“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?
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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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