Drill Pipe Market in the Middle East 2015-2019

Drill Pipe Market in the Middle East 2015-2019

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USA – CANADA – UK – CHINA – INDIA


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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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 invest heavily in advanced oilfield technologies to increase the efficiency and reliability of drill pipes and other drilling equipment. In addition, a rise in the extraction of unconventional oil and gas resources that require enhanced drilling equipment such as high-strength steel drill pipes is contributing significantly to the market revenue.”

• Drill pipes are an essential part of the drill string, forming its longest component. 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 called the female end.

• Technavio's analysts forecast the drill pipe market in the Middle East to grow at a CAGR of 12.04% in terms of revenue during 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:



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Vendors

To understand the vendor landscape and for a full list of vendors view our report:


DP-Master

Schlumberger

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.

Schlumberger was founded by Conrad and Marcel Schlumberger in 1926 and is headquartered in Houston, Texas, US. It is one of the world’s largest oilfield services companies with a variety of business units.

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.




Market Landscape

• The market growth is directly related to the increase in E&P activities in the region.

• The efforts made by Saudi Arabia, Kuwait, Qatar, and Iran to increase their oil production is the key driver of their economies.

• These countries focus on E&P activities to increase their oil production. • Saudi Arabia and the UAE are producing large quantities of oil and gas to

increase their market shares in the global oil and gas industry (specifically as crude oil and gas producers and exporters).

• Therefore, these countries are investing heavily in oil and gas E&P activities.


Key Buying CriteriaGuest Bloggers

• Authenticity • Delivery • Price• Service

Support

Parameter Details

Cost

The cost of drill pipes must be low to ensure economic viability of production.

Efficiency Drill pipes must have high resistance to corrosion and erosion.

Environmental Impact Drill pipes must ensure minimum drilling fluid leakage, thus preventing environmental contamination.

Support and Maintenance The maintenance requirement 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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Drill Pipe Market in the Middle East 2015-2019