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 Wired
Drill Pipe Market Size 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.
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.
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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