Wired Drill Pipe Market 2019 Industry Segmented By Location, Component Type, Application and Region | Key Players: Schlumberger, The Halliburton, IntelliServ, Baker Hughes and Weatherford International PLC.

The Wired Drill Pipe Market is expected to reach USD 1.1 Billion by 2023 and is expected to grow at a CAGR of 3.2% during the forecast period. The growing oil & gas exploration around the world, with the continuous need of meticulous real time data from the wellbore, is driving the market for the Wired Drill Pipe. Wired Drill Pipe Market is segmented on the basis component type, such as telemetry, electrical conductors, electrical transmitters and pressure sensors, which fetch the real time enhanced data for applications, namely, data collection, managing pressure and checking integrity of wellbore operations.

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Market Scenario

North-America’s Oil & Gas Drilling Activity holds about 40% of the world’s current drilling activity. The exploration of new shale oil & gas in this region is on the verge of phenomenal growth with conventional & modern Drilling Methods. Many aging oil rigs in North America utilize the conventional drilling methods and data processing units which consume substantial time to generate the data and transmit it to the operators, this results into lower productivity and high operational time. Thus, the implementation of modern Drilling Technique by the application of Wired Drill Pipe Technology is the necessity of current market in North America, so as to obtain precise data from the oil & gas rigs and explore more oil & gas at low capital cost.

Segmental Analysis

Wired Drill Pipe Market is segmented on the basis of location into onshore and offshore, to enable data recording and sensor reports for drill operations.

The overall fast assessment of transmitted data results into lower downtime of rig and enables drilling time reduction by almost 3 days/well, which ultimately reduces the operational cost and increase the overall capital generated from the rig. All these factors constitute towards the growth of Wired Drill Pipe Market during the forecast period. However, high initial capital cost for setup and overall modification or replacement of the existing drill pipe will restrain the growth of Wired Drill Pipe Market.

Prominent Players

The key players of the Global Wired Drill Pipes Market are Schlumberger Limited (U.S.), The Halliburton Company (U.S.), IntelliServ (NOV) (U.S.), Baker Hughes (U.S.) and Weatherford International PLC (U.S.).

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LIST OF TABLES:

Table 1 Global Wired Drill Pipe Market, By Location

Table 2 Global Wired Drill Pipe Market, By Component Type

Table 2 Global Wired Drill Pipe Market, By Application

Table 3 Global Wired Drill Pipe Market, By Region

Table 4 North America Wired Drill Pipe Market, By Component Type

Table 5 North America Wired Drill Pipe Market, By Application

Table 6 U.S. Wired Drill Pipe Market, By Component Type

Table 7 U.S. Wired Drill Pipe Market, By Application

Table 8 Canada Wired Drill Pipe Market, By Component Type

Table 9 Canada Wired Drill Pipe Market, By Application

Table 10 Europe Wired Drill Pipe Market, By Component Type

Table 11 Europe Wired Drill Pipe Market, By Application

Table 12 Germany Wired Drill Pipe Market, By Component Type

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