1. Business

Drill Pipe Industry Overview, Segmentation & Forecast To 2027

Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

Market Synopsis 

The data analysts at Market Research Future Reports (MRFR) have revealed that the global drill pipe market is speculated to value approximately USD 1,019.6 million by the end of 2025. Further, the market is estimated to rise at a CAGR of 3.52% during the assessment period. The rising optimization of drilling operations due to technological advancement is the most significant factor driving the global drill pipe market 2020. Besides, the increasing urbanization, the expanding automotive sector, and the expanding industrialization are estimated to be another major factor leading to the expansion of the market. Moreover, urbanization, industrialization, and the expansion in the automotive sector is likely to place a higher demand for oil and gas. The demand for drill pipes is closely tied with the demand for oil and gas. 

However, the instability of crude prices is likely to impede global drill pipe market growth. Besides, the rising demand for renewable energy sources is another factor which is likely to affect market growth. On the other hand, the spread of COVID-19 has resulted in a significant change in global market dynamics. Precise research is being conducted on the aftermath of coronavirus on the global voltage calibrator market. We will provide an impact analysis report on COVID-19.

Geographical Analysis 

An exhaustive analysis on North America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been carried out. As per the analysis, the market is estimated to grow significantly during the review period. The study reveals that North America is estimated to dominate the global drill pipe market. The region is technically advanced. Higher technologies like hydraulic fracturing and horizontal drilling are implemented in the drilling operations. Among all nations, the US is estimated to make the highest contribution in magnifying the market. In addition, North America is home to one of the largest crude oil basins of the world. Also, it holds the largest market share in the North American region with development in unconventional drilling technologies. 

The report reveals the second position is attained by Europe. It is likely to be the second-largest market for drill pipe during the review period. Russia is likely to be the dominating country in the European oil and gas industry.

As per the analysis, the APAC region is estimated to witness a significant rise in the market during the forecast period. The growing demand for oil and gas products is estimated to actuate the market size. 

However, market dynamics are likely to change significantly during the review period. Several regions have been affected substantially due to the spread of COVID-19. We will provide the aftermath COVID-19 report on the impact analysis of the market. 

Market Segmentation 

The drill pipe industry is segmented on the basis of application, grade, and geography.

On the basis of drill pipe grade, the global market can be segmented into API grade and premium grade.

On the basis of application, the global drill pipe market can be segmented into onshore and offshore.

On the basis of geography, the global drill pipe market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Key Players

Global drill pipe manufacturers are DRILL PIPE INTERNATIONAL, LLC (US), Hilong Group of Companies (China), DP-Master Manufacturing (S) Pte Ltd (China), National Oilwell Varco (US), Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd (China), Oil Country Tubular Limited (India), Superior Drill pipe Manufacturing (US), RK Pipe & Supply, LLC (US), Tejas Tubular Products, Inc. (the US), Texas Steel Conversion, Inc. (US), Tenaris (Luxembourg), TMK Group (Russia), and VALLOUREC (France), and TPS-Technitube Röhrenwerke GmbH (Germany).

Browse Complete Report @ https://www.marketresearchfuture.com/reports/drill-pipe-market-3154

Related Reports:-

Lithium Iron Phosphate Batteries Market Research Report – Global Forecast   till 2027

Offshore Drilling Rigs Market Research Report – Forecast to 2027

Subsea System Market Research Report – Global  Forecast to 2027

FSRU (Floating Storage and Regasification Unit)   Market Research Report – Forecast to 2027

Floating LNG Power Vessel Market Research Report – Global Forecast   till 2027

Protective Relay Market Research Report – Global Forecast   till 2027

Energy Harvesting Market Research Report –  Global Forecast To 2027

Shunt Reactor Market Research Report – Global Forecast   till 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

528, Amanora Chambers, Magarpatta Road, Hadapsar

Pune – 411028, Maharashtra, India

Email: sales@marketresearchfuture.com

Blog:https://www.mrfrblog.com/

Login

Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe