PUBLISHER: TechSci Research | PRODUCT CODE: 1152261
PUBLISHER: TechSci Research | PRODUCT CODE: 1152261
We offer 8 hour analyst time for an additional research. Please contact us for the details.
The global safety clamp market is anticipated to register growth at an impressive CAGR in the forecast period, 2023-2027. The market growth can be attributed to the increasing onshore and offshore drilling activities to accommodate the rising energy demands across the globe. Energy is the quintessential requirement across all industries and for domestic purposes. Setting up of new commercial and industrial infrastructure and increased spending on mining, manufacturing, construction, etc. and other such verticals are generating a huge power demand. Continuous initiatives by power-producing companies to extract oil & gas for reliable power generation is creating high demand for drilling equipment, including safety clamp. A safety clamp is a mechanical device that prevents the drill apparatus from falling down the drill hole or wellbore if other safety measures fail. Most safety clamp are versatile, and they can be adjusted for use with multiple types and sizes of pipe. Enhanced focus of organizations to ensure safety of both workers and materials to be extracted is supporting the high demand for safety clamp. Introduction of new varieties of safety clamp and expansion of product range of clamp by key market players to improve operator safety and target hazardous high-temperature steam lines are also adding to the market growth. Continuous efforts by numerous companies to extract metals, minerals, and subsurface aquifers at an optimum rate and safely are also anticipated to boost the growth of the global safety clamp market in the coming years.
The global safety clamp market is segmented by type, product type, location, competitive landscape, and regional distribution. Based on the type, the market is bifurcated into tubing and casing. By product type, the market is differentiated into Type P, Type C, and Type MP. Based on location, the market is segmented into onshore and offshore. The market analysis also studies the regional segmentation, divided among North America, Europe, Asia Pacific, Middle east and Africa, South America. The United States is anticipated to hold a significant market share in the coming years due to the inflating disposable income of the consumers and increasing preference among consumers for ready-to-eat food in the region.
Texas International, Janki Oil Tools, Autobahn Industries, Keystone Pipe Handling Tools, Premium Oilfield Technologies, General Petroleum Oil Tools, FYPE Rigid Machinery Co. Ltd., Alco Group, Shaanxi Gaoton Highlong Machinery Co. Ltd., Rbdxki Co. Ltd., etc. are the leading market players operating in the global safety clamp market.
In this report, the global safety clamp market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global safety clamp market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
(Note: The companies list can be customized based on the client requirements.)