Casing spools is an essential equipment that requires for drilling process owing to its ability for controlling the wellhead pressure. These are often flange ended on the top and connected to the bottom of the tubing head that become a part of the wellhead system of the oil well. It has a straight bore bowl with 45-degree landing shoulder design which prevents from the damage of sealing areas by drilling tools, avoids test plug and bowl protector wedging problems when pressure is applied. These are normally furnished with threaded outlets and studded outlets. It is generally opted to perform multiple task such as act as outlets for fluid returns, testing blowout preventers (BOPs) while drilling, retaining the bowl protector, and pressure-testing casing seals through a test port. In addition to this, manufacturers strives to improve the satisfaction of end-users across the globe by offering high-quality products at competitive prices. This is also expected to fuel the market in the coming years.

Major drivers of the global Casing spools market are increase in dependency on pressure pumping solutions components, rise in industrial expenditure for maintenance and replacement of machinery. In addition to this, rapid growth in oil and gas sector in developing economy and stringent regulatory laws for usage of effective components & solutions are expected to boost the business of casing spools in coming years. However, risks associated with explosive decompression damage and fluid swell of the casing spools during use are likely to restrain the growth of the market in the near future. Nevertheless, factors such as targeting new users, development of innovative products, and wider reach of casing spool through online sales are projected to offer attractive opportunities to the market in the near future.

The global Casing spools market can be segmented based on type, casing size, flange size, working pressure, application, distribution channel, and region. In terms of type, the casing spools market can be classified into low alloy steel and stainless steel. Based on casing size, the casing spools market is segmented into 8-10”, 10.1-12”, 12.1-15”, 15.1-18”, above 18.1”. Based on working pressure, the casing spools market is segmented into below 2000 PSI, 2001-3000 PSI, 3001-5000 PSI, and above 5000 PSI. In terms of flange size, the casing spools market is segmented into 11-13”, 13.1-15”, 15.1-18”, and above 18.1”. Based on application, the global casing spools market can be split into mining, aggregates, oil & gas, flow control, and others. Based on distribution channel, the casing spools market can be categorized into offline channel and online channel. The online channel can be sub-segmented into e-commerce sites, and company websites.

Based on region, the global Casing spools market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Casing spools market in North America is expected to be driven by rapid growth in the mining, oil & gas sector. In Europe, stringent regulation by the governmental bodies and industrial association for regular maintenance and replacement of components in pressure handling equipment to avoid the risk associated with it have promoted the usage of casing spools. The market in Asia Pacific is expected to expand significantly, owing to its ability of cost effective and reliability. The market in Middle East & Africa is likely to fuel the sales of casing spools owing to its rapid growth in higher pressure and critical service applications. The casing spools market in South America is anticipated to be driven by rise in the oil & gas sector.

Major players operating in the global casing spools market include Sentry Wellhead Systems, Kingsa Industries (S) Pte Ltd, TechnipFMC plc, Integrated Equipment, JMP Petroleum Technologies, Inc., The Jereh Group, GE Oil & Gas Inc., Delta Corp Limited, The Weir Group PLC, Tiger Valve Company, and Worldwide Oilfield Machine.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.