Packer Market: Global Market Analysis and Forecast 2024-2030
Chetana Gardas26 Jul, 2024News
The Global Packer Market was valued as a USD 6.2 Bn market in the year 2023 and is expected to grow at 6.8% CAGR to become a USD 9.83 Bn market by the year 2030. Packer is a tool used in the oil and gas industry to isolate and control fluids in a wellbore. Packers create a seal between the outside of the tool and the inside of the good casing or borehole, preventing the flow of fluids or gases between different zones in the well. This allows operators to control the flow of fluids during drilling, production, and completion operations.
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