Press release
Drill Pipe Market Size, Share, Competitive landscape And Industry Expansion Strategies by 2023
Drill Pipe is a thin-walled, hollow, aluminum or steel alloy piping, which is primarily used in drilling rigs. They have mainly two applications, which are onshore and offshore. The exploration and production (E&P) of crude oil take place onshore rather than offshore but recent trends suggest offshore explorations have gradually increased in Middle East and Africa region.
The latest advancements in the drilling technology, pad drilling and horizontal drilling techniques have increased drilling efficiency, thus lowering drilling rig downtime, which results in optimum drilling operations. More advancement has been observed in drill bit technology, artificial lift, directional drilling and well completion will certainly boost the drill pipe market. Factors such as continuous growth in demand of oil & gas supply for various industrial, transportation and domestic use are the major growth drivers of drill pipe market in upcoming decade.
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The global drill pipe market is expected to grow at a CAGR of 3.47% during the forecast period.
Key Players:
The key players of global drill pipe market are DP Master Manufacturing Pvt Ltd. (China), Drill Pipe International Llc. (USA), Hilong Group. (China), Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd. (China), National Oilwell Varco. (USA), Oil Country Tubular Limited. (India), RK Pipe LLC. (USA), Superior Drill Pipe Manufacturing, Inc. (USA), Tejas Tubular Products Inc.(USA), Tenaris S.A.(Luxembourg), Texas Steel Conversion Inc.(USA), TMK Group. (Russia), TPS-Technitube Röhrenwerke (Germany) and Vallourec S.A. (France).
Study Objectives of Drill Pipe Market:
To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global drill pipe market.
To provide insights about factors affecting the market growth
To analyze the global drill pipe market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by material type, product, application and region
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Drill Pipe Market.
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Intended Audience:
Distributer & Supplier companies
End Users
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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