Press release
Drill Pipe Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024
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.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/796
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.
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.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/796
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.
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.
Partial Table of Contents (ToC) of the report:
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
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/drill-pipe-market
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.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: mailto:sales@gminsights.com
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.
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 - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024 here
News-ID: 1870571 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Drill
What Is Difference Between HSS Twist Drill Bits And Cobalt Drill Bits?
Welcome to our product introduction on twist drill bits and cobalt drill bits. In the world of drilling tools, these two types of drill bits have become quite popular among professionals and DIY enthusiasts alike. They are known for their durability, versatility, and efficiency when it comes to drilling through various materials, including metal, wood, and plastic.
The purpose of this introduction is to explain the key differences between twist drill…
Construction Industry Core Drill Market, By Type (Wet Drill Bits and Dry Drill B …
With thorough company profiles, recent developments, and other information, the Construction Industry Core Drill Market Report provides an in-depth analysis of major trends, motivating reasons, obstacles, segmentation, regulatory policies, and important players. The Construction Industry Core Drill Market Report offers a thorough synopsis of the product portfolio, including product development, planning, and positioning of products with emerging technologies, impending opportunities, and problems. The market's views and viewpoints assess the potential…
Drill Collars in Oilfield Market: Players Tapping Emerging Markets | Drill Pipe …
Market Description -
Los Angeles, (United States) - The information made available in the Drill Collars in Oilfield report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,…
Boring Tools Market Report 2018: Segmentation by Type (Drill Bits, Drilling Tubu …
Global Boring Tools market research report provides company profile for NACHI-FUJIKOSHI, OSG, Sandvik, BIG KAISER, Kennametal and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the basis…
Drill Pipe Market Countering growth 2025 | Tenaris S. A, Drill Pipe Internationa …
Global Drill Pipe Market: Snapshot
Drill pipes are hollow pipes, usually made of aluminum alloys or steel and are a core component in the drilling process. The hollow drill pipes enable for the transfer of drilling fluids downwards towards the drill point or back upwards through the annulus. Although a standard length for drill pipes is up to 32 feet, there are longer pipes that could stretch till 45 feet and…
Drill Bits Market Research Report- Forecast to 2027 | Global Drill Bits Industry
Global Drill Bits Market Information Report by Type (rolling cutter and fixed cutter bits), by End Market (land and offshore.) and by Region - Forecast to 2027
Increasing demand for energy has been a major factor in the significant growth of the drill bits market In recent times. Furthermore the recent expansion and exploratory activities undertaken across the globe are expecte4d to positively influence the Drill Bits market.
Get a sample copy…
