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ENERGY & UTILITIES | Oil & Gas Production & Exploration
centekgroup.com

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About Centek Group

Centek specializes in delivering design and engineering expertise to casing centralization in the Upstream Oil and Gas industry. The company designs a range of bow spring centralizers primarily suited, but not restricted to, deviated, extended reach wells.

Centek Group Headquarter Location

Station View, Forde Road Brunel Industrial Estate

Devon, England, TQ12 4AE,

United Kingdom

+44 (0) 1626 337636

Latest Centek Group News

Centralizers and Float Equipment Market to Reach $1,439.3 Million by 2024: P&S Intelligence

Jul 10, 2019

Some of the major players operating in the global centralizers and float equipment market are Halliburton Company, Weatherford International plc, Centek Group, Ray Oil Tool Company, Downhole Products, Summit Casing Equipment, Sledgehammer Oil Tools Pvt. Ltd., NeOz Energy, Puyang Zhongshi Group Co. Limited (PYSZ), National Oilwell Varco Inc., and Oilmec Drilling Equipments Pvt. Ltd. | Source: Prescient & Strategic Intelligence Private Limited NEW YORK, July 10, 2019 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, global centralizers and float equipment market is projected to reach $1,439.3 million by 2024, registering a CAGR of 6.3% during the forecast period. The demand for centralizers and float equipment is primarily driven by the increasing prosperous new discoveries of oil and gas reserves, growing demand for oil and gas products, and recovery in the global crude oil prices. Request to get the sample pages of the report: https://www.psmarketresearch.com/market-analysis/centralizers-and-float-equipment-market/report-sample Recent recovery of crude oil prices helped the crude oil upstream industry, which in result, encouraging the demand for well completion equipment, since mid-2016. In last couple of years, many exploration and production (E&P) companies had resumed operations of deferred projects and retendering of other E&P projects. For instance, British Petroleum (BP) plc began the second phase of the Mad Dog oil field operations, Royal Dutch Shell plc announced its plans to develop the Penguins field in the North Sea, and several other global players also demonstrated active participation in E&P operations. Thus, this trend in E&P initiations is expected to propel the centralizers and float equipment market in the forthcoming years. Based on the equipment, the centralizers and float equipment market is bifurcated into centralizers and float equipment. Between the two, in 2018, float equipment accounted for larger revenue share of more than 55% in the market. This significant market share is ascribed to the increasing E&P activities, coupled with the rising necessity for preventing the backflow of cement slurry in well completion operations. As per oil and gas industry experts, the crude oil prices are expected to remain constant in the upcoming years, which in result, would fuel the market growth during the forecast period. Browse report overview with 185 tables and 62 figures spread through 183 pages and detailed TOC on "Centralizers and Float Equipment Market" at: https://www.psmarketresearch.com/market-analysis/centralizers-and-float-equipment-market On the basis of application, the centralizers and float equipment market is classified into onshore and offshore. In terms of both volume and value, onshore application held larger market share by accounting more than 80% in 2018. This significant market share is attributed to the number of onshore drilling wells across the globe. Middle East & Africa (MEA), Latin America (LATAM), and North America are the major regions for onshore oil and gas drilling wells. The growing E&P operations in these regions are expected to further boost the demand for centralizers and float equipment in the coming years. Some of the major players operating in the global centralizers and float equipment market are Halliburton Company, Weatherford International plc, Centek Group, Ray Oil Tool Company, Downhole Products, Summit Casing Equipment, Sledgehammer Oil Tools Pvt. Ltd., NeOz Energy, Puyang Zhongshi Group Co. Limited (PYSZ), National Oilwell Varco Inc., and Oilmec Drilling Equipments Pvt. Ltd. Make enquiry before buying the report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=centralizers-and-float-equipment-market The centralizers and float equipment market is highly dispersed in nature and is characterized by the presence of a limited number of players operating at a large scale. Top five market players accounted for more than 60% market share in 2018 and remaining market share was shared by hundreds of small companies. More Related Reports by P&S Intelligence Control Valves Market The APAC control valves market is expected to grow at a CAGR of 6.9% and 7.5% in terms of volume and value, respectively, during 2018–2023. The high demand for such valves is driven by its growing penetration in the different industries. Partnerships and client wins are some of the major developments which will further boost the market. For instance, in 2017, Metso Corporation announced that it received four major valve orders from the oil and gas industry. The orders include approximately 2,500 Neles ball, segment, and butterfly valves which are used in different processes such as coal gasification and ethylene cracking. Fire Extinguishers Market Globally, North America has been leading the fire extinguishers market and is estimated to contribute more than 30.0% share to the market in 2017 in terms of value. U.S. and Canada are two of the world’s most well-developed demand-generating regions that strictly adhere to fire safety norms. Besides, the development of new infrastructure projects in these countries is expected to boost the fire extinguishers market in the coming years. About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. Contact:

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Centek Group Patents

Centek Group has filed 4 patents.

The 3 most popular patent topics include:

  • Abstract algebra
  • Group theory
  • Lie algebras
patents chart

Application Date

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Related Topics

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3/29/2018

11/16/2021

Group theory, Lie algebras, Representation theory, Ring theory, Abstract algebra

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11/16/2021

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Related Topics

Group theory, Lie algebras, Representation theory, Ring theory, Abstract algebra

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