Comprehensive Analysis on Drill Pipe Market with Key Players: Tenaris, Vallourec, TMK Group, Ferrostaal Piping Supply, Texas Steel Conversion, Oil Country Tubular Limited, Holly Pipe Corporation

The Drill Pipe market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report LLC.

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.

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

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.

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.

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.

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.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/467831/

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.

Increasing count of upstream projects across the Amazon region will fuel the LATAM drill pipe market. In 2016, Petroamazonas signed an accord worth about USD 1 billion to increase production output by approx. 30 thousand bbl/day in 2018 and to extract 84.6 MMbbl of crude from incremental reserves.

Eminent industry players in the drill pipe market include E&M Supply Group, Tenaris, Vallourec, DP-Master Manufacturing, Premier Drill Products, TMK Group, Ferrostaal Piping Supply, Texas Steel Conversion, Oil Country Tubular Limited, Holly Pipe Corporation, RK Pipe & Supply and Hilong Group.

Table of Content:

Chapter 1 Methodology & Scope

1.1 Methodology

1.2 Market definitions

1.3 Market estimation & forecast parameters

1.4 Data Sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid Sources

1.4.2.2 Public Sources

Chapter 2 Executive Summary

2.1 Drill pipe market 360 degree synopsis, 2014 - 2024

2.1.1 Business trends

2.1.2 Product trends

2.1.3 Application trends

2.1.4 Regional trends

Chapter 3 Drill Pipe Market Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2014 - 2024 (USD Million)

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.4 Innovation & sustainability

3.4.1 TMK Group

3.4.2 Hilong Group

3.4.3 Oil Country Tubular

3.4.4 Vallourec

3.4.5 Premier Drill Products

3.4.6 National Oilwell Varco

3.4.7 Other innovations

3.5 Regulatory landscape

3.5.1 U.S.

3.5.2 Oman

3.5.3 Iran

3.5.4 UAE

3.5.5 Qatar

3.5.6 Iraq

3.5.7 China

3.6 Product assortment

3.6.1 Competitive brand value

3.6.2 Product design

3.6.3 Target customer benefits

3.6.4 Pricing policy

3.6.5 Application

3.7 Customer requirements

3.8 Customer group requirement

3.9 Entry Barriers

3.10 Exploration and production investment trends (2013-2016)

3.11 Crude oil price trends and outlook (2017-2020)

3.12 Oil and gas reserves potential, by region, 2017

3.12.1 North America

3.12.2 Europe

3.12.3 Asia Pacific

3.12.4 Middle East

3.12.4 Middle East

3.12.4 Africa

3.12.5 Latin America

3.13 Global offshore capital expenditure, by region

3.13.1 North America

3.13.2 Europe

3.13.3 Asia Pacific

3.13.4 Middle East and North Africa

3.13.5 Latin America

3.14 Offshore capital expenditure by operator, by region (2013-2017)

For more information on this report at: https://www.marketstudyreport.com/reports/drill-pipe-market/?utm_source=Openpr.com-SP

Related Report:

Global Wired Drill Pipe Market Research Report 2018

This report studies the global Wired Drill Pipe market status and forecast, categorizes the global Wired Drill Pipe market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).

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

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email:sales@marketstudyreport.com
Website:https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/

This release was published on openPR.