Scope of the Study
Oilfield drilling elevators are hoisting tools for handling shoulder drill pipe, casing, tubing and drill collar in the oil and gas field. The Elevators are designed and manufactured according to API Spec 8A-Specification for drilling and production hoisting equipment. They are used to raise and lower the drilling pipe in and out of the drilling hole by latching around the top of the drill string pipe joints. These elevators are hinged and the drilling rig team can open and close them by using the latch with handles on either side of the elevator.
The market study is being classified by Type (Elevator With Stress Joints, Elevator With Buoyancy Cans and Other), by Application (Onshore and Offshore) and major geographies with country level break-up.
Forum Energy Technologies (United States), National Oilwell Varco (United States), Weatherford International (United States), Jereh Group (China), Texas International (United States), Frank's International NV (Netherlands), Schlumberger Limited (United States), Keystone Energy Tools LLC. (United States), Genesis Oilfield Pipe & Supply, Inc (United States) and Acadiana Manufacturing LLC (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Paramount Oil Tools & Equipment (United States) and Offshore Energy Inc (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Oilfield Drilling Elevator market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Oilfield Drilling Elevator market by Type, Application and Region.
On the basis of geography, the market of Oilfield Drilling Elevator 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Innovations in Pipe Handing Systems
- Rising in Deepwater and Ultra-deepwater Projects
- Advances in Drilling Elevator Technology
- Rising Adoption of Alternative Energy Sources
- Rising Upstream Investments by the Various Oil and Gas Industry
- Rig Floor Operations and Fluctuations in Oil and Gas Prices may Hamper Market
On 24th February 2020, Schlumberger announced the opening of a world-class manufacturing center in King Salman Energy Park (SPARK) that supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program to promote economic growth. The center will manufacture various technologies including liner hangers and packers and valve technologies, such as GROVE valves and ORBIT rising stem ball valves, to help improve the efficiency of oil and gas operations in the Kingdom and neighboring countries.
Key Target AudienceOilfield Drilling Elevator Manufacturers, Oil and Gas Industry, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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