Press release
Global Drill Pipe Market: Technological Advancement, Demand, Research Review and Upcoming Trends Forecast to 2023
Market Highlights:-
Drill Pipe plays a crucial role in oil and gas exploration activities as they have to withstand enormous stress, load and heat during drilling operations. They are a critical part of the drilling operation as any failure can result in delays and operation and cost losses. Increasing investment in Oil exploration activities driving the growth of the market. Global oil and gas operators are stepping up the oil the gas exploration activities despite the recent slump in the oil prices. For instance, since 2009 oil exploration drilling in Norway accounted for about 12% of total investment in oil and natural gas extraction process. Additionally, increased demand for oil in Asia-Pacific region also provide further boost to the market. However, stringent regulations for drilling activities may hamper the growth of the market.
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TOP KEY PLAYER: -
• Drill Pipe International Llc.
• Hilong Group.
• Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd.
• National Oilwell Varco.
• RK Pipe LLC.
• Superior Drill Pipe Manufacturing, Inc.
• Tejas Tubular Products Inc.
Segmentation:-
The scope of the study segments the Global Drill Pipe market by its Application, Grade, and by Region.
By Application
Onshore
Offshore
By Grade
API
Premium
By Region
North America
Asia Pacific
Europe
Rest of the World
Table of Content:-
TABLE 1 MARKET SYNOPSIS
TABLE 2 GLOBAL DRILL PIPE MARKET, BY APPLICATION, 2018-2023 (USD MILLION)
TABLE 3 GLOBAL DRILL PIPE MARKET, BY GRADE, 2018-2023 (USD MILLION)
TABLE 4 GLOBAL DRILL PIPE MARKET, API GRADE SPECIFICATION
TABLE 5 GLOBAL DRILL PIPE MARKET, BY REGION, 2018-2023 (USD MILLION)
TABLE 6 NORTH AMERICA: GLOBAL DRILL PIPE MARKET, BY COUNTRY, 2018-2023 (USD MILLION)
TABLE 7 NORTH AMERICA: GLOBAL DRILL PIPE MARKET, BY APPLICATION, 2018-2023 (USD MILLION)
TABLE 8 NORTH AMERICA: GLOBAL DRILL PIPE MARKET, BY GRADE, 2018-2023 (USD MILLION)
To be continued.......
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Regional Analysis:-
The global drill pipe market was led by North America, with a 39.1% share, followed by Europe and Asia-Pacific with shares of 20.2% and 13.5%, respectively. The global drill pipe market has been segmented based grade, application and by region. On the basis of application, onshore accounted for the largest market share of 56% in 2016, with a market value of USD 564.7 million and is projected to grow at a CAGR of 2.12% during the forecast period. Based on grade, API grade accounted for the largest market share of 75.4 % in 2016, with a market value of USD 725.6 million and is projected to grow at a CAGR of 3.15% during the forecast period.
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