Press release
Drill Pipe Global Market Report 2024 - By Growth, Share, Demand, Report, Forecast To 2033
Drill Pipe Market
The drill pipe market size is expected to see strong growth in the next few years. It will grow to $1.88 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to renewable energy transition, emerging market opportunities innovation in materials, energy transition policies, geopolitical factors. Major trends in the forecast period include increasing demand in oil and gas exploration, technological advancements, environmental regulations impact, market consolidation and competition, supply chain challenges.
Market Overview -
The drill pipe refers to a seamless steel pipe made up of the drill string and is the main part of the complete drill string. It is hollow to enable the pumping of drilling fluid through the bit and back up the annulus and down the hole.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10192&type=smp
Surge In Rig Drilling Operations Propels Expansion Of The Drill Pipe Market
The increasing rig drilling operations are expected to propel the growth of the drill pipe market going forward. A drilling rig is an integrated system that penetrates the subsurface of the ground to create wells, such as water or oil wells, or holes for piling and other building needs. Drill pipe is a type of pipeline used on drilling rigs that is hollow, thin-walled, and made of steel or an aluminum alloy. For instance, in February 2023, according to Baker Hughes Company, a US-based oil field services company, the number of drilling rigs operating in the US climbed by 2 units to 761 rigs for the week ending February 10, a rise of 126 units from the 635 rigs operating at the same time last year. Therefore, increasing rig drilling operations are driving the growth of the drill pipe market.
Competitive Landscape -
Major companies operating in the drill pipe market report are Hilong Group of Companies Ltd., Oil Country Tubular Ltd., Texas Steel Conversion Inc., Drill Pipe International LLC, National Oilwell Varco Inc., PetroMaterials Corporation, Tejas Tubular Products Inc., Tenaris S.A, TMK Steel Limited, Weatherrock Group Holding Limited, DP-Master Manufacturing Ltd, RK Pipe & Supply LLC, Jindal Saw Ltd., Alcoa Oil & Gas Inc, International Drilling Services Ltd, Hunting PLC, Challenger International Inc, Premier Drill Products LLC, Vallourec SA, Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd., TPCO Enterprise Inc., United States Steel Corporation, Superior Drillpipe Manufacturing Inc., TenarisHydril, ERUI International Electronic Commerce Co. Ltd., ILJIN Steel Corporation, EVRAZ North America, TPS Technitube Röhrenwerk GmbH, JFE Steel Corporation, Tenergy Equipment & Service Limited, Hubei Petrokh Machine Manufacturing Limited Company, Shandong Molong Petroleum Machinery Co. Ltd., Wuxi Eastsun Bright Steel Tube Co. Ltd., Kelly Pipe Co. LLC, St. Louis Pipe & Supply, Shanxi Fenglei Drilling Tools Co. Ltd., Deep Drill Supply Group, Zhejiang Shihao Industry & Trade Co. Ltd., Zekelman Industries Inc., Wuhan Xinxing Copper & Aluminum Company Limited
Revolutionizing Drilling With Smart Horizontal Directional Drilling (HDD) Technology
Technological advancements are a key trend gaining popularity in the drill pipe market. Major companies operating in the drill pipe market are adopting new technologies to sustain their position in the market. For instance, in April 2022, Vermeer Corporation, a US-based industrial and agricultural machines manufacturer company launched 550,000-pound (249,475.8-kg) D550 HDD (Horizontal directional drilling), a newest generation of maxi rig drills backed with HDD technology. Horizontal directional drilling (HDD) is a smart drilling technology that involves drilling a tunnel under a canal or other defined region and then pulling a pipeline or other utility through the tunnel. It entails precise drilling along the selected bore path and back reaming the necessary pipe using a directional drilling machine and related equipment. During HDD drilling, the earth is pushed to one side rather than brought to the surface to prevent spreading soil contamination above ground. Additionally, because the pipe connections are durable, tainted dirt should not enter the system.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/drill-pipe-global-market-report
Key Segments -
The drill pipe market covered in this report is segmented -
1) By Type: Standard Drill Pipes, Heavy Weight Drill Pipes, Drill Collars
2) By Material: Alloys, Composites, Other Materials
3) By Application: Offshore, Onshore
4) By Industry: Oil And Gas Industry, Mining Industry, Agriculture Industry, Other Industries
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model"
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Drill Pipe Global Market Report 2024 - By Growth, Share, Demand, Report, Forecast To 2033 here
News-ID: 3477068 • Views: …
More Releases from The Business research company
Vascular Stent Global Market Analysis, Trends, Growth, Research And Forecast 203 …
The vascular stent market size has grown rapidly in recent years. It will grow from $14.74 billion in 2023 to $16.26 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to clinical research and development, drug-eluting stents (des), introduction of balloon angioplasty, early stent innovations, physician training and skill development.
