Wired Drill Pipe Market – Industry Challenges, Key Vendors, Drivers, Trends and Forecast to 2023

Market Highlights
Global drilling activities are increasingly being carried out in remote harsh locations to extract more oil, which has been sped up with advancements in drilling technology. Transmission of real time data during drilling from sensors has now become an integral part of global drilling activities. The value of this real time data leads to modern well designs that can increase safety and also result in cost effectiveness.
Presently in drilling operations, the sensor technology uses LWD (Logging While Drilling) sensors than traditional wireline sensors as they offer better data than wireline sensors. However, these LWD sensors relay on mud-pulse telemetry and this have a huge restriction on transmission speed. Under harsh operating environments, achieving fast transmission speeds using LWD sensors, is very difficult. Wired Drill Pipe Market is expected to grow over the CAGR of around 3.2% during the period 2017 to 2023

key players
• Schlumberger Limited (U.S.),
• The Halliburton Company (U.S.),
• IntelliServ (NOV) (U.S.),
• Baker Hughes (U.S.)
• Weatherford International PLC (U.S.).

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Market Research Analysis
Pressure sensors and telemetry components are expected to dominate the market based on component types. Modern drilling operations including LWD sensors now generate so much data that it is not possible to take full advantage of this data due to the limitations imposed by conventional mud pulse telemetry systems. Although advances have been made in the form of data compression and batch transmission modes, mud pulse transmission is the limiting factor in many potential applications. However, global operators are overcoming the limitations of mud pulse telemetry in terms of real-time data transmission speeds and reliability is one of the biggest challenges. As drilling rates increase, the data density of the real-time drilling activity also increases and, drilling rates must be held back to ensure that a usable log in real-time..

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Wired Drill Pipe Market Research Report- Forecast to 2023”

Scope of the Report
This study provides an overview of the global wired drill pipe market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global wired drill pipe market by product, by application and by regions.
 By Location
• Onshore
• Offshore
 By Component Type
• Telemetry
• Electrical Conductors
• Electrical Transmitters
• Pressure Sensors
 By Application
• Data collection
• Managed pressure drilling
• Wellbore integrity in ultra-depleted reservoirs
 By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World

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