Wired Drill Pipe Market Outlook, Growth Factors | Top Companies Analysis for Business Prospects Schlumberger Limited, The Halliburton Company, IntelliServ, Baker Hughes, Weatherford International PLC

Market Synopsis
Currently, the oil & gas industry owners are desperately looking for better and innovative tools to generate a higher revenue. Owing to this fact, it can be positively assumed that the global wired drill pipe market will experience significant growth in the coming years. Research suggests that the industry will earn around USD 1.1 Billion during the forecast period of 2018-2023. CAGR wise, the market is expected to grow at the rate of 3.2%.

The success of this market can be attributed to a lot of growth drivers. All of these aspects collectively contribute towards the development of this industry. The higher demand for a constant stream of real time data from the drilling sites is a major growth booster for the market.

The industry however may be restrained by inhibitors like higher cost. Although, with passing time the industry is expected to overcome such minor issues.

Key Players
The key players of the Global Wired Drill Pipes Market are Schlumberger Limited (U.S.), The Halliburton Company (U.S.), IntelliServ (NOV) (U.S.), Baker Hughes (U.S.) and Weatherford International PLC (U.S.).

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Market News
Last year turned out to be quite eventful for this market. In July 2017, two market giants National Oilwell Varco and Maersk Drilling decided to partner for a project in the Norwegian Sea. Wired drill pipe technology was specially installed to undertake this project. As a result of this collaboration both the companies have been benefitted equally and have successfully paved way for further technological advancements.

Key Players & Strategies
Some of the big names of this industry can be listed as The Halliburton Company, Weatherford International, Schlumberger Limited and Baker Hughes. Two of the major strategies employed by these players are strategic partnerships and new product launches.

Market Segmentation
The worldwide wired drill pipe market has been segmented into four distinct parts. They include, component type, geographies, locations and applications.
On the basis of component type, the market is fragmented into electrical conductors, pressure sensors, telemetry and electrical transmitters. Amongst these, telemetry and pressure sensors are projected to dominate the market in the coming years.

Geographically, this market is spread across various regions like North America, Asia Pacific, Europe and Rest of the World. Amongst these North America accounts for the largest market share and dominates the market. This fact can be attributed to the higher rate of onshore drilling projects being carried out in this area.

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LIST OF TABLES:
TABLE 1 GLOBAL WIRED DRILL PIPE MARKET, BY LOCATION
TABLE 2 GLOBAL WIRED DRILL PIPE MARKET, BY COMPONENT TYPE
TABLE 2 GLOBAL WIRED DRILL PIPE MARKET, BY APPLICATION
TABLE 3 GLOBAL WIRED DRILL PIPE MARKET, BY REGION
TABLE 4 NORTH AMERICA WIRED DRILL PIPE MARKET, BY COMPONENT TYPE
TABLE 5 NORTH AMERICA WIRED DRILL PIPE MARKET, BY APPLICATION
TABLE 6 U.S. WIRED DRILL PIPE MARKET, BY COMPONENT TYPE
TABLE 7 U.S. WIRED DRILL PIPE MARKET, BY APPLICATION
TABLE 8 CANADA WIRED DRILL PIPE MARKET, BY COMPONENT TYPE
TABLE 9 CANADA WIRED DRILL PIPE MARKET, BY APPLICATION
TABLE 10 EUROPE WIRED DRILL PIPE MARKET, BY COMPONENT TYPE
Continue………

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