Oil and Gas Equipment Forgings
Market
Oil and Gas Equipment Forgings Market Scope:
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Oil and Gas Equipment Forgings Market Size and Growth
The Oil and Gas Equipment Forgings market is experiencing growth driven by increasing energy demands and infrastructure investments. The market size is projected to reach approximately $6 billion by 2025, influenced by advancements in forging technologies and rising exploration activities. Key trends include sustainability initiatives and the shift toward renewable energy integration.
Companies Covered
(Covid 19 Impact Covered)
◍ Ellwood Group Incorporated
◍ Metalcam Group
◍ Siderforgerossi Group
◍ Lucchini Mamé Forge
◍ Manoir Industries
The Oil and Gas Equipment Forgings Market features leading companies like Ellwood Group, Metalcam Group, and Siderforgerossi. These firms produce high-quality forgings for drilling, pipelines, and machinery, driving market growth through innovation and customized solutions. Sales revenues for select firms include:
- Ellwood Group: $600 million
- FRISA: $200 million
◍ Nanjing Develop Advanced Manufacturing
◍ FRISA
◍ Patriot Forge
◍ Aubert & Duval
◍ Somers Forge
◍ Scot Forge
◍ Zhangjiagang Haiguo New Energy Equipment
- Scot Forge: $120 million.
Market Segmentation
By Application
◍ Onshore Mining Equipment
◍ Underwater Mining Equipment
By Product
◍ Wellhead and Christmas Tree
Components ◍ Deepwater Equipment Components
◍ Fracturing Equipment Components
◍ Drilling Equipment Components
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Market Growth
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$ X Billion USD
