Global Downhole Drilling Tools Market 2017-2021

  • ID: 4225849
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
OFF
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 5

FEATURED COMPANIES

  • American Oilfield Tools
  • Challenger Downhole Tools
  • Gearcon Drilling Tools
  • Logan International
  • Olympus
  • Tasman
  • MORE
About Downhole Drilling Tools

Drilling involves boring a hole in the earth's surface for the extraction of petroleum and gas. Downhole drilling tools facilitate the drilling process and enable drillers to counter the challenges associated with drilling such as extreme depth, high-temperature, and pressure difference. These tools guide or steer wells through a small reservoir by changing the trajectory of the well. The process of extracting these valuable resources includes drilling through the surface till the depths where the resources occur are reached. There are many activities involved in the extraction of these reserves.

The analysts forecast the global downhole drilling tools market to grow at a CAGR of 4.40% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global downhole drilling tools market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Downhole Drilling Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Baker Hughes
- Halliburton
- National Oilwell Varco
- Schlumberger
- Weatherford

Other prominent vendors
- American Oilfield Tools
- Bilco Tools
- Challenger Downhole Tools
- Downhole Oil Tools
- Logan International
- Magnum Oil Tools
- Oil Tools International Services
- Schoeller-Bleckmann Oilfield Equipment
- Tasman
- Wenzel Downhole Tools
- Western Drilling Tools
- Carlisle Interconnect Technologies
- Cougar Drilling Solutions
- Stabiltec Downhole Tools
- Olympus Corporation
- Gearcon Drilling Tools
- Kennametal

Market drivers
- Rising global oil and gas demand.
- For a full, detailed list, view the full report

Market challenges
- Decline in investments in upstream sector.
- For a full, detailed list, view the full report

Market trends
- Supercritical carbon dioxide as a fracking fluid in shale gas fracking.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • American Oilfield Tools
  • Challenger Downhole Tools
  • Gearcon Drilling Tools
  • Logan International
  • Olympus
  • Tasman
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by product type
  • Global downhole drilling tools market by product type
  • Global downhole drilling tools market by tubulars
  • Global downhole drilling tools market by deflection tools and downhole motors
  • Global downhole drilling tools market by casing and cementing tools
  • Global downhole drilling tools market by drill bits
  • Global downhole drilling tools market by impact tools and coiled tubing tools
  • Global downhole drilling tools market by miscellaneous downhole tools
  • Global downhole drilling tools market by others
PART 07: Market segmentation by application
  • Global downhole drilling tools market by application
  • Global downhole drilling tools market by onshore
  • Global downhole drilling tools market by offshore
PART 08: Geographical segmentation
  • Global downhole drilling tools market by geography 2017-2021
  • Downhole drilling tools market in Americas
  • Downhole drilling tools market in EMEA
  • Downhole drilling tools market by APAC
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Market challenges
PART 11: Market trends
  • Supercritical carbon dioxide as a fracking fluid in shale gas fracking
  • Laser drilling technology in oil and gas industry
  • New-generation automated drilling rigs
PART 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 13: Key vendor analysis
  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Segmentation of global downhole drilling tools market
Exhibit 02: Global downhole drilling tools market 2016-2021 ($ billions)
Exhibit 03: Five forces analysis
Exhibit 04: Global downhole drilling tools market by product type 2016 and 2021 (%)
Exhibit 05: Global downhole drilling tools market by product type 2016-2021 ($ billions)
Exhibit 06: Global downhole drilling tools market by tubulars 2016-2021 ($ billions)
Exhibit 07: Global downhole drilling tools market by deflection tools and downhole motors 2016-2021 ($ billions)
Exhibit 08: Global downhole drilling tools market by casing and cementing tools 2016-2021 ($ billions)
Exhibit 09: Global downhole drilling tools market by drill bits 2016-2021 ($ billions)
Exhibit 10: Global downhole drilling tools market by impact tools and coiled tubing tools 2016-2021 ($ billions)
Exhibit 11: Global downhole drilling tools market by miscellaneous downhole tools 2016-2021 ($ billions)
Exhibit 12: Global downhole drilling tools market by others 2016-2021 ($ billions)
Exhibit 13: Global downhole drilling tools market by application 2016 and 2021 (%)
Exhibit 14: Global downhole drilling tools market by application 2016-2021 ($ billions)
Exhibit 15: Global downhole drilling tools market by onshore 2016-2021 ($ billions)
Exhibit 16: Global downhole drilling tools market by offshore 2016-2021 ($ billions)
Exhibit 17: Global downhole drilling tools market by geography 2016 and 2021 (%)
Exhibit 18: Global downhole drilling tools market by geography 2016-2021 ($ billions)
Exhibit 19: Downhole drilling tools market in Americas 2016-2021 ($ billions)
Exhibit 20: Global rig count 2014-2017
Exhibit 21: Downhole drilling tools market in EMEA 2016-2021 ($ billions)
Exhibit 22: Downhole drilling tools market by APAC 2016-2021 ($ billions)
Exhibit 23: Global liquid fuel consumption 2007-2018 (mbpd)
Exhibit 24: Other prominent vendors (Indicative list)
Exhibit 25: Baker Hughes: Key products/services
Exhibit 26: Halliburton: Key products/services
Exhibit 27: National Oilwell Varco: Key products/services
Exhibit 28: Schlumberger: Key products/ services
Exhibit 29: Weatherford: Key products
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • American Oilfield Tools
  • Challenger Downhole Tools
  • Gearcon Drilling Tools
  • Logan International
  • Olympus
  • Tasman
  • MORE
New Report Released: – Global Downhole Drilling Tools Market 2017-2021

