Report Description

Saudi Arabia oilfield catwalks market is expected to register a high CAGR  during the forecast period owing to maximizing of output from the oil reservoirs. Surge in the demand for the oilfield excavation for effective oil output is expected to drive the growth of the Saudi Arabia oilfield catwalk market in the upcoming years.

Oilfield catwalks are pipe handling systems used to move equipment and tubular objects from the surface to the drill floor. These are elongated platforms that are planted relatively close to the rig floor and are used to lay out pipe before it is lifted into the rig. The machinery is commonly radio controlled from the drill floor and has an integrated indexer. The equipment is typically 0.9 meters tall and made of steel. The oilfield catwalks run perpendicular to the inverted V-shaped opening known as a vee-door. The catwalks serve as a functional area for drilling tool activities, components, and tools that have been picked up or are about to be laid down.

A catwalk system is an essential component of oil and gas drilling operations. On oil and gas drilling sites, the production area where equipment is kept is typically an oilfield catwalk. The catwalk allows workers to walk to the raised platform rather than descending all the way from the rig to get the tool, also ensure that materials are raised and stored on the rig in an efficient and safe manner.

Growing Oil Industry

The Saudi oil industry is rapidly expanding and accounts for more than half of the country's economy. One of the key factors driving the growth of the Saudi Arabia oilfield catwalks market in the coming years is the rise in demand for oil and petroleum products. With an increase in demand, more excavation and oil extraction from reserves are happening, which is increasing the demand for tools, equipment, and machinery for these activities, thus further supporting the expansion of the Saudi Arabia oilfield catwalks market over the years.

Saudi Arabia's current consumption trend ensures that the country's active reserves would last more than 200 years. Even though more sites for excavation and oil extraction are being researched at a rapid pace. Growing excavation necessitates technologically advanced equipment and tools, which will play a critical role in the growth of the Saudi Arabia oilfield catwalks market.

Technological Advancements in Oilfield Equipment

Technological advancements in oilfield equipment and techniques have resulted in the exploration of oil and gas sources to meet the increasing energy needs. Newly developed technology enables faster energy production and increase production of oil and natural gas. For example, automatic catwalk machine improves the automation of drilling rigs and meet the requirements of safety and efficiency. It is capable to adapt and deliver a single load in a short period of time and is usually placed near the drill hole to minimize the transportation time.

Rise in Innovations and Developments from Market Players  

The rapid urbanization and industrialization of the world has led to a rise in the demand for oil. Oil and gas production are crucial to development as they are widely used in power generation, transportation, manufacturing, and a variety of other applications. Furthermore, to attract energy investors, many governments are increasing their capital expenditure (CAPEX). As a result, the Saudi Arabia Oilfield Catwalks market is expected to expand in upcoming years.


Download Free Sample Report

Market Segmentation

The Saudi Arabia Oilfield Catwalks Market is divided into type, application, and location. Based on type, the market is divided into mechanized, hydraulic, and automated. On the basis of application, the market is divided into rod handling, productivity, cycle time, rapid rig-up, and wireless control system. On the basis of location, the market is bifurcated into onshore and offshore.

Market Players

Forum Energy Technologies - Valve Solutions, Bentec GmbH Drilling & Oilfield Systems, National Oilwell Varco, Schlumberger - Saudi Arabia, Weatherford Energy Services Saudi Arabia Co. Ltd, Ja-Co Welding & Consulting Ltd, Oilfields Supply Company, and Sinopec Oilfield Equipment Corporation, are some of the major market players operating in the market.The key players have formed many key developments and strategies to drive the Saudi Arabia oilfield catwalks market.

Key developments

In March 2021, Red Sea International Co. signed a contract worth USD 19 million with Schlumberger to support its oil drilling operations in the Eastern region.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2023 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023 – 2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

·         Type

·         Application

·         Location

Regional scope

Riyadh, Makkah, Eastern Province, Rest of Saudi Arabia

Key companies profiled

Forum Energy Technologies - Valve Solutions, Bentec GmbH Drilling & Oilfield Systems, National Oilwell Varco, Schlumberger - Saudi Arabia, Weatherford Energy Services Saudi Arabia Co. Ltd, Ja-Co Welding & Consulting Ltd, Oilfields Supply Company, and Sinopec Oilfield Equipment Corporation.

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Saudi Arabia Oilfield Catwalks Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

·         Saudi Arabia Oilfield Catwalks Market, By Type:

o   Mechanized

o   Hydraulic

o   Automated

·         Saudi Arabia Oilfield Catwalks Market, By Application:

o   Rod Handling

o   Productivity

o   Cycle Time

o   Rapid Rig-Up

o   Wireless Control System

·         Saudi Arabia Oilfield Catwalks Market, By Location:

o   Onshore

o   Offshore

·         Saudi Arabia Oilfield Catwalks Market, By Region:

o   Riyadh

o   Makkah

o   Eastern Province

o   Rest of Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Oilfield Catwalks Market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players.

