openPR Logo
Press release

Drill Pipe Market Key industry participants include DP-Master, Oil Country Tubular Limited, TMK Group, Drill Pipe International, Vallourec, Texas Steel Conversion Premier Drill Products, RK pipe & supply and Tejas Tubular Products

01-18-2019 11:59 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Drill Pipe Market Key industry participants include DP-Master,

Drill Pipe Market size will surpass USD 1 Billion by 2024, as reported in the latest study by Global Market Insights, Inc.

Drill pipe market is set to witness an appreciable growth on account of ongoing government ventures to augment crude production coupled with rising investments across upstream sector. Stabilizing crude oil prices coupled with escalating primary energy consumption will further stimulate the business growth. For instance, as per the International Energy Agency, global oil demand is projected to reach 104.7 mb/d by 2023.

Request for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/796

Implementation of advanced production techniques including horizontal drilling in combination with hydraulic drilling will propel the drill pipe market size. Moreover, ongoing exploration & production of unconventional resources will drive the industry growth. For instance, as per Energy Information Administration (EIA), tight oil is expected to be the leading source of the U.S. accounting for about 70% of total production by 2040.

Report Content
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Drill Pipe Market Industry Insights
Chapter 4 Drill Pipe Market, By Product
Chapter 5 Drill Pipe Market, By Application
Chapter 6 Drill Pipe Market, By Region
Chapter 7 Company Profiles

Saudi Arabia drill pipe market size is anticipated to expand over 10% by 2024. Increasing onshore rig count coupled with crude oil production target set by the government will drive the product adoption. For instance, in 2018, Saudi Aramco, the state-owned oil company signed a deal with the U.S. based National Oilwell Varco Inc. (NOV) for the manufacture of onshore rigs and drilling equipment.
Premium drill pipe market size is set to witness strong growth owing to the product’s suitability for the exploration of deep and ultra-deep-water reservoirs along with the ability to function effectively across difficult geographical terrains. API grade drill pipes are preferred over premium grade across onshore on account of their cost effectiveness.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/796

The U.S. drill pipe market is set to surpass annual deployment of 13 million feet by 2024. Increasing exploration of unconventional wells coupled with ongoing capital expenditure from independent players will stimulate the industry growth in the country. According to the U.S. Energy Information Administration, 44 onshore oil companies have augmented their capex by 72% from 2015 to 2016 in the country. Furthermore, availability of proven technically recoverable shale oil and gas reserves will further enhance the product adoption.
Offshore drill pipe market share is anticipated to witness gains over 8% by 2024. Technological advancements to efficiently explore deep-water and ultra-deep-water reserves in different terrain at an optimum cost will augment the business landscape. Favorable government policies to improve domestic crude production from untapped reserves will further fuel the product adoption.

Browse key industry insights spread across 410 pages with 866 market data tables & 73 figures & charts from the report @ https://www.gminsights.com/industry-analysis/drill-pipe-market

Increasing number of E&P projects in the Amazon region will drive the Latin America drill pipe market growth. In 2016, Petroamazonas signed a treaty worth approx. USD 1 billion to extract 84.6 MMbbl of oil from incremental reserves and increase its output by around 30,000 bbl./day in 2018.

Key industry participants across the drill pipe market include Tenaris, Tejas Tubular Products, Vallourec, Premier Drill Products, DP-Master Manufacturing (S), E&M Supply Group, Ferrostaal Piping Supply, TMK Group, Oil Country Tubular Limited, Drill Pipe International, Texas Steel Conversion, Hilong Group, Holly Pipe Corporation and RK Pipe & Supply.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Explore Our Blog @ http://allnewsmyway.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Drill Pipe Market Key industry participants include DP-Master, Oil Country Tubular Limited, TMK Group, Drill Pipe International, Vallourec, Texas Steel Conversion Premier Drill Products, RK pipe & supply and Tejas Tubular Products here

News-ID: 1512096 • Views: 437

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Drill

Global Dental Drill Bits Market Research
The Global Dental Drill Bits Market Research advertise report gives authentic information along future estimate and point by point examination for Dental Drill Bits on a global and local dimension. In this report, the worldwide Dental Drill Bits advertise is esteemed at USD XX millions of every 2017 and is relied upon to reach USD XX million before the finish of 2025, developing at a CAGR of XX% somewhere in
Global Rock Drill Market Research Report 2018
In this report, the global Rock Drill market is valued at USD million in 2017 and is expected to reach USD million by the end of 2025, growing at a CAGR between 2017 and 2025. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Rock Drill in these regions, from 2013 to 2025 (forecast), covering
Drill Pipes Market : Global Snapshot by 2022
OrbisResearch.com adds “Global Drill Pipes Market 2018-2022”new report to its research database. The report spread across 107 pages with table and figures in it. The drill pipe is a hollow tube made mostly of steel or aluminum, fitted with threaded ends called tool joints. The drill pipe connects the rig equipment at the surface with the bottom hole assembly (BHA) and bit. The drill pipe pumps drill fluids to the bit,
Drill Pipe Market Top Key Player- Drill Pipe International Llc. (USA), Hilong Gr …
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
Global Nose Drill Sales Market Report 2017
In this report, the global Nose Drill market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Nose Drill for these regions, from 2012 to 2022 (forecast),
Drill Collar Market 2016 - 2024 - Analysis, Technologies
Global Drill Collar Market: Overview A drill collar is a tubular piece of a drill string or a thick walled tubular pipe, which is made of solid bars of steel. Generally, plain carbon steel is used to make drill collar but sometimes, alloys such as non-magnetic nickel copper alloys are also used. Drill collar is commonly used in drill string to apply force downward in order to efficiently break the rocks.