The global drill for oil and gas extraction market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%. The overland holds an important share in terms of applications, and accounts for 61% of the market share. North America is expected to be the largest regional market with a revenue share of about 34%.
Some Of The Growth Factors Of This Market:
- The growth of the drilling industry is driven by factors such as increasing demand for oil and gas extraction, technological advancements in drilling equipment, and increased exploration activities.
- Increasing demand for oil and gas extraction drives the growth of the drilling industry.
- Technological advancements in drilling equipment are driving the growth of this market.
- Increased exploration activities are also driving this market.
- Increasing environmental concerns about fossil fuels.
Industry Growth Insights published a new data on “Drill for Oil and Gas Extraction Market”. The research report is titled “Drill for Oil and Gas Extraction Market research by Types (Fixed Cutting Edge Drill, Cone Drill, , The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%.), By Applications (Overland, Marine, , The overland holds an important share in terms of applications, and accounts for 61% of the market share.), By Players/Companies Schlumberger, Baker Hughes, HALLIBURTON, NOV, Varel InternationalVarel International, Drilformance, Sinopec Oilfield Equipment Corporation”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Drill for Oil and Gas Extraction Market Research Report
By Type
Fixed Cutting Edge Drill, Cone Drill, , The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%.
By Application
Overland, Marine, , The overland holds an important share in terms of applications, and accounts for 61% of the market share.
By Companies
Schlumberger, Baker Hughes, HALLIBURTON, NOV, Varel InternationalVarel International, Drilformance, Sinopec Oilfield Equipment Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Drill for Oil and Gas Extraction Market Report Segments:
The global Drill for Oil and Gas Extraction market is segmented on the basis of:
Types
Fixed Cutting Edge Drill, Cone Drill, , The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%.
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Overland, Marine, , The overland holds an important share in terms of applications, and accounts for 61% of the market share.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schlumberger
- Baker Hughes
- HALLIBURTON
- NOV
- Varel InternationalVarel International
- Drilformance
- Sinopec Oilfield Equipment Corporation
Highlights of The Drill for Oil and Gas Extraction Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fixed Cutting Edge Drill
- Cone Drill
- The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%.
- By Application:
- Overland
- Marine
- The overland holds an important share in terms of applications, and accounts for 61% of the market share.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drill for Oil and Gas Extraction Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Drill for oil and gas extraction is a process used to extract petroleum and natural gas from the earth. Drilling rigs are lowered into the ground, and a series of holes is drilled until the desired resource is reached.
Some of the major players in the drill for oil and gas extraction market are Schlumberger, Baker Hughes, HALLIBURTON, NOV, Varel InternationalVarel International, Drilformance, Sinopec Oilfield Equipment Corporation.
The drill for oil and gas extraction market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Drill for Oil and Gas Extraction Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Drill for Oil and Gas Extraction Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Drill for Oil and Gas Extraction Market - Supply Chain
4.5. Global Drill for Oil and Gas Extraction Market Forecast
4.5.1. Drill for Oil and Gas Extraction Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Drill for Oil and Gas Extraction Market Size (000 Units) and Y-o-Y Growth
4.5.3. Drill for Oil and Gas Extraction Market Absolute $ Opportunity
5. Global Drill for Oil and Gas Extraction Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Drill for Oil and Gas Extraction Market Size and Volume Forecast by Type
5.3.1. Fixed Cutting Edge Drill
5.3.2. Cone Drill
5.3.4. The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Drill for Oil and Gas Extraction Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Drill for Oil and Gas Extraction Market Size and Volume Forecast by Application
6.3.1. Overland
6.3.2. Marine
6.3.4. The overland holds an important share in terms of applications, and accounts for 61% of the market share.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Drill for Oil and Gas Extraction Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Drill for Oil and Gas Extraction Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Drill for Oil and Gas Extraction Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Drill for Oil and Gas Extraction Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Drill for Oil and Gas Extraction Demand Share Forecast, 2019-2026
9. North America Drill for Oil and Gas Extraction Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Drill for Oil and Gas Extraction Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Drill for Oil and Gas Extraction Market Size and Volume Forecast by Application
9.4.1. Overland
9.4.2. Marine
9.4.4. The overland holds an important share in terms of applications, and accounts for 61% of the market share.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Drill for Oil and Gas Extraction Market Size and Volume Forecast by Type
9.7.1. Fixed Cutting Edge Drill
9.7.2. Cone Drill
9.7.4. The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Drill for Oil and Gas Extraction Demand Share Forecast, 2019-2026
10. Latin America Drill for Oil and Gas Extraction Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Drill for Oil and Gas Extraction Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Drill for Oil and Gas Extraction Market Size and Volume Forecast by Application
10.4.1. Overland
10.4.2. Marine
10.4.4. The overland holds an important share in terms of applications, and accounts for 61% of the market share.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Drill for Oil and Gas Extraction Market Size and Volume Forecast by Type
10.7.1. Fixed Cutting Edge Drill
10.7.2. Cone Drill
10.7.4. The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Drill for Oil and Gas Extraction Demand Share Forecast, 2019-2026
11. Europe Drill for Oil and Gas Extraction Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Drill for Oil and Gas Extraction Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Drill for Oil and Gas Extraction Market Size and Volume Forecast by Application
11.4.1. Overland
11.4.2. Marine
11.4.4. The overland holds an important share in terms of applications, and accounts for 61% of the market share.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Drill for Oil and Gas Extraction Market Size and Volume Forecast by Type
11.7.1. Fixed Cutting Edge Drill
11.7.2. Cone Drill
11.7.4. The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Drill for Oil and Gas Extraction Demand Share, 2019-2026
12. Asia Pacific Drill for Oil and Gas Extraction Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Drill for Oil and Gas Extraction Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Drill for Oil and Gas Extraction Market Size and Volume Forecast by Application
12.4.1. Overland
12.4.2. Marine
12.4.4. The overland holds an important share in terms of applications, and accounts for 61% of the market share.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Drill for Oil and Gas Extraction Market Size and Volume Forecast by Type
12.7.1. Fixed Cutting Edge Drill
12.7.2. Cone Drill
12.7.4. The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Drill for Oil and Gas Extraction Demand Share, 2019-2026
13. Middle East & Africa Drill for Oil and Gas Extraction Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Drill for Oil and Gas Extraction Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Drill for Oil and Gas Extraction Market Size and Volume Forecast by Application
13.4.1. Overland
13.4.2. Marine
13.4.4. The overland holds an important share in terms of applications, and accounts for 61% of the market share.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Drill for Oil and Gas Extraction Market Size and Volume Forecast by Type
13.7.1. Fixed Cutting Edge Drill
13.7.2. Cone Drill
13.7.4. The segment cone drill of holds a comparatively larger share in global market, which accounts for about 82%.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Drill for Oil and Gas Extraction Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Drill for Oil and Gas Extraction Market: Market Share Analysis
14.2. Drill for Oil and Gas Extraction Distributors and Customers
14.3. Drill for Oil and Gas Extraction Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schlumberger
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Baker Hughes
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HALLIBURTON
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NOV
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Varel InternationalVarel International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Drilformance
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sinopec Oilfield Equipment Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview