+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Global Kelly Drives Market 2019-2023 - Product Image

Global Kelly Drives Market 2019-2023

  • ID: 4791007
  • Report
  • June 2019
  • Region: Global
  • 122 pages
  • TechNavio
UP TO OFF
1h Free Analyst Time

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

1 of 4

FEATURED COMPANIES

  • NERUM ENERGY LLC
  • RM Holding BV
  • Schlumberger Ltd.
  • Vallourec SA
  • MORE
Global Kelly Drives Market: About this market

A Kelly drive is a well drilling device fitted on an oil and gas drilling rig, which is used to transfer the rotation motion to the drilling string in the drilling rig. The kelly drives market analysis considers the application of kelly drives in onshore wells and offshore wells. Our analysis also considers the sales of the kelly drive in North America, MEA, APAC, Europe, and South America. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the high investments in onshore oil and gas E&P projects will play a significant role in the onshore segment to maintain its market position. Also, our global kelly drives market report looks at factors such as the rise in global energy demand, increasing E&P activities, and increasing active rig count. However, the volatility of crude oil prices, increasing adoption of top drive systems, and stringent government regulations may hamper the growth of the kelly drives the industry over the forecast period.

Global kelly drives market: Overview

Increasing E&P activities

The rising global energy demand and technological advancements in the oil and gas industry have led to the increased exploration activities of untapped reserves. Oil and gas companies are increasingly adopting unconventional drilling technologies to explore the large shale deposits in the US and Canada. The rising investments in E&P activities are expected to drive the adoption of kelly drives for E&P activities. This will be a significant factor responsible for the growth of the kelly drives the market at a CAGR of almost 6% during the forecast period.

Emergence of automated drilling rigs

Rig operators are increasingly focusing on automating drilling rigs to reduce severe accidents and explosions caused by human errors. Automated drilling rigs can compare and analyze a large amount of data collected by the sensors for making correct decisions. The automation of drilling rigs is expected to reduce the risk of accidents caused due to human error and increase the efficiency of oil and gas drilling operations. The emergence of automated drilling rigs will be crucial kelly drive market trend fueling the growth of the market.

Competitive Landscape

With the presence of several major players, the global kelly drives market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading kelly drives manufacturers, that include National Oilwell Varco Inc., NERUM ENERGY LLC, RM Holding BV, Schlumberger Ltd., and Vallourec SA.

Also, the kelly drives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • NERUM ENERGY LLC
  • RM Holding BV
  • Schlumberger Ltd.
  • Vallourec SA
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Onshore - Market size and forecast 2018-2023
  • Offshore - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Increase in deepwater and ultra-deepwater upstream projects
  • Declining cost of raw materials
  • Emergence of automated drilling rigs
PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • National Oilwell Varco Inc.
  • NERUM ENERGY LLC
  • RM Holding BV
  • Schlumberger Ltd.
  • Vallourec SA
PART 13: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List Of Exhibits
Exhibit 01: Global oilfield equipment and services market
Exhibit 02: Segments of global oilfield equipment and services market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ thousands)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Application - Market share 2018-2023 (%)
Exhibit 18: Comparison by application
Exhibit 19: Onshore - Market size and forecast 2018-2023 ($ thousands)
Exhibit 20: Onshore - Year-over-year growth 2019-2023 (%)
Exhibit 21: Offshore - Market size and forecast 2018-2023 ($ thousands)
Exhibit 22: Offshore - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by application
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: North America - Market size and forecast 2018-2023 ($ thousands)
Exhibit 28: North America - Year-over-year growth 2019-2023 (%)
Exhibit 29: MEA - Market size and forecast 2018-2023 ($ thousands)
Exhibit 30: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 31: APAC - Market size and forecast 2018-2023 ($ thousands)
Exhibit 32: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 33: Europe - Market size and forecast 2018-2023 ($ thousands)
Exhibit 34: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 35: South America - Market size and forecast 2018-2023 ($ thousands)
Exhibit 36: South America - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendors covered
Exhibit 43: Vendor classification
Exhibit 44: Market positioning of vendors
Exhibit 45: National Oilwell Varco Inc. - Vendor overview
Exhibit 46: National Oilwell Varco Inc. - Business segments
Exhibit 47: National Oilwell Varco Inc. - Organizational developments
Exhibit 48: National Oilwell Varco Inc. - Geographic focus
Exhibit 49: National Oilwell Varco Inc. - Segment focus
Exhibit 50: National Oilwell Varco Inc. - Key offerings
Exhibit 51: NERUM ENERGY LLC - Vendor overview
Exhibit 52: NERUM ENERGY LLC - Key offerings
Exhibit 53: RM Holding BV - Vendor overview
Exhibit 54: RM Holding BV - Key offerings
Exhibit 55: Schlumberger Ltd. - Vendor overview
Exhibit 56: Schlumberger Ltd. - Business segments
Exhibit 57: Schlumberger Ltd. - Organizational developments
Exhibit 58: Schlumberger Ltd. - Geographic focus
Exhibit 59: Schlumberger Ltd. - Segment focus
Exhibit 60: Schlumberger Ltd. - Key offerings
Exhibit 61: Vallourec SA - Vendor overview
Exhibit 62: Vallourec SA - Business segments
Exhibit 63: Vallourec SA - Organizational developments
Exhibit 64:
Exhibit 65: Ah Vallourec SA - Geographic focus
Exhibit 66: Vallourec SA - Segment focus
Exhibit 67: Vallourec SA - Key offerings
Exhibit 68: Validation techniques employed for market sizing
Exhibit 69: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4

FEATURED COMPANIES

  • NERUM ENERGY LLC
  • RM Holding BV
  • Schlumberger Ltd.
  • Vallourec SA
  • MORE
The following companies are recognised as the key players in the global kelly drives market: National Oilwell Varco Inc., NERUM ENERGY LLC, RM Holding BV, Schlumberger Ltd., and Vallourec SA.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the emergence of automated drilling rigs.”

According to the report, one of the major drivers for this market is the increasing E&P activities.

Further, the report states that one of the major factors hindering the growth of this market is the volatility of crude oil prices.

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 4
  • National Oilwell Varco Inc.
  • NERUM ENERGY LLC
  • RM Holding BV
  • Schlumberger Ltd.
  • Vallourec SA
Note: Product cover images may vary from those shown
Adroll
adroll