Press release
Oil & Gas energy: What are the current trends in U.S Drill Pipe Market?Tenaris, Vallourec, Premier Drill Products, TMK Group
Drill Pipe Market
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.
Key Highlights of this report:
Pages:410
Data Tables:866
Figures & Charts:73
Historical data: 2013 to 2015
Growth Projections: 2016 to 2025.
Country: North America, Europe, Asia Pacific, Middle East and Africa
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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.
Growth Drivers:
North America & Europe
• Shifting trends toward unconventional wells
Asia Pacific
• Growing crude oil consumption
• Huge untapped potential
Middle East and Africa
• Ongoing expenditure toward O&G projects
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The increasing number of oil and gas drilling activities across the globe have been notably fueling the requirement of drill rigs. As per estimates, global rig count is poised for an increase since 2016 and is likely to fuel the demand for onshore drilling activities. This in consequence would have a transformational impact on drill pipe industry size from onshore applications.
Segment:
Chapter 4 Drill Pipe Market, By Product
4.1 Drill pipe market share by product, 2017 & 2024
4.2 API grade
4.2.1 Global market from API grade, 2014 – 2024
4.2.2 Global market from API grade, by region,2014 – 2024
4.3 Premium grade
4.3.1 Global market from premium grade, 2014 – 2024
4.3.2 Global market from premium grade, by region, 2014 – 2024
Chapter 5 Drill Pipe Market, By Application
5.1 Drill pipe market share by application, 2017 & 2024
5.2 Onshore
5.2.1 Global market from onshore, 2014 – 2024
5.2.2 Global market from onshore,2014 – 2024
5.3 Offshore
5.3.1 Global market from offshore, 2014 – 2024
5.3.2 Global market from offshore, by region, 2014 – 2024
Methodology
At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
• Definition and scope of research
• Market dynamics, growth drivers and industry pitfalls
• Regulatory and political guidelines for the industry
• Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:
• Leadership figures such as CEOs, CSOs, VPs etc. in key companies
• Supply-chain participants, distributors and domain experts
• Key customers and B2B clients
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 methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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: www.gminsights.com
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