Oilfield Casing Spools Market Share

North American Market Statistics

North America industry is estimated to account for largest revenue share of 44% by 2037. This growth will be noticed due to the increasing growth of energy infrastructure in this region. During the last five years, U.S. oil and gas infrastructure growth continued at a quick pace, and a lot have questioned whether the trend can go on. Moreover, the investment space in the American energy infrastructure is projected to increase to an accumulated USD 197 billion by 2029. As hackers pose gradually sophisticated hazards to critical infrastructure and the influences of climate change proceed to raise the prevalence and concentration of weather events, the American energy infrastructure requires a serious overhaul to both raise resiliency and promote the transition to cleaner energy resources.

European Market Analysis

The oilfield casing spools market in the European region will also increase massively during the forecast period and will hold the second position during the forecast period. This growth will be noticed because of the increasing offshore oil and natural gas production in the European region. Turkey has also delighted success in this domain and currently started building the underwater pipeline network that will link the offshore Sakarya gas field with the onshore gas processing aptitude in the northern Black Sea domain of Zonguldak. Gas generation is projected to start in the first quarter of 2023, with height generation of over 3,5 bcm yearly.