tubing Spools Market: Breakup by Type (in %), 2022
- Figure 5: Global: Tubing Spools Market: Breakup by Application (in %), 2022
- Figure 6: Global: Tubing Spools Market: Breakup by End User (in %), 2022
- Figure 7: Global: Tubing Spools Market: Breakup by Region (in %), 2022
- Figure 8: Global: Tubing Spools (Single Tubing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Tubing Spools (Single Tubing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Tubing Spools (Dual Tubing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Tubing Spools (Dual Tubing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Tubing Spools (Onshore) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Tubing Spools (Onshore) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Tubing Spools (Offshore) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Tubing Spools (Offshore) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Tubing Spools (Well Testing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Tubing Spools (Well Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Tubing Spools (Well Completion) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Tubing Spools (Well Completion) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: North America: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: North America: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: United States: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: United States: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Canada: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Canada: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Asia-Pacific: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Asia-Pacific: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: China: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: China: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Japan: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Japan: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: India: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: India: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: South Korea: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: South Korea: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Australia: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Australia: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Indonesia: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Indonesia: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Others: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Others: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Europe: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Europe: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Germany: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Germany: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: France: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: France: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: United Kingdom: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: United Kingdom: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Italy: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Italy: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Spain: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Spain: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Russia: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Russia: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Latin America: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Latin America: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Brazil: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Brazil: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Mexico: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Mexico: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Middle East and Africa: Tubing Spools Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Middle East and Africa: Tubing Spools Market: Breakup by Country (in %), 2022
- Figure 68: Middle East and Africa: Tubing Spools Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Global: Tubing Spools Industry: SWOT Analysis
- Figure 70: Global: Tubing Spools Industry: Value Chain Analysis
- Figure 71: Global: Tubing Spools Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Tubing Spools Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Tubing Spools Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Tubing Spools Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Tubing Spools Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Tubing Spools Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Tubing Spools Market: Competitive Structure
- Table 7: Global: Tubing Spools Market: Key Players
