Drilling Tools Market Forecasts and Growth Opportunity By Industry Players: Schlumberger, Baker Hughes, Halliburton, Weatherford, National Oilwell Varco etc.

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The drilling tool market is projected to reach US$ 8.61 Billion by 2022, at a CAGR of 4.75%, from 2017 to 2022. Increasing drilling activities and the development of unconventional hydrocarbon resources along with growing energy demand in Asia Pacific are driving the drilling tools market. High maintenance costs and transition time along with an increasing focus on renewable energy sources act as restraints for the market.

Top Key Players in the “Drilling Tools Market” report include are
• Schlumberger (US)
• Baker Hughes (US)
• Halliburton (US)
• Weatherford (Switzerland)
• National Oilwell Varco (US)

Asia Pacific is projected to dominate the global drilling tool market during the forecast period due to the increase in drilling activities in China. The country is the largest market in Asia Pacific and is focused on developing its shale gas resources to increase its oil &gas production. The other key markets in Asia Pacific are India, Australia, and Indonesia. Australia aims to be the largest LNG exporting country by 2020 by increasing its gas production.

Access Complete report on Drilling Tools Market spread across 124 Pages, profiling 16 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=1380745 .

The Study Objectives of this report are:

• To provide detailed information about the major factors influencing the growth of the drilling tools industry (drivers, restraints, opportunities, and industry-specific challenges)

• To strategically analyze the drilling tools market with respect to individual growth trends, future prospects, and contribution of each segment to the market

• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the drilling tools industry

• To benchmark players in the market using the proprietary competitive leadership mapping, which analyzes market players on various parameters within the broad categories of business and product strategies

• To strategically profile key players and comprehensively analyze their market shares and core competencies

The target audience of this report includes:
• Oilfield services providers
• Exploration and production companies
• Drilling tool manufacturers and suppliers
• National and international drilling associations

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Research Coverage:
The report provides a picture of the drilling tools market across the oil & gas industry and different regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, application, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

List of Tables
• Drilling Tools Market Snapshot
• Investments in Renewable Energy, By Sector, 2015
• Drilling Tools Market Size, By Application, 2015–2022 (USD Million)
• Onshore: Drilling Tools Market Size, By Region, 2015–2022 (USD Million)
• Offshore: Drilling Tools Market Size, By Region, 2015–2022 (USD Million)
• ….. and more

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This release was published on openPR.