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Bridge Plugs Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028. Segmented By Type (Retrievable Bridge Plugs (RBP) and Non- Retrievable Bridge Plugs), By Condition (High Pressure and Others), By Material (Cast Iron and Composite Plugs), By Application (Offshore & Onshore), By Region, By Competition.

September 2023 | 185 pages | ID: BF0DBAB5204FEN
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Global Bridge Plugs Market is anticipated to grow robustly in the forecast period 2024-2028. Rising oil and gas demand worldwide are the major factor propelling the growth of the global bridge plugs in year 2024-2028. Bridge Plugs are downhole tools slips, a mandrel, and a sealing part made of elastomer. It is routed through a hole and fitted in a casing to separate a lower and higher zone. It can be installed permanently to shut off a well or temporarily to undertake well maintenance. Bridge plugs are essentially utilized to abandon the well following the manufacturing procedure. New developments in the oil and gas sector are improving the sector's effectiveness, safety, and intelligence. To do this, businesses investigate effective and competitive ways to digitize, automate, and address challenging sub-surface engineering issues.

Rapidly rising in demand of oil and Gas Demand and Environmental Concern Fueling the Market Growth.

The market for bridge plugs is propelled by the rising demand for gas and oil. For instance, according to a monthly report from the Organization of the Petroleum Exporting Countries (OPEC), global oil consumption would increase by 2.25 million barrels per day (bpd) or around 2.3% in 2023. Due to which the market is expected to grow in the forecast period.

An open oil & gas well can cause fires and explosions the ignition of combustible vapors or gases poses a fire and explosion danger to anyone working in the oil and gas industries. Wells, trucks, production equipment, or surface equipment such tanks and shale shakers can all produce flammable gases such well gases, vapors, and hydrogen sulfide. Hence environmental concern is taking place due to which bridge plug market is expected to grow in future.

As the industry continues to recover from the epidemic and the obstacles presented by the Omicron variety, global investments in oil and gas would increase by USD26 billion this year. Rystad Energy study predicts that overall oil and gas spending would increase by 4% to USD628 billion this year from USD602 billion in 2021.

Rising upstream oil and gas industry investment driving the global bridge plug market, since a rise of 14% in upstream LNG and gas investments is a key factor. With an increase in investment from USD 131 billion in 2021 to around USD 149 billion in 2022, which has the largest growth this year.

Latest Technological Advancement of One Trip Bridge Plugs Expanding the Market Growth

Bridge plug technological innovations are the most recent trend in the bridge plug industry; drillers employ several types of bridge plugs in the subsurface. Nowadays, the new tool, when used in conjunction with the cement plug in the top portion, improves the accuracy of the plug setting operation and solves the obstacles associated with setting cement plug operations in granite open hole intervals with high leakage.

One trip is sufficient to correctly fix the cement plug and drillable open hole bridge plug, it can be economical in the field. When the cement plug's length was drastically shortened, it showed no movement under a 220 kN load. Since the drillable open hole bridge plug and cement plug may completely fulfil the requirements for MFE tests with liner support in the bottom hole, drillers are turning to open hole bridge plugs since drillers are moving towards one trip bridge plug market.

Latest Environmental, Health, and Safety (EHS) Guidelines related to offshore and onshore oil and gas industry future fueling the market grow with a high CAGR in the forecast period. For instance, The Production Sharing Contract (PSC(Article)'s 14) 'Protection of Environment' clause states that the Contractor is responsible for ensuring environmental protection and resource conservation using cutting-edge technologies, modern oilfield practices, and operational procedures that minimize environmental impact.

Fire or explosion caused by the presence of combustible liquids and gases is one of the main reasons restraining the worldwide market for bridge plugs. A further danger of burns, asphyxiation, cancer, or system corrosion may be present when toxic substances or gases are encountered during these procedures.

Market Segmentation

The Global Bridge Plugs Market is divided into type, condition, material, and application. Based on Type, the market is segmented into Retrievable Bridge Plugs (RBP) and Non- Retrievable Bridge Plugs. Based on Condition, the market is divided into High Pressure and Others, Based on Material, the market is split into Cast Iron and Composite Plugs. Based on Application, the market is segmented into offshore and onshore.

