According to the new market research report "Hydraulic Workover Unit Market by Application (Onshore, And Offshore), Service (Workover, and Snubbing), Installation (Skid Mount and Trail Mount), Capacity (0 to 50, 50 to 150, and Above 150) and Region - Global Trends and Forecast to 2024", published by MarketsandMarkets™, the Hydraulic Workover Unit Market is expected to grow from USD 9.8 billion in 2019 to USD 12.0 billion by 2024, at a CAGR of 3.97% during the forecast period. The major factors driving the Hydraulic Workover Unit Market include upsurge in oil and gas production after decline in oil prices and growing shale gas production.
The onshore segment is expected to grow at the highest CAGR in the Hydraulic Workover Unit Market during the forecast period
The onshore segment is the fastest growing segment in the Hydraulic Workover Unit Market. North America, followed by the Asia Pacific and the Middle East region, is expected to be the most attractive in this segment, becausecontinue reading →