San Francisco, 19 June 2020 — “Drill Pipe Market Analysis By Regions (North
America, Europe, Asia-Pacific, Latin America and Africa), Product, By
Application And Segment Forecasts To 2027”
Global Drill Pipe Market size is expected to value at USD 1.31 billion by 2025.
The drill pipe industry is subject to witness a substantial growth due to the
robust growth of oil& gas industry, especially in the North American and
the Middle Eastern region. In addition, the development of advanced drilling
techniques coupled with high-end productivity are expected to foster market
growth in the upcoming years.
However, lowered cost of crude
oil and massive slump in the drilling activities are some of the key challenges
for market expansion, in the last few years. These factors are also expected to
hamper overall productivity and operating profitability of upstream or
exploration and production companies across the globe, largely affecting market
growth, since last couple of years. Globally, the drill pipe market is
predicted to grow at higher CAGR in the forecast period, providing numerous
opportunities for market players to invest in research and development of the
market.
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Asia-Pacific region is predicted
to hold major market share in the drill pipes market with massive growth in
forecast period. Countries such as China, Indonesia, Australia and India are
leading the Asia-Pacific market with increasing rig activities in the region,
development of offshore basins, strong economic growth, large consumer base,
and significant investment by leading industry players considering potential
growth opportunities.
The key players in the drill pipe
industry are National Oilwell Varco (NOV) Co., Inter Drill Asia Ltd., Superior
Drill Pipe Manufacturing Inc., DP Master Manufacturing Pvt., Ltd., Shanghai
Hilong Drill Pipe Co., Ltd., TPS TECHNITUBE RÖHRENWERKE GmbH, Tenaris Co.,
Drill Pipe International LLC, VallourecS.A., and RK Pipe LLC.
This report studies the global Drill Pipe market status and
forecast, categorizes the global Drill
Pipe market size (value & volume) by manufacturers, type, application,
and region. This report focuses on the top
manufacturers in United States, Europe, China, Japan, South Korea and
Taiwan and other regions.
This research report offers a
comprehensive analysis of key elements of the Drill Pipe Market such as potential top key Manufacturers along
with their strengths and weaknesses. The Drill
Pipe Market report also comprises some useful strategies and scenario for
the new players in the market. While forecasting the growth of the global Drill Pipe market, various statistical
tools were utilized to get an accurate result of the Demographic data.
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