Market player

Major market players in the Global Bridge Plugs Market are Omega Well Intervention, Halliburton, Baker Hughes, Schlumberger, Rubicon Oilfield International, D&L Oil Tools, Interwell, Coretrax, Avalon Global Research, Peak Completion Technologies.

Report Scope:

In this report, Global Bridge Plugs Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
    • Bridge Plugs Market, By Type:
    • Retrievable Bridge Plugs (RBP)
    • Non- Retrievable Bridge Plugs
    • Bridge Plugs Market, By Condition:
    • High Pressure
    • Others
    • Bridge Plugs Market, By Material:
    • Cast Iron
    • Composite Plugs
    • Bridge Plugs Market, By Application:
    • Offshore
    • Onshore
    • Bridge Plugs Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Asia-Pacific
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malayasia
      • China
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Poland
      • Denmark
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Peru
      • Chile
    • Middle East
      • Saudi Arabia
      • South Africa
      • UAE
      • Iraq
      • Turkey
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Bridge Plugs Market.

Available Customizations:

Global Bridge Plugs Market report 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 (up to five).
roduct Overview

2. RESEARCH METHODOLOGY


3. IMPACT OF COVID-19 GLOBAL BRIDGE PLUGS MARKET


4. EXECUTIVE SUMMARY


5. VOICE OF CUSTOMERS


6. GLOBAL BRIDGE PLUGS MARKET

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Type (Retrievable Bridge Plugs (RBP) and Non- Retrievable Bridge Plugs)
  6.2.2. By Condition (High Pressure and Others)
  6.2.3. By Material (Cast Iron and Composite Plugs)
  6.2.4. By Application (Offshore & Onshore)
  6.2.5. By Region
6.3. By Company
6.4. Market Map

7. NORTH AMERICA BRIDGE PLUGS 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 Condition
  7.2.3. By Material
  7.2.4. By Application
  7.2.5. By Country
7.3. North America: Country Analysis
  7.3.1. United States Bridge Plugs Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Type
      7.3.1.2.2. By Condition
      7.3.1.2.3. By Material
      7.3.1.2.4. By Application
  7.3.2. Canada Bridge Plugs Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Type
      7.3.2.2.2. By Condition
      7.3.2.2.3. By Material
      7.3.2.2.4. By Application
  7.3.3. Mexico Bridge Plugs Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Type
      7.3.3.2.2. By Condition
      7.3.3.2.3. By Material
      7.3.3.2.4. By Application

8. ASIA-PACIFIC BRIDGE PLUGS 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 Condition
  8.2.3. By Material
  8.2.4. By Application
  8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
  8.3.1. China Bridge Plugs Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Type
      8.3.1.2.2. By Condition
      8.3.1.2.3. By Material
      8.3.1.2.4. By Application
  8.3.2. India Bridge Plugs Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Type
      8.3.2.2.2. By Condition
      8.3.2.2.3. By Material
      8.3.2.2.4. By Application
  8.3.3. Japan Bridge Plugs Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Type
      8.3.3.2.2. By Condition
      8.3.3.2.3. By Material
      8.3.3.2.4. By Application
  8.3.4. South Korea Bridge Plugs Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Type
      8.3.4.2.2. By Condition
      8.3.4.2.3. By Material
      8.3.4.2.4. By Application
  8.3.5. Australia Bridge Plugs Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Type
      8.3.5.2.2. By Condition
      8.3.5.2.3. By Material
      8.3.5.2.4. By Application
  8.3.6. Singapore Bridge Plugs Market Outlook
    8.3.6.1. Market Size & Forecast
      8.3.6.1.1. By Value
    8.3.6.2. Market Share & Forecast
      8.3.6.2.1. By Type
      8.3.6.2.2. By Condition
      8.3.6.2.3. By Material
      8.3.6.2.4. By Application
  8.3.7. Malaysia Bridge Plugs Market Outlook
    8.3.7.1. Market Size & Forecast
      8.3.7.1.1. By Value
    8.3.7.2. Market Share & Forecast
      8.3.7.2.1. By Type
      8.3.7.2.2. By Condition
      8.3.7.2.3. By Material
      8.3.7.2.4. By Application

