Wednesday 30 September 2015

Global Gas and Oil Drill Bits Industry - Market Research 2015-2019




Global Gas and Oil Drill Bits Industry - Market Research 2015-2019” the latest addition to MarketResearchReports.Biz industry research reports collection.

About drill bits in oil and gas industry
Drill bits are mechanical tools that cut and crush rocks to create wellbores for the extraction of hydrocarbons. They are mainly used in drilling operations for oil or gas wells, either onshore or offshore. They are broadly classified into two major categories:
  • Fixed-cutter bits
  • Roller-cone cutter bits

Fixed-cutter bits
Fixed-cutter bits do not have moving cones. They integrate cutting elements into the bits body and are designed to excavate holes by shearing, instead of cutting or gouging.
Based on type, they are classified into two:
  • PDCs
  • Natural diamond bits

Roller-cone cutter bits
Roller-cone cutter bits include three individually rotating cones. They are designed to drill any formation by adjusting cutters, bearings, and nozzles. Depending on the design of their teeth, they are classified into two:
  • Milled-tooth bits
  • Tungsten carbide inserts

Technavio's analysts forecast the global drill bits in oil and gas industry to grow at a CAGR of 4.05% in terms of over the period 2014-2019.

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Covered in this report
The report includes the present scenario and the growth prospects of global drill bits in oil and gas industry for the period 2015-2019.

Technavio's report, Global Drill Bits in Oil and Gas Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, EMEA, and the Americas; it also covers the landscape of the global drill bits in oil and gas industry and its growth prospects in the coming years.

Key geographies
Americas
APAC
EMEA

Key vendors
Baker Hughes
Halliburton
National Oilwell Varco
Other prominent vendors
Atlas Copco
Cangzhou Great Drill
Champion Cutting Tool
Driltec
Guizhou Sinodrills Equipment
Irwin Industrial Tool
NewTech Drilling Products

Market driver : Increased demand for oil and gas worldwide
Market challenge : Fluctuating oil prices
Market trend : Integration of drill bits into bottom-hole assemblies

Key questions answered in this report
What will the market size be in 2019 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?

Browse All reports Of this Category: http://www.marketresearchreports.biz/category/115

Table of Content :

PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis

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