Sellbyville, Delaware, Aug. 16, 2018 (GLOBE NEWSWIRE) --

Drill Pipe Market share is expected to reach USD 1 billion by 2024; says Global Market Insights, Inc. report featuring key industry trends across the fuel, capacity, application, technology, and regional landscape.

Rising efforts by governments to increase crude production in tandem with the increasing capital poured in the upstream sector will fuel drill pipe market size. The adoption of advanced production techniques will also stimulate the industry growth over 2018-2024.

As per the report, Saudi Arabia drill pipe industry is forecast to record a y-o-y growth of 10% over 2018-2024. The regional product adoption rate is highly accountable to the soaring onshore rig count and crude oil production targets.

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Drill pipe market size from offshore applications is poised to register a CAGR of 8% over 2018-2024. This business sphere has been significantly augmented by technological advancements toward exploration of deep and ultra-deep water reservoirs.

The U.S. drill pipe market is estimated to exceed annual deployment of 13 million feet by 2024. The robust regional growth can be attributed to the rising exploration of unconventional wells and increasing investment from independent players.

Browse key industry insights spread across 410 pages with 866 market data tables & 73 figures & charts from the report, “Drill Pipe Market” in detail along with the table of contents:

The key players profiled in the report are Tejas Tubular Products Inc., Ferrostaal Piping Supply GmbH, TMK Group, RK Pipe & Supply, LLC, Jiangyin Long-bright Drill Pipe Manufacture Co Ltd., E&M Supply Group, Holly Pipe Corporation, Texas Steel Conversion, Inc., Vallourec S.A., Premier Drill Products, Hilong Group, Drill Pipe International LLC, Oil Country Tubular Limited, and DP Master Manufacturing. The companies have been profiled in terms of their SWOT analysis, product portfolio, and strategic outlook.

Scope of the Drill Pipe Market Report:

  • Product landscape: Premium, API
  • Application landscape: Onshore, Offshore
  • Regional landscape: Canada, U.S., Mexico, Norway, UK, Netherlands, Romania, Russia, Poland, Belarus, Armenia, Kyrgyzstan, Kazakhstan, Tajikistan, Ukraine, Uzbekistan, Azerbaijan, Moldova, China, Malaysia, Thailand, India, Indonesia, Australia, Vietnam, Oman, Saudi Arabia, Iraq, Iran, Kuwait, Qatar, Turkey, Egypt, Libya, Gabon, Congo, Nigeria, Algeria, Venezuela, Argentina, Bolivia, Brazil, Chile, , Peru, Colombia, Trinidad & Tobago, Ecuador

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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