9. EUROPE BRIDGE PLUGS 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 Condition
  9.2.3. By Material
  9.2.4. By Application
  9.2.5. By Country
9.3. Europe: Country Analysis
  9.3.1. Germany Bridge Plugs Market Outlook
    9.3.1.1. Market Size & Forecast
    9.3.1.2. By Value
    9.3.1.3. Market Share & Forecast
      9.3.1.3.1. By Type
      9.3.1.3.2. By Condition
      9.3.1.3.3. By Material
      9.3.1.3.4. By Application
  9.3.2. United Kingdom Bridge Plugs Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Type
      9.3.2.2.2. By Condition
      9.3.2.2.3. By Material
      9.3.2.2.4. By Application
  9.3.3. France Bridge Plugs Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Type
      9.3.3.2.2. By Condition
      9.3.3.2.3. By Material
      9.3.3.2.4. By Application
  9.3.4. Russia Bridge Plugs Market Outlook
    9.3.4.1. Market Size & Forecast
      9.3.4.1.1. By Value
    9.3.4.2. Market Share & Forecast
      9.3.4.2.1. By Type
      9.3.4.2.2. By Condition
      9.3.4.2.3. By Material
      9.3.4.2.4. By Application
  9.3.5. Spain Bridge Plugs Market Outlook
    9.3.5.1. Market Size & Forecast
      9.3.5.1.1. By Value
    9.3.5.2. Market Share & Forecast
      9.3.5.2.1. By Type
      9.3.5.2.2. By Condition
      9.3.5.2.3. By Material
      9.3.5.2.4. By Application
  9.3.6. Poland Bridge Plugs Market Outlook
    9.3.6.1. Market Size & Forecast
      9.3.6.1.1. By Value
    9.3.6.2. Market Share & Forecast
      9.3.6.2.1. By Type
      9.3.6.2.2. By Condition
      9.3.6.2.3. By Material
      9.3.6.2.4. By Application
  9.3.7. Italy Bridge Plugs Market Outlook
    9.3.7.1. Market Size & Forecast
      9.3.7.1.1. By Value
    9.3.7.2. Market Share & Forecast
      9.3.7.2.1. By Type
      9.3.7.2.2. By Condition
      9.3.7.2.3. By Material
      9.3.7.2.4. By Application
  9.3.8. Denmark Bridge Plugs Market Outlook
    9.3.8.1. Market Size & Forecast
      9.3.8.1.1. By Value
    9.3.8.2. Market Share & Forecast
      9.3.8.2.1. By Type
      9.3.8.2.2. By Condition
      9.3.8.2.3. By Material
      9.3.8.2.4. By Application

10. SOUTH AMERICA BRIDGE PLUGS 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 Condition
  10.2.3. By Material
  10.2.4. By Application
  10.2.5. By Country
10.3. South America: Country Analysis
  10.3.1. Brazil Bridge Plugs Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Type
      10.3.1.2.2. By Condition
      10.3.1.2.3. By Material
      10.3.1.2.4. By Application
  10.3.2. Argentina Bridge Plugs Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Type
      10.3.2.2.2. By Condition
      10.3.2.2.3. By Material
      10.3.2.2.4. By Application
  10.3.3. Colombia Bridge Plugs Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Type
      10.3.3.2.2. By Condition
      10.3.3.2.3. By Material
      10.3.3.2.4. By Application
  10.3.4. Peru Bridge Plugs Market Outlook
    10.3.4.1. Market Size & Forecast
      10.3.4.1.1. By Value
    10.3.4.2. Market Share & Forecast
      10.3.4.2.1. By Type
      10.3.4.2.2. By Condition
      10.3.4.2.3. By Material
      10.3.4.2.4. By Application
  10.3.5. Chile Bridge Plugs Market Outlook
    10.3.5.1. Market Size & Forecast
      10.3.5.1.1. By Value
    10.3.5.2. Market Share & Forecast
      10.3.5.2.1. By Type
      10.3.5.2.2. By Condition
      10.3.5.2.3. By Material
      10.3.5.2.4. By Application

