North America and South America Drill Pipe Market is estimated to grow at a CAGR of 4.1% from 2021 to 2028 With Top Companies Like TMK, National Oilwell Varco, Inc., DP-Master Manufacturing (S) Pte Ltd.

The Business Market Insights provides you regional research analysis on “North America and South America Drill Pipe Market” and forecast to 2028. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the North America and South America Drill Pipe Market during the forecast period, i.e., 2021–2028.

The North America and South & Central America drill pipe market is expected to grow from US$ 554.75 million in 2021 to US$ 737.4 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.

The rising adoption of innovative technologies such as robotics in offshore and onshore drilling activities is driving the market. Moreover, advancements in automation drilling technologies are increasing the efficiency of exploration and production activities at oil rigs and subsequently bolstering the demand for drill pipes. Robotic drilling machines automate the repetitive and risky tasks of connecting drill pipes as they are shoved through miles of ocean water and oil-bearing rocks. This automation improves the work efficiency and reduces downtime and operating cost for the drilling companies along with improved safety for workers at oil rigs. For instance, in June 2019, BP Alaska implemented drilling automation technology at its Parker Drilling’s Arctic Alaska Drilling Unit (AADU), Rig 272. The drilling automation system provided the company with an improved drilling-speed-focused automation business model of the downturn. BP Alaska saved approximately 4 min per intermediate hole-section connection and 2 min per production hole-section connection. In addition, automated robotic machines application includes remotely operated aerial drones, automated underwater vehicles, and robotic drills at oil rig sites. Thus, the adoption of drilling automation technology among oil & gas exploring companies will increase their operational efficiency and is also expected to help them work on multiple oil rig projects. This factor will fuel the demand for drill pipes as the number of projects is increasing in North and South and Central America.

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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America and South America Drill Pipe Market. The researcher provides an extensive analysis of the North America and South America Drill Pipe Market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Major Key players covered in this report:
• TMK
• National Oilwell Varco, Inc.
• DP-Master Manufacturing (S) Pte Ltd.
• Drill Pipe International, LLC
• Premier Drill Products, LLC
• Shanghai Hilong Drill Pipe Co., Ltd.
• Tejas Tubular Products, Inc
• Texas Steel Conversion, Inc
• Hunting PLC
• Universal HDD Company

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America and South America Drill Pipe Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the North America and South America Drill Pipe Market segments and regions.

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The research on the North America and South America Drill Pipe Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the North America and South America Drill Pipe Market on the basis of end user, product type, application, and demography for the forecast period 2021–2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America and South America Drill Pipe Market.

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