- The key vendors in the Global Oil Country Tabular Goods (OCTG) Market 2015-2019 are Nippon Steel and Sumitomo Metal Corp., Tenaris S.A, TMK Group, United States Steel Corp. and Vallourec S.A.
London, 25 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Oil Country Tabular Goods (OCTG) Market 2015-2019. One major trend in the market is increased investment in unconventional oil and gas resources. Many vendors and governments are investing in unconventional oil and gas resources to increase their production to meet growing energy demands. The overall market is expected to grow at a CAGR of 8.1 percent during the forecast period of 2014-2019.
“Many market vendors and governments are investing in unconventional oil and gas resources to increase production to meet the growing demand for energy,” says Faisal Ghaus, Vice President of TechNavio Research.
“It is expected that with increased investments, technology will improve, thereby reducing the risks and costs associated with the extraction of unconventional oil and gas. This is expected to result in the growth of the market during the forecast period.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
