LONDON--(BUSINESS WIRE)--Technavio has been monitoring the choke and kill manifold market and it is poised to grow by USD 1.23 bn during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Choke and Kill Manifold Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Awaltek Sdn Bhd, AXON Pressure Products Inc., Camtop (Shanghai) Machinery Equipment Co. Ltd., EthosEnergy Group Ltd., GTP Solutions, National Oilwell Varco Inc., Schlumberger Ltd., TechnipFMC Plc, Worldwide Oilfield Machine Inc., and Yantai Jereh Oilfield Services Group Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increase in global rig count has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/choke-and-kill-manifold-market-industry-analysis
Choke and Kill Manifold Market 2020-2024: Segmentation
Choke and Kill Manifold Market is segmented as below:
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Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The choke and kill manifold market report covers the following areas:
This study identifies the rise in consumption of oil and gas as one of the prime reasons driving the choke and kill manifold market growth during the next few years.
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Choke and Kill Manifold Market 2020-2024: Key Highlights
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