Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market Size By Product (Mining, Drilling and Boring, Milling, Flange Facing, Pipe Cutting and Preparation), By Application (Oil and Gas, Energy, Manufacturing, Construction), By Geographic Scope And Forecast
Southern Africa and Africa On Site Machining InPlace Machining and In Situ Machining Market
Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market Size By Product (Mining, Drilling and Boring, Milling, Flange Facing, Pipe Cutting and Preparation), By Application (Oil and Gas, Energy, Manufacturing, Construction), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market Size And Forecast
Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market size was valued at USD 734.19 Million in 2020 and is projected to reach USD 1,288.70 Million by 2028, growing at a CAGR of 7.75% from 2021 to 2028.
The strong oil and gas industry in Africa provides an opportunity for the market to grow in this region over the forecast period. The Southern Africa and Africa report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market Definition
On-site machining? Think of it as bringing the machine shop to the job! It's all about using portable tools to keep things running smoothly with both preventive and corrective maintenance. Lots of industries rely on equipment like flanges, pipes, valves, and those tricky conical seats in power plants, factories, and essential infrastructure. These things need regular check-ups and sometimes, quick fixes. Now, usually, fixing something means taking it apart, carefully packing it up, and hauling it to a workshop equipped with specialized machines. After the work is done – maybe they used a lathe, or a drilling and milling machine – it's back in a box, back to the plant, and reassembled. It's quite a process!
Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market Overview
Africa's been digging into its natural resources, and that's created a real need for on-site machining services to keep things running smoothly in the ongoing oil & gas business. Think about itAfrica's got a ton of oil & gas – we're talking Nigeria, Angola, Algeria, Libya, Egypt and more – all sitting on massive reserves. It's a major player in the global oil & gas game. All that activity means a good chance for the market to grow here. But here's the thingplaces like Mozambique, Botswana, and Namibia are struggling to find enough skilled workers to manage all that heavy equipment. That'll probably mean companies have to spend more on safety and security, which could slow things down a bit.
Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) MarketSegmentation Analysis
The Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market is segmented on the basis of Product, Application, and Geography.
Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market, by Product
• Mining• Drilling and Boring• Milling• Flange Facing• Pipe Cutting and Preparation• Others
To Get Summarized Market Report By Product-
Based on Product, the market is bifurcated into Mining, Drilling and Boring, Milling, Flange Facing, Pipe Cutting and Preparation, and Others. Mining accounted for the largest market share in 2020 The need to cut the downtime to make repairs in the mining field is a major factor likely to drive the growth of the on-site machining market in this segment
Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market, by Application
• Oil and Gas• Energy• Manufacturing• Construction• Others
To Get Summarized Market Report By Application-
On the basis of Application, the market has been segmented into Oil and Gas, Energy, Manufacturing, Construction, and Others. Oil and Gas accounted for the largest market share 2020. . Increasing utilization of on-site machining for the purpose of mining and drilling within the oil and gas industries is propelling the growth of the Southern Africa and Africa on-site machining market.
Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market, by Geography
• Nigeria• South Africa• Egypt• Ethiopia• Botswana• Mozambique• Namibia• Zimbabwe• Rest of Africa
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On the basis of regional analysis, the market is classified into Nigeria, South Africa, Egypt, Ethiopia, Botswana, Mozambique, Namibia, Zimbabwe, and Rest of Africa. Nigeria is expected to hold the largest market share of the On Site Machining (InPlace Machining & In-Situ Machining) over the forecast period followed by South Africa.
Key Players
Want to know what's happening in the "Southern Africa and Africa On Site Machining (InPlace Machining & In-Situ Machining) Market"? This report gives you the inside scoop, focusing on the market and highlighting key players like Metalock Engineering Group, EPCM Holdings, Unique Group, Machine Cutting Services (Pty) Ltd, Surcotec (Pty) Ltd., and Halliburton and Others. We've even got a whole section diving deep into these major players, giving you the lowdown on their finances, products, and a full SWOT analysis. Plus, you'll get a clear picture of the competitive landscape with insights into their strategies, market share, and ranking.
Key Developments
Company Name
Key Development
Description
Unique Group
Agreement
•Unique Group signed a global agreement with JCM Load Monitoring, Aberdeen-based load cell designer and manufacturer.•The agreement includes Unique Group’s worldwide operations through its bases in the US & Canada, Netherlands, UAE, Nigeria, South Africa, India, and Singapore.
Halliburton
Launch
•Halliburton launched the advanced material science completion technology, Ovidius expanding isolation system.•The technology will be used for crashed hole, open hole wellbore isolation and permanent plug and abandonment operations.
Voith
Launch
•Voith announced the launch of on-site machining and service tools capabilities for Southern Africa.•The new services include the refurbishment of plant components in an installed or independent state by linear and circular milling as well as drilling, boring and welding.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2017-2028
BASE YEAR
2020
FORECAST PERIOD
2021-2028
HISTORICAL PERIOD
2017-2019
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Metalock Engineering Group, EPCM Holdings, Unique Group, Machine Cutting Services (Pty) Ltd, Surcotec (Pty) Ltd., and Halliburton and Others.
SEGMENTS COVERED
Product
Application
Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
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Research Methodology of Market Research
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Reasons to Purchase this Report
We take a close look at the market, using both numbers and other insights to break it down into different groups – thinking about things like money and even lifestyle. We'll give you the market value in USD Billion for each of these groups. You'll also see which regions and market segments are likely to grow the fastest and be the biggest. We dive into the geography, showing where the product or service is being used and what's influencing the market in each place. We also map out the competitive landscape, showing how the big players rank, what new things they've launched, who they've partnered with, and any big moves they've made in the last five years. You'll get detailed company profiles, with overviews, insights, product comparisons, and even SWOT analyses for the major companies. We also look at the current and future of the market, considering recent events, growth chances, what's driving it all, and the challenges ahead in both new and established areas. We'll give you an in-depth look at the market using Porter's five forces analysis and explore the value chain to see how everything connects. We'll paint a picture of the market's dynamics, highlighting growth opportunities down the road. And to top it off, you get 6 months of analyst support after the sale!
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