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 billion by 2030 from $22 billion in 2024 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 global
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.
Download
sample by clicking on zonal isolation
market.
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 helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
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: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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