Frac Valves Market Summary
According to the new market research report “Global Frac Valves Market Report 2024-2030”, published by QYResearch, the global Frac Valves market size is projected to reach USD 0.2 billion by 2030, at a CAGR of 4.7% during the forecast period.
Figure. Global Frac Valves Market Size (US$ Million), 2019-2030
Figure. Global Frac Valves Top 6 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
According to QYResearch Top Players Research Center, the global key manufacturers of Frac Valves include Schlumberger, AWC Frac Technology, Bestway Oilfield, Jereh, Worldwide Oilfield Machine (WOM), etc. In 2023, the global top four players had a share approximately 82% in terms of revenue.
Market Drivers:
Industry policy support
Wide application of Frac Valves in downstream industry
Launches in introducing new products
Restraint:
Price volatility risk and supply stability risk
Competition from low-end Frac Valves manufacturers is bad for industrial upgrading
Lack of support from upstream/downstream partners as a new entry to the market
For more information, please contact the following e-mail address:
Email: global@qyresearch.com
Website: https://www.qyresearch.com
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