11. MIDDLE EAST & AFRICA BRIDGE PLUGS MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value
11.2. Market Share & Forecast
  11.2.1. By Type
  11.2.2. By Condition
  11.2.3. By Material
  11.2.4. By Application
  11.2.5. By Country
11.3. Middle East & Africa: Country Analysis
  11.3.1. Saudi Arabia Bridge Plugs Market Outlook
    11.3.1.1. Market Size & Forecast
      11.3.1.1.1. By Value
    11.3.1.2. Market Share & Forecast
      11.3.1.2.1. By Type
      11.3.1.2.2. By Condition
      11.3.1.2.3. By Material
      11.3.1.2.4. By Application
  11.3.2. South Africa Bridge Plugs Market Outlook
    11.3.2.1. Market Size & Forecast
      11.3.2.1.1. By Value
    11.3.2.2. Market Share & Forecast
      11.3.2.2.1. By Type
      11.3.2.2.2. By Condition
      11.3.2.2.3. By Material
      11.3.2.2.4. By Application
  11.3.3. UAE Bridge Plugs Market Outlook
    11.3.3.1. Market Size & Forecast
      11.3.3.1.1. By Value
    11.3.3.2. Market Share & Forecast
      11.3.3.2.1. By Type
      11.3.3.2.2. By Condition
      11.3.3.2.3. By Material
      11.3.3.2.4. By Application
  11.3.4. Iraq Bridge Plugs Market Outlook
    11.3.4.1. Market Size & Forecast
      11.3.4.1.1. By Value
    11.3.4.2. Market Share & Forecast
      11.3.4.2.1. By Type
      11.3.4.2.2. By Condition
      11.3.4.2.3. By Material
      11.3.4.2.4. By Application
  11.3.5. Turkey Bridge Plugs Market Outlook
    11.3.5.1. Market Size & Forecast
      11.3.5.1.1. By Value
    11.3.5.2. Market Share & Forecast
      11.3.5.2.1. By Type
      11.3.5.2.2. By Condition
      11.3.5.2.3. By Material
      11.3.5.2.4. By Application

12. MARKET DYNAMICS

12.1. Drivers
12.2. Challenges

13. MARKET TRENDS & DEVELOPMENTS


14. COMPANY PROFILES

14.1. Omega Well Intervention
  14.1.1. Business Overview
  14.1.2. Key Revenue and Financials
  14.1.3. Recent Developments
  14.1.4. Key Personnel
  14.1.5. Key Product/Services
14.2. Halliburton Limited
  14.2.1. Business Overview
  14.2.2. Key Revenue and Financials
  14.2.3. Recent Developments
  14.2.4. Key Personnel
  14.2.5. Key Product/Services
14.3. Baker Hughes Company
  14.3.1. Business Overview
  14.3.2. Key Revenue and Financials
  14.3.3. Recent Developments
  14.3.4. Key Personnel
  14.3.5. Key Product/Services
14.4. Schlumberger Limited
  14.4.1. Business Overview
  14.4.2. Key Revenue and Financials
  14.4.3. Recent Developments
  14.4.4. Key Personnel
  14.4.5. Key Product/Services
14.5. Rubicon Oilfield International
  14.5.1. Business Overview
  14.5.2. Key Revenue and Financials
  14.5.3. Recent Developments
  14.5.4. Key Personnel
  14.5.5. Key Product/Services
14.6. D&L Oil Tools
  14.6.1. Business Overview
  14.6.2. Key Revenue and Financials
  14.6.3. Recent Developments
  14.6.4. Key Personnel
  14.6.5. Key Product/Services
14.7. Interwell
  14.7.1. Business Overview
  14.7.2. Key Revenue and Financials
  14.7.3. Recent Developments
  14.7.4. Key Personnel
  14.7.5. Key Product/Services
14.8. Coretrax
  14.8.1. Business Overview
  14.8.2. Key Revenue and Financials
  14.8.3. Recent Developments
  14.8.4. Key Personnel
  14.8.5. Key Product/Services
14.9. Avalon Global Research,
  14.9.1. Business Overview
  14.9.2. Key Revenue and Financials
  14.9.3. Recent Developments
  14.9.4. Key Personnel
  14.9.5. Key Product/Services
14.10. Peak Completion Technologies
  14.10.1. Business Overview
  14.10.2. Key Revenue and Financials
  14.10.3. Recent Developments
  14.10.4. Key Personnel
  14.10.5. Key Product/Services

15. STRATEGIC RECOMMENDATIONS


16. ABOUT US & DISCLAIMER


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