The vascular stent market size…
Vaginal Sling Market 2024 Report By Key Companies, Regional Analysis And Forecas …
The vaginal sling market size has grown strongly in recent years. It will grow from $1.4 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increasing prevalence of stress urinary incontinence, advancements in surgical techniques, rising aging population, regulatory approval, healthcare infrastructure development.
The vaginal sling market size is…
Vacuum Packaging Market Trends, Top Companies, Share, Growth And Forecast 2033
The vacuum packaging market size has grown strongly in recent years. It will grow from $31.2 billion in 2023 to $32.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to emergence of preservation techniques, food industry adoption, demand for extended shelf life, industrial applications, convenience and portability.
The vacuum packaging market size is expected…
Vacuum Interrupter Global Market Analysis, Trends, Growth, Research And Forecast …
The vacuum interrupter market size has grown strongly in recent years. It will grow from $2.67 billion in 2023 to $2.85 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to electrification and industrialization, growth in renewable energy projects, increasing demand for energy-efficient devices, modernization of power grids, growth in urbanization and infrastructure.
The vacuum…
More Releases for Drill
Exclusive Report on Global Drill Pipe Industry: Growth Opportunity | National Oi …
The global Drill Pipe market size is expected to reach $1.06 Billion by 2028 growing at the CAGR of 3.88% from 2021 to 2028.
The increasing automation and investments in rapidly growing oil and gas industries are projected to play a causal role in the development of the drill pine market. Besides, increasing integrations of innovative technologies such as robotics in offshore and onshore drilling activities drive the growth of…
Boring Tools Market Report 2018: Segmentation by Type (Drill Bits, Drilling Tubu …
Global Boring Tools market research report provides company profile for NACHI-FUJIKOSHI, OSG, Sandvik, BIG KAISER, Kennametal and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the basis…
Construction Industry Core Drill Market Report 2018: Segmentation by Type (Wet D …
Global Construction Industry Core Drill market research report provides company profile for Diamond Products, Milwaukee Tools, Atlas Corporation, Otto Baier, Chicago Pneumatic, Kor-It Diamond Tools, CS Unitec, Hilti, Husqvarna, Makita, Tyrolit, Robert Bosch Too,l Golz L.L.C., Norton and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue,…
Drill Pipe Market Countering growth 2025 | Tenaris S. A, Drill Pipe Internationa …
Global Drill Pipe Market: Snapshot
Drill pipes are hollow pipes, usually made of aluminum alloys or steel and are a core component in the drilling process. The hollow drill pipes enable for the transfer of drilling fluids downwards towards the drill point or back upwards through the annulus. Although a standard length for drill pipes is up to 32 feet, there are longer pipes that could stretch till 45 feet and…
Drill Pipe Market Top Key Player- Drill Pipe International Llc. (USA), Hilong Gr …
Drill Pipe plays a crucial role in oil and gas exploration activities as they have to withstand enormous stress, load and heat during drilling operations. They are a critical part of the drilling operation as any failure can result in delays and operation and cost losses. Increasing investment in Oil exploration activities driving the growth of the market. Global oil and gas operators are stepping up the oil the gas…
Drill Bits Market Research Report- Forecast to 2027 | Global Drill Bits Industry
Global Drill Bits Market Information Report by Type (rolling cutter and fixed cutter bits), by End Market (land and offshore.) and by Region - Forecast to 2027
Increasing demand for energy has been a major factor in the significant growth of the drill bits market In recent times. Furthermore the recent expansion and exploratory activities undertaken across the globe are expecte4d to positively influence the Drill Bits market.
Get a sample copy…