Saudi Arabia Oilfield Catwalks Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on the Saudi Arabia Oilfield Catwalks Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Supplier

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

6.    Saudi Arabia Oilfield Catwalks Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (Mechanized, Hydraulic, Automated)

6.2.2.    By Application (Rod Handling, Productivity, Cycle Time, Rapid Rig-Up, Wireless Control System)

6.2.3.    By Location (Onshore, Offshore)

6.2.4.    By Region (Riyadh, Makkah, Eastern Province, Rest of Saudi Arabia)

6.2.5.    By Company (2022)

6.3.  Market Map

6.4.  Value Chain Analysis

6.5.  Regulatory and Standardizations Related to Oilfield Catwalks Market​

6.6.  Porter's Five Forces Analysis

6.6.1.    The Threat of New Entrants

6.6.2.    Bargaining Power of Buyers/Consumers

6.6.3.    Bargaining Power of Suppliers

6.6.4.    The Threat of Substitute Types

6.6.5.    The Intensity of Competitive Rivalry

7.    Riyadh Oilfield Catwalks Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Location

8.    Makkah Oilfield Catwalks Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Location

9.    Eastern Province Oilfield Catwalks Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Location

10. Rest of Saudi Arabia Oilfield Catwalks Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Location

11. Market Dynamics

11.1.             Drivers

11.1.1. Demand for the oilfield excavation  

11.1.2. Maximizing output of the oil reservoirs

11.1.3. Surging demand for oil and gas

11.2.             Challenges

11.2.1. High oil production costs (exploration and development costs)

11.2.2. High standards and regulations

12. Market Trends & Developments

12.1.             Trends and Developments

12.1.1. Ease of foreign investment regulations

12.1.2. Localization of manufacturing and services

12.1.3. Rise in strategies and developments from market players

12.1.4. Increasing demand for the oil and gas by automotive and other industries

12.1.5. Technological advancements in oilfield equipment   

13. Company Profiles

13.1.             Forum Energy Technologies - Valve Solutions

13.1.1. Business Overview

13.1.2. Key Revenue and Financials (if available)

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Type/Services

13.1.6. SWOT Analysis

13.2.             Bentec GmbH Drilling & Oilfield Systems

13.2.1. Business Overview

13.2.2. Key Revenue and Financials (if available)

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Type/Services

13.2.6. SWOT Analysis

13.3.             National Oilwell Varco

13.3.1. Business Overview

13.3.2. Key Revenue and Financials (if available)

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Type/Services

13.3.6. SWOT Analysis

13.4.             Schlumberger - Saudi Arabia

13.4.1. Business Overview

13.4.2. Key Revenue and Financials (if available)

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Type/Services

13.4.6. SWOT Analysis

13.5.             Weatherford Energy Services Saudi Arabia Co. Ltd

13.5.1. Business Overview

13.5.2. Key Revenue and Financials (if available)

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Type/Services

13.5.6. SWOT Analysis

13.6.             Ja-Co Welding & Consulting Ltd

13.6.1. Business Overview

13.6.2. Key Revenue and Financials (if available)

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Type/Services

13.6.6. SWOT Analysis

13.7.             Oilfields Supply Company

13.7.1. Business Overview

13.7.2. Key Revenue and Financials (if available)

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Type/Services

13.7.6. SWOT Analysis

13.8.             Sinopec Oilfield Equipment Corporation

13.8.1. Business Overview

13.8.2. Key Revenue and Financials (if available)

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Type/Services

13.8.6. SWOT Analysis

14. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The major market players in the Saudi Arabia Oilfield Catwalks Market are Forum Energy Technologies - Valve Solutions, Bentec GmbH Drilling & Oilfield Systems, National Oilwell Varco, Schlumberger - Saudi Arabia, Weatherford Energy Services Saudi Arabia Co. Ltd, Ja-Co Welding & Consulting Ltd, Oilfields Supply Company, and Sinopec Oilfield Equipment Corporation. The companies are actively investing in the research and development of the Oilfield Catwalks Market.

down-arrow

The major segments in the Saudi Arabia Oilfield Catwalks Market are type, application, and location. The construction segment is expected to register the highest CAGR during the forecast period.

down-arrow

The significant advantage of using Oilfield Catwalks Market is that it reduces tubular control and minimize operating hazards.

down-arrow

High cost is a significant challenge for the Oilfield Catwalks Market

profile

Parvati Sharma

Account Manager BD
Press Release

Saudi Arabia Oilfield Catwalks Market to Register an exceptional CAGR through 2028

Dec, 2022

Increase in demand for oil and gas is a significant factor driving the growth of the Saudi Arabia Oilfield Catwalks Market in the forecast period of 2023-2028.