Stratview Research announces the addition of a new market research report on North America Spoolable Pipe Market by Reinforcement Type (Fiber Reinforced, Steel Reinforced, and Hybrid Reinforcement), by Matrix Type (Thermoset and Thermoplastic), by Application Type (Onshore, Offshore, Downhole, Mining, Water, and Others), by Diameter (Small and Large), By User (Operator, EPC Contractor, Drilling Contractor, and Others), and by Sales Channel (Direct Sales and Distributors), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022.
This market report from Stratview Research studies the North America spoolable pipe market over the period 2010 to 2021. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The North America Spoolable Pipe Market: Highlights
Stratview Research foresees a robust growth of 7.8% CAGR in the North America spoolable pipe market over the next five years (2017 – 2022) to reach US$ 650.1 million in 2022, which offers an opportunity to the pipe and end user industry players to align themselves with the market growth. Despite the short-term fluctuations in reinforced spoolable pipe demand in North America mainly due to decreasing the oil & gas price, the long term business outlook seems promising with good growth potential during the forecast period.
Fiber reinforced spoolable pipe is likely to gain more market traction in the upcoming years by replacing steel pipes in the high-pressure applications.
About eight to ten years back, the usage of reinforced spoolable pipe in high pressure applications was at nascent stage in the North American oil & gas industry. Since then, there has been a transformation in the acceptance of reinforced spoolable pipe in the North American oil & gas industry. North America has been the pioneer in the usage of the reinforced spoolable pipe market.
Onshore applications are expected to remain the growth driver of the North America reinforced spoolable pipe market during the forecast period.
The key reinforced spoolable pipe manufacturers are NOV Fiberglass (Fiberspar), Airborne Oil & Gas, DeepFlex, Flexpipe System, Flexsteel, and Pipe Life. New product development, collaboration with customers, and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
Avail free customization options which are listed in the link given below along with the detailed Table of Contents and Report Description.
Free customization options for market research report on North America spoolable pipe market.
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Global Spoolable Pipe Market by Reinforcement Type, by Matrix Type, by End User Industry, by Diameter, By User, by Sales Channel, by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016 – 2021