Drill pipes are one of the most
important component of these drilling activity. Wired drill pipes are an
advancement to the traditional drill pipes as they transmit real time data
about the drilling operations. As per the study conducted by Market Research
Future, the global market for Wired Drill Pipes is likely to grow at the CAGR
of around 3.2% during the forecasted period. Techniques
such as horizontal drilling and vertical drilling has enabled new oil
discoveries onshore and several new investments are continuously made in these
exploration activities.
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The global oil prices have
recovered from their slump in prices in recent times and many major companies
are involved again in oil exploration and drilling services. With the North Sea
oil drying up and most of the offshore facilities in Gulf of Mexico reaching
the end of their lifetime, oil majors such as BP, Shell and Exxon Mobil are
increasingly investing in exploring new areas for oil production. Furthermore,
drilling activity and technology has witnessed a tremendous boom with onshore
drilling activity referred as shale oil production.
Segmentation
Global Wired Drill Pipes Market has
been fragmented on the basis of product type, by applications and by region.
By product type, the market has
been fragmented as DC Surface Suction, AC Submersible, DC Submersible and AC
Floating pumps. On the basis of location, the drilling activities are
increasingly happening in both onshore and offshore areas. Especially deep
water type offshore drilling is expected to drive the market as several new
exploration and drilling projects are carried in that region. Also, in
horizontal drilling operations carried out across two sites in similar
locations, Wired Drill Pipes can help share data in real time which will enable
faster drilling activity and data collection.
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Competitive
Analysis
The Wired Drill Pipes Market is
anticipated to have enormous amount of developments during the forecast period,
due to increased drilling activities especially in geographically difficult
areas. The market is also likely to have huge growth prospect in the North
America region and in the African region as these regions are currently
witnessing a huge oil and gas drilling activities.
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.).
Scope
of the Report
The report for Global Wired Drill
Pipe Market of Market Research Future comprises of extensive primary research
along with the detailed analysis of qualitative as well as quantitative aspects
by various industry experts, key opinion leaders to gain the deeper insight of
the market and industry performance. The report gives the clear picture of
current market scenario which includes historical and projected market size in
terms of value and volume, technological advancement, macro economical and
governing factors in the market. The report provides details information and
strategies of the top key players in the industry. The report also gives a
broad study of the different market segments and regions.
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