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 Pipes 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.
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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. A detailed analysis report
of COVID-19 impact on Wired Drill Pipe Market is provided with the
report.
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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Report @ https://www.marketresearchfuture.com/reports/wired-drill-pipe-market-4016
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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