Zonal Isolation Packers Market – Manufacturers Focus on Product Benchmarking as a Continuous Improvement Tool

According to a recent study of Fact.MR, sales of zonal isolation packers exceeded 25,438 units in 2018, and is estimated to surpass 26,000 units in 2019. The Fact.MR study finds an ever-increasing need from exploration & production industry operators to address the issue of gas migration, which continues to be one of the longstanding challenges requiring immediate attention. This, in turn, is paving favorable grounds for adoption of effective zonal isolation technologies, including zonal isolation packers.

The study opines that demand for zonal isolation packers is closely associated with two of the highly-valued aspects- well lifecycle and workover. With resurgence of well drilling activities worldwide, industry operators seek effective zonal isolation packers that ensure enhanced well lifecycle and reduced workover. Consistent growth of well-intervention procedures across the existing oilfields for production ramp-up is one among the chief aspects bolstering the adoption of zonal isolation packers.

The study states that end-users will continue to show marked preferences for permanent zonal isolation packers, owing to their excellent performance as compared to retrievable and open hole variants. High sealing & gripping capabilities and low costs remain two key touchpoints boosting sales of permanent zonal isolation packers, with global sales estimated to surpass 15,600 units in 2019. Demand for zonal isolation packers from onshore applications will continue to grow by leaps and bounds, with global demand estimated to surpass 22,500 units in 2019.

To provide an in-detailed analysis of the potential opportunities, the research report takes into consideration of the several growth factors across different regional segments. The important geographical segments of the global zonal isolation packers market are as follows:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico)
  • Europe (Germany, France)
  • APAC (Australia and New Zealand)

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The detailed research report on the global zonal isolation packers market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market. The report also offers an in-depth analysis of how the projected growth factors will shape the market dynamics in the coming years of the forecast period. Moreover, it also gives meaningful as well as actionable insights on the key trends that are developing the current market scenario and which will be lucrative for the future of the global zonal isolation packers market.

The research report on the global zonal isolation packers market also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market. Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into. To back its opinion, the research report covers all the factors and events such as mergers, acquisitions, takeovers, joint ventures, and strategic alliances. It also analyzes the entry barriers and overall intensity of the competition in the global zonal isolation packers market. Some of the key players mentioned in the research report are

  • Halliburton
  • Schlumberger Limited
  • Baker Hughes Inc.
  • Weatherford International PLC
  • National Oilwell Varco, Inc.
  • Nine Energy Services
  • Trican Well Service Ltd.
  • NCS Multistage Holdings, Inc.
  • Nabors Industries Ltd.
  • Saltel Industries SAS
  • Packers Plus Energy Services Inc.
  • Innovex Downhole Solutions
  • Vanguard Oil Tools & Services
  • ERA Oilfield Services

Manufacturers Focus on Product Benchmarking as a Continuous Improvement Tool

The zonal isolation packers market landscape portrays hegemony of the top 3 players- Halliburton, Schlumberger Limited, and Baker Hughes Inc., whose growth is uphold by robust product portfolios. Furthermore, the zonal isolation packers market also demonstrates larger presence of regional players, which may compel the leading players to deliberately cut down their product prices for improving their product positioning. Moreover, manufacturers in the zonal isolation packers market are also focusing on product benchmarking as a continuous improvement tool, wherein they are comparing their offerings with the industry-best products to pick out areas of improvement.

According to the Fact.MR study, the key players in the zonal isolation packers market are positioning their production units in close proximity with prominent oil & gas sites, with an objective of minimizing the transportation costs. In line with the competitive market environment, the end-users continue to be in a stronger position in the zonal isolation packers market landscape. Sensing the aforementioned, manufacturers in the zonal isolation packers are vying to establish differential approaches as compared to that of their rivals, in order to ensure that product designs are appropriate and all-aligned with evolving end-user requirements.

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The research report also offers a great insight on the working dynamics of individual segment of the global zonal isolation packers market. The research report covers the business growth opportunities for the following vital segments:

  • Upto 7,500 Psi
  • 7,500-15,000 Psi
  • Above 15,000 Psi

In terms of type of product, the global zonal isolation packers market can be segmented into:

  • Permanent
  • Retrievable
  • Open Hole

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