Global Drilling Bits Market in Oil and Gas Market will Increase at a CAGR of 5% By 2016 to 2022
Market Research Engine has published a new report titled as “Drilling Bits Market in Oil and Gas Market By Product Analysis (Fixed cutter bits, Roller cone cutter bits); By Application Analysis (Onshore, Offshore) and by Regional Analysis - Global Forecast by 2016 - 2022”.This industry research report identifies the migration of drilling into unconventional areas to be one among the major factors that will have a positive impact on the expansion of this market in the coming years. It’s been ascertained that the conventional crude oil can account for only concerning 60 minutes of the liquid fuel supply by 2040. With the age of easy oil nearing the end, oil and gas companies will start searching for unconventional avenues around the globe for exploration and production activities. for instance, the decreasing production rates in the established regions such as the middle East, Gulf of Mexico, and North Sea has already induced energy companies to move out to alternative areas like the Yamal basin in Russia, Andaman sea within the Indian sub-continent, and several regions within the Arctic and Antarctic. This increase in new exploration and production activities will end in the increase in demand for drilling equipment, in turn, driving market growth.
The analysts forecast global Drilling bits market in oil and gas market for the mining sector to grow at a CAGR of 5% during the period 2016-2022.
You Can Browse Full Report: https://www.marketresearchengine.com/drilling-bits-market
The major driving factors of Drilling bits market in oil and gas market are as follows:
• Migration of drilling into unconventional areas
• Increased use of horizontal and multilateral wells
• Focus on reduction of non-productive time (NPT).
The challenges factors of Drilling bits market in oil and gas market are as follows:
• Decreasing profitability of upstream petroleum companies
• Declining investments in oil and gas industry
• Reduction and optimization of drilling cost
The Drilling bits market in oil and gas market is segmented on the lines of its product type, application and regional. Based on product segmentation it covers fixed cutter bits and Roller cone cutter bits. Based on application segmentation it covers onshore and offshore. The Drilling bits market in oil and gas market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, and Rest of World. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, and GCC countries.
This report provides:
This report covers the present scenario and the growth prospects of the global Drilling bits market in oil and gas market for 2016-2022. To calculate the market size, the report considers the revenue generated from the sales of robotic pharmacy prescription systems.
REPORT SCOPE: https://www.marketresearchengine.com/drilling-bits-market
The scope of the report includes a detailed study of global and regional markets on Drilling Bits Market in oil and gas market with the reasons given for variations in the growth of the industry in certain regions.
Request Sample Report:
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report includeNational Oilwell Varco, Baker Hughes, Halliburton, Varel International and Schlumberger. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Drilling Bits market in oil and gas market has been segmented as below:
By Product Analysis:
• Fixed cutter bits
• Roller cone cutter bits
By Application Analysis:
• Onshore
• Offshore
By Regional Analysis:
• North America
• Europe
• Asia-Pacific
• Rest of World
About Us
Market Research Engine (MRE) is a next-generation provider of syndicated research, customized research, and consulting services. MRE’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each Market Research Engine’s research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Media Contact
Company Name: Market Research Engine
Contact Person: John Bay
Email: john@marketresearchengine.com
Phone: +1-855-984-1862
Country: United States
Website: https://www.marketresearchengine.com/
Address: 3422 SW 15 Street, Suite #8942, Deerfield Beach, FL 33442, United States
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 Global Drilling Bits Market in Oil and Gas Market will Increase at a CAGR of 5% By 2016 to 2022 here
News-ID: 832135 • Views: …
More Releases from (MRE) Report
Weight Management Market is Expected To Be Worth US$ 442 Billion By 2025
New York, March 26, 2018:
Weight Management Market 2018
The Global Weight Management Market is expected to exceed more than US$ 442.0 Billion by 2025 at a CAGR of 8.0% in the given forecast period.
The scope of the report includes a detailed study of global and regional markets on Global Weight Management Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed…
Home Healthcare Market is Expected To Be Worth US$ 300 Billion By 2022
New York, March 26, 2018:
Home Healthcare Market 2018
The Global Home Healthcare Market is expected to exceed more than US$ 300.7 Billion by 2022 at a CAGR of 7.4% in the given forecast period.
The scope of the report includes a detailed study of global and regional markets on Global Home Healthcare Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed…
Healthcare 3D Printing Market is Forecast to Cross US$ 4 Billion By 2022
New York, March 26, 2018:
Healthcare 3D Printing Market 2018
The Global Healthcare 3D Printing Market is expected to exceed more than US$ 4 Billion by 2022 at a CAGR of 21.0% in the given forecast period.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include 3D Systems, Arcam AB, Renishaw PLC., EoS…
Tumor Ablation Market is Projected to Reach US$ 650 Million By 2022
New York, March 26, 2018:
Tumor Ablation Market 2018
The Global Tumor Ablation Market is expected to exceed more than US$ 650 Million by 2022 at a CAGR of 12.0% in the given forecast period.
The scope of the report includes a detailed study of global and regional markets for Global Tumor Ablation Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed…
More Releases for Drilling
Offshore Drilling Market to Rise at 7.9% CAGR till 2026; Archer Well Company, Bo …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights™ in its new report, titled “Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),…
What's driving the Offshore Drilling Market Growth? Prominent Players: Archer - …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights™ in its new report, titled “Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),…
What's driving the Offshore Drilling Market Growth? Prominent Players: Archer - …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights(TM) in its new report, titled "Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),…
What's driving the Offshore Drilling Market Growth? Prominent Players: Archer - …
The global offshore drilling market size is slated to reach USD 56.97 billion by 2026, exhibiting a CAGR of 7.9% during the forecast period. Surging demand for electricity worldwide is expected to drive the growth of this market, states Fortune Business Insights(TM) in its new report, titled "Offshore Drilling Market Size, Share and Industry Analysis, By Rig Type (Drill-ships, Semi-submersibles, and Jackups), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater),…
Air Core Drilling Market By Application Dust Drilling, Mist Drilling and Foam Dr …
Allied Market Research published a new report, titled, " Air Core Drilling Market by Application (Dust Drilling, Mist Drilling, Foam Drilling, Aerated Fluid Drilling, and Nitrogen Membrane Drilling), by End-use Industry (Oil & Gas, Mining, and Construction) - Global Opportunity Analysis and Industry Forecast, 2020-2027." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a…
Global Drilling Tools Market Analysis 2020 3D Drilling Tools, Sandvik, Redback D …
Global Drilling Tools market represents the advanced technology manufacturer with high quality data such as segment wise data, region wise data and qualitative analysis of the data which is collected from industry expert and market participants across the key points of market value chain. The market report is also comes up with the comprehensive study of Drilling Tools market insight, historical data from 2015-2019, forecast data from 2020-2025, and variations…