Swellable Packers Market: Introduction
Swellable packers is a piece of separation equipment which relies on elastomers to enlarge and to form an annular seal when it is submerged in certain wellbore liquids. Swellable packers can be installed by using coiled tubing which can run them through the wellbore. The pressure and expansion rate of the swellable packers depend on various factors such as liquid temperature, concentration and a specific gravity of hydrocarbons in a liquid.
Water-activated swellable packers are normally affected by salinity and temperature of the water. Water type swellable packers work on the principle of osmosis. Swellable packers are used in those applications where zonal isolation or pressure seal is required.
Swellable packers offer long-term reliability and stability for the remote wells. Various manufacturers are focusing to develop swellable packers which will work on 26% of salinity brines and can sustain 400F to 2750F temperature.
Swellable Packers Market: Dynamics
The onshore oil and gas industry widely uses swellable packers for annular sealing, and increasing oil production and consumption is likely to drive the demand for swellable packers market in the upcoming year. Increasing government and public investment on new drilling contracts will also drive the demand for swellable packers.
Many manufacturers are focusing to develop the hybrid swellable packers which can work on both oil as well as water, to reduce the overall cost for the oil & gas operators, which results in opening new avenues for the demand of swellable packers.
The increasing number of contracts for the construction of new offshore drilling rigs is expected to drive the demand for boring and completion equipment including swellable packers. Various manufacturers are improving the pressure handling capability from 5,000 to 10,000 psi of swellable packers to improve the sealing feature as well as product life.
This is expected to remain a prominent trend among the swellable packers’ manufacturers. Government initiatives to increase the usage of renewable energy such as wind and solar energy are likely to hinder the growth of the swellable packers market globally.
Swellable Packers Market: Regional Outlook
North America and the Middle East dominated the global crude oil production, and consumption was led by the Asia Pacific in 2018 and it is expected to continue the same in the forecast period. With the growth in consumption and production of crude oil, the demand for swellable packers is expected to surge. North America is expected to have a prominent share of the swellable packers market on the back of increasing newly drilled wells in the region.
Latin America is estimated to have substantial growth owing to increasing government initiatives to boost oil production in the region. For instance, the Mexican government has taken various initiatives such as allowing private companies to lease the rights of drilling in the country.
Moreover in 2018, the number of drilled wells in Brazil also increased.The Asia Pacific region is expected to have considerable growth because of the rising oil production and consumption across developing countries such as India, China and Southeast Asian countries.
The countries such as Thailand and Malaysia will play a significant role in the swellable packers market in the forecast period owing to rising oil and gas production projects. Russia is anticipated to have a protuberant share in Europe's swellable packers market because of the increasing investment in the new oil projects.
Swellable Packers Market: Key Participants
List of some of the prominent market participants in a swellable packers market are:
- The Weir Group PLC
- Schlumberger Limited
- TAM International, Inc.
- Elite Elastomers Inc.
- ACC Corporate
- Reactive Downhole Tools
- Baker Hughes Company (GE)
- Nine Energy Service
The research report on swellable packers market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The swellable packers market report also contains projections using a suitable set of assumptions and methodologies. The research report on swellable packers market provides analysis and information according to market segments such as the product type, swell type, and application.
The Swellable packers market report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
- South Asia (India, ASEAN, Rest of South Asia)
- East Asia (China , Japan, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)
- Oceania ( Australia, New Zealand)
The swellable packers market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The swellable packers market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The swellable packers market report also maps the qualitative impact of various market factors on market segments and geographies.
Swellable Packers Market: Segmentation
The swellable packers market can be categorized based on the product type, swell type, and application.
- Retrievable Packers
- Permanent Packers
- Oil Swells
- Water Swells
- Hybrid Swells