Drill Collar Market
Drill collar market can be segmented on the basis of type into standard, spiral and square drill collar.The material used to make a drill collar is generally plain carbon steel but sometimes various alloys are used such as non magnetic nickel copper alloys and other non-magnetic premium alloys.This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Download the Excluisve Report Sample Here : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3131
Drill collar market can be segmented on the basis of type into standard, spiral and square drill collar.The material used to make a drill collar is generally plain carbon steel but sometimes various alloys are used such as non magnetic nickel copper alloys and other non-magnetic premium alloys.This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
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<strong>Drill</strong> <strong>Collar</strong> <strong>Market</strong> - Global Industry Analysis, Size,<br />
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REPORT DESCRIPTION<br />
Global <strong>Drill</strong> <strong>Collar</strong> <strong>Market</strong>: Overview<br />
A drill collar is a tubular piece of a drill string or a thick walled tubular pipe, which is made of solid bars of steel. Generally, plain carbon steel is<br />
used to make drill collar but sometimes, alloys such as non-magnetic nickel copper alloys are also used. <strong>Drill</strong> collar is commonly used in drill string<br />
to apply force downward in order to efficiently break the rocks. With the growing dependency on existing natural resources and incremented<br />
efforts for the exploration of new resources is reflecting on global drill collar market, which is projected for a healthy growth rate during the<br />
forecast period of 2016 to 2024.<br />
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This report on the global market for drill collar is a thorough analysis of the current scenario, and based on the analysis of factors that may<br />
influence the demand in the near future, estimations have been provided. The report also contains profiles of several prominent players<br />
currently active in the market, providing their market shares, geographical presence, and recent strategic developments. The global drill collar<br />
market can be segmented on the basis of raw materials into standard steel drill collar and non-magnetic allow drill collar, and on the basis of<br />
design into spiral and slick. Geographically, the report studies the lucrativeness of the regional drill collar markets in North America, Europe, Asia<br />
Pacific, and rest of the world.<br />
Global <strong>Drill</strong> <strong>Collar</strong> <strong>Market</strong>: Trends & Opportunities<br />
Escalating drilling activities across the world, be it for extraction or exploration of oil and natural gas, is the primary driver of the market. In<br />
particular, shale gas is quickly gaining popularity in order to decrease the dependency on oil and gas as well as preserve the environment. Many<br />
more wells are expected to start production during the forecast period and thereby increase the demand for drill collar, especially in Canada.<br />
Increased investments in deep and ultra-deep water reserve, which have emerged as resources with enormous potential, will further increment<br />
the demand. The report observes that offshore deep and ultra-deep water is mostly untouched as the companies were restricted to shallow<br />
water reserves until now. Government incentives for alternative energy exploration across several nations is another factor favoring the growth<br />
rate.<br />
The report observes that standard steel drill collars serve the maximum demand, owing to increased offshore drilling activities and high material<br />
and tensile strength provided by them. Design-wise, slick collar drills segment accounts for most of the demand due to widespread availability of<br />
oilfields that require easy and immediate drilling.<br />
Global Driill <strong>Market</strong>: Regional Outlook
According to the Natural Energy Board of Canada, the country had shale gas accounting for only 4% of total natural gas production, which will rise<br />
to 80% by 2035. Over 500,000 oil and natural gas wells have been drilled in Canada so far and the number is expected to continue to surge over<br />
the next few years. This make North America the most prominent region market for drill collar, backed up by oil exploration activities in the Gulf<br />
of Mexico, which will escalate demand from the Latin American region. Mounting crude oil exploration in Saudi Arabia, Qatar and UAE will drive<br />
the Middle East market while Asia Pacific will be feeding-off increasing demand from China.<br />
Companies mentioned in the research report<br />
Halliburton, Workstrings International, Schlumberger, Hunting, National Oil well Varco, Vallourec, Weatherford International are some of the<br />
prominent players in a highly fragmented competitive landscape of the global drill collar market. American Oilfield Tools, ACE, Challenger<br />
International, Aliron Tool Research, Command Energy Services, Global <strong>Drill</strong>ing Solutions, Downhole Oil Tools, Superior <strong>Drill</strong>collar, and Tasman Oil<br />
Tools are some of the other key players noted by the report.<br />
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Major regions analyzed under this research report are:<br />
Europe<br />
North America<br />
Asia Pacific<br />
Rest of the World<br />
This report gives you access to decisive data such as:<br />
<strong>Market</strong> growth drivers<br />
Factors limiting market growth<br />
Current market trends<br />
<strong>Market</strong> structure<br />
<strong>Market</strong> projections for the coming years<br />
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