June 27, 2018 - 2:13 PM EDT
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Global Outlook on the Christmas Tree Market to 2022 - Increase in Global Rig Count is Driving the Market - ResearchAndMarkets.com

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The "Global Christmas Tree Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global Christmas tree market is projected to grow at a CAGR of 3.24% during the period 2018-2022.

Global Christmas Tree Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the technological enhancement in Christmas trees. Vendors are upgrading their products with latest technologies including the latest communication technology offering higher subsea reliability, extended service life, and improved environmental monitoring.

According to the report, one of the major drivers for this market is the increase in global rig count. Growing number of rigs is directly proportional to the number of investors and energy-related companies investing in the activities of the oil and gas industry, in turn, boosting the demand for oil and gas equipment such as Christmas tree.

Further, the report states that one of the major factors hindering the growth of this market is the significant growth in the use of renewable sources compared with conventional sources of energy. To reduce the greenhouse effect caused by the combustion of fossil fuels, various governments are encouraging the use of renewable sources of energy like biofuels, solar and wind energy, which, in turn, might result in the declining growth of the market.

Key Vendors

  • Aker Solutions
  • Dril-Quip
  • General Electric
  • Halliburton
  • Schlumberger
  • TechnipFMC

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Introduction

5. Market Landscape

6. Market Sizing

7. Five Forces Analysis

8. Market Segmentation by Application

9. Customer Landscape

10. Regional Landscape

11. Decision Framework

12. Drivers and Challenges

13. Market Trends

14. Vendor Landscape

15. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/tzrnmq/global_outlook_on?w=4

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Related Topics: Oilfield Equipment and Services


Source: Business Wire (June 27, 2018 - 2:13 PM EDT)

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