Current Status and Future Development Trends of China's Christmas Tree System Market

Both surface wells and subsea wells use Christmas tree systems. The type of tree is usually identified as "submarine tree" or "surface tree". There are many variations in each of these categories. Examples of the seabed include conventional, double hole, single hole, TFL (Straight Through Flow Line), horizontal, mud line, mud line level, side valve and TBT (through tree) tree. The installed deep submarine trees are located in the Gulf of Mexico, approximately 9,000 feet (2,700 m). (The current technical limit is about 3000 meters, the operating temperature is -50°F to 350°F, and the pressure is up to 15,000 psi)

According to the QYR survey results, the total value of the global Christmas tree system market reached xx billion yuan in 2018, and it is expected to grow to xx billion yuan in 2025, with a compound annual growth rate (CAGR) of xx%.