Industrial Automation & Equipment Rig and Oilfield Mats Market | Page 4

Rig and Oilfield Mats Market
Wet and humid conditions, loose soil and growing requirement of stable field operations among end-use
industries is enhancing the demand for rig and oilfield mats as these reduce operational expenditure. Due
to growing demand for matting solutions to provide equipment protection in varying conditions, rig and
oilfield mats will witness growing demand from end-use industries. The oil and gas industry is the
prominent end user of rig and oilfield mats. Remote operations and prevailing wet conditions in end-use
industries are the two factors that will further drive the installation of rig and oilfield mats.
Global Rig and Oilfield Mats Market: Analysis & Forecast
The global market for rig and oilfield mats is expected to witness significant growth in 2018 and will reach
a market value of US$ 1,365.7 Mn, exhibiting a y-o-y growth rate of 4.6% as compared to 2017.
Furthermore, the global demand for rig and oilfield mats will also be influenced by rising exploration and
production and drilling operations in the oil and gas industry. Growing population and increasing demand
for electrification will drive the installation of rig and oilfield mats in electrical T&D constructions and
wind turbines. These projects will enhance the demand for rig and oilfield mats during the forecast
period.
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