What is Rotating Mousehole?
Rotating Mousehole also known as RMH, is a device that rests on the rig floor and allows the drill pipe to be easily accessible when it is needed. The RMH improves drilling efficiency by allowing users to rotate and link three sections of pipe at once rather than one. The RMH enables the drilling team to erect supports fast and efficiently while drilling ahead with the top drive. Connection time is decreased by up to 66 percent when pre-assembled strands are used. Pneumatic or hydraulic versions are available in the Market. It fits flush against the rig's floor. The device also enables the Tubulars to rotate beneath the rig's floor. Growing investments in new advanced crude oil and gas drilling technology as well as discoveries of new oil and gas deposits has significantly bolstered the market of the rotating mousehoe. North America accounts for largest market share, although Asia Pacific has huge potential ahead especially after discovery of new oil and gas fields in the region.
The market study is broken down by Type (Pneumatic Rotating Mouseholes and Hydraulic Rotating Mouseholes), by Application (Oil Drilling and Gas Drilling) and major geographies with country level break-up.
Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Forum Energy Technologies (United States), Keystone Energy Tools (United States), Drillmec SpA (Italy), Hawk Industries (United States), TWG Inc. (United States) and Oderco Inc. (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Rotating Mousehole market by Type, Application and Region.
On the basis of geography, the market of Rotating Mousehole has been segmented into 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). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Rotating Mousehole market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, MEIL Group, an India based engineering and Infrastructure Company has announced the acquisition of Trevi Group's oil & gas division, which consists of Drillmec S.p.A, Petreven S.p.A and Drillmec Inc, along with their 12 subsidiaries. The acquisition was made by MEIL Group through their regional subsidiary known as MEIL Global Holdings BV. This acquisition significantly bolsters MEIL Group’s global standings in the oil and gas engineering and infrastructure market, as well as compliments its other businesses.
In 2020, Tulsa Winch Group, also popularly known as TWG which is a Dover Company has recently announced the acquisition of Pullmaster Winch Corp., which is one of the market leaders in manufacturing of hydraulic planetary winches. This winches have wide applications across various industrial domains. Both the companies can benefit by the acquisition, synergised with TWG’s existing manufacturing expertise, and the combined network of distributers will aid them accelerate the growth.
- Hydraulic Rotating Mouseholes Account for Larger Market Share
- Increasing Focus on Exploration Discoveries of New Oil and Gas Reserves or Deposits
- Rising Investment in Advanced Oil and Gas Extraction Technology
- Asia Pacific Presents Huge Opportunity due to Discovery of New Oil Reserves in the Region
- Lack of Skilled Workers Required for Setup and Operations of the Rotating Mousehole
Key Target AudienceRotating Mousehole Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Forum Energy Technologies (United States), Keystone Energy Tools (United States), Drillmec SpA (Italy), Hawk Industries (United States), TWG Inc. (United States) and Oderco Inc. (United States) etc.
2. Can we have customized study for Rotating Mousehole Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Rotating Mousehole Market by 2026?
Analysts at AMA estimates Rotating Mousehole Market to reach USD Million by 2026.