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Drilling Equipment Market Estimated to Flourish by 2027 - Leading Players Akkerman, Astec Industries, Atlas Copco, CREG TBM Germany GmbH, Herrenknecht AG, Hitachi Zosen, Sandvik AB and SANY Group

Press release   •   Aug 16, 2019 21:26 IST

Drilling Equipment Market

The “Global Drilling Equipment Market Analysis to 2027” is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of drilling equipment market with detailed market segmentation by product type, application, and geography. The global drilling equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading drilling equipment market players and offers key trends and opportunities in the market.

The drilling equipment encompasses hoisting equipment, rotation equipment, mud circulation equipment, drill pipe, safety equipment, and all machinery that are employed in the drilling of a wellbore. Drilling equipment are designed to operate in a harsh and remote environment for off-shore drilling applications. These equipment provide with safer, speedy, and effective drilling operations while reducing carbon footprint. Some examples of drilling equipment include drill bits, logging tools, drilling fluids, rotary hoses, and others.

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The drilling equipment market is anticipated to grow in the forecast period owing to driving factors such as increased refining and extraction activities coupled with growing consumption of oil. Furthermore, shifting focus on shale gas reserves and other unconventional oil fields is likely to propel the growth of the drilling equipment market. However, fluctuating raw material prices may hamper the growth of the drilling equipment market in the forecast period.

The List of Companies

  1. Akkerman Inc.
  2. Astec Industries, Inc.
  3. Atlas Copco
  4. BESSAC (Soletanche Bachy)
  5. China Communications Construction Company
  6. CREG TBM Germany GmbH
  7. Herrenknecht AG
  8. Hitachi Zosen Corporation
  9. Sandvik AB
  10. SANY Group

Market Segmentation :

The global drilling equipment market is segmented on the basis of product type and application. Based on product type, the market is segmented as drill bits, drill collars, drilling jars, drilling motors, drill swivels, and others. On the basis of the application the market is segmented as on-shore and off-shore.

Regional Framework :

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global drilling equipment market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The drilling equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting drilling equipment market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the drilling equipment market in these regions.

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Reasons to Buy the Report :

  • Learn about the driving factors, affecting the market growth.
  • Imbibe the advancements and progress in the market during the forecast period.
  • Understand where the market opportunities lies.
  • Compare and evaluate various options affecting the market.
  • Pick up on the leading market players within the market.
  • Envision the restrictions and restrains that are likely to hamper the market.

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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