Press release
Drill for Oil and Gas Extraction Market Size, Share, Development by 2025
The oil and gas drill bit is a tool (a combination of drill pipe and tools) connected to the bottom of the drill string for digging up earth and rock.
Schlumberger, Baker Hughes and HALLIBURTON together accounted for 70 percent of the market in 2018.
The Drill for Oil and Gas Extraction market was valued at 1843.4 Million US$ in 2018 and is projected to reach 2729.3 Million US$ by 2025, at a CAGR of 5.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Drill for Oil and Gas Extraction.
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This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
This report focuses on the Drill for Oil and Gas Extraction in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
Market Segment by Manufacturers, this report covers
Schlumberger
Baker Hughes
HALLIBURTON
NOV
Varel InternationalVarel International
Drilformance
Sinopec Oilfield Equipment Corporation
Market Segment by Type, covers
Fixed Cutting Edge Drill
Cone Drill
Market Segment by Applications, can be divided into
Overland
Marine
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Related Information:
North America Drill for Oil and Gas Extraction Market Research Report 2019
United States Drill for Oil and Gas Extraction Market Research Report 2019
Asia-Pacific Drill for Oil and Gas Extraction Market Research Report 2019
Europe Drill for Oil and Gas Extraction Market Market Research Report 2019
EMEA Drill for Oil and Gas Extraction Market Market Research Report 2019
Global Drill for Oil and Gas Extraction Market Market Research Report 2019
China Drill for Oil and Gas Extraction Market Market Research Report 2019
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