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(Transportation-News.com, March 01, 2019 )
As per the latest market intelligence report published by Stratview Research, the North American Spoolable Pipe Market is anticipated to reach at US$ 650.1 million by 2022.
The research studies North American Spoolable Pipe Market in the trend period of 2011 to 2016 and forecasted period of 2017 to 2022 under seven segments by Reinforcement Type (Fiber Reinforcement and Steel Reinforcement), by Product Type (Spoolable Composite Pipe and Reinforced Thermoplastic Pipe), by Application Type (Onshore, Offshore, Downhole, Water, and Others), by Diameter Type (Small Diameter and Large Diameter), by User Type (Operator, EPC Contractor, Drilling Contractor, and Others), by Sales Channel Type (Direct Sales and Distributors), and by Country (The USA, Canada, and Mexico), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022
The study finds –
Spoolable pipe have gained a significant acceptance over a period of time and have been replacing steel pipes in the high-pressure applications.
About eight to ten years back, the usage of spoolable pipes in high-pressure applications was at a nascent stage in the North American oil & gas industry. Since then, there has been a transformation in the acceptance of spoolable pipes in the regional oil & gas industry. North America has been the pioneer in the usage of the spoolable pipes.
Click here to read the detailed description: https://www.stratviewresearch.com/143/north-america-spoolable-pipe-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/143/north-america-spoolable-pipe-market.html
North American Spoolable Pipe Market: Highlights
The North American spoolable pipe market offers a healthy growth opportunity for the entire ecosystem and is projected to reach US$ 650.1 million in 2022. The spoolable pipe market includes both spoolable composite pipe (SCP) and reinforced thermoplastic pipe (RTP). Despite the short-term fluctuations in the demand for spoolable pipes driven by decreasing rigs or wells count, the long-term business outlook seems promising with good growth potential over the next five years. An expected recovery in the rigs or wells count; cost competitiveness of spoolable pipes over steel pipes; excellent corrosion and erosion resistance; and higher preference of spoolable pipe over steel ones in small diameter pipes are the major factors that are proliferating the growth of the spoolable pipe market.
About Stratview Research
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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