The author of the report recognizes the following companies as the key players in the global downhole drilling tools market: Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford.

Other Prominent Vendors in the market are: American Oilfield Tools, Bilco Tools, Challenger Downhole Tools, Downhole Oil Tools, Logan International, Magnum Oil Tools, Oil Tools International Services, Schoeller-Bleckmann Oilfield Equipment, Tasman, Wenzel Downhole Tools, Western Drilling Tools, Carlisle Interconnect Technologies, Cougar Drilling Solutions, Stabiltec Downhole Tools, Olympus, Gearcon Drilling Tools, and Kennametal.

Commenting on the report, an analyst from the research team said: “One trend in market is supercritical carbon dioxide as a fracking fluid in shale gas fracking. Hydraulic fracturing is a process where large amounts of water, sand, and chemicals are injected into a well to break apart the rock and release the gas. Hydraulic fracturing, also known as ‘fracking’ uses water and chemicals to open the pores of the rock formation, which allows the oil and gas to flow to the well. Fracking is widely used and helps to increase productivity from the well.”

According to the report, one driver in market is shifting focus toward ultradeep offshore wells. The era of easy oil is over. Oil and gas companies worldwide are looking for new explorations for the extraction of crude oil and natural gas. Drilling in offshore locations is more challenging than drilling onshore due to harsh weather conditions. Oil and gas companies have been very successful in onshore locations for over a century now. Offshore locations have been popular sources of oil and gas for nearly the same time as onshore drilling. The world has mastered the art of shallow water drilling as well as deep water drilling of oil and gas resources. The focus has now shifted toward the exploration of ultradeep offshore resources, which are found at depths of 1,500 meters and deeper. Drilling at such depths is challenging and requires enhanced drilling tools. This has created an opportunity for drilling tools manufacturers to supply specialized products, which are specifically designed for offshore drilling activities.

Further, the report states that one challenges in market is decline in investments in upstream sector. As per the World Energy Investment report, 2016, published by the International Energy Agency (IEA), the upstream oil and gas industry witnessed a 25% decline in investments in 2015 from 2014. This was due to the cost reductions by various upstream companies worldwide, caused by the drop in crude oil prices. Crude oil prices, which hovered over $110/bbl. in June 2014, experienced a rapid decline to $50/bbl. in January 2015, a time span of just seven months. Crude oil prices continued to fall and touched a ten-year low of $28/bbl. in January 2016 and were around $48/bbl. in January 2017. This has greatly affected the profitability of the upstream companies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger,Weatherford
  • American Oilfield Tools
  • Bilco Tools
  • Challenger Downhole Tools
  • Downhole Oil Tools
  • Logan International
  • Magnum Oil Tools
  • Oil Tools International Services
  • Schoeller-Bleckmann Oilfield Equipment
  • Tasman
  • Wenzel Downhole Tools
  • Western Drilling Tools
  • Carlisle Interconnect Technologies
  • Cougar Drilling Solutions
  • Stabiltec Downhole Tools
  • Olympus
  • Gearcon Drilling Tools
  • Kennametal.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll