Global Inflatable Packers Market Size, Trends, and Analysis - Forecasts To 2026 By Application (Pumping, Injection, Grouting, Flow Control, Testing, Hydrofracturing, Sampling), By Packer Type (Sliding-End Inflatable Packer, Fixed-End Inflatable Packer, Steel Fortified Inflatable Packer, Wire Line Inflatable Packer), By End-User (Construction, Mining, Oil and Gas, Water Resource), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Inflatable Packers Market: Insights
An inflatable packer is a cylindrical membrane used to separate parts in both wells and boreholes.
The global market for inflatable packers will record high growth between 2021-2026, due to the growing demand from mining industries. Inflatable technology is implemented and adopted in various challenging operations in the gas, oilfield, and underground mining activities. The packers are used for various applications such as borehole measurement, tunneling, and drilling, among others.
One of the main benefits of inflatable packers is that they are robust to withstand challenges and extremities during projects and easily pass through restrictions. The Inflatable packers are available in different diameters ranging from 20 m to 200 mm in the market space. For more than forty decades, the products are widely used in the oil industry. With the rise in the availability of these packers designed precisely for economical use in other sectors, the range of applications has extended to include the mineral, water wells, foundations drilling, and geotechnical industries. For each application, there is a specific packer designed, at a reasonable cost. Large interior diameter and minimal external diameter are vital advantages of inflatable packers, compared to other packer systems. The technology is widely preferred for deep mining activities in mining areas. This impacts the development of tools enabling rock burst mitigation, and deep, high-pressure permeability testing. The growing construction activities and mining activities in the middle east Africa region are also supporting the market growth. The growing investments in infrastructure activities in developing nations are positively impacting the market growth. The increasing adoption of advanced machinery in mining activities and rapid development of easy handling types of machinery is also boosting the market growth.
Inflatable Packers Market: By Application
The application segment includes pumping, injection, grouting, flow control, testing, hydrofracturing, and sampling among others. The grouting segment is the highest revenue-generating segment among all application segments. This is due to its implementation in many areas like completions, foundations work, operations, casing repair, among many others. The surge in residential and commercial construction projects globally is positively impacting the segment growth.
Inflatable Packers Market: By Packer Type
Based on the packer type, the market is considered into the sliding-end inflatable packer, fixed-end inflatable packer, steel fortified inflatable packer, and wireline inflatable packer among others.
The sliding-end packer is the most commonly used packer type among end-users. The market for sliding end packers will be high and estimated to grow rapidly between the forecast period. These packers are available in three styles namely non reinforced, fully, and partially reinforced. It allows the element gland to slide to one end. The sliding-end packer is best for open borehole activities and high-pressure applications. The pressure of these packers ranges between 100 to 5,000 PSI. The wireline inflatable packer segment is also expected to show decent growth in the global market. Wireline packer is a time-saving technique and used for core drilling activities.
Inflatable Packers Market: By End-User
Based on the end-users, the market is explained into four parts namely: construction, mining, oil and gas, and water resource. The water resource is the leading segment among end-users. Typically, inflatable packers are used in very shallow groundwater for monitoring operations. At these current times, inflatable packers play a significant role in injections in nearly every field of boring technology, tunneling, and unique civil engineering.
The construction segment is undergoing a substantial growth rate, due to growing infrastructure developments globally. Moreover, governments worldwide are implementing initiatives to develop highways, infrastructure, and others in diverse regions. The worldwide mining industry has also steadily improved over the years. In the wake of the global economic recession and financial crisis, this sector endured an extended period of inactivity. Furthermore, the growing demand for minerals, globally united with stabilized metal prices is anticipated to boost the mining industry over the next few years, which is expected to propel the Inflatable Packers market’s growth over the estimated period.
Inflatable Packers Market: By Region
The dominant market segment is held by the Asia-Pacific region in terms of revenue generation. This is attributed to the profitable opportunities due to the infrastructure investment and rise in refineries, in developing countries like China and India.
Countries including the U.S., China, Australia, Russia, Saudi Arabia, India, and Indonesia are among the top mineral producers across the globe. The growing usage of inflatable packers in developing countries for various mining and drilling activities is supporting the market growth.
The construction industry in the Middle East, Latin America, and Africa have orchestrated a vital role in its growth and development. For example, the domination of large-scale players involved in heavy construction such as industrial, housing, and civil work, has been observed in the U.A.E. construction industry. This is fuelled by increasing investments in the construction sector due to government efforts in diversifying the economy. Expanding the scale of infrastructural investment in nations is expected to drive inflatable packers' demand during the estimated period.
Inflatable Packers Market: Share & Competitor Analysis
Inflatable Packers International (IPI), Mobile Drill Intl (USExploration Equipment Company), SON-MAK, Hebei Huayu, Forum Energy Technologies, International Rubber Product, PetersenTAM International, Inc, Baski Inc., RIPE, Saltel Industries, Desoi, Schlumberger Limited., PetroGasTech LLC, Innovex, Adriatech Drilling Tools, RST Instruments Ltd., Logiball Inc., Geopro S.A., PLUGCO, Baker Hughes (GE Company), ACIM Inflatable Packers, Geomarc, Aardvark Packers, Roctest, Blick Group, QSP, WEBAC, QSP, Sky Quip, Archway, Geodrill Master, Saga, Sigra, Star Packer, among others, are the significant market players.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Inflatable Packers Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Inflatable Packers Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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