Global Well Cementing Services Market Size & Outlook
The global well cementing services market size was estimated at USD 8,770.1 million in 2023 and is projected to reach USD 11,608.6 million by 2030, growing at a CAGR of 4.1% from 2024 to 2030.
Revenue, 2023 (US$M)
$8,770.1
Forecast, 2030 (US$M)
$11,608.6
CAGR, 2024 - 2030
4.1%
Report Coverage
Worldwide
Global well cementing services market, 2018-2030 (US$M)
Global well cementing services market highlights
- The global well cementing services market generated a revenue of USD 8,770.1 million in 2023 and is expected to reach USD 11,608.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.1% by 2030.
- In terms of segment, primary accounted for a revenue of USD 8,770.1 million in 2023.
- Primary is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 8,770.1 million |
| Market revenue in 2030 | USD 11,608.6 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Primary |
| Fastest growing segment | Primary |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Primary |
Other key industry trends
- In terms of revenue, the North America accounted for 41.1% of the global well cementing services market in 2023.
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Well Cementing Services Market Scope
Well cementing services market segmentation & scope
Well Type
Oil
Gas
Shale Gas
Deployment Location
Onshore
Offshore
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Russia
Netherlands
Norway
China
India
Japan
Australia
South Korea
Indonesia
Malaysia
Thailand
Brazil
Argentina
Venezuela
South Africa
Saudi Arabia
UAE
Kuwait
Qatar
Oman
Well Cementing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Magnum Cementing Services | View profile | 101-250 | Strathmore, Alberta, Canada, North America | https://www.magnumcement.ca |
| Gulf Energy | View profile | 501-1000 | Muscat, Masqat, Oman, Asia | https://www.gulfenergy-int.com |
| Asian Oilfield Services | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | https://www.asianoilfield.com/ |
| Trican Well Service | View profile | 5001-10000 | Calgary, Alberta, Canada, North America | http://www.tricanwellservice.com/ |
| Calfrac Well Services | View profile | 1001-5000 | Calgary, Alberta, Canada, North America | https://www.calfrac.com |
| Halliburton Co | View profile | 49000 | 3000 North Sam Houston Parkway East, Houston, TX, United States, 77032 | https://www.halliburton.com |
| Schlumberger Ltd | View profile | 111000 | 5599 San Felipe, 17th Floor, Houston, TX, United States, 77056 | https://www.slb.com |
| Baker Hughes Co Class A | View profile | 58000 | 575 North Dairy Ashford Road, Suite 100, Houston, TX, United States, 77079-1121 | https://www.bakerhughes.com |
Global well cementing services market size, by regions, 2018-2030 (US$M)
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