AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Downhole Drilling Tools market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Downhole Drilling Tools market.
The Component Type, such as Tubular, is boosting the Downhole Drilling Tools market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Location of Deployment, such as Onshore, is boosting the Downhole Drilling Tools market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Downhole Drilling Tools market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Tapping Energy Potential of Shale Gas Reserves, Increased Lateral/Directional Drilling and Surging Ultra-Deep Drilling Activities Worldwide. †
Downhole Drilling Tools shows almost all the critical tools for the engineer and covers the practical aspects of downhole equipment. Going beyond the basic bottomhole assembly, the guide such as detailed mechanics and theory on tubulars, fishing, cementing, coiled tubing and various other downhole tools. Downhole drilling tools are collection of tools used in downhole drilling applications. They include drill bit, drill collar, drill pipe, kelly stem, stabilizer, etc. Among these, drill bit is core component and acts in the bottom of drilling system.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Downhole Drilling Tools market by Type (Fixed Cutter Drill Bit, Roller Cone Drill Bit and Others), by Application (Oil Field, Gas Field and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market