Market Overview:
The global onshore and offshore Kelly drives market is estimated to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing exploration and production activities in onshore and offshore regions are also contributing to the growth of this market. The global onshore and offshore Kelly drives market is segmented by type, application, and region. By type, the market is divided into square drill pipe, hexagonal Kelly, others. By application, it is classified into onshore and offshore segments. Geographically, it is analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (UAE), Asia Pacific (China) & Rest of World).
Product Definition:
Onshore and offshore Kelly drives are devices used to transmit power or torque from a motor or engine to a machine. They are named after their inventor, James Edward Kelly. Onshore Kelly drives are used when the drive is located close to the motor or engine, while offshore Kelly drives are used when the drive is located some distance away. The importance of onshore and offshoreKellydrives lies in their ability to transmit power over long distances without losing efficiency.
Square drill pipe:
The square drill pipe is a drilling equipment, which consists of a metal tube with round corners. The metal tube is used to drill the wellbore by using rotary drilling rig. It has high strength and rigidity which helps in maintaining the stability of the system during drilling operation.
Hexagonal Kelly:
Hexagonal Kelly is a special type of drill string used in the offshore and onshore drilling industry. It consists of six sections, which are connected by cross-arms at 90 degree intervals. The hexagonal shape provides better stability to the drill string as compared to a square-shaped drive line, thereby reducing unwanted movement and vibration experienced in previous forms of drive lines.
Application Insights:
Onshore Kelly drives were the largest application segment in 2017 and are expected to continue their dominance over the forecast period. The growth of this application can be attributed to an increase in onshore oil exploration activities across various regions, including Middle East & Africa, North America and Europe.
Offshore is anticipated to grow at a significant rate over the forecast period owing to its use in deepwater drilling activities for oil exploration offshore Brazil, China, South America and West Africa among others. The development of deepwater platforms has increased exponentially since 2010 due largely to an increase in capital expenditure by operators for exploring new areas with high potential reserves of hydrocarbons.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., which is a major consumer of oil, has witnessed an increase in the adoption of these drives over the years owing to their enhanced performance and efficiency as compared to traditional drilling methods. Moreover, technological advancements such as downhole motors coupled with high demand for oil across various end-use industries are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to increasing offshore drilling activities along with growing energy demand from developing economies such as China and India.
Growth Factors:
- Increasing demand for energy: The global demand for energy is increasing day by day. This is because of the growing population and the industrialization in different parts of the world. This is driving the need for more onshore and offshore Kelly drives to meet this demand.
- Technological advancements: The technology of onshore and offshore Kelly drives is constantly improving with new innovations being made every day. This is making these drives more efficient and reliable, which is increasing their popularity among consumers.
- Rising fuel prices: The price of fuel has been rising steadily in recent years, making it increasingly expensive to operate vehicles or machinery that run on petrol or diesel engines. Onshore and offshore Kelly drives are becoming a more cost-effective option as they consume less fuel than traditional engines do.
Scope Of The Report
Report Attributes
Report Details
Report Title
Onshore and Offshore Kelly Drives Market Research Report
By Type
Square drill pipe, Hexagonal Kelly, Others
By Application
Onshore, Offshore
By Companies
National Oilwell Varco Inc., NERUM ENERGY LLC, RM Holding BV, Schlumberger Ltd., Vallourec SA, National Oilwell Varco Inc.
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Onshore and Offshore Kelly Drives Market Report Segments:
The global Onshore and Offshore Kelly Drives market is segmented on the basis of:
Types
Square drill pipe, Hexagonal Kelly, Others
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
Onshore, Offshore
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:
- National Oilwell Varco Inc.
- NERUM ENERGY LLC
- RM Holding BV
- Schlumberger Ltd.
- Vallourec SA
- National Oilwell Varco Inc.
Highlights of The Onshore and Offshore Kelly Drives 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:
- Square drill pipe
- Hexagonal Kelly
- Others
- By Application:
- Onshore
- Offshore
- 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 Onshore and Offshore Kelly Drives 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Onshore and offshore Kelly drives are used to move oil and gas from the wellhead to the processing plant.
Some of the major players in the onshore and offshore kelly drives market are National Oilwell Varco Inc., NERUM ENERGY LLC, RM Holding BV, Schlumberger Ltd., Vallourec SA, National Oilwell Varco Inc..
The onshore and offshore kelly drives market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Onshore and Offshore Kelly Drives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Onshore and Offshore Kelly Drives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Onshore and Offshore Kelly Drives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Onshore and Offshore Kelly Drives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Onshore and Offshore Kelly Drives Market Size & Forecast, 2018-2028
4.5.1 Onshore and Offshore Kelly Drives Market Size and Y-o-Y Growth
4.5.2 Onshore and Offshore Kelly Drives Market Absolute $ Opportunity
Chapter 5 Global Onshore and Offshore Kelly Drives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Onshore and Offshore Kelly Drives Market Size Forecast by Type
5.2.1 Square drill pipe
5.2.2 Hexagonal Kelly
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Onshore and Offshore Kelly Drives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Onshore and Offshore Kelly Drives Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Onshore and Offshore Kelly Drives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Onshore and Offshore Kelly Drives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Onshore and Offshore Kelly Drives Analysis and Forecast
9.1 Introduction
9.2 North America Onshore and Offshore Kelly Drives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Onshore and Offshore Kelly Drives Market Size Forecast by Type
9.6.1 Square drill pipe
9.6.2 Hexagonal Kelly
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Onshore and Offshore Kelly Drives Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Onshore and Offshore Kelly Drives Analysis and Forecast
10.1 Introduction
10.2 Europe Onshore and Offshore Kelly Drives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Onshore and Offshore Kelly Drives Market Size Forecast by Type
10.6.1 Square drill pipe
10.6.2 Hexagonal Kelly
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Onshore and Offshore Kelly Drives Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Onshore and Offshore Kelly Drives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Onshore and Offshore Kelly Drives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Onshore and Offshore Kelly Drives Market Size Forecast by Type
11.6.1 Square drill pipe
11.6.2 Hexagonal Kelly
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Onshore and Offshore Kelly Drives Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Onshore and Offshore Kelly Drives Analysis and Forecast
12.1 Introduction
12.2 Latin America Onshore and Offshore Kelly Drives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Onshore and Offshore Kelly Drives Market Size Forecast by Type
12.6.1 Square drill pipe
12.6.2 Hexagonal Kelly
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Onshore and Offshore Kelly Drives Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Onshore and Offshore Kelly Drives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Onshore and Offshore Kelly Drives Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Onshore and Offshore Kelly Drives Market Size Forecast by Type
13.6.1 Square drill pipe
13.6.2 Hexagonal Kelly
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Onshore and Offshore Kelly Drives Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Onshore and Offshore Kelly Drives Market: Competitive Dashboard
14.2 Global Onshore and Offshore Kelly Drives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 National Oilwell Varco Inc.
14.3.2 NERUM ENERGY LLC
14.3.3 RM Holding BV
14.3.4 Schlumberger Ltd.
14.3.5 Vallourec SA
14.3.6 National Oilwell Varco Inc.
