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Global Drill Pipe Market Brief Analysis by Top Key Players RK pipe & supply, Premier Drill Products, Hilong Group, Holly Pipe Corporation, Texas Steel Conversion, Vallourec, Drill Pipe International, TMK Group, Oil Country Tubular Limited & more

10-01-2018 10:24 AM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

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Global Drill Pipe Market Brief Analysis by Top Key Players RK pipe

MarketStudyReport.com Adds New Drill Pipe Market 2018 – 2024 research report providing information and data By Application, By Product, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 410 Pages with table and figures in it.

Companies profiled in this research and active in the Tejas Tubular Products Inc, RK pipe & supply, Premier Drill Products, Jiangyin Long Bright Drill Pipe Manufacturing, Hilong Group, E&M Supply Group, Holly Pipe Corporation, Ferrostaal Piping Supply GmbH, Texas Steel Conversion, Vallourec, Drill Pipe International, TMK Group, Oil Country Tubular Limited, DP-Master industry participants have adopted the strategy of frequent product launches in order to improve customer satisfaction and promote market growth. Moreover, manufacturers are also investing in technological innovation to improve product quality and ensure regulatory compliance.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/467831/

Offshore drill pipe market is predicted to expand over 8% by 2024. Technological enhancements to effectively explore deep-water & ultra-deep-water reserves across different geographical terrains at optimum cost will stimulate the business growth. Favorable regulative policies to improve domestic production from untapped reserves will further drive the product deployment.

Ongoing capital expenditure from independent players along with increasing exploration of unconventional wells will propel the U.S. drill pipe market. As per the U.S. EIA, 44 onshore companies have increased their capital expenditure by 72% between 2015 & 2016 in the country. Moreover, availability of recoverable shale O&G reserves will further drive the product adoption.

Saudi Arabia drill pipe market is predicted to grow over 10% by 2024. Crude oil production targets set by the government along with rising onshore rig count will propel the product demand. For instance, in 2018, Saudi Aramco signed a contract with the National Oilwell Varco based in the U.S. for the manufacture of onshore rigs and other drilling equipment.

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Global Drill Pipe Market is predicted to exceed USD 1 Billion by 2024. Ongoing government ventures to increase crude oil production along with rising investments in upstream sector will propel the product penetration. Increasing primary energy consumption coupled with stabilizing crude prices will further propel the business landscape. For instance, according to the EIA?s Annual Energy Outlook 2018, the U.S. NG consumption across the industrial sector is set to increase by 39% from 25.9 Bcf/d in 2017 to 36.1 Bcf/d by 2050.

Implementation of advanced techniques for crude production including hydraulic drilling in combination with horizontal drilling will drive the drill pipe market. Furthermore, ongoing E&P of unconventional resources will fuel the business growth. According to the Energy Information Administration, tight oil is anticipated to be the prime source of the U.S. oil production accounting for around 70% of the overall output by 2040.

Premium drill pipe market will witness robust growth on account of the product?s aptness for the exploration of deep & ultra-deep-water reservoirs coupled with the ability of these products to function efficiently across difficult geographical regions. API grade drill pipes are favored when compared to premium grade across onshore owing to their cost effectiveness.

Some of the 866 data tables provided in this Network Automation market research include:

TABLE 1 Drill pipe market 360 degree synopsis, 2014 - 2024
TABLE 2 Global market, 2014 - 2017, (Volume & Revenue)
TABLE 3 Global market, 2018 - 2024, (Volume & Revenue)
TABLE 4 Global market by product, 2014 - 2017, (‘000 Feet)
TABLE 5 Global market by product, 2018 - 2024, (‘000 Feet)
TABLE 6 Global market by product, 2014 - 2017, (‘000 Tons)
TABLE 7 Global market by product, 2018 - 2024, (‘000 Tons)
TABLE 8 Global market by product, 2014 - 2017, (USD Million)
TABLE 9 Global market by product, 2018 - 2024, (USD Million)
TABLE 10 Global market by application, 2014 - 2017, (‘000 Feet)
TABLE 11 Global market by application, 2018 - 2024, (‘000 Feet)
TABLE 12 Global market by application, 2014 - 2017, (‘000 Tons)
TABLE 13 Global market by application, 2018 - 2024, (‘000 Tons)
TABLE 14 Global market by application, 2014 - 2017, (USD Million)
TABLE 15 Global market by application, 2018 - 2024, (USD Million)
TABLE 16 Global market by region, 2014 - 2017, (‘000 Feet)
TABLE 17 Global market by region, 2018 - 2024, (‘000 Feet)
TABLE 18 Global market by region, 2014 - 2017, (‘000 Tons)
TABLE 19 Global market by region, 2018 - 2024, (‘000 Tons
TABLE 20 Global market by region, 2014 - 2017, (USD Million)
TABLE 21 Global market by region, 2018 - 2024, (USD Million)
TABLE 22 Industry impact forces
TABLE 23 Global market from API grade, 2014 - 2017, (Volume & Revenue)
TABLE 24 Global market from API grade, 2018 - 2024, (Volume & Revenue)
TABLE 25 Global market by region by API grade, 2014 - 2017, (‘000 Feet)

For More Details about this report: https://www.marketstudyreport.com/reports/drill-pipe-market

Related Report:

Global and Chinese Wired Drill Pipe Industry, 2018 Market Research Report

Global and Chinese Wired Drill Pipe Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Wired Drill Pipe industry with a focus on the Chinese market. The report provides key statistics on the market status of the Wired Drill Pipe manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for each company. Through the statistical analysis, the report depicts the global and Chinese total market of Wired Drill Pipe industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. The report then estimates 2018-2023 market development trends of Wired Drill Pipe industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Wired Drill Pipe Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2013-2023 global and Chinese Wired Drill Pipe industry covering all important parameters.

https://www.marketstudyreport.com/reports/global-and-chinese-wired-drill-pipe-industry-2018-market-research-report?utm_source=RR-AN

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