Dublin, June 13, 2023 (GLOBE NEWSWIRE) — The “Oil Well Casing and Cementing Equipment – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. The global oil well casing and cementing equipment market is valued at US$9.8 billion in 2023 and is expected to reach a revised size of US$14.0 billion by 2030, growing at a CAGR of 4.5%. during the analysis period 2022-2030.
The cabinet industry, one of the segments analyzed in the report, is expected to grow at a CAGR of 4.8% to reach US$10.7 billion by the end of the analysis period.
Taking into account the ongoing recovery from the pandemic, the cementing growth of the business will be recalibrated to a CAGR of 3.6% over the next eight years. The US market is expected to be worth US$2.7 billion, while China is expected to grow at a CAGR of 7.6%. As the world’s second largest economy, China is expected to reach a market size of US$3 billion by 2030, with a CAGR of 7.6% during the analysis period from 2022 to 2030.
Other noteworthy geographic markets include Japan and Canada, which are expected to grow at 2.3% and 3.7%, respectively, between 2022 and 2030. In Europe, Germany is expected to grow at an average annual growth rate of approximately 3%. Select a participant (47 options in total) -
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Post time: Mar-28-2024