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Global Drill Pipe Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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2015-2019,please mail us at
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Key Trends
Technavio’s Senior Analyst says, “Growing demand for oil and gas worldwide is fueling the market growth. This demand will encourage vendors to make huge investments in advanced oilfield technologies to increase the efficiency and reliability of drill pipes and other drilling equipment.”
• Drill pipes are an essential part of the drill string. They form the longest component of the drill string. Drill pipes are hollow thick-walled steel pipes with threaded connections at both ends. The end with an external thread is known as the male end, whereas the end with an internal thread is known as the female end. The basic purpose of a drill pipe is to provide a connection between the surface equipment and BHA for drilling purposes.
• Technavio's analysts forecast the global drill pipe market to grow at a CAGR of 9.58%, in terms of revenue, over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Drill Pipe Market 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our report:
Global Drill Pipe Market 2015-2019
DP-Master
Hilong
Hunting
DP-Master was established in 2003 and is headquartered in Jiangyin City, Jiangsu Province, China. The company manufactures and markets drill pipes. It offers products such as drill collars, heavy weight drill pipes, and drill string accessories.
Hilong was established in 2008 and is headquartered in Baoshan Industrial Zone, Shanghai, China. It is an investment holding company. It offers services and products that are related to the development and production of petroleum and natural gas.
Hunting was established in 1874 and is headquarter ion London, UK. The company manufactures and distributes products and provides related services, including equipment rental to the international energy sector.
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Market Landscape
• The global drill pipe market is expected to grow rapidly during the forecast period primarily because of increased drilling activities worldwide and rapidly growing demand for oil and gas.
• The demand for oil and gas is expected to reach 4 GTOE by 2020.
• Therefore, to meet this demand the operators are drilling unconventional, deep, and ultra-deep water reserves, which has propelled the demand for drill pipes.
• Apart from increased drilling activities, the market development is dependent on the efficiency of drill pipes, increased investment by market vendors, and advances in tools technology.
• Vendors worldwide are investing in R&D activities to develop better tools to improve well-drilling efficiency and reduce negative environmental influences of well drilling.
• However, the market is likely to be hindered by the prevailing downward trend in oil prices, which is reducing overall investments in exploration and production activities.
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Key Buying CriteriaGuest Bloggers
• Authenticity • Delivery • Price• Service
Support
Parameter Details
Cost
Cost of drill pipes must be low to ensure economic viability of production.
Efficiency Drill pipes must ensure high resistance to corrosion and erosion.
Environmental Impact Drill pipes must ensure minimum drilling fluid leakage, thus preventing environmental contamination.
Support and Maintenance Maintenance of drill pipes should be low to ensure uninterrupted drilling activities.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Drill Pipe Market 2015